Buy Or Sell Opportunity • Jun 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.1% to NT$3,980. The fair value is estimated to be NT$3,251, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 178% in 2 years. Earnings are forecast to grow by 269% in the next 2 years. Declared Dividend • Jun 06
Dividend increased to NT$21.72 Dividend of NT$21.72 is 50% higher than last year. Ex-date: 22nd July 2026 Payment date: 18th August 2026 Dividend yield will be 0.6%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 60%. Cash payout ratio: 91%. Buy Or Sell Opportunity • Jun 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to NT$4,010. The fair value is estimated to be NT$3,313, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 178% in 2 years. Earnings are forecast to grow by 269% in the next 2 years. Major Estimate Revision • May 20
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$32.6b to NT$28.6b. EPS estimate fell from NT$67.06 to NT$56.24 per share. Net income forecast to grow 101% next year vs 60% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$5,110 to NT$4,875. Share price fell 15% to NT$3,000 over the past week. Reported Earnings • May 13
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: NT$9.00. Revenue: NT$5.31b (up 12% from 1Q 2025). Net income: NT$1.40b (up 2.0% from 1Q 2025). Profit margin: 26% (down from 29% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Buy Or Sell Opportunity • May 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to NT$4,015. The fair value is estimated to be NT$3,323, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings are also forecast to grow by 51% per annum over the same time period. New Risk • May 08
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 12% 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. This is currently the only risk that has been identified for the company. Price Target Changed • Apr 23
Price target increased by 12% to NT$4,855 Up from NT$4,317, the current price target is an average from 9 analysts. New target price is 8.9% below last closing price of NT$5,330. Stock is up 479% over the past year. The company is forecast to post earnings per share of NT$65.90 for next year compared to NT$36.75 last year. Buy Or Sell Opportunity • Apr 21
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 132% to NT$5,410. The fair value is estimated to be NT$4,240, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 41% per annum. Earnings are also forecast to grow by 48% per annum over the same time period. 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 12
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: NT$36.75 (up from NT$24.15 in FY 2024). Revenue: NT$20.3b (up 42% from FY 2024). Net income: NT$5.28b (up 54% from FY 2024). Profit margin: 26% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 12
Jentech Precision Industrial Co., Ltd, Annual General Meeting, May 29, 2026 Jentech Precision Industrial Co., Ltd, Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: no,40, k`o chi 1st rd., wen hua li, gueishan district, taoyuan city Taiwan Buy Or Sell Opportunity • Mar 05
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 2.9% to NT$3,150. The fair value is estimated to be NT$2,404, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 144% in 2 years. Earnings are forecast to grow by 224% in the next 2 years. Buy Or Sell Opportunity • Feb 03
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 55% to NT$3,140. The fair value is estimated to be NT$2,516, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 137% in 2 years. Earnings are forecast to grow by 218% in the next 2 years. Price Target Changed • Dec 05
Price target increased by 23% to NT$3,503 Up from NT$2,839, the current price target is an average from 4 analysts. New target price is 14% above last closing price of NT$3,060. Stock is up 103% over the past year. The company is forecast to post earnings per share of NT$36.84 for next year compared to NT$24.15 last year. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$9.49 (vs NT$5.39 in 3Q 2024) Third quarter 2025 results: EPS: NT$9.49 (up from NT$5.39 in 3Q 2024). Revenue: NT$5.07b (up 41% from 3Q 2024). Net income: NT$1.36b (up 76% from 3Q 2024). Profit margin: 27% (up from 21% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 17
Now 20% undervalued Over the last 90 days, the stock has risen 51% to NT$2,235. The fair value is estimated to be NT$2,794, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 137% in 2 years. Earnings are forecast to grow by 219% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$1,915, the stock trades at a trailing P/E ratio of 62.8x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 476% over the past three years. New Risk • Aug 26
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 8.0% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$7.85 (vs NT$6.02 in 2Q 2024) Second quarter 2025 results: EPS: NT$7.85 (up from NT$6.02 in 2Q 2024). Revenue: NT$5.18b (up 52% from 2Q 2024). Net income: NT$1.12b (up 32% from 2Q 2024). Profit margin: 22% (down from 25% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$1,525, the stock trades at a trailing P/E ratio of 53.3x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 326% over the past three years. Upcoming Dividend • Jul 10
Upcoming dividend of NT$14.50 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 18 August 2025. Payout ratio is a comfortable 51% and the cash payout ratio is 80%. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.2%). Declared Dividend • Jun 15
Dividend increased to NT$14.50 Dividend of NT$14.50 is 47% higher than last year. Ex-date: 17th July 2025 Payment date: 18th August 2025 Dividend yield will be 0.9%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 51%. Cash payout ratio: 80%. Annuncio • May 30
Jentech Precision Industrial Co., Ltd Announces Board Elections Jentech Precision Industrial Co. Ltd. announced that at its shareholders meeting held on May 29, 2025, shareholders approved the election of Chung-Hsin Chao and Yung-Tsang Chao as directors. The company also approved the election of Yen-Ling Fang, Pei-Zen Chang and Shen-Kuo Hsu as independent directors. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$9.59 (vs NT$5.06 in 1Q 2024) First quarter 2025 results: EPS: NT$9.59 (up from NT$5.06 in 1Q 2024). Revenue: NT$4.75b (up 66% from 1Q 2024). Net income: NT$1.37b (up 93% from 1Q 2024). Profit margin: 29% (up from 25% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 06
Jentech Precision Industrial Co., Ltd to Report Q1, 2025 Results on May 13, 2025 Jentech Precision Industrial Co., Ltd announced that they will report Q1, 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$1,025, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 213% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$839, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 145% over the past three years. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: NT$24.15 (vs NT$16.59 in FY 2023) Full year 2024 results: EPS: NT$24.15 (up from NT$16.59 in FY 2023). Revenue: NT$14.3b (up 18% from FY 2023). Net income: NT$3.43b (up 49% from FY 2023). Profit margin: 24% (up from 19% 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 20% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 26
Jentech Precision Industrial Co., Ltd, Annual General Meeting, May 29, 2025 Jentech Precision Industrial Co., Ltd, Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: no,40, k`o chi 1st rd., wen hua li, gueishan district, taoyuan city Taiwan Annuncio • Feb 18
Jentech Precision Industrial Co., Ltd to Report Q4, 2024 Results on Feb 25, 2025 Jentech Precision Industrial Co., Ltd announced that they will report Q4, 2024 results on Feb 25, 2025 New Risk • Feb 04
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 8.2% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$1,170, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 238% over the past three years. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$1,545, the stock trades at a trailing P/E ratio of 78.5x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 316% over the past three years. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: NT$5.39 (vs NT$5.39 in 3Q 2023) Third quarter 2024 results: EPS: NT$5.39 (up from NT$5.39 in 3Q 2023). Revenue: NT$3.59b (up 9.7% from 3Q 2023). Net income: NT$770.4m (up 2.1% from 3Q 2023). Profit margin: 21% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Sep 04
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 9.2% 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 Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Shareholders have been diluted in the past year (3.5% increase in shares outstanding). New Risk • Aug 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.5% 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 Share price has been volatile over the past 3 months (9.1% average weekly change). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$1,210, the stock trades at a trailing P/E ratio of 60.9x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 385% over the past three years. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: NT$6.02 (vs NT$4.15 in 2Q 2023) Second quarter 2024 results: EPS: NT$6.02 (up from NT$4.15 in 2Q 2023). Revenue: NT$3.40b (up 20% from 2Q 2023). Net income: NT$851.6m (up 49% from 2Q 2023). Profit margin: 25% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 31
Jentech Precision Industrial Co., Ltd to Report Q2, 2024 Results on Aug 07, 2024 Jentech Precision Industrial Co., Ltd announced that they will report Q2, 2024 results on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$1,065, the stock trades at a trailing P/E ratio of 59.6x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 297% over the past three years. Upcoming Dividend • Jul 03
Upcoming dividend of NT$9.85 per share Eligible shareholders must have bought the stock before 10 July 2024. Payment date: 08 August 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$1,160, the stock trades at a trailing P/E ratio of 64.9x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 351% over the past three years. Annuncio • Jun 25
Jentech Precision Industrial Co., Ltd Announces That Company Adjusts Cash Dividend Ratio Jentech Precision Industrial Co. Ltd. announced that Company adjusts the cash dividend ratio. Type and monetary amount of original dividend distribution: Cash dividends TWD 1,408,168,300, and TWD 10.0 per share. Type and monetary amount of dividend distribution after the change: Cash dividends TWD 1,408,168,300, and TWD 9.85472863 per share. Due to the share exchange with Kenly Precision Industrial Co. Ltd., and cancellation of restricted shares to employees stock awards, the number of outstanding common shares changed accordingly, resulting in the adjustment of cash dividend ratio. According to the March 8, 2024 resolution of the board of directors, the chairman is authorized to adjust the dividend ratio. The adjustment date is on June 24, 2024. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$1,090, the stock trades at a trailing P/E ratio of 61x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 358% over the past three years. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: NT$5.06 (vs NT$3.63 in 1Q 2023) First quarter 2024 results: EPS: NT$5.06 (up from NT$3.63 in 1Q 2023). Revenue: NT$2.86b (up 1.4% from 1Q 2023). Net income: NT$711.0m (up 44% from 1Q 2023). Profit margin: 25% (up from 18% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 05
Jentech Precision Industrial Co., Ltd to Report Q1, 2024 Results on May 10, 2024 Jentech Precision Industrial Co., Ltd announced that they will report Q1, 2024 results on May 10, 2024 Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: NT$16.59 (vs NT$19.54 in FY 2022) Full year 2023 results: EPS: NT$16.59 (down from NT$19.54 in FY 2022). Revenue: NT$12.1b (flat on FY 2022). Net income: NT$2.30b (down 12% from FY 2022). Profit margin: 19% (down from 22% in FY 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 09
Jentech Precision Industrial Co., Ltd, Annual General Meeting, May 30, 2024 Jentech Precision Industrial Co., Ltd, Annual General Meeting, May 30, 2024, at 09:00 Taipei Standard Time. Location: No.40, Keji 1st Rd., Guishan Dist., Taoyuan City Taoyuan City Taiwan Agenda: To consider Business and Financial Report of 2023 ; to Audit Committee's review of the 2023 annual final accounting ledgers and statements ; to Report on 2023 employees' and directors' remuneration; to Distribution of 2023 Earnings Report; to Investment in Mainland China ; to Acknowledgment of 2023 Business Report and Financial Statements; to Acknowledgment of the 2023 Earnings Distribution; and to consider other matters if any. Buy Or Sell Opportunity • Mar 06
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 56% to NT$997. The fair value is estimated to be NT$807, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 42%. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$824, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 228% over the past three years. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: NT$5.38 (vs NT$6.03 in 3Q 2022) Third quarter 2023 results: EPS: NT$5.38 (down from NT$6.03 in 3Q 2022). Revenue: NT$3.28b (flat on 3Q 2022). Net income: NT$754.4m (down 6.3% from 3Q 2022). Profit margin: 23% (down from 25% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 37% per year. Upcoming Dividend • Aug 16
Upcoming dividend of NT$11.66 per share at 2.0% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 18 September 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (3.4%). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$4.14 (vs NT$4.90 in 2Q 2022) Second quarter 2023 results: EPS: NT$4.14 (down from NT$4.90 in 2Q 2022). Revenue: NT$2.84b (flat on 2Q 2022). Net income: NT$570.4m (down 13% from 2Q 2022). Profit margin: 20% (down from 23% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 09
Jentech Precision Industrial Co., Ltd Declares Cash Dividend, Payable on September 18, 2023 Jentech Precision Industrial Co. Ltd. declared a cash dividend of TWD 1,641,975,528 and TWD 11.66036423 per share. Ex-rights (ex-dividend) trading date is August 23, 2023. Ex-rights (ex-dividend) record date is August 29, 2023. Payment date of cash dividend distribution is September 18, 2023. New Risk • Jul 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$532, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 192% over the past three years. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: NT$3.63 (vs NT$3.45 in 1Q 2022) First quarter 2023 results: EPS: NT$3.63 (up from NT$3.45 in 1Q 2022). Revenue: NT$2.82b (up 12% from 1Q 2022). Net income: NT$494.0m (up 7.3% from 1Q 2022). Profit margin: 18% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 20
Now 21% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be NT$584, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 37%. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: NT$19.54 (vs NT$8.99 in FY 2021) Full year 2022 results: EPS: NT$19.54 (up from NT$8.99 in FY 2021). Revenue: NT$12.0b (up 37% from FY 2021). Net income: NT$2.61b (up 119% from FY 2021). Profit margin: 22% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Mar 04
Price target increased by 8.1% to NT$450 Up from NT$416, the current price target is provided by 1 analyst. New target price is 12% above last closing price of NT$402. Stock is up 23% over the past year. The company is forecast to post earnings per share of NT$19.06 for next year compared to NT$8.99 last year. Board Change • Nov 16
No independent directors There are 11 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 11 new directors. No experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). Director Jheng-Cing Wu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$6.03 (vs NT$2.91 in 3Q 2021) Third quarter 2022 results: EPS: NT$6.03 (up from NT$2.91 in 3Q 2021). Revenue: NT$3.25b (up 40% from 3Q 2021). Net income: NT$804.9m (up 108% from 3Q 2021). Profit margin: 25% (up from 17% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 30% per year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$317, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 146% over the past three years. Reported Earnings • Aug 08
Second quarter 2022 earnings released: EPS: NT$5.38 (vs NT$2.14 in 2Q 2021) Second quarter 2022 results: EPS: NT$5.38 (up from NT$2.14 in 2Q 2021). Revenue: NT$2.85b (up 31% from 2Q 2021). Net income: NT$653.3m (up 153% from 2Q 2021). Profit margin: 23% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 19% share price gain to NT$354, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 173% over the past three years. Upcoming Dividend • Jul 07
Upcoming dividend of NT$6.00 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (4.1%). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$314, the stock trades at a trailing P/E ratio of 26.7x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total returns to shareholders of 186% over the past three years. Annuncio • Jun 30
Jentech Precision Industrial Co., Ltd Announces That Company Adjusts Cash Dividend Ratio Jentech Precision Industrial Co. Ltd. announced that Company adjusts the cash dividend ratio. Type and monetary amount of original dividend distribution: Cash dividends TWD 733,214,412, and TWD 6.0 per share. Type and monetary amount of dividend distribution after the change: Cash dividends TWD 733,214,412, and TWD 5.99719143 per share. Due to the convertible corporate bonds that creditors have requested to convert, and cancellation of restricted shares to employees stock awards, the number of outstanding common shares changed accordingly, resulting in the adjustment of cash dividend ratio. According to the June 17, 2022 resolution of the board of directors, the chairman is authorized to adjust the dividend ratio. The adjustment date is on June 29, 2022. Annuncio • Jun 09
Jentech Precision Industrial Co., Ltd Approves Board Changes Jentech Precision Industrial Co. Ltd. at its shareholders meeting held on June 8, 2022, approved Election for directors (including independent directors): Tsung-Hsin Chao; Yung-Chang Chao; Chien-Tsai Chang (Representative of Hsin-Chong International Co., LTD); Chung-Hui Hsu (Representative of Hsin-Chong International Co., LTD); Fong-Chun Kuo (Representative of Hsin-Chong International Co., LTD); Chin-Lung Lin (Representative of Heng-Shan Co., LTD); Jheng-Cing Wu (Representative of Heng-Shan Co., LTD); Wei-Pang Liu; Tsung-Nan Tsai; Te-Chang Yao; and Stephanie Chang. Reported Earnings • May 08
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: NT$3.80 (up from NT$1.79 in 1Q 2021). Revenue: NT$2.51b (up 36% from 1Q 2021). Net income: NT$460.3m (up 113% from 1Q 2021). Profit margin: 18% (up from 12% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 8.5%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Shufen Zhang was the last independent director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Mar 23
Jentech Precision Industrial Co., Ltd, Annual General Meeting, Jun 08, 2022 Jentech Precision Industrial Co., Ltd, Annual General Meeting, Jun 08, 2022. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$317, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 245% over the past three years. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$3.20 (vs NT$1.59 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.32b (up 39% from 3Q 2020). Net income: NT$387.7m (up 102% from 3Q 2020). Profit margin: 17% (up from 12% 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 13% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 16% share price gain to NT$388, the stock trades at a trailing P/E ratio of 68x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 631% over the past three years. Upcoming Dividend • Aug 24
Upcoming dividend of NT$6.00 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 29 September 2021. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.2%). Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS NT$2.14 (vs NT$2.11 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$2.17b (up 21% from 2Q 2020). Net income: NT$258.6m (up 1.3% from 2Q 2020). Profit margin: 12% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$1.79 (vs NT$2.14 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$1.85b (up 11% from 1Q 2020). Net income: NT$216.4m (down 16% from 1Q 2020). Profit margin: 12% (down from 16% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$221, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 279% over the past three years. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS NT$7.17 (vs NT$6.55 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: NT$6.85b (up 25% from FY 2019). Net income: NT$867.5m (up 11% from FY 2019). Profit margin: 13% (down from 14% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 18% share price gain to NT$345, the stock is trading at a trailing P/E ratio of 45.2x, up from the previous P/E ratio of 38.4x. This compares to an average P/E of 29x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 465%. Is New 90 Day High Low • Feb 20
New 90-day high: NT$333 The company is up 19% from its price of NT$281 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 34% over the same period. 