Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$68.10, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 37x in the Electronic industry in Taiwan. Total returns to shareholders of 49% over the past three years. Declared Dividend • Jun 26
Dividend of NT$2.52 announced Shareholders will receive a dividend of NT$2.52. Ex-date: 9th July 2026 Payment date: 30th July 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 51% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.9% EPS decline seen over the last 5 years. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.52 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (down from NT$1.52 in 1Q 2025). Revenue: NT$15.7b (up 49% from 1Q 2025). Net income: NT$597.0m (down 19% from 1Q 2025). Profit margin: 3.8% (down from 7.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$6.05 (vs NT$5.91 in FY 2024) Full year 2025 results: EPS: NT$6.05. Revenue: NT$57.2b (up 38% from FY 2024). Net income: NT$2.92b (down 2.9% from FY 2024). Profit margin: 5.1% (down from 7.2% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Feb 25
HannStar Board Corporation, Annual General Meeting, Jun 18, 2026 HannStar Board Corporation, Annual General Meeting, Jun 18, 2026. Location: b1 floor no,9, kung yeh 4th rd., guanyin district, taoyuan city Taiwan Buy Or Sell Opportunity • Feb 25
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to NT$94.20. The fair value is estimated to be NT$125, 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 5.1%. Buy Or Sell Opportunity • Jan 30
Now 20% undervalued Over the last 90 days, the stock has risen 3.9% to NT$98.20. The fair value is estimated to be NT$123, 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 5.1%. Buy Or Sell Opportunity • Jan 13
Now 21% undervalued Over the last 90 days, the stock has risen 5.6% to NT$96.10. The fair value is estimated to be NT$121, 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 5.1%. Buy Or Sell Opportunity • Dec 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.1% to NT$95.80. The fair value is estimated to be NT$121, 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 5.1%. Buy Or Sell Opportunity • Dec 02
Now 20% undervalued Over the last 90 days, the stock has risen 19% to NT$101. The fair value is estimated to be NT$126, 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 5.1%. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$108, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 222% over the past three years. Buy Or Sell Opportunity • Nov 04
Now 23% undervalued Over the last 90 days, the stock has risen 33% to NT$94.50. The fair value is estimated to be NT$122, 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 4.9%. Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: NT$2.26 (vs NT$1.70 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.26 (up from NT$1.70 in 3Q 2024). Revenue: NT$15.7b (up 33% from 3Q 2024). Net income: NT$1.09b (up 39% from 3Q 2024). Profit margin: 6.9% (up from 6.6% in 3Q 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 but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$97.50, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 235% over the past three years. New Risk • Sep 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 6.4% 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 Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$89.80, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 195% over the past three years. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: NT$1.15 (vs NT$1.91 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.15 (down from NT$1.91 in 2Q 2024). Revenue: NT$15.6b (up 50% from 2Q 2024). Net income: NT$555.4m (down 40% from 2Q 2024). Profit margin: 3.6% (down from 8.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to NT$67.90. The fair value is estimated to be NT$56.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 10%. Board Change • Jul 31
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 Yi-Hsin Lee was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jul 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to NT$67.80. The fair value is estimated to be NT$55.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 10%. Declared Dividend • Jun 25
Dividend of NT$2.52 announced Shareholders will receive a dividend of NT$2.52. Ex-date: 9th July 2025 Payment date: 25th July 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: NT$1.52 (vs NT$1.08 in 1Q 2024) First quarter 2025 results: EPS: NT$1.52 (up from NT$1.08 in 1Q 2024). Revenue: NT$10.6b (up 14% from 1Q 2024). Net income: NT$735.9m (up 40% from 1Q 2024). Profit margin: 7.0% (up from 5.7% 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 10% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Apr 25
HannStar Board Corporation to Report Q1, 2025 Results on May 02, 2025 HannStar Board Corporation announced that they will report Q1, 2025 results on May 02, 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$43.05, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 19% over the past three years. Announcement • Mar 28
HannStar Board Corporation, Annual General Meeting, Jun 18, 2025 HannStar Board Corporation, Annual General Meeting, Jun 18, 2025. Location: b1 floor no,9, kung yeh 4th rd., guanyin district, taoyuan city Taiwan Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: NT$5.91 (vs NT$5.51 in FY 2023) Full year 2024 results: EPS: NT$5.91 (up from NT$5.51 in FY 2023). Revenue: NT$41.6b (down 3.1% from FY 2023). Net income: NT$3.01b (up 12% from FY 2023). Profit margin: 7.2% (up from 6.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Feb 12
HannStar Board Corporation to Report Fiscal Year 2024 Results on Feb 19, 2025 HannStar Board Corporation announced that they will report fiscal year 2024 results at 9:00 AM, Taipei Standard Time on Feb 19, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$1.56 (vs NT$2.12 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.56 (down from NT$2.12 in 3Q 2023). Revenue: NT$11.8b (flat on 3Q 2023). Net income: NT$783.2m (down 24% from 3Q 2023). Profit margin: 6.6% (down from 8.8% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 1.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.4% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Oct 22
HannStar Board Corporation to Report Q3, 2024 Results on Oct 29, 2024 HannStar Board Corporation announced that they will report Q3, 2024 results on Oct 29, 2024 Upcoming Dividend • Oct 02
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 09 October 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.3%). In line with average of industry peers (2.8%). Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: NT$1.76 (vs NT$1.51 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.76 (up from NT$1.51 in 2Q 2023). Revenue: NT$10.4b (down 3.6% from 2Q 2023). Net income: NT$925.5m (up 16% from 2Q 2023). Profit margin: 8.9% (up from 7.4% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jul 24
HannStar Board Corporation to Report Q2, 2024 Results on Jul 31, 2024 HannStar Board Corporation announced that they will report Q2, 2024 results on Jul 31, 2024 Declared Dividend • Jun 24
Dividend reduced to NT$1.61 Dividend of NT$1.61 is 33% lower than last year. Ex-date: 9th July 2024 Payment date: 31st July 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. 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 24
HannStar Board Corporation Announces Cash Dividend, Payable on July 31, 2024 HannStar Board Corporation announced cash dividend to common shareholders is TWD 845,506,163, distribution ratio is TWD 1.60913517 per share. Ex-rights (ex-dividend) trading date is July 09, 2024; Ex-rights (ex-dividend) record date is July 15, 2024; Payment date of common stock cash dividend distribution is July 31, 2024. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$0.99 (vs NT$1.14 in 1Q 2023) First quarter 2024 results: EPS: NT$0.99 (down from NT$1.14 in 1Q 2023). Revenue: NT$9.25b (down 11% from 1Q 2023). Net income: NT$525.8m (down 13% from 1Q 2023). Profit margin: 5.7% (down from 5.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$64.90, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 53% over the past three years. Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: NT$5.07 (vs NT$6.07 in FY 2022) Full year 2023 results: EPS: NT$5.07 (down from NT$6.07 in FY 2022). Revenue: NT$43.0b (down 9.9% from FY 2022). Net income: NT$2.68b (down 17% from FY 2022). Profit margin: 6.2% (down from 6.7% in FY 2022). The decrease in margin was driven by lower revenue. 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 8% per year, which means it is well ahead of earnings. Announcement • Feb 23
HannStar Board Corporation, Annual General Meeting, Jun 18, 2024 HannStar Board Corporation, Annual General Meeting, Jun 18, 2024. Location: B1F, No. 9, Gongye 4th Rd., Guanyin Dist., Taoyuan City Taiwan Agenda: To consider 2023 Business Report; audit Committee's Review Report; Report on the 2023 Remuneration of Employees and Directors; Other Matters to be reported; and to discuss other matters. Announcement • Dec 31
Hannstar Board Corporation Announces Retirement of Shu, Yao-Hsien as President of Real Estate Management Division HannStar Board Corporation announced retirement of Shu, Yao-Hsien as president of Real Estate Management Division. New Risk • Oct 10
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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (5.9% average weekly change). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$1.51 (vs NT$1.34 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.51 (up from NT$1.34 in 2Q 2022). Revenue: NT$10.8b (down 6.9% from 2Q 2022). Net income: NT$798.5m (up 13% from 2Q 2022). Profit margin: 7.4% (up from 6.1% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Jul 12
Upcoming dividend of NT$2.40 per share at 4.6% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.2%). Announcement • Jul 01
Hannstar Board Corporation Announces Cash Dividend, payable on August 18, 2023 HannStar Board Corporation announced a cash dividend of TWD 1,268,259,245 or TWD 2.4 per share. Ex-rights (ex-dividend) trading date is July 19, 2023. Ex-rights (ex-dividend) record date is July 25, 2023.The payment date of cash dividend distribution is August 18, 2023. Announcement • Jun 13
HannStar Board Corporation Announces the Retirement of Lai, Wei-Chen as General Manager of Operations HannStar Board Corporation announced the retirement of Lai, Wei-Chen as General Manager of Operations. Effective date: June 12, 2023. Announcement • May 05
Hannstar Board Corporation Announces President Changes HannStar Board Corporation appointed Tao, Cheng-Kuo in the place of Chiang, Cheng-Wen as president. Effective date of the new appointment is May 3, 2023. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Director Chi-Chant Lu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$2.57 (vs NT$2.67 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.57 (down from NT$2.67 in 3Q 2021). Revenue: NT$12.8b (down 27% from 3Q 2021). Net income: NT$1.36b (down 3.8% from 3Q 2021). Profit margin: 11% (up from 8.1% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 19% share price gain to NT$33.05, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 12% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.34 (vs NT$1.39 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.34 (down from NT$1.39 in 2Q 2021). Revenue: NT$11.6b (down 13% from 2Q 2021). Net income: NT$709.9m (down 3.3% from 2Q 2021). Profit margin: 6.1% (up from 5.5% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Aug 04
HannStar Board Corporation Announces Change of Financial Officer, Accounting Officer,Spokesperson and Corporate Governance Officer Changes HannStar Board Corporation announced change of financial officer, accounting officer,spokesperson and corporate governance officer. Name, title, and resume of the previous position holder: Lee, Kun-Tang. Name, title, and resume of the new position holder: Chien, Pei-Chi Accounting director, Effective from August 03, 2022. Reason for the change: position adjustment. Upcoming Dividend • Aug 02
Upcoming dividend of NT$2.20 per share Eligible shareholders must have bought the stock before 09 August 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.6%). Reported Earnings • May 15
First quarter 2022 earnings released: EPS: NT$1.29 (vs NT$1.48 in 1Q 2021) First quarter 2022 results: EPS: NT$1.29 (down from NT$1.48 in 1Q 2021). Revenue: NT$12.2b (down 1.1% from 1Q 2021). Net income: NT$680.0m (down 13% from 1Q 2021). Profit margin: 5.6% (down from 6.3% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • May 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be NT$45.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 20%. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Director Chi-Chant Lu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$7.05 (vs NT$6.15 in FY 2020) Full year 2021 results: EPS: NT$7.05 (up from NT$6.15 in FY 2020). Revenue: NT$57.0b (up 25% from FY 2020). Net income: NT$3.72b (up 18% from FY 2020). Profit margin: 6.5% (down from 6.9% 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 20% per year whereas the company’s share price has increased by 17% per year. Announcement • Feb 22
HannStar Board Corp., Annual General Meeting, Jun 14, 2022 HannStar Board Corp., Annual General Meeting, Jun 14, 2022. Location: B1F, No. 9, Gongye 4th Rd., Guanyin Dist.(Employee Activity Center) Taoyuan City Taiwan Agenda: To consider 2021 Business Report; to consider audit Committee's review report; to consider report on 2021 employees' and directors' remuneration; and to consider Other Matters to be reported. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$2.67 (vs NT$2.35 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$17.4b (up 38% from 3Q 2020). Net income: NT$1.41b (up 14% from 3Q 2020). Profit margin: 8.1% (down from 9.8% 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 23% per year whereas the company’s share price has increased by 25% per year. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$1.39 (vs NT$1.68 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$13.4b (up 14% from 2Q 2020). Net income: NT$734.1m (down 14% from 2Q 2020). Profit margin: 5.5% (down from 7.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 05
Upcoming dividend of NT$2.20 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 06 September 2021. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.0%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$1.48 (vs NT$0.41 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$12.3b (up 43% from 1Q 2020). Net income: NT$778.7m (up 282% from 1Q 2020). Profit margin: 6.3% (up from 2.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$6.15 (vs NT$6.05 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$45.7b (up 5.9% from FY 2019). Net income: NT$3.16b (up 12% from FY 2019). Profit margin: 6.9% (up from 6.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 42% per year. Is New 90 Day High Low • Mar 04
New 90-day high: NT$46.60 The company is up 3.0% from its price of NT$45.20 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period. Announcement • Feb 26
HannStar Board Corp., Annual General Meeting, Jun 16, 2021 HannStar Board Corp., Annual General Meeting, Jun 16, 2021. Location: B1F, No. 9, Gongye 4th Rd., Guanyin Dist Taoyuan City Taiwan Agenda: To consider 2020 business report; to consider audit committees review report; to approve report on 2020 employees and directors remuneration; to approve the lifting of non-competition restrictions for directors of the Company; to consider discussion about the Amendments to the Company's Rules of Procedures for Election of Directors; and to consider other matters. Is New 90 Day High Low • Dec 01
New 90-day high: NT$45.60 The company is up 2.0% from its price of NT$44.60 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 Electronic industry, which is up 7.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$2.35 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$12.6b (up 6.6% from 3Q 2019). Net income: NT$1.24b (down 8.8% from 3Q 2019). Profit margin: 9.8% (down from 12% 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 42% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.