Upcoming Dividend • 3h
Upcoming dividend of NT$1.94 per share Eligible shareholders must have bought the stock before 02 July 2026. Payment date: 31 July 2026. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (2.7%). Aankondiging • Jun 12
Lintes Technology Accelerates AI Connectivity Expansion Through Optical Communication and Scalable Manufacturing Lintes Technology is fully upgrading to flexible and replicable automated production lines, ensuring it fulfills global customers' large-scale mass production needs. At COMPUTEX 2026, Lintes presented its connectivity portfolio spanning multiple layers of AI infrastructure, from edge AI devices to hyperscale AI clusters. The showcased solutions included: Hyperscale AI networking solutions, including AEC, DAC, CPC, and CPO solutions developed for cluster infrastructure. High-density AI server interconnect solutions, including MCIO, Multi-Trak, and SlimSAS solutions designed for scale-up computing environments. High-bandwidth connectivity for edge and device AI applications, including Thunderbolt and USB solutions. To fulfill the global large-scale mass production demand, Lintes Technology made astrategic investment in Gen Precision in 2020, strengthening its optical communication manufacturing, automation, and inspection capabilities. With more than 30 years of precision machining expertise, Gen Precision has supported the optical communication industry's evolution toward higher bandwidth and channel density, delivering ultra-precision manufacturing capabilities reaching the 0.1 µm level for passive optical components. Meanwhile, leveraging Gen Precision's expertise in automated production line construction, automated optical coupling and testing, and smart manufacturing system integration, this collaboration will accelerate Lintes' dynamic expansion of high-bandwidth interconnect capacity worldwide, enabling Lintes to scale high-bandwidth interconnect production globally while maintaining consistent quality and manufacturing efficiency. Reported Earnings • May 12
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.69 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.69 in 1Q 2025). Revenue: NT$510.2m (up 17% from 1Q 2025). Net income: NT$67.5m (up 48% from 1Q 2025). Profit margin: 13% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$1.80 (vs NT$5.26 in FY 2024) Full year 2025 results: EPS: NT$1.80 (down from NT$5.26 in FY 2024). Revenue: NT$1.68b (down 25% from FY 2024). Net income: NT$119.1m (down 65% from FY 2024). Profit margin: 7.1% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Aankondiging • Mar 11
Lintes Technology Co., Ltd., Annual General Meeting, May 29, 2026 Lintes Technology Co., Ltd., Annual General Meeting, May 29, 2026. Location: b2 floor building. a no,726, chung cheng rd., jhonghe district, new taipei city Taiwan New Risk • Feb 23
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 6.9% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 201% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to NT$141, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 20% over the past three years. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$0.03 (vs NT$1.35 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.03 (down from NT$1.35 in 3Q 2024). Revenue: NT$307.5m (down 47% from 3Q 2024). Net income: NT$2.13m (down 98% from 3Q 2024). Profit margin: 0.7% (down from 15% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% 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. Reported Earnings • Aug 12
Second quarter 2025 earnings released: EPS: NT$0.45 (vs NT$1.49 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.45 (down from NT$1.49 in 2Q 2024). Revenue: NT$491.5m (down 12% from 2Q 2024). Net income: NT$29.6m (down 70% from 2Q 2024). Profit margin: 6.0% (down from 18% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% 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. Upcoming Dividend • Jul 24
Upcoming dividend of NT$3.92 per share Eligible shareholders must have bought the stock before 31 July 2025. Payment date: 29 August 2025. Payout ratio is on the higher end at 91% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.7%). Declared Dividend • Jul 05
Dividend of NT$3.90 announced Shareholders will receive a dividend of NT$3.90. Ex-date: 31st July 2025 Payment date: 29th August 2025 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 41% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 5.2% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend. Aankondiging • May 30
Lintes Technology Co., Ltd. Approves Cash Dividend Lintes Technology Co., Ltd. announced at annual general meeting held on May 29, 2025, the shareholders approved the distribution of TWD 3.9 cash dividend per common share. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$0.69 (vs NT$1.67 in 1Q 2024) First quarter 2025 results: EPS: NT$0.69 (down from NT$1.67 in 1Q 2024). Revenue: NT$434.6m (down 22% from 1Q 2024). Net income: NT$45.8m (down 56% from 1Q 2024). Profit margin: 11% (down from 19% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Aankondiging • Apr 30
Lintes Technology Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 Lintes Technology Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 New Risk • Apr 10
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 8.0% 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 High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to NT$101, the stock trades at a trailing P/E ratio of 19.5x. Average forward P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 5.4% over the past three years. New Risk • Mar 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$5.26 (vs NT$6.38 in FY 2023) Full year 2024 results: EPS: NT$5.26 (down from NT$6.38 in FY 2023). Revenue: NT$2.24b (down 8.6% from FY 2023). Net income: NT$343.2m (down 14% from FY 2023). Profit margin: 15% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Aankondiging • Mar 13
Lintes Technology Co., Ltd., Annual General Meeting, May 29, 2025 Lintes Technology Co., Ltd., Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: b2 floor building. a no,726, chung cheng rd., jhonghe district, new taipei city Taiwan Aankondiging • Mar 01
Lintes Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2025 Lintes Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2025 New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: NT$1.35 (vs NT$2.26 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.35 (down from NT$2.26 in 3Q 2023). Revenue: NT$580.6m (down 6.7% from 3Q 2023). Net income: NT$89.3m (down 37% from 3Q 2023). Profit margin: 15% (down from 23% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Tech industry in Taiwan. 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 14% per year. Buy Or Sell Opportunity • Sep 19
Now 21% overvalued Over the last 90 days, the stock has fallen 14% to NT$165. The fair value is estimated to be NT$136, 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 grown by 23%. Buy Or Sell Opportunity • Aug 20
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at NT$165. The fair value is estimated to be NT$137, 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 grown by 23%. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$1.49 (vs NT$1.44 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.49 (up from NT$1.44 in 2Q 2023). Revenue: NT$558.5m (down 4.2% from 2Q 2023). Net income: NT$97.9m (up 9.5% from 2Q 2023). Profit margin: 18% (up from 15% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 31
Upcoming dividend of NT$3.30 per share Eligible shareholders must have bought the stock before 07 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.2%). Aankondiging • Jul 31
Lintes Technology Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Lintes Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Aankondiging • Jun 14
Lintes Technology Co., Ltd. Approves the Distribution for the Year 2023 Lintes Technology Co., Ltd. announced that at its Annual shareholders meeting held on June 12, 2024, approve the distribution of TWD 3.5 cash dividend per common share for the year 2023. New Risk • May 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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 (7.6% average weekly change). Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$1.66 (vs NT$1.60 in 1Q 2023) First quarter 2024 results: EPS: NT$1.66 (up from NT$1.60 in 1Q 2023). Revenue: NT$556.1m (down 17% from 1Q 2023). Net income: NT$104.5m (up 5.4% from 1Q 2023). Profit margin: 19% (up from 15% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Aankondiging • May 02
Lintes Technology Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 Lintes Technology Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$6.38 (vs NT$9.42 in FY 2022) Full year 2023 results: EPS: NT$6.38 (down from NT$9.42 in FY 2022). Revenue: NT$2.45b (down 27% from FY 2022). Net income: NT$396.7m (down 30% from FY 2022). Profit margin: 16% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 05
Price target increased by 43% to NT$258 Up from NT$180, the current price target is provided by 1 analyst. New target price is 23% above last closing price of NT$209. Stock is up 39% over the past year. The company posted earnings per share of NT$9.42 last year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$214, the stock trades at a trailing P/E ratio of 29.4x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 67% over the past three years. Aankondiging • Feb 20
Lintes Technology Co., Ltd. announced that it expects to receive TWD 30 million in funding Lintes Technology Co., Ltd. announced a private placement to issue 3,000,000 common shares at a price of TWD 10 per share for the gross proceeds of up to TWD 30,000,000 on February 19, 2024. The transaction has been approved by the board of directors of the company. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$185, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 59% over the past three years. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$2.26 (vs NT$3.24 in 3Q 2022) Third quarter 2023 results: EPS: NT$2.26 (down from NT$3.24 in 3Q 2022). Revenue: NT$622.4m (down 33% from 3Q 2022). Net income: NT$140.9m (down 29% from 3Q 2022). Profit margin: 23% (up from 22% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 09
Lintes Technology Co., Ltd. has filed a Follow-on Equity Offering. Lintes Technology Co., Ltd. has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,400,000
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 800,000
Transaction Features: Rights Offering Aankondiging • Sep 28
Lintes Technology Co., Ltd. Announces Executive Changes Lintes Technology Co., Ltd. announced the change of financial officer. Name, title, and resume of the previous position holder: Financial officer and Spokesperson Eric Chu/CFO of the Company. Name, title, and resume of the new position holder: Financial officer Jenny Wang/Senior financial manager of the Company. Reason for the change: position adjustment. Effective date is October 02, 2023. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$160, the stock trades at a trailing P/E ratio of 19.3x. Average forward P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 24% over the past three years. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$1.44 (vs NT$2.69 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.44 (down from NT$2.69 in 2Q 2022). Revenue: NT$583.2m (down 36% from 2Q 2022). Net income: NT$89.4m (down 45% from 2Q 2022). Profit margin: 15% (down from 18% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Aug 09
Lintes Technology Co., Ltd. Appoints Eileen Hsueh as Accounting Officer Lintes Technology Co., Ltd. announced new appointment of accounting officer. Name, title, and resume of the new position holder: Eileen Hsueh, Accounting manager, Accounting manager of Tailyn Technologies Inc. Effective date: August 8, 2023. Upcoming Dividend • Jul 11
Upcoming dividend of NT$4.47 per share at 3.4% yield Eligible shareholders must have bought the stock before 18 July 2023. Payment date: 16 August 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.8%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: NT$9.42 (vs NT$3.05 in FY 2021) Full year 2022 results: EPS: NT$9.42 (up from NT$3.05 in FY 2021). Revenue: NT$3.37b (up 36% from FY 2021). Net income: NT$570.2m (up 228% from FY 2021). Profit margin: 17% (up from 7.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 30% per year. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$155, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 144% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$152, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 45% over the past three years. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 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. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$113, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 21% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$2.69 (vs NT$0.24 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.69 (up from NT$0.24 in 2Q 2021). Revenue: NT$910.6m (up 86% from 2Q 2021). Net income: NT$162.7m (up NT$149.1m from 2Q 2021). Profit margin: 18% (up from 2.8% 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 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of NT$1.80 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (7.9%). Aankondiging • Jun 16
Lintes Technology Co., Ltd. Approves Distribution of Cash Dividend Lintes Technology Co., Ltd. approved the distribution of TWD 1.8 cash dividend per common share, at its AGM held on June 15, 2022. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 17% share price gain to NT$131, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 35% over the past three years. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$1.42 (vs NT$0.89 in 1Q 2021) First quarter 2022 results: EPS: NT$1.42 (up from NT$0.89 in 1Q 2021). Revenue: NT$675.0m (up 20% from 1Q 2021). Net income: NT$82.7m (up 63% from 1Q 2021). Profit margin: 12% (up from 9.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 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 • Mar 31
Full year 2021 earnings released: EPS: NT$3.05 (vs NT$4.77 in FY 2020) Full year 2021 results: EPS: NT$3.05 (down from NT$4.77 in FY 2020). Revenue: NT$2.47b (up 2.9% from FY 2020). Net income: NT$174.0m (down 36% from FY 2020). Profit margin: 7.0% (down from 11% in FY 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 but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.06 (vs NT$0.52 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$745.5m (up 44% from 3Q 2020). Net income: NT$60.3m (up 104% from 3Q 2020). Profit margin: 8.1% (up from 5.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 18
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 24 September 2021. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (5.5%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.24 (vs NT$1.98 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$490.3m (down 35% from 2Q 2020). Net income: NT$13.6m (down 88% from 2Q 2020). Profit margin: 2.8% (down from 15% in 2Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 17% share price gain to NT$130, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total loss to shareholders of 13% over the past year. Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$0.89 (vs NT$0.95 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$560.8m (up 40% from 1Q 2020). Net income: NT$50.7m (down 6.7% from 1Q 2020). Profit margin: 9.0% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$4.77 (vs NT$3.04 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.40b (up 7.1% from FY 2019). Net income: NT$271.9m (up 74% from FY 2019). Profit margin: 11% (up from 7.0% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 25
New 90-day low: NT$119 The company is down 10.0% from its price of NT$132 on 27 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 10.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS NT$0.52 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$516.6m (up 6.6% from 3Q 2019). Net income: NT$29.6m (down 40% from 3Q 2019). Profit margin: 5.7% (down from 10% in 3Q 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Nov 02
New 90-day low: NT$122 The company is down 15% from its price of NT$144 on 04 August 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$699 per share. Is New 90 Day High Low • Sep 24
New 90-day low: NT$127 The company is down 14% from its price of NT$147 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 Tech industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$713 per share.