Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$65.80, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 285% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$88.30, the stock trades at a trailing P/E ratio of 65.6x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 388% over the past three years. Upcoming Dividend • Apr 29
Upcoming dividend of NT$1.10 per share Eligible shareholders must have bought the stock before 06 May 2026. Payment date: 05 June 2026. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.1%). In line with average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$64.50, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 263% over the past three years. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$1.35 (vs NT$1.17 in FY 2024) Full year 2025 results: EPS: NT$1.35 (up from NT$1.17 in FY 2024). Revenue: NT$1.31b (up 4.4% from FY 2024). Net income: NT$109.0m (up 15% from FY 2024). Profit margin: 8.3% (up from 7.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$57.90, the stock trades at a trailing P/E ratio of 53.8x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 230% over the past three years. Aankondiging • Feb 02
Aurona Industries, Inc., Annual General Meeting, Apr 29, 2026 Aurona Industries, Inc., Annual General Meeting, Apr 29, 2026, at 09:00 Taipei Standard Time. Location: 4 floor no,12-18, lai ch`ien liao, jiali district, tainan city Taiwan Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$55.90, the stock trades at a trailing P/E ratio of 51.9x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$42.60, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 164% over the past three years. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.47 (vs NT$0.30 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.47 (up from NT$0.30 in 3Q 2024). Revenue: NT$343.2m (flat on 3Q 2024). Net income: NT$38.0m (up 55% from 3Q 2024). Profit margin: 11% (up from 7.1% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$32.00, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$30.65, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 88% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.26 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.10 (down from NT$0.26 in 2Q 2024). Revenue: NT$337.9m (up 5.4% from 2Q 2024). Net income: NT$8.32m (down 61% from 2Q 2024). Profit margin: 2.5% (down from 6.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. New Risk • Jul 31
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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (NT$2.08b market cap, or US$69.3m). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$25.65, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$24.45, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 59% over the past three years. Upcoming Dividend • May 22
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 27 May 2025. Payment date: 18 June 2025. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.3%). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.24 (vs NT$0.34 in 1Q 2024) First quarter 2025 results: EPS: NT$0.24 (down from NT$0.34 in 1Q 2024). Revenue: NT$306.4m (up 8.6% from 1Q 2024). Net income: NT$19.3m (down 30% from 1Q 2024). Profit margin: 6.3% (down from 9.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Declared Dividend • May 08
Dividend of NT$1.00 announced Dividend of NT$1.00 is the same as last year. Ex-date: 27th May 2025 Payment date: 18th June 2025 Dividend yield will be 4.9%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (85% 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 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Apr 27
Aurona Industries, Inc. to Report Q1, 2025 Results on May 06, 2025 Aurona Industries, Inc. announced that they will report Q1, 2025 results on May 06, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$18.35, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 6.9% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$1.17 (vs NT$0.70 in FY 2023) Full year 2024 results: EPS: NT$1.17 (up from NT$0.70 in FY 2023). Revenue: NT$1.26b (up 11% from FY 2023). Net income: NT$94.9m (up 68% from FY 2023). Profit margin: 7.5% (up from 5.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • Mar 04
Aurona Industries, Inc. Approves Cash Dividend for the Period from January 1, 2024, to December 31, 2024 Aurona Industries, Inc. has announced a dividend distribution for the fiscal year 2024. The board of directors resolved on March 3, 2025, to distribute cash dividends to shareholders. The dividends pertain to the period from January 1, 2024, to December 31, 2024. The cash dividend is TWD 1 per share, with a total cash dividend amounting to TWD 80,974,466. The par value of the common stock is TWD 10. Aankondiging • Feb 22
Aurona Industries, Inc. to Report Q4, 2024 Results on Mar 03, 2025 Aurona Industries, Inc. announced that they will report Q4, 2024 results on Mar 03, 2025 Aankondiging • Feb 11
Aurona Industries, Inc., Annual General Meeting, Apr 30, 2025 Aurona Industries, Inc., Annual General Meeting, Apr 30, 2025, at 09:00 Taipei Standard Time. Location: 4 floor no,12-18, lai ch`ien liao, jiali district, tainan city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.30 (vs NT$0.41 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.30 (down from NT$0.41 in 3Q 2023). Revenue: NT$345.8m (up 16% from 3Q 2023). Net income: NT$24.5m (down 25% from 3Q 2023). Profit margin: 7.1% (down from 11% in 3Q 2023). 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 whereas the company’s share price has increased by 9% per year. New Risk • Nov 08
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 6.5% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 130% Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (NT$2.03b market cap, or US$63.1m). Aankondiging • Oct 26
Aurona Industries, Inc. to Report Q3, 2024 Results on Nov 04, 2024 Aurona Industries, Inc. announced that they will report Q3, 2024 results on Nov 04, 2024 Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$25.25, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 49% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.26 (vs NT$0.17 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.26 (up from NT$0.17 in 2Q 2023). Revenue: NT$320.5m (up 15% from 2Q 2023). Net income: NT$21.2m (up 57% from 2Q 2023). Profit margin: 6.6% (up from 4.8% 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 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 27
Aurona Industries, Inc. to Report Q2, 2024 Results on Aug 05, 2024 Aurona Industries, Inc. announced that they will report Q2, 2024 results on Aug 05, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.34 (vs NT$0.10 in 1Q 2023) First quarter 2024 results: EPS: NT$0.34 (up from NT$0.10 in 1Q 2023). Revenue: NT$282.1m (up 12% from 1Q 2023). Net income: NT$27.7m (up 230% from 1Q 2023). Profit margin: 9.8% (up from 3.3% 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 27% 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 • May 10
Dividend reduced to NT$1.00 Dividend of NT$1.00 is 33% lower than last year. Ex-date: 23rd May 2024 Payment date: 18th June 2024 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio) nor is it covered by cash flows (286% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 59% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend. Aankondiging • May 09
Aurona Industries, Inc. Announces Cash Dividend for the year 2023, Payable on June 18, 2024 Aurona Industries, Inc. announced the cash dividends to common shareholders: TWD 80,974,466 (TWD 1 per share). Ex-rights (Ex-dividend) date: May 23, 2024. Ex-rights (Ex-dividend) record date is on May 31, 2024. Payment date of cash dividend distribution: June 18, 2024. Aankondiging • May 02
Aurona Industries, Inc. Announces Directors Appointments Aurona Industries, Inc. at its share holders meeting held on April 30, 2024 the company appointed new Directors as; Chuang Huang-Xing, Sue Jie-Di, Li Meng-Cong and new independent directors are; Lin Wu-Zong, Li Yuan-Qing, Lin Shang-Wen, Su Er-Lang. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$0.70 (vs NT$3.47 in FY 2022) Full year 2023 results: EPS: NT$0.70 (down from NT$3.47 in FY 2022). Revenue: NT$1.14b (down 17% from FY 2022). Net income: NT$56.5m (down 80% from FY 2022). Profit margin: 5.0% (down from 21% in FY 2022). 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 but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 05
Aurona Industries, Inc. Approves Cash Dividend for the Year Ended December 31, 2023 Aurona Industries, Inc. approved cash dividend to shareholders for the year ended December 31, 2023 of TWD 1 per share. Total amount of cash dividends to shareholders TWD 80,974,466. Per value of common stock TWD 10. Date of the board of directors resolution is March 4, 2024. Aankondiging • Jan 12
Aurona Industries, Inc., Annual General Meeting, Apr 30, 2024 Aurona Industries, Inc., Annual General Meeting, Apr 30, 2024. Location: 4F,No.12-18,Lai Guan Liau, Hai Chen Li, Jiali Dist., Tainan City,Taiwan Tainan City Taiwan Agenda: To discuss 2023 Business Report; and to discuss Audit Committee's Review Report on the 2023 Financial Statement. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.17 (vs NT$0.11 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.17 (up from NT$0.11 in 2Q 2022). Revenue: NT$278.9m (down 20% from 2Q 2022). Net income: NT$13.5m (up 58% from 2Q 2022). Profit margin: 4.8% (up from 2.5% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 18
Upcoming dividend of NT$1.50 per share at 7.2% yield Eligible shareholders must have bought the stock before 25 May 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.8%). Higher than average of industry peers (4.5%). Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: NT$3.47 (vs NT$0.94 in FY 2021) Full year 2022 results: EPS: NT$3.47 (up from NT$0.94 in FY 2021). Revenue: NT$1.37b (flat on FY 2021). Net income: NT$281.3m (up 269% from FY 2021). Profit margin: 21% (up from 5.5% in FY 2021). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.46 (vs NT$0.28 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.46 (up from NT$0.28 in 3Q 2021). Revenue: NT$360.9m (up 1.3% from 3Q 2021). Net income: NT$36.1m (up 61% from 3Q 2021). Profit margin: 10.0% (up from 6.3% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.46 (vs NT$0.28 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.46 (up from NT$0.28 in 3Q 2021). Revenue: NT$360.9m (up 1.3% from 3Q 2021). Net income: NT$36.1m (up 61% from 3Q 2021). Profit margin: 10.0% (up from 6.3% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.19 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.11 (down from NT$0.19 in 2Q 2021). Revenue: NT$349.0m (up 2.0% from 2Q 2021). Net income: NT$8.55m (down 44% from 2Q 2021). Profit margin: 2.5% (down from 4.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • May 18
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 25 May 2022. Payment date: 10 June 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (4.2%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.21 (vs NT$0.33 in 1Q 2021) First quarter 2022 results: EPS: NT$0.21 (down from NT$0.33 in 1Q 2021). Revenue: NT$347.7m (up 1.9% from 1Q 2021). Net income: NT$17.1m (down 36% from 1Q 2021). Profit margin: 4.9% (down from 7.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 15% share price gain to NT$23.55, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 32% over the past three years. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$0.28 (vs NT$0.32 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$356.3m (up 5.4% from 3Q 2020). Net income: NT$22.4m (down 13% from 3Q 2020). Profit margin: 6.3% (down from 7.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.19 (vs NT$0.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$342.2m (up 19% from 2Q 2020). Net income: NT$15.2m (up 52% from 2Q 2020). Profit margin: 4.4% (up from 3.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 18
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 25 May 2021. Payment date: 11 June 2021. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.5%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.15 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$341.2m (up 19% from 1Q 2020). Net income: NT$26.8m (up 117% from 1Q 2020). Profit margin: 7.9% (up from 4.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 15% share price gain to NT$22.50, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total loss to shareholders of 1.5% over the past three years. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS NT$0.91 (vs NT$0.62 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$1.23b (flat on FY 2019). Net income: NT$73.7m (up 49% from FY 2019). Profit margin: 6.0% (up from 4.0% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 03
New 90-day high: NT$18.45 The company is up 1.0% from its price of NT$18.25 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 19% over the same period. Is New 90 Day High Low • Feb 01
New 90-day low: NT$17.00 The company is down 4.0% from its price of NT$17.80 on 04 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period. Aankondiging • Jan 26
Aurona Industries, Inc., Annual General Meeting, Apr 22, 2021 Aurona Industries, Inc., Annual General Meeting, Apr 22, 2021. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.32 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$338.1m (up 2.0% from 3Q 2019). Net income: NT$25.7m (up 69% from 3Q 2019). Profit margin: 7.6% (up from 4.6% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 05
New 90-day high: NT$17.90 The company is up 7.0% from its price of NT$16.70 on 07 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. Is New 90 Day High Low • Oct 20
New 90-day high: NT$17.80 The company is up 6.0% from its price of NT$16.80 on 22 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: NT$15.75 The company is down 11% from its price of NT$17.70 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 Electronic industry, which is down 3.0% over the same period. 
