Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$241, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 37x in the Electronic industry in Taiwan. Total returns to shareholders of 231% over the past three years. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$264, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 42x in the Electronic industry in Taiwan. Total returns to shareholders of 241% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$210, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 37x in the Electronic industry in Taiwan. Total returns to shareholders of 170% over the past three years. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.05 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00. Revenue: NT$1.25b (up 22% from 1Q 2025). Net income: NT$123.6m (up 65% from 1Q 2025). Profit margin: 9.9% (up from 7.3% in 1Q 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$192, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 30x in the Electronic industry in Taiwan. Total returns to shareholders of 170% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$154, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$117, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 60% over the past three years. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$4.85 (vs NT$5.01 in FY 2024) Full year 2025 results: EPS: NT$4.85 (down from NT$5.01 in FY 2024). Revenue: NT$4.26b (flat on FY 2024). Net income: NT$346.1m (down 3.0% from FY 2024). Profit margin: 8.1% (down from 8.4% in FY 2024). 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. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$98.60, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 40% over the past three years. New Risk • Feb 05
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 7.1% 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 12% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$103, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 55% over the past three years. New Risk • Aug 19
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 6.1% 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 9.7% 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 (6.1% average weekly change). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$97.10, the stock trades at a trailing P/E ratio of 23.4x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 46% over the past three years. Reported Earnings • Aug 11
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: NT$1.24 (down from NT$1.89 in 2Q 2024). Revenue: NT$1.10b (down 1.5% from 2Q 2024). Net income: NT$88.5m (down 34% from 2Q 2024). Profit margin: 8.0% (down from 12% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$86.60, the stock trades at a trailing P/E ratio of 18.1x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 58% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of NT$3.35 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%). Buy Or Sell Opportunity • May 21
Now 26% overvalued Over the last 90 days, the stock has fallen 10% to NT$72.70. The fair value is estimated to be NT$57.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 21%. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$1.05 (vs NT$1.25 in 1Q 2024) First quarter 2025 results: EPS: NT$1.05 (down from NT$1.25 in 1Q 2024). Revenue: NT$1.02b (down 4.9% from 1Q 2024). Net income: NT$74.9m (down 16% from 1Q 2024). Profit margin: 7.3% (down from 8.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • May 01
Ventec International Group Co.,Ltd. to Report Q1, 2025 Results on May 12, 2025 Ventec International Group Co.,Ltd. announced that they will report Q1, 2025 results on May 12, 2025 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$64.30, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total loss to shareholders of 26% over the past three years. New Risk • Mar 31
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 7.9% 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 (7.9% average weekly change). Earnings have declined by 5.4% 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. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$73.30, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total loss to shareholders of 22% over the past three years. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: NT$5.01 (vs NT$6.08 in FY 2023) Full year 2024 results: EPS: NT$5.01 (down from NT$6.08 in FY 2023). Revenue: NT$4.23b (down 11% from FY 2023). Net income: NT$356.8m (down 17% from FY 2023). Profit margin: 8.4% (down from 9.1% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 14
Dividend of NT$3.35 announced Dividend of NT$3.35 is the same as last year. Ex-date: 27th June 2025 Payment date: 18th July 2025 Dividend yield will be 4.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 19% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 27% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.2% EPS decline seen over the last 5 years. New Risk • Feb 06
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 6.5% 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 2.9% 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 (6.5% average weekly change). Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$77.50, 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 loss to shareholders of 26% over the past three years. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: NT$0.71 (vs NT$1.66 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.71 (down from NT$1.66 in 3Q 2023). Revenue: NT$1.00b (down 19% from 3Q 2023). Net income: NT$50.4m (down 57% from 3Q 2023). Profit margin: 5.0% (down from 9.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$1.89 (vs NT$2.07 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.89 (down from NT$2.07 in 2Q 2023). Revenue: NT$1.12b (down 9.3% from 2Q 2023). Net income: NT$134.5m (down 8.6% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 23% per year. Announcement • Aug 03
Ventec International Group Co.,Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Ventec International Group Co.,Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Board Change • Jul 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Tsung-Hsi Chen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 25
Upcoming dividend of NT$3.35 per share Eligible shareholders must have bought the stock before 02 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.6%). Reported Earnings • May 09
First quarter 2024 earnings released: EPS: NT$1.25 (vs NT$1.07 in 1Q 2023) First quarter 2024 results: EPS: NT$1.25 (up from NT$1.07 in 1Q 2023). Revenue: NT$1.07b (down 8.2% from 1Q 2023). Net income: NT$89.2m (up 17% from 1Q 2023). Profit margin: 8.3% (up from 6.5% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • May 03
Ventec International Group Co.,Ltd. to Report Q1, 2024 Results on May 08, 2024 Ventec International Group Co.,Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: NT$6.08 (vs NT$6.60 in FY 2022) Full year 2023 results: EPS: NT$6.08 (down from NT$6.60 in FY 2022). Revenue: NT$4.74b (down 16% from FY 2022). Net income: NT$431.7m (down 7.5% from FY 2022). Profit margin: 9.1% (up from 8.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jan 24
Ventec International Group Co.,Ltd., Annual General Meeting, Jun 21, 2024 Ventec International Group Co.,Ltd., Annual General Meeting, Jun 21, 2024. Location: 8F, General Meeting Room, No. 350 Songjiang Rd., Zhongshan Dist., Taipei City 104 Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee Review Report on the Company's 2023 Financial Statements; to consider 2023 Distribution Proposal of Directors Remuneration and Employee Bonus; to consider report 2023 earnings distribution; to consider Endorsement and Guarantee Provided; to consider Amendments to the Regulations Procedure for Board of Directors Meeting; and to consider other matters. New Risk • Oct 11
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). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$99.20, the stock trades at a trailing P/E ratio of 16.4x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 42% over the past three years. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: NT$2.07 (vs NT$1.95 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.07 (up from NT$1.95 in 2Q 2022). Revenue: NT$1.23b (down 15% from 2Q 2022). Net income: NT$147.1m (up 7.0% from 2Q 2022). Profit margin: 12% (up from 9.4% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Board Change • Jul 06
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 Tsung-Hsi Chen was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 27
Ventec International Group Co.,Ltd. Announces Executive Changes Ventec International Group Co.,Ltd. appointed Lao, Kai- Lu in place of Wang, Yu-Tzu as chairman. Effective date of the new appointment is June 26, 2023. Upcoming Dividend • Jun 14
Upcoming dividend of NT$3.60 per share at 4.0% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.2%). Announcement • May 06
Ventec International Group Co.,Ltd. Appoints Tseng, Yu-Ting as Director of Corporate Governance Ventec International Group Co.,Ltd. has appointed the first director of corporate governance. Name, title, and resume of the new position holder: Tseng, Yu-Ting/Associate manager of Accounting and Finance Department. Reason for the change: Company appoints first head of corporate governance. Effective date: May 4, 2023. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: NT$6.60 (vs NT$11.72 in FY 2021) Full year 2022 results: EPS: NT$6.60 (down from NT$11.72 in FY 2021). Revenue: NT$5.61b (down 27% from FY 2021). Net income: NT$466.4m (down 44% from FY 2021). Profit margin: 8.3% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. 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. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Tsung-Hsi Chen was the last independent director to join the board, commencing their role in 2019. 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 • Aug 13
Second quarter 2022 earnings released: EPS: NT$1.95 (vs NT$4.09 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.95 (down from NT$4.09 in 2Q 2021). Revenue: NT$1.46b (down 31% from 2Q 2021). Net income: NT$137.4m (down 52% from 2Q 2021). Profit margin: 9.4% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% 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 • Jun 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$75.30, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 23% over the past three years. Upcoming Dividend • Jun 14
Upcoming dividend of NT$6.60 per share Eligible shareholders must have bought the stock before 21 June 2022. Payment date: 12 July 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.3%). Reported Earnings • May 08
First quarter 2022 earnings released: EPS: NT$1.70 (vs NT$2.72 in 1Q 2021) First quarter 2022 results: EPS: NT$1.70 (down from NT$2.72 in 1Q 2021). Revenue: NT$1.72b (up 6.8% from 1Q 2021). Net income: NT$119.8m (down 38% from 1Q 2021). Profit margin: 7.0% (down from 12% in 1Q 2021). 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 but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 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 Tsung-Hsi Chen was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be NT$119, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 16%. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$11.72 (up from NT$5.28 in FY 2020). Revenue: NT$7.67b (up 59% from FY 2020). Net income: NT$827.8m (up 122% from FY 2020). Profit margin: 11% (up from 7.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.1%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
Ventec International Group Co.,Ltd., Annual General Meeting, Jun 17, 2022 Ventec International Group Co.,Ltd., Annual General Meeting, Jun 17, 2022. Location: 8F, General Meeting Room, No. 350 Songjiang Rd., Zhongshan Dist Taipei City Taiwan Agenda: To consider 2021Business Report; to consider Audit Committee Review Report on the Company's 2021 Financial Statements; to consider 2021 Distribution Proposal of Directors Remuneration and Employee Bonus; to consider to report 2021earnings distribution; to consider Lending Funds to Other Parties; to consider Endorsement and Guarantee Provided; to consider amendments to the Corporate Social Responsibility Principles; and to transact other matters. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$3.22 (vs NT$1.11 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.05b (up 79% from 3Q 2020). Net income: NT$227.4m (up 189% from 3Q 2020). Profit margin: 11% (up from 6.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS NT$4.09 (vs NT$1.61 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.11b (up 86% from 2Q 2020). Net income: NT$288.9m (up 153% from 2Q 2020). Profit margin: 14% (up from 10.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 15% share price gain to NT$163, the stock trades at a trailing P/E ratio of 25.1x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 197% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 16% share price gain to NT$151, the stock trades at a trailing P/E ratio of 23.2x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 153% over the past three years. Upcoming Dividend • Jun 12
Upcoming dividend of NT$3.20 per share Eligible shareholders must have bought the stock before 18 June 2021. Payment date: 09 July 2021. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$79.80, the stock trades at a trailing P/E ratio of 12.3x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 48% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$2.72 (vs NT$1.51 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.61b (up 20% from 1Q 2020). Net income: NT$192.0m (up 80% from 1Q 2020). Profit margin: 12% (up from 8.0% 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 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 17
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.83b (down 11% from FY 2019). Net income: NT$373.3m (down 21% from FY 2019). Profit margin: 7.7% (down from 8.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Announcement • Mar 16
Ventec International Group Co.,Ltd., Annual General Meeting, Jun 18, 2021 Ventec International Group Co.,Ltd., Annual General Meeting, Jun 18, 2021. Is New 90 Day High Low • Feb 26
New 90-day high: NT$91.20 The company is up 30% from its price of NT$70.00 on 27 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 23% over the same period. Is New 90 Day High Low • Jan 15
New 90-day low: NT$66.50 The company is down 2.0% from its price of NT$67.60 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 29% over the same period. Analyst Estimate Surprise Post Earnings • Nov 06
Revenue beats expectations Revenue exceeded analyst estimates by 6.4%. Reported Earnings • Nov 06
Third quarter 2020 earnings released: EPS NT$1.11 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.14b (down 20% from 3Q 2019). Net income: NT$78.7m (down 49% from 3Q 2019). Profit margin: 6.9% (down from 11% in 3Q 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Oct 12
New 90-day low: NT$68.30 The company is down 21% from its price of NT$86.30 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: NT$79.50 The company is down 10.0% from its price of NT$88.70 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.