Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$194, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 188% over the past year. New Risk • May 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 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (104% accrual ratio). Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change). Reported Earnings • May 18
First quarter 2026 earnings released: EPS: NT$2.26 (vs NT$1.32 in 1Q 2025) First quarter 2026 results: EPS: NT$2.26 (up from NT$1.32 in 1Q 2025). Revenue: NT$472.3m (up 6.3% from 1Q 2025). Net income: NT$46.6m (up 70% from 1Q 2025). Profit margin: 9.9% (up from 6.2% in 1Q 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$103, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 30x in the Electronic industry in Taiwan. Total returns to shareholders of 51% over the past year. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$94.90, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$79.50, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total loss to shareholders of 1.1% over the past year. Announcement • Mar 12
EIKEI Group (Cayman) Co., Ltd., Annual General Meeting, Jun 17, 2026 EIKEI Group (Cayman) Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: no,28 ln.420, sec.5 ch`eng kung rd., neihu district, taipei city Taiwan New Risk • Mar 12
New major risk - Revenue and earnings growth Revenue has declined by 3.9% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 3.9% over the past year. Minor Risks Dividend is not well covered by earnings (128% payout ratio). Market cap is less than US$100m (NT$1.31b market cap, or US$41.0m). Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$5.68 (vs NT$7.30 in FY 2024) Full year 2025 results: EPS: NT$5.68 (down from NT$7.30 in FY 2024). Revenue: NT$1.69b (down 3.9% from FY 2024). Net income: NT$118.4m (down 17% from FY 2024). Profit margin: 7.0% (down from 8.1% in FY 2024). The decrease in margin was driven by lower revenue. Buy Or Sell Opportunity • Feb 11
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to NT$62.50. The fair value is estimated to be NT$48.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.4%. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$68.50, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total loss to shareholders of 26% over the past year. Buy Or Sell Opportunity • Dec 04
Now 29% overvalued Over the last 90 days, the stock has fallen 6.7% to NT$61.10. The fair value is estimated to be NT$47.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.4%. New Risk • Nov 28
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 128% Cash payout ratio: 113% Dividend yield: 9.6% 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: 128% Cash payout ratio: 113% Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (NT$1.15b market cap, or US$36.7m). Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$60.00, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 21x in the Electronic industry in Taiwan. New Risk • Nov 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 6.8% 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 Dividend is not well covered by cash flows (113% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$1.13b market cap, or US$36.1m). Buy Or Sell Opportunity • Nov 14
Now 20% overvalued Over the last 90 days, the stock has fallen 24% to NT$54.30. The fair value is estimated to be NT$45.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.3%. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$1.52 (vs NT$2.42 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.52 (down from NT$2.42 in 3Q 2024). Revenue: NT$399.3m (down 16% from 3Q 2024). Net income: NT$31.6m (down 34% from 3Q 2024). Profit margin: 7.9% (down from 10% in 3Q 2024). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$47.80, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: NT$0.40 (vs NT$1.37 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.40 (down from NT$1.37 in 2Q 2024). Revenue: NT$423.3m (flat on 2Q 2024). Net income: NT$8.32m (down 69% from 2Q 2024). Profit margin: 2.0% (down from 6.4% in 2Q 2024). Reported Earnings • May 11
First quarter 2025 earnings released: EPS: NT$1.32 (vs NT$1.05 in 1Q 2024) First quarter 2025 results: EPS: NT$1.32 (up from NT$1.05 in 1Q 2024). Revenue: NT$444.1m (up 14% from 1Q 2024). Net income: NT$27.4m (up 38% from 1Q 2024). Profit margin: 6.2% (up from 5.1% in 1Q 2024). The increase in margin was driven by higher revenue. Announcement • May 01
EIKEI Group (Cayman) Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 EIKEI Group (Cayman) Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Buy Or Sell Opportunity • Apr 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to NT$67.50. The fair value is estimated to be NT$88.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last year. Earnings per share has grown by 16%. New Risk • Mar 30
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: 6.9% 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 (156% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$1.67b market cap, or US$50.2m). Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$7.30 (vs NT$6.31 in FY 2023) Full year 2024 results: EPS: NT$7.30 (up from NT$6.31 in FY 2023). Revenue: NT$1.76b (up 24% from FY 2023). Net income: NT$142.5m (up 29% from FY 2023). Profit margin: 8.1% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue. Announcement • Mar 18
EIKEI Group (Cayman) Co., Ltd., Annual General Meeting, Jun 20, 2025 EIKEI Group (Cayman) Co., Ltd., Annual General Meeting, Jun 20, 2025. Location: no,28 ln.420, sec.5 ch`eng kung rd., neihu district, taipei city Taiwan Announcement • Mar 08
EIKEI Group (Cayman) Co., Ltd. to Report Fiscal Year 2024 Results on Mar 14, 2025 EIKEI Group (Cayman) Co., Ltd. announced that they will report fiscal year 2024 results on Mar 14, 2025 Buy Or Sell Opportunity • Mar 04
Now 21% overvalued Over the last 90 days, the stock has fallen 8.6% to NT$90.00. The fair value is estimated to be NT$74.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last year, while earnings per share has been flat. Buy Or Sell Opportunity • Feb 17
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at NT$89.50. The fair value is estimated to be NT$73.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last year, while earnings per share has been flat. Buy Or Sell Opportunity • Dec 25
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at NT$94.80. The fair value is estimated to be NT$78.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last year, while earnings per share has been flat. Board Change • Dec 03
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 Junhong Lin was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 03
EIKEI Group (Cayman) Co., Ltd. has completed an IPO in the amount of TWD 77 million. EIKEI Group (Cayman) Co., Ltd. has completed an IPO in the amount of TWD 77 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,100,000
Price\Range: TWD 70
Transaction Features: Reserved Share Offering 
