Buy Or Sell Opportunity • Jul 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 46% to NT$50.00. The fair value is estimated to be NT$63.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 60%. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$70.20, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 37x in the Communications industry in Taiwan. Total returns to shareholders of 208% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to NT$99.80, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 37x in the Communications industry in Taiwan. Total returns to shareholders of 306% over the past three years. Buy Or Sell Opportunity • Apr 17
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 109% to NT$92.10. The fair value is estimated to be NT$68.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 60%. Reported Earnings • Apr 10
Full year 2025 earnings released: EPS: NT$1.81 (vs NT$4.14 in FY 2024) Full year 2025 results: EPS: NT$1.81 (down from NT$4.14 in FY 2024). Revenue: NT$1.23b (up 7.5% from FY 2024). Net income: NT$46.0m (down 56% from FY 2024). Profit margin: 3.7% (down from 9.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$56.30, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 126% over the past three years. Buy Or Sell Opportunity • Mar 13
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 55% to NT$56.00. The fair value is estimated to be NT$44.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Tillkännagivande • Mar 12
Advanced Wireless & Antenna Inc., Annual General Meeting, May 27, 2026 Advanced Wireless & Antenna Inc., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,223, sec.3 pei hsin rd., sindian district, taipei city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). 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$1.20b market cap, or US$38.3m). Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$53.30, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 24x in the Communications industry in Taiwan. Total returns to shareholders of 130% over the past three years. Buy Or Sell Opportunity • Jan 23
Now 45% overvalued after recent price rise Over the last 90 days, the stock has risen 70% to NT$64.40. The fair value is estimated to be NT$44.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Jan 02
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: 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 (7.1% average weekly change). Market cap is less than US$100m (NT$1.10b market cap, or US$34.9m). Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$43.10, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 94% over the past three years. Buy Or Sell Opportunity • Nov 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to NT$32.60. The fair value is estimated to be NT$40.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Aug 12
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 6.0% 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 High level of non-cash earnings (26% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 14x cash flows per share). Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (NT$1.13b market cap, or US$37.8m). Upcoming Dividend • Jun 12
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 18 June 2025. Payment date: 10 July 2025. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%). Declared Dividend • May 29
Dividend increased to NT$1.50 Dividend of NT$1.50 is 400% higher than last year. Ex-date: 18th June 2025 Payment date: 10th July 2025 Dividend yield will be 2.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (dividend approximately 14x free cash flows). The dividend has increased by an average of 65% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$60.70, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to NT$43.05, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 13% over the past three years. Reported Earnings • Mar 21
Full year 2024 earnings released Full year 2024 results: Revenue: NT$1.14b (up 42% from FY 2023). Net income: NT$104.9m (up NT$91.0m from FY 2023). Profit margin: 9.2% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue. Tillkännagivande • Mar 12
Advanced Wireless & Antenna Inc., Annual General Meeting, May 27, 2025 Advanced Wireless & Antenna Inc., Annual General Meeting, May 27, 2025. Location: 2 floor no,223, sec.3 pei hsin rd., sindian district, taipei city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (NT$1.76b market cap, or US$53.5m). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$78.30, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$66.70, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 68% over the past three years. New Risk • Oct 02
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 9.3% 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 (9.3% average weekly change). Minor Risk Market cap is less than US$100m (NT$1.43b market cap, or US$45.0m). Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$60.20, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 77% over the past three years. Upcoming Dividend • Jun 19
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 19 July 2024. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$39.35, the stock trades at a trailing P/E ratio of 71.7x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total loss to shareholders of 3.9% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$32.55, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total loss to shareholders of 43% over the past three years. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: NT$0.55 (vs NT$0.35 in FY 2022) Full year 2023 results: EPS: NT$0.55 (up from NT$0.35 in FY 2022). Revenue: NT$807.7m (down 5.7% from FY 2022). Net income: NT$13.9m (up 56% from FY 2022). Profit margin: 1.7% (up from 1.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 15
Advanced Wireless & Antenna Inc., Annual General Meeting, May 27, 2024 Advanced Wireless & Antenna Inc., Annual General Meeting, May 27, 2024. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 9.0% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (NT$657.9m market cap, or US$20.8m). New Risk • Aug 18
New major risk - Revenue and earnings growth Earnings have declined by 9.0% 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 9.0% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$648.5m market cap, or US$20.3m). 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS NT$0.39 (vs NT$1.38 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$911.1m (down 1.9% from FY 2019). Net income: NT$8.24m (down 67% from FY 2019). Profit margin: 0.9% (down from 2.7% in FY 2019). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 24% share price gain to NT$70.30, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Tillkännagivande • Mar 11
Advanced Wireless & Antenna Inc., Annual General Meeting, May 25, 2021 Advanced Wireless & Antenna Inc., Annual General Meeting, May 25, 2021. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 15% share price gain to NT$67.30, the stock is trading at a trailing P/E ratio of 48.4x, up from the previous P/E ratio of 42.1x. This compares to an average P/E of 19x in the Electronic industry in Taiwan. 
