Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$4,350, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 319% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,092 per share. Annuncio • Mar 17
Wiwynn Showcases NVIDIA Vera Rubin NVL72 AI Factory Infrastructure At NVIDIA GTC 2026 Wiwynn is showcasing the latest NVIDIA-powered AI solutions, developed in collaboration with Wistron, at GTC 2026 (Booth #1121). From board-level innovation to rack-scale integration and validation, Wiwynn's end-to-end expertise in accelerated computing, storage, and liquid cooling delivers future-ready AI factories with breakthrough performance, exceptional energy efficiency, and faster time-to-value. Technology highlights NVIDIA Vera Rubin NVL72: Wiwynn and Wistron are among the first in line with readiness for the fully liquid-cooled, rack-scale platform unifying 72 NVIDIA Rubin GPUs and 36 NVIDIA Vera CPUs. Optimized for frontier AI model training, inference and reasoning, the platform delivers up to 10X higher performance per watt through extreme co-design —delivering breakthrough performance and efficiency for AI factories. NVIDIA HGX Rubin NVL8: A top-tier modular accelerated computing platform—a fanless, high-density 2U system with eight NVIDIA Rubin GPUs and 100% liquid cooling to achieve remarkable PUE. Scales from 8 to 16 systems per rack over NVIDIA Spectrum-X Ethernet or NVIDIA Quantum-X800 InfiniBand, adapting to evolving compute needs at scale. NVIDIA RTX PRO Server: A compact 2U Arm-based platform that pairs dual NVIDIA Vera CPUs with two NVIDIA RTX PRO 4500 Blackwell Server Edition GPUs (32GB GDDR7 each) to power neural rendering and AI-driven design. Storage-Next: Part of NVIDIA's Storage-Next initiative, the GPU-initiated storage architecture leverages NVIDIA SCADA to directly orchestrate I/O across a 96-drive NVMe array via the GPU, delivering ultra-high IOPS, sub-millisecond tail latencies and petabyte-class density for GNN, LLM inference, and RAG. Direct liquid cooling, integrated per-drive telemetry and multi-zone leak detection enable high efficiency and hot-serviceability. Session at GTC 2026 Topic: Build an AI-Ready Data Center: Practical Insights from YTL, Wiwynn, and NVIDIA March 19, 2026, 10:00–10:40 a.m. PT A deep dive into L11–L12 co-engineering—from rack delivery to cluster acceptance—accelerating deployments and optimizing thermals, power, and serviceability. Annuncio • Mar 02
Wiwynn Corporation, Annual General Meeting, May 25, 2026 Wiwynn Corporation, Annual General Meeting, May 25, 2026. Location: 2 floor building. c no,94, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city Taiwan Reported Earnings • Feb 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: NT$275 (up from NT$127 in FY 2024). Revenue: NT$950.7b (up 164% from FY 2024). Net income: NT$51.1b (up 124% from FY 2024). Profit margin: 5.4% (down from 6.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 25
Now 22% overvalued Over the last 90 days, the stock has fallen 8.9% to NT$4,055. The fair value is estimated to be NT$3,311, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 95% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$3,910, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 445% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,420 per share. Annuncio • Nov 18
Wiwynn Delivers Best MLPerf Training v5.1 (Closed) Llama 2 70B LoRA Results at YTL Malaysia Data Center Wiwynn announced best results in the MLPerf®? Training v5.1 Llama 2 70B LoRA benchmark (Closed division), earning best performance on both 1x and 8x NVIDIA GB200 NVL72 configurations. The submissions were executed on production systems already deployed by YTL AI Cloud, spanning a 1-rack NVIDIA GB200 NVL72 (with 72 NVIDIA BlackwellGPUs) and an 8-rack NVIDIA GB200NVL72 integrating 576 GPUs-- demonstrating leadership from single-rack to multi-rack scale. The verified MLPerf scores highlight Wiwynn's strengths in system design, manufacturing, liquid cooling, multi-rack integration, and hardware/software co-optimization, combined with YTL's excellence in AI infrastructure integration and operations. Together, the partners demonstrate how close collaboration between system manufacturers and data center operators can deliver production-grade, benchmark-verified AI training performance. Major Estimate Revision • Nov 17
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$868.3b to NT$908.1b. EPS estimate increased from NT$239 to NT$266 per share. Net income forecast to grow 24% next year vs 29% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$4,504 to NT$5,228. Share price was steady at NT$4,360 over the past week. Buy Or Sell Opportunity • Nov 14
Now 21% undervalued Over the last 90 days, the stock has risen 28% to NT$4,290. The fair value is estimated to be NT$5,428, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 76% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Price Target Changed • Nov 10
Price target increased by 7.2% to NT$4,828 Up from NT$4,504, the current price target is an average from 16 analysts. New target price is 12% above last closing price of NT$4,295. Stock is up 106% over the past year. The company is forecast to post earnings per share of NT$266 for next year compared to NT$127 last year. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$82.92 (vs NT$34.36 in 3Q 2024) Third quarter 2025 results: EPS: NT$82.92 (up from NT$34.36 in 3Q 2024). Revenue: NT$266.8b (up 173% from 3Q 2024). Net income: NT$15.4b (up 144% from 3Q 2024). Profit margin: 5.8% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 27
Price target increased by 7.2% to NT$4,504 Up from NT$4,201, the current price target is an average from 16 analysts. New target price is 11% above last closing price of NT$4,055. Stock is up 106% over the past year. The company is forecast to post earnings per share of NT$239 for next year compared to NT$127 last year. Price Target Changed • Oct 24
Price target increased by 8.6% to NT$4,459 Up from NT$4,108, the current price target is an average from 16 analysts. New target price is 8.6% above last closing price of NT$4,105. Stock is up 107% over the past year. The company is forecast to post earnings per share of NT$237 for next year compared to NT$127 last year. Price Target Changed • Oct 21
Price target increased by 7.7% to NT$4,295 Up from NT$3,989, the current price target is an average from 16 analysts. New target price is 5.5% above last closing price of NT$4,070. Stock is up 101% over the past year. The company is forecast to post earnings per share of NT$234 for next year compared to NT$127 last year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$4,070, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 597% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$5,770 per share. Annuncio • Oct 14
Wiwynn Debuts Double-Wide Rack Architecture for Next-Generation AI at OCP Global Summit 2025 Wiwynn unveiled its double-wide rack architecture to address the industry shift toward larger, higher-power AI chips at the OCP Global Summit 2025 (Booth B13, San Jose Convention Center). The architecture brings together an HVDC power rack and busbar, advanced liquid cooling, and a signal-integ integrity-optimized compute/switch layout to tackle data transmission, power delivery, thermal, and mechanical challenges in high-density computing--propelling the future of AI and turning ideas into impact. Double-Wide Rack: Doubles the width of traditional rack to accommodate growing chip/module footprints as compute demand rises. The double-wide compute tray places four large AI accelerators side by side, supporting chips scaling to 9.5-reticle with 12x HBM and substrates up to 120 x 150 mm. The design reserves on-board high-speed interconnects and signal integrity while reducing cable routing and signal loss. It is co-designed with the switch tray configuration to ensure high-speed signal quality in scale-up scenarios. The compute and switch trays use an advanced mechanical design with a reinforced chassis to prevent sagging. The new architecture is engineered to accommodate next-generation accelerators such as AMD Instinct™? MI400 Series GPUs, enabling rack scale performance for frontier AI training and inference. HVDC power: To meet surging rack-level power density, the architecture adopts HVDC power delivery. A HVDC power rack converts AC to +-400/800 VDC and distributes it to IT racks next to it via vertical and horizontal busbars and connectors, significantly reducing distribution losses while boosting energy efficiency and scalability. With ecosystem partners, Wiwynn offers +-400/800 V DC and 50 VDC busbar options and the required power delivery boards (PDBs) to flexibly support data center needs. Liquid-cooled Busbar: Engineered for high-current busbars, integrating liquid cooling to control temperature and reliability, improving safety and stability. Supports Wiwynn's in-house design with flexible inlet/outlet configurations to fit diverse data center liquid-cooling loops, while also supporting multi-vendor solutions. Advanced Liquid Cooling Solutions: Targeting 4 kW class chip thermal capability, the portfolio includes high-efficiency cold plates, AALC, in-row CDUs, and liquid-cooling management. It balances reliability, serviceability, and scalability to deliver efficient, sustainable cooling for AI/HPC workloads. Buy Or Sell Opportunity • Sep 26
Now 21% undervalued Over the last 90 days, the stock has risen 21% to NT$3,050. The fair value is estimated to be NT$3,839, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 77% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$3,350, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 382% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$5,582 per share. Price Target Changed • Aug 12
Price target increased by 13% to NT$3,704 Up from NT$3,265, the current price target is an average from 16 analysts. New target price is 13% above last closing price of NT$3,280. Stock is up 68% over the past year. The company is forecast to post earnings per share of NT$226 for next year compared to NT$127 last year. Reported Earnings • Aug 09
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: NT$65.23 (up from NT$26.85 in 2Q 2024). Revenue: NT$220.7b (up 185% from 2Q 2024). Net income: NT$12.1b (up 158% from 2Q 2024). Profit margin: 5.5% (down from 6.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 17
Upcoming dividend of NT$74.00 per share Eligible shareholders must have bought the stock before 24 June 2025. Payment date: 17 July 2025. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.7%). Declared Dividend • May 31
Dividend increased to NT$74.00 Dividend of NT$74.00 is 76% higher than last year. Ex-date: 24th June 2025 Payment date: 17th July 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (39% 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 43% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 09
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: NT$52.70 (up from NT$26.92 in 1Q 2024). Revenue: NT$170.7b (up 145% from 1Q 2024). Net income: NT$9.79b (up 108% from 1Q 2024). Profit margin: 5.7% (down from 6.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 01
Wiwynn Corporation to Report Q1, 2025 Results on May 08, 2025 Wiwynn Corporation announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$1,910, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 115% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,526 per share. New Risk • Apr 07
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 7.8% 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 (7.8% average weekly change). High level of non-cash earnings (114% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Annuncio • Mar 14
Wiwynn Corporation Announces the Resignation of Sunlai Chang as Natural-Person Director, Effective May 29, 2025 Wiwynn Corporation received the resignation letter from natural-person director Sunlai Chang on March 11, 2025. The effective date of the resignation is May 29, 2025. Resume of the previous position holder: Director of Wiwynn Corporation. Original term from May 29, 2023 to May 28, 2026. Reason for the change: Personal circumstances. The election of the new independent director will be held at 2025 shareholders' meeting. Board Change • Mar 13
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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Charles Kau was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Mar 03
Wiwynn Corporation, Annual General Meeting, May 29, 2025 Wiwynn Corporation, Annual General Meeting, May 29, 2025. Location: 2 floor building. c no,94, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city Taiwan Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: NT$127 (vs NT$68.88 in FY 2023) Full year 2024 results: EPS: NT$127 (up from NT$68.88 in FY 2023). Revenue: NT$360.5b (up 49% from FY 2023). Net income: NT$22.8b (up 89% from FY 2023). Profit margin: 6.3% (up from 5.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 21
Wiwynn Corporation Announces Resignation of Steven Lu as Natural-Person Director, Effective May 29, 2025 Wiwynn Corporation announced resignation of the company's natural-person director. Title and name of the previous position holder: Director/Steven Lu; Resume of the previous position holder: Director of Wiwynn Corporation. Reason for the change: Personal circumstances. The effective date of the resignation is May 29, 2025. Annuncio • Feb 20
Wiwynn Corporation to Report Fiscal Year 2024 Results on Feb 27, 2025 Wiwynn Corporation announced that they will report fiscal year 2024 results on Feb 27, 2025 New Risk • Feb 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 8.2% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). High level of non-cash earnings (58% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$2,325, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 135% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$4,440 per share. New Risk • Dec 05
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 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (58% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (6.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$2,320, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 135% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,398 per share. Reported Earnings • Nov 15
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: NT$34.36 (up from NT$14.96 in 3Q 2023). Revenue: NT$97.8b (up 85% from 3Q 2023). Net income: NT$6.33b (up 142% from 3Q 2023). Profit margin: 6.5% (up from 5.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 06
Wiwynn Corporation to Report Q3, 2024 Results on Nov 13, 2024 Wiwynn Corporation announced that they will report Q3, 2024 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$1,990, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,628 per share. New Risk • Oct 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (6.3% increase in shares outstanding). Reported Earnings • Aug 10
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: NT$26.85 (up from NT$14.96 in 2Q 2023). Revenue: NT$77.5b (up 38% from 2Q 2023). Net income: NT$4.69b (up 80% from 2Q 2023). Profit margin: 6.1% (up from 4.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 02
Wiwynn Corporation to Report Q2, 2024 Results on Aug 08, 2024 Wiwynn Corporation announced that they will report Q2, 2024 results on Aug 08, 2024 Declared Dividend • May 27
Dividend reduced to NT$42.00 Dividend of NT$42.00 is 16% lower than last year. Ex-date: 11th June 2024 Payment date: 10th July 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 57% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 109% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • May 25
Wiwynn Corporation Approves Cash Dividend, Payable on July 10, 2024 Wiwynn Corporation announced at shareholders meeting held on May 24, 2024, approved cash dividend of TWD 42 per share, totally TWD 7,343,313,222 allocated for cash dividend. Ex-rights (ex-dividend) trading date: June 11, 2024. Ex-rights (ex-dividend) record date: June 17, 2024. Payment date of common stock cash dividend distribution: July 10, 2024. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$26.92 (vs NT$18.86 in 1Q 2023) First quarter 2024 results: EPS: NT$26.92 (up from NT$18.86 in 1Q 2023). Revenue: NT$69.6b (down 6.2% from 1Q 2023). Net income: NT$4.71b (up 43% from 1Q 2023). Profit margin: 6.8% (up from 4.4% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 01
Wiwynn Corporation to Report Q1, 2024 Results on May 07, 2024 Wiwynn Corporation announced that they will report Q1, 2024 results on May 07, 2024 Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$2,575, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 254% over the past three years. Price Target Changed • Mar 02
Price target increased by 7.2% to NT$2,603 Up from NT$2,427, the current price target is an average from 17 analysts. New target price is approximately in line with last closing price of NT$2,500. Stock is up 173% over the past year. The company is forecast to post earnings per share of NT$108 for next year compared to NT$68.88 last year. New Risk • Mar 01
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 7.6% 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 (7.6% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Feb 29
Price target increased by 7.4% to NT$2,606 Up from NT$2,427, the current price target is an average from 16 analysts. New target price is 12% above last closing price of NT$2,330. Stock is up 149% over the past year. The company is forecast to post earnings per share of NT$103 for next year compared to NT$68.88 last year. Reported Earnings • Feb 28
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: NT$68.88 (down from NT$81.07 in FY 2022). Revenue: NT$241.9b (down 17% from FY 2022). Net income: NT$12.0b (down 15% from FY 2022). Profit margin: 5.0% (up from 4.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 2.0%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 27
Wiwynn Corporation, Annual General Meeting, May 24, 2024 Wiwynn Corporation, Annual General Meeting, May 24, 2024. Location: Conference Room on the 2nd Floor, Building C, Oriental Science Park (2F., No. 94, Sec. 1, Xintai 5th Rd., Xizhi Dist New Taipei City Taiwan Agenda: To Report the business of 2023; to consider Audit Committee's review report; to consider Report 2023 employees' profit sharing and directors' compensation; to consider Ratification of the Business Report and Financial Statements of 2023; to consider Ratification of the proposal for distribution of 2023 profits; and to discuss other matters. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$2,185, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 186% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,149 per share. Price Target Changed • Jan 20
Price target increased by 7.3% to NT$2,301 Up from NT$2,143, the current price target is an average from 16 analysts. New target price is 16% above last closing price of NT$1,990. Stock is up 154% over the past year. The company is forecast to post earnings per share of NT$67.15 for next year compared to NT$81.07 last year. Reported Earnings • Nov 08
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: NT$14.96 (down from NT$24.68 in 3Q 2022). Revenue: NT$52.8b (down 34% from 3Q 2022). Net income: NT$2.62b (down 39% from 3Q 2022). Profit margin: 5.0% (down from 5.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 5.5%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$1,770, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$802 per share. Price Target Changed • Aug 09
Price target increased by 8.1% to NT$1,915 Up from NT$1,770, the current price target is an average from 16 analysts. New target price is 13% above last closing price of NT$1,690. Stock is up 136% over the past year. The company is forecast to post earnings per share of NT$68.71 for next year compared to NT$81.07 last year. Reported Earnings • Aug 08
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: NT$14.96 (down from NT$20.38 in 2Q 2022). Revenue: NT$56.3b (down 25% from 2Q 2022). Net income: NT$2.62b (down 27% from 2Q 2022). Profit margin: 4.6% (down from 4.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 9.6%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$1,555, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to NT$1,945, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 188% over the past three years. Price Target Changed • Jul 12
Price target increased by 8.9% to NT$1,445 Up from NT$1,328, the current price target is an average from 15 analysts. New target price is 17% below last closing price of NT$1,735. Stock is up 157% over the past year. The company is forecast to post earnings per share of NT$77.07 for next year compared to NT$81.07 last year. Price Target Changed • Jul 01
Price target increased by 8.6% to NT$1,328 Up from NT$1,223, the current price target is an average from 15 analysts. New target price is 6.5% below last closing price of NT$1,420. Stock is up 114% over the past year. The company is forecast to post earnings per share of NT$77.56 for next year compared to NT$81.07 last year. New Risk • Jul 01
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 Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$1,420, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$620 per share. Annuncio • Jun 16
Wiwynn Corporation Announces Remuneration Committee Changes Wiwynn Corporation announced that name and resume of the previous position holder Cathy Han/Independent Director of Wiwynn Corporation; Charles Kau/Independent Director of Wiwynn Corporation; and Victor Cheng/Independent Director of Wiwynn Corporation with name and resume of the new position holder Simon Dzeng/Independent Director of Wiwynn Corporation; Charles Kau/Independent Director of Wiwynn Corporation; and Victor Cheng/Independent Director of Wiwynn Corporation. Effective date of the new member is June 15, 2023. Upcoming Dividend • Jun 07
Upcoming dividend of NT$50.00 per share at 4.2% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). In line with average of industry peers (4.4%).