Upcoming Dividend • Apr 01
Upcoming dividend of NT$4.20 per share Eligible shareholders must have bought the stock before 08 April 2026. Payment date: 13 May 2026. Payout ratio and cash payout ratio are on the higher end at 92% and 81% respectively. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.5%). Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$4.74 (vs NT$3.84 in FY 2024) Full year 2025 results: EPS: NT$4.74 (up from NT$3.84 in FY 2024). Revenue: NT$1.32b (up 16% from FY 2024). Net income: NT$164.2m (up 24% from FY 2024). Profit margin: 13% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 11
Dividend increased to NT$4.20 Dividend of NT$4.20 is 20% higher than last year. Ex-date: 8th April 2026 Payment date: 13th May 2026 Dividend yield will be 7.9%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (190% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 2.3% to bring the payout ratio under control, which is less than the 6.7% EPS growth achieved over the last 5 years. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$2.79 (vs NT$1.26 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.79 (up from NT$1.26 in 3Q 2024). Revenue: NT$376.6m (up 56% from 3Q 2024). Net income: NT$96.5m (up 121% from 3Q 2024). Profit margin: 26% (up from 18% 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 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$55.00, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 83% over the past three years. New Risk • Sep 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 154% Cash payout ratio: 143% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (NT$1.68b market cap, or US$55.8m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.44 loss per share (vs NT$1.16 profit in 2Q 2024) Second quarter 2025 results: NT$0.44 loss per share (down from NT$1.16 profit in 2Q 2024). Revenue: NT$228.4m (down 13% from 2Q 2024). Net loss: NT$15.3m (down 138% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.48 (vs NT$0.44 in 1Q 2024) First quarter 2025 results: EPS: NT$0.48 (up from NT$0.44 in 1Q 2024). Revenue: NT$234.9m (up 13% from 1Q 2024). Net income: NT$16.6m (up 8.1% from 1Q 2024). Profit margin: 7.1% (down from 7.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 27
Hyweb Technology Co., Ltd. to Report Q1, 2025 Results on May 05, 2025 Hyweb Technology Co., Ltd. announced that they will report Q1, 2025 results on May 05, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$50.20, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 32% over the past three years. Upcoming Dividend • Apr 02
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 09 April 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.6%). Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: NT$3.84 (vs NT$3.36 in FY 2023) Full year 2024 results: EPS: NT$3.84 (up from NT$3.36 in FY 2023). Revenue: NT$1.14b (up 13% from FY 2023). Net income: NT$132.9m (up 14% from FY 2023). Profit margin: 12% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 12
Dividend increased to NT$3.50 Dividend of NT$3.50 is 17% higher than last year. Ex-date: 9th April 2025 Payment date: 14th May 2025 Dividend yield will be 5.7%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 01
Hyweb Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 10, 2025 Hyweb Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 10, 2025 Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$1.26 (vs NT$1.53 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.26 (down from NT$1.53 in 3Q 2023). Revenue: NT$241.2m (down 8.8% from 3Q 2023). Net income: NT$43.6m (down 17% from 3Q 2023). Profit margin: 18% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: NT$1.16 (vs NT$0.83 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.16 (up from NT$0.83 in 2Q 2023). Revenue: NT$263.7m (up 15% from 2Q 2023). Net income: NT$40.1m (up 40% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 27
Hyweb Technology Co., Ltd. to Report Q2, 2024 Results on Aug 05, 2024 Hyweb Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 05, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.44 (vs NT$0.15 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.44 (up from NT$0.15 loss in 1Q 2023). Revenue: NT$207.5m (up 40% from 1Q 2023). Net income: NT$15.4m (up NT$20.7m from 1Q 2023). Profit margin: 7.4% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Aankondiging • Apr 28
Hyweb Technology Co., Ltd. to Report Q1, 2024 Results on May 06, 2024 Hyweb Technology Co., Ltd. announced that they will report Q1, 2024 results on May 06, 2024 Upcoming Dividend • Apr 03
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 15 May 2024. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 4.8%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (3.8%). New Risk • Mar 26
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 6.1% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (NT$2.21b market cap, or US$69.1m). Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$3.36 (vs NT$2.80 in FY 2022) Full year 2023 results: EPS: NT$3.36 (up from NT$2.80 in FY 2022). Revenue: NT$1.00b (up 2.8% from FY 2022). Net income: NT$116.3m (up 20% from FY 2022). Profit margin: 12% (up from 9.9% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Declared Dividend • Mar 13
Dividend increased to NT$3.00 Dividend of NT$3.00 is 15% higher than last year. Ex-date: 10th April 2024 Payment date: 15th May 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$62.90, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 30% over the past three years. Aankondiging • Mar 12
Hyweb Technology Co., Ltd., Annual General Meeting, Jun 19, 2024 Hyweb Technology Co., Ltd., Annual General Meeting, Jun 19, 2024. Location: The 3rd Phase Multifunctional Meeting Room, 2nd Floor, Building N, Taiyuan 1st St., Zhubei City, Hsinchu Taiwan Agenda: To consider Business Report of the Company for the 2023 fiscal year; to consider audit Report by the Audit Committee for the 2023 fiscal year; to consider report on investment in China; to consider report on the distribution of remunerations to employees and directors for the 2023 fiscal year; to consider report on earnings distribution of cash dividends for the 2023 fiscal year; to consider Acknowledgement on the business report and financial statements of the Company in the 2023 fiscal year; to consider acknowledgement on the distribution of earnings of the Company in the 2023 fiscal year; and to consider other matters. Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: NT$0.83 (vs NT$0.60 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.83 (up from NT$0.60 in 2Q 2022). Revenue: NT$228.5m (up 15% from 2Q 2022). Net income: NT$28.7m (up 38% from 2Q 2022). Profit margin: 13% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$46.50, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 20x in the IT industry in Taiwan. Total loss to shareholders of 1.1% over the past three years. Upcoming Dividend • Apr 12
Upcoming dividend of NT$2.60 per share at 5.3% yield Eligible shareholders must have bought the stock before 19 April 2023. Payment date: 18 May 2023. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.8%). Higher than average of industry peers (4.6%). Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: NT$2.80 (vs NT$2.68 in FY 2021) Full year 2022 results: EPS: NT$2.80 (up from NT$2.68 in FY 2021). Revenue: NT$976.0m (down 2.8% from FY 2021). Net income: NT$97.0m (up 4.3% from FY 2021). Profit margin: 9.9% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: NT$0.60 (vs NT$0.30 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.60 (up from NT$0.30 in 2Q 2021). Revenue: NT$198.2m (down 8.6% from 2Q 2021). Net income: NT$20.8m (up 99% from 2Q 2021). Profit margin: 11% (up from 4.8% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jul 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be NT$56.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 4.9%. Buying Opportunity • Jul 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be NT$56.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 4.9%. Buying Opportunity • Jun 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.2%. The fair value is estimated to be NT$57.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 4.9%. Upcoming Dividend • Jun 08
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 07 July 2022. The company is paying out more than 100% of its profits and is paying out 94% of its cash flow. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.5%). Reported Earnings • May 05
First quarter 2022 earnings released: EPS: NT$0.04 (vs NT$0.38 in 1Q 2021) First quarter 2022 results: EPS: NT$0.04 (down from NT$0.38 in 1Q 2021). Revenue: NT$166.4m (down 20% from 1Q 2021). Net income: NT$1.38m (down 90% from 1Q 2021). Profit margin: 0.8% (down from 6.4% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.96 (vs NT$1.47 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$247.8m (down 13% from 3Q 2020). Net income: NT$33.3m (down 35% from 3Q 2020). Profit margin: 13% (down from 18% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.30 (vs NT$0.40 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$216.9m (up 2.4% from 2Q 2020). Net income: NT$10.5m (down 25% from 2Q 2020). Profit margin: 4.8% (down from 6.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 15
Upcoming dividend of NT$2.85 per share Eligible shareholders must have bought the stock before 21 July 2021. Payment date: 12 August 2021. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 21% share price gain to NT$60.90, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 13x in the IT industry in Taiwan. Total returns to shareholders of 166% over the past three years. Reported Earnings • May 06
First quarter 2021 earnings released: EPS NT$0.38 (vs NT$0.11 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$207.0m (up 22% from 1Q 2020). Net income: NT$13.3m (up 262% from 1Q 2020). Profit margin: 6.4% (up from 2.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 32% per year. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improved over the past week After last week's 19% share price gain to NT$66.90, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 15x in the IT industry in Taiwan. Total returns to shareholders of 216% over the past three years. Aankondiging • Mar 11
Hyweb Technology Co., Ltd., Annual General Meeting, May 26, 2021 Hyweb Technology Co., Ltd., Annual General Meeting, May 26, 2021. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS NT$3.20 (vs NT$2.48 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.01b (up 7.5% from FY 2019). Net income: NT$111.0m (up 29% from FY 2019). Profit margin: 11% (up from 9.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 33% per year. Is New 90 Day High Low • Feb 23
New 90-day high: NT$55.90 The company is up 12% from its price of NT$50.00 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 5.0% over the same period. Is New 90 Day High Low • Feb 04
New 90-day high: NT$55.60 The company is up 17% from its price of NT$47.40 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: NT$52.80 The company is up 23% from its price of NT$43.05 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: NT$52.20 The company is up 17% from its price of NT$44.50 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 1.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.47 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$286.1m (up 25% from 3Q 2019). Net income: NT$51.0m (up 60% from 3Q 2019). Profit margin: 18% (up from 14% in 3Q 2019). The increase in margin was driven by higher revenue. 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. Is New 90 Day High Low • Sep 24
New 90-day low: NT$42.80 The company is down 11% from its price of NT$48.35 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 1.0% over the same period.