Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$0.014 (vs NT$0.58 in 1Q 2025) First quarter 2026 results: EPS: NT$0.014 (down from NT$0.58 in 1Q 2025). Revenue: NT$1.57m (down 4.2% from 1Q 2025). Net income: NT$854.0k (down 98% from 1Q 2025). Profit margin: 55% (down from 2,124% in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$0.68 (vs NT$0.99 in FY 2024) Full year 2025 results: EPS: NT$0.68 (down from NT$0.99 in FY 2024). Net income: NT$40.9m (down 32% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Bestec Power Electronics Co., Ltd., Annual General Meeting, Jun 25, 2026 Bestec Power Electronics Co., Ltd., Annual General Meeting, Jun 25, 2026. Location: 1 floor no,69, k`o chi 1st rd., gueishan district, taoyuan city Taiwan Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$25.70, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 26x in the Electrical industry in Taiwan. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$24.45, the stock trades at a trailing P/E ratio of 49.1x. Average trailing P/E is 24x in the Electrical industry in Taiwan. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$26.75, the stock trades at a trailing P/E ratio of 53.7x. Average trailing P/E is 25x in the Electrical industry in Taiwan. Total returns to shareholders of 72% over the past three years. New Risk • Jan 06
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 6.5% 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 Revenue is less than US$1m (NT$6.6m revenue, or US$208k). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.30b market cap, or US$41.1m). Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$18.30, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 22x in the Electrical industry in Taiwan. Total returns to shareholders of 14% over the past three years. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: NT$0.62 (vs NT$0.54 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.62 (up from NT$0.54 in 3Q 2024). Net income: NT$37.1m (up 14% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% 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 • Aug 15
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: NT$5.9m (US$196k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (NT$5.9m revenue, or US$196k). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.10b market cap, or US$36.4m). Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.97 loss per share (vs NT$0.05 profit in 2Q 2024) Second quarter 2025 results: NT$0.97 loss per share (down from NT$0.05 profit in 2Q 2024). Net loss: NT$58.2m (down NT$61.2m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.58 (vs NT$0.13 in 1Q 2024) First quarter 2025 results: EPS: NT$0.58 (up from NT$0.13 in 1Q 2024). Net income: NT$34.7m (up 342% from 1Q 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Announcement • May 03
Bestec Power Electronics Co., Ltd. to Report Q1, 2025 Results on May 12, 2025 Bestec Power Electronics Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025 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$16.15, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 3.6% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.99 (vs NT$7.39 in FY 2023) Full year 2024 results: EPS: NT$0.99 (down from NT$7.39 in FY 2023). Revenue: NT$67.8m (down 87% from FY 2023). Net income: NT$59.7m (down 87% from FY 2023). Profit margin: 88% (up from 82% in FY 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Mar 14
Bestec Power Electronics Co., Ltd., Annual General Meeting, Jun 27, 2025 Bestec Power Electronics Co., Ltd., Annual General Meeting, Jun 27, 2025. Location: 1 floor no,69, k`o chi 1st rd., gueishan district, taoyuan city Taiwan Announcement • Mar 06
Bestec Power Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Mar 13, 2025 Bestec Power Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Mar 13, 2025 New Risk • Feb 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (NT$121m revenue, or US$3.7m). Market cap is less than US$100m (NT$1.35b market cap, or US$41.3m). New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Revenue is less than US$5m (NT$121m revenue, or US$3.7m). Market cap is less than US$100m (NT$1.57b market cap, or US$48.2m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$0.54 (vs NT$0.81 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.54 (down from NT$0.81 in 3Q 2023). Net income: NT$32.6m (down 33% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Nov 07
Bestec Power Electronics Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Bestec Power Electronics Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.05 (vs NT$1.01 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.05 (down from NT$1.01 in 2Q 2023). Revenue: NT$34.0m (down 81% from 2Q 2023). Net income: NT$2.98m (down 95% from 2Q 2023). Profit margin: 8.8% (down from 34% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
Bestec Power Electronics Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Bestec Power Electronics Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$30.35, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 29x in the Electrical industry in Taiwan. Total returns to shareholders of 123% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.13 (vs NT$6.66 in 1Q 2023) First quarter 2024 results: EPS: NT$0.13 (down from NT$6.66 in 1Q 2023). Revenue: NT$31.1m (down 81% from 1Q 2023). Net income: NT$7.85m (down 98% from 1Q 2023). Profit margin: 25% (down from 249% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Bestec Power Electronics Co., Ltd. to Report Q1, 2024 Results on May 15, 2024 Bestec Power Electronics Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 15, 2024 New Risk • Apr 12
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 8.2% 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 (8.2% average weekly change). High level of non-cash earnings (42% accrual ratio). Minor Risk Market cap is less than US$100m (NT$1.42b market cap, or US$44.1m). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to NT$32.96, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 21x in the Electrical industry in Taiwan. Total returns to shareholders of 155% over the past three years. Reported Earnings • Mar 18
Full year 2023 earnings released: EPS: NT$6.32 (vs NT$0.76 in FY 2022) Full year 2023 results: EPS: NT$6.32 (up from NT$0.76 in FY 2022). Revenue: NT$538.7m (up 32% from FY 2022). Net income: NT$443.3m (up NT$390.0m from FY 2022). Profit margin: 82% (up from 13% in FY 2022). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Mar 16
Bestec Power Electronics Co., Ltd., Annual General Meeting, Jun 28, 2024 Bestec Power Electronics Co., Ltd., Annual General Meeting, Jun 28, 2024. Location: 1st Floor, No. 69, Keji 1st Road, Huaya Science and Technology Park, Guishan District, Taoyuan City. Taoyuan City Taiwan Agenda: To discuss 2023 annual business report; to discuss 2023 Audit Committee Review Report; to discuss 2023 remuneration distribution report for directors, supervisors and employees; and to discuss other matters. Upcoming Dividend • Mar 14
Inaugural dividend of NT$1.44 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 10 April 2024. This is the first dividend for Bestec Power Electronics since going public. The average dividend yield among industry peers is 2.5%. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$39.15, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 333% over the past three years. New Risk • Dec 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 189% 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 Share price has been highly volatile over the past 3 months (8.0% average weekly change). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.62b market cap, or US$84.4m). Market cap is less than US$100m (NT$2.62b market cap, or US$84.4m). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$0.69 (vs NT$0.24 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.69 (up from NT$0.24 in 3Q 2022). Revenue: NT$143.9m (up 130% from 3Q 2022). Net income: NT$48.8m (up 191% from 3Q 2022). Profit margin: 34% (up from 27% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$34.45, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 259% over the past three years. New Risk • Oct 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.12b (US$97.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). High level of non-cash earnings (24% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.12b market cap, or US$97.2m). Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$44.15, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 364% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$53.80, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 519% over the past three years. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$0.86 (vs NT$0.008 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.86 (up from NT$0.008 loss in 2Q 2022). Revenue: NT$179.7m (up 206% from 2Q 2022). Net income: NT$60.8m (up NT$61.4m from 2Q 2022). Profit margin: 34% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$44.95, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 438% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$40.00, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 418% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$33.50, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 394% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$22.55, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 210% over the past three years. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: NT$0.24 (vs NT$0.055 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.24 (up from NT$0.055 loss in 3Q 2021). Revenue: NT$62.7m (down 44% from 3Q 2021). Net income: NT$16.8m (up NT$20.7m from 3Q 2021). Profit margin: 27% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2022 earnings released: NT$0.008 loss per share (vs NT$0.42 loss in 2Q 2021) Second quarter 2022 results: NT$0.008 loss per share (up from NT$0.42 loss in 2Q 2021). Revenue: NT$58.7m (down 38% from 2Q 2021). Net loss: NT$571.0k (loss narrowed 98% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2022 earnings released: NT$0.18 loss per share (vs NT$0.051 profit in 1Q 2021) First quarter 2022 results: NT$0.18 loss per share (down from NT$0.051 profit in 1Q 2021). Revenue: NT$63.4m (down 1.1% from 1Q 2021). Net loss: NT$13.0m (down 462% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2021 earnings released: NT$0.37 loss per share (vs NT$1.24 loss in FY 2020) Full year 2021 results: NT$0.37 loss per share (up from NT$1.24 loss in FY 2020). Revenue: NT$378.3m (up 15% from FY 2020). Net loss: NT$26.4m (loss narrowed 70% from FY 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: NT$0.04 loss per share (vs NT$0.25 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: NT$111.5m (up 8.5% from 3Q 2020). Net loss: NT$3.88m (loss narrowed 84% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.31 loss per share (vs NT$0.003 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$95.1m (up 1.3% from 2Q 2020). Net loss: NT$29.7m (loss widened NT$29.4m from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2021 earnings released: EPS NT$0.04 (vs NT$0.24 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$64.1m (up 3.2% from 1Q 2020). Net income: NT$3.60m (up NT$27.7m from 1Q 2020). Profit margin: 5.6% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: NT$0.89 loss per share (vs NT$0.95 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: NT$329.9m (down 45% from FY 2019). Net loss: NT$87.3m (loss narrowed 6.5% from FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 01
New 90-day low: NT$6.45 The company is down 2.0% from its price of NT$6.60 on 03 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.25 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$102.8m (down 41% from 3Q 2019). Net loss: NT$24.6m (loss widened 114% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year.