Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$81.40, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 35x in the Electronic industry in Taiwan. Total loss to shareholders of 32% over the past three years. New Risk • Jul 17
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 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.7% average weekly change). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$112, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 42x in the Electronic industry in Taiwan. Total loss to shareholders of 19% over the past three years. Buy Or Sell Opportunity • Jun 15
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 7.9% to NT$90.50. The fair value is estimated to be NT$72.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has declined by 26%. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$84.50, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 43x in the Electronic industry in Taiwan. Total loss to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$111, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 38x in the Electronic industry in Taiwan. Total loss to shareholders of 26% over the past three years. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.16 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00. Revenue: NT$242.4m (down 1.4% from 1Q 2025). Net income: NT$49.1m (flat on 1Q 2025). Profit margin: 20% (in line with 1Q 2025). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$91.00, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 30x in the Electronic industry in Taiwan. Total loss to shareholders of 38% over the past three years. New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.14b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.14b market cap, or US$99.2m). Aankondiging • Feb 26
M3 Technology Inc., Annual General Meeting, May 22, 2026 M3 Technology Inc., Annual General Meeting, May 22, 2026. Location: 1 floor no,399, jui kuang rd., neihu district, taipei city Taiwan Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: NT$3.70 (vs NT$2.94 in FY 2024) Full year 2025 results: EPS: NT$3.70 (up from NT$2.94 in FY 2024). Revenue: NT$966.7m (up 6.6% from FY 2024). Net income: NT$157.2m (up 29% from FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.07b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.07b market cap, or US$97.8m). Reported Earnings • Nov 01
Third quarter 2025 earnings: EPS in line with expectations, revenues disappoint Third quarter 2025 results: EPS: NT$1.40 (up from NT$0.55 in 3Q 2024). Revenue: NT$237.1m (up 7.3% from 3Q 2024). Net income: NT$59.2m (up 157% from 3Q 2024). Profit margin: 25% (up from 10% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 04
Second quarter 2025 earnings released: NT$0.26 loss per share (vs NT$0.70 profit in 2Q 2024) Second quarter 2025 results: NT$0.26 loss per share (down from NT$0.70 profit in 2Q 2024). Revenue: NT$246.5m (up 1.6% from 2Q 2024). Net loss: NT$11.1m (down 139% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% 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. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$115, the stock trades at a trailing P/E ratio of 37.4x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total loss to shareholders of 38% over the past three years. Reported Earnings • May 01
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: NT$1.16 (up from NT$0.97 in 1Q 2024). Revenue: NT$245.9m (up 11% from 1Q 2024). Net income: NT$48.8m (up 24% from 1Q 2024). Profit margin: 20% (up from 18% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 21%. 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 18% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 22
M3 Technology Inc. to Report Q1, 2025 Results on Apr 29, 2025 M3 Technology Inc. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to NT$98.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$129, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 38% over the past three years. Reported Earnings • Feb 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: NT$2.94 (down from NT$5.42 in FY 2023). Revenue: NT$907.2m (down 11% from FY 2023). Net income: NT$121.6m (down 44% from FY 2023). Profit margin: 13% (down from 21% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$127, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total loss to shareholders of 46% over the past three years. Aankondiging • Feb 19
M3 Technology Inc. to Report Fiscal Year 2024 Results on Feb 26, 2025 M3 Technology Inc. announced that they will report fiscal year 2024 results on Feb 26, 2025 New Risk • Jan 22
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 6.4% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$98.20, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 63% over the past three years. Major Estimate Revision • Nov 14
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$987.0m to NT$909.0m. EPS estimate also fell from NT$4.34 per share to NT$3.02 per share. Net income forecast to grow 28% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$128 unchanged from last update. Share price fell 7.9% to NT$99.50 over the past week. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: NT$0.55 (down from NT$1.50 in 3Q 2023). Revenue: NT$221.0m (down 22% from 3Q 2023). Net income: NT$23.1m (down 62% from 3Q 2023). Profit margin: 10% (down from 22% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 61%. Revenue is forecast to grow 12% 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 fallen by 21% per year whereas the company’s share price has fallen by 26% per year. Aankondiging • Oct 30
M3 Technology Inc. Approves Appointment of Yeh, Jui-Pin as Chief Executive Officer, Effective October 30, 2024 M3 Technology Inc. announced chief executive officer's appointment approved by the board of directors. Name, title, and resume of the new position holder: Yeh, Jui-Pin /Independent Director of Progate Group Corporation. Effective date is October 30, 2024. Aankondiging • Oct 22
M3 Technology Inc. to Report Q3, 2024 Results on Oct 29, 2024 M3 Technology Inc. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$121, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 43% over the past three years. Upcoming Dividend • Aug 09
Upcoming dividend of NT$2.97 per share Eligible shareholders must have bought the stock before 16 August 2024. Payment date: 06 September 2024. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.6%). In line with average of industry peers (3.0%). Reported Earnings • Aug 03
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: NT$0.70 (down from NT$1.48 in 2Q 2023). Revenue: NT$242.5m (down 5.6% from 2Q 2023). Net income: NT$28.9m (down 51% from 2Q 2023). Profit margin: 12% (down from 23% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 01
M3 Technology Inc. announced a financing transaction M3 Technology Inc. announced a private placement that it will issue 32,000 common shares of the company to receive funding on July 30, 2024. The transaction has been approved by the board of directors of the company. Aankondiging • Jul 23
M3 Technology Inc. to Report Q2, 2024 Results on Jul 30, 2024 M3 Technology Inc. announced that they will report Q2, 2024 results on Jul 30, 2024 Aankondiging • May 25
M3 Technology Inc. Appoints Wei-Tse Hung as Natural-Person Director M3 Technology Inc. appointed Wei-Tse Hung as natural-person director. Resume of the new position holder: Director of M3 Technology Inc. Director of Gear Radio Electronics Corp. Senior Manager of H.K Investment Co. Ltd. Effective date of the new appointment May 24, 2024. Major Estimate Revision • May 10
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$1.17b to NT$1.02b. EPS estimate fell from NT$6.42 to NT$4.96 per share. Net income forecast to shrink 2.0% next year vs 33% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$204 to NT$168. Share price fell 4.1% to NT$140 over the past week. Price Target Changed • May 09
Price target decreased by 8.0% to NT$188 Down from NT$204, the current price target is an average from 3 analysts. New target price is 33% above last closing price of NT$142. Stock is up 0.7% over the past year. The company is forecast to post earnings per share of NT$4.96 for next year compared to NT$5.42 last year. Reported Earnings • May 04
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: NT$0.97. Revenue: NT$222.2m (up 1.6% from 1Q 2023). Net income: NT$39.5m (up 1.9% from 1Q 2023). Profit margin: 18% (in line with 1Q 2023). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Aankondiging • Apr 27
M3 Technology Inc. to Report Q1, 2024 Results on May 02, 2024 M3 Technology Inc. announced that they will report Q1, 2024 results on May 02, 2024 Aankondiging • Apr 10
M3 Technology Inc. Announces Financial Officer and Accounting Officer Changes M3 Technology Inc. announced changes in the Company's financial officer and accounting officer. Name, title, and resume of the previous position holder: Shu-Hui Huang /Finance director. Name, title, and resume of the new position holder: Yi-Ru Jheng /Finance manager. Reason for the change: position adjustment. Effective date: April 9, 2024. New Risk • Apr 09
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 101% Dividend yield: 1.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Price Target Changed • Mar 07
Price target increased by 20% to NT$219 Up from NT$183, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$194. Stock is up 24% over the past year. The company is forecast to post earnings per share of NT$6.59 for next year compared to NT$5.42 last year. New Risk • Mar 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% 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: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Aankondiging • Mar 01
M3 Technology Inc., Annual General Meeting, May 24, 2024 M3 Technology Inc., Annual General Meeting, May 24, 2024. Location: 1F., No. 399, Ruiguang Rd., Neihu Dist. Taipei City Taiwan Agenda: To consider Business Report in 2023 of the Company; to consider Audit Committee Review Report on 2023 Financial Statements; to consider Distribution of 2023 Directors Remuneration; to consider Distribution of 2023 Employees Remuneration; to consider distribution of Cash Dividends of 2023; to consider 2023 Parent company only financial statements, consolidated financial statements and business report of the Company; to consider the Company’s 2023 earnings distribution proposal; and to consider other related matters. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$214, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 73% over the past three years. Price Target Changed • Jan 25
Price target increased by 10% to NT$183 Up from NT$166, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$179. Stock is up 83% over the past year. The company is forecast to post earnings per share of NT$5.10 for next year compared to NT$7.58 last year. Buying Opportunity • Dec 01
Now 20% undervalued Over the last 90 days, the stock is up 7.1%. The fair value is estimated to be NT$207, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 37% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$155, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 42% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$182 per share. Price Target Changed • Nov 16
Price target decreased by 8.1% to NT$177 Down from NT$193, the current price target is an average from 3 analysts. New target price is 26% above last closing price of NT$141. Stock is up 22% over the past year. The company is forecast to post earnings per share of NT$5.19 for next year compared to NT$7.58 last year. Buying Opportunity • Oct 11
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 5.2%. The fair value is estimated to be NT$182, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 25% in a year. Earnings is forecast to grow by 28% in the next year. Buying Opportunity • Sep 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be NT$181, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 25% in a year. Earnings is forecast to grow by 28% in the next year. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$151, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 10% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$183 per share. Reported Earnings • Aug 15
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: NT$1.48 (down from NT$2.16 in 2Q 2022). Revenue: NT$257.0m (down 21% from 2Q 2022). Net income: NT$59.4m (down 29% from 2Q 2022). Profit margin: 23% (down from 26% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$126, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total loss to shareholders of 4.8% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$119 per share. Upcoming Dividend • Jun 29
Upcoming dividend of NT$3.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$181, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 6.3% over the past year. Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: NT$7.58 (vs NT$7.51 in FY 2021) Full year 2022 results: EPS: NT$7.58 (up from NT$7.51 in FY 2021). Revenue: NT$1.18b (up 12% from FY 2021). Net income: NT$296.0m (up 7.3% from FY 2021). Profit margin: 25% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$154, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 41% over the past year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$116, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$101, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 62% over the past year. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Zheng Pei-Yu is the most experienced director on the board, commencing their role in 2020. Independent Director Jiang Zhi-Feng was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: NT$1.77 (vs NT$1.99 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.77 (down from NT$1.99 in 3Q 2021). Revenue: NT$281.1m (up 7.6% from 3Q 2021). Net income: NT$71.7m (down 2.0% from 3Q 2021). Profit margin: 26% (down from 28% in 3Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$99.20, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 50% over the past year. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$120, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 21% over the past year. Reported Earnings • Aug 15
Second quarter 2022 earnings released Second quarter 2022 results: EPS: NT$2.16. Net income: NT$83.8m (up NT$83.8m from 2Q 2021). Upcoming Dividend • Jul 26
Upcoming dividend of NT$2.73 per share Eligible shareholders must have bought the stock before 02 August 2022. Payment date: 30 August 2022. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (4.6%). Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$130, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 7.2% over the past year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$170, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 21% over the past year. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 20% share price gain to NT$201, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 61% over the past year. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$2.37 (vs NT$1.55 in 1Q 2021) First quarter 2022 results: EPS: NT$2.37 (up from NT$1.55 in 1Q 2021). Revenue: NT$319.5m (up 34% from 1Q 2021). Net income: NT$87.2m (up 53% from 1Q 2021). Profit margin: 27% (up from 24% in 1Q 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Zheng Pei-Yu is the most experienced director on the board, commencing their role in 2020. Independent Director Jiang Zhi-Feng was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$174, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past year. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$218, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 65% over the past year. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$7.51 (up from NT$3.73 in FY 2020). Revenue: NT$1.05b (up 66% from FY 2020). Net income: NT$276.0m (up 101% from FY 2020). Profit margin: 26% (up from 22% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Aankondiging • Feb 26
M3 Technology Inc., Annual General Meeting, May 26, 2022 M3 Technology Inc., Annual General Meeting, May 26, 2022. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$280, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 99% over the past year. Reported Earnings • Dec 29
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: NT$1.99 (up from NT$1.19 in 3Q 2020). Revenue: NT$261.2m (up 34% from 3Q 2020). Net income: NT$73.1m (up 67% from 3Q 2020). Profit margin: 28% (up from 23% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 18% share price gain to NT$304, the stock trades at a trailing P/E ratio of 55.5x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 22% share price gain to NT$242, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 16% share price gain to NT$214, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improved over the past week After last week's 19% share price gain to NT$228, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 20% share price gain to NT$158, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 18% share price gain to NT$150, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$110, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan.