Upcoming Dividend • Jun 22
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 24 July 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.8%). Higher than average of industry peers (0.9%). Reported Earnings • May 11
First quarter 2026 earnings released: EPS: NT$0.11 (vs NT$0.058 in 1Q 2025) First quarter 2026 results: EPS: NT$0.11 (up from NT$0.058 in 1Q 2025). Revenue: NT$443.4m (up 43% from 1Q 2025). Net income: NT$10.7m (up 98% from 1Q 2025). Profit margin: 2.4% (up from 1.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Declared Dividend • May 08
Dividend reduced to NT$1.00 Dividend of NT$1.00 is 49% lower than last year. Ex-date: 29th June 2026 Payment date: 24th July 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (155% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 72% to bring the payout ratio under control, which is more than the 25% EPS growth achieved over the last 5 years. Reported Earnings • Mar 25
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: NT$0.64 (down from NT$2.45 in FY 2024). Revenue: NT$1.20b (down 31% from FY 2024). Net income: NT$61.0m (down 70% from FY 2024). Profit margin: 5.1% (down from 12% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 42%. Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings. Announcement • Mar 12
TWOWAY Communications, Inc., Annual General Meeting, Jun 01, 2026 TWOWAY Communications, Inc., Annual General Meeting, Jun 01, 2026. Location: no,41, wu kung 6th rd., new taipei city Taiwan New Risk • Jan 26
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 6.9% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 241% Paying a dividend despite having no free cash flows. High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (5.6% net profit margin). Reported Earnings • Nov 11
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: NT$0.40 (up from NT$0.073 in 3Q 2024). Revenue: NT$353.2m (down 9.6% from 3Q 2024). Net income: NT$37.6m (up NT$31.7m from 3Q 2024). Profit margin: 11% (up from 1.5% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 122%. Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 10
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: NT$0.02 loss per share (down from NT$0.51 profit in 2Q 2024). Revenue: NT$335.2m (down 24% from 2Q 2024). Net loss: NT$2.22m (down 105% from profit in 2Q 2024). Revenue missed analyst estimates by 64%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 55% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ching-Sung Wu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 26
Upcoming dividend of NT$1.97 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 25 July 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%). New Risk • Jun 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 194% Paying a dividend despite having no free cash flows. High level of non-cash earnings (53% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (5.8% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • May 04
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: NT$0.06 (down from NT$1.48 in 1Q 2024). Revenue: NT$310.8m (down 44% from 1Q 2024). Net income: NT$5.41m (down 96% from 1Q 2024). Profit margin: 1.7% (down from 22% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 53%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 30
Dividend reduced to NT$1.97 Dividend of NT$1.97 is 56% lower than last year. Ex-date: 3rd July 2025 Payment date: 25th July 2025 Dividend yield will be 2.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (82% 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 increased by an average of 39% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 126% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 18
TWOWAY Communications, Inc. to Report Q1, 2025 Results on Apr 28, 2025 TWOWAY Communications, Inc. announced that they will report Q1, 2025 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to NT$96.30, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 795% over the past three years. Reported Earnings • Mar 14
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: NT$2.45 (down from NT$5.00 in FY 2023). Revenue: NT$1.74b (down 25% from FY 2023). Net income: NT$201.7m (down 51% from FY 2023). Profit margin: 12% (down from 18% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 26%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 126% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$117, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 923% over the past three years. Announcement • Mar 06
TWOWAY Communications, Inc., Annual General Meeting, Jun 12, 2025 TWOWAY Communications, Inc., Annual General Meeting, Jun 12, 2025. Location: no,41, wu kung 6th rd., new taipei city Taiwan Announcement • Feb 26
TWOWAY Communications, Inc. to Report Fiscal Year 2024 Results on Mar 05, 2025 TWOWAY Communications, Inc. announced that they will report fiscal year 2024 results on Mar 05, 2025 Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$137, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 1,070% over the past three years. Announcement • Jan 26
Twoway Communications, Inc. Announces Resignation of Li,Siao-De as Corporate Governance Officer TWOWAY Communications, Inc. announced the resignation of Li,Siao-de,corporate governance officer. Effective date of resignation of January 24, 2025. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to NT$113, the stock trades at a trailing P/E ratio of 25.8x. Average forward P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 877% over the past three years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$78.30, the stock trades at a trailing P/E ratio of 17.9x. Average forward P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 549% over the past three years. New Risk • Dec 25
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 8.0% 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 (8.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 150% Buy Or Sell Opportunity • Dec 17
Now 22% overvalued Over the last 90 days, the stock has fallen 45% to NT$66.00. The fair value is estimated to be NT$54.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 87%. Announcement • Dec 12
TWOWAY Communications, Inc. has completed a Follow-on Equity Offering in the amount of TWD 524.4624 million. TWOWAY Communications, Inc. has completed a Follow-on Equity Offering in the amount of TWD 524.4624 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 7,623,000
Price\Range: TWD 68.8 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$69.70, the stock trades at a trailing P/E ratio of 15.9x. Average forward P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 469% over the past three years. Announcement • Nov 22
TWOWAY Communications, Inc. has filed a Follow-on Equity Offering. TWOWAY Communications, Inc. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 7,623,000
Price(minimum): TWD 59.31 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$2.23 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.07 (down from NT$2.23 in 3Q 2023). Revenue: NT$390.7m (down 54% from 3Q 2023). Net income: NT$5.91m (down 97% from 3Q 2023). Profit margin: 1.5% (down from 22% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. 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 6.3% 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 • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$90.00, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 30x in the Communications industry in Taiwan. Total returns to shareholders of 762% over the past three years. Buy Or Sell Opportunity • Aug 30
Now 22% overvalued Over the last 90 days, the stock has fallen 11% to NT$118. The fair value is estimated to be NT$96.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 96%. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$0.50 (vs NT$1.00 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.50 (down from NT$1.00 in 2Q 2023). Revenue: NT$441.9m (down 12% from 2Q 2023). Net income: NT$41.2m (down 49% from 2Q 2023). Profit margin: 9.3% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has increased by 124% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 18
Upcoming dividend of NT$4.50 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%). Upcoming Dividend • Jun 18
Upcoming dividend of NT$4.50 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%). Reported Earnings • Jun 14
First quarter 2024 earnings released: EPS: NT$1.48 (vs NT$0.45 loss in 1Q 2023) First quarter 2024 results: EPS: NT$1.48 (up from NT$0.45 loss in 1Q 2023). Revenue: NT$554.3m (up 312% from 1Q 2023). Net income: NT$120.4m (up NT$156.8m from 1Q 2023). Profit margin: 22% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$132, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 1,100% over the past three years. Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: NT$5.00 (vs NT$0.76 in FY 2022) Full year 2023 results: EPS: NT$5.00 (up from NT$0.76 in FY 2022). Revenue: NT$2.33b (up 128% from FY 2022). Net income: NT$407.9m (up NT$345.7m from FY 2022). Profit margin: 18% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 129% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 02
TWOWAY Communications, Inc., Annual General Meeting, Jun 18, 2024 TWOWAY Communications, Inc., Annual General Meeting, Jun 18, 2024. New Risk • Feb 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 (9.0% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Feb 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 7.1% 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 (7.1% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$69.10, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 701% over the past three years. Reported Earnings • Aug 14
First half 2023 earnings released: EPS: NT$0.55 (vs NT$0.40 in 1H 2022) First half 2023 results: EPS: NT$0.55 (up from NT$0.40 in 1H 2022). Revenue: NT$635.6m (up 30% from 1H 2022). Net income: NT$44.8m (up 38% from 1H 2022). Profit margin: 7.0% (up from 6.6% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 13
Upcoming dividend of NT$0.70 per share at 2.1% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 26 July 2023. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$34.40, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 257% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$28.95, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 199% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$21.30, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 157% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to NT$22.20, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$15.85, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 17x in the Communications industry in Taiwan. Total returns to shareholders of 136% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$13.75, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 38% over the past three years. Reported Earnings • Aug 16
First half 2022 earnings released: EPS: NT$0.40 (vs NT$0.13 in 1H 2021) First half 2022 results: EPS: NT$0.40 (up from NT$0.13 in 1H 2021). Revenue: NT$489.7m (down 16% from 1H 2021). Net income: NT$32.4m (up 211% from 1H 2021). Profit margin: 6.6% (up from 1.8% in 1H 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% 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. Upcoming Dividend • Jun 16
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 26 July 2022. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.0%). Reported Earnings • May 02
Full year 2021 earnings released: EPS: NT$0.58 (vs NT$0.21 in FY 2020) Full year 2021 results: EPS: NT$0.58 (up from NT$0.21 in FY 2020). Revenue: NT$1.17b (up 11% from FY 2020). Net income: NT$47.4m (up 180% from FY 2020). Profit margin: 4.0% (up from 1.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Apr 10
TWOWAY Communications, Inc., Annual General Meeting, Jun 21, 2022 TWOWAY Communications, Inc., Annual General Meeting, Jun 21, 2022. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 15% share price gain to NT$13.50, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 24x in the Communications industry in Taiwan. Total returns to shareholders of 54% over the past three years. Reported Earnings • Aug 18
First half 2021 earnings released: EPS NT$0.13 (vs NT$0.20 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$579.5m (up 37% from 1H 2020). Net income: NT$10.4m (up NT$26.8m from 1H 2020). Profit margin: 1.8% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 22
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 31 August 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.8%). Reported Earnings • Apr 30
Full year 2020 earnings released: EPS NT$0.21 (vs NT$0.83 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.06b (down 17% from FY 2019). Net income: NT$16.9m (down 75% from FY 2019). Profit margin: 1.6% (down from 5.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 20
New 90-day high: NT$11.65 The company is up 10.0% from its price of NT$10.55 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 18% share price gain to NT$11.65, the stock is trading at a trailing P/E ratio of 49.2x, up from the previous P/E ratio of 41.8x. This compares to an average P/E of 23x in the Communications industry in Taiwan. Total return to shareholders over the past three years is a loss of 18%. Is New 90 Day High Low • Jan 28
New 90-day low: NT$9.88 The company is down 3.0% from its price of NT$10.15 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 23% over the same period. Is New 90 Day High Low • Nov 14
New 90-day high: NT$10.35 The company is up 4.0% from its price of NT$10.00 on 14 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 3.0% over the same period.