Reported Earnings • May 09
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: NT$1.00 (down from NT$1.77 in 1Q 2025). Revenue: NT$1.68b (up 17% from 1Q 2025). Net income: NT$106.1m (down 20% from 1Q 2025). Profit margin: 6.3% (down from 9.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Announcement • Mar 16
Macauto Industrial Co., Ltd., Annual General Meeting, Jun 17, 2026 Macauto Industrial Co., Ltd., Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: no,6, yung k`o 5th rd., yongkang district, tainan city Taiwan Reported Earnings • Mar 14
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: NT$5.27 (up from NT$4.20 in FY 2024). Revenue: NT$6.32b (up 15% from FY 2024). Net income: NT$389.9m (up 24% from FY 2024). Profit margin: 6.2% (up from 5.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Price Target Changed • Nov 24
Price target decreased by 13% to NT$73.00 Down from NT$83.50, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$56.70. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of NT$4.82 for next year compared to NT$4.20 last year. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$1.48 (vs NT$0.76 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.48 (up from NT$0.76 in 3Q 2024). Revenue: NT$1.57b (up 16% from 3Q 2024). Net income: NT$109.5m (up 91% from 3Q 2024). Profit margin: 7.0% (up from 4.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Auto Components industry in Taiwan. 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 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.98 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.34 (down from NT$0.98 in 2Q 2024). Revenue: NT$1.58b (up 18% from 2Q 2024). Net income: NT$25.5m (down 65% from 2Q 2024). Profit margin: 1.6% (down from 5.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Jul 31
Upcoming dividend of NT$2.32 per share Eligible shareholders must have bought the stock before 07 August 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.7%). New Risk • Jul 29
New major risk - Revenue and earnings growth Earnings have declined by 6.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.8% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 17
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: NT$1.77 (up from NT$1.23 in 1Q 2024). Revenue: NT$1.43b (up 19% from 1Q 2024). Net income: NT$132.5m (up 44% from 1Q 2024). Profit margin: 9.2% (up from 7.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 110%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Announcement • May 03
Macauto Industrial Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Macauto Industrial Co., Ltd. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on May 09, 2025 New Risk • Apr 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$96.9m) 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (NT$3.19b market cap, or US$96.9m). 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$44.95, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Auto Components industry in Taiwan. Total loss to shareholders of 28% over the past three years. Buy Or Sell Opportunity • Mar 21
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.4% to NT$56.70. The fair value is estimated to be NT$47.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.3% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Reported Earnings • Mar 18
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: NT$4.20 (down from NT$5.77 in FY 2023). Revenue: NT$5.52b (up 6.0% from FY 2023). Net income: NT$314.4m (down 27% from FY 2023). Profit margin: 5.7% (down from 8.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 12
Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2025 Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2025, at 09:00 Taipei Standard Time. Location: no,6, yung k`o 5th rd., yongkang district, tainan city Taiwan Announcement • Feb 27
Macauto Industrial Co., Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2025 Macauto Industrial Co., Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2025 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 14
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: NT$0.76 (down from NT$1.52 in 3Q 2023). Revenue: NT$1.36b (up 3.0% from 3Q 2023). Net income: NT$57.2m (down 50% from 3Q 2023). Profit margin: 4.2% (down from 8.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Announcement • Nov 05
Macauto Industrial Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Macauto Industrial Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Upcoming Dividend • Aug 14
Upcoming dividend of NT$3.40 per share Eligible shareholders must have bought the stock before 21 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (3.4%). Reported Earnings • Aug 13
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: NT$0.98 (down from NT$1.44 in 2Q 2023). Revenue: NT$1.33b (up 12% from 2Q 2023). Net income: NT$73.1m (down 32% from 2Q 2023). Profit margin: 5.5% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Announcement • Aug 01
Macauto Industrial Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Macauto Industrial Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Declared Dividend • Jul 22
Dividend increased to NT$3.40 Dividend of NT$3.40 is 3.0% higher than last year. Ex-date: 21st August 2024 Payment date: 20th September 2024 Dividend yield will be 4.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 1.8% over the next year. However, it would need to fall by 33% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$1.23 (vs NT$1.35 in 1Q 2023) First quarter 2024 results: EPS: NT$1.23 (down from NT$1.35 in 1Q 2023). Revenue: NT$1.21b (down 1.2% from 1Q 2023). Net income: NT$92.1m (down 8.8% from 1Q 2023). Profit margin: 7.6% (down from 8.2% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Announcement • May 03
Macauto Industrial Co., Ltd. to Report Q1, 2024 Results on May 03, 2024 Macauto Industrial Co., Ltd. announced that they will report Q1, 2024 results on May 03, 2024 Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: NT$5.77 (vs NT$5.50 in FY 2022) Full year 2023 results: EPS: NT$5.77 (up from NT$5.50 in FY 2022). Revenue: NT$5.21b (up 7.4% from FY 2022). Net income: NT$432.2m (up 4.9% from FY 2022). Profit margin: 8.3% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year. Announcement • Mar 09
Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2024 Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: No. 6, Yongke 5th Rd, Yongkang Dist., Tainan City 710, R.O.C. Tainan City Taiwan Agenda: To consider 2023 Business Report; To consider Audit Committees Review Report on 2023 Financial Statements; To consider Report on 2023 employees' and directors' remuneration; To consider 2023 Earnings Distribution-Cash Dividend Report. Board Change • Jan 24
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. 6 experienced directors. No highly experienced directors. 1 independent director (3 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. Announcement • Nov 17
Macauto Industrial Co., Ltd. Announces Change of Corporate Director's Representative Macauto Industrial Co., Ltd. announced the change of corporate director's representative. Name of the previous position holder: Hsu Fang Ming. Resume of the previous position holder: Director's representative of Tayih Kenmos Auto Parts Co., Ltd. Name of the new position holder: Cheng Ching Hsiang. Resume of the new position holder: Director's representative of Tayih Kenmos Auto Parts Co., Ltd. Effective date of the new appointment is November 15, 2023. Upcoming Dividend • Aug 15
Upcoming dividend of NT$3.30 per share at 4.2% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (3.3%). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$1.44 (vs NT$0.74 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.44 (up from NT$0.74 in 2Q 2022). Revenue: NT$1.20b (up 20% from 2Q 2022). Net income: NT$108.1m (up 95% from 2Q 2022). Profit margin: 9.0% (up from 5.6% in 2Q 2022). 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 remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 31
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: NT$5.50 (up from NT$5.33 in FY 2021). Revenue: NT$4.85b (up 1.6% from FY 2021). Net income: NT$412.0m (up 3.1% from FY 2021). Profit margin: 8.5% (up from 8.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new 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. No highly experienced 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: Insufficient board refreshment. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: NT$1.78 (vs NT$0.89 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.78 (up from NT$0.89 in 3Q 2021). Revenue: NT$1.27b (up 17% from 3Q 2021). Net income: NT$133.2m (up 99% from 3Q 2021). Profit margin: 11% (up from 6.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year. Buying Opportunity • Oct 13
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be NT$79.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 23% in a year. Earnings is forecast to grow by 116% in the next year. Buying Opportunity • Sep 19
Now 21% undervalued Over the last 90 days, the stock is up 3.1%. The fair value is estimated to be NT$85.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 23% in a year. Earnings is forecast to grow by 116% in the next year. Upcoming Dividend • Aug 31
Upcoming dividend of NT$3.30 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 07 October 2022. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: NT$0.74 (vs NT$1.52 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.74 (down from NT$1.52 in 2Q 2021). Revenue: NT$997.5m (down 20% from 2Q 2021). Net income: NT$55.4m (down 51% from 2Q 2021). Profit margin: 5.6% (down from 9.2% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 19%, compared to a 16% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year. Reported Earnings • May 11
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$1.16 (down from NT$1.75 in 1Q 2021). Revenue: NT$1.14b (down 13% from 1Q 2021). Net income: NT$86.7m (down 34% from 1Q 2021). Profit margin: 7.6% (down from 10.0% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 6.4%, compared to a 6.5% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Board Change • Apr 27
Insufficient new 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. No highly experienced 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: Insufficient board refreshment. Major Estimate Revision • Nov 27
Consensus EPS estimates fall to NT$5.63 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$5.29b to NT$4.89b. EPS estimate also fell from NT$6.97 to NT$5.63. Net income forecast to grow 9.8% next year vs 33% growth forecast for Auto Components industry in Taiwan. Consensus price target down from NT$107 to NT$99.25. Share price fell 4.2% to NT$78.20 over the past week. Price Target Changed • Nov 26
Price target decreased to NT$99.25 Down from NT$112, the current price target is an average from 3 analysts. New target price is 27% above last closing price of NT$78.20. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$5.63 for next year compared to NT$6.69 last year. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$0.90 (vs NT$1.97 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.08b (down 14% from 3Q 2020). Net income: NT$66.8m (down 55% from 3Q 2020). Profit margin: 6.2% (down from 12% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 31
Upcoming dividend of NT$4.70 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 08 October 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$1.51 (vs NT$0.93 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.24b (up 43% from 2Q 2020). Net income: NT$113.7m (up 63% from 2Q 2020). Profit margin: 9.2% (up from 8.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • May 13
First quarter 2021 earnings released: EPS NT$1.75 (vs NT$0.97 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.31b (up 24% from 1Q 2020). Net income: NT$130.8m (up 80% from 1Q 2020). Profit margin: 10.0% (up from 6.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year. Major Estimate Revision • Mar 31
Consensus EPS estimates increase to NT$8.54 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$5.57b to NT$5.92b. EPS estimate increased from NT$7.70 to NT$8.54 per share. Net income forecast to grow 28% next year vs 88% growth forecast for Auto Components industry in Taiwan. Consensus price target up from NT$109 to NT$114. Share price rose 7.4% to NT$104 over the past week. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$6.69 (vs NT$7.53 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$4.64b (down 20% from FY 2019). Net income: NT$501.1m (down 11% from FY 2019). Profit margin: 11% (up from 9.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year. Is New 90 Day High Low • Dec 31
New 90-day high: NT$91.30 The company is up 22% from its price of NT$74.60 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$142 per share. Price Target Changed • Nov 15
Price target raised to NT$99.00 Up from NT$90.60, the current price target is an average from 5 analysts. The new target price is 12% above the current share price of NT$88.50. As of last close, the stock is down 3.8% over the past year. Analyst Estimate Surprise Post Earnings • Nov 11
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 18%. Over the next year, revenue is forecast to grow 13%, compared to a 13% growth forecast for the Auto Components industry in Taiwan. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS NT$1.97 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.25b (down 13% from 3Q 2019). Net income: NT$147.9m (up 20% from 3Q 2019). Profit margin: 12% (up from 8.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 18% per year. Price Target Changed • Oct 14
Price target raised to NT$90.60 Up from NT$84.32, the current price target is an average from 5 analysts. The new target price is 20% above the current share price of NT$75.70. As of last close, the stock is down 22% over the past year.