Upcoming Dividend • Jun 30
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 07 July 2026. Payment date: 31 July 2026. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$227, the stock trades at a trailing P/E ratio of 37.2x. Average trailing P/E is 42x in the Electronic industry in Taiwan. Total returns to shareholders of 74% over the past year. Declared Dividend • Jun 11
Dividend reduced to NT$5.00 Dividend of NT$5.00 is 17% lower than last year. Ex-date: 7th July 2026 Payment date: 31st July 2026 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 10% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.5% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$189, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 36x in the Electronic industry in Taiwan. Total returns to shareholders of 38% over the past year. Reported Earnings • May 13
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$3.20 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (down from NT$3.20 in 1Q 2025). Revenue: NT$471.2m (down 23% from 1Q 2025). Net income: NT$50.1m (down 69% from 1Q 2025). Profit margin: 11% (down from 26% in 1Q 2025). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$199, the stock trades at a trailing P/E ratio of 23.9x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 73% over the past year. Announcement • Mar 13
Trio Technology International Group Co., Ltd., Annual General Meeting, Jun 09, 2026 Trio Technology International Group Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: b2 floor no,716, chung cheng rd., jhonghe district, new taipei city Taiwan Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$8.29 (vs NT$11.41 in FY 2024) Full year 2025 results: EPS: NT$8.29 (down from NT$11.41 in FY 2024). Revenue: NT$2.27b (up 3.0% from FY 2024). Net income: NT$414.5m (down 20% from FY 2024). Profit margin: 18% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in Taiwan. New Risk • Mar 01
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 9.3% 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 (9.3% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$198, the stock trades at a trailing P/E ratio of 22.3x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$199, the stock trades at a trailing P/E ratio of 22.4x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 32% over the past year. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$182, the stock trades at a trailing P/E ratio of 20.5x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 12% over the past year. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$2.82 (vs NT$2.42 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.82 (up from NT$2.42 in 3Q 2024). Revenue: NT$503.0m (down 18% from 3Q 2024). Net income: NT$141.1m (up 33% from 3Q 2024). Profit margin: 28% (up from 17% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to NT$201, the stock trades at a trailing P/E ratio of 24.6x. Average forward P/E is 17x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$165, the stock trades at a trailing P/E ratio of 20.2x. Average forward P/E is 17x in the Electronic industry in Taiwan. New Risk • Aug 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 6.3% 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: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). New Risk • Aug 27
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: 25% 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 High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (17% net profit margin). Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: NT$0 (vs NT$2.77 in 2Q 2024) Second quarter 2025 results: EPS: NT$0 (down from NT$2.77 in 2Q 2024). Revenue: NT$649.0m (up 31% from 2Q 2024). Net income: NT$17.0k (down 100% from 2Q 2024). Profit margin: 0% (down from 25% in 2Q 2024). The decrease in margin was driven by higher expenses. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: NT$3.19 (vs NT$3.32 in 1Q 2024) First quarter 2025 results: EPS: NT$3.19. Revenue: NT$610.4m (up 16% from 1Q 2024). Net income: NT$159.7m (up 9.5% from 1Q 2024). Profit margin: 26% (down from 28% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Apr 29
Trio Technology International Group Co., Ltd. to Report Q1, 2025 Results on May 06, 2025 Trio Technology International Group Co., Ltd. announced that they will report Q1, 2025 results on May 06, 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$122, the stock trades at a trailing P/E ratio of 11.8x. Average forward P/E is 13x in the Electronic industry in Taiwan. New Risk • Apr 03
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.0% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$11.41 (vs NT$9.02 in FY 2023) Full year 2024 results: EPS: NT$11.41 (up from NT$9.02 in FY 2023). Revenue: NT$2.20b (up 38% from FY 2023). Net income: NT$515.6m (up 31% from FY 2023). Profit margin: 23% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$194, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$171, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$184, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Announcement • Nov 05
Trio Technology International Group Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Trio Technology International Group Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 