Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$0.11 (vs NT$0.79 loss in 1Q 2025) First quarter 2026 results: EPS: NT$0.11 (up from NT$0.79 loss in 1Q 2025). Revenue: NT$1.08b (up 37% from 1Q 2025). Net income: NT$13.0m (up NT$95.3m from 1Q 2025). Profit margin: 1.2% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 78% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 16
C.C.P. Contact Probes Co., Ltd., Annual General Meeting, Jun 22, 2026 C.C.P. Contact Probes Co., Ltd., Annual General Meeting, Jun 22, 2026, at 09:00 Taipei Standard Time. Location: 6 floor no,8 ln.24, huo p`ing rd., banciao district, new taipei city Taiwan New Risk • Mar 15
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 63% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Mar 14
Full year 2025 earnings released: NT$1.65 loss per share (vs NT$2.65 loss in FY 2024) Full year 2025 results: NT$1.65 loss per share (improved from NT$2.65 loss in FY 2024). Revenue: NT$3.70b (up 19% from FY 2024). Net loss: NT$184.8m (loss narrowed 27% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. New Risk • Feb 09
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 9.0% 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 (9.0% average weekly change). Earnings have declined by 61% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$0.16 (vs NT$0.22 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.16 (up from NT$0.22 loss in 3Q 2024). Revenue: NT$1.02b (up 13% from 3Q 2024). Net income: NT$18.0m (up NT$39.2m from 3Q 2024). Profit margin: 1.8% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.71 loss per share (vs NT$0.65 loss in 2Q 2024) Second quarter 2025 results: NT$0.71 loss per share (further deteriorated from NT$0.65 loss in 2Q 2024). Revenue: NT$860.0m (up 19% from 2Q 2024). Net loss: NT$82.1m (loss widened 31% from 2Q 2024). 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. New Risk • Jul 30
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 6.1% 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 Earnings have declined by 49% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • Jun 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.93b (US$99.1m) 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 Earnings have declined by 49% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (NT$2.93b market cap, or US$99.1m). Reported Earnings • May 17
First quarter 2025 earnings released: NT$0.79 loss per share (vs NT$0.55 loss in 1Q 2024) First quarter 2025 results: NT$0.79 loss per share (further deteriorated from NT$0.55 loss in 1Q 2024). Revenue: NT$790.3m (up 34% from 1Q 2024). Net loss: NT$82.3m (loss widened 57% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 06
C.C.P. Contact Probes Co., Ltd. to Report Q1, 2025 Results on May 13, 2025 C.C.P. Contact Probes Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025 New Risk • Apr 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 41% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (NT$3.08b market cap, or US$94.6m). Reported Earnings • Mar 20
Full year 2024 earnings released: NT$2.65 loss per share (vs NT$0.36 loss in FY 2023) Full year 2024 results: NT$2.65 loss per share (further deteriorated from NT$0.36 loss in FY 2023). Revenue: NT$3.11b (up 16% from FY 2023). Net loss: NT$254.7m (loss widened NT$219.6m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 14
C.C.P. Contact Probes Co., Ltd., Annual General Meeting, Jun 18, 2025 C.C.P. Contact Probes Co., Ltd., Annual General Meeting, Jun 18, 2025. Location: 6 floor no,8 ln.24, huo p`ing rd., banciao district, new taipei city Taiwan Tillkännagivande • Mar 06
C.C.P. Contact Probes Co., Ltd. to Report Q4, 2024 Results on Mar 13, 2025 C.C.P. Contact Probes Co., Ltd. announced that they will report Q4, 2024 results on Mar 13, 2025 New Risk • Feb 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.21b (US$97.9m) 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.21b market cap, or US$97.9m). Tillkännagivande • Feb 25
C.C.P. Contact Probes Co., Ltd. has completed a Follow-on Equity Offering in the amount of TWD 648.9 million. C.C.P. Contact Probes Co., Ltd. has completed a Follow-on Equity Offering in the amount of TWD 648.9 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,150,000
Price\Range: TWD 30.9
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,100,000
Price\Range: TWD 30.9
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 15,750,000
Price\Range: TWD 30.9
Transaction Features: Reserved Share Offering; Rights Offering New Risk • Jan 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.30b (US$99.6m) 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.30b market cap, or US$99.6m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.22 loss per share (vs NT$0.18 loss in 3Q 2023) Third quarter 2024 results: NT$0.22 loss per share (further deteriorated from NT$0.18 loss in 3Q 2023). Revenue: NT$904.5m (up 22% from 3Q 2023). Net loss: NT$21.3m (loss widened 21% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 15
C.C.P. Contact Probes Co., Ltd. has filed a Follow-on Equity Offering. C.C.P. Contact Probes Co., Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,150,000
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,100,000
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 15,750,000
Transaction Features: Reserved Share Offering; Rights Offering Tillkännagivande • Nov 07
C.C.P. Contact Probes Co., Ltd. to Report Q3, 2024 Results on Nov 14, 2024 C.C.P. Contact Probes Co., Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.65 loss per share (vs NT$0.067 loss in 2Q 2023) Second quarter 2024 results: NT$0.65 loss per share (further deteriorated from NT$0.067 loss in 2Q 2023). Revenue: NT$722.6m (up 7.0% from 2Q 2023). Net loss: NT$62.5m (loss widened NT$56.1m from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 05
C.C.P. Contact Probes Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 C.C.P. Contact Probes Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Board Change • Jul 06
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Ting-Chun Chou was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 05
Dividend of NT$0.30 announced Shareholders will receive a dividend of NT$0.30. Ex-date: 18th July 2024 Payment date: 15th August 2024 Dividend yield will be 0.6%, which is lower than the industry average of 4.0%. Tillkännagivande • May 08
C.C.P. Contact Probes Co., Ltd. to Report Q1, 2024 Results on May 14, 2024 C.C.P. Contact Probes Co., Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Tillkännagivande • Mar 16
C.C.P. Contact Probes Co., Ltd., Annual General Meeting, Jun 20, 2024 C.C.P. Contact Probes Co., Ltd., Annual General Meeting, Jun 20, 2024. Location: 5F., No. 8, Ln. 24, Heping Rd., Banqiao Dist., New Taipei City Taiwan Agenda: To consider 2023 business report and financial report; to consider audit Committee's review of the 2023 annual final accounting books and statements; to consider Acknowledgment of the 2023 annual final accounting books and statements; to consider acknowledgment of the 2023 Earnings Distribution; to consider Discussion of amendments to the Company's Procedures for Endorsements & Guarantees; and to consider other matters. New Risk • Aug 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 204% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 335% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Shareholders have been diluted in the past year (34% increase in shares outstanding). Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$0.07 loss per share (vs NT$1.13 profit in 2Q 2022) Second quarter 2023 results: NT$0.07 loss per share (down from NT$1.13 profit in 2Q 2022). Revenue: NT$675.0m (down 27% from 2Q 2022). Net loss: NT$6.44m (down 108% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. New Risk • Jul 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 253% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.1% net profit margin). Shareholders have been diluted in the past year (34% increase in shares outstanding). Upcoming Dividend • Jul 13
Upcoming dividend of NT$1.50 per share at 3.1% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 09 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%). Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: NT$0.75 (vs NT$0.90 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.75. Revenue: NT$880.6m (up 8.6% from 3Q 2021). Net income: NT$64.3m (up 11% from 3Q 2021). Profit margin: 7.3% (up from 7.1% in 3Q 2021). The increase in margin was driven by higher revenue. 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. 8 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Director Jung-Chen Lin Lin was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$37.40, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$48.50, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.13 (vs NT$0.35 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.13 (up from NT$0.35 in 2Q 2021). Revenue: NT$929.4m (up 43% from 2Q 2021). Net income: NT$79.2m (up 250% from 2Q 2021). Profit margin: 8.5% (up from 3.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 15
Upcoming dividend of NT$1.67 per share Eligible shareholders must have bought the stock before 22 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (4.8%). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$54.40, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 67% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$1.05 (up from NT$0.50 in 1Q 2021). Revenue: NT$823.9m (up 22% from 1Q 2021). Net income: NT$73.8m (up 129% from 1Q 2021). Profit margin: 9.0% (up from 4.8% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.9%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 8 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Director Jung-Chen Lin Lin was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Apr 07
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be NT$74.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 20% in a year. Earnings is forecast to grow by 46% in the next year. Tillkännagivande • Apr 07
C.C.P. Contact Probes Co., Ltd., Annual General Meeting, Jun 24, 2022 C.C.P. Contact Probes Co., Ltd., Annual General Meeting, Jun 24, 2022. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 15% share price gain to NT$56.30, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 170% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 16% share price gain to NT$54.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 184% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.90 (vs NT$0.47 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$810.8m (up 19% from 3Q 2020). Net income: NT$57.7m (up 97% from 3Q 2020). Profit margin: 7.1% (up from 4.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 18% share price gain to NT$54.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 191% over the past three years. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 18% share price gain to NT$48.95, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 142% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.35 (vs NT$0.30 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$650.8m (up 12% from 2Q 2020). Net income: NT$22.6m (up 18% from 2Q 2020). Profit margin: 3.5% (up from 3.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 23
Upcoming dividend of NT$1.05 per share Eligible shareholders must have bought the stock before 30 July 2021. Payment date: 18 August 2021. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.50 (vs NT$0.009 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$676.1m (up 45% from 1Q 2020). Net income: NT$32.2m (up NT$31.6m from 1Q 2020). Profit margin: 4.8% (up from 0.1% 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 whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$38.20, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 15% share price gain to NT$44.70, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 70% over the past three years. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$1.48 (vs NT$1.39 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.41b (up 3.8% from FY 2019). Net income: NT$94.2m (up 7.0% from FY 2019). Profit margin: 3.9% (up from 3.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 01
New 90-day low: NT$31.60 The company is down 6.0% from its price of NT$33.55 on 04 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 26% share price gain to NT$42.20, the stock is trading at a trailing P/E ratio of 59.9x, up from the previous P/E ratio of 47.5x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 38%. Is New 90 Day High Low • Jan 06
New 90-day high: NT$38.40 The company is up 9.0% from its price of NT$35.20 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 18
New 90-day low: NT$33.10 The company is down 8.0% from its price of NT$36.00 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS NT$0.47 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$683.7m (up 4.2% from 3Q 2019). Net income: NT$29.3m (down 37% from 3Q 2019). Profit margin: 4.3% (down from 7.0% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.