Reported Earnings • Aug 12
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: NT$1.24 (up from NT$0.70 in 2Q 2025). Revenue: NT$20.0b (up 9.8% from 2Q 2025). Net income: NT$1.48b (up 78% from 2Q 2025). Profit margin: 7.4% (up from 4.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$218, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 412% over the past three years. New Risk • Jul 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$200, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 383% over the past three years. Annonce • Jul 09
Compeq Manufacturing Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 731.85 million. Compeq Manufacturing Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 731.85 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 3,570,000
Price\Range: TWD 205 Upcoming Dividend • May 26
Upcoming dividend of NT$2.80 per share Eligible shareholders must have bought the stock before 02 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 76%. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$278, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 568% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$127 per share. Reported Earnings • May 09
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: NT$1.00. Revenue: NT$19.5b (up 17% from 1Q 2025). Net income: NT$1.50b (up 14% from 1Q 2025). Profit margin: 7.7% (down from 7.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. Major Estimate Revision • May 08
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$83.5b to NT$90.4b. EPS estimate increased from NT$6.83 to NT$8.04 per share. Net income forecast to grow 46% next year vs 41% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$136 to NT$154. Share price rose 3.7% to NT$254 over the past week. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$214, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 427% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$108 per share. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$263, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 541% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$111 per share. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$222, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 464% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$111 per share. Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: NT$5.51 (vs NT$4.70 in FY 2024) Full year 2025 results: EPS: NT$5.51 (up from NT$4.70 in FY 2024). Revenue: NT$76.0b (up 4.9% from FY 2024). Net income: NT$6.57b (up 17% from FY 2024). Profit margin: 8.6% (up from 7.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 65% per year, which means it is well ahead of earnings. Declared Dividend • Mar 08
Dividend increased to NT$2.80 Dividend of NT$2.80 is 17% higher than last year. Ex-date: 2nd June 2026 Payment date: 26th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$226, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 458% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$195 per share. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$177, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 343% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$191 per share. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$111, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$186 per share. Price Target Changed • Jan 05
Price target increased by 8.0% to NT$103 Up from NT$95.40, the current price target is an average from 4 analysts. New target price is 9.2% above last closing price of NT$94.30. Stock is up 35% over the past year. The company is forecast to post earnings per share of NT$5.34 for next year compared to NT$4.70 last year. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$102, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$169 per share. New Risk • Dec 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 6.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Nov 08
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: NT$1.81 (up from NT$1.51 in 3Q 2024). Revenue: NT$20.0b (flat on 3Q 2024). Net income: NT$2.16b (up 20% from 3Q 2024). Profit margin: 11% (up from 8.9% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$83.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$134 per share. Price Target Changed • Aug 20
Price target increased by 7.3% to NT$76.75 Up from NT$71.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$73.20. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of NT$5.25 for next year compared to NT$4.70 last year. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$0.70 (vs NT$0.97 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.70 (down from NT$0.97 in 2Q 2024). Revenue: NT$18.2b (up 7.8% from 2Q 2024). Net income: NT$831.3m (down 28% from 2Q 2024). Profit margin: 4.6% (down from 6.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • May 27
Upcoming dividend of NT$2.40 per share Eligible shareholders must have bought the stock before 03 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.4%). Annonce • May 01
Compeq Manufacturing Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Compeq Manufacturing Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 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$49.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years. Reported Earnings • Mar 15
Full year 2024 earnings: Revenues in line with analyst expectations Full year 2024 results: Revenue: NT$72.5b (up 8.0% from FY 2023). Net income: NT$5.60b (up 34% from FY 2023). Profit margin: 7.7% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Declared Dividend • Mar 08
Dividend increased to NT$2.40 Dividend of NT$2.40 is 60% higher than last year. Ex-date: 3rd June 2025 Payment date: 27th June 2025 Dividend yield will be 3.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jan 25
Compeq Manufacturing Co., Ltd. Announces the Change of Chief Information Security Officer, Effective February 01, 2025 Compeq Manufacturing Co., Ltd. announced the change of Chief Information Security Officer. Name, title, and resume of the previous position holder: BOOLEAN CHEN Director of the Information Engingeering Division and Chief information security officer at COMPEQ MANUFACTURING CO., LTD. Name, title, and resume of the new position holder: Dean Liu Director of the Information Engingeering Division at COMPEQ MANUFACTURING CO., LTD. Reason for the change: retirement. Effective date: February 01, 2025. Price Target Changed • Nov 20
Price target decreased by 13% to NT$84.67 Down from NT$97.33, the current price target is an average from 3 analysts. New target price is 38% above last closing price of NT$61.20. Stock is down 5.4% over the past year. The company is forecast to post earnings per share of NT$4.69 for next year compared to NT$3.50 last year. Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: NT$1.51 (up from NT$1.41 in 3Q 2023). Revenue: NT$20.2b (up 3.1% from 3Q 2023). Net income: NT$1.80b (up 7.0% from 3Q 2023). Profit margin: 8.9% (up from 8.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Aug 10
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: NT$0.97 (up from NT$0.50 in 2Q 2023). Revenue: NT$16.9b (up 22% from 2Q 2023). Net income: NT$1.15b (up 92% from 2Q 2023). Profit margin: 6.8% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$65.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 78% over the past three years. Annonce • Aug 01
Compeq Manufacturing Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Compeq Manufacturing Co., Ltd. announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Aug 08, 2024 Price Target Changed • Jul 31
Price target increased by 20% to NT$96.00 Up from NT$79.75, the current price target is an average from 4 analysts. New target price is 24% above last closing price of NT$77.60. Stock is up 74% over the past year. The company is forecast to post earnings per share of NT$5.51 for next year compared to NT$3.50 last year. Buy Or Sell Opportunity • Jul 12
Now 21% undervalued Over the last 90 days, the stock has risen 6.2% to NT$87.00. The fair value is estimated to be NT$110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 33% in the next year. Annonce • May 31
Compeq Manufacturing Co., Ltd. Announces Appointment of Ming Chuan Ko as Independent Director Compeq Manufacturing Co., Ltd. in its Annual General Shareholders' Meeting of 2024 elected Ming Chuan Ko as Independent Director. Effective date of appointment is May 30, 2024. Resume of Ming Chuan Ko is Vice President of First Bank, Independent Director of COMPEQ Manufacturing Co., Ltd. and Managing Director of Mega International Commercial Bank Co., Ltd. Reason for the change: To elect one additional Independent Director. Upcoming Dividend • May 27
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.9%). Reported Earnings • May 12
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: NT$0.83 (up from NT$0.30 in 1Q 2023). Revenue: NT$15.6b (up 15% from 1Q 2023). Net income: NT$992.9m (up 178% from 1Q 2023). Profit margin: 6.4% (up from 2.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 03
Compeq Manufacturing Co., Ltd. to Report Q1, 2024 Results on May 09, 2024 Compeq Manufacturing Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024 New Risk • Mar 27
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 6.1% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin). Buy Or Sell Opportunity • Mar 19
Now 21% undervalued Over the last 90 days, the stock has risen 13% to NT$81.00. The fair value is estimated to be NT$103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 6.6%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 88% in the next 2 years. Reported Earnings • Mar 13
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: NT$3.50 (down from NT$6.71 in FY 2022). Revenue: NT$67.1b (down 12% from FY 2022). Net income: NT$4.17b (down 48% from FY 2022). Profit margin: 6.2% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. 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 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$74.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$121 per share. Price Target Changed • Nov 27
Price target increased by 18% to NT$63.75 Up from NT$54.00, the current price target is an average from 4 analysts. New target price is 8.5% below last closing price of NT$69.70. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$3.70 for next year compared to NT$6.71 last year. New Risk • Nov 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 5.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Price Target Changed • Sep 19
Price target increased by 10% to NT$54.00 Up from NT$49.00, the current price target is an average from 4 analysts. New target price is 5.1% below last closing price of NT$56.90. Stock is up 17% over the past year. The company is forecast to post earnings per share of NT$3.42 for next year compared to NT$6.71 last year. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$57.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$87.59 per share. Reported Earnings • Aug 11
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: NT$0.50 (down from NT$1.21 in 2Q 2022). Revenue: NT$13.9b (down 15% from 2Q 2022). Net income: NT$599.9m (down 58% from 2Q 2022). Profit margin: 4.3% (down from 8.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 10
Now 21% undervalued Over the last 90 days, the stock is up 6.9%. The fair value is estimated to be NT$56.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 1.5% in 2 years. Earnings is forecast to decline by 9.4% in the next 2 years. Annonce • Jun 16
Compeq Manufacturing Company Limited Announces Remuneration Committee Changes Compeq Manufacturing Company Limited announced the appointment of Y.C. Huang, Independent Director as Member of Remuneration Committee in place of Tung Chun Huang, Independent Director. Changes are effective from June 15, 2023. Major Estimate Revision • Jun 12
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$4.36 to NT$3.91 per share. Revenue forecast steady at NT$67.7b. Net income forecast to shrink 22% next year vs 7.1% decline forecast for Electronic industry in Taiwan. Consensus price target reaffirmed at NT$46.33. Share price was steady at NT$43.80 over the past week. Major Estimate Revision • May 19
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$4.96 to NT$4.36 per share. Revenue forecast steady at NT$68.1b. Net income forecast to shrink 35% next year vs 12% decline forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$46.33. Share price rose 3.4% to NT$43.50 over the past week. Price Target Changed • Apr 25
Price target decreased by 17% to NT$47.00 Down from NT$56.50, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$41.55. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$4.96 for next year compared to NT$6.71 last year. Upcoming Dividend • Apr 06
Upcoming dividend of NT$2.70 per share at 5.8% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (4.5%). Reported Earnings • Mar 18
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: NT$6.71 (up from NT$4.31 in FY 2021). Revenue: NT$76.4b (up 21% from FY 2021). Net income: NT$8.00b (up 56% from FY 2021). Profit margin: 11% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year. Annonce • Nov 26
Compeq Manufacturing Co., Ltd. Announces Dimissal the Company's List of Director/Supervisor Compeq Manufacturing Co., Ltd. announced dimissal the Company's list of Director/Supervisor. Date of occurrence of the change: November 24, 2022.Elected or changed position: Director/Supervisor. Title and name of the previous position holder: Chairperson /Wu, PO-I ¡F Director/CHIANG, PEI-KUN¡FDirector/YU, KUO-HUA¡F Supervisor/LU,FAN. Resume of the previous position holder: Chairperson /Wu, PO-I ¡F Director/CHIANG, PEI-KUN¡F Director/YU, KUO-HUA¡F Supervisor/LU,FAN. Title and name of the new position holder: None. Resume of the new position holder: None. Circumstances of change: dismissal. Annonce • Nov 25
Compeq Manufacturing Co., Ltd. Announces Dismissal of Lin, Chih-Chiu as Principal Financial Officer Compeq Manufacturing Co., Ltd. announced dismissal of Lin, Chih-Chiu as Principal financial officer, Effective after registration. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: NT$2.11 (up from NT$1.31 in 3Q 2021). Revenue: NT$21.7b (up 24% from 3Q 2021). Net income: NT$2.51b (up 61% from 3Q 2021). Profit margin: 12% (up from 8.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Tzu Kuan Chiu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: NT$2.11 (up from NT$1.31 in 3Q 2021). Revenue: NT$21.7b (up 24% from 3Q 2021). Net income: NT$2.51b (up 61% from 3Q 2021). Profit margin: 12% (up from 8.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Nov 11
Compeq Manufacturing Co., Ltd. Announces Change to the Principal Accounting Officer Compeq Manufacturing Co., Ltd. announced that Chiung Yin Fang, Specialist, Finance Department replaced Y.M Wu, Accounting Manager as principal accounting officer, effective from November 10, 2022. Reported Earnings • Aug 08
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: NT$1.21 (up from NT$0.52 in 2Q 2021). Revenue: NT$16.3b (up 32% from 2Q 2021). Net income: NT$1.44b (up 134% from 2Q 2021). Profit margin: 8.8% (up from 5.0% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 5.9%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 17% share price gain to NT$49.65, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$38.00 per share. Price Target Changed • May 24
Price target increased to NT$53.75 Up from NT$49.68, the current price target is an average from 4 analysts. New target price is 12% above last closing price of NT$47.95. Stock is up 31% over the past year. The company is forecast to post earnings per share of NT$5.46 for next year compared to NT$4.31 last year. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 20% share price gain to NT$49.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 135% over the past three years. Reported Earnings • May 14
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$1.58 (up from NT$0.78 in 1Q 2021). Revenue: NT$17.5b (up 31% from 1Q 2021). Net income: NT$1.89b (up 102% from 1Q 2021). Profit margin: 11% (up from 6.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Over the next year, revenue is forecast to grow 7.5%, compared to a 9.8% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzu Kuan Chiu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 31
Upcoming dividend of NT$1.80 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.7%). 
