New Risk • Aug 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.8% per year over the past 5 years. High level of non-cash earnings (46% accrual ratio). Minor Risks Dividend is not well covered by cash flows (145% cash payout ratio). Market cap is less than US$100m (NT$3.11b market cap, or US$97.3m). Buy Or Sell Opportunity • Aug 04
Now 23% overvalued Over the last 90 days, the stock has fallen 8.9% to NT$54.10. The fair value is estimated to be NT$43.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 19%. New Risk • Jul 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.24b (US$100.0m) 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 Risk Earnings have declined by 4.0% per year over the past 5 years. 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$3.24b market cap, or US$100.0m). Upcoming Dividend • Jul 16
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 23 July 2026. Payment date: 24 August 2026. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (1.0%). Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$0.57 (vs NT$0.66 in 1Q 2025) First quarter 2026 results: EPS: NT$0.57 (down from NT$0.66 in 1Q 2025). Revenue: NT$269.7m (up 8.1% from 1Q 2025). Net income: NT$32.8m (down 14% from 1Q 2025). Profit margin: 12% (down from 15% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$71.00, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 37x in the Communications industry in Taiwan. Total returns to shareholders of 116% over the past three years. Buy Or Sell Opportunity • Apr 10
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at NT$56.60. The fair value is estimated to be NT$45.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 13%. New Risk • Mar 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.16b (US$98.6m) 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 Risk Earnings have declined by 2.6% per year over the past 5 years. 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$3.16b market cap, or US$98.6m). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$2.67 (vs NT$2.36 in FY 2024) Full year 2025 results: EPS: NT$2.67 (up from NT$2.36 in FY 2024). Revenue: NT$1.01b (flat on FY 2024). Net income: NT$153.9m (up 13% from FY 2024). Profit margin: 15% (up from 13% in FY 2024). 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 21% per year, which means it is well ahead of earnings. Aankondiging • Mar 12
Ruby Tech Corporation, Annual General Meeting, Jun 09, 2026 Ruby Tech Corporation, Annual General Meeting, Jun 09, 2026. Location: 2 floor building. a no,19-10, san ch`ung rd., nangang district, taipei city Taiwan Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$69.10, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 28x in the Communications industry in Taiwan. Total returns to shareholders of 128% over the past three years. Board Change • Feb 24
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Hsin-Piao Lin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jan 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.10b (US$98.6m) 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: 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 (7.7% average weekly change). Market cap is less than US$100m (NT$3.10b market cap, or US$98.6m). New Risk • Nov 28
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 6.6% 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 Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$58.80, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total returns to shareholders of 123% over the past three years. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.92 (vs NT$0.17 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.92 (up from NT$0.17 in 3Q 2024). Revenue: NT$252.5m (up 34% from 3Q 2024). Net income: NT$53.6m (up 444% from 3Q 2024). Profit margin: 21% (up from 5.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.40 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.09 (down from NT$0.40 in 2Q 2024). Revenue: NT$219.3m (flat on 2Q 2024). Net income: NT$4.90m (down 79% from 2Q 2024). Profit margin: 2.2% (down from 11% in 2Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 24
Upcoming dividend of NT$2.20 per share Eligible shareholders must have bought the stock before 01 July 2025. Payment date: 24 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.5%). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.66 (vs NT$1.02 in 1Q 2024) First quarter 2025 results: EPS: NT$0.66 (down from NT$1.02 in 1Q 2024). Revenue: NT$249.4m (down 31% from 1Q 2024). Net income: NT$38.1m (down 35% from 1Q 2024). Profit margin: 15% (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 11% per year whereas the company’s share price has increased by 12% per year. Aankondiging • Apr 27
Ruby Tech Corporation to Report Q1, 2025 Results on May 05, 2025 Ruby Tech Corporation 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 16% After last week's 16% share price decline to NT$41.40, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total returns to shareholders of 46% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$2.36 (vs NT$4.25 in FY 2023) Full year 2024 results: EPS: NT$2.36 (down from NT$4.25 in FY 2023). Revenue: NT$1.02b (down 43% from FY 2023). Net income: NT$136.4m (down 44% from FY 2023). Profit margin: 13% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.17 (vs NT$1.47 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.17 (down from NT$1.47 in 3Q 2023). Revenue: NT$188.7m (down 64% from 3Q 2023). Net income: NT$9.84m (down 88% from 3Q 2023). Profit margin: 5.2% (down from 16% 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 15% per year and the company’s share price has also increased by 15% per year. Aankondiging • Oct 30
Ruby Tech Corporation to Report Q3, 2024 Results on Nov 07, 2024 Ruby Tech Corporation announced that they will report Q3, 2024 results on Nov 07, 2024 Buy Or Sell Opportunity • Sep 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to NT$50.70. The fair value is estimated to be NT$63.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.40 (vs NT$1.15 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.40 (down from NT$1.15 in 2Q 2023). Revenue: NT$218.1m (down 55% from 2Q 2023). Net income: NT$23.1m (down 65% from 2Q 2023). Profit margin: 11% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 13
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Hsin-Piao Lin was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 09
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 16 August 2024. Payment date: 12 September 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.8%). New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$97.9m) 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: 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$3.19b market cap, or US$97.9m). Aankondiging • Jul 30
Ruby Tech Corporation to Report Q2, 2024 Results on Aug 07, 2024 Ruby Tech Corporation announced that they will report Q2, 2024 results on Aug 07, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$1.05 (vs NT$0.72 in 1Q 2023) First quarter 2024 results: EPS: NT$1.05 (up from NT$0.72 in 1Q 2023). Revenue: NT$358.8m (up 14% from 1Q 2023). Net income: NT$58.9m (up 46% from 1Q 2023). Profit margin: 16% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$73.20, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 28x in the Communications industry in Taiwan. Total returns to shareholders of 150% over the past three years. Buy Or Sell Opportunity • May 06
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to NT$73.20. The fair value is estimated to be NT$57.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 6.3%. Aankondiging • Apr 26
Ruby Tech Corporation to Report Q1, 2024 Results on May 02, 2024 Ruby Tech Corporation announced that they will report Q1, 2024 results on May 02, 2024 Buy Or Sell Opportunity • Apr 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.1% to NT$69.10. The fair value is estimated to be NT$57.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 6.3%. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$4.38 (vs NT$2.36 in FY 2022) Full year 2023 results: EPS: NT$4.38 (up from NT$2.36 in FY 2022). Revenue: NT$1.79b (up 65% from FY 2022). Net income: NT$245.2m (up 86% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. 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 30% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 13
Ruby Tech Corporation Announces Changes of the Deputy Chief Executive Ruby Tech Corporation announced changes of the Deputy Chief Executive. Name, title, and resume of the previous position holder: Deputy Chief Executive and Spokesperson: Wang, Peng-Sen, Deputy Chief Executive of the Company. Name, title, and resume of the new position holder: (1)Deputy Chief Executive: N/A, (2) Spokesperson: Young, Yu-Che, President of the Company. Effective date is January 12, 2024. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$1.51 (vs NT$0.95 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.51 (up from NT$0.95 in 3Q 2022). Revenue: NT$528.6m (up 102% from 3Q 2022). Net income: NT$84.7m (up 59% from 3Q 2022). Profit margin: 16% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. 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 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$91.30, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total returns to shareholders of 299% over the past three years. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$1.19 (vs NT$0.41 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.19 (up from NT$0.41 in 2Q 2022). Revenue: NT$482.0m (up 103% from 2Q 2022). Net income: NT$66.5m (up 188% from 2Q 2022). Profit margin: 14% (up from 9.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$75.60, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 227% over the past three years. New Risk • Jul 06
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 7.9% 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 (7.9% average weekly change). Minor Risk Dividend is not well covered by cash flows (98% cash payout ratio). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$71.50, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 168% over the past three years. Upcoming Dividend • Jun 29
Upcoming dividend of NT$2.20 per share at 3.5% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 28 July 2023. Payout ratio and cash payout ratio are on the higher end at 76% and 98% respectively. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.3%). Aankondiging • Jun 15
Ruby Tech Corporation Announces Cash Dividends, Payable on July 28, 2023 Ruby Tech Corporation announced total cash dividends of TWD 119,665,055 (TWD 2.2 per share). Ex-rights (Ex-dividend) date: July 6, 2023. Ex-rights (Ex-dividend) record date: July 12, 2023. Payment date of cash dividend distribution: July 28, 2023. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$58.30, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$47.80, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 88% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.98 (vs NT$0.35 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.98 (up from NT$0.35 in 3Q 2021). Revenue: NT$261.4m (up 19% from 3Q 2021). Net income: NT$53.5m (up 178% from 3Q 2021). Profit margin: 21% (up from 8.7% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Board Change • Nov 16
Less than half of directors are independent 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. 2 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.98 (vs NT$0.35 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.98 (up from NT$0.35 in 3Q 2021). Revenue: NT$261.4m (up 19% from 3Q 2021). Net income: NT$53.5m (up 178% from 3Q 2021). Profit margin: 21% (up from 8.7% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.43 (vs NT$0.75 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.43 (down from NT$0.75 in 2Q 2021). Revenue: NT$237.6m (up 6.9% from 2Q 2021). Net income: NT$23.1m (down 43% from 2Q 2021). Profit margin: 9.7% (down from 18% in 2Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$30.20, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 17x in the Communications industry in Taiwan. Total returns to shareholders of 2.8% over the past three years. Buying Opportunity • Jun 29
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 4.2%. The fair value is estimated to be NT$44.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years. Earnings per share has grown by 7.7%. Upcoming Dividend • Jun 28
Upcoming dividend of NT$2.20 per share Eligible shareholders must have bought the stock before 05 July 2022. Payment date: 22 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.1%). Aankondiging • Jun 15
Ruby Tech Corporation Announces Total Cash Dividends, Payable on July 22, 2022 Ruby Tech Corporation announced total cash dividends of TWD 119,665,053 (TWD 2.2 per share). Ex-rights (Ex-dividend) date is July 5, 2022. Ex-rights (Ex-dividend) record date is July 11, 2022. Payment date of cash dividend distribution is July 22, 2022. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$0.28 (vs NT$1.22 in 1Q 2021) First quarter 2022 results: EPS: NT$0.28 (down from NT$1.22 in 1Q 2021). Revenue: NT$221.2m (up 14% from 1Q 2021). Net income: NT$15.4m (down 77% from 1Q 2021). Profit margin: 7.0% (down from 34% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent 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. 2 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: NT$2.94 (vs NT$2.61 in FY 2020) Full year 2021 results: EPS: NT$2.94 (up from NT$2.61 in FY 2020). Revenue: NT$884.3m (up 13% from FY 2020). Net income: NT$160.0m (up 13% from FY 2020). Profit margin: 18% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.35 (vs NT$0.34 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$220.6m (up 17% from 3Q 2020). Net income: NT$19.2m (up 2.5% from 3Q 2020). Profit margin: 8.7% (down from 9.9% in 3Q 2020). 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 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.77 (vs NT$0.45 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$222.3m (up 11% from 2Q 2020). Net income: NT$40.6m (up 71% from 2Q 2020). Profit margin: 18% (up from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$1.25 (vs NT$0.14 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$193.8m (up 5.5% from 1Q 2020). Net income: NT$66.1m (up NT$58.7m from 1Q 2020). Profit margin: 34% (up from 4.1% in 1Q 2020). 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 5% per year. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$2.69 (vs NT$3.17 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$781.2m (down 30% from FY 2019). Net income: NT$141.9m (down 15% from FY 2019). Profit margin: 18% (up from 15% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Aankondiging • Mar 19
Ruby Tech Corporation Proposes Dividend Distribution for the Year Ended December 31, 2021 Ruby Tech Corporation proposed cash dividend of TWD 2.0 for the year ended December 31, 2021. Aankondiging • Mar 18
Ruby Tech Corporation, Annual General Meeting, Jun 10, 2021 Ruby Tech Corporation, Annual General Meeting, Jun 10, 2021. Location: Taipei Nangang Exhibition Center, Hall 1 (Rm. C, 5F.-504, No. 1, Jingmao 2nd Rd., Nangang Dist., Taipei City Taipei Taiwan Agenda: To discuss Business report of 2020; To discuss The supervisors' Review Report on 2020 Financial Statements; To Report on the investments in China; To Report on the distribution of employees' and directors' remuneration of 2020; To Report on the correlation between performance evaluation and remuneration of directors, supervisors and managers; To Report on amendment to the Company's Guidelines for the Adoption of Codes of Ethical Conduct; and To discuss Any other matters that need to be specified ;. Is New 90 Day High Low • Dec 24
New 90-day high: NT$29.90 The company is up 11% from its price of NT$27.00 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: NT$29.15 The company is up 2.0% from its price of NT$28.50 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 13% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.35 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$188.8m (down 32% from 3Q 2019). Net income: NT$18.7m (down 56% from 3Q 2019). Profit margin: 9.9% (down from 15% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Is New 90 Day High Low • Sep 25
New 90-day low: NT$27.00 The company is down 19% from its price of NT$33.50 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is flat over the same period. 
