Reported Earnings • May 13
First quarter 2026 earnings released: EPS: NT$0.001 (vs NT$0.56 in 1Q 2025) First quarter 2026 results: EPS: NT$0.001 (down from NT$0.56 in 1Q 2025). Revenue: NT$338.0m (down 15% from 1Q 2025). Net income: NT$40.0k (down 100% from 1Q 2025). Profit margin: 0% (down from 6.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Annuncio • Mar 12
ASolid Technology Co., Ltd., Annual General Meeting, Jun 16, 2026 ASolid Technology Co., Ltd., Annual General Meeting, Jun 16, 2026. Location: no,9, huan k`o 1st rd., jhubei city, hsinchu county Taiwan Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$0.71 (vs NT$1.25 loss in FY 2024) Full year 2025 results: EPS: NT$0.71 (up from NT$1.25 loss in FY 2024). Revenue: NT$1.47b (up 17% from FY 2024). Net income: NT$32.2m (up NT$88.7m from FY 2024). Profit margin: 2.2% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.97b (US$94.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.97b market cap, or US$94.6m). Reported Earnings • Nov 12
Third quarter 2025 earnings released: NT$0.63 loss per share (vs NT$0.097 profit in 3Q 2024) Third quarter 2025 results: NT$0.63 loss per share (down from NT$0.097 profit in 3Q 2024). Revenue: NT$323.6m (down 4.8% from 3Q 2024). Net loss: NT$28.5m (down NT$32.9m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. New Risk • Sep 25
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 Risk Earnings have declined by 22% 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$2.93b market cap, or US$96.2m). Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.25 loss per share (vs NT$0.22 loss in 2Q 2024) Second quarter 2025 results: NT$0.25 loss per share (further deteriorated from NT$0.22 loss in 2Q 2024). Revenue: NT$333.0m (up 3.9% from 2Q 2024). Net loss: NT$11.2m (loss widened 12% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 09
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 16 July 2025. Payment date: 15 August 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.3%). Annuncio • Jun 20
Asolid Technology Co., Ltd. Announces Cash Dividend, Payable on August 15, 2025 ASolid Technology Co., Ltd. announced cash dividend of TWD 0.5 per share or TWD 22,623,504. Ex-rights (Ex-dividend) date is July 16, 2025. Ex-rights (Ex-dividend) record date is July 22, 2025. Payment date of cash dividend distribution is August 15, 2025. Declared Dividend • Jun 20
Dividend of NT$0.50 announced Shareholders will receive a dividend of NT$0.50. Ex-date: 16th July 2025 Payment date: 15th August 2025 Dividend yield will be 0.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (46% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$0.56 (vs NT$0.86 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.56 (up from NT$0.86 loss in 1Q 2024). Revenue: NT$397.0m (up 54% from 1Q 2024). Net income: NT$25.5m (up NT$63.8m from 1Q 2024). Profit margin: 6.4% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Annuncio • May 01
ASolid Technology Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 ASolid Technology Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Mar 19
New major risk - Revenue and earnings growth Earnings have declined by 4.9% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 4.9% per year over the past 5 years. Annuncio • Mar 12
ASolid Technology Co., Ltd., Annual General Meeting, Jun 18, 2025 ASolid Technology Co., Ltd., Annual General Meeting, Jun 18, 2025. Location: no,9, huan k`o 1st rd., jhubei city, hsinchu county Taiwan Annuncio • Mar 04
ASolid Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025 ASolid Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025 New Risk • Jan 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 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 Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. 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$2.26b market cap, or US$68.9m). Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.10 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.10 (down from NT$0.10 in 3Q 2023). Revenue: NT$340.0m (down 25% from 3Q 2023). Net income: NT$4.38m (down 3.8% from 3Q 2023). Profit margin: 1.3% (up from 1.0% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.22 loss per share (vs NT$0.90 profit in 2Q 2023) Second quarter 2024 results: NT$0.22 loss per share (down from NT$0.90 profit in 2Q 2023). Revenue: NT$320.4m (down 28% from 2Q 2023). Net loss: NT$10.0m (down 125% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annuncio • Aug 06
ASolid Technology Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024 ASolid Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Jul 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.23b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 336% Paying a dividend despite having no free cash flows. High level of non-cash earnings (64% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (NT$3.23b market cap, or US$98.3m). Declared Dividend • Jun 23
Dividend reduced to NT$1.20 Dividend of NT$1.20 is 70% lower than last year. Ex-date: 17th July 2024 Payment date: 16th August 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (336% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 273% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 12
First quarter 2024 earnings released: NT$0.86 loss per share (vs NT$0.78 profit in 1Q 2023) First quarter 2024 results: NT$0.86 loss per share (down from NT$0.78 profit in 1Q 2023). Revenue: NT$258.2m (down 33% from 1Q 2023). Net loss: NT$38.3m (down 210% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annuncio • May 09
ASolid Technology Co., Ltd. announced a financing transaction ASolid Technology Co., Ltd. announced a private placement of 3,900,000 common shares on May 7, 2024. The transaction has been approved by the shareholders of the company. Annuncio • May 02
ASolid Technology Co., Ltd. to Report Q1, 2024 Results on May 07, 2024 ASolid Technology Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 07, 2024 Annuncio • Mar 29
ASolid Technology Co., Ltd., Annual General Meeting, Jun 20, 2024 ASolid Technology Co., Ltd., Annual General Meeting, Jun 20, 2024. Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: NT$2.00 (vs NT$9.71 in FY 2022) Full year 2023 results: EPS: NT$2.00 (down from NT$9.71 in FY 2022). Revenue: NT$1.68b (down 12% from FY 2022). Net income: NT$89.1m (down 79% from FY 2022). Profit margin: 5.3% (down from 22% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$122, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 350% over the past three years. Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: NT$0.90 (vs NT$2.96 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.90 (down from NT$2.96 in 2Q 2022). Revenue: NT$447.5m (down 11% from 2Q 2022). Net income: NT$40.1m (down 69% from 2Q 2022). Profit margin: 9.0% (down from 26% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 12
Upcoming dividend of NT$4.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 16 August 2023. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Board Change • Jun 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Emily Wu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$100.00, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 378% over the past three years. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: NT$9.71 (vs NT$12.20 in FY 2021) Full year 2022 results: EPS: NT$9.71 (down from NT$12.20 in FY 2021). Revenue: NT$1.92b (down 1.5% from FY 2021). Net income: NT$426.6m (down 14% from FY 2021). Profit margin: 22% (down from 26% in FY 2021). The decrease in margin was primarily driven by higher expenses. 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 52% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: NT$1.88 (vs NT$4.03 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.88 (down from NT$4.03 in 3Q 2021). Revenue: NT$443.2m (down 19% from 3Q 2021). Net income: NT$83.2m (down 49% from 3Q 2021). Profit margin: 19% (down from 30% 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 88% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 16% share price gain to NT$66.90, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$56.30, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 79% over the past three years. Upcoming Dividend • Sep 05
Upcoming dividend of NT$4.98 per share Eligible shareholders must have bought the stock before 12 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (3.7%). Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: NT$2.96 (vs NT$2.58 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.96 (up from NT$2.58 in 2Q 2021). Revenue: NT$503.0m (up 11% from 2Q 2021). Net income: NT$130.3m (up 25% from 2Q 2021). Profit margin: 26% (up from 23% 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 91% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 05
ASolid Technology Co., Ltd. Announces Cash Dividend, Payable on September 30, 2022 ASolid Technology Co., Ltd. announced cash dividend of TWD 219,972,540 or TWD 4.982163 per share, ex-rights (Ex-dividend) date is September 12, 2022, ex-rights (Ex-dividend) record date is September 18, 2022 and payment date of cash dividend distribution is September 30, 2022. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 19% share price gain to NT$88.30, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 160% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$88.90, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 176% over the past three years. Reported Earnings • May 04
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$3.25 (up from NT$1.21 in 1Q 2021). Revenue: NT$544.0m (up 53% from 1Q 2021). Net income: NT$141.3m (up 192% from 1Q 2021). Profit margin: 26% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: NT$12.20 (up from NT$0.82 in FY 2020). Revenue: NT$1.95b (up 108% from FY 2020). Net income: NT$496.7m (up NT$464.3m from FY 2020). Profit margin: 26% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Annuncio • Jan 30
ASolid Technology Co., Ltd. Announces Resignation of Walker Chen as Natural-Person Director ASolid Technology Co., Ltd. announced resignation of natural-person director. Title and name of the previous position holder: director Walker Chen. The effective date of resignation is Feb. 1, 2022. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$4.03 (vs NT$0.19 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$546.4m (up 116% from 3Q 2020). Net income: NT$163.1m (up NT$155.7m from 3Q 2020). Profit margin: 30% (up from 2.9% 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 51% per year whereas the company’s share price has increased by 48% per year. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 16% share price gain to NT$123, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 234% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$106, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 204% over the past three years. Upcoming Dividend • Sep 03
Upcoming dividend of NT$0.49 per share Eligible shareholders must have bought the stock before 10 September 2021. Payment date: 30 September 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 19% share price gain to NT$151, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 295% over the past three years. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$148, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 312% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$2.58 (vs NT$0.061 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$454.8m (up 190% from 2Q 2020). Net income: NT$104.3m (up NT$106.7m from 2Q 2020). Profit margin: 23% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 19% share price gain to NT$150, the stock trades at a trailing P/E ratio of 76.3x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 258% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 15% share price gain to NT$116, the stock trades at a trailing P/E ratio of 59.2x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$98.20, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 105% over the past three years. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$1.21 (vs NT$0.082 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$356.6m (up 57% from 1Q 2020). Net income: NT$48.4m (up NT$45.1m from 1Q 2020). Profit margin: 14% (up from 1.4% 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 35% per year whereas the company’s share price has increased by 32% per year. Annuncio • May 08
ASolid Technology Co., Ltd. announced a financing transaction ASolid Technology Co., Ltd announced a private placement of not more than 3,900,000 common shares on May 7, 2021. The transaction was approved by the board of the company. Annuncio • Mar 20
ASolid Technology Co., Ltd., Annual General Meeting, Jun 22, 2021 ASolid Technology Co., Ltd., Annual General Meeting, Jun 22, 2021. Location: No.2, Zhanye 1st Rd., East Dist Hsinchu City Taiwan Agenda: To consider 2020 business report; to the audit committee's review report; to 2020 directors' and employees' remuneration; to discussion of amendments to the company's rules of procedure for board of directors meetings codes of ethical conduct ethical corporate management best practice principles; to 2020 business report and financial statements; to 2020 earnings distribution proposal; to discussion of amendments to the company's articles of incorporation; and to consider other matter. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS NT$0.82 (vs NT$1.55 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$939.6m (down 13% from FY 2019). Net income: NT$32.4m (down 47% from FY 2019). Profit margin: 3.4% (down from 5.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 27
New 90-day high: NT$93.50 The company is up 202% from its price of NT$31.00 on 27 November 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 17% share price gain to NT$38.10, the stock is trading at a trailing P/E ratio of 65.1x, up from the previous P/E ratio of 55.9x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total return to shareholders over the past three years is a loss of 1.8%. Is New 90 Day High Low • Jan 15
New 90-day high: NT$37.10 The company is up 51% from its price of NT$24.55 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: NT$32.30 The company is up 34% from its price of NT$24.10 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 21% over the same period. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 17% share price gain to NT$31.00, the stock is trading at a trailing P/E ratio of 53x, up from the previous P/E ratio of 45.4x. This compares to an average P/E of 23x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years were flat. Reported Earnings • Nov 10
Third quarter 2020 earnings released: EPS NT$0.19 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$252.7m (down 8.6% from 3Q 2019). Net income: NT$7.42m (down 67% from 3Q 2019). Profit margin: 2.9% (down from 8.0% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 09
New 90-day high: NT$26.05 The company is up 5.0% from its price of NT$24.80 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 Semiconductor industry, which is up 3.0% over the same period.