Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$7.78, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to NT$6.05, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total loss to shareholders of 62% over the past three years. 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 9.6% 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 Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$10m (NT$329.7m market cap, or US$9.97m). Minor Risk Revenue is less than US$5m (NT$145m revenue, or US$4.4m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to NT$9.00, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 27x in the Communications industry in Taiwan. Total loss to shareholders of 35% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.21 (vs NT$0.40 loss in FY 2023) Full year 2024 results: EPS: NT$0.21 (up from NT$0.40 loss in FY 2023). Revenue: NT$145.3m (up 11% from FY 2023). Net income: NT$7.53m (up NT$22.1m from FY 2023). Profit margin: 5.2% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. 공시 • Mar 06
AcSiP Technology Corp., Annual General Meeting, Jun 03, 2025 AcSiP Technology Corp., Annual General Meeting, Jun 03, 2025. Location: no,542, chung cheng rd., sinjhuang district, new taipei city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (6.2% average weekly change). Revenue is less than US$5m (NT$139m revenue, or US$4.2m). Market cap is less than US$100m (NT$404.8m market cap, or US$12.3m). New Risk • Oct 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NT$305.9m (US$9.54m) This is considered a major 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 Market cap is less than US$10m (NT$305.9m market cap, or US$9.54m). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (NT$139m revenue, or US$4.3m). Reported Earnings • Apr 10
Full year 2023 earnings released: NT$0.40 loss per share (vs NT$0.19 loss in FY 2022) Full year 2023 results: NT$0.40 loss per share (further deteriorated from NT$0.19 loss in FY 2022). Revenue: NT$130.8m (down 34% from FY 2022). Net loss: NT$14.6m (loss widened 106% from FY 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. 공시 • Mar 29
AcSiP Technology Corp., Annual General Meeting, Jun 18, 2024 AcSiP Technology Corp., Annual General Meeting, Jun 18, 2024. Buy Or Sell Opportunity • Mar 04
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 79% to NT$15.00. The fair value is estimated to be NT$11.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Revenue is less than US$5m (NT$155m revenue, or US$4.9m). Market cap is less than US$100m (NT$492.7m market cap, or US$15.6m). Buy Or Sell Opportunity • Jan 19
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to NT$13.10. The fair value is estimated to be NT$10.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Nov 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NT$296.7m (US$9.39m) This is considered a major 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 Market cap is less than US$10m (NT$296.7m market cap, or US$9.39m). Minor Risk Revenue is less than US$5m (NT$155m revenue, or US$4.9m). Reported Earnings • Aug 15
First half 2022 earnings released: NT$0.29 loss per share (vs NT$0.31 loss in 1H 2021) First half 2022 results: NT$0.29 loss per share (up from NT$0.31 loss in 1H 2021). Revenue: NT$113.5m (up 89% from 1H 2021). Net loss: NT$10.5m (loss narrowed 7.8% from 1H 2021). 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 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 21
Full year 2020 earnings released: NT$0.87 loss per share (vs NT$0.83 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$101.8m (up 7.4% from FY 2019). Net loss: NT$31.9m (loss widened 22% from FY 2019). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 공시 • Mar 19
AcSiP Technology Corp., Annual General Meeting, Jun 22, 2021 AcSiP Technology Corp., Annual General Meeting, Jun 22, 2021. Is New 90 Day High Low • Feb 06
New 90-day high: NT$10.05 The company is up 30% from its price of NT$7.73 on 05 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: NT$9.36 The company is up 8.0% from its price of NT$8.67 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 18% over the same period. Is New 90 Day High Low • Nov 12
New 90-day low: NT$7.40 The company is down 18% from its price of NT$9.00 on 14 August 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: NT$7.41 The company is down 19% from its price of NT$9.20 on 29 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: NT$7.87 The company is down 20% from its price of NT$9.88 on 07 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 8.0% over the same period.