Reported Earnings • Aug 11
Second quarter 2026 earnings released: EPS: NT$2.75 (vs NT$0.067 in 2Q 2025) Second quarter 2026 results: EPS: NT$2.75 (up from NT$0.067 in 2Q 2025). Revenue: NT$772.7m (up 67% from 2Q 2025). Net income: NT$144.7m (up NT$141.3m from 2Q 2025). Profit margin: 19% (up from 0.7% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$44.85, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 176% over the past three years. Upcoming Dividend • Jun 29
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 06 July 2026. Payment date: 24 July 2026. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.9%). Declared Dividend • Jun 13
Dividend reduced to NT$0.70 Dividend of NT$0.70 is 74% lower than last year. Ex-date: 6th July 2026 Payment date: 24th July 2026 Dividend yield will be 1.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 56% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (32% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (NT$2.69b market cap, or US$85.3m). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$60.40, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total returns to shareholders of 356% over the past three years. New Risk • Mar 21
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 368% Cash payout ratio: 113% Dividend yield: 4.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 368% Cash payout ratio: 113% Minor Risks High level of debt (49% net debt to equity). Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). New Risk • Mar 19
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 8.1% 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 High level of debt (51% net debt to equity). Dividend is not well covered by earnings (368% payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (NT$3.12b market cap, or US$97.5m). Aankondiging • Mar 13
Gigastone Corporation, Annual General Meeting, Jun 03, 2026 Gigastone Corporation, Annual General Meeting, Jun 03, 2026. Location: 4 floor no,166, hsin hu 2nd rd., neihu district, taipei city Taiwan Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$48.65, the stock trades at a trailing P/E ratio of 66.3x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 334% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$37.50, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 278% over the past three years. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$37.10, the stock trades at a trailing P/E ratio of 50.6x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 301% over the past three years. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$0.18 (vs NT$0.92 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.18 (down from NT$0.92 in 3Q 2024). Revenue: NT$476.8m (down 8.7% from 3Q 2024). Net income: NT$9.12m (down 81% from 3Q 2024). Profit margin: 1.9% (down from 8.9% in 3Q 2024). 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 43% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 28
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 8.5% 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 (8.5% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 183% Cash payout ratio: 178% Minor Risks High level of debt (53% net debt to equity). Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (NT$1.67b market cap, or US$54.4m). New Risk • Sep 15
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 6.9% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 183% Cash payout ratio: 178% Minor Risks High level of debt (53% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (NT$1.63b market cap, or US$53.8m). Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$28.55, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 212% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: NT$0.07 (vs NT$2.23 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.07 (down from NT$2.23 in 2Q 2024). Revenue: NT$464.0m (down 22% from 2Q 2024). Net income: NT$3.39m (down 97% from 2Q 2024). Profit margin: 0.7% (down from 19% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 37% per year. Declared Dividend • Jun 22
Dividend increased to NT$2.70 Dividend of NT$2.70 is 80% higher than last year. Ex-date: 10th July 2025 Payment date: 31st July 2025 Dividend yield will be 9.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not adequately covered by cash flows (90.1% 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. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.26 (vs NT$2.05 in 1Q 2024) First quarter 2025 results: EPS: NT$0.26 (down from NT$2.05 in 1Q 2024). Revenue: NT$501.1m (down 21% from 1Q 2024). Net income: NT$13.3m (down 87% from 1Q 2024). Profit margin: 2.7% (down from 16% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. New Risk • Apr 07
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 8.7% 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 (8.7% average weekly change). Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by cash flows (319% cash payout ratio). Market cap is less than US$100m (NT$1.49b market cap, or US$45.1m). 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$29.60, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 168% over the past three years. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: NT$5.40 (vs NT$4.56 in FY 2023) Full year 2024 results: EPS: NT$5.40 (up from NT$4.56 in FY 2023). Revenue: NT$2.58b (up 34% from FY 2023). Net income: NT$271.8m (up 18% from FY 2023). Profit margin: 11% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 24
Gigastone Corporation, Annual General Meeting, Jun 18, 2025 Gigastone Corporation, Annual General Meeting, Jun 18, 2025. Location: 4 floor no,166, hsin hu 2nd rd., neihu district, taipei city Taiwan New Risk • Dec 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 6.4% 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 (30% accrual ratio). Minor Risks High level of debt (47% net debt to equity). Dividend is not well covered by cash flows (233% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (NT$1.86b market cap, or US$57.4m). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$40.00, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 248% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$49.45, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 428% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$50.00, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 413% over the past three years. Upcoming Dividend • Jul 02
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 09 July 2024. Payment date: 29 July 2024. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.8%). New Risk • May 07
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: 2.3% 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 Risks Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Apr 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.20b (US$98.2m) This is considered a minor 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 Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (NT$3.20b market cap, or US$98.2m). Aankondiging • Apr 02
Gigastone Corporation, Annual General Meeting, Jun 20, 2024 Gigastone Corporation, Annual General Meeting, Jun 20, 2024. Is New 90 Day High Low • Feb 20
New 90-day high: NT$8.09 The company is up 35% from its price of NT$6.00 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 25
New 90-day high: NT$8.00 The company is up 37% from its price of NT$5.86 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: NT$6.42 The company is up 7.0% from its price of NT$5.98 on 27 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is down 1.0% over the same period. Is New 90 Day High Low • Nov 03
New 90-day low: NT$5.82 The company is down 8.0% from its price of NT$6.30 on 05 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 4.0% over the same period.