New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.0% net profit margin). Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$24.85, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 31x in the Electronic industry in Taiwan. Total returns to shareholders of 60% over the past three years. Buy Or Sell Opportunity • Apr 20
Now 24% overvalued Over the last 90 days, the stock has fallen 16% to NT$22.60. The fair value is estimated to be NT$18.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 13%. Announcement • Mar 13
Optimax Technology Corporation, Annual General Meeting, Jun 24, 2026 Optimax Technology Corporation, Annual General Meeting, Jun 24, 2026. Location: no,37 ln.659, p`ing tung rd., pingjhen district, taoyuan city Taiwan New Risk • Feb 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 6.9% 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 Dividend is not well covered by earnings (131% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (9.9% net profit margin). Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$22.45, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 52% over the past three years. Buy Or Sell Opportunity • Jan 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.9% to NT$21.80. The fair value is estimated to be NT$18.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 13%. New Risk • Nov 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.10b (US$99.4m) 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 Dividend is not well covered by earnings (132% payout ratio). Profit margins are more than 30% lower than last year (9.9% net profit margin). Market cap is less than US$100m (NT$3.10b market cap, or US$99.4m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.14 loss per share (vs NT$0.34 profit in 2Q 2024) Second quarter 2025 results: NT$0.14 loss per share (down from NT$0.34 profit in 2Q 2024). Revenue: NT$461.4m (up 6.3% from 2Q 2024). Net loss: NT$23.3m (down 141% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Jul 20
Dividend increased to NT$1.52 Dividend of NT$1.52 is 52% higher than last year. Ex-date: 5th August 2025 Payment date: 29th August 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 12% per year over the past 2 years. However, payments have been volatile during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.43 (vs NT$0.59 in 1Q 2024) First quarter 2025 results: EPS: NT$0.43 (down from NT$0.59 in 1Q 2024). Revenue: NT$457.4m (up 21% from 1Q 2024). Net income: NT$71.9m (down 27% from 1Q 2024). Profit margin: 16% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • May 01
Optimax Technology Corporation to Report Q1, 2025 Results on May 08, 2025 Optimax Technology Corporation announced that they will report Q1, 2025 results on May 08, 2025 Buy Or Sell Opportunity • Apr 15
Now 22% overvalued Over the last 90 days, the stock has fallen 18% to NT$27.10. The fair value is estimated to be NT$22.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 29%. 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$24.35, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 12% over the past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$2.01 (vs NT$1.03 in FY 2023) Full year 2024 results: EPS: NT$2.01 (up from NT$1.03 in FY 2023). Revenue: NT$1.89b (down 5.9% from FY 2023). Net income: NT$337.3m (up 96% from FY 2023). Profit margin: 18% (up from 8.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Mar 14
Optimax Technology Corporation, Annual General Meeting, Jun 24, 2025 Optimax Technology Corporation, Annual General Meeting, Jun 24, 2025. Location: no,37 ln.659, p`ing tung rd., pingjhen district, taoyuan city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.49 (vs NT$0.46 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.49 (up from NT$0.46 in 3Q 2023). Revenue: NT$496.4m (down 7.6% from 3Q 2023). Net income: NT$81.5m (up 4.5% from 3Q 2023). Profit margin: 16% (up from 14% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.3% to NT$30.65. The fair value is estimated to be NT$38.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 49%. Buy Or Sell Opportunity • Sep 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.7% to NT$30.70. The fair value is estimated to be NT$38.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 49%. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: NT$0.34 (vs NT$0.20 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.34 (up from NT$0.20 in 2Q 2023). Revenue: NT$433.9m (down 16% from 2Q 2023). Net income: NT$57.2m (up 67% from 2Q 2023). Profit margin: 13% (up from 6.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Aug 08
Optimax Technology Corporation to Report Q2, 2024 Results on Aug 08, 2024 Optimax Technology Corporation announced that they will report Q2, 2024 results on Aug 08, 2024 Declared Dividend • Jul 23
Dividend of NT$1.00 announced Shareholders will receive a dividend of NT$1.00. Ex-date: 5th August 2024 Payment date: 29th August 2024 Dividend yield will be 3.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (50% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.59 (vs NT$0.077 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.59 (up from NT$0.077 loss in 1Q 2023). Revenue: NT$379.2m (down 20% from 1Q 2023). Net income: NT$98.5m (up NT$111.5m from 1Q 2023). Profit margin: 26% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to NT$33.60. The fair value is estimated to be NT$42.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Earnings per share has declined by 32%. Announcement • May 02
Optimax Technology Corporation to Report Q1, 2024 Results on May 09, 2024 Optimax Technology Corporation announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: NT$1.03 (vs NT$2.62 in FY 2022) Full year 2023 results: EPS: NT$1.03 (down from NT$2.62 in FY 2022). Revenue: NT$2.00b (down 32% from FY 2022). Net income: NT$172.5m (down 61% from FY 2022). Profit margin: 8.6% (down from 15% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Announcement • Mar 15
Optimax Technology Corporation, Annual General Meeting, Jun 20, 2024 Optimax Technology Corporation, Annual General Meeting, Jun 20, 2024. Location: Tao-Yuan Youth Activity Center, Located at No. 128, Sec. 1, Yanping Rd., Pingzhen Dist., Taoyuan City Taiwan Agenda: To consider 2023 business report; to consider Audit Committee Review Report; to consider Report on the 2023 Distribution of Employees' and Directors' Remuneration; to consider Ratification of the 2023 Business Report and Financial Statements; to consider Ratification of 2023 earnings distribution; to consider Re-election of Directors; and to release the Prohibition on Directors from Participation in Competitive Business. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$36.45, the stock trades at a trailing P/E ratio of 63.3x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 251% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$38.50, the stock trades at a trailing P/E ratio of 66.8x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 271% over the past three years. New Risk • Aug 17
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: 7.3% Last year net profit margin: 13% 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: Minor Risks High level of debt (48% net debt to equity). Dividend is not well covered by earnings (116% payout ratio). Profit margins are more than 30% lower than last year (7.3% net profit margin). Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$0.20 (vs NT$1.07 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.20 (down from NT$1.07 in 2Q 2022). Revenue: NT$517.4m (down 38% from 2Q 2022). Net income: NT$34.2m (down 81% from 2Q 2022). Profit margin: 6.6% (down from 22% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$29.20, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 245% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$25.30, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 248% over the past three years. Upcoming Dividend • Jul 17
Upcoming dividend of NT$1.20 per share at 5.4% yield Eligible shareholders must have bought the stock before 24 July 2023. Payment date: 18 August 2023. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.1%). Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: NT$2.62 (vs NT$4.76 in FY 2021) Full year 2022 results: EPS: NT$2.62 (down from NT$4.76 in FY 2021). Revenue: NT$2.95b (down 7.7% from FY 2021). Net income: NT$443.6m (down 45% from FY 2021). Profit margin: 15% (down from 25% in FY 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. 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$19.95, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 219% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chao Min was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.90 (vs NT$0.52 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.90 (up from NT$0.52 in 3Q 2021). Revenue: NT$722.3m (down 8.3% from 3Q 2021). Net income: NT$152.9m (up 72% from 3Q 2021). Profit margin: 21% (up from 11% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: NT$1.07 (vs NT$0.61 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.07 (up from NT$0.61 in 2Q 2021). Revenue: NT$829.3m (down 9.4% from 2Q 2021). Net income: NT$181.8m (up 75% from 2Q 2021). Profit margin: 22% (up from 11% in 2Q 2021). 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 56% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 19% share price gain to NT$18.20, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 216% over the past three years. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: NT$0.65 (vs NT$3.52 in 1Q 2021) First quarter 2022 results: EPS: NT$0.65 (down from NT$3.52 in 1Q 2021). Revenue: NT$773.9m (up 2.9% from 1Q 2021). Net income: NT$111.3m (down 81% from 1Q 2021). Profit margin: 14% (down from 80% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Tzeng-Guey Gu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$4.76 (vs NT$0.097 in FY 2020) Full year 2021 results: EPS: NT$4.76 (up from NT$0.097 in FY 2020). Revenue: NT$3.19b (up 32% from FY 2020). Net income: NT$809.9m (up NT$793.5m from FY 2020). Profit margin: 25% (up from 0.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 15% share price gain to NT$26.05, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 285% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 34% share price gain to NT$18.10, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 505% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.037 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$787.5m (up 28% from 3Q 2020). Net income: NT$89.0m (up NT$76.9m from 3Q 2020). Profit margin: 11% (up from 2.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 24% share price decline to NT$8.88, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 143% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.32 (vs NT$0.15 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$915.6m (up 69% from 2Q 2020). Net income: NT$104.0m (up NT$154.1m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 22% share price gain to NT$11.00, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 211% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$1.84 (vs NT$0.044 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$752.3m (up 38% from 1Q 2020). Net income: NT$598.1m (up NT$583.9m from 1Q 2020). Profit margin: 80% (up from 2.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$0.05 (vs NT$0.52 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$2.42b (down 3.9% from FY 2019). Net income: NT$16.5m (up NT$185.8m from FY 2019). Profit margin: 0.7% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 22
New 90-day high: NT$6.50 The company is up 31% from its price of NT$4.95 on 24 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: NT$6.00 The company is up 23% from its price of NT$4.88 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: NT$5.36 The company is up 11% from its price of NT$4.82 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.04 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$614.2m (down 7.4% from 3Q 2019). Net income: NT$12.1m (up NT$43.0m from 3Q 2019). Profit margin: 2.0% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.