Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$6.09 (vs NT$4.76 in FY 2024) Full year 2025 results: EPS: NT$6.09 (up from NT$4.76 in FY 2024). Revenue: NT$1.73b (up 9.4% from FY 2024). Net income: NT$921.6m (up 28% from FY 2024). Profit margin: 53% (up from 46% in FY 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Aankondiging • Mar 05
Young Fast Optoelectronics Co., Ltd., Annual General Meeting, May 25, 2026 Young Fast Optoelectronics Co., Ltd., Annual General Meeting, May 25, 2026. Location: no,32, ching chien 5th rd., guanyin district, taoyuan city Taiwan Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$2.80 (vs NT$2.03 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.80 (up from NT$2.03 in 3Q 2024). Revenue: NT$484.5m (flat on 3Q 2024). Net income: NT$424.1m (up 38% from 3Q 2024). Profit margin: 88% (up from 63% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$63.10, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 156% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: NT$0.75 (vs NT$0.94 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.75 (down from NT$0.94 in 2Q 2024). Revenue: NT$436.2m (down 7.6% from 2Q 2024). Net income: NT$113.1m (down 21% from 2Q 2024). Profit margin: 26% (down from 30% in 2Q 2024). The decrease in margin was driven by lower revenue. 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 25% per year. Declared Dividend • Aug 13
Dividend of NT$3.00 announced Shareholders will receive a dividend of NT$3.00. Ex-date: 26th August 2025 Payment date: 19th September 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 32% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • May 24
Young Fast Optoelectronics Co., Ltd. Appoints Chihyung Chin as Independent Director Young Fast Optoelectronics Co., Ltd. at the AGM held on May 23, 2025, the shareholders approved the appointment of Chihyung Chin as Independent director. Reported Earnings • May 14
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: NT$1.34 (up from NT$1.07 in 1Q 2024). Revenue: NT$374.0m (up 11% from 1Q 2024). Net income: NT$202.9m (up 26% from 1Q 2024). Profit margin: 54% (up from 48% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Aankondiging • May 01
Young Fast Optoelectronics Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Young Fast Optoelectronics Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Aankondiging • Apr 09
Young Fast Optoelectronics Co., Ltd. Appoints Chihyung Chin as Member of Remuneration Committee, Effective April 8, 2025 Young Fast Optoelectronics Co., Ltd. appointed Chihyung Chin as member of remuneration committee, effective April 8, 2025. Resume of the new position holder: Director of Leading Change International CPA Firm. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$44.65, 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 67% over the past three years. Aankondiging • Mar 03
Young Fast Optoelectronics Co., Ltd., Annual General Meeting, May 23, 2025 Young Fast Optoelectronics Co., Ltd., Annual General Meeting, May 23, 2025, at 09:00 Taipei Standard Time. Location: no,32, ching chien 5th rd., guanyin district, taoyuan city Taiwan Aankondiging • Feb 20
Young Fast Optoelectronics Co., Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025 Young Fast Optoelectronics Co., Ltd. announced that they will report fiscal year 2024 results on Feb 27, 2025 Aankondiging • Dec 26
Young Fast Optoelectronics Co., Ltd. Announces Resignation of Fengyu Ho as member of Sustainable Development Committee Young Fast Optoelectronics Co., Ltd. announced the resignation of Fengyu Ho as Sustainable Development Committee member. Date of occurrence of the change: December 25, 2024. Resume of the previous position holder: Director of the company and Vice President. Reason for the change: job assignment. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: NT$2.02 (up from NT$1.84 in 3Q 2023). Revenue: NT$486.0m (down 7.0% from 3Q 2023). Net income: NT$306.6m (up 9.8% from 3Q 2023). Profit margin: 63% (up from 53% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 5.8%. Revenue is forecast to stay flat 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 41% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 30
Young Fast Optoelectronics Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Young Fast Optoelectronics Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$73.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 185% over the past three years. Major Estimate Revision • Sep 24
Consensus EPS estimates increase by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$3.93 to NT$4.66. Revenue forecast steady at NT$1.64b. Net income forecast to shrink 0.5% next year vs 20% growth forecast for Electronic industry in Taiwan . Consensus price target of NT$71.00 unchanged from last update. Share price rose 26% to NT$73.10 over the past week. Declared Dividend • Aug 14
Dividend increased to NT$2.00 Dividend of NT$2.00 is 33% higher than last year. Ex-date: 28th August 2024 Payment date: 20th September 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 (41% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 48% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: NT$0.94 (up from NT$0.51 in 2Q 2023). Revenue: NT$472.2m (up 21% from 2Q 2023). Net income: NT$142.6m (up 84% from 2Q 2023). Profit margin: 30% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$53.00, the stock trades at a trailing P/E ratio of 12x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 100% over the past three years. Aankondiging • Aug 01
Young Fast Optoelectronics Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Young Fast Optoelectronics Co., Ltd. announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Aug 08, 2024 Buy Or Sell Opportunity • Jul 01
Now 28% undervalued Over the last 90 days, the stock has risen 6.1% to NT$72.80. The fair value is estimated to be NT$101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 38%. Buy Or Sell Opportunity • Jun 19
Now 21% undervalued Over the last 90 days, the stock has risen 32% to NT$79.30. The fair value is estimated to be NT$101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 38%. New Risk • Jun 14
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 8.5% 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 (8.5% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$69.90, the stock trades at a trailing P/E ratio of 15.8x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 145% over the past three years. New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Reported Earnings • May 12
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: NT$1.07 (up from NT$0.40 in 1Q 2023). Revenue: NT$337.1m (up 12% from 1Q 2023). Net income: NT$161.2m (up 170% from 1Q 2023). Profit margin: 48% (up from 20% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 66%. 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 24% per year, which means it is significantly lagging earnings growth. Aankondiging • May 02
Young Fast Optoelectronics Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 Young Fast Optoelectronics Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: NT$3.75 (vs NT$2.75 in FY 2022) Full year 2023 results: EPS: NT$3.75 (up from NT$2.75 in FY 2022). Revenue: NT$1.64b (up 6.0% from FY 2022). Net income: NT$567.5m (up 36% from FY 2022). Profit margin: 35% (up from 27% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 28
Young Fast Optoelectronics Co., Ltd., Annual General Meeting, May 27, 2024 Young Fast Optoelectronics Co., Ltd., Annual General Meeting, May 27, 2024. Location: No. 32, Jingjian 5th Rd.,Guanyin Dist., Taoyuan City Taoyuan City Taiwan Agenda: To approve the 2023 Business Report; To approve the 2023 Audit Committees Review Report; The employees profit share and directors compensation of 2023; The directors remuneration of the Company for 2023. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$66.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 143% over the past three years. New Risk • Jan 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.2% average weekly change). Minor Risk Dividend is not well covered by cash flows (111% cash payout ratio). Major Estimate Revision • Jan 11
Consensus EPS estimates increase by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from NT$1.53b to NT$1.64b. EPS estimate increased from NT$2.68 to NT$3.46 per share. Net income forecast to grow 21% next year vs 24% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$51.00 to NT$55.00. Share price rose 16% to NT$49.80 over the past week. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$47.75, 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 58% over the past three years. New Risk • Oct 07
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 5.9% 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 (5.9% average weekly change). Upcoming Dividend • Sep 01
Upcoming dividend of NT$1.50 per share at 3.3% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.2%). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$39.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 101% over the past three years. Reported Earnings • Aug 13
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: NT$0.51 (down from NT$0.68 in 2Q 2022). Revenue: NT$391.1m (down 24% from 2Q 2022). Net income: NT$77.4m (down 24% from 2Q 2022). Profit margin: 20% (in line with 2Q 2022). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: NT$2.75 (vs NT$1.44 in FY 2021) Full year 2022 results: EPS: NT$2.75 (up from NT$1.44 in FY 2021). Revenue: NT$1.55b (up 6.6% from FY 2021). Net income: NT$416.1m (up 91% from FY 2021). Profit margin: 27% (up from 15% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. 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 Wenxiu Zhang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 30
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (4.5%). Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.67 (vs NT$0.10 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.67 (up from NT$0.10 in 2Q 2021). Revenue: NT$513.8m (up 61% from 2Q 2021). Net income: NT$102.1m (up NT$86.6m from 2Q 2021). Profit margin: 20% (up from 4.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$27.45, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 75% over the past three years. 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. 5 experienced directors. 6 highly experienced directors. No independent directors (9 non-independent directors). Director Chen Hui 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 17
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: NT$1.44 (up from NT$1.26 in FY 2020). Revenue: NT$1.45b (up 56% from FY 2020). Net income: NT$217.5m (up 14% from FY 2020). Profit margin: 15% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.00 (vs NT$0.95 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$422.8m (up 55% from 3Q 2020). Net income: NT$150.9m (up 4.4% from 3Q 2020). Profit margin: 36% (down from 53% 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 23% per year and the company’s share price has also increased by 23% per year. Upcoming Dividend • Aug 26
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 29 September 2021. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (3.2%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.095 (vs NT$0.13 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$319.5m (up 34% from 2Q 2020). Net income: NT$15.5m (down 23% from 2Q 2020). Profit margin: 4.9% (down from 8.5% 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 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.19 (vs NT$0.048 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$337.2m (up 189% from 1Q 2020). Net income: NT$28.2m (up NT$35.4m from 1Q 2020). Profit margin: 8.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$36.00, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 130% over the past three years. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 21% share price gain to NT$43.20, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 177% over the past three years. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$1.26 (vs NT$0.93 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$926.5m (up 1.5% from FY 2019). Net income: NT$191.1m (up 36% from FY 2019). Profit margin: 21% (up from 15% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 07
New 90-day high: NT$38.50 The company is up 75% from its price of NT$22.00 on 08 October 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 18% share price gain to NT$33.80, the stock is trading at a trailing P/E ratio of 27.8x, up from the previous P/E ratio of 23.7x. 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 108%. Is New 90 Day High Low • Nov 18
New 90-day high: NT$26.95 The company is up 22% from its price of NT$22.10 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is flat over the same period. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 15% share price gain to NT$24.50, the stock is trading at a trailing P/E ratio of 20.3x, up from the previous P/E ratio of 17.7x. This compares to an average P/E of 16x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 52%. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.96 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$272.1m (up 4.5% from 3Q 2019). Net income: NT$144.5m (up 19% from 3Q 2019). Profit margin: 53% (up from 47% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 30
New 90-day low: NT$20.60 The company is down 13% from its price of NT$23.60 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period.