View Financial HealthMicroprogram InformationLtd 배당 및 자사주 매입배당 기준 점검 1/6Microprogram InformationLtd 은(는) 현재 수익률이 2.47% 인 배당금 지급 회사입니다.핵심 정보2.5%배당 수익률-7.7%자사주 매입 수익률총 주주 수익률-5.2%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향372%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • May 28Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 04 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.4%).모든 업데이트 보기Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.21 (vs NT$0.15 in 1Q 2025)First quarter 2026 results: EPS: NT$0.21 (up from NT$0.15 in 1Q 2025). Revenue: NT$143.8m (up 20% from 1Q 2025). Net income: NT$11.5m (up 50% from 1Q 2025). Profit margin: 8.0% (up from 6.4% in 1Q 2025). The increase in margin was driven by higher revenue.Buy Or Sell Opportunity • May 13Now 23% undervaluedOver the last 90 days, the stock has risen 65% to NT$79.00. The fair value is estimated to be NT$102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 15%.New Risk • Apr 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.6% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 372% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (5.7% net profit margin).Buy Or Sell Opportunity • Apr 20Now 24% undervaluedOver the last 90 days, the stock has risen 69% to NT$81.80. The fair value is estimated to be NT$108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 15%.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.55 (vs NT$3.33 in FY 2024)Full year 2025 results: EPS: NT$0.55 (down from NT$3.33 in FY 2024). Revenue: NT$507.8m (down 36% from FY 2024). Net income: NT$29.0m (down 81% from FY 2024). Profit margin: 5.7% (down from 19% in FY 2024). The decrease in margin was driven by lower revenue.공시 • Feb 26Microprogram Information Co.,Ltd, Annual General Meeting, May 20, 2026Microprogram Information Co.,Ltd, Annual General Meeting, May 20, 2026. Location: no,386, shih cheng rd., hsi tun district, taichung city TaiwanNew Risk • Nov 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 41% 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: Minor Risks Dividend is not well covered by earnings (372% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (NT$2.37b market cap, or US$75.5m).Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.51 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.11 (down from NT$0.51 in 3Q 2024). Revenue: NT$119.8m (down 31% from 3Q 2024). Net income: NT$5.44m (down 77% from 3Q 2024). Profit margin: 4.5% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in Taiwan.New Risk • Aug 31New minor risk - Earnings qualityThe 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 Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 92% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin).New Risk • Aug 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.02b (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: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 92% Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (NT$3.02b market cap, or US$98.7m).New Risk • Aug 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 92% Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin).Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.16 (vs NT$1.21 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.16 (down from NT$1.21 in 2Q 2024). Revenue: NT$128.3m (down 38% from 2Q 2024). Net income: NT$7.79m (down 86% from 2Q 2024). Profit margin: 6.1% (down from 27% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan.공시 • Jul 29Microprogram Information Co.,Ltd has completed a Follow-on Equity Offering in the amount of TWD 58.174 million.Microprogram Information Co.,Ltd has completed a Follow-on Equity Offering in the amount of TWD 58.174 million. Security Name: Shares Security Type: Common Stock Securities Offered: 1,003,000 Price\Range: TWD 58Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$90.20, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 28% over the past year.Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$75.50, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 11% over the past year.New Risk • Jun 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% 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. This is currently the only risk that has been identified for the company.Upcoming Dividend • May 28Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 04 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.4%).공시 • May 20Microprogram Information Co.,Ltd has filed a Follow-on Equity Offering in the amount of TWD 53.122 million.Microprogram Information Co.,Ltd has filed a Follow-on Equity Offering in the amount of TWD 53.122 million. Security Name: Shares Security Type: Common Stock Securities Offered: 915,897 Price\Range: TWD 58Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$0.15 (vs NT$1.17 in 1Q 2024)First quarter 2025 results: EPS: NT$0.15 (down from NT$1.17 in 1Q 2024). Revenue: NT$119.8m (down 47% from 1Q 2024). Net income: NT$7.67m (down 85% from 1Q 2024). Profit margin: 6.4% (down from 23% in 1Q 2024). The decrease in margin was driven by lower revenue.New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$3.17b market cap, or US$96.0m).Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$63.80, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total loss to shareholders of 17% over the past year.공시 • Mar 06Microprogram Information Co.,Ltd, Annual General Meeting, May 22, 2025Microprogram Information Co.,Ltd, Annual General Meeting, May 22, 2025. Location: no,386, shih cheng rd., hsi tun district, taichung city TaiwanReported Earnings • Feb 26Full year 2024 earnings released: EPS: NT$3.33 (vs NT$2.16 in FY 2023)Full year 2024 results: EPS: NT$3.33 (up from NT$2.16 in FY 2023). Revenue: NT$794.3m (up 17% from FY 2023). Net income: NT$151.6m (up 65% from FY 2023). Profit margin: 19% (up from 14% in FY 2023). The increase in margin was driven by higher revenue.New Risk • Jan 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$90.20, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 21x in the Electronic industry in Taiwan.New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.4% 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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (NT$3.05b market cap, or US$93.6m).New Risk • May 21New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.21b (US$99.4m) 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 No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (NT$3.21b market cap, or US$99.4m).공시 • Mar 16Microprogram Information Co., Ltd., Annual General Meeting, May 29, 2024Microprogram Information Co., Ltd., Annual General Meeting, May 29, 2024.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 배당금 지급이 안정적인 반면, 7721 은(는) 배당금을 지급한 지 10년도 채 되지 않았습니다.배당금 증가: 7721 의 배당금 지급이 증가했지만 회사는 2 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장Microprogram InformationLtd 배당 수익률 vs 시장7721의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (7721)2.5%시장 하위 25% (TW)1.4%시장 상위 25% (TW)5.0%업계 평균 (Electronic)1.3%분석가 예측 (7721) (최대 3년)n/a주목할만한 배당금: 7721 의 배당금( 2.47% )은 TW 시장에서 배당금 지급자의 하위 25%( 1.39% )보다 높습니다.고배당: 7721 의 배당금( 2.47% )은 TW 시장에서 배당금 지급자의 상위 25%( 4.97% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 지급 비율 ( 372.3% )이 높기 때문에 7721 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 7721 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 18:17종가2026/05/25 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Microprogram Information Co.,Ltd는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Zhizhong ChenCapital Securities Corporation
Upcoming Dividend • May 28Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 04 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.4%).
Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.21 (vs NT$0.15 in 1Q 2025)First quarter 2026 results: EPS: NT$0.21 (up from NT$0.15 in 1Q 2025). Revenue: NT$143.8m (up 20% from 1Q 2025). Net income: NT$11.5m (up 50% from 1Q 2025). Profit margin: 8.0% (up from 6.4% in 1Q 2025). The increase in margin was driven by higher revenue.
Buy Or Sell Opportunity • May 13Now 23% undervaluedOver the last 90 days, the stock has risen 65% to NT$79.00. The fair value is estimated to be NT$102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 15%.
New Risk • Apr 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.6% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 372% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (5.7% net profit margin).
Buy Or Sell Opportunity • Apr 20Now 24% undervaluedOver the last 90 days, the stock has risen 69% to NT$81.80. The fair value is estimated to be NT$108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 15%.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.55 (vs NT$3.33 in FY 2024)Full year 2025 results: EPS: NT$0.55 (down from NT$3.33 in FY 2024). Revenue: NT$507.8m (down 36% from FY 2024). Net income: NT$29.0m (down 81% from FY 2024). Profit margin: 5.7% (down from 19% in FY 2024). The decrease in margin was driven by lower revenue.
공시 • Feb 26Microprogram Information Co.,Ltd, Annual General Meeting, May 20, 2026Microprogram Information Co.,Ltd, Annual General Meeting, May 20, 2026. Location: no,386, shih cheng rd., hsi tun district, taichung city Taiwan
New Risk • Nov 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 41% 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: Minor Risks Dividend is not well covered by earnings (372% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (NT$2.37b market cap, or US$75.5m).
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.51 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.11 (down from NT$0.51 in 3Q 2024). Revenue: NT$119.8m (down 31% from 3Q 2024). Net income: NT$5.44m (down 77% from 3Q 2024). Profit margin: 4.5% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in Taiwan.
New Risk • Aug 31New minor risk - Earnings qualityThe 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 Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 92% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin).
New Risk • Aug 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.02b (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: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 92% Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (NT$3.02b market cap, or US$98.7m).
New Risk • Aug 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 92% Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin).
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.16 (vs NT$1.21 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.16 (down from NT$1.21 in 2Q 2024). Revenue: NT$128.3m (down 38% from 2Q 2024). Net income: NT$7.79m (down 86% from 2Q 2024). Profit margin: 6.1% (down from 27% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan.
공시 • Jul 29Microprogram Information Co.,Ltd has completed a Follow-on Equity Offering in the amount of TWD 58.174 million.Microprogram Information Co.,Ltd has completed a Follow-on Equity Offering in the amount of TWD 58.174 million. Security Name: Shares Security Type: Common Stock Securities Offered: 1,003,000 Price\Range: TWD 58
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$90.20, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 28% over the past year.
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$75.50, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 11% over the past year.
New Risk • Jun 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% 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. This is currently the only risk that has been identified for the company.
Upcoming Dividend • May 28Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 04 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.4%).
공시 • May 20Microprogram Information Co.,Ltd has filed a Follow-on Equity Offering in the amount of TWD 53.122 million.Microprogram Information Co.,Ltd has filed a Follow-on Equity Offering in the amount of TWD 53.122 million. Security Name: Shares Security Type: Common Stock Securities Offered: 915,897 Price\Range: TWD 58
Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$0.15 (vs NT$1.17 in 1Q 2024)First quarter 2025 results: EPS: NT$0.15 (down from NT$1.17 in 1Q 2024). Revenue: NT$119.8m (down 47% from 1Q 2024). Net income: NT$7.67m (down 85% from 1Q 2024). Profit margin: 6.4% (down from 23% in 1Q 2024). The decrease in margin was driven by lower revenue.
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$3.17b market cap, or US$96.0m).
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$63.80, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total loss to shareholders of 17% over the past year.
공시 • Mar 06Microprogram Information Co.,Ltd, Annual General Meeting, May 22, 2025Microprogram Information Co.,Ltd, Annual General Meeting, May 22, 2025. Location: no,386, shih cheng rd., hsi tun district, taichung city Taiwan
Reported Earnings • Feb 26Full year 2024 earnings released: EPS: NT$3.33 (vs NT$2.16 in FY 2023)Full year 2024 results: EPS: NT$3.33 (up from NT$2.16 in FY 2023). Revenue: NT$794.3m (up 17% from FY 2023). Net income: NT$151.6m (up 65% from FY 2023). Profit margin: 19% (up from 14% in FY 2023). The increase in margin was driven by higher revenue.
New Risk • Jan 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$90.20, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 21x in the Electronic industry in Taiwan.
New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.4% 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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (NT$3.05b market cap, or US$93.6m).
New Risk • May 21New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.21b (US$99.4m) 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 No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (NT$3.21b market cap, or US$99.4m).
공시 • Mar 16Microprogram Information Co., Ltd., Annual General Meeting, May 29, 2024Microprogram Information Co., Ltd., Annual General Meeting, May 29, 2024.