Declared Dividend • Jul 10
Dividend increased to NT$17.00 Dividend of NT$17.00 is 58% higher than last year. Ex-date: 23rd July 2026 Payment date: 10th August 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 111% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 45% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 17
First quarter 2026 earnings released: EPS: NT$10.00 (vs NT$6.07 in 1Q 2025) First quarter 2026 results: EPS: NT$10.00 (up from NT$6.07 in 1Q 2025). Revenue: NT$4.71b (up 55% from 1Q 2025). Net income: NT$773.1m (up 84% from 1Q 2025). Profit margin: 16% (up from 14% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to NT$970. The fair value is estimated to be NT$806, 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 43%. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$942, the stock trades at a trailing P/E ratio of 30.5x. Average forward P/E is 27x in the Machinery industry in Taiwan. Total returns to shareholders of 148% over the past year. New Risk • Apr 08
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 8.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 19
Full year 2025 earnings released: EPS: NT$32.29 (vs NT$22.33 in FY 2024) Full year 2025 results: EPS: NT$32.29 (up from NT$22.33 in FY 2024). Revenue: NT$16.9b (up 64% from FY 2024). Net income: NT$2.37b (up 57% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in Taiwan. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$800, the stock trades at a trailing P/E ratio of 29.1x. Average forward P/E is 37x in the Machinery industry in Taiwan. Total returns to shareholders of 97% over the past year. Duyuru • Mar 13
Mega Union Technology Inc., Annual General Meeting, Jun 25, 2026 Mega Union Technology Inc., Annual General Meeting, Jun 25, 2026. Location: no,439-3, t`ao ying rd., taoyuan district, taoyuan city Taiwan Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$616, the stock trades at a trailing P/E ratio of 22.4x. Average forward P/E is 26x in the Machinery industry in Taiwan. Total returns to shareholders of 71% over the past year. New Risk • Nov 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 6.9% 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 (30% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: NT$8.95 (vs NT$4.89 in 3Q 2024) Third quarter 2025 results: EPS: NT$8.95 (up from NT$4.89 in 3Q 2024). Revenue: NT$4.79b (up 84% from 3Q 2024). Net income: NT$683.1m (up 106% from 3Q 2024). Profit margin: 14% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in Taiwan. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$595, the stock trades at a trailing P/E ratio of 23.6x. Average forward P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 78% over the past year. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$7.10 (vs NT$5.40 in 2Q 2024) Second quarter 2025 results: EPS: NT$7.10 (up from NT$5.40 in 2Q 2024). Revenue: NT$3.73b (up 53% from 2Q 2024). Net income: NT$510.7m (up 40% from 2Q 2024). Profit margin: 14% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Declared Dividend • Jun 28
Dividend of NT$14.00 announced Shareholders will receive a dividend of NT$14.00. Ex-date: 11th July 2025 Payment date: 1st August 2025 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 177% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 142% 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 • Jun 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$469, the stock trades at a trailing P/E ratio of 20.3x. Average forward P/E is 27x in the Machinery industry in Taiwan. Total returns to shareholders of 82% over the past year. Duyuru • May 29
Mega Union Technology Inc. has completed a Follow-on Equity Offering in the amount of TWD 2.169747 billion. Mega Union Technology Inc. has completed a Follow-on Equity Offering in the amount of TWD 2.169747 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,227,000
Price\Range: TWD 262
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,911,000
Price\Range: TWD 376.353773 Reported Earnings • May 16
First quarter 2025 earnings released: EPS: NT$6.07 (vs NT$4.90 in 1Q 2024) First quarter 2025 results: EPS: NT$6.07 (up from NT$4.90 in 1Q 2024). Revenue: NT$3.04b (up 39% from 1Q 2024). Net income: NT$419.1m (up 27% from 1Q 2024). Profit margin: 14% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Taiwan. Buy Or Sell Opportunity • Apr 08
Now 23% overvalued Over the last 90 days, the stock has fallen 15% to NT$341. The fair value is estimated to be NT$277, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 56%. New Risk • Apr 07
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 8.6% 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. This is currently the only risk that has been identified for the company. 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$308, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total loss to shareholders of 4.0% over the past year. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: NT$22.33 (vs NT$16.50 in FY 2023) Full year 2024 results: EPS: NT$22.33 (up from NT$16.50 in FY 2023). Revenue: NT$10.3b (up 14% from FY 2023). Net income: NT$1.51b (up 37% from FY 2023). Profit margin: 15% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Duyuru • Mar 14
Mega Union Technology Inc., Annual General Meeting, Jun 26, 2025 Mega Union Technology Inc., Annual General Meeting, Jun 26, 2025. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan Reported Earnings • Dec 17
Third quarter 2024 earnings released: EPS: NT$4.89 (vs NT$4.69 in 3Q 2023) Third quarter 2024 results: EPS: NT$4.89 (up from NT$4.69 in 3Q 2023). Revenue: NT$2.60b (up 12% from 3Q 2023). Net income: NT$331.0m (up 5.4% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$401, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 252% over the past year. Upcoming Dividend • Jul 05
Upcoming dividend of NT$8.00 per share Eligible shareholders must have bought the stock before 12 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$335, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 246% over the past year. Reported Earnings • Jun 05
Full year 2023 earnings released: EPS: NT$18.15 (vs NT$7.18 in FY 2022) Full year 2023 results: EPS: NT$18.15 (up from NT$7.18 in FY 2022). Revenue: NT$9.01b (down 10% from FY 2022). Net income: NT$1.10b (up 180% from FY 2022). Profit margin: 12% (up from 3.9% in FY 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$342, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 22x in the Machinery industry in Taiwan. Duyuru • Mar 27
Mega Union Technology Inc., Annual General Meeting, Jun 27, 2024 Mega Union Technology Inc., Annual General Meeting, Jun 27, 2024. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$278, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 21x in the Machinery industry in 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 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (5.6% average weekly change). New Risk • Feb 01
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 5.4% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$180, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$180, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Reported Earnings • Aug 17
First half 2023 earnings released: EPS: NT$7.83 (vs NT$3.79 in 1H 2022) First half 2023 results: EPS: NT$7.83 (up from NT$3.79 in 1H 2022). Revenue: NT$4.37b (down 8.6% from 1H 2022). Net income: NT$476.8m (up 133% from 1H 2022). Profit margin: 11% (up from 4.3% in 1H 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$136, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 17x in the Machinery industry in Taiwan. 
