Reported Earnings • May 06
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.54 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00. Revenue: NT$1.31b (up 21% from 1Q 2025). Net income: NT$239.8m (up 15% from 1Q 2025). Profit margin: 18% (down from 19% in 1Q 2025). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$172, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 41x in the Semiconductor industry in Taiwan. Total returns to shareholders of 251% over the past three years. Annuncio • Mar 09
Winstek Semiconductor Co., Ltd., Annual General Meeting, May 28, 2026 Winstek Semiconductor Co., Ltd., Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: no,8, k`o chi 5th rd., east district, hsinchu city Taiwan Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: NT$5.48 (vs NT$6.23 in FY 2024) Full year 2025 results: EPS: NT$5.48 (down from NT$6.23 in FY 2024). Revenue: NT$4.65b (up 12% from FY 2024). Net income: NT$746.5m (down 12% from FY 2024). Profit margin: 16% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. 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 31% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$145, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 249% over the past three years. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$119, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 202% over the past three years. New Risk • Dec 16
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 6.3% 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 High level of non-cash earnings (40% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$113, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 167% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: NT$1.53 (vs NT$1.28 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.53 (up from NT$1.28 in 3Q 2024). Revenue: NT$1.14b (up 9.3% from 3Q 2024). Net income: NT$208.7m (up 20% from 3Q 2024). Profit margin: 18% (up from 17% in 3Q 2024). 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 29% per year, which means it is well ahead of earnings. New Risk • Aug 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 91% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.7% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. High level of non-cash earnings (47% accrual ratio). Reported Earnings • Jul 30
Second quarter 2025 earnings released: EPS: NT$0.66 (vs NT$1.54 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.66 (down from NT$1.54 in 2Q 2024). Revenue: NT$1.17b (up 15% from 2Q 2024). Net income: NT$90.0m (down 57% from 2Q 2024). Profit margin: 7.7% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Declared Dividend • Jun 13
Dividend reduced to NT$4.60 Dividend of NT$4.60 is 4.2% lower than last year. Ex-date: 30th June 2025 Payment date: 23rd July 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.0%. 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 7.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 05
First quarter 2025 earnings released: EPS: NT$1.54 (vs NT$1.86 in 1Q 2024) First quarter 2025 results: EPS: NT$1.54 (down from NT$1.86 in 1Q 2024). Revenue: NT$1.08b (up 8.3% from 1Q 2024). Net income: NT$209.2m (down 18% from 1Q 2024). Profit margin: 19% (down from 25% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 24
Winstek Semiconductor Co., Ltd. to Report Q1, 2025 Results on May 02, 2025 Winstek Semiconductor Co., Ltd. announced that they will report Q1, 2025 results on May 02, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$78.10, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 157% over the past three years. New Risk • Mar 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 34x cash flows per share). Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$6.23 (vs NT$6.16 in FY 2023) Full year 2024 results: EPS: NT$6.23 (up from NT$6.16 in FY 2023). Revenue: NT$4.17b (up 14% from FY 2023). Net income: NT$848.5m (up 1.0% from FY 2023). Profit margin: 20% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. 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 46% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 27
Winstek Semiconductor Co., Ltd., Annual General Meeting, May 28, 2025 Winstek Semiconductor Co., Ltd., Annual General Meeting, May 28, 2025. Location: no,8, k`o chi 5th rd., east district, hsinchu city Taiwan Annuncio • Feb 19
Winstek Semiconductor Co., Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025 Winstek Semiconductor Co., Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025 Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$118, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 333% over the past three years. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$1.28 (vs NT$1.86 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.28 (down from NT$1.86 in 3Q 2023). Revenue: NT$1.05b (up 8.6% from 3Q 2023). Net income: NT$174.7m (down 31% from 3Q 2023). Profit margin: 17% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 19
Winstek Semiconductor Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Winstek Semiconductor Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Annuncio • Jul 20
Winstek Semiconductor Co., Ltd. to Report Q2, 2024 Results on Jul 29, 2024 Winstek Semiconductor Co., Ltd. announced that they will report Q2, 2024 results on Jul 29, 2024 Upcoming Dividend • Jul 05
Upcoming dividend of NT$4.80 per share Eligible shareholders must have bought the stock before 10 July 2024. Payment date: 05 August 2024. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.0%). Declared Dividend • Jun 21
Dividend reduced to NT$4.80 Dividend of NT$4.80 is 4.0% lower than last year. Ex-date: 10th July 2024 Payment date: 5th August 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Jun 20
Winstek Semiconductor Co., Ltd. Announces Cash Dividend, Payable on August 5, 2024 Winstek Semiconductor Co., Ltd. announced cash dividend of TWD 654,055,963 or TWD 4.8 per share. Ex-rights (Ex-dividend) date: July 10, 2024. Ex-rights (Ex-dividend) record date: July 16, 2024. Payment date of cash dividend distribution: August 5, 2024. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$1.86 (vs NT$1.32 in 1Q 2023) First quarter 2024 results: EPS: NT$1.86 (up from NT$1.32 in 1Q 2023). Revenue: NT$1.00b (up 17% from 1Q 2023). Net income: NT$253.5m (up 41% from 1Q 2023). Profit margin: 25% (up from 21% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: NT$6.16 (vs NT$6.73 in FY 2022) Full year 2023 results: EPS: NT$6.16 (down from NT$6.73 in FY 2022). Revenue: NT$3.67b (down 7.1% from FY 2022). Net income: NT$839.8m (down 8.5% from FY 2022). Profit margin: 23% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 27
Winstek Semiconductor Co., Ltd., Annual General Meeting, May 21, 2024 Winstek Semiconductor Co., Ltd., Annual General Meeting, May 21, 2024. Location: No. 176-5, 6 Ling, Hualung Chung Chun Chiung Lin, 307 Hsi-Chiu Hsien Taiwan Taiwan Agenda: To consider and approve the Business report 2023; to consider and approve the employee and directors compensation; to consider and approve the Audit Committee's review of the 2023 annual final accounting ledgers and statements; and to consider any other matters. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$116, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 369% over the past three years. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: NT$1.86 (vs NT$1.82 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.86 (up from NT$1.82 in 3Q 2022). Revenue: NT$963.2m (flat on 3Q 2022). Net income: NT$253.7m (up 2.2% from 3Q 2022). Profit margin: 26% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 02
Winstek Semiconductor Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Winstek Semiconductor Co., Ltd. announced that they will report Q3, 2023 results at 9:00 AM, Taipei Standard Time on Oct 31, 2023 Buying Opportunity • Oct 31
Now 22% undervalued Over the last 90 days, the stock is up 1.8%. The fair value is estimated to be NT$109, however this is not to be taken as a buy 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 33%. Buying Opportunity • Oct 11
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be NT$108, however this is not to be taken as a buy 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 33%. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$98.60, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 391% over the past three years. Buying Opportunity • Sep 11
Now 23% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be NT$106, however this is not to be taken as a buy 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 33%. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: NT$1.91 (vs NT$2.30 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.91 (down from NT$2.30 in 2Q 2022). Revenue: NT$900.6m (down 19% from 2Q 2022). Net income: NT$259.7m (down 17% from 2Q 2022). Profit margin: 29% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 13
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 6.2% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Upcoming Dividend • Jul 05
Upcoming dividend of NT$5.00 per share at 6.7% yield Eligible shareholders must have bought the stock before 12 July 2023. Payment date: 11 August 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%). Annuncio • Jun 07
Winstek Semiconductor Co., Ltd. Announces Committee Resignations Winstek Semiconductor Co., Ltd. Name and resume of the previous position holder Lin, Min-Kai /Independent Director of Sigurd Microelectronics Corporation; Wei, Jen-Yu /Independent Director of Winstek Semiconductor Co., Ltd. Partner of MagiCapotal Group; Liao, Chin-Yi /remuneration Committee of Winstek Semiconductor Co., Ltd. Reason for the change:Expired dismissal with expiry of the term of board of directors. Effective date of the new member:The new remuneration committee will be announced after the appointment of latest board of directors. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$67.40, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 228% over the past three years. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: NT$6.73 (vs NT$2.89 in FY 2021) Full year 2022 results: EPS: NT$6.73 (up from NT$2.89 in FY 2021). Revenue: NT$3.95b (up 28% from FY 2021). Net income: NT$917.5m (up 133% from FY 2021). Profit margin: 23% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$59.00, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 174% over the past three years. 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. 6 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Min-Kai Lin was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Nov 04
Winstek Semiconductor Co., Ltd. announced that it expects to receive TWD 1.499999956 billion in funding Winstek Semiconductor Co., Ltd. announced a private placement of 7,653,061 common shares at a price of TWD 196 for gross proceeds of TWD 1,499,999,956 on November 2, 2022. The shares have nominal value of TWD 10. The transaction has been approved by the board of directors. The transaction is expected to close on November 8, 2022, to November 28 2022. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: NT$1.82 (vs NT$1.00 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.82 (up from NT$1.00 in 3Q 2021). Revenue: NT$970.4m (up 12% from 3Q 2021). Net income: NT$248.2m (up 83% from 3Q 2021). Profit margin: 26% (up from 16% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$41.85, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 82% over the past three years. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: NT$2.30 (vs NT$0.64 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.30 (up from NT$0.64 in 2Q 2021). Revenue: NT$1.12b (up 59% from 2Q 2021). Net income: NT$313.2m (up 262% from 2Q 2021). Profit margin: 28% (up from 12% 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 22% per year whereas the company’s share price has increased by 23% per year. Upcoming Dividend • Jul 05
Upcoming dividend of NT$2.30 per share Eligible shareholders must have bought the stock before 12 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.0%). Annuncio • Jun 25
Winstek Semiconductor Co., Ltd. Announces Cash Dividend, Payable on August 10, 2022 Winstek Semiconductor Co., Ltd. announced cash dividend of TWD 313,401,816 (TWD 2.30 per share). Ex-rights (Ex-dividend) date is July 12, 2022. Ex-rights (Ex-dividend) record date is July 18, 2022. Payment date of cash dividend distribution is August 10, 2022, at the AGM held on June 24, 2022. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 17% share price gain to NT$42.10, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 90% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: NT$1.67 (vs NT$0.37 in 1Q 2021) First quarter 2022 results: EPS: NT$1.67 (up from NT$0.37 in 1Q 2021). Revenue: NT$971.4m (up 43% from 1Q 2021). Net income: NT$227.8m (up 347% from 1Q 2021). Profit margin: 24% (up from 7.5% 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 11% per year whereas the company’s share price has increased by 14% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Min-Kai Lin was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$2.89 (up from NT$1.54 in FY 2020). Revenue: NT$3.09b (up 18% from FY 2020). Net income: NT$393.9m (up 88% from FY 2020). Profit margin: 13% (up from 8.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Annuncio • Feb 27
Winstek Semiconductor Co., Ltd. Announces Management Changes Winstek Semiconductor Co., Ltd. announced Kevin Liu/Finance Division deputy director/accounting officer replaced Doris Tang/Finance Division controller/financial officer as financial officer, effective date is on February 25, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.00 (vs NT$0.58 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$864.8m (up 22% from 3Q 2020). Net income: NT$136.0m (up 71% from 3Q 2020). Profit margin: 16% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS NT$0.64 (vs NT$0.26 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$701.5m (up 22% from 2Q 2020). Net income: NT$86.5m (up 140% from 2Q 2020). Profit margin: 12% (up from 6.3% in 2Q 2020). 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 increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 22
Upcoming dividend of NT$1.23 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 20 August 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%). Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.015 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$677.3m (up 18% from 1Q 2020). Net income: NT$50.9m (up NT$48.9m from 1Q 2020). Profit margin: 7.5% (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 fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 19% share price gain to NT$36.15, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 5.0% over the past three years. Annuncio • Mar 10
Winstek Semiconductor Co., Ltd., Annual General Meeting, Jun 07, 2021 Winstek Semiconductor Co., Ltd., Annual General Meeting, Jun 07, 2021. Location: No. 176-5, 6 Ling, Hualung Chung Chun, Chiung Lin, 307 Hsi-Chiu Hsien Hsinchu City Taiwan Agenda: To consider the 2020 business report; to consider the Audit Committee's review of the 2020 annual final accounting ledgers and statements; to report on 2020 employees' and directors' remuneration; to report on cash dividends distribution of the 2020 earnings; and to acknowledge the 2020 business report and annual final accounting ledgers and statements. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS NT$1.54 (vs NT$4.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.61b (down 11% from FY 2019). Net income: NT$209.4m (down 63% from FY 2019). Profit margin: 8.0% (down from 19% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 26
New 90-day high: NT$30.60 The company is up 12% from its price of NT$27.40 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: NT$28.30 The company is up 17% from its price of NT$24.20 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: NT$24.35 The company is up 2.0% from its price of NT$23.80 on 12 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 6.0% over the same period. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS NT$0.58 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$711.3m (up 18% from 3Q 2019). Net income: NT$79.4m (up 92% from 3Q 2019). Profit margin: 11% (up from 6.9% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 25
New 90-day low: NT$22.50 The company is down 8.0% from its price of NT$24.35 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 23% over the same period.