Buy Or Sell Opportunity • May 14
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at NT$165. The fair value is estimated to be NT$206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 10%. Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: NT$16.16 (vs NT$13.37 in FY 2024) Full year 2025 results: EPS: NT$16.16 (up from NT$13.37 in FY 2024). Revenue: NT$5.34b (down 16% from FY 2024). Net income: NT$459.4m (up 21% from FY 2024). Profit margin: 8.6% (up from 5.9% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 09
CTCI Advanced Systems Inc., Annual General Meeting, May 26, 2026 CTCI Advanced Systems Inc., Annual General Meeting, May 26, 2026. Location: 5 floor no,127, sec.7 chung shan n. rd., taipei city Taiwan Reported Earnings • Mar 09
Full year 2025 earnings released: EPS: NT$16.16 (vs NT$13.37 in FY 2024) Full year 2025 results: EPS: NT$16.16 (up from NT$13.37 in FY 2024). Revenue: NT$5.34b (down 16% from FY 2024). Net income: NT$459.4m (up 21% from FY 2024). Profit margin: 8.6% (up from 5.9% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$5.74 (vs NT$3.76 in 3Q 2024) Third quarter 2025 results: EPS: NT$5.74 (up from NT$3.76 in 3Q 2024). Revenue: NT$1.37b (down 15% from 3Q 2024). Net income: NT$163.0m (up 53% from 3Q 2024). Profit margin: 12% (up from 6.6% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Nov 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to NT$185. The fair value is estimated to be NT$154, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 10%. Reported Earnings • Aug 04
Second quarter 2025 earnings released: EPS: NT$5.04 (vs NT$3.65 in 2Q 2024) Second quarter 2025 results: EPS: NT$5.04 (up from NT$3.65 in 2Q 2024). Revenue: NT$1.32b (down 26% from 2Q 2024). Net income: NT$143.3m (up 39% from 2Q 2024). Profit margin: 11% (up from 5.8% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$134, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 138% over the past three years. New Risk • Jul 16
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 6.4% 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 earnings (101% payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Declared Dividend • Jun 04
Dividend increased to NT$11.33 Dividend of NT$11.33 is 7.8% higher than last year. Ex-date: 26th June 2025 Payment date: 23rd July 2025 Dividend yield will be 10%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control, which is less than the 24% EPS growth achieved over the last 5 years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$108, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 78% over the past three years. Reported Earnings • May 04
First quarter 2025 earnings released: EPS: NT$1.57 (vs NT$3.77 in 1Q 2024) First quarter 2025 results: EPS: NT$1.57 (down from NT$3.77 in 1Q 2024). Revenue: NT$1.09b (down 35% from 1Q 2024). Net income: NT$44.6m (down 58% from 1Q 2024). Profit margin: 4.1% (down from 6.3% in 1Q 2024). 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 but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 25
CTCI Advanced Systems Inc. to Report Q1, 2025 Results on May 02, 2025 CTCI Advanced Systems Inc. announced that they will report Q1, 2025 results on May 02, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$135, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 112% over the past three years. Announcement • Mar 03
CTCI Advanced Systems Inc., Annual General Meeting, May 28, 2025 CTCI Advanced Systems Inc., Annual General Meeting, May 28, 2025. Location: 5 floor no,127, sec.7 chung shan n. rd., taipei city Taiwan Announcement • Feb 20
CTCI Advanced Systems Inc. to Report Fiscal Year 2024 Results on Feb 27, 2025 CTCI Advanced Systems Inc. announced that they will report fiscal year 2024 results on Feb 27, 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. Announcement • Oct 25
CTCI Advanced Systems Inc. to Report Q3, 2024 Results on Nov 01, 2024 CTCI Advanced Systems Inc. announced that they will report Q3, 2024 results on Nov 01, 2024 Reported Earnings • Aug 04
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: NT$1.79b (up 4.8% from 2Q 2023). Net income: NT$103.4m (up 6.2% from 2Q 2023). Profit margin: 5.8% (up from 5.7% in 2Q 2023). The increase in margin was driven by higher revenue. Announcement • Jul 25
CTCI Advanced Systems Inc. to Report Q2, 2024 Results on Aug 01, 2024 CTCI Advanced Systems Inc. announced that they will report Q2, 2024 results on Aug 01, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of NT$10.51 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 24 July 2024. Payout ratio is on the higher end at 79% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.7%). Buy Or Sell Opportunity • Jun 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.2% to NT$199. The fair value is estimated to be NT$165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 25%. Declared Dividend • May 30
Dividend of NT$10.54 announced Shareholders will receive a dividend of NT$10.54. Ex-date: 27th June 2024 Payment date: 24th July 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (79% 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 9.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 29
CTCI Advanced Systems Inc. Announces Cash Distribution, Payable on July 24, 2024 CTCI Advanced Systems Inc. announced the cash distribution of TWD 298,152,662. Ex-rights (Ex-dividend) date is June 27, 2024, Ex-rights (Ex-dividend) record date is July 3, 2024, Payment date of cash dividend distribution is July 24, 2024. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: NT$3.77 (vs NT$2.89 in 1Q 2023) First quarter 2024 results: EPS: NT$3.77 (up from NT$2.89 in 1Q 2023). Revenue: NT$1.69b (up 43% from 1Q 2023). Net income: NT$106.5m (up 32% from 1Q 2023). Profit margin: 6.3% (down from 6.8% 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 25% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to NT$199. The fair value is estimated to be NT$164, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 26%. Announcement • Apr 27
CTCI Advanced Systems Inc. to Report Q1, 2024 Results on May 02, 2024 CTCI Advanced Systems Inc. announced that they will report Q1, 2024 results on May 02, 2024 Buy Or Sell Opportunity • Apr 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to NT$199. The fair value is estimated to be NT$165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Mar 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to NT$197. The fair value is estimated to be NT$163, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 26%. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: NT$12.51 (vs NT$8.78 in FY 2022) Full year 2023 results: EPS: NT$12.51 (up from NT$8.78 in FY 2022). Revenue: NT$6.77b (up 72% from FY 2022). Net income: NT$350.8m (up 44% from FY 2022). Profit margin: 5.2% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% 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 Dividend is not well covered by cash flows (91% cash payout ratio). Shareholders have been diluted in the past year (24% increase in shares outstanding). Announcement • Mar 06
CTCI Advanced Systems Inc., Annual General Meeting, May 27, 2024 CTCI Advanced Systems Inc., Annual General Meeting, May 27, 2024. Location: 5Fl., No. 127, Sec.7, Zhongshan N. Rd Mellow Fields Hotel Room 505 Taipei Taiwan Agenda: To consider and approve the Business report 2023; to consider and approve the director and employee compensation; to consider and approve the cash dividends; to consider and approve the issuance of corporate bonds; and to consider and approve any other matters. Announcement • Dec 15
CTCI Advanced Systems Inc. Appoints Jen-Hsing Hsieh as President CTCI Advanced Systems Inc. announced the Name of the new position holder of Jen-Hsing Hsieh as President of the Company. Effective date of the new appointment is December 14, 2023. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: NT$3.36 (vs NT$3.22 in 3Q 2022) Third quarter 2023 results: EPS: NT$3.36 (up from NT$3.22 in 3Q 2022). Revenue: NT$1.80b (up 45% from 3Q 2022). Net income: NT$94.2m (up 5.7% from 3Q 2022). Profit margin: 5.2% (down from 7.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 32% per year. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: NT$3.48 (vs NT$1.23 in 2Q 2022) Second quarter 2023 results: EPS: NT$3.48 (up from NT$1.23 in 2Q 2022). Revenue: NT$1.71b (up 125% from 2Q 2022). Net income: NT$97.4m (up 188% from 2Q 2022). Profit margin: 5.7% (up from 4.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$162, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 23x in the IT industry in Taiwan. Total returns to shareholders of 236% over the past three years. Upcoming Dividend • Jun 26
Upcoming dividend of NT$7.48 per share at 3.6% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 73% and the cash payout ratio is 80%. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$211, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 340% over the past three years. Announcement • Jun 15
CTCI Advanced Systems Inc. Announces the Adjustment of Cash Dividends Ratio CTCI Advanced Systems Inc. announced the adjustment of cash dividends ratio. Type and monetary amount of original dividend distribution: cash dividend of TWD 210,288,953 (TWD 7.55823355 per share). Type and monetary amount of dividend distribution after the change:cash dividend of TWD 210,288,953 (TWD 7.48372579 per share). Reason for the change: The total common shares outstanding have changed due to the exercise of employee stock option, and the Chairman is authorized to adjust the cash to be distributed to each common share. Announcement • May 31
CTCI Advanced Systems Inc. Announces Change in Members of Audit Committee CTCI Advanced Systems Inc. announced change in members of Audit Committee. Name of the previous position holders are Amy Lee, Ray Chang and Victor Tsan. Resume of the previous position holders is Independent Director of ASI. Name of the new position holders are Hsiung-Wen Chen, Nai-Hui Su and Victor Tsan. Resume of the new position holders are Independent Director of ASI. Effective date of the new member is May 30, 2023. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$183, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 25x in the IT industry in Taiwan. Total returns to shareholders of 279% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$141, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 233% over the past three years. Reported Earnings • Mar 11
Full year 2022 earnings released: EPS: NT$8.78 (vs NT$10.02 in FY 2021) Full year 2022 results: EPS: NT$8.78 (down from NT$10.02 in FY 2021). Revenue: NT$3.93b (up 14% from FY 2021). Net income: NT$243.0m (down 11% from FY 2021). Profit margin: 6.2% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. 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. 3 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Victor Chan was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$3.22 (vs NT$1.72 in 3Q 2021) Third quarter 2022 results: EPS: NT$3.22 (up from NT$1.72 in 3Q 2021). Revenue: NT$1.24b (up 57% from 3Q 2021). Net income: NT$89.1m (up 90% from 3Q 2021). Profit margin: 7.2% (up from 5.9% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: NT$1.23 (vs NT$1.48 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.23 (down from NT$1.48 in 2Q 2021). Revenue: NT$758.9m (down 16% from 2Q 2021). Net income: NT$33.9m (down 16% from 2Q 2021). Profit margin: 4.5% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$61.50, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 17x in the IT industry in Taiwan. Total returns to shareholders of 87% over the past three years. Upcoming Dividend • Jun 24
Upcoming dividend of NT$8.79 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 29 July 2022. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 12%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.9%). Reported Earnings • May 04
First quarter 2022 earnings released: EPS: NT$1.33 (vs NT$1.91 in 1Q 2021) First quarter 2022 results: EPS: NT$1.33 (down from NT$1.91 in 1Q 2021). Revenue: NT$686.8m (down 24% from 1Q 2021). Net income: NT$36.5m (down 30% from 1Q 2021). Profit margin: 5.3% (down from 5.7% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Wen-Nan Tsan was the last independent director to join the board, commencing their role in 2017. 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 • Mar 11
Investor sentiment improved over the past week After last week's 17% share price gain to NT$81.00, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 17x in the IT industry in Taiwan. Total returns to shareholders of 127% over the past three years. Reported Earnings • Mar 06
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$10.02 (up from NT$5.74 in FY 2020). Revenue: NT$3.44b (up 21% from FY 2020). Net income: NT$273.2m (up 102% from FY 2020). Profit margin: 7.9% (up from 4.8% in FY 2020). Revenue was in line with analyst estimates. 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 18% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
CTCI Advanced Systems Inc., Annual General Meeting, May 26, 2022 CTCI Advanced Systems Inc., Annual General Meeting, May 26, 2022. Location: 5Fl., No. 127, Sec.7, Zhongshan N. Rd., Taipei. (Mellow Fields Hotel Room 505) Taipei Taiwan Agenda: To consider the Company's business report of 2021; to consider the Audit Committee's review report of 2021; to consider the directors and employees' compensation of 2021; to consider the status of guarantees provided by the Company as of the end of 2021; to consider the Share conversion report between the Company and CTCI REI Co.,Ltd; and to consider other matters. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS NT$1.72 (vs NT$1.59 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: NT$789.5m (flat on 3Q 2020). Net income: NT$46.8m (up 26% from 3Q 2020). Profit margin: 5.9% (up from 4.7% in 3Q 2020). 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 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 13
Upcoming dividend of NT$3.97 per share Eligible shareholders must have bought the stock before 20 August 2021. Payment date: 15 September 2021. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.6%). Reported Earnings • Aug 01
Second quarter 2021 earnings released: EPS NT$1.48 (vs NT$1.56 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$898.4m (up 49% from 2Q 2020). Net income: NT$40.3m (up 10.0% from 2Q 2020). Profit margin: 4.5% (down from 6.1% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 05
First quarter 2021 earnings released: EPS NT$1.91 (vs NT$1.49 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$908.1m (up 81% from 1Q 2020). Net income: NT$51.8m (up 48% from 1Q 2020). Profit margin: 5.7% (down from 7.0% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 14
New 90-day high: NT$67.20 The company is up 1.0% from its price of NT$66.80 on 14 December 2020. The Taiwanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 9.0% over the same period. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS NT$5.75 (vs NT$3.19 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: NT$2.85b (up 175% from FY 2019). Net income: NT$135.3m (up 81% from FY 2019). Profit margin: 4.8% (down from 7.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Mar 05
CTCI Advanced Systems Inc., Annual General Meeting, May 24, 2021 CTCI Advanced Systems Inc., Annual General Meeting, May 24, 2021. Location: 4Fl., No, 48, Sec.3, NanKang Rd. NanKang Dist Taipei Taiwan Agenda: To consider the company's business report of 2020; to the supervisor's review report of 2020; to the directors and supervisor and employees compensation of 2020; to the status of guarantees provided by the company as of the end of 2020; to adoption of the company's 2020 business report and financial statements; to adoption of the company's distribution of 2020 profits; and to consider other matter. Is New 90 Day High Low • Jan 20
New 90-day low: NT$64.80 The company is down 4.0% from its price of NT$67.30 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: NT$65.70 The company is down 4.0% from its price of NT$68.50 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 6.0% over the same period. Announcement • Dec 26
CTCI Advanced Systems Inc. has completed a Follow-on Equity Offering in the amount of TWD 18.61308 million. CTCI Advanced Systems Inc. has completed a Follow-on Equity Offering in the amount of TWD 18.61308 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 298,000
Price\Range: TWD 62.46
Transaction Features: ESOP Related Offering Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS NT$1.59 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$787.2m (up 188% from 3Q 2019). Net income: NT$37.3m (up 134% from 3Q 2019). Profit margin: 4.7% (down from 5.8% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year.