Reported Earnings • Aug 06
Second quarter 2026 earnings released: NT$0.25 loss per share (vs NT$1.47 loss in 2Q 2025) Second quarter 2026 results: NT$0.25 loss per share (improved from NT$1.47 loss in 2Q 2025). Revenue: NT$287.6m (down 25% from 2Q 2025). Net loss: NT$20.9m (loss narrowed 83% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. New Risk • Jul 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 85% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (NT$2.14b market cap, or US$66.0m). Reported Earnings • May 11
First quarter 2026 earnings released: NT$0.65 loss per share (vs NT$0.69 loss in 1Q 2025) First quarter 2026 results: NT$0.65 loss per share (improved from NT$0.69 loss in 1Q 2025). Revenue: NT$289.3m (down 34% from 1Q 2025). Net loss: NT$54.1m (loss narrowed 5.9% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 131 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 09
Full year 2025 earnings released: NT$14.35 loss per share (vs NT$0.16 profit in FY 2024) Full year 2025 results: NT$14.35 loss per share (down from NT$0.16 profit in FY 2024). Revenue: NT$1.44b (down 27% from FY 2024). Net loss: NT$1.19b (down NT$1.20b from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Annuncio • Mar 06
JMC Electronics Co., Ltd., Annual General Meeting, May 26, 2026 JMC Electronics Co., Ltd., Annual General Meeting, May 26, 2026. Location: no,2, jen fa 6th rd., renwu district, kaohsiung city Taiwan Reported Earnings • Nov 07
Third quarter 2025 earnings released: NT$1.34 loss per share (vs NT$0.72 loss in 3Q 2024) Third quarter 2025 results: NT$1.34 loss per share (further deteriorated from NT$0.72 loss in 3Q 2024). Revenue: NT$321.6m (down 35% from 3Q 2024). Net loss: NT$111.4m (loss widened 87% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 29
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 05 September 2025. Payment date: 03 October 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.1%). New Risk • Aug 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (NT$2.50b market cap, or US$82.7m). Declared Dividend • Aug 09
Dividend of NT$0.20 announced Shareholders will receive a dividend of NT$0.20. Ex-date: 5th September 2025 Payment date: 3rd October 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.0%. Reported Earnings • Aug 08
Second quarter 2025 earnings released: NT$1.47 loss per share (vs NT$0.81 profit in 2Q 2024) Second quarter 2025 results: NT$1.47 loss per share (down from NT$0.81 profit in 2Q 2024). Revenue: NT$383.8m (down 33% from 2Q 2024). Net loss: NT$122.0m (down 282% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
First quarter 2025 earnings released: NT$0.69 loss per share (vs NT$0.27 profit in 1Q 2024) First quarter 2025 results: NT$0.69 loss per share (down from NT$0.27 profit in 1Q 2024). Revenue: NT$437.5m (down 11% from 1Q 2024). Net loss: NT$57.5m (down 360% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Annuncio • May 01
JMC Electronics Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 JMC Electronics Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.35b market cap, or US$71.1m). New Risk • Mar 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 67% 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 Earnings have declined by 48% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.91b market cap, or US$88.1m). Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: NT$0.16 (vs NT$0.09 in FY 2023) Full year 2024 results: EPS: NT$0.16 (up from NT$0.09 in FY 2023). Revenue: NT$1.96b (up 11% from FY 2023). Net income: NT$13.2m (up 76% from FY 2023). Profit margin: 0.7% (up from 0.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Annuncio • Mar 07
JMC Electronics Co., Ltd., Annual General Meeting, May 27, 2025 JMC Electronics Co., Ltd., Annual General Meeting, May 27, 2025. Location: no,2, jen fa 6th rd., renwu district, kaohsiung city Taiwan New Risk • Nov 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$99.9m) 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 Risk Earnings have declined by 47% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.26b market cap, or US$99.9m). Reported Earnings • Nov 09
Third quarter 2024 earnings released: NT$0.72 loss per share (vs NT$0.28 profit in 3Q 2023) Third quarter 2024 results: NT$0.72 loss per share (down from NT$0.28 profit in 3Q 2023). Revenue: NT$492.8m (down 2.1% from 3Q 2023). Net loss: NT$59.5m (down 361% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. New Risk • Nov 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$52.60, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total loss to shareholders of 9.0% over the past three years. Declared Dividend • Aug 21
Dividend reduced to NT$0.30 Dividend of NT$0.30 is 33% lower than last year. Ex-date: 6th September 2024 Payment date: 3rd October 2024 Dividend yield will be 0.6%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 8%. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$0.81 (vs NT$0.43 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.81 (up from NT$0.43 in 2Q 2023). Revenue: NT$575.0m (up 29% from 2Q 2023). Net income: NT$67.1m (up 87% from 2Q 2023). Profit margin: 12% (up from 8.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Annuncio • Aug 10
JMC Electronics Co., Ltd. Announces Board Changes JMC Electronics Co., Ltd. announced the Board of Directors resolved to appoint members of the 5th Remuneration committee. Name of the functional committees:Remuneration committee; Name of the previous position holder: Independent Director: Ko,Yong-Siang Independent Director: Hong,Chia-Yu Resume of the previous position holder: Independent Director: Ko,Yong-Siang/SHUNG YE Accounting Firm, Independent Director: Hong,Chia-Yu/Director of Powertrch Technology Inc. Name of the new position holder: Independent Director: Su,Erh-Lang Independent Director: Chen,Chih-hung Resume of the new position holder: Independent Director: Su,Erh-Lang/Managing Partner of Shangzhi Business Law Firm, Independent Director: Chen,Chih-hung/President,Shi Jong Enterprise Co.,Ltd. Reason for the change: The company approved the appointment of the fifth salary and remuneration committee through a resolution of the board of directors on August 8, 2024.Committee member, and with the approval of all salary and remuneration committee members, Committee member Chen,Chih-hung was elected as the new convener and chairman of the meeting. Effective date of the new member: August 08, 2024. Annuncio • Aug 02
JMC Electronics Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 JMC Electronics Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 34% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Annuncio • May 02
JMC Electronics Co., Ltd. to Report Q1, 2024 Results on May 09, 2024 JMC Electronics Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: NT$0.09 (vs NT$0.88 in FY 2022) Full year 2023 results: EPS: NT$0.09 (down from NT$0.88 in FY 2022). Revenue: NT$1.77b (down 16% from FY 2022). Net income: NT$7.48m (down 90% from FY 2022). Profit margin: 0.4% (down from 3.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Annuncio • Mar 15
JMC Electronics Co., Ltd. Proposes Dividend Distribution for Year Ended December 31, 2023 JMC Electronics Co., Ltd. proposed dividend distribution for year ended December 31, 2023. Appropriations of earnings in cash dividends to shareholders TWD 0.12315690 per share; Cash distributed from legal reserve and capital surplus to shareholders TWD 0.17684310 per share. Annuncio • Feb 23
JMC Electronics Co., Ltd., Annual General Meeting, May 29, 2024 JMC Electronics Co., Ltd., Annual General Meeting, May 29, 2024. Location: No.2, Renfa 6th Rd., Renwu Dist., Kaohsiung City, Taiwan Kaohsiung City Taiwan Agenda: To consider the 2023 Business Report ; to Audit Committee Report on Audit of 2023 Closing Statements; to Report on Communication between Audit Committee Members and Internal Audit Executives; to Report on 2023 Distribution of Employee Remuneration and Director Remuneration; and to consider other matters if any. Upcoming Dividend • Aug 31
Upcoming dividend of NT$0.45 per share at 1.3% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 04 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.43 (vs NT$0.88 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.43 (down from NT$0.88 in 2Q 2022). Revenue: NT$444.5m (down 36% from 2Q 2022). Net income: NT$35.9m (down 51% from 2Q 2022). Profit margin: 8.1% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
First quarter 2023 earnings released: NT$0.21 loss per share (vs NT$0.66 profit in 1Q 2022) First quarter 2023 results: NT$0.21 loss per share (down from NT$0.66 profit in 1Q 2022). Revenue: NT$349.8m (down 44% from 1Q 2022). Net loss: NT$17.7m (down 132% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Buying Opportunity • May 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be NT$42.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 24%. Buying Opportunity • Apr 21
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be NT$43.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 24%. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: NT$0.88 (vs NT$3.91 in FY 2021) Full year 2022 results: EPS: NT$0.88 (down from NT$3.91 in FY 2021). Revenue: NT$2.11b (down 30% from FY 2021). Net income: NT$73.4m (down 77% from FY 2021). Profit margin: 3.5% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$39.35, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total loss to shareholders of 47% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.002 (vs NT$1.54 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.002 (down from NT$1.54 in 3Q 2021). Revenue: NT$364.5m (down 56% from 3Q 2021). Net income: NT$169.0k (down 100% from 3Q 2021). Profit margin: 0% (down from 16% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shun-Ching Yang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.002 (vs NT$1.54 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.002 (down from NT$1.54 in 3Q 2021). Revenue: NT$364.5m (down 56% from 3Q 2021). Net income: NT$169.0k (down 100% from 3Q 2021). Profit margin: 0% (down from 16% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$27.80, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total loss to shareholders of 71% over the past three years. Buying Opportunity • Oct 11
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be NT$40.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%. Buying Opportunity • Sep 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be NT$46.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%. Upcoming Dividend • Aug 30
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 26 September 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (3.6%). Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.88 (vs NT$1.42 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.88 (down from NT$1.42 in 2Q 2021). Revenue: NT$698.9m (down 15% from 2Q 2021). Net income: NT$72.7m (down 38% from 2Q 2021). Profit margin: 10% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.66 (vs NT$0.43 in 1Q 2021) First quarter 2022 results: EPS: NT$0.66 (up from NT$0.43 in 1Q 2021). Revenue: NT$629.0m (down 12% from 1Q 2021). Net income: NT$55.1m (up 54% from 1Q 2021). Profit margin: 8.8% (up from 5.0% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. 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. 11 experienced directors. No highly experienced directors. 3 independent directors (8 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 • Mar 19
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$3.91 (up from NT$1.57 in FY 2020). Revenue: NT$3.00b (up 14% from FY 2020). Net income: NT$324.4m (up 119% from FY 2020). Profit margin: 11% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$1.54 (vs NT$0.63 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$820.6m (up 15% from 3Q 2020). Net income: NT$128.1m (up 115% from 3Q 2020). Profit margin: 16% (up from 8.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Aug 20
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 17 September 2021. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 16% share price gain to NT$72.00, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 3.8% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 17% share price gain to NT$59.90, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total loss to shareholders of 7.9% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.43 (vs NT$0.15 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$711.8m (up 23% from 1Q 2020). Net income: NT$35.8m (up 194% from 1Q 2020). Profit margin: 5.0% (up from 2.1% 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 13% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$47.40, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 13% over the past three years. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$1.57 (vs NT$6.32 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.65b (down 12% from FY 2019). Net income: NT$148.3m (down 72% from FY 2019). Profit margin: 5.6% (down from 17% in FY 2019). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 18
New 90-day high: NT$67.80 The company is up 15% from its price of NT$58.80 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 35% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: NT$62.90 The company is up 19% from its price of NT$53.01 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 34% over the same period. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 17% share price gain to NT$62.90, the stock is trading at a trailing P/E ratio of 29.2x, up from the previous P/E ratio of 24.9x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total return to shareholders over the past three years is a loss of 13%. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 21% share price gain to NT$54.50, the stock is trading at a trailing P/E ratio of 25.4x, up from the previous P/E ratio of 20.9x. This compares to an average P/E of 22x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 14%. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.63 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$710.8m (down 13% from 3Q 2019). Net income: NT$59.5m (down 65% from 3Q 2019). Profit margin: 8.4% (down from 21% in 3Q 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 10
New 90-day low: NT$46.05 The company is down 28% from its price of NT$64.10 on 12 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: NT$51.69 The company is down 22% from its price of NT$66.63 on 24 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: NT$44.65 The company is down 22% from its price of NT$57.20 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 19% over the same period. Upcoming Dividend • Oct 16
Upcoming Dividend of NT$1.70 Per Share Will be paid on the 5th of November to those who are registered shareholders by the 23rd of October. The trailing yield of 4.5% is below the top quartile of Taiwanese dividend payers (5.5%), but it is higher than industry peers (2.4%).