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$571, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 436% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$501 per share. Declared Dividend • Jun 01
Dividend increased to NT$12.70 Dividend of NT$12.70 is 23% higher than last year. Ex-date: 9th July 2026 Payment date: 14th August 2026 Dividend yield will be 2.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (225% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • May 21
Price target increased by 9.8% to NT$610 Up from NT$556, the current price target is an average from 6 analysts. New target price is 25% above last closing price of NT$489. Stock is up 137% over the past year. The company is forecast to post earnings per share of NT$27.82 for next year compared to NT$19.45 last year. Major Estimate Revision • May 15
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$87.5b to NT$98.8b. EPS estimate increased from NT$25.95 to NT$28.62 per share. Net income forecast to grow 46% next year vs 43% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$463 to NT$556. Share price was steady at NT$478 over the past week. Buy Or Sell Opportunity • May 13
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to NT$529. The fair value is estimated to be NT$424, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 83% in the next 2 years. Reported Earnings • May 09
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: NT$5.00 (up from NT$4.48 in 1Q 2025). Revenue: NT$21.0b (up 22% from 1Q 2025). Net income: NT$2.95b (up 25% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. 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 64% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 07
Price target increased by 13% to NT$509 Up from NT$452, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$500. Stock is up 160% over the past year. The company is forecast to post earnings per share of NT$25.65 for next year compared to NT$19.45 last year. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$444, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 350% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$478 per share. Aankondiging • Mar 11
Tripod Technology Corporation, Annual General Meeting, May 29, 2026 Tripod Technology Corporation, Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,12, kung yeh rd., pingjhen district, taoyuan city Taiwan Reported Earnings • Mar 11
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: NT$19.45 (up from NT$15.95 in FY 2024). Revenue: NT$73.4b (up 12% from FY 2024). Net income: NT$10.2b (up 22% from FY 2024). Profit margin: 14% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. 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 48% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 31
Price target increased by 15% to NT$413 Up from NT$358, the current price target is an average from 6 analysts. New target price is 10% above last closing price of NT$375. Stock is up 91% over the past year. The company is forecast to post earnings per share of NT$19.95 for next year compared to NT$15.95 last year. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$373, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 333% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$493 per share. Reported Earnings • Nov 08
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: NT$5.62 (up from NT$4.43 in 3Q 2024). Revenue: NT$19.4b (up 9.7% from 3Q 2024). Net income: NT$2.95b (up 27% from 3Q 2024). Profit margin: 15% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 17
Now 20% undervalued Over the last 90 days, the stock has risen 28% to NT$317. The fair value is estimated to be NT$398, 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 17%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Price Target Changed • Oct 16
Price target increased by 8.6% to NT$349 Up from NT$321, the current price target is an average from 6 analysts. New target price is 8.4% above last closing price of NT$322. Stock is up 67% over the past year. The company is forecast to post earnings per share of NT$19.71 for next year compared to NT$15.95 last year. Buy Or Sell Opportunity • Sep 01
Now 21% undervalued Over the last 90 days, the stock has risen 48% to NT$306. The fair value is estimated to be NT$387, 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 17%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$330, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 272% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$350 per share. Reported Earnings • Aug 08
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: NT$4.65 (up from NT$3.78 in 2Q 2024). Revenue: NT$17.9b (up 13% from 2Q 2024). Net income: NT$2.44b (up 23% from 2Q 2024). Profit margin: 14% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 1.6%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 03
Upcoming dividend of NT$10.30 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 14 August 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.2%). Declared Dividend • Jun 04
Dividend of NT$10.30 announced Shareholders will receive a dividend of NT$10.30. Ex-date: 10th July 2025 Payment date: 14th August 2025 Dividend yield will be 4.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 30
Tripod Technology Corporation Approves Cash Dividend, Payable on August 14, 2025 Tripod Technology Corporation at shareholders meeting on May 29, 2025 approved monetary amount of cash dividend distribution for common shares is TWD 5,413,740,749. Ex-rights (ex-dividend) trading date is July 10, 2025; Ex-rights (ex-dividend) record date is July 18, 2025; Payment date of common stock cash dividend distribution is August 14, 2025. Reported Earnings • May 12
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: NT$4.48 (up from NT$3.50 in 1Q 2024). Revenue: NT$17.1b (up 12% from 1Q 2024). Net income: NT$2.36b (up 28% from 1Q 2024). Profit margin: 14% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 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 15% per year whereas the company’s share price has increased by 18% per year. Aankondiging • May 01
Tripod Technology Corporation to Report Q1, 2025 Results on May 08, 2025 Tripod Technology Corporation announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$164, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 54% over the past three years. Reported Earnings • Mar 08
Full year 2024 earnings released: EPS: NT$15.95 (vs NT$11.53 in FY 2023) Full year 2024 results: EPS: NT$15.95 (up from NT$11.53 in FY 2023). Revenue: NT$65.8b (up 12% from FY 2023). Net income: NT$8.38b (up 38% from FY 2023). Profit margin: 13% (up from 10% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. 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 18% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Mar 03
Tripod Technology Corporation, Annual General Meeting, May 29, 2025 Tripod Technology Corporation, Annual General Meeting, May 29, 2025. Location: no,6-1, kung yeh 5th rd., pingjhen district, taoyuan city Taiwan Buy Or Sell Opportunity • Feb 04
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at NT$194. The fair value is estimated to be NT$244, 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 8.0%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Buy Or Sell Opportunity • Jan 13
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at NT$195. The fair value is estimated to be NT$246, 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 8.0%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Buy Or Sell Opportunity • Dec 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.0% to NT$195. The fair value is estimated to be NT$246, 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 8.0%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Buy Or Sell Opportunity • Nov 10
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at NT$193. The fair value is estimated to be NT$245, 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 8.0%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: NT$4.42 (up from NT$4.07 in 3Q 2023). Revenue: NT$17.7b (up 8.8% from 3Q 2023). Net income: NT$2.33b (up 8.7% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 10
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: NT$3.78 (up from NT$1.82 in 2Q 2023). Revenue: NT$15.8b (up 18% from 2Q 2023). Net income: NT$1.99b (up 107% from 2Q 2023). Profit margin: 13% (up from 7.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 1.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 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 3% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 09
Tripod Technology Corporation Announces Changes to Compensation Committee Tripod Technology Corporation announces changes to Compensation Committee. Name of the previous position holder: Yeong-Cheng Wu, Hsing-Cheng Tai,Wei-Ping Tang. Resume of the previous position holder: Yeong-Cheng Wu, Vice president, VIA Embedded, VIA Technologies Independent director of Tripod Technology Corporation. Name of the new position holder: Hsing-Cheng Tai,Wei-Ping Tang, Hong-Cherng Wu. Resume of the new position holder: Hsing-Cheng Tai, CPA/Senior consultant, Ernst & Young Taiwan Independent director of Tripod Technology Corporation, Wei-Ping Tang, CPA, KSP Certified Public Accountants Limited Independent director of Tripod Technology Corporation, Hong-Cherng Wu, Attorney of Iustitia Law Firm Independent director of Tripod Technology Corporation. Circumstances of change: new appointment. Effective date of the new member is August 8, 2024. Original term is from August 8, 2024 to June 17, 2027. Aankondiging • Aug 02
Tripod Technology Corporation to Report Q2, 2024 Results on Aug 08, 2024 Tripod Technology Corporation announced that they will report Q2, 2024 results on Aug 08, 2024 Buy Or Sell Opportunity • Jul 30
Now 20% undervalued Over the last 90 days, the stock has risen 1.3% to NT$200. The fair value is estimated to be NT$251, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 54% in the next 2 years. Upcoming Dividend • Jul 05
Upcoming dividend of NT$7.50 per share Eligible shareholders must have bought the stock before 10 July 2024. Payment date: 14 August 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.6%). Declared Dividend • Jun 20
Dividend increased to NT$7.50 Dividend of NT$7.50 is 0.7% higher than last year. Ex-date: 10th July 2024 Payment date: 14th August 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 73% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: NT$3.50 (vs NT$2.18 in 1Q 2023) First quarter 2024 results: EPS: NT$3.50 (up from NT$2.18 in 1Q 2023). Revenue: NT$15.3b (up 7.4% from 1Q 2023). Net income: NT$1.84b (up 61% from 1Q 2023). Profit margin: 12% (up from 8.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. 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 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$237, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 132% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$318 per share. Buy Or Sell Opportunity • Apr 09
Now 20% undervalued Over the last 90 days, the stock has risen 9.5% to NT$208. The fair value is estimated to be NT$260, 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 declined by 3.0%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Buy Or Sell Opportunity • Mar 26
Now 21% undervalued Over the last 90 days, the stock has risen 7.6% to NT$206. The fair value is estimated to be NT$261, 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 declined by 3.0%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Buy Or Sell Opportunity • Mar 11
Now 21% undervalued Over the last 90 days, the stock has risen 4.5% to NT$207. The fair value is estimated to be NT$261, 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 declined by 3.0%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Reported Earnings • Mar 05
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: NT$11.53 (down from NT$11.80 in FY 2022). Revenue: NT$58.9b (down 11% from FY 2022). Net income: NT$6.06b (down 2.2% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% 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 fallen by 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Aankondiging • Mar 01
Tripod Technology Corporation, Annual General Meeting, Jun 18, 2024 Tripod Technology Corporation, Annual General Meeting, Jun 18, 2024. Location: No.261, Nan Fung Rd., Tao Yuan City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider External Endorsement/Guarantee and Loan of Funds; and to consider other matters. Buy Or Sell Opportunity • Feb 22
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to NT$220. The fair value is estimated to be NT$183, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has declined by 2.8%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. Reported Earnings • Nov 14
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: NT$4.07 (up from NT$3.09 in 3Q 2022). Revenue: NT$16.2b (down 5.5% from 3Q 2022). Net income: NT$2.14b (up 32% from 3Q 2022). Profit margin: 13% (up from 9.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electronic industry in Taiwan. 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 19% per year, which means it is well ahead of earnings. Major Estimate Revision • Nov 10
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$9.77 to NT$11.28. Revenue forecast steady at NT$59.5b. Net income forecast to grow 30% next year vs 8.0% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$254 to NT$270. Share price rose 10% to NT$196 over the past week. New Risk • Oct 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Sep 19
Price target increased by 11% to NT$239 Up from NT$214, the current price target is an average from 4 analysts. New target price is 13% above last closing price of NT$212. Stock is up 113% over the past year. The company is forecast to post earnings per share of NT$10.05 for next year compared to NT$11.80 last year. Reported Earnings • Aug 09
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: NT$1.84 (down from NT$2.79 in 2Q 2022). Revenue: NT$13.4b (down 19% from 2Q 2022). Net income: NT$969.0m (down 34% from 2Q 2022). Profit margin: 7.2% (down from 8.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Price Target Changed • Aug 09
Price target increased by 12% to NT$132 Up from NT$118, the current price target is an average from 5 analysts. New target price is 26% below last closing price of NT$179. Stock is up 74% over the past year. The company is forecast to post earnings per share of NT$9.49 for next year compared to NT$11.80 last year. New Risk • Jul 25
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: 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 (6.1% average weekly change). Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$144, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$70.24 per share. Upcoming Dividend • Jul 06
Upcoming dividend of NT$7.45 per share at 6.0% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 16 August 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.2%). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$126, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$70.04 per share. Major Estimate Revision • May 10
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$64.7b to NT$60.8b. EPS estimate also fell from NT$10.94 per share to NT$9.43 per share. Net income forecast to shrink 20% next year vs 11% decline forecast for Electronic industry in Taiwan. Consensus price target reaffirmed at NT$116. Share price fell 5.6% to NT$110 over the past week. Reported Earnings • Mar 01
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: NT$11.80 (up from NT$11.15 in FY 2021). Revenue: NT$65.8b (up 4.4% from FY 2021). Net income: NT$6.20b (up 5.8% from FY 2021). Profit margin: 9.4% (up from 9.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Reported Earnings • Nov 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: NT$3.09 (up from NT$3.04 in 3Q 2021). Revenue: NT$17.2b (up 6.3% from 3Q 2021). Net income: NT$1.63b (up 1.9% from 3Q 2021). Profit margin: 9.5% (in line with 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Daniel Wu was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: NT$3.09 (up from NT$3.04 in 3Q 2021). Revenue: NT$17.2b (up 6.3% from 3Q 2021). Net income: NT$1.63b (up 1.9% from 3Q 2021). Profit margin: 9.5% (in line with 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Aankondiging • Nov 11
Tripod Technology Corporation Announces Executive Changes Tripod Technology Corporation announced change of the Research and Development Officer. Name, title, and resume of the previous position holder: Cheng-Ming Lu, Deputy General Manager of Tripod Technology Corporation. Name, title, and resume of the new position holder: Le-Jen Huang, General Manager of Tripod Technology Corporation. Reason for the change: Position adjustment. Effective date is November 10, 2022. Reported Earnings • Aug 13
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: NT$2.79 (up from NT$2.53 in 2Q 2021). Revenue: NT$16.6b (up 10% from 2Q 2021). Net income: NT$1.47b (up 10% from 2Q 2021). Profit margin: 8.9% (up from 8.8% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 16%. Over the next year, revenue is forecast to grow 5.4%, compared to a 8.6% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Jul 07
Upcoming dividend of NT$7.00 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 17 August 2022. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (5.1%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Daniel Wu was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: NT$11.15 (down from NT$11.65 in FY 2020). Revenue: NT$63.0b (up 13% from FY 2020). Net income: NT$5.86b (down 4.4% from FY 2020). Profit margin: 9.3% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 11%, compared to a 9.3% growth forecast for the industry in Taiwan. 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 11% per year. Aankondiging • Feb 26
Tripod Technology Corporation, Annual General Meeting, Jun 21, 2022 Tripod Technology Corporation, Annual General Meeting, Jun 21, 2022. Location: Pingzhen Industrial Park Management Center No.261, Nan Fung Rd., Pingzhen Dist., Taoyuan City 324 Tao-Yuan City Taiwan Agenda: To discuss and approve 2021 Business Report; to consider Audit Committee's Review Report on the 2021 Financial Statements; to consider External Endorsement/Guarantee and Loan of Funds; to report the distribution of 2021 employees' and directors' compensation; to consider 2021 Financial Statements; to consider on proposal for distribution of 2021 earnings; to discuss Amendments to Some Provisions of the Company's Operating Procedures for Acquisition or Disposal of Assets; and to discuss any other matters that need to be specified. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$3.04 (vs NT$3.81 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$16.2b (up 2.9% from 3Q 2020). Net income: NT$1.60b (down 20% from 3Q 2020). Profit margin: 9.9% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS NT$2.53 (vs NT$2.50 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$15.0b (up 16% from 2Q 2020). Net income: NT$1.33b (up 1.2% from 2Q 2020). Profit margin: 8.8% (down from 10% in 2Q 2020). 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 whereas the company’s share price has increased by 8% per year. Executive Departure • Jul 15
Independent Director Hong-Cherng Wu has left the company On the 9th of July, Hong-Cherng Wu's tenure as Independent Director ended after 9.1 years in the role. We don't have any record of a personal shareholding under Hong-Cherng's name. A total of 7 executives have left over the last 12 months. The current median tenure of the management team is 5.50 years. Executive Departure • Jul 15
Director Zheng Ding Wang has left the company On the 9th of July, Zheng Ding Wang's tenure as Director ended after 9.1 years in the role. We don't have any record of a personal shareholding under Zheng Ding's name. A total of 7 executives have left over the last 12 months. The current median tenure of the management team is 5.50 years. Executive Departure • Jul 15
Director Chao Gui Xu has left the company On the 9th of July, Chao Gui Xu's tenure as Director ended after 9.1 years in the role. We don't have any record of a personal shareholding under Chao Gui's name. A total of 7 executives have left over the last 12 months. The current median tenure of the management team is 5.50 years. Upcoming Dividend • Jul 06
Upcoming dividend of NT$7.35 per share Eligible shareholders must have bought the stock before 13 July 2021. Payment date: 11 August 2021. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.9%). Executive Departure • May 15
Chief Internal Auditor has left the company On the 15th of May, Li Yang Liao's tenure as Chief Internal Auditor ended after 9.2 years in the role. We don't have any record of a personal shareholding under Li Yang's name. Li Yang is the only executive to leave the company over the last 12 months. Reported Earnings • May 07
First quarter 2021 earnings released: EPS NT$2.68 (vs NT$1.86 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$15.1b (up 29% from 1Q 2020). Net income: NT$1.41b (up 44% from 1Q 2020). Profit margin: 9.3% (up from 8.3% 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 13% per year whereas the company’s share price has increased by 16% per year. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the Electronic industry in Taiwan. Aankondiging • Feb 26
Tripod Technology Corporation, Annual General Meeting, Jun 16, 2021 Tripod Technology Corporation, Annual General Meeting, Jun 16, 2021. Location: Pingzhen Industrial Park Management Center, No.261, Nan Fung Rd., Pingzhen Dist. Taoyuan City Taiwan Agenda: To discuss and approve 2020 Business Report; Audit Committee's Review Report on the 2020 Financial Statements; External Endorsement/Guarantee and Loan of Funds; The 2020 Employee Remuneration and Remuneration to Directors Report; Amendments to Rules and Procedures for Board of Directors Meetings; 2020 Financial Statements; Proposal for distribution of 2020 earnings; Discuss the revision of Rules of Procedure for Shareholders' Meetings; Discuss the amendment to Articles of Incorporation; Election of the Board of Directors; Discuss to release the Directors from non-competition restrictions. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS NT$11.65 (vs NT$11.49 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$55.5b (up 2.0% from FY 2019). Net income: NT$6.13b (up 1.5% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. 
