Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$53.20, the stock trades at a trailing P/E ratio of 72.3x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$50.30, the stock trades at a trailing P/E ratio of 68.4x. Average trailing P/E is 27x in the Electronic industry in Taiwan. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$42.75, the stock trades at a trailing P/E ratio of 58.1x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 85% over the past three years. Announcement • Feb 24
King Core Electronics Inc., Annual General Meeting, May 29, 2026 King Core Electronics Inc., Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: no,269, nan feng rd., pingjhen district, taoyuan city Taiwan Reported Earnings • Feb 24
Full year 2025 earnings released: EPS: NT$0.74 (vs NT$0.97 in FY 2024) Full year 2025 results: EPS: NT$0.74 (down from NT$0.97 in FY 2024). Revenue: NT$631.7m (up 11% from FY 2024). Net income: NT$64.8m (down 24% from FY 2024). Profit margin: 10% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$39.80, the stock trades at a trailing P/E ratio of 79x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to NT$36.05, the stock trades at a trailing P/E ratio of 71.4x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years. 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (NT$2.55b market cap, or US$83.2m). New Risk • Aug 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (NT$2.02b market cap, or US$67.1m). Reported Earnings • Aug 06
Second quarter 2025 earnings released: NT$0.67 loss per share (vs NT$0.31 profit in 2Q 2024) Second quarter 2025 results: NT$0.67 loss per share (down from NT$0.31 profit in 2Q 2024). Revenue: NT$156.1m (up 8.3% from 2Q 2024). Net loss: NT$58.8m (down 318% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Jul 10
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 12 August 2025. Payout ratio and cash payout ratio are on the higher end at 93% and 95% respectively. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.1%). Announcement • May 30
King Core Electronics Inc. Approves Cash Dividend for 2024 King Core Electronics Inc. approved the acknowledgment of 2024 earning distribution, at its 2025 General shareholders meeting held on May 29, 2025. Cash dividend of TWD 1 per share. New Risk • May 14
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 95% Dividend yield: 4.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 95% Minor Risk Market cap is less than US$100m (NT$2.01b market cap, or US$66.4m). Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.42 (vs NT$0.31 in 1Q 2024) First quarter 2025 results: EPS: NT$0.42 (up from NT$0.31 in 1Q 2024). Revenue: NT$155.9m (up 28% from 1Q 2024). Net income: NT$36.9m (up 34% from 1Q 2024). Profit margin: 24% (up from 23% 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 31% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • May 03
King Core Electronics Inc. to Report Q1, 2025 Results on May 12, 2025 King Core Electronics Inc. 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 19% After last week's 19% share price decline to NT$19.35, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 7.9% over the past three years. Announcement • Apr 01
King Core Electronics Inc. Announces Change of General Manager of Major Subsidiary, Shenzhen Zhen King Electronics Components Co., Ltd King Core Electronics Inc. announced Change of General Manager of a Major Subsidiary, Shenzhen Zhen King Electronics Components Co. Ltd. Name of the previous position holder: Tsai Chiu-Yun. Resume of the previous position holder: General manager of Shenzhen Zhen King Electronics Components Co.,Ltd. Circumstances of change: job relocation. Date of the board of directors resolution or date of occurrence of the change: March 31, 2025. Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: NT$0.97 (vs NT$0.85 in FY 2023) Full year 2024 results: EPS: NT$0.97 (up from NT$0.85 in FY 2023). Revenue: NT$569.8m (up 4.6% from FY 2023). Net income: NT$84.8m (up 13% from FY 2023). Profit margin: 15% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Feb 27
King Core Electronics Inc., Annual General Meeting, May 29, 2025 King Core Electronics Inc., Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: no,269, nan feng rd., pingjhen district, taoyuan city Taiwan Announcement • Feb 18
King Core Electronics Inc. to Report Fiscal Year 2024 Results on Feb 25, 2025 King Core Electronics Inc. announced that they will report fiscal year 2024 results on Feb 25, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.25 (vs NT$0.42 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.25 (down from NT$0.42 in 3Q 2023). Revenue: NT$158.9m (up 30% from 3Q 2023). Net income: NT$22.0m (down 40% from 3Q 2023). Profit margin: 14% (down from 30% in 3Q 2023). 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 2% per year, which means it is well ahead of earnings. Announcement • Nov 02
King Core Electronics Inc. to Report Q3, 2024 Results on Nov 11, 2024 King Core Electronics Inc. announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.31 (vs NT$0.36 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.31 (down from NT$0.36 in 2Q 2023). Revenue: NT$144.1m (flat on 2Q 2023). Net income: NT$27.0m (down 15% from 2Q 2023). Profit margin: 19% (down from 22% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Announcement • Aug 03
King Core Electronics Inc. to Report Q2, 2024 Results on Aug 12, 2024 King Core Electronics Inc. announced that they will report Q2, 2024 results on Aug 12, 2024 Upcoming Dividend • Jun 26
Upcoming dividend of NT$0.85 per share Eligible shareholders must have bought the stock before 03 July 2024. Payment date: 23 July 2024. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.6%). Board Change • Jun 10
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Shih-Chung Chang was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • May 31
King Core Electronics Inc. Announces Changes in Audit Committee King Core Electronics Inc. announced change in members of audit committee. Name of the previous position holder: Wang Chia-Ho. Resume of the previous position holder: Wang Chia-Ho, Chairman of Huayang International Development Investment Co. Ltd. Name of the new position holder: Chang Shih-Chung. Resume of the new position holder: Chang Shih-Chung, Chairman of WELLPOOL CO., LTD. Effective date of the new member: May 30, 2024. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: NT$0.31 (vs NT$0.23 in 1Q 2023) First quarter 2024 results: EPS: NT$0.31 (up from NT$0.23 in 1Q 2023). Revenue: NT$122.0m (down 17% from 1Q 2023). Net income: NT$27.6m (up 36% from 1Q 2023). Profit margin: 23% (up from 14% in 1Q 2023). The increase in margin was driven by lower expenses. 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 5% per year, which means it is significantly lagging earnings growth. Announcement • May 02
King Core Electronics Inc. to Report Q1, 2024 Results on May 07, 2024 King Core Electronics Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 07, 2024 New Risk • Feb 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 107% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (NT$2.42b market cap, or US$76.8m). Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: NT$0.85 (vs NT$2.19 in FY 2022) Full year 2023 results: EPS: NT$0.85 (down from NT$2.19 in FY 2022). Revenue: NT$544.6m (down 29% from FY 2022). Net income: NT$74.8m (down 61% from FY 2022). Profit margin: 14% (down from 25% 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 29% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 20
King Core Electronics Inc., Annual General Meeting, May 30, 2024 King Core Electronics Inc., Annual General Meeting, May 30, 2024. Location: No. 269, Nanfeng Rd. Pingzhen Dist. Taoyuan Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee's Audit Report; to consider 2023 distribution of remuneration to employees and directors; to consider 2023 Report of Remuneration Paid to Directors; to consider cause for convening the meeting; to consider re-election of directors; to approve the lifting of non-competition restrictions for newly elected directors and their representatives. New Risk • Nov 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 26% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 134% Cash payout ratio: 131% Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (NT$2.44b market cap, or US$75.7m). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$23.25, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past three years. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: NT$0.36 (vs NT$0.44 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.36 (down from NT$0.44 in 2Q 2022). Revenue: NT$144.9m (down 27% from 2Q 2022). Net income: NT$31.7m (down 18% from 2Q 2022). Profit margin: 22% (up from 19% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 02
Upcoming dividend of NT$1.50 per share at 5.5% yield Eligible shareholders must have bought the stock before 09 August 2023. Payment date: 29 August 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.1%). Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: NT$5.25 (vs NT$0.93 in FY 2021) Full year 2022 results: EPS: NT$5.25 (up from NT$0.93 in FY 2021). Revenue: NT$770.1m (down 3.7% from FY 2021). Net income: NT$190.6m (up 136% from FY 2021). Profit margin: 25% (up from 10% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: NT$0.92 (vs NT$0.31 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.92 (up from NT$0.31 in 3Q 2021). Revenue: NT$195.0m (down 4.4% from 3Q 2021). Net income: NT$80.2m (up 194% from 3Q 2021). Profit margin: 41% (up from 13% 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 41% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: NT$0.44 (vs NT$0.074 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.44 (up from NT$0.074 in 2Q 2021). Revenue: NT$199.2m (down 4.1% from 2Q 2021). Net income: NT$38.6m (up NT$32.2m from 2Q 2021). Profit margin: 19% (up from 3.1% 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 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 16
Upcoming dividend of NT$0.85 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 60% and the cash payout ratio is 98%. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (4.3%). Reported Earnings • May 11
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$0.71 (up from NT$0.22 in 1Q 2021). Revenue: NT$196.2m (up 9.8% from 1Q 2021). Net income: NT$62.2m (up 226% from 1Q 2021). Profit margin: 32% (up from 11% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 58%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Feb 27
King Core Electronics Inc., Annual General Meeting, May 26, 2022 King Core Electronics Inc., Annual General Meeting, May 26, 2022. Reported Earnings • Feb 23
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$0.93 (up from NT$0.39 in FY 2020). Revenue: NT$799.6m (up 32% from FY 2020). Net income: NT$80.8m (up 137% from FY 2020). Profit margin: 10% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 58%. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.093 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$203.9m (up 38% from 3Q 2020). Net income: NT$27.3m (up 240% from 3Q 2020). Profit margin: 13% (up from 5.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 12
Upcoming dividend of NT$0.75 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 10 September 2021. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.1%). In line with average of industry peers (3.1%). Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.12 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$207.7m (up 32% from 2Q 2020). Net income: NT$6.40m (down 36% from 2Q 2020). Profit margin: 3.1% (down from 6.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$24.00, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 26% over the past three years. Reported Earnings • May 05
First quarter 2021 earnings released: EPS NT$0.22 (vs NT$0.077 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$178.8m (up 33% from 1Q 2020). Net income: NT$19.1m (up 185% from 1Q 2020). Profit margin: 11% (up from 5.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Feb 24
Full year 2020 earnings released: EPS NT$0.39 (vs NT$0.93 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$606.7m (down 6.6% from FY 2019). Net income: NT$34.1m (down 58% from FY 2019). Profit margin: 5.6% (down from 12% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 23
New 90-day high: NT$29.80 The company is up 19% from its price of NT$25.00 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 25% over the same period. Announcement • Feb 22
King Core Electronics Inc., Annual General Meeting, May 28, 2021 King Core Electronics Inc., Annual General Meeting, May 28, 2021. Is New 90 Day High Low • Dec 09
New 90-day high: NT$27.00 The company is up 24% from its price of NT$21.80 on 10 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 12% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: NT$24.95 The company is up 20% from its price of NT$20.75 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 04
New 90-day high: NT$23.60 The company is up 5.0% from its price of NT$22.45 on 06 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS NT$0.09 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$147.5m (down 18% from 3Q 2019). Net income: NT$8.05m (down 73% from 3Q 2019). Profit margin: 5.5% (down from 17% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 15
New 90-day high: NT$23.40 The company is up 4.0% from its price of NT$22.60 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is down 4.0% over the same period.