Reported Earnings • May 16
First quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2026 results: EPS: NT$3.00 (up from NT$2.28 in 1Q 2025). Revenue: NT$1.25b (up 30% from 1Q 2025). Net income: NT$339.5m (up 63% from 1Q 2025). Profit margin: 27% (up from 22% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 11
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 High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$11.33 (vs NT$8.50 in FY 2024) Full year 2025 results: EPS: NT$11.33 (up from NT$8.50 in FY 2024). Revenue: NT$4.26b (up 28% from FY 2024). Net income: NT$1.04b (up 50% from FY 2024). Profit margin: 25% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 12
Advanced Echem Materials Company Limited, Annual General Meeting, Jun 11, 2026 Advanced Echem Materials Company Limited, Annual General Meeting, Jun 11, 2026. Location: no,428, k`o wang rd., longtan district, taoyuan city Taiwan Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$3.13 (vs NT$1.90 in 3Q 2024) Third quarter 2025 results: EPS: NT$3.13 (up from NT$1.90 in 3Q 2024). Revenue: NT$1.07b (up 24% from 3Q 2024). Net income: NT$290.1m (up 86% from 3Q 2024). Profit margin: 27% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$3.07 (vs NT$2.39 in 2Q 2024) Second quarter 2025 results: EPS: NT$3.07 (up from NT$2.39 in 2Q 2024). Revenue: NT$1.15b (up 34% from 2Q 2024). Net income: NT$284.6m (up 45% from 2Q 2024). Profit margin: 25% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 36% per year. Upcoming Dividend • Jul 10
Upcoming dividend of NT$5.99 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$559, the stock trades at a trailing P/E ratio of 70.7x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 271% over the past three years. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$2.28 (vs NT$2.11 in 1Q 2024) First quarter 2025 results: EPS: NT$2.28 (up from NT$2.11 in 1Q 2024). Revenue: NT$959.3m (up 39% from 1Q 2024). Net income: NT$207.8m (up 20% from 1Q 2024). Profit margin: 22% (down from 25% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 30
Advanced Echem Materials Company Limited to Report Q1, 2025 Results on May 07, 2025 Advanced Echem Materials Company Limited announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$407, the stock trades at a trailing P/E ratio of 54x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 243% over the past three years. New Risk • Mar 26
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 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). High level of non-cash earnings (24% accrual ratio). Duyuru • Mar 17
Advanced Echem Materials Company Limited, Annual General Meeting, Jun 18, 2025 Advanced Echem Materials Company Limited, Annual General Meeting, Jun 18, 2025. Location: no,428, k`o wang rd., longtan district, taoyuan city Taiwan Reported Earnings • Mar 16
Full year 2024 earnings released: EPS: NT$8.50 (vs NT$3.91 in FY 2023) Full year 2024 results: EPS: NT$8.50 (up from NT$3.91 in FY 2023). Revenue: NT$3.32b (up 41% from FY 2023). Net income: NT$697.5m (up 119% from FY 2023). Profit margin: 21% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 07
Advanced Echem Materials Company Limited to Report Fiscal Year 2024 Results on Mar 14, 2025 Advanced Echem Materials Company Limited announced that they will report fiscal year 2024 results on Mar 14, 2025 Duyuru • Feb 04
Advanced Echem Materials Company Limited has completed a Follow-on Equity Offering in the amount of TWD 4.93728 billion. Advanced Echem Materials Company Limited has completed a Follow-on Equity Offering in the amount of TWD 4.93728 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,286,000
Price\Range: TWD 480 New Risk • Feb 03
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 6.4% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$1.90 (vs NT$0.77 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.90 (up from NT$0.77 in 3Q 2023). Revenue: NT$856.8m (up 48% from 3Q 2023). Net income: NT$155.7m (up 150% from 3Q 2023). Profit margin: 18% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Upcoming Dividend • Jul 31
Upcoming dividend of NT$2.79 per share Eligible shareholders must have bought the stock before 07 August 2024. Payment date: 27 August 2024. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.1%). Reported Earnings • May 03
Full year 2023 earnings released: EPS: NT$3.91 (vs NT$5.01 in FY 2022) Full year 2023 results: EPS: NT$3.91 (down from NT$5.01 in FY 2022). Revenue: NT$2.36b (up 4.0% from FY 2022). Net income: NT$318.4m (down 21% from FY 2022). Profit margin: 14% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Duyuru • Mar 30
Advanced Echem Materials Company Limited, Annual General Meeting, Jun 21, 2024 Advanced Echem Materials Company Limited, Annual General Meeting, Jun 21, 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: 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 (7.4% average weekly change). Duyuru • Jan 30
Cheng Mei Materials Technology Corporation (TWSE:4960) acquired an unknown stake in Opals Chemical Technology Ltd. from Advanced Echem Materials Company Limited (TPEX:4749) for approximately TWD 310 million. Cheng Mei Materials Technology Corporation (TWSE:4960) acquired an unknown stake in Opals Chemical Technology Ltd. from Advanced Echem Materials Company Limited (TPEX:4749) for approximately TWD 310 million on January 29, 2024.
Cheng Mei Materials Technology Corporation (TWSE:4960) completed the acquisition of an unknown stake in Opals Chemical Technology Ltd. from Advanced Echem Materials Company Limited (TPEX:4749) on January 29, 2024. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$395, the stock trades at a trailing P/E ratio of 74.5x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 93% over the past year. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$307, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 82% over the past year. New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 16
First half 2023 earnings released: EPS: NT$2.38 (vs NT$2.18 in 1H 2022) First half 2023 results: EPS: NT$2.38 (up from NT$2.18 in 1H 2022). Revenue: NT$1.21b (up 25% from 1H 2022). Net income: NT$193.7m (up 10% from 1H 2022). Profit margin: 16% (down from 18% in 1H 2022). The decrease in margin was driven by higher expenses. Upcoming Dividend • Jul 12
Upcoming dividend of NT$3.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 08 August 2023. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$270, the stock trades at a trailing P/E ratio of 62.5x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 122% over the past year. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 15% share price gain to NT$207, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 27% share price decline to NT$165, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 25% share price decline to NT$192, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Upcoming Dividend • Jul 12
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 19 July 2022. Payment date: 08 August 2022. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.9%). Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 16% share price gain to NT$174, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: NT$1.62 (vs NT$0.39 in FY 2020) Full year 2021 results: EPS: NT$1.62 (up from NT$0.39 in FY 2020). Revenue: NT$1.61b (up 40% from FY 2020). Net income: NT$122.0m (up 398% from FY 2020). Profit margin: 7.6% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue.