New Risk • Apr 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$268m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$268m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 60% per year over the past 5 years. Reported Earnings • Apr 02
Full year 2025 earnings released: NT$4.65 loss per share (vs NT$8.05 loss in FY 2024) Full year 2025 results: NT$4.65 loss per share (improved from NT$8.05 loss in FY 2024). Revenue: NT$1.79b (down 22% from FY 2024). Net loss: NT$527.2m (loss narrowed 42% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annonce • Mar 31
Plotech Co.,Ltd, Annual General Meeting, Jun 24, 2026 Plotech Co.,Ltd, Annual General Meeting, Jun 24, 2026. Location: no,33, ta you st. k`eng k`ou li, lujhu district, taoyuan city Taiwan New Risk • Mar 03
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 7.4% 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 Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (NT$1.69b market cap, or US$53.5m). Reported Earnings • Nov 19
Third quarter 2025 earnings released: NT$0.51 loss per share (vs NT$1.61 loss in 3Q 2024) Third quarter 2025 results: NT$0.51 loss per share (improved from NT$1.61 loss in 3Q 2024). Revenue: NT$431.6m (down 17% from 3Q 2024). Net loss: NT$57.2m (loss narrowed 69% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$1.45 loss per share (vs NT$1.93 loss in 2Q 2024) Second quarter 2025 results: NT$1.45 loss per share (improved from NT$1.93 loss in 2Q 2024). Revenue: NT$465.4m (down 20% from 2Q 2024). Net loss: NT$164.8m (loss narrowed 25% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. New Risk • Jun 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 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: Major Risk Earnings have declined by 70% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (NT$1.51b market cap, or US$51.3m). Reported Earnings • May 16
First quarter 2025 earnings released: NT$0.03 loss per share (vs NT$2.45 loss in 1Q 2024) First quarter 2025 results: NT$0.03 loss per share (improved from NT$2.45 loss in 1Q 2024). Revenue: NT$479.6m (down 37% from 1Q 2024). Net loss: NT$3.43m (loss narrowed 99% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Annonce • May 06
Plotech Co.,Ltd to Report Q1, 2025 Results on May 13, 2025 Plotech Co.,Ltd announced that they will report Q1, 2025 results on May 13, 2025 Annonce • Mar 31
Plotech Co.,Ltd, Annual General Meeting, Jun 23, 2025 Plotech Co.,Ltd, Annual General Meeting, Jun 23, 2025. Location: no,33, ta you st. k`eng k`ou li, lujhu district, taoyuan city Taiwan Annonce • Mar 04
Plotech Co.,Ltd to Report Fiscal Year 2024 Results on Mar 11, 2025 Plotech Co.,Ltd announced that they will report fiscal year 2024 results on Mar 11, 2025 New Risk • Feb 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$176m free cash flow). Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 65% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.60b market cap, or US$48.5m). New Risk • Jan 02
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 6.5% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-NT$176m free cash flow). Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$1.79b market cap, or US$54.5m). New Risk • Dec 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$176m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$176m free cash flow). Earnings have declined by 65% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.56b market cap, or US$48.3m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$1.61 loss per share (vs NT$0.64 loss in 3Q 2023) Third quarter 2024 results: NT$1.61 loss per share (further deteriorated from NT$0.64 loss in 3Q 2023). Revenue: NT$519.6m (down 28% from 3Q 2023). Net loss: NT$182.3m (loss widened 150% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$1.93 loss per share (vs NT$0.46 loss in 2Q 2023) Second quarter 2024 results: NT$1.93 loss per share (further deteriorated from NT$0.46 loss in 2Q 2023). Revenue: NT$579.6m (down 18% from 2Q 2023). Net loss: NT$219.3m (loss widened 325% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Annonce • Aug 03
Plotech Co.,Ltd to Report Q2, 2024 Results on Aug 12, 2024 Plotech Co.,Ltd announced that they will report Q2, 2024 results on Aug 12, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: NT$2.45 loss per share (vs NT$0.98 loss in 1Q 2023) First quarter 2024 results: NT$2.45 loss per share (further deteriorated from NT$0.98 loss in 1Q 2023). Revenue: NT$757.7m (up 49% from 1Q 2023). Net loss: NT$277.6m (loss widened 149% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. New Risk • May 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 6.9% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$2.11b market cap, or US$65.0m). Annonce • May 03
Plotech Co.,Ltd to Report Q1, 2024 Results on May 10, 2024 Plotech Co.,Ltd announced that they will report Q1, 2024 results on May 10, 2024 Reported Earnings • Mar 17
Full year 2023 earnings released: NT$3.76 loss per share (vs NT$1.29 loss in FY 2022) Full year 2023 results: NT$3.76 loss per share (further deteriorated from NT$1.29 loss in FY 2022). Revenue: NT$2.57b (down 16% from FY 2022). Net loss: NT$426.6m (loss widened 190% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Annonce • Mar 13
Plotech Co.,Ltd, Annual General Meeting, Jun 14, 2024 Plotech Co.,Ltd, Annual General Meeting, Jun 14, 2024. Location: No. 33 Ta Yeou St., Keng Kou Li, Lu Chu Area Taoyuan City Taiwan Agenda: To consider Audit Committees Report on the Audit of the Companys 2023 Financial Statements; to consider report on the Companys Distribution of Remuneration to Employees and Directors 2023; to consider Election matters; and to transact such other business matters. Reported Earnings • Nov 14
Third quarter 2023 earnings released: NT$0.64 loss per share (vs NT$0.17 loss in 3Q 2022) Third quarter 2023 results: NT$0.64 loss per share (further deteriorated from NT$0.17 loss in 3Q 2022). Revenue: NT$727.1m (down 3.6% from 3Q 2022). Net loss: NT$72.9m (loss widened 277% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Aug 15
New major risk - Revenue and earnings growth Earnings have declined by 9.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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: 114% Paying a dividend despite having no free cash flows. Earnings have declined by 9.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.94b market cap, or US$60.6m). Reported Earnings • Aug 15
Second quarter 2023 earnings released: NT$0.46 loss per share (vs NT$0.086 profit in 2Q 2022) Second quarter 2023 results: NT$0.46 loss per share (down from NT$0.086 profit in 2Q 2022). Revenue: NT$709.5m (down 23% from 2Q 2022). Net loss: NT$51.6m (down NT$61.5m from profit in 2Q 2022). 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. Reported Earnings • Apr 01
Full year 2022 earnings released: NT$1.29 loss per share (vs NT$2.88 profit in FY 2021) Full year 2022 results: NT$1.29 loss per share (down from NT$2.88 profit in FY 2021). Revenue: NT$3.07b (down 17% from FY 2021). Net loss: NT$147.3m (down 140% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Buying Opportunity • Nov 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be NT$23.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$17.15, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 20% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.09 (vs NT$0.70 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.09 (down from NT$0.70 in 2Q 2021). Revenue: NT$922.2m (down 5.1% from 2Q 2021). Net income: NT$9.88m (down 88% from 2Q 2021). Profit margin: 1.1% (down from 8.4% in 2Q 2021). The decrease in margin was primarily 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 only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 06
Upcoming dividend of NT$1.01 per share Eligible shareholders must have bought the stock before 13 July 2022. Payment date: 15 August 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (4.9%). Reported Earnings • May 17
First quarter 2022 earnings released: NT$0.02 loss per share (vs NT$0.69 profit in 1Q 2021) First quarter 2022 results: NT$0.02 loss per share (down from NT$0.69 profit in 1Q 2021). Revenue: NT$904.7m (flat on 1Q 2021). Net loss: NT$2.11m (down 103% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: NT$2.88 (vs NT$2.97 in FY 2020) Full year 2021 results: EPS: NT$2.88. Revenue: NT$3.70b (up 13% from FY 2020). Net income: NT$364.6m (up 5.6% from FY 2020). Profit margin: 9.9% (in line with FY 2020). Upcoming Dividend • Dec 09
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 27 December 2021. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (3.0%). Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.63 (vs NT$0.93 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$937.7m (up 1.0% from 3Q 2020). Net income: NT$80.9m (down 32% from 3Q 2020). Profit margin: 8.6% (down from 13% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 01
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 12 October 2021. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.63 (vs NT$0.42 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$971.7m (up 23% from 2Q 2020). Net income: NT$81.1m (up 47% from 2Q 2020). Profit margin: 8.4% (up from 7.0% 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 69% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.62 (vs NT$0.02 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$909.6m (up 52% from 1Q 2020). Net income: NT$79.6m (up NT$77.0m from 1Q 2020). Profit margin: 8.7% (up from 0.4% 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 65% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$29.30, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 6.1% over the past three years. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS NT$2.67 (vs NT$4.20 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$3.27b (up 7.3% from FY 2019). Net income: NT$345.2m (down 37% from FY 2019). Profit margin: 11% (down from 18% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% 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 21
Plotech Co.,Ltd, Annual General Meeting, Jun 18, 2021 Plotech Co.,Ltd, Annual General Meeting, Jun 18, 2021. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 18% share price gain to NT$32.40, the stock is trading at a trailing P/E ratio of 7.1x, up from the previous P/E ratio of 6x. This compares to an average P/E of 19x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 62%. Is New 90 Day High Low • Feb 10
New 90-day low: NT$27.55 The company is down 3.0% from its price of NT$28.30 on 12 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 23% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: NT$32.95 The company is up 30% from its price of NT$25.35 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 22% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.93 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$928.9m (up 21% from 3Q 2019). Net income: NT$119.6m (up 483% from 3Q 2019). Profit margin: 13% (up from 2.7% 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 59% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 09
New 90-day high: NT$28.30 The company is up 44% from its price of NT$19.70 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period.