Declared Dividend • Jul 02
Dividend increased to NT$2.50 Dividend of NT$2.50 is 25% higher than last year. Ex-date: 15th July 2026 Payment date: 12th October 2026 Dividend yield will be 1.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (42% 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 dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.4% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$186, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 25x in the Tech industry in Taiwan. Total returns to shareholders of 36% over the past year. Reported Earnings • May 19
First quarter 2026 earnings released: EPS: NT$1.10 (vs NT$0.17 in 1Q 2025) First quarter 2026 results: EPS: NT$1.10 (up from NT$0.17 in 1Q 2025). Revenue: NT$1.82b (down 6.9% from 1Q 2025). Net income: NT$46.6m (up NT$39.5m from 1Q 2025). Profit margin: 2.6% (up from 0.4% in 1Q 2025). The increase in margin was driven by lower expenses. New Risk • Apr 10
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 8.7% 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 High level of non-cash earnings (107% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$153, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 21% over the past year. New Risk • Mar 16
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: 1.9% 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 (107% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$5.04 (vs NT$3.94 in FY 2024) Full year 2025 results: EPS: NT$5.04 (up from NT$3.94 in FY 2024). Revenue: NT$6.99b (up 27% from FY 2024). Net income: NT$213.0m (up 30% from FY 2024). Profit margin: 3.0% (in line with FY 2024). Announcement • Mar 12
Amax Holding Co., Ltd., Annual General Meeting, Jun 05, 2026 Amax Holding Co., Ltd., Annual General Meeting, Jun 05, 2026, at 09:00 Taipei Standard Time. Location: 10 floor no,350, sung chiang rd., jhongshan district, taipei city Taiwan Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.29 (vs NT$0.09 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.29 (up from NT$0.09 in 3Q 2024). Revenue: NT$1.38b (up 26% from 3Q 2024). Net income: NT$12.1m (up 224% from 3Q 2024). Profit margin: 0.9% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$170, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total loss to shareholders of 31% over the past year. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$201, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total loss to shareholders of 24% over the past year. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: NT$3.24 (vs NT$0.33 in 2Q 2024) Second quarter 2025 results: EPS: NT$3.24 (up from NT$0.33 in 2Q 2024). Revenue: NT$1.90b (up 29% from 2Q 2024). Net income: NT$136.5m (up NT$123.0m from 2Q 2024). Profit margin: 7.2% (up from 0.9% in 2Q 2024). The increase in margin was driven by higher revenue. New Risk • Aug 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 112% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (112% accrual ratio). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to NT$194, the stock trades at a trailing P/E ratio of 77.2x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total loss to shareholders of 15% over the past year. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 2.8% 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 Shares are highly illiquid. Minor Risks Dividend is not well covered by cash flows (0% cash payout ratio). Profit margins are more than 30% lower than last year (1.7% net profit margin). Buy Or Sell Opportunity • Jul 11
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 6.1% to NT$147. The fair value is estimated to be NT$116, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last year. Earnings per share has declined by 62%. Declared Dividend • Jun 30
Dividend reduced to NT$2.00 Dividend of NT$2.00 is 33% lower than last year. Ex-date: 16th July 2025 Payment date: 13th October 2025 Dividend yield will be 1.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (18% cash payout ratio). 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. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 05
Now 20% overvalued Over the last 90 days, the stock has fallen 30% to NT$139. The fair value is estimated to be NT$115, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last year. Earnings per share has declined by 62%. New Risk • May 15
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: 1.7% Last year net profit margin: 4.4% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). Announcement • May 06
Amax Holding Co., Ltd. to Report Q1, 2025 Results on May 13, 2025 Amax Holding Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to NT$167, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 17x in the Tech industry in Taiwan. Total loss to shareholders of 49% over the past year. New Risk • Apr 07
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$153, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 19x in the Tech industry in Taiwan. Total loss to shareholders of 55% over the past year. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: NT$3.94 (vs NT$6.88 in FY 2023) Full year 2024 results: EPS: NT$3.94 (down from NT$6.88 in FY 2023). Revenue: NT$5.49b (down 9.6% from FY 2023). Net income: NT$163.9m (down 35% from FY 2023). Profit margin: 3.0% (down from 4.2% in FY 2023). The decrease in margin was driven by lower revenue. Announcement • Mar 14
Amax Holding Co., Ltd., Annual General Meeting, Jun 03, 2025 Amax Holding Co., Ltd., Annual General Meeting, Jun 03, 2025, at 09:00 Taipei Standard Time. Location: 10 floor no,350, sung chiang rd., jhongshan district, taipei city Taiwan Announcement • Mar 13
Amax Holding Co., Ltd. Proposes Cash Dividend for the Year Ended December 31, 2024 Amax Holding Co., Ltd. proposed cash dividends to shareholders of TWD 2 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders: TWD 84,285,814. Date of the board of directors resolution: March 12, 2025. Date of the board of directors resolution: March 12, 2025. Announcement • Mar 05
Amax Holding Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 Amax Holding Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 New Risk • Nov 19
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 8.2% 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 Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.09 (vs NT$0.78 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.09 (down from NT$0.78 in 3Q 2023). Revenue: NT$1.10b (down 24% from 3Q 2023). Net income: NT$3.75m (down 87% from 3Q 2023). Profit margin: 0.3% (down from 2.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Announcement • Nov 05
Amax Holding Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Amax Holding Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$267, the stock trades at a trailing P/E ratio of 60.2x. Average trailing P/E is 21x in the Tech industry in Taiwan. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$236, the stock trades at a trailing P/E ratio of 53.2x. Average trailing P/E is 21x in the Tech industry in Taiwan. New Risk • Sep 12
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 7.4% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Sep 04
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to NT$214. The fair value is estimated to be NT$285, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last year. Earnings per share has declined by 30%. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: NT$0.32 (vs NT$2.26 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.32 (down from NT$2.26 in 2Q 2023). Revenue: NT$1.47b (down 2.7% from 2Q 2023). Net income: NT$13.5m (down 84% from 2Q 2023). Profit margin: 0.9% (down from 5.4% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Announcement • Aug 29
Amax Holding Co., Ltd. Announces the Appointment of Chi-Lei Ni as Vice Chairman Amax Holding Co., Ltd. announced the appointment of Chi-Lei Ni as Vice Chairman, effective August 28, 2024. Resume of the new position holder: Executive Vice President and Chief Risk Officer, AMAX Engineering Corporation. Date of the board of directors resolution or date of occurrence of the change is August 28, 2024. Announcement • Aug 21
Amax Holding Co., Ltd. to Report Q2, 2024 Results on Aug 28, 2024 Amax Holding Co., Ltd. announced that they will report Q2, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to NT$209, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 20x in the Tech industry in Taiwan. Announcement • Jul 02
Amax Holding Co., Ltd. Announces Cash Dividend, Payable on October 11, 2024 Amax Holding Co., Ltd. approved common stock Cash dividend of TWD 123,930,876, with a cash dividend of approximately TWD 2.97234330 per share. Ex-rights (ex-dividend) trading date: July 18, 2024. Ex-rights (Ex-dividend) record date is July 24, 2024. Payment date of common stock cash dividend distribution: October 11, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: July 1, 2024. New Risk • May 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Revenue has declined by 3.0% over the past year. Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Announcement • May 09
Amax Holding Co., Ltd. to Report Q1, 2024 Results on May 14, 2024 Amax Holding Co., Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Announcement • Mar 16
Amax Holding Co., Ltd., Annual General Meeting, Jun 20, 2024 Amax Holding Co., Ltd., Annual General Meeting, Jun 20, 2024. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$280, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 23x in the Tech industry in Taiwan. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$237, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 22x in the Tech industry in Taiwan. New Risk • Dec 21
New major risk - Revenue and earnings growth Revenue has declined by 3.0% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$303, the stock trades at a trailing P/E ratio of 50.8x. Average trailing P/E is 21x in the Tech industry in Taiwan. Announcement • Nov 09
AMAX Holding Co., Ltd has completed an IPO in the amount of TWD 587.84292 million. AMAX Holding Co., Ltd has completed an IPO in the amount of TWD 587.84292 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 3,237,000
Price\Range: TWD 153.16
Security Name: Shares
Security Type: Common Stock
Securities Offered: 959,000
Price\Range: TWD 96