Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Chong-Zen Hsieh was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 15
Upcoming dividend of NT$0.05 per share Eligible shareholders must have bought the stock before 22 June 2026. Payment date: 17 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (1.0%). Declared Dividend • May 18
Dividend reduced to NT$0.05 Dividend of NT$0.05 is 75% lower than last year. Ex-date: 22nd June 2026 Payment date: 17th July 2026 Dividend yield will be 0.07%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: Approximately 5x earnings. Cash payout ratio: 9%. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: NT$0.083 (vs NT$0.024 in 1Q 2025) First quarter 2026 results: EPS: NT$0.083 (up from NT$0.024 in 1Q 2025). Revenue: NT$2.14b (up 4.3% from 1Q 2025). Net income: NT$46.1m (up 253% from 1Q 2025). Profit margin: 2.2% (up from 0.6% in 1Q 2025). Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. New Risk • Apr 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 8.8% 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 61% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). New Risk • Mar 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 127% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 61% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). New Risk • Mar 14
New major risk - Revenue and earnings growth Earnings have declined by 61% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 61% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.7% net profit margin). Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$0.12 (vs NT$2.07 in FY 2024) Full year 2025 results: EPS: NT$0.12 (down from NT$2.07 in FY 2024). Revenue: NT$9.55b (down 40% from FY 2024). Net income: NT$69.1m (down 94% from FY 2024). Profit margin: 0.7% (down from 6.7% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 12
VIA Technologies, Inc., Annual General Meeting, Jun 18, 2026 VIA Technologies, Inc., Annual General Meeting, Jun 18, 2026, at 09:00 Taipei Standard Time. Location: no,205, sec.3 pei hsin rd., sindian district, new taipei city Taiwan New Risk • Feb 19
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: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). New Risk • Dec 09
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 6.6% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). New Risk • Nov 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 1,162% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.59 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.04 (down from NT$0.59 in 3Q 2024). Revenue: NT$2.32b (down 56% from 3Q 2024). Net income: NT$20.9m (down 93% from 3Q 2024). Profit margin: 0.9% (down from 5.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 14
Second quarter 2025 earnings released: NT$1.16 loss per share (vs NT$0.13 profit in 2Q 2024) Second quarter 2025 results: NT$1.16 loss per share (down from NT$0.13 profit in 2Q 2024). Revenue: NT$2.12b (down 28% from 2Q 2024). Net loss: NT$644.6m (down NT$711.6m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 13
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 20 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.3%). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.02 (vs NT$0.15 in 1Q 2024) First quarter 2025 results: EPS: NT$0.02 (down from NT$0.15 in 1Q 2024). Revenue: NT$2.05b (down 5.0% from 1Q 2024). Net income: NT$13.1m (down 82% from 1Q 2024). Profit margin: 0.6% (down from 3.4% 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 49% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Declared Dividend • May 14
Dividend increased to NT$0.20 Dividend of NT$0.20 is 100% higher than last year. Ex-date: 20th June 2025 Payment date: 18th July 2025 Dividend yield will be 0.3%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 1%. Tillkännagivande • May 01
VIA Technologies, Inc. to Report Q1, 2025 Results on May 09, 2025 VIA Technologies, Inc. announced that they will report Q1, 2025 results on May 09, 2025 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$64.50, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 13% over the past three years. 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 6.5% 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 22% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$2.07 (vs NT$0.82 in FY 2023) Full year 2024 results: EPS: NT$2.07 (up from NT$0.82 in FY 2023). Revenue: NT$15.9b (up 26% from FY 2023). Net income: NT$1.07b (up 160% from FY 2023). Profit margin: 6.7% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 13
VIA Technologies, Inc., Annual General Meeting, Jun 20, 2025 VIA Technologies, Inc., Annual General Meeting, Jun 20, 2025, at 09:00 Taipei Standard Time. Location: no,205, sec.3 pei hsin rd., sindian district, new taipei city Taiwan Buy Or Sell Opportunity • Mar 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to NT$88.30. The fair value is estimated to be NT$111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 93%. Tillkännagivande • Feb 28
VIA Technologies, Inc. to Report Fiscal Year 2024 Results on Mar 11, 2025 VIA Technologies, Inc. announced that they will report fiscal year 2024 results on Mar 11, 2025 Buy Or Sell Opportunity • Feb 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to NT$92.30. The fair value is estimated to be NT$117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 93%. Buy Or Sell Opportunity • Jan 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to NT$91.60. The fair value is estimated to be NT$116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 93%. Reported Earnings • Oct 31
Full year 2024 earnings released: EPS: NT$1.16 (vs NT$0.29 in FY 2023) Full year 2024 results: EPS: NT$1.16 (up from NT$0.29 in FY 2023). Revenue: NT$13.9b (up 24% from FY 2023). Net income: NT$581.3m (up 296% from FY 2023). Profit margin: 4.2% (up from 1.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. New Risk • Oct 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 7.2% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding). Tillkännagivande • Oct 23
VIA Technologies, Inc. to Report Q3, 2024 Results on Oct 29, 2024 VIA Technologies, Inc. announced that they will report Q3, 2024 results on Oct 29, 2024 Tillkännagivande • Aug 30
VIA Technologies, Inc. announced a financing transaction VIA Technologies, Inc. announced a private placement of common shares on August 28, 2024. The transaction has been approved by the shareholders of the company. New Risk • Aug 24
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 9.4% 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 (9.4% average weekly change). Earnings have declined by 7.2% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: NT$0.13 (vs NT$0.20 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.13 (down from NT$0.20 in 2Q 2023). Revenue: NT$2.96b (down 6.1% from 2Q 2023). Net income: NT$67.0m (down 31% from 2Q 2023). Profit margin: 2.3% (down from 3.1% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 133 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jul 31
VIA Technologies, Inc. to Report Q2, 2024 Results on Aug 08, 2024 VIA Technologies, Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Jun 13
Upcoming dividend of NT$0.10 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 19 July 2024. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.2%). Reported Earnings • May 15
First quarter 2024 earnings released: EPS: NT$0.15 (vs NT$0.16 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.15 (up from NT$0.16 loss in 1Q 2023). Revenue: NT$2.16b (up 5.7% from 1Q 2023). Net income: NT$74.0m (up NT$153.5m from 1Q 2023). Profit margin: 3.4% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 133 percentage points per year, which is a significant difference in performance. Declared Dividend • May 10
Dividend reduced to NT$0.10 Dividend of NT$0.10 is 33% lower than last year. Ex-date: 20th June 2024 Payment date: 19th July 2024 Dividend yield will be 0.09%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 64%. Cash payout ratio: 4%. Tillkännagivande • May 01
VIA Technologies, Inc. to Report Q1, 2024 Results on May 08, 2024 VIA Technologies, Inc. announced that they will report Q1, 2024 results on May 08, 2024 New Risk • Apr 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$0.82 (vs NT$0.17 loss in FY 2022) Full year 2023 results: EPS: NT$0.82 (up from NT$0.17 loss in FY 2022). Revenue: NT$12.6b (up 36% from FY 2022). Net income: NT$410.6m (up NT$494.2m from FY 2022). Profit margin: 3.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 08
VIA Technologies, Inc. announced that it expects to receive TWD 300 million in funding VIA Technologies, Inc. announced a private placement of 30,000,000 shares at a price of TWD 10 per share for the gross proceeds of TWD 300,000,000 on March 6, 2024. The transaction has been approved by the shareholders of the company and is expected to close from March 6, 2024 to March 18, 2024. The shares are non-transferable for three years from the date of delivery of the private placement securities. Tillkännagivande • Mar 07
VIA Technologies, Inc., Annual General Meeting, Jun 20, 2024 VIA Technologies, Inc., Annual General Meeting, Jun 20, 2024. Location: No.205, Sec. 3, Beixin Rd. Xindian Dist. New Tapei City Taiwan Agenda: To consider and approve 2023 Business Report and financial statements; to consider Audit Committee's Review Report; to consider retained earnings distribution; and to consider other matters, if any. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$0.18 (vs NT$0.41 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.18 (down from NT$0.41 in 3Q 2022). Revenue: NT$3.24b (up 25% from 3Q 2022). Net income: NT$92.0m (down 55% from 3Q 2022). Profit margin: 2.8% (down from 7.9% in 3Q 2022). The decrease in margin was driven by higher expenses. 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 58% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.20 (vs NT$0.33 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.20 (up from NT$0.33 loss in 2Q 2022). Revenue: NT$3.15b (up 38% from 2Q 2022). Net income: NT$97.6m (up NT$260.6m from 2Q 2022). Profit margin: 3.1% (up from net loss in 2Q 2022). The move to profitability 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 44% per year, which means it is well ahead of earnings. Tillkännagivande • Aug 04
VIA Technologies, Inc. Announces the Appointment of Kou-Sheng Tseng as Member of Compensation Committee VIA Technologies, Inc. announced the appointment of Kou-Sheng Tseng as Member of Compensation Committee, effective August 3, 2023. Kou-Sheng Tseng is Chairman & CEO of GOOD TV Broadcasting Corp. New Risk • Jul 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 6.2% 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. Upcoming Dividend • Jun 09
Upcoming dividend of NT$0.15 per share at 0.2% yield Eligible shareholders must have bought the stock before 16 June 2023. Payment date: 19 July 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.3%). Tillkännagivande • May 06
VIA Technologies, Inc. Announces Cash Dividend, Payable on July 19, 2023 VIA Technologies, Inc. announced cash dividend of TWD 74,751,741, each common share is entitled to receive TWD 0.15. Ex-rights (ex-dividend) trading date is June 16, 2023. Ex-rights (ex-dividend) record date is June 24, 2023. Payment date of cash dividend distribution is July 19, 2023. Reported Earnings • Mar 17
Full year 2022 earnings released: NT$0.17 loss per share (vs NT$8.01 profit in FY 2021) Full year 2022 results: NT$0.17 loss per share (down from NT$8.01 profit in FY 2021). Revenue: NT$9.30b (up 33% from FY 2021). Net loss: NT$83.6m (down 102% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$90.80, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 226% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$77.00, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 160% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Wen-Yuen Ken was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: NT$0.41 (vs NT$0.70 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.41 (up from NT$0.70 loss in 3Q 2021). Revenue: NT$2.60b (up 38% from 3Q 2021). Net income: NT$204.2m (up NT$548.6m from 3Q 2021). Profit margin: 7.9% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 17% share price gain to NT$70.60, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 24% share price decline to NT$60.00, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$76.10, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 131% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 18% share price gain to NT$92.40, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 182% over the past three years. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 24% share price gain to NT$90.50, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 189% over the past three years. Reported Earnings • Aug 05
Second quarter 2022 earnings released: NT$0.33 loss per share (vs NT$0.98 loss in 2Q 2021) Second quarter 2022 results: NT$0.33 loss per share (up from NT$0.98 loss in 2Q 2021). Revenue: NT$2.29b (up 42% from 2Q 2021). Net loss: NT$163.0m (loss narrowed 67% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to NT$60.30, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 28% share price gain to NT$54.60, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 57% over the past three years. Reported Earnings • May 05
First quarter 2022 earnings released: NT$0.26 loss per share (vs NT$3.38 profit in 1Q 2021) First quarter 2022 results: NT$0.26 loss per share (down from NT$3.38 profit in 1Q 2021). Revenue: NT$2.21b (up 41% from 1Q 2021). Net loss: NT$131.0m (down 108% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Wen-Yuen Ken was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 31
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (2.3%). Reported Earnings • Mar 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$8.01 (down from NT$9.57 in FY 2020). Revenue: NT$7.00b (up 7.7% from FY 2020). Net income: NT$3.96b (down 16% from FY 2020). Profit margin: 57% (down from 73% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 10
VIA Technologies, Inc. Announces for Cash Dividend VIA Technologies, Inc. announced cash dividend TWD 495,349,941, each common share is entitled to receive TWD 1 per share. Ex-rights (ex-dividend) trading date: April 7, 2022, Ex-rights (ex-dividend) record date: April 13, 2022. Book closure ending date: April 13, 2022. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$57.90, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 91% over the past three years. Reported Earnings • Nov 07
Third quarter 2021 earnings released: NT$0.70 loss per share (vs NT$0.082 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: NT$1.88b (up 8.9% from 3Q 2020). Net loss: NT$344.4m (loss widened NT$303.8m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 20% share price gain to NT$46.65, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 124% over the past three years. Upcoming Dividend • Aug 12
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 17 September 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (2.2%). Reported Earnings • Jul 31
Second quarter 2021 earnings released: NT$0.98 loss per share (vs NT$0.22 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$1.62b (up 7.2% from 2Q 2020). Net loss: NT$486.0m (loss widened 346% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$44.30, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 24% over the past three years. Reported Earnings • May 01
First quarter 2021 earnings released: EPS NT$3.38 (vs NT$0.01 in 1Q 2020) First quarter 2021 results: Revenue: NT$1.57b (up 3.5% from 1Q 2020). Net income: NT$1.67b (up NT$1.66b from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 145% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS NT$9.57 (vs NT$0.086 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$6.50b (up 18% from FY 2019). Net income: NT$4.72b (up NT$4.68b from FY 2019). Profit margin: 73% (up from 0.8% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 08
New 90-day low: NT$46.95 The company is down 5.0% from its price of NT$49.45 on 08 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: NT$54.30 The company is up 41% from its price of NT$38.50 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 25% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: NT$42.05 The company is up 1.0% from its price of NT$41.75 on 25 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 15% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.08 loss per share The company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.72b (up 23% from 3Q 2019). Net loss: NT$40.6m (down 381% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings.