Price Target Changed • 10h
Price target increased by 15% to NT$225 Up from NT$196, the current price target is an average from 4 analysts. New target price is 23% above last closing price of NT$182. Stock is down 0.5% over the past year. The company is forecast to post earnings per share of NT$8.03 for next year compared to NT$5.46 last year. Reported Earnings • Aug 14
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: NT$2.01 (up from NT$0.72 in 2Q 2025). Revenue: NT$5.22b (up 12% from 2Q 2025). Net income: NT$753.3m (up 180% from 2Q 2025). Profit margin: 14% (up from 5.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.2% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$210, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 37x in the Aerospace & Defense industry in Asia. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$343 per share. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$204, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 38x in the Aerospace & Defense industry in Asia. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$239 per share. Declared Dividend • Jun 28
Dividend increased to NT$5.00 Dividend of NT$5.00 is 11% higher than last year. Ex-date: 13th July 2026 Payment date: 31st July 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 26% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 26% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 19
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: NT$2.58 (up from NT$1.49 in 1Q 2025). Revenue: NT$4.74b (up 13% from 1Q 2025). Net income: NT$965.6m (up 73% from 1Q 2025). Profit margin: 20% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Mar 17
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: NT$5.46 (up from NT$4.91 in FY 2024). Revenue: NT$18.2b (up 12% from FY 2024). Net income: NT$2.04b (up 11% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Aerospace & Defense industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 12
Evergreen Aviation Technologies Corporation, Annual General Meeting, May 26, 2026 Evergreen Aviation Technologies Corporation, Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: 10 floor no,11, chung shan s. rd., taipei city Taiwan Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$177, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 48x in the Aerospace & Defense industry in Asia. Total returns to shareholders of 141% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$159 per share. Price Target Changed • Nov 26
Price target increased by 7.1% to NT$191 Up from NT$179, the current price target is an average from 4 analysts. New target price is 23% above last closing price of NT$156. Stock is up 65% over the past year. The company is forecast to post earnings per share of NT$5.53 for next year compared to NT$4.90 last year. Reported Earnings • Nov 17
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: NT$1.95 (up from NT$1.07 in 3Q 2024). Revenue: NT$4.49b (up 11% from 3Q 2024). Net income: NT$731.8m (up 82% from 3Q 2024). Profit margin: 16% (up from 10.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 14
Now 24% undervalued Over the last 90 days, the stock has risen 50% to NT$152. The fair value is estimated to be NT$199, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. Revenue is forecast to grow by 12% in a year. Earnings are forecast to grow by 55% in the next year. Buy Or Sell Opportunity • Sep 26
Now 21% undervalued Over the last 90 days, the stock has risen 51% to NT$159. The fair value is estimated to be NT$202, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.7%. Revenue is forecast to grow by 12% in a year. Earnings are forecast to grow by 55% in the next year. Price Target Changed • Aug 17
Price target increased by 12% to NT$170 Up from NT$151, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$173. Stock is up 75% over the past year. The company is forecast to post earnings per share of NT$5.50 for next year compared to NT$4.90 last year. Reported Earnings • Aug 15
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: NT$0.72 (down from NT$1.34 in 2Q 2024). Revenue: NT$4.67b (up 17% from 2Q 2024). Net income: NT$268.8m (down 47% from 2Q 2024). Profit margin: 5.8% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Aerospace & Defense industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Aug 12
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from NT$18.1b to NT$18.5b. EPS estimate fell from NT$6.19 to NT$5.55 per share. Net income forecast to grow 30% next year vs 44% growth forecast for Aerospace & Defense industry in Taiwan. Consensus price target up from NT$139 to NT$161. Share price rose 12% to NT$161 over the past week. Buy Or Sell Opportunity • Aug 07
Now 23% undervalued Over the last 90 days, the stock has risen 43% to NT$152. The fair value is estimated to be NT$197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 28% in the next year. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$132, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 40x in the Aerospace & Defense industry in Asia. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$198 per share. Declared Dividend • Jun 26
Dividend of NT$4.50 announced Dividend of NT$4.50 is the same as last year. Ex-date: 9th July 2025 Payment date: 31st July 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 31% per year over the past 3 years and payments have been stable during that time. Earnings per share is expected to grow by 28% over the next year, which should maintain adequate earnings cover for the dividend. Price Target Changed • Jun 14
Price target decreased by 8.6% to NT$139 Down from NT$152, the current price target is an average from 2 analysts. New target price is 27% above last closing price of NT$110. Stock is down 3.1% over the past year. The company is forecast to post earnings per share of NT$6.19 for next year compared to NT$4.90 last year. Annuncio • May 30
Evergreen Aviation Technologies Corporation Resolves to Distribute 2024 Cash Dividends The Board of Directors of Evergreen Aviation Technologies Corporation had resolved to distribute 2024 Cash Dividends NTD 4.5 per share pursuant to the Articles of Incorporation on Mar. 10, 2025. Price Target Changed • May 20
Price target increased by 13% to NT$152 Up from NT$135, the current price target is an average from 2 analysts. New target price is 39% above last closing price of NT$109. Stock is down 2.7% over the past year. The company is forecast to post earnings per share of NT$6.19 for next year compared to NT$4.90 last year. Reported Earnings • May 15
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: NT$1.49 (up from NT$1.36 in 1Q 2024). Revenue: NT$4.19b (up 13% from 1Q 2024). Net income: NT$557.8m (up 9.6% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Aerospace & Defense industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • May 13
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$6.93 to NT$6.04 per share. Revenue forecast steady at NT$18.3b. Net income forecast to grow 23% next year vs 44% growth forecast for Aerospace & Defense industry in Taiwan. Consensus price target up from NT$135 to NT$138. Share price rose 2.9% to NT$108 over the past week. Annuncio • May 03
Evergreen Aviation Technologies Corporation to Report Q1, 2025 Results on May 12, 2025 Evergreen Aviation Technologies Corporation announced that they will report Q1, 2025 results on May 12, 2025 Major Estimate Revision • Apr 16
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$17.8b to NT$18.1b. EPS estimate increased from NT$6.18 to NT$6.93 per share. Net income forecast to grow 41% next year vs 31% growth forecast for Aerospace & Defense industry in Taiwan. Consensus price target of NT$135 unchanged from last update. Share price rose 17% to NT$101 over the past week. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$85.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 31x in the Aerospace & Defense industry in Asia. Total returns to shareholders of 32% over the past three years. New Risk • Mar 25
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 107% Dividend yield: 4.2% 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. This is currently the only risk that has been identified for the company. Annuncio • Mar 14
Evergreen Aviation Technologies Corporation, Annual General Meeting, May 29, 2025 Evergreen Aviation Technologies Corporation, Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 10 floor no,11, chung shan s. rd., taipei city Taiwan Annuncio • Mar 01
Evergreen Aviation Technologies Corporation to Report Q4, 2024 Results on Mar 10, 2025 Evergreen Aviation Technologies Corporation announced that they will report Q4, 2024 results on Mar 10, 2025 Annuncio • Dec 27
Evergreen Aviation Technologies Corporation Announces President Changes, Effective January 01, 2025 Evergreen Aviation Technologies Corporation announced that Mr. Shieh, Shin-Wen will replace Mr. Lee, Wei-Chang as President, effective January 1, 2025. Shieh, Shin-Wen is Executive Vice President of Evergreen Aviation Technologies Corp. Reason for the change is Retirement. Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: NT$1.07 (down from NT$1.67 in 3Q 2023). Revenue: NT$4.03b (up 2.2% from 3Q 2023). Net income: NT$402.1m (down 36% from 3Q 2023). Profit margin: 10.0% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Aerospace & Defense industry in Taiwan. Annuncio • Nov 02
Evergreen Aviation Technologies Corporation to Report Q3, 2024 Results on Nov 11, 2024 Evergreen Aviation Technologies Corporation announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: NT$1.34 (down from NT$1.69 in 2Q 2023). Revenue: NT$3.98b (up 5.1% from 2Q 2023). Net income: NT$503.1m (down 21% from 2Q 2023). Profit margin: 13% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Aerospace & Defense industry in Taiwan. Price Target Changed • Aug 08
Price target decreased by 8.1% to NT$131 Down from NT$142, the current price target is an average from 2 analysts. New target price is 36% above last closing price of NT$95.80. Stock is down 15% over the past year. The company is forecast to post earnings per share of NT$5.20 for next year compared to NT$4.95 last year. Annuncio • Jul 31
Evergreen Aviation Technologies Corporation to Report Q2, 2024 Results on Aug 07, 2024 Evergreen Aviation Technologies Corporation announced that they will report Q2, 2024 results on Aug 07, 2024 Declared Dividend • Jun 28
Dividend increased to NT$4.50 Dividend of NT$4.50 is 13% higher than last year. Ex-date: 11th July 2024 Payment date: 31st July 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 50% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 2.9% over the next year, which should provide support to the dividend and adequate earnings cover. Annuncio • Jun 01
Evergreen Aviation Technologies Corporation Approves Cash Dividend for the Year 2023 Evergreen Aviation Technologies Corporation announced that at the AGM held on May 31, 2024 approved to distribute 2023 Cash Dividends TWD 4.5 per share pursuant to the Articles of Incorporation on March 11, 2024. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: NT$1.36 (vs NT$0.84 in 1Q 2023) First quarter 2024 results: EPS: NT$1.36 (up from NT$0.84 in 1Q 2023). Revenue: NT$3.70b (up 12% from 1Q 2023). Net income: NT$508.9m (up 70% from 1Q 2023). Profit margin: 14% (up from 9.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Aerospace & Defense industry in Taiwan. Annuncio • Apr 28
Evergreen Aviation Technologies Corporation to Report Q1, 2024 Results on May 06, 2024 Evergreen Aviation Technologies Corporation announced that they will report Q1, 2024 results on May 06, 2024 New Risk • Mar 28
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 93% Dividend yield: 4.1% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 93% Minor Risk Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Reported Earnings • Mar 26
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: NT$4.95 (up from NT$4.48 in FY 2022). Revenue: NT$14.8b (up 25% from FY 2022). Net income: NT$1.83b (up 16% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Aerospace & Defense industry in Taiwan. Price Target Changed • Mar 15
Price target decreased by 13% to NT$140 Down from NT$160, the current price target is an average from 2 analysts. New target price is 32% above last closing price of NT$106. Stock is up 18% over the past year. The company is forecast to post earnings per share of NT$5.00 for next year compared to NT$4.48 last year. Annuncio • Mar 12
Evergreen Aviation Technologies Corporation, Annual General Meeting, May 31, 2024 Evergreen Aviation Technologies Corporation, Annual General Meeting, May 31, 2024. Location: Conference Room 801 on the 8th floor, International Convention Center of Chang Yung-Fa Foundation No.11, Zhongshan S. Road Taipei City Taiwan Agenda: To consider Business Report of the year 2023; to consider Audit Committee's Review Report of the year 2023; to consider 2023 Compensation of Employees and Directors Report; to consider 2023 Directors' Remuneration Report; to consider 2023 Cash Dividend Distribution Report; to consider ratification of the 2023 Business Report and Audited Financial Report; to consider Ratification of the 2023 Earnings Distribution; and to consider other matters. Reported Earnings • Aug 12
Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations Second quarter 2023 results: EPS: NT$1.69 (up from NT$1.45 in 2Q 2022). Revenue: NT$3.79b (up 23% from 2Q 2022). Net income: NT$634.0m (up 24% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Aerospace & Defense industry in Asia. Buying Opportunity • Jul 10
Now 22% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be NT$142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 63%. Revenue is forecast to grow by 9.3% in a year. Earnings is forecast to decline by 7.5% in the next year. Upcoming Dividend • Jul 03
Upcoming dividend of NT$4.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 28 July 2023. Payout ratio and cash payout ratio are on the higher end at 90% and 81% respectively. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (2.4%). Annuncio • Jun 23
Evergreen Aviation Technologies Corporation Approves the Cash Dividend, Payable on July 28, 2023 Evergreen Aviation Technologies Corporation approved the cash dividend of TWD 4 per share, at the AGM held on June 21, 2023. Ex-rights (ex-dividend) trading date is July 10, 2023. Ex-rights (ex-dividend) record date is July 16, 2023. Payment date of cash dividend distribution is July 28, 2023. Buying Opportunity • Jun 16
Now 20% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be NT$139, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 63%. Revenue is forecast to grow by 9.3% in a year. Earnings is forecast to decline by 7.5% in the next year. Buying Opportunity • May 25
Now 22% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be NT$140, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 63%. Revenue is forecast to grow by 9.3% in a year. Earnings is forecast to decline by 7.5% in the next year. Reported Earnings • May 16
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: NT$0.84 (down from NT$1.15 in 1Q 2022). Revenue: NT$3.31b (up 14% from 1Q 2022). Net income: NT$299.4m (down 26% from 1Q 2022). Profit margin: 9.0% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Aerospace & Defense industry in Asia. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$123, the stock trades at a trailing P/E ratio of 27.3x. Average forward P/E is 27x in the Aerospace & Defense industry in Taiwan. Total returns to shareholders of 63% over the past year. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: NT$4.48 (vs NT$2.50 in FY 2021) Full year 2022 results: EPS: NT$4.48 (up from NT$2.50 in FY 2021). Revenue: NT$11.8b (up 23% from FY 2021). Net income: NT$1.58b (up 80% from FY 2021). Profit margin: 13% (up from 9.2% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Nov 16
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: NT$3.07b (up 27% from 3Q 2021). Net income: NT$621.7m (up 180% from 3Q 2021). Profit margin: 20% (up from 9.2% in 3Q 2021). The increase in margin was driven by higher revenue. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (6 non-independent directors). Director Guowei Zhang is the most experienced director on the board, commencing their role in 2022. Independent Director Yongqiang Zhou was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 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$79.00, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 58x in the Aerospace & Defense industry in Taiwan. 
