New Risk • Jul 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 9.3% 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 Dividend is not well covered by cash flows (92% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$303, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 386% over the past three years. Declared Dividend • Jun 06
Dividend of NT$7.00 announced Dividend of NT$7.00 is the same as last year. Ex-date: 2nd July 2026 Payment date: 22nd July 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$256, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 362% over the past three years. Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Chu Hsu was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 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 9.2% 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 Dividend is not well covered by cash flows (137% cash payout ratio). Share price has been volatile over the past 3 months (9.2% average weekly change). Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$208, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 346% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$176, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 324% over the past three years. Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$8.67 (vs NT$8.69 in FY 2024) Full year 2025 results: EPS: NT$8.67 (down from NT$8.69 in FY 2024). Revenue: NT$7.58b (up 12% from FY 2024). Net income: NT$1.06b (flat on FY 2024). Profit margin: 14% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Mar 09
Jess-link Products Co., Ltd., Annual General Meeting, May 26, 2026 Jess-link Products Co., Ltd., Annual General Meeting, May 26, 2026. Location: 3 floor no,631, chung cheng rd., jhonghe district, new taipei city Taiwan Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$2.38 (vs NT$2.18 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.38 (up from NT$2.18 in 3Q 2024). Revenue: NT$2.12b (up 13% from 3Q 2024). Net income: NT$290.5m (up 9.3% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$162, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 373% over the past three years. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: NT$2.09 (vs NT$2.65 in 2Q 2024) Second quarter 2025 results: EPS: NT$2.09 (down from NT$2.65 in 2Q 2024). Revenue: NT$1.94b (up 11% from 2Q 2024). Net income: NT$254.8m (down 21% from 2Q 2024). Profit margin: 13% (down from 19% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% 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 • Jul 03
Upcoming dividend of NT$7.00 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 25 July 2025. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.7%). Declared Dividend • Jun 16
Dividend increased to NT$7.00 Dividend of NT$7.00 is 67% higher than last year. Ex-date: 10th July 2025 Payment date: 25th July 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jun 09
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 8.9% 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 High level of non-cash earnings (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (124% cash payout ratio). Share price has been volatile over the past 3 months (8.9% average weekly change). New Risk • May 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 (20% accrual ratio). Minor Risk Dividend is not well covered by cash flows (124% cash payout ratio). 공고 • Apr 29
Jess-link Products Co., Ltd. to Report Q1, 2025 Results on May 06, 2025 Jess-link Products Co., Ltd. announced that they will report Q1, 2025 results on May 06, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to NT$103, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 196% over the past three years. New Risk • Apr 07
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 6.3% 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 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 (6.3% average weekly change). Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: NT$8.69 (vs NT$5.20 in FY 2023) Full year 2024 results: EPS: NT$8.69 (up from NT$5.20 in FY 2023). Revenue: NT$6.77b (up 36% from FY 2023). Net income: NT$1.06b (up 67% from FY 2023). Profit margin: 16% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Feb 26
Jess-link Products Co., Ltd., Annual General Meeting, May 27, 2025 Jess-link Products Co., Ltd., Annual General Meeting, May 27, 2025. Location: 3 floor no,631, chung cheng rd., jhonghe district, new taipei city Taiwan Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: NT$2.18 (vs NT$1.47 in 3Q 2023) Third quarter 2024 results: EPS: NT$2.18 (up from NT$1.47 in 3Q 2023). Revenue: NT$1.88b (up 40% from 3Q 2023). Net income: NT$265.8m (up 48% from 3Q 2023). Profit margin: 14% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 29
Now 21% undervalued Over the last 90 days, the stock has risen 5.2% to NT$173. The fair value is estimated to be NT$219, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 35%. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$188, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 526% over the past three years. Buy Or Sell Opportunity • Sep 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to NT$170. The fair value is estimated to be NT$219, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 35%. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$154, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 415% over the past three years. Buy Or Sell Opportunity • Sep 02
Now 22% undervalued Over the last 90 days, the stock has risen 4.0% to NT$171. The fair value is estimated to be NT$219, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 35%. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$2.65 (vs NT$1.57 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.65 (up from NT$1.57 in 2Q 2023). Revenue: NT$1.75b (up 65% from 2Q 2023). Net income: NT$323.2m (up 68% from 2Q 2023). Profit margin: 19% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$140, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 349% over the past three years. 공고 • Jul 30
Jess-link Products Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024 Jess-link Products Co., Ltd. announced that they will report Q2, 2024 results on Aug 06, 2024 Buy Or Sell Opportunity • Jul 10
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.4% to NT$173. The fair value is estimated to be NT$142, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 31%. Upcoming Dividend • Jun 30
Upcoming dividend of NT$4.20 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.8%). Declared Dividend • Jun 15
Dividend increased to NT$4.20 Dividend of NT$4.20 is 31% higher than last year. Ex-date: 4th July 2024 Payment date: 26th July 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Buy Or Sell Opportunity • Jun 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to NT$171. The fair value is estimated to be NT$141, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 29%. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$164, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total returns to shareholders of 431% over the past three years. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$1.94 (vs NT$0.84 in 1Q 2023) First quarter 2024 results: EPS: NT$1.94 (up from NT$0.84 in 1Q 2023). Revenue: NT$1.48b (up 36% from 1Q 2023). Net income: NT$237.4m (up 132% from 1Q 2023). Profit margin: 16% (up from 9.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. 공고 • May 02
Jess-link Products Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 Jess-link Products Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to NT$137, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total returns to shareholders of 305% over the past three years. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$127, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 25x in the Tech industry in Taiwan. Total returns to shareholders of 267% over the past three years. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: NT$5.20 (vs NT$3.60 in FY 2022) Full year 2023 results: EPS: NT$5.20 (up from NT$3.60 in FY 2022). Revenue: NT$4.96b (up 14% from FY 2022). Net income: NT$635.4m (up 45% from FY 2022). Profit margin: 13% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Mar 07
Jess-link Products Co., Ltd., Annual General Meeting, Jun 13, 2024 Jess-link Products Co., Ltd., Annual General Meeting, Jun 13, 2024. Location: (RSL Hotel Taipei Zhonghe) 3rd Floor, No. 631, Zhongzheng Road, Zhonghe District, New Taipei City Taiwan Agenda: To report the business of 2023 and 2024 annual business plan; to consider audit Committee's review report for the year 2023; to report the proposal of cash distribution from Capital Surplus; to consider report 2023 employees' profit sharing bonus and director's compensation; to ratify the Business Report and Financial Statements for the year 2023; to ratify the Distribution of Earnings for the year 2023; and to consider other matters. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$106, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$92.80, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 204% over the past three years. 공고 • Dec 16
Jess-link Products Co., Ltd. Appoints Wei-San Chang as Chief Information Security Officer Jess-link Products Co., Ltd. announced the appointment of Chief Information Security Officer. Name, title, and resume of the new position holder: Wei-San Chang, Chief of Operation of JESS-LINK PRODUCTS CO.,LTD. Reason for the change: New replacement. Effective date: December 15, 2023. Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: NT$1.47 (vs NT$1.80 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.47 (down from NT$1.80 in 3Q 2022). Revenue: NT$1.34b (up 16% from 3Q 2022). Net income: NT$179.1m (down 18% from 3Q 2022). Profit margin: 13% (down from 19% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Nov 07
Now 24% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be NT$113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 26%. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$87.00, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 150% over the past three years. Reported Earnings • Aug 07
Second quarter 2023 earnings released: EPS: NT$1.57 (vs NT$1.10 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.57 (up from NT$1.10 in 2Q 2022). Revenue: NT$1.06b (down 1.1% from 2Q 2022). Net income: NT$191.9m (up 43% from 2Q 2022). Profit margin: 18% (up from 13% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 25% per year. Upcoming Dividend • Jul 05
Upcoming dividend of NT$3.20 per share at 4.5% yield Eligible shareholders must have bought the stock before 12 July 2023. Payment date: 28 July 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.7%). 공고 • Jun 28
Jess-Link Products Co., Ltd. Announces Cash Distributed, Payable on July 28, 2023 Jess-link Products Co., Ltd. announced total amount of cash distributed to shareholders TWD 390,674,822 (TWD 3.2 per share). Ex-rights (ex-dividend) trading date: July 12, 2023; Ex-rights (ex-dividend) record date: July 18, 2023; Payment date of cash dividend distribution: July 28, 2023. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: NT$3.60 (vs NT$3.06 in FY 2021) Full year 2022 results: EPS: NT$3.60 (up from NT$3.06 in FY 2021). Revenue: NT$4.34b (up 12% from FY 2021). Net income: NT$439.8m (up 18% from FY 2021). Profit margin: 10% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. 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. 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. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$1.79 (vs NT$0.83 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.79 (up from NT$0.83 in 3Q 2021). Revenue: NT$1.16b (up 11% from 3Q 2021). Net income: NT$219.1m (up 117% from 3Q 2021). Profit margin: 19% (up from 9.7% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 공고 • Nov 05
Jess-Link Products Co., Ltd. Establishes Sustainable Development Committee and Appoints Committee Members, with Effect from November 4, 2022 Jess-link Products Co., Ltd. established Sustainable Development Committee and appointed committee members, with effect from November 4, 2022. The company appointed Shu-Mei Chang, company's chairman; Shu-Ling Wang, company's Independent Director; Chun-Hsing He, company's Vice President Chih-Ping Cheng, company's Chief Financial Officer. Reported Earnings • Aug 08
Second quarter 2022 earnings released: EPS: NT$1.10 (vs NT$0.84 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.10 (up from NT$0.84 in 2Q 2021). Revenue: NT$1.08b (up 14% from 2Q 2021). Net income: NT$134.6m (up 31% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). The increase in margin was 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 9% per year. Upcoming Dividend • Jul 08
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 15 July 2022. Payment date: 29 July 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.1%. Within top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (7.7%). 공고 • Jul 01
Jess-link Products Co., Ltd. Announces Cash Dividend, Payable on July 29, 2022 Jess-link Products Co., Ltd. announced cash dividends to common shareholders TWD 268,588,940. Cash distributed from capital surplus to shareholders TWD 97,668,940. Total amount of cash distributed to shareholders TWD 366,257,646 (TWD 3.0 per share). Ex-rights (ex-dividend) trading date is July 15, 2022. Ex-rights (ex-dividend) record date is July 23, 2022. Cash dividend payment date is July 29, 2022. Buying Opportunity • Jun 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.1%. The fair value is estimated to be NT$49.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 4.2%. Buying Opportunity • May 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be NT$48.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 4.2%. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: NT$0.34 (vs NT$0.48 in 1Q 2021) First quarter 2022 results: EPS: NT$0.34 (down from NT$0.48 in 1Q 2021). Revenue: NT$936.2m (up 12% from 1Q 2021). Net income: NT$41.6m (down 28% from 1Q 2021). Profit margin: 4.4% (down from 7.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 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 • Mar 30
Full year 2021 earnings released: EPS: NT$3.06 (vs NT$2.13 in FY 2020) Full year 2021 results: EPS: NT$3.06 (up from NT$2.13 in FY 2020). Revenue: NT$3.87b (up 7.9% from FY 2020). Net income: NT$373.5m (up 43% from FY 2020). Profit margin: 9.7% (up from 7.3% in FY 2020). The increase in margin was driven by higher revenue. 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 11% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 17% share price gain to NT$49.05, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 118% over the past three years. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$0.83 (vs NT$0.47 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.04b (up 2.8% from 3Q 2020). Net income: NT$101.0m (up 77% from 3Q 2020). Profit margin: 9.7% (up from 5.6% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.84 (vs NT$1.11 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$943.5m (up 2.5% from 2Q 2020). Net income: NT$102.6m (down 24% from 2Q 2020). Profit margin: 11% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of NT$2.90 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 July 2021. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (4.9%). Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.19 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$835.0m (up 30% from 1Q 2020). Net income: NT$58.3m (up 157% from 1Q 2020). Profit margin: 7.0% (up from 3.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. 공고 • Mar 18
Jess-link Products Co., Ltd., Annual General Meeting, Jun 11, 2021 Jess-link Products Co., Ltd., Annual General Meeting, Jun 11, 2021. Location: Zan Ding International Hall No. 311, Sec. 2, Zhongshan Rd., New Taipei City Taiwan Agenda: To report the business of 2020 and 2021 annual business plan Audit Committee's review report for the year 2020; to report the proposal of cash distribution from Capital Surplus; to report 2020 employees' profit sharing bonus and directors' compensation; to ratify the Business Report and Financial Statements for the year 2020; to ratify the Distribution of Earnings for the year 2020; and to approve the release of non-competition restrictions for Directors and their representatives. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS NT$2.13 (vs NT$2.40 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$3.58b (flat on FY 2019). Net income: NT$260.4m (down 9.8% from FY 2019). Profit margin: 7.3% (down from 8.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Is New 90 Day High Low • Mar 11
New 90-day high: NT$39.90 The company is up 9.0% from its price of NT$36.45 on 11 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Tech industry, which is also up 9.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: NT$36.95 The company is up 7.0% from its price of NT$34.60 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is up 4.0% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.47 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.01b (down 2.0% from 3Q 2019). Net income: NT$57.0m (down 56% from 3Q 2019). Profit margin: 5.6% (down from 12% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. 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 3% per year.