Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$49.80, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 31x in the Electronic industry in Taiwan. Total returns to shareholders of 58% over the past three years. Upcoming Dividend • Jul 22
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 29 July 2026. Payment date: 25 August 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (1.5%). Declared Dividend • Jul 03
Dividend increased to NT$2.00 Dividend of NT$2.00 is 1.3% higher than last year. Ex-date: 29th July 2026 Payment date: 25th August 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is less than the 31% EPS growth achieved over the last 5 years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$70.90, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 149% over the past three years. Reported Earnings • May 18
First quarter 2026 earnings released: EPS: NT$0.07 (vs NT$0.58 in 1Q 2025) First quarter 2026 results: EPS: NT$0.07 (down from NT$0.58 in 1Q 2025). Revenue: NT$2.81b (up 15% from 1Q 2025). Net income: NT$20.6m (down 88% from 1Q 2025). Profit margin: 0.7% (down from 7.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$2.47 (vs NT$2.36 in FY 2024) Full year 2025 results: EPS: NT$2.47 (up from NT$2.36 in FY 2024). Revenue: NT$10.8b (up 14% from FY 2024). Net income: NT$754.0m (up 6.0% from FY 2024). Profit margin: 6.9% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 32% per year. Aankondiging • Mar 12
Ichia Technologies, Inc., Annual General Meeting, Jun 16, 2026 Ichia Technologies, Inc., Annual General Meeting, Jun 16, 2026. Location: no,268, hua ya 2nd rd., gueishan district, taoyuan city Taiwan Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to NT$46.95, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 155% over the past three years. New Risk • Mar 04
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 9.5% 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 Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$65.00, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 299% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$61.00, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 259% over the past three years. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$0.60 (vs NT$0.76 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.60 (down from NT$0.76 in 3Q 2024). Revenue: NT$2.89b (up 9.6% from 3Q 2024). Net income: NT$184.7m (down 20% from 3Q 2024). Profit margin: 6.4% (down from 8.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 38% per year. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$47.80, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 241% over the past three years. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: NT$0.68 (vs NT$0.60 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.68 (up from NT$0.60 in 2Q 2024). Revenue: NT$2.80b (up 18% from 2Q 2024). Net income: NT$206.7m (up 14% from 2Q 2024). Profit margin: 7.4% (down from 7.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 41% per year. Upcoming Dividend • Jul 25
Upcoming dividend of NT$1.97 per share Eligible shareholders must have bought the stock before 01 August 2025. Payment date: 25 August 2025. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%). Reported Earnings • May 13
First quarter 2025 earnings released: EPS: NT$580 (vs NT$0.30 in 1Q 2024) First quarter 2025 results: EPS: NT$580 (up from NT$0.30 in 1Q 2024). Revenue: NT$2.44b (up 22% from 1Q 2024). Net income: NT$175.1m (up 93% from 1Q 2024). Profit margin: 7.2% (up from 4.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 36% per year. Aankondiging • Apr 27
Ichia Technologies, Inc. to Report Q1, 2025 Results on May 05, 2025 Ichia Technologies, Inc. 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 27% After last week's 27% share price decline to NT$28.65, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 97% over the past three years. Buy Or Sell Opportunity • Apr 02
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 1.8% to NT$39.20. The fair value is estimated to be NT$31.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 38%. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$2.36 (vs NT$1.56 in FY 2023) Full year 2024 results: EPS: NT$2.36 (up from NT$1.56 in FY 2023). Revenue: NT$9.53b (up 11% from FY 2023). Net income: NT$711.2m (up 53% from FY 2023). Profit margin: 7.5% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 36% per year. Aankondiging • Mar 10
Ichia Technologies, Inc., Annual General Meeting, Jun 19, 2025 Ichia Technologies, Inc., Annual General Meeting, Jun 19, 2025. Location: no,268, hua ya 2nd rd., gueishan district, taoyuan city Taiwan Aankondiging • Mar 01
Ichia Technologies, Inc. to Report Fiscal Year 2024 Results on Mar 07, 2025 Ichia Technologies, Inc. announced that they will report fiscal year 2024 results on Mar 07, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.76 (vs NT$0.58 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.76 (up from NT$0.58 in 3Q 2023). Revenue: NT$2.63b (up 11% from 3Q 2023). Net income: NT$230.9m (up 34% from 3Q 2023). Profit margin: 8.8% (up from 7.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year. Buy Or Sell Opportunity • Nov 12
Now 20% undervalued Over the last 90 days, the stock has risen 7.7% to NT$40.70. The fair value is estimated to be NT$51.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 35%. Aankondiging • Nov 02
Ichia Technologies, Inc. to Report Q3, 2024 Results on Nov 11, 2024 Ichia Technologies, Inc. announced that they will report Q3, 2024 results on Nov 11, 2024 Buy Or Sell Opportunity • Oct 28
Now 21% undervalued Over the last 90 days, the stock has risen 5.5% to NT$41.00. The fair value is estimated to be NT$51.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 35%. Buy Or Sell Opportunity • Sep 30
Now 20% undervalued Over the last 90 days, the stock has risen 8.1% to NT$41.35. The fair value is estimated to be NT$51.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 35%. Buy Or Sell Opportunity • Sep 04
Now 20% undervalued Over the last 90 days, the stock has risen 22% to NT$41.75. The fair value is estimated to be NT$52.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 35%. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$43.90, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 181% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: NT$0.60 (vs NT$0.40 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.60 (up from NT$0.40 in 2Q 2023). Revenue: NT$2.38b (up 15% from 2Q 2023). Net income: NT$180.6m (up 52% from 2Q 2023). Profit margin: 7.6% (up from 5.7% 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 35% per year whereas the company’s share price has increased by 32% per year. Aankondiging • Aug 07
Ichia Technologies, Inc. to Report Q2, 2024 Results on Aug 13, 2024 Ichia Technologies, Inc. announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Jul 29
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: 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 (6.5% average weekly change). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$42.20, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 139% over the past three years. Upcoming Dividend • Jun 26
Upcoming dividend of NT$1.19 per share Eligible shareholders must have bought the stock before 03 July 2024. Payment date: 23 July 2024. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.6%). Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$0.30 (vs NT$0.13 in 1Q 2023) First quarter 2024 results: EPS: NT$0.30 (up from NT$0.13 in 1Q 2023). Revenue: NT$2.00b (up 4.0% from 1Q 2023). Net income: NT$90.9m (up 143% from 1Q 2023). Profit margin: 4.5% (up from 1.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: NT$1.56 (vs NT$1.20 in FY 2022) Full year 2023 results: EPS: NT$1.56 (up from NT$1.20 in FY 2022). Revenue: NT$8.56b (up 12% from FY 2022). Net income: NT$465.3m (up 30% from FY 2022). Profit margin: 5.4% (up from 4.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. 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 20% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 12
Ichia Technologies, Inc., Annual General Meeting, Jun 21, 2024 Ichia Technologies, Inc., Annual General Meeting, Jun 21, 2024. Location: 268, Hwa-Ya 2nd Road, Hwa-Ya Tech. Park, Gueishan Taoyuan City Taiwan Agenda: To consider Annual Business Report; to consider 2023 Audit report of Audit committee; to consider 2023 Approved distribution of employees business performance bonus and directors compensation; to consider 2023 directors remuneration report; and to transact such other business matters. Buying Opportunity • Nov 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be NT$43.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 37%. Buying Opportunity • Oct 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.1%. The fair value is estimated to be NT$43.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 37%. Upcoming Dividend • Aug 17
Upcoming dividend of NT$0.99 per share at 2.6% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.2%). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.40 (vs NT$0.25 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.40 (up from NT$0.25 in 2Q 2022). Revenue: NT$2.07b (up 23% from 2Q 2022). Net income: NT$119.1m (up 61% from 2Q 2022). Profit margin: 5.7% (up from 4.4% 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 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 10
Ichia Technologies, Inc. Announces Cash Dividend to Common Shareholders, Payable on September 22, 2023 Ichia Technologies, Inc. announced cash dividend to common shareholders TWD 297,536,533 distribution ratio TWD 0.99154870 per share. Payment date of cash dividend distribution on September 22, 2023 and Ex-rights (ex-dividend) record date of September 1, 2023. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$36.75, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 190% over the past three years. Aankondiging • Jun 22
Ichia Technologies, Inc. Announces Board Changes Ichia Technologies, Inc. announced the appointment of Eric Tseng as Director. The company also announced the resignation of Fa La Li Investment Co. Ltd. Representative: Huang Tzu-Hsuan as Director. Eric Tseng, CEO of ICHIA TECHNOLOGIES INC. The changes are effective from June 20, 2023. Title and name of the new position holder: Director: Benny Huang,Jennifer Huang, Huang Tzi-chen and Eric Tseng. Independent Director:Leo Huang,George Chen and Hus Wan-Lung. Resume of the new position holder: Directors: Benny Huang, Chairman of ICHIA TECHNOLOGIES INC. Jennifer Huang, Vice Chairman of ICHIA TECHNOLOGIES INC. Huang Tzi-chen, Chairman of I-SHENGELECTRICWIRE&CABLECO.,LTD. Eric Tseng, CEO of ICHIA TECHNOLOGIES INC. Independent Directors: Leo Huang, Chairman of Chroma Ate Inc. George Chen, Emeritus & Distinguished Chair Professor of National Taiwan University Hsu Wan-Lung, Secretary-General of Chinese Professional Management Association of Hsinchu. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$32.30, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 165% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$26.75, the stock trades at a trailing P/E ratio of 22.3x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 179% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: NT$1.20 (vs NT$0.75 in FY 2021) Full year 2022 results: EPS: NT$1.20 (up from NT$0.75 in FY 2021). Revenue: NT$7.65b (up 18% from FY 2021). Net income: NT$357.4m (up 60% from FY 2021). Profit margin: 4.7% (up from 3.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). Director Jennifer Huang was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Nov 10
Now 21% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be NT$23.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.7%. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 16% share price gain to NT$17.90, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 18% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.25 (vs NT$0.17 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.25 (up from NT$0.17 in 2Q 2021). Revenue: NT$1.68b (up 2.3% from 2Q 2021). Net income: NT$73.9m (up 50% from 2Q 2021). Profit margin: 4.4% (up from 3.0% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Jul 22
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 29 July 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.7%). Aankondiging • Jul 12
Ichia Technologies, Inc. Announces Cash Dividend, Payable on August 26, 2022 Ichia Technologies, Inc. announced cash dividend of TWD 148,768,267 (TWD 0.5 per share), payable on August 26, 2022 with record date of August 6, 2022 and ex-dividend of July 29, 2022. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.19 (vs NT$0.13 in 1Q 2021) First quarter 2022 results: EPS: NT$0.19 (up from NT$0.13 in 1Q 2021). Revenue: NT$1.75b (up 8.7% from 1Q 2021). Net income: NT$57.0m (up 44% from 1Q 2021). Profit margin: 3.3% (up from 2.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). Director Jennifer Huang was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: NT$0.75 (vs NT$0.40 in FY 2020) Full year 2021 results: EPS: NT$0.75 (up from NT$0.40 in FY 2020). Revenue: NT$6.48b (up 18% from FY 2020). Net income: NT$222.9m (up 86% from FY 2020). Profit margin: 3.4% (up from 2.2% in FY 2020). 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 whereas the company’s share price has remained flat. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.24 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.61b (up 4.2% from 3Q 2020). Net income: NT$80.7m (up 9.7% from 3Q 2020). Profit margin: 5.0% (up from 4.8% in 3Q 2020). The increase in margin 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 5% per year. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.17 (vs NT$0.051 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$1.65b (up 56% from 2Q 2020). Net income: NT$49.3m (up NT$65.0m from 2Q 2020). Profit margin: 3.0% (up from net loss in 2Q 2020). The move to profitability 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 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 22
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 27 August 2021. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%). Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$0.13 (vs NT$0.028 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.61b (up 43% from 1Q 2020). Net income: NT$39.7m (up 369% from 1Q 2020). Profit margin: 2.5% (up from 0.8% 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 52% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS NT$0.40 (vs NT$0.74 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.50b (down 11% from FY 2019). Net income: NT$120.2m (down 47% from FY 2019). Profit margin: 2.2% (down from 3.7% in FY 2019). The decrease in margin was driven by lower revenue. 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 5% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 15
New 90-day high: NT$19.05 The company is up 14% from a price of NT$16.70 on 15 December 2020. Performed similarly to the Taiwanese market which is up 14% over the last 90 days. Lagged the Electronic industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 20
New 90-day low: NT$16.45 The company is down 15% from its price of NT$19.30 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.24 The company reported a mediocre third quarter result with weaker revenues, although earnings were flat and profit margins were improved. Third quarter 2020 results: Revenue: NT$1.54b (down 7.0% from 3Q 2019). Net income: NT$73.6m (flat on 3Q 2019). Profit margin: 4.8% (up from 4.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 06
New 90-day high: NT$17.75 The company is up 25% from its price of NT$14.20 on 08 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 6.0% over the same period. 
