Reported Earnings • May 17
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.15 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00. Revenue: NT$9.42b (up 18% from 1Q 2025). Net income: NT$643.0m (up 2.2% from 1Q 2025). Profit margin: 6.8% (down from 7.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Buy Or Sell Opportunity • Apr 08
Now 21% overvalued Over the last 90 days, the stock has fallen 5.5% to NT$54.90. The fair value is estimated to be NT$45.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Apr 05
Full year 2025 earnings released: EPS: NT$5.47 (vs NT$7.30 in FY 2024) Full year 2025 results: EPS: NT$5.47 (down from NT$7.30 in FY 2024). Revenue: NT$32.1b (down 18% from FY 2024). Net income: NT$2.99b (down 25% from FY 2024). Profit margin: 9.3% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 23
China Motor Corporation(TWSE:2204) dropped from FTSE All-World Index (USD) China Motor Corporation(TWSE:2204) dropped from FTSE All-World Index (USD) Declared Dividend • Mar 12
Dividend reduced to NT$3.60 Dividend of NT$3.60 is 14% lower than last year. Ex-date: 23rd July 2026 Payment date: 28th August 2026 Dividend yield will be 6.3%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Mar 11
Now 26% overvalued Over the last 90 days, the stock has fallen 5.3% to NT$56.80. The fair value is estimated to be NT$45.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Jul 10
Upcoming dividend of NT$4.20 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 20 August 2025. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (5.2%). Reported Earnings • May 16
First quarter 2025 earnings released: EPS: NT$1.15 (vs NT$2.29 in 1Q 2024) First quarter 2025 results: EPS: NT$1.15 (down from NT$2.29 in 1Q 2024). Revenue: NT$7.95b (down 35% from 1Q 2024). Net income: NT$629.4m (down 50% from 1Q 2024). Profit margin: 7.9% (down from 10% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$60.80, the stock trades at a trailing P/E ratio of 8.4x. Average forward P/E is 11x in the Auto industry in Taiwan. Total returns to shareholders of 26% over the past three years. New Risk • Apr 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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 (10% net profit margin). Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: NT$7.30 (vs NT$10.36 in FY 2023) Full year 2024 results: EPS: NT$7.30 (down from NT$10.36 in FY 2023). Revenue: NT$39.2b (up 1.9% from FY 2023). Net income: NT$3.98b (down 30% from FY 2023). Profit margin: 10% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 8.3% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 26
China Motor Corporation Announces Change of President China Motor Corporation announced the change of president. Name of the previous position holder: Chao-Wen Chen. Resume of the previous position holder: President of China-Motor Corporation. Name of the new position holder: Hsin-Cheng Tseng. Resume of the new position holder: Vice President of China-Motor Corporation. Reason for the change: retirement. Effective date of the new appointment is April 1, 2025. Announcement • Mar 13
China Motor Corporation, Annual General Meeting, May 29, 2025 China Motor Corporation, Annual General Meeting, May 29, 2025, at 10:00 Taipei Standard Time. Location: 1 floor no,3, sec.3 chung hsing rd., sindian district, new taipei city Taiwan Declared Dividend • Mar 13
Dividend reduced to NT$4.20 Dividend of NT$4.20 is 30% lower than last year. Ex-date: 17th July 2025 Payment date: 20th August 2025 Dividend yield will be 5.3%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 12
China Motor Corporation Approves Dividend for the Year Ended December 31, 2024, Payable on August 20, 2025 China Motor Corporation approved dividend of TWD 4.2 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders TWD 2,325,205,436. Ex-rights (ex-dividend) trading date: July 17, 2025. Ex-rights (ex-dividend) record date: July 25, 2025. Payment date of common stock cash dividend distribution: August 20, 2025. Buy Or Sell Opportunity • Mar 04
Now 20% overvalued Over the last 90 days, the stock has fallen 7.1% to NT$79.10. The fair value is estimated to be NT$65.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 27%. Announcement • Mar 04
China Motor Corporation to Report Fiscal Year 2024 Results on Mar 11, 2025 China Motor Corporation announced that they will report fiscal year 2024 results on Mar 11, 2025 Price Target Changed • Dec 21
Price target decreased by 15% to NT$119 Down from NT$139, the current price target is an average from 2 analysts. New target price is 59% above last closing price of NT$75.00. Stock is down 35% over the past year. The company posted earnings per share of NT$10.36 last year. 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. Buy Or Sell Opportunity • Nov 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to NT$90.60. The fair value is estimated to be NT$74.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 27%. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$84.90, the stock trades at a trailing P/E ratio of 10.2x. Average forward P/E is 12x in the Auto industry in Taiwan. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$73.69 per share. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$1.56 (vs NT$2.46 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.56 (down from NT$2.46 in 3Q 2023). Revenue: NT$8.35b (down 9.5% from 3Q 2023). Net income: NT$853.9m (down 37% from 3Q 2023). Profit margin: 10% (down from 15% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
China Motor Corporation to Report Q3, 2024 Results on Nov 05, 2024 China Motor Corporation announced that they will report Q3, 2024 results on Nov 05, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: NT$2.21 (vs NT$2.83 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.21 (down from NT$2.83 in 2Q 2023). Revenue: NT$11.6b (up 24% from 2Q 2023). Net income: NT$1.21b (down 22% from 2Q 2023). Profit margin: 10% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to NT$80.60, the stock trades at a trailing P/E ratio of 8.2x. Average forward P/E is 8x in the Auto industry in Taiwan. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$45.31 per share. Price Target Changed • Aug 01
Price target decreased by 11% to NT$139 Down from NT$156, the current price target is an average from 3 analysts. New target price is 43% above last closing price of NT$97.70. Stock is up 8.3% over the past year. The company posted earnings per share of NT$10.36 last year. Announcement • Jul 23
China Motor Corporation to Report Q2, 2024 Results on Jul 30, 2024 China Motor Corporation announced that they will report Q2, 2024 results on Jul 30, 2024 Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$111, the stock trades at a trailing P/E ratio of 11.3x. Average forward P/E is 10x in the Auto industry in Taiwan. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$54.74 per share. Upcoming Dividend • Jul 11
Upcoming dividend of NT$6.00 per share Eligible shareholders must have bought the stock before 18 July 2024. Payment date: 21 August 2024. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.3%). Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$2.29 (vs NT$2.71 in 1Q 2023) First quarter 2024 results: EPS: NT$2.29 (down from NT$2.71 in 1Q 2023). Revenue: NT$12.3b (up 35% from 1Q 2023). Net income: NT$1.25b (down 15% from 1Q 2023). Profit margin: 10% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: NT$10.36 (vs NT$14.23 loss in FY 2022) Full year 2023 results: EPS: NT$10.36 (up from NT$14.23 loss in FY 2022). Revenue: NT$38.5b (up 30% from FY 2022). Net income: NT$5.65b (up NT$13.4b from FY 2022). Profit margin: 15% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Declared Dividend • Mar 14
Dividend increased to NT$6.00 Dividend of NT$6.00 is 50% higher than last year. Ex-date: 18th July 2024 Payment date: 21st August 2024 Dividend yield will be 4.8%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (174% earnings payout ratio) nor is it covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 94% to bring the payout ratio under control. However, EPS has declined by 3.9% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 14
China Motor Corporation, Annual General Meeting, May 31, 2024 China Motor Corporation, Annual General Meeting, May 31, 2024. Location: 1F, No. 3, Sec. 3. Chung Hsing Road, Xindian District, the Dome Theater New Taipei City Taiwan Agenda: To consider the 2023 Business Report; to consider the 2023 Audit Committee's Report; to consider the Company's Endorsements/Guarantees Report; to consider the 2023 significant related party transactions Report; to consider the 2023 distribution of employee bonus and director compensation Report; to consider the 2023 Earnings distribute cash dividend Report; and to consider other matters. Announcement • Mar 13
China Motor Corporation Proposes Dividend for the Year 2023 China Motor Corporation proposed dividend of TWD 6 per share for the year 2023. Total amount of cash distributed to shareholders TWD 3,321,722,052. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$121, the stock trades at a trailing P/E ratio of 53.5x. Average forward P/E is 10x in the Auto industry in Taiwan. Total returns to shareholders of 220% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$68.03 per share. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$2.83 (vs NT$9.92 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$2.83 (up from NT$9.92 loss in 2Q 2022). Revenue: NT$9.41b (up 31% from 2Q 2022). Net income: NT$1.55b (up NT$6.96b from 2Q 2022). Profit margin: 16% (up from net loss in 2Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Auto industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. New Risk • Jul 19
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 6.1% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 155% Earnings have declined by 38% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Upcoming Dividend • Jul 06
Upcoming dividend of NT$4.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 17 August 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.4%). Announcement • Dec 24
China Motor Corporation Announces Change of Research and Development Officer, Effective January 1, 2023 China Motor Corporation appointed Hung-Ching Yang, Executive Vice President as Research and Development Officer inplace of Xing Zhu-Chen, Executive Vice President, effective January 1, 2023. Reported Earnings • Nov 16
Third quarter 2022 earnings released: NT$0.99 loss per share (vs NT$1.25 profit in 3Q 2021) Third quarter 2022 results: NT$0.99 loss per share (down from NT$1.25 profit in 3Q 2021). Revenue: NT$7.45b (down 13% from 3Q 2021). Net loss: NT$540.0m (down 179% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Lue Wei-Ching was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
Second quarter 2022 earnings released: NT$9.92 loss per share (vs NT$2.30 profit in 2Q 2021) Second quarter 2022 results: NT$9.92 loss per share (down from NT$2.30 profit in 2Q 2021). Revenue: NT$7.17b (down 5.1% from 2Q 2021). Net loss: NT$5.41b (down NT$6.67b from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$51.70, the stock trades at a trailing P/E ratio of 6.8x. Average forward P/E is 10x in the Auto industry in Taiwan. Total returns to shareholders of 144% over the past three years. Upcoming Dividend • Jul 14
Upcoming dividend of NT$5.50 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 71% and the cash payout ratio is 94%. Trailing yield: 8.9%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.7%). Announcement • Jul 01
China Motor Corporation Announces Changes in Remuneration Committee China Motor Corporation announced the tenure of the Company's 4th Remuneration Committee has expired. Name of the previous position holder: Chi-Ching Chen, Wei-ching Lue, Yun-Hua Yang. Effective June 30, 2022. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$2.41 (vs NT$2.35 in 1Q 2021) First quarter 2022 results: EPS: NT$2.41 (up from NT$2.35 in 1Q 2021). Revenue: NT$7.24b (down 16% from 1Q 2021). Net income: NT$1.31b (up 2.2% from 1Q 2021). Profit margin: 18% (up from 15% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to NT$67.00 Up from NT$26.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of NT$59.10. Stock is down 18% over the past year. The company posted earnings per share of NT$7.67 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Wei-Ching Lue was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: NT$7.67 (vs NT$6.01 in FY 2020) Full year 2021 results: EPS: NT$7.67 (up from NT$6.01 in FY 2020). Revenue: NT$31.1b (flat on FY 2020). Net income: NT$4.18b (up 28% from FY 2020). Profit margin: 13% (up from 11% in FY 2020). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.25 (vs NT$1.73 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$8.51b (up 5.3% from 3Q 2020). Net income: NT$681.0m (down 28% from 3Q 2020). Profit margin: 8.0% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$2.30 (vs NT$1.67 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$7.55b (up 6.1% from 2Q 2020). Net income: NT$1.25b (up 37% from 2Q 2020). Profit margin: 17% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 15
Upcoming dividend of NT$7.00 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 25 August 2021. Trailing yield: 9.5%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (6.1%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$2.35 (vs NT$1.12 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$8.64b (up 13% from 1Q 2020). Net income: NT$1.28b (up 111% from 1Q 2020). Profit margin: 15% (up from 7.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$6.01 (vs NT$2.38 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$30.9b (down 3.7% from FY 2019). Net income: NT$3.28b (up NT$5.74b from FY 2019). Profit margin: 11% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Executive Departure • Mar 02
Director has left the company On the 26th of February, Kuo-Rong Chen's tenure as Director ended after 16.7 years in the role. We don't have any record of a personal shareholding under Kuo-Rong's name. Kuo-Rong is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Jan 04
New 90-day high: NT$53.30 The company is up 20% from its price of NT$44.40 on 06 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 industry, which is up 19% over the same period. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations Revenue exceeded analyst estimates by 0.04%. Over the next year, revenue is forecast to grow 3.2%, compared to a 11% growth forecast for the Auto industry in Taiwan. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.73 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$8.09b (up 9.5% from 3Q 2019). Net income: NT$943.2m (up 180% from 3Q 2019). Profit margin: 12% (up from 4.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 11
New 90-day high: NT$46.60 The company is up 12% from its price of NT$41.55 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$4.30 per share. Is New 90 Day High Low • Oct 22
New 90-day high: NT$44.90 The company is up 19% from its price of NT$37.70 on 24 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$4.65 per share. Is New 90 Day High Low • Oct 06
New 90-day high: NT$44.40 The company is up 16% from its price of NT$38.35 on 08 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$4.60 per share.