New Risk • May 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$1.15b market cap, or US$36.5m). 공시 • Mar 23
Lex Computech Co.,Ltd, Annual General Meeting, Jun 17, 2026 Lex Computech Co.,Ltd, Annual General Meeting, Jun 17, 2026, at 10:00 Taipei Standard Time. Location: 3 floor no,77, li to st., jhonghe district, new taipei city Taiwan Board Change • Mar 13
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. 9 experienced directors. No highly experienced directors. 4 independent directors (5 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. Declared Dividend • Aug 13
Dividend of NT$1.59 announced Shareholders will receive a dividend of NT$1.59. Ex-date: 27th August 2025 Payment date: 30th September 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (35% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 144% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Aug 06
Now 21% undervalued Over the last 90 days, the stock has risen 17% to NT$43.15. The fair value is estimated to be NT$54.46, 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. Earnings per share has grown by 8.6%. New Risk • Aug 05
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 6.2% 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 (6.2% average weekly change). Market cap is less than US$100m (NT$974.6m market cap, or US$32.5m). Buy Or Sell Opportunity • May 12
Now 21% overvalued Over the last 90 days, the stock has fallen 5.1% to NT$38.10. The fair value is estimated to be NT$31.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last year. Earnings per share has declined by 33%. Buy Or Sell Opportunity • Apr 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to NT$40.60. The fair value is estimated to be NT$33.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last year. Earnings per share has declined by 33%. 공시 • Mar 21
Lex Computech Co.,Ltd, Annual General Meeting, Jun 19, 2025 Lex Computech Co.,Ltd, Annual General Meeting, Jun 19, 2025. Location: 3 floor no,77, li to st., jhonghe district, new taipei 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 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. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 7.3% over the past year. 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 (6.1% average weekly change). Market cap is less than US$100m (NT$895.0m market cap, or US$27.2m). 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: Major Risk Revenue has declined by 7.3% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (NT$898.3m market cap, or US$27.3m). Buy Or Sell Opportunity • Feb 06
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at NT$41.85. The fair value is estimated to be NT$34.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last year. Earnings per share has declined by 33%. Buy Or Sell Opportunity • Jan 08
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at NT$42.00. The fair value is estimated to be NT$34.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last year. Earnings per share has declined by 33%. Buy Or Sell Opportunity • Sep 13
Now 21% overvalued Over the last 90 days, the stock has fallen 9.5% to NT$41.50. The fair value is estimated to be NT$34.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last year. Earnings per share has declined by 33%. 공시 • Mar 21
Lex Computech Co., Ltd., Annual General Meeting, Jun 19, 2024 Lex Computech Co., Ltd., Annual General Meeting, Jun 19, 2024.