Reported Earnings • May 16
First quarter 2026 earnings released: NT$0.20 loss per share (vs NT$0.091 profit in 1Q 2025) First quarter 2026 results: NT$0.20 loss per share (down from NT$0.091 profit in 1Q 2025). Revenue: NT$51.9m (down 17% from 1Q 2025). Net loss: NT$5.66m (down 318% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: NT$0.25 (vs NT$0.31 loss in FY 2024) Full year 2025 results: EPS: NT$0.25 (up from NT$0.31 loss in FY 2024). Revenue: NT$281.0m (up 42% from FY 2024). Net income: NT$7.25m (up NT$16.3m from FY 2024). Profit margin: 2.6% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Annuncio • Mar 09
Mars Semiconductor Corp., Annual General Meeting, Jun 26, 2026 Mars Semiconductor Corp., Annual General Meeting, Jun 26, 2026. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu city Taiwan Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.23 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.01 (up from NT$0.23 loss in 3Q 2024). Revenue: NT$70.9m (up 23% from 3Q 2024). Net income: NT$395.0k (up NT$6.97m from 3Q 2024). Profit margin: 0.6% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.06 loss per share (vs NT$0.22 profit in 2Q 2024) Second quarter 2025 results: NT$0.06 loss per share (down from NT$0.22 profit in 2Q 2024). Revenue: NT$86.6m (up 47% from 2Q 2024). Net loss: NT$1.56m (down 125% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • Jul 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 6.2% 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 Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (NT$1.34b market cap, or US$45.5m). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.25 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.09 (up from NT$0.25 loss in 1Q 2024). Revenue: NT$62.4m (up 98% from 1Q 2024). Net income: NT$2.59m (up NT$9.89m from 1Q 2024). Profit margin: 4.2% (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. Reported Earnings • Apr 02
Full year 2024 earnings released: NT$0.31 loss per share (vs NT$1.03 loss in FY 2023) Full year 2024 results: NT$0.31 loss per share (improved from NT$1.03 loss in FY 2023). Revenue: NT$197.4m (up 1.0% from FY 2023). Net loss: NT$9.05m (loss narrowed 70% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Annuncio • Mar 12
Mars Semiconductor Corp., Annual General Meeting, Jun 20, 2025 Mars Semiconductor Corp., Annual General Meeting, Jun 20, 2025. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu city Taiwan New Risk • Dec 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.28b market cap, or US$39.3m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.23 loss per share (vs NT$0.009 loss in 3Q 2023) Third quarter 2024 results: NT$0.23 loss per share (further deteriorated from NT$0.009 loss in 3Q 2023). Revenue: NT$57.8m (down 5.3% from 3Q 2023). Net loss: NT$6.57m (loss widened NT$6.32m from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. New Risk • Nov 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 6.3% 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 Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$1.29b market cap, or US$39.9m). Upcoming Dividend • Aug 23
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 27 September 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.3%). In line with average of industry peers (2.1%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.066 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.22 (up from NT$0.066 loss in 2Q 2023). Revenue: NT$59.0m (up 19% from 2Q 2023). Net income: NT$6.32m (up NT$8.23m from 2Q 2023). Profit margin: 11% (up from net loss in 2Q 2023). 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 69 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.25 loss per share (vs NT$0.53 loss in 1Q 2023) First quarter 2024 results: NT$0.25 loss per share (improved from NT$0.53 loss in 1Q 2023). Revenue: NT$31.6m (down 7.5% from 1Q 2023). Net loss: NT$7.29m (loss narrowed 52% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Annuncio • Mar 27
Mars Semiconductor Corp., Annual General Meeting, Jun 14, 2024 Mars Semiconductor Corp., Annual General Meeting, Jun 14, 2024. Reported Earnings • Mar 21
Full year 2023 earnings released: NT$1.03 loss per share (vs NT$1.31 profit in FY 2022) Full year 2023 results: NT$1.03 loss per share (down from NT$1.31 profit in FY 2022). Revenue: NT$195.4m (down 38% from FY 2022). Net loss: NT$29.9m (down 189% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. New Risk • Nov 23
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 5.8% 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: Major Risk Earnings have declined by 3.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (NT$1.60b market cap, or US$50.5m). Reported Earnings • Nov 14
Third quarter 2023 earnings released: NT$0.01 loss per share (vs NT$0.62 profit in 3Q 2022) Third quarter 2023 results: NT$0.01 loss per share (down from NT$0.62 profit in 3Q 2022). Revenue: NT$61.1m (down 29% from 3Q 2022). Net loss: NT$254.0k (down 102% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 3.8% 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 Risk Earnings have declined by 3.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (NT$1.35b market cap, or US$41.6m). Upcoming Dividend • Aug 30
Upcoming dividend of NT$0.90 per share at 2.1% yield Eligible shareholders must have bought the stock before 06 September 2023. Payment date: 27 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$0.07 loss per share (vs NT$0.94 profit in 2Q 2022) Second quarter 2023 results: NT$0.07 loss per share (down from NT$0.94 profit in 2Q 2022). Revenue: NT$49.6m (down 51% from 2Q 2022). Net loss: NT$1.91m (down 108% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$54.10, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$61.90, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 12x in the Semiconductor industry in Taiwan. Total loss to shareholders of 28% over the past year. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 21% share price gain to NT$67.50, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total loss to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$51.50, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total loss to shareholders of 34% over the past year. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$63.00, the stock trades at a trailing P/E ratio of 37.2x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total loss to shareholders of 31% over the past year. Reported Earnings • Aug 08
Second quarter 2022 earnings released Second quarter 2022 results: EPS: NT$0.94. Revenue: NT$101.2m (flat on 2Q 2021). Net income: NT$24.2m (up NT$24.2m from 2Q 2021). Profit margin: 24% (up from null in 2Q 2021). Upcoming Dividend • Aug 02
Upcoming dividend of NT$0.75 per share Eligible shareholders must have bought the stock before 09 August 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to NT$64.30, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total loss to shareholders of 38% over the past year. Reported Earnings • Apr 18
Full year 2021 earnings released: EPS: NT$1.29 (vs NT$0.53 in FY 2020) Full year 2021 results: EPS: NT$1.29 (up from NT$0.53 in FY 2020). Revenue: NT$336.1m (up 43% from FY 2020). Net income: NT$33.1m (up 144% from FY 2020). Profit margin: 9.9% (up from 5.8% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 17% share price gain to NT$79.60, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 49% over the past year. Upcoming Dividend • Jul 26
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 02 August 2021. Payment date: 03 September 2021. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (2.2%). Reported Earnings • Apr 28
Full year 2020 earnings released: EPS NT$0.56 (vs NT$0.31 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$234.9m (up 5.3% from FY 2019). Net income: NT$13.6m (up 80% from FY 2019). Profit margin: 5.8% (up from 3.4% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 20
New 90-day high: NT$64.50 The company is up 24% from its price of NT$52.00 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 35% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: NT$57.50 The company is up 19% from its price of NT$48.20 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 22% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: NT$53.80 The company is up 18% from its price of NT$45.49 on 21 August 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.