Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$20.65, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 37x in the Electronic industry in Taiwan. Total loss to shareholders of 11% over the past three years. Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$0.16 (vs NT$0.086 in 1Q 2025) First quarter 2026 results: EPS: NT$0.16 (up from NT$0.086 in 1Q 2025). Revenue: NT$246.9m (up 49% from 1Q 2025). Net income: NT$32.2m (up 84% from 1Q 2025). Profit margin: 13% (up from 11% 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 43% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$0.20 (vs NT$0.14 in FY 2024) Full year 2025 results: EPS: NT$0.20 (up from NT$0.14 in FY 2024). Revenue: NT$746.4m (up 4.1% from FY 2024). Net income: NT$39.7m (up 43% from FY 2024). Profit margin: 5.3% (up from 3.9% 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 20% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 11
Microtek International, Inc., Annual General Meeting, May 26, 2026 Microtek International, Inc., Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: no,6, kung yeh tung 3rd rd., hsinchu science park, hsinchu city Taiwan New Risk • Jan 15
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 6.5% 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 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$3.03b market cap, or US$96.0m). Buy Or Sell Opportunity • Nov 26
Now 22% overvalued Over the last 90 days, the stock has fallen 13% to NT$10.65. The fair value is estimated to be NT$8.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.008 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.13 (up from NT$0.008 loss in 3Q 2024). Revenue: NT$176.1m (down 11% from 3Q 2024). Net income: NT$26.6m (up NT$28.2m from 3Q 2024). Profit margin: 15% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
Second quarter 2025 earnings released: NT$0.20 loss per share (vs NT$0.063 profit in 2Q 2024) Second quarter 2025 results: NT$0.20 loss per share (down from NT$0.063 profit in 2Q 2024). Revenue: NT$186.6m (up 14% from 2Q 2024). Net loss: NT$40.6m (down 417% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.14 in 1Q 2024) First quarter 2025 results: EPS: NT$0.09 (down from NT$0.14 in 1Q 2024). Revenue: NT$165.6m (down 4.7% from 1Q 2024). Net income: NT$17.5m (down 39% from 1Q 2024). Profit margin: 11% (down from 16% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 30
Microtek International, Inc. to Report Q1, 2025 Results on May 08, 2025 Microtek International, Inc. 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 17% After last week's 17% share price decline to NT$10.05, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 17% over the past three years. New Risk • Mar 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 47% 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: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.77b market cap, or US$83.8m). Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$0.14 (vs NT$0.034 in FY 2023) Full year 2024 results: EPS: NT$0.14 (up from NT$0.034 in FY 2023). Revenue: NT$717.1m (up 25% from FY 2023). Net income: NT$27.8m (up 309% from FY 2023). Profit margin: 3.9% (up from 1.2% in FY 2023). The increase in margin was driven by higher 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 13% per year, which means it is well ahead of earnings. Announcement • Mar 13
Microtek International, Inc., Annual General Meeting, May 27, 2025 Microtek International, Inc., Annual General Meeting, May 27, 2025, at 09:00 Taipei Standard Time. Location: no,6, kung yeh tung 3rd rd., hsinchu science park, hsinchu city Taiwan Announcement • Mar 01
Microtek International, Inc. to Report Q4, 2024 Results on Mar 11, 2025 Microtek International, Inc. announced that they will report Q4, 2024 results on Mar 11, 2025 New Risk • Feb 12
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 Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.06b market cap, or US$93.2m). New Risk • Dec 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.25b (US$100.0m) 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 Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.25b market cap, or US$100.0m). Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.01 loss per share (vs NT$0.12 profit in 3Q 2023) Third quarter 2024 results: NT$0.01 loss per share (down from NT$0.12 profit in 3Q 2023). Revenue: NT$197.1m (up 14% from 3Q 2023). Net loss: NT$1.63m (down 107% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 02
Microtek International, Inc. to Report Q3, 2024 Results on Nov 12, 2024 Microtek International, Inc. announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.08 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.06 (down from NT$0.08 in 2Q 2023). Revenue: NT$164.1m (up 30% from 2Q 2023). Net income: NT$12.8m (down 21% from 2Q 2023). Profit margin: 7.8% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 10
Microtek International, Inc. Announces Change of Financial Officer Microtek International, Inc. announced the change of financial officer. Name, title, and resume of the previous position holder: Ya-Ming Lee /MII's Financial Director. Name, title, and resume of the new position holder: An-Yan Li /MII's Financial Manager. Effective date is August 9, 2024. Announcement • Aug 01
Microtek International, Inc. to Report Q2, 2024 Results on Aug 09, 2024 Microtek International, Inc. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 11
First quarter 2024 earnings released: EPS: NT$0.14 (vs NT$0.041 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.14 (up from NT$0.041 loss in 1Q 2023). Revenue: NT$173.6m (up 56% from 1Q 2023). Net income: NT$28.5m (up NT$36.8m from 1Q 2023). Profit margin: 16% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Announcement • May 02
Microtek International, Inc. to Report Q1, 2024 Results on May 07, 2024 Microtek International, Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 07, 2024 New Risk • Mar 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 209% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: NT$0.03 (vs NT$0.061 in FY 2022) Full year 2023 results: EPS: NT$0.03 (down from NT$0.061 in FY 2022). Revenue: NT$575.9m (up 3.8% from FY 2022). Net income: NT$6.80m (down 45% from FY 2022). Profit margin: 1.2% (down from 2.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Announcement • Mar 12
Microtek International, Inc., Annual General Meeting, May 27, 2024 Microtek International, Inc., Annual General Meeting, May 27, 2024. Location: Microtek's conference hall, No.6, Industry East Road 3, Hsinchu Science Park, Hsinchu Taiwan Agenda: To consider 2023 Business reports and financial statements; to consider audit Committee's Review Report on 2023 Financial Statements; to consider director's Remuneration and Remuneration Policy; to consider Adoption of 2023 Business report and financial statements; to consider adoption of 2023 Deficit compensation; and to consider other matters. New Risk • Oct 12
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 6.2% 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 42% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). New Risk • Aug 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 6.2% 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 42% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.08 (vs NT$0.10 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.08 (down from NT$0.10 in 2Q 2022). Revenue: NT$126.4m (up 28% from 2Q 2022). Net income: NT$16.2m (down 22% from 2Q 2022). Profit margin: 13% (down from 21% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: NT$0.06 (vs NT$0.065 in FY 2021) Full year 2022 results: EPS: NT$0.06 (down from NT$0.065 in FY 2021). Revenue: NT$554.9m (down 11% from FY 2021). Net income: NT$12.4m (down 5.7% from FY 2021). Profit margin: 2.2% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$27.50, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 385% over the past three years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Tai Hui-Chuan was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: NT$0.17 (vs NT$0.004 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.17 (up from NT$0.004 in 3Q 2021). Revenue: NT$191.8m (up 26% from 3Q 2021). Net income: NT$34.1m (up NT$33.4m from 3Q 2021). Profit margin: 18% (up from 0.5% 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 87% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Announcement • Nov 10
Microtek International, Inc. Announces Chairman Changes The board of directors of Microtek International, Inc. announced change of chairman as follows Position: chairperson; Name of the previous position holder: Cheng-Hsun Hsu; Resume of the previous position holder: The chairman of the board; Name of the new position holder: Chin-Lai Wu; Resume of the new position holder: The GM of the company's R&D Unit.; Circumstances of change: new appointment; Reason for the change: The company's succession plan; Effective date of the new appointment: 01 December 2022. Announcement • Nov 01
Microtek International, Inc. Announces the Resignation of Cheng-Hsun Hsu as Chairman, Effective December 1, 2022 Microtek International, Inc. announced the resignation of Cheng-Hsun Hsu as board chairman. Mr. Cheng-Hsun Hsu's resignation effective December 1, 2022. The new chairman will be announced after the appointment by the board of directors. Announcement • Aug 31
Microtek International, Inc. Announces the Change of Spokesperson Microtek International, Inc. announced the change of spokesperson. Name, title, and resume of the previous position holder: Ya-Ming Lee, Director of Microtek International, Inc. Name, title, and resume of the new position holder: Hui-Chuan Tai, Director of Microtek International, Inc. Reason for the change: Position adjustment. Effective date: September 1, 2022. Reported Earnings • Jun 14
First quarter 2022 earnings released: EPS: NT$0.06 (vs NT$0.028 in 1Q 2021) First quarter 2022 results: EPS: NT$0.06 (up from NT$0.028 in 1Q 2021). Revenue: NT$115.4m (down 18% from 1Q 2021). Net income: NT$12.5m (up 120% from 1Q 2021). Profit margin: 11% (up from 4.0% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.002 (vs NT$0.074 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$152.3m (down 1.8% from 3Q 2020). Net income: NT$746.0k (down 95% from 3Q 2020). Profit margin: 0.5% (down from 9.7% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: NT$0.02 loss per share (vs NT$0.091 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$159.5m (up 1.3% from 2Q 2020). Net loss: NT$3.63m (down 120% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 17% share price gain to NT$8.61, the stock trades at a trailing P/E ratio of 53.7x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 9.1% over the past three years. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.03 (vs NT$0.049 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$141.3m (up 64% from 1Q 2020). Net income: NT$5.68m (up NT$15.5m from 1Q 2020). Profit margin: 4.0% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS NT$0.08 (vs NT$0.014 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$582.4m (up 15% from FY 2019). Net income: NT$16.7m (up 488% from FY 2019). Profit margin: 2.9% (up from 0.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Announcement • Mar 10
Microtek International, Inc., Annual General Meeting, May 25, 2021 Microtek International, Inc., Annual General Meeting, May 25, 2021. Location: Microtek's conference hall, No.6, Industry East Road 3, Hsinchu Science Park Hsinchu Taiwan Agenda: To consider 2020 Business reports and financial statements; to consider Audit Committee's Review Report on 2020 Financial Statements; to adopt 2020 Business report and financial statements; to adopt 2020 Deficit compensation; to consider Amendments to?Articles of Incorporation; to consider amendments to?Shareholders' Meeting Rules and Procedures; and to consider amendments to?Rules for Election of Directors. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 16% share price gain to NT$10.00, the stock is trading at a trailing P/E ratio of 61.5x, up from the previous P/E ratio of 52.9x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years were flat. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 16% share price gain to NT$9.48, the stock is trading at a trailing P/E ratio of 58.3x, up from the previous P/E ratio of 50.1x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total return to shareholders over the past three years is a loss of 6.1%. Is New 90 Day High Low • Dec 16
New 90-day high: NT$8.62 The company is up 16% from its price of NT$7.45 on 16 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.08 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$155.1m (up 24% from 3Q 2019). Net income: NT$15.1m (up NT$24.5m from 3Q 2019). Profit margin: 9.7% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 117% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Nov 11
Microtek International, Inc. Appoints Ya-Ming Lee as Corporate Governance Office Microtek International, Inc. announced the appointment of Ya-Ming Lee as corporate governance officer, effective from November 10, 2020.