Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$78.00, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 50x in the Semiconductor industry in Taiwan. Total returns to shareholders of 54% over the past three years. New Risk • Jul 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.05b (US$94.9m) 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 High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (NT$3.05b market cap, or US$94.9m). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$85.40, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 40% over the past three years. Declared Dividend • Jun 01
Dividend increased to NT$3.00 Dividend of NT$3.00 is 15% higher than last year. Ex-date: 15th June 2026 Payment date: 9th July 2026 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.84 (vs NT$1.29 in 1Q 2025) First quarter 2026 results: EPS: NT$0.84 (down from NT$1.29 in 1Q 2025). Revenue: NT$155.7m (down 19% from 1Q 2025). Net income: NT$31.4m (down 35% from 1Q 2025). Profit margin: 20% (down from 25% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$114, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 44x in the Semiconductor industry in Taiwan. Total returns to shareholders of 146% over the past three years. New Risk • Apr 26
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 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.0% average weekly change). Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$93.20, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$64.10, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 40% over the past three years. New Risk • Mar 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.23b market cap, or US$70.3m). Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: NT$7.31 (vs NT$4.03 in FY 2024) Full year 2025 results: EPS: NT$7.31 (up from NT$4.03 in FY 2024). Revenue: NT$674.9m (down 6.2% from FY 2024). Net income: NT$273.9m (up 82% from FY 2024). Profit margin: 41% (up from 21% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Announcement • Mar 05
Calitech Co., Ltd., Annual General Meeting, May 22, 2026 Calitech Co., Ltd., Annual General Meeting, May 22, 2026. Location: 1 floor no,77, hsien cheng 8th st., jhubei city, hsinchu county Taiwan Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$59.10, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 27% over the past three years. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: NT$0.97 (vs NT$1.04 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.97 (down from NT$1.04 in 3Q 2024). Revenue: NT$152.9m (down 16% from 3Q 2024). Net income: NT$36.2m (down 6.9% from 3Q 2024). Profit margin: 24% (up from 21% 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 9% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Aug 12
Second quarter 2025 earnings released: NT$0.007 loss per share (vs NT$0.81 profit in 2Q 2024) Second quarter 2025 results: NT$0.007 loss per share (down from NT$0.81 profit in 2Q 2024). Revenue: NT$163.3m (down 7.2% from 2Q 2024). Net loss: NT$245.0k (down 101% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • Jul 14
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 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$2.65b market cap, or US$90.7m). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$68.60, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 88% over the past three years. Upcoming Dividend • Jun 05
Upcoming dividend of NT$2.60 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 10 July 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.4%). Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$1.29 (vs NT$0.86 in 1Q 2024) First quarter 2025 results: EPS: NT$1.29 (up from NT$0.86 in 1Q 2024). Revenue: NT$192.6m (up 15% from 1Q 2024). Net income: NT$48.3m (up 50% from 1Q 2024). Profit margin: 25% (up from 19% in 1Q 2024). 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 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$57.80, 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 returns to shareholders of 41% over the past three years. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: NT$4.03 (vs NT$3.59 in FY 2023) Full year 2024 results: EPS: NT$4.03 (up from NT$3.59 in FY 2023). Revenue: NT$719.5m (up 3.7% from FY 2023). Net income: NT$150.8m (up 13% from FY 2023). Profit margin: 21% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 06
Calitech Co., Ltd., Annual General Meeting, May 22, 2025 Calitech Co., Ltd., Annual General Meeting, May 22, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,77, hsien cheng 8th st., jhubei city, hsinchu county Taiwan Reported Earnings • Nov 19
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: NT$181.9m (down 6.0% from 3Q 2023). Net income: NT$38.9m (down 13% from 3Q 2023). Profit margin: 21% (down from 23% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$82.40, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 138% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.81 (vs NT$0.89 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.81 (down from NT$0.89 in 2Q 2023). Revenue: NT$175.9m (up 3.3% from 2Q 2023). Net income: NT$30.3m (down 9.3% from 2Q 2023). Profit margin: 17% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$56.80, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 58% over the past three years. New Risk • Aug 05
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$2.28b market cap, or US$70.0m). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$78.00, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 105% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of NT$2.40 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 18 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.0%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.86 (vs NT$0.77 in 1Q 2023) First quarter 2024 results: EPS: NT$0.86 (up from NT$0.77 in 1Q 2023). Revenue: NT$166.9m (up 2.5% from 1Q 2023). Net income: NT$32.3m (up 14% from 1Q 2023). Profit margin: 19% (up from 17% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: NT$3.59 (vs NT$5.00 in FY 2022) Full year 2023 results: EPS: NT$3.59 (down from NT$5.00 in FY 2022). Revenue: NT$693.8m (up 4.7% from FY 2022). Net income: NT$133.9m (down 26% from FY 2022). Profit margin: 19% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 09
Calitech Co., Ltd., Annual General Meeting, May 24, 2024 Calitech Co., Ltd., Annual General Meeting, May 24, 2024. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$82.00, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$69.50, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 42% over the past three years. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$0.89 (vs NT$1.32 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.89 (down from NT$1.32 in 2Q 2022). Revenue: NT$170.4m (up 8.9% from 2Q 2022). Net income: NT$33.4m (down 30% from 2Q 2022). Profit margin: 20% (down from 31% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 20
Upcoming dividend of NT$2.69 per share at 4.1% yield Eligible shareholders must have bought the stock before 27 June 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.1%). New Risk • Jun 09
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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Market cap is less than US$100m (NT$2.48b market cap, or US$80.7m). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$66.20, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total loss to shareholders of 5.6% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$50.70, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total loss to shareholders of 7.5% over the past three years. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: NT$5.00 (vs NT$2.63 in FY 2021) Full year 2022 results: EPS: NT$5.00 (up from NT$2.63 in FY 2021). Revenue: NT$662.8m (up 31% from FY 2021). Net income: NT$180.7m (up 90% from FY 2021). Profit margin: 27% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$53.10, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 69% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$1.45 (vs NT$0.79 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.45 (up from NT$0.79 in 3Q 2021). Revenue: NT$179.4m (up 31% from 3Q 2021). Net income: NT$52.2m (up 84% from 3Q 2021). Profit margin: 29% (up from 21% in 3Q 2021). The increase in margin was driven by higher revenue. 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 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$49.75, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 15% share price gain to NT$53.40, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 101% over the past three years. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: NT$1.32 (vs NT$0.47 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.32 (up from NT$0.47 in 2Q 2021). Revenue: NT$156.4m (up 34% from 2Q 2021). Net income: NT$47.7m (up 183% from 2Q 2021). Profit margin: 31% (up from 14% 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 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of NT$1.80 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (4.1%). Reported Earnings • May 08
First quarter 2022 earnings released: EPS: NT$1.05 (vs NT$0.55 in 1Q 2021) First quarter 2022 results: EPS: NT$1.05 (up from NT$0.55 in 1Q 2021). Revenue: NT$131.9m (up 28% from 1Q 2021). Net income: NT$37.8m (up 90% from 1Q 2021). Profit margin: 29% (up from 19% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 22% share price gain to NT$62.10, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 17% share price gain to NT$50.50, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 109% over the past three years. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.79 (vs NT$0.84 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$137.3m (up 1.6% from 3Q 2020). Net income: NT$28.3m (down 5.7% from 3Q 2020). Profit margin: 21% (down from 22% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.47 (vs NT$1.13 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$116.8m (down 30% from 2Q 2020). Net income: NT$16.8m (down 54% from 2Q 2020). Profit margin: 14% (down from 22% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 13
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 20 July 2021. Payment date: 16 August 2021. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$40.40, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 27% over the past three years. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$0.55 (vs NT$0.94 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$102.6m (down 25% from 1Q 2020). Net income: NT$19.9m (down 33% from 1Q 2020). Profit margin: 19% (down from 22% in 1Q 2020). The decrease in margin was driven by lower 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 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 21
Calitech Co., Ltd., Annual General Meeting, Jun 10, 2021 Calitech Co., Ltd., Annual General Meeting, Jun 10, 2021. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS NT$3.06 (vs NT$2.63 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$547.9m (up 20% from FY 2019). Net income: NT$103.4m (up 24% from FY 2019). Profit margin: 19% (in line with FY 2019). 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 21% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 10
New 90-day low: NT$52.80 The company is down 9.0% from its price of NT$57.90 on 12 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 37% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: NT$65.00 The company is up 24% from its price of NT$52.50 on 21 October 2020. The Taiwanese market is up 20% 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 08
New 90-day high: NT$63.20 The company is up 3.0% from its price of NT$61.10 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 18% share price gain to NT$57.90, the stock is trading at a trailing P/E ratio of 16.1x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 22x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 133%. Reported Earnings • Nov 09
Third quarter 2020 earnings released: EPS NT$0.84 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$135.2m (up 13% from 3Q 2019). Net income: NT$30.1m (up 31% from 3Q 2019). Profit margin: 22% (up from 19% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Is New 90 Day High Low • Oct 12
New 90-day low: NT$52.30 The company is down 33% from its price of NT$78.00 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 19% over the same period.