Declared Dividend • Jun 01
Dividend increased to NT$7.80 Dividend of NT$7.80 is 5.1% higher than last year. Ex-date: 16th June 2026 Payment date: 10th July 2026 Dividend yield will be 4.9%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (78% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 3.3% to bring the payout ratio under control. EPS is expected to grow by 16% over the next year, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • May 05
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: NT$2.00. Revenue: NT$2.42b (up 17% from 1Q 2025). Net income: NT$279.5m (up 17% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Announcement • Mar 02
Stark Technology Inc., Annual General Meeting, May 29, 2026 Stark Technology Inc., Annual General Meeting, May 29, 2026. Location: 13 floor no,282, pei ta rd., hsinchu city Taiwan Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: NT$8.00 (vs NT$7.50 in FY 2024) Full year 2025 results: EPS: NT$8.00 (up from NT$7.50 in FY 2024). Revenue: NT$8.39b (up 11% from FY 2024). Net income: NT$851.3m (up 6.7% from FY 2024). Profit margin: 10% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 30
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: NT$1.78 (up from NT$1.71 in 3Q 2024). Revenue: NT$1.96b (up 11% from 3Q 2024). Net income: NT$189.7m (up 4.5% from 3Q 2024). Profit margin: 9.7% (in line with 3Q 2024). Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 08
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 9.9% to NT$177. The fair value is estimated to be NT$146, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 9.3% in a year. Earnings are forecast to grow by 17% in the next year. Reported Earnings • Aug 01
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: NT$1.92 (up from NT$1.89 in 2Q 2024). Revenue: NT$2.18b (up 22% from 2Q 2024). Net income: NT$203.6m (up 1.5% from 2Q 2024). Profit margin: 9.3% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 8.5% 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 4% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 31
Dividend increased to NT$7.42 Dividend of NT$7.42 is 12% higher than last year. Ex-date: 18th June 2025 Payment date: 11th July 2025 Dividend yield will be 4.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio) nor is it covered by cash flows (257% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 5.7% to bring the payout ratio under control. EPS is expected to grow by 10% over the next year, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • May 01
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: NT$2.24 (up from NT$1.94 in 1Q 2024). Net income: NT$238.4m (up 16% from 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Revenue is forecast to grow 14% 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 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$152, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 95% over the past three years. Announcement • Apr 23
Stark Technology Inc. to Report Q1, 2025 Results on Apr 30, 2025 Stark Technology Inc. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Mar 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 03
Stark Technology Inc., Annual General Meeting, May 29, 2025 Stark Technology Inc., Annual General Meeting, May 29, 2025. Location: 13 floor no,282, pei ta rd., hsinchu city Taiwan Announcement • Feb 20
Stark Technology Inc. to Report Q4, 2024 Results on Feb 27, 2025 Stark Technology Inc. announced that they will report Q4, 2024 results on Feb 27, 2025 Buy Or Sell Opportunity • Dec 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.5% to NT$134. The fair value is estimated to be NT$110, however this is not to be taken as a sell recommendation but rather should be used as a guide only. 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 05
Third quarter 2024 earnings released: EPS: NT$1.71 (vs NT$1.73 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.71 (down from NT$1.73 in 3Q 2023). Revenue: NT$1.76b (up 4.4% from 3Q 2023). Net income: NT$181.6m (down 1.4% from 3Q 2023). Profit margin: 10% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 24
Stark Technology Inc. to Report Q3, 2024 Results on Oct 31, 2024 Stark Technology Inc. announced that they will report Q3, 2024 results on Oct 31, 2024 Announcement • Jul 24
Stark Technology Inc. to Report Q2, 2024 Results on Jul 31, 2024 Stark Technology Inc. announced that they will report Q2, 2024 results on Jul 31, 2024 Declared Dividend • Jun 03
Dividend increased to NT$6.64 Dividend of NT$6.64 is 6.1% higher than last year. Ex-date: 20th June 2024 Payment date: 12th July 2024 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) nor is it covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 13% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend. Announcement • Jun 01
Stark Technology Inc. Announces Cash Dividend, Payable on July 12, 2024 Stark Technology Inc. announced cash dividends of TWD 6.64 per share to shareholders total TWD 706,232,332. Ex-rights (ex-dividend) record date is June 26, 2024. Payment date of cash dividend distribution is July 12, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: NT$1.94 (vs NT$1.99 in 1Q 2023) First quarter 2024 results: EPS: NT$1.94 (down from NT$1.99 in 1Q 2023). Revenue: NT$1.75b (up 2.2% from 1Q 2023). Net income: NT$206.2m (down 2.5% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 14% 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 • Apr 23
Stark Technology Inc. to Report Q1, 2024 Results on Apr 30, 2024 Stark Technology Inc. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Mar 05
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: NT$7.36 (up from NT$6.91 in FY 2022). Revenue: NT$7.27b (up 8.1% from FY 2022). Net income: NT$783.2m (up 6.5% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 01
Stark Technology Inc., Annual General Meeting, May 31, 2024 Stark Technology Inc., Annual General Meeting, May 31, 2024. Location: 13th floor conference center No.282, Beida Rd Hsinchu City Taiwan Agenda: To consider and report the business of 2023; To consider the Audit Committee's Review Report of 2023; to consider and report the remuneration for employees and directors of 2023; to consider and report the purchase of directors's and officers's liability insurance; to consider proposal for cash dividend distribution of 2023; to consider 2023 Business Report and Financial Statements; to consider proposal for 2023 earnings distribution; to revise the Company's partial provisions for Articles of Incorporation; and to release directors from Non-Compete Restriction. Announcement • Oct 28
Stark Technology Inc. to Report Q3, 2023 Results on Oct 27, 2023 Stark Technology Inc. announced that they will report Q3, 2023 results at 9:00 AM, Taipei Standard Time on Oct 27, 2023 Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: NT$1.79 (vs NT$1.60 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.79 (up from NT$1.60 in 2Q 2022). Revenue: NT$1.89b (up 15% from 2Q 2022). Net income: NT$190.7m (up 12% from 2Q 2022). Profit margin: 10% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. New Risk • Jul 28
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 High level of non-cash earnings (36% accrual ratio). Minor Risks Dividend is not well covered by cash flows (169% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Upcoming Dividend • Jun 08
Upcoming dividend of NT$6.26 per share at 5.3% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 14 July 2023. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%). Announcement • May 30
Stark Technology Inc. Announces Cash Dividend, Payable on July 14, 2023 Stark Technology Inc. announced cash dividends of TWD 6.26 per share to shareholders total TWD 665,815,421. Ex-rights (ex-dividend) record date is June 21, 2023. Payment date of cash dividend distribution is July 14, 2023. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: NT$6.91 (vs NT$6.00 in FY 2021) Full year 2022 results: EPS: NT$6.91 (up from NT$6.00 in FY 2021). Revenue: NT$6.73b (up 2.3% from FY 2021). Net income: NT$735.2m (up 15% from FY 2021). Profit margin: 11% (up from 9.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: NT$1.71 (vs NT$1.29 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.71 (up from NT$1.29 in 3Q 2021). Revenue: NT$1.65b (up 1.6% from 3Q 2021). Net income: NT$182.3m (up 33% from 3Q 2021). Profit margin: 11% (up from 8.4% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Stark Technology Inc. Announces Executive Changes, Effective from November 1, 2022 Stark Technology Inc. announced that previous financial officer, accounting officer and corporate governance officer, Vice President TSENG SHU CHEN, has applied for retirement. Director HUANG I TZU will hold the position of financial officer, accounting officer and corporate governance officer from November 1, 2022. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: NT$1.61 (vs NT$1.27 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.61 (up from NT$1.27 in 2Q 2021). Revenue: NT$1.64b (up 8.1% from 2Q 2021). Net income: NT$170.6m (up 27% from 2Q 2021). Profit margin: 10% (up from 8.9% 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 17% per year whereas the company’s share price has increased by 18% per year. Upcoming Dividend • Jun 16
Upcoming dividend of NT$5.62 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 20 July 2022. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.3%). Announcement • May 29
Stark Technology, Inc. Announces Director Changes Stark Technology, Inc. announced the appointment of CHOU, CHING-YI as representative of institutional director in place of TSENG, YI-SHUN, effective from May 27, 2022. Reported Earnings • May 02
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: NT$1.71 (up from NT$1.35 in 1Q 2021). Revenue: NT$1.57b (up 9.0% from 1Q 2021). Net income: NT$182.4m (up 27% from 1Q 2021). Profit margin: 12% (up from 10.0% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 3.8%. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Announcement • May 02
Stark Technology, Inc. Announces Executive Changes Stark Technology, Inc. announced the appointment of Yeh Yao Ling as financial officer, accounting officer and corporate governance officer in place of Tseng Shu Chen, with effect from April 29, 2022. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: NT$6.00 (up from NT$4.68 in FY 2020). Revenue: NT$6.58b (up 19% from FY 2020). Net income: NT$638.2m (up 28% from FY 2020). Profit margin: 9.7% (in line with FY 2020). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 3.8%. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS NT$1.29 (vs NT$1.09 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$1.63b (up 22% from 3Q 2020). Net income: NT$137.1m (up 18% from 3Q 2020). Profit margin: 8.4% (down from 8.7% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 24% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS NT$1.27 (vs NT$1.07 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.52b (up 14% from 2Q 2020). Net income: NT$134.5m (up 18% from 2Q 2020). Profit margin: 8.9% (up from 8.6% 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 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 19
Upcoming dividend of NT$4.30 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 27 July 2021. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%). Reported Earnings • May 04
First quarter 2021 earnings released: EPS NT$1.35 (vs NT$1.22 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$1.44b (up 10% from 1Q 2020). Net income: NT$143.8m (up 11% from 1Q 2020). Profit margin: 10.0% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Announcement • Feb 27
Stark Technology, Inc., Annual General Meeting, May 28, 2021 Stark Technology, Inc., Annual General Meeting, May 28, 2021. Location: No.282, Beida Rd. The Third Credit Cooperative of Hsinchu on the 13th floor conference center Hsinchu City Taiwan Agenda: To report the business of 2020; to approve audit committee's review report of 2020; to report the remuneration for employees and directors of 2020; to report the purchase of directors' and officers' liability insurance; to approve cash dividend distribution of 2020; to revise the company's partial provisions for principles of ethical management; to revise the company's partial provisions for procedures for ethical management and guidelines for conduct; to revise the company's partial provisions for codes of ethical conduct; and to discuss other matters. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS NT$4.68 (vs NT$4.20 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$5.54b (flat on FY 2019). Net income: NT$497.6m (up 11% from FY 2019). Profit margin: 9.0% (up from 8.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 25
New 90-day high: NT$70.30 The company is up 4.0% from its price of NT$67.50 on 27 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: NT$68.00 The company is up 6.0% from its price of NT$64.00 on 20 October 2020. The Taiwanese market is up 20% 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 09
New 90-day high: NT$66.20 The company is up 4.0% from its price of NT$63.50 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. Announcement • Oct 30
Stark Technology, Inc. Announce the Change of Chief Internal Auditor Stark Technology, Inc. approved the change of Chief Internal Auditor. Name, title, and resume of the previous position holder: Peng Min Hui, Senior Manager of Internal Audit Division. Name, title, and resume of the new position holder: Yu Chun Chi, Supervisor of Internal Audit Division, with effect from November 1, 2020. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of NT$483.0m, up 8.6% from the prior year. Total revenue was NT$5.55b over the last 12 months, up 5.8% from the prior year. 