Reported Earnings • Apr 06
Full year 2025 earnings released: NT$0.35 loss per share (vs NT$0.49 profit in FY 2024) Full year 2025 results: NT$0.35 loss per share (down from NT$0.49 profit in FY 2024). Revenue: NT$432.1m (up 15% from FY 2024). Net loss: NT$39.2m (down 171% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (NT$1.99b market cap, or US$63.5m). Annonce • Feb 13
Advance Materials Corporation, Annual General Meeting, May 21, 2026 Advance Materials Corporation, Annual General Meeting, May 21, 2026. Location: no,147, sec.2 kao t`ieh n. rd., dayuan dist., taoyuan city Taiwan Buy Or Sell Opportunity • Jan 07
Now 20% overvalued Over the last 90 days, the stock has fallen 18% to NT$13.20. The fair value is estimated to be NT$10.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has grown by 53%. Buy Or Sell Opportunity • Dec 12
Now 21% overvalued Over the last 90 days, the stock has fallen 24% to NT$13.20. The fair value is estimated to be NT$10.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has grown by 53%. Buy Or Sell Opportunity • Nov 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to NT$13.25. The fair value is estimated to be NT$11.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has grown by 53%. Buy Or Sell Opportunity • Oct 21
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 146% to NT$14.40. The fair value is estimated to be NT$10.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has grown by 53%. Buy Or Sell Opportunity • Aug 26
Now 21% undervalued Over the last 90 days, the stock has risen 31% to NT$8.98. The fair value is estimated to be NT$11.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Earnings per share has grown by 53%. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$6.99, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total loss to shareholders of 17% over the past three years. New Risk • May 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$759.4m market cap, or US$25.1m). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$7.02, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total loss to shareholders of 35% over the past three years. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$566.2m market cap, or US$17.1m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$5.35, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total loss to shareholders of 51% over the past three years. New Risk • Mar 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 302% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$748.2m market cap, or US$22.5m). Reported Earnings • Mar 24
Full year 2024 earnings released: EPS: NT$0.49 (vs NT$1.34 loss in FY 2023) Full year 2024 results: EPS: NT$0.49 (up from NT$1.34 loss in FY 2023). Revenue: NT$375.6m (up 13% from FY 2023). Net income: NT$55.1m (up NT$205.2m from FY 2023). Profit margin: 15% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Feb 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (NT$776.2m market cap, or US$23.7m). Annonce • Feb 21
Advance Materials Corporation, Annual General Meeting, May 22, 2025 Advance Materials Corporation, Annual General Meeting, May 22, 2025. Location: no,498-2, sec.2 nan shan rd., lujhu district, taoyuan city Taiwan Annonce • Mar 08
Advance Materials Corporation, Annual General Meeting, May 23, 2024 Advance Materials Corporation, Annual General Meeting, May 23, 2024. Reported Earnings • Mar 08
Full year 2023 earnings released: NT$1.34 loss per share (vs NT$1.28 loss in FY 2022) Full year 2023 results: NT$1.34 loss per share (further deteriorated from NT$1.28 loss in FY 2022). Revenue: NT$331.5m (down 18% from FY 2022). Net loss: NT$150.1m (loss widened 5.2% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. New Risk • Feb 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (NT$829.8m market cap, or US$26.2m). New Risk • Aug 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (NT$757.2m market cap, or US$23.7m). Reported Earnings • Mar 08
Third quarter 2022 earnings released: NT$0.56 loss per share (vs NT$0.008 loss in 3Q 2021) Third quarter 2022 results: NT$0.56 loss per share (further deteriorated from NT$0.008 loss in 3Q 2021). Revenue: NT$83.4m (down 46% from 3Q 2021). Net loss: NT$61.7m (loss widened NT$60.8m from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 08
Third quarter 2022 earnings released: NT$0.56 loss per share (vs NT$0.008 loss in 3Q 2021) Third quarter 2022 results: NT$0.56 loss per share (further deteriorated from NT$0.008 loss in 3Q 2021). Revenue: NT$83.4m (down 46% from 3Q 2021). Net loss: NT$61.7m (loss widened NT$60.8m from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 04
Upcoming dividend of NT$0.15 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 02 September 2022. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.6%). Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$0.18 (up from NT$0.37 loss in FY 2020). Revenue: NT$618.3m (up 14% from FY 2020). Net income: NT$20.5m (up NT$61.9m from FY 2020). Profit margin: 3.3% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 03
Advance Materials Corporation, Annual General Meeting, May 26, 2022 Advance Materials Corporation, Annual General Meeting, May 26, 2022. Reported Earnings • Aug 11
First half 2021 earnings released: EPS NT$0.20 (vs NT$0.04 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$310.4m (up 3.7% from 1H 2020). Net income: NT$22.4m (up 403% from 1H 2020). Profit margin: 7.2% (up from 1.5% in 1H 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 27
Full year 2020 earnings released: NT$0.37 loss per share (vs NT$0.28 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$544.5m (down 4.4% from FY 2019). Net loss: NT$41.4m (loss widened 26% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 20
New 90-day high: NT$6.48 The company is up 33% from its price of NT$4.86 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period. Annonce • Feb 20
Advance Materials Corporation, Annual General Meeting, May 13, 2021 Advance Materials Corporation, Annual General Meeting, May 13, 2021. Is New 90 Day High Low • Jan 22
New 90-day high: NT$5.39 The company is up 5.0% from its price of NT$5.15 on 23 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.