Buy Or Sell Opportunity • Jun 30
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to NT$103. The fair value is estimated to be NT$84.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$123, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 36x in the Electronic industry in Taiwan. Total returns to shareholders of 60% over the past three years. Buy Or Sell Opportunity • May 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to NT$103. The fair value is estimated to be NT$85.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Reported Earnings • May 13
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.99 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.99 in 1Q 2025). Revenue: NT$3.14b (down 7.2% from 1Q 2025). Net income: NT$247.8m (up 48% from 1Q 2025). Profit margin: 7.9% (up from 5.0% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$99.80, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 27x in the Electronic industry in Taiwan. Total returns to shareholders of 62% over the past three years. Buy Or Sell Opportunity • Apr 28
Now 23% undervalued Over the last 90 days, the stock has risen 15% to NT$99.90. The fair value is estimated to be NT$130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.1%. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$119, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 27x in the Electronic industry in Taiwan. Total returns to shareholders of 90% over the past three years. New Risk • Apr 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 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$82.30, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 34% over the past three years. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$4.40 (vs NT$3.36 in FY 2024) Full year 2025 results: EPS: NT$4.40 (up from NT$3.36 in FY 2024). Revenue: NT$12.1b (down 7.7% from FY 2024). Net income: NT$741.3m (up 31% from FY 2024). Profit margin: 6.1% (up from 4.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Mar 16
Eson Precision Ind. Co., Ltd., Annual General Meeting, Jun 11, 2026 Eson Precision Ind. Co., Ltd., Annual General Meeting, Jun 11, 2026. Location: 8 floor no,2, sec.4 chung yang rd., tucheng district, new taipei city Taiwan Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$72.10, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$1.21 (vs NT$0.96 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.21 (up from NT$0.96 in 3Q 2024). Revenue: NT$2.77b (down 18% from 3Q 2024). Net income: NT$204.0m (up 26% from 3Q 2024). Profit margin: 7.4% (up from 4.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Nov 12
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to NT$81.90. The fair value is estimated to be NT$65.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.4%. New Risk • Oct 29
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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Oct 22
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to NT$81.30. The fair value is estimated to be NT$65.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.4%. Board Change • Oct 15
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. 4 non-independent directors. Independent Director Woan-Shiuan Jang was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: NT$1.16 (vs NT$0.81 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.16 (up from NT$0.81 in 2Q 2024). Revenue: NT$3.03b (down 4.2% from 2Q 2024). Net income: NT$196.0m (up 44% from 2Q 2024). Profit margin: 6.5% (up from 4.3% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 26
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 02 September 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.5%). Declared Dividend • Aug 02
Dividend reduced to NT$1.50 Dividend of NT$1.50 is 6.3% lower than last year. Ex-date: 2nd September 2025 Payment date: 26th September 2025 Dividend yield will be 2.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 21
Eson Precision Ind. Co., Ltd. Approves Cash Dividend for Year 2024 Eson Precision Ind. Co., Ltd. at the AGM held on June 20, 2025, approved cash dividend for year 2024 of TWD 1.5 per share, the Company plans to distribute dividends of TWD 252,793,373 to shareholders. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$1.00 (vs NT$0.60 in 1Q 2024) First quarter 2025 results: EPS: NT$1.00 (up from NT$0.60 in 1Q 2024). Revenue: NT$3.38b (up 18% from 1Q 2024). Net income: NT$167.8m (up 66% from 1Q 2024). Profit margin: 5.0% (up from 3.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • May 03
Eson Precision Ind. Co., Ltd. to Report Q1, 2025 Results on May 12, 2025 Eson Precision Ind. Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$41.85, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 23% over the past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$3.36 (vs NT$3.55 in FY 2023) Full year 2024 results: EPS: NT$3.36 (down from NT$3.55 in FY 2023). Revenue: NT$13.1b (up 13% from FY 2023). Net income: NT$566.4m (down 5.2% from FY 2023). Profit margin: 4.3% (down from 5.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Announcement • Mar 13
Eson Precision Ind. Co., Ltd., Annual General Meeting, Jun 20, 2025 Eson Precision Ind. Co., Ltd., Annual General Meeting, Jun 20, 2025. Location: 8 floor no,2, sec.4 chung yang rd., tucheng district, new taipei city Taiwan New Risk • Jan 29
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 7.8% 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 (7.8% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.0% net profit margin). Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$71.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 12% over the past three years. Board Change • Nov 20
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. 4 non-independent directors. Independent Director Woan-Shiuan Jang was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Reported Earnings • Nov 13
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: NT$0.96 (up from NT$0.83 in 3Q 2023). Revenue: NT$3.39b (up 24% from 3Q 2023). Net income: NT$162.4m (up 15% from 3Q 2023). Profit margin: 4.8% (down from 5.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 21% 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 2% per year whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$62.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$27.54 per share. Reported Earnings • Aug 29
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: NT$0.81 (down from NT$1.25 in 2Q 2023). Revenue: NT$3.17b (flat on 2Q 2023). Net income: NT$136.3m (down 35% from 2Q 2023). Profit margin: 4.3% (down from 6.7% in 2Q 2023). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 21% 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 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 26
Upcoming dividend of NT$1.60 per share Eligible shareholders must have bought the stock before 02 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.4%). In line with average of industry peers (2.8%). Announcement • Aug 20
Eson Precision Ind. Co., Ltd. to Report Q2, 2024 Results on Aug 27, 2024 Eson Precision Ind. Co., Ltd. announced that they will report Q2, 2024 results on Aug 27, 2024 Declared Dividend • Jul 18
Dividend of NT$1.60 announced Dividend of NT$1.60 is the same as last year. Ex-date: 2nd September 2024 Payment date: 27th September 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$71.50, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$36.82 per share. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$0.60 (vs NT$0.96 in 1Q 2023) First quarter 2024 results: EPS: NT$0.60 (down from NT$0.96 in 1Q 2023). Revenue: NT$2.88b (down 3.9% from 1Q 2023). Net income: NT$101.2m (down 38% from 1Q 2023). Profit margin: 3.5% (down from 5.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 03
Eson Precision Ind. Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 Eson Precision Ind. Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Board Change • May 02
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. 4 non-independent directors. Independent Director Chien-Ming Lee 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 30
Eson Precision Ind. Co., Ltd., Annual General Meeting, Jun 19, 2024 Eson Precision Ind. Co., Ltd., Annual General Meeting, Jun 19, 2024. Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: NT$3.55 (vs NT$4.75 in FY 2022) Full year 2023 results: EPS: NT$3.55 (down from NT$4.75 in FY 2022). Revenue: NT$11.6b (down 18% from FY 2022). Net income: NT$597.5m (down 25% from FY 2022). Profit margin: 5.2% (down from 5.7% in FY 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 fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$0.84 (vs NT$1.65 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.84 (down from NT$1.65 in 3Q 2022). Revenue: NT$2.73b (down 34% from 3Q 2022). Net income: NT$140.8m (down 49% from 3Q 2022). Profit margin: 5.1% (down from 6.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% 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 • Aug 30
Second quarter 2023 earnings released: EPS: NT$1.25 (vs NT$0.92 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.25 (up from NT$0.92 in 2Q 2022). Revenue: NT$3.14b (flat on 2Q 2022). Net income: NT$210.3m (up 36% from 2Q 2022). Profit margin: 6.7% (up from 4.9% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. Upcoming Dividend • Aug 22
Upcoming dividend of NT$1.60 per share at 2.4% yield Eligible shareholders must have bought the stock before 29 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.2%). Announcement • Jul 29
Eson Precision Ind. Co., Ltd. Declares Cash Dividend for the Year 2022, Payable on September 28, 2023 Eson Precision Ind. Co., Ltd. declared a cash dividend of TWD 1.6 per share or TWD 269,646,264 cash dividend in total for the year 2022. The ex-rights (ex-dividend) record date is September 4, 2023. The cash dividend payment date is September 28, 2023. Announcement • Jun 21
Eson Precision Ind. Co., Ltd. Approves Distribution of Dividend for the Year 2022 Eson Precision Ind. Co., Ltd. announced that at its Annual General Shareholders' Meeting held on June 20, 2023, approved the Company's net profit after taxes for 2022 was TWD 800,915,427 by deducting the set aside legal reserve of TWD 80,091,543, the available earnings at end of the period is equal to TWD 720,823,884, each common shareholder will be entitled to receive a cash dividend of TWD 1.6 per share, the Company plans to distribute dividends of TWD 269,646,264 to shareholders. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$77.80, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 182% over the past three years. Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: NT$4.75 (vs NT$2.75 in FY 2021) Full year 2022 results: EPS: NT$4.75 (up from NT$2.75 in FY 2021). Revenue: NT$14.0b (up 17% from FY 2021). Net income: NT$800.9m (up 73% from FY 2021). Profit margin: 5.7% (up from 3.9% in FY 2021). 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 38% per year, which means it is tracking significantly ahead of earnings growth. 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. 4 non-independent directors. Independent Director Chien-Ming Lee 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$1.65 (vs NT$0.70 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.65 (up from NT$0.70 in 3Q 2021). Revenue: NT$4.13b (up 25% from 3Q 2021). Net income: NT$277.6m (up 137% from 3Q 2021). Profit margin: 6.7% (up from 3.6% 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 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 01
Second quarter 2022 earnings released: EPS: NT$0.92 (vs NT$0.65 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.92 (up from NT$0.65 in 2Q 2021). Revenue: NT$3.17b (up 15% from 2Q 2021). Net income: NT$154.4m (up 41% from 2Q 2021). Profit margin: 4.9% (up from 4.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 19
Upcoming dividend of NT$1.40 per share Eligible shareholders must have bought the stock before 26 August 2022. Payment date: 28 September 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (4.4%). Announcement • Jul 23
Eson Precision Ind. Co., Ltd. Declares Cash Dividend for the Year 2021, Payable on September 28, 2022 Eson Precision Ind. Co., Ltd. declared a cash dividend of TWD 1.4 per share or TWD 235,940,481 cash dividend in total for the year 2021. The ex-rights (ex-dividend) record date is September 3, 2022. The cash dividend payment date is September 28, 2022. Announcement • Jun 25
Eson Precision Ind. Co., Ltd. Approves Cash Dividend for the Year 2021 Eson Precision Ind. Co., Ltd. at its annual general shareholders meeting held on June 24, 2022, approved a cash dividend of TWD 1.4 per share for the year 2021, The Company plans to distribute dividends of TWD 235,940,481 to shareholders. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.90 (vs NT$0.81 in 1Q 2021) First quarter 2022 results: EPS: NT$0.90 (up from NT$0.81 in 1Q 2021). Revenue: NT$2.92b (up 9.3% from 1Q 2021). Net income: NT$152.1m (up 12% from 1Q 2021). Profit margin: 5.2% (up from 5.1% 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 1% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of 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. 4 non-independent directors. Independent Director Chien-Ming Lee 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 • Mar 31
Full year 2021 earnings released: EPS: NT$2.75 (vs NT$2.74 in FY 2020) Full year 2021 results: EPS: NT$2.75 (up from NT$2.74 in FY 2020). Revenue: NT$12.0b (up 22% from FY 2020). Net income: NT$463.8m (flat on FY 2020). Profit margin: 3.9% (down from 4.7% in FY 2020). The decrease in margin was driven by higher expenses. 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 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.90 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$3.30b (up 13% from 3Q 2020). Net income: NT$117.2m (down 23% from 3Q 2020). Profit margin: 3.6% (down from 5.2% 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 8% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS NT$0.65 (vs NT$0.46 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.77b (up 37% from 2Q 2020). Net income: NT$109.6m (up 41% from 2Q 2020). Profit margin: 4.0% (up from 3.8% 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 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Aug 27
Acting President & GM Chao-Hua Chen has left the company On the 26th of August, Chao-Hua Chen's tenure as Acting President & GM of the company ended after less than a year in the role. We don't have any record of a personal shareholding under Chao-Hua's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Chao-Hua's leadership, the company delivered a total shareholder return of -28%. Upcoming Dividend • Aug 18
Upcoming dividend of NT$1.70 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 27 September 2021. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.3%). Executive Departure • Jul 14
Independent Director Tung-Lai Hu has left the company On the 7th of July, Tung-Lai Hu's tenure as Independent Director ended after 6.0 years in the role. We don't have any record of a personal shareholding under Tung-Lai's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 14
Director Yung-Fu Cheng has left the company On the 7th of July, Yung-Fu Cheng's tenure as Director ended after 8.7 years in the role. We don't have any record of a personal shareholding under Yung-Fu's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 18% share price gain to NT$71.10, the stock trades at a trailing P/E ratio of 24.6x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 135% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$54.70, the stock trades at a trailing P/E ratio of 19x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 93% over the past three years. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$0.81 (vs NT$0.66 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$2.68b (up 45% from 1Q 2020). Net income: NT$136.5m (up 23% from 1Q 2020). Profit margin: 5.1% (down from 6.0% in 1Q 2020). The decrease in margin was driven by higher expenses. 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 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS NT$2.74 (vs NT$2.96 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$9.89b (down 2.1% from FY 2019). Net income: NT$461.0m (down 7.7% from FY 2019). Profit margin: 4.7% (down from 4.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 07
New 90-day high: NT$70.00 The company is up 97% from its price of NT$35.50 on 08 October 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 15% share price gain to NT$69.60, the stock is trading at a trailing P/E ratio of 26.7x, up from the previous P/E ratio of 23.2x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 75%. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 17% share price gain to NT$63.30, the stock is trading at a trailing P/E ratio of 24.3x, up from the previous P/E ratio of 20.7x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 60%. Is New 90 Day High Low • Dec 22
New 90-day high: NT$49.25 The company is up 42% from its price of NT$34.65 on 23 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 16% share price gain to NT$49.25, the stock is trading at a trailing P/E ratio of 18.9x, up from the previous P/E ratio of 16.3x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 27%. Is New 90 Day High Low • Dec 07
New 90-day high: NT$45.40 The company is up 30% from its price of NT$35.05 on 08 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.90 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$2.92b (up 13% from 3Q 2019). Net income: NT$152.1m (up 5.1% from 3Q 2019). Profit margin: 5.2% (down from 5.6% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 11
New 90-day high: NT$37.00 The company is up 6.0% from its price of NT$34.95 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period.