Valuation Update With 7 Day Price Move • 13h
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$245, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 45% over the past year. Buy Or Sell Opportunity • Aug 06
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to NT$245. The fair value is estimated to be NT$340, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 19%. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to NT$285, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 37x in the Semiconductor industry in Taiwan. Total returns to shareholders of 79% over the past year. New Risk • Jul 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 301% Dividend yield: 1.6% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (24% accrual ratio). Minor Risk Dividend is not well covered by cash flows (301% cash payout ratio). Buy Or Sell Opportunity • Jul 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 55% to NT$265. The fair value is estimated to be NT$339, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 19%. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$302, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 47x in the Semiconductor industry in Taiwan. Total returns to shareholders of 79% over the past year. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$409, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 51x in the Semiconductor industry in Taiwan. Total returns to shareholders of 155% over the past year. Buy Or Sell Opportunity • Jun 22
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to NT$414. The fair value is estimated to be NT$335, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 19%. Buy Or Sell Opportunity • Apr 30
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 217% to NT$467. The fair value is estimated to be NT$365, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 19%. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to NT$446, the stock trades at a trailing P/E ratio of 66.3x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 297% over the past year. Upcoming Dividend • Apr 16
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 23 April 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (1.3%). Buy Or Sell Opportunity • Apr 13
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 240% to NT$497. The fair value is estimated to be NT$365, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 19%. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: NT$6.72 (vs NT$5.51 in FY 2024) Full year 2025 results: EPS: NT$6.72 (up from NT$5.51 in FY 2024). Revenue: NT$1.06b (up 22% from FY 2024). Net income: NT$221.7m (up 31% from FY 2024). Profit margin: 21% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$354, the stock trades at a trailing P/E ratio of 63.7x. Average trailing P/E is 38x in the Semiconductor industry in Taiwan. Total returns to shareholders of 124% over the past year. New Risk • Mar 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$199, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 34x in the Semiconductor industry in Taiwan. Total returns to shareholders of 25% over the past year. Tillkännagivande • Mar 05
Sync-Tech System Corp, Annual General Meeting, Jun 23, 2026 Sync-Tech System Corp, Annual General Meeting, Jun 23, 2026. Location: 2 floor no,3, t`ai yuan 1st st., hsinchu county Taiwan New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risk High level of non-cash earnings (52% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$179, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$179, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$134, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 20x in the Electronic industry in Taiwan. New Risk • Apr 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.84b (US$86.3m) 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 (14% average weekly change). High level of non-cash earnings (30% accrual ratio). Minor Risk Market cap is less than US$100m (NT$2.84b market cap, or US$86.3m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to NT$107, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: NT$5.51 (vs NT$3.87 in FY 2023) Full year 2024 results: EPS: NT$5.51 (up from NT$3.87 in FY 2023). Revenue: NT$864.2m (up 43% from FY 2023). Net income: NT$169.7m (up 50% from FY 2023). Profit margin: 20% (in line with FY 2023). Tillkännagivande • Mar 07
Sync-Tech System Corp, Annual General Meeting, Jun 12, 2025 Sync-Tech System Corp, Annual General Meeting, Jun 12, 2025. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county Taiwan 
