New Risk • Jul 17
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 9.6% 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: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Declared Dividend • Jun 26
Dividend of NT$0.20 announced Shareholders will receive a dividend of NT$0.20. Ex-date: 9th July 2026 Payment date: 10th August 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$0.33 (vs NT$0.22 in 1Q 2025) First quarter 2026 results: EPS: NT$0.33 (up from NT$0.22 in 1Q 2025). Revenue: NT$1.08b (up 7.4% from 1Q 2025). Net income: NT$45.7m (up 48% from 1Q 2025). Profit margin: 4.2% (up from 3.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 12
Full year 2025 earnings released: NT$0.39 loss per share (vs NT$0.45 profit in FY 2024) Full year 2025 results: NT$0.39 loss per share (down from NT$0.45 profit in FY 2024). Revenue: NT$3.82b (up 8.8% from FY 2024). Net loss: NT$53.9m (down 186% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. お知らせ • Mar 12
Min Aik Technology Co., Ltd., Annual General Meeting, Jun 17, 2026 Min Aik Technology Co., Ltd., Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: no,200, sec.1 ta hsing w. rd., taoyuan district, taoyuan city Taiwan Buy Or Sell Opportunity • Jan 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to NT$34.40. The fair value is estimated to be NT$28.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 07
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to NT$36.35. The fair value is estimated to be NT$28.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Dec 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to NT$34.95. The fair value is estimated to be NT$28.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Meanwhile, the company became loss making. New Risk • Nov 10
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 8.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 08
Third quarter 2025 earnings released: NT$0.08 loss per share (vs NT$0.32 loss in 3Q 2024) Third quarter 2025 results: NT$0.08 loss per share (improved from NT$0.32 loss in 3Q 2024). Revenue: NT$795.9m (down 14% from 3Q 2024). Net loss: NT$10.5m (loss narrowed 76% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year. New Risk • Oct 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.03b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization 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: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (NT$3.03b market cap, or US$98.7m). Buy Or Sell Opportunity • Oct 08
Now 24% undervalued Over the last 90 days, the stock has risen 26% to NT$25.60. The fair value is estimated to be NT$33.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. New Risk • Sep 22
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 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Declared Dividend • Jun 28
Dividend increased to NT$0.35 Dividend of NT$0.35 is 40% higher than last year. Ex-date: 16th July 2025 Payment date: 7th August 2025 Dividend yield will be 1.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (61% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jun 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.94b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization 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: Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (NT$2.94b market cap, or US$99.1m). Reported Earnings • May 10
First quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.11 in 1Q 2024) First quarter 2025 results: EPS: NT$0.22 (up from NT$0.11 in 1Q 2024). Revenue: NT$1.01b (up 29% from 1Q 2024). Net income: NT$30.8m (up 109% from 1Q 2024). Profit margin: 3.1% (up from 1.9% 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 46% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. お知らせ • May 01
Min Aik Technology Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Min Aik Technology Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$24.30, the stock trades at a trailing P/E ratio of 53.5x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 29% over the past three years. New Risk • Apr 23
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 9.0% 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 (9.0% average weekly change). Market cap is less than US$100m (NT$3.21b market cap, or US$98.6m). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$22.25, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$29.45, the stock trades at a trailing P/E ratio of 64.9x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 38% over the past three years. Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$0.45 (vs NT$1.57 loss in FY 2023) Full year 2024 results: EPS: NT$0.45 (up from NT$1.57 loss in FY 2023). Revenue: NT$3.51b (up 32% from FY 2023). Net income: NT$62.4m (up NT$278.1m from FY 2023). Profit margin: 1.8% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. お知らせ • Mar 14
Min Aik Technology Co., Ltd., Annual General Meeting, Jun 26, 2025 Min Aik Technology Co., Ltd., Annual General Meeting, Jun 26, 2025, at 09:00 Taipei Standard Time. Location: no,200, sec.1 ta hsing w. rd., taoyuan district, taoyuan city Taiwan お知らせ • Mar 13
Min Aik Technology Co., Ltd. Announces Cash Dividend for the Year Ended December 31, 2024 Min Aik Technology Co., Ltd. announced cash dividends to shareholders of TWD 0.35 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders: TWD 48,147,117. Date of the board of directors resolution: March 12, 2025. お知らせ • Mar 05
Min Aik Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 Min Aik Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 New Risk • Dec 25
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. This is currently the only risk that has been identified for the company. New Risk • Nov 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.23b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 10
Third quarter 2024 earnings released: NT$0.32 loss per share (vs NT$0.085 profit in 3Q 2023) Third quarter 2024 results: NT$0.32 loss per share (down from NT$0.085 profit in 3Q 2023). Revenue: NT$921.4m (up 23% from 3Q 2023). Net loss: NT$44.0m (down 475% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.24 (vs NT$0.39 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.24 (up from NT$0.39 loss in 2Q 2023). Revenue: NT$876.7m (up 47% from 2Q 2023). Net income: NT$33.0m (up NT$86.1m from 2Q 2023). Profit margin: 3.8% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. お知らせ • Aug 02
Min Aik Technology Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Min Aik Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Upcoming Dividend • Jul 04
Upcoming dividend of NT$0.25 per share Eligible shareholders must have bought the stock before 11 July 2024. Payment date: 08 August 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.6%). Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$0.11 (vs NT$0.84 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.11 (up from NT$0.84 loss in 1Q 2023). Revenue: NT$778.9m (up 46% from 1Q 2023). Net income: NT$14.8m (up NT$129.9m from 1Q 2023). Profit margin: 1.9% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. お知らせ • May 03
Min Aik Technology Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Min Aik Technology Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 15
Full year 2023 earnings released: NT$1.57 loss per share (vs NT$0.29 profit in FY 2022) Full year 2023 results: NT$1.57 loss per share (down from NT$0.29 profit in FY 2022). Revenue: NT$2.66b (down 18% from FY 2022). Net loss: NT$215.6m (down NT$255.4m from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$0.39 loss per share (vs NT$0.54 profit in 2Q 2022) Second quarter 2023 results: NT$0.39 loss per share (down from NT$0.54 profit in 2Q 2022). Revenue: NT$596.3m (down 38% from 2Q 2022). Net loss: NT$53.1m (down 172% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 26
Upcoming dividend of NT$0.30 per share at 1.5% yield Eligible shareholders must have bought the stock before 02 August 2023. Payment date: 28 August 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%). Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: NT$0.29 (vs NT$1.36 in FY 2021) Full year 2022 results: EPS: NT$0.29 (down from NT$1.36 in FY 2021). Revenue: NT$3.22b (down 23% from FY 2021). Net income: NT$39.8m (down 79% from FY 2021). Profit margin: 1.2% (down from 4.5% 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 102% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 11 experienced directors. No highly experienced directors. 2 independent directors (6 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: NT$0.09 (vs NT$0.62 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.09 (down from NT$0.62 in 3Q 2021). Revenue: NT$685.9m (down 35% from 3Q 2021). Net income: NT$12.9m (down 85% from 3Q 2021). Profit margin: 1.9% (down from 8.1% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.54 (vs NT$0.30 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.54 (up from NT$0.30 in 2Q 2021). Revenue: NT$957.4m (down 1.3% from 2Q 2021). Net income: NT$74.2m (up 79% from 2Q 2021). Profit margin: 7.8% (up from 4.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 01
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 08 July 2022. Payment date: 29 July 2022. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (4.7%). Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.19 (vs NT$0.038 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.19 (up from NT$0.038 loss in 1Q 2021). Revenue: NT$967.7m (up 11% from 1Q 2021). Net income: NT$25.6m (up NT$30.7m from 1Q 2021). Profit margin: 2.6% (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 increased by 77% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. 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. 11 experienced directors. No highly experienced directors. 2 independent directors (6 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: Minority of independent directors. Insufficient board refreshment. お知らせ • Mar 23
Min Aik Technology Co., Ltd., Annual General Meeting, Jun 14, 2022 Min Aik Technology Co., Ltd., Annual General Meeting, Jun 14, 2022. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$1.36 (up from NT$1.85 loss in FY 2020). Revenue: NT$4.16b (up 6.9% from FY 2020). Net income: NT$186.9m (up NT$441.1m from FY 2020). Profit margin: 4.5% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.62 (vs NT$0.48 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.06b (up 20% from 3Q 2020). Net income: NT$85.6m (up NT$152.3m from 3Q 2020). Profit margin: 8.1% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.30 (vs NT$0.38 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$970.4m (up 6.8% from 2Q 2020). Net income: NT$41.4m (up NT$93.3m from 2Q 2020). Profit margin: 4.3% (up from net loss in 2Q 2020). The move to profitability was primarily 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 10% per year. Reported Earnings • May 14
First quarter 2021 earnings released: NT$0.04 loss per share (vs NT$0.50 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: NT$870.5m (down 23% from 1Q 2020). Net loss: NT$5.16m (loss narrowed 93% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. お知らせ • Mar 20
Min Aik Technology Co., Ltd., Annual General Meeting, Jun 11, 2021 Min Aik Technology Co., Ltd., Annual General Meeting, Jun 11, 2021. Reported Earnings • Mar 19
Full year 2020 earnings released: NT$1.85 loss per share (vs NT$2.67 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: NT$3.89b (down 28% from FY 2019). Net loss: NT$254.2m (loss narrowed 31% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 25
New 90-day high: NT$15.80 The company is up 18% from its price of NT$13.40 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: NT$15.05 The company is up 6.0% from its price of NT$14.20 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.48 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: NT$885.1m (down 35% from 3Q 2019). Net loss: NT$66.6m (loss narrowed 8.8% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.