New Risk • Jul 13
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 9.6% 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 Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Cash payout ratio: 102% Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (NT$1.63b market cap, or US$50.8m). Reported Earnings • May 19
First quarter 2026 earnings released: NT$0.03 loss per share (vs NT$0.31 profit in 1Q 2025) First quarter 2026 results: NT$0.03 loss per share (down from NT$0.31 profit in 1Q 2025). Revenue: NT$90.0m (down 46% from 1Q 2025). Net loss: NT$1.50m (down 111% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 14
Full year 2025 earnings released: NT$0.52 loss per share (vs NT$1.12 profit in FY 2024) Full year 2025 results: NT$0.52 loss per share (down from NT$1.12 profit in FY 2024). Revenue: NT$628.0m (down 13% from FY 2024). Net loss: NT$23.5m (down 147% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Duyuru • Feb 26
Ene Technology Inc., Annual General Meeting, Jun 16, 2026 Ene Technology Inc., Annual General Meeting, Jun 16, 2026. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan New Risk • Dec 16
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 Dividend is not well covered by earnings (dividend per share is over 10x earnings per share). Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$1.67b market cap, or US$53.0m). Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: NT$0.05 (vs NT$0.15 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.05 (up from NT$0.15 loss in 3Q 2024). Revenue: NT$155.3m (down 11% from 3Q 2024). Net income: NT$2.16m (up NT$9.08m from 3Q 2024). Profit margin: 1.4% (up from net loss in 3Q 2024). 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 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
Second quarter 2025 earnings released: NT$0.67 loss per share (vs NT$0.29 profit in 2Q 2024) Second quarter 2025 results: NT$0.67 loss per share (down from NT$0.29 profit in 2Q 2024). Revenue: NT$186.2m (flat on 2Q 2024). Net loss: NT$30.2m (down 333% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Jul 23
Ene Technology Inc. to Report Q2, 2025 Results on Jul 30, 2025 Ene Technology Inc. announced that they will report Q2, 2025 results on Jul 30, 2025 New Risk • Jul 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 137% Cash payout ratio: 0% Dividend yield: 3.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Cash payout ratio: 0% Minor Risks Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (NT$1.70b market cap, or US$57.6m). New Risk • Jun 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 8.7% 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 Dividend is not well covered by earnings (137% payout ratio). Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (NT$1.75b market cap, or US$59.1m). Reported Earnings • May 07
First quarter 2025 earnings released: EPS: NT$0.31 (vs NT$0.55 in 1Q 2024) First quarter 2025 results: EPS: NT$0.31 (down from NT$0.55 in 1Q 2024). Revenue: NT$165.5m (down 7.7% from 1Q 2024). Net income: NT$13.8m (down 44% from 1Q 2024). Profit margin: 8.4% (down from 14% 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 29% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • May 06
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 13 May 2025. Payment date: 05 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$35.85, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total loss to shareholders of 8.1% over the past three years. Duyuru • Apr 18
Ene Technology Inc. to Report Q1, 2025 Results on Apr 28, 2025 Ene Technology Inc. announced that they will report Q1, 2025 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$31.50, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 25% over the past three years. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: NT$1.12 (vs NT$1.50 in FY 2023) Full year 2024 results: EPS: NT$1.12 (down from NT$1.50 in FY 2023). Revenue: NT$721.2m (down 18% from FY 2023). Net income: NT$49.9m (down 25% from FY 2023). Profit margin: 6.9% (down from 7.6% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% 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. Duyuru • Mar 06
Ene Technology Inc. announced a financing transaction Ene Technology Inc. announced a private placement to issue 8,000,000 ordinary share on March 4, 2025. The transaction is subject to 3-year lockup. BOD shall decide the price after approval granted from the shareholder's meeting. Duyuru • Feb 28
Ene Technology Inc. Appoints of Dylan Chung as Chairman Ene Technology Inc. announced appointment of Dylan Chung as Chairman. Duyuru • Feb 17
Ene Technology Inc. to Report Fiscal Year 2024 Results on Feb 25, 2025 Ene Technology Inc. announced that they will report fiscal year 2024 results on Feb 25, 2025 Duyuru • Jan 23
Ene Technology Inc., Annual General Meeting, Apr 15, 2025 Ene Technology Inc., Annual General Meeting, Apr 15, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,1, kung yeh tung 2nd rd., east district hsinchu science park, hsinchu city Taiwan Duyuru • Jan 21
Ene Technology Inc. Announces Retirement of Dylan Chung as CEO, Effective March 31, 2025 Ene Technology Inc. announced retirement of Dylan Chung as CEO. It is estimated to take into effect on March 31, 2025. Reason for the change: personal career planning. Mr. Chung is currently studying PhD degree at NTHU and wishing to focus on completing the course. Meanwhile, Mr. Chung is eligible for applying retirement. The successor shall be decided by the BOD later on. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (NT$2.19b market cap, or US$67.4m). Reported Earnings • Nov 07
Third quarter 2024 earnings released: NT$0.15 loss per share (vs NT$0.80 profit in 3Q 2023) Third quarter 2024 results: NT$0.15 loss per share (down from NT$0.80 profit in 3Q 2023). Revenue: NT$174.8m (down 24% from 3Q 2023). Net loss: NT$6.92m (down 120% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • Oct 25
Ene Technology Inc. to Report Q3, 2024 Results on Oct 30, 2024 Ene Technology Inc. announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Sep 26
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 7.5% 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: Minor Risks Dividend is not well covered by earnings (92% payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (NT$2.58b market cap, or US$80.9m). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$56.90, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 68% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.29 (vs NT$0.66 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.29 (down from NT$0.66 in 2Q 2023). Revenue: NT$187.4m (down 25% from 2Q 2023). Net income: NT$13.0m (down 56% from 2Q 2023). Profit margin: 6.9% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$45.45, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 12% over the past three years. Duyuru • Jul 24
Ene Technology Inc. to Report Q2, 2024 Results on Jul 31, 2024 Ene Technology Inc. announced that they will report Q2, 2024 results on Jul 31, 2024 Declared Dividend • May 30
Dividend of NT$1.20 announced Dividend of NT$1.20 is the same as last year. Ex-date: 13th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • May 30
Ene Technology Inc. Announces Cash Dividend, Payable on June 28, 2024 Ene Technology Inc. announced Earnings distribution by cash dividend of TWD 45,268,841 (TWD 1.0 per share). Cash issued from capital reserve: TWD 9,053,768 (TWD 0.2 per share). Ex-rights (ex-dividend) trading date is June 13, 2024. Ex-rights (ex-dividend) record date is June 19, 2024. Payment date of common stock cash dividend distribution is June 28, 2024. Duyuru • May 16
Ene Technology Inc. announced a financing transaction Ene Technology Inc. announced a private placement to issue 8,000,000 common shares on May 14, 2024. The transaction has been approved by shareholders. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: NT$0.55 (vs NT$0.37 in 1Q 2023) First quarter 2024 results: EPS: NT$0.55 (up from NT$0.37 in 1Q 2023). Revenue: NT$179.3m (down 11% from 1Q 2023). Net income: NT$24.6m (up 48% from 1Q 2023). Profit margin: 14% (up from 8.2% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Duyuru • May 02
Ene Technology Inc. has filed a Follow-on Equity Offering. Ene Technology Inc. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock Duyuru • May 01
Ene Technology Inc. announced that it expects to receive TWD 320 million in funding Ene Technology Inc. announced a private placement of 2,000,000 common shares at a price of TWD 10 per share for the gross proceeds of TWD 20,000,000 and series 3 unsecured convertible bonds for the gross proceeds of TWD 300,000,000; for total gross proceeds of TWD 320,000,000 on April 30, 2024. The transaction has been approved by the shareholders of the company. The bonds carry coupon rate of 0% and have a term period of 3 years. Duyuru • Apr 24
Ene Technology Inc. to Report Q1, 2024 Results on Apr 30, 2024 Ene Technology Inc. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Apr 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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$3.06b market cap, or US$95.2m). Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$1.50 (vs NT$1.74 in FY 2022) Full year 2023 results: EPS: NT$1.50 (down from NT$1.74 in FY 2022). Revenue: NT$875.3m (up 23% from FY 2022). Net income: NT$66.7m (down 13% from FY 2022). Profit margin: 7.6% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Mar 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$99.8m) 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: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (NT$3.15b market cap, or US$99.8m). Duyuru • Feb 28
Ene Technology Inc., Annual General Meeting, May 28, 2024 Ene Technology Inc., Annual General Meeting, May 28, 2024. Location: Room 203, ASIP, Hsinchu, No.2 Prosperity Rd 1,Science-Based Industrial Park Hsinchu Taiwan Agenda: To consider and approve the 2023 Business report; to consider and approve the 2024 audit committee's review report on 2023 financial statements; to consider and approve the proposal of remunerations for employees and BOD; to consider and approve the report of transactions with related parties; to consider and approve the proposal for 2023 profit appropriation; and to consider and approve other matters of business. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$85.50, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$87.20, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 145% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$67.40, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 169% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$53.50, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 129% over the past three years. New Risk • Oct 20
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 5.9% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (NT$2.15b market cap, or US$66.4m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.66 (vs NT$0.50 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.66 (up from NT$0.50 in 2Q 2022). Revenue: NT$249.8m (up 43% from 2Q 2022). Net income: NT$29.2m (up 31% from 2Q 2022). Profit margin: 12% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 08
Upcoming dividend of NT$1.20 per share at 2.3% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 30 June 2023. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 2.3%. 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 • Jun 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$52.30, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 181% over the past three years. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: NT$1.74 (vs NT$1.60 in FY 2021) Full year 2022 results: EPS: NT$1.74 (up from NT$1.60 in FY 2021). Revenue: NT$713.9m (down 14% from FY 2021). Net income: NT$76.9m (up 28% from FY 2021). Profit margin: 11% (up from 7.3% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$36.00, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 141% over the past three years. Board Change • Nov 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Wen-Ji Chein was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.63 (vs NT$0.70 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.63. Revenue: NT$158.5m (down 32% from 3Q 2021). Net income: NT$27.8m (up 9.4% from 3Q 2021). Profit margin: 18% (up from 11% in 3Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 16% share price gain to NT$27.40, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 30% over the past three years. Duyuru • Nov 02
Ene Technology Inc. Appoints David Hwang as New General Manager on Board Ene Technology Inc. announced new general manager on board. Name of the new position holder: David Hwang. Resume of the new position holder:Senior VP, Egis Technology Inc. Effective date of the new appointment is November 1, 20222. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$23.00, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 5.9% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$23.50, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 3.0% over the past three years. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: NT$0.51 (vs NT$0.18 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.51 (up from NT$0.18 in 2Q 2021). Revenue: NT$174.2m (down 19% from 2Q 2021). Net income: NT$22.3m (up 239% from 2Q 2021). Profit margin: 13% (up from 3.1% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Jul 31
High number of new directors Independent Director Wen-Ji Cheng was the last director to join the board, commencing their role in 2022. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$32.85, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 77% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of NT$1.17 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 22 July 2022. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (6.4%). In line with average of industry peers (3.4%). Reported Earnings • May 11
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: NT$0.65 (up from NT$0.37 in 1Q 2021). Revenue: NT$210.6m (up 13% from 1Q 2021). Net income: NT$29.0m (up 118% from 1Q 2021). Profit margin: 14% (up from 7.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Shen-Yuan Chen 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 • Mar 31
Investor sentiment improved over the past week After last week's 17% share price gain to NT$53.90, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 135% over the past three years. Reported Earnings • Mar 16
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: NT$1.60 (up from NT$1.69 loss in FY 2020). Revenue: NT$826.8m (up 30% from FY 2020). Net income: NT$60.3m (up NT$121.7m from FY 2020). Profit margin: 7.3% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates. 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 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.15 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$234.1m (up 19% from 3Q 2020). Net income: NT$25.4m (up NT$31.0m from 3Q 2020). Profit margin: 11% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS NT$0.09 (vs NT$0.22 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$214.3m (up 39% from 2Q 2020). Net income: NT$6.58m (up NT$23.1m from 2Q 2020). Profit margin: 3.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 06
First quarter 2021 earnings released: EPS NT$0.18 (vs NT$0.13 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$186.4m (up 51% from 1Q 2020). Net income: NT$13.3m (up NT$23.0m from 1Q 2020). Profit margin: 7.1% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Is New 90 Day High Low • Mar 15
New 90-day high: NT$18.60 The company is up 43% from a price of NT$13.05 on 15 December 2020. Outperformed the Taiwanese market which is up 14% over the last 90 days. Exceeded the Semiconductor industry, which is up 20% over the same period. Reported Earnings • Mar 13
Full year 2020 earnings released: NT$0.82 loss per share (vs NT$0.87 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: NT$636.5m (up 14% from FY 2019). Net loss: NT$61.4m (loss narrowed 6.0% from FY 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 12
Ene Technology Inc., Annual General Meeting, Jun 03, 2021 Ene Technology Inc., Annual General Meeting, Jun 03, 2021. Location: Room 202, ASIP, Hsinchu, No.2 Prosperity Rd 1, Hsinchu Taiwan Agenda: To consider 2020 business report; to consider 2021 Audit Committee's Review Report on 2020 Financial Statements; to consider to adopt 2020 Business Report and Financial Statements; and to consider approve the proposal for 2020 Deficit Appropriation. Is New 90 Day High Low • Jan 04
New 90-day high: NT$15.40 The company is up 24% from its price of NT$12.40 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: NT$14.70 The company is up 15% from its price of NT$12.80 on 08 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 21% over the same period. Reported Earnings • Nov 05
Third quarter 2020 earnings released: NT$0.07 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: NT$197.3m (up 28% from 3Q 2019). Net loss: NT$5.53m (loss narrowed 55% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.