Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$131, the stock trades at a trailing P/E ratio of 53x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total loss to shareholders of 3.5% over the past three years. Declared Dividend • Mar 14
Dividend of NT$2.50 announced Shareholders will receive a dividend of NT$2.50. Ex-date: 30th March 2026 Payment date: 27th April 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (127% earnings payout ratio) nor is it covered by cash flows (277% cash payout ratio). The dividend has increased by an average of 47% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 41% to bring the payout ratio under control, which is more than the 1.8% EPS growth achieved over the last 5 years. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$2.51 (vs NT$4.40 in FY 2024) Full year 2025 results: EPS: NT$2.51 (down from NT$4.40 in FY 2024). Revenue: NT$954.3m (down 27% from FY 2024). Net income: NT$225.0m (down 43% from FY 2024). Profit margin: 24% (down from 30% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% 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 fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annuncio • Mar 13
Transcom, Inc. announces Annual dividend, payable on April 27, 2026 Transcom, Inc. announced Annual dividend of TWD 1.6000 per share payable on April 27, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Annuncio • Mar 12
Transcom, Inc., Annual General Meeting, Jun 18, 2026 Transcom, Inc., Annual General Meeting, Jun 18, 2026, at 10:00 Taipei Standard Time. Location: 2 floor no,26, nan k`o 3rd rd., sinshih district, tainan city Taiwan Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.69 (vs NT$1.34 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.69 (down from NT$1.34 in 3Q 2024). Revenue: NT$212.5m (down 36% from 3Q 2024). Net income: NT$62.2m (down 48% from 3Q 2024). Profit margin: 29% (down from 37% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% 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 8% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Aug 05
Second quarter 2025 earnings released: EPS: NT$0.41 (vs NT$1.44 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.41 (down from NT$1.44 in 2Q 2024). Revenue: NT$212.5m (down 42% from 2Q 2024). Net income: NT$33.2m (down 72% from 2Q 2024). Profit margin: 16% (down from 32% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: NT$0.91 (vs NT$0.87 in 1Q 2024) First quarter 2025 results: EPS: NT$0.91 (up from NT$0.87 in 1Q 2024). Revenue: NT$266.4m (down 4.2% from 1Q 2024). Net income: NT$74.5m (up 4.8% from 1Q 2024). Profit margin: 28% (up from 26% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Apr 23
Transcom, Inc. to Report Q1, 2025 Results on Apr 30, 2025 Transcom, Inc. announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$100.00, the stock trades at a trailing P/E ratio of 20.6x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total loss to shareholders of 12% over the past three years. Annuncio • Mar 11
Transcom, Inc., Annual General Meeting, Jun 11, 2025 Transcom, Inc., Annual General Meeting, Jun 11, 2025, at 10:00 Taipei Standard Time. Location: 2 floor no,26, nan k`o 3rd rd., sinshih district, tainan city Taiwan Declared Dividend • Mar 10
Dividend of NT$4.00 announced Shareholders will receive a dividend of NT$4.00. Ex-date: 24th March 2025 Payment date: 23rd April 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 54% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: NT$4.84 (vs NT$5.35 in FY 2023) Full year 2024 results: EPS: NT$4.84 (down from NT$5.35 in FY 2023). Revenue: NT$1.30b (up 4.1% from FY 2023). Net income: NT$396.3m (down 9.2% from FY 2023). Profit margin: 30% (down from 35% in FY 2023). 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 fallen by 1% per year, which means it is significantly lagging earnings. Annuncio • Mar 01
Transcom, Inc. to Report Fiscal Year 2024 Results on Mar 07, 2025 Transcom, Inc. announced that they will report fiscal year 2024 results on Mar 07, 2025 Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$1.58 (vs NT$1.83 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.58 (down from NT$1.83 in 2Q 2023). Revenue: NT$363.3m (up 5.2% from 2Q 2023). Net income: NT$117.4m (down 14% from 2Q 2023). Profit margin: 32% (down from 39% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 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 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 30
Transcom, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Transcom, Inc. announced that they will report Q2, 2024 results on Aug 06, 2024 Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$0.96 (vs NT$0.62 in 1Q 2023) First quarter 2024 results: EPS: NT$0.96 (up from NT$0.62 in 1Q 2023). Revenue: NT$278.1m (up 25% from 1Q 2023). Net income: NT$71.1m (up 55% from 1Q 2023). Profit margin: 26% (up from 21% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Annuncio • Apr 26
Transcom, Inc. to Report Q1, 2024 Results on May 02, 2024 Transcom, Inc. announced that they will report Q1, 2024 results on May 02, 2024 Upcoming Dividend • Mar 20
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 24 April 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.8%). Lower than average of industry peers (2.4%). Declared Dividend • Mar 14
Dividend of NT$4.00 announced Shareholders will receive a dividend of NT$4.00. Ex-date: 27th March 2024 Payment date: 24th April 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 56% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 47% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$182, the stock trades at a trailing P/E ratio of 37.7x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 166% over the past three years. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$2.01 (vs NT$0.20 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.01 (up from NT$0.20 in 2Q 2022). Revenue: NT$345.2m (up 23% from 2Q 2022). Net income: NT$135.8m (up NT$122.0m from 2Q 2022). Profit margin: 39% (up from 4.9% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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. This is currently the only risk that has been identified for the company. Buying Opportunity • May 05
Now 21% undervalued Over the last 90 days, the stock is up 51%. The fair value is estimated to be NT$271, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 10%. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$179, the stock trades at a trailing P/E ratio of 48.7x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 303% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of NT$3.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 April 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (3.3%). Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: NT$3.71 (vs NT$4.04 in FY 2021) Full year 2022 results: EPS: NT$3.71. Revenue: NT$1.03b (up 13% from FY 2021). Net income: NT$249.5m (up 1.2% from FY 2021). Profit margin: 24% (down from 27% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 16% share price gain to NT$153, the stock trades at a trailing P/E ratio of 47.4x. Average forward P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 207% over the past three years. 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. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . 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 13
Third quarter 2022 earnings released: EPS: NT$1.02 (vs NT$0.66 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.02 (up from NT$0.66 in 3Q 2021). Revenue: NT$244.1m (up 14% from 3Q 2021). Net income: NT$68.4m (up 74% from 3Q 2021). Profit margin: 28% (up from 18% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$129, the stock trades at a trailing P/E ratio of 46x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 160% over the past three years. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: NT$0.20 (vs NT$1.04 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.20 (down from NT$1.04 in 2Q 2021). Revenue: NT$281.2m (up 24% from 2Q 2021). Net income: NT$13.8m (down 78% from 2Q 2021). Profit margin: 4.9% (down from 27% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jul 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be NT$160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 36%. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 20% share price gain to NT$145, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 326% over the past three years. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: NT$0.86 (vs NT$1.13 in 1Q 2021) First quarter 2022 results: EPS: NT$0.86 (down from NT$1.13 in 1Q 2021). Revenue: NT$188.5m (down 21% from 1Q 2021). Net income: NT$57.7m (down 14% from 1Q 2021). Profit margin: 31% (up from 28% in 1Q 2021). The increase in margin was driven by lower 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 47% 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. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . 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 15
Third quarter 2021 earnings released: EPS NT$0.66 (vs NT$1.05 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$214.6m (up 2.8% from 3Q 2020). Net income: NT$39.3m (down 32% from 3Q 2020). Profit margin: 18% (down from 28% 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 48% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 19% share price gain to NT$166, the stock trades at a trailing P/E ratio of 41x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 394% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$1.04 (vs NT$0.27 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$227.3m (up 55% from 2Q 2020). Net income: NT$61.7m (up 328% from 2Q 2020). Profit margin: 27% (up from 9.8% 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 49% per year whereas the company’s share price has increased by 50% per year. Reported Earnings • May 29
First quarter 2021 earnings released: EPS NT$1.66 (vs NT$0.63 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$238.2m (up 68% from 1Q 2020). Net income: NT$67.0m (up 96% from 1Q 2020). Profit margin: 28% (up from 24% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 44% per year. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improved over the past week After last week's 20% share price gain to NT$139, the stock trades at a trailing P/E ratio of 46x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 291% over the past three years. Upcoming Dividend • Apr 30
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 26 May 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (4.7%). Lower than average of industry peers (1.8%). Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$4.42 (vs NT$3.84 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$706.0m (up 24% from FY 2019). Net income: NT$164.1m (up 17% from FY 2019). Profit margin: 23% (down from 25% 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 47% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 19% share price gain to NT$135, the stock is trading at a trailing P/E ratio of 33x, up from the previous P/E ratio of 27.7x. 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 111%. Is New 90 Day High Low • Feb 20
New 90-day high: NT$129 The company is up 24% from its price of NT$104 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. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 17% share price gain to NT$118, the stock is trading at a trailing P/E ratio of 28.8x, up from the previous P/E ratio of 24.6x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 94%. Is New 90 Day High Low • Feb 04
New 90-day high: NT$114 The company is up 14% from its price of NT$99.90 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 38% over the same period. Annuncio • Jan 21
Transcom, Inc., Annual General Meeting, Apr 15, 2021 Transcom, Inc., Annual General Meeting, Apr 15, 2021. Is New 90 Day High Low • Jan 05
New 90-day high: NT$108 The company is up 3.0% from its price of NT$105 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 25% over the same period.