Reported Earnings • May 17
First quarter 2026 earnings released: NT$0.59 loss per share (vs NT$0.67 profit in 1Q 2025) First quarter 2026 results: NT$0.59 loss per share (down from NT$0.67 profit in 1Q 2025). Revenue: NT$1.96b (down 29% from 1Q 2025). Net loss: NT$138.7m (down 188% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings have declined by 4.9% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 4.9% per year over the past 5 years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$64.90, the stock trades at a trailing P/E ratio of 63.8x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 34% over the past three years. Announcement • Mar 12
FIC Global, Inc., Annual General Meeting, May 27, 2026 FIC Global, Inc., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,300, yang kuang st., neihu district, taipei city Taiwan Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$58.90, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$47.20, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$58.70, the stock trades at a trailing P/E ratio of 57.7x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to NT$52.30, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 46% over the past three years. New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$37.75, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total loss to shareholders of 2.3% over the past three years. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$0.16 (vs NT$0.10 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.16 (up from NT$0.10 loss in 3Q 2024). Revenue: NT$2.29b (down 33% from 3Q 2024). Net income: NT$37.1m (up NT$61.0m from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 30
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 07 October 2025. Payment date: 05 November 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.4%). Announcement • Sep 10
FIC Global, Inc. Announces Optical Transceivers Are Shaping the Future of AI FIC Global Inc. is drawing on over 16 years of expertise to take the lead in this space. To power next-generation AI factories, the AI infrastructure industry has increasingly embraced silicon photonics for networking layers. Due to slower speeds and less energy efficiency, electrical connections are expected to be phased out in the coming years. In their stead, optical communications via silicon photonics will deliver: Un unparalleled speed and reduction of latency; Significant gains in energy efficiency; Greater scalability as AI infrastructure. As the key component, optical transceivers convert electrical signals into light data for transmission over fiber optic cables, significantly accelerating data movement between compute nodes. This year, the new benchmark for data transmission speeds is now 1.6 terabits (T) per second, and companies like FICG are innovating to double speeds in the future. FICG brings more than 16 years of expertise in process leadership and manufacturing technology, delivering optical transceivers for telecommunications, enterprise networks, data centers, and cloud computing since 2008. With an early lead in optical communications, the company is positioned to play a key role in powering the coming generation of AI data centers. Since 2020, when it began including chips-on-board, FICG has made significant technological advancements: 2020 to 2022: To power the significant data requirements for data centers and high-performance computing (HPC), FICG introduced cutting-edge octal small form-factor pluggable (OSFP) and 800G modules; 2023: Officially started development and commercialization for 1.6T OSFP Siph (flip chip) modules; launched advanced 800G OSFP flip chips with linear receive optics (LRO) and transmit retimed optics (TRO). 2024: Set a new milestone in the industry for technological capabilities and strategic deployment by introducing the 1.6T OSFP TRO Siph and 1.6T OSFPSiph (Normal) series. These achievements come from FICG's competitive vertically integrated model and process leadership. It focuses on joint design manufacturing (JDM) and high-precision printed circuit board assembly (PCBA), and then packages PCBs with semiconductors. Specifically, FICG integrates higher-tech manufacturing processes like 2.5D and 3D semiconductor packaging and bare-die flip chip installation with the more mainstream surface mount technology for the rest of a PCB, enabling customers to consolidate their optical module supply chains. The company also mastered ultra-miniaturization manufacturing techniques early on, including the installation of component sizes such as 008004 (0.25x0.125 mm), 01005 (0.4x0.2 mm), and 0201 (0.6x0.3 mm) -- almost as small as a hair's breadth. Today, FICG supplies major players worldwide and collaborates closely with semiconductor manufacturers. It represents 20% of global market share in 400G, 18% in 800G, and is establishing a lead in the latest 1.6T segment while innovating for 3.2T. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$42.90, the stock trades at a trailing P/E ratio of 56.5x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total loss to shareholders of 17% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.28 (vs NT$0.091 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.28 (up from NT$0.091 in 2Q 2024). Revenue: NT$2.62b (down 26% from 2Q 2024). Net income: NT$66.5m (up 212% from 2Q 2024). Profit margin: 2.5% (up from 0.6% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. New Risk • May 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Reported Earnings • May 17
First quarter 2025 earnings released: EPS: NT$0.67 (vs NT$0.21 in 1Q 2024) First quarter 2025 results: EPS: NT$0.67 (up from NT$0.21 in 1Q 2024). Revenue: NT$2.76b (down 14% from 1Q 2024). Net income: NT$157.7m (up 218% from 1Q 2024). Profit margin: 5.7% (up from 1.6% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • May 06
FIC Global, Inc. to Report Q1, 2025 Results on May 13, 2025 FIC Global, Inc. announced that they will report Q1, 2025 results on May 13, 2025 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 23x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (0.05% net profit margin). Announcement • Mar 12
FIC Global, Inc., Annual General Meeting, May 28, 2025 FIC Global, Inc., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,12, chou tzu st., neihu district, taipei city Taiwan Announcement • Mar 01
FIC Global, Inc. to Report Fiscal Year 2024 Results on Mar 10, 2025 FIC Global, Inc. announced that they will report fiscal year 2024 results on Mar 10, 2025 New Risk • Dec 27
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: 0.05% Last year net profit margin: 3.5% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 23x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks 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 (0.05% net profit margin). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). New Risk • Nov 06
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: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Announcement • Nov 05
FIC Global, Inc. to Report Q3, 2024 Results on Nov 12, 2024 FIC Global, Inc. announced that they will report Q3, 2024 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$45.35, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total loss to shareholders of 21% over the past three years. Announcement • Aug 10
FIC Global, Inc. Announces the Resignation of Chien, Ming-Jeh as Independent Director FIC Global, Inc. announced the resignation of Chien, Ming-Jeh as Independent Director of the company. Date of occurrence of the change: August 08, 2024. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$37.20, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 75% over the past three years. Announcement • Aug 06
FIC Global, Inc. to Report Q2, 2024 Results on Aug 13, 2024 FIC Global, Inc. announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Aug 05
New minor risk - Dividend sustainability The company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 1.8% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Upcoming Dividend • Jul 11
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 18 July 2024. Payment date: 16 August 2024. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.5%). Declared Dividend • Jun 24
Dividend of NT$0.70 announced Shareholders will receive a dividend of NT$0.70. Ex-date: 18th July 2024 Payment date: 16th August 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (9% 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 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Announcement • May 02
FIC Global, Inc. to Report Q1, 2024 Results on May 09, 2024 FIC Global, Inc. announced that they will report Q1, 2024 results at 12:00 PM, Taipei Standard Time on May 09, 2024 New Risk • Mar 31
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: 2.5% Last year net profit margin: 3.8% 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 Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: NT$1.49 (vs NT$2.23 in FY 2022) Full year 2023 results: EPS: NT$1.49 (down from NT$2.23 in FY 2022). Revenue: NT$13.3b (up 6.7% from FY 2022). Net income: NT$332.1m (down 30% from FY 2022). Profit margin: 2.5% (down from 3.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 19
FIC Global, Inc., Annual General Meeting, Jun 06, 2024 FIC Global, Inc., Annual General Meeting, Jun 06, 2024. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$59.60, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 334% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$64.80, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 409% over the past three years. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: NT$0.70 (vs NT$0.65 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.70 (up from NT$0.65 in 2Q 2022). Revenue: NT$3.33b (up 7.0% from 2Q 2022). Net income: NT$151.7m (up 10.0% from 2Q 2022). Profit margin: 4.6% (up from 4.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
FIC Global, Inc. has completed a Follow-on Equity Offering in the amount of TWD 500 million. FIC Global, Inc. has completed a Follow-on Equity Offering in the amount of TWD 500 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: TWD 50
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: TWD 50
Transaction Features: Reserved Share Offering; Rights Offering New Risk • Jul 08
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 8.0% 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 (8.0% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$74.20, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 473% over the past three years. New Risk • Jun 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Announcement • Jun 11
FIC Global, Inc. Announces board changes FIC Global, Inc. announced the second Sustainable Development Committee. Name of the previous position holder: Ming-Jeh Chien, Chien Leo Ming Tz, Chien-Huei Dee, An-Ti Lo. Resume of the previous position holder: Ming-Jeh Chien- Chairman of the Company; Chien Leo Ming Tz- President of the Company; Chien-Huei Dee- GM of Department, An-Ti Lo- Vice President of the Company. Name of the new position holder: Chien Leo Ming Tz, WANG,CHENG-WEI, Chien-Huei Dee, An-Ti Lo. Resume of the new position holder: Chien Leo Ming Tz- President of the Company, WANG,CHENG-WEI- Independent Director of the Company, Chien-Huei Dee- GM of Department, An-Ti Lo- Vice President of the Company. effective June 9, 2023. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$70.70, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 422% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$61.40, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 362% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$49.50, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 265% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$46.50, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 237% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 15% share price gain to NT$44.20, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 213% over the past three years. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: NT$0.65 (vs NT$0.58 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.65 (up from NT$0.58 in 3Q 2021). Revenue: NT$2.87b (up 5.0% from 3Q 2021). Net income: NT$139.5m (up 26% from 3Q 2021). Profit margin: 4.9% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 05
FIC Global, Inc. Announces Board Changes The board of directors of FIC Global, Inc. resolved to establish the sustainable development committee. Name of the new position holder: Ming-Jeh Chien; Chien Leo Ming Tz; Chien-Huei Dee; An-Ti Lo, Resume of the new position holder: Ming-Jeh Chien- Chairman of the Company; Chien Leo Ming Tz- President of the Company; Chien-Huei Dee- GM of Department; An-Ti Lo- Vice President of the Company. Effective date of the new member is October 20, 2022. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$31.80, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$37.35, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 167% over the past three years. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: NT$0.65 (vs NT$0.43 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.65 (up from NT$0.43 in 2Q 2021). Revenue: NT$3.11b (up 38% from 2Q 2021). Net income: NT$137.9m (up 70% from 2Q 2021). Profit margin: 4.4% (up from 3.6% 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 66% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 17% share price gain to NT$48.95, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 244% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to NT$40.80, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 185% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 15% share price gain to NT$54.20, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 278% over the past three years. Reported Earnings • May 18
First quarter 2022 earnings released: EPS: NT$0.44 (vs NT$0.18 in 1Q 2021) First quarter 2022 results: EPS: NT$0.44 (up from NT$0.18 in 1Q 2021). Revenue: NT$2.84b (up 30% from 1Q 2021). Net income: NT$93.8m (up 168% from 1Q 2021). Profit margin: 3.3% (up from 1.6% in 1Q 2021). The increase in margin was driven by higher revenue. 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 53% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$47.85, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 236% over the past three years. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$1.32 (vs NT$0.21 loss in FY 2020) Full year 2021 results: EPS: NT$1.32 (up from NT$0.21 loss in FY 2020). Revenue: NT$10.0b (up 36% from FY 2020). Net income: NT$252.0m (up NT$291.5m from FY 2020). Profit margin: 2.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 71% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 16% share price gain to NT$67.60, the stock trades at a trailing P/E ratio of 63.9x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 441% over the past three years. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$76.00, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 503% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 26% share price gain to NT$74.30, the stock trades at a trailing P/E ratio of 70.2x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 502% over the past three years. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improved over the past week After last week's 20% share price gain to NT$31.25, the stock trades at a trailing P/E ratio of 65.7x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 19% share price gain to NT$21.15, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 52% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.43 (vs NT$0.20 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.26b (up 37% from 2Q 2020). Net income: NT$81.1m (up 113% from 2Q 2020). Profit margin: 3.6% (up from 2.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$17.95, the stock trades at a trailing P/E ratio of 71.9x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 20% share price gain to NT$17.00, the stock trades at a trailing P/E ratio of 68.1x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years. Reported Earnings • May 18
First quarter 2021 earnings released: EPS NT$0.18 (vs NT$0.27 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.18b (up 60% from 1Q 2020). Net income: NT$35.0m (up NT$87.1m from 1Q 2020). Profit margin: 1.6% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: NT$0.21 loss per share (vs NT$0.22 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$7.40b (up 4.1% from FY 2019). Net loss: NT$39.5m (down 193% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% 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. Announcement • Mar 20
FIC Global, Inc., Annual General Meeting, Jun 10, 2021 FIC Global, Inc., Annual General Meeting, Jun 10, 2021. Is New 90 Day High Low • Dec 25
New 90-day high: NT$13.65 The company is up 3.0% from its price of NT$13.20 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 19% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: NT$12.40 The company is down 6.0% from its price of NT$13.15 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 2.0% over the same period.