New Risk • Jul 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 11
First quarter 2026 earnings released: NT$0.40 loss per share (vs NT$0.61 profit in 1Q 2025) First quarter 2026 results: NT$0.40 loss per share (down from NT$0.61 profit in 1Q 2025). Revenue: NT$3.90b (down 10% from 1Q 2025). Net loss: NT$284.5m (down 166% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 12
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: 3.0% Last year net profit margin: 8.6% 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks High level of debt (48% net debt to equity). Profit margins are more than 30% lower than last year (3.0% net profit margin). Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$0.68 (vs NT$2.36 in FY 2024) Full year 2025 results: EPS: NT$0.68 (down from NT$2.36 in FY 2024). Revenue: NT$16.2b (down 12% from FY 2024). Net income: NT$484.5m (down 70% from FY 2024). Profit margin: 3.0% (down from 8.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 12
Unitech Printed Circuit Board Corp., Annual General Meeting, Jun 16, 2026 Unitech Printed Circuit Board Corp., Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: no,6, chung shan rd., tucheng district, new taipei city Taiwan Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$61.20, the stock trades at a trailing P/E ratio of 47.7x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 243% over the past three years. New Risk • Jan 23
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 8.9% 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 Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk High level of debt (47% net debt to equity). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$44.10, the stock trades at a trailing P/E ratio of 34.4x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 162% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$31.65, the stock trades at a trailing P/E ratio of 24.7x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 86% over the past three years. New Risk • Dec 22
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 6.6% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). 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 (6.6% average weekly change). Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.02 (vs NT$0.53 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.02 (down from NT$0.53 in 3Q 2024). Revenue: NT$3.89b (down 18% from 3Q 2024). Net income: NT$13.8m (down 96% from 3Q 2024). Profit margin: 0.4% (down from 7.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • Aug 27
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: Minor Risks High level of debt (41% net debt to equity). 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 (6.2% average weekly change). Upcoming Dividend • Aug 22
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 29 August 2025. Payment date: 25 September 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (2.6%). New Risk • Aug 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.84 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.08 (down from NT$0.84 in 2Q 2024). Revenue: NT$4.31b (down 16% from 2Q 2024). Net income: NT$58.2m (down 90% from 2Q 2024). Profit margin: 1.4% (down from 11% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$33.10, the stock trades at a trailing P/E ratio of 13.4x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 57% over the past three years. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.61 (vs NT$0.41 in 1Q 2024) First quarter 2025 results: EPS: NT$0.61 (up from NT$0.41 in 1Q 2024). Revenue: NT$4.34b (up 4.2% from 1Q 2024). Net income: NT$433.7m (up 57% from 1Q 2024). Profit margin: 10.0% (up from 6.6% in 1Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
Unitech Printed Circuit Board Corp. to Report Q1, 2025 Results on May 06, 2025 Unitech Printed Circuit Board Corp. announced that they will report Q1, 2025 results on May 06, 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$22.00, the stock trades at a trailing P/E ratio of 9.8x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 35% over the past three years. Announcement • Mar 19
Unitech Printed Circuit Board Corp., Annual General Meeting, Jun 17, 2025 Unitech Printed Circuit Board Corp., Annual General Meeting, Jun 17, 2025, at 09:00 Taipei Standard Time. Location: no,6, chung shan rd., tucheng district, new taipei city Taiwan Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$2.36 (vs NT$0.51 loss in FY 2023) Full year 2024 results: EPS: NT$2.36 (up from NT$0.51 loss in FY 2023). Revenue: NT$18.5b (up 24% from FY 2023). Net income: NT$1.59b (up NT$1.93b from FY 2023). Profit margin: 8.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Mar 07
Unitech Printed Circuit Board Corp. to Report Q4, 2024 Results on Mar 14, 2025 Unitech Printed Circuit Board Corp. announced that they will report Q4, 2024 results on Mar 14, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: NT$0.53 (vs NT$0.019 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.53 (up from NT$0.019 in 3Q 2023). Revenue: NT$4.76b (up 24% from 3Q 2023). Net income: NT$352.1m (up NT$339.7m from 3Q 2023). Profit margin: 7.4% (up from 0.3% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Oct 30
Unitech Printed Circuit Board Corp. to Report Q3, 2024 Results on Nov 06, 2024 Unitech Printed Circuit Board Corp. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: NT$0.84 (vs NT$0.41 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.84 (up from NT$0.41 in 2Q 2023). Revenue: NT$5.13b (up 27% from 2Q 2023). Net income: NT$560.0m (up 107% from 2Q 2023). Profit margin: 11% (up from 6.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Unitech Printed Circuit Board Corp. announced a financing transaction Unitech Printed Circuit Board Corp. announced a private placement to issue not more than 40,000,000 shares on August 13, 2024. The transaction has been approved by shareholders. Announcement • Aug 06
Unitech Printed Circuit Board Corp. to Report Q2, 2024 Results on Aug 13, 2024 Unitech Printed Circuit Board Corp. announced that they will report Q2, 2024 results on Aug 13, 2024 Announcement • Jun 27
Unitech Printed Circuit Board Corp. Announces Changes to Audit Committee Unitech Printed Circuit Board Corp. elected GLiu, Kun-Tien//The attorney-in-charge of Mega and Associates International Law Firm to Audit Committee in place of GChu, Min-Hsien. Effective date of the new member on June 26, 2024. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$0.41 (vs NT$0.59 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.41 (up from NT$0.59 loss in 1Q 2023). Revenue: NT$4.16b (up 20% from 1Q 2023). Net income: NT$275.8m (up NT$671.3m from 1Q 2023). Profit margin: 6.6% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • May 05
Unitech Printed Circuit Board Corp. to Report Q1, 2024 Results on May 13, 2024 Unitech Printed Circuit Board Corp. announced that they will report Q1, 2024 results on May 13, 2024 New Risk • Mar 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% 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 (16% operating cash flow to total debt). Earnings have declined by 40% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Announcement • Mar 14
Unitech Printed Circuit Board Corp., Annual General Meeting, Jun 26, 2024 Unitech Printed Circuit Board Corp., Annual General Meeting, Jun 26, 2024. Location: Factory 4 of Unitech No. 6, Zhongshan Rd., Tucheng Dist New Taipei City Taiwan Agenda: Tp approve 2023 Business Report; to approve the audit committee reviews the 2023 financial statements report; and to consider other matters. New Risk • Nov 17
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 5.5% 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 41% per year over the past 5 years. Minor Risks High level of debt (72% net debt to equity). Share price has been volatile over the past 3 months (5.5% average weekly change). Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$0.02 (vs NT$0.95 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.02 (down from NT$0.95 in 3Q 2022). Revenue: NT$3.84b (down 31% from 3Q 2022). Net income: NT$12.4m (down 98% from 3Q 2022). Profit margin: 0.3% (down from 11% 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 61% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$21.15, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 2.5% over the past three years. Upcoming Dividend • Aug 25
Upcoming dividend of NT$0.30 per share at 1.8% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 28 September 2023. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.1%). New Risk • Aug 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 178% 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 Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 41% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (8.1% increase in shares outstanding). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.40 (vs NT$0.40 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.40. Revenue: NT$4.03b (down 6.8% from 2Q 2022). Net income: NT$271.1m (up 8.2% from 2Q 2022). Profit margin: 6.7% (up from 5.8% in 2Q 2022). The increase in margin was driven by lower expenses. Announcement • Aug 09
Unitech Printed Circuit Board Corp. Announces Cash Dividend, Payable on September 28, 2023 Unitech Printed Circuit Board Corp. declared cash dividend of TWD 200,822,153 and cash dividends of TWD 0.3 per share. Ex-rights (ex-dividend) trading date is September 1, 2023. Ex-rights (ex-dividend) record date is September 9, 2023. Payment date of cash dividend distribution is September 28, 2023. Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: NT$0.65 (vs NT$0.39 loss in FY 2021) Full year 2022 results: EPS: NT$0.65 (up from NT$0.39 loss in FY 2021). Revenue: NT$17.4b (up 29% from FY 2021). Net income: NT$413.3m (up NT$655.4m from FY 2021). Profit margin: 2.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. 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 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: NT$0.95 (vs NT$0.99 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.95 (up from NT$0.99 loss in 3Q 2021). Revenue: NT$5.53b (up 70% from 3Q 2021). Net income: NT$616.8m (up NT$1.23b from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). The move to profitability 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 67 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Wen-Hsin Hsu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: NT$0.40 (vs NT$0.80 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.40 (up from NT$0.80 loss in 2Q 2021). Revenue: NT$4.33b (up 51% from 2Q 2021). Net income: NT$250.5m (up NT$744.2m from 2Q 2021). Profit margin: 5.8% (up from net loss in 2Q 2021). The move to profitability 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 98 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: NT$0.40 loss per share (down from NT$1.89 profit in 1Q 2021). Revenue: NT$3.64b (up 6.7% from 1Q 2021). Net loss: NT$246.3m (down 121% from profit in 1Q 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) were also behind analyst expectations. 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. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Wen-Hsin Hsu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: NT$0.39 loss per share (up from NT$2.32 loss in FY 2020). Revenue: NT$13.5b (down 6.2% from FY 2020). Net loss: NT$242.1m (loss narrowed 83% from FY 2020). Revenue missed analyst estimates by 10%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Apr 01
Unitech Printed Circuit Board Corp., Annual General Meeting, Jun 21, 2022 Unitech Printed Circuit Board Corp., Annual General Meeting, Jun 21, 2022. Location: Factory 4 of Unitech No. 6, Zhongshan Rd., Tucheng Dist., New Taipei City Taiwan Agenda: To consider 2021 Business Report; to consider audit Committees Review Report on the 2021 Financial Statements; to consider 2021 Business Report and Financial Statements; to consider proposal for 2021 company earnings and loss distribution; to consider revision of Articles of Association; to consider revision of Regulations Governing the Acquisition and Disposal of Assets; to transact other business. Reported Earnings • Nov 16
Third quarter 2021 earnings released: NT$0.99 loss per share (vs NT$0.67 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: NT$3.25b (down 15% from 3Q 2020). Net loss: NT$615.5m (loss widened 48% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2021 earnings released: NT$0.80 loss per share (vs NT$1.11 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: NT$2.86b (up 27% from 2Q 2020). Net loss: NT$493.7m (loss narrowed 28% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$1.89 (vs NT$0.02 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$3.41b (down 6.1% from 1Q 2020). Net income: NT$1.17b (up NT$1.16b from 1Q 2020). Profit margin: 34% (up from 0.3% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: NT$2.32 loss per share (vs NT$2.80 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$14.4b (down 36% from FY 2019). Net loss: NT$1.44b (down 183% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 20
New 90-day low: NT$20.35 The company is down 8.0% from its price of NT$22.20 on 22 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 • Nov 25
New 90-day high: NT$22.85 The company is up 7.0% from its price of NT$21.40 on 27 August 2020. The Taiwanese market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$8.54 per share. Reported Earnings • Nov 10
Third quarter 2020 earnings released: NT$0.67 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$3.82b (down 38% from 3Q 2019). Net loss: NT$416.7m (down 162% from profit in 3Q 2019). 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 12% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 10
Revenue and earnings miss expectations Revenue missed analyst estimates by 10%. Earnings per share (EPS) were also behind analyst expectations. Is New 90 Day High Low • Sep 25
New 90-day low: NT$20.35 The company is down 22% from its price of NT$26.15 on 24 June 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 down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$8.51 per share. Announcement • Aug 06
Unitech Printed Circuit Board Corp. Announces Change of CEO Unitech Printed Circuit Board Corp. announced that Chang, Yuan-Ming, CEO of the company appointed as Chief Strategy Officer, with effect from August 5, 2020.