Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$39.20, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 38x in the Communications industry in Taiwan. Total returns to shareholders of 86% over the past three years. Reported Earnings • May 18
First quarter 2026 earnings released: EPS: NT$0.37 (vs NT$0.18 loss in 1Q 2025) First quarter 2026 results: EPS: NT$0.37 (up from NT$0.18 loss in 1Q 2025). Revenue: NT$357.1m (up 80% from 1Q 2025). Net income: NT$38.6m (up NT$57.6m from 1Q 2025). Profit margin: 11% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$44.65, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 33x in the Communications industry in Taiwan. Total returns to shareholders of 120% over the past three years. New Risk • Feb 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 65% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Feb 07
Full year 2025 earnings released: EPS: NT$1.02 (vs NT$0.073 in FY 2024) Full year 2025 results: EPS: NT$1.02 (up from NT$0.073 in FY 2024). Revenue: NT$1.35b (up 65% from FY 2024). Net income: NT$107.7m (up NT$100.1m from FY 2024). Profit margin: 8.0% (up from 0.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 29
United Fiber Optic Communication Inc., Annual General Meeting, Apr 30, 2026 United Fiber Optic Communication Inc., Annual General Meeting, Apr 30, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,397, hsing shan rd., neihu district, taipei city Taiwan Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$42.80, the stock trades at a trailing P/E ratio of 72.2x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 234% over the past three years. New Risk • Nov 26
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 8.8% 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 (8.8% average weekly change). Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin). Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to NT$39.95, the stock trades at a trailing P/E ratio of 67.4x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 175% over the past three years. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$0.82 (vs NT$0.21 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.82 (up from NT$0.21 loss in 3Q 2024). Revenue: NT$439.0m (up 105% from 3Q 2024). Net income: NT$86.0m (up NT$107.6m from 3Q 2024). Profit margin: 20% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Nov 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.07b (US$99.2m) 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 Risk Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (NT$3.07b market cap, or US$99.2m). Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$0.18 (vs NT$0.75 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.18 (down from NT$0.75 in 2Q 2024). Revenue: NT$390.1m (up 69% from 2Q 2024). Net income: NT$19.4m (down 75% from 2Q 2024). Profit margin: 5.0% (down from 34% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Jul 11
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 7.1% 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 Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (NT$2.64b market cap, or US$90.4m). Reported Earnings • May 09
First quarter 2025 earnings released: NT$0.18 loss per share (vs NT$0.24 loss in 1Q 2024) First quarter 2025 results: NT$0.18 loss per share (improved from NT$0.24 loss in 1Q 2024). Revenue: NT$198.2m (up 36% from 1Q 2024). Net loss: NT$19.0m (loss narrowed 25% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 27
United Fiber Optic Communication Inc. to Report Q1, 2025 Results on May 05, 2025 United Fiber Optic Communication Inc. announced that they will report Q1, 2025 results on May 05, 2025 New Risk • Apr 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 111% 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 Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$3.08b market cap, or US$92.6m). New Risk • Mar 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.27b (US$98.6m) 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 Risk Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$3.27b market cap, or US$98.6m). Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.07 (vs NT$0.28 in FY 2023) Full year 2024 results: EPS: NT$0.07 (down from NT$0.28 in FY 2023). Revenue: NT$821.5m (up 19% from FY 2023). Net income: NT$7.59m (down 73% from FY 2023). Profit margin: 0.9% (down from 4.0% in FY 2023). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 01
United Fiber Optic Communication Inc. to Report Fiscal Year 2024 Results on Mar 10, 2025 United Fiber Optic Communication Inc. announced that they will report fiscal year 2024 results on Mar 10, 2025 Tillkännagivande • Feb 11
United Fiber Optic Communication Inc., Annual General Meeting, May 05, 2025 United Fiber Optic Communication Inc., Annual General Meeting, May 05, 2025. Location: 3 floor no,397, hsing shan rd., neihu district, taipei city Taiwan Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$40.40, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 36x in the Communications industry in Taiwan. Total returns to shareholders of 128% over the past three years. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% This is considered a major 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 (9.6% average weekly change). High level of non-cash earnings (49% accrual ratio). Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$34.90, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 31x in the Communications industry in Taiwan. Total returns to shareholders of 102% over the past three years. New Risk • Jan 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 47% 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 (11% average weekly change). High level of non-cash earnings (49% accrual ratio). Minor Risk Shareholders have been diluted in the past year (47% increase in shares outstanding). Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.21 loss per share (vs NT$0.073 loss in 3Q 2023) Third quarter 2024 results: NT$0.21 loss per share (further deteriorated from NT$0.073 loss in 3Q 2023). Revenue: NT$213.9m (up 12% from 3Q 2023). Net loss: NT$21.5m (loss widened 184% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$43.65, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 177% over the past three years. Tillkännagivande • Oct 26
United Fiber Optic Communication Inc. to Report Q3, 2024 Results on Nov 04, 2024 United Fiber Optic Communication Inc. announced that they will report Q3, 2024 results on Nov 04, 2024 Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$45.45, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 25x in the Communications industry in Taiwan. Total returns to shareholders of 187% over the past three years. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$30.35, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 131% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$28.75, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 157% over the past three years. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: NT$0.75 (vs NT$0.19 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.75 (up from NT$0.19 loss in 2Q 2023). Revenue: NT$231.5m (up 116% from 2Q 2023). Net income: NT$78.5m (up NT$98.2m from 2Q 2023). Profit margin: 34% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 27
United Fiber Optic Communication Inc. to Report Q2, 2024 Results on Aug 05, 2024 United Fiber Optic Communication Inc. announced that they will report Q2, 2024 results on Aug 05, 2024 Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$20.70, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 27x in the Communications industry in Taiwan. Total returns to shareholders of 85% over the past three years. Tillkännagivande • Apr 28
United Fiber Optic Communication Inc. to Report Q1, 2024 Results on May 06, 2024 United Fiber Optic Communication Inc. announced that they will report Q1, 2024 results on May 06, 2024 Tillkännagivande • Apr 10
United Fiber Optic Communication Inc. announced that it expects to receive TWD 30 million in funding United Fiber Optic Communication Inc. announced a private placement of of TWD 30 million on April 8, 2024. The transaction has been approved by the shareholders of the company. Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: NT$0.28 (vs NT$0.80 loss in FY 2022) Full year 2023 results: EPS: NT$0.28 (up from NT$0.80 loss in FY 2022). Revenue: NT$687.9m (down 16% from FY 2022). Net income: NT$27.7m (up NT$100.1m from FY 2022). Profit margin: 4.0% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 20
United Fiber Optic Communication Inc., Annual General Meeting, May 06, 2024 United Fiber Optic Communication Inc., Annual General Meeting, May 06, 2024. Location: B1, No. 60, Lane 321, Yangguang Street, Neihu District, (Les enphants Co.,Ltd. Building) Taipei City Taiwan Agenda: to consider the Operating Report of the year 2023; to consider the Audit Committee Review Report of the year 2023; to consider the Report on Directors' Compensation for the year 2023; to consider the Approval of the 2023 Operating Report and Financial Statements; and to discuss other matters. Reported Earnings • Aug 10
Second quarter 2023 earnings released: NT$0.19 loss per share (vs NT$0.91 loss in 2Q 2022) Second quarter 2023 results: NT$0.19 loss per share (improved from NT$0.91 loss in 2Q 2022). Revenue: NT$107.3m (down 40% from 2Q 2022). Net loss: NT$19.7m (loss narrowed 65% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2022 earnings released: NT$0.80 loss per share (vs NT$0.51 loss in FY 2021) Full year 2022 results: NT$0.80 loss per share (further deteriorated from NT$0.51 loss in FY 2021). Revenue: NT$819.1m (flat on FY 2021). Net loss: NT$72.5m (loss widened 130% from FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: NT$0.009 loss per share (vs NT$0.12 profit in 3Q 2021) Third quarter 2022 results: NT$0.009 loss per share (down from NT$0.12 profit in 3Q 2021). Revenue: NT$250.3m (down 8.6% from 3Q 2021). Net loss: NT$795.0k (down 107% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: NT$0.008 loss per share (vs NT$0.12 profit in 3Q 2021) Third quarter 2022 results: NT$0.008 loss per share (down from NT$0.12 profit in 3Q 2021). Revenue: NT$250.3m (down 8.6% from 3Q 2021). Net loss: NT$795.0k (down 107% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2022 earnings released: NT$0.62 loss per share (vs NT$0.043 loss in 2Q 2021) Second quarter 2022 results: NT$0.62 loss per share (down from NT$0.043 loss in 2Q 2021). Revenue: NT$179.6m (up 31% from 2Q 2021). Net loss: NT$56.5m (loss widened NT$52.6m from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Reported Earnings • May 19
First quarter 2022 earnings released: NT$0.16 loss per share (vs NT$0.054 loss in 1Q 2021) First quarter 2022 results: NT$0.16 loss per share (down from NT$0.054 loss in 1Q 2021). Revenue: NT$151.5m (down 33% from 1Q 2021). Net loss: NT$14.3m (loss widened 191% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2021 earnings released: NT$0.35 loss per share (vs NT$1.82 loss in FY 2020) Full year 2021 results: NT$0.35 loss per share (up from NT$1.82 loss in FY 2020). Revenue: NT$812.9m (down 20% from FY 2020). Net loss: NT$31.5m (loss narrowed 81% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.12 (vs NT$0.77 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$273.8m (up 84% from 3Q 2020). Net income: NT$10.8m (up NT$80.8m from 3Q 2020). Profit margin: 4.0% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: NT$0.05 loss per share (vs NT$0.74 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: NT$137.6m (down 49% from 2Q 2020). Net loss: NT$3.90m (loss narrowed 94% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
First quarter 2021 earnings released: NT$0.05 loss per share (vs NT$0.05 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: NT$225.8m (down 37% from 1Q 2020). Net loss: NT$4.91m (loss widened 9.8% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2020 earnings released: NT$1.82 loss per share (vs NT$0.42 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$1.02b (up 20% from FY 2019). Net loss: NT$164.1m (loss widened 334% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 04
New 90-day high: NT$9.38 The company is up 14% from its price of NT$8.25 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 26% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.77 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$148.9m (down 15% from 3Q 2019). Net loss: NT$69.9m (loss widened 289% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 29
New 90-day low: NT$7.72 The company is down 19% from its price of NT$9.50 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is flat over the same period. Is New 90 Day High Low • Oct 08
New 90-day low: NT$8.12 The company is down 23% from its price of NT$10.50 on 10 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 6.0% over the same period. 