Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: NT$0.08 (vs NT$0.98 in FY 2024) Full year 2025 results: EPS: NT$0.08 (down from NT$0.98 in FY 2024). Revenue: NT$2.23b (up 2.4% from FY 2024). Net income: NT$8.28m (down 92% from FY 2024). Profit margin: 0.4% (down from 4.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Annuncio • Mar 11
Tai-Saw Technology Co.,Ltd., Annual General Meeting, May 26, 2026 Tai-Saw Technology Co.,Ltd., Annual General Meeting, May 26, 2026. Location: 23 floor no,120, sec.1 chung yang w. rd., jhongli district, taoyuan city Taiwan New Risk • Feb 06
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 9.0% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 46x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (NT$2.93b market cap, or US$92.6m). Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$0.11 loss per share (vs NT$0.023 profit in 3Q 2024) Third quarter 2025 results: NT$0.11 loss per share (down from NT$0.023 profit in 3Q 2024). Revenue: NT$553.3m (down 2.2% from 3Q 2024). Net loss: NT$11.4m (down NT$13.7m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. New Risk • Nov 04
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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Cash payout ratio: 112% Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$2.28b market cap, or US$73.6m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.27 loss per share (vs NT$0.28 profit in 2Q 2024) Second quarter 2025 results: NT$0.27 loss per share (down from NT$0.28 profit in 2Q 2024). Revenue: NT$557.7m (flat on 2Q 2024). Net loss: NT$27.6m (down 196% 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 85 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 04
Upcoming dividend of NT$0.90 per share Eligible shareholders must have bought the stock before 11 July 2025. Payment date: 08 August 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%). Declared Dividend • Jun 07
Dividend of NT$0.90 announced Shareholders will receive a dividend of NT$0.90. Ex-date: 11th July 2025 Payment date: 8th August 2025 Dividend yield will be 4.7%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (129% earnings payout ratio) nor is it covered by cash flows (397% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 43% to bring the payout ratio under control, which is more than the 2.2% EPS growth achieved over the last 5 years. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: NT$0.15 (vs NT$0.43 in 1Q 2024) First quarter 2025 results: EPS: NT$0.15 (down from NT$0.43 in 1Q 2024). Revenue: NT$549.6m (up 3.6% from 1Q 2024). Net income: NT$15.7m (down 65% from 1Q 2024). Profit margin: 2.9% (down from 8.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Annuncio • May 01
Tai-Saw Technology Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025 Tai-Saw Technology Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 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$18.25, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 34% over the past three years. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.092 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.02 (down from NT$0.092 in 3Q 2023). Revenue: NT$565.8m (up 1.2% from 3Q 2023). Net income: NT$2.33m (down 75% from 3Q 2023). Profit margin: 0.4% (down from 1.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Annuncio • Oct 24
Tai-Saw Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Tai-Saw Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Annuncio • Oct 22
Tai-Saw Technology Co.,Ltd. Announces Executive Changes Tai-Saw Technology Co.,Ltd. announced the executive appointments. Name, title, and resume of the new position holder: Vincent Lee Executive Vice President of GM's Office/Vice President of
Marketing & Sales Center; Hong-Duk Ham Senior Director of Operations Center/Director of Operations Center. Reason for the change: promotion and position adjustment. Effective date: October 21, 2024. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: NT$0.28 (vs NT$0.017 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.28 (up from NT$0.017 in 2Q 2023). Revenue: NT$555.6m (up 5.3% from 2Q 2023). Net income: NT$28.7m (up NT$27.0m from 2Q 2023). Profit margin: 5.2% (up from 0.3% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 11
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 18 July 2024. Payment date: 08 August 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.5%). Declared Dividend • Jun 03
Dividend reduced to NT$0.70 Dividend of NT$0.70 is 72% lower than last year. Ex-date: 18th July 2024 Payment date: 8th August 2024 Dividend yield will be 2.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (221% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 145% to bring the payout ratio under control, which is more than the 34% EPS growth achieved over the last 5 years. Annuncio • Apr 26
Tai-Saw Technology Co.,Ltd. to Report Q1, 2024 Results on May 02, 2024 Tai-Saw Technology Co.,Ltd. announced that they will report Q1, 2024 results on May 02, 2024 Reported Earnings • Apr 03
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: NT$0.13 loss per share (down from NT$3.18 profit in FY 2022). Revenue: NT$2.13b (down 36% from FY 2022). Net loss: NT$13.6m (down 104% from profit in FY 2022). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Buy Or Sell Opportunity • Mar 26
Now 21% undervalued Over the last 90 days, the stock has risen 2.9% to NT$28.10. The fair value is estimated to be NT$35.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 08
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at NT$28.05. The fair value is estimated to be NT$35.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to NT$26.00. The fair value is estimated to be NT$32.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jan 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.8%. The fair value is estimated to be NT$32.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making. Annuncio • Nov 03
Tai-Saw Technology Co.,Ltd. Appoints Lin, Hsiao-Hui, Manager of MIS Dept. as Information Security Officer Tai-Saw Technology Co.,Ltd. appointed LIN, HSIAO-HUI, Manager of MIS Dept. as Information Security Officer. Effective date: November 2 2023. The appointment was approved unanimously by the Board of Directors Meeting held on November 2, 2023. Buying Opportunity • Oct 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be NT$33.50, 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. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.8% in a year. Earnings is forecast to grow by 4.6% in the next year. Buying Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.5%. The fair value is estimated to be NT$33.21, 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. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.8% in a year. Earnings is forecast to grow by 4.6% in the next year. Buying Opportunity • Sep 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be NT$33.17, 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. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.8% in a year. Earnings is forecast to grow by 4.6% in the next year. Buying Opportunity • Aug 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 8.2%. The fair value is estimated to be NT$33.06, 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. Meanwhile, the company has become profitable. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.02 (vs NT$1.93 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.02 (down from NT$1.93 in 2Q 2022). Revenue: NT$527.9m (down 59% from 2Q 2022). Net income: NT$1.73m (down 99% from 2Q 2022). Profit margin: 0.3% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 10
Upcoming dividend of NT$2.50 per share at 8.5% yield Eligible shareholders must have bought the stock before 17 July 2023. Payment date: 08 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: 8.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%). Annuncio • Jun 02
Tai-Saw Technology Co.,Ltd. Announces Cash Dividends for 2022, Payable on August 8, 2023 Tai-Saw Technology Co.,Ltd. announced cash dividends is TWD 260,111,025, TWD 2.5 per share for 2022. Ex-rights (Ex-dividend) date: July 17, 2023. Ex-rights (Ex-dividend) record date: July 23, 2023. Payment date of cash dividend distribution: August 8, 2023. Total of TWD 208,088,820, TWD 2 per share, is from 2022 profit. Total of TWD 52,022,205, TWD 0.5 pare share, is from capital surplus. Price Target Changed • Nov 16
Price target increased to NT$39.00 Up from NT$28.00, the current price target is provided by 1 analyst. New target price is 46% above last closing price of NT$26.70. Stock is down 38% over the past year. The company is forecast to post earnings per share of NT$5.53 for next year compared to NT$5.28 last year. Board Change • Nov 16
Insufficient new directors 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. No highly experienced 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$22.75, the stock trades at a trailing P/E ratio of 3.1x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 9.8% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$24.90, the stock trades at a trailing P/E ratio of 3.4x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.93 (vs NT$0.56 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.93 (up from NT$0.56 in 2Q 2021). Revenue: NT$1.28b (up 83% from 2Q 2021). Net income: NT$197.1m (up 246% from 2Q 2021). Profit margin: 15% (up from 8.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 05
Tai-Saw Technology Co.,Ltd. Announces Appointment of 1St Sustainable Development Committee Members Tai-Saw Technology Co.,Ltd. announced appointment of 1st sustainable development committee members. Name of the new position holder: (1)Huang, Yu-Tung; (2) Lin, Huei-Yuh; (3) Huang, Wen-Ho; (4) TSENG, Yu-I (5)CHEN, JUI-HUNG. Resume of the new position holder: (1) Huang, Yu-Tung:Chairman and Chief Technology Officer of TST; (2) Lin, Huei-Yuh:Independent director of TST; (3) Huang,Wen-Ho:Independent director of TST (4)TSENG, Yu-I:Independent director of TST; (5) CHEN, JUI-HUNG: General Manager of TST. Effective date of the new members is August 4, 2022~June 8, 2025. Upcoming Dividend • Jul 04
Upcoming dividend of NT$2.10 per share Eligible shareholders must have bought the stock before 11 July 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.9%). Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$33.30, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 64% over the past three years. Reported Earnings • May 11
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$0.82 (up from NT$0.004 loss in 1Q 2021). Revenue: NT$717.6m (up 12% from 1Q 2021). Net income: NT$83.7m (up NT$84.2m from 1Q 2021). Profit margin: 12% (up from net loss in 1Q 2021). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 23
Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 09, 2022 Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 09, 2022. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to NT$35.85, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 25% share price gain to NT$43.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 158% over the past three years. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS NT$0.92 (vs NT$0.36 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$817.5m (up 58% from 3Q 2020). Net income: NT$94.1m (up NT$131.0m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Price Target Changed • Aug 13
Price target increased to NT$45.00 Up from NT$28.00, the current price target is provided by 1 analyst. New target price is 31% above last closing price of NT$34.30. Stock is up 34% over the past year. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.08 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$700.5m (up 28% from 2Q 2020). Net income: NT$57.0m (up NT$48.9m from 2Q 2020). Profit margin: 8.1% (up from 1.5% in 2Q 2020). 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 112 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 26
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 02 August 2021. Payment date: 03 September 2021. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%). Reported Earnings • May 09
First quarter 2021 earnings released: NT$0.004 loss per share (vs NT$0.019 profit in 1Q 2020) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: NT$639.5m (up 27% from 1Q 2020). Net loss: NT$430.0k (down 122% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2020 earnings released: NT$0.68 loss per share (vs NT$0.34 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$2.14b (up 5.4% from FY 2019). Net loss: NT$69.4m (loss widened 101% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Annuncio • Mar 19
Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 10, 2021 Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 10, 2021. Location: Hotel Kuva Chateau, No.398, Minquan Rd., Zhongli Dist Taoyuan City Taiwan Agenda: To consider report the business of 2020; to report supervisors' review report on 2020 financial statements; to report the status of 2020 private placement; to report the status of endorsements and/or guarantees for other parties; to revise codes of ethical conduct; to accept 2020 business report and financial statements; to cash dividends distributed from capital reserve; to proposal of capital increase and/or private placement; to amendments to the company's articles of incorporation; to amendments to the company's articles of incorporation; and to amendments to procedures for election of directors. Is New 90 Day High Low • Feb 23
New 90-day high: NT$24.10 The company is up 7.0% from its price of NT$22.60 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 20
New 90-day low: NT$20.65 The company is down 7.0% from its price of NT$22.25 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: NT$0.36 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$517.0m (down 5.3% from 3Q 2019). Net loss: NT$37.0m (down 482% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 29
New 90-day low: NT$21.65 The company is down 22% from its price of NT$27.90 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 12
New 90-day low: NT$22.20 The company is down 8.0% from its price of NT$24.05 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period.