Reported Earnings • May 16
First quarter 2026 earnings released: NT$0.96 loss per share (vs NT$0.20 loss in 1Q 2025) First quarter 2026 results: NT$0.96 loss per share (further deteriorated from NT$0.20 loss in 1Q 2025). Revenue: NT$160.0m (down 62% from 1Q 2025). Net loss: NT$75.3m (loss widened 367% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • Mar 09
Fittech Co., Ltd., Annual General Meeting, Jun 12, 2026 Fittech Co., Ltd., Annual General Meeting, Jun 12, 2026. New Risk • Nov 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 50% per year over the past 5 years. Reported Earnings • Nov 18
Third quarter 2025 earnings released: NT$0.28 loss per share (vs NT$1.36 loss in 3Q 2024) Third quarter 2025 results: NT$0.28 loss per share (improved from NT$1.36 loss in 3Q 2024). Revenue: NT$108.1m (down 49% from 3Q 2024). Net loss: NT$22.0m (loss narrowed 78% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$3.20 loss per share (vs NT$1.67 loss in 2Q 2024) Second quarter 2025 results: NT$3.20 loss per share (further deteriorated from NT$1.67 loss in 2Q 2024). Revenue: NT$249.9m (up 48% from 2Q 2024). Net loss: NT$251.5m (loss widened 105% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.21 loss per share (vs NT$0.98 loss in 1Q 2024) First quarter 2025 results: NT$0.21 loss per share (improved from NT$0.98 loss in 1Q 2024). Revenue: NT$420.3m (up 134% from 1Q 2024). Net loss: NT$16.1m (loss narrowed 78% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • May 01
Fittech Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Fittech Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Reported Earnings • Mar 21
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: NT$4.29 loss per share (improved from NT$5.13 loss in FY 2023). Revenue: NT$927.9m (down 30% from FY 2023). Net loss: NT$317.6m (loss narrowed 16% from FY 2023). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 59%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Mar 10
Fittech Co., Ltd., Annual General Meeting, Jun 13, 2025 Fittech Co., Ltd., Annual General Meeting, Jun 13, 2025. Location: no,3, kung yeh ou rd., hsieh huo li, hsi tun district, taichung city Taiwan Announcement • Feb 28
Fittech Co., Ltd. to Report Q4, 2024 Results on Mar 07, 2025 Fittech Co., Ltd. announced that they will report Q4, 2024 results on Mar 07, 2025 New Risk • Jan 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Reported Earnings • Nov 12
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: NT$1.36 loss per share (further deteriorated from NT$0.11 loss in 3Q 2023). Revenue: NT$213.0m (down 22% from 3Q 2023). Net loss: NT$100.2m (loss widened NT$92.3m from 3Q 2023). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 116%. Revenue is forecast to grow 108% 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, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Oct 25
Fittech Co.,Ltd to Report Q3, 2024 Results on Nov 01, 2024 Fittech Co.,Ltd announced that they will report Q3, 2024 results on Nov 01, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$1.67 loss per share (vs NT$1.05 loss in 2Q 2023) Second quarter 2024 results: NT$1.67 loss per share (further deteriorated from NT$1.05 loss in 2Q 2023). Revenue: NT$169.0m (down 58% from 2Q 2023). Net loss: NT$122.9m (loss widened 60% from 2Q 2023). Revenue is forecast to grow 88% 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, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Aug 03
Fittech Co.,Ltd announced that it expects to receive TWD 550 million in funding Fittech Co.,Ltd announced a private placement to issue 5,000,000 common shares at an issue price of TWD 10 per share for the gross proceeds of TWD 50,000,000 and Series 7 Domestic Unsecured Convertible Bonds for the gross proceeds of TWD 500,000,000; aggregate gross proceeds of TWD 550,000,000 on August 2, 2024. The transaction has been approved by shareholders of company.
Series 7 Bonds - The bonds bear zero coupon rate and matures after 3 years, Announcement • Jul 27
Fittech Co.,Ltd to Report Q2, 2024 Results on Aug 02, 2024 Fittech Co.,Ltd announced that they will report Q2, 2024 results on Aug 02, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.98 loss per share (vs NT$0.78 loss in 1Q 2023) First quarter 2024 results: NT$0.98 loss per share (further deteriorated from NT$0.78 loss in 1Q 2023). Revenue: NT$179.7m (down 55% from 1Q 2023). Net loss: NT$71.9m (loss widened 25% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% 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 • May 03
Fittech Co.,Ltd to Report Q1, 2024 Results on May 10, 2024 Fittech Co.,Ltd announced that they will report Q1, 2024 results on May 10, 2024 Reported Earnings • Apr 02
Full year 2023 earnings released: NT$5.13 loss per share (vs NT$12.66 profit in FY 2022) Full year 2023 results: NT$5.13 loss per share (down from NT$12.66 profit in FY 2022). Revenue: NT$1.33b (down 70% from FY 2022). Net loss: NT$377.2m (down 141% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 35% per year. Announcement • Mar 08
Fittech Co.,Ltd, Annual General Meeting, Jun 14, 2024 Fittech Co.,Ltd, Annual General Meeting, Jun 14, 2024. Location: No.3, Gongyequ 35th Rd., Xitun Dist., Taichung City Taiwan Agenda: To consider the 2023 business report; to consider Audit Committees review report; and to consider the 2023 employees profit sharing and directors compensation. Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: NT$1.05 loss per share (down from NT$4.25 profit in 2Q 2022). Revenue: NT$406.8m (down 72% from 2Q 2022). Net loss: NT$76.9m (down 125% from profit in 2Q 2022). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 20
Upcoming dividend of NT$3.50 per share at 4.6% yield Eligible shareholders must have bought the stock before 27 July 2023. Payment date: 16 August 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Reported Earnings • Apr 01
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: NT$12.66 (down from NT$13.98 in FY 2021). Revenue: NT$4.46b (down 22% from FY 2021). Net income: NT$930.7m (down 6.9% from FY 2021). Profit margin: 21% (up from 18% in FY 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Nov 24
Consensus revenue estimates fall by 24% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$5.94b to NT$4.50b. EPS estimate fell from NT$15.33 to NT$12.69 per share. Net income forecast to shrink 50% next year vs 13% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$131 to NT$117. Share price was steady at NT$90.40 over the past week. Price Target Changed • Nov 16
Price target decreased to NT$131 Down from NT$151, the current price target is an average from 3 analysts. New target price is 47% above last closing price of NT$88.90. Stock is down 59% over the past year. The company is forecast to post earnings per share of NT$13.48 for next year compared to NT$13.98 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Shijie Lin 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 13
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: NT$3.33 (down from NT$4.46 in 3Q 2021). Revenue: NT$786.3m (down 48% from 3Q 2021). Net income: NT$245.0m (down 24% from 3Q 2021). Profit margin: 31% (up from 21% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 55%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 7.7% 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 53% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Nov 08
Consensus revenue estimates fall by 17% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$5.77b to NT$4.78b. EPS estimate fell from NT$16.02 to NT$13.48 per share. Net income forecast to shrink 12% next year vs 7.2% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$151 to NT$131. Share price rose 5.2% to NT$84.70 over the past week. Major Estimate Revision • Aug 12
Consensus revenue estimates fall by 19% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$7.09b to NT$5.77b. EPS estimate fell from NT$17.05 to NT$13.91 per share. Net income forecast to shrink 15% next year vs 2.0% growth forecast for Semiconductor industry in Taiwan . Consensus price target down from NT$174 to NT$151. Share price rose 4.9% to NT$117 over the past week. Reported Earnings • Aug 07
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: NT$4.25 (up from NT$2.57 in 2Q 2021). Revenue: NT$1.47b (up 6.6% from 2Q 2021). Net income: NT$312.4m (up 68% from 2Q 2021). Profit margin: 21% (up from 13% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 24%. Over the next year, revenue is forecast to grow 16%, compared to a 21% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 21
Upcoming dividend of NT$10.00 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 17 August 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.7%). Price Target Changed • Jul 02
Price target decreased to NT$174 Down from NT$197, the current price target is an average from 3 analysts. New target price is 47% above last closing price of NT$118. Stock is down 32% over the past year. The company is forecast to post earnings per share of NT$17.05 for next year compared to NT$13.98 last year. Buying Opportunity • Jun 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be NT$200, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 15% in a year. Earnings is forecast to grow by 7.4% in the next year. Price Target Changed • May 14
Price target decreased to NT$207 Down from NT$275, the current price target is an average from 2 analysts. New target price is 34% above last closing price of NT$154. Stock is up 8.1% over the past year. The company is forecast to post earnings per share of NT$17.27 for next year compared to NT$13.98 last year. Reported Earnings • May 09
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: NT$5.18 (up from NT$2.49 in 1Q 2021). Revenue: NT$1.82b (up 53% from 1Q 2021). Net income: NT$380.8m (up 122% from 1Q 2021). Profit margin: 21% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 19%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 34% per year. 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. 9 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Shijie Lin 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. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 15% share price gain to NT$255, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 447% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$184 per share. Price Target Changed • Dec 09
Price target increased to NT$280 Up from NT$262, the current price target is an average from 4 analysts. New target price is 28% above last closing price of NT$219. Stock is up 32% over the past year. The company is forecast to post earnings per share of NT$13.05 for next year compared to NT$5.12 last year. Major Estimate Revision • Dec 09
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from NT$11.85 to NT$13.05. Revenue forecast steady at NT$5.67b. Net income forecast to grow 44% next year vs 30% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$262 to NT$273. Share price rose 6.6% to NT$219 over the past week. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$4.46 (vs NT$1.17 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.51b (up 138% from 3Q 2020). Net income: NT$321.9m (up 310% from 3Q 2020). Profit margin: 21% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Price Target Changed • Nov 07
Price target increased to NT$262 Up from NT$243, the current price target is an average from 3 analysts. New target price is 18% above last closing price of NT$222. Stock is up 54% over the past year. The company is forecast to post earnings per share of NT$12.35 for next year compared to NT$5.12 last year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 16% share price gain to NT$199, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 41% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$172 per share. Upcoming Dividend • Sep 22
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 13 October 2021. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (2.1%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$2.57 (vs NT$0.65 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.38b (up 84% from 2Q 2020). Net income: NT$185.5m (up 326% from 2Q 2020). Profit margin: 13% (up from 5.8% in 2Q 2020). The increase in margin was driven by higher revenue. Price Target Changed • Jul 30
Price target increased to NT$252 Up from NT$228, the current price target is an average from 3 analysts. New target price is 21% above last closing price of NT$208. Stock is up 36% over the past year. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 20% share price gain to NT$207, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 37% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$156 per share. Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$2.49 (vs NT$1.04 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.18b (up 32% from 1Q 2020). Net income: NT$171.3m (up 146% from 1Q 2020). Profit margin: 14% (up from 7.8% in 1Q 2020). The increase in margin was driven by higher revenue. Price Target Changed • May 12
Price target decreased to NT$228 Down from NT$255, the current price target is an average from 3 analysts. New target price is 55% above last closing price of NT$147. Stock is up 7.7% over the past year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 19% share price gain to NT$216, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 172% over the past year. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$5.12 (vs NT$5.19 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$3.16b (down 15% from FY 2019). Net income: NT$342.8m (up 8.4% from FY 2019). Profit margin: 11% (up from 8.5% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Nov 27
New 90-day high: NT$175 The company is up 14% from its price of NT$154 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 15% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.17 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$636.9m (down 27% from 3Q 2019). Net income: NT$78.6m (up 42% from 3Q 2019). Profit margin: 12% (up from 6.3% in 3Q 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Oct 16
New 90-day low: NT$133 The company is down 11% from its price of NT$149 on 17 July 2020. The Taiwanese market is up 5.0% 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.