Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$0.23 (vs NT$1.30 in 1Q 2025) First quarter 2026 results: EPS: NT$0.23 (down from NT$1.30 in 1Q 2025). Revenue: NT$302.1m (down 78% from 1Q 2025). Net income: NT$85.7m (down 82% from 1Q 2025). Profit margin: 28% (down from 35% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$30.15, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 12% over the past three years. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$3.03 (vs NT$7.17 in FY 2024) Full year 2025 results: EPS: NT$3.03 (down from NT$7.17 in FY 2024). Revenue: NT$3.33b (down 62% from FY 2024). Net income: NT$1.11b (down 58% from FY 2024). Profit margin: 33% (up from 30% in FY 2024). The increase in margin was driven by lower expenses. 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 6% per year, which means it is significantly lagging earnings. Announcement • Mar 09
Advancetek Enterprise Co.,Ltd., Annual General Meeting, May 27, 2026 Advancetek Enterprise Co.,Ltd., Annual General Meeting, May 27, 2026. Location: 9 floor no,226, sec.3 chung hua rd., sinjhuang district, new taipei city Taiwan Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$0.46 (vs NT$2.06 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.46 (down from NT$2.06 in 3Q 2024). Revenue: NT$557.2m (down 77% from 3Q 2024). Net income: NT$166.6m (down 78% from 3Q 2024). Profit margin: 30% (in line with 3Q 2024). 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 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$55.10, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 147% over the past three years. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: NT$0.74 (vs NT$2.38 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.74 (down from NT$2.38 in 2Q 2024). Revenue: NT$761.5m (down 75% from 2Q 2024). Net income: NT$269.9m (down 69% from 2Q 2024). Profit margin: 36% (up from 28% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 07
Dividend increased to NT$4.50 Dividend of NT$4.50 is 29% higher than last year. Ex-date: 21st August 2025 Payment date: 19th September 2025 Dividend yield will be 6.5%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 87% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$1.30 (vs NT$1.43 in 1Q 2024) First quarter 2025 results: EPS: NT$1.30 (down from NT$1.43 in 1Q 2024). Revenue: NT$1.38b (down 28% from 1Q 2024). Net income: NT$475.4m (down 9.2% from 1Q 2024). Profit margin: 35% (up from 28% in 1Q 2024). The increase in margin was driven by lower expenses. 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 46% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Advancetek Enterprise Co.,Ltd. to Report Q1, 2025 Results on May 09, 2025 Advancetek Enterprise Co.,Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Announcement • Apr 19
Advancetek Enterprise Co.,Ltd. Announces Cash Dividends for the Year Ended December 31, 2024 Advancetek Enterprise Co.,Ltd. announced appropriations of earnings in cash dividends to shareholders TWD 4.5 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders TWD 1,647,951,111. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: NT$7.17 (vs NT$4.71 in FY 2023) Full year 2024 results: EPS: NT$7.17 (up from NT$4.71 in FY 2023). Revenue: NT$8.80b (up 68% from FY 2023). Net income: NT$2.63b (up 52% from FY 2023). Profit margin: 30% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Mar 14
Advancetek Enterprise Co.,Ltd., Annual General Meeting, Jun 19, 2025 Advancetek Enterprise Co.,Ltd., Annual General Meeting, Jun 19, 2025. Location: 1 floor no,226, sec.3 chung hua rd., sinjhuang district, new taipei city Taiwan Announcement • Mar 06
Advancetek Enterprise Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 13, 2025 Advancetek Enterprise Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 13, 2025 Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$77.20, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 15x in the Real Estate industry in Taiwan. Total returns to shareholders of 275% over the past three years. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$2.06 (vs NT$0.10 in 3Q 2023) Third quarter 2024 results: EPS: NT$2.06 (up from NT$0.10 in 3Q 2023). Revenue: NT$2.46b (up NT$2.16b from 3Q 2023). Net income: NT$754.7m (up NT$717.1m from 3Q 2023). Profit margin: 31% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. New Risk • Sep 20
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 7.7% 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 High level of debt (57% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$71.30, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 18x in the Real Estate industry in Taiwan. Total returns to shareholders of 261% over the past three years. Buy Or Sell Opportunity • Aug 30
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.5% to NT$64.50. The fair value is estimated to be NT$52.94, 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 71%. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$2.38 (vs NT$0.20 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.38 (up from NT$0.20 in 2Q 2023). Revenue: NT$3.07b (up NT$2.82b from 2Q 2023). Net income: NT$872.5m (up NT$800.9m from 2Q 2023). Profit margin: 28% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 12
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 19 August 2024. Payment date: 12 September 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.8%). Buy Or Sell Opportunity • Aug 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to NT$64.70. The fair value is estimated to be NT$53.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 65%. Announcement • Aug 07
Advancetek Enterprise Co.,Ltd. to Report Q2, 2024 Results on Aug 13, 2024 Advancetek Enterprise Co.,Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 Announcement • Aug 03
Advancetek Enterprise Co.,Ltd. Announces Common Stock Cash Dividend, Payable on September 12, 2024 Advancetek Enterprise Co.,Ltd. announced common stock cash dividend of TWD 1,281,739,753 or TWD 3.5 per share. Ex-rights (ex-dividend) trading date is August 19, 2024. Ex-rights (ex-dividend) record date is August 25, 2024. Payment date of cash dividend distribution is September 12, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is August 2, 2024. Buy Or Sell Opportunity • May 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to NT$58.20. The fair value is estimated to be NT$48.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 65%. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$1.43 (vs NT$0.41 in 1Q 2023) First quarter 2024 results: EPS: NT$1.43 (up from NT$0.41 in 1Q 2023). Revenue: NT$1.91b (up 309% from 1Q 2023). Net income: NT$523.7m (up 245% from 1Q 2023). Profit margin: 28% (down from 33% in 1Q 2023). The decrease in margin was driven by higher expenses. 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 53% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 03
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 67% to NT$61.00. The fair value is estimated to be NT$49.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 59%. Announcement • May 02
Advancetek Enterprise Co.,Ltd. to Report Q1, 2024 Results on May 08, 2024 Advancetek Enterprise Co.,Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$4.71 (vs NT$1.76 in FY 2022) Full year 2023 results: EPS: NT$4.71 (up from NT$1.76 in FY 2022). Revenue: NT$5.24b (up 161% from FY 2022). Net income: NT$1.72b (up 167% from FY 2022). Profit margin: 33% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
Advancetek Enterprise Co.,Ltd., Annual General Meeting, Jun 19, 2024 Advancetek Enterprise Co.,Ltd., Annual General Meeting, Jun 19, 2024. Location: B1, No.16, Ln.189, Sec.1, Chengtai Rd., Wugu Dist. Taipei City Taiwan Agenda: To consider 2023 business report; to consider audit Committee's review report of the 2023; to consider report on 2023 employees' and directors' remuneration; to consider report on the implementation of authorizing the signing of construction contracts with related parties; and to consider other business matters. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: NT$0.20 (vs NT$0.30 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.20 (down from NT$0.30 in 2Q 2022). Revenue: NT$245.8m (up 24% from 2Q 2022). Net income: NT$71.7m (down 35% from 2Q 2022). Profit margin: 29% (down from 55% in 2Q 2022). 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 26% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 29
Upcoming dividend of NT$1.60 per share at 5.0% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 75% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (5.5%). Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: NT$1.76 (vs NT$1.41 in FY 2021) Full year 2022 results: EPS: NT$1.76 (up from NT$1.41 in FY 2021). Revenue: NT$2.00b (down 42% from FY 2021). Net income: NT$644.5m (up 25% from FY 2021). Profit margin: 32% (up from 15% 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 52% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.13 (vs NT$0.85 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.13 (down from NT$0.85 in 3Q 2021). Revenue: NT$201.1m (down 89% from 3Q 2021). Net income: NT$48.5m (down 84% from 3Q 2021). Profit margin: 24% (up from 17% 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 49% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. 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. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shu-Mei Hsueh was the last independent director to join the board, commencing their role in 2019. 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 13
Third quarter 2022 earnings released: EPS: NT$0.13 (vs NT$0.85 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.13 (down from NT$0.85 in 3Q 2021). Revenue: NT$201.1m (down 89% from 3Q 2021). Net income: NT$48.5m (down 84% from 3Q 2021). Profit margin: 24% (up from 17% 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 49% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 18% share price gain to NT$26.45, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 13x in the Real Estate industry in Taiwan. Total returns to shareholders of 86% over the past three years. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: NT$0.30 (vs NT$0.45 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.30 (down from NT$0.45 in 2Q 2021). Revenue: NT$198.8m (down 80% from 2Q 2021). Net income: NT$110.1m (down 33% from 2Q 2021). Profit margin: 55% (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 73% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 26
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 02 August 2022. Payment date: 30 August 2022. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (6.2%). Announcement • Jul 19
Advancetek Enterprise Co.,Ltd. Announces Cash Dividend, Payable on August 30, 2022 Advancetek Enterprise Co.,Ltd. announced monetary amount of dividend distribution: Cash dividend TWD 439,453,630 (TWD 1.2 per share). Ex-rights (ex-dividend) trading date: August 2, 2022. Ex-rights (ex-dividend) record date: August 8, 2022. The expected payment date for cash dividend is August 30, 2022. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: NT$0.004 (vs NT$0.12 in 1Q 2021) First quarter 2022 results: EPS: NT$0.004 (down from NT$0.12 in 1Q 2021). Revenue: NT$194.4m (down 46% from 1Q 2021). Net income: NT$1.39m (down 97% from 1Q 2021). Profit margin: 0.7% (down from 13% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shu-Mei Hsueh was the last independent director to join the board, commencing their role in 2019. 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 • Mar 30
Full year 2021 earnings released: EPS: NT$1.41 (vs NT$0.25 in FY 2020) Full year 2021 results: EPS: NT$1.41 (up from NT$0.25 in FY 2020). Revenue: NT$3.45b (up 55% from FY 2020). Net income: NT$515.2m (up NT$438.3m from FY 2020). Profit margin: 15% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. 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 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improved over the past week After last week's 19% share price gain to NT$22.90, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 58% over the past three years. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.055 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$999.7m (up 159% from 2Q 2020). Net income: NT$164.8m (up NT$147.9m from 2Q 2020). Profit margin: 17% (up from 4.4% 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 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$0.25 (vs NT$0.33 in FY 2019) The company reported a decent full year result with improved revenues, although earnings and profit margins were weaker. Full year 2020 results: Revenue: NT$2.23b (up 221% from FY 2019). Net income: NT$76.8m (down 24% from FY 2019). Profit margin: 3.4% (down from 14% in FY 2019). 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 75 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 05
New 90-day high: NT$18.20 The company is up 1.0% from its price of NT$18.10 on 04 December 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period. Is New 90 Day High Low • Jan 18
New 90-day low: NT$17.25 The company is down 13% from its price of NT$19.80 on 20 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: NT$17.50 The company is down 11% from its price of NT$19.60 on 23 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: NT$18.05 The company is down 4.0% from its price of NT$18.90 on 08 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 4.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.15 The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2020 results: Revenue: NT$1.34b (up NT$1.19b from 3Q 2019). Net income: NT$45.1m (down 69% from 3Q 2019). Profit margin: 3.4% (down from 96% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 79% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 05
New 90-day high: NT$20.35 The company is up 16% from its price of NT$17.60 on 07 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period. 
