Declared Dividend • Jun 17
Dividend increased to NT$64.99 Dividend of NT$64.99 is 189% higher than last year. Ex-date: 30th July 2026 Payment date: 28th August 2026 Dividend yield will be 0.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). 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. EPS is expected to grow by 182% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 29
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 70% to NT$8,260. The fair value is estimated to be NT$6,622, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 101% over the last year. Earnings per share has grown by 99%. Revenue is forecast to grow by 185% in 2 years. Earnings are forecast to grow by 179% in the next 2 years. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$25.00 (vs NT$15.89 in 1Q 2025) First quarter 2026 results: EPS: NT$25.00 (up from NT$15.89 in 1Q 2025). Revenue: NT$10.7b (up 81% from 1Q 2025). Net income: NT$4.62b (up 80% from 1Q 2025). Profit margin: 43% (in line with 1Q 2025). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Price Target Changed • May 11
Price target increased by 12% to NT$5,828 Up from NT$5,186, the current price target is an average from 11 analysts. New target price is 8.7% below last closing price of NT$6,380. Stock is up 654% over the past year. The company is forecast to post earnings per share of NT$113 for next year compared to NT$75.71 last year. Buy Or Sell Opportunity • Apr 01
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to NT$3,855. The fair value is estimated to be NT$2,984, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 118% in 2 years. Earnings are forecast to grow by 124% in the next 2 years. Reported Earnings • Mar 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: NT$75.71 (up from NT$32.95 in FY 2024). Revenue: NT$30.3b (up 116% from FY 2024). Net income: NT$12.4b (up 134% from FY 2024). Profit margin: 41% (up from 38% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Aankondiging • Mar 11
Hon. Precision, Inc., Annual General Meeting, Jun 15, 2026 Hon. Precision, Inc., Annual General Meeting, Jun 15, 2026. Location: b1 floor no,610, t`ai wan ta tao, hsi tun district, taichung city Taiwan Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$3,980, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 347% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$2,354 per share. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$4,345, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 336% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$2,402 per share. Price Target Changed • Feb 02
Price target increased by 13% to NT$4,486 Up from NT$3,967, the current price target is an average from 7 analysts. New target price is 20% above last closing price of NT$3,750. Stock is up 230% over the past year. The company is forecast to post earnings per share of NT$73.45 for next year compared to NT$32.95 last year. New Risk • Nov 27
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 7.3% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Nov 25
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 61% to NT$2,745. The fair value is estimated to be NT$2,241, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 43%. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$2,640, the stock trades at a trailing P/E ratio of 40.2x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 102% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$2,230 per share. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: NT$22.39 (vs NT$9.77 in 3Q 2024) Third quarter 2025 results: EPS: NT$22.39 (up from NT$9.77 in 3Q 2024). Revenue: NT$8.20b (up 92% from 3Q 2024). Net income: NT$3.62b (up 130% from 3Q 2024). Profit margin: 44% (up from 37% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Buy Or Sell Opportunity • Oct 29
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to NT$2,405. The fair value is estimated to be NT$1,900, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 143% over the last year. Earnings per share has grown by 153%. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$15.26 (vs NT$7.63 in 2Q 2024) Second quarter 2025 results: EPS: NT$15.26 (up from NT$7.63 in 2Q 2024). Revenue: NT$6.88b (up 129% from 2Q 2024). Net income: NT$2.47b (up 102% from 2Q 2024). Profit margin: 36% (down from 41% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Buy Or Sell Opportunity • Jul 22
Now 22% undervalued Over the last 90 days, the stock has risen 106% to NT$1,560. The fair value is estimated to be NT$2,010, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 97% over the last year. Earnings per share has grown by 131%. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$1,605, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Buy Or Sell Opportunity • Jun 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to NT$1,205. The fair value is estimated to be NT$1,003, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 97% over the last year. Earnings per share has grown by 131%. Reported Earnings • Jun 07
First quarter 2025 earnings released: EPS: NT$15.89 (vs NT$6.69 in 1Q 2024) First quarter 2025 results: EPS: NT$15.89 (up from NT$6.69 in 1Q 2024). Revenue: NT$5.91b (up 117% from 1Q 2024). Net income: NT$2.57b (up 140% from 1Q 2024). Profit margin: 43% (up from 39% in 1Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$948, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to NT$596, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. New Risk • Apr 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 167% Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 High level of non-cash earnings (72% accrual ratio). Minor Risks Dividend is not well covered by cash flows (167% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: NT$32.95 (vs NT$19.17 in FY 2023) Full year 2024 results: EPS: NT$32.95 (up from NT$19.17 in FY 2023). Revenue: NT$14.0b (up 48% from FY 2023). Net income: NT$5.29b (up 72% from FY 2023). Profit margin: 38% (up from 32% in FY 2023). The increase in margin was driven by higher revenue. Aankondiging • Mar 18
Hon. Precision, Inc., Annual General Meeting, Jun 25, 2025 Hon. Precision, Inc., Annual General Meeting, Jun 25, 2025. Location: b2 floor no,77, shih cheng rd., hsi tun district, taichung city Taiwan Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$963, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. 
