Reported Earnings • Apr 22
Full year 2025 earnings released: EPS: NT$0.32 (vs NT$2.33 loss in FY 2024) Full year 2025 results: EPS: NT$0.32 (up from NT$2.33 loss in FY 2024). Revenue: NT$521.8m (up 14% from FY 2024). Net income: NT$9.76m (up NT$79.7m from FY 2024). Profit margin: 1.9% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to NT$62.80, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 38x in the Semiconductor industry in Taiwan. Total returns to shareholders of 22% over the past three years. Annuncio • Mar 20
Saultech Technology Co., Ltd, Annual General Meeting, Jun 25, 2026 Saultech Technology Co., Ltd, Annual General Meeting, Jun 25, 2026. Location: 2 floor no,26, t`ai yuan st., jhubei city, hsinchu county Taiwan New Risk • Mar 17
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 10% 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 (10% average weekly change). Earnings have declined by 51% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (NT$1.53b market cap, or US$48.0m). New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (NT$1.44b market cap, or US$45.8m). Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to NT$60.10, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$54.80, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$49.00, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 39% over the past three years. Reported Earnings • May 04
Full year 2024 earnings released: NT$2.33 loss per share (vs NT$5.35 loss in FY 2023) Full year 2024 results: NT$2.33 loss per share (improved from NT$5.35 loss in FY 2023). Revenue: NT$459.0m (up 187% from FY 2023). Net loss: NT$69.9m (loss narrowed 56% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Annuncio • Mar 28
Saultech Technology Co., Ltd, Annual General Meeting, Jun 26, 2025 Saultech Technology Co., Ltd, Annual General Meeting, Jun 26, 2025. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county Taiwan New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (NT$2.60b market cap, or US$79.0m). New Risk • Jan 23
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 7.9% 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 (7.9% average weekly change). Earnings have declined by 56% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.91b market cap, or US$88.9m). New Risk • Dec 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.08b (US$94.2m) 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 Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (NT$3.08b market cap, or US$94.2m). New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.07b (US$94.1m) 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 Risk Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Revenue is less than US$5m (NT$160m revenue, or US$4.9m). Market cap is less than US$100m (NT$3.07b market cap, or US$94.1m). New Risk • Apr 12
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: NT$160m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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 (9.0% average weekly change). Earnings have declined by 42% per year over the past 5 years. Minor Risk Revenue is less than US$5m (NT$160m revenue, or US$5.0m). Reported Earnings • Apr 12
Full year 2023 earnings released: NT$5.35 loss per share (vs NT$0.57 loss in FY 2022) Full year 2023 results: NT$5.35 loss per share (further deteriorated from NT$0.57 loss in FY 2022). Revenue: NT$160.0m (down 65% from FY 2022). Net loss: NT$160.4m (loss widened NT$143.2m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Annuncio • Mar 26
Saultech Technology Co., Ltd, Annual General Meeting, Jun 13, 2024 Saultech Technology Co., Ltd, Annual General Meeting, Jun 13, 2024. New Risk • Feb 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). Earnings have declined by 28% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (NT$2.42b market cap, or US$76.5m). New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 28% 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 28% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.22b market cap, or US$38.0m). Reported Earnings • Apr 08
Full year 2022 earnings released: NT$0.57 loss per share (vs NT$9.15 profit in FY 2021) Full year 2022 results: NT$0.57 loss per share (down from NT$9.15 profit in FY 2021). Revenue: NT$458.4m (down 40% from FY 2021). Net loss: NT$17.2m (down 107% from profit in FY 2021). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$50.70, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total loss to shareholders of 69% over the past year. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improved over the past week After last week's 16% share price gain to NT$40.90, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total loss to shareholders of 71% over the past year. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$40.65, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total loss to shareholders of 70% over the past year. Buying Opportunity • Sep 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 51%. The fair value is estimated to be NT$60.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has declined by 13%. Reported Earnings • Aug 16
First half 2022 earnings released: EPS: NT$1.47 (vs NT$4.57 in 1H 2021) First half 2022 results: EPS: NT$1.47 (down from NT$4.57 in 1H 2021). Revenue: NT$352.6m (up 5.5% from 1H 2021). Net income: NT$44.0m (down 65% from 1H 2021). Profit margin: 13% (down from 37% in 1H 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorated over the past week After last week's 28% share price decline to NT$50.90, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total loss to shareholders of 61% over the past year. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$80.50, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total loss to shareholders of 41% over the past year. Upcoming Dividend • Jun 20
Upcoming dividend of NT$4.08 per share Eligible shareholders must have bought the stock before 27 June 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (6.2%). Higher than average of industry peers (3.3%). Reported Earnings • May 02
Full year 2021 earnings released: EPS: NT$9.32 (vs NT$4.09 in FY 2020) Full year 2021 results: EPS: NT$9.32 (up from NT$4.09 in FY 2020). Revenue: NT$762.5m (up 66% from FY 2020). Net income: NT$259.2m (up 142% from FY 2020). Profit margin: 34% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 18
First half 2021 earnings released: EPS NT$4.57 (vs NT$1.57 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$334.3m (up 82% from 1H 2020). Net income: NT$124.1m (up 204% from 1H 2020). Profit margin: 37% (up from 22% in 1H 2020). The increase in margin was driven by higher revenue. 
