Reported Earnings • May 16
First quarter 2026 earnings released: NT$0.52 loss per share (vs NT$0.37 loss in 1Q 2025) First quarter 2026 results: NT$0.52 loss per share (further deteriorated from NT$0.37 loss in 1Q 2025). Revenue: NT$1.19b (down 3.3% from 1Q 2025). Net loss: NT$145.8m (loss widened 42% from 1Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. New Risk • Apr 09
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 1.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Risks Debt is not well covered by operating cash flow (7.8% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Buy Or Sell Opportunity • Apr 08
Now 22% overvalued Over the last 90 days, the stock has fallen 11% to NT$48.80. The fair value is estimated to be NT$40.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: NT$2.71 loss per share (down from NT$0.70 profit in FY 2024). Revenue: NT$4.76b (down 18% from FY 2024). Net loss: NT$756.5m (down 488% from profit in FY 2024). Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Mar 13
Hota Industrial Mfg. Co., Ltd., Annual General Meeting, May 29, 2026 Hota Industrial Mfg. Co., Ltd., Annual General Meeting, May 29, 2026. Location: 7 floor no,12, k`o pa rd., daya district, taichung city Taiwan Reported Earnings • Nov 08
Third quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.30 loss in 3Q 2024) Third quarter 2025 results: NT$0.15 loss per share (improved from NT$0.30 loss in 3Q 2024). Revenue: NT$1.19b (down 18% from 3Q 2024). Net loss: NT$40.6m (loss narrowed 52% from 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Price Target Changed • Sep 18
Price target increased by 12% to NT$46.00 Up from NT$41.00, the current price target is an average from 2 analysts. New target price is 30% below last closing price of NT$66.10. Stock is up 11% over the past year. The company is forecast to post earnings per share of NT$1.88 for next year compared to NT$0.70 last year. Reported Earnings • Aug 13
Second quarter 2025 earnings released: NT$1.54 loss per share (vs NT$0.15 profit in 2Q 2024) Second quarter 2025 results: NT$1.54 loss per share (down from NT$0.15 profit in 2Q 2024). Revenue: NT$1.13b (down 31% from 2Q 2024). Net loss: NT$429.8m (down NT$473.2m from profit in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Jun 11
Hota Industrial Mfg. Co., Ltd. Announces Election of Huang, Guo-Shu as Independent Director, Effective June 10, 2025 Hota Industrial Mfg. Co., Ltd. announced election of Huang, Guo-Shu as Independent Director, Effective date of the new appointment: June 10, 2025. Resume of the new position holder: Legislator. Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.37 loss per share (vs NT$0.32 profit in 1Q 2024) First quarter 2025 results: NT$0.37 loss per share (down from NT$0.32 profit in 1Q 2024). Revenue: NT$1.23b (down 17% from 1Q 2024). Net loss: NT$102.6m (down 216% from profit in 1Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • May 01
Hota Industrial Mfg. Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Hota Industrial Mfg. Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$52.50, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 13x in the Auto Components industry in Taiwan. Total loss to shareholders of 27% over the past three years. Upcoming Dividend • Apr 03
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 10 April 2025. Payment date: 15 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.9%). New Risk • Mar 31
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 7.8% 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 Risks Debt is not well covered by operating cash flow (1.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 8.7% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). New Risk • Mar 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 1,387% 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: Major Risks Debt is not well covered by operating cash flow (1.5% operating cash flow to total debt). Earnings have declined by 8.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). Reported Earnings • Mar 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: NT$0.70 (down from NT$1.17 in FY 2023). Revenue: NT$5.77b (down 13% from FY 2023). Net income: NT$195.1m (down 40% from FY 2023). Profit margin: 3.4% (down from 5.0% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 13% 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 28% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Feb 17
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 8.3% 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 Risks Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.3% average weekly change). New Risk • Jan 12
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 (7.4% average weekly change). Reported Earnings • Nov 15
Third quarter 2024 earnings released: NT$0.30 loss per share (vs NT$0.40 profit in 3Q 2023) Third quarter 2024 results: NT$0.30 loss per share (down from NT$0.40 profit in 3Q 2023). Revenue: NT$1.46b (down 6.9% from 3Q 2023). Net loss: NT$84.4m (down 175% from profit in 3Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 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 22% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Sep 24
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$7.07b to NT$6.27b. EPS estimate unchanged from NT$1.18 per share at last update. Auto Components industry in Taiwan expected to see average net income growth of 24% next year. Consensus price target down from NT$56.50 to NT$46.00. Share price fell 5.1% to NT$56.00 over the past week. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$0.15 (vs NT$0.77 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.15 (down from NT$0.77 in 2Q 2023). Revenue: NT$1.65b (down 7.6% from 2Q 2023). Net income: NT$43.4m (down 80% from 2Q 2023). Profit margin: 2.6% (down from 12% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 14% 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 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Aug 02
Hota Industrial Mfg. Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Hota Industrial Mfg. Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 New Risk • Jul 30
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 6.6% 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 Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$63.50, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 15x in the Auto Components industry in Taiwan. Total loss to shareholders of 34% over the past three years. Declared Dividend • Jun 15
Dividend reduced to NT$1.00 Dividend of NT$1.00 is 38% lower than last year. Ex-date: 1st July 2024 Payment date: 26th July 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (dividend approximately 38x free cash flows). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 18
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: NT$0.32 (up from NT$0.30 in 1Q 2023). Revenue: NT$1.49b (down 13% from 1Q 2023). Net income: NT$88.8m (up 7.5% from 1Q 2023). Profit margin: 6.0% (up from 4.8% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 88%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 19
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: NT$1.17 (down from NT$2.23 in FY 2022). Revenue: NT$6.60b (down 10% from FY 2022). Net income: NT$327.2m (down 48% from FY 2022). Profit margin: 5.0% (down from 8.5% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Price Target Changed • Mar 18
Price target decreased by 22% to NT$56.50 Down from NT$72.00, the current price target is an average from 2 analysts. New target price is 8.0% above last closing price of NT$52.30. Stock is down 26% over the past year. The company is forecast to post earnings per share of NT$1.65 for next year compared to NT$2.23 last year. Announcement • Mar 16
Hota Industrial Mfg. Co., Ltd. Proposes Dividend Distribution for the Year Ended December 31, 2023 Hota Industrial Mfg. Co., Ltd. proposed cash dividend of TWD 1.0 per share for the year ended December 31, 2023. Total amount of cash distributed to shareholders is TWD 279,517,513. Announcement • Mar 15
Hota Industrial Mfg. Co., Ltd., Annual General Meeting, Jun 13, 2024 Hota Industrial Mfg. Co., Ltd., Annual General Meeting, Jun 13, 2024. Location: HOTA Ind. Mfg Co., Ltd. Central Taiwan science park branch;7F, No. 12, Keya Rd., Daya Dist Taichung City Taiwan Agenda: To consider and approve the Operation Report of the Year 2023; to consider and approve Review Report for the Financial final accounts of the Year 2023 by the Audit Committee; to consider and approve Report on Remuneration Distribution for Employees and Directors of the Year 2023; to consider and approve the Report on fund loan and endorsement guarantee; and to consider and approve other matters of business. Announcement • Feb 02
Hota Industrial Mfg. Co., Ltd. Announces Change of Accounting Officer and Corporate Governance Officer Hota Industrial Mfg. Co., Ltd. announced the change of accounting officer and corporate governance officer. Name, title, and resume of the previous position holder: Chen Chang Yuan, Accounting Officer of the company. Name, title, and resume of the new position holder: Li Yuan Ji, Accounting Officer of the company. Effective date: February 1, 2024. Price Target Changed • Dec 14
Price target decreased by 13% to NT$72.00 Down from NT$82.67, the current price target is an average from 3 analysts. New target price is 19% above last closing price of NT$60.50. Stock is down 20% over the past year. The company is forecast to post earnings per share of NT$1.65 for next year compared to NT$2.23 last year. Reported Earnings • Aug 20
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: NT$0.77 (up from NT$0.67 in 2Q 2022). Revenue: NT$1.78b (down 7.7% from 2Q 2022). Net income: NT$215.4m (up 16% from 2Q 2022). Profit margin: 12% (up from 9.6% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) exceeded analyst estimates by 6.9%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Aug 11
Hota Industrial Mfg. Co., Ltd. Announces Remuneration Committee Changes Hota Industrial Mfg. Co., Ltd. announced remuneration committee changes. Name of the previous position holder: Liu, Zheng-Huai, National Taichung University of Science and Technology professor; Chueh, Ming-Fu, Lawyer and Cheng, Wen-Zheng, Vice President, E-Sun Bank. Name of the new position holder: Liu, Zheng-Huai, National Taichung University of Science and Technology professor Lawyer; Chueh, Ming-Fu, Lawyer; Cheng, Wen-Zheng, Vice President, E-Sun Bank and Zhuang, Bo-Nian, Independent Director, APEX DYNAMICS, INC. Effective date of the new member: August 10, 2023. The new members of the Remuneration Committee will serve the same term as the current Directors until June 12th,2026. Upcoming Dividend • Jun 26
Upcoming dividend of NT$1.60 per share at 2.2% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.1%). Announcement • Jun 16
Hota Industrial Mfg. Co., Ltd. Announces Dividend, Payable on 28 July 2023 Hota Industrial Mfg. Co., Ltd. announced dividend of TWD 447,228,021 (TWD 1.6 per common share), record date: 9 July 2023, Payable date is 28 July 2023. Price Target Changed • Apr 15
Price target decreased by 13% to NT$87.67 Down from NT$101, the current price target is an average from 3 analysts. New target price is 18% above last closing price of NT$74.10. Stock is down 5.2% over the past year. The company is forecast to post earnings per share of NT$3.09 for next year compared to NT$2.23 last year. Reported Earnings • Mar 18
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: NT$2.23 (up from NT$1.23 in FY 2021). Revenue: NT$7.34b (up 9.8% from FY 2021). Net income: NT$624.0m (up 83% from FY 2021). Profit margin: 8.5% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Price Target Changed • Jan 03
Price target increased to NT$102 Up from NT$92.50, the current price target is an average from 4 analysts. New target price is 53% above last closing price of NT$67.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of NT$2.63 for next year compared to NT$1.23 last year. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: NT$1.17 (up from NT$0.65 in 3Q 2021). Revenue: NT$2.02b (up 15% from 3Q 2021). Net income: NT$326.1m (up 78% from 3Q 2021). Profit margin: 16% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Auto Components industry in Taiwan. 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 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: NT$1.17 (up from NT$0.65 in 3Q 2021). Revenue: NT$2.02b (up 15% from 3Q 2021). Net income: NT$326.1m (up 78% from 3Q 2021). Profit margin: 16% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Auto Components industry in Taiwan. 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 14% per year, which means it has not declined as severely as earnings. Price Target Changed • Sep 15
Price target increased to NT$89.29 Up from NT$83.33, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$93.80. Stock is down 2.1% over the past year. The company is forecast to post earnings per share of NT$2.83 for next year compared to NT$1.23 last year. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 17% share price gain to NT$88.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Auto Components industry in Taiwan. Total loss to shareholders of 21% over the past three years. Major Estimate Revision • Aug 27
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from NT$2.32 to NT$2.67. Revenue forecast steady at NT$7.71b. Net income forecast to grow 112% next year vs 52% growth forecast for Auto Components industry in Taiwan. Consensus price target up from NT$76.50 to NT$83.33. Share price rose 8.4% to NT$86.10 over the past week. Price Target Changed • Aug 27
Price target increased to NT$83.33 Up from NT$76.50, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$86.10. Stock is down 9.4% over the past year. The company is forecast to post earnings per share of NT$2.67 for next year compared to NT$1.23 last year. Reported Earnings • Aug 15
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: NT$0.67 (up from NT$0.32 in 2Q 2021). Revenue: NT$1.93b (up 15% from 2Q 2021). Net income: NT$186.0m (up 110% from 2Q 2021). Profit margin: 9.6% (up from 5.3% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 15% share price gain to NT$68.20, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Auto Components industry in Taiwan. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$81.51 per share. Upcoming Dividend • Jun 21
Upcoming dividend of NT$1.37 per share Eligible shareholders must have bought the stock before 28 June 2022. Payment date: 28 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (6.3%). Lower than average of industry peers (2.9%). Reported Earnings • May 15
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$0.10 (down from NT$0.20 in 1Q 2021). Revenue: NT$1.58b (flat on 1Q 2021). Net income: NT$27.1m (down 51% from 1Q 2021). Profit margin: 1.7% (down from 3.5% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 61%. Over the next year, revenue is forecast to grow 16%, compared to a 9.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 52% 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. Buying Opportunity • Apr 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be NT$96.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Earnings per share has declined by 56%. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 211% in the next 2 years. Announcement • Apr 03
Hota Industrial Mfg. Ordinary Shares to Be Deleted from Other OTC Hota Industrial Mfg. Co., Ltd. Ordinary Shares (Taiwan) will be deleted from Other OTC effective from April 04, 2022, due to Inactive Security. Price Target Changed • Mar 18
Price target decreased to NT$85.50 Down from NT$97.50, the current price target is an average from 6 analysts. New target price is 12% above last closing price of NT$76.20. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$1.74 for next year compared to NT$1.12 last year. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS NT$0.65 (vs NT$0.17 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.76b (up 35% from 3Q 2020). Net income: NT$182.8m (up 330% from 3Q 2020). Profit margin: 10% (up from 3.3% 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 57% 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. Price Target Changed • Sep 15
Price target decreased to NT$104 Down from NT$113, the current price target is an average from 7 analysts. New target price is 7.7% above last closing price of NT$97.00. Stock is down 3.0% over the past year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.32 (vs NT$0.091 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.68b (up 116% from 2Q 2020). Net income: NT$88.8m (up NT$112.0m from 2Q 2020). Profit margin: 5.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 12
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from NT$2.94 to NT$2.54 per share. Revenue forecast steady at NT$7.17b. Net income forecast to grow 315% next year vs 31% growth forecast for Auto Components industry in Taiwan. Consensus price target broadly unchanged at NT$112. Share price fell 4.9% to NT$94.70 over the past week. Upcoming Dividend • Jul 28
Upcoming dividend of NT$1.10 per share Eligible shareholders must have bought the stock before 04 August 2021. Payment date: 30 August 2021. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (2.3%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.56 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$1.57b (up 12% from 1Q 2020). Net income: NT$54.8m (down 62% from 1Q 2020). Profit margin: 3.5% (down from 10% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$1.12 (vs NT$2.55 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.21b (down 13% from FY 2019). Net income: NT$286.1m (down 56% from FY 2019). Profit margin: 5.5% (down from 11% in FY 2019). 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 only fallen by 3% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Mar 24
Consensus forecasts updated The consensus outlook for 2020 has been updated. 2020 EPS estimate fell from NT$1.39 to NT$1.22 per share. Revenue forecast steady at NT$5.18b. Net income forecast to grow 224% next year vs 74% growth forecast for Auto Components industry in Taiwan. Consensus price target up from NT$106 to NT$121. Share price rose 4.1% to NT$114 over the past week. Price Target Changed • Mar 20
Price target increased to NT$114 Up from NT$106, the current price target is an average from 7 analysts. New target price is 7.0% above last closing price of NT$107. Stock is up 32% over the past year. Announcement • Mar 19
Hota Industrial Mfg. Co., Ltd., Annual General Meeting, Jun 10, 2021 Hota Industrial Mfg. Co., Ltd., Annual General Meeting, Jun 10, 2021. Is New 90 Day High Low • Jan 05
New 90-day high: NT$121 The company is up 25% from its price of NT$96.40 on 07 October 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 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$35.75 per share. Price Target Changed • Dec 10
Price target raised to NT$103 Up from NT$94.38, the current price target is an average from 7 analysts. The new target price is 5.5% below the current share price of NT$109. As of last close, the stock is down 4.0% over the past year. Major Estimate Revision • Dec 05
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from NT$2.61 to NT$2.22. No change was made to the revenue estimate which at the last update was NT$4.95b. Net income is expected to grow by 211% next year compared to 71% growth forecast for the Auto Components industry in Taiwan. The consensus price target increased from NT$94.38 to NT$100.00. Share price is up 11% to NT$110 over the past week. Is New 90 Day High Low • Dec 04
New 90-day high: NT$110 The company is up 6.0% from its price of NT$103 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$87.66 per share. Major Estimate Revision • Nov 18
Analysts update estimates The 2020 consensus revenue estimate was lowered from NT$5.04b to NT$4.95b. Earnings per share (EPS) increased from NT$2.18 to NT$2.61 for the same period. Net income is expected to grow by 211% next year compared to 52% growth forecast for the Auto Components industry in Taiwan. The consensus price target increased from NT$90.88 to NT$94.38. Share price is up 1.5% to NT$96.10 over the past week. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.17 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.30b (down 15% from 3Q 2019). Net income: NT$42.6m (down 77% from 3Q 2019). Profit margin: 3.3% (down from 12% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% 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. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.1%. Earnings per share (EPS) missed analyst estimates by 47%. Over the next year, revenue is forecast to grow 26%, compared to a 16% growth forecast for the Auto Components industry in Taiwan. Is New 90 Day High Low • Oct 28
New 90-day low: NT$89.20 The company is down 7.0% from its price of NT$96.10 on 30 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$33.17 per share. Major Estimate Revision • Sep 24
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from NT$1.65 to NT$1.87. No change was made to the revenue estimate which at the last update was NT$4.99b. Net income is expected to grow by 86% next year compared to 72% growth forecast for the Auto Components industry in Taiwan. The consensus price target of NT$88.38 was unchanged from the last update. Share price is down by 6.6% to NT$93.20 over the past week. Is New 90 Day High Low • Sep 24
New 90-day low: NT$93.20 The company is down 12% from its price of NT$106 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 Auto Components 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$112 per share.