Reported Earnings • Mar 02
Full year 2025 earnings released: NT$0.08 loss per share (vs NT$0.66 profit in FY 2024) Full year 2025 results: NT$0.08 loss per share (down from NT$0.66 profit in FY 2024). Revenue: NT$5.71b (up 8.5% from FY 2024). Net loss: NT$8.21m (down 112% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Feb 25
ThinTech Materials Technology Co., Ltd., Annual General Meeting, Jun 17, 2026 ThinTech Materials Technology Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: no,1, lu k`o 8th rd., lujhu district, kaohsiung city Taiwan New Risk • Feb 04
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 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). New Risk • Dec 29
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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Reported Earnings • Nov 05
Third quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.03 profit in 3Q 2024) Third quarter 2025 results: NT$0.05 loss per share (down from NT$0.03 profit in 3Q 2024). Revenue: NT$1.34b (down 6.8% from 3Q 2024). Net loss: NT$5.41m (down 265% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
Second quarter 2025 earnings released: NT$0.11 loss per share (vs NT$0.17 profit in 2Q 2024) Second quarter 2025 results: NT$0.11 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$1.60b (up 13% from 2Q 2024). Net loss: NT$11.6m (down 166% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 31
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 07 August 2025. Payment date: 04 September 2025. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.1%). New Risk • May 15
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: 1.0% Last year net profit margin: 1.5% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.26 in 1Q 2024) First quarter 2025 results: EPS: NT$0.09 (down from NT$0.26 in 1Q 2024). Revenue: NT$1.15b (flat on 1Q 2024). Net income: NT$9.24m (down 64% from 1Q 2024). Profit margin: 0.8% (down from 2.2% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. New Risk • May 04
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 10% 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 (10% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Announcement • Apr 25
ThinTech Materials Technology Co., Ltd. to Report Q1, 2025 Results on May 02, 2025 ThinTech Materials Technology Co., Ltd. announced that they will report Q1, 2025 results on May 02, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$45.20, the stock trades at a trailing P/E ratio of 70.3x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 59% over the past three years. Reported Earnings • Mar 11
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: NT$0.66 (down from NT$0.87 in FY 2023). Revenue: NT$5.27b (down 11% from FY 2023). Net income: NT$69.3m (down 21% from FY 2023). Profit margin: 1.3% (down from 1.5% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 46%. Earnings per share (EPS) missed analyst estimates by 23%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Feb 27
ThinTech Materials Technology Co., Ltd., Annual General Meeting, Jun 19, 2025 ThinTech Materials Technology Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: no,1, lu k`o 8th rd., lujhu district, kaohsiung city Taiwan Announcement • Feb 19
ThinTech Materials Technology Co., Ltd. to Report Q4, 2024 Results on Feb 26, 2025 ThinTech Materials Technology Co., Ltd. announced that they will report Q4, 2024 results on Feb 26, 2025 New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% This is considered a major 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 Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Board Change • Jan 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Director Lay-Lay Pan was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Dec 28
ThinTech Materials Technology Co., Ltd. Appoints Feng, Fu-An as President, Effective December 31, 2024 ThinTech Materials Technology Co., Ltd. announced the appointment of Feng, Fu-An as President, Effective December 31, 2024. Resume of the new position holder: Chairman of Changzhou China Steel Precision Material Co., Ltd. Reason for the change: Pan, Yeong-Tsuen, the Former President,will retire upon the age limit on December 31, 2024 and the Board of Directors resolved to appoint Feng, Fu-An as the new president. Date of the board of directors resolution or date of occurrence of the change: December 27, 2024. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Shareholders have been diluted in the past year (47% increase in shares outstanding). Reported Earnings • Nov 02
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: NT$0.03 (down from NT$0.29 in 3Q 2023). Revenue: NT$1.43b (up 114% from 3Q 2023). Net income: NT$3.28m (down 85% from 3Q 2023). Profit margin: 0.2% (down from 3.2% in 3Q 2023). Revenue exceeded analyst estimates by 45%. Earnings per share (EPS) missed analyst estimates by 88%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Announcement • Oct 23
ThinTech Materials Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 ThinTech Materials Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: NT$0.17 (up from NT$0.13 in 2Q 2023). Revenue: NT$1.42b (up 143% from 2Q 2023). Net income: NT$13.2m (up 34% from 2Q 2023). Profit margin: 0.9% (down from 1.7% in 2Q 2023). Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. 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 24% per year, which means it is well ahead of earnings. New Risk • Jul 26
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 8.6% 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 Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Shareholders have been diluted in the past year (37% increase in shares outstanding). Announcement • Jul 24
ThinTech Materials Technology Co., Ltd. to Report Q2, 2024 Results on Jul 31, 2024 ThinTech Materials Technology Co., Ltd. announced that they will report Q2, 2024 results on Jul 31, 2024 New Risk • Jul 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 37% 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 Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Shareholders have been diluted in the past year (37% increase in shares outstanding). New Risk • Jun 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 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • May 15
First quarter 2024 earnings released: EPS: NT$0.14 (vs NT$0.11 in 1Q 2023) First quarter 2024 results: EPS: NT$0.14 (up from NT$0.11 in 1Q 2023). Revenue: NT$547.9m (flat on 1Q 2023). Net income: NT$10.6m (up 27% from 1Q 2023). Profit margin: 1.9% (up from 1.5% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • May 01
ThinTech Materials Technology Co., Ltd. to Report Q1, 2024 Results on May 07, 2024 ThinTech Materials Technology Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024 Upcoming Dividend • May 01
Upcoming dividend of NT$0.59 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 12 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (4.5%). Lower than average of industry peers (2.4%). New Risk • Apr 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.20b (US$98.2m) 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 Risk Earnings have declined by 6.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (NT$3.20b market cap, or US$98.2m). Announcement • Apr 11
Thintech Materials Technology Co., Ltd. Announces Cash Dividend, Payable on June 12, 2024 ThinTech Materials Technology Co., Ltd. announced cash dividends of TWD 0.6 per share. Ex-rights (Ex-dividend) date is May 8, 2024. Ex-rights (Ex-dividend) record date is May 14, 2024. Payment date of cash dividend distribution is June 12, 2024. Date of the resolution by the board of directors or shareholders meeting, or of the decision by the company is April 10, 2024. New Risk • Mar 08
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 5.7% 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: Major Risk Earnings have declined by 6.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: NT$0.54 (vs NT$1.12 in FY 2022) Full year 2023 results: EPS: NT$0.54 (down from NT$1.12 in FY 2022). Revenue: NT$2.41b (down 4.8% from FY 2022). Net income: NT$39.6m (down 52% from FY 2022). Profit margin: 1.6% (down from 3.2% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$44.05, the stock trades at a trailing P/E ratio of 66.3x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 118% over the past three years. Announcement • Jan 17
ThinTech Materials Technology Co., Ltd., Annual General Meeting, Apr 10, 2024 ThinTech Materials Technology Co., Ltd., Annual General Meeting, Apr 10, 2024. Location: No.1, Luke 8th Rd., Lujhu District Kaohsiung City Taiwan Agenda: To consider Report on the operations of 2023; to consider report on compensation for employees and remuneration for directors of 2023; to consider report on audit committee's review report of 2023; to consider status report of loaning of funds and endorsement/guarantee of 2023; to consider report on the issue of the Third Domestic Secured Convertible Corporate Bond; to approve 2023 operation report and financial statements; and to approve the proposal for distribution of 2023 profits. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: NT$0.29 (vs NT$0.15 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.29 (up from NT$0.15 in 3Q 2022). Revenue: NT$669.7m (up 23% from 3Q 2022). Net income: NT$21.5m (up 89% from 3Q 2022). Profit margin: 3.2% (up from 2.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
Thintech Materials Technology Co., Ltd. Appoints Lee,Chao-Hsiang as Chairman ThinTech Materials Technology Co., Ltd. announced the election of LEE,CHAO-HSIANG as the new chairman. Resume of the new position holder: PRESIDENT OF DRAGON STEEL CORPORATION. Date of the board of directors resolution or date of occurrence of the change: November 02, 2023. Effective date of the new appointment: November 02, 2023. Upcoming Dividend • Aug 16
Upcoming dividend of NT$1.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (3.4%). New Risk • Aug 11
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 189% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 189% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (NT$2.51b market cap, or US$78.7m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.13 (vs NT$0.44 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.13 (down from NT$0.44 in 2Q 2022). Revenue: NT$582.9m (down 28% from 2Q 2022). Net income: NT$9.81m (down 70% from 2Q 2022). Profit margin: 1.7% (down from 4.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year. Announcement • Aug 09
Thintech Materials Technology Co., Ltd. Announces Dividend Rate Adjustment ThinTech Materials Technology Co., Ltd. announced dividend rate adjustment. Type and monetary amount of original dividend distribution: Cash dividend of TWD 73,498,057 has been announced, with a distribution of TWD 1 per share. Type and monetary amount of dividend distribution after the change: Cash dividend of TWD 73,498,057 has been announced, with a distribution of TWD 0.99995597 per share. The issuance of the 3rd domestic secured convertible bonds by the company has resulted in bondholders exercising their right to convert into common shares. As a result, the total number of outstanding shares has changed to 73,501,293 shares. According to the company's regular meeting of shareholders on June 16, 2023 resolution to chairman has authorized to adjusted the dividend rate. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$35.30, the stock trades at a trailing P/E ratio of 42.2x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$31.85, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 90% over the past three years. Announcement • May 06
ThinTech Materials Technology Co., Ltd. agreed to acquire 35% stake in Changzhou China Steel Precision Materials Corporation from China Steel Asia Pacific Holdings Pte. Ltd for $23.2 million. ThinTech Materials Technology Co., Ltd. agreed to acquire 35% stake in Changzhou China Steel Precision Materials Corporation from China Steel Asia Pacific Holdings Pte. Ltd for $23.2 million on May 5, 2023. This transaction will take effect only after obtaining the approval of competent authority. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: NT$1.12 (vs NT$0.96 in FY 2021) Full year 2022 results: EPS: NT$1.12 (up from NT$0.96 in FY 2021). Revenue: NT$2.53b (down 16% from FY 2021). Net income: NT$82.0m (up 17% from FY 2021). Profit margin: 3.2% (up from 2.3% 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 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Lay-Lay Pan was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 15
Upcoming dividend of NT$0.90 per share Eligible shareholders must have bought the stock before 22 August 2022. Payment date: 06 September 2022. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (3.5%). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$27.35, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 20% share price gain to NT$33.00, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 104% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.39 (vs NT$0.18 in 1Q 2021) First quarter 2022 results: EPS: NT$0.39 (up from NT$0.18 in 1Q 2021). Revenue: NT$662.8m (down 13% from 1Q 2021). Net income: NT$28.8m (up 120% from 1Q 2021). Profit margin: 4.3% (up from 1.7% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Lay-Lay Pan was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$0.96 (up from NT$0.64 in FY 2020). Revenue: NT$3.00b (up 25% from FY 2020). Net income: NT$70.3m (up 49% from FY 2020). Profit margin: 2.3% (up from 2.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 19% per year, which means it is well ahead of earnings. Announcement • Feb 19
ThinTech Materials Technology Co., Ltd. Proposes Cash Dividends for the Year 2021 ThinTech Materials Technology Co., Ltd. proposed cash dividends of TWD 0.9 per share for the year 2021. The total amount of cash dividends to shareholders of TWD 66,148,251. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS NT$0.22 (vs NT$0.17 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$792.5m (up 18% from 3Q 2020). Net income: NT$16.5m (up 30% from 3Q 2020). Profit margin: 2.1% (up from 1.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Lay-Lay Pan was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Oct 01
Director Ja-Cheng Hsu has left the company On the 30th of September, Ja-Cheng Hsu's tenure as Director ended after 1.3 years in the role. We don't have any record of a personal shareholding under Ja-Cheng's name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 18% share price gain to NT$49.90, the stock trades at a trailing P/E ratio of 66.1x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 179% over the past three years. Upcoming Dividend • Sep 02
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 27 September 2021. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 18% share price gain to NT$42.85, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$41.55, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 148% over the past three years. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS NT$0.21 (vs NT$0.13 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$758.9m (up 64% from 2Q 2020). Net income: NT$15.5m (up 58% from 2Q 2020). Profit margin: 2.0% (down from 2.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 27% share price gain to NT$31.60, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$20.65, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 10.0% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 17% share price gain to NT$26.90, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 42% over the past three years. Executive Departure • Mar 03
VP and Financial Officer & Accounting Officer has left the company On the 1st of March, Chang-Ming Lin's tenure as VP and Financial Officer & Accounting Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Chang-Ming's name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 19% share price gain to NT$21.85, the stock is trading at a trailing P/E ratio of 44.2x, up from the previous P/E ratio of 37.1x. This compares to an average P/E of 29x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 22%. Announcement • Feb 20
Thintech Materials Technology Co., Ltd. Announces Executive Changes ThinTech Materials Technology Co., Ltd. announced resignation of Lin Chang-Ming,vice president and financial officer, accounting officer, Effective April 1, 2021 and replacement with Chang,Chia-Wen accounting manager of the company, Effective date is March 1, 2021. Is New 90 Day High Low • Feb 04
New 90-day low: NT$18.15 The company is down 2.0% from its price of NT$18.60 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 38% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: NT$21.40 The company is up 12% from its price of NT$19.10 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: NT$19.55 The company is up 5.0% from its price of NT$18.60 on 03 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 16% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS NT$0.17 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$669.4m (up 22% from 3Q 2019). Net income: NT$12.8m (down 34% from 3Q 2019). Profit margin: 1.9% (down from 3.5% in 3Q 2019). The decrease in margin was driven by higher expenses. 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 5% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Sep 25
New 90-day low: NT$18.15 The company is down 5.0% from its price of NT$19.15 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 26% over the same period. Announcement • Jul 31
ThinTech Materials Technology Co., Ltd. Announces Resignation of Tung, Huan Chien as President Effective July 29, 2020 ThinTech Materials Technology Co., Ltd. announced resignation of Tung, Huan Chien as President effective July 29, 2020.