Reported Earnings • Aug 07
Second quarter 2026 earnings released: EPS: NT$0.94 (vs NT$0.093 loss in 2Q 2025) Second quarter 2026 results: EPS: NT$0.94 (up from NT$0.093 loss in 2Q 2025). Revenue: NT$192.2m (up 9.9% from 2Q 2025). Net income: NT$37.5m (up NT$41.2m from 2Q 2025). Profit margin: 20% (up from net loss in 2Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% 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. Upcoming Dividend • Jul 09
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 16 July 2026. Payment date: 12 August 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.7%). Declared Dividend • Jun 18
Dividend of NT$5.00 announced Shareholders will receive a dividend of NT$5.00. Ex-date: 16th July 2026 Payment date: 12th August 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (167% earnings payout ratio) and 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 7.7% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 85% to bring the payout ratio under control, which is more than the 56% EPS growth achieved over the last 5 years. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: NT$0.92 (vs NT$1.28 in 1Q 2025) First quarter 2026 results: EPS: NT$0.92 (down from NT$1.28 in 1Q 2025). Revenue: NT$182.8m (up 6.4% from 1Q 2025). Net income: NT$37.0m (down 28% from 1Q 2025). Profit margin: 20% (down from 30% in 1Q 2025). The decrease in margin was driven by higher expenses. 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 1% per year, which means it is well ahead of earnings. Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: NT$3.00 (vs NT$7.11 in FY 2024) Full year 2025 results: EPS: NT$3.00 (down from NT$7.11 in FY 2024). Revenue: NT$670.9m (down 23% from FY 2024). Net income: NT$120.1m (down 58% from FY 2024). Profit margin: 18% (down from 33% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 05
Drewloong Precision, Inc., Annual General Meeting, May 28, 2026 Drewloong Precision, Inc., Annual General Meeting, May 28, 2026. Location: no,99, po ai 2nd rd., gushan district, kaohsiung city Taiwan Major Estimate Revision • Dec 09
Consensus EPS estimates fall by 34% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$722.0m to NT$675.0m. EPS estimate also fell from NT$4.02 per share to NT$2.64 per share. Net income forecast to grow 6.5% next year vs 59% growth forecast for Aerospace & Defense industry in Taiwan. Consensus price target down from NT$156 to NT$140. Share price was steady at NT$154 over the past week. New Risk • Nov 12
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: 21% Last year net profit margin: 30% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 113% Minor Risk Profit margins are more than 30% lower than last year (21% net profit margin). New Risk • Aug 19
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 105% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough 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. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 105% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Price Target Changed • Aug 17
Price target decreased by 11% to NT$156 Down from NT$176, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$160. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of NT$4.02 for next year compared to NT$7.11 last year. Reported Earnings • Aug 10
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: NT$0.093 loss per share (down from NT$1.81 profit in 2Q 2024). Revenue: NT$174.9m (down 18% from 2Q 2024). Net loss: NT$3.72m (down 105% from profit in 2Q 2024). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Aerospace & Defense industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Jul 21
Upcoming dividend of NT$4.74 per share Eligible shareholders must have bought the stock before 28 July 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.4%). Declared Dividend • Jul 02
Dividend reduced to NT$4.74 Dividend of NT$4.74 is 5.1% lower than last year. Ex-date: 28th July 2025 Payment date: 28th August 2025 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (73% 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 7.6% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 07
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: NT$1.31 (down from NT$2.15 in 1Q 2024). Revenue: NT$171.9m (down 26% from 1Q 2024). Net income: NT$51.0m (down 39% from 1Q 2024). Profit margin: 30% (down from 36% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 6.4%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Aerospace & Defense industry in Asia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. New Risk • Apr 07
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 6.3% 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 High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$194, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 31x in the Aerospace & Defense industry in Asia. Total returns to shareholders of 131% over the past three years. Announcement • Mar 13
Drewloong Precision, Inc., Annual General Meeting, May 28, 2025 Drewloong Precision, Inc., Annual General Meeting, May 28, 2025, at 09:30 Taipei Standard Time. Location: no,99, po ai 2nd rd., gushan district, kaohsiung city Taiwan Reported Earnings • Mar 11
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: NT$7.29 (up from NT$6.21 in FY 2023). Revenue: NT$871.5m (up 4.7% from FY 2023). Net income: NT$284.2m (up 17% from FY 2023). Profit margin: 33% (up from 29% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Aerospace & Defense industry in Taiwan. 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. Announcement • Mar 01
Drewloong Precision, Inc. to Report Fiscal Year 2024 Results on Mar 07, 2025 Drewloong Precision, Inc. announced that they will report fiscal year 2024 results at 9:00 AM, Taipei Standard Time on Mar 07, 2025 Price Target Changed • Feb 21
Price target decreased by 7.4% to NT$181 Down from NT$195, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$161. Stock is up 2.6% over the past year. The company is forecast to post earnings per share of NT$7.25 for next year compared to NT$6.21 last year. New Risk • Nov 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: NT$1.54 (down from NT$1.92 in 3Q 2023). Revenue: NT$223.4m (up 3.0% from 3Q 2023). Net income: NT$60.1m (down 20% from 3Q 2023). Profit margin: 27% (down from 35% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Aerospace & Defense industry in Taiwan. 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 15% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 05
Price target decreased by 9.1% to NT$195 Down from NT$215, the current price target is an average from 4 analysts. New target price is 31% above last closing price of NT$149. Stock is down 2.6% over the past year. The company is forecast to post earnings per share of NT$7.67 for next year compared to NT$6.21 last year. Announcement • Oct 29
Drewloong Precision, Inc. to Report Q3, 2024 Results on Nov 05, 2024 Drewloong Precision, Inc. announced that they will report Q3, 2024 results on Nov 05, 2024 New Risk • Aug 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 12x cash flows per share). Reported Earnings • Aug 09
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: NT$1.86 (up from NT$1.64 in 2Q 2023). Revenue: NT$212.9m (down 2.8% from 2Q 2023). Net income: NT$72.6m (up 14% from 2Q 2023). Profit margin: 34% (up from 29% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Aerospace & Defense industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Drewloong Precision, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Drewloong Precision, Inc. announced that they will report Q2, 2024 results on Aug 06, 2024 Upcoming Dividend • Jul 18
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 25 July 2024. Payment date: 21 August 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (3.2%). Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$2.14 (vs NT$1.51 in 1Q 2023) First quarter 2024 results: EPS: NT$2.14 (up from NT$1.51 in 1Q 2023). Revenue: NT$231.7m (up 21% from 1Q 2023). Net income: NT$83.6m (up 42% from 1Q 2023). Profit margin: 36% (up from 31% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Aerospace & Defense industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Drewloong Precision, Inc. to Report Q1, 2024 Results on May 07, 2024 Drewloong Precision, Inc. announced that they will report Q1, 2024 results on May 07, 2024 Buy Or Sell Opportunity • Apr 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to NT$178. The fair value is estimated to be NT$146, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 70%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Reported Earnings • Mar 17
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: NT$6.21 (up from NT$4.71 in FY 2022). Revenue: NT$832.7m (up 31% from FY 2022). Net income: NT$242.0m (up 32% from FY 2022). Profit margin: 29% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Aerospace & Defense industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 11
Now 20% overvalued Over the last 90 days, the stock has fallen 1.2% to NT$165. The fair value is estimated to be NT$137, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Buy Or Sell Opportunity • Jan 23
Now 20% overvalued Over the last 90 days, the stock has fallen 1.9% to NT$153. The fair value is estimated to be NT$127, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: NT$1.92 (up from NT$1.75 in 3Q 2022). Revenue: NT$216.9m (up 26% from 3Q 2022). Net income: NT$75.0m (up 9.9% from 3Q 2022). Profit margin: 35% (down from 40% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Aerospace & Defense industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 17
Upcoming dividend of NT$2.11 per share at 2.7% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 28 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.7%). In line with average of industry peers (2.7%). Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: NT$1.78 (up from NT$1.56 in 2Q 2022). Revenue: NT$219.1m (up 26% from 2Q 2022). Net income: NT$63.8m (up 14% from 2Q 2022). Profit margin: 29% (down from 32% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.0%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Aerospace & Defense industry in Asia. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$166, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 34x in the Aerospace & Defense industry in Taiwan. Total returns to shareholders of 126% over the past three years. Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: NT$5.13 (vs NT$1.50 in FY 2021) Full year 2022 results: EPS: NT$5.13 (up from NT$1.50 in FY 2021). Revenue: NT$636.8m (up 58% from FY 2021). Net income: NT$183.6m (up 242% from FY 2021). Profit margin: 29% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: NT$1.90 (vs NT$0.50 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.90 (up from NT$0.50 in 3Q 2021). Revenue: NT$172.2m (up 44% from 3Q 2021). Net income: NT$68.2m (up 283% from 3Q 2021). Profit margin: 40% (up from 15% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% 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 • Aug 12
Second quarter 2022 earnings released: EPS: NT$1.56 (vs NT$0.42 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.56 (up from NT$0.42 in 2Q 2021). Revenue: NT$173.6m (up 65% from 2Q 2021). Net income: NT$56.0m (up 268% from 2Q 2021). Profit margin: 32% (up from 14% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 07
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 16% share price gain to NT$136, the stock trades at a trailing P/E ratio of 57.1x. Average trailing P/E is 37x in the Aerospace & Defense industry in Taiwan. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 17% share price gain to NT$122, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 32x in the Aerospace & Defense industry in Taiwan. Total loss to shareholders of 6.5% over the past three years. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$1.04 (vs NT$0.16 in 1Q 2021) First quarter 2022 results: EPS: NT$1.04 (up from NT$0.16 in 1Q 2021). Revenue: NT$120.9m (up 65% from 1Q 2021). Net income: NT$37.2m (up NT$31.6m from 1Q 2021). Profit margin: 31% (up from 7.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$1.50 (up from NT$0.92 in FY 2020). Revenue: NT$403.9m (up 15% from FY 2020). Net income: NT$53.7m (up 64% from FY 2020). Profit margin: 13% (up from 9.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.50 (vs NT$0.27 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$119.9m (up 54% from 3Q 2020). Net income: NT$17.8m (up NT$27.4m from 3Q 2020). Profit margin: 15% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.42 (vs NT$0.40 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$105.0m (up 12% from 2Q 2020). Net income: NT$15.2m (up 7.1% from 2Q 2020). Profit margin: 14% (in line with 2Q 2020). 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 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 05
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 31 August 2021. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.1%). Reported Earnings • May 05
First quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.75 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$73.4m (down 38% from 1Q 2020). Net income: NT$5.62m (down 79% from 1Q 2020). Profit margin: 7.7% (down from 23% in 1Q 2020). The decrease in margin was driven by lower revenue. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS NT$0.92 (vs NT$6.74 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$350.2m (down 57% from FY 2019). Net income: NT$32.8m (down 85% from FY 2019). Profit margin: 9.4% (down from 27% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Feb 25
New 90-day high: NT$87.20 The company is up 1.0% from its price of NT$86.00 on 27 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Aerospace & Defense industry, which is down 2.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: NT$85.70 The company is up 4.0% from its price of NT$82.20 on 26 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Aerospace & Defense industry, which is up 1.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of NT$66.4m, down 74% from the prior year. Total revenue was NT$467.9m over the last 12 months, down 46% from the prior year.