Upcoming Dividend • Jul 28
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 04 August 2026. Payment date: 31 August 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (2.6%). Reported Earnings • May 18
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.99 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.99 in 1Q 2025). Revenue: NT$474.6m (up 20% from 1Q 2025). Net income: NT$66.6m (up 40% from 1Q 2025). Profit margin: 14% (up from 12% 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 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$3.53 (vs NT$2.18 in FY 2024) Full year 2025 results: EPS: NT$3.53 (up from NT$2.18 in FY 2024). Revenue: NT$1.60b (up 19% from FY 2024). Net income: NT$169.9m (up 62% from FY 2024). Profit margin: 11% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 09
Cincon Electronics Co., Ltd., Annual General Meeting, May 27, 2026 Cincon Electronics Co., Ltd., Annual General Meeting, May 27, 2026. Location: no,17, wa st. an tung tsun, sioushuei township, changhua county Taiwan Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$63.50, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 24x in the Electrical industry in Taiwan. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$58.00, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 23x in the Electrical industry in Taiwan. Total returns to shareholders of 59% over the past three years. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: NT$0.80 (vs NT$0.39 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.80 (up from NT$0.39 in 3Q 2024). Revenue: NT$414.2m (up 37% from 3Q 2024). Net income: NT$38.4m (up 107% from 3Q 2024). Profit margin: 9.3% (up from 6.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$62.90, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 28x in the Electrical industry in Taiwan. Total returns to shareholders of 74% over the past three years. Upcoming Dividend • Sep 25
Upcoming dividend of NT$1.10 per share Eligible shareholders must have bought the stock before 02 October 2025. Payment date: 31 October 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.8%). Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$1.12 (vs NT$0.53 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.12 (up from NT$0.53 in 2Q 2024). Revenue: NT$425.7m (up 24% from 2Q 2024). Net income: NT$54.1m (up 112% from 2Q 2024). Profit margin: 13% (up from 7.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$62.20, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 21x in the Electrical industry in Taiwan. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$52.80, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 22% over the past three years. New Risk • Jul 08
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 9.5% 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 (9.5% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.05b market cap, or US$70.4m). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$53.00, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$47.35, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 30% over the past three years. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.99 (vs NT$0.82 in 1Q 2024) First quarter 2025 results: EPS: NT$0.99 (up from NT$0.82 in 1Q 2024). Revenue: NT$396.7m (up 17% from 1Q 2024). Net income: NT$47.7m (up 21% from 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 13
Cincon Electronics Co., Ltd., Annual General Meeting, May 26, 2025 Cincon Electronics Co., Ltd., Annual General Meeting, May 26, 2025, at 10:00 Taipei Standard Time. Location: no,99, chung shan rd., chuang pa ts`un, sioushuei township, changhua county Taiwan Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$0.39 (vs NT$0.63 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.39 (down from NT$0.63 in 3Q 2023). Revenue: NT$302.2m (down 6.9% from 3Q 2023). Net income: NT$18.5m (down 39% from 3Q 2023). Profit margin: 6.1% (down from 9.3% 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 1% per year whereas the company’s share price has increased by 1% per year. New Risk • Aug 17
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: 8.7% Last year net profit margin: 13% 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: Minor Risks Dividend is not well covered by cash flows (165% cash payout ratio). Profit margins are more than 30% lower than last year (8.7% net profit margin). Market cap is less than US$100m (NT$2.01b market cap, or US$62.4m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.53 (vs NT$0.86 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.53 (down from NT$0.86 in 2Q 2023). Revenue: NT$344.0m (down 12% from 2Q 2023). Net income: NT$25.5m (down 38% from 2Q 2023). Profit margin: 7.4% (down from 11% 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 9% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Jul 29
Upcoming dividend of NT$1.60 per share Eligible shareholders must have bought the stock before 05 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.3%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.82 (vs NT$1.11 in 1Q 2023) First quarter 2024 results: EPS: NT$0.82 (down from NT$1.11 in 1Q 2023). Revenue: NT$339.2m (down 11% from 1Q 2023). Net income: NT$39.5m (down 26% from 1Q 2023). Profit margin: 12% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 15
Cincon Electronics Co., Ltd., Annual General Meeting, May 29, 2024 Cincon Electronics Co., Ltd., Annual General Meeting, May 29, 2024. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$0.63 (vs NT$1.60 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.63 (down from NT$1.60 in 3Q 2022). Revenue: NT$324.5m (down 30% from 3Q 2022). Net income: NT$30.2m (down 61% from 3Q 2022). Profit margin: 9.3% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.86 (vs NT$1.07 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.86 (down from NT$1.07 in 2Q 2022). Revenue: NT$388.5m (down 19% from 2Q 2022). Net income: NT$41.2m (down 20% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 31
Upcoming dividend of NT$2.50 per share at 5.0% yield Eligible shareholders must have bought the stock before 07 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.0%). Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: NT$4.56 (vs NT$2.20 in FY 2021) Full year 2022 results: EPS: NT$4.56 (up from NT$2.20 in FY 2021). Revenue: NT$1.71b (up 42% from FY 2021). Net income: NT$219.2m (up 107% from FY 2021). Profit margin: 13% (up from 8.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$46.10, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 13x in the Electrical industry in Taiwan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: NT$1.60 (vs NT$0.71 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.60 (up from NT$0.71 in 3Q 2021). Revenue: NT$462.4m (up 43% from 3Q 2021). Net income: NT$76.9m (up 125% from 3Q 2021). Profit margin: 17% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.07 (vs NT$0.40 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.07 (up from NT$0.40 in 2Q 2021). Revenue: NT$479.7m (up 83% from 2Q 2021). Net income: NT$51.6m (up 170% from 2Q 2021). Profit margin: 11% (up from 7.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 28
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 17% share price gain to NT$47.75, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 14x in the Electrical industry in Taiwan. Total returns to shareholders of 33% over the past three years. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.86 (vs NT$0.37 in 1Q 2021) First quarter 2022 results: EPS: NT$0.86 (up from NT$0.37 in 1Q 2021). Revenue: NT$327.3m (up 25% from 1Q 2021). Net income: NT$41.3m (up 131% from 1Q 2021). Profit margin: 13% (up from 6.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$2.20 (vs NT$2.54 in FY 2020) Full year 2021 results: EPS: NT$2.20 (down from NT$2.54 in FY 2020). Revenue: NT$1.21b (up 15% from FY 2020). Net income: NT$106.0m (down 13% from FY 2020). Profit margin: 8.8% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.71 (vs NT$0.82 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$323.6m (up 3.9% from 3Q 2020). Net income: NT$34.2m (down 13% from 3Q 2020). Profit margin: 11% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Sep 23
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 30 September 2021. Payment date: 27 October 2021. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.3%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.021 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$261.8m (up 36% from 1Q 2020). Net income: NT$17.9m (up NT$18.9m from 1Q 2020). Profit margin: 6.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. 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 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$2.54 (vs NT$1.86 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$1.05b (down 2.6% from FY 2019). Net income: NT$122.2m (up 37% from FY 2019). Profit margin: 12% (up from 8.3% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% 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. Is New 90 Day High Low • Mar 03
New 90-day high: NT$38.95 The company is up 10.0% from its price of NT$35.45 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electrical industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: NT$36.50 The company is up 12% from its price of NT$32.60 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electrical industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: NT$35.80 The company is up 8.0% from its price of NT$33.15 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electrical industry, which is up 7.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.82 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$311.5m (up 24% from 3Q 2019). Net income: NT$39.5m (up 63% from 3Q 2019). Profit margin: 13% (up from 9.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.