New Risk • Jul 09
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 12% 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 (12% average weekly change). Earnings have declined by 16% per year over the past 5 years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$181, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 308% over the past three years. Declared Dividend • Jun 26
Dividend of NT$2.00 announced Shareholders will receive a dividend of NT$2.00. Ex-date: 9th July 2026 Payment date: 31st July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (327% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 40% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.0% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$167, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 289% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to NT$116, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 34x in the Electronic industry in Taiwan. Total returns to shareholders of 172% over the past three years. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$80.00, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 93% over the past three years. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.88 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.88 in 1Q 2025). Revenue: NT$1.42b (up 9.6% from 1Q 2025). Net income: NT$163.0m (up 28% from 1Q 2025). Profit margin: 12% (up from 9.8% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$66.60, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 27x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$62.00, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 51% over the past three years. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$3.45 (vs NT$3.13 in FY 2024) Full year 2025 results: EPS: NT$3.45 (up from NT$3.13 in FY 2024). Revenue: NT$5.42b (up 7.8% from FY 2024). Net income: NT$493.7m (up 8.8% from FY 2024). Profit margin: 9.1% (up from 9.0% 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 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Aankondiging • Mar 12
TA-I Technology Co., Ltd., Annual General Meeting, Jun 12, 2026 TA-I Technology Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,4 ln.17, sec.3 nan shan rd., lujhu district, taoyuan city Taiwan Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$69.20, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$61.40, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$71.50, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 85% over the past three years. New Risk • Nov 14
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 6.7% 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 Earnings have declined by 16% 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. Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$1.04 (vs NT$0.40 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.04 (up from NT$0.40 in 3Q 2024). Revenue: NT$1.34b (up 1.1% from 3Q 2024). Net income: NT$148.4m (up 157% from 3Q 2024). Profit margin: 11% (up from 4.4% in 3Q 2024). The increase in margin was primarily driven by lower expenses. 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 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$61.40, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 69% over the past three years. Buy Or Sell Opportunity • Oct 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to NT$52.00. The fair value is estimated to be NT$43.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 24%. Buy Or Sell Opportunity • Sep 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to NT$52.20. The fair value is estimated to be NT$43.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 24%. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$51.10, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: NT$0.61 (vs NT$0.89 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.61 (down from NT$0.89 in 2Q 2024). Revenue: NT$1.42b (up 12% from 2Q 2024). Net income: NT$87.4m (down 32% from 2Q 2024). Profit margin: 6.2% (down from 10% 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 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Jun 20
Upcoming dividend of NT$1.82 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 24 July 2025. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (3.3%). Declared Dividend • Jun 06
Dividend increased to NT$1.82 Dividend of NT$1.82 is 21% higher than last year. Ex-date: 26th June 2025 Payment date: 24th July 2025 Dividend yield will be 4.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Aankondiging • Jun 05
TA-I Technology Co., Ltd. Approves Cash Dividend for the Year 2024, Payable on July 24, 2025 TA-I Technology Co., Ltd. announced Cash dividends TWD 259,497,611 (TWD 1.81808 per share) of common stock for the year 2024 . Ex-rights (ex-dividend) trading date: June 26, 2025. Ex-rights (ex-dividend) record date: July 2, 2025. Payment date of common stock cash dividend distribution: July 24, 2025. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: NT$0.88 (vs NT$0.92 in 1Q 2024) First quarter 2025 results: EPS: NT$0.88 (down from NT$0.92 in 1Q 2024). Revenue: NT$1.30b (up 21% from 1Q 2024). Net income: NT$127.4m (down 4.5% from 1Q 2024). Profit margin: 9.8% (down from 12% 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 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Aankondiging • May 07
TA-I Technology Co., Ltd. to Report Q1, 2025 Results on May 14, 2025 TA-I Technology Co., Ltd. announced that they will report Q1, 2025 results on May 14, 2025 Aankondiging • Apr 25
TA-I Technology Co., Ltd. announced a financing transaction TA-I Technology Co., Ltd. announced a private placement transaction issuing up to 60,000 shares on April 23, 2025. The transaction has been approved by board of directors of the company. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$39.00, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 15% over the past three years. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: NT$3.13 (vs NT$2.56 in FY 2023) Full year 2024 results: EPS: NT$3.13 (up from NT$2.56 in FY 2023). Revenue: NT$5.03b (up 9.5% from FY 2023). Net income: NT$453.6m (up 23% from FY 2023). Profit margin: 9.0% (up from 8.1% 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 36% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 11
TA-I Technology Co., Ltd., Annual General Meeting, Jun 04, 2025 TA-I Technology Co., Ltd., Annual General Meeting, Jun 04, 2025. Location: no,4 ln.17, sec.3 nan shan rd., lujhu district, taoyuan city Taiwan Aankondiging • Feb 28
TA-I Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 10, 2025 TA-I Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 10, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.40 (vs NT$0.84 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.40 (down from NT$0.84 in 3Q 2023). Revenue: NT$1.32b (up 11% from 3Q 2023). Net income: NT$57.8m (down 53% from 3Q 2023). Profit margin: 4.4% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Aankondiging • Nov 06
TA-I Technology Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024 TA-I Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.89 (vs NT$0.92 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.89 (down from NT$0.92 in 2Q 2023). Revenue: NT$1.27b (up 10% from 2Q 2023). Net income: NT$128.8m (down 2.8% from 2Q 2023). Profit margin: 10% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. 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. Buy Or Sell Opportunity • Aug 07
Now 21% overvalued Over the last 90 days, the stock has fallen 1.2% to NT$48.20. The fair value is estimated to be NT$39.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 27%. Aankondiging • Aug 07
TA-I Technology Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024 TA-I Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 Declared Dividend • Jun 08
Dividend reduced to NT$1.50 Dividend of NT$1.50 is 25% lower than last year. Ex-date: 27th June 2024 Payment date: 24th July 2024 Dividend yield will be 2.8%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 43% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$0.92 (vs NT$0.58 in 1Q 2023) First quarter 2024 results: EPS: NT$0.92 (up from NT$0.58 in 1Q 2023). Revenue: NT$1.08b (down 3.3% from 1Q 2023). Net income: NT$133.4m (up 59% from 1Q 2023). Profit margin: 12% (up from 7.5% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% 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. Aankondiging • May 02
TA-I Technology Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 TA-I Technology Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 08, 2024 Aankondiging • Mar 20
TA-I Technology Co., Ltd., Annual General Meeting, Jun 05, 2024 TA-I Technology Co., Ltd., Annual General Meeting, Jun 05, 2024. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: NT$2.56 (vs NT$4.32 in FY 2022) Full year 2023 results: EPS: NT$2.56 (down from NT$4.32 in FY 2022). Revenue: NT$4.59b (down 8.5% from FY 2022). Net income: NT$369.9m (down 41% from FY 2022). Profit margin: 8.1% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: NT$0.84 (vs NT$1.10 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.84 (down from NT$1.10 in 3Q 2022). Revenue: NT$1.19b (up 7.3% from 3Q 2022). Net income: NT$121.8m (down 23% from 3Q 2022). Profit margin: 10% (down from 14% in 3Q 2022). 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 whereas the company’s share price has fallen by 13% per year. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: NT$0.92 (vs NT$1.45 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.92 (down from NT$1.45 in 2Q 2022). Revenue: NT$1.15b (down 12% from 2Q 2022). Net income: NT$132.5m (down 37% from 2Q 2022). Profit margin: 12% (down from 16% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 29
Upcoming dividend of NT$2.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 46% and the cash payout ratio is 75%. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.3%). Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: NT$4.31 (vs NT$6.61 in FY 2021) Full year 2022 results: EPS: NT$4.31 (down from NT$6.61 in FY 2021). Revenue: NT$5.02b (down 21% from FY 2021). Net income: NT$623.5m (down 34% from FY 2021). Profit margin: 12% (down from 15% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buying Opportunity • Nov 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be NT$54.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 24%. 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. 9 experienced directors. No highly experienced directors. 1 independent director (6 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$1.09 (vs NT$1.61 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.09 (down from NT$1.61 in 3Q 2021). Revenue: NT$1.11b (down 29% from 3Q 2021). Net income: NT$158.5m (down 31% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 08
Now 20% undervalued Over the last 90 days, the stock is up 3.1%. The fair value is estimated to be NT$54.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: NT$1.45 (vs NT$1.97 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.45 (down from NT$1.97 in 2Q 2021). Revenue: NT$1.31b (down 20% from 2Q 2021). Net income: NT$209.5m (down 25% from 2Q 2021). Profit margin: 16% (down from 17% in 2Q 2021). The decrease in margin was driven by lower revenue. 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 • Jun 30
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$42.70, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 15% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.6%). Buying Opportunity • Jun 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be NT$65.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 4.0%. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$1.58 (vs NT$1.75 in 1Q 2021) First quarter 2022 results: EPS: NT$1.58 (down from NT$1.75 in 1Q 2021). Revenue: NT$1.44b (down 10% from 1Q 2021). Net income: NT$226.7m (down 8.9% from 1Q 2021). Profit margin: 16% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. 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. 9 experienced directors. No highly experienced directors. 1 independent director (6 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. Aankondiging • Mar 23
TA-I Technology Co., Ltd., Annual General Meeting, Jun 09, 2022 TA-I Technology Co., Ltd., Annual General Meeting, Jun 09, 2022. Reported Earnings • Mar 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$6.60 (up from NT$4.70 in FY 2020). Revenue: NT$6.31b (up 17% from FY 2020). Net income: NT$943.0m (up 43% from FY 2020). Profit margin: 15% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS NT$1.61 (vs NT$0.93 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.57b (up 4.7% from 3Q 2020). Net income: NT$229.7m (up 75% from 3Q 2020). Profit margin: 15% (up from 8.8% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$1.97 (vs NT$1.73 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$1.63b (up 17% from 2Q 2020). Net income: NT$280.7m (up 16% from 2Q 2020). Profit margin: 17% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% 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. Upcoming Dividend • Jul 22
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 20 August 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$59.20, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 37% over the past three years. Reported Earnings • May 11
First quarter 2021 earnings released: EPS NT$1.75 (vs NT$1.67 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$1.60b (up 46% from 1Q 2020). Net income: NT$248.7m (up 6.0% from 1Q 2020). Profit margin: 16% (down from 21% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year. Aankondiging • Mar 20
TA-I Technology Co., Ltd., Annual General Meeting, Jun 11, 2021 TA-I Technology Co., Ltd., Annual General Meeting, Jun 11, 2021. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS NT$4.70 (vs NT$2.30 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.39b (up 20% from FY 2019). Net income: NT$661.6m (up 71% from FY 2019). Profit margin: 12% (up from 8.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 20% share price gain to NT$90.20, the stock is trading at a trailing P/E ratio of 18.6x, up from the previous P/E ratio of 15.5x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 114%. Is New 90 Day High Low • Dec 24
New 90-day high: NT$80.90 The company is up 28% from its price of NT$63.20 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: NT$79.30 The company is up 17% from its price of NT$67.90 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: NT$72.80 The company is up 8.0% from its price of NT$67.30 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is up 5.0% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.93 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.50b (up 31% from 3Q 2019). Net income: NT$131.4m (down 3.8% from 3Q 2019). Profit margin: 8.8% (down from 12% in 3Q 2019). 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 increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Sep 24
New 90-day low: NT$65.30 The company is down 17% from its price of NT$79.00 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period.