Valuation Update With 7 Day Price Move • 3h
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$38.05, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$44.35, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 31x in the Communications industry in Taiwan. Total returns to shareholders of 77% over the past three years. Declared Dividend • Jun 24
Dividend increased to NT$2.00 Dividend of NT$2.00 is 900% higher than last year. Ex-date: 8th July 2026 Payment date: 30th July 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 21
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$1.28b market cap, or US$40.6m). Annuncio • Mar 20
Genie Networks Limited, Annual General Meeting, Jun 17, 2026 Genie Networks Limited, Annual General Meeting, Jun 17, 2026. Location: 1 floor no,399, jui kuang rd., neihu district, taipei city Taiwan New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (NT$795.9m market cap, or US$25.4m). Board Change • Feb 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Sep 30
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 6.6% 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 Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$651.1m market cap, or US$21.3m). Board Change • Sep 10
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Declared Dividend • Jul 02
Dividend reduced to NT$0.20 Dividend of NT$0.20 is 60% lower than last year. Ex-date: 16th July 2025 Payment date: 8th August 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.3%. Annuncio • Mar 19
Genie Networks Limited, Annual General Meeting, Jun 17, 2025 Genie Networks Limited, Annual General Meeting, Jun 17, 2025, at 09:30 Taipei Standard Time. Location: 1 floor no,399, jui kuang rd., neihu district, taipei city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (NT$161m revenue, or US$4.9m). Market cap is less than US$100m (NT$576.7m market cap, or US$17.5m). New Risk • Oct 05
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: NT$161m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Revenue is less than US$5m (NT$161m revenue, or US$5.0m). Market cap is less than US$100m (NT$551.1m market cap, or US$17.1m). Upcoming Dividend • Jul 09
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 16 July 2024. Payment date: 08 August 2024. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.4%). Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: NT$0.54 (vs NT$0.51 in FY 2022) Full year 2023 results: EPS: NT$0.54 (up from NT$0.51 in FY 2022). Revenue: NT$187.1m (up 9.3% from FY 2022). Net income: NT$14.0m (up 7.6% from FY 2022). Profit margin: 7.5% (down from 7.6% 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 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Mar 28
Genie Networks Limited, Annual General Meeting, Jun 25, 2024 Genie Networks Limited, Annual General Meeting, Jun 25, 2024. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.2% net profit margin). Market cap is less than US$100m (NT$628.0m market cap, or US$19.9m). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$25.00, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 27x in the Communications industry in Taiwan. Total loss to shareholders of 9.9% over the past three years. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$28.00, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total loss to shareholders of 21% over the past three years. New Risk • Aug 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: 8.2% Last year net profit margin: 15% 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 Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (8.2% net profit margin). Market cap is less than US$100m (NT$735.6m market cap, or US$23.0m). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$30.50, the stock trades at a trailing P/E ratio of 60.2x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total loss to shareholders of 12% over the past three years. Upcoming Dividend • Jun 30
Upcoming dividend of NT$0.50 per share at 2.1% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 03 August 2023. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.3%). Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: NT$0.51 (vs NT$0.78 in FY 2021) Full year 2022 results: EPS: NT$0.51 (down from NT$0.78 in FY 2021). Revenue: NT$171.2m (down 13% from FY 2021). Net income: NT$13.0m (down 35% from FY 2021). Profit margin: 7.6% (down from 10% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to NT$29.50, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 16% share price gain to NT$22.60, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 16x in the Communications industry in Taiwan. Total loss to shareholders of 5.0% over the past three years. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: NT$0.78 (vs NT$0.55 in FY 2020) Full year 2021 results: EPS: NT$0.78 (up from NT$0.55 in FY 2020). Revenue: NT$197.7m (flat on FY 2020). Net income: NT$19.9m (up 43% from FY 2020). Profit margin: 10% (up from 7.0% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS NT$0.55 (vs NT$1.27 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$197.6m (up 26% from FY 2019). Net income: NT$13.9m (up NT$46.1m from FY 2019). Profit margin: 7.0% (up from net loss in FY 2019). The move to profitability was primarily 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 only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 19
New 90-day high: NT$30.60 The company is up 9.0% from its price of NT$28.00 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 12% over the same period. Is New 90 Day High Low • Feb 04
New 90-day high: NT$30.25 The company is up 3.0% from its price of NT$29.30 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: NT$24.70 The company is down 28% from its price of NT$34.20 on 28 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: NT$26.85 The company is down 21% from its price of NT$34.00 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 17
New 90-day low: NT$27.20 The company is down 17% from its price of NT$32.80 on 18 August 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: NT$28.40 The company is down 14% from its price of NT$33.00 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 4.0% over the same period. 
