Board Change • Jul 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Chi-Nan Chang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 16
Upcoming dividend of NT$5.30 per share Eligible shareholders must have bought the stock before 23 June 2026. Payment date: 21 July 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (4.8%). Higher than average of industry peers (1.3%). Declared Dividend • May 29
Dividend of NT$5.30 announced Dividend of NT$5.30 is the same as last year. Ex-date: 23rd June 2026 Payment date: 21st July 2026 Dividend yield will be 3.8%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • May 18
First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$1.94 in 1Q 2025) First quarter 2026 results: EPS: NT$2.00 (up from NT$1.94 in 1Q 2025). Revenue: NT$21.8b (up 17% from 1Q 2025). Net income: NT$642.0m (up 28% from 1Q 2025). Profit margin: 2.9% (up from 2.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: NT$8.84 (vs NT$8.90 in FY 2024) Full year 2025 results: EPS: NT$8.84. Revenue: NT$78.2b (down 2.3% from FY 2024). Net income: NT$2.29b (up 1.8% from FY 2024). Profit margin: 2.9% (up from 2.8% in FY 2024). The increase in margin was driven by lower expenses. Annuncio • Feb 06
Wah Lee Industrial Corporation, Annual General Meeting, May 26, 2026 Wah Lee Industrial Corporation, Annual General Meeting, May 26, 2026. Location: 5 floor no,211, chung cheng 4th rd., cianjin district, kaohsiung city Taiwan Annuncio • Jan 01
Wah Lee Industrial Corporation (TWSE:3010) acquired 51% stake in Jing De Gases Co., Ltd. for approximately TWD 560 million. Wah Lee Industrial Corporation (TWSE:3010) acquired 51% stake in Jing De Gases Co., Ltd. for approximately TWD 560 million on December 30, 2025. Under the terms of the acquisition, TWD 80.8823 in cash per share or a total value of TWD 561 million ($17.94 million)will be paid by Wah Lee Industrial Corporation. The transaction will be financed through self funds of Wah Lee Industrial Corporation.
Wah Lee Industrial Corporation (TWSE:3010) completed the acquisition of 51% stake in Jing De Gases Co., Ltd. on December 30, 2025. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$2.69 (vs NT$2.75 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.69 (down from NT$2.75 in 3Q 2024). Revenue: NT$19.3b (down 9.7% from 3Q 2024). Net income: NT$698.8m (down 1.9% from 3Q 2024). Profit margin: 3.6% (up from 3.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: NT$1.65 (vs NT$2.29 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.65 (down from NT$2.29 in 2Q 2024). Revenue: NT$20.2b (down 4.4% from 2Q 2024). Net income: NT$426.9m (down 27% from 2Q 2024). Profit margin: 2.1% (down from 2.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 16
Upcoming dividend of NT$5.30 per share Eligible shareholders must have bought the stock before 23 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 56% and the cash payout ratio is 87%. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%). Annuncio • May 30
Wah Lee Industrial Corporation Announces Dividend Distribution for 2024, Payable on July 18, 2025 Wah Lee Industrial Corporation at board of directors or shareholders meeting held on May 27, 2025 approved Type and monetary amount of common stock dividend distribution: TWD 1,375,015,131. Ex-rights (ex-dividend) trading date: June 29, 2025; Ex-rights (ex-dividend) record date: June 29, 2025; Payment date of common stock cash dividend distribution: July 18, 2025. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: NT$1.94 (vs NT$1.80 in 1Q 2024) First quarter 2025 results: EPS: NT$1.94 (up from NT$1.80 in 1Q 2024). Revenue: NT$18.6b (up 7.8% from 1Q 2024). Net income: NT$503.5m (up 16% from 1Q 2024). Profit margin: 2.7% (up from 2.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • May 01
Wah Lee Industrial Corporation to Report Q1, 2025 Results on May 08, 2025 Wah Lee Industrial Corporation 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 21% After last week's 21% share price decline to NT$79.50, the stock trades at a trailing P/E ratio of 9.2x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 11% over the past three years. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: NT$8.89 (vs NT$8.96 in FY 2023) Full year 2024 results: EPS: NT$8.89. Revenue: NT$80.0b (up 20% from FY 2023). Net income: NT$2.25b (up 6.6% from FY 2023). Profit margin: 2.8% (down from 3.2% in FY 2023). The decrease in margin was driven by higher expenses. Annuncio • Mar 13
Wah Lee Industrial Corporation Proposes Dividend for the Year Ended December 31, 2024 Wah Lee Industrial Corporation proposed appropriation of earnings in cash dividend for the year ended December 31, 2024. Total amount of cash distributed to shareholders is TWD 1,297,184,085. Appropriations of earnings in cash dividends to shareholders TWD 5 per share. Annuncio • Mar 05
Wah Lee Industrial Corporation to Report Fiscal Year 2024 Results on Mar 12, 2025 Wah Lee Industrial Corporation announced that they will report fiscal year 2024 results on Mar 12, 2025 Annuncio • Feb 20
Wah Lee Industrial Corporation, Annual General Meeting, May 27, 2025 Wah Lee Industrial Corporation, Annual General Meeting, May 27, 2025. Location: 5 floor no,211, chung cheng 4th rd., cianjin district, kaohsiung city Taiwan Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$2.75 (vs NT$3.02 in 3Q 2023) Third quarter 2024 results: EPS: NT$2.75. Revenue: NT$21.4b (up 13% from 3Q 2023). Net income: NT$712.4m (flat on 3Q 2023). Profit margin: 3.3% (down from 3.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Annuncio • Nov 02
Wah Lee Industrial Corporation to Report Q3, 2024 Results on Nov 08, 2024 Wah Lee Industrial Corporation announced that they will report Q3, 2024 results on Nov 08, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: NT$2.29 (vs NT$2.92 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.29 (down from NT$2.92 in 2Q 2023). Revenue: NT$21.2b (up 31% from 2Q 2023). Net income: NT$581.3m (down 16% from 2Q 2023). Profit margin: 2.7% (down from 4.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annuncio • Aug 07
Wah Lee Industrial Corporation Announces Appointment of Huang, Lu-Hui as Designated Representative of the Juristic Person Director Wah Lee Industrial Corporation announced that the appointment of Huang, Lu-Hui as designated representative of the juristic person director. Resume of the new position holder: Special Assistant to Chairman,Wah Lee Industrial Corp. Reason for the change: Juristic person director appointed a representative. Effective date of the new appointment: August 6, 2024. Annuncio • Aug 02
Wah Lee Industrial Corporation to Report Q2, 2024 Results on Aug 08, 2024 Wah Lee Industrial Corporation announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Jul 17
Upcoming dividend of NT$4.95 per share Eligible shareholders must have bought the stock before 24 July 2024. Payment date: 15 August 2024. Payout ratio is a comfortable 52% and the cash payout ratio is 99%. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%). New Risk • Jun 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.2% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$1.80 (vs NT$1.22 in 1Q 2023) First quarter 2024 results: EPS: NT$1.80 (up from NT$1.22 in 1Q 2023). Revenue: NT$17.3b (up 20% from 1Q 2023). Net income: NT$432.7m (up 50% from 1Q 2023). Profit margin: 2.5% (up from 2.0% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Annuncio • May 02
Wah Lee Industrial Corporation to Report Q1, 2024 Results on May 09, 2024 Wah Lee Industrial Corporation announced that they will report Q1, 2024 results on May 09, 2024 Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$131, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 96% over the past three years. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: NT$8.96 (vs NT$10.53 in FY 2022) Full year 2023 results: EPS: NT$8.96 (down from NT$10.53 in FY 2022). Revenue: NT$66.8b (down 9.2% from FY 2022). Net income: NT$2.11b (down 15% from FY 2022). Profit margin: 3.2% (down from 3.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • Sep 02
Wah Lee Industrial Corporation Announces Resignation of Chen Chun-Yin as Director Wah Lee Industrial Corporation announced the resignation of Chen Chun-Yin as director. Resume of the previous position holder: Director, Wah Lee Industrial Corp. Reason for the change: Personal career planning. Date of occurrence of the change is September 01, 2023. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$2.92 (vs NT$2.78 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.92 (up from NT$2.78 in 2Q 2022). Revenue: NT$16.2b (down 12% from 2Q 2022). Net income: NT$689.5m (up 5.0% from 2Q 2022). Profit margin: 4.3% (up from 3.6% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Jun 22
Upcoming dividend of NT$6.10 per share at 6.9% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 58% and the cash payout ratio is 85%. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%). Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: NT$10.53 (vs NT$12.05 in FY 2021) Full year 2022 results: EPS: NT$10.53 (down from NT$12.05 in FY 2021). Revenue: NT$73.6b (up 4.3% from FY 2021). Net income: NT$2.48b (down 13% from FY 2021). Profit margin: 3.4% (down from 4.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 23% per year. Annuncio • Jan 06
Wah Lee Industrial Corporation, Annual General Meeting, May 30, 2023 Wah Lee Industrial Corporation, Annual General Meeting, May 30, 2023. Location: 5F., No. 230, Chung Cheng 4th Rd., (Room. 501, TAIWAN ACADEMY of BANKING AND FINANCE SOUTHERN SERVICE CENTER) Kaohsiung Taiwan Agenda: To report the business of 2022; to consider 2022 Audit Committee's review report; to report the distribution of employees' and Directors' compensation of 2022; to report earnings distribution in cash dividends of 2022; to report the Status of Endorsement and Guarantee of 2022; to report the Status of Loaning of Company Funds of 2022; to report the implementation of Investments in the PRC of 2022; and to consider other matters if any. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Ru Zhong Chen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Nov 11
Wah Lee Industrial Corporation Announces Establishment of Sustainable Development Committee Wah Lee Industrial Corporation announced the establishment of Sustainable Development Committee and appointed committee members approved by the board of directors. Name of the new position holder: Chang Ray-Ching; BShyu So-De; BWang Yea-Kang. Resume of the new position holder: Chang Ray-Ching: The company's Chairman; Shyu So-De: The company's Independent Director; Wang Yea-Kang: The company's Independent Director. Effective date of the new members is November 9, 2022. Buying Opportunity • Oct 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.9%. The fair value is estimated to be NT$101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 30%. Buying Opportunity • Sep 26
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be NT$111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 30%. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$2.78 (vs NT$2.71 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.78 (up from NT$2.71 in 2Q 2021). Revenue: NT$18.3b (up 8.7% from 2Q 2021). Net income: NT$656.7m (up 2.5% from 2Q 2021). Profit margin: 3.6% (down from 3.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$80.20, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 89% over the past three years. Buying Opportunity • Jun 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be NT$112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 28%. Upcoming Dividend • Jun 20
Upcoming dividend of NT$6.80 per share Eligible shareholders must have bought the stock before 27 June 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (6.2%). Higher than average of industry peers (4.5%). Annuncio • May 28
Wah Lee Industrial Corporation Elects Chen Ru Zhong as Independent Director Wah Lee Industrial Corporation elected Chen Ru Zhong as Independent director, effective May 27, 2022. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$3.26 (vs NT$2.53 in 1Q 2021) First quarter 2022 results: EPS: NT$3.26 (up from NT$2.53 in 1Q 2021). Revenue: NT$19.5b (up 20% from 1Q 2021). Net income: NT$768.3m (up 29% from 1Q 2021). Profit margin: 3.9% (up from 3.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 24% per year. Buying Opportunity • May 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.9%. The fair value is estimated to be NT$125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 25%. 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. 2 experienced directors. 6 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director So-De Shyu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: NT$12.05 (vs NT$7.88 in FY 2020) Full year 2021 results: EPS: NT$12.05 (up from NT$7.88 in FY 2020). Revenue: NT$70.5b (up 19% from FY 2020). Net income: NT$2.84b (up 53% from FY 2020). Profit margin: 4.0% (up from 3.1% 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 25% per year whereas the company’s share price has increased by 28% per year. Annuncio • Feb 22
Wah Lee Industrial Corp., Annual General Meeting, May 27, 2022 Wah Lee Industrial Corp., Annual General Meeting, May 27, 2022. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 15% share price gain to NT$105, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 153% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$3.57 (vs NT$2.69 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$18.8b (up 16% from 3Q 2020). Net income: NT$842.0m (up 32% from 3Q 2020). Profit margin: 4.5% (up from 3.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 21% per year. Executive Departure • Sep 17
Independent Director Hau-Min Chu has left the company On the 16th of September, Hau-Min Chu's tenure as Independent Director ended after 19.3 years in the role. We don't have any record of a personal shareholding under Hau-Min's name. Hau-Min is the only executive to leave the company over the last 12 months. Upcoming Dividend • Aug 26
Upcoming dividend of NT$4.40 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 24 September 2021. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$2.77 (vs NT$1.91 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$16.9b (up 14% from 2Q 2020). Net income: NT$640.5m (up 45% from 2Q 2020). Profit margin: 3.8% (up from 3.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$2.58 (vs NT$1.49 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$16.3b (up 32% from 1Q 2020). Net income: NT$597.2m (up 74% from 1Q 2020). Profit margin: 3.7% (up from 2.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$8.03 (vs NT$6.12 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$59.1b (up 8.0% from FY 2019). Net income: NT$1.86b (up 31% from FY 2019). Profit margin: 3.1% (up from 2.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Annuncio • Jan 27
Wah Lee Industrial Corp., Annual General Meeting, May 28, 2021 Wah Lee Industrial Corp., Annual General Meeting, May 28, 2021. Location: 279, Liu-Her 2nd Rd. Cianjin District Kaohsiung Taiwan Agenda: To report the business of 2020; to consider 2020 Audit Committee's review report; to report the distribution of employees' and Directors' compensation; to report the Status of Endorsement and Guarantee of 2020; to report the Status of Loaning of Company Funds of 2020; to report the implementation of Investments in the PRC of 2020; and to consider other matters. Is New 90 Day High Low • Jan 25
New 90-day high: NT$83.00 The company is up 29% from its price of NT$64.40 on 27 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: NT$78.10 The company is up 38% from its price of NT$56.80 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. Analyst Estimate Surprise Post Earnings • Nov 22
Revenue beats expectations Revenue exceeded analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 5.2%, compared to a 12% growth forecast for the Electronic industry in Taiwan. Reported Earnings • Nov 22
Third quarter 2020 earnings released: EPS NT$2.75 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$16.2b (up 11% from 3Q 2019). Net income: NT$635.9m (up 42% from 3Q 2019). Profit margin: 3.9% (up from 3.1% in 3Q 2019). The increase in margin was driven by higher revenue. 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 9% per year. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 16% share price gain to NT$75.00, the stock is trading at a trailing P/E ratio of 10x, up from the previous P/E ratio of 8.7x. This compares to an average P/E of 16x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 59%. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS NT$2.75 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$16.2b (up 11% from 3Q 2019). Net income: NT$635.9m (up 42% from 3Q 2019). Profit margin: 3.9% (up from 3.1% in 3Q 2019). The increase in margin was driven by higher revenue. 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 8% per year. Analyst Estimate Surprise Post Earnings • Nov 16
Revenue beats expectations Revenue exceeded analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 5.2%, compared to a 11% growth forecast for the Electronic industry in Taiwan. Is New 90 Day High Low • Nov 13
New 90-day high: NT$66.70 The company is up 11% from its price of NT$60.10 on 14 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 26
New 90-day high: NT$64.50 The company is up 18% from its price of NT$54.60 on 28 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is flat over the same period.