Declared Dividend • Jun 17
Dividend increased to NT$4.45 Dividend of NT$4.45 is 101% higher than last year. Ex-date: 1st July 2026 Payment date: 27th July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (22% 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 9.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 51% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 13
Apacer Launches GraTherX Thermal Solution For DDR5 Modules Apacer has introduced GraTherX, an industrial-grade memory cooling technology aimed at addressing thermal challenges in high-speed DDR5 modules, particularly in fanless and space-constrained systems. As demand for DDR5 continues to grow alongside AI applications, increasing thermal density and power consumption have raised concerns over system stability. According to the company, testing under high-load conditions shows that DDR5 modules equipped with GraTherX can achieve temperature reductions of up to 23.4°C, compared with the typical 3–5°C improvement seen in conventional cooling solutions. The design also improves heat dissipation across both sides of the module, helping maintain stable operation over extended periods. In fanless industrial environments, the rear side of memory modules often experiences limited airflow due to its proximity to the motherboard, making it more susceptible to localized heat buildup. GraTherX addresses this issue through a dual-sided heat conduction structure that transfers heat from rear-side components to the front, where it can be more effectively dissipated. The technology incorporates a multilayer thermal design using copper and graphene materials to enhance both heat conduction and spreading. An added insulation layer is intended to prevent direct contact with surrounding components, supporting electrical safety and long-term reliability. The solution is also designed with a thickness of 0.17 mm, allowing integration into existing DDR5 platforms without significant design changes. In validation tests conducted under natural convection conditions, module temperatures were reduced from 82.7°C to 59.3°C. Temperature variation between the front and back sides was also narrowed to below 0.8°C, indicating improved thermal uniformity. Based on reliability modeling, Apacer estimates that the technology can increase mean time between failures (MTBF) by approximately 2.7 times, although actual performance may vary depending on system configuration and operating conditions. GraTherX will be rolled out across Apacer's industrial DDR5 product portfolio, covering both ECC and non-ECC modules. It is optimized for diverse applications, including industrial PCs, edge AI systems, smart surveillance, and in-vehicle computing platforms. Samples will be available in the second quarter, with mass production to follow. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$210, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 44x in the Semiconductor industry in Taiwan. Total returns to shareholders of 299% over the past three years. 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$261, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 44x in the Semiconductor industry in Taiwan. Total returns to shareholders of 527% over the past three years. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to NT$223, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 44x in the Semiconductor industry in Taiwan. Total returns to shareholders of 402% over the past three years. Reported Earnings • Apr 17
First quarter 2026 earnings released: EPS: NT$14.00 (vs NT$0.72 in 1Q 2025) First quarter 2026 results: EPS: NT$14.00 (up from NT$0.72 in 1Q 2025). Revenue: NT$7.04b (up 244% from 1Q 2025). Net income: NT$1.86b (up NT$1.77b from 1Q 2025). Profit margin: 26% (up from 4.5% 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 39% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to NT$142, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 38x in the Semiconductor industry in Taiwan. Total returns to shareholders of 219% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$132, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 213% over the past three years. Announcement • Mar 06
Apacer Technology Inc. Launches Industrial Grade Storage Solutions Compatible with Raspberry Pi Platforms Apacer Technology Inc. unveiled its latest lineup of storage solutions designed to be fully compatible with Raspberry Pi platforms. This new range, featuring industrial microSD cards, PCIe SSDs, and the innovative PT25R-Pi HAT SSD, is engineered to support enterprise users in adopting the Raspberry Pi platform as a reliable alternative for industrial PC (IPC) applications. Apacer's specialty SSDs are rigorously tested for compatibility with Raspberry Pi platforms, including the latest models supporting microSD card and PCIe interfaces. A highlight of this release is the PT25R-Pi HAT SSD, explicitly designed to be compatible with the Raspberry Pi 5. Apacer has redefined industrial storage by creating a true all-in-one storage solution. The PT25R-Pi HAT SSD addresses space and deployment challenges in Edge AI and industrial Raspberry Pi applications by integrating the SSD directly into the HAT form factor. This all-in-one design eliminates the need for additional mounting components or separate storage devices, significantly reducing system footprint, assembly complexity, and overall hardware costs—making it an ideal solution for compact, space-constrained Edge AI systems. The PT25R-Pi HAT SSD features a QVL-certified, hassle-free bill of materials (BOM) to ensure consistent quality, minimize integration risks, and reduce RMA and procurement efforts for system integrators. In addition, the PT25R-Pi HAT SSD supports Apacer's value-added technology, CoreSnapshot 2, enabling remote backup and recovery—an essential capability for managing distributed Raspberry Pi–based Edge AI devices in industrial environments. This feature allows rapid data restoration in the event of system failure, significantly lowering maintenance costs and improving system reliability. The series also supports one-touch backup and recovery via a dedicated hardware button, providing a simple, efficient, and reliable data protection mechanism for mission-critical Edge AI applications. Announcement • Mar 03
Apacer Showcases Storage Solutions For Embedded AI at Embedded World 2026 Apacer presented its latest industrial storage solutions for the intensive workloads caused by embedded AI. The Enterprise SSD series for edge and cloud servers as well as mid-sized data centers has successfully passed multiple server test patterns. It is fully compliant to Windows 11, Windows Server, and the latest Linux kernels. Thanks to modern flash technology with PCIe Gen5 x4 interface, the Enterprise SSD series offers capacities of up to 30 TB. Apacer's enhanced DDR5 6400 memory lineup, including CUDIMM, CSODIMM, and REG DIMM, features advanced clock drivers to optimize timing and signal integrity. Additionally, built-in Transient Voltage Suppressors (TVS) provide robust protection against voltage surges and electrostatic discharge (ESD), making them the ideal choice for HPC and AI applications. For the efficient and reliable implementation of Raspberry Pi projects, Apacer will be showing compatible storage solutions, such as microSD cards from 64 GB. The products are QVL-certified for Raspberry Pi 3, 4 and 5. With the new Apacer Pi HAT SSD, Apacer presents an innovative design that replaces the original Pi-HAT adapter. It allows users to save on additional storage hardware and at the same time benefit from patented Apacer technologies such as CoreSnapshot 2. All of Apacer's industrial DRAMs, as well as the PV250-M280 SSD, are fully lead-free compliant with the EU RoHS Directive. This is achieved by using a completely lead-free resistor design and low-temperature solder paste in combination with underfill technology in the SMT process. CoreVolt 2 technology protects data and devices by providing real-time voltage detection and stabilization of SSDs. In the event of voltage fluctuations, it automatically activates a backup power supply with tantalum polymer capacitors, thus ensuring uninterrupted operation. CoreEnergy technology combines high performance and energy efficiency with application-specific SSD power management. With a hardware-software co-design, it offers several preset energy modes from which users can choose the optimal balance of performance and energy efficiency based on their application requirements to effectively reduce power consumption and avoid overheating. Announcement • Feb 26
Apacer Technology Inc., Annual General Meeting, May 28, 2026 Apacer Technology Inc., Annual General Meeting, May 28, 2026. Location: 1 floor no,32, chung ch`eng rd., tucheng district, new taipei city Taiwan Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: NT$6.70 (vs NT$2.18 in FY 2024) Full year 2025 results: EPS: NT$6.70 (up from NT$2.18 in FY 2024). Revenue: NT$11.1b (up 42% from FY 2024). Net income: NT$859.9m (up 208% from FY 2024). Profit margin: 7.7% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Announcement • Feb 11
Apacer Delivers Comprehensive SSD Power Solutions Ensuring Stability, Efficiency, and Data Integrity in the AIra Apacer continues to enhance SSD reliability and efficiency through its CoreVolt 2 and CoreEngergy technologies. Specifically designed to address the growing challenges of power instability and energy efficiency in embedded and industrial environments, these technologies ensure stable SSD operation while achieving an optimal balance between power consumption and performance under real-world conditions. Apacer CoreVolt 2, recipient of the Embedded Best in Show Award, is a next-generation SSD power protection technology engineered to safeguard SSDs against voltage fluctuations. Through real-time voltage monitoring and automatic regulation, CoreVolt 2 detects abnormal power conditions and immediately activates backup power supplied by tantalum polymer capacitors. This stabilizes voltage delivery to the SSD, prevents data corruption, and ensures uninterrupted operation during power disturbances. CoreVolt 2 is purpose-built for mission-critical SSD applications, making it ideal for industrial computing, aerospace, transportation, robotics, and other environments where power instability and system downtime are unacceptable. Apacer CoreEnergy, recognized with the EE Awards and the Embedded Best in Show Award, addresses SSD power consumption challenges through multiple selectable energy modes that enable effective power savings without compromising performance or stability. Users can configure power settings via an intuitive software interface or hardware DIP switch, while the Advanced Energy Mode allows fine-grained power adjustments beyond default configurations. By optimizing SSD power behavior, CoreEnergy reduces energy consumption by up to 67% while also minimizing thermal output. This makes it especially suitable for low-power, fan-less systems as well as demanding industrial deployments that require both efficiency and reliability. Together, CoreEnergy and CoreVolt 2 form a comprehensive SSD power solution portfolio—combining power efficiency, thermal control, and power protection to address the most critical power-related challenges in modern embedded storage systems. With these technologies, Apacer helps system designers achieve higher SSD reliability, longer service life, and stable operation across a wide range of industrial and Edge AI applications. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$124, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 217% over the past three years. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$132, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 264% over the past three years. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to NT$123, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 236% over the past three years. Announcement • Nov 07
Apacer to Showcase Its Latest Innovations At Embeddedworld North America 2025 Apacer will showcase its latest innovations at embeddedworld North America 2025. Visitors will explore Apacer's advancements in power stabilization, energy efficiency, performance optimization, sustainable fully lead-free design, and high-performance memory modules, all integrated to create a comprehensive ecosystem for embedded applications. Empower Efficiency and Fully Lead-Free SSD 2. DDR5 CUDIMM and CSODIMM Empower Efficiency - CoreEnergy Technology offers intelligent SSD power management tailored to diverse operational needs. It reduces power consumption by up to 67%, prevents overheating, and allows flexible configuration through software or DIP switch. CoreEnergy provides an ideal balance between performance and energy conservation, enabling greener, more efficient embedded systems. Complementing this is CoreVolt 2, a real-time voltage detection and protection technology. When voltage fluctuations occur, its built-in tantalum polymer capacitors provide instant backup power, preventing data loss and ensuring continuous operation even in harsh industrial environments. Apacer'sPV250-M280 Fully Lead-Free SSD demonstrates its sustainable design commitment. Built with fully lead-free resistors, low-temperature soldering and underfill technology, this PCIe Gen4 x4 M.2 2280 form-factor drive delivers high throughput (up to 3300 MB/s read, 3020 MB/s write) while minimizing environmental impact. Ideal for Factory Automation, Healthcare, Server & Networking and mission-critical embedded systems. Apacer'sDDR5 memory modules feature advanced architecture that enhances bandwidth, signal integrity, and responsiveness, accelerating data processing for industrial and AI-driven applications. From intelligent power management to next-generation memory design, Apacer continues to empower embedded innovation through superior technology and sustainable engineering. Meet experts at Booth No. 3057 and discover how Apacer's innovations can accelerate embedded success. New Risk • Oct 15
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 6.7% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$85.00, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 153% over the past three years. Announcement • Sep 04
Apacer Launches Fully Lead-Free SSD & Coreenergy Apacer Technology Inc. announced the launch of the Fully Lead-free SSD, the PV250-M280, taking the lead in addressing opportunities in the green supply chain as the EU's RoHS exemptions near expiration. At the same time, Apacer unveiled its CoreEnergy power regulation technology, further aligning with global energy-saving and carbon-reduction trends, and enabling clients to gain an early advantage in sustainable development. The PV250-M280 is designed to mitigate future risks associated with the expiration of EU RoHS exemptions. By adopting fully lead-free resistors and utilizing low-temperature solder paste combined with underfill technology in the SMT (Surface Mount Technology) process, the SSD not only meets green product standards but also ensures outstanding performance and reliability. Additionally, it contributes to energy conservation, reduced power consumption, and lower material costs--providing enterprises with a sustainable upgrade option. CoreEnergy - Application-Aware SSD Power Management: With the rising demand for storage solutions that deliver both high performance and energy efficiency, Apacer's CoreEnergy introduces multiple preset energy modes through a hardware-software co-design. These modes allow users to select the optimal setting based on their application requirements, effectively reducing power consumption and preventing SSD overheating. CoreEnergy ensures reliable, continuous operation in fan-less devices, battery-powered systems, and 24/7 environments, addressing the critical need for energy-efficient storage across industries. Apacer's Fully Lead-free product portfolio now extends from DDR5 to SSDs, further integrated with its Core technologies--including power regulation, voltage stabilization, and snapshot backup--to comprehensively support ESG and sustainability goals. New Risk • Aug 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. High level of non-cash earnings (22% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.4% net profit margin). Reported Earnings • Jul 25
Second quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.69 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.02 (up from NT$0.69 in 2Q 2024). Revenue: NT$2.71b (up 44% from 2Q 2024). Net income: NT$130.6m (up 47% from 2Q 2024). Profit margin: 4.8% (up from 4.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 03
Upcoming dividend of NT$2.21 per share Eligible shareholders must have bought the stock before 09 July 2025. Payment date: 04 August 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.2%). Declared Dividend • Jun 19
Dividend reduced to NT$2.20 Dividend of NT$2.20 is 30% lower than last year. Ex-date: 9th July 2025 Payment date: 4th August 2025 Dividend yield will be 4.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio). However, it is well covered by cash flows (47% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. However, EPS has declined by 16% over the last 5 years so the company would need to reverse this trend. Announcement • May 05
Apacer Technology Inc. Powers the Future of AI and Green Computing with Next-Gen Storage Solutions at COMPUTEX 2025 Apacer Technology Inc. returns to the COMPUTEX main hall to showcase next-generation storage innovations that drive intelligent, sustainable, and high-performance computing -- and meet the evolving demands of enterprise and consumer markets alike. At Booth J1217a, Hall 1, Nangang Exhibition Center, Apacer will present a full product lineup featuring: CoreEnergy allows users to customize performance settings to meet the demands of power-sensitive applications. CoreVolt 2 utilizes real-time voltage detection and tantalum polymer capacitors to instantly stabilize power during fluctuations, ensuring uninterrupted SSD operation and data protection. New-generation BiCS 8 SSDs offer high capacity and lower power consumption. PT25R-Pi HAT SSD, a highly customized and Raspberry Pi-compatible solution, delivers advanced performance. A new fully lead-free SSD series designed in response to global ESG trends. The award-winning, eco-friendly AS712 Portable SSD with Essential Oil Diffuser incorporates recycled materials to support sustainability goals. PCIe Gen5 high-performance SSDs empower creators to redefine their user experience. With read/write speeds up to 810/700 MB/s, the high-speed microSD Express card is built for next-gen gameoles. The ASUS TUF co-branded NOX TUF RGB DDR5 delivers immersive, high-performance gaming experiences. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: NT$0.72 (vs NT$0.94 in 1Q 2024) First quarter 2025 results: EPS: NT$0.72 (down from NT$0.94 in 1Q 2024). Revenue: NT$2.05b (up 5.3% from 1Q 2024). Net income: NT$92.9m (down 21% from 1Q 2024). Profit margin: 4.5% (down from 6.0% 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 23% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 10
Apacer Technology Inc. to Report Q1, 2025 Results on Apr 17, 2025 Apacer Technology Inc. announced that they will report Q1, 2025 results on Apr 17, 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$39.20, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 4.1% over the past three years. Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: NT$2.18 (vs NT$4.51 in FY 2023) Full year 2024 results: EPS: NT$2.18 (down from NT$4.51 in FY 2023). Revenue: NT$7.84b (up 2.7% from FY 2023). Net income: NT$279.0m (down 50% from FY 2023). Profit margin: 3.6% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.2% to NT$51.70. The fair value is estimated to be NT$42.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 8.7%. Announcement • Feb 21
Apacer Technology Inc., Annual General Meeting, May 22, 2025 Apacer Technology Inc., Annual General Meeting, May 22, 2025. Location: 1 floor no,32, chung ch`eng rd., tucheng district, new taipei city Taiwan Announcement • Feb 13
Apacer Technology Inc. to Report Fiscal Year 2024 Results on Feb 20, 2025 Apacer Technology Inc. announced that they will report fiscal year 2024 results on Feb 20, 2025 Announcement • Nov 14
Apacer Technology Inc. Unveils NOX RGB DDR5 Gaming Memory for Pro Gamers Apacer Technology Inc. announced the official release of its NOX RGB DDR5 Gaming Memory, specially designed for the world's most demanding gamers and aesthetics. Engineered for unprecedented speed, stability, and stunning visual effects, the NOX RGB DDR5 is the ultimate upgrade for those seeking top-tier performance. Peak Performance Redefined With its overclocking capability reaching up to 8000MT/s, the NOX RGB DDR5 Gaming Memory is built to deliver cutting-edge performance in the most intense gaming environments. The inclusion of the latest overclocking technologies, such as Intel XMP 3.0 and AMD EXPO, makes it easier than ever for gamers to achieve peak performance with just a single click. Next-Level Cooling Power The NOX RGB DDR5 Gaming Memory features a low-profile design, standing at less than 44mm in height, providing ample space for even the most ambitious builds. Its aluminum alloy heat sink is engineered for maximum heat dissipation, keeping the memory cool during even the most demanding sessions. Key Features of Apacer's NOX RGB DDR5 Gaming Memory: Advanced Power Stability: Equipped with a Power Management Integrated Circuit (PMIC) for reliable and efficient power delivery. One-Click Overclocking: Supports both Intel's XMP 3.0 and AMD EXPO technologies, allowing easy overclocking with a single click. Ultra-Wide Angle RGB Lighting: Featuring Apacer's Ultra-Wide Angle RGB Lighting Diffuser Technology, the module provides customizable lighting with wide-angle diffusion, enhancing any gaming setup with dynamic RGB effects. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: NT$0.28 (vs NT$1.14 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.28 (down from NT$1.14 in 3Q 2023). Revenue: NT$1.90b (down 1.4% from 3Q 2023). Net income: NT$35.8m (down 74% from 3Q 2023). Profit margin: 1.9% (down from 7.3% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Oct 19
Apacer Technology Inc. to Report Q3, 2024 Results on Oct 28, 2024 Apacer Technology Inc. announced that they will report Q3, 2024 results on Oct 28, 2024 Buy Or Sell Opportunity • Sep 25
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to NT$52.30. The fair value is estimated to be NT$43.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Sep 06
Now 21% overvalued Over the last 90 days, the stock has fallen 22% to NT$52.50. The fair value is estimated to be NT$43.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Aug 13
Now 21% overvalued Over the last 90 days, the stock has fallen 19% to NT$52.10. The fair value is estimated to be NT$43.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years, while earnings per share has been flat. Announcement • Jul 18
Apacer Technology Inc. to Report Q2, 2024 Results on Jul 25, 2024 Apacer Technology Inc. announced that they will report Q2, 2024 results on Jul 25, 2024 Declared Dividend • Jun 14
Dividend reduced to NT$3.15 Dividend of NT$3.15 is 4.5% lower than last year. Ex-date: 2nd July 2024 Payment date: 25th July 2024 Dividend yield will be 4.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (78% 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 3.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 14
Apacer Technology Inc. Announces Cash Dividend, Payable on July 25, 2024 Apacer Technology Inc. announced cash Dividend of TWD 405,497,188 (TWD 3.15 per share). Ex-rights (ex-dividend) trading date: July 2, 2024. Ex-rights (ex-dividend) record date: July 8, 2024. Payment date of common stock cash dividend distribution: July 25, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 12, 2024. Announcement • Jun 01
Apacer Technology Inc. Appoints Chen, Ming-Ta as Vice Chairman Apacer Technology Inc. announced appointment of Chen, Ming-Ta, President of Apacer Technology Inc. as Vice Chairman. Effective date of the new appointment is May 31, 2024. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: NT$0.94 (vs NT$1.05 in 1Q 2023) First quarter 2024 results: EPS: NT$0.94 (down from NT$1.05 in 1Q 2023). Revenue: NT$1.95b (up 1.9% from 1Q 2023). Net income: NT$117.6m (down 8.4% from 1Q 2023). Profit margin: 6.0% (down from 6.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 07
Apacer Showcases the Latest in Backup and Recovery Technology at Automate 2024 Apacer announced that the company announced that the company has announced that the company has announced the latest developments in the AI field, and following in the wake of the world's recovery from COVID-19, the transition of factories to partial or full automation proceeds with unstoppable momentum. And the best place to learn about the latest technologies that aim to make this transition as painless as possible is at Automate 2024. This is North America's largest robotics and automation event, and it will be held in Chicago, Illinois from May 6 to 9. Automate attracts professionals from around the world, and Apacer is no exception. Apacer team will be on hand to discuss the latest technological developments created by company experienced R&D team. Many of these developments were specifically created to reduce the pain points commonly experienced by fully automated facilities. Take CoreSnapshot, for example. This backup and recovery technology can restore a crash system to full operation in just a few seconds, reducing downtime and associated maintenance costs. Apacer recently updated CoreSnapshot, creating CoreRescue ASR and CoreRescue USR. The name of CoreRescue ASR refers to Auto Self Recovery. This technology will harness AI to learn the system booting process and analyze how long a boot should take. If this average boot time is significantly longer than usual, the system will trigger the self-recovery process and revert to an earlier, uncor disrupted version of the drive's content. CoreRescue USR offers similar functionality, except the self-reco recovery process is triggered by connecting a small USB stick drive. Other value-adding technologies will be on display at Automate as well. These include anti-sulfuration protection, which is invaluable to factories located in areas with large amounts of sulfur in the air, and SLC-liteX, which allows a customer to select the ideal tradeoff between drive capacity and endurance that meets their specific needs. In fact, SLC-liteX can even deliver up to 100,000 P/E cycles upon request. Automate attendees will be able to check out Apacer's wide range of eMMCs, as well as new large-capacity PCIe M.2 2280 4TB (with wide temperature operation) and 8TB SSDs. Announcement • Apr 19
Apacer Technology Inc. to Report Q1, 2024 Results on Apr 17, 2024 Apacer Technology Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on Apr 17, 2024 New Risk • Mar 21
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 6.2% 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 Dividend is not well covered by cash flows (123% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Announcement • Mar 12
Apacer Demonstrates Healthcare-Optimized Solutions At HIMSS HIMSS is one of the trade shows focusing on the latest tech developments as they relate to the healthcare and medical industries. And this year, Apacer returns to HIMSS with even more products and technologies to share with healthcare customers. Apacer announced that it's brand-new combination of CoreSnapshot and CoreRescue Auto Self Recovery (ASR) and Self Recovery through USB Drive (USR) is part of a collaboration with the well-known healthcare equipment provider Onyx. CoreSnapshot, which is already very popular with buyers, is a quick and easy drive backup technology that helps keep drives up and running even in the event of a cyberattack. Now it's joined by CoreRescue ASR and CoreRescue USR, which can internally automate the backup and recovery process based on an analysis of how the system normally functions. Healthcare professionals know that if just one device malfunctions before a surgery, it can lead to rescheduling dreams and lost income. CoreRescue ASR & CoreRescue USR will keep devices up and running when they need to be. Apacer and Onyx will work together to present a demonstration of CoreRescue USR which will be held during the trade show, so if you're attending HIMSS, user definitely can't afford to miss it! In addition, Apacer will be showcasing SSDs that offer extremely low power consumption, including industrial SD and microSD cards as well as eMMCs. These are sure to find homes in wearable healthcare devices like portable monitors. Medical professionals will also appreciate that many of drives are available with ESD protection, such as UV110-UFD5. This means that even if nearby devices discharge static electricity, the drive will ensure data is not affected in any way. Furthermore, Apacer offers PCIe SSDs with CorePower, a technology that ensures drives always have the power they need to safely shut down, even in the event of a sudden unexpected power loss. Other highlights come in the form of Apacer's robust and diverse range of DRAM modules will also be on display. This year, the star of the show is clearly the fully lead-free DRAM modules developed by Apacer's in-house engineers. Anyone who sources these memory modules will never need to worry about RoHS lead exemptions again. And customers are sure to recognize their unique contribution to ESG, particularly the environmental part. Apacer's booth will be manned by knowledge and personable colleagues who will be happy to discuss any aspect of the storage industry. So come visit Apacer at HIMSS24. We'll be at Booth 2292, March 12-14, 2024, at the Orange County Convention Center in Orlando. Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: NT$4.51 (vs NT$5.23 in FY 2022) Full year 2023 results: EPS: NT$4.51 (down from NT$5.23 in FY 2022). Revenue: NT$7.63b (down 13% from FY 2022). Net income: NT$553.0m (down 1.1% from FY 2022). Profit margin: 7.2% (up from 6.4% in FY 2022). The increase in margin was driven by lower expenses. 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 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$72.30, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 105% over the past three years. Announcement • Feb 24
Apacer Technology Inc., Annual General Meeting, May 31, 2024 Apacer Technology Inc., Annual General Meeting, May 31, 2024. Location: 1F., No. 32, Zhongcheng Rd., Tucheng Dist. New Taipei City Taiwan Agenda: To consider 2023 Annual Business Report; to consider 2023 Audit Committee's Review Report; to consider 2023 Profits Report; to consider 2023 Employees' Profit Sharing Bonus and Directors' Compensation; to consider Privately Placed Common Shares Report; to consider Adoption of 2023 Annual Business Report and Financial Statements; and to consider any other matters. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: NT$1.14 (vs NT$1.16 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.14. Revenue: NT$1.93b (down 14% from 3Q 2022). Net income: NT$139.8m (up 12% from 3Q 2022). Profit margin: 7.3% (up from 5.6% in 3Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: NT$0.96 (vs NT$1.45 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.96 (down from NT$1.45 in 2Q 2022). Revenue: NT$1.65b (down 22% from 2Q 2022). Net income: NT$118.2m (down 19% from 2Q 2022). Profit margin: 7.2% (up from 6.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Jun 22
Upcoming dividend of NT$3.30 per share at 5.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 26 July 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Announcement • Jun 08
Apacer Technology Inc. Announces Cash Dividend, Payable on July 26, 2023 Apacer Technology Inc. announced a cash dividend of TWD 3.30 per share or TWD 404,871,278. Ex-rights (ex-dividend) trading date is June 29, 2023. Ex-rights (ex-dividend) record date is July 7, 2023. Payment date of cash dividend distribution is July 26, 2023. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$61.70, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 45% over the past three years. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: NT$5.23 (vs NT$4.82 in FY 2021) Full year 2022 results: EPS: NT$5.23 (up from NT$4.82 in FY 2021). Revenue: NT$8.80b (up 1.3% from FY 2021). Net income: NT$559.1m (up 15% from FY 2021). Profit margin: 6.4% (up from 5.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 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 an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Cathy Han was the last independent director to join the board, commencing their role in 2021. 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 02
Third quarter 2022 earnings released: EPS: NT$1.16 (vs NT$1.11 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.16 (up from NT$1.11 in 3Q 2021). Revenue: NT$2.25b (up 5.5% from 3Q 2021). Net income: NT$125.3m (up 12% from 3Q 2021). Profit margin: 5.6% (up from 5.3% 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 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Apacer Technology Inc. Appoints Connie Lai as Corporate Governance Officer, Effective November 1, 2022 Apacer Technology Inc. announced the appointment of Connie Lai, Apacer Technology Inc. CFO & Spokesman, as Corporate Governance Officer, effective November 1, 2022. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: NT$1.45 (vs NT$1.68 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.45 (down from NT$1.68 in 2Q 2021). Revenue: NT$2.11b (down 7.6% from 2Q 2021). Net income: NT$146.6m (down 13% from 2Q 2021). Profit margin: 6.9% (down from 7.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Announcement • Jul 29
Apacer Technology Inc. Announces Appointment of Gibson Chang as Senior Vice President, Effective August 1, 2022 Apacer Technology Inc. announced the appointment of Gibson Chang as Senior Vice President, effective August 1, 2022. 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 an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Ching-Shih Han was the last independent director to join the board, commencing their role in 2021. 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 • Apr 21
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$1.57 (up from NT$1.23 in 1Q 2021). Revenue: NT$2.30b (up 9.7% from 1Q 2021). Net income: NT$158.7m (up 28% from 1Q 2021). Profit margin: 6.9% (up from 5.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Mar 24
Upcoming dividend of NT$2.89 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 27
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: NT$4.81 (up from NT$2.88 in FY 2020). Revenue: NT$8.68b (up 21% from FY 2020). Net income: NT$485.8m (up 67% from FY 2020). Profit margin: 5.6% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 25
Apacer Technology Inc., Annual General Meeting, May 31, 2022 Apacer Technology Inc., Annual General Meeting, May 31, 2022. Location: at 1F., No. 32, Zhongcheng Rd., Tucheng Dist New Taipei City Taiwan Agenda: To consider the 2021 annual business report; to consider the audit committee's review report; to consider the 2021 profits report; to consider the 2021 employees' profit sharing bonus and directors' compensation; to consider the amendment to the corporate social responsibility of the company; to adoption of 2021 annual business report and financial statements; to consider the amendment to the procedures for acquisition or disposal of assets of the company; and to consider the other matters. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS NT$1.11 (vs NT$0.24 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.13b (up 25% from 3Q 2020). Net income: NT$112.2m (up 365% from 3Q 2020). Profit margin: 5.3% (up from 1.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$43.15, the stock trades at a trailing P/E ratio of 11.7x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 42% over the past three years. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS NT$1.68 (vs NT$0.56 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.29b (up 35% from 2Q 2020). Net income: NT$169.0m (up 197% from 2Q 2020). Profit margin: 7.4% (up from 3.4% 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 5% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 23
Upcoming dividend of NT$2.02 per share Eligible shareholders must have bought the stock before 30 July 2021. Payment date: 25 August 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 21% share price decline to NT$41.60, the stock trades at a trailing P/E ratio of 16.1x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 17% share price gain to NT$49.40, the stock trades at a trailing P/E ratio of 19.2x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 56% over the past three years. Reported Earnings • Apr 16
First quarter 2021 earnings released: EPS NT$1.23 (vs NT$1.54 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$2.10b (up 6.8% from 1Q 2020). Net income: NT$124.2m (down 20% from 1Q 2020). Profit margin: 5.9% (down from 7.9% in 1Q 2020). The decrease in margin was driven by higher expenses. 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 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 16
New 90-day high: NT$42.45 The company is up 8.0% from a price of NT$39.25 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Lagged the Semiconductor industry, which is up 21% over the same period. Announcement • Feb 25
Apacer Technology Inc., Annual General Meeting, May 27, 2021 Apacer Technology Inc., Annual General Meeting, May 27, 2021. Location: 3F., No. 4, Sanmin Rd., Tucheng Dist. Taipei City Taiwan Agenda: To consider the 2020 annual business report; to consider the audit committee's review report; to consider the 2020 employees' profit sharing bonus and directors' compensation; to consider the amendment to the ethical corporate management best practice principles of the company; to consider the adoption of the proposal for the distribution of 2020 profits; to consider the amendment to the articles of incorporation; and to consider the other matters. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS NT$2.88 (vs NT$3.73 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$7.15b (down 4.5% from FY 2019). Net income: NT$290.5m (down 23% from FY 2019). Profit margin: 4.1% (down from 5.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 11
New 90-day high: NT$41.70 The company is up 17% from its price of NT$35.65 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: NT$39.80 The company is up 6.0% from its price of NT$37.40 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 14% over the same period. Reported Earnings • Nov 06
Third quarter 2020 earnings released: EPS NT$0.24 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.70b (down 7.0% from 3Q 2019). Net income: NT$24.1m (down 82% from 3Q 2019). Profit margin: 1.4% (down from 7.4% 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 1% per year whereas the company’s share price has fallen by 3% per year.