Valuation Update With 7 Day Price Move • 51m
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$64.90, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 43x in the Electronic industry in Taiwan. Total returns to shareholders of 94% over the past three years. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.95 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.95 in 1Q 2025). Revenue: NT$17.1b (up 19% from 1Q 2025). Net income: NT$358.2m (up 62% from 1Q 2025). Profit margin: 2.1% (up from 1.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$60.50, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 30x in the Electronic industry in Taiwan. Total returns to shareholders of 85% over the past three years. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$3.02 (vs NT$3.02 in FY 2024) Full year 2025 results: EPS: NT$3.02. Revenue: NT$47.4b (up 3.2% from FY 2024). Net income: NT$708.2m (flat on FY 2024). Profit margin: 1.5% (in line with FY 2024). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$41.95, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 31% over the past three years. Annonce • Mar 13
Alltek Technology Corporation, Annual General Meeting, Jun 12, 2026 Alltek Technology Corporation, Annual General Meeting, Jun 12, 2026. Location: 1 floor no,399, jui kuang rd., neihu district, taipei city Taiwan Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: NT$1.27 (vs NT$1.05 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.27 (up from NT$1.05 in 3Q 2024). Revenue: NT$11.7b (down 14% from 3Q 2024). Net income: NT$299.4m (up 23% from 3Q 2024). Profit margin: 2.6% (up from 1.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Aug 18
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shuen-Zen Liu was the last independent director to join the board, commencing their role in 2024. 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 • Aug 15
Second quarter 2025 earnings released: NT$0.64 loss per share (vs NT$0.82 profit in 2Q 2024) Second quarter 2025 results: NT$0.64 loss per share (down from NT$0.82 profit in 2Q 2024). Revenue: NT$9.42b (down 18% from 2Q 2024). Net loss: NT$151.2m (down 179% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 05
Upcoming dividend of NT$2.48 per share Eligible shareholders must have bought the stock before 12 August 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%). Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.95 (vs NT$0.51 in 1Q 2024) First quarter 2025 results: EPS: NT$0.95 (up from NT$0.51 in 1Q 2024). Revenue: NT$14.4b (up 33% from 1Q 2024). Net income: NT$221.4m (up 88% from 1Q 2024). Profit margin: 1.5% (up from 1.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Apr 30
Alltek Technology Corporation to Report Q1, 2025 Results on May 07, 2025 Alltek Technology Corporation announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$32.45, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 13% over the past three years. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: NT$3.02 (vs NT$2.61 in FY 2023) Full year 2024 results: EPS: NT$3.02 (up from NT$2.61 in FY 2023). Revenue: NT$45.9b (down 18% from FY 2023). Net income: NT$702.5m (up 18% from FY 2023). Profit margin: 1.5% (up from 1.1% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annonce • Mar 13
Alltek Technology Corporation, Annual General Meeting, Jun 17, 2025 Alltek Technology Corporation, Annual General Meeting, Jun 17, 2025. Location: 1 floor no,399, jui kuang rd., neihu district, taipei city Taiwan Annonce • Mar 05
Alltek Technology Corporation to Report Fiscal Year 2024 Results on Mar 12, 2025 Alltek Technology Corporation announced that they will report fiscal year 2024 results on Mar 12, 2025 Buy Or Sell Opportunity • Feb 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to NT$40.40. The fair value is estimated to be NT$33.05, 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. Earnings per share has declined by 16%. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$1.05 (vs NT$1.01 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.05 (up from NT$1.01 in 3Q 2023). Revenue: NT$13.5b (down 5.3% from 3Q 2023). Net income: NT$244.1m (up 5.8% from 3Q 2023). Profit margin: 1.8% (up from 1.6% in 3Q 2023). The increase in margin 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 13% per year, which means it is well ahead of earnings. New Risk • Nov 08
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: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). 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). Annonce • Nov 05
Alltek Technology Corporation to Report Q3, 2024 Results on Nov 12, 2024 Alltek Technology Corporation announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: NT$0.82 (vs NT$0.48 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.82 (up from NT$0.48 in 2Q 2023). Revenue: NT$11.5b (down 14% from 2Q 2023). Net income: NT$191.2m (up 77% from 2Q 2023). Profit margin: 1.7% (up from 0.8% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annonce • Jul 31
Alltek Technology Corporation to Report Q2, 2024 Results on Aug 06, 2024 Alltek Technology Corporation announced that they will report Q2, 2024 results on Aug 06, 2024 Upcoming Dividend • Jul 25
Upcoming dividend of NT$2.10 per share Eligible shareholders must have bought the stock before 01 August 2024. Payment date: 21 August 2024. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.7%). Buy Or Sell Opportunity • Jul 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.4% to NT$37.15. The fair value is estimated to be NT$30.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 3.3%. Declared Dividend • Jul 06
Dividend reduced to NT$2.10 Dividend of NT$2.10 is 41% lower than last year. Ex-date: 1st August 2024 Payment date: 21st August 2024 Dividend yield will be 5.6%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$0.51 (vs NT$0.56 in 1Q 2023) First quarter 2024 results: EPS: NT$0.51 (down from NT$0.56 in 1Q 2023). Revenue: NT$10.8b (down 30% from 1Q 2023). Net income: NT$117.7m (down 5.1% from 1Q 2023). Profit margin: 1.1% (up from 0.8% in 1Q 2023). The increase in margin was driven by lower expenses. 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 14% per year, which means it is well ahead of earnings. Annonce • May 01
Alltek Technology Corporation to Report Q1, 2024 Results on May 07, 2024 Alltek Technology Corporation announced that they will report Q1, 2024 results on May 07, 2024 Buy Or Sell Opportunity • Apr 26
Now 20% overvalued Over the last 90 days, the stock has fallen 2.8% to NT$34.10. The fair value is estimated to be NT$28.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.6%. Buy Or Sell Opportunity • Apr 17
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at NT$34.60. The fair value is estimated to be NT$28.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.6%. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: NT$2.61 (vs NT$5.01 in FY 2022) Full year 2023 results: EPS: NT$2.61 (down from NT$5.01 in FY 2022). Revenue: NT$56.0b (down 7.3% from FY 2022). Net income: NT$596.1m (down 45% from FY 2022). Profit margin: 1.1% (down from 1.8% in FY 2022). The decrease in margin was driven by lower revenue. 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 15% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 14
Alltek Technology Corporation, Annual General Meeting, Jun 18, 2024 Alltek Technology Corporation, Annual General Meeting, Jun 18, 2024. Location: 1F., No.399, Ruiguang Road., Neihu District, Taiwan Liberty Square Convention Center, Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's review of the 2023 year-end report; to consider 2023 distribution of remuneration to employees and directors; to consider 2023 profit distribution and cash dividends; to consider 2023 Report of status of the cash distribution from Capital Surplus; to consider on 4th Domestic Unsecured Convertible Bond; to consider Ratification of the 2023 Business Report and Financial Statements; to consider Ratification of the 2023 Earnings Distribution; to consider Election for one director; and to consider Discussion to approve the lifting of non competition restrictions for directors. Annonce • Mar 01
Alltek Technology Corporation Announces the Resignation of Jan,Yih-Yaw as Independent Director, as a Member of the Audit?Remuneration and Sustainable Development Committee Alltek Technology Corporation announced the resignation of JAN,YIH-YAW as Independent director, as a member of the Audit?Remuneration and Sustainable Development Committee. Reason for the change: Resignation due to busy work schedule. Board Change • Sep 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Director Hung-An Chen was the last 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: Insufficient board refreshment. New Risk • Aug 14
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 112% The company is paying a dividend despite having no free cash flows. Dividend yield: 11% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Paying a dividend despite having no free cash flows. High level of non-cash earnings (39% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.48 (vs NT$1.62 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.48 (down from NT$1.62 in 2Q 2022). Revenue: NT$13.4b (down 13% from 2Q 2022). Net income: NT$107.9m (down 69% from 2Q 2022). Profit margin: 0.8% (down from 2.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 25% per year. Upcoming Dividend • Jul 27
Upcoming dividend of NT$3.58 per share at 9.6% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 23 August 2023. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 9.6%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.1%). Annonce • Jun 22
Alltek Technology Corporation Appoints WU, YUH-TWEN as Director Alltek Technology Corporation at its shareholders meeting held on June 21, 2023, announced Newly-elected director namely, WU, YUH-TWEN. Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: NT$5.01 (vs NT$3.75 in FY 2021) Full year 2022 results: EPS: NT$5.01 (up from NT$3.75 in FY 2021). Revenue: NT$60.4b (up 28% from FY 2021). Net income: NT$1.09b (up 34% from FY 2021). Profit margin: 1.8% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 39% per year. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$38.95, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 212% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$1.40 (vs NT$1.05 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.40 (up from NT$1.05 in 3Q 2021). Revenue: NT$15.9b (up 16% from 3Q 2021). Net income: NT$303.8m (up 34% from 3Q 2021). Profit margin: 1.9% (up from 1.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: NT$1.62 (vs NT$0.98 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.62 (up from NT$0.98 in 2Q 2021). Revenue: NT$15.3b (up 31% from 2Q 2021). Net income: NT$350.7m (up 66% from 2Q 2021). Profit margin: 2.3% (up from 1.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Annonce • Aug 12
Alltek Technology Corporation Announces Appointments to Sustainable Development Committee Alltek Technology Corporation announced the setting up Sustainable Development Committee. Name of the new position holder: WU, YI-WING; HSIEH, HUNG-CHANG; JAN,YIH-YAW; WANG, CHUN-HSIAO; HWANG, CHIN-YEONG. Resume of the new position holder: WU,YI-WING: Chairman of the Company; HSIEH,HUNG-CHANG: General Manager of the Company; JAN,YIH-YAW: Independent Director of the Company; WANG,CHUN-HSIAO: Independent Director of the Company; HWANG,CHIN-YEONG: Independent Director of the Company. Effective date of the new members are August 11, 2022. Upcoming Dividend • Jul 14
Upcoming dividend of NT$2.40 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 6.4%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.9%). Reported Earnings • May 14
First quarter 2022 earnings released: EPS: NT$1.32 (vs NT$0.86 in 1Q 2021) First quarter 2022 results: EPS: NT$1.32 (up from NT$0.86 in 1Q 2021). Revenue: NT$14.0b (up 21% from 1Q 2021). Net income: NT$263.7m (up 52% from 1Q 2021). Profit margin: 1.9% (up from 1.5% in 1Q 2021). The increase in margin was driven by higher 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 33% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chin-Yeong Hwang was the last independent director to join the board, commencing their role in 2020. 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 15
Third quarter 2021 earnings released: EPS NT$1.13 (vs NT$0.82 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$13.7b (up 21% from 3Q 2020). Net income: NT$227.1m (up 43% from 3Q 2020). Profit margin: 1.7% (up from 1.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 27
Upcoming dividend of NT$1.40 per share Eligible shareholders must have bought the stock before 03 September 2021. Payment date: 24 September 2021. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$1.12 (vs NT$0.63 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$11.7b (up 21% from 2Q 2020). Net income: NT$211.9m (up 86% from 2Q 2020). Profit margin: 1.8% (up from 1.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$0.92 (vs NT$0.47 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$11.6b (up 22% from 1Q 2020). Net income: NT$173.2m (up 104% from 1Q 2020). Profit margin: 1.5% (up from 0.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS NT$2.51 (vs NT$1.66 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$41.9b (up 6.0% from FY 2019). Net income: NT$461.3m (up 60% from FY 2019). Profit margin: 1.1% (up from 0.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Is New 90 Day High Low • Feb 23
New 90-day high: NT$24.60 The company is up 8.0% from its price of NT$22.75 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: NT$23.70 The company is up 17% from its price of NT$20.20 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.87 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$11.4b (up 5.2% from 3Q 2019). Net income: NT$159.1m (up 31% from 3Q 2019). Profit margin: 1.4% (up from 1.1% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 11
New 90-day high: NT$21.05 The company is up 5.0% from its price of NT$20.10 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period.