New Risk • Jun 18
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 12% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 32% per year over the past 5 years. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: NT$0.43 (vs NT$0.16 in 1Q 2025) First quarter 2026 results: EPS: NT$0.43 (up from NT$0.16 in 1Q 2025). Revenue: NT$334.4m (up 32% from 1Q 2025). Net income: NT$37.9m (up 178% from 1Q 2025). Profit margin: 11% (up from 5.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. New Risk • Apr 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.6% 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 Earnings have declined by 29% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Announcement • Mar 02
Chieftek Precision Co., Ltd., Annual General Meeting, May 27, 2026 Chieftek Precision Co., Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: 2-1 floor no,26, nan k`o 3rd rd., sinshih district, tainan city Taiwan Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: NT$0.91 (vs NT$1.08 in FY 2024) Full year 2025 results: EPS: NT$0.91 (down from NT$1.08 in FY 2024). Revenue: NT$1.14b (up 9.8% from FY 2024). Net income: NT$79.4m (down 15% from FY 2024). Profit margin: 7.0% (down from 9.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.15 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.34 (up from NT$0.15 in 3Q 2024). Revenue: NT$279.7m (flat on 3Q 2024). Net income: NT$29.3m (up 118% from 3Q 2024). Profit margin: 11% (up from 4.8% in 3Q 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 08
Dividend reduced to NT$0.70 Dividend of NT$0.70 is 13% lower than last year. Ex-date: 21st August 2025 Payment date: 16th September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 114%. Cash payout ratio: 57%. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.22 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.01 (down from NT$0.22 in 2Q 2024). Revenue: NT$271.6m (up 8.7% from 2Q 2024). Net income: NT$1.12m (down 94% from 2Q 2024). Profit margin: 0.4% (down from 7.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.16 (vs NT$0.41 in 1Q 2024) First quarter 2025 results: EPS: NT$0.16 (down from NT$0.41 in 1Q 2024). Revenue: NT$253.4m (flat on 1Q 2024). Net income: NT$13.6m (down 62% from 1Q 2024). Profit margin: 5.4% (down from 14% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Apr 29
Chieftek Precision Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 Chieftek Precision Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$73.00, the stock trades at a trailing P/E ratio of 67.9x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$68.00, the stock trades at a trailing P/E ratio of 63.3x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 1.6% over the past three years. New Risk • Mar 03
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 7.9% 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 Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 9.7% per year over the past 5 years. Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: NT$1.08 (vs NT$1.12 in FY 2023) Full year 2024 results: EPS: NT$1.08 (down from NT$1.12 in FY 2023). Revenue: NT$1.04b (down 3.6% from FY 2023). Net income: NT$93.8m (down 4.3% from FY 2023). Profit margin: 9.1% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Feb 21
Chieftek Precision Co., Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025 Chieftek Precision Co., Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025 New Risk • Dec 23
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 8.0% 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 Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 6.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (5.9% net profit margin). 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 Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: NT$0.15 (vs NT$0.29 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.15 (down from NT$0.29 in 3Q 2023). Revenue: NT$280.4m (up 14% from 3Q 2023). Net income: NT$13.5m (down 47% from 3Q 2023). Profit margin: 4.8% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. 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 6% per year, which means it is well ahead of earnings. Announcement • Oct 30
Chieftek Precision Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Chieftek Precision Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.51 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.22 (down from NT$0.51 in 2Q 2023). Revenue: NT$250.0m (down 13% from 2Q 2023). Net income: NT$19.1m (down 57% from 2Q 2023). Profit margin: 7.6% (down from 15% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Declared Dividend • Aug 09
Dividend reduced to NT$0.80 Dividend of NT$0.80 is 60% lower than last year. Ex-date: 22nd August 2024 Payment date: 16th September 2024 Dividend yield will be 0.7%, which is lower than the industry average of 3.0%. Announcement • Jul 30
Chieftek Precision Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Chieftek Precision Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 New Risk • Jul 12
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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (9.5% net profit margin). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$84.80, the stock trades at a trailing P/E ratio of 76.5x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Total loss to shareholders of 14% over the past three years. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: NT$0.41 (vs NT$0.43 in 1Q 2023) First quarter 2024 results: EPS: NT$0.41 (down from NT$0.43 in 1Q 2023). Revenue: NT$254.0m (down 17% from 1Q 2023). Net income: NT$35.8m (down 3.6% from 1Q 2023). Profit margin: 14% (up from 12% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • May 01
Chieftek Precision Co., Ltd. to Report Q1, 2024 Results on May 07, 2024 Chieftek Precision Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$82.00, the stock trades at a trailing P/E ratio of 73x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Total loss to shareholders of 22% over the past three years. Announcement • Feb 29
Chieftek Precision Co., Ltd. Approves Dividend Distribution for the Six Months Period Ending December 31, 2023 Chieftek Precision Co., Ltd. approved dividend distribution of TWD 0.8 per share for the second half of the year ending December 31, 2023. Total amount of cash distributed to shareholders TWD 69,809,443. Announcement • Feb 27
Chieftek Precision Co., Ltd., Annual General Meeting, May 30, 2024 Chieftek Precision Co., Ltd., Annual General Meeting, May 30, 2024. Location: THE ASSOCIATION OF ALLIED INDUSTRIES IN Southern Science Industrial Park Southern Taiwan Science Park Commercial Conter, Southern Taiwan Science Park Tainan Taiwan Agenda: To report the business of 2023; to report the Audit Committee's review report of 2023; to report 2023 employees' profit sharing bonus and directors' compensation; to report the implementation of repurchase of the Company's shares; to Report on the provision of Endorsements and Guarantees to external parties in 2023; to report 2023 cash distribution of Profit; to accept 2023 Business Report and Financial Statements; to approve the Proposal for Distribution of 2023 profits; and to consider other matters. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: NT$1.12 (vs NT$3.91 in FY 2022) Full year 2023 results: EPS: NT$1.12 (down from NT$3.91 in FY 2022). Revenue: NT$1.07b (down 34% from FY 2022). Net income: NT$98.0m (down 72% from FY 2022). Profit margin: 9.1% (down from 21% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: NT$0.29 (vs NT$1.01 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.29 (down from NT$1.01 in 3Q 2022). Revenue: NT$245.2m (down 42% from 3Q 2022). Net income: NT$25.2m (down 72% from 3Q 2022). Profit margin: 10% (down from 21% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 14
Upcoming dividend of NT$2.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 21 August 2023. Payment date: 13 September 2023. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.6%). In line with average of industry peers (3.2%). Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: NT$0.50 (vs NT$1.02 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.50 (down from NT$1.02 in 2Q 2022). Revenue: NT$286.0m (down 37% from 2Q 2022). Net income: NT$44.0m (down 51% from 2Q 2022). Profit margin: 15% (down from 20% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: NT$3.91 (vs NT$3.48 in FY 2021) Full year 2022 results: EPS: NT$3.91 (up from NT$3.48 in FY 2021). Revenue: NT$1.64b (down 12% from FY 2021). Net income: NT$346.8m (up 12% from FY 2021). Profit margin: 21% (up from 17% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Ming-Zih Ho was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: NT$1.01 (vs NT$1.10 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.01 (down from NT$1.10 in 3Q 2021). Revenue: NT$421.3m (down 14% from 3Q 2021). Net income: NT$89.6m (down 8.2% from 3Q 2021). Profit margin: 21% (up from 20% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: NT$1.12 (vs NT$1.03 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.12 (up from NT$1.03 in 2Q 2021). Revenue: NT$451.6m (down 7.8% from 2Q 2021). Net income: NT$90.7m (up 8.9% from 2Q 2021). Profit margin: 20% (up from 17% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Aug 13
Chieftek Precision Co., Ltd. to Report Q2, 2022 Results on Aug 11, 2022 Chieftek Precision Co., Ltd. announced that they will report Q2, 2022 results at 9:00 AM, Taipei Standard Time on Aug 11, 2022 Board Change • Jul 06
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. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Ming-Zih Ho was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Chieftek (Kunshan) Temporarily Suspended Operation to Meet with the Local Government's Policies Chieftek (Kunshan) temporarily suspended operation to meet with the local government's policies. Reported Earnings • Mar 05
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: NT$3.82 (up from NT$2.51 in FY 2020). Revenue: NT$1.86b (up 34% from FY 2020). Net income: NT$308.8m (up 52% from FY 2020). Profit margin: 17% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$1.21 (vs NT$0.58 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$491.8m (up 42% from 3Q 2020). Net income: NT$97.7m (up 108% from 3Q 2020). Profit margin: 20% (up from 14% 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 25% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS NT$1.03 (vs NT$0.67 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$489.8m (up 25% from 2Q 2020). Net income: NT$83.3m (up 54% from 2Q 2020). Profit margin: 17% (up from 14% 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 32% 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. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 22% share price gain to NT$124, the stock trades at a trailing P/E ratio of 44.2x. Average forward P/E is 13x in the Machinery industry in Taiwan. Total returns to shareholders of 16% over the past three years. Upcoming Dividend • May 31
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 30 June 2021. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$91.40, the stock trades at a trailing P/E ratio of 32.7x. Average forward P/E is 11x in the Machinery industry in Taiwan. Total loss to shareholders of 29% over the past three years. Reported Earnings • May 06
First quarter 2021 earnings released: EPS NT$0.82 (vs NT$0.54 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$418.7m (up 44% from 1Q 2020). Net income: NT$66.5m (up 51% from 1Q 2020). Profit margin: 16% (in line with 1Q 2020). 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 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS NT$2.51 (vs NT$2.15 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.38b (up 6.3% from FY 2019). Net income: NT$203.1m (up 16% from FY 2019). Profit margin: 15% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 26
Chieftek Precision Co., Ltd., Annual General Meeting, May 28, 2021 Chieftek Precision Co., Ltd., Annual General Meeting, May 28, 2021. Location: The Association of Allied Industries in Southern Science Industrial Park Rm. 1, 2F., No. 26, Nanke 3rd Rd., Xinshi Dist., Southern Taiwan Science Park Tainan Taiwan Agenda: To report the business of 2020; to report the Audit Committee's review report of 2020; to report 2020 employees' profit sharing bonus and directors' and supervisors' compensation; to report the implementation of repurchase of the Company's shares; to report 2020 situation for endorsement guarantee; to report 2020 cash distribution of Profit; and to consider other matters. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 16% share price gain to NT$116, the stock is trading at a trailing P/E ratio of 49.6x, up from the previous P/E ratio of 42.9x. This compares to an average P/E of 18x in the Machinery industry in Taiwan. Total returns to shareholders over the past three years are 15%. Is New 90 Day High Low • Feb 18
New 90-day high: NT$116 The company is up 48% from its price of NT$77.80 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. Announcement • Feb 06
Chieftek Precision Co., Ltd. Announces Chen,Min-Zhang as Deputy General Manager Chieftek Precision Co., Ltd. announced CHEN,MIN-ZHANG/Deputy General Manager of Business Department of the company, effective February 5, 2021. Is New 90 Day High Low • Jan 26
New 90-day high: NT$114 The company is up 48% from its price of NT$76.50 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 21% share price gain to NT$103, the stock is trading at a trailing P/E ratio of 44.2x, up from the previous P/E ratio of 36.6x. This compares to an average P/E of 19x in the Machinery industry in Taiwan. Total returns to shareholders over the past three years are 48%. Is New 90 Day High Low • Jan 08
New 90-day high: NT$95.20 The company is up 23% from its price of NT$77.70 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 23% over the same period. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 15% share price gain to NT$89.00, the stock is trading at a trailing P/E ratio of 38.2x, up from the previous P/E ratio of 33.2x. This compares to an average P/E of 17x in the Machinery industry in Taiwan. Total returns to shareholders over the past three years are 49%. Is New 90 Day High Low • Dec 01
New 90-day high: NT$85.40 The company is up 6.0% from its price of NT$80.40 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Machinery industry, which is up 5.0% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS NT$0.58 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$347.4m (up 7.9% from 3Q 2019). Net income: NT$46.9m (up 12% from 3Q 2019). Profit margin: 14% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.