Reported Earnings • Mar 31
Full year 2025 earnings released: NT$1.19 loss per share (vs NT$0.57 loss in FY 2024) Full year 2025 results: NT$1.19 loss per share (further deteriorated from NT$0.57 loss in FY 2024). Revenue: NT$1.19b (down 7.9% from FY 2024). Net loss: NT$81.7m (loss widened 109% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 12
Cipherlab Co.,Ltd., Annual General Meeting, Jun 16, 2026 Cipherlab Co.,Ltd., Annual General Meeting, Jun 16, 2026. Location: r2 floor no,196, sec.3 ta t`ung rd., sijhih district, new taipei city Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$0.21 loss per share (vs NT$0.22 loss in 3Q 2024) Third quarter 2025 results: NT$0.21 loss per share (improved from NT$0.22 loss in 3Q 2024). Revenue: NT$275.1m (down 17% from 3Q 2024). Net loss: NT$14.7m (flat on 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
Second quarter 2025 earnings released: NT$0.20 loss per share (vs NT$0.41 loss in 2Q 2024) Second quarter 2025 results: NT$0.20 loss per share (improved from NT$0.41 loss in 2Q 2024). Revenue: NT$357.2m (up 26% from 2Q 2024). Net loss: NT$13.6m (loss narrowed 52% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. New Risk • Jul 10
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 8.7% 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 Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risk Market cap is less than US$100m (NT$1.39b market cap, or US$47.4m). Reported Earnings • May 14
First quarter 2025 earnings released: NT$0.14 loss per share (vs NT$0.002 profit in 1Q 2024) First quarter 2025 results: NT$0.14 loss per share (down from NT$0.002 profit in 1Q 2024). Revenue: NT$270.6m (down 5.7% from 1Q 2024). Net loss: NT$9.59m (down NT$9.71m from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Tillkännagivande • Apr 30
Cipherlab Co.,Ltd. to Report Q1, 2025 Results on May 07, 2025 Cipherlab Co.,Ltd. announced that they will report Q1, 2025 results on May 07, 2025 New Risk • Apr 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$1.26b market cap, or US$38.7m). Tillkännagivande • Mar 13
Cipherlab Co.,Ltd., Annual General Meeting, Jun 24, 2025 Cipherlab Co.,Ltd., Annual General Meeting, Jun 24, 2025. Location: r2 floor no,196, sec.3 ta t`ung rd., sijhih district, new taipei city Taiwan Tillkännagivande • Mar 05
Cipherlab Co.,Ltd. to Report Q4, 2024 Results on Mar 12, 2025 Cipherlab Co.,Ltd. announced that they will report Q4, 2024 results on Mar 12, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.22 loss per share (vs NT$0.15 loss in 3Q 2023) Third quarter 2024 results: NT$0.22 loss per share (further deteriorated from NT$0.15 loss in 3Q 2023). Revenue: NT$330.6m (up 21% from 3Q 2023). Net loss: NT$14.8m (loss widened 40% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Tillkännagivande • Oct 30
Cipherlab Co.,Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Cipherlab Co.,Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: NT$0.41 loss per share (vs NT$0.19 loss in 2Q 2023) Second quarter 2024 results: NT$0.41 loss per share (further deteriorated from NT$0.19 loss in 2Q 2023). Revenue: NT$284.3m (down 9.6% from 2Q 2023). Net loss: NT$28.3m (loss widened 121% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 06
Now 22% undervalued Over the last 90 days, the stock has risen 9.0% to NT$22.40. The fair value is estimated to be NT$28.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Tillkännagivande • Jul 31
Cipherlab Co.,Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Cipherlab Co.,Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Buy Or Sell Opportunity • Jul 01
Now 18% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to NT$30.45. The fair value is estimated to be NT$25.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to NT$31.05. The fair value is estimated to be NT$25.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to NT$30.95. The fair value is estimated to be NT$25.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. New Risk • May 28
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: Minor Risks Dividend is not well covered by earnings (171% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$1.93b market cap, or US$59.9m). Reported Earnings • May 14
First quarter 2024 earnings released First quarter 2024 results: Revenue: NT$287.1m (down 39% from 1Q 2023). Net income: NT$121.0k (down 100% from 1Q 2023). Profit margin: 0% (down from 7.3% in 1Q 2023). The decrease in margin was driven by lower revenue. 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 5% per year, which means it is well ahead of earnings. Tillkännagivande • May 02
Cipherlab Co.,Ltd. to Report Q1, 2024 Results on May 08, 2024 Cipherlab Co.,Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Apr 03
Full year 2023 earnings released: NT$0.06 loss per share (vs NT$0.47 profit in FY 2022) Full year 2023 results: NT$0.06 loss per share (down from NT$0.47 profit in FY 2022). Revenue: NT$1.36b (up 8.1% from FY 2022). Net loss: NT$4.37m (down 114% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 14
Cipherlab Co.,Ltd., Annual General Meeting, Jun 26, 2024 Cipherlab Co.,Ltd., Annual General Meeting, Jun 26, 2024. Location: R2F., No.196, Sec.3, Datong Rd., Xizhi Dist., New Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee's Review Report; to consider 2023 Directors' Remuneration Report; to consider acknowledgment of the 2023 Business Report and Financial Statements; to consider acknowledgment of the 2023 Deficit Compensation; and to consider other matters. New Risk • Mar 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.7% 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 (171% payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (NT$1.54b market cap, or US$48.8m). 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 5.5% 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: Minor Risks Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (NT$1.71b market cap, or US$54.0m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: NT$0.19 loss per share (vs NT$0.11 profit in 2Q 2022) Second quarter 2023 results: NT$0.19 loss per share (down from NT$0.11 profit in 2Q 2022). Revenue: NT$314.4m (up 1.9% from 2Q 2022). Net loss: NT$12.8m (down 267% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 20
Upcoming dividend of NT$0.60 per share at 2.0% yield Eligible shareholders must have bought the stock before 27 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.3%). New Risk • Jul 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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 Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$1.98b market cap, or US$63.8m). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$39.65, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$28.05, the stock trades at a trailing P/E ratio of 59.6x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 132% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$24.85, the stock trades at a trailing P/E ratio of 60.6x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 16% share price gain to NT$16.75, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 11x in the Tech industry in Taiwan. Total loss to shareholders of 9.3% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.021 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.11 (up from NT$0.021 in 3Q 2021). Revenue: NT$297.8m (down 16% from 3Q 2021). Net income: NT$7.63m (up 437% from 3Q 2021). Profit margin: 2.6% (up from 0.4% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent 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. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Ming Chang Yu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.021 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.11 (up from NT$0.021 in 3Q 2021). Revenue: NT$297.8m (down 16% from 3Q 2021). Net income: NT$7.63m (up 437% from 3Q 2021). Profit margin: 2.6% (up from 0.4% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.007 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.11 (up from NT$0.007 in 2Q 2021). Revenue: NT$308.5m (down 7.7% from 2Q 2021). Net income: NT$7.65m (up NT$7.14m from 2Q 2021). Profit margin: 2.5% (up from 0.2% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 14
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 08 August 2022. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (7.6%). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 20% share price gain to NT$16.15, the stock trades at a trailing P/E ratio of 75.1x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total loss to shareholders of 18% over the past three years. Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$0.06 (down from NT$0.36 in 1Q 2021). Revenue: NT$271.3m (down 15% from 1Q 2021). Net income: NT$3.85m (down 84% from 1Q 2021). Profit margin: 1.4% (down from 7.7% in 1Q 2021). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 32%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. 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. 5 non-independent directors. Independent Director Ming Chang Yu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 07
Cipherlab Co.,Ltd., Annual General Meeting, Jun 21, 2022 Cipherlab Co.,Ltd., Annual General Meeting, Jun 21, 2022. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.13 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$354.2m (up 19% from 3Q 2020). Net income: NT$1.42m (down 84% from 3Q 2020). Profit margin: 0.4% (down from 3.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.007 (vs NT$0.58 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$334.1m (up 73% from 2Q 2020). Net income: NT$509.0k (up NT$40.3m from 2Q 2020). Profit margin: 0.2% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$0.36 (vs NT$0.63 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$320.8m (up 44% from 1Q 2020). Net income: NT$24.6m (up NT$67.6m from 1Q 2020). Profit margin: 7.7% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 26
Full year 2020 earnings released: NT$0.90 loss per share (vs NT$0.13 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$1.03b (down 20% from FY 2019). Net loss: NT$62.0m (loss widened NT$52.8m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 05
New 90-day high: NT$16.75 The company is up 35% from its price of NT$12.45 on 04 December 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: NT$13.80 The company is up 22% from its price of NT$11.35 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: NT$12.25 The company is up 2.0% from its price of NT$12.00 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is down 1.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS NT$0.13 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$298.7m (down 9.8% from 3Q 2019). Net income: NT$9.00m (up 26% from 3Q 2019). Profit margin: 3.0% (up from 2.2% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 03
New 90-day low: NT$11.10 The company is down 7.0% from its price of NT$11.90 on 05 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 4.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day low: NT$11.40 The company is down 4.0% from its price of NT$11.90 on 30 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is flat over the same period. 
