Declared Dividend • May 30
Dividend increased to NT$3.00 Dividend of NT$3.00 is 0.1% higher than last year. Ex-date: 26th June 2026 Payment date: 24th July 2026 Dividend yield will be 0.6%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 64%. Cash payout ratio: 46%. Reported Earnings • May 09
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: NT$1.50 (up from NT$0.85 in 1Q 2025). Revenue: NT$2.35b (up 8.0% from 1Q 2025). Net income: NT$475.9m (up 77% from 1Q 2025). Profit margin: 20% (up from 12% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 49%. Revenue is forecast to grow 12% p.a. on average during the next 3 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 27% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 08
Price target increased by 50% to NT$380 Up from NT$254, the current price target is an average from 2 analysts. New target price is 37% below last closing price of NT$603. Stock is up 194% over the past year. The company is forecast to post earnings per share of NT$5.44 for next year compared to NT$4.01 last year. New Risk • Mar 09
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 7.4% 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 • Mar 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$312, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Feb 13
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: NT$4.01 (down from NT$5.49 in FY 2024). Revenue: NT$8.94b (down 11% from FY 2024). Net income: NT$1.27b (down 27% from FY 2024). Profit margin: 14% (down from 17% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 13
VisEra Technologies Company Ltd., Annual General Meeting, May 27, 2026 VisEra Technologies Company Ltd., Annual General Meeting, May 27, 2026. Location: no,88, chuang ching 1st rd., jhubei city, hsinchu county Taiwan Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$263, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 13% over the past three years. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: NT$1.09 (vs NT$1.82 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.09 (down from NT$1.82 in 3Q 2024). Revenue: NT$2.26b (down 18% from 3Q 2024). Net income: NT$346.3m (down 40% from 3Q 2024). Profit margin: 15% (down from 21% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 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 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$321, the stock trades at a forward P/E ratio of 69x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 10% over the past three years. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$0.86 (vs NT$1.34 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.86 (down from NT$1.34 in 2Q 2024). Revenue: NT$2.22b (down 9.6% from 2Q 2024). Net income: NT$273.2m (down 36% from 2Q 2024). Profit margin: 12% (down from 17% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 08
Price target decreased by 9.6% to NT$244 Down from NT$270, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$234. Stock is down 17% over the past year. The company is forecast to post earnings per share of NT$3.52 for next year compared to NT$5.49 last year. Major Estimate Revision • Aug 08
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$10.2b to NT$9.06b. EPS estimate fell from NT$6.05 to NT$3.67 per share. Net income forecast to shrink 21% next year vs 14% growth forecast for Semiconductor industry in Taiwan . Consensus price target broadly unchanged at NT$268. Share price was steady at NT$234 over the past week. Upcoming Dividend • Jun 20
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.3%). Declared Dividend • May 31
Dividend of NT$3.00 announced Shareholders will receive a dividend of NT$3.00. Ex-date: 27th June 2025 Payment date: 25th July 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 11% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 30
VisEra Technologies Company Ltd. Announces Cash Dividend, Payable on July 25, 2025 VisEra Technologies Company Ltd. announced cash dividend of TWD 952,023,357. Ex-rights (ex-dividend) trading date is June 27, 2025. Ex-rights (ex-dividend) record date is July 5, 2025. Payment date of common stock cash dividend distribution is July 25, 2025. Reported Earnings • May 09
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: NT$0.85 (up from NT$0.57 in 1Q 2024). Revenue: NT$2.17b (up 3.1% from 1Q 2024). Net income: NT$269.4m (up 48% from 1Q 2024). Profit margin: 12% (up from 8.6% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Price Target Changed • May 09
Price target decreased by 11% to NT$270 Down from NT$304, the current price target is an average from 3 analysts. New target price is 32% above last closing price of NT$205. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$5.52 for next year compared to NT$5.49 last year. Duyuru • May 01
VisEra Technologies Company Ltd. to Report Q1, 2025 Results on May 08, 2025 VisEra Technologies Company Ltd. announced that they will report Q1, 2025 results on May 08, 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$185, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total loss to shareholders of 55% over the past three years. Reported Earnings • Feb 24
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: NT$5.49 (up from NT$1.13 in FY 2023). Revenue: NT$10.0b (up 38% from FY 2023). Net income: NT$1.74b (up 388% from FY 2023). Profit margin: 17% (up from 4.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.5% 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 fallen by 41% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Duyuru • Feb 21
VisEra Technologies Company Ltd., Annual General Meeting, May 22, 2025 VisEra Technologies Company Ltd., Annual General Meeting, May 22, 2025. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan Major Estimate Revision • Feb 21
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$10.8b to NT$10.0b. EPS estimate also fell from NT$7.20 per share to NT$6.16 per share. Net income forecast to grow 56% next year vs 29% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$320 to NT$304. Share price was steady at NT$309 over the past week. Price Target Changed • Feb 21
Price target decreased by 7.7% to NT$296 Down from NT$320, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$310. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of NT$5.46 for next year compared to NT$1.13 last year. New Risk • Feb 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 6.2% 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. Duyuru • Feb 13
VisEra Technologies Company Ltd. to Report Q4, 2024 Results on Feb 20, 2025 VisEra Technologies Company Ltd. announced that they will report Q4, 2024 results on Feb 20, 2025 Reported Earnings • Nov 05
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: NT$1.82 (up from NT$0.21 in 3Q 2023). Revenue: NT$2.75b (up 50% from 3Q 2023). Net income: NT$576.3m (up NT$509.1m from 3Q 2023). Profit margin: 21% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Duyuru • Oct 25
VisEra Technologies Company Ltd. to Report Q3, 2024 Results on Nov 01, 2024 VisEra Technologies Company Ltd. announced that they will report Q3, 2024 results on Nov 01, 2024 Price Target Changed • Aug 03
Price target decreased by 8.1% to NT$370 Down from NT$403, the current price target is an average from 2 analysts. New target price is 22% above last closing price of NT$304. Stock is up 40% over the past year. The company is forecast to post earnings per share of NT$5.06 for next year compared to NT$1.13 last year. Reported Earnings • Aug 02
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: NT$1.34 (up from NT$0.57 in 2Q 2023). Revenue: NT$2.45b (up 27% from 2Q 2023). Net income: NT$423.6m (up 136% from 2Q 2023). Profit margin: 17% (up from 9.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Duyuru • Jul 25
VisEra Technologies Company Ltd. to Report Q2, 2024 Results on Aug 01, 2024 VisEra Technologies Company Ltd. announced that they will report Q2, 2024 results on Aug 01, 2024 Declared Dividend • Jun 05
Dividend reduced to NT$1.00 Dividend of NT$1.00 is 50% lower than last year. Ex-date: 2nd July 2024 Payment date: 26th July 2024 Dividend yield will be 0.3%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 69%. Cash payout ratio: 19%. Major Estimate Revision • May 21
Consensus EPS estimates fall by 25%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from NT$10.0b to NT$10.2b. EPS estimate fell from NT$6.68 to NT$5.04 per share. Net income forecast to grow 323% next year vs 29% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$420 to NT$380. Share price was steady at NT$261 over the past week. Reported Earnings • May 11
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: NT$0.57 (up from NT$0.24 in 1Q 2023). Revenue: NT$2.11b (up 33% from 1Q 2023). Net income: NT$181.9m (up 136% from 1Q 2023). Profit margin: 8.6% (up from 4.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 36% 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 fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Duyuru • May 03
VisEra Technologies Company Ltd. to Report Q1, 2024 Results on May 09, 2024 VisEra Technologies Company Ltd. announced that they will report Q1, 2024 results on May 09, 2024 Major Estimate Revision • Mar 21
Consensus EPS estimates increase by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$9.39b to NT$10.0b. EPS estimate increased from NT$5.11 to NT$6.68 per share. Net income forecast to grow 493% next year vs 24% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$390 to NT$420. Share price rose 5.8% to NT$300 over the past week. New Risk • Nov 21
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 5.5% 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 Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin). Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: NT$0.21 (vs NT$1.21 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.21 (down from NT$1.21 in 3Q 2022). Revenue: NT$1.83b (down 17% from 3Q 2022). Net income: NT$67.2m (down 82% from 3Q 2022). Profit margin: 3.7% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Duyuru • Aug 11
VisEra Technologies Company Ltd. Appoints Han-Fei Lin as A Member of Compensation Committee Board of Directors of VisEra Technologies Company Ltd. approved appointment of Mr. Han-Fei Lin as a member of the Compensation Committee of the company. Resume of the new position holder: Easywell Biomedicals Inc. - Chairman and CEO. Effective date of the new member: August 10, 2023. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.57 (vs NT$2.13 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.57 (down from NT$2.13 in 2Q 2022). Revenue: NT$1.94b (down 27% from 2Q 2022). Net income: NT$179.5m (down 71% from 2Q 2022). Profit margin: 9.3% (down from 24% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Semiconductor industry in Taiwan. Upcoming Dividend • Jun 22
Upcoming dividend of NT$2.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 26 July 2023. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 0.7%. 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 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$277, the stock trades at a trailing P/E ratio of 66.3x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total loss to shareholders of 30% over the past year. Duyuru • May 25
VisEra Technologies Company Ltd. Elects Han-Fei Lin as Independent Director VisEra Technologies Company Ltd. elected Han-Fei Lin as independent director, effective May 24, 2023. Resume of the new position holder: independent director Han-Fei Lin, Easywell Biomedicals Inc. - Chairman and CEO. Reason for the change: Annual General Shareholders' meeting elect one additional Independent Director. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director George Liu is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 13
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: NT$1.21 (down from NT$2.78 in 3Q 2021). Revenue: NT$2.21b (down 22% from 3Q 2021). Net income: NT$381.8m (down 53% from 3Q 2021). Profit margin: 17% (down from 28% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Semiconductor industry in Taiwan. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 17% share price gain to NT$198, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Semiconductor industry in Taiwan. Total loss to shareholders of 57% over the past year. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$192, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total loss to shareholders of 55% over the past year. Reported Earnings • Aug 16
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: NT$2.12. Net income: NT$624.1m (up NT$624.1m from 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 32%, compared to a 20% growth forecast for the Semiconductor industry in Taiwan. Duyuru • Aug 11
VisEra Technologies Company Ltd. Announces President Changes VisEra Technologies Company Ltd. announced that Mr. SC Sin, the president, will retire on August 31, 2022, and then will be hired as the position of senior consultant. Since September 1, 2022, Mr. Robert Kuan, the chairman, will be appointed as the new president of VisEra. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 16% share price gain to NT$340, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total loss to shareholders of 27% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$523 per share. Upcoming Dividend • Jul 07
Upcoming dividend of NT$1.86 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 11 August 2022. Payout ratio is a comfortable 24% and the cash payout ratio is 82%. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (4.1%). Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$302, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total loss to shareholders of 35% over the past year. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director George Liu is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$7.41 (up from NT$7.18 in FY 2020). Revenue: NT$9.03b (up 30% from FY 2020). Net income: NT$2.17b (up 3.6% from FY 2020). Profit margin: 24% (down from 30% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Duyuru • Feb 25
VisEra Technologies Company Ltd., Annual General Meeting, May 24, 2022 VisEra Technologies Company Ltd., Annual General Meeting, May 24, 2022. Location: Einstein Hall, 2F., No. 1 Gongye E. 2nd Rd., Hsinchu Science Park Hsinchu City Taiwan Agenda: To report the business of 2021; to consider audit committee's review report; to report 2021 employees' and directors' compensation; to accept 2021 Business Report and Financial Statements; to accept 2021 earnings distribution; to revise the Articles of Incorporation; to revise the Procedures for Acquisition or Disposal of Assets; and to consider other matters. Duyuru • Feb 24
VisEra Technologies Company Ltd. Declares Cash Dividend for the Year Ended December 31, 2021 VisEra Technologies Company Ltd. declared cash dividend of TWD 2.0 per share for the year ended December 31, 2021. Reported Earnings • Jan 02
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: NT$2.78 (up from NT$1.79 in 3Q 2020). Revenue: NT$2.86b (up 61% from 3Q 2020). Net income: NT$814.2m (up 56% from 3Q 2020). Profit margin: 28% (down from 30% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Reported Earnings • Aug 18
First half 2021 earnings released: EPS NT$2.85 (vs NT$3.86 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: NT$3.79b (up 11% from 1H 2020). Net income: NT$830.9m (down 26% from 1H 2020). Profit margin: 22% (down from 33% in 1H 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 19% share price gain to NT$410, the stock trades at a trailing P/E ratio of 57x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$395, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan.