New Risk • Apr 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% 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 14% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$0.39 (vs NT$0.60 in FY 2024) Full year 2025 results: EPS: NT$0.39 (down from NT$0.60 in FY 2024). Revenue: NT$5.70b (up 5.2% from FY 2024). Net income: NT$54.6m (down 36% from FY 2024). Profit margin: 1.0% (down from 1.6% 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 109 percentage points per year, which is a significant difference in performance. New Risk • Mar 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 1.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin). Annuncio • Mar 09
NEXCOM International Co., Ltd., Annual General Meeting, Jun 24, 2026 NEXCOM International Co., Ltd., Annual General Meeting, Jun 24, 2026. Location: 9 floor no,920, chung cheng rd., jhonghe district, new taipei city Taiwan Reported Earnings • Nov 13
Third quarter 2025 earnings released: NT$0.08 loss per share (vs NT$0.18 profit in 3Q 2024) Third quarter 2025 results: NT$0.08 loss per share (down from NT$0.18 profit in 3Q 2024). Revenue: NT$1.25b (down 17% from 3Q 2024). Net loss: NT$11.7m (down 146% 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 124 percentage points per year, which is a significant difference in performance. Annuncio • Oct 02
Nexcom Presents Full Edge and Ai Portfolio At Gitex Global 2025 NEXCOM will return to GITEX Global 2025, Booth H21-03, from October 13-17, debut its Duro Edge AI PC and showcase a portfolio that addresses industrial security, edge computing, and smart infrastructure--empowering enterprises and cities to solve today's challenges while preparing for tomorrow's AI-driven transformation. This year, visitors will experience NEXCOM's innovations across three main zones: Smart Network - Secure, scalable, and high-performance connectivity solutions from edge to core: OT Security product line with diverse mission-oriented DIN rails for resilient protection at the industrial edge. Cost-effective security gateways enabling SMB and enterprises to scale securely and efficiently. Dual 5G and dual Wi-Fi edge boxes delivering seamless high-speed connectivity. High-performance edge servers optimized for AI and cybersecurity workloads. Smart City- Innovative Edge and AI solutions powering smarter urban infrastructure: Compact indoor Edge Computing system for space-saving smart city deployments. Slim all-in-one panel PC for kiosks, signage, and smart retail. Semi-outdoor Duro Edge Computersbuilt for reliability in harsh conditions. Edge AI inference engines enabling real-time image/video analytics and automation. Smart Manufacturing - Next-gen Edge AI for automation and sustainability for connected industries: Smart IoT data acquisition systems for green energy, HVAC, AQUA, and factory automation. High-performance expandable edge controllers designed for demanding industrial workloads. Advanced fanless edge automation PCs delivering outstanding compute and graphics performance. Compact edge gateway ideal for entry-level industrial applications. With innovations spanning cybersecurity, edge AI, connectivity, and smart infrastructure, NEXCOM reinforces its role as a trusted partner for enterprises and cities embracing digital transformation. Upcoming Dividend • Sep 01
Upcoming dividend of NT$0.60 per share Eligible shareholders must have bought the stock before 08 September 2025. Payment date: 03 October 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.7%). New Risk • Aug 25
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 7.9% 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 (7.9% average weekly change). Earnings have declined by 1.4% per year over the past 5 years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.075 profit in 2Q 2024) Second quarter 2025 results: NT$0.16 loss per share (down from NT$0.075 profit in 2Q 2024). Revenue: NT$1.48b (up 28% from 2Q 2024). Net loss: NT$22.5m (down 311% 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 125 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$94.30, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 219% over the past three years. New Risk • Jul 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.57 (vs NT$0.14 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.57 (up from NT$0.14 loss in 1Q 2024). Revenue: NT$1.65b (up 42% from 1Q 2024). Net income: NT$80.1m (up NT$100.1m from 1Q 2024). Profit margin: 4.9% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Annuncio • Apr 30
NEXCOM International Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 NEXCOM International Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: NT$0.60 (vs NT$1.27 in FY 2023) Full year 2024 results: EPS: NT$0.60 (down from NT$1.27 in FY 2023). Revenue: NT$5.42b (down 6.0% from FY 2023). Net income: NT$84.9m (down 53% from FY 2023). Profit margin: 1.6% (down from 3.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Annuncio • Feb 27
NEXCOM International Co., Ltd., Annual General Meeting, Jun 25, 2025 NEXCOM International Co., Ltd., Annual General Meeting, Jun 25, 2025. Location: 9 floor no,920, chung cheng rd., jhonghe district, new taipei city Taiwan Annuncio • Feb 19
NEXCOM International Co., Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025 NEXCOM International Co., Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025 New Risk • Feb 13
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 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. New Risk • Dec 31
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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.1% average weekly change). Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.18 (vs NT$0.60 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.18 (down from NT$0.60 in 3Q 2023). Revenue: NT$1.50b (up 7.2% from 3Q 2023). Net income: NT$25.4m (down 70% from 3Q 2023). Profit margin: 1.7% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Annuncio • Oct 30
NEXCOM International Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024 NEXCOM International Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 25 September 2024. Payment date: 23 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.8%). Declared Dividend • Sep 06
Dividend reduced to NT$1.20 Dividend of NT$1.20 is 60% lower than last year. Ex-date: 25th September 2024 Payment date: 23rd October 2024 Dividend yield will be 2.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings). However, it is well covered by cash flows (19% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 595% to bring the payout ratio under control. However, EPS has declined by 35% over the last 5 years so the company would need to reverse this trend. Annuncio • Sep 05
NEXCOM International Co., Ltd. Announces Dividend Distribution, Payable on October 23, 2024 NEXCOM International Co., Ltd. announced cash dividends to common shareholders of TWD 169,471,766 (TWD 1.2 per share). Ex-rights (Ex-dividend) date is September 25, 2024. Ex-rights (Ex-dividend) record date is October 01, 2024. Payment date of cash dividend distribution is October 23, 2024. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.09 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.08 (down from NT$0.09 in 2Q 2023). Revenue: NT$1.16b (down 20% from 2Q 2023). Net income: NT$10.6m (down 17% from 2Q 2023). Profit margin: 0.9% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 31
NEXCOM International Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024 NEXCOM International Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 New Risk • Jun 03
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 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Dividend is not well covered by earnings (148% payout ratio). Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • May 18
First quarter 2024 earnings released: NT$0.14 loss per share (vs NT$0.92 profit in 1Q 2023) First quarter 2024 results: NT$0.14 loss per share (down from NT$0.92 profit in 1Q 2023). Revenue: NT$1.16b (down 30% from 1Q 2023). Net loss: NT$20.1m (down 116% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 31% per year. Buy Or Sell Opportunity • May 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to NT$51.80. The fair value is estimated to be NT$42.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Annuncio • May 02
NEXCOM International Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 NEXCOM International Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Annuncio • Apr 30
NEXCOM Offers Advanced Cybersecurity Solutions for AI-Powered Defense NEXCOM released benchmark results comparing some popular applications against emerging cybersecurity threats. This study explores the performance metrics of NEXCOM's NSA 7160R servers, evaluating various hardware configurations within the same system to address cybersecurity challenges. The paper reveals test results for two AI models - MalConv and Bert-base-cased - and emphasizes the significance of latency and throughput for AI cybersecurity, assisting cybersecurity professionals and IT leaders in making informed decisions to strengthen their defenses against evolving cyber threats. As test results prove, NEXCOM's NSA 7160R can detect polymorphic and previously unseen malware variants with unparalleled accuracy, highlighting its impeccable defense advanced cyber threats. Furthermore, the NSA 7160R verified to analyze text data and swiftly identify security threats, enhancing overall operational efficiency in cybersecurity operations. With real-time threat detection capabilities and optimized response strategies, the NSA 7160R enables seamless upgrade to AI-driven cybersecurity measures. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$53.80, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 131% over the past three years. Buy Or Sell Opportunity • Apr 26
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to NT$53.80. The fair value is estimated to be NT$42.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. New Risk • Apr 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 6.2% 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: Minor Risks Dividend is not well covered by earnings (148% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Buy Or Sell Opportunity • Apr 08
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to NT$53.60. The fair value is estimated to be NT$42.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$53.40, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 141% over the past three years. Buy Or Sell Opportunity • Mar 20
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to NT$53.40. The fair value is estimated to be NT$42.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Buy Or Sell Opportunity • Jan 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to NT$47.30. The fair value is estimated to be NT$39.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 65%. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$46.20, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 122% over the past three years. New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (148% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$0.60 (vs NT$4.61 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.60 (down from NT$4.61 in 3Q 2022). Revenue: NT$1.40b (down 32% from 3Q 2022). Net income: NT$84.6m (down 87% from 3Q 2022). Profit margin: 6.0% (down from 32% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 18
Upcoming dividend of NT$3.00 per share at 6.0% yield Eligible shareholders must have bought the stock before 25 September 2023. Payment date: 18 October 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.1%). Annuncio • Sep 02
NEXCOM International Co., Ltd. Announces Cash Dividend, Payable on October 18, 2023 NEXCOM International Co., Ltd. announced cash dividends to common shareholders of TWD 423,679,416 (TWD 3 per share), payable on October 18, 2023 with record date of October 1, 2023 and Ex-dividend of September 25, 2023. New Risk • Aug 23
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 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.09 (vs NT$0.70 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.09 (down from NT$0.70 in 2Q 2022). Revenue: NT$1.46b (down 27% from 2Q 2022). Net income: NT$12.8m (down 87% from 2Q 2022). Profit margin: 0.9% (down from 5.0% in 2Q 2022). 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 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$61.20, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 173% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$52.60, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$46.35, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 168% over the past three years. Reported Earnings • Feb 27
Full year 2022 earnings released: EPS: NT$6.39 (vs NT$1.00 in FY 2021) Full year 2022 results: EPS: NT$6.39 (up from NT$1.00 in FY 2021). Revenue: NT$7.92b (up 17% from FY 2021). Net income: NT$902.2m (up NT$760.6m from FY 2021). Profit margin: 11% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 03
NEXCOM International Co., Ltd. Announces 5G Fronthaul Edge Device Validated on PTP SyncE Accuracy NEXCOM offers a validated solution for 5G fronthaul deployments. FTA 5180 is a 1U rackmount in a short form factor, powered by Intel Xeon D-1700 processor. It features ten high-bandwidth Ethernet ports, PoE++ functionality, optional support of Wi-Fi 6 and 5G, and can be deployed across diverse use cases, including 5G O-RAN DU and CU. FTA 5180 has undergone 5G fronthaul enablement with the following tests, which revealed outstanding results. The reading significantly surpassed threshold limits, proving that FTA 5180 is able to bring high throughput and improved network efficiency to existing network infrastructure. Fronthaul is an important part of 5G O-RAN network infrastructure. O-RAN maintains network timing distribution as the preferred approach within the fronthaul network. To increase network efficiency and fulfill challenging 5G use cases, synchronization in the RAN is essential. The loose sync can cause a serious negative impact on network KPIs e.g. low throughput, poor attach success rate, and poor handover success rate. FTA 5180 proved its readiness to be deployed as DU and CU at 5G fronthaul by passing PTP clock offset and wire bandwidth performance tests. The 5G downlink performance of FTA 5180 reached 1.51Gb/s which is higher than the threshold value. The IEEE 1588 PTP clock offset requirements to pass the test were less than 100ns between the PTP Hardware Clock server and FTA 5180. The result reveals that the measurement average of FTA 5180 is significantly better - 29.3ns. Meaning the PTP performance of FTA 5180 is very precise and the system clock is synchronized. FTA 5180 is among the appliances NEXCOM will display during MWC 2023 in Barcelona. Come and check it out in Hall 5, 5A61. Annuncio • Jan 11
NEXCOM Launches New Platform Based on the 4Th Gen Intel Xeon Scalable Processor – the NSA 7160 NEXCOM launched a new platform based on the 4th Gen Intel Xeon Scalable processor – the NSA 7160. This high-performance 2U rackmount is a long-awaited enhancement of NEXCOM's well-established cyber security product line. NSA 7160 is equipped with the latest Intel technologies, featuring eight PCIe Gen5 extension slots for LAN modules, built-in accelerators, CXL1.1 and supports installation of RunBMC module & full-height full-length (FHFL) card. NEXCOM's NSA 7160 is intended for network security and 5G network applications, with cutting-edge features like multi-core computing performance, high memory capacity, high-speed I/O interface, and improved Intel QuickAssist Technology (Intel QAT) hardware acceleration for both enterprise and telecommunication applications. By leveraging 4th Gen Intel Xeon Scalable processors, NSA 7160 accelerates performance across the fastest-growing workloads and delivers value across multiple applications. To broaden customers' capabilities in terms of big data processing, NSA 7160 is designed with the latest PCIe Gen 5 interface that enables up to 2.6Tb Ethernet connectivity per system. One other highlight is Compute Express Links (CXL) 1.1, which accelerates CPU-to-device or CPU-to-memories connections, a much-desired feature for high-speed data processing of all kinds. Annuncio • Dec 01
NEXCOM Introduces Two Commercial : PNSA 3171 and PNSA 3171A NEXCOM introduces two commercial off-the-shelf (COTS) systems from its new NVR product series: PNSA 3171 and PNSA 3171A. With support for 8 and 24 PoE switch ports respectively, these 1U rackmounts are powered by the Intel® Core™ processor family to provide ample computing power to process data. PNSA 3171 and PNSA 3171A are software- and hardware-ready platforms, designed to reduce the complexity of cabling and maintaining surveillance systems, saving time, money, and resources. NEXCOM's proprietary embedded Atlas OS™ is available for these NVR appliances, providing PoE and switch management functions all in a user-friendly graphical interface. Atlas OS™ also offers application programming interfaces (APIs) for NVR software providers to quickly integrate the PoE switch operations into their own NVR software, reducing the efforts of software developers and speeding up time to market. 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. 2 experienced directors. 5 highly experienced directors. Independent Director Cheng-Chieh Tai was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$4.61 (vs NT$0.56 in 3Q 2021) Third quarter 2022 results: EPS: NT$4.61 (up from NT$0.56 in 3Q 2021). Revenue: NT$2.07b (up 14% from 3Q 2021). Net income: NT$651.0m (up NT$572.3m from 3Q 2021). Profit margin: 32% (up from 4.3% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 13
NEXCOM International Co., Ltd.'S New Cyber Security Appliance Boosts Data Transfer Efficiency NEXCOM International Co., Ltd. announced a new addition to its well-established cyber security product line with a 1U rackmount - NSA 5190. Besides featuring the latest 12th Gen Intel® Core™ processor and the highly-anticipated PCIe 4.0 interface, NSA 5190 offers enhanced memory capacity and security. The pandemic and its consequences have brought all spheres of peoples' lives to turmoil. Business meetings, casual small talks all moved online, which led to the tremendous growth of digital data. Massive work-from-home and stay-at-home entertainment are a new reality, unlikely to go back to the old ways in the nearest future. Meanwhile, as technology evolves and data grows, the information must securely travel from point to point in a fast-forward mode. This is especially true for enterprises in the Fintech circle, who need to be constantly bringing their IT update to the latest cyber security standards, if not above. The company offers the most effective way to face the challenges of this new digital reality. Powered by the latest Intel® Core™ processor, NSA 5190 can easily manage bigger data volumes and heavier workloads. LAN module slots with PCIe 4.0 interface enable double data transfer speeds compared to the precedent interface. A total number of four slots can adapt dedicated LAN modules to reach the necessary configuration. NSA 5190 is equipped with an edge connector to adapt a variety of add-on cards and additional cyber security enhancement by installing TPM module. Its flexible design makes NSA 5190 a perfect fit for popular network applications, including SD-WAN, web monitoring, load balancing, and network virtualization. Upcoming Dividend • Aug 18
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.4%). Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: NT$0.70 (vs NT$0.087 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.70 (up from NT$0.087 in 2Q 2021). Revenue: NT$1.99b (up 31% from 2Q 2021). Net income: NT$98.6m (up NT$86.3m from 2Q 2021). Profit margin: 5.0% (up from 0.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Annuncio • Aug 04
NEXCOM International Co., Ltd. Announces Cash Dividend, Payable on September 21, 2022 NEXCOM International Co., Ltd. announced cash dividends to common shareholders of TWD 141,226,472 (TWD 1 per share), payable on September 21, 2022 with record date of August 31, 2022 and Ex-dividend of August 25, 2022. Annuncio • Jul 07
Nexcom Accelerates Data Throughput with Nvidia Smartnic Silicon Enabled NEXCOM has released a compact single-port 200GbE network interface card (NIC). NL 110FM-OS leverages the award-winning NVIDIA® ConnectX®-6 Dx SmartNIC silicon and a PCIe Gen4 interface that doubles the speed of data transfer, compared with the previous generation PCIe standard. The network connection is enabled through one QSFP56 port to utilize double-bit PAM4 data transmission, and the NIC card is compatible with NEXCOM's latest rackmount network appliances. The sheer volume of data traveling over the IT network leaves service providers no other choice but to adjust to the new reality. One of the ways to solve the problem is to increase the number of servers and another is to migrate to more compact solutions based on the latest technologies. The first method will require purchasing additional servers, leading to maintenance personnel expansion and energy consumption growth, whereas the second method is simply to increase the bandwidth of existing network nodes. This latter option provides a greener solution and should be preferable for all CSPs whether or not they have environmental concerns in reducing their carbon footprint. NEXCOM's 200GbE NIC card increases the overall speed of a node on the network. NL 110FM-OS features one QSFP56 port to enable double-bit data transmission via a new signal modulation format called PAM4. This allows 200 gigabits per second of data traffic in each direction using a single 4-lane copper or fiber cable. The NVIDIA ConnectX-6 Dx SmartNIC provides more value-added features, including advanced networking and security to accelerate mission-critical applications. Thus, NL 110FM-OS is perfectly fit for security, virtualization, SDN, NFV, big data, machine learning, storage, and network performance testing and emulation. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 18% share price gain to NT$29.50, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 15% over the past three years. Annuncio • Jun 09
NEXCOM Releases 5G uCPE for Multi-Access Edge Computing Deployments NEXCOM introduced FTA 1170, its new Intel-based uCPE powered by the Intel Atom processor family. FTA 1170 is the centerpiece of the nexCPETM product line, which addresses all requirements of the 5G core network and covers both wired and wireless broadband applications. This 1U rackmount features an impressive port count of different types and link speeds to provide multiple Ethernet connectivity. NEXCOM's FTA 1170 uses the Intel Atom processor with built-in MAC and Intel QuickAssist Technology (QAT) for crypto acceleration. This 1U rackmount supports wireless connectivity via a few add-on module options ranging from Wi-Fi 5/6, 4G, and 5G, offering customers' the most desired configuration for a wireless route effortlessly. For wired connectivity, there are twenty-four 2.5GbE switch copper ports, four 10GbE copper and fiber ports, and one expansion slot for a LAN module. FTA 1170 covers versatile use cases and works equally well as uCPE, switch-server or multi-access edge compute (MEC) server. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.66 (vs NT$0.24 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.66 (up from NT$0.24 loss in 1Q 2021). Revenue: NT$1.73b (up 29% from 1Q 2021). Net income: NT$93.1m (up NT$127.3m from 1Q 2021). Profit margin: 5.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% 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. 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. No experienced directors. 8 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Qing Yin Chen was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Feb 25
NEXCOM International Co., Ltd., Annual General Meeting, Jun 29, 2022 NEXCOM International Co., Ltd., Annual General Meeting, Jun 29, 2022. Location: 9F,No.920,Chung-Cheng Rd.,ZhongHe District New Taipei City Taiwan Agenda: To discuss and report business of 2021; to discuss Audit Committee Report; to discuss 2021 distribution of employees' profit sharing and directors' compensation; to discuss 2021 business report and financial statements; to discuss 2021 earnings distribution; and to discuss and revise the Amendments to the Procedures for Asset Acquisition & Disposal. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.28 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.82b (up 9.4% from 3Q 2020). Net income: NT$78.7m (up 101% from 3Q 2020). Profit margin: 4.3% (up from 2.4% 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 20% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 28 September 2021. Payment date: 28 October 2021. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (3.2%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.09 (vs NT$0.24 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.52b (down 8.3% from 2Q 2020). Net income: NT$12.3m (down 64% from 2Q 2020). Profit margin: 0.8% (down from 2.1% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Aug 05
NEXCOM Launches New Professional uCPE Designed to Leverage All Advantages of 5G Fixed Wireless Access Technology NEXCOM launched its new professional uCPE designed to leverage all advantages of 5G Fixed Wireless Access (FWA) technology. DFA 1163 is an entry-level desktop appliance to enable 5G networks for small and medium-sized businesses (SMBs) and is the premier appliance to launch NEXCOM's upcoming nexCPE™ product line. Driven by Intel Atom® C3000R processor, DFA 1163 offers a set of optional features, such as flexibility in CPU core count, up to 12 ports with PoE+ support, Wi-Fi 5/6 and 5G FR1 (Sub-6 GHz) or FR2 (up to 39 GHz) wireless connectivity. A decade ago, the volume of data flow that an SMB would have to process was significantly lower than what it is today. Data transmission speed was also slower. Since then, the demand for highly reliable and high-speed internet connectivity has increased, especially during the recent pandemic where daily interactions have shifted from in-person to online. A lot of offline operations are now transferred into online format, even some surgeries can be done from a distance. In business operations, where each seconds counts, any delays also cannot be tolerated. Fixed Wireless Access is the best technology to gain all advantages of 5G. By investing to build FWA infrastructures, companies are able to provide reliable and seamless connectivity without any speed losses. 5G FWA not only increases deployment efficiency but also provides higher transmission rates. To enable never-before-seen speeds for data transmission, companies switched their attention to 5G FR2, or so-called mmWave. NEXCOM's DFA 1163 supports both frequency ranges and fits a variety of use cases and application scenarios, including edge computing, security gateway, wireless broadband gateway. Annuncio • Jun 10
NEXCOM Offers a Robust Solution to Secure OT Network NEXCOM introduced ISA140, a new industrial security appliance for building reliable OT network. ISA 140 perfectly fits all requirements of modern factories: compact DIN rail design makes it easily embedded into existing OT network infrastructure and ruggedized chassis helps withstand the test of harsh environments on production floors. Leveraging dual-core Intel® Atom® processor, ISA 140 features Out-of-Band remote management, seamless Wi-Fi/LTE connectivity, multiple ports for enabling more connections, and LAN ports with bypass for enhanced security and uninterrupted traffic. Industry 4.0 continues its accelerated development and now it is not just a term but a real practice. Manufacturers all over the world are shifting their focus from manpower to factory automation, IIoT systems and smart manufacturing, all of which bring more challenges, especially for data protection. Business owners quickly realize that setting up an unsecured OT network infrastructure could cause a lot of unpleasant surprises, headaches or even production downtime for plant managers. NEXCOM's ISA 140 addresses everyday challenges faced by plant managers as an OT network security appliance. A small DIN rail box, powered by Intel's latest dual-core Atom® processor, essentially blocks harmful packets, records and reports suspicious network behavior, and prohibits unauthorized access with built-in security feature of "micro-segregation" that identifies and puts suspicious or unwanted data packets under "quarantine" in segregated zones to prevent further spread. Reported Earnings • May 15
First quarter 2021 earnings released: NT$0.24 loss per share (vs NT$0.12 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: NT$1.33b (down 13% from 1Q 2020). Net loss: NT$34.1m (down 297% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Annuncio • May 06
NEXCOM Launching New Universal Customer Premises Equipment Solution to Meet the Massive Demand of Wireless Connectivity in Present Dynamic IT Environments NEXCOM is launching a new universal customer premises equipment (uCPE) solution to meet the massive demand of wireless connectivity in present dynamic IT environments. NEXCOM's latest arrival to their expanding uCPE product line, the DTA 1164W, leverages the award-winning Thales Cinterion® MV31-W Ultra High Speed IoT Modem Card to deliver 5G cellular connectivity and capabilities. Together, the Intel Atom® C3000R processor powered uCPE packs enhanced security features that deliver excellent performance per watt and PoE (Power over Ethernet) functionality while providing multiple connectivity options, such as WiFi5/6 and 4G LTE/5G in a single compact appliance. This long-awaited 5G enabling network appliance has received high attention from notable operators in Taiwan and key players in the telecom sectors across the world. Wireless broadband has triggered IT professionals to seek cost and time efficient alternatives for fast deployment and easy maintenance without sacrificing networking and computing performance. The DTA 1164W--designed under such context--provides a great solution that showcases all the features needed by a variety of IT scenarios. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$1.06 (vs NT$1.61 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$6.70b (down 7.1% from FY 2019). Net income: NT$150.0m (down 34% from FY 2019). Profit margin: 2.2% (down from 3.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 25
New 90-day high: NT$27.50 The company is up 18% from its price of NT$23.35 on 27 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 23% over the same period. Annuncio • Feb 23
NEXCOM Develops NSA3190A NEXCOM has developed NSA3190A, a new network appliance that delivers the high throughput demanded by Wi-Fi 6 networks. Using the open source Data Plane Development Kit for benchmark testing, the NSA3190A delivers impressive throughput without sacrificing security features. The highlights of NSA3190A include compact multi-gigabit copper ports (up to 2.5GbE per port), which are ideal for constrained spaces, and advanced interrupt-handling features to reduce CPU overhead. Its compute performance allows NSA3190A to run security applications that protect other virtual network functions (VNFs) on the system. Network security is further strengthened by Intel® Security Essentials, a framework of hardware-based security capabilities designed for Intel® processors to establish roots of trust. NEXCOM has also developed an optional trusted platform module (TPM) for NSA3190A. For applications with heavy encryption needs, NSA3190A supports Intel® QuickAssist Technology (Intel® QAT). Intel QAT provides hardware acceleration for compute-intensive workloads, such as cryptography and data compression, by offloading those workloads, thus freeing the processor to focus on other operations. NSA3190A also leverages the open source data plane development kit (DPDK), a set of data plane libraries and network interface controller drivers for enabling rapid networking functions and accelerated packet processing. Is New 90 Day High Low • Dec 09
New 90-day high: NT$26.20 The company is up 12% from its price of NT$23.45 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electronic industry, which is also up 12% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.28 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.66b (down 2.5% from 3Q 2019). Net income: NT$39.2m (down 9.3% from 3Q 2019). Profit margin: 2.4% (down from 2.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annuncio • Oct 06
NEXCOM's Announces its TCA 5170 Verified an Intel Select Solution for Universal Customer Premises Equipment (Ucpe) with Centos NEXCOM announced that its TCA 5170 uCPE is now an Intel Select Solution for Universal Customer Premises Equipment (uCPE), verified for CentOS. The hardware-software integration of the company's TCA 5170, powered by Intel's powerful Xeon D processor, with an optimized software stack, enable communication service providers (CommSPs) to deliver agile service provisioning at the edge. The company's 1U rackmount uCPE TCA 5170 is a platform designed to help branch offices and small-to-medium-sized businesses set up systems based on network functions virtualization (NFV). In delivering carrier-grade performance and flexible deployment, the platform combines excellent multi-core CPU performance, accelerated data cryptography with Intel QAT technology, redundant power supply, and server-grade LAN functions in a small form factor. This 1U rackmount uCPE creates virtualized environments for flexible VNF deployments in enterprises and branch offices. With the company's TCA 5170 uCPE "one-stop shop," small businesses can simplify their lives with self-managed networking and cloud services and expanded software choices, while amplifying productivity with newer 5G and IoT technologies.