Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$183, the stock trades at a trailing P/E ratio of 37.6x. Average forward P/E is 29x in the Machinery industry in Taiwan. Total returns to shareholders of 20% over the past year. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.48 in 1Q 2025) First quarter 2026 results: EPS: NT$3.00 (up from NT$2.48 in 1Q 2025). Revenue: NT$499.4m (up 6.6% from 1Q 2025). Net income: NT$97.8m (up 27% from 1Q 2025). Profit margin: 20% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in Taiwan. New Risk • Apr 12
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 8.5% 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 Earnings have declined by 13% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (7.0% net profit margin). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$156, the stock trades at a trailing P/E ratio of 37.3x. Average forward P/E is 27x in the Machinery industry in Taiwan. Total returns to shareholders of 34% over the past year. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: NT$4.13 (vs NT$7.91 in FY 2024) Full year 2025 results: EPS: NT$4.13 (down from NT$7.91 in FY 2024). Revenue: NT$1.82b (up 25% from FY 2024). Net income: NT$126.6m (down 48% from FY 2024). Profit margin: 7.0% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in Taiwan. Aankondiging • Mar 13
Sixxon Tech. Co., Ltd., Annual General Meeting, Jun 17, 2026 Sixxon Tech. Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: b1 floor no,85, sec.4 luo szu fu rd., da-an district, taipei city Taiwan Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$140, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total loss to shareholders of 37% over the past year. New Risk • Oct 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 156% Paying a dividend despite having no free cash flows. Earnings have declined by 3.8% per year over the past 5 years. High level of non-cash earnings (30% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (6.6% net profit margin). Reported Earnings • Aug 31
Second quarter 2025 earnings released: NT$1.77 loss per share (vs NT$2.08 profit in 2Q 2024) Second quarter 2025 results: NT$1.77 loss per share (down from NT$2.08 profit in 2Q 2024). Revenue: NT$442.6m (up 33% from 2Q 2024). Net loss: NT$54.2m (down 184% from profit in 2Q 2024). Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$189, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 108% over the past year. Upcoming Dividend • Jul 31
Upcoming dividend of NT$5.71 per share Eligible shareholders must have bought the stock before 07 August 2025. Payment date: 08 September 2025. Payout ratio is on the higher end at 75% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%). Declared Dividend • Jul 12
Dividend increased to NT$5.71 Dividend of NT$5.71 is 27% higher than last year. Ex-date: 7th August 2025 Payment date: 8th September 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (75% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 3.3% 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 released: EPS: NT$2.48 (vs NT$2.96 in 1Q 2024) First quarter 2025 results: EPS: NT$2.48 (down from NT$2.96 in 1Q 2024). Revenue: NT$468.6m (up 34% from 1Q 2024). Net income: NT$76.8m (down 16% from 1Q 2024). Profit margin: 16% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Taiwan. Aankondiging • May 08
Sixxon Tech. Co., Ltd. to Report Q1, 2025 Results on May 15, 2025 Sixxon Tech. Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$129, the stock trades at a trailing P/E ratio of 16.3x. Average forward P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 40% over the past year. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Mar 26
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 Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$7.91 (vs NT$3.26 in FY 2023) Full year 2024 results: EPS: NT$7.91 (up from NT$3.26 in FY 2023). Revenue: NT$1.45b (up 19% from FY 2023). Net income: NT$245.1m (up 159% from FY 2023). Profit margin: 17% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Aankondiging • Mar 17
Sixxon Tech. Co., Ltd., Annual General Meeting, Jun 20, 2025 Sixxon Tech. Co., Ltd., Annual General Meeting, Jun 20, 2025. Location: 7 floor no,236, sec.4 shen yih rd., da-an district, taipei city Taiwan Aankondiging • Mar 15
Sixxon Tech. Co., Ltd. announced a financing transaction Sixxon Tech. Co., Ltd. announced a private placement of 3,000,000,000 common shares on March 14, 2025. The transaction has been approved by the shareholders of the company. Aankondiging • Mar 07
Sixxon Tech. Co., Ltd. to Report Q4, 2024 Results on Mar 14, 2025 Sixxon Tech. Co., Ltd. announced that they will report Q4, 2024 results on Mar 14, 2025 New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings have declined by 1.4% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 1.4% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$173, the stock trades at a trailing P/E ratio of 28.7x. Average forward P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 103% over the past year. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$1.58 (vs NT$1.24 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.58 (up from NT$1.24 in 3Q 2023). Revenue: NT$388.7m (up 31% from 3Q 2023). Net income: NT$49.1m (up 32% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Taiwan. Aankondiging • Nov 05
Sixxon Tech. Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Sixxon Tech. Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$261, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 188% over the past year. Buy Or Sell Opportunity • Oct 21
Now 21% undervalued Over the last 90 days, the stock has risen 99% to NT$207. The fair value is estimated to be NT$260, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last year. Earnings per share has declined by 29%. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to NT$226, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 139% over the past year. New Risk • Sep 06
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 7.7% 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 Less than 3 years of financial data is available. Dividend is not well covered by cash flows (93% cash payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: NT$2.09 (vs NT$1.74 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.09 (up from NT$1.74 in 2Q 2023). Revenue: NT$332.8m (up 20% from 2Q 2023). Net income: NT$64.6m (up 35% from 2Q 2023). Profit margin: 19% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Aankondiging • Aug 21
Sixxon Tech. Co., Ltd. to Report Q2, 2024 Results on Aug 28, 2024 Sixxon Tech. Co., Ltd. announced that they will report Q2, 2024 results on Aug 28, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$2.96 (vs NT$1.02 in 1Q 2023) First quarter 2024 results: EPS: NT$2.96 (up from NT$1.02 in 1Q 2023). Revenue: NT$350.3m (up 17% from 1Q 2023). Net income: NT$91.9m (up 229% from 1Q 2023). Profit margin: 26% (up from 9.3% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Aankondiging • Apr 12
Sixxon Tech. Co., Ltd., Annual General Meeting, Jun 25, 2024 Sixxon Tech. Co., Ltd., Annual General Meeting, Jun 25, 2024.