Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$25.15, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 34x in the Communications industry in Taiwan. Total returns to shareholders of 11% over the past three years. New Risk • Apr 01
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 8.4% 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 (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$27.95, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 30x in the Communications industry in Taiwan. Total returns to shareholders of 20% over the past three years. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$0.68 (vs NT$0.008 in FY 2024) Full year 2025 results: EPS: NT$0.68 (up from NT$0.008 in FY 2024). Revenue: NT$4.19b (up 17% from FY 2024). Net income: NT$222.1m (up NT$219.3m from FY 2024). Profit margin: 5.3% (up from 0.1% 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 108% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
CyberTAN Technology Inc., Annual General Meeting, May 28, 2026 CyberTAN Technology Inc., Annual General Meeting, May 28, 2026. Location: no,99, yuan ou 3rd rd., baoshan township hsinchu science park, hsinchu county Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.016 profit in 3Q 2024) Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.016 profit in 3Q 2024). Revenue: NT$1.01b (down 2.3% from 3Q 2024). Net loss: NT$104.4m (down NT$109.7m from profit in 3Q 2024). 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 3% per year, which means it is significantly lagging earnings growth. New Risk • Nov 05
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 6.8% 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 (68% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$29.40, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 30% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released: NT$0.50 loss per share (vs NT$0.06 profit in 2Q 2024) Second quarter 2025 results: NT$0.50 loss per share (down from NT$0.06 profit in 2Q 2024). Revenue: NT$1.17b (up 53% from 2Q 2024). Net loss: NT$160.6m (down NT$180.3m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$2.30 (vs NT$0.005 loss in 1Q 2024) First quarter 2025 results: EPS: NT$2.30 (up from NT$0.005 loss in 1Q 2024). Revenue: NT$868.3m (up 32% from 1Q 2024). Net income: NT$742.9m (up NT$744.5m from 1Q 2024). Profit margin: 86% (up from net loss in 1Q 2024). 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 3% per year, which means it is significantly lagging earnings growth. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. GM, President, Chairman of the Board & CSO Gwong-Yih Lee was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 01
CyberTAN Technology Inc. to Report Q1, 2025 Results on May 09, 2025 CyberTAN Technology Inc. announced that they will report Q1, 2025 results on May 09, 2025 New Risk • Mar 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% 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 Risks Earnings have declined by 43% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.01 (vs NT$0.97 loss in FY 2023) Full year 2024 results: EPS: NT$0.01 (up from NT$0.97 loss in FY 2023). Revenue: NT$3.60b (down 5.5% from FY 2023). Net income: NT$2.72m (up NT$319.5m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). 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 increased by 3% per year. Announcement • Mar 06
CyberTAN Technology Inc., Annual General Meeting, May 29, 2025 CyberTAN Technology Inc., Annual General Meeting, May 29, 2025. Location: no,99, yuan ou 3rd rd., baoshan township hsinchu science park, hsinchu county Taiwan Announcement • Feb 26
CyberTAN Technology Inc. to Report Fiscal Year 2024 Results on Mar 05, 2025 CyberTAN Technology Inc. announced that they will report fiscal year 2024 results on Mar 05, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.07 loss in 3Q 2023) Third quarter 2024 results: EPS: NT$0.02 (up from NT$0.07 loss in 3Q 2023). Revenue: NT$1.04b (down 17% from 3Q 2023). Net income: NT$5.24m (up NT$28.3m from 3Q 2023). Profit margin: 0.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Nov 06
CyberTAN Technology Inc. to Report Q3, 2024 Results on Nov 13, 2024 CyberTAN Technology Inc. announced that they will report Q3, 2024 results on Nov 13, 2024 Announcement • Sep 27
CyberTAN Technology Inc. Announces Executive Changes CyberTAN Technology Inc. announced change of corporate governance officer. Name, title, and resume of the previous position holder: corporate governance officer: Sam Huang, Senior Assistant Manager. Name, title, and resume of the new position holder: financial officer, accounting officer: Sam Huang, Senior Assistant Manager corporate governance officer: Steven Kuo, Manager. Effective date: September 26, 2024. Announcement • Sep 05
CyberTAN Technology Inc. Announces Change of the Financial Officer, Accounting Officer CyberTAN Technology Inc. announced the change of the financial officer, accounting officer and corporate governance officer. Name, title, and resume of the previous position holder: Even Lee, financial officer and accounting officer and corporate governance officer. Name, title, and resume of the new position holder: Sam Huang, Senior Assistant Manager. Reason for the change: position adjustment. Effective date is September 4, 2024. The new financial officer, accounting officer and corporate governance officer will become effective with the approval of the Board. New Risk • Aug 18
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 9.4% 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 Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 64% per year over the past 5 years. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.30 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.06 (up from NT$0.30 loss in 2Q 2023). Revenue: NT$765.5m (up 9.4% from 2Q 2023). Net income: NT$19.7m (up NT$119.0m from 2Q 2023). Profit margin: 2.6% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Aug 02
CyberTAN Technology Inc. to Report Q2, 2024 Results on Aug 09, 2024 CyberTAN Technology Inc. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: NT$659.1m (down 24% from 1Q 2023). Net loss: NT$1.60m (loss narrowed 99% from 1Q 2023). 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. Announcement • May 03
CyberTAN Technology Inc. to Report Q1, 2024 Results on May 10, 2024 CyberTAN Technology Inc. announced that they will report Q1, 2024 results on May 10, 2024 New Risk • Mar 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: Major Risk Earnings have declined by 78% 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 • Mar 17
Full year 2023 earnings released: NT$0.97 loss per share (vs NT$1.12 loss in FY 2022) Full year 2023 results: NT$0.97 loss per share (improved from NT$1.12 loss in FY 2022). Revenue: NT$3.81b (down 34% from FY 2022). Net loss: NT$316.8m (loss narrowed 14% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
CyberTAN Technology Inc., Annual General Meeting, Jun 25, 2024 CyberTAN Technology Inc., Annual General Meeting, Jun 25, 2024. Location: 99 Park Avenue III, Science Park Hsinchu Taiwan Agenda: To report the business of fiscal year 2023; to consider Audit Committees review report of fiscal year 2023; to accept 2023 Business Report and Financial Statements; to consider Amendments to the Rules of Procedure for Shareholders' Meetings; to consider By-election of director; to consider Approve the suspension of non-competition restrictions on the Directors and their representatives. Announcement • Oct 31
CyberTAN Technology Launches CyberWiFi Small and Medium-Sized Business Network Products CyberTAN Technology announced the launch of its CyberWiFi cloud network product series, making a proactive entry into the small and medium-sized enterprise market. CyberWiFi SMB solutions include Controller, Indoor Wall Mount Access Point, Indoor Ceiling Mount Access Point, Managed Switch, and Outdoor Long Range Fixed Wireless Access Point. Combined with their in-house developed cloud platform and management features, these offerings provide an excellent and cost-effective network solution for small and medium-sized enterprises, factories, SI vendors, featuring cloud-based intelligent management. CyberWiFi products feature an in-house developed cloud platform, incorporating management functionalities essential for small and medium-sized enterprise networks. Through intuitive mobile applications, network deployment and management are streamlined, providing simple, intelligent, and secure networking solutions for small and medium-sized businesses. The highlights of CyberWiFi products and network management include: sy Inststallation- BLE Installation, One-click Install; Ea Management- Zero touch provisioning, cloud babased multi-site management; Easy Monitoring- Real-time topology, Wi-Fi QoE insight; AI Based QoE Engine- Diagnosing SMB intranet environment and Rating Network QoE Metric automatically- Analyzing user behavior and change channel/radio based on AI method- Fine-tuning WiFi through AI automation. Reported Earnings • Aug 18
Second quarter 2023 earnings released: NT$0.30 loss per share (vs NT$0.31 loss in 2Q 2022) Second quarter 2023 results: NT$0.30 loss per share (improved from NT$0.31 loss in 2Q 2022). Revenue: NT$700.0m (down 41% from 2Q 2022). Net loss: NT$99.3m (loss narrowed 1.8% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 18
Full year 2022 earnings released: NT$1.12 loss per share (vs NT$0.074 profit in FY 2021) Full year 2022 results: NT$1.12 loss per share (down from NT$0.074 profit in FY 2021). Revenue: NT$5.75b (up 46% from FY 2021). Net loss: NT$366.7m (down NT$391.1m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance. Announcement • Dec 31
CyberTAN Technology Inc. Announces Executive Changes CyberTAN Technology Inc. announced Name, title, and resume of the previous position holder: Sammie Huang, financial officer and accounting officer with Name, title, and resume of the new position holder: Even Lee, Finance Manager. Date of occurrence of the change is December 30, 2022. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.16 (vs NT$0.17 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.16 (down from NT$0.17 in 3Q 2021). Revenue: NT$1.90b (up 108% from 3Q 2021). Net income: NT$52.2m (down 4.0% from 3Q 2021). Profit margin: 2.7% (down from 6.0% in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.16 (vs NT$0.17 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.16 (down from NT$0.17 in 3Q 2021). Revenue: NT$1.90b (up 108% from 3Q 2021). Net income: NT$52.2m (down 4.0% from 3Q 2021). Profit margin: 2.7% (down from 6.0% in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.31 loss per share (vs NT$0.034 profit in 2Q 2021) Second quarter 2022 results: NT$0.31 loss per share (down from NT$0.034 profit in 2Q 2021). Revenue: NT$1.18b (up 24% from 2Q 2021). Net loss: NT$101.1m (down NT$112.3m from profit in 2Q 2021). 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 • Aug 12
CyberTAN Technology Inc. Appoints Gwong-Yih Lee as CSO CyberTAN Technology Inc. announced the appointment of Gwong-Yih Lee as CSO which resolved by the Board of Directors. Effective date is August 11, 2022. Upcoming Dividend • Jul 26
Upcoming dividend of NT$0.05 per share Eligible shareholders must have bought the stock before 02 August 2022. Payment date: 26 August 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (3.0%). Announcement • Jun 16
CyberTAN Technology, Inc. Announces Change of Spokesperson CyberTAN Technology, Inc. announced the change of spokesperson. Date of occurrence of the change: June 15, 2022. Name, title, and resume of the previous position holder: Sammie Huang/Finance & Accounting Officer. Name, title, and resume of the new position holder: Lynn Kuo /spokesperson. Reported Earnings • May 13
First quarter 2022 earnings released: NT$0.29 loss per share (vs NT$0.05 loss in 1Q 2021) First quarter 2022 results: NT$0.29 loss per share (down from NT$0.05 loss in 1Q 2021). Revenue: NT$780.1m (down 26% from 1Q 2021). Net loss: NT$94.8m (loss widened 481% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • May 10
CyberTAN Technology, Inc. Approves Cash Dividend for the Period Ended December 31, 2021 CyberTAN Technology, Inc. approved appropriations of earnings in cash dividends to shareholders of TWD 0.05000000 per share for the period from January 1, 2021 to December 31, 2021. Total amount of cash distributed to shareholders was TWD 16,430,271. Announcement • May 09
CyberTAN Technology, Inc. Announces the Change of Director CyberTAN Technology, Inc. announced the change of director. Title and name of the previous position holder: Director/Roger Wu. Resume of the previous position holder: Director of CyberTAN Technology, Inc. Announcement • May 04
CyberTAN Technology, Inc. Appoints Hank Hsieh as Representative Juristic-Person Director CyberTAN Technology, Inc. announced the appointment of Hank Hsieh, Vice President of Business Management Center, CyberTAN Technology Inc. as representative juristic-person director. Effective date of the new appointment is May 3, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Shih-Mei Lin 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. Board Change • Apr 15
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Shih-Mei Lin 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. Announcement • Mar 23
CyberTAN Technology, Inc., Annual General Meeting, Jun 24, 2022 CyberTAN Technology, Inc., Annual General Meeting, Jun 24, 2022. Location: CyberTAN Technology, Inc. 99 Park Avenue III, Science Park, Hsinchu Taiwan Agenda: To report the business of fiscal year 2021; to consider Audit Committees review report of fiscal year 2021; to report 2021 employees profit sharing bonus; to report 2021 appropriations of earnings in cash dividends to shareholders; and to consider other matters. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.17 (vs NT$0.02 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$912.7m (down 28% from 3Q 2020). Net income: NT$54.4m (up NT$61.1m from 3Q 2020). Profit margin: 6.0% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.03 (vs NT$0.046 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$949.4m (down 24% from 2Q 2020). Net income: NT$11.3m (down 25% from 2Q 2020). Profit margin: 1.2% (in line with 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 29
Upcoming dividend of NT$0.15 per share Eligible shareholders must have bought the stock before 05 August 2021. Payment date: 31 August 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.9%). Reported Earnings • May 16
First quarter 2021 earnings released: NT$0.05 loss per share (vs NT$0.049 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses were not reduced. First quarter 2021 results: Revenue: NT$1.05b (up 13% from 1Q 2020). Net loss: NT$16.3m (flat on 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • May 13
CyberTAN Technology, Inc. Approves Cash Dividend for the Period Ended December 31, 2020 CyberTAN Technology, Inc. approved appropriations of earnings in cash dividends to shareholders of TWD 0.15000000 per share for the period from January 1, 2021 to December 31, 2020. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$0.07 (vs NT$0.16 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.83b (down 15% from FY 2019). Net income: NT$23.6m (down 54% from FY 2019). Profit margin: 0.5% (down from 0.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 04
New 90-day high: NT$19.90 The company is up 39% from its price of NT$14.35 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: NT$17.90 The company is up 18% from its price of NT$15.20 on 18 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 Communications industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: NT$15.85 The company is up 3.0% from its price of NT$15.40 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 5.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.02 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$1.27b (down 14% from 3Q 2019). Net loss: NT$6.65m (down 248% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 25
New 90-day low: NT$13.90 The company is down 5.0% from its price of NT$14.65 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 Communications industry, which is flat over the same period.