Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.10 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00. Revenue: NT$1.06b (down 4.6% from 1Q 2025). Net income: NT$99.0m (up 23% from 1Q 2025). Profit margin: 9.4% (up from 7.3% in 1Q 2025). The increase in margin was driven by lower expenses. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$4.30 (vs NT$4.50 in FY 2024) Full year 2025 results: EPS: NT$4.30 (down from NT$4.50 in FY 2024). Revenue: NT$4.31b (up 1.3% from FY 2024). Net income: NT$315.6m (down 4.4% from FY 2024). Profit margin: 7.3% (down from 7.8% 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 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Mar 05
CASwell, Inc., Annual General Meeting, May 28, 2026 CASwell, Inc., Annual General Meeting, May 28, 2026. Location: 12 floor no,308, chien kuo 1st rd., sinjhuang district, new taipei city Taiwan Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$1.06 (vs NT$1.20 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.06 (down from NT$1.20 in 3Q 2024). Revenue: NT$966.3m (down 14% from 3Q 2024). Net income: NT$77.8m (down 12% from 3Q 2024). Profit margin: 8.0% (up from 7.9% 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 14% 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. Reported Earnings • Aug 14
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: NT$1.06b (down 5.6% from 2Q 2024). Net income: NT$55.0m (down 42% from 2Q 2024). Profit margin: 5.2% (down from 8.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Jul 23
Upcoming dividend of NT$2.90 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.8%). Declared Dividend • Jul 07
Dividend increased to NT$2.90 Dividend of NT$2.90 is 3.6% higher than last year. Ex-date: 30th July 2025 Payment date: 28th August 2025 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (dividend approximately 10x free cash flows). The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: NT$1.10 (vs NT$0.90 in 1Q 2024) First quarter 2025 results: EPS: NT$1.10 (up from NT$0.90 in 1Q 2024). Revenue: NT$1.11b (up 32% from 1Q 2024). Net income: NT$80.7m (up 22% from 1Q 2024). Profit margin: 7.3% (down from 7.9% in 1Q 2024). 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 but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 01
CASwell, Inc. to Report Q1, 2025 Results on May 07, 2025 CASwell, Inc. announced that they will report Q1, 2025 results on May 07, 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$82.70, the stock trades at a trailing P/E ratio of 18.4x. Average forward P/E is 12x in the Tech industry in Taiwan. Negligible returns to shareholders over past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$4.50 (vs NT$4.40 in FY 2023) Full year 2024 results: EPS: NT$4.50 (up from NT$4.40 in FY 2023). Revenue: NT$4.25b (up 4.2% from FY 2023). Net income: NT$330.1m (up 2.3% from FY 2023). Profit margin: 7.8% (down from 7.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Announcement • Mar 07
CASwell, Inc., Annual General Meeting, May 22, 2025 CASwell, Inc., Annual General Meeting, May 22, 2025, at 09:00 Taipei Standard Time. Location: 12 floor no,308, chien kuo 1st rd., sinjhuang district, new taipei city Taiwan Announcement • Feb 26
CASwell, Inc. to Report Q4, 2024 Results on Mar 05, 2025 CASwell, Inc. announced that they will report Q4, 2024 results at 9:00 AM, Taipei Standard Time on Mar 05, 2025 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$108, the stock trades at a trailing P/E ratio of 26.3x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 17% over the past three years. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$1.20 (vs NT$0.99 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.20 (up from NT$0.99 in 3Q 2023). Revenue: NT$1.12b (up 22% from 3Q 2023). Net income: NT$87.9m (up 21% from 3Q 2023). Profit margin: 7.9% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. New Risk • Nov 15
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 6.3% 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 (6.3% average weekly change). Buy Or Sell Opportunity • Nov 05
Now 21% undervalued Over the last 90 days, the stock has risen 20% to NT$138. The fair value is estimated to be NT$174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.2% over the last 3 years. Earnings per share has grown by 9.1%. Announcement • Oct 30
CASwell, Inc. to Report Q3, 2024 Results on Nov 06, 2024 CASwell, Inc. announced that they will report Q3, 2024 results on Nov 06, 2024 Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$140, the stock trades at a trailing P/E ratio of 35.8x. Average forward P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 53% over the past three years. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$1.30 (vs NT$1.40 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.30 (down from NT$1.40 in 2Q 2023). Revenue: NT$1.12b (up 11% from 2Q 2023). Net income: NT$95.1m (down 7.5% from 2Q 2023). Profit margin: 8.5% (down from 10% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$109, the stock trades at a trailing P/E ratio of 27.1x. Average forward P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 11% over the past three years. Announcement • Aug 02
CASwell, Inc. to Report Q2, 2024 Results on Aug 12, 2024 CASwell, Inc. announced that they will report Q2, 2024 results on Aug 12, 2024 Declared Dividend • Jul 13
Dividend of NT$2.80 announced Shareholders will receive a dividend of NT$2.80. Ex-date: 29th July 2024 Payment date: 27th August 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 3.4% 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 22% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.1% EPS decline seen over the last 5 years. Announcement • Jul 12
CASwell, Inc. Announces Cash Dividend, Payable on August 27, 2024 CASwell, Inc. announced cash dividend of TWD 205,375,688. Ex-rights (ex-dividend) trading date is July 29, 2024; Ex-rights (ex-dividend) record date is August 04, 2024; Payment date of common stock cash dividend distribution is August 27, 2024. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.90 (vs NT$1.30 in 1Q 2023) First quarter 2024 results: EPS: NT$0.90 (down from NT$1.30 in 1Q 2023). Revenue: NT$839.4m (down 22% from 1Q 2023). Net income: NT$66.3m (down 30% from 1Q 2023). Profit margin: 7.9% (down from 8.9% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 02
CASwell, Inc. to Report Q1, 2024 Results on May 08, 2024 CASwell, Inc. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: NT$4.40 (vs NT$5.85 in FY 2022) Full year 2023 results: EPS: NT$4.40 (down from NT$5.85 in FY 2022). Revenue: NT$4.08b (down 18% from FY 2022). Net income: NT$322.7m (down 25% from FY 2022). Profit margin: 7.9% (down from 8.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Mar 14
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 6.0% 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 (6.0% average weekly change). Announcement • Mar 14
CASwell, Inc., Annual General Meeting, Jun 13, 2024 CASwell, Inc., Annual General Meeting, Jun 13, 2024. Location: 12F.,No.308,Jianguo 1st Rd.,Xinzhuang Dist New Taipei City 242047,Taiwan R.O.C. New Taipei City Taiwan Agenda: To consider business report of 2023; to consider audit committee's review report; to consider report on the distribution of remuneration for employees and directors of 2023; to consider report on cash dividends distribution of earnings for 2023; to consider 2023 business report and financial statements; to consider 2023 earnings distribution; and to consider other issues. Price Target Changed • Feb 17
Price target decreased by 15% to NT$118 Down from NT$139, the current price target is provided by 1 analyst. New target price is 13% above last closing price of NT$105. Stock is up 11% over the past year. The company posted earnings per share of NT$5.85 last year. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$0.99 (vs NT$1.90 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.99 (down from NT$1.90 in 3Q 2022). Revenue: NT$919.0m (down 32% from 3Q 2022). Net income: NT$72.9m (down 48% from 3Q 2022). Profit margin: 7.9% (down from 10% 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 7% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$1.40 (vs NT$1.81 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.40 (down from NT$1.81 in 2Q 2022). Revenue: NT$1.01b (down 19% from 2Q 2022). Net income: NT$102.9m (down 22% from 2Q 2022). Profit margin: 10% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 10
Upcoming dividend of NT$3.60 per share at 3.7% yield Eligible shareholders must have bought the stock before 17 July 2023. Payment date: 14 August 2023. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.8%). New Risk • Jul 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 287% Dividend yield: 3.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Buying Opportunity • May 26
Now 20% undervalued Over the last 90 days, the stock is up 7.0%. 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. Buying Opportunity • Apr 27
Now 22% undervalued The stock has been flat over the last 90 days. 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. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: NT$5.85 (vs NT$3.00 in FY 2021) Full year 2022 results: EPS: NT$5.85 (up from NT$3.00 in FY 2021). Revenue: NT$4.98b (up 6.6% from FY 2021). Net income: NT$428.3m (up 95% from FY 2021). Profit margin: 8.6% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 18% share price gain to NT$98.30, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 12% over the past three years. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: NT$1.90 (vs NT$0.61 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.90 (up from NT$0.61 in 3Q 2021). Revenue: NT$1.34b (up 27% from 3Q 2021). Net income: NT$139.3m (up 211% from 3Q 2021). Profit margin: 10% (up from 4.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 79% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 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 Benny Wang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.81 (vs NT$0.58 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.81 (up from NT$0.58 in 2Q 2021). Revenue: NT$1.26b (up 12% from 2Q 2021). Net income: NT$132.2m (up 210% from 2Q 2021). Profit margin: 11% (up from 3.8% in 2Q 2021). The increase in margin was driven by higher 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 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 08
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 15 August 2022. Payment date: 12 September 2022. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (7.3%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.89 (vs NT$1.00 in 1Q 2021) First quarter 2022 results: EPS: NT$0.89 (down from NT$1.00 in 1Q 2021). Revenue: NT$1.13b (down 9.2% from 1Q 2021). Net income: NT$65.4m (down 11% from 1Q 2021). Profit margin: 5.8% (in line with 1Q 2021). 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. 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 Benny Wang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: NT$3.00 (vs NT$5.29 in FY 2020) Full year 2021 results: EPS: NT$3.00 (down from NT$5.29 in FY 2020). Revenue: NT$4.67b (down 14% from FY 2020). Net income: NT$219.6m (down 41% from FY 2020). Profit margin: 4.7% (down from 6.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% 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. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.61 (vs NT$1.44 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.06b (down 23% from 3Q 2020). Net income: NT$44.9m (down 57% from 3Q 2020). Profit margin: 4.2% (down from 7.6% in 3Q 2020). The decrease in margin was driven by lower revenue. 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 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 01
Upcoming dividend of NT$3.64 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 08 October 2021. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (5.3%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.58 (vs NT$1.48 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.12b (down 23% from 2Q 2020). Net income: NT$42.6m (down 58% from 2Q 2020). Profit margin: 3.8% (down from 6.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$1.00 (vs NT$1.30 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.24b (down 2.1% from 1Q 2020). Net income: NT$73.1m (down 17% from 1Q 2020). Profit margin: 5.9% (down from 7.0% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$145, the stock trades at a trailing P/E ratio of 27.4x. Average forward P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 22% share price gain to NT$174, the stock trades at a trailing P/E ratio of 32.8x. Average forward P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 25% over the past three years. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$5.29 (vs NT$4.28 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.47b (up 23% from FY 2019). Net income: NT$372.4m (up 29% from FY 2019). Profit margin: 6.8% (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 fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improved over the past week After last week's 24% share price gain to NT$155, the stock trades at a trailing P/E ratio of 28.8x. Average forward P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 13% over the past three years. Is New 90 Day High Low • Feb 01
New 90-day low: NT$119 The company is down 6.0% from its price of NT$127 on 03 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 12% over the same period. Is New 90 Day High Low • Jan 08
New 90-day low: NT$120 The company is down 10.0% from its price of NT$134 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: NT$123 The company is down 16% from its price of NT$146 on 22 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day low: NT$125 The company is down 5.0% from its price of NT$131 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 Tech industry, which is down 1.0% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$1.44 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$1.38b (up 14% from 3Q 2019). Net income: NT$104.3m (up 11% from 3Q 2019). Profit margin: 7.6% (down from 7.8% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue misses expectations Revenue missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 13%, compared to a 6.3% growth forecast for the Tech industry in Taiwan. Is New 90 Day High Low • Nov 02
New 90-day low: NT$125 The company is down 19% from its price of NT$155 on 04 August 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 2.0% over the same period.