Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$79.60, the stock trades at a trailing P/E ratio of 37.9x. Average forward P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 14% over the past three years. New Risk • Jul 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 9.5% 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: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 10x cash flows per share). Share price has been volatile over the past 3 months (9.5% average weekly change). Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$102, the stock trades at a trailing P/E ratio of 48.3x. Average forward P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 52% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 23 July 2026. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.8%). Higher than average of industry peers (1.0%). Declared Dividend • Jun 06
Dividend reduced to NT$1.50 Dividend of NT$1.50 is 25% lower than last year. Ex-date: 25th June 2026 Payment date: 23rd July 2026 Dividend yield will be 1.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (dividend approximately 10x free cash flows). The dividend has increased 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 21% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.8% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$89.60, the stock trades at a trailing P/E ratio of 42.6x. Average forward P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 38% over the past three years. Reported Earnings • May 12
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.43 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.43 in 1Q 2025). Revenue: NT$1.36b (up 1.6% from 1Q 2025). Net income: NT$102.1m (up 133% from 1Q 2025). Profit margin: 7.5% (up from 3.3% in 1Q 2025). The increase in margin was primarily driven by lower expenses. 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 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$67.80, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 5.9% over the past three years. Announcement • Mar 10
Jih Lin Technology Co., Ltd., Annual General Meeting, Jun 23, 2026 Jih Lin Technology Co., Ltd., Annual General Meeting, Jun 23, 2026, at 10:00 Taipei Standard Time. Location: 7 floor no,58, chung yang rd., nanzih district, kaohsiung city Taiwan New Risk • Mar 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.9% Last year net profit margin: 5.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (108% payout ratio). Profit margins are more than 30% lower than last year (2.9% net profit margin). Reported Earnings • Mar 10
Full year 2025 earnings released: EPS: NT$1.53 (vs NT$2.52 in FY 2024) Full year 2025 results: EPS: NT$1.53 (down from NT$2.52 in FY 2024). Revenue: NT$5.35b (up 6.4% from FY 2024). Net income: NT$156.2m (down 39% from FY 2024). Profit margin: 2.9% (down from 5.1% 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 22% per year whereas the company’s share price has fallen by 18% per year. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$0.55 (vs NT$0.062 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.55 (up from NT$0.062 in 3Q 2024). Revenue: NT$1.40b (up 4.0% from 3Q 2024). Net income: NT$55.9m (up NT$49.6m from 3Q 2024). Profit margin: 4.0% (up from 0.5% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 29% 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 09
Second quarter 2025 earnings released: EPS: NT$0.03 (vs NT$1.06 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.03 (down from NT$1.06 in 2Q 2024). Revenue: NT$1.35b (up 6.8% from 2Q 2024). Net income: NT$2.83m (down 97% from 2Q 2024). Profit margin: 0.2% (down from 8.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Declared Dividend • Jun 13
Dividend of NT$2.00 announced Shareholders will receive a dividend of NT$2.00. Ex-date: 1st July 2025 Payment date: 25th July 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.43 (vs NT$0.55 in 1Q 2024) First quarter 2025 results: EPS: NT$0.43 (down from NT$0.55 in 1Q 2024). Revenue: NT$1.34b (up 13% from 1Q 2024). Net income: NT$43.7m (down 22% from 1Q 2024). Profit margin: 3.3% (down from 4.8% 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 34% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Apr 30
Jih Lin Technology Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 Jih Lin Technology Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Buy Or Sell Opportunity • Apr 10
Now 27% overvalued Over the last 90 days, the stock has fallen 17% to NT$41.55. The fair value is estimated to be NT$32.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 36%. 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$41.75, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 50% over the past three years. Announcement • Mar 14
Jih Lin Technology Co., Ltd., Annual General Meeting, Jun 25, 2025 Jih Lin Technology Co., Ltd., Annual General Meeting, Jun 25, 2025, at 10:00 Taipei Standard Time. Location: 7 floor no,58, chung yang rd., nanzih district, kaohsiung city Taiwan Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: NT$2.52 (vs NT$1.75 in FY 2023) Full year 2024 results: EPS: NT$2.52 (up from NT$1.75 in FY 2023). Revenue: NT$5.03b (down 2.0% from FY 2023). Net income: NT$257.0m (up 44% from FY 2023). Profit margin: 5.1% (up from 3.5% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Mar 05
Jih Lin Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 Jih Lin Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.46 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.06 (down from NT$0.46 in 3Q 2023). Revenue: NT$1.35b (up 1.7% from 3Q 2023). Net income: NT$6.32m (down 87% from 3Q 2023). Profit margin: 0.5% (down from 3.5% 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 37% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$1.06 (vs NT$0.93 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.06 (up from NT$0.93 in 2Q 2023). Revenue: NT$1.26b (flat on 2Q 2023). Net income: NT$107.8m (up 14% from 2Q 2023). Profit margin: 8.5% (up from 7.5% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Aug 02
Jih Lin Technology Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Jih Lin Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Buy Or Sell Opportunity • Jul 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to NT$62.90. The fair value is estimated to be NT$80.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21%. Upcoming Dividend • Jul 02
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 09 July 2024. Payment date: 02 August 2024. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.0%). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: NT$0.55 (vs NT$0.14 in 1Q 2023) First quarter 2024 results: EPS: NT$0.55 (up from NT$0.14 in 1Q 2023). Revenue: NT$1.19b (down 7.6% from 1Q 2023). Net income: NT$56.4m (up 287% from 1Q 2023). Profit margin: 4.8% (up from 1.1% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • May 01
Jih Lin Technology Co., Ltd. to Report Q1, 2024 Results on May 07, 2024 Jih Lin Technology Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024 Reported Earnings • Mar 10
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: NT$1.75 (down from NT$4.08 in FY 2022). Revenue: NT$5.13b (down 18% from FY 2022). Net income: NT$178.6m (down 57% from FY 2022). Profit margin: 3.5% (down from 6.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 59%. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Announcement • Mar 09
Jih Lin Technology Co., Ltd., Annual General Meeting, Jun 21, 2024 Jih Lin Technology Co., Ltd., Annual General Meeting, Jun 21, 2024. Location: No.58, Jhong Yang Rd., Nanzih Dist.Kaohsiung City the conference room on the 7th floor of JLT Operation Kaohsiung Taiwan Agenda: To consider Business report for 2023; to Audit Committee’s review report on the 2023 financial statements; to Distribution of compensation to employees and remuneration to directors in 2023; to Payment of director's remuneration for the year 2023; to Cash dividends for distribution of 2023 earnings; to Cash distribution from capital surplus; to The 2023 business report and financial statements; to The Proposal for Distribution of 2023 earnings; to Case of lifting restrictions on non-compete clause for a new director; and to consider other matters if any. Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: NT$0.46 (down from NT$1.02 in 3Q 2022). Revenue: NT$1.33b (down 17% from 3Q 2022). Net income: NT$46.7m (down 55% from 3Q 2022). Profit margin: 3.5% (down from 6.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 64%. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year. New Risk • Aug 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 7.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (149% payout ratio). Profit margins are more than 30% lower than last year (4.3% net profit margin). Reported Earnings • Aug 09
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: NT$0.93 (down from NT$1.69 in 2Q 2022). Revenue: NT$1.26b (down 25% from 2Q 2022). Net income: NT$94.8m (down 45% from 2Q 2022). Profit margin: 7.5% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 25% per year. Upcoming Dividend • Jun 27
Upcoming dividend of NT$3.50 per share at 4.7% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 28 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Reported Earnings • May 11
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: NT$0.14 (down from NT$1.12 in 1Q 2022). Revenue: NT$1.28b (down 20% from 1Q 2022). Net income: NT$14.6m (down 87% from 1Q 2022). Profit margin: 1.1% (down from 7.1% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 74%. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: NT$4.08 (down from NT$4.82 in FY 2021). Revenue: NT$6.27b (flat on FY 2021). Net income: NT$416.7m (down 11% from FY 2021). Profit margin: 6.6% (down from 7.4% in FY 2021). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$92.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$71.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: NT$1.02 (down from NT$1.15 in 3Q 2021). Revenue: NT$1.61b (flat on 3Q 2021). Net income: NT$103.9m (down 5.7% from 3Q 2021). Profit margin: 6.5% (down from 6.8% in 3Q 2021). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 4.2% 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, earnings per share has increased by 38% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 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. 6 experienced directors. No highly experienced directors. 1 independent director (3 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 13
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: NT$1.02 (down from NT$1.15 in 3Q 2021). Revenue: NT$1.61b (flat on 3Q 2021). Net income: NT$103.9m (down 5.7% from 3Q 2021). Profit margin: 6.5% (down from 6.8% in 3Q 2021). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 4.2% 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, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% 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 15% share price decline to NT$63.90, the stock trades at a trailing P/E ratio of 13.1x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$101 per share. Buying Opportunity • Aug 23
Now 20% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be NT$105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 28%. Reported Earnings • Aug 15
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: NT$1.69 (up from NT$1.55 in 2Q 2021). Revenue: NT$1.68b (up 2.7% from 2Q 2021). Net income: NT$172.2m (up 18% from 2Q 2021). Profit margin: 10% (up from 8.9% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 10%. Over the next year, revenue is forecast to grow 12%, compared to a 20% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$78.00, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$43.14 per share. Upcoming Dividend • Jul 05
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 12 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.0%). Reported Earnings • May 06
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$1.12. Revenue: NT$1.60b (up 10% from 1Q 2021). Net income: NT$114.5m (up 1.7% from 1Q 2021). Profit margin: 7.1% (down from 7.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 10%, compared to a 24% growth forecast for the industry in Taiwan. 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. 6 experienced directors. No highly experienced directors. 1 independent director (3 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 10
Third quarter 2021 earnings released: EPS NT$1.15 (vs NT$0.21 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.62b (up 62% from 3Q 2020). Net income: NT$110.2m (up 448% from 3Q 2020). Profit margin: 6.8% (up from 2.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$1.15 (vs NT$0.21 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.62b (up 62% from 3Q 2020). Net income: NT$110.2m (up 448% from 3Q 2020). Profit margin: 6.8% (up from 2.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 18% share price gain to NT$134, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 20% share price gain to NT$109, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorated over the past week After last week's 23% share price decline to NT$98.50, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 52% 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 28% share price gain to NT$129, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 87% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$1.54 (vs NT$0.31 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.64b (up 48% from 2Q 2020). Net income: NT$145.7m (up 401% from 2Q 2020). Profit margin: 8.9% (up from 2.6% 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 38% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 27
Upcoming dividend of NT$2.41 per share Eligible shareholders must have bought the stock before 03 August 2021. Payment date: 27 August 2021. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 16% share price gain to NT$114, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 16% share price gain to NT$94.80, the stock trades at a trailing P/E ratio of 39.2x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improved over the past week After last week's 18% share price gain to NT$75.20, the stock trades at a trailing P/E ratio of 31.1x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 4.4% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$61.40, the stock trades at a trailing P/E ratio of 25.5x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total loss to shareholders of 12% over the past three years. Reported Earnings • May 04
First quarter 2021 earnings released: EPS NT$1.20 (vs NT$0.15 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.45b (up 50% from 1Q 2020). Net income: NT$112.5m (up NT$98.8m from 1Q 2020). Profit margin: 7.7% (up from 1.4% 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 47% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS NT$1.37 (vs NT$2.46 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.35b (down 2.5% from FY 2019). Net income: NT$129.0m (down 41% from FY 2019). Profit margin: 3.0% (down from 4.9% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 46% 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. Is New 90 Day High Low • Dec 25
New 90-day high: NT$70.10 The company is up 63% from its price of NT$43.00 on 25 September 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 24% over the same period. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 19% share price gain to NT$66.30, the stock is trading at a trailing P/E ratio of 76.4x, up from the previous P/E ratio of 64.2x. This compares to an average P/E of 25x in the Semiconductor industry in Taiwan. Total return to shareholders over the past three years is a loss of 2.7%. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 21% share price gain to NT$67.90, the stock is trading at a trailing P/E ratio of 78.3x, up from the previous P/E ratio of 64.8x. This compares to an average P/E of 25x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Dec 07
New 90-day high: NT$61.80 The company is up 45% from its price of NT$42.65 on 08 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 21% over the same period. Reported Earnings • Nov 10
Third quarter 2020 earnings released: EPS NT$0.21 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$996.2m (down 11% from 3Q 2019). Net income: NT$20.1m (down 63% from 3Q 2019). Profit margin: 2.0% (down from 4.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 05
New 90-day high: NT$47.90 The company is up 14% from its price of NT$42.15 on 07 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 1.0% over the same period.