New Risk • Apr 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.1% 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 Risks Earnings have declined by 57% per year over the past 5 years. Market cap is less than US$10m (NT$228.1m market cap, or US$7.25m). Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Reported Earnings • Apr 17
Full year 2025 earnings released: NT$1.24 loss per share (vs NT$1.30 loss in FY 2024) Full year 2025 results: NT$1.24 loss per share (improved from NT$1.30 loss in FY 2024). Revenue: NT$194.9m (down 1.2% from FY 2024). Net loss: NT$15.0m (loss narrowed 4.6% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 31
Flashaim Inc., Annual General Meeting, Jun 17, 2026 Flashaim Inc., Annual General Meeting, Jun 17, 2026, at 11:00 Taipei Standard Time. Location: no,16 ln.137, ch`ing nien rd., west central district, tainan city Taiwan New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risks Earnings have declined by 62% per year over the past 5 years. Market cap is less than US$10m (NT$169.4m market cap, or US$5.38m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Reported Earnings • Apr 04
Full year 2024 earnings released Full year 2024 results: Revenue: NT$197.3m (down 31% from FY 2023). Net loss: NT$15.7m (loss narrowed 21% from FY 2023). Aankondiging • Apr 01
Flashaim Inc., Annual General Meeting, Jun 18, 2025 Flashaim Inc., Annual General Meeting, Jun 18, 2025, at 11:00 Taipei Standard Time. Location: no,16 ln.137, ch`ing nien rd., west central district, tainan 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 Risks Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (NT$162.7m market cap, or US$4.94m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Jan 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (NT$151.3m market cap, or US$4.57m). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Buy Or Sell Opportunity • Aug 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to NT$14.60. The fair value is estimated to be NT$18.46, 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 3 years. Meanwhile, the company became loss making. New Risk • Aug 18
New major risk - Revenue and earnings growth Earnings have declined by 35% 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 Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (NT$183.9m market cap, or US$5.71m). Buy Or Sell Opportunity • Aug 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to NT$14.55. The fair value is estimated to be NT$18.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Mar 19
Flashaim Inc., Annual General Meeting, Jun 19, 2024 Flashaim Inc., Annual General Meeting, Jun 19, 2024. New Risk • Feb 26
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: Major Risk Market cap is less than US$10m (NT$229.9m market cap, or US$7.27m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.4% average weekly change). Buy Or Sell Opportunity • Jan 22
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to NT$18.30. The fair value is estimated to be NT$15.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Meanwhile, the company became loss making. New Risk • Oct 25
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 7.6% 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 (7.6% average weekly change). Market cap is less than US$10m (NT$240.8m market cap, or US$7.43m). Minor Risk Paying a dividend despite being loss-making. New Risk • Jul 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 543% 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 (8.1% average weekly change). Market cap is less than US$10m (NT$304.3m market cap, or US$9.82m). 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. New Risk • Jul 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NT$296.5m (US$9.58m) This is considered a major 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 (9.1% average weekly change). Market cap is less than US$10m (NT$296.5m market cap, or US$9.58m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Jul 09
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$320.7m market cap, or US$10.2m). Upcoming Dividend • Jul 07
Upcoming dividend of NT$1.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 14 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.9%). Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$34.70, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 18x in the Media industry in Taiwan. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$32.70, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 18x in the Media industry in Taiwan. Total loss to shareholders of 18% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Jul 25
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 01 August 2022. Payment date: 26 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (5.1%). Board Change • Apr 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 18
First half 2021 earnings released: EPS NT$0.38 (vs NT$1.69 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: NT$122.1m (up 13% from 1H 2020). Net income: NT$4.62m (down 72% from 1H 2020). Profit margin: 3.8% (down from 16% in 1H 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS NT$2.23 (vs NT$1.86 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$223.5m (up 17% from FY 2019). Net income: NT$22.3m (up 33% from FY 2019). Profit margin: 10.0% (up from 8.8% in FY 2019). The increase in margin was driven by higher revenue. Aankondiging • Mar 05
Flashaim Inc., Annual General Meeting, Jun 03, 2021 Flashaim Inc., Annual General Meeting, Jun 03, 2021. Is New 90 Day High Low • Mar 03
New 90-day low: NT$44.00 The company is down 10.0% from its price of NT$48.90 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is flat over the same period. Is New 90 Day High Low • Jan 26
New 90-day low: NT$44.50 The company is down 9.0% from its price of NT$48.90 on 29 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is flat over the same period. Is New 90 Day High Low • Dec 17
New 90-day low: NT$44.75 The company is down 11% from its price of NT$50.50 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day low: NT$46.00 The company is down 11% from its price of NT$51.50 on 31 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is flat over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: NT$46.50 The company is down 13% from its price of NT$53.20 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 1.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$48.75 The company is down 6.0% from its price of NT$51.90 on 24 June 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 1.0% over the same period.