New Risk • May 25
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 9.4% 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 58% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change). Reported Earnings • May 19
First quarter 2026 earnings released: NT$0.06 loss per share (vs NT$0.26 loss in 1Q 2025) First quarter 2026 results: NT$0.06 loss per share (improved from NT$0.26 loss in 1Q 2025). Revenue: NT$3.02b (up 4.0% from 1Q 2025). Net loss: NT$182.8m (loss narrowed 75% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 12
Full year 2025 earnings released: NT$0.75 loss per share (vs NT$1.86 loss in FY 2024) Full year 2025 results: NT$0.75 loss per share (improved from NT$1.86 loss in FY 2024). Revenue: NT$11.4b (up 15% from FY 2024). Net loss: NT$2.14b (loss narrowed 60% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Mar 05
HannStar Display Corporation, Annual General Meeting, May 20, 2026 HannStar Display Corporation, Annual General Meeting, May 20, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,15 ln.168, hsing shan rd., neihu district, taipei city Taiwan New Risk • Feb 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 60% per year over the past 5 years. New Risk • Jan 08
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: Major Risk Earnings have declined by 60% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.51 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.11 (up from NT$0.51 loss in 3Q 2024). Revenue: NT$2.76b (up 16% from 3Q 2024). Net income: NT$328.1m (up NT$1.80b from 3Q 2024). Profit margin: 12% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
Second quarter 2025 earnings released: NT$0.31 loss per share (vs NT$0.35 loss in 2Q 2024) Second quarter 2025 results: NT$0.31 loss per share (improved from NT$0.35 loss in 2Q 2024). Revenue: NT$3.00b (up 38% from 2Q 2024). Net loss: NT$904.8m (loss narrowed 10% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Mar 03
HannStar Display Corporation, Annual General Meeting, May 29, 2025 HannStar Display Corporation, Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,15 ln.168, hsing shan rd., neihu district, taipei city Taiwan Announcement • Feb 19
HannStar Display Corporation to Report Fiscal Year 2024 Results on Feb 27, 2025 HannStar Display Corporation announced that they will report fiscal year 2024 results on Feb 27, 2025 Reported Earnings • Nov 10
Third quarter 2024 earnings released: NT$0.51 loss per share (vs NT$0.38 loss in 3Q 2023) Third quarter 2024 results: NT$0.51 loss per share (further deteriorated from NT$0.38 loss in 3Q 2023). Revenue: NT$2.39b (down 27% from 3Q 2023). Net loss: NT$1.47b (loss widened 36% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Nov 10
HannStar Display Corporation Appoints Justin Chien as Financial Officer and Accounting Officer HannStar Display Corporation announced the official appointment as Financial officer and Accounting officer. Name, title, and resume of the previous position holder: Financial officer (temporary acting): Justin Chien/Senior Director/Senior Director of the Finance Division of Hannstar Display Corp. Accounting officer (temporary acting): Li-Hsing Kuo/Manager/Manager of the Accounting Division of Hannstar Display Corp. Name, title, and resume of the new position holder: Financial officer: Justin Chien/Senior Director/Senior Director of the Finance Division of Hannstar Display Corp. Accounting office: Li-Hsing Kuo/Manager/Manager of the Accounting Division of Hannstar Display Corp. Type of the change: Position adjustment. Reason for the change: Officially appointed by the Audit Committee and the Board of Directors on November 8, 2024. Effective date is November 8, 2024. Announcement • Nov 01
HannStar Display Corporation to Report Q3, 2024 Results on Nov 08, 2024 HannStar Display Corporation announced that they will report Q3, 2024 results on Nov 08, 2024 Announcement • Sep 21
Hannstar Display Corporation Announces Executive Changes HannStar Display Corporation announced of Changes in Financial officer and Accounting officer. Type of personnel changed: Financial Officer, Accounting Officer . Date of occurrence of the change: September 20, 2024 . Name, title, and resume of the previous position holder: (1)Financial Officer:Chung-Han Lin/Vice president/Financial&Accounting officer of Hannstar Display Corp. (2)Accounting officer: Chung-Han Lin/Vice president/Financial&Accounting officer of Hannstar Display Corp. . Name, title, and resume of the new position holder: (1)Financial officer(temporary acting):Justin Chien/Senior Director/Senior Director of the Finance Division of Hannstar Display Corp. (2)Accounting officer(temporary acting):Li-Hsing Kuo/Manager/Manager of the Accounting Division of Hannstar Display Corp. Type of the change: resignation . Reason for the change: Personal career plan. . Effective date: September 20, 2024 . Any other matters that need to be specified: The Financial Officer and Accounting Officer are acting temporarily, and the new appointees will be announced after formal appointment by the board of directors. Reported Earnings • Aug 01
Second quarter 2024 earnings released: NT$0.35 loss per share (vs NT$0.26 loss in 2Q 2023) Second quarter 2024 results: NT$0.35 loss per share (further deteriorated from NT$0.26 loss in 2Q 2023). Revenue: NT$2.18b (down 36% from 2Q 2023). Net loss: NT$1.01b (loss widened 38% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Jul 23
HannStar Display Corporation to Report Q2, 2024 Results on Jul 31, 2024 HannStar Display Corporation announced that they will report Q2, 2024 results on Jul 31, 2024 Announcement • Jun 14
HannStar Display Corporation Announces Changes to Remuneration Committee HannStar Display Corporation announced changes to Remuneration Committee. Name of the previous position holder: Hui-Jong Jiang, Hsin-Che Chao, Lu-Yun Sun. Resume of the previous position holder: Hsin-Che Chao/Independent Director of TSRC, Lu-Yun Sun/Director of House of Dreams. Name of the new position holder: Hui-Jong Jiang, Linda Li-Ju Chen, Shang-Fan Lee. Resume of the new position holder: Hui-Jong Jiang/Independent Director of HannStar Display Corporation, Linda Li-Ju Chen/Independent Director of HannStar Display Corporation, Shang-Fan Lee/Independent Director of HannStar Display Corporation. Reason for the change: The Company had announced on May 24, 2024 that the previous committee members' terms expired. This is a supplementary announcement regarding the newly appointed members. Effective date of the new member: June 12, 2024. Original term is from August 6, 2021 to July 28, 2024. Board Change • Jun 01
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Hui-Jong Jiang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 28
HannStar Display Corporation, Annual General Meeting, May 24, 2024 HannStar Display Corporation, Annual General Meeting, May 24, 2024. Location: 1F, No.15, Ln 168, Xing Shan Rd., Neihu Dist Taipei Taiwan Agenda: To consider 2023 Business Report; to The Auditing Committee's review of the 2023 Final Account Books Report; to Report on investments in Mainland China; to 2023 Remuneration of Employees and Directors; to Report on 2023 related-party transactions; and to consider other matters. Announcement • Nov 01
Hannstar Display Corporation Announces the Change of Chief Information Security Officer HannStar Display Corporation announced the change of chief information security officer. Name, title, and resume of the previous position holder: Zeng Yong-Zong/Associate Manager of the Company's Enterprise Digital Platform Integration Service Center. Name, title, and resume of the new position holder: Chen, Sheng-Zhong /Vice President of the Logistic & Digital Operation Center. Effective date: October 31, 2023. Reported Earnings • Aug 06
Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations Second quarter 2023 results: NT$0.26 loss per share (down from NT$0.007 profit in 2Q 2022). Revenue: NT$3.42b (down 24% from 2Q 2022). Net loss: NT$730.1m (down NT$749.4m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. New Risk • Jun 10
New major risk - Revenue and earnings growth Earnings have declined by 3.9% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 3.9% per year over the past 5 years. Announcement • May 26
HannStar Display Corporation Announces Appointment of Mr. Fei-Pei, Lai as Independent Director and Audit Committee Member HannStar Display Corporation announced appointment of Mr. Fei-Pei, Lai as independent director and Audit committee member. Resume of the new position holder: Independent Director. Resume of the new position holder: Dean of Graduate Institute of Biomedical Electronics and Bioinformatics, National Taiwan University. Effective date of the new member is May 25, 2023. Reported Earnings • Mar 02
Full year 2022 earnings released: NT$0.86 loss per share (vs NT$2.75 profit in FY 2021) Full year 2022 results: NT$0.86 loss per share (down from NT$2.75 profit in FY 2021). Revenue: NT$17.1b (down 38% from FY 2021). Net loss: NT$2.52b (down 130% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 21% 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 Xin-Zhe Zhao was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Third quarter 2022 earnings released: NT$0.13 loss per share (vs NT$0.45 profit in 3Q 2021) Third quarter 2022 results: NT$0.13 loss per share (down from NT$0.45 profit in 3Q 2021). Revenue: NT$3.83b (down 37% from 3Q 2021). Net loss: NT$371.3m (down 127% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 13
Now 23% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be NT$14.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 15% share price gain to NT$12.10, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 113% over the past three years. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.91 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.01 (down from NT$0.91 in 2Q 2021). Revenue: NT$4.49b (down 44% from 2Q 2021). Net income: NT$19.3m (down 99% from 2Q 2021). Profit margin: 0.4% (down from 34% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$11.30, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 97% over the past three years. Buying Opportunity • Jun 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be NT$16.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 94%. Upcoming Dividend • Jun 09
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 13 July 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.2%). Reported Earnings • May 08
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: NT$0.15 loss per share (down from NT$1.00 profit in 1Q 2021). Revenue: NT$4.96b (down 37% from 1Q 2021). Net loss: NT$428.8m (down 114% from profit in 1Q 2021). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Buying Opportunity • May 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be NT$16.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 94%. 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 Hsin-Cheh Chao was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: NT$2.75 (up from NT$1.25 in FY 2020). Revenue: NT$27.3b (up 40% from FY 2020). Net income: NT$8.29b (up 115% from FY 2020). Profit margin: 30% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 7.4%. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.53 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$6.11b (up 12% from 3Q 2020). Net income: NT$1.36b (down 17% from 3Q 2020). Profit margin: 22% (down from 30% 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 92% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 16
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 23 August 2021. Payment date: 13 September 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%). Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$0.91 (vs NT$0.12 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$8.07b (up 121% from 2Q 2020). Net income: NT$2.74b (up NT$3.13b from 2Q 2020). Profit margin: 34% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Executive Departure • Aug 10
Member of Compensation Committee Hui-Chung Chiang has left the company On the 6th of August, Hui-Chung Chiang's tenure as Member of Compensation Committee ended after 6.2 years in the role. We don't have any record of a personal shareholding under Hui-Chung's name. A total of 4 executives have left over the last 12 months. Executive Departure • Aug 05
Representative Director Te-Cheng Wen has left the company On the 29th of July, Te-Cheng Wen's tenure as Representative Director ended after 7.5 years in the role. We don't have any record of a personal shareholding under Te-Cheng's name. A total of 3 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 19% share price gain to NT$23.40, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 173% over the past three years. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 21% share price decline to NT$18.60, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 138% over the past three years. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$1.00 (vs NT$0.059 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$7.89b (up 131% from 1Q 2020). Net income: NT$3.04b (up NT$3.22b from 1Q 2020). Profit margin: 39% (up from net loss in 1Q 2020). The move to profitability 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 39% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 16% share price gain to NT$21.15, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 186% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 19% share price gain to NT$15.65, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 75% over the past three years. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS NT$1.25 (vs NT$0.25 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$19.6b (up 20% from FY 2019). Net income: NT$3.85b (up 384% from FY 2019). Profit margin: 20% (up from 4.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 69% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 23
New 90-day high: NT$13.35 The company is up 39% from its price of NT$9.63 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 16% share price gain to NT$13.25, the stock is trading at a trailing P/E ratio of 38.9x, up from the previous P/E ratio of 33.6x. 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 45%. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 19% share price gain to NT$11.50, the stock is trading at a trailing P/E ratio of 33.7x, up from the previous P/E ratio of 28.2x. 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 20%. Is New 90 Day High Low • Dec 01
New 90-day high: NT$10.80 The company is up 31% from its price of NT$8.26 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period. Reported Earnings • Nov 10
Third quarter 2020 earnings released: EPS NT$0.52 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$5.44b (up 27% from 3Q 2019). Net income: NT$1.64b (up 432% from 3Q 2019). Profit margin: 30% (up from 7.2% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 102% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 26
New 90-day high: NT$10.15 The company is up 50% from its price of NT$6.76 on 28 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is flat over the same period.