Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.99 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (down from NT$1.99 in 1Q 2025). Revenue: NT$367.9m (up 3.1% from 1Q 2025). Net income: NT$49.4m (down 14% from 1Q 2025). Profit margin: 13% (down from 16% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$6.79 (vs NT$8.85 in FY 2024) Full year 2025 results: EPS: NT$6.79 (down from NT$8.85 in FY 2024). Revenue: NT$1.39b (down 18% from FY 2024). Net income: NT$195.2m (down 23% from FY 2024). Profit margin: 14% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Announcement • Mar 11
Topview Optronics Corporation, Annual General Meeting, Jun 18, 2026 Topview Optronics Corporation, Annual General Meeting, Jun 18, 2026. Location: b1 floor no,10, ta ch`eng rd., taoyuan district, taoyuan city Taiwan Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$1.84 (vs NT$1.48 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.84 (up from NT$1.48 in 3Q 2024). Revenue: NT$371.5m (down 4.6% from 3Q 2024). Net income: NT$52.8m (up 24% from 3Q 2024). Profit margin: 14% (up from 11% 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 12% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$1.09 (vs NT$3.09 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.09 (down from NT$3.09 in 2Q 2024). Revenue: NT$322.7m (down 33% from 2Q 2024). Net income: NT$31.3m (down 65% from 2Q 2024). Profit margin: 9.7% (down from 19% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$80.70, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 46% over the past three years. Upcoming Dividend • Jul 08
Upcoming dividend of NT$4.20 per share Eligible shareholders must have bought the stock before 15 July 2025. Payment date: 11 August 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.2%). Declared Dividend • Jun 19
Dividend increased to NT$4.20 Dividend of NT$4.20 is 40% higher than last year. Ex-date: 15th July 2025 Payment date: 11th August 2025 Dividend yield will be 5.1%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: NT$1.99 (vs NT$3.01 in 1Q 2024) First quarter 2025 results: EPS: NT$1.99 (down from NT$3.01 in 1Q 2024). Revenue: NT$356.8m (down 26% from 1Q 2024). Net income: NT$57.3m (down 34% from 1Q 2024). Profit margin: 16% (down from 18% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
Topview Optronics Corporation to Report Q1, 2025 Results on May 08, 2025 Topview Optronics Corporation announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$68.80, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 27% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$8.85 (vs NT$6.17 in FY 2023) Full year 2024 results: EPS: NT$8.85 (up from NT$6.17 in FY 2023). Revenue: NT$1.69b (down 12% from FY 2023). Net income: NT$254.5m (up 44% from FY 2023). Profit margin: 15% (up from 9.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year. Announcement • Mar 12
Topview Optronics Corporation, Annual General Meeting, Jun 16, 2025 Topview Optronics Corporation, Annual General Meeting, Jun 16, 2025. Location: b1 floor no,10, ta ch`eng rd., taoyuan district, taoyuan city Taiwan Announcement • Mar 04
Topview Optronics Corporation to Report Fiscal Year 2024 Results on Mar 11, 2025 Topview Optronics Corporation announced that they will report fiscal year 2024 results on Mar 11, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$1.48 (vs NT$1.26 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.48 (up from NT$1.26 in 3Q 2023). Revenue: NT$389.6m (down 19% from 3Q 2023). Net income: NT$42.5m (up 17% from 3Q 2023). Profit margin: 11% (up from 7.5% in 3Q 2023). The increase in margin was driven by lower expenses. 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 23% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 10
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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$2.65b market cap, or US$82.2m). Announcement • Oct 26
Topview Optronics Corporation to Report Q3, 2024 Results on Nov 04, 2024 Topview Optronics Corporation announced that they will report Q3, 2024 results on Nov 04, 2024 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$99.80, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 142% over the past three years. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$3.09 (vs NT$2.17 in 2Q 2023) Second quarter 2024 results: EPS: NT$3.09 (up from NT$2.17 in 2Q 2023). Revenue: NT$479.9m (up 2.6% from 2Q 2023). Net income: NT$88.9m (up 43% from 2Q 2023). Profit margin: 19% (up from 13% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$120, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 182% over the past three years. Announcement • Aug 02
Topview Optronics Corporation to Report Q2, 2024 Results on Aug 09, 2024 Topview Optronics Corporation announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jul 26
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 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.82b market cap, or US$86.0m). Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$102, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 152% over the past three years. New Risk • Jul 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.22b (US$99.1m) 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: 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 (7.9% average weekly change). Market cap is less than US$100m (NT$3.22b market cap, or US$99.1m). Upcoming Dividend • Jul 05
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 11 July 2024. Payment date: 09 August 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.6%). Declared Dividend • Jun 21
Dividend reduced to NT$3.00 Dividend of NT$3.00 is 40% lower than last year. Ex-date: 11th July 2024 Payment date: 9th August 2024 Dividend yield will be 2.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$2.99b market cap, or US$92.3m). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$3.01 (vs NT$1.92 in 1Q 2023) First quarter 2024 results: EPS: NT$3.01 (up from NT$1.92 in 1Q 2023). Revenue: NT$479.0m (down 12% from 1Q 2023). Net income: NT$86.6m (up 57% from 1Q 2023). Profit margin: 18% (up from 10% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 33% per year. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$96.20, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 168% over the past three years. Announcement • Apr 28
Topview Optronics Corporation to Report Q1, 2024 Results on May 03, 2024 Topview Optronics Corporation announced that they will report Q1, 2024 results on May 03, 2024 Buy Or Sell Opportunity • Mar 19
Now 20% overvalued Over the last 90 days, the stock has fallen 5.7% to NT$84.90. The fair value is estimated to be NT$70.73, however this is not to be taken as a sell 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 54%. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$1.26 (vs NT$3.16 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.26 (down from NT$3.16 in 3Q 2022). Revenue: NT$480.2m (down 17% from 3Q 2022). Net income: NT$36.2m (down 60% from 3Q 2022). Profit margin: 7.5% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. New Risk • Nov 07
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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (NT$2.57b market cap, or US$79.8m). Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$102, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 166% over the past three years. Announcement • Aug 26
Topview Optronics Corporation Appoints Micky Chou as Director Topview Optronics Corporation announced the appointment of Micky Chou as Director of the company. Resume of the new position holder: Chairperson of Hao Feng Investment Co. Ltd. .Effective date of the new appointment is August 25, 2023. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$2.17 (vs NT$2.25 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.17 (down from NT$2.25 in 2Q 2022). Revenue: NT$468.0m (down 13% from 2Q 2022). Net income: NT$62.4m (down 3.5% from 2Q 2022). Profit margin: 13% (up from 12% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. New Risk • Jul 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.05b (US$98.2m) 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 Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.05b market cap, or US$98.2m). Upcoming Dividend • Jul 06
Upcoming dividend of NT$5.00 per share at 4.2% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.4%). In line with average of industry peers (4.2%). Announcement • Jun 29
Topview Optronics Corporation Announces Resignation of Institutional Director Topview Optronics Corporation announced resignation of Director-Joe Huang, General Manager of Qisda Corp. Director-Micky Chou, Chairperson of Hao Feng Investment Co. Ltd. Director-Michael Wang, Investment Senior Director of Qisda Corp. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: NT$9.91 (vs NT$4.46 in FY 2021) Full year 2022 results: EPS: NT$9.91 (up from NT$4.46 in FY 2021). Revenue: NT$2.25b (up 13% from FY 2021). Net income: NT$284.8m (up 122% from FY 2021). Profit margin: 13% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$186, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 330% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to NT$162, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 302% over the past three years. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$116, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 184% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$110, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 170% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 21% share price gain to NT$131, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 220% over the past three years. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$3.16 (vs NT$1.46 in 3Q 2021) Third quarter 2022 results: EPS: NT$3.16 (up from NT$1.46 in 3Q 2021). Revenue: NT$577.2m (up 11% from 3Q 2021). Net income: NT$90.8m (up 116% from 3Q 2021). Profit margin: 16% (up from 8.1% 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 42% 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 • Nov 04
Investor sentiment improved over the past week After last week's 25% share price gain to NT$87.40, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 116% over the past three years. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: NT$2.25 (vs NT$1.03 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.25 (up from NT$1.03 in 2Q 2021). Revenue: NT$536.5m (up 12% from 2Q 2021). Net income: NT$64.6m (up 120% from 2Q 2021). Profit margin: 12% (up from 6.2% in 2Q 2021). 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 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of NT$3.20 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (5.1%). Reported Earnings • May 09
First quarter 2022 earnings released: EPS: NT$1.85 (vs NT$0.64 in 1Q 2021) First quarter 2022 results: EPS: NT$1.85 (up from NT$0.64 in 1Q 2021). Revenue: NT$563.2m (up 25% from 1Q 2021). Net income: NT$53.3m (up 189% from 1Q 2021). Profit margin: 9.5% (up from 4.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$4.46 (up from NT$2.24 in FY 2020). Revenue: NT$2.00b (up 27% from FY 2020). Net income: NT$128.2m (up 100% from FY 2020). Profit margin: 6.4% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 07
Topview Optronics Corporation Announces Cash Dividend for the Year 2021 Topview Optronics Corporation at its board of directors meeting held on March 4, 2022, announced appropriations of earnings in cash dividends to shareholders for the year 2021 of TWD 3.2 per share. Total amount of cash dividends to shareholders of TWD 92,000,000. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improved over the past week After last week's 16% share price gain to NT$55.80, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 149% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.46 (vs NT$0.11 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$520.6m (up 39% from 3Q 2020). Net income: NT$42.1m (up NT$38.9m from 3Q 2020). Profit margin: 8.1% (up from 0.9% in 3Q 2020). The increase in margin was driven by higher revenue. 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 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.52 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$477.8m (up 32% from 2Q 2020). Net income: NT$29.5m (up 98% from 2Q 2020). Profit margin: 6.2% (up from 4.1% in 2Q 2020). The increase in margin was driven by higher revenue. 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 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 19
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 26 July 2021. Payment date: 20 August 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.9%). Reported Earnings • May 13
First quarter 2021 earnings released: EPS NT$0.64 (vs NT$1.26 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: NT$451.8m (flat on 1Q 2020). Net income: NT$18.4m (down 49% from 1Q 2020). Profit margin: 4.1% (down from 8.1% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$2.23 (vs NT$2.55 in FY 2019) The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: NT$1.57b (up 21% from FY 2019). Net income: NT$64.2m (flat on FY 2019). Profit margin: 4.1% (down from 4.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Mar 20
Topview Optronics Corporation, Annual General Meeting, Jun 07, 2021 Topview Optronics Corporation, Annual General Meeting, Jun 07, 2021. Location: B1,No.10, Dacheng Rd. Taoyuan County 33068 Taoyuan City Taiwan Agenda: To discuss on 2020 business report; to discuss audit committee's review report; to discuss the 2020 distribution of employees & board director's remuneration; to discuss proposal for revisions of the code of ethics for directors and officers; to discuss proposal for revisions of the ethical corporate management best practice principles and repeal of the procedures for ethical management and guidelines for conduct; and to discuss proposal for revisions of the corporate governance best practice principles. Is New 90 Day High Low • Jan 20
New 90-day low: NT$38.50 The company is down 14% from its price of NT$44.90 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: NT$42.00 The company is down 6.0% from its price of NT$44.90 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 17% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.11 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$375.4m (up 13% from 3Q 2019). Net income: NT$3.21m (down 85% from 3Q 2019). Profit margin: 0.9% (down from 6.3% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 05
New 90-day low: NT$43.80 The company is down 6.0% from its price of NT$46.50 on 07 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 5.0% over the same period.