New Risk • Jul 17
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 12% 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 (12% average weekly change). High level of non-cash earnings (46% accrual ratio). Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$0.66 (vs NT$0.22 in 1Q 2025) First quarter 2026 results: EPS: NT$0.66 (up from NT$0.22 in 1Q 2025). Revenue: NT$854.4m (up 51% from 1Q 2025). Net income: NT$44.6m (up 233% from 1Q 2025). Profit margin: 5.2% (up from 2.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 154% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$386, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 25x in the Machinery industry in Taiwan. Total returns to shareholders of 878% over the past three years. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$4.94 (vs NT$1.80 in FY 2024) Full year 2025 results: EPS: NT$4.94 (up from NT$1.80 in FY 2024). Revenue: NT$3.70b (up 85% from FY 2024). Net income: NT$300.7m (up 184% from FY 2024). Profit margin: 8.1% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. 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 99% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Mar 12
Taiwan Microloops Corp., Annual General Meeting, Jun 23, 2026 Taiwan Microloops Corp., Annual General Meeting, Jun 23, 2026. Location: 3 floor no,88, min ch`uan rd., banciao district, new taipei city Taiwan Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$262, the stock trades at a trailing P/E ratio of 70.8x. Average trailing P/E is 26x in the Machinery industry in Taiwan. Total returns to shareholders of 616% over the past three years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$283, the stock trades at a trailing P/E ratio of 76.5x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total returns to shareholders of 687% over the past three years. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to NT$230, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total returns to shareholders of 529% over the past three years. Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$2.49 (vs NT$0.11 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.49 (up from NT$0.11 in 3Q 2024). Revenue: NT$1.15b (up 128% from 3Q 2024). Net income: NT$149.3m (up NT$142.5m from 3Q 2024). Profit margin: 13% (up from 1.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 18
Taiwan Microloops Corp. has filed a Follow-on Equity Offering in the amount of TWD 0.8625 million. Taiwan Microloops Corp. has filed a Follow-on Equity Offering in the amount of TWD 0.8625 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 7,500
Price(maximum): TWD 115 Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.42 (vs NT$0.56 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.42 (down from NT$0.56 in 2Q 2024). Revenue: NT$1.04b (up 99% from 2Q 2024). Net income: NT$25.4m (down 20% from 2Q 2024). Profit margin: 2.4% (down from 6.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 65% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 05
Upcoming dividend of NT$1.25 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 18 July 2025. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$83.80, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 18x in the Machinery industry in Taiwan. Total returns to shareholders of 97% over the past three years. New Risk • May 19
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: 4.0% Last year net profit margin: 6.7% 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 (14% average weekly change). High level of non-cash earnings (52% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (4.0% net profit margin). Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: NT$1.80 (vs NT$1.93 in FY 2023) Full year 2024 results: EPS: NT$1.80. Revenue: NT$2.01b (up 22% from FY 2023). Net income: NT$105.9m (up 2.4% from FY 2023). Profit margin: 5.3% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$70.50, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 76% over the past three years. Aankondiging • Mar 13
Taiwan Microloops Corp., Annual General Meeting, May 26, 2025 Taiwan Microloops Corp., Annual General Meeting, May 26, 2025, at 09:00 Taipei Standard Time. Location: b2 floor no,726, chung cheng rd., jhonghe district, new taipei city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (6.7% average weekly change). New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$98.00, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 109% over the past three years. New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 47% 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 (47% accrual ratio). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Upcoming Dividend • Aug 09
Upcoming dividend of NT$0.78 per share Eligible shareholders must have bought the stock before 16 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (4.6%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$102, the stock trades at a trailing P/E ratio of 56.1x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 121% over the past year. Reported Earnings • Apr 25
Full year 2023 earnings released: EPS: NT$2.03 (vs NT$1.88 in FY 2022) Full year 2023 results: EPS: NT$2.03 (up from NT$1.88 in FY 2022). Revenue: NT$1.64b (up 2.1% from FY 2022). Net income: NT$103.4m (up 20% from FY 2022). Profit margin: 6.3% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. New Risk • Apr 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% 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 Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Aankondiging • Mar 31
Taiwan Microloops Corp., Annual General Meeting, Jun 19, 2024 Taiwan Microloops Corp., Annual General Meeting, Jun 19, 2024. New Risk • Mar 14
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 5.9% 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). New Risk • Aug 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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 (8.8% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$78.20, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 18x in the Machinery industry in Taiwan. Total returns to shareholders of 57% over the past year. New Risk • Jul 04
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 6.5% 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: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$69.00, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 47% over the past year. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: NT$2.20 (vs NT$1.22 in FY 2021) Full year 2022 results: EPS: NT$2.20 (up from NT$1.22 in FY 2021). Revenue: NT$1.61b (up 5.5% from FY 2021). Net income: NT$86.4m (up 90% from FY 2021). Profit margin: 5.4% (up from 3.0% in FY 2021). The increase in margin was driven by higher revenue. 
