Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$34.90, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 41x in the Electronic industry in Taiwan. Total returns to shareholders of 105% over the past three years. Reported Earnings • May 07
First quarter 2026 earnings released: NT$0.047 loss per share (vs NT$0.072 loss in 1Q 2025) First quarter 2026 results: NT$0.047 loss per share (improved from NT$0.072 loss in 1Q 2025). Revenue: NT$50.2m (up 11% from 1Q 2025). Net loss: NT$1.69m (loss narrowed 35% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 09
Full year 2025 earnings released: EPS: NT$0.47 (vs NT$0.13 loss in FY 2024) Full year 2025 results: EPS: NT$0.47 (up from NT$0.13 loss in FY 2024). Revenue: NT$201.5m (up 21% from FY 2024). Net income: NT$17.1m (up NT$21.8m from FY 2024). Profit margin: 8.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 06
Hunt Electronic Co., Ltd., Annual General Meeting, May 25, 2026 Hunt Electronic Co., Ltd., Annual General Meeting, May 25, 2026. Location: 2 floor no,1-2, kung chien n. rd., cidu district, keelung city Taiwan Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$0.27 (vs NT$0.02 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.27 (up from NT$0.02 in 3Q 2024). Revenue: NT$55.5m (up 25% from 3Q 2024). Net income: NT$9.87m (up NT$9.15m from 3Q 2024). Profit margin: 18% (up from 1.6% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 42% per year. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.023 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.34 (up from NT$0.023 in 2Q 2024). Revenue: NT$49.0m (up 14% from 2Q 2024). Net income: NT$12.2m (up NT$11.4m from 2Q 2024). Profit margin: 25% (up from 1.9% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
First quarter 2025 earnings released: NT$0.07 loss per share (vs NT$0.026 loss in 1Q 2024) First quarter 2025 results: NT$0.07 loss per share (further deteriorated from NT$0.026 loss in 1Q 2024). Revenue: NT$45.3m (up 17% from 1Q 2024). Net loss: NT$2.59m (loss widened 176% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 13
Full year 2024 earnings released: NT$0.13 loss per share (vs NT$0.37 loss in FY 2023) Full year 2024 results: NT$0.13 loss per share (improved from NT$0.37 loss in FY 2023). Revenue: NT$167.1m (up 3.0% from FY 2023). Net loss: NT$4.75m (loss narrowed 65% from FY 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 05
Hunt Electronic Co., Ltd., Annual General Meeting, May 26, 2025 Hunt Electronic Co., Ltd., Annual General Meeting, May 26, 2025. Location: 2 floor no,1-2, kung chien n. rd., cidu district, keelung city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.03 (vs NT$0.28 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.03 (down from NT$0.28 in 3Q 2023). Revenue: NT$44.2m (down 4.6% from 3Q 2023). Net income: NT$727.0k (down 93% from 3Q 2023). Profit margin: 1.6% (down from 22% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.014 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.02 (up from NT$0.014 loss in 2Q 2023). Revenue: NT$43.0m (up 14% from 2Q 2023). Net income: NT$826.0k (up NT$1.34m from 2Q 2023). Profit margin: 1.9% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Jun 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 8.6% 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 Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.11b market cap, or US$34.1m). Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.03 loss per share (vs NT$0.43 loss in 1Q 2023) First quarter 2024 results: NT$0.03 loss per share (improved from NT$0.43 loss in 1Q 2023). Revenue: NT$38.8m (up 31% from 1Q 2023). Net loss: NT$938.0k (loss narrowed 94% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 16
Full year 2023 earnings released: NT$0.37 loss per share (vs NT$0.11 profit in FY 2022) Full year 2023 results: NT$0.37 loss per share (down from NT$0.11 profit in FY 2022). Revenue: NT$162.2m (down 25% from FY 2022). Net loss: NT$13.4m (down 431% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 14
Hunt Electronic Co., Ltd., Annual General Meeting, May 29, 2024 Hunt Electronic Co., Ltd., Annual General Meeting, May 29, 2024. New Risk • Feb 05
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 5.5% 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 (5.5% average weekly change). Revenue is less than US$5m (NT$150m revenue, or US$4.8m). Market cap is less than US$100m (NT$722.8m market cap, or US$23.0m). Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: NT$0.28 (vs NT$0.40 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.28 (down from NT$0.40 in 3Q 2022). Revenue: NT$46.4m (down 24% from 3Q 2022). Net income: NT$10.1m (down 31% from 3Q 2022). Profit margin: 22% (down from 24% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2023 earnings released: NT$0.01 loss per share (vs NT$0.086 loss in 2Q 2022) Second quarter 2023 results: NT$0.01 loss per share (improved from NT$0.086 loss in 2Q 2022). Revenue: NT$37.6m (down 39% from 2Q 2022). Net loss: NT$517.0k (loss narrowed 83% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: NT$0.11 (vs NT$0.42 loss in FY 2021) Full year 2022 results: EPS: NT$0.11 (up from NT$0.42 loss in FY 2021). Revenue: NT$217.1m (down 11% from FY 2021). Net income: NT$4.06m (up NT$19.2m from FY 2021). Profit margin: 1.9% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be NT$25.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.16 (vs NT$0.13 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.16 (up from NT$0.13 loss in 1Q 2021). Revenue: NT$58.7m (up 24% from 1Q 2021). Net income: NT$5.91m (up NT$10.6m from 1Q 2021). Profit margin: 10% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Mar 13
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: NT$0.42 loss per share (up from NT$1.91 loss in FY 2020). Revenue: NT$243.9m (up 22% from FY 2020). Net loss: NT$15.1m (loss narrowed 78% from FY 2020). Revenue exceeded analyst estimates by 6.8%. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Nov 13
Third quarter 2021 earnings released: NT$0.20 loss per share (vs NT$0.28 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: NT$64.5m (up 37% from 3Q 2020). Net loss: NT$7.19m (loss narrowed 30% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.22 (vs NT$0.13 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$62.4m (up 20% from 2Q 2020). Net income: NT$7.99m (up NT$12.8m from 2Q 2020). Profit margin: 13% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2021 earnings released: NT$0.13 loss per share (vs NT$0.13 loss in 1Q 2020) The company reported a poor first quarter result with weaker revenues, weaker control over costs and no improvement to losses. First quarter 2021 results: Revenue: NT$47.5m (down 8.2% from 1Q 2020). Net loss: NT$4.64m (flat on 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Aankondiging • Mar 17
Hunt Electronic Co., Ltd., Annual General Meeting, May 31, 2021 Hunt Electronic Co., Ltd., Annual General Meeting, May 31, 2021. Reported Earnings • Mar 13
Full year 2020 earnings released: NT$1.91 loss per share (vs NT$0.85 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$200.3m (down 3.4% from FY 2019). Net loss: NT$68.7m (loss widened 125% from FY 2019). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Is New 90 Day High Low • Dec 16
New 90-day high: NT$15.10 The company is up 23% from its price of NT$12.25 on 18 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: NT$12.75 The company is up 6.0% from its price of NT$12.05 on 03 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.28 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$47.3m (down 2.7% from 3Q 2019). Net loss: NT$10.3m (loss widened 27% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.