Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to NT$92.60, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 39x in the Semiconductor industry in Taiwan. Total returns to shareholders of 250% over the past three years. New Risk • Aug 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 03
Second quarter 2026 earnings released: EPS: NT$1.15 (vs NT$0.54 loss in 2Q 2025) Second quarter 2026 results: EPS: NT$1.15 (up from NT$0.54 loss in 2Q 2025). Revenue: NT$583.8m (up 52% from 2Q 2025). Net income: NT$101.6m (up NT$149.5m from 2Q 2025). Profit margin: 17% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. New Risk • Jun 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 34% 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 (3.6% net profit margin). New Risk • Jun 12
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 (3.1% net profit margin). Declared Dividend • May 29
Dividend reduced to NT$0.40 Dividend of NT$0.40 is 20% lower than last year. Ex-date: 11th June 2026 Payment date: 10th July 2026 Dividend yield will be 0.5%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 80%. Cash payout ratio: 464%. Reported Earnings • May 13
First quarter 2026 earnings released: EPS: NT$0.45 (vs NT$0.34 in 1Q 2025) First quarter 2026 results: EPS: NT$0.45 (up from NT$0.34 in 1Q 2025). Revenue: NT$419.7m (up 20% from 1Q 2025). Net income: NT$39.7m (up 33% from 1Q 2025). Profit margin: 9.5% (up from 8.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$36.85, the stock trades at a trailing P/E ratio of 73.4x. Average trailing P/E is 41x in the Semiconductor industry in Taiwan. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$31.15, the stock trades at a trailing P/E ratio of 62.1x. Average trailing P/E is 37x in the Semiconductor industry in Taiwan. Total returns to shareholders of 19% over the past three years. New Risk • Mar 04
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 162% Dividend per share is over 5x cash flows per share. Dividend yield: 1.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Dividend per share is over 5x cash flows per share. Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (NT$2.47b market cap, or US$78.0m). Tillkännagivande • Mar 02
Ever Ohms Technology Co.,Ltd., Annual General Meeting, May 26, 2026 Ever Ohms Technology Co.,Ltd., Annual General Meeting, May 26, 2026, at 10:00 Taipei Standard Time. Location: 2 floor no,3, nan szu rd., cianjhen district, kaohsiung city Taiwan Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: NT$0.50 (vs NT$0.64 in FY 2024) Full year 2025 results: EPS: NT$0.50 (down from NT$0.64 in FY 2024). Revenue: NT$1.43b (up 13% from FY 2024). Net income: NT$44.4m (down 22% from FY 2024). Profit margin: 3.1% (down from 4.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Jan 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 6.6% 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: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$2.90b market cap, or US$91.6m). New Risk • Nov 06
New major risk - Revenue and earnings growth Earnings have declined by 36% 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 36% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.47b market cap, or US$80.0m). Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$0.45 (vs NT$0.20 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.45 (up from NT$0.20 in 3Q 2024). Revenue: NT$365.4m (up 5.1% from 3Q 2024). Net income: NT$39.6m (up 123% from 3Q 2024). Profit margin: 11% (up from 5.1% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Aug 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 58% 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. Market cap is less than US$100m (NT$2.58b market cap, or US$86.4m). Reported Earnings • Aug 01
Second quarter 2025 earnings released: NT$0.54 loss per share (vs NT$0.32 profit in 2Q 2024) Second quarter 2025 results: NT$0.54 loss per share (down from NT$0.32 profit in 2Q 2024). Revenue: NT$384.2m (up 15% from 2Q 2024). Net loss: NT$47.8m (down 267% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% 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. Upcoming Dividend • Jun 06
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.4%). Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.051 in 1Q 2024) First quarter 2025 results: EPS: NT$0.34 (up from NT$0.051 in 1Q 2024). Revenue: NT$350.7m (up 37% from 1Q 2024). Net income: NT$29.8m (up NT$25.3m from 1Q 2024). Profit margin: 8.5% (up from 1.8% in 1Q 2024). 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 60 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 01
Ever Ohms Technology Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025 Ever Ohms Technology Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Apr 23
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: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$2.88b market cap, or US$88.4m). Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to NT$32.70, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$24.80, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 46% over the past three years. Tillkännagivande • Mar 07
Ever Ohms Technology Co.,Ltd., Annual General Meeting, May 27, 2025 Ever Ohms Technology Co.,Ltd., Annual General Meeting, May 27, 2025. Location: 2 floor no,3, nan szu rd., cianjhen district, kaohsiung city Taiwan 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 6.7% 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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.15b market cap, or US$97.1m). Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: NT$0.20 (vs NT$0.11 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.20 (up from NT$0.11 in 3Q 2023). Revenue: NT$347.5m (up 29% from 3Q 2023). Net income: NT$17.7m (up 89% from 3Q 2023). Profit margin: 5.1% (up from 3.5% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. New Risk • Oct 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$98.8m) 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 157% Earnings have declined by 29% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.17b market cap, or US$98.8m). Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: NT$0.32 (vs NT$0.34 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.32 (up from NT$0.34 loss in 2Q 2023). Revenue: NT$332.8m (up 43% from 2Q 2023). Net income: NT$28.7m (up NT$58.9m from 2Q 2023). Profit margin: 8.6% (up from net loss in 2Q 2023). New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.23b (US$99.1m) 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). 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. Earnings have declined by 27% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.23b market cap, or US$99.1m). Tillkännagivande • Aug 02
Ever Ohms Technology Co.,Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Ever Ohms Technology Co.,Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 New Risk • Jun 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 6.8% 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 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. Earnings have declined by 27% 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$3.02b market cap, or US$93.6m). Tillkännagivande • May 09
Ever Ohms Technology Co.,Ltd. announced a financing transaction Ever Ohms Technology Co.,Ltd. announced a private placement of 20,000,000 common shares on May 7, 2024. The transaction has been approved by the shareholders of the company. New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings have declined by 2.8% 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 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. Earnings have declined by 2.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.13b market cap, or US$67.8m). Reported Earnings • Aug 04
Second quarter 2023 earnings released: NT$0.34 loss per share (vs NT$0.60 profit in 2Q 2022) Second quarter 2023 results: NT$0.34 loss per share (down from NT$0.60 profit in 2Q 2022). Revenue: NT$232.0m (down 26% from 2Q 2022). Net loss: NT$30.3m (down 163% from profit in 2Q 2022). Upcoming Dividend • Jun 12
Upcoming dividend of NT$1.10 per share at 4.0% yield Eligible shareholders must have bought the stock before 19 June 2023. Payment date: 07 July 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$0.31 (vs NT$0.62 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.31 (down from NT$0.62 in 3Q 2021). Revenue: NT$238.1m (down 31% from 3Q 2021). Net income: NT$25.9m (down 48% from 3Q 2021). Profit margin: 11% (down from 14% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Semiconductor industry in Taiwan. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$29.40, the stock trades at a trailing P/E ratio of 11.6x. Average forward P/E is 11x in the Semiconductor industry in Taiwan. Total loss to shareholders of 23% over the past year. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: NT$0.60 (vs NT$0.72 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.60 (down from NT$0.72 in 2Q 2021). Revenue: NT$312.7m (down 3.1% from 2Q 2021). Net income: NT$47.9m (down 16% from 2Q 2021). Profit margin: 15% (down from 18% in 2Q 2021). Upcoming Dividend • Jun 07
Upcoming dividend of NT$1.60 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 06 July 2022. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (6.0%). In line with average of industry peers (3.0%). Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$2.25 (up from NT$0.51 in FY 2020). Revenue: NT$1.27b (up 44% from FY 2020). Net income: NT$179.2m (up 339% from FY 2020). Profit margin: 14% (up from 4.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improved over the past week After last week's 22% share price gain to NT$54.90, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan.