Upcoming Dividend • Apr 03
Upcoming dividend of NT$6.00 per share Eligible shareholders must have bought the stock before 10 April 2026. Payment date: 06 May 2026. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.7%). Declared Dividend • Mar 16
Dividend reduced to NT$6.00 Dividend of NT$6.00 is 14% lower than last year. Ex-date: 10th April 2026 Payment date: 6th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is well covered by cash flows (47% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control, which is more than the 17% EPS growth achieved over the last 5 years. Tillkännagivande • Mar 05
Netronix, Inc., Annual General Meeting, Jun 12, 2026 Netronix, Inc., Annual General Meeting, Jun 12, 2026. Location: b1 floor no,945, po ai st., jhubei city, hsinchu county Taiwan Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$2.10 (vs NT$1.34 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.10 (up from NT$1.34 in 3Q 2024). Revenue: NT$2.30b (up 26% from 3Q 2024). Net income: NT$180.9m (up 57% from 3Q 2024). Profit margin: 7.9% (up from 6.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$139, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 176% over the past three years. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$0.45 (vs NT$2.17 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.45 (down from NT$2.17 in 2Q 2024). Revenue: NT$2.06b (up 3.8% from 2Q 2024). Net income: NT$38.7m (down 79% from 2Q 2024). Profit margin: 1.9% (down from 9.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to NT$118. The fair value is estimated to be NT$98.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 28%. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$118, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 187% over the past three years. Buy Or Sell Opportunity • May 14
Now 21% overvalued Over the last 90 days, the stock has fallen 5.4% to NT$115. The fair value is estimated to be NT$94.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 28%. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: NT$1.17 (vs NT$1.51 in 1Q 2024) First quarter 2025 results: EPS: NT$1.17 (down from NT$1.51 in 1Q 2024). Revenue: NT$1.60b (up 19% from 1Q 2024). Net income: NT$100.4m (down 23% from 1Q 2024). Profit margin: 6.3% (down from 9.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 29% per year. Tillkännagivande • May 01
Netronix, Inc. to Report Q1, 2025 Results on May 09, 2025 Netronix, Inc. announced that they will report Q1, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$110, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 151% over the past three years. Upcoming Dividend • Apr 05
Upcoming dividend of NT$7.00 per share Eligible shareholders must have bought the stock before 11 April 2025. Payment date: 08 May 2025. Payout ratio and cash payout ratio are on the higher end at 96% and 91% respectively. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (4.1%). New Risk • Mar 19
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 91% Dividend yield: 5.3% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 91% Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Tillkännagivande • Mar 05
Netronix, Inc., Annual General Meeting, Jun 13, 2025 Netronix, Inc., Annual General Meeting, Jun 13, 2025. Location: b1 floor no,945, po ai st., jhubei city, hsinchu county Taiwan Tillkännagivande • Feb 25
Netronix, Inc. to Report Fiscal Year 2024 Results on Mar 04, 2025 Netronix, Inc. announced that they will report fiscal year 2024 results on Mar 04, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$1.34 (vs NT$2.10 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.34 (down from NT$2.10 in 3Q 2023). Revenue: NT$1.82b (flat on 3Q 2023). Net income: NT$115.3m (down 36% from 3Q 2023). Profit margin: 6.3% (down from 10.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. Buy Or Sell Opportunity • Oct 28
Now 22% undervalued Over the last 90 days, the stock has risen 2.5% to NT$123. The fair value is estimated to be NT$158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 23%. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$149, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 199% over the past three years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: NT$2.17 (vs NT$0.89 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.17 (up from NT$0.89 in 2Q 2023). Revenue: NT$1.98b (up 21% from 2Q 2023). Net income: NT$186.6m (up 145% from 2Q 2023). Profit margin: 9.4% (up from 4.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$103, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 142% over the past three years. Tillkännagivande • Aug 02
Netronix, Inc. to Report Q2, 2024 Results on Aug 09, 2024 Netronix, Inc. announced that they will report Q2, 2024 results on Aug 09, 2024 Upcoming Dividend • May 31
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). In line with average of industry peers (2.9%). Tillkännagivande • May 25
Netronix, Inc. Announces Cash Dividend, Payable on June 28, 2024 Netronix, Inc. announced cash dividend of TWD 4.00 per share. Ex-rights (Ex-dividend) date is June 7, 2024, Ex-rights (Ex-dividend) record date is June 16, 2024 and Payment date of cash dividend distribution is June 28, 2024. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$1.51 (vs NT$0.31 in 1Q 2023) First quarter 2024 results: EPS: NT$1.51 (up from NT$0.31 in 1Q 2023). Revenue: NT$1.34b (down 15% from 1Q 2023). Net income: NT$130.0m (up 388% from 1Q 2023). Profit margin: 9.7% (up from 1.7% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$125, the stock trades at a trailing P/E ratio of 29x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 221% over the past three years. Tillkännagivande • Apr 28
Netronix, Inc. to Report Q1, 2024 Results on May 03, 2024 Netronix, Inc. announced that they will report Q1, 2024 results on May 03, 2024 Buy Or Sell Opportunity • Apr 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to NT$109. The fair value is estimated to be NT$89.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 13%. New Risk • Apr 17
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 Dividend is not well covered by earnings (93% payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Buy Or Sell Opportunity • Mar 07
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to NT$111. The fair value is estimated to be NT$89.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Mar 07
Full year 2023 earnings released Full year 2023 results: Revenue: NT$6.65b (up 6.0% from FY 2022). Net income: NT$371.0m (up 8.2% from FY 2022). Profit margin: 5.6% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue. Tillkännagivande • Mar 06
Netronix, Inc., Annual General Meeting, Jun 07, 2024 Netronix, Inc., Annual General Meeting, Jun 07, 2024. Location: B1F, No. 945, Boai St, Jubei City Hsinchu Taiwan Agenda: To report the business of 2023; to report the cash dividend distribution of 2023; to adopt 2023 Business Report and Financial Statements; to consider and approve audit Committee's Review Report of 2023; to consider and approve re-election of the members of the Board of Directors; and to consider and approve other matters of business. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$104, the stock trades at a trailing P/E ratio of 23.5x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 184% over the past three years. Buying Opportunity • Dec 21
Now 21% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be NT$115, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$103, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 201% over the past three years. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$2.10 (vs NT$1.61 in 3Q 2022) Third quarter 2023 results: EPS: NT$2.10 (up from NT$1.61 in 3Q 2022). Revenue: NT$1.82b (up 14% from 3Q 2022). Net income: NT$180.9m (up 38% from 3Q 2022). Profit margin: 10.0% (up from 8.3% in 3Q 2022). The increase in margin 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 increased by 38% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 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 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% 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. Share price has been volatile over the past 3 months (5.8% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$81.40, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 165% over the past three years. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 2.0% 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 2.0% 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. Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.89 (vs NT$0.70 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.89 (up from NT$0.70 in 2Q 2022). Revenue: NT$1.65b (up 35% from 2Q 2022). Net income: NT$76.3m (up 34% from 2Q 2022). Profit margin: 4.6% (down from 4.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 03
Upcoming dividend of NT$3.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 31 August 2023. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%). New Risk • Jun 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Reported Earnings • May 08
Full year 2022 earnings released: EPS: NT$4.20 (vs NT$3.33 in FY 2021) Full year 2022 results: EPS: NT$4.20 (up from NT$3.33 in FY 2021). Revenue: NT$6.27b (up 13% from FY 2021). Net income: NT$342.7m (up 26% from FY 2021). Profit margin: 5.5% (up from 4.9% in FY 2021). The increase in margin was 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 increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$97.60, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 286% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$87.80, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 189% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 16% share price gain to NT$74.40, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 125% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$1.61 (vs NT$0.53 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.61 (up from NT$0.53 in 3Q 2021). Revenue: NT$1.59b (up 40% from 3Q 2021). Net income: NT$131.6m (up 203% from 3Q 2021). Profit margin: 8.3% (up from 3.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$1.61 (vs NT$0.53 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.61 (up from NT$0.53 in 3Q 2021). Revenue: NT$1.59b (up 40% from 3Q 2021). Net income: NT$131.6m (up 203% from 3Q 2021). Profit margin: 8.3% (up from 3.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$55.80, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 61% over the past three years. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: NT$0.70 (vs NT$0.48 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.70 (up from NT$0.48 in 2Q 2021). Revenue: NT$1.22b (down 4.6% from 2Q 2021). Net income: NT$56.8m (up 46% from 2Q 2021). Profit margin: 4.7% (up from 3.1% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 04
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 30 August 2022. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (7.4%). Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 19% share price gain to NT$64.00, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 68% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.73 (vs NT$1.01 in 1Q 2021) First quarter 2022 results: EPS: NT$0.73 (down from NT$1.01 in 1Q 2021). Revenue: NT$1.22b (down 12% from 1Q 2021). Net income: NT$59.8m (down 28% from 1Q 2021). Profit margin: 4.9% (down from 6.0% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS NT$0.53 (vs NT$0.54 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$1.14b (down 12% from 3Q 2020). Net income: NT$43.4m (down 3.5% from 3Q 2020). Profit margin: 3.8% (up from 3.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$50.60, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 18% share price gain to NT$48.55, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 20% share price decline to NT$52.10, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 50% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.48 (vs NT$1.01 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.27b (down 11% from 2Q 2020). Net income: NT$38.9m (down 53% from 2Q 2020). Profit margin: 3.1% (down from 5.8% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 04
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 11 August 2021. Payment date: 30 August 2021. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (5.2%). Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 22% share price gain to NT$62.10, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 82% over the past three years. Reported Earnings • May 05
First quarter 2021 earnings released: EPS NT$1.01 (vs NT$0.38 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.39b (up 41% from 1Q 2020). Net income: NT$82.6m (up 165% from 1Q 2020). Profit margin: 6.0% (up from 3.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS NT$2.97 (vs NT$3.03 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$5.36b (down 4.8% from FY 2019). Net income: NT$243.6m (down 3.1% from FY 2019). Profit margin: 4.5% (in line with FY 2019). 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 9% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 04
New 90-day high: NT$39.80 The company is up 15% from its price of NT$34.70 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: NT$39.75 The company is up 16% from its price of NT$34.40 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: NT$37.75 The company is up 2.0% from its price of NT$36.85 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is flat over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS NT$0.54 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.29b (down 11% from 3Q 2019). Net income: NT$45.0m (down 31% from 3Q 2019). Profit margin: 3.5% (down from 4.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.