Declared Dividend • Jun 13
Dividend increased to NT$2.80 Dividend of NT$2.80 is 7.7% higher than last year. Ex-date: 9th July 2026 Payment date: 6th August 2026 Dividend yield will be 5.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (83% earnings payout ratio) but not covered by cash flows (115% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 13
First quarter 2026 earnings released: EPS: NT$0.91 (vs NT$0.89 in 1Q 2025) First quarter 2026 results: EPS: NT$0.91 (up from NT$0.89 in 1Q 2025). Revenue: NT$1.58b (up 7.5% from 1Q 2025). Net income: NT$90.5m (up 1.8% from 1Q 2025). Profit margin: 5.7% (down from 6.0% in 1Q 2025). 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 fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Syscom Computer Engineering Co., Annual General Meeting, Jun 11, 2026 Syscom Computer Engineering Co., Annual General Meeting, Jun 11, 2026, at 09:00 Taipei Standard Time. Location: b1 floor no,115, o mei st., taipei city Taiwan Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$3.12 (vs NT$3.06 in FY 2024) Full year 2025 results: EPS: NT$3.12 (up from NT$3.06 in FY 2024). Revenue: NT$7.43b (up 7.2% from FY 2024). Net income: NT$311.8m (up 1.8% from FY 2024). Profit margin: 4.2% (down from 4.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$0.72 (vs NT$0.66 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.72 (up from NT$0.66 in 3Q 2024). Revenue: NT$1.85b (up 8.0% from 3Q 2024). Net income: NT$71.6m (up 8.1% from 3Q 2024). Profit margin: 3.9% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$0.06 (vs NT$0.57 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.06. Revenue: NT$1.71b (up 10% from 2Q 2024). Net income: NT$59.6m (up 4.6% from 2Q 2024). Profit margin: 3.5% (down from 3.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Upcoming Dividend • Jul 03
Upcoming dividend of NT$2.60 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.8%). Announcement • Jun 13
Syscom Computer Engineering Co. Announces Appointments to Sustainable Development Committee, Effective Date: June 11, 2025 Syscom Computer Engineering Co. approved the establishment of a sustainable development committee and nomination committee members Newly Appointed Members:Jui-Long Liu – Director and President of the company,
Anthony Tseng – Chief Sustainability Officer and Vice President and Ta-Yu Deng – Principal Division Chief. Effective Date: June 11, 2025. Declared Dividend • Jun 13
Dividend increased to NT$2.60 Dividend of NT$2.60 is 8.3% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (229% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 13
First quarter 2025 earnings released: EPS: NT$0.89 (vs NT$0.86 in 1Q 2024) First quarter 2025 results: EPS: NT$0.89 (up from NT$0.86 in 1Q 2024). Revenue: NT$1.47b (up 5.3% from 1Q 2024). Net income: NT$88.9m (up 3.7% from 1Q 2024). Profit margin: 6.0% (down from 6.1% in 1Q 2024). The decrease in margin was driven by higher 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 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
Syscom Computer Engineering Co. to Report Q1, 2025 Results on May 09, 2025 Syscom Computer Engineering Co. announced that they will report Q1, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$65.30, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 23x in the IT industry in Taiwan. Total returns to shareholders of 170% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$56.10, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$73.10, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 24x in the IT industry in Taiwan. Total returns to shareholders of 209% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$3.06 (vs NT$2.78 in FY 2023) Full year 2024 results: EPS: NT$3.06 (up from NT$2.78 in FY 2023). Revenue: NT$6.93b (up 8.6% from FY 2023). Net income: NT$306.4m (up 10% from FY 2023). Profit margin: 4.4% (in line with FY 2023). 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 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 13
Syscom Computer Engineering Co., Annual General Meeting, Jun 11, 2025 Syscom Computer Engineering Co., Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: b1 floor no,115, o mei st., taipei city Taiwan Announcement • Mar 04
Syscom Computer Engineering Co. to Report Fiscal Year 2024 Results on Mar 12, 2025 Syscom Computer Engineering Co. announced that they will report fiscal year 2024 results on Mar 12, 2025 Board Change • Feb 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Feng Chiu Yu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$65.70, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 23x in the IT industry in Taiwan. Total returns to shareholders of 184% over the past three years. New Risk • Dec 23
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 6.1% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$61.20, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 160% over the past three years. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.66 (vs NT$0.68 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.66 (down from NT$0.68 in 3Q 2023). Revenue: NT$1.71b (up 9.4% from 3Q 2023). Net income: NT$66.2m (down 2.8% from 3Q 2023). Profit margin: 3.9% (down from 4.3% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 05
Syscom Computer Engineering Co. to Report Q3, 2024 Results on Nov 12, 2024 Syscom Computer Engineering Co. announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.57 (vs NT$0.37 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.57 (up from NT$0.37 in 2Q 2023). Revenue: NT$1.55b (up 8.2% from 2Q 2023). Net income: NT$56.9m (up 53% from 2Q 2023). Profit margin: 3.7% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 07
Now 25% overvalued Over the last 90 days, the stock has fallen 6.9% to NT$53.60. The fair value is estimated to be NT$42.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 14%. Announcement • Aug 03
Syscom Computer Engineering Co. to Report Q2, 2024 Results on Aug 12, 2024 Syscom Computer Engineering Co. announced that they will report Q2, 2024 results on Aug 12, 2024 Declared Dividend • Jun 27
Dividend increased to NT$2.40 Dividend of NT$2.40 is 9.1% higher than last year. Ex-date: 11th July 2024 Payment date: 9th August 2024 Dividend yield will be 3.8%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 25
Syscom Computer Engineering Co. Approves Cash Dividend, Payable on August 9, 2024 On June 24, 2024, Syscom Computer Engineering Co. approved cash dividends of TWD 240,000,000 (TWD 2.4 per share). Ex-rights (ex-dividend) trading date is July 11, 2024. Ex-rights (ex-dividend) record date is July 17, 2024. Payment date of common stock cash dividend distribution is August 9, 2024. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: NT$0.86 (vs NT$0.84 in 1Q 2023) First quarter 2024 results: EPS: NT$0.86 (up from NT$0.84 in 1Q 2023). Revenue: NT$1.40b (up 12% from 1Q 2023). Net income: NT$85.7m (up 1.5% from 1Q 2023). Profit margin: 6.1% (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 14% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 02
Syscom Computer Engineering Co. to Report Q1, 2024 Results on May 09, 2024 Syscom Computer Engineering Co. announced that they will report Q1, 2024 results on May 09, 2024 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$66.70, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 227% over the past three years. Announcement • Mar 15
Syscom Computer Engineering Co., Annual General Meeting, Jun 12, 2024 Syscom Computer Engineering Co., Annual General Meeting, Jun 12, 2024. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: NT$2.78 (vs NT$2.51 in FY 2022) Full year 2023 results: EPS: NT$2.78 (up from NT$2.51 in FY 2022). Revenue: NT$6.38b (up 7.3% from FY 2022). Net income: NT$278.3m (up 11% from FY 2022). Profit margin: 4.4% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$0.68 (vs NT$0.58 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.68 (up from NT$0.58 in 3Q 2022). Revenue: NT$1.57b (up 4.9% from 3Q 2022). Net income: NT$68.1m (up 18% from 3Q 2022). Profit margin: 4.3% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$58.80, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 323% over the past three years. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.37 (vs NT$0.27 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.37 (up from NT$0.27 in 2Q 2022). Revenue: NT$1.43b (up 12% from 2Q 2022). Net income: NT$37.3m (up 38% from 2Q 2022). Profit margin: 2.6% (up from 2.1% 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 22% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 06
Upcoming dividend of NT$2.20 per share at 3.1% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 08 August 2023. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$74.50, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 25x in the IT industry in Taiwan. Total returns to shareholders of 445% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$79.00, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 490% over the past three years. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: NT$2.51 (vs NT$2.16 in FY 2021) Full year 2022 results: EPS: NT$2.51 (up from NT$2.16 in FY 2021). Revenue: NT$5.95b (up 1.4% from FY 2021). Net income: NT$250.7m (up 16% from FY 2021). Profit margin: 4.2% (up from 3.7% in FY 2021). 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 71% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$62.90, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 450% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$32.50, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 15x in the IT industry in Taiwan. Total returns to shareholders of 144% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.58 (vs NT$0.48 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.58 (up from NT$0.48 in 3Q 2021). Revenue: NT$1.49b (up 2.0% from 3Q 2021). Net income: NT$57.7m (up 20% from 3Q 2021). Profit margin: 3.9% (up from 3.3% 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 27% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.58 (vs NT$0.48 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.58 (up from NT$0.48 in 3Q 2021). Revenue: NT$1.49b (up 2.0% from 3Q 2021). Net income: NT$57.7m (up 20% from 3Q 2021). Profit margin: 3.9% (up from 3.3% 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 27% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.40 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.27 (down from NT$0.40 in 2Q 2021). Revenue: NT$1.28b (flat on 2Q 2021). Net income: NT$27.0m (down 32% from 2Q 2021). Profit margin: 2.1% (down from 3.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 29% 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 • Jul 07
Upcoming dividend of NT$1.90 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 09 August 2022. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (5.1%). Buying Opportunity • Apr 27
Now 21% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be NT$35.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 34%. Announcement • Mar 23
Syscom Computer Engineering Co., Annual General Meeting, Jun 15, 2022 Syscom Computer Engineering Co., Annual General Meeting, Jun 15, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.34 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: NT$1.46b (flat on 3Q 2020). Net income: NT$48.2m (up 40% from 3Q 2020). Profit margin: 3.3% (up from 2.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 30% per year. Upcoming Dividend • Aug 20
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 24 September 2021. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.8%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.38 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: NT$1.28b (down 2.7% from 2Q 2020). Net income: NT$39.5m (up 3.9% from 2Q 2020). Profit margin: 3.1% (up from 2.9% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.43 (vs NT$0.24 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.18b (up 14% from 1Q 2020). Net income: NT$42.8m (up 75% from 1Q 2020). Profit margin: 3.6% (up from 2.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. 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$23.70, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 15x in the IT industry in Taiwan. Total returns to shareholders of 98% over the past three years. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$1.70 (vs NT$1.29 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$5.76b (down 2.6% from FY 2019). Net income: NT$170.0m (up 32% from FY 2019). Profit margin: 3.0% (up from 2.2% in FY 2019). The increase in margin was driven by lower 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 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 21% share price gain to NT$21.75, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 17x in the IT industry in Taiwan. Total returns to shareholders of 73% over the past three years. Is New 90 Day High Low • Dec 18
New 90-day high: NT$18.00 The company is up 4.0% from its price of NT$17.30 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 1.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.34 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.47b (up 7.6% from 3Q 2019). Net income: NT$34.5m (up 25% from 3Q 2019). Profit margin: 2.3% (up from 2.0% in 3Q 2019). The increase in margin was driven by higher revenue. 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 6% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Sep 24
New 90-day low: NT$16.30 The company is down 13% from its price of NT$18.80 on 24 June 2020. The Taiwanese market is up 7.0% 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.