Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$34.35, the stock trades at a trailing P/E ratio of 61.4x. Average trailing P/E is 41x in the Electronic industry in Taiwan. Total returns to shareholders of 109% over the past three years. Declared Dividend • May 30
Dividend reduced to NT$0.38 Dividend of NT$0.38 is 65% lower than last year. Ex-date: 12th June 2026 Payment date: 8th July 2026 Dividend yield will be 1.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (297% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 12
First quarter 2026 earnings released: NT$0.15 loss per share (vs NT$0.014 profit in 1Q 2025) First quarter 2026 results: NT$0.15 loss per share (down from NT$0.014 profit in 1Q 2025). Revenue: NT$174.7m (flat on 1Q 2025). Net loss: NT$5.35m (down NT$5.83m from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. New Risk • Apr 24
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 9.0% 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 (9.0% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (NT$1.24b market cap, or US$39.4m). Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$36.00, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 118% over the past three years. New Risk • Mar 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 4.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 105% Minor Risks Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (NT$1.08b market cap, or US$34.0m). Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$0.73 (vs NT$1.10 in FY 2024) Full year 2025 results: EPS: NT$0.73 (down from NT$1.10 in FY 2024). Revenue: NT$782.4m (down 1.5% from FY 2024). Net income: NT$25.2m (down 34% from FY 2024). Profit margin: 3.2% (down from 4.8% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Annonce • Mar 10
Y-S Electronic Co., Ltd., Annual General Meeting, May 27, 2026 Y-S Electronic Co., Ltd., Annual General Meeting, May 27, 2026, at 10:00 Taipei Standard Time. Location: 4 floor no,2 ln.10, sec.2 chung fu rd., jhongli district, taoyuan city Taiwan Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.073 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.13 (up from NT$0.073 in 3Q 2024). Revenue: NT$198.5m (down 3.6% from 3Q 2024). Net income: NT$4.52m (up 80% from 3Q 2024). Profit margin: 2.3% (up from 1.2% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$57.70, the stock trades at a trailing P/E ratio of 55.5x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 301% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$56.00, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 314% over the past three years. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$39.90, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 179% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$31.05, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 116% over the past three years. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$0.58 (vs NT$0.38 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.58 (up from NT$0.38 in 2Q 2024). Revenue: NT$216.2m (down 4.7% from 2Q 2024). Net income: NT$19.9m (up 53% from 2Q 2024). Profit margin: 9.2% (up from 5.7% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$23.20, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 64% over the past three years. New Risk • Aug 04
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 6.3% 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 Dividend is not well covered by earnings (131% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (NT$787.1m market cap, or US$26.4m). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$19.05, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 43% over the past three years. Buy Or Sell Opportunity • Jun 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.6% to NT$18.10. The fair value is estimated to be NT$23.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Jun 06
Upcoming dividend of NT$1.10 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 04 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%). Buy Or Sell Opportunity • May 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to NT$18.90. The fair value is estimated to be NT$23.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.28 in 1Q 2024) First quarter 2025 results: EPS: NT$0.01 (down from NT$0.28 in 1Q 2024). Revenue: NT$173.2m (down 2.9% from 1Q 2024). Net income: NT$487.0k (down 95% from 1Q 2024). Profit margin: 0.3% (down from 5.4% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$15.90, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 1.6% over the past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$1.10 (vs NT$1.38 in FY 2023) Full year 2024 results: EPS: NT$1.10 (down from NT$1.38 in FY 2023). Revenue: NT$794.5m (down 4.1% from FY 2023). Net income: NT$38.1m (down 20% from FY 2023). Profit margin: 4.8% (down from 5.8% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Mar 11
Y-S Electronic Co., Ltd., Annual General Meeting, May 27, 2025 Y-S Electronic Co., Ltd., Annual General Meeting, May 27, 2025, at 09:00 Taipei Standard Time. Location: 4 floor no,2 ln.10, sec.2 chung fu rd., jhongli district, taoyuan city Taiwan Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.43 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.07 (down from NT$0.43 in 3Q 2023). Revenue: NT$206.0m (down 11% from 3Q 2023). Net income: NT$2.52m (down 83% from 3Q 2023). Profit margin: 1.2% (down from 6.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 27
Now 21% overvalued Over the last 90 days, the stock has fallen 3.7% to NT$22.25. The fair value is estimated to be NT$18.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$0.38 (vs NT$0.76 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.38 (down from NT$0.76 in 2Q 2023). Revenue: NT$226.7m (flat on 2Q 2023). Net income: NT$13.0m (down 50% from 2Q 2023). Profit margin: 5.7% (down from 12% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 03
Upcoming dividend of NT$1.10 per share Eligible shareholders must have bought the stock before 10 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.6%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.28 (vs NT$0.029 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.28 (up from NT$0.029 loss in 1Q 2023). Revenue: NT$178.5m (up 3.2% from 1Q 2023). Net income: NT$9.59m (up NT$10.6m from 1Q 2023). Profit margin: 5.4% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: NT$1.38 (vs NT$0.76 in FY 2022) Full year 2023 results: EPS: NT$1.38 (up from NT$0.76 in FY 2022). Revenue: NT$828.3m (up 1.3% from FY 2022). Net income: NT$47.7m (up 82% from FY 2022). Profit margin: 5.8% (up from 3.2% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annonce • Mar 14
Y-S Electronic Co., Ltd., Annual General Meeting, Jun 24, 2024 Y-S Electronic Co., Ltd., Annual General Meeting, Jun 24, 2024. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: NT$0.43 (vs NT$0.38 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.43 (up from NT$0.38 in 3Q 2022). Revenue: NT$232.6m (up 8.8% from 3Q 2022). Net income: NT$15.0m (up 14% from 3Q 2022). Profit margin: 6.4% (up from 6.1% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$27.05, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 83% over the past three years. New Risk • Aug 17
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 6.3% 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 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$804.4m market cap, or US$25.1m). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$0.76 (vs NT$0.37 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.76 (up from NT$0.37 in 2Q 2022). Revenue: NT$224.9m (down 3.8% from 2Q 2022). Net income: NT$26.1m (up 104% from 2Q 2022). Profit margin: 12% (up from 5.5% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$20.20, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 50% over the past three years. Upcoming Dividend • Jun 21
Upcoming dividend of NT$0.55 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 June 2023. Payment date: 19 July 2023. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%). Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: NT$0.76 (vs NT$0.68 loss in FY 2021) Full year 2022 results: EPS: NT$0.76 (up from NT$0.68 loss in FY 2021). Revenue: NT$817.8m (down 7.1% from FY 2021). Net income: NT$26.2m (up NT$49.6m from FY 2021). Profit margin: 3.2% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.37 (vs NT$0.097 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.37 (up from NT$0.097 loss in 2Q 2021). Revenue: NT$233.7m (down 4.3% from 2Q 2021). Net income: NT$12.8m (up NT$16.2m from 2Q 2021). Profit margin: 5.5% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2022 earnings released: NT$0.05 loss per share (vs NT$0.20 loss in 1Q 2021) First quarter 2022 results: NT$0.05 loss per share (up from NT$0.20 loss in 1Q 2021). Revenue: NT$192.3m (up 28% from 1Q 2021). Net loss: NT$1.60m (loss narrowed 77% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: NT$0.68 loss per share (down from NT$0.17 profit in FY 2020). Revenue: NT$880.3m (up 18% from FY 2020). Net loss: NT$23.5m (down NT$29.3m from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Third quarter 2021 earnings released: NT$0.20 loss per share (vs NT$0.001 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: NT$247.4m (up 18% from 3Q 2020). Net loss: NT$7.00m (down NT$7.04m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.095 loss per share (vs NT$0.59 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings and control over costs, although revenues were flat. Second quarter 2021 results: Revenue: NT$244.2m (flat on 2Q 2020). Net loss: NT$3.34m (down 117% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 18
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 17 September 2021. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.3%). Reported Earnings • May 17
First quarter 2021 earnings released: NT$0.20 loss per share (vs NT$0.19 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: NT$150.2m (up 19% from 1Q 2020). Net loss: NT$6.82m (loss widened 4.0% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$0.17 (vs NT$0.18 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$748.5m (down 18% from FY 2019). Net income: NT$5.83m (down 7.1% from FY 2019). Profit margin: 0.8% (up from 0.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Annonce • Mar 18
Y-S Electronic Co., Ltd., Annual General Meeting, Jun 22, 2021 Y-S Electronic Co., Ltd., Annual General Meeting, Jun 22, 2021. Is New 90 Day High Low • Jan 22
New 90-day low: NT$14.10 The company is down 7.0% from its price of NT$15.15 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. Is New 90 Day High Low • Dec 22
New 90-day low: NT$14.30 The company is down 7.0% from its price of NT$15.30 on 24 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 13% over the same period.