Declared Dividend • Jun 29
Dividend reduced to NT$0.10 Dividend of NT$0.10 is 60% lower than last year. Ex-date: 14th July 2026 Payment date: 6th August 2026 Dividend yield will be 0.2%, which is lower than the industry average of 3.0%. Reported Earnings • May 09
First quarter 2026 earnings released First quarter 2026 results: Revenue: NT$120.3m (up 30% from 1Q 2025). Net loss: NT$18.7m (loss narrowed 54% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
C-Media Electronics Inc., Annual General Meeting, Jun 26, 2026 C-Media Electronics Inc., Annual General Meeting, Jun 26, 2026. Location: no,32 ln.266, sec.2 chih shan rd., shihlin district, taipei city Taiwan Reported Earnings • Mar 13
Full year 2025 earnings released: NT$1.52 loss per share (vs NT$0.27 loss in FY 2024) Full year 2025 results: NT$1.52 loss per share (further deteriorated from NT$0.27 loss in FY 2024). Revenue: NT$501.2m (up 12% from FY 2024). Net loss: NT$121.4m (loss widened 461% from FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Feb 01
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. 7 experienced directors. 1 highly experienced director. Independent Director Johntie Hsu was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Jan 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.14b (US$99.3m) 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 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.14b market cap, or US$99.3m). New Risk • Nov 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.04b (US$97.4m) 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 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.04b market cap, or US$97.4m). Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$0.18 loss per share (vs NT$0.57 loss in 3Q 2024) Third quarter 2025 results: NT$0.18 loss per share (improved from NT$0.57 loss in 3Q 2024). Revenue: NT$130.4m (up 17% from 3Q 2024). Net loss: NT$14.3m (loss narrowed 68% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 20
C-Media Electronics Inc. Announces Cash Dividend, Payable on July 30, 2025 C-Media Electronics Inc. announced cash dividend of TWD 0.25 per share, total amount of TWD 19,911,343. Ex-rights (Ex-dividend) date: July 07, 2025. Ex-rights (Ex-dividend) record date: July 13, 2025. Payment date of cash dividend distribution: July 30, 2025. Declared Dividend • Jun 20
Dividend of NT$0.25 announced Shareholders will receive a dividend of NT$0.25. Ex-date: 7th July 2025 Payment date: 30th July 2025 Dividend yield will be 0.6%, which is lower than the industry average of 3.0%. Announcement • May 09
C-Media Electronics Inc. announced a financing transaction C-Media Electronics Inc. announced private placement to issue 20,000,000 shares at a price may not be lower than 80 percent of the reference price on May 8, 2025. Announcement • May 01
C-Media Electronics Inc. to Report Q1, 2025 Results on May 08, 2025 C-Media Electronics Inc. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Mar 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.29b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 34% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.29b market cap, or US$99.1m). Reported Earnings • Mar 19
Full year 2024 earnings released: NT$0.27 loss per share (vs NT$1.34 loss in FY 2023) Full year 2024 results: NT$0.27 loss per share (improved from NT$1.34 loss in FY 2023). Revenue: NT$448.7m (up 7.4% from FY 2023). Net loss: NT$21.6m (loss narrowed 79% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Mar 07
C-Media Electronics Inc., Annual General Meeting, Jun 18, 2025 C-Media Electronics Inc., Annual General Meeting, Jun 18, 2025. Location: no,32 ln.266, sec.2 chih shan rd., shihlin district, taipei city Taiwan New Risk • Feb 06
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 8.0% 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 (8.0% average weekly change). Earnings have declined by 26% per year over the past 5 years. New Risk • Jan 01
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 6.1% 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 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.56 loss per share (vs NT$0.17 profit in 3Q 2023) Third quarter 2024 results: NT$0.56 loss per share (down from NT$0.17 profit in 3Q 2023). Revenue: NT$111.1m (up 22% from 3Q 2023). Net loss: NT$44.6m (down 428% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Oct 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% 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 18% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Board Change • Sep 26
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. 7 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Johntie Hsu was the last independent director to join the board, commencing their role in 2023. 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 14
Second quarter 2024 earnings released: NT$0.03 loss per share (vs NT$0.26 loss in 2Q 2023) Second quarter 2024 results: NT$0.03 loss per share (improved from NT$0.26 loss in 2Q 2023). Revenue: NT$96.6m (down 22% from 2Q 2023). Net loss: NT$1.98m (loss narrowed 90% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. New Risk • Aug 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.09b (US$94.1m) 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 9.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.09b market cap, or US$94.1m). Announcement • Aug 02
C-Media Electronics Inc. to Report Q2, 2024 Results on Aug 08, 2024 C-Media Electronics Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Declared Dividend • Jun 24
Dividend increased to NT$0.25 Dividend of NT$0.25 is 0.008% higher than last year. Ex-date: 9th July 2024 Payment date: 31st July 2024 Dividend yield will be 0.5%, which is lower than the industry average of 3.0%. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.03 (vs NT$0.34 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.03 (up from NT$0.34 loss in 1Q 2023). Revenue: NT$87.7m (down 13% from 1Q 2023). Net income: NT$2.18m (up NT$28.9m from 1Q 2023). Profit margin: 2.5% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 24
Full year 2023 earnings released: NT$1.34 loss per share (vs NT$1.63 loss in FY 2022) Full year 2023 results: NT$1.34 loss per share (improved from NT$1.63 loss in FY 2022). Revenue: NT$417.6m (down 42% from FY 2022). Net loss: NT$104.3m (loss narrowed 18% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Mar 08
C-Media Electronics Inc., Annual General Meeting, Jun 21, 2024 C-Media Electronics Inc., Annual General Meeting, Jun 21, 2024. Location: 32, Lane 266, Sec. 2, Zhishan Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider Committee's review of the 2023 annual final accounting ledgers and statements; to consider 2023 cash dividends report; to Report on private placement of common shares approved by 2023 general shareholders meeting; to report on 2023 directors remuneration; to report on Amendment to part of the Sustainable Development Best Practice Principles. New Risk • Nov 20
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 7.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: NT$0.18 (vs NT$1.25 loss in 3Q 2022) Third quarter 2023 results: EPS: NT$0.18 (up from NT$1.25 loss in 3Q 2022). Revenue: NT$90.9m (down 6.5% from 3Q 2022). Net income: NT$13.6m (up NT$110.8m from 3Q 2022). Profit margin: 15% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. New Risk • Oct 18
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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 06
Second quarter 2023 earnings released: NT$0.26 loss per share (vs NT$0.084 profit in 2Q 2022) Second quarter 2023 results: NT$0.26 loss per share (down from NT$0.084 profit in 2Q 2022). Revenue: NT$123.9m (down 54% from 2Q 2022). Net loss: NT$19.7m (down 404% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Jul 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.12b (US$99.5m) 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jun 29
Upcoming dividend of NT$0.25 per share at 0.6% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 28 July 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%). 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. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman of the Board, Chief Executive Officer and President Eric Zheng was the last director to join the board, commencing their role in 1991. 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 06
Third quarter 2022 earnings released: NT$1.25 loss per share (vs NT$2.23 profit in 3Q 2021) Third quarter 2022 results: NT$1.25 loss per share (down from NT$2.23 profit in 3Q 2021). Revenue: NT$97.3m (down 79% from 3Q 2021). Net loss: NT$97.2m (down 155% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: NT$0.08 (vs NT$2.66 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.08 (down from NT$2.66 in 2Q 2021). Revenue: NT$267.6m (down 44% from 2Q 2021). Net income: NT$6.48m (down 97% from 2Q 2021). Profit margin: 2.4% (down from 44% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$38.35, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 132% over the past three years. Upcoming Dividend • Jun 28
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 05 July 2022. Payment date: 27 July 2022. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (6.3%). Lower than average of industry peers (3.5%). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$43.50, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 163% over the past three years. Reported Earnings • May 04
First quarter 2022 earnings released: NT$0.05 loss per share (vs NT$1.14 profit in 1Q 2021) First quarter 2022 results: NT$0.05 loss per share (down from NT$1.14 profit in 1Q 2021). Revenue: NT$195.2m (down 40% from 1Q 2021). Net loss: NT$3.59m (down 104% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Chairman of the Board, Chief Executive Officer and President Eric Zheng was the last director to join the board, commencing their role in 1991. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 22% share price decline to NT$61.80, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 247% over the past three years. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$5.75 (vs NT$2.44 in FY 2020) Full year 2021 results: EPS: NT$5.75 (up from NT$2.44 in FY 2020). Revenue: NT$1.50b (up 83% from FY 2020). Net income: NT$452.4m (up 138% from FY 2020). Profit margin: 30% (up from 23% 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 116% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 20% share price gain to NT$124, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 648% over the past three years. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$2.23 (vs NT$1.07 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$464.6m (up 67% from 3Q 2020). Net income: NT$175.7m (up 110% from 3Q 2020). Profit margin: 38% (up from 30% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 86% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 22% share price gain to NT$98.00, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 525% over the past three years. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 22% share price gain to NT$98.00, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 525% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to NT$74.20, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 287% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 17% share price gain to NT$125, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 479% over the past three years. Upcoming Dividend • Aug 16
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 23 August 2021. Payment date: 14 September 2021. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$121, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 413% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$2.66 (vs NT$0.32 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$474.9m (up 213% from 2Q 2020). Net income: NT$209.8m (up NT$184.9m from 2Q 2020). Profit margin: 44% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 16% share price gain to NT$144, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 451% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 16% share price gain to NT$113, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 311% over the past three years. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$1.14 (vs NT$0.13 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$325.6m (up 281% from 1Q 2020). Net income: NT$89.9m (up NT$100.0m from 1Q 2020). Profit margin: 28% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$122, the stock trades at a trailing P/E ratio of 50.1x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 326% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 17% share price gain to NT$115, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 264% over the past three years. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$2.44 (vs NT$0.61 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$822.4m (up 104% from FY 2019). Net income: NT$190.4m (up NT$238.3m from FY 2019). Profit margin: 23% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 19% share price gain to NT$98.00, the stock is trading at a trailing P/E ratio of 78.3x, up from the previous P/E ratio of 65.6x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 192%. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$79.00, the stock is trading at a trailing P/E ratio of 63.1x, down from the previous P/E ratio of 75.1x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 210%. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 32% share price gain to NT$98.50, the stock is trading at a trailing P/E ratio of 78.7x, up from the previous P/E ratio of 59.6x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 288%. Is New 90 Day High Low • Jan 07
New 90-day high: NT$82.90 The company is up 85% from its price of NT$44.85 on 08 October 2020. The Taiwanese market is up 16% 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. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 25% share price gain to NT$56.60, the stock is trading at a trailing P/E ratio of 45.2x, up from the previous P/E ratio of 36.3x. This compares to an average P/E of 25x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 146%. Is New 90 Day High Low • Dec 17
New 90-day high: NT$51.50 The company is up 8.0% from its price of NT$47.50 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 17% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS NT$1.07 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$278.7m (up 211% from 3Q 2019). Net income: NT$83.5m (up NT$129.0m from 3Q 2019). Profit margin: 30% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 85% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.