New Risk • Jul 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 9.5% 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 Risks Earnings have declined by 25% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). Upcoming Dividend • Jul 11
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 15 July 2026. Payment date: 19 August 2026. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$82.20, the stock trades at a trailing P/E ratio of 41.5x. Average forward P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 122% over the past three years. Declared Dividend • Jun 27
Dividend reduced to NT$1.00 Dividend of NT$1.00 is 31% lower than last year. Ex-date: 15th July 2026 Payment date: 19th August 2026 Dividend yield will be 1.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.6% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$75.70, the stock trades at a trailing P/E ratio of 38.2x. Average forward P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$75.30, the stock trades at a trailing P/E ratio of 38x. Average forward P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 99% over the past three years. New Risk • May 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 25% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Reported Earnings • May 07
First quarter 2026 earnings released: EPS: NT$0.96 (vs NT$0.34 in 1Q 2025) First quarter 2026 results: EPS: NT$0.96 (up from NT$0.34 in 1Q 2025). Revenue: NT$2.94b (up 32% from 1Q 2025). Net income: NT$426.4m (up 180% from 1Q 2025). Profit margin: 14% (up from 6.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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 fallen by 33% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: NT$1.36 (vs NT$2.04 in FY 2024) Full year 2025 results: EPS: NT$1.36 (down from NT$2.04 in FY 2024). Revenue: NT$9.92b (up 11% from FY 2024). Net income: NT$602.6m (down 33% from FY 2024). Profit margin: 6.1% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% 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 fallen by 50% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 05
Formosa Advanced Technologies Co., Ltd., Annual General Meeting, Jun 25, 2026 Formosa Advanced Technologies Co., Ltd., Annual General Meeting, Jun 25, 2026. Location: no,380, sec.6 nan ching e. rd., taipei city Taiwan Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$56.30, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$46.40, the stock trades at a trailing P/E ratio of 58.9x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 40% over the past three years. New Risk • Nov 20
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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 184% Paying a dividend despite having no free cash flows. Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$44.60, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 33% over the past three years. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$0.61 (vs NT$0.28 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.61 (up from NT$0.28 in 3Q 2024). Revenue: NT$2.64b (up 27% from 3Q 2024). Net income: NT$271.2m (up 122% from 3Q 2024). Profit margin: 10% (up from 5.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Aug 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 8.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Reported Earnings • Aug 08
Second quarter 2025 earnings released: NT$0.50 loss per share (vs NT$0.64 profit in 2Q 2024) Second quarter 2025 results: NT$0.50 loss per share (down from NT$0.64 profit in 2Q 2024). Revenue: NT$2.10b (down 10% from 2Q 2024). Net loss: NT$222.1m (down 178% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 53% 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. Upcoming Dividend • Jul 15
Upcoming dividend of NT$1.45 per share Eligible shareholders must have bought the stock before 22 July 2025. Payment date: 22 August 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.2%). Declared Dividend • Jun 21
Dividend increased to NT$1.45 Dividend of NT$1.45 is 61% higher than last year. Ex-date: 22nd July 2025 Payment date: 22nd August 2025 Dividend yield will be 5.4%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 43% to shift the payout ratio to a potentially unsustainable range, which is more than the 13% EPS decline seen over the last 5 years. Reported Earnings • May 03
First quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.79 in 1Q 2024) First quarter 2025 results: EPS: NT$0.34 (down from NT$0.79 in 1Q 2024). Revenue: NT$230.2m (down 90% from 1Q 2024). Net income: NT$152.3m (down 56% from 1Q 2024). Profit margin: 66% (up from 15% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% 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. Tillkännagivande • Apr 25
Formosa Advanced Technologies Co., Ltd. to Report Q1, 2025 Results on May 02, 2025 Formosa Advanced Technologies Co., Ltd. announced that they will report Q1, 2025 results on May 02, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$23.35, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total loss to shareholders of 31% over the past three years. Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: NT$2.04 (vs NT$1.20 in FY 2023) Full year 2024 results: EPS: NT$2.04 (up from NT$1.20 in FY 2023). Revenue: NT$8.93b (up 17% from FY 2023). Net income: NT$900.3m (up 70% from FY 2023). Profit margin: 10% (up from 6.9% 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 37% 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. Tillkännagivande • Feb 27
Formosa Advanced Technologies Co., Ltd., Annual General Meeting, Jun 19, 2025 Formosa Advanced Technologies Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: no,380, sec.6 nan ching e. rd., taipei city Taiwan Tillkännagivande • Feb 19
Formosa Advanced Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025 Formosa Advanced Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: NT$0.28 (vs NT$0.099 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.28 (up from NT$0.099 in 3Q 2023). Revenue: NT$2.08b (up 27% from 3Q 2023). Net income: NT$122.2m (up 179% from 3Q 2023). Profit margin: 5.9% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher 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 5% per year, which means it has not declined as severely as earnings. Tillkännagivande • Oct 31
Formosa Advanced Technologies Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Formosa Advanced Technologies Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: NT$0.64 (vs NT$0.52 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.64 (up from NT$0.52 in 2Q 2023). Revenue: NT$2.34b (up 24% from 2Q 2023). Net income: NT$283.5m (up 23% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jul 25
Formosa Advanced Technologies Co., Ltd. to Report Q2, 2024 Results on Aug 02, 2024 Formosa Advanced Technologies Co., Ltd. announced that they will report Q2, 2024 results on Aug 02, 2024 Upcoming Dividend • Jul 23
Upcoming dividend of NT$0.90 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 28 August 2024. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.1%). New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 1.9% 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. Payout ratio: 185% Cash payout ratio: 207% Earnings have declined by 1.9% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (8.2% net profit margin). Reported Earnings • May 11
First quarter 2024 earnings released: EPS: NT$0.79 (vs NT$0.52 in 1Q 2023) First quarter 2024 results: EPS: NT$0.79 (up from NT$0.52 in 1Q 2023). Revenue: NT$2.36b (up 8.7% from 1Q 2023). Net income: NT$347.8m (up 50% from 1Q 2023). Profit margin: 15% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: NT$1.20 (vs NT$4.65 in FY 2022) Full year 2023 results: EPS: NT$1.20 (down from NT$4.65 in FY 2022). Revenue: NT$7.65b (down 27% from FY 2022). Net income: NT$530.2m (down 74% from FY 2022). Profit margin: 6.9% (down from 20% 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 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 24
Formosa Advanced Technologies Co., Ltd., Annual General Meeting, Jun 26, 2024 Formosa Advanced Technologies Co., Ltd., Annual General Meeting, Jun 26, 2024. Location: Courtyard by Marriott Taipei, No. 359, Section 7, Zhongxiao East Road, Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider audit Committee Review Report on the 2023 Financial Statements; to consider Report on 2023 Compensation of Employees and Directors; to consider the Distribution of 2023 Earnings of cash dividend Report; to consider 2023 Business Report and Financial Statements; to consider Proposal for distribution of 2023 earnings; and to consider other matters. Tillkännagivande • Feb 02
Formosa Advanced Technologies Co., Ltd. Announces Change of Chief Information Security Officer Formosa Advanced Technologies Co., Ltd. appointed Lin Yi-Jian/Department Assistant Manager of MIS Center of F.A.T.C. as Chief Information Security Officer in place of Huang Chung-Hou, effective February 2, 2024. Tillkännagivande • Dec 16
Formosa Advanced Technologies Co., Ltd. Appoints Chang Wu-Huang as Members of the Compensation Committee Formosa Advanced Technologies Co., Ltd. announced the appointment of Chang Wu-Huang as members of the compensation Committee, effective from December 15, 2023. New Risk • Nov 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.6% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (186% payout ratio). Profit margins are more than 30% lower than last year (9.6% net profit margin). Reported Earnings • Aug 03
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: NT$1.88b (down 30% from 2Q 2022). Net income: NT$230.9m (down 66% from 2Q 2022). Profit margin: 12% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 05
Upcoming dividend of NT$3.30 per share at 7.5% yield Eligible shareholders must have bought the stock before 12 July 2023. Payment date: 16 August 2023. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%). Tillkännagivande • Jun 15
Formosa Advanced Technologies Co., Ltd. Announces Distribution of Cash Dividend, Payable on August 16, 2023 Board of directors or shareholders meeting or decision by Formosa Advanced Technologies Co., Ltd. held on June 14, 2023. To be distributed with cash dividend of TWD 3.3 per share. Payment Date: August 16, 2023 Ex-rights (ex-dividend) record date: July 18, 2023. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: NT$4.65 (vs NT$3.52 in FY 2021) Full year 2022 results: EPS: NT$4.65 (up from NT$3.52 in FY 2021). Revenue: NT$10.4b (up 5.0% from FY 2021). Net income: NT$2.06b (up 32% from FY 2021). Profit margin: 20% (up from 16% in FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 8 non-independent directors. Independent Director Hsiao-Chen Chuang 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. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$1.42 (vs NT$0.94 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.42 (up from NT$0.94 in 3Q 2021). Revenue: NT$2.67b (up 9.1% from 3Q 2021). Net income: NT$626.8m (up 52% from 3Q 2021). Profit margin: 24% (up from 17% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 04
Formosa Advanced Technologies Co., Ltd. Appoints Chih-Hao Huang as Chief internal auditor Formosa Advanced Technologies Co., Ltd. approved the appointment of Chih-Hao Huang/Section Manager of Auditing Room of F.A.T.C as Chief internal auditor. Date of occurrence of the change is November 2, 2022. Tillkännagivande • Oct 28
Formosa Advanced Technologies Co., Ltd. Announces Change of Principal Accounting Officer Formosa Advanced Technologies Co., Ltd. appointed Lin Tsai-Hsien, Principal accounting officer of F.A.T.C. as Principal accounting officer in the place of Wu Jr VLiong, Section Manager of the Accounting Section. Effective from October 27, 2022. The company previously announced on 9/21that Ms. Lin Tsai-Hsien because due to the position adjustment, Mr. Wu Jr¡VLiong appointed as the acting principal accounting officer. Recently, due to the company's re-adjustment of the position, Ms. Lin Tsai-Hsien is still serving as the principal accounting officer. Tillkännagivande • Sep 23
Formosa Advanced Technologies Co., Ltd. Announces Removal of Lin Tsai-Hsien as Principal Accounting Officer Formosa Advanced Technologies Co., Ltd. announced the change of the Principal Accounting Officer. Name, title, and resume of the previous position holder: Lin Tsai-Hsien, Principal accounting officer of F.A.T.C. Name, title, and resume of the new position holder: To be approved by the Board of Directors in the near future. Reason for the change: position adjustment. Effective date is September 21, 2022. Any other matters that need to be specified: Before the board of directors approves the new candidate. The Company will be temporarily represented by Wu Jr¡VLiong, Section Manager of the Accounting Section. Tillkännagivande • Sep 20
Formosa Advanced Technologies Co., Ltd. Appoints Huang Chung-Hou as Chief Information Security Officer Formosa Advanced Technologies Co., Ltd. appointed Huang Chung-Hou/Department Manager of MIS Center of F.A.T.C. as Chief Information Security Officer, effective September 19, 2022. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: NT$1.55 (vs NT$0.81 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.55 (up from NT$0.81 in 2Q 2021). Revenue: NT$2.70b (up 9.4% from 2Q 2021). Net income: NT$685.3m (up 91% from 2Q 2021). Profit margin: 25% (up from 14% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 04
Formosa Advanced Technologies Co., Ltd. Promotes Chang Hsien Cheng to the Acting President The board of directors of Formosa Advanced Technologies Co., Ltd. approved the promotion of Mr. Chang Hsien Cheng, the Executive Vice President, to the Acting President on August 3, 2022. Upcoming Dividend • Jul 12
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 19 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.9%). Tillkännagivande • Jun 25
Formosa Advanced Technologies Co., Ltd. Announces New Chairman of the Company Formosa Advanced Technologies Co., Ltd. announced new chairman of the company. Name of the previous position holder: Wong Wen Yuan. Resume of the previous position holder: Chairman of Formosa advanced technologies Corporation. Name of the new position holder: Lee Pei-Ing. Resume of the new position holder: President of Nanya Technology Corporation. Effective date of the new appointment is June 24, 2022. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: NT$1.04 (vs NT$0.82 in 1Q 2021) First quarter 2022 results: EPS: NT$1.04 (up from NT$0.82 in 1Q 2021). Revenue: NT$2.56b (up 1.1% from 1Q 2021). Net income: NT$461.1m (up 28% from 1Q 2021). Profit margin: 18% (up from 14% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. 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. 7 non-independent directors. Independent Director Hsiao-Chen Chuang 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. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$3.52 (up from NT$3.17 in FY 2020). Revenue: NT$9.94b (up 2.4% from FY 2020). Net income: NT$1.56b (up 11% from FY 2020). Profit margin: 16% (up from 14% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Tillkännagivande • Feb 26
Formosa Advanced Technologies Co., Ltd., Annual General Meeting, Jun 24, 2022 Formosa Advanced Technologies Co., Ltd., Annual General Meeting, Jun 24, 2022. Location: 317, Shuliou Rd., Douliu 640, Yunlin County, Douliu Taiwan Agenda: To consider 2021 Business Report ; to consider Review Report on the 2021 Financial Statements; to consider Report on 2021 Compensation of Employees and Directors; to consider Proposal for distribution of 2021 earnings and to consider other matters. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS NT$0.94 (vs NT$0.80 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.45b (up 2.9% from 3Q 2020). Net income: NT$413.7m (up 17% from 3Q 2020). Profit margin: 17% (up from 15% in 3Q 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS NT$0.81 (vs NT$0.78 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$2.47b (up 3.3% from 2Q 2020). Net income: NT$358.5m (up 4.2% from 2Q 2020). Profit margin: 14% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 27
Upcoming dividend of NT$2.30 per share Eligible shareholders must have bought the stock before 03 August 2021. Payment date: 31 August 2021. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%). Reported Earnings • May 06
First quarter 2021 earnings released: EPS NT$0.82 (vs NT$0.88 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$2.53b (down 1.5% from 1Q 2020). Net income: NT$361.2m (down 6.8% from 1Q 2020). Profit margin: 14% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 17
Formosa Advanced Technologies Co., Ltd., Annual General Meeting, Jun 25, 2021 Formosa Advanced Technologies Co., Ltd., Annual General Meeting, Jun 25, 2021. Is New 90 Day High Low • Mar 03
New 90-day high: NT$39.00 The company is up 3.0% from its price of NT$38.00 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 22% over the same period. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS NT$3.17 (vs NT$2.86 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$9.71b (up 2.6% from FY 2019). Net income: NT$1.40b (up 11% from FY 2019). Profit margin: 14% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 14
New 90-day high: NT$38.80 The company is up 10.0% from its price of NT$35.40 on 16 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 34% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: NT$36.45 The company is up 2.0% from its price of NT$35.85 on 18 August 2020. The Taiwanese market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Semiconductor industry, which is up 5.0% over the same period. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS NT$0.80 The company reported a soft third quarter result with weaker revenues, although earnings and profit margins were flat. Third quarter 2020 results: Revenue: NT$2.38b (down 3.1% from 3Q 2019). Net income: NT$354.9m (flat on 3Q 2019). Profit margin: 15% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.