Declared Dividend • Jun 08
Dividend of NT$6.00 announced Shareholders will receive a dividend of NT$6.00. Ex-date: 23rd June 2026 Payment date: 10th July 2026 Dividend yield will be 4.2%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (76% 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 over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$158, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 16x in the IT industry in Taiwan. Total returns to shareholders of 80% over the past three years. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: NT$2.64 (vs NT$1.00 in 1Q 2025) First quarter 2026 results: EPS: NT$2.64 (up from NT$1.00 in 1Q 2025). Revenue: NT$12.0b (up 22% from 1Q 2025). Net income: NT$718.3m (up 165% from 1Q 2025). Profit margin: 6.0% (up from 2.8% in 1Q 2025). 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 12% per year. Reported Earnings • Mar 10
Full year 2025 earnings released: EPS: NT$7.91 (vs NT$7.66 in FY 2024) Full year 2025 results: EPS: NT$7.91 (up from NT$7.66 in FY 2024). Revenue: NT$44.0b (up 13% from FY 2024). Net income: NT$2.15b (up 9.8% from FY 2024). Profit margin: 4.9% (down from 5.0% in FY 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the IT industry in Taiwan. 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 13% per year. Announcement • Feb 26
Systex Corporation, Annual General Meeting, May 28, 2026 Systex Corporation, Annual General Meeting, May 28, 2026. Location: b1 floor no,318, jui kuang rd., neihu district, taipei city Taiwan Announcement • Feb 02
ITOCHU Corporation (TSE:8001) acquired an unknown minority stake in Systex Corporation (TWSE:6214). ITOCHU Corporation (TSE:8001) acquired an unknown minority stake in Systex Corporation (TWSE:6214) on February 2, 2026.
ITOCHU Corporation (TSE:8001) completed the acquisition an unknown minority stake in Systex Corporation (TWSE:6214) on February 2, 2026. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$2.07 (vs NT$1.79 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.07 (up from NT$1.79 in 3Q 2024). Revenue: NT$12.6b (up 37% from 3Q 2024). Net income: NT$562.8m (up 24% from 3Q 2024). Profit margin: 4.5% (down from 4.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: NT$2.34 (vs NT$1.87 in 2Q 2024) Second quarter 2025 results: EPS: NT$2.34 (up from NT$1.87 in 2Q 2024). Revenue: NT$10.1b (up 14% from 2Q 2024). Net income: NT$635.3m (up 36% from 2Q 2024). Profit margin: 6.3% (up from 5.2% in 2Q 2024). 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 whereas the company’s share price has increased by 16% per year. Declared Dividend • Jun 11
Dividend of NT$5.20 announced Dividend of NT$5.20 is the same as last year. Ex-date: 24th June 2025 Payment date: 11th July 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (70% 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 10 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • May 11
First quarter 2025 earnings released: EPS: NT$1.00 (vs NT$2.63 in 1Q 2024) First quarter 2025 results: EPS: NT$1.00 (down from NT$2.63 in 1Q 2024). Revenue: NT$9.84b (down 3.5% from 1Q 2024). Net income: NT$271.6m (down 59% from 1Q 2024). Profit margin: 2.8% (down from 6.4% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
Systex Corporation to Report Q1, 2025 Results on May 07, 2025 Systex Corporation announced that they will report Q1, 2025 results on May 07, 2025 Announcement • Apr 10
Systex Corporation Proposes Dividend for Year 2024 Systex Corporation proposed dividend of Total amount of cash distributed to shareholders: TWD 1,415,663,943; Period which dividends belong to: January 1, 2024 to December 31, 2024. Appropriations of earnings in cash dividends to shareholders: TWD 5.2 per share for year 2024. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$99.70, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 42% over the past three years. Announcement • Feb 27
Systex Corporation, Annual General Meeting, May 28, 2025 Systex Corporation, Annual General Meeting, May 28, 2025. Location: b1 floor no,318, jui kuang rd., neihu district, taipei city Taiwan Announcement • Feb 19
Systex Corporation to Report Q4, 2024 Results on Feb 26, 2025 Systex Corporation announced that they will report Q4, 2024 results on Feb 26, 2025 New Risk • Jan 24
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: Major Risks Earnings have declined by 1.9% per year over the past 5 years. High level of non-cash earnings (51% accrual ratio). 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). 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 Shareholders have been diluted in the past year (8.5% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$157, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 115% over the past three years. New Risk • Nov 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.5% 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 Risks Earnings have declined by 1.9% per year over the past 5 years. High level of non-cash earnings (51% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (8.5% increase in shares outstanding). Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: NT$1.79 (vs NT$1.36 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.79 (up from NT$1.36 in 3Q 2023). Revenue: NT$9.20b (up 11% from 3Q 2023). Net income: NT$454.3m (up 35% from 3Q 2023). Profit margin: 4.9% (up from 4.1% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year. Announcement • Oct 30
Systex Corporation to Report Q3, 2024 Results on Nov 06, 2024 Systex Corporation announced that they will report Q3, 2024 results on Nov 06, 2024 Announcement • Sep 14
Systex Corporation Announces the Resignation of Lu, Hsi-Peng as Audit Committee Member Systex Corporation announced the resignation of Lu, Hsi-Peng as Audit Committee member. Resume of the previous position holder: The distinguished professor at National Taiwan University of Science and Technology. Reason for the change: The independent Director of SYSTEX Corp., Mr.Lu,Hsi-Peng is also one of the Independent Directors of TAIWAN MOBILE CO., LTD. TAIWAN MOBILE CO., LTD. has acquired SYSTEX Corp. shares exceeding 5% of its total shares issued on September 13, 2024. Mr. Lu,Hsi-Peng is ipso facto dismissed from SYSTEX Corp. in accordance with Article 2 Clause 3 and Article 3 Clause 1 Item 5 of Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies. Announcement • Sep 13
Systex Corporation Announces Resignation of Institutional Director Systex Corporation announced the resignation of Wu, Cheng-Huan (Representative of Hanmore Investment Corp.): Chairman, representative of Hanmore Investment Corp., and Lin, Chih-Min (Representative of Hanmore Investment Corp.): Director, representative of Hanmore Investment Corp. Original term: May 26, 2022-May 25, 2025. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: NT$1.87 (vs NT$1.72 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.87 (up from NT$1.72 in 2Q 2023). Revenue: NT$8.91b (up 6.9% from 2Q 2023). Net income: NT$466.1m (up 9.4% from 2Q 2023). Profit margin: 5.2% (up from 5.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Announcement • Jul 30
Systex Corporation to Report Q2, 2024 Results on Aug 06, 2024 Systex Corporation announced that they will report Q2, 2024 results on Aug 06, 2024 Announcement • Jul 17
Systex Corporation (TWSE:6214) proposed to acquire 20.40% stake in Neweb Information Co., Ltd. (TPEX:6938) in a tender offer transaction for TWD 180 million. Systex Corporation (TWSE:6214) proposed to acquire 20.40% stake in Neweb Information Co., Ltd. (TPEX:6938) for TWD 180 million in a tender offer transaction on July 15, 2024. A cash consideration valued at TWD 72 per share will be paid by Systex Corporation.
The expected completion of the transaction is August 5, 2024. Upcoming Dividend • Jun 18
Upcoming dividend of NT$5.20 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 09 July 2024. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (3.8%). Declared Dividend • Jun 11
Dividend of NT$5.20 announced Shareholders will receive a dividend of NT$5.20. Ex-date: 25th June 2024 Payment date: 9th July 2024 Dividend yield will be 4.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 08
Systex Corporation Announces Total Cash Dividend, Payable on 9 July 2024 Systex Corporation announced total cash dividend from 2023 retained earnings of TWD 1,415,977,180. Ex-rights (ex-dividend) trading date: 25 June 2024. Ex-rights (ex-dividend) record date: 1 July 2024. Payment date of common stock cash dividend distribution: 9 July 2024. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$2.63 (vs NT$1.84 in 1Q 2023) First quarter 2024 results: EPS: NT$2.63 (up from NT$1.84 in 1Q 2023). Revenue: NT$10.2b (up 24% from 1Q 2023). Net income: NT$654.6m (up 44% from 1Q 2023). Profit margin: 6.4% (up from 5.5% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • May 02
Systex Corporation to Report Q1, 2024 Results on May 08, 2024 Systex Corporation announced that they will report Q1, 2024 results on May 08, 2024 Announcement • Apr 11
Systex Corporation Proposes Cash Dividend for the Year Ended December 31, 2023 Systex Corporation proposed cash dividend of TWD 5.2 per share for the year ended December 31, 2023. Per value of common stock is TWD 10. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: NT$6.02 (vs NT$4.40 in FY 2022) Full year 2023 results: EPS: NT$6.02 (up from NT$4.40 in FY 2022). Revenue: NT$35.2b (up 6.2% from FY 2022). Net income: NT$1.49b (up 37% from FY 2022). Profit margin: 4.2% (up from 3.3% in FY 2022). 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 9% per year, which means it is well ahead of earnings. Announcement • Feb 28
Systex Corporation, Annual General Meeting, May 29, 2024 Systex Corporation, Annual General Meeting, May 29, 2024. Location: Conference Room B1, SYSTEX CORPORATION Building Tai Pei Taiwan Agenda: To approve 2023 Business report and Financial statements; to approve Audit Committee' s review report on 2023 Financial Statements; to 2023 directors' and employees' compensation; to approve2023 cash dividends distribution from retained earnings; to consider 2023 status report of company’s investment in Mainland China; to consider 2023 execution status of Endorsement and Guarantee; to consider the amendment of the rules of procedure for board of Directors Meetings; to discuss and approve the amendment to Articles of Incorporation; to discuss and approve the amendment to the issuance of 2022 employee restricted stock awards. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: NT$1.36 (vs NT$1.27 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.36 (up from NT$1.27 in 3Q 2022). Revenue: NT$8.30b (down 2.9% from 3Q 2022). Net income: NT$337.0m (up 7.4% from 3Q 2022). Profit margin: 4.1% (up from 3.7% in 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Aug 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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: Major Risk Earnings have declined by 1.7% per year over the past 5 years. 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 (7.2% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: NT$1.72 (vs NT$0.63 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.72 (up from NT$0.63 in 2Q 2022). Revenue: NT$8.33b (up 8.3% from 2Q 2022). Net income: NT$426.2m (up 173% from 2Q 2022). Profit margin: 5.1% (up from 2.0% in 2Q 2022). 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 11% per year, which means it is well ahead of earnings. New Risk • Jul 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: Major Risk Earnings have declined by 1.5% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (101% payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Reported Earnings • Jun 28
First quarter 2023 earnings released: EPS: NT$1.84 (vs NT$1.27 in 1Q 2022) First quarter 2023 results: EPS: NT$1.84 (up from NT$1.27 in 1Q 2022). Revenue: NT$8.23b (up 6.7% from 1Q 2022). Net income: NT$455.5m (up 45% from 1Q 2022). Profit margin: 5.5% (up from 4.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$117, the stock trades at a trailing P/E ratio of 23.8x. Average forward P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 75% over the past three years. Upcoming Dividend • Jun 14
Upcoming dividend of NT$5.00 per share at 4.8% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 07 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.9%). Announcement • Jun 07
Systex Corporation Announces 2022 Cash Dividend, Payable on July 7, 2023 Systex Corporation announced total cash dividend from 2022 retained earnings is TWD 1,361,516,520. Ex-rights (ex-dividend) trading date: June 21, 2023. Ex-rights (ex-dividend) record date: July 1, 2023. Payment date of cash dividend distribution: July 7, 2023. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: NT$4.40 (vs NT$4.90 in FY 2021) Full year 2022 results: EPS: NT$4.40 (down from NT$4.90 in FY 2021). Revenue: NT$33.1b (up 12% from FY 2021). Net income: NT$1.09b (down 10% from FY 2021). Profit margin: 3.3% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$1.26 (vs NT$0.93 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.26 (up from NT$0.93 in 3Q 2021). Revenue: NT$8.55b (up 9.8% from 3Q 2021). Net income: NT$313.7m (up 36% from 3Q 2021). Profit margin: 3.7% (up from 3.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: NT$0.63 (vs NT$1.36 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.63 (down from NT$1.36 in 2Q 2021). Revenue: NT$7.70b (up 13% from 2Q 2021). Net income: NT$156.2m (down 54% from 2Q 2021). Profit margin: 2.0% (down from 4.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Buying Opportunity • Jun 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be NT$96.29, 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 4.1%. Upcoming Dividend • Jun 16
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 08 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.7%). Announcement • Jun 09
Systex Corporation Announces Cash Dividend for the Year 2021, Payable on July 8, 2022 Systex Corporation announced type and monetary amount of dividend distribution: cash dividend from 2021 retained earnings is TWD 1,131,451,877 and cash dividend from the capital surplus is TWD 215,514,643. Total cash dividend is TWD 1,346,966,520. Ex-rights (ex-dividend) record date is June 30, 2022. Cash dividend is expected to be distributed on July 8, 2022. Buying Opportunity • May 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be NT$96.05, 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 4.1%. Reported Earnings • May 09
First quarter 2022 earnings released: EPS: NT$1.27 (vs NT$2.03 in 1Q 2021) First quarter 2022 results: EPS: NT$1.27 (down from NT$2.03 in 1Q 2021). Revenue: NT$7.72b (up 5.0% from 1Q 2021). Net income: NT$314.5m (down 38% from 1Q 2021). Profit margin: 4.1% (down from 6.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Board Change • Apr 27
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. 9 non-independent directors. Independent Director Chien-Hua Lai was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 25
Systex Corporation, Annual General Meeting, May 26, 2022 Systex Corporation, Annual General Meeting, May 26, 2022. Location: 2F, 399, Rueiguang Rd.,Neihu District Taipei City Taiwan Agenda: To consider 2021 Business report and Financial statements; to consider Audit Committee’s review report on 2021 Financial Statements; to consider 2021 directors’ and employees’ compensation; to consider 2021 cash dividends distribution from retained earnings; to consider 2021 execution status of Endorsement and Guarantee; to consider 2021 Issuance of unsecured corporate bond; to consider the amendment of ”Codes of Conduct for Directors and Managers; to consider 2021 Business report and Financial statements; to consider 2021 Retained earnings distribution; to discuss and approve the amendment to ”Articles of Incorporation”; to discuss and approve the amendment to ”Procedures for the Acquisition and Disposal of Assets”; and to discuss and approve the issuance of 2022 new restricted employee shares. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: NT$4.90 (down from NT$6.72 in FY 2020). Revenue: NT$29.5b (up 24% from FY 2020). Net income: NT$1.21b (down 27% from FY 2020). Profit margin: 4.1% (down from 7.0% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. 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 8% per year. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.93 (vs NT$2.03 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$7.78b (up 40% from 3Q 2020). Net income: NT$230.5m (down 54% from 3Q 2020). Profit margin: 3.0% (down from 9.1% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$1.36 (vs NT$3.07 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$6.82b (up 16% from 2Q 2020). Net income: NT$336.5m (down 56% from 2Q 2020). Profit margin: 4.9% (down from 13% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 08
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 15 July 2021. Payment date: 29 July 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%). Reported Earnings • Mar 17
Full year 2020 earnings released: EPS NT$6.72 (vs NT$7.31 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$23.7b (up 7.6% from FY 2019). Net income: NT$1.67b (down 7.8% from FY 2019). Profit margin: 7.0% (down from 8.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
Systex Corporation, Annual General Meeting, May 27, 2021 Systex Corporation, Annual General Meeting, May 27, 2021. Location: Liberty Square Convention Center 2F, 399, Rueiguang Rd.,Neihu District Taipei City Taiwan Agenda: To consider 2020 business report and financial statements; to consider audit committee's review report on 2020 financial statements; to consider 2020 execution status of endorsement and guarantee; to consider 2020 business report and financial statements; to discuss and approve the amendment to articles of incorporation; and to consider other matters. Announcement • Feb 04
Systex Corporation Announces Executive Changes Systex Corporation announced Change of director of the company. Title, name and resume of the previous position holder: Huang, Tsong-Jen/Director of SYSTEX Corporation and Title, name and resume of the new position holder: Chung, Chih-Chun/CFO and Company Secretary of SYSTEX Corporation. Effective date of new appointment is Feb. 3, 2021. Announcement • Dec 25
Systex Corporation Announces Change of Chairperson Systex Corporation announced change of the chairperson of the company. Name and resume of the previous position holder is Lin, Lung-Fen/Director and General manager of the company and Name and resume of the new position holder is Lin, Lung-Fen/Director and General manager of the company. The original chairperson resigned because of personal career planning and the new chairperson was elected by the board of directors. Effective date of the new appointment is December 23, 2020. Is New 90 Day High Low • Dec 08
New 90-day high: NT$85.30 The company is up 3.0% from its price of NT$83.00 on 09 September 2020. The Taiwanese market is up 12% 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 13
Third quarter 2020 earnings released: EPS NT$2.03 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$5.57b (down 1.8% from 3Q 2019). Net income: NT$504.5m (up 77% from 3Q 2019). Profit margin: 9.1% (up from 5.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.