Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$115, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 48x in the Semiconductor industry in Taiwan. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$96.00, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 42x in the Semiconductor industry in Taiwan. Total loss to shareholders of 3.8% over the past three years. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.53 (vs NT$0.61 in 1Q 2025) First quarter 2026 results: EPS: NT$0.53 (down from NT$0.61 in 1Q 2025). Revenue: NT$656.9m (up 13% from 1Q 2025). Net income: NT$52.2m (down 12% from 1Q 2025). Profit margin: 7.9% (down from 10% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$3.18 (vs NT$4.53 in FY 2024) Full year 2025 results: EPS: NT$3.18 (down from NT$4.53 in FY 2024). Revenue: NT$2.46b (down 11% from FY 2024). Net income: NT$310.3m (down 30% from FY 2024). Profit margin: 13% (down from 16% 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 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Mar 09
Amazing Microelectronic Corp., Annual General Meeting, Jun 09, 2026 Amazing Microelectronic Corp., Annual General Meeting, Jun 09, 2026. Location: b2 floor no,726, chung cheng rd., jhonghe district, new taipei city Taiwan Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: NT$1.26 (vs NT$1.08 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.26 (up from NT$1.08 in 3Q 2024). Revenue: NT$654.6m (down 17% from 3Q 2024). Net income: NT$123.4m (up 16% from 3Q 2024). Profit margin: 19% (up from 14% 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 18% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$85.50, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 3.4% over the past three years. New Risk • Oct 27
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 13% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Buy Or Sell Opportunity • Oct 27
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to NT$98.00. The fair value is estimated to be NT$77.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Earnings per share has declined by 32%. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$84.10, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 15% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.59 (vs NT$1.20 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.59 (down from NT$1.20 in 2Q 2024). Revenue: NT$612.1m (down 12% from 2Q 2024). Net income: NT$57.8m (down 51% from 2Q 2024). Profit margin: 9.4% (down from 17% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 25
Upcoming dividend of NT$3.18 per share Eligible shareholders must have bought the stock before 29 July 2025. Payment date: 25 August 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.1%). Declared Dividend • Jul 11
Dividend increased to NT$3.18 Dividend of NT$3.18 is 30% higher than last year. Ex-date: 29th July 2025 Payment date: 25th August 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 16% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.1% EPS decline seen over the last 5 years. Announcement • Jun 11
Amazing Microelectronic Corp. Announces Election of Huang, Jui-Hsiang as Independent Director, Effective June 10, 2025 Amazing Microelectronic Corp. announced the election of Huang, Jui-Hsiang as Independent Director, effective June 10, 2025. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: NT$0.61 (vs NT$1.00 in 1Q 2024) First quarter 2025 results: EPS: NT$0.61 (down from NT$1.00 in 1Q 2024). Revenue: NT$582.2m (up 2.0% from 1Q 2024). Net income: NT$59.6m (down 39% from 1Q 2024). Profit margin: 10% (down from 17% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • May 01
Amazing Microelectronic Corp. to Report Q1, 2025 Results on May 09, 2025 Amazing Microelectronic Corp. announced that they will report Q1, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$64.50, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 52% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$4.53 (vs NT$4.20 in FY 2023) Full year 2024 results: EPS: NT$4.53 (up from NT$4.20 in FY 2023). Revenue: NT$2.74b (up 4.1% from FY 2023). Net income: NT$444.7m (up 9.7% from FY 2023). Profit margin: 16% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Mar 04
Amazing Microelectronic Corp. to Report Fiscal Year 2024 Final Results on Mar 11, 2025 Amazing Microelectronic Corp. announced that they will report fiscal year 2024 final results on Mar 11, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$1.08 (vs NT$1.19 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.08 (down from NT$1.19 in 3Q 2023). Revenue: NT$784.9m (up 17% from 3Q 2023). Net income: NT$106.2m (down 8.4% from 3Q 2023). Profit margin: 14% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Oct 30
Amazing Microelectronic Corp. Announces Demise of Chen Ying-Te, Member of the Audit Committee and Remuneration Committee Amazing Microelectronic Corp. announced the unfortunate death of Mr. Chen Ying-Te, a member of the Audit Committee and Remuneration Committee, on October 29, 2024. Announcement • Oct 29
Amazing Microelectronic Corp. to Report Q3, 2024 Results on Nov 05, 2024 Amazing Microelectronic Corp. announced that they will report Q3, 2024 results on Nov 05, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$1.20 (vs NT$1.66 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.20 (down from NT$1.66 in 2Q 2023). Revenue: NT$697.5m (down 7.7% from 2Q 2023). Net income: NT$118.1m (down 27% from 2Q 2023). Profit margin: 17% (down from 22% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Jul 27
Amazing Microelectronic Corp. to Report Q2, 2024 Results on Aug 05, 2024 Amazing Microelectronic Corp. announced that they will report Q2, 2024 results on Aug 05, 2024 Upcoming Dividend • Jul 19
Upcoming dividend of NT$2.46 per share Eligible shareholders must have bought the stock before 23 July 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.0%). Declared Dividend • Jul 05
Dividend reduced to NT$2.46 Dividend of NT$2.46 is 25% lower than last year. Ex-date: 23rd July 2024 Payment date: 23rd August 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 35% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$1.00 (vs NT$1.00 in 1Q 2023) First quarter 2024 results: EPS: NT$1.00. Revenue: NT$570.5m (down 5.6% from 1Q 2023). Net income: NT$98.0m (up 2.8% from 1Q 2023). Profit margin: 17% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. New Risk • Aug 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 105% Cash payout ratio: 335% Dividend yield: 3.1% 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: 105% Cash payout ratio: 335% Minor Risks Profit margins are more than 30% lower than last year (13% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$1.66 (vs NT$2.36 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.66 (down from NT$2.36 in 2Q 2022). Revenue: NT$755.4m (down 24% from 2Q 2022). Net income: NT$162.7m (down 25% from 2Q 2022). Profit margin: 22% (in line with 2Q 2022). 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 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 18
Upcoming dividend of NT$3.27 per share at 2.8% yield Eligible shareholders must have bought the stock before 25 July 2023. Payment date: 25 August 2023. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). In line with average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$103, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$132, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$103, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 33% over the past three years. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: NT$1.10 (vs NT$2.75 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.10 (down from NT$2.75 in 3Q 2021). Revenue: NT$537.2m (down 49% from 3Q 2021). Net income: NT$102.2m (down 59% from 3Q 2021). Profit margin: 19% (down from 24% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$87.30, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 4.2% over the past three years. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: NT$2.36 (vs NT$1.69 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.36 (up from NT$1.69 in 2Q 2021). Revenue: NT$999.7m (up 11% from 2Q 2021). Net income: NT$217.4m (up 41% from 2Q 2021). Profit margin: 22% (up from 17% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 08
Upcoming dividend of NT$7.16 per share Eligible shareholders must have bought the stock before 15 August 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (3.6%). Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$2.23 (vs NT$2.25 in 1Q 2021) First quarter 2022 results: EPS: NT$2.23. Revenue: NT$887.8m (down 12% from 1Q 2021). Net income: NT$204.3m (flat on 1Q 2021). Profit margin: 23% (up from 20% in 1Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$155, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 142% over the past three years. Buying Opportunity • Apr 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be NT$221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Mar 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 36%. The fair value is estimated to be NT$221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS NT$2.74 (vs NT$1.78 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.05b (up 21% from 3Q 2020). Net income: NT$251.2m (up 77% from 3Q 2020). Profit margin: 24% (up from 16% 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 2% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 15% share price gain to NT$220, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 272% 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 19% share price decline to NT$180, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 173% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 18% share price gain to NT$188, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 18% share price gain to NT$157, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 86% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$1.69 (vs NT$1.31 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$901.9m (up 23% from 2Q 2020). Net income: NT$153.9m (up 47% from 2Q 2020). Profit margin: 17% (up from 14% 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 2% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 17% share price gain to NT$174, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 101% over the past three years. Upcoming Dividend • Jul 26
Upcoming dividend of NT$5.03 per share Eligible shareholders must have bought the stock before 02 August 2021. Payment date: 02 September 2021. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improved over the past week After last week's 18% share price gain to NT$152, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 93% over the past three years. Reported Earnings • May 18
First quarter 2021 earnings released: EPS NT$2.25 (vs NT$1.38 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.00b (up 52% from 1Q 2020). Net income: NT$203.4m (up 85% from 1Q 2020). Profit margin: 20% (up from 17% in 1Q 2020). The increase in margin was driven by higher revenue. 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 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$132, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 79% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 18% share price gain to NT$167, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 123% over the past three years. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$6.46 (vs NT$6.37 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: NT$3.19b (up 15% from FY 2019). Net income: NT$531.3m (up 5.6% from FY 2019). Profit margin: 17% (down from 18% in FY 2019). The decrease in margin was driven by higher 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 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 17
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 20.8x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 70% over the past three years. Is New 90 Day High Low • Feb 23
New 90-day high: NT$112 The company is up 24% from its price of NT$90.20 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 32% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: NT$111 The company is up 39% from its price of NT$79.60 on 30 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 22% over the same period. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 17% share price gain to NT$106, the stock is trading at a trailing P/E ratio of 17.7x, up from the previous P/E ratio of 15.1x. 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 55%. Is New 90 Day High Low • Dec 09
New 90-day high: NT$97.60 The company is up 20% from its price of NT$81.00 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 25% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS NT$1.77 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$870.2m (up 31% from 3Q 2019). Net income: NT$142.3m (up 36% from 3Q 2019). Profit margin: 16% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year.