Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$170, the stock trades at a trailing P/E ratio of 29.8x. Average forward P/E is 11x in the Auto Components industry in Taiwan. Total returns to shareholders of 8.5% over the past three years. New Risk • May 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.2% Last year net profit margin: 11% 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: Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Profit margins are more than 30% lower than last year (7.2% net profit margin). Reported Earnings • Mar 14
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: NT$6.32 (down from NT$8.24 in FY 2024). Revenue: NT$8.11b (up 6.9% from FY 2024). Net income: NT$643.1m (down 23% from FY 2024). Profit margin: 7.9% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Aankondiging • Mar 05
Actron Technology Corporation, Annual General Meeting, May 27, 2026 Actron Technology Corporation, Annual General Meeting, May 27, 2026. Location: no,22, sec.2 nan k`an rd., lujhu district, taoyuan city Taiwan New Risk • Nov 20
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 6.6% 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 Dividend is not well covered by cash flows (dividend per share is over 17x cash flows per share). Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • Nov 15
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: NT$1.95 (down from NT$2.14 in 3Q 2024). Revenue: NT$1.99b (flat on 3Q 2024). Net income: NT$198.2m (down 8.9% from 3Q 2024). Profit margin: 10.0% (down from 11% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$147, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Auto Components industry in Taiwan. Total loss to shareholders of 6.5% over the past three years. Reported Earnings • Aug 16
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: NT$0.38 (down from NT$2.13 in 2Q 2024). Revenue: NT$2.16b (up 12% from 2Q 2024). Net income: NT$38.9m (down 82% from 2Q 2024). Profit margin: 1.8% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 62%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 09
Upcoming dividend of NT$4.19 per share Eligible shareholders must have bought the stock before 16 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.8%). Declared Dividend • Jun 09
Dividend of NT$4.20 announced Shareholders will receive a dividend of NT$4.20. Ex-date: 16th July 2025 Payment date: 8th August 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: NT$2.32 (up from NT$2.22 in 1Q 2024). Revenue: NT$2.12b (up 20% from 1Q 2024). Net income: NT$235.8m (up 4.7% from 1Q 2024). Profit margin: 11% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Apr 30
Actron Technology Corporation to Report Q1, 2025 Results on May 07, 2025 Actron Technology Corporation announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$116, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Auto Components industry in Taiwan. Total loss to shareholders of 42% over the past three years. Reported Earnings • Mar 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: NT$8.24 (up from NT$7.69 in FY 2023). Revenue: NT$7.58b (up 34% from FY 2023). Net income: NT$836.2m (up 16% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Aankondiging • Feb 24
Actron Technology Corporation, Annual General Meeting, May 23, 2025 Actron Technology Corporation, Annual General Meeting, May 23, 2025. Location: no,22, sec.2 nan k`an rd., lujhu district, taoyuan city Taiwan Aankondiging • Feb 22
Actron Technology Corporation has filed a Follow-on Equity Offering. Actron Technology Corporation has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 50,000,000
Transaction Features: Rights Offering Aankondiging • Feb 13
Actron Technology Corporation to Report Fiscal Year 2024 Results on Feb 21, 2025 Actron Technology Corporation announced that they will report fiscal year 2024 results on Feb 21, 2025 Price Target Changed • Dec 27
Price target decreased by 8.3% to NT$222 Down from NT$242, the current price target is an average from 3 analysts. New target price is 36% above last closing price of NT$163. Stock is down 12% over the past year. The company is forecast to post earnings per share of NT$8.50 for next year compared to NT$7.68 last year. New Risk • Nov 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 51% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10.0% net profit margin). Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: NT$2.14. Revenue: NT$1.98b (up 23% from 3Q 2023). Net income: NT$217.5m (up 7.6% from 3Q 2023). Profit margin: 11% (down from 13% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Auto Components industry in Taiwan. Aankondiging • Oct 29
Actron Technology Corporation to Report Q3, 2024 Results on Nov 06, 2024 Actron Technology Corporation announced that they will report Q3, 2024 results on Nov 06, 2024 Major Estimate Revision • Sep 21
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$9.39 to NT$8.31 per share. Revenue forecast steady at NT$7.65b. Net income forecast to grow 35% next year vs 24% growth forecast for Auto Components industry in Taiwan. Consensus price target down from NT$239 to NT$231. Share price rose 4.7% to NT$177 over the past week. Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: NT$2.13 (down from NT$3.69 in 2Q 2023). Revenue: NT$1.92b (up 50% from 2Q 2023). Net income: NT$216.4m (down 36% from 2Q 2023). Profit margin: 11% (down from 26% in 2Q 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. 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 6.7% 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: Minor Risks Dividend is not well covered by cash flows (248% cash payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding). Aankondiging • Jul 26
Actron Technology Corporation to Report Q2, 2024 Results on Aug 02, 2024 Actron Technology Corporation announced that they will report Q2, 2024 results on Aug 02, 2024 Upcoming Dividend • Jul 03
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 09 July 2024. Payment date: 05 August 2024. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.2%). Major Estimate Revision • Jun 18
Consensus EPS estimates increase by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$7.24b to NT$7.77b. EPS estimate increased from NT$6.77 to NT$8.93 per share. Net income forecast to grow 13% next year vs 15% growth forecast for Auto Components industry in Taiwan. Consensus price target of NT$230 unchanged from last update. Share price rose 10% to NT$231 over the past week. Declared Dividend • May 29
Dividend increased to NT$5.00 Dividend of NT$5.00 is 25% higher than last year. Ex-date: 9th July 2024 Payment date: 5th August 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but not covered by cash flows (248% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 3.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 18
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: NT$2.22 (up from NT$1.25 in 1Q 2023). Revenue: NT$1.76b (up 56% from 1Q 2023). Net income: NT$225.2m (up 98% from 1Q 2023). Profit margin: 13% (up from 10% in 1Q 2023). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 46%. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year. Aankondiging • May 02
Actron Technology Corporation to Report Q1, 2024 Results on May 08, 2024 Actron Technology Corporation announced that they will report Q1, 2024 results on May 08, 2024 New Risk • Mar 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 63% 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 cash flows (141% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Mar 10
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: NT$7.68 (up from NT$6.14 in FY 2022). Revenue: NT$5.65b (up 35% from FY 2022). Net income: NT$723.2m (up 29% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 2.8%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 24
Actron Technology Corporation, Annual General Meeting, May 24, 2024 Actron Technology Corporation, Annual General Meeting, May 24, 2024. Location: B1,No.22,Sec.2,Nan-Kan Rd.,Luchu District, Taoyuan City Taiwan Agenda: To consider business Report of the Company for the 2023 fiscal year; to consider audit Report by the Audit Committee; to report 2023 employees' and directors a compensation; to report the 2023 cash dividend distribution; to report on rejection on private placement of common shares after the expiration date; to report on the issuance of domestic unsecured corporate bond; and to consider other matters. New Risk • Nov 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 48% 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 Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (141% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Nov 15
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: NT$2.19 (up from NT$1.92 in 3Q 2022). Revenue: NT$1.61b (up 46% from 3Q 2022). Net income: NT$202.1m (up 15% from 3Q 2022). Profit margin: 13% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 09
Actron Technology Corporation Appoints Yang, Shun-Quan as Chief Information Security Officer Actron Technology Corporation announced appointment of Yang, Shun-Quan, manager of Information Center as Chief Information Security Officer. Effective date is November 8, 2023. New Risk • Oct 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. 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. Shareholders have been diluted in the past year (11% increase in shares outstanding). Aankondiging • Sep 27
Actron Technology Corporation announced that it has received TWD 1.55 billion in funding Actron Technology Corporation announced a private placement to issue 10,000,000 new ordinary shares at an issue price of TWD 155 per share for the gross proceeds of TWD 1,550,000,000 on September 25, 2023. The transaction has been approved by the shareholders of the company. New Risk • Sep 27
New minor risk - Shareholder dilution The 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: 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. Shareholders have been diluted in the past year (11% increase in shares outstanding). Aankondiging • Sep 22
Actron Technology Corporation announced that it expects to receive $19.91 million in funding from Sino-American Silicon Products Inc. Actron Technology Corporation announced a private placement that it will receive $19.91 million from new investor, Sino-American Silicon Products Inc. on September 21, 2023. Reported Earnings • Aug 05
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: NT$3.69 (up from NT$1.39 in 2Q 2022). Revenue: NT$1.28b (up 34% from 2Q 2022). Net income: NT$337.8m (up 166% from 2Q 2022). Profit margin: 26% (up from 13% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 155%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 27% per year. Upcoming Dividend • Jun 29
Upcoming dividend of NT$4.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 70% and the cash payout ratio is 87%. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.1%). Reported Earnings • Mar 29
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: NT$6.14 (up from NT$5.25 in FY 2021). Revenue: NT$4.20b (up 11% from FY 2021). Net income: NT$560.6m (up 17% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$190, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 172% over the past three years. Aankondiging • Nov 30
Actron Technology Corporation (TPEX:8255) acquired a 19.13% stake in Mosel Vitelic Inc. (TWSE:2342) for approximately TWD 740 million. Actron Technology Corporation (TPEX:8255) acquired a 19.13% stake in Mosel Vitelic Inc. (TWSE:2342) for approximately TWD 740 million on November 25, 2022. Under the terms, Actron Technology Corporation will acquire at price of TWD 38.75 per share for 19 million shares in Mosel Vitelic.
Actron Technology Corporation (TPEX:8255) completed the acquisition of a 19.13% stake stake in Mosel Vitelic Inc. (TWSE:2342) on November 25, 2022. 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. 10 experienced directors. 2 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Director Chung Xian Liu was the last independent director to join the board, commencing their role in 2019. 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 05
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: NT$1.92 (up from NT$1.51 in 3Q 2021). Revenue: NT$1.10b (up 21% from 3Q 2021). Net income: NT$175.3m (up 28% from 3Q 2021). Profit margin: 16% (in line with 3Q 2021). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 5.5%. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$139, the stock trades at a trailing P/E ratio of 26x. Average forward P/E is 15x in the Auto Components industry in Taiwan. Total returns to shareholders of 66% over the past three years. Reported Earnings • Aug 06
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: NT$1.39 (up from NT$1.22 in 2Q 2021). Revenue: NT$957.1m (down 2.7% from 2Q 2021). Net income: NT$127.0m (up 14% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$142, the stock trades at a trailing P/E ratio of 27.4x. Average forward P/E is 16x in the Auto Components industry in Taiwan. Total returns to shareholders of 59% over the past three years. Upcoming Dividend • Jun 29
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 03 August 2022. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (6.3%). Lower than average of industry peers (2.8%). Aankondiging • Jun 07
Actron Technology Corporation Announces Cash Dividend, Payable on August 8, 2022 Actron Technology Corporation announced cash dividend of TWD 4.00 per share, With an ex-dividend date is July 7, 2022, record date is July 12, 2022 and payment date is August 8, 2022. Reported Earnings • May 06
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$1.64 (down from NT$1.70 in 1Q 2021). Revenue: NT$992.0m (flat on 1Q 2021). Net income: NT$150.1m (down 3.1% from 1Q 2021). Profit margin: 15% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$165, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Auto Components industry in Taiwan. Total returns to shareholders of 72% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chung Liu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to NT$243, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 14x in the Auto Components industry in Taiwan. Total returns to shareholders of 146% over the past three years. Reported Earnings • Mar 11
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: NT$5.25 (up from NT$3.10 in FY 2020). Revenue: NT$3.80b (up 24% from FY 2020). Net income: NT$478.4m (up 70% from FY 2020). Profit margin: 13% (up from 9.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 13%, compared to a 7.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS NT$1.50 (vs NT$1.35 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$912.0m (up 26% from 3Q 2020). Net income: NT$137.0m (up 11% from 3Q 2020). Profit margin: 15% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 17% share price gain to NT$238, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 194% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 16% share price gain to NT$232, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 163% over the past three years. Upcoming Dividend • Aug 10
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 09 September 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.3%). Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$1.22 (vs NT$0.30 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$984.1m (up 74% from 2Q 2020). Net income: NT$111.4m (up NT$139.1m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 16% share price gain to NT$212, the stock trades at a trailing P/E ratio of 52.9x. Average trailing P/E is 25x in the Auto Components industry in Taiwan. Total returns to shareholders of 132% over the past three years. Upcoming Dividend • Jun 29
Inaugural dividend of NT$2.30 per share Eligible shareholders must have bought the stock before 06 July 2021. Payment date: 06 August 2021. The company last paid an ordinary dividend in March 2019. The average dividend yield among industry peers is 2.2%. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 18% share price gain to NT$151, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 25x in the Auto Components industry in Taiwan. Total returns to shareholders of 63% over the past three years. Aankondiging • May 29
Actron Technology Corporation Announces Cash Dividends of the Year 2020, Payable August 06 2021 Actron Technology Corporation announced a dividend of TWD 2.3 per share and cash dividends totaled of TWD 210,410,900. Last date before book closure: 2021 July 07. Payment date of cash dividend distribution: 2021 August 06. Ex-rights (Ex-dividend) date: 2021 July 06. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS NT$3.10 (vs NT$4.11 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$3.07b (down 8.6% from FY 2019). Net income: NT$281.8m (down 13% from FY 2019). Profit margin: 9.2% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Mar 11
Actron Technology Corporation, Annual General Meeting, May 28, 2021 Actron Technology Corporation, Annual General Meeting, May 28, 2021. Location: Auditorium,1F.,No.22,Sec.2,Nan-Kan Rd.,Luchu District Taoyuan City Taiwan Agenda: To consider business report of the company for the 2020 fiscal year; to audit report by the audit committee for the 2020 fiscal year; to report 2020 employees' profit sharing bonus and directors and supervisors' compensation; to report the 2020 cash dividend distribution; to accept 2020 business report and financial statements; to approve the proposal for distribution of 2020 earnings; to cash distributed from capital surplus to shareholders; to amendment to rules of procedure for shareholders meetings. Is New 90 Day High Low • Feb 25
New 90-day high: NT$130 The company is up 30% from its price of NT$100.00 on 27 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: NT$118 The company is up 42% from its price of NT$82.70 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: NT$110 The company is up 33% from its price of NT$82.40 on 04 September 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 12% over the same period. Is New 90 Day High Low • Nov 06
New 90-day high: NT$89.90 The company is up 8.0% from its price of NT$82.90 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 6.0% over the same period. Reported Earnings • Nov 06
Third quarter 2020 earnings released: EPS NT$1.35 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$723.0m (down 13% from 3Q 2019). Net income: NT$123.6m (up 77% from 3Q 2019). Profit margin: 17% (up from 8.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 08
New 90-day high: NT$87.50 The company is up 3.0% from its price of NT$85.10 on 10 July 2020. The Taiwanese market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Auto Components industry, which is flat over the same period.