Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$29.25, the stock trades at a trailing P/E ratio of 44.2x. Average trailing P/E is 41x in the Electronic industry in Taiwan. Total returns to shareholders of 43% over the past three years. Reported Earnings • May 21
First quarter 2026 earnings released: EPS: NT$0.22 (vs NT$0.40 in 1Q 2025) First quarter 2026 results: EPS: NT$0.22 (down from NT$0.40 in 1Q 2025). Revenue: NT$457.3m (down 32% from 1Q 2025). Net income: NT$45.4m (down 44% from 1Q 2025). Profit margin: 9.9% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: NT$0.85 (vs NT$1.10 in FY 2024) Full year 2025 results: EPS: NT$0.85 (down from NT$1.10 in FY 2024). Revenue: NT$2.20b (down 5.9% from FY 2024). Net income: NT$173.7m (down 13% from FY 2024). Profit margin: 7.9% (down from 8.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 01
Spectrum Electrics Corporation, Annual General Meeting, Jun 26, 2026 Spectrum Electrics Corporation, Annual General Meeting, Jun 26, 2026. Location: no,8, jung kung s. rd., guanyin district, taoyuan city Taiwan Buy Or Sell Opportunity • Mar 31
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 8.9% to NT$26.47. The fair value is estimated to be NT$20.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Earnings per share has grown by 79%. Annuncio • Mar 09
Spectrum Electrics Corporation to Report Q4, 2025 Results on Mar 16, 2026 Spectrum Electrics Corporation announced that they will report Q4, 2025 results on Mar 16, 2026 Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$29.05, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 404% over the past three years. New Risk • Dec 18
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 8.4% 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 (8.4% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risk High level of debt (71% net debt to equity). Buy Or Sell Opportunity • Dec 10
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at NT$23.80. The fair value is estimated to be NT$19.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Earnings per share has grown by 79%. Buy Or Sell Opportunity • Nov 25
Now 23% overvalued Over the last 90 days, the stock has fallen 8.0% to NT$24.75. The fair value is estimated to be NT$20.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Earnings per share has grown by 79%. New Risk • Nov 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks High level of debt (63% net debt to equity). Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$0.19 (vs NT$0.19 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.19. Revenue: NT$586.8m (flat on 3Q 2024). Net income: NT$45.8m (up 12% from 3Q 2024). Profit margin: 7.8% (up from 7.0% in 3Q 2024). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$26.10, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 356% over the past three years. Reported Earnings • Aug 17
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: NT$431.9m (down 7.4% from 2Q 2024). Net income: NT$29.0m (up 22% from 2Q 2024). Profit margin: 6.7% (up from 5.1% in 2Q 2024). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$30.30, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 432% over the past three years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to NT$24.30, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 322% over the past three years. New Risk • Jul 24
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. This is currently the only risk that has been identified for the company. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.27 in 1Q 2024) First quarter 2025 results: EPS: NT$0.34 (up from NT$0.27 in 1Q 2024). Revenue: NT$672.2m (down 11% from 1Q 2024). Net income: NT$81.7m (up 43% from 1Q 2024). Profit margin: 12% (up from 7.6% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$20.45, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 243% over the past three years. Annuncio • May 01
Uniplus Electronics Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Uniplus Electronics Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$16.60, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 173% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.93 (vs NT$0.048 in FY 2023) Full year 2024 results: EPS: NT$0.93 (up from NT$0.048 in FY 2023). Revenue: NT$2.33b (up 96% from FY 2023). Net income: NT$199.8m (up NT$189.9m from FY 2023). Profit margin: 8.6% (up from 0.8% 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 78% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 13
Uniplus Electronics Co., Ltd., Annual General Meeting, Jun 19, 2025 Uniplus Electronics Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: 6 floor no,88, yen ch`ang rd., sinyi district, taipei city Taiwan Annuncio • Mar 05
Uniplus Electronics Co., Ltd. to Report Q4, 2024 Results on Mar 12, 2025 Uniplus Electronics Co., Ltd. announced that they will report Q4, 2024 results on Mar 12, 2025 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$23.20, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 273% over the past three years. New Risk • Dec 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.19 (vs NT$0.068 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.19 (up from NT$0.068 in 3Q 2023). Revenue: NT$582.4m (up 219% from 3Q 2023). Net income: NT$41.0m (up 187% from 3Q 2023). Profit margin: 7.0% (down from 7.8% 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 60% per year whereas the company’s share price has increased by 61% per year. Annuncio • Aug 21
Uniplus Electronics Co., Ltd. has filed a Follow-on Equity Offering. Uniplus Electronics Co., Ltd. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 3,000
Security Name: Shares
Security Type: Common Stock
Securities Offered: 3,000
Security Name: Shares
Security Type: Common Stock
Securities Offered: 24,000
Transaction Features: Reserved Share Offering; Rights Offering Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.17 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.12 (down from NT$0.17 in 2Q 2023). Revenue: NT$466.3m (down 9.2% from 2Q 2023). Net income: NT$23.9m (down 35% from 2Q 2023). Profit margin: 5.1% (down from 7.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 62% per year whereas the company’s share price has increased by 63% per year. Annuncio • Aug 03
Uniplus Electronics Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Uniplus Electronics Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.27 (vs NT$0.013 in 1Q 2023) First quarter 2024 results: EPS: NT$0.27 (up from NT$0.013 in 1Q 2023). Revenue: NT$753.3m (up 260% from 1Q 2023). Net income: NT$57.2m (up NT$54.8m from 1Q 2023). Profit margin: 7.6% (up from 1.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 05
Uniplus Electronics Co., Ltd. to Report Q1, 2024 Results on May 13, 2024 Uniplus Electronics Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: NT$0.05 (vs NT$0.096 in FY 2022) Full year 2023 results: EPS: NT$0.05 (down from NT$0.096 in FY 2022). Revenue: NT$1.19b (up 268% from FY 2022). Net income: NT$9.93m (down 43% from FY 2022). Profit margin: 0.8% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 16
Uniplus Electronics Co., Ltd., Annual General Meeting, Jun 03, 2024 Uniplus Electronics Co., Ltd., Annual General Meeting, Jun 03, 2024. Location: 6F, No. 88, Tobacco Factory Road, Xinyi District, Taipei Taiwan Agenda: To discuss the 112th Annual Business Report of the Company; to consider report of the Audit Committee on the examination of the 112th Annual Financial Statements; and to discuss other matters. Buy Or Sell Opportunity • Feb 05
Now 21% undervalued Over the last 90 days, the stock has risen 16% to NT$28.80. The fair value is estimated to be NT$36.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$0.17 (vs NT$0.021 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.17 (up from NT$0.021 in 2Q 2022). Revenue: NT$513.4m (up NT$433.9m from 2Q 2022). Net income: NT$36.7m (up NT$33.0m from 2Q 2022). Profit margin: 7.1% (up from 4.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 82% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$7.26, the stock trades at a trailing P/E ratio of 71.3x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 98% over the past three years. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: NT$0.03 (vs NT$0.011 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.03 (up from NT$0.011 in 3Q 2021). Revenue: NT$81.4m (down 8.9% from 3Q 2021). Net income: NT$5.22m (up 162% from 3Q 2021). Profit margin: 6.4% (up from 2.2% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.02 (vs NT$0.015 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.02 (up from NT$0.015 in 2Q 2021). Revenue: NT$79.5m (down 13% from 2Q 2021). Net income: NT$3.71m (up 33% from 2Q 2021). Profit margin: 4.7% (up from 3.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 141% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.003 in 1Q 2021) First quarter 2022 results: EPS: NT$0.01 (up from NT$0.003 in 1Q 2021). Revenue: NT$80.9m (down 24% from 1Q 2021). Net income: NT$1.78m (up 258% from 1Q 2021). Profit margin: 2.2% (up from 0.5% 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 134% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$0.07 (vs NT$0.015 in FY 2020) Full year 2021 results: EPS: NT$0.07 (up from NT$0.015 in FY 2020). Revenue: NT$387.2m (up 13% from FY 2020). Net income: NT$12.9m (up 390% from FY 2020). Profit margin: 3.3% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% 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 • Nov 15
Third quarter 2021 earnings released: EPS NT$0.01 (vs NT$0.003 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$89.3m (up 13% from 3Q 2020). Net income: NT$1.99m (up NT$2.61m from 3Q 2020). Profit margin: 2.2% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.003 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$91.8m (up 21% from 2Q 2020). Net income: NT$2.78m (up 482% from 2Q 2020). Profit margin: 3.0% (up from 0.6% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2021 earnings released: EPS NT$0.003 (vs NT$0.017 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$105.9m (up 12% from 1Q 2020). Net income: NT$498.0k (down 84% from 1Q 2020). Profit margin: 0.5% (down from 3.2% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$0.01 (vs NT$0.053 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$343.5m (down 11% from FY 2019). Net income: NT$2.64m (up NT$12.4m from FY 2019). Profit margin: 0.8% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 03
New 90-day high: NT$6.50 The company is up 41% from its price of NT$4.62 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period. Annuncio • Jan 31
Uniplus Electronics Co., Ltd. announced that it has received TWD 160.016865 million in funding from Delin Biotechnology Co., Ltd, Youde Investment Co., Ltd Uniplus Electronics Co., Ltd. (GTSM:5381) announced a private placement of 28,321,569 shares at an issue price of NTD 5.65 per share for gross proceeds of NTD 160,016,865 on January 29, 2021. The transaction included participation from Delin Biotechnology Co., Ltd and Youde Investment Co., Ltd. The transaction has been approved by the board of directors of the company. Is New 90 Day High Low • Dec 05
New 90-day high: NT$5.98 The company is up 83% from its price of NT$3.27 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: NT$0.009 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$79.2m (down 14% from 3Q 2019). Net loss: NT$619.0k (loss widened 318% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 18
New 90-day high: NT$4.24 The company is up 9.0% from its price of NT$3.90 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is up 4.0% over the same period.