Upcoming Dividend • Jul 07
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 14 July 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$25.95, the stock trades at a trailing P/E ratio of 60.6x. Average trailing P/E is 49x in the Semiconductor industry in Taiwan. Total loss to shareholders of 20% over the past three years. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$0.47 (vs NT$0.15 in 1Q 2025) First quarter 2026 results: EPS: NT$0.47 (up from NT$0.15 in 1Q 2025). Revenue: NT$1.85b (up 27% from 1Q 2025). Net income: NT$98.3m (up 209% from 1Q 2025). Profit margin: 5.3% (up from 2.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: NT$0.08 (vs NT$0.42 in FY 2024) Full year 2025 results: EPS: NT$0.08 (down from NT$0.42 in FY 2024). Revenue: NT$5.74b (up 3.6% from FY 2024). Net income: NT$16.7m (down 81% from FY 2024). Profit margin: 0.3% (down from 1.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 15% per year. Announcement • Mar 06
EOI Holding, Annual General Meeting, May 28, 2026 EOI Holding, Annual General Meeting, May 28, 2026. Location: no,2, k`o tung 1st rd., jhunan township hsinchu science park, miaoli county Taiwan New Risk • Mar 03
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% 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 Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 36% per year over the past 5 years. Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.005 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.09 (up from NT$0.005 in 3Q 2024). Revenue: NT$1.45b (up 3.3% from 3Q 2024). Net income: NT$19.2m (up NT$18.2m from 3Q 2024). Profit margin: 1.3% (up from 0.1% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.53 loss per share (vs NT$0.13 profit in 2Q 2024) Second quarter 2025 results: NT$0.53 loss per share (down from NT$0.13 profit in 2Q 2024). Revenue: NT$1.31b (down 7.3% from 2Q 2024). Net loss: NT$110.7m (down NT$137.9m from profit in 2Q 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 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 19
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 18 July 2025. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.3%). Announcement • May 30
Excellence Optoelectronics Inc. Announces Cash Dividend for the Year 2024, Payable on July 18, 2025 Excellence Optoelectronics Inc. announced cash dividends to common shareholders of TWD 62,353,634 (TWD 0.3 per share) for the year 2024. Ex-rights (ex-dividend) trading date: June 26, 2025; Ex-rights (ex-dividend) record date: July 02, 2025; Payment date of common stock cash dividend distribution: July 18, 2025. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: NT$0.15 (vs NT$0.24 in 1Q 2024) First quarter 2025 results: EPS: NT$0.15 (down from NT$0.24 in 1Q 2024). Revenue: NT$1.46b (up 5.4% from 1Q 2024). Net income: NT$31.8m (down 33% from 1Q 2024). Profit margin: 2.2% (down from 3.4% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 01
Excellence Optoelectronics Inc. to Report Q1, 2025 Results on May 08, 2025 Excellence Optoelectronics Inc. announced that they will report Q1, 2025 results on May 08, 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$18.45, the stock trades at a trailing P/E ratio of 44.9x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total loss to shareholders of 22% over the past three years. New Risk • Apr 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings have declined by 41% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$0.42 (vs NT$0.054 in FY 2023) Full year 2024 results: EPS: NT$0.42 (up from NT$0.054 in FY 2023). Revenue: NT$5.54b (up 28% from FY 2023). Net income: NT$85.5m (up NT$75.2m from FY 2023). Profit margin: 1.5% (up from 0.2% 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 76% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 27
Excellence Optoelectronics Inc. to Report Fiscal Year 2024 Results on Mar 06, 2025 Excellence Optoelectronics Inc. announced that they will report fiscal year 2024 results on Mar 06, 2025 Announcement • Dec 27
Excellence Optoelectronics Inc. Approves Establishment of Sustainable Development Committee and Appointment of Committee Members Excellence Optoelectronics Inc. approved the establishment of a sustainable development committee and the appointment of committee members - Lai Qingqi: Independent Director of Nanya Technology Co. Ltd.; Lai Kunhong: Yida Biotechnology Co. Ltd. - Independent Director; Lu Tingjie, Independent Director: Nanshan Life Insurance; fanny huang - EOI GM/EOI board of Director. Effective date of the new member is December 26, 2024. The term of office shall be from the date of appointment to the expiration of the current director. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.01 (vs NT$0.025 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.01 (down from NT$0.025 in 3Q 2023). Revenue: NT$1.40b (up 26% from 3Q 2023). Net income: NT$1.05m (down 79% from 3Q 2023). Profit margin: 0.1% (down from 0.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% 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 increased by 50% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 49% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$0.13 (vs NT$0.036 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.13 (up from NT$0.036 in 2Q 2023). Revenue: NT$1.41b (up 38% from 2Q 2023). Net income: NT$27.1m (up 300% from 2Q 2023). Profit margin: 1.9% (up from 0.7% in 2Q 2023). Revenue is forecast to grow 22% 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 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Aug 01
Excellence Optoelectronics Inc. to Report Q2, 2024 Results on Aug 08, 2024 Excellence Optoelectronics Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Jul 23
Upcoming dividend of NT$0.19 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.1%). New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 889% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 51% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.5% increase in shares outstanding). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: NT$0.24 (vs NT$0.023 in 1Q 2023) First quarter 2024 results: EPS: NT$0.24 (up from NT$0.023 in 1Q 2023). Revenue: NT$1.39b (up 30% from 1Q 2023). Net income: NT$47.6m (up NT$43.5m from 1Q 2023). Profit margin: 3.4% (up from 0.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% 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, 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 • Apr 30
Excellence Optoelectronics Inc. to Report Q1, 2024 Results on May 06, 2024 Excellence Optoelectronics Inc. announced that they will report Q1, 2024 results on May 06, 2024 Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: NT$0.05 (vs NT$0.094 in FY 2022) Full year 2023 results: EPS: NT$0.05 (down from NT$0.094 in FY 2022). Revenue: NT$4.33b (up 13% from FY 2022). Net income: NT$10.3m (down 38% from FY 2022). Profit margin: 0.2% (down from 0.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Announcement • Mar 01
Excellence Optoelectronics Inc., Annual General Meeting, Jun 27, 2024 Excellence Optoelectronics Inc., Annual General Meeting, Jun 27, 2024. Location: No.2, Kedong 1st Road, Chunan Town, Miaoli County,Hsinchu Science Park, Taiwan 35053, R.O.C. Taiwan, R.o.c. Taiwan Agenda: To report the business of 2023 ; to report the Cash Dividends of Earnings Distribution of 2023 ; to report the bonus to employees and the remuneration to directors of 2023 ; to the Audit Committee review report in 2023 ; to report the Endorsement Guarantee Situation ; to report the indirect investment in mainland China ; to report the implementation of conversion of corporate bonds ; to Amendment to the Company's ” Rules of Procedure for Board of Directors Meetings; to report corporate governance matters of 2023; to ratify 2023 operating report and financial report ; to ratify 2023 earnings distribution ; and to consider other matters if any. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: NT$0.03 (vs NT$0.16 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.03 (down from NT$0.16 in 3Q 2022). Revenue: NT$1.12b (up 20% from 3Q 2022). Net income: NT$4.92m (down 83% from 3Q 2022). Profit margin: 0.4% (down from 3.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 24
Price target increased by 7.2% to NT$36.00 Up from NT$33.57, the current price target is provided by 1 analyst. New target price is 13% above last closing price of NT$31.75. Stock is up 57% over the past year. The company posted earnings per share of NT$0.094 last year. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: NT$0.04 (vs NT$0.007 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.04 (up from NT$0.007 in 2Q 2022). Revenue: NT$1.03b (flat on 2Q 2022). Net income: NT$6.79m (up 471% from 2Q 2022). Profit margin: 0.7% (up from 0.1% in 2Q 2022). Revenue is expected to decline by 41% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in Taiwan are expected to grow by 12%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Announcement • Aug 05
Excellence Optoelectronics Inc. Appoints Lu Tingjie as New Salary and Nomination Committee Member Excellence Optoelectronics Inc. announced the appointment of Lu Tingjie, National Chengchi University - Institute of Accounting - Master General/Deputy Secretary-General of the Futures Commercial Association of ROC Secretary the Financial Supervisory Commission of the Executive Yuan, as new salary and nomination committee member, effective from August 4, 2023. Upcoming Dividend • Jun 14
Upcoming dividend of NT$0.18 per share at 0.5% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 14 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.1%). Announcement • Jun 09
Excellence Optoelectronics Inc. Adjusts the Cash Dividend Payout Rate Excellence Optoelectronics Inc. announced adjustment the cash dividend payout rate. Date of the resolution of the board of directors or shareholders meeting: June 6, 2023. Type and monetary amount of original dividend distribution: Cash dividend TWD 35,157,454 (TWD 0.2 per share). Type and monetary amount of dividend distribution after the change: Cash dividend TWD 35,157,454 (TWD 0.18084027 per share). Reason for the change: Changes in the number of outstanding shares due to the conversion of corporate bonds into ordinary shares, According to the resolution of the board of directors on February 23, 2023 the chairman is authorized to adjust the dividend rate. Announcement • May 25
Excellence Optoelectronics Inc. Appoints Shuyuan Lin for the Audit Committee Excellence Optoelectronics Inc. appointed Shuyuan Lin for the Audit Committee. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: NT$0.09 (vs NT$0.059 in FY 2021) Full year 2022 results: EPS: NT$0.09 (up from NT$0.059 in FY 2021). Revenue: NT$3.83b (up 5.8% from FY 2021). Net income: NT$16.5m (up 59% from FY 2021). Profit margin: 0.4% (up from 0.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Feb 04
Excellence Optoelectronics Inc. Announces Demise of Shuyuan Lin Excellence Optoelectronics Inc. announced the demise of Shuyuan Lin independent director. Price Target Changed • Dec 01
Price target increased to NT$28.00 Up from NT$24.50, the current price target is an average from 2 analysts. New target price is 11% above last closing price of NT$25.20. Stock is down 0.6% over the past year. The company posted earnings per share of NT$0.059 last year. Board Change • Nov 16
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 not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Ching-Chi Lai was the last independent director to join the board, commencing their role in 2018. 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 07
Third quarter 2022 earnings released: EPS: NT$0.16 (vs NT$0.035 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.16 (up from NT$0.035 loss in 3Q 2021). Revenue: NT$929.2m (up 1.7% from 3Q 2021). Net income: NT$28.2m (up NT$34.3m from 3Q 2021). Profit margin: 3.0% (up from net loss in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 17
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 24 June 2022. Payment date: 15 July 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (6.1%). Lower than average of industry peers (3.3%). Announcement • May 29
Excellence Optoelectronics Inc. Announces the Dividend of Year 2021 Excellence Optoelectronics Inc. announced dividend . Date of the resolution by the board of directors or shareholders meeting or decision by the Company: 2022/05/27. Type of ex-rights or ex-dividend: Ex-dividend. Type and monetary amount of dividend distribution: Cash dividends to common shareholders TWD 70,293,304(TWD 0.4 per share). Ex-rights (ex-dividend) trading date:2022/06/24. Ex-rights (ex-dividend) record date:2022/07/02. Any other matters that need to be specified: Cash dividend will be paid on July 15, 2021. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.06 (vs NT$0.20 in 1Q 2021) First quarter 2022 results: EPS: NT$0.06 (down from NT$0.20 in 1Q 2021). Revenue: NT$927.0m (down 5.7% from 1Q 2021). Net income: NT$10.8m (down 69% from 1Q 2021). Profit margin: 1.2% (down from 3.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Price Target Changed • Apr 27
Price target increased to NT$31.50 Up from NT$24.50, the current price target is an average from 2 analysts. New target price is 41% above last closing price of NT$22.35. Stock is down 31% over the past year. The company posted earnings per share of NT$0.059 last year. Board Change • Apr 27
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 not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Lai Ching-Chi was the last independent director to join the board, commencing their role in 2018. 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 • Mar 10
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$0.06 (down from NT$0.85 in FY 2020). Revenue: NT$3.61b (down 4.3% from FY 2020). Net income: NT$10.4m (down 93% from FY 2020). Profit margin: 0.3% (down from 3.8% in FY 2020). Revenue missed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 26%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
Third quarter 2021 earnings released: NT$0.04 loss per share (vs NT$0.33 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$913.7m (down 21% from 3Q 2020). Net loss: NT$6.19m (down 112% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
Second quarter 2021 earnings released: NT$0.10 loss per share (vs NT$0.047 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$846.0m (up 52% from 2Q 2020). Net loss: NT$16.4m (down 306% from profit in 2Q 2020). 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 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 16
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 23 June 2021. Payment date: 16 July 2021. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.1%). Announcement • May 27
Excellence Optoelectronics Inc. Announces Cash Dividend for the Year of 2020, Payable on July 16, 2021 Excellence Optoelectronics Inc. announced Cash dividends to common shareholders TWD 122,978,849 (TWD 0.7 per share). Ex-rights (ex-dividend) record date is June 29, 2021. Cash dividend will be paid on July 16, 2021. Ex-rights (ex-dividend) trading date of June 23, 2021. Reported Earnings • May 13
First quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.32 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$983.5m (up 5.2% from 1Q 2020). Net income: NT$34.6m (down 37% from 1Q 2020). Profit margin: 3.5% (down from 5.9% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$27.00, the stock trades at a trailing P/E ratio of 31.9x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 37% over the past three years. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$0.85 (vs NT$1.21 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.78b (down 12% from FY 2019). Net income: NT$143.6m (down 30% from FY 2019). Profit margin: 3.8% (down from 4.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Announcement • Mar 21
Excellence Optoelectronics Inc., Annual General Meeting, Jun 07, 2021 Excellence Optoelectronics Inc., Annual General Meeting, Jun 07, 2021. Is New 90 Day High Low • Mar 05
New 90-day low: NT$30.50 The company is down 8.0% from its price of NT$33.30 on 04 December 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 18% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: NT$31.70 The company is down 5.0% from its price of NT$33.25 on 16 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 15
Third quarter 2020 earnings released: EPS NT$0.33 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.15b (up 7.6% from 3Q 2019). Net income: NT$54.0m (down 15% from 3Q 2019). Profit margin: 4.7% (down from 5.9% 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 17% per year whereas the company’s share price has increased by 16% per year.