Upcoming Dividend • Jun 18
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 23 July 2026. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (4.1%). Reported Earnings • May 06
First quarter 2026 earnings released: EPS: NT$0.30 (vs NT$0.32 in 1Q 2025) First quarter 2026 results: EPS: NT$0.30 (down from NT$0.32 in 1Q 2025). Revenue: NT$462.4m (down 8.0% from 1Q 2025). Net income: NT$6.72m (down 5.6% from 1Q 2025). Profit margin: 1.5% (up from 1.4% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 12
Dividend increased to NT$3.00 Dividend of NT$3.00 is 200% higher than last year. Ex-date: 25th June 2026 Payment date: 23rd July 2026 Dividend yield will be 5.7%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (18% 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 decreased over the past 66 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Mar 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% 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 Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (NT$1.17b market cap, or US$36.9m). Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$65.30, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 55% over the past three years. New Risk • Dec 23
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 8.2% 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 Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.15b market cap, or US$36.6m). New Risk • Nov 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 101% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.39b market cap, or US$44.3m). New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (NT$1.37b market cap, or US$44.1m). Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to NT$57.80, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 46% over the past three years. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: NT$4.42 (vs NT$0.44 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$4.42 (up from NT$0.44 loss in 3Q 2024). Revenue: NT$392.3m (up 1.2% from 3Q 2024). Net income: NT$98.1m (up NT$107.9m from 3Q 2024). Profit margin: 25% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. 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 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: NT$0.46 (vs NT$0.77 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.46 (down from NT$0.77 in 2Q 2024). Revenue: NT$532.7m (up 11% from 2Q 2024). Net income: NT$10.1m (down 41% from 2Q 2024). Profit margin: 1.9% (down from 3.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Ian Liao was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Jun 26
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 29 July 2025. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.9%). Announcement • Jun 21
Acer Synergy Tech Corp. Announces the Establishment of the Remuneration Committee on Behalf of Its Subsidiary, Shine Passion Engineering Co., Ltd Acer Synergy Tech Corp. announced the establishment of the Remuneration Committee on behalf of its subsidiary, Shine Passion Engineering Co. Ltd. The new position holders are Celia Wu, Sam Wu, Cheng-Hsun Tsai, and Curtis Lai. Celia Wu is a Partner of KPMG in Taiwan, Sam Wu is a Lawyer at Wu Shengqin Law Office, Cheng-Hsun Tsai is the Chairman of Zhengpeng Technology Co. Ltd., and Curtis Lai is the Head of Guansheng Certified Public Accountants. The change is due to the establishment of the Remuneration Committee under the Regulations. Effective date of the new members is June 20, 2025. Announcement • Jun 12
Acer Synergy Tech Corp. Appoints Maverick Shih as Director Acer Synergy Tech Corp. in its 2025 General Shareholders' Meeting held on June 11, 2025 elected Director: Acer Inc. Legal Representative: Maverick Shih. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.063 in 1Q 2024) First quarter 2025 results: EPS: NT$0.32 (up from NT$0.063 in 1Q 2024). Revenue: NT$502.5m (up 26% from 1Q 2024). Net income: NT$7.12m (up 410% from 1Q 2024). Profit margin: 1.4% (up from 0.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 29
Acer Synergy Tech Corp. to Report Q1, 2025 Results on May 06, 2025 Acer Synergy Tech Corp. announced that they will report Q1, 2025 results on May 06, 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$42.80, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 12% over the past three years. Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: NT$0.83 (vs NT$3.07 in FY 2023) Full year 2024 results: EPS: NT$0.83 (down from NT$3.07 in FY 2023). Revenue: NT$1.80b (up 3.8% from FY 2023). Net income: NT$18.5m (down 71% from FY 2023). Profit margin: 1.0% (down from 3.7% 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 20% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • Mar 13
Dividend reduced to NT$1.00 Dividend of NT$1.00 is 50% lower than last year. Ex-date: 3rd July 2025 Payment date: 29th July 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (212% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 136% to bring the payout ratio under control. However, EPS has declined by 21% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 04
Acer Synergy Tech Corp. to Report Fiscal Year 2024 Final Results on Mar 11, 2025 Acer Synergy Tech Corp. announced that they will report fiscal year 2024 final results on Mar 11, 2025 Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$64.20, the stock trades at a trailing P/E ratio of 68.1x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 38% over the past three years. Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.44 loss per share (vs NT$0.58 profit in 3Q 2023) Third quarter 2024 results: NT$0.44 loss per share (down from NT$0.58 profit in 3Q 2023). Revenue: NT$387.7m (down 16% from 3Q 2023). Net loss: NT$9.80m (down 180% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$68.50, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 54% over the past three years. New Risk • Nov 08
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 6.6% 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: 102% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (NT$1.52b market cap, or US$47.3m). Announcement • Nov 06
Acer Synergy Tech Corp. Announces Change of Corporate Governance Officer Acer Synergy Tech Corp. announced the change of Corporate Governance Officer. Date of occurrence of the change: November 5, 2024. Name, title, and resume of the previous position holder: Lydia Wu/Corporate Governance Officer/Global Chief legal officer & Corporate Governance Officer of ACER. Name, title, and resume of the new position holder: Jerome Wu/Chief finance officer & Corporate Governance officer of AST/Financial and accounting officer of AST. Reason for the change: position adjustment. Effective date: November 5, 2024. Announcement • Oct 29
Acer Synergy Tech Corp. to Report Q3, 2024 Results on Nov 05, 2024 Acer Synergy Tech Corp. announced that they will report Q3, 2024 results on Nov 05, 2024 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$64.60, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 30% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.77 (vs NT$0.85 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.77. Revenue: NT$478.7m (up 14% from 2Q 2023). Net income: NT$17.1m (flat on 2Q 2023). Profit margin: 3.6% (down from 4.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$55.40, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 2.7% over the past three years. New Risk • Aug 05
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 6.8% 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: 100% Paying a dividend despite having no free cash flows. High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (NT$1.33b market cap, or US$40.7m). Announcement • Jul 30
Acer Synergy Tech Corp. to Report Q2, 2024 Results on Aug 06, 2024 Acer Synergy Tech Corp. announced that they will report Q2, 2024 results on Aug 06, 2024 Upcoming Dividend • Jun 29
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 01 August 2024. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$77.10, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 40% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.06 (vs NT$1.13 in 1Q 2023) First quarter 2024 results: EPS: NT$0.06 (down from NT$1.13 in 1Q 2023). Revenue: NT$400.2m (down 4.7% from 1Q 2023). Net income: NT$1.40m (down 94% from 1Q 2023). Profit margin: 0.3% (down from 5.4% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to NT$65.50. The fair value is estimated to be NT$85.33, however this is not to be taken as a buy 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 20%. Announcement • May 02
Acer Synergy Tech Corp. to Report Q1, 2024 Results on May 07, 2024 Acer Synergy Tech Corp. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 07, 2024 Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: NT$3.07 (vs NT$4.05 in FY 2022) Full year 2023 results: EPS: NT$3.07 (down from NT$4.05 in FY 2022). Revenue: NT$1.74b (up 25% from FY 2022). Net income: NT$64.2m (down 15% from FY 2022). Profit margin: 3.7% (down from 5.5% 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 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 15
Acer Synergy Tech Corp., Annual General Meeting, Jun 07, 2024 Acer Synergy Tech Corp., Annual General Meeting, Jun 07, 2024. Declared Dividend • Mar 14
Dividend reduced to NT$2.00 Dividend of NT$2.00 is 33% lower than last year. Ex-date: 4th July 2024 Payment date: 1st August 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 10.0% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 14
Acer Synergy Tech Corp. Proposes Cash Dividend for the Year Ended December 31, 2023, Payable on August 1, 2024 Acer Synergy Tech Corp. proposed cash dividend of TWD 2 per share for the year ended December 31, 2023. Total amount of cash dividends to shareholders is TWD 44,400,000. Ex-rights (Ex-dividend) date is July 4, 2024. Ex-rights (Ex-dividend) record date is July 11, 2024. Payment date of cash dividend distribution is August 1, 2024. New Risk • Dec 04
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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (NT$1.97b market cap, or US$62.6m). Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: NT$0.58 (vs NT$1.07 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.58 (down from NT$1.07 in 3Q 2022). Revenue: NT$460.3m (up 39% from 3Q 2022). Net income: NT$12.3m (down 42% from 3Q 2022). Profit margin: 2.7% (down from 6.5% 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 22% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Aug 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% 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 (8.9% average weekly change). Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (NT$2.13b market cap, or US$67.2m). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: NT$0.85 (vs NT$0.76 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.85 (up from NT$0.76 in 2Q 2022). Revenue: NT$417.9m (up 18% from 2Q 2022). Net income: NT$17.0m (up 12% from 2Q 2022). Profit margin: 4.1% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buying Opportunity • Jul 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be NT$128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 11%. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$109, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 12% over the past three years. Buying Opportunity • Jul 03
Now 21% undervalued Over the last 90 days, the stock is up 5.3%. The fair value is estimated to be NT$127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 11%. Upcoming Dividend • Jun 26
Upcoming dividend of NT$3.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.7%). Buying Opportunity • Jun 12
Now 22% undervalued Over the last 90 days, the stock is up 48%. The fair value is estimated to be NT$128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 11%. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$116, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 111% over the past three years. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: NT$4.05 (vs NT$2.44 in FY 2021) Full year 2022 results: EPS: NT$4.05 (up from NT$2.44 in FY 2021). Revenue: NT$1.39b (up 12% from FY 2021). Net income: NT$75.9m (up 139% from FY 2021). Profit margin: 5.5% (up from 2.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$81.40, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$60.60, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 17x in the IT industry in Taiwan. Total loss to shareholders of 2.4% over the past three years. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: NT$1.07 (vs NT$0.30 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.07 (up from NT$0.30 in 3Q 2021). Revenue: NT$330.6m (down 2.2% from 3Q 2021). Net income: NT$21.4m (up 447% from 3Q 2021). Profit margin: 6.5% (up from 1.2% in 3Q 2021). The increase in margin was driven by lower expenses. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: NT$0.76 (vs NT$0.79 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.76. Revenue: NT$353.0m (up 33% from 2Q 2021). Net income: NT$15.2m (up 47% from 2Q 2021). Profit margin: 4.3% (up from 3.9% in 2Q 2021). The increase in margin was driven by higher revenue. Board Change • Jul 31
High number of new directors Independent Director Ian Liao was the last director to join the board, commencing their role in 2022. Announcement • Jul 29
Acer Synergy Tech Corp. (TPEX:6751) agreed to acquire 33.33% stake in Xuyi Engineering Co., Ltd for NTD 90 million. Acer Synergy Tech Corp. (TPEX:6751) agreed to acquire 33.33% stake in Xuyi Engineering Co., Ltd for NTD 90 million on May 3, 2022. Chung Sun Certified Public Accountants acted advisor to Acer Synergy. Upcoming Dividend • Jun 21
Upcoming dividend of NT$2.10 per share Eligible shareholders must have bought the stock before 28 June 2022. Payment date: 03 August 2022. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (6.3%). In line with average of industry peers (4.9%). Reported Earnings • May 04
First quarter 2022 earnings released: EPS: NT$0.57 (vs NT$0.49 in 1Q 2021) First quarter 2022 results: EPS: NT$0.57 (up from NT$0.49 in 1Q 2021). Revenue: NT$314.4m (up 1.4% from 1Q 2021). Net income: NT$8.46m (up 31% from 1Q 2021). Profit margin: 2.7% (up from 2.1% in 1Q 2021). Reported Earnings • Mar 13
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: NT$2.44 (down from NT$2.76 in FY 2020). Revenue: NT$1.24b (up 26% from FY 2020). Net income: NT$31.8m (up 3.3% from FY 2020). Profit margin: 2.6% (down from 3.1% in FY 2020). Revenue exceeded analyst estimates by 53%. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS NT$0.30 (vs NT$0.51 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$338.1m (up 59% from 3Q 2020). Net income: NT$3.91m (down 30% from 3Q 2020). Profit margin: 1.2% (down from 2.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.79 (vs NT$0.83 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$266.4m (up 1.1% from 2Q 2020). Net income: NT$10.4m (up 12% from 2Q 2020). Profit margin: 3.9% (up from 3.5% in 2Q 2020). Upcoming Dividend • Jul 09
Upcoming dividend of NT$2.10 per share Eligible shareholders must have bought the stock before 16 July 2021. Payment date: 13 August 2021. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (3.0%). Reported Earnings • May 05
First quarter 2021 earnings released: EPS NT$0.49 (vs NT$0.78 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$310.0m (up 15% from 1Q 2020). Net income: NT$6.44m (down 26% from 1Q 2020). Profit margin: 2.1% (down from 3.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS NT$2.76 (vs NT$2.81 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$983.6m (down 8.5% from FY 2019). Net income: NT$30.8m (up 13% from FY 2019). Profit margin: 3.1% (up from 2.5% in FY 2019). The increase in margin was driven by lower expenses. Announcement • Mar 06
Acer Synergy Tech Corp. Announces Resignation of the Institutional Director and Its Representative, Effective June 22, 2021 Acer Synergy Tech Corp. announced that institutional director, Acer Inc. will resign a seat of the board of the Company on 2021/6/22, and the representative, Andrew Hou will resign on the same day. Is New 90 Day High Low • Feb 02
New 90-day low: NT$72.00 The company is down 39% from its price of NT$119 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day low: NT$77.80 The company is down 42% from its price of NT$134 on 16 October 2020. The Taiwanese market is up 19% 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 25
New 90-day low: NT$88.30 The company is down 33% from its price of NT$132 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment deteriorated over the past week After last week's 20% share price decline to NT$88.30, the stock is trading at a trailing P/E ratio of 33.1x, down from the previous P/E ratio of 41.2x. This compares to an average P/E of 15x in the IT industry in Taiwan. Total returns to shareholders over the past year are 45%. Is New 90 Day High Low • Nov 12
New 90-day low: NT$103 The company is down 7.0% from its price of NT$111 on 14 August 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 1.0% over the same period. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS NT$0.50 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$212.6m (down 23% from 3Q 2019). Net income: NT$5.62m (down 23% from 3Q 2019). Profit margin: 2.6% (in line with 3Q 2019). Is New 90 Day High Low • Oct 27
New 90-day low: NT$107 The company is down 9.0% from its price of NT$117 on 29 July 2020. The Taiwanese market is up 3.0% 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. Valuation Update With 7 Day Price Move • Oct 24
Market pulls back on stock over the past week After last week's 15% share price decline to NT$114, the stock is trading at a trailing P/E ratio of 36.2x, down from the previous P/E ratio of 42.7x. This compares to an average P/E of 15x in the IT industry in Taiwan. Valuation Update With 7 Day Price Move • Oct 20
Market pulls back on stock over the past week After last week's 16% share price decline to NT$115, the stock is trading at a trailing P/E ratio of 36.6x, down from the previous P/E ratio of 43.6x. This compares to an average P/E of 14x in the IT industry in Taiwan.