Sercomm Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

James Wang

Chief executive officer

NT$18.1m

Total compensation

CEO salary percentage	n/a
CEO tenure	23yrs
CEO ownership	0.9%
Management average tenure	2yrs
Board average tenure	10.4yrs

Recent management updates

Recent updates

Declining Stock and Decent Financials: Is The Market Wrong About Sercomm Corporation (TPE:5388)?

Feb 01

Should You Be Impressed By Sercomm's (TPE:5388) Returns on Capital?

Jan 14

We Wouldn't Rely On Sercomm's (TPE:5388) Statutory Earnings As A Guide

Dec 30

Share Price Aside, Sercomm (TPE:5388) Has Delivered Shareholders A 12% Return.

Dec 15

Is Sercomm (TPE:5388) Using Too Much Debt?

Dec 01

CEO Compensation Analysis

How has James Wang's remuneration changed compared to Sercomm's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	NT$3b
Dec 31 2023	n/a	n/a	NT$2b
Sep 30 2023	n/a	n/a	NT$2b
Jun 30 2023	n/a	n/a	NT$2b
Mar 31 2023	n/a	n/a	NT$2b
Dec 31 2022	NT$18m	n/a	NT$2b
Sep 30 2022	n/a	n/a	NT$2b
Jun 30 2022	n/a	n/a	NT$1b
Mar 31 2022	n/a	n/a	NT$1b
Dec 31 2021	n/a	n/a	NT$861m
Sep 30 2021	n/a	n/a	NT$789m
Jun 30 2021	n/a	n/a	NT$884m
Mar 31 2021	n/a	n/a	NT$960m
Dec 31 2020	n/a	n/a	NT$907m
Sep 30 2020	n/a	n/a	NT$958m
Jun 30 2020	n/a	n/a	NT$969m
Mar 31 2020	n/a	n/a	NT$908m
Dec 31 2019	NT$11m	NT$7m	NT$1b
Sep 30 2019	n/a	n/a	NT$981m
Jun 30 2019	n/a	n/a	NT$876m
Mar 31 2019	n/a	n/a	NT$833m
Dec 31 2018	NT$21m	NT$5m	NT$808m
Sep 30 2018	n/a	n/a	NT$883m
Jun 30 2018	n/a	n/a	NT$1b
Mar 31 2018	n/a	n/a	NT$1b
Dec 31 2017	NT$22m	NT$8m	NT$1b

Compensation vs Market: James's total compensation ($USD560.95K) is above average for companies of similar size in the TW market ($USD423.57K).

Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.

CEO

James Wang

23yrs

Tenure

NT$18,122,000

Compensation

Mr. Wei Wang, also known as James, is a Venture Partner at Pacific Venture Partners based in Taipei, Taiwan office. Mr. Wang, serves as its Chief Executive Officer and Chairman of Sercomm Corporation since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Wei Wang	CEO & Chairman	no data	NT$18.12m	0.87% NT$ 308.5m
Ben Lin	Co-Founder	31.8yrs	NT$7.27m	no data
Bo Yuan Wang	Co-Founder	no data	NT$7.27m	1.63% NT$ 577.1m
Alex Liou	CFO & Chief of Staff	1.5yrs	no data	0.10% NT$ 36.0m
Max Cheng	Accounting Officer	1.8yrs	no data	no data
Michael Lee	Senior Vice President	2.2yrs	no data	0.25% NT$ 88.2m
Wang Dean	Senior Vice President	no data	no data	no data
David Huang	Vice President	no data	no data	0.00068% NT$ 241.5k
Hui-Ru Lee	Vice President	no data	no data	0.017% NT$ 6.0m
Cheng-Zhe Xu	Deputy General Manager	no data	no data	0.020% NT$ 7.1m

2.0yrs

Average Tenure

Experienced Management: 5388's management team is not considered experienced ( 2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Wei Wang	CEO & Chairman	23yrs	NT$18.12m	0.87% NT$ 308.5m
Ben Lin	Co-Founder	19.9yrs	NT$7.27m	no data
Bo Yuan Wang	Co-Founder	31.8yrs	NT$7.27m	1.63% NT$ 577.1m
Chin-Tay Shih	Independent Director	10.9yrs	NT$2.68m	no data
Kai-Lien Tsou	Independent Director	6.9yrs	NT$2.69m	no data
Steve Chen	Independent Director	9.9yrs	NT$2.69m	no data
Wen-Jun Yang	Independent Director	less than a year	no data	no data
Charles Chu	Representative Director	1.3yrs	NT$7.27m	no data

10.4yrs

Average Tenure

Experienced Board: 5388's board of directors are seasoned and experienced ( 10.4 years average tenure).

Sercomm Management

Management criteria checks 2/4

Key information

Recent management updates

Sercomm Corporation, Annual General Meeting, May 31, 2024

Sercomm Corp. Announces Corporate Governance Officer Changes

Sercomm Corporation Appoints Paul Yang to the Audit Committee of the Company

Sercomm Corporation Announces Accounting Officer Changes

High number of new directors

Sercomm Corporation Announces Board Changes

Recent updates

Now 21% overvalued

First quarter 2024 earnings: EPS misses analyst expectations

Now 22% undervalued after recent price drop

Sercomm Corporation to Report Q1, 2024 Results on May 07, 2024

Now 20% undervalued

Now 22% undervalued

Upcoming dividend of NT$5.00 per share

Full year 2023 earnings: EPS exceeds analyst expectations

Sercomm Corporation, Annual General Meeting, May 31, 2024

We Think Sercomm (TWSE:5388) Can Stay On Top Of Its Debt

Price target increased by 7.1% to NT$156

Price target increased by 7.1% to NT$156

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Sercomm Corporation Announces Availability of Stiletto, its New Turnkey Set Top Box Solution for RDK

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Sercomm Corp. Announces Corporate Governance Officer Changes

Price target increased by 8.1% to NT$107

Investor sentiment improves as stock rises 18%

Sercomm Corporation Appoints Paul Yang to the Audit Committee of the Company

Upcoming dividend of NT$4.50 per share at 4.7% yield

Full year 2022 earnings: EPS misses analyst expectations

Price target decreased to NT$94.00

Price target decreased to NT$97.20

Third quarter 2022 earnings: EPS misses analyst expectations

Third quarter 2022 earnings: EPS misses analyst expectations

Price target decreased to NT$103

Consensus revenue estimates increase by 13%

Price target increased to NT$111

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Sercomm Corporation Announces Accounting Officer Changes

High number of new directors

Sercomm Corporation Announces Board Changes

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Upcoming dividend of NT$2.40 per share

Full year 2021 earnings: EPS exceeds analyst expectations

Consensus forecasts updated

Price target increased to NT$85.80

Price target increased to NT$81.00

Price target increased to NT$75.17

Third quarter 2021 earnings released: EPS NT$0.73 (vs NT$1.13 in 3Q 2020)

Consensus EPS estimates fall to NT$3.79

Price target decreased to NT$69.67

Second quarter 2021 earnings released: EPS NT$0.66 (vs NT$0.97 in 2Q 2020)

Upcoming dividend of NT$2.60 per share

Consensus forecasts updated

Consensus forecasts updated

First quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.35 in 1Q 2020)

Capital Allocation Trends At Sercomm (TPE:5388) Aren't Ideal

Price target decreased to NT$86.86

Full year 2020 earnings released: EPS NT$3.66 (vs NT$4.21 in FY 2019)

Here's Why Sercomm (TPE:5388) Can Manage Its Debt Responsibly

New 90-day low: NT$70.70

Know This Before Buying Sercomm Corporation (TPE:5388) For Its Dividend

Declining Stock and Decent Financials: Is The Market Wrong About Sercomm Corporation (TPE:5388)?

New 90-day low: NT$72.00

Should You Be Impressed By Sercomm's (TPE:5388) Returns on Capital?

We Wouldn't Rely On Sercomm's (TPE:5388) Statutory Earnings As A Guide

Share Price Aside, Sercomm (TPE:5388) Has Delivered Shareholders A 12% Return.

Is Sercomm (TPE:5388) Using Too Much Debt?

New 90-day high: NT$80.50

Sercomm Corporation Announces Appointment of Max Cheng as Corporate Governance Officer

Third quarter 2020 earnings released: EPS NT$1.13

Revenue and earnings miss expectations

Sercomm's 5G Enterprise Mmwave Small Cell Achieves FCC Part 30 Approval

New 90-day low - NT$74.40

First half earnings released

Sercomm Corporation to Report Q2, 2020 Results on Aug 12, 2020

Price target raised to NT$87.60