Announcement • Mar 16
YFC-Boneagle Electric Co., Ltd., Annual General Meeting, Jun 09, 2026 YFC-Boneagle Electric Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: 4 floor no,370, chung shan rd., sinwu district, taoyuan city Taiwan Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$0.81 (vs NT$0.93 in FY 2024) Full year 2025 results: EPS: NT$0.81 (down from NT$0.93 in FY 2024). Revenue: NT$8.36b (down 17% from FY 2024). Net income: NT$118.5m (down 13% from FY 2024). Profit margin: 1.4% (up from 1.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Mar 06
YFC-Boneagle Electric Co., Ltd. to Report Fiscal Year 2025 Results on Mar 13, 2026 YFC-Boneagle Electric Co., Ltd. announced that they will report fiscal year 2025 results on Mar 13, 2026 Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$36.90, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 28x in the Communications industry in Taiwan. Total returns to shareholders of 58% over the past three years. Board Change • Feb 20
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 Hui-Mei Wen 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. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$25.25, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 14% over the past three years. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.84 (vs NT$1.12 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.84 (down from NT$1.12 in 3Q 2024). Revenue: NT$1.88b (down 38% from 3Q 2024). Net income: NT$122.5m (down 26% from 3Q 2024). Profit margin: 6.5% (up from 5.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% 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 17
Second quarter 2025 earnings released: NT$0.09 loss per share (vs NT$0.47 profit in 2Q 2024) Second quarter 2025 results: NT$0.09 loss per share (down from NT$0.47 profit in 2Q 2024). Revenue: NT$2.00b (down 19% from 2Q 2024). Net loss: NT$12.8m (down 119% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to NT$17.15, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total loss to shareholders of 30% over the past three years. Upcoming Dividend • Jul 30
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 06 August 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.2%). Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.30 loss per share (vs NT$1.00 loss in 1Q 2024) First quarter 2025 results: NT$0.30 loss per share (improved from NT$1.00 loss in 1Q 2024). Revenue: NT$2.29b (up 2.3% from 1Q 2024). Net loss: NT$43.4m (loss narrowed 70% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 01
YFC-Boneagle Electric Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 YFC-Boneagle Electric Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Buy Or Sell Opportunity • Apr 10
Now 28% overvalued Over the last 90 days, the stock has fallen 19% to NT$19.80. The fair value is estimated to be NT$15.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.8% over the last 3 years. Meanwhile, the company became loss making. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$95.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 24% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.15b market cap, or US$95.3m). Announcement • Mar 17
YFC-Boneagle Electric Co., Ltd., Annual General Meeting, Jun 20, 2025 YFC-Boneagle Electric Co., Ltd., Annual General Meeting, Jun 20, 2025. Location: 4 floor no,370, chung shan rd., sinwu district, taoyuan city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$1.12 (vs NT$0.27 loss in 3Q 2023) Third quarter 2024 results: EPS: NT$1.12 (up from NT$0.27 loss in 3Q 2023). Revenue: NT$3.03b (up 14% from 3Q 2023). Net income: NT$164.7m (up NT$203.1m from 3Q 2023). Profit margin: 5.4% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 02
YFC-Boneagle Electric Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024 YFC-Boneagle Electric Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$0.47 (vs NT$0.76 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.47 (down from NT$0.76 in 2Q 2023). Revenue: NT$2.47b (down 9.6% from 2Q 2023). Net income: NT$69.0m (down 38% from 2Q 2023). Profit margin: 2.8% (down from 4.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Aug 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.27b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.2% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.27b market cap, or US$99.6m). Announcement • Aug 02
YFC-Boneagle Electric Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 YFC-Boneagle Electric Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Upcoming Dividend • Jul 11
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 18 July 2024. Payment date: 20 August 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.4%). Declared Dividend • Jun 20
Dividend of NT$0.80 announced Shareholders will receive a dividend of NT$0.80. Ex-date: 18th July 2024 Payment date: 20th August 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 9 years. However, payments have been volatile during that time. Announcement • Jun 19
YFC-Boneagle Electric Co., Ltd Approves the Dividend Distribution, Payable on August 20, 2024 YFC-Boneagle Electric Co., Ltd. at its shareholders meeting held on June 18, 2024, approved the amount of dividend distribution of TWD 117,170,112, and pay TWD 0.80 per share. Ex-rights (Ex-dividend) record date is July 26, 2024 and Payment date of cash dividend distribution is August 20, 2024. Reported Earnings • May 21
First quarter 2024 earnings released: NT$1.00 loss per share (vs NT$1.60 loss in 1Q 2023) First quarter 2024 results: NT$1.00 loss per share (improved from NT$1.60 loss in 1Q 2023). Revenue: NT$2.23b (up 14% from 1Q 2023). Net loss: NT$146.4m (loss narrowed 37% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 02
YFC-Boneagle Electric Co., Ltd. to Report Q1, 2024 Results on May 07, 2024 YFC-Boneagle Electric Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024 New Risk • Mar 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 10% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 5x cash flows per share. Earnings have declined by 6.3% per year over the past 5 years. Announcement • Mar 16
YFC-Boneagle Electric Co., Ltd., Annual General Meeting, Jun 18, 2024 YFC-Boneagle Electric Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: 4F., No. 370, Zhongshan Rd., Xinwu Dist., Taoyuan City 327, Taiwan (Xinwu Women Center) Taoayun Taiwan Agenda: To consider Overview of operation status and 2023 Business Report; To consider Audit Committees Review Report of 2023 Financial Statements; To consider The status of Distribution of Profits in Cash Dividends in 2023; To consider Report on the Cost-Benefit Analysis of acquisition of Monoprice Holdings. Announcement • Nov 13
YFC-Boneagle Electric Co., Ltd. Announces Appointment of Anderson Huang as Chief Information Security Officer YFC-Boneagle Electric Co., Ltd. announced appointment of Anderson Huang/IT Director as Chief Information Security Officer. Type of change is New replacement. Effective date:2023/11/10. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.76 (vs NT$0.68 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.76 (up from NT$0.68 in 2Q 2022). Revenue: NT$2.73b (down 14% from 2Q 2022). Net income: NT$110.6m (up 24% from 2Q 2022). Profit margin: 4.1% (up from 2.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$23.85, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 41% over the past three years. New Risk • Jul 10
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Upcoming Dividend • Jul 03
Upcoming dividend of NT$3.00 per share at 11% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$8.30 (vs NT$0.44 in 3Q 2021) Third quarter 2022 results: EPS: NT$8.30 (up from NT$0.44 in 3Q 2021). Revenue: NT$3.17b (down 5.0% from 3Q 2021). Net income: NT$1.16b (up NT$1.10b from 3Q 2021). Profit margin: 36% (up from 1.7% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$8.30 (vs NT$0.44 in 3Q 2021) Third quarter 2022 results: EPS: NT$8.30 (up from NT$0.44 in 3Q 2021). Revenue: NT$3.17b (down 5.0% from 3Q 2021). Net income: NT$1.16b (up NT$1.10b from 3Q 2021). Profit margin: 36% (up from 1.7% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 20% share price gain to NT$28.00, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 20% share price decline to NT$23.80, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 18x in the Communications industry in Taiwan. Total loss to shareholders of 1.1% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$29.75, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 16% share price gain to NT$33.55, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.68 (vs NT$0.48 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.68 (up from NT$0.48 in 2Q 2021). Revenue: NT$3.16b (up 6.1% from 2Q 2021). Net income: NT$89.2m (up 40% from 2Q 2021). Profit margin: 2.8% (up from 2.1% in 2Q 2021). 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 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to NT$28.50, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 12% over the past three years. Upcoming Dividend • Jul 04
Upcoming dividend of NT$0.13 per share Eligible shareholders must have bought the stock before 11 July 2022. Payment date: 11 August 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.4%). Reported Earnings • May 17
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: NT$0.15 loss per share (down from NT$0.026 profit in 1Q 2021). Revenue: NT$2.92b (up 10% from 1Q 2021). Net loss: NT$19.3m (down NT$22.7m from profit in 1Q 2021). Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) were also behind analyst expectations. 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 5% per year, which means it has not declined as severely as earnings. Announcement • Apr 02
YFC-Boneagle Electric Co., Ltd., Annual General Meeting, Jun 21, 2022 YFC-Boneagle Electric Co., Ltd., Annual General Meeting, Jun 21, 2022. Reported Earnings • Apr 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$0.76 (down from NT$2.40 in FY 2020). Revenue: NT$12.4b (up 8.8% from FY 2020). Net income: NT$100.4m (down 67% from FY 2020). Profit margin: 0.8% (down from 2.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 42%. Over the last 3 years on average, earnings per share has fallen by 22% 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. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.44 (vs NT$1.30 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.34b (down 3.1% from 3Q 2020). Net income: NT$57.8m (down 65% from 3Q 2020). Profit margin: 1.7% (down from 4.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.85 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$2.98b (up 4.3% from 2Q 2020). Net income: NT$63.5m (down 40% from 2Q 2020). Profit margin: 2.1% (down from 3.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Aug 05
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 10 September 2021. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.9%). Reported Earnings • Jun 11
First quarter 2021 earnings released: EPS NT$0.026 (vs NT$0.016 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$2.65b (up 19% from 1Q 2020). Net income: NT$3.39m (up 70% from 1Q 2020). Profit margin: 0.1% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$0.03 (vs NT$0.016 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$2.65b (up 19% from 1Q 2020). Net income: NT$3.39m (up 70% from 1Q 2020). Profit margin: 0.1% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$22.95, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total loss to shareholders of 26% over the past three years. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS NT$2.40 (vs NT$1.38 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$11.4b (down 1.2% from FY 2019). Net income: NT$304.8m (up 77% from FY 2019). Profit margin: 2.7% (up from 1.5% in FY 2019). The increase in margin was driven by lower expenses. 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 12% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 11
New 90-day high: NT$29.05 The company is up 7.0% from its price of NT$27.10 on 11 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 2.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: NT$24.40 The company is down 2.0% from its price of NT$24.95 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 21% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.30 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$3.45b (down 1.7% from 3Q 2019). Net income: NT$164.7m (up 70% from 3Q 2019). Profit margin: 4.8% (up from 2.8% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Sep 21
YFC-Boneagle Electric Co., Ltd.(GTSM:6220) dropped from S&P Global BMI Index YFC-Boneagle Electric Co., Ltd.(GTSM:6220) dropped from S&P Global BMI Index 
