New Risk • Jul 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.16b (US$97.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (NT$3.16b market cap, or US$97.7m). Declared Dividend • Jul 06
Dividend of NT$0.70 announced Shareholders will receive a dividend of NT$0.70. Ex-date: 21st July 2026 Payment date: 10th August 2026 Dividend yield will be 0.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio). However, it is well covered by cash flows (26% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 39% to bring the payout ratio under control. However, EPS has declined by 29% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 13
First quarter 2026 earnings released: EPS: NT$0.29 (vs NT$0.055 in 1Q 2025) First quarter 2026 results: EPS: NT$0.29 (up from NT$0.055 in 1Q 2025). Revenue: NT$93.7m (up 46% from 1Q 2025). Net income: NT$13.4m (up 427% from 1Q 2025). Profit margin: 14% (up from 4.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. New Risk • May 04
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 12% 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 (12% average weekly change). Earnings have declined by 33% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.4% net profit margin). Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$0.33 (vs NT$2.03 in FY 2024) Full year 2025 results: EPS: NT$0.33 (down from NT$2.03 in FY 2024). Revenue: NT$343.5m (down 4.8% from FY 2024). Net income: NT$15.0m (down 84% from FY 2024). Profit margin: 4.4% (down from 26% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Tillkännagivande • Mar 10
AMIDA Technology, Inc., Annual General Meeting, May 28, 2026 AMIDA Technology, Inc., Annual General Meeting, May 28, 2026. Location: b2 floor no,716, chung cheng rd., jhonghe district, new taipei city Taiwan Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$0.02 (vs NT$0.26 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.02 (down from NT$0.26 in 3Q 2024). Revenue: NT$94.7m (up 36% from 3Q 2024). Net income: NT$1.05m (down 91% from 3Q 2024). Profit margin: 1.1% (down from 17% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. New Risk • Nov 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.08b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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). Dividend is not well covered by earnings and cash flows. Dividend per share is over 22x earnings per share. Cash payout ratio: 166% Earnings have declined by 23% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (NT$3.08b market cap, or US$99.6m). New Risk • Sep 01
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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 166% Earnings have declined by 23% per year over the past 5 years. Minor Risks 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 (1.3% net profit margin). Market cap is less than US$100m (NT$2.91b market cap, or US$94.9m). Reported Earnings • Aug 12
Second quarter 2025 earnings released: NT$0.62 loss per share (vs NT$0.76 profit in 2Q 2024) Second quarter 2025 results: NT$0.62 loss per share (down from NT$0.76 profit in 2Q 2024). Revenue: NT$63.7m (down 38% from 2Q 2024). Net loss: NT$28.4m (down 181% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 09
Upcoming dividend of NT$1.80 per share Eligible shareholders must have bought the stock before 14 July 2025. Payment date: 15 August 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.3%). Declared Dividend • Jun 25
Dividend of NT$1.80 announced Shareholders will receive a dividend of NT$1.80. Ex-date: 14th July 2025 Payment date: 15th August 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) nor is it covered by cash flows (217% cash payout ratio). The dividend has increased by an average of 22% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. However, EPS has declined by 7.5% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 18
First quarter 2025 earnings released: EPS: NT$0.06 (vs NT$0.66 in 1Q 2024) First quarter 2025 results: EPS: NT$0.06 (down from NT$0.66 in 1Q 2024). Revenue: NT$64.3m (down 46% from 1Q 2024). Net income: NT$2.54m (down 91% from 1Q 2024). Profit margin: 4.0% (down from 24% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$45.45, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 52% over the past three years. Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: NT$2.13 (vs NT$0.32 in FY 2023) Full year 2024 results: EPS: NT$2.13 (up from NT$0.32 in FY 2023). Revenue: NT$360.9m (up 52% from FY 2023). Net income: NT$93.7m (up NT$79.8m from FY 2023). Profit margin: 26% (up from 5.9% in FY 2023). 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 only fallen by 18% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 06
AMIDA Technology, Inc., Annual General Meeting, May 23, 2025 AMIDA Technology, Inc., Annual General Meeting, May 23, 2025. Location: b2 floor no,716, chung cheng rd., jhonghe district, new taipei city Taiwan Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$81.50, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 5.6% over the past three years. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$0.80 (vs NT$0.11 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.80 (up from NT$0.11 loss in 2Q 2023). Revenue: NT$102.0m (up 135% from 2Q 2023). Net income: NT$35.3m (up NT$40.1m from 2Q 2023). Profit margin: 35% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$60.10, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total loss to shareholders of 17% over the past three years. New Risk • Aug 05
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: Major Risk Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$2.77b market cap, or US$84.9m). New Risk • Jul 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.26b market cap, or US$99.2m). Upcoming Dividend • Jul 05
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 11 July 2024. Payment date: 15 August 2024. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.0%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.69 (vs NT$0.33 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.69 (up from NT$0.33 loss in 1Q 2023). Revenue: NT$120.0m (up 240% from 1Q 2023). Net income: NT$29.0m (up NT$42.8m from 1Q 2023). Profit margin: 24% (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 fallen by 59% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: NT$0.33 (vs NT$2.64 in FY 2022) Full year 2023 results: EPS: NT$0.33 (down from NT$2.64 in FY 2022). Revenue: NT$237.8m (down 45% from FY 2022). Net income: NT$13.9m (down 87% from FY 2022). Profit margin: 5.9% (down from 25% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Jan 15
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 5.9% 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (NT$2.90b market cap, or US$92.9m). Market cap is less than US$100m (NT$2.90b market cap, or US$92.9m). Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: NT$0.09 (vs NT$0.66 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.09 (down from NT$0.66 in 3Q 2022). Revenue: NT$45.2m (down 56% from 3Q 2022). Net income: NT$3.89m (down 86% from 3Q 2022). Profit margin: 8.6% (down from 27% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 15
Upcoming dividend of NT$2.40 per share at 4.7% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 15 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (3.4%). Reported Earnings • Aug 09
Second quarter 2023 earnings released: NT$0.12 loss per share (vs NT$1.06 profit in 2Q 2022) Second quarter 2023 results: NT$0.12 loss per share (down from NT$1.06 profit in 2Q 2022). Revenue: NT$43.4m (down 70% from 2Q 2022). Net loss: NT$4.86m (down 112% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 22% per year. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$69.30, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 12% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.69 (vs NT$1.04 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.69 (down from NT$1.04 in 3Q 2021). Revenue: NT$103.5m (down 5.3% from 3Q 2021). Net income: NT$27.5m (down 25% from 3Q 2021). Profit margin: 27% (down from 34% in 3Q 2021). The decrease in margin was primarily 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 fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.69 (vs NT$1.04 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.69 (down from NT$1.04 in 3Q 2021). Revenue: NT$103.5m (down 5.3% from 3Q 2021). Net income: NT$27.5m (down 25% from 3Q 2021). Profit margin: 27% (down from 34% in 3Q 2021). The decrease in margin was primarily 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 fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 15% share price gain to NT$56.60, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 4.4% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released Second quarter 2022 results: EPS: NT$1.06. Net income: NT$42.1m (up NT$42.1m from 2Q 2021). Upcoming Dividend • Jun 09
Upcoming dividend of NT$3.20 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 15 July 2022. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.0%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$1.32 (vs NT$1.23 in 1Q 2021) First quarter 2022 results: EPS: NT$1.32 (up from NT$1.23 in 1Q 2021). Revenue: NT$124.4m (up 2.3% from 1Q 2021). Net income: NT$46.6m (up 7.9% from 1Q 2021). Profit margin: 37% (up from 36% in 1Q 2021). Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$4.36 (up from NT$3.37 in FY 2020). Revenue: NT$453.7m (up 33% from FY 2020). Net income: NT$155.0m (up 31% from FY 2020). Profit margin: 34% (in line with FY 2020). Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improved over the past week After last week's 24% share price gain to NT$125, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 42% over the past year. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$1.04 (vs NT$0.92 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$109.2m (up 15% from 3Q 2020). Net income: NT$36.7m (up 14% from 3Q 2020). Profit margin: 34% (in line with 3Q 2020). Reported Earnings • Aug 18
First half 2021 earnings released: EPS NT$2.45 (vs NT$1.54 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: NT$243.2m (up 62% from 1H 2020). Net income: NT$86.3m (up 59% from 1H 2020). Profit margin: 36% (in line with 1H 2020). Upcoming Dividend • Aug 03
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 10 August 2021. Payment date: 30 August 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 16% share price gain to NT$99.50, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 78% over the past year. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS NT$3.37 (vs NT$1.95 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$340.3m (up 56% from FY 2019). Net income: NT$118.8m (up 74% from FY 2019). Profit margin: 35% (up from 31% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improved over the past week After last week's 18% share price gain to NT$108, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 131% over the past year. Is New 90 Day High Low • Feb 25
New 90-day high: NT$95.80 The company is up 6.0% from its price of NT$90.00 on 27 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 29% over the same period. Is New 90 Day High Low • Jan 20
New 90-day low: NT$80.00 The company is down 11% from its price of NT$89.40 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 37% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: NT$80.60 The company is down 10.0% from its price of NT$90.00 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 23% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: NT$86.00 The company is down 5.0% from its price of NT$90.91 on 29 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 4.0% over the same period.