Buy Or Sell Opportunity • May 06
Now 21% undervalued Over the last 90 days, the stock has risen 3.7% to NT$30.55. The fair value is estimated to be NT$38.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Apr 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.3% to NT$30.10. The fair value is estimated to be NT$37.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Apr 16
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 8.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 High level of non-cash earnings (182% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$1.97b market cap, or US$62.6m). Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$22.26 (vs NT$1.53 loss in FY 2024) Full year 2025 results: EPS: NT$22.26 (up from NT$1.53 loss in FY 2024). Revenue: NT$573.8m (down 7.2% from FY 2024). Net income: NT$1.42b (up NT$1.52b from FY 2024). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 공시 • Mar 12
Everbrite Technology Co., Ltd., Annual General Meeting, Jun 12, 2026 Everbrite Technology Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,19-5 ln.170, chung ta rd., jhongli district, taoyuan city Taiwan New Risk • Mar 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 7.7% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (106% accrual ratio). 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$2.29b market cap, or US$72.1m). New Risk • Dec 03
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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (106% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$1.82b market cap, or US$58.0m). New Risk • Nov 21
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (106% accrual ratio). Minor Risk Market cap is less than US$100m (NT$1.83b market cap, or US$58.2m). Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$29.09 (vs NT$0.45 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$29.09 (up from NT$0.45 loss in 3Q 2024). Revenue: NT$123.9m (down 3.0% from 3Q 2024). Net income: NT$1.86b (up NT$1.89b from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$3.86 loss per share (vs NT$0.24 loss in 2Q 2024) Second quarter 2025 results: NT$3.86 loss per share (further deteriorated from NT$0.24 loss in 2Q 2024). Revenue: NT$174.8m (up 23% from 2Q 2024). Net loss: NT$247.0m (loss widened NT$231.9m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
First quarter 2025 earnings released: NT$1.94 loss per share (vs NT$0.089 loss in 1Q 2024) First quarter 2025 results: NT$1.94 loss per share (further deteriorated from NT$0.089 loss in 1Q 2024). Revenue: NT$161.0m (up 28% from 1Q 2024). Net loss: NT$124.3m (loss widened NT$118.6m from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. 공시 • Apr 30
Everbrite Technology Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 Everbrite Technology Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Reported Earnings • Apr 02
Full year 2024 earnings released: NT$1.53 loss per share (vs NT$0.25 loss in FY 2023) Full year 2024 results: NT$1.53 loss per share (further deteriorated from NT$0.25 loss in FY 2023). Revenue: NT$618.0m (up 6.1% from FY 2023). Net loss: NT$97.8m (loss widened NT$81.5m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. 공시 • Mar 17
Everbrite Technology Co., Ltd., Annual General Meeting, Jun 18, 2025 Everbrite Technology Co., Ltd., Annual General Meeting, Jun 18, 2025. Location: no,19-5 ln.170, chung ta rd., jhongli district, taoyuan city Taiwan 공시 • Mar 07
Everbrite Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 14, 2025 Everbrite Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 14, 2025 Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.44 loss per share (vs NT$0.16 loss in 3Q 2023) Third quarter 2024 results: NT$0.44 loss per share (further deteriorated from NT$0.16 loss in 3Q 2023). Revenue: NT$127.8m (down 6.4% from 3Q 2023). Net loss: NT$28.9m (loss widened 186% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. 공시 • Nov 06
Everbrite Technology Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Everbrite Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 공시 • Oct 02
Everbrite Technology Co., Ltd. Announces Changes in Corporate Governance Officer Everbrite Technology Co., Ltd. announced Changes in Corporate Governance Officer. Name, title, and resume of the new position holder: Corporate Governance Officer: HSIEH, SHU-LAN Assistant Vice President of the Finance Department at the Company. Reason for the change: Organizational Planning Adjustment. Effective date: Corporate Governance Officer: September 13, 2024. Any other matters that need to be specified: (1)The Company announced a Material Information regarding the change of the Corporate Governance Officer on September 13, 2024, which was approved by the Board of Directors on October 1, 2024. Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.24 loss per share (vs NT$0.90 loss in 2Q 2023) Second quarter 2024 results: NT$0.24 loss per share (improved from NT$0.90 loss in 2Q 2023). Revenue: NT$142.7m (down 5.3% from 2Q 2023). Net loss: NT$15.2m (loss narrowed 74% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Aug 02
Everbrite Technology Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Everbrite Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jun 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$98.1m) 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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NT$399m free cash flow). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (NT$3.17b market cap, or US$98.1m). Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.09 loss per share (vs NT$2.26 profit in 1Q 2023) First quarter 2024 results: NT$0.09 loss per share (down from NT$2.26 profit in 1Q 2023). Revenue: NT$125.9m (up 1.0% from 1Q 2023). Net loss: NT$5.70m (down 104% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 24
Full year 2023 earnings released: NT$0.25 loss per share (vs NT$1.44 loss in FY 2022) Full year 2023 results: NT$0.25 loss per share (improved from NT$1.44 loss in FY 2022). Revenue: NT$582.6m (up 4.6% from FY 2022). Net loss: NT$16.3m (loss narrowed 82% from FY 2022). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. 공시 • Mar 14
Everbrite Technology Co., Ltd., Annual General Meeting, Jun 06, 2024 Everbrite Technology Co., Ltd., Annual General Meeting, Jun 06, 2024. Location: No. 19-5, Ln. 170, Zhongda Rd., Zhongli Dist Taoyuan City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee's Review Report; to consider the Amount of Endorsements/Guarantees by the Company; and to consider other matters. New Risk • Nov 22
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (43% accrual ratio). Minor Risk Market cap is less than US$100m (NT$2.96b market cap, or US$94.4m). New Risk • Aug 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.12b (US$97.6m) 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: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (34% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.12b market cap, or US$97.6m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: NT$0.90 loss per share (vs NT$0.99 loss in 2Q 2022) Second quarter 2023 results: NT$0.90 loss per share (improved from NT$0.99 loss in 2Q 2022). Revenue: NT$150.8m (up 11% from 2Q 2022). Net loss: NT$57.4m (loss narrowed 9.7% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. 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 7.8% 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 (23% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (NT$2.94b market cap, or US$94.5m). 공시 • Jun 11
Everbrite Technology Co., Ltd. Announces New Appointments Everbrite Technology Co., Ltd. announced the company's Audit Committee Members' term expired and new appointments. Name of the previous position holder: Tsai, Chung-Ching; Chen, Chung-Yu and Cheng, Kuang-I. Resume of the previous position holder: Independent Director: Tsai, Chung-Ching (Independent Director, Rich Circle Development Co., Ltd.); Independent Director: Chen, Chung-Yu (Responsible Person, Yong-Xu CPA Firm) and Independent Director: Cheng, Kuang-I (Presiding Attorney, Everest Law Firm). Name of the new position holder: Cheng, Kuang-I; Lai, Kai-Yun and Tang, Meng-Han. Resume of the new position holder: Independent Director: Cheng, Kuang-I (Presiding Attorney, Everest Law Firm), Independent Director: Lai, Kai-Yun (Presiding, Shang Fan CPA Firm) and Independent Director: Tang, Meng-Han (Chairman, Sherpa Holdings Co., Ltd.). Date of occurrence of the change: June 9, 2023. Reported Earnings • Mar 31
Full year 2022 earnings released: NT$1.44 loss per share (vs NT$0.22 loss in FY 2021) Full year 2022 results: NT$1.44 loss per share (further deteriorated from NT$0.22 loss in FY 2021). Revenue: NT$557.2m (down 23% from FY 2021). Net loss: NT$91.9m (loss widened NT$77.6m from FY 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 20
Third quarter 2022 earnings released: NT$0.43 loss per share (vs NT$0.25 loss in 3Q 2021) Third quarter 2022 results: NT$0.43 loss per share (further deteriorated from NT$0.25 loss in 3Q 2021). Revenue: NT$133.4m (down 2.3% from 3Q 2021). Net loss: NT$27.3m (loss widened 72% from 3Q 2021). 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 16% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Chung-Yu Chen is the most experienced director on the board, commencing their role in 2020. Independent Director Kuang-I Cheng 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. Lack of board continuity. Lack of experienced directors. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.63 (vs NT$0.31 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.63 (up from NT$0.31 loss in 1Q 2021). Revenue: NT$148.1m (down 27% from 1Q 2021). Net income: NT$40.5m (up NT$60.2m from 1Q 2021). Profit margin: 27% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 24% per year. Board Change • Apr 27
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. 12 experienced directors. No highly experienced directors. No independent directors (9 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. Reported Earnings • Apr 01
Full year 2021 earnings released: NT$0.22 loss per share (vs NT$4.74 loss in FY 2020) Full year 2021 results: NT$0.22 loss per share (up from NT$4.74 loss in FY 2020). Revenue: NT$724.1m (up 7.2% from FY 2020). Net loss: NT$14.3m (loss narrowed 95% from FY 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 17
Third quarter 2021 earnings released: NT$0.25 loss per share (vs NT$1.80 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: NT$136.5m (down 25% from 3Q 2020). Net loss: NT$15.9m (loss narrowed 86% from 3Q 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 34% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.17 (vs NT$1.13 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$180.3m (up 4.9% from 2Q 2020). Net income: NT$10.9m (up NT$83.3m from 2Q 2020). Profit margin: 6.0% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • May 18
First quarter 2021 earnings released: NT$0.31 loss per share (vs NT$0.80 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$203.5m (up 26% from 1Q 2020). Net loss: NT$19.7m (loss narrowed 61% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: NT$4.74 loss per share (vs NT$2.75 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$675.4m (down 30% from FY 2019). Net loss: NT$303.2m (loss widened 72% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 03
New 90-day low: NT$25.30 The company is down 3.0% from its price of NT$26.00 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 13% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: NT$1.80 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$180.8m (down 32% from 3Q 2019). Net loss: NT$115.0m (loss widened 385% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Sep 21
New 90-day high: NT$38.10 The company is up 79% from its price of NT$21.30 on 23 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 4.0% over the same period.