Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. Independent Director Yun-Ju Chen was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$267, the stock trades at a trailing P/E ratio of 51.6x. Average forward P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 565% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$334, the stock trades at a trailing P/E ratio of 64.6x. Average forward P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 759% over the past three years. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.14 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00. Revenue: NT$135.6m (down 5.0% from 1Q 2025). Net income: NT$57.9m (up 49% from 1Q 2025). Profit margin: 43% (up from 27% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$268, the stock trades at a trailing P/E ratio of 45.4x. Average forward P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 589% over the past three years. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$350, the stock trades at a trailing P/E ratio of 59.2x. Average trailing P/E is 44x in the Semiconductor industry in Taiwan. Total returns to shareholders of 703% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$240, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 37x in the Semiconductor industry in Taiwan. Total returns to shareholders of 448% over the past three years. Reported Earnings • Mar 23
Full year 2025 earnings released: EPS: NT$5.90 (vs NT$7.14 in FY 2024) Full year 2025 results: EPS: NT$5.90 (down from NT$7.14 in FY 2024). Revenue: NT$549.1m (down 10% from FY 2024). Net income: NT$201.8m (down 17% from FY 2024). Profit margin: 37% (down from 40% 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 5% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$220, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 37x in the Semiconductor industry in Taiwan. Total returns to shareholders of 476% over the past three years. Announcement • Mar 19
Eclat Forever Machinery Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 517.08 million. Eclat Forever Machinery Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 517.08 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,309,000
Price\Range: TWD 120 Announcement • Mar 05
Eclat Forever Machinery Co., Ltd., Annual General Meeting, May 22, 2026 Eclat Forever Machinery Co., Ltd., Annual General Meeting, May 22, 2026. Location: no,369, sec.2 chuang ching rd., taoyuan district, taoyuan city Taiwan Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$173, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 453% over the past three years. New Risk • Dec 23
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to NT$114, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 264% over the past three years. Reported Earnings • Dec 10
Third quarter 2025 earnings released: EPS: NT$1.89 (vs NT$0.93 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.89 (up from NT$0.93 in 3Q 2024). Revenue: NT$125.4m (down 15% from 3Q 2024). Net income: NT$64.7m (up 103% from 3Q 2024). Profit margin: 52% (up from 22% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Dec 09
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to NT$86.00. The fair value is estimated to be NT$71.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Nov 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to NT$85.00. The fair value is estimated to be NT$70.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$75.80, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 140% over the past three years. Upcoming Dividend • Jul 03
Upcoming dividend of NT$5.50 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 31 July 2025. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$59.00, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 123% over the past three years. Announcement • Mar 28
Eclat Forever Machinery Co., Ltd., Annual General Meeting, Jun 19, 2025 Eclat Forever Machinery Co., Ltd., Annual General Meeting, Jun 19, 2025, at 09:00 Taipei Standard Time. Location: no,16 ln.760, ch`ieh tung rd., bade district, taoyuan city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.37b market cap, or US$71.9m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$70.00, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 162% over the past three years. Upcoming Dividend • Jul 23
Upcoming dividend of NT$4.50 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 03 September 2024. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.1%). New Risk • Jun 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% 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: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks Dividend is not well covered by cash flows (144% cash payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (NT$2.56b market cap, or US$79.1m). Buy Or Sell Opportunity • Apr 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to NT$74.30. The fair value is estimated to be NT$60.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 48%. Reported Earnings • Apr 25
Third quarter 2023 earnings released: EPS: NT$1.90 (vs NT$2.25 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.90 (down from NT$2.25 in 3Q 2022). Revenue: NT$156.3m (down 31% from 3Q 2022). Net income: NT$60.6m (down 13% from 3Q 2022). Profit margin: 39% (up from 31% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to NT$73.10. The fair value is estimated to be NT$60.28, 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 61%. Announcement • Mar 24
Eclat Forever Machinery Co., Ltd., Annual General Meeting, Jun 12, 2024 Eclat Forever Machinery Co., Ltd., Annual General Meeting, Jun 12, 2024. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$66.00, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 107% over the past three years. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (64% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by cash flows (130% cash payout ratio). Market cap is less than US$100m (NT$1.68b market cap, or US$53.2m). New Risk • Aug 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 64% 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 (64% accrual ratio). Minor Risks Dividend is not well covered by cash flows (130% cash payout ratio). Market cap is less than US$100m (NT$1.67b market cap, or US$52.5m). Upcoming Dividend • Jul 21
Upcoming dividend of NT$5.07 per share at 9.1% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 9.1%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$60.00, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 356% over the past three years. 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. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 • Aug 16
First half 2022 earnings released: EPS: NT$3.24 (vs NT$1.43 in 1H 2021) First half 2022 results: EPS: NT$3.24 (up from NT$1.43 in 1H 2021). Revenue: NT$307.5m (up 1.5% from 1H 2021). Net income: NT$101.1m (up 123% from 1H 2021). Profit margin: 33% (up from 15% in 1H 2021). The increase in margin was primarily driven by lower 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 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 18% share price gain to NT$42.05, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 241% over the past three years. Upcoming Dividend • Jul 07
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 8.3%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%). Board Change • Jun 15
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. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 04
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. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 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. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 • Aug 18
First half 2021 earnings released: EPS NT$1.43 (vs NT$0.46 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$303.0m (up 429% from 1H 2020). Net income: NT$45.4m (up NT$59.9m from 1H 2020). Profit margin: 15% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 35% per year. Upcoming Dividend • Aug 12
Upcoming dividend of NT$1.84 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 15 September 2021. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$28.00, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improved over the past week After last week's 16% share price gain to NT$50.50, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 167% over the past three years. Reported Earnings • Apr 07
Full year 2020 earnings released: EPS NT$1.84 (vs NT$1.21 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$351.7m (up 30% from FY 2019). Net income: NT$57.7m (up 49% from FY 2019). Profit margin: 16% (up from 14% 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 20% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 28
New 90-day high: NT$41.10 The company is up 104% from its price of NT$20.10 on 29 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 40% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: NT$36.10 The company is up 80% from its price of NT$20.10 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: NT$31.85 The company is up 69% from its price of NT$18.80 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: NT$28.65 The company is up 56% from its price of NT$18.40 on 08 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 25% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: NT$21.25 The company is up 9.0% from its price of NT$19.45 on 11 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 6.0% over the same period. 
