Declared Dividend • May 29
Dividend increased to NT$0.60 Dividend of NT$0.60 is 200% higher than last year. Ex-date: 10th June 2026 Payment date: 8th July 2026 Dividend yield will be 0.6%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 43%. Cash payout ratio: 57%. Reported Earnings • May 12
First quarter 2026 earnings released: EPS: NT$0.46 (vs NT$0.27 in 1Q 2025) First quarter 2026 results: EPS: NT$0.46 (up from NT$0.27 in 1Q 2025). Revenue: NT$629.4m (up 22% from 1Q 2025). Net income: NT$89.4m (up 71% from 1Q 2025). Profit margin: 14% (up from 10% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • Feb 23
Baotek Industrial Materials Ltd., Annual General Meeting, May 26, 2026 Baotek Industrial Materials Ltd., Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: no,3, ch`ing nien rd., yangmei district, taoyuan city Taiwan Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: NT$1.19 (vs NT$0.78 in FY 2024) Full year 2025 results: EPS: NT$1.19 (up from NT$0.78 in FY 2024). Revenue: NT$2.28b (up 16% from FY 2024). Net income: NT$232.3m (up 53% from FY 2024). Profit margin: 10% (up from 7.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$84.20, the stock trades at a trailing P/E ratio of 78.5x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$73.80, the stock trades at a trailing P/E ratio of 68.8x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 196% over the past three years. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$0.41 (vs NT$0.13 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.41 (up from NT$0.13 in 3Q 2024). Revenue: NT$573.3m (up 3.9% from 3Q 2024). Net income: NT$79.2m (up 217% from 3Q 2024). Profit margin: 14% (up from 4.5% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$53.30, the stock trades at a trailing P/E ratio of 67.1x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 110% over the past three years. Buy Or Sell Opportunity • Sep 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to NT$46.00. The fair value is estimated to be NT$38.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 36%. New Risk • Aug 19
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 8.1% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$56.70, the stock trades at a trailing P/E ratio of 71.3x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 92% over the past three years. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.19 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.11 (down from NT$0.19 in 2Q 2024). Revenue: NT$588.3m (up 30% from 2Q 2024). Net income: NT$20.7m (down 45% from 2Q 2024). Profit margin: 3.5% (down from 8.3% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 16% per year, which means it is significantly lagging earnings growth. Board Change • Jun 17
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 Chih-Chieh Tsai was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 11
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 18 June 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%). New Risk • Jun 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 8.6% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 03
Baotek Industrial Materials Ltd. Announces Dividend Distribution, Payable on July 15, 2025 Baotek Industrial Materials Ltd. announced dividend distribution of TWD 0.2 in cash dividends per share amounted to TWD 38,978,793. Ex-rights (Ex-dividend) date: June 18, 2025. Ex-rights (Ex-dividend) record date: June 24, 2025. Payment date of cash dividend distribution: July 15, 2025. Announcement • May 29
Baotek Industrial Materials Ltd. Approves Election of Tsai, Chih-Chieh as Independent Director Baotek Industrial Materials Ltd. announced that at its AGM held on May 28, 2025, the shareholders approved election of Independent Director: Tsai, Chih-Chieh. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.27 (vs NT$0.17 in 1Q 2024) First quarter 2025 results: EPS: NT$0.27 (up from NT$0.17 in 1Q 2024). Revenue: NT$515.2m (up 19% from 1Q 2024). Net income: NT$52.3m (up 63% from 1Q 2024). Profit margin: 10% (up from 7.4% in 1Q 2024). 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 only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$39.60, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 48% over the past three years. Buy Or Sell Opportunity • May 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.9% to NT$32.35. The fair value is estimated to be NT$40.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 18%. Announcement • May 03
Baotek Industrial Materials Ltd. to Report Q1, 2025 Results on May 12, 2025 Baotek Industrial Materials Ltd. announced that they will report Q1, 2025 results on May 12, 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$29.05, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 2.4% over the past three years. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to NT$32.25. The fair value is estimated to be NT$41.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 18%. New Risk • Mar 26
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 6.0% 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: Major Risk Earnings have declined by 6.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). Announcement • Feb 21
Baotek Industrial Materials Ltd., Annual General Meeting, May 28, 2025 Baotek Industrial Materials Ltd., Annual General Meeting, May 28, 2025. Location: no,3, ch`ing nien rd., yangmei district, taoyuan city Taiwan Announcement • Feb 13
Baotek Industrial Materials Ltd. to Report Fiscal Year 2024 Results on Feb 20, 2025 Baotek Industrial Materials Ltd. announced that they will report fiscal year 2024 results on Feb 20, 2025 Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$43.60, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 18% over the past three years. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.13 (vs NT$0.062 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.13 (up from NT$0.062 in 3Q 2023). Revenue: NT$551.5m (up 79% from 3Q 2023). Net income: NT$25.0m (up 106% from 3Q 2023). Profit margin: 4.5% (up from 3.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.19 (vs NT$0.01 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.19 (up from NT$0.01 loss in 2Q 2023). Revenue: NT$453.8m (up 83% from 2Q 2023). Net income: NT$37.5m (up NT$39.4m from 2Q 2023). Profit margin: 8.3% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Aug 02
Baotek Industrial Materials Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Baotek Industrial Materials Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.16 (vs NT$0.012 in 1Q 2023) First quarter 2024 results: EPS: NT$0.16 (up from NT$0.012 in 1Q 2023). Revenue: NT$432.7m (up 54% from 1Q 2023). Net income: NT$32.1m (up NT$29.8m from 1Q 2023). Profit margin: 7.4% (up from 0.8% in 1Q 2023). The increase in margin was driven by higher revenue. 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 17% per year, which means it is well ahead of earnings. New Risk • Mar 13
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 5.8% 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 Risk Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). New Risk • Mar 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 69% 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 28% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: NT$0.13 (vs NT$0.43 in FY 2022) Full year 2023 results: EPS: NT$0.13 (down from NT$0.43 in FY 2022). Revenue: NT$1.23b (down 7.7% from FY 2022). Net income: NT$24.9m (down 70% from FY 2022). Profit margin: 2.0% (down from 6.3% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Feb 28
Baotek Industrial Materials Ltd. Announces Executive Changes Baotek Industrial Materials Ltd. announced that change in representative of the Company's institutional director. Name of the previous position holder: Shigeoka So; Resume of the previous position holder: Director of Nittobo Techno Co. Ltd. Name of the new position holder: Ambo Ryo; Resume of the new position holder: Economics, Keio University; Director of Nittobo Asia Glass Fiber CO., LTD. Effective date of the new appointment: April 01, 2024. Announcement • Feb 27
Baotek Industrial Materials Ltd., Annual General Meeting, Jun 13, 2024 Baotek Industrial Materials Ltd., Annual General Meeting, Jun 13, 2024. Location: No.3, Qingnian Rd., Yangmei Dist., Taoyuan City 326 China Motor Training Center Taoyuan City Taiwan Agenda: To consider Business Report of 2023 and Business Outlook of 2024; to consider Audit Committee's review of the 2023 Final Report; to consider report the performance assessments and compensation levels of directors, and managerial officers; to consider Acknowledgment of the 2023 Business Report and Financial Statements; to consider Acknowledgment of the 2023 Deficit Compensation; and to consider other matters. New Risk • Aug 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.2% Last year net profit margin: 6.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.2% net profit margin). Announcement • Aug 10
Baotek Industrial Materials Ltd. Announces the Change of Chief Internal Auditor, Effective from September 1, 2023 Baotek Industrial Materials Ltd. announced the change of Chief Internal Auditor. Name, title, and resume of the previous position holder: Lin, Chih-Hua Special assistant to the operation management office of the company. Name, title, and resume of the new position holder: Yu, Wei-Ting Assistant manager of the technology department of the company. Effective date is September 1, 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings released: NT$0.01 loss per share (vs NT$0.18 profit in 2Q 2022) Second quarter 2023 results: NT$0.01 loss per share (down from NT$0.18 profit in 2Q 2022). Revenue: NT$248.3m (down 33% from 2Q 2022). Net loss: NT$1.90m (down 105% from profit in 2Q 2022). 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 7% per year, which means it is well ahead of earnings. New Risk • Jun 27
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 7.9% 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 Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 20% per year over the past 5 years. Board Change • Apr 13
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 Chih-Liang Chang 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. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: NT$0.43 (vs NT$0.27 in FY 2021) Full year 2022 results: EPS: NT$0.43 (up from NT$0.27 in FY 2021). Revenue: NT$1.33b (down 4.9% from FY 2021). Net income: NT$84.3m (up 59% from FY 2021). Profit margin: 6.3% (up from 3.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 24% share price gain to NT$30.30, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 43% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.073 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.11 (up from NT$0.073 in 3Q 2021). Revenue: NT$285.2m (down 19% from 3Q 2021). Net income: NT$21.7m (up 53% from 3Q 2021). Profit margin: 7.6% (up from 4.0% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year and the company’s share price has also fallen by 20% per year. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.073 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.11 (up from NT$0.073 in 3Q 2021). Revenue: NT$285.2m (down 19% from 3Q 2021). Net income: NT$21.7m (up 53% from 3Q 2021). Profit margin: 7.6% (up from 4.0% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 21% per year. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 18% share price gain to NT$27.95, the stock trades at a trailing P/E ratio of 64.7x. Average trailing P/E is 10x in the Electronic industry in Taiwan. Total loss to shareholders of 48% over the past three years. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: NT$0.18 (vs NT$0.062 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.18 (up from NT$0.062 in 2Q 2021). Revenue: NT$370.7m (up 3.3% from 2Q 2021). Net income: NT$35.9m (up 199% from 2Q 2021). Profit margin: 9.7% (up from 3.3% in 2Q 2021). The increase in margin 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 only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Aug 06
Baotek Industrial Materials Ltd. Announces Appointment of Members of the Company's 5th Remuneration Committee Baotek Industrial Materials Ltd. announced appointment of members of the company's 5th remuneration committee. Name of the previous position holder: Chang, Chih-LiangBYang,Yan-Shou¡BWang, Chia-Nan. Resume of the previous position holder: Chang, Chih-Liang: General manager and deputy chairman of Daiwa-Cathay Capital Markets Co., Ltd; Yang,Yan-Shou: Attorney of HI Law Firm; Wang, Chia-Nan: Independent director of Forward Electronics Co. Ltd. Name of the new position holder: Chang, Chih-Liang?Yang,Yan-Shou?Wang, Chia-Nan. Chang, Chih-Liang: General manager and deputy chairman of Daiwa-Cathay Capital Markets Co. Ltd.; Yang,Yan-Shou: Attorney of HI Law Firm; Wang, Chia-Nan:I ndependent director of Forward Electronics Co. Ltd. Effective date of the new member: August 5, 2022. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: NT$0.12 (vs NT$0.084 in 1Q 2021) First quarter 2022 results: EPS: NT$0.12 (up from NT$0.084 in 1Q 2021). Revenue: NT$338.1m (down 8.9% from 1Q 2021). Net income: NT$23.7m (up 45% from 1Q 2021). Profit margin: 7.0% (up from 4.4% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. 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. 7 non-independent directors. Independent Director Chih-Liang Chang 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. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$0.27 (down from NT$0.49 in FY 2020). Revenue: NT$1.40b (down 3.2% from FY 2020). Net income: NT$52.9m (down 45% from FY 2020). Profit margin: 3.8% (down from 6.6% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Feb 26
Baotek Industrial Materials Ltd., Annual General Meeting, Jun 17, 2022 Baotek Industrial Materials Ltd., Annual General Meeting, Jun 17, 2022. Location: No.3, Qingnian Rd., Yangmei Dist., Taoyuan City 326, Taiwan Taoyuan City Taiwan Agenda: To consider Business Report of 2021 and Business Outlook of 2022; to consider Audit Committee's review of the 2021 Final Report; to consider report the performance assessments and compensation levels of directors, and managerial officers; to consider acknowledgment of the 2021 Business Report and Financial Statements; to consider acknowledgment of the 2021 Deficit Compensation; to consider discussion of amendments to the Company's Acquisition or Disposal of Assets Procedure; to consider elect the Company's 11th term of Directors; to consider discussion to approve the lifting of non-competition restrictions for directors of the Company; and to consider other matters. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.14 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: NT$353.4m (flat on 3Q 2020). Net income: NT$14.2m (down 50% from 3Q 2020). Profit margin: 4.0% (down from 7.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.13 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$358.8m (down 1.3% from 2Q 2020). Net income: NT$12.0m (down 54% from 2Q 2020). Profit margin: 3.3% (down from 7.2% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$37.65, the stock trades at a trailing P/E ratio of 76.8x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 257% over the past three years. Executive Departure • Apr 08
Chairman of the Board Alan Chiang has left the company On the 1st of April, Alan Chiang's tenure in the role of Chairman of the Board ended. We don't have any record of a personal shareholding under Alan's name. Alan is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$0.49 (vs NT$0.58 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.45b (down 2.0% from FY 2019). Net income: NT$95.7m (down 16% from FY 2019). Profit margin: 6.6% (down from 7.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 16% share price gain to NT$38.60, the stock trades at a trailing P/E ratio of 72.1x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 278% over the past three years. Announcement • Mar 19
Baotek Industrial Materials Ltd. Announces Executive Changes Baotek Industrial Materials Ltd. announced name and resume of the previous position holder: Alan Chiang¡þ Chairperson of the company and name and resume of the new position holder: Hayashi Hisanobu¡þ Director of the company. Reason for the change is the previous chairperson retires, and the board of directors elects the new chairman. Effective date of the new appointment is April 1, 2021. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 17% share price gain to NT$40.00, the stock is trading at a trailing P/E ratio of 74.9x, up from the previous P/E ratio of 63.9x. This compares to an average P/E of 16x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 239%. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.15 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$356.1m (down 11% from 3Q 2019). Net income: NT$28.3m (down 14% from 3Q 2019). Profit margin: 7.9% (down from 8.2% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 23
New 90-day low: NT$36.35 The company is down 24% from its price of NT$47.90 on 24 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$38.15 The company is down 14% from its price of NT$44.35 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 Electronic industry, which is flat over the same period.