New Risk • Jul 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.21b (US$98.8m) 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 28% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$3.21b market cap, or US$98.8m). New Risk • Jul 01
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 12% 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 (12% average weekly change). Earnings have declined by 28% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • May 19
First quarter 2026 earnings released: EPS: NT$0.23 (vs NT$0.19 in 1Q 2025) First quarter 2026 results: EPS: NT$0.23 (up from NT$0.19 in 1Q 2025). Revenue: NT$128.9m (up 40% from 1Q 2025). Net income: NT$23.3m (up 20% from 1Q 2025). Profit margin: 18% (down from 21% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. New Risk • May 04
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 9.3% 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 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Mar 24
Full year 2025 earnings released: EPS: NT$0.05 (vs NT$1.05 in FY 2024) Full year 2025 results: EPS: NT$0.05 (down from NT$1.05 in FY 2024). Revenue: NT$478.3m (down 26% from FY 2024). Net income: NT$4.96m (down 95% from FY 2024). Profit margin: 1.0% (down from 16% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • Mar 16
Tera Autotech Corporation, Annual General Meeting, Jun 26, 2026 Tera Autotech Corporation, Annual General Meeting, Jun 26, 2026. Location: no,1, kung ch`i rd., jih nan li, dajia district, taichung city Taiwan Board Change • Feb 24
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. New Risk • Dec 29
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: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$3.10b market cap, or US$98.8m). Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.29 (vs NT$0.052 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.29 (up from NT$0.052 in 3Q 2024). Revenue: NT$118.9m (down 22% from 3Q 2024). Net income: NT$29.4m (up 468% from 3Q 2024). Profit margin: 25% (up from 3.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 25
Upcoming dividend of NT$0.45 per share Eligible shareholders must have bought the stock before 01 September 2025. Payment date: 26 September 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.6%). Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.86 loss per share (vs NT$0.30 profit in 2Q 2024) Second quarter 2025 results: NT$0.86 loss per share (down from NT$0.30 profit in 2Q 2024). Revenue: NT$143.1m (down 12% from 2Q 2024). Net loss: NT$86.1m (down 389% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Declared Dividend • Aug 10
Dividend reduced to NT$0.45 Dividend of NT$0.45 is 31% lower than last year. Ex-date: 1st September 2025 Payment date: 26th September 2025 Dividend yield will be 1.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 34% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years. New Risk • Aug 04
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 6.5% 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: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$30.50, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 76% over the past three years. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.19 (vs NT$0.48 in 1Q 2024) First quarter 2025 results: EPS: NT$0.19 (down from NT$0.48 in 1Q 2024). Revenue: NT$91.9m (down 55% from 1Q 2024). Net income: NT$19.4m (down 60% from 1Q 2024). Profit margin: 21% (down from 24% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • May 01
Tera Autotech Corporation to Report Q1, 2025 Results on May 09, 2025 Tera Autotech Corporation 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 21% After last week's 21% share price decline to NT$20.65, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 12% over the past three years. New Risk • Apr 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 6.3% 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 6.4% 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 (6.3% average weekly change). Market cap is less than US$100m (NT$2.30b market cap, or US$69.5m). Buy Or Sell Opportunity • Mar 31
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to NT$23.75. The fair value is estimated to be NT$31.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 16%. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: NT$1.05 (vs NT$1.27 in FY 2023) Full year 2024 results: EPS: NT$1.05 (down from NT$1.27 in FY 2023). Revenue: NT$650.0m (down 39% from FY 2023). Net income: NT$105.5m (down 18% from FY 2023). Profit margin: 16% (up from 12% in FY 2023). The increase in margin was driven by lower expenses. 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 12% per year, which means it is well ahead of earnings. Duyuru • Mar 10
Tera Autotech Corporation, Annual General Meeting, Jun 13, 2025 Tera Autotech Corporation, Annual General Meeting, Jun 13, 2025. Location: no,1, kung ch`i rd., jih nan li, dajia district, taichung city Taiwan Duyuru • Mar 01
Tera Autotech Corporation to Report Fiscal Year 2024 Results on Mar 07, 2025 Tera Autotech Corporation announced that they will report fiscal year 2024 results on Mar 07, 2025 New Risk • Dec 23
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 6.4% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (119% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (NT$3.00b market cap, or US$91.7m). Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$29.90, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 54% over the past three years. Buy Or Sell Opportunity • Nov 11
Now 24% undervalued Over the last 90 days, the stock has risen 2.9% to NT$26.85. The fair value is estimated to be NT$35.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Oct 22
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at NT$28.40. The fair value is estimated to be NT$35.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$28.50, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 46% over the past three years. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$0.30 (vs NT$0.76 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.30 (down from NT$0.76 in 2Q 2023). Revenue: NT$161.8m (down 65% from 2Q 2023). Net income: NT$29.8m (down 61% from 2Q 2023). Profit margin: 18% (up from 16% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Declared Dividend • Aug 11
Dividend reduced to NT$0.65 Dividend of NT$0.65 is 28% lower than last year. Ex-date: 29th August 2024 Payment date: 20th September 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Aug 02
Tera Autotech Corporation to Report Q2, 2024 Results on Aug 09, 2024 Tera Autotech Corporation announced that they will report Q2, 2024 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$33.20, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 67% over the past three years. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$0.48 (vs NT$0.14 in 1Q 2023) First quarter 2024 results: EPS: NT$0.48 (up from NT$0.14 in 1Q 2023). Revenue: NT$202.4m (up 30% from 1Q 2023). Net income: NT$48.5m (up 251% from 1Q 2023). Profit margin: 24% (up from 8.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Duyuru • May 01
Tera Autotech Corporation to Report Q1, 2024 Results on May 06, 2024 Tera Autotech Corporation announced that they will report Q1, 2024 results at 12:00 PM, Taipei Standard Time on May 06, 2024 Duyuru • Apr 14
Tera Autotech Corporation Approves Dividend Distribution for the Year Ended December 31, 2023 The Board of Directors of Tera Autotech Corporation approved dividend distribution for the year ended December 31, 2023. Appropriations of earnings in cash dividends to shareholders is TWD 0.4 per share. Cash dividends distributed from legal reserve and capital reserve to shareholders is TWD 0.25 per share. Buy Or Sell Opportunity • Apr 11
Now 20% undervalued Over the last 90 days, the stock has risen 13% to NT$30.00. The fair value is estimated to be NT$37.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years. Earnings per share has grown by 5.1%. Duyuru • Apr 04
Tera Autotech Corporation, Annual General Meeting, Jun 21, 2024 Tera Autotech Corporation, Annual General Meeting, Jun 21, 2024. New Risk • Apr 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 6.3% 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 (6.3% average weekly change). Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: NT$1.27 (vs NT$1.83 in FY 2022) Full year 2023 results: EPS: NT$1.27 (down from NT$1.83 in FY 2022). Revenue: NT$1.07b (down 20% from FY 2022). Net income: NT$127.8m (down 30% from FY 2022). Profit margin: 12% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$0.37 (vs NT$0.43 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.37 (down from NT$0.43 in 3Q 2022). Revenue: NT$231.4m (up 22% from 3Q 2022). Net income: NT$37.5m (down 14% from 3Q 2022). Profit margin: 16% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. New Risk • Sep 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Upcoming Dividend • Aug 28
Upcoming dividend of NT$0.90 per share at 2.3% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 27 September 2023. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (3.2%). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: NT$0.76 (vs NT$0.17 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.76 (up from NT$0.17 in 2Q 2022). Revenue: NT$466.5m (up 180% from 2Q 2022). Net income: NT$76.2m (up 342% from 2Q 2022). Profit margin: 16% (up from 10% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. New Risk • Jul 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.09b (US$98.7m) 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 Share price has been highly volatile over the past 3 months (9.6% 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$3.09b market cap, or US$98.7m). Buying Opportunity • May 15
Now 23% undervalued Over the last 90 days, the stock is up 60%. The fair value is estimated to be NT$45.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to NT$37.95, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 14x in the Machinery industry in Taiwan. Total returns to shareholders of 98% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$29.05, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 14x in the Machinery industry in Taiwan. Total returns to shareholders of 50% over the past three years. Buying Opportunity • Mar 10
Now 22% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be NT$31.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 3.5%. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$26.85, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 13x in the Machinery industry in Taiwan. Total returns to shareholders of 23% over the past three years. Buying Opportunity • Dec 09
Now 22% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be NT$28.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 3.6%. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 23% share price gain to NT$21.85, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 12x in the Machinery industry in Taiwan. Total loss to shareholders of 11% over the past three years. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: NT$0.43 (vs NT$0.19 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.43 (up from NT$0.19 in 3Q 2021). Revenue: NT$190.0m (down 7.9% from 3Q 2021). Net income: NT$43.3m (up 132% from 3Q 2021). Profit margin: 23% (up from 9.1% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.17 (vs NT$0.69 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.17 (down from NT$0.69 in 2Q 2021). Revenue: NT$166.6m (down 75% from 2Q 2021). Net income: NT$17.2m (down 75% from 2Q 2021). Profit margin: 10% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Aug 09
Upcoming dividend of NT$0.75 per share Eligible shareholders must have bought the stock before 16 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (3.6%). Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$1.09 (vs NT$0.23 in 1Q 2021) First quarter 2022 results: EPS: NT$1.09 (up from NT$0.23 in 1Q 2021). Revenue: NT$727.8m (up 321% from 1Q 2021). Net income: NT$109.5m (up 374% from 1Q 2021). Profit margin: 15% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$1.24 (vs NT$1.10 in FY 2020) Full year 2021 results: EPS: NT$1.24 (up from NT$1.10 in FY 2020). Revenue: NT$1.24b (up 3.6% from FY 2020). Net income: NT$124.9m (up 13% from FY 2020). Profit margin: 10% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Aug 26
Upcoming dividend of NT$0.60 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 24 September 2021. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (2.7%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.69 (vs NT$0.67 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$678.4m (up 9.5% from 2Q 2020). Net income: NT$69.4m (up 3.7% from 2Q 2020). Profit margin: 10% (in line with 2Q 2020). 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. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.23 (vs NT$0.19 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$172.7m (down 18% from 1Q 2020). Net income: NT$23.1m (up 24% from 1Q 2020). Profit margin: 13% (up from 8.8% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$1.10 (vs NT$1.85 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.19b (down 23% from FY 2019). Net income: NT$110.9m (down 40% from FY 2019). Profit margin: 9.3% (down from 12% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 24
New 90-day high: NT$23.60 The company is up 4.0% from its price of NT$22.65 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 18% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.12 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$192.9m (down 64% from 3Q 2019). Net income: NT$12.0m (down 84% from 3Q 2019). Profit margin: 6.2% (down from 14% 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 51% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 12
New 90-day low: NT$21.70 The company is down 12% from its price of NT$24.65 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 26
New 90-day low: NT$21.80 The company is down 14% from its price of NT$25.21 on 24 June 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 2.0% over the same period.