New Risk • May 15
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: 6.9% Last year net profit margin: 12% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (NT$793.8m market cap, or US$25.2m). Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$0.041 (vs NT$0.88 in 1Q 2025) First quarter 2026 results: EPS: NT$0.041 (down from NT$0.88 in 1Q 2025). Revenue: NT$114.4m (up 1.1% from 1Q 2025). Net income: NT$1.07m (down 95% from 1Q 2025). Profit margin: 0.9% (down from 20% in 1Q 2025). The decrease in margin was driven by higher expenses. 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 5% per year, which means it is significantly lagging earnings growth. New Risk • Apr 04
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$759.5m market cap, or US$23.7m). Annuncio • Mar 16
Orange Electronic Co., Ltd., Annual General Meeting, Jun 24, 2026 Orange Electronic Co., Ltd., Annual General Meeting, Jun 24, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,21, k`o yuan rd., hsi tun district, taichung city Taiwan Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$2.12 (vs NT$1.65 in FY 2024) Full year 2025 results: EPS: NT$2.12 (up from NT$1.65 in FY 2024). Revenue: NT$493.1m (up 21% from FY 2024). Net income: NT$55.9m (up 28% from FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 47% 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 • Nov 19
Third quarter 2025 earnings released: EPS: NT$1.09 (vs NT$0.26 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.09 (up from NT$0.26 in 3Q 2024). Revenue: NT$139.5m (up 48% from 3Q 2024). Net income: NT$28.8m (up 322% from 3Q 2024). Profit margin: 21% (up from 7.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 19
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 26 August 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.7%). Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$35.20, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 16x in the Auto Components industry in Taiwan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Aug 09
Second quarter 2025 earnings released: NT$0.73 loss per share (vs NT$0.52 profit in 2Q 2024) Second quarter 2025 results: NT$0.73 loss per share (down from NT$0.52 profit in 2Q 2024). Revenue: NT$121.2m (up 26% from 2Q 2024). Net loss: NT$17.0m (down 241% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$38.60, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 15x in the Auto Components industry in Taiwan. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to NT$37.50, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 15% over the past three years. New Risk • May 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$1.10b market cap, or US$36.7m). Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.99 (vs NT$0.69 in 1Q 2024) First quarter 2025 results: EPS: NT$0.99 (up from NT$0.69 in 1Q 2024). Revenue: NT$113.1m (up 16% from 1Q 2024). Net income: NT$23.0m (up 44% from 1Q 2024). Profit margin: 20% (up from 16% 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 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$36.15, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 16x in the Auto Components industry in Taiwan. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$25.25, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 14x in the Auto Components industry in Taiwan. Total loss to shareholders of 9.7% over the past three years. Annuncio • Mar 19
Orange Electronic Co., Ltd., Annual General Meeting, Jun 06, 2025 Orange Electronic Co., Ltd., Annual General Meeting, Jun 06, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,21, k`o yuan rd., hsi tun district, taichung city Taiwan Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$1.87 (vs NT$1.06 in FY 2023) Full year 2024 results: EPS: NT$1.87 (up from NT$1.06 in FY 2023). Revenue: NT$406.6m (up 11% from FY 2023). Net income: NT$43.5m (up 76% from FY 2023). Profit margin: 11% (up from 6.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.29 (vs NT$0.49 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.29 (down from NT$0.49 in 3Q 2023). Revenue: NT$94.1m (flat on 3Q 2023). Net income: NT$6.83m (down 41% from 3Q 2023). Profit margin: 7.2% (down from 12% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$0.52 (vs NT$0.30 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.52 (up from NT$0.30 in 2Q 2023). Revenue: NT$96.2m (up 14% from 2Q 2023). Net income: NT$12.1m (up 73% from 2Q 2023). Profit margin: 13% (up from 8.3% in 2Q 2023). The increase in margin was driven by higher revenue. 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 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 09
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 16 July 2024. Payment date: 07 August 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (3.2%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.69 (vs NT$0.24 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.69 (up from NT$0.24 loss in 1Q 2023). Revenue: NT$97.4m (up 37% from 1Q 2023). Net income: NT$16.0m (up NT$21.7m from 1Q 2023). Profit margin: 16% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. 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 12% per year, which means it is well ahead of earnings. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: NT$1.06 (vs NT$1.14 in FY 2022) Full year 2023 results: EPS: NT$1.06 (down from NT$1.14 in FY 2022). Revenue: NT$365.8m (up 2.8% from FY 2022). Net income: NT$24.7m (down 7.4% from FY 2022). Profit margin: 6.7% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses. 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 4% per year, which means it is well ahead of earnings. Annuncio • Mar 19
Orange Electronic Co., Ltd., Annual General Meeting, Jun 21, 2024 Orange Electronic Co., Ltd., Annual General Meeting, Jun 21, 2024. Buy Or Sell Opportunity • Mar 11
Now 21% overvalued Over the last 90 days, the stock has fallen 3.4% to NT$29.40. The fair value is estimated to be NT$24.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Feb 19
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 6.8% to NT$29.95. The fair value is estimated to be NT$24.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Aug 22
Upcoming dividend of NT$1.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 29 August 2023. Payment date: 21 September 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (3.3%). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.30 (vs NT$0.55 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.30 (down from NT$0.55 in 2Q 2022). Revenue: NT$84.0m (down 14% from 2Q 2022). Net income: NT$6.99m (down 45% from 2Q 2022). Profit margin: 8.3% (down from 13% 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 but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: NT$0.08 (vs NT$0.87 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.08 (down from NT$0.87 in 3Q 2021). Revenue: NT$81.8m (down 43% from 3Q 2021). Net income: NT$1.89m (down 91% from 3Q 2021). Profit margin: 2.3% (down from 14% in 3Q 2021). The decrease in margin was driven by lower 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 5% per year, which means it is significantly lagging earnings growth. 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. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chien-Chih Sheng was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 21% share price gain to NT$38.30, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 18x in the Auto Components industry in Taiwan. Total returns to shareholders of 111% over the past three years. Upcoming Dividend • Aug 16
Upcoming dividend of NT$0.90 per share Eligible shareholders must have bought the stock before 23 August 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (6.5%). In line with average of industry peers (2.7%). Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.55 (vs NT$0.31 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.55 (up from NT$0.31 in 2Q 2021). Revenue: NT$98.2m (down 5.8% from 2Q 2021). Net income: NT$12.8m (up 91% from 2Q 2021). Profit margin: 13% (up from 6.4% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 117% 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 • Jun 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$32.30, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 20x in the Auto Components industry in Taiwan. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 22% share price gain to NT$42.65, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 19x in the Auto Components industry in Taiwan. Total returns to shareholders of 191% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$1.04 (vs NT$0.077 in 1Q 2021) First quarter 2022 results: EPS: NT$1.04 (up from NT$0.077 in 1Q 2021). Revenue: NT$115.1m (up 33% from 1Q 2021). Net income: NT$22.1m (up NT$20.5m from 1Q 2021). Profit margin: 19% (up from 1.9% 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 124% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. 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. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chien-Chih Sheng was the last independent director to join the board, commencing their role in 2014. 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 • Mar 29
Full year 2021 earnings released: EPS: NT$2.00 (vs NT$0.24 in FY 2020) Full year 2021 results: EPS: NT$2.00 (up from NT$0.24 in FY 2020). Revenue: NT$458.3m (up 30% from FY 2020). Net income: NT$42.8m (up NT$37.7m from FY 2020). Profit margin: 9.3% (up from 1.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% 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 • Mar 23
Investor sentiment improved over the past week After last week's 18% share price gain to NT$35.30, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 17% share price gain to NT$35.60, the stock trades at a trailing P/E ratio of 24.8x. Average forward P/E is 15x in the Auto Components industry in Taiwan. Total returns to shareholders of 112% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.94 (vs NT$0.53 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$143.9m (up 46% from 3Q 2020). Net income: NT$20.2m (up 78% from 3Q 2020). Profit margin: 14% (up from 12% 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 115% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 16% share price gain to NT$31.90, the stock trades at a trailing P/E ratio of 31.2x. Average forward P/E is 15x in the Auto Components industry in Taiwan. Total returns to shareholders of 79% over the past three years. Upcoming Dividend • Aug 31
Upcoming dividend of NT$0.14 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 04 October 2021. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.6%). Reported Earnings • May 17
First quarter 2021 earnings released: EPS NT$0.08 (vs NT$0.098 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$86.6m (up 9.4% from 1Q 2020). Net income: NT$1.65m (up NT$3.75m from 1Q 2020). Profit margin: 1.9% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$0.24 (vs NT$0.25 in FY 2019) The company reported a mediocre full year result with weaker earnings, although profit margins were flat and revenues improved. Full year 2020 results: Revenue: NT$353.8m (up 2.0% from FY 2019). Net income: NT$5.09m (down 3.7% from FY 2019). Profit margin: 1.4% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 05
New 90-day high: NT$27.70 The company is up 9.0% from its price of NT$25.45 on 04 December 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto Components industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 20
New 90-day low: NT$23.85 The company is down 18% from its price of NT$29.25 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 27
New 90-day low: NT$24.50 The company is down 8.0% from its price of NT$26.70 on 29 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 17% over the same period. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations Revenue exceeded analyst estimates by 5.9%. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.53 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$98.5m (up 7.0% from 3Q 2019). Net income: NT$11.3m (up 125% from 3Q 2019). Profit margin: 12% (up from 5.5% 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 63% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 24
New 90-day high: NT$29.25 The company is up 63% from its price of NT$18.00 on 24 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 5.0% over the same period. Is New 90 Day High Low • Oct 07
New 90-day high: NT$27.00 The company is up 38% from its price of NT$19.60 on 09 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is down 1.0% over the same period.