New Risk • Jun 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.13b (US$98.9m) 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. Dividend per share is over 10x earnings per share. Cash payout ratio: 199% Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.13b market cap, or US$98.9m). Reported Earnings • May 11
First quarter 2026 earnings released: EPS: NT$0.12 (vs NT$0.091 in 1Q 2025) First quarter 2026 results: EPS: NT$0.12 (up from NT$0.091 in 1Q 2025). Revenue: NT$581.6m (up 1.5% from 1Q 2025). Net income: NT$16.6m (up 30% from 1Q 2025). Profit margin: 2.9% (up from 2.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Mar 06
Full year 2025 earnings released: NT$0.34 loss per share (vs NT$1.00 profit in FY 2024) Full year 2025 results: NT$0.34 loss per share (down from NT$1.00 profit in FY 2024). Revenue: NT$2.31b (down 9.8% from FY 2024). Net loss: NT$47.2m (down 133% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Mar 06
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Cash payout ratio: 144% Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.51b market cap, or US$78.7m). Annuncio • Feb 26
Edison Opto Corporation, Annual General Meeting, May 28, 2026 Edison Opto Corporation, Annual General Meeting, May 28, 2026. Location: r floor no,17, ch`iao huo rd., jhonghe district, new taipei city Taiwan New Risk • Nov 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Cash payout ratio: 226% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.48b market cap, or US$79.0m). Reported Earnings • Nov 10
Third quarter 2025 earnings released: NT$0.18 loss per share (vs NT$0.22 profit in 3Q 2024) Third quarter 2025 results: NT$0.18 loss per share (down from NT$0.22 profit in 3Q 2024). Revenue: NT$568.0m (down 16% from 3Q 2024). Net loss: NT$24.9m (down 181% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Aug 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.6% Last year net profit margin: 4.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (NT$2.57b market cap, or US$86.0m). Upcoming Dividend • Jun 26
Upcoming dividend of NT$0.74 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 30 July 2025. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.3%). Buy Or Sell Opportunity • Jun 10
Now 21% overvalued Over the last 90 days, the stock has fallen 22% to NT$19.15. The fair value is estimated to be NT$15.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 23%. Declared Dividend • Jun 07
Dividend increased to NT$0.74 Dividend of NT$0.74 is 48% higher than last year. Ex-date: 3rd July 2025 Payment date: 30th July 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 49% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • May 29
Edison Opto Corporation Approves Election of Tseng-Nan Chou as Independent Director Edison Opto Corporation announced that at its AGM held on May 28, 2025, the shareholders approved election of Tseng-Nan Chou as independent director of the company. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.20 in 1Q 2024) First quarter 2025 results: EPS: NT$0.09 (down from NT$0.20 in 1Q 2024). Revenue: NT$572.8m (up 6.2% from 1Q 2024). Net income: NT$12.8m (down 54% from 1Q 2024). Profit margin: 2.2% (down from 5.1% 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 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Annuncio • May 01
Edison Opto Corporation to Report Q1, 2025 Results on May 08, 2025 Edison Opto Corporation announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$22.55, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 27% over the past three years. New Risk • Mar 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$94.9m) 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.15b market cap, or US$94.9m). Buy Or Sell Opportunity • Mar 25
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to NT$26.70. The fair value is estimated to be NT$21.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years, while earnings per share has been flat. Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: NT$0.99 (vs NT$0.35 in FY 2023) Full year 2024 results: EPS: NT$0.99 (up from NT$0.35 in FY 2023). Revenue: NT$2.56b (up 28% from FY 2023). Net income: NT$141.9m (up 199% from FY 2023). Profit margin: 5.5% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 27
Edison Opto Corporation, Annual General Meeting, May 28, 2025 Edison Opto Corporation, Annual General Meeting, May 28, 2025. Location: r floor no,17, ch`iao huo rd., jhonghe district, new taipei city Taiwan Annuncio • Feb 19
Edison Opto Corporation to Report Fiscal Year 2024 Results on Feb 26, 2025 Edison Opto Corporation announced that they will report fiscal year 2024 results on Feb 26, 2025 New Risk • Jan 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.27b (US$98.7m) 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.27b market cap, or US$98.7m). New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.11 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.22 (up from NT$0.11 in 3Q 2023). Revenue: NT$675.2m (up 27% from 3Q 2023). Net income: NT$30.7m (up 101% from 3Q 2023). Profit margin: 4.5% (up from 2.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Oct 25
Edison Opto Corporation to Report Q3, 2024 Results on Nov 01, 2024 Edison Opto Corporation announced that they will report Q3, 2024 results on Nov 01, 2024 Annuncio • Oct 15
An undisclosed buyer agreed to acquire an unknown minority stake in Edison Opto Corporation (TWSE:3591) from Lighting Investment Corporation for TWD 309.31 million. An undisclosed buyer agreed to acquire 7.66% stake in Edison Opto Corporation (TWSE:3591) from Lighting Investment Corporation for TWD 309.31 million on October 14, 2024. A cash consideration valued at TWD 28.39 per share will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Edison Opto Corporation. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$29.05, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 63% over the past three years. Annuncio • Aug 10
Edison Opto Corporation announced that it expects to receive TWD 3 billion in funding EDISON OPTO CORPORATION announced a private placement to issue Zero Coupon Series 4 Unsecured Convertible Bonds for the gross proceeds of TWD 3,000,000,000 on August 9, 2024. The transaction has been approved by shareholders and bears zero coupon rate and matures in 3 years. New Risk • Aug 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$99.4m) 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 111% Dividend per share is over 5x cash flows per share. Minor Risks Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (NT$3.26b market cap, or US$99.4m). Annuncio • Aug 01
Edison Opto Corporation to Report Q2, 2024 Results on Aug 08, 2024 Edison Opto Corporation announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 22 July 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.0%). Annuncio • Jun 01
Edison Opto Corporation Announces Dividend for 2023, Payable on July 22, 2024 Edison Opto Corporation Announced dividend payment date for 2023. Cash dividends to shareholders TWD 0.5 per share and total amount of cash dividend TWD 71,054,718. Ex-rights (ex-dividend) trading date: June 27, 2024. Ex-rights (ex-dividend) record date:5 July2024. Payment date of common stock cash dividend distribution is July 22, 2024. Declared Dividend • Jun 01
Dividend of NT$0.50 announced Shareholders will receive a dividend of NT$0.50. Ex-date: 27th June 2024 Payment date: 22nd July 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio) nor is it covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 59% to bring the payout ratio under control, which is more than the 6.1% EPS growth achieved over the last 5 years. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: NT$0.19 (vs NT$0.097 in 1Q 2023) First quarter 2024 results: EPS: NT$0.19 (up from NT$0.097 in 1Q 2023). Revenue: NT$539.5m (up 20% from 1Q 2023). Net income: NT$27.6m (up 118% from 1Q 2023). Profit margin: 5.1% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Apr 27
Edison Opto Corporation to Report Q1, 2024 Results on May 02, 2024 Edison Opto Corporation announced that they will report Q1, 2024 results on May 02, 2024 New Risk • Apr 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.25b (US$99.5m) 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: Minor Risks Shareholders have been diluted in the past year (8.6% increase in shares outstanding). Market cap is less than US$100m (NT$3.25b market cap, or US$99.5m). Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: NT$0.35 (vs NT$0.20 in FY 2022) Full year 2023 results: EPS: NT$0.35 (up from NT$0.20 in FY 2022). Revenue: NT$1.99b (up 8.1% from FY 2022). Net income: NT$47.5m (up 85% from FY 2022). Profit margin: 2.4% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Annuncio • Mar 01
Edison Opto Corporation, Annual General Meeting, May 30, 2024 Edison Opto Corporation, Annual General Meeting, May 30, 2024. Location: R-floor, No. 17, Qiaohe Road, Zhonghe District, New Taipei City Taipei Taiwan Agenda: To consider 2023 business report; to Audit Committee's report of 2023 audited financial reports; to 2023 distributable compensation for employees and directors; to Peport remuneration policy of director and managerial personnel; to Report execution situation of the company repurchase Edison common stocks; to Status of implementation of the third domestic secured convertible bonds; to Amend the Company's ”Rule of Procedure for Board of Directors' Meeting; to Amend the Company's ”Sustainable Development Best Practice Principles; to The Company's 2023 Business Report and Financial Statements ; and to consider other matters if any. New Risk • Nov 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Shareholders have been diluted in the past year (7.6% increase in shares outstanding). New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: NT$0.10 (vs NT$0.12 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.10 (down from NT$0.12 in 2Q 2022). Revenue: NT$477.7m (up 1.9% from 2Q 2022). Net income: NT$13.1m (down 16% from 2Q 2022). Profit margin: 2.7% (down from 3.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 03
Upcoming dividend of NT$0.29 per share at 1.1% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 03 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%). 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. 5 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Yin-Fei Liu was the last independent director to join the board, commencing their role in 2019. 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 • Nov 06
Third quarter 2022 earnings released: EPS: NT$0.15 (vs NT$0.19 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.15 (down from NT$0.19 in 3Q 2021). Revenue: NT$454.5m (down 6.4% from 3Q 2021). Net income: NT$20.0m (down 18% from 3Q 2021). Profit margin: 4.4% (down from 5.0% 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 91% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$14.20, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 20% over the past three years. Upcoming Dividend • Aug 17
Upcoming dividend of NT$0.28 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 28 September 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (3.5%). Reported Earnings • Aug 08
Second quarter 2022 earnings released: EPS: NT$0.12 (vs NT$0.31 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.12 (down from NT$0.31 in 2Q 2021). Revenue: NT$469.0m (down 19% from 2Q 2021). Net income: NT$15.5m (down 58% from 2Q 2021). Profit margin: 3.3% (down from 6.3% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 26% share price gain to NT$16.65, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 17% over the past three years. Reported Earnings • May 07
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$0.13 (down from NT$0.29 in 1Q 2021). Revenue: NT$474.3m (down 12% from 1Q 2021). Net income: NT$16.5m (down 51% from 1Q 2021). Profit margin: 3.5% (down from 6.2% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: NT$1.00 (up from NT$0.35 in FY 2020). Revenue: NT$2.11b (up 11% from FY 2020). Net income: NT$120.3m (up 185% from FY 2020). Profit margin: 5.7% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.22 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$485.4m (up 1.5% from 3Q 2020). Net income: NT$24.5m (down 5.0% from 3Q 2020). Profit margin: 5.0% (down from 5.4% in 3Q 2020). 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 whereas the company’s share price has increased by 16% per year. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$579.2m (up 20% from 2Q 2020). Net income: NT$36.6m (up 188% from 2Q 2020). Profit margin: 6.3% (up from 2.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 06
Upcoming dividend of NT$0.32 per share Eligible shareholders must have bought the stock before 13 August 2021. Payment date: 08 September 2021. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 15% share price gain to NT$29.00, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 16% share price gain to NT$25.50, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 50% over the past three years. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.29 (vs NT$0.066 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$541.5m (up 9.1% from 1Q 2020). Net income: NT$33.8m (up NT$41.7m from 1Q 2020). Profit margin: 6.2% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 17% share price gain to NT$24.90, the stock trades at a trailing P/E ratio of 70.3x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 60% over the past three years. Annuncio • Mar 03
Edison Opto Corporation, Annual General Meeting, May 25, 2021 Edison Opto Corporation, Annual General Meeting, May 25, 2021. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS NT$0.35 (vs NT$2.39 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$1.90b (down 16% from FY 2019). Net income: NT$42.2m (up NT$328.5m from FY 2019). Profit margin: 2.2% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 29
New 90-day high: NT$17.35 The company is up 54% from its price of NT$11.25 on 30 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: NT$15.75 The company is up 32% from its price of NT$11.90 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: NT$12.65 The company is up 10.0% from its price of NT$11.55 on 14 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 6.0% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.22 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$478.4m (down 10% from 3Q 2019). Net income: NT$25.8m (up NT$31.7m from 3Q 2019). Profit margin: 5.4% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% 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. 