Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$24.00, the stock trades at a trailing P/E ratio of 77.2x. Average trailing P/E is 24x in the Software industry in Taiwan. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$23.00, the stock trades at a trailing P/E ratio of 73.9x. Average trailing P/E is 25x in the Software industry in Taiwan. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$19.30, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 24x in the Software industry in Taiwan. Total returns to shareholders of 45% over the past three years. Tillkännagivande • Mar 10
ThroughTek Co., Ltd., Annual General Meeting, Jun 05, 2026 ThroughTek Co., Ltd., Annual General Meeting, Jun 05, 2026, at 10:00 Taipei Standard Time. Location: 4 floor building. e no,19-11, san ch`ung rd., nangang district, taipei city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (NT$432.9m market cap, or US$13.8m). Board Change • Feb 25
No independent 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. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to NT$16.10, the stock trades at a trailing P/E ratio of 51.8x. Average trailing P/E is 25x in the Software industry in Taiwan. Total returns to shareholders of 16% over the past three years. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: NT$0.14 (vs NT$1.17 loss in FY 2023) Full year 2024 results: EPS: NT$0.14 (up from NT$1.17 loss in FY 2023). Revenue: NT$268.0m (up 72% from FY 2023). Net income: NT$3.65m (up NT$34.1m from FY 2023). Profit margin: 1.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to NT$16.90. The fair value is estimated to be NT$21.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Meanwhile, the company became loss making. Tillkännagivande • Apr 02
ThroughTek Co., Ltd., Annual General Meeting, Jun 20, 2025 ThroughTek Co., Ltd., Annual General Meeting, Jun 20, 2025, at 10:00 Taipei Standard Time. Location: 4 floor building. e no,19-11, san ch`ung rd., nangang district, taipei city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.1% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (NT$649.0m market cap, or US$19.7m). New Risk • Feb 06
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: Major Risk Earnings have declined by 6.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$634.2m market cap, or US$19.3m). Buy Or Sell Opportunity • Aug 22
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to NT$19.95. The fair value is estimated to be NT$25.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 6.1% 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 6.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (NT$583.5m market cap, or US$18.1m). New Risk • May 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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 Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Revenue is less than US$5m (NT$156m revenue, or US$4.8m). Market cap is less than US$100m (NT$686.4m market cap, or US$21.2m). Reported Earnings • May 04
Full year 2023 earnings released: NT$1.17 loss per share (vs NT$1.29 loss in FY 2022) Full year 2023 results: NT$1.17 loss per share (improved from NT$1.29 loss in FY 2022). Revenue: NT$156.3m (up 26% from FY 2022). Net loss: NT$30.5m (loss narrowed 9.2% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 28
ThroughTek Co., Ltd., Annual General Meeting, Jun 14, 2024 ThroughTek Co., Ltd., Annual General Meeting, Jun 14, 2024. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Revenue is less than US$5m (NT$129m revenue, or US$4.1m). Market cap is less than US$100m (NT$652.0m market cap, or US$20.6m). Reported Earnings • Apr 08
Full year 2022 earnings released: NT$1.29 loss per share (vs NT$0.17 profit in FY 2021) Full year 2022 results: NT$1.29 loss per share (down from NT$0.17 profit in FY 2021). Revenue: NT$124.3m (down 18% from FY 2021). Net loss: NT$33.5m (down NT$37.9m from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 20
Full year 2021 earnings released Full year 2021 results: Revenue: NT$151.2m (down 24% from FY 2020). Net income: NT$4.32m (down 67% from FY 2020). Profit margin: 2.9% (down from 6.5% in FY 2020). Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$19.15, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 17x in the Software industry in Taiwan. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 20% share price gain to NT$23.45, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 18x in the Software industry in Taiwan. Total returns to shareholders of 121% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 18% share price gain to NT$21.25, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 18x in the Software industry in Taiwan. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$18.30, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 18x in the Software industry in Taiwan. Total returns to shareholders of 8.9% over the past three years. Reported Earnings • Aug 13
First half 2021 earnings released: EPS NT$0.11 (vs NT$0.058 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: NT$72.8m (down 15% from 1H 2020). Net income: NT$2.89m (up 90% from 1H 2020). Profit margin: 4.0% (up from 1.8% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$19.40, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 17x in the Software industry in Taiwan. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 17% share price gain to NT$28.45, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 18x in the Software industry in Taiwan. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improved over the past week After last week's 35% share price gain to NT$23.95, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 18x in the Software industry in Taiwan. Total returns to shareholders of 38% over the past three years. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS NT$0.50 (vs NT$1.25 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$199.8m (up 42% from FY 2019). Net income: NT$13.0m (up NT$45.5m from FY 2019). Profit margin: 6.5% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 03
New 90-day high: NT$18.25 The company is up 21% from its price of NT$15.05 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day high: NT$16.10 The company is up 2.0% from its price of NT$15.75 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is flat over the same period. Is New 90 Day High Low • Dec 25
New 90-day low: NT$13.50 The company is down 16% from its price of NT$16.00 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 09
New 90-day low: NT$13.85 The company is down 16% from its price of NT$16.45 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 9.0% over the same period.