Duyuru • Mar 16
Megaforce Company Limited, Annual General Meeting, Jun 08, 2026 Megaforce Company Limited, Annual General Meeting, Jun 08, 2026. Location: 3 floor no,631, chung cheng rd., jhonghe district, new taipei city Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$0.46 (vs NT$0.12 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.46 (up from NT$0.12 in 3Q 2024). Revenue: NT$1.09b (down 9.6% from 3Q 2024). Net income: NT$60.0m (up 292% from 3Q 2024). Profit margin: 5.5% (up from 1.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.50 loss per share (vs NT$0.10 profit in 2Q 2024) Second quarter 2025 results: NT$0.50 loss per share (down from NT$0.10 profit in 2Q 2024). Revenue: NT$917.2m (down 11% from 2Q 2024). Net loss: NT$66.2m (down NT$79.7m from profit in 2Q 2024). 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 32% per year, which means it is significantly lagging earnings growth. New Risk • May 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 10% 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 (10% average weekly change). Earnings have declined by 20% per year over the past 5 years. Buy Or Sell Opportunity • May 14
Now 22% overvalued Over the last 90 days, the stock has fallen 28% to NT$29.70. The fair value is estimated to be NT$24.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.2% over the last 3 years. Earnings per share has grown by 68%. Duyuru • May 01
Megaforce Company Limited to Report Q1, 2025 Results on May 09, 2025 Megaforce Company Limited announced that they will report Q1, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$27.10, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 23% over the past three years. New Risk • Apr 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.29b (US$99.7m) 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 Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$3.29b market cap, or US$99.7m). Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$30.65, the stock trades at a trailing P/E ratio of 53.5x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 38% over the past three years. Upcoming Dividend • Mar 25
Upcoming dividend of NT$0.38 per share Eligible shareholders must have bought the stock before 01 April 2025. Payment date: 07 May 2025. The company last paid an ordinary dividend in March 2016. The average dividend yield among industry peers is 3.0%. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.57 (vs NT$0.99 loss in FY 2023) Full year 2024 results: EPS: NT$0.57 (up from NT$0.99 loss in FY 2023). Revenue: NT$4.31b (up 4.2% from FY 2023). Net income: NT$75.6m (up NT$205.0m from FY 2023). Profit margin: 1.8% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 18
Megaforce Company Limited, Annual General Meeting, Jun 05, 2025 Megaforce Company Limited, Annual General Meeting, Jun 05, 2025, at 09:30 Taipei Standard Time. Location: 3 floor no,631, chung cheng rd., jhonghe district, new taipei city Taiwan New Risk • Feb 03
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 8.0% 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 (8.0% average weekly change). Earnings have declined by 31% per year over the past 5 years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$36.50, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 40% over the past three years. New Risk • Jan 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 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 31% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.10 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.12 (up from NT$0.10 in 3Q 2023). Revenue: NT$1.21b (down 7.7% from 3Q 2023). Net income: NT$15.3m (up 17% from 3Q 2023). Profit margin: 1.3% (up from 1.0% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 02
Megaforce Company Limited to Report Q2, 2024 Results on Aug 09, 2024 Megaforce Company Limited announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$0.067 (vs NT$0.81 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.067 (up from NT$0.81 loss in 1Q 2023). Revenue: NT$996.9m (up 20% from 1Q 2023). Net income: NT$8.72m (up NT$113.7m from 1Q 2023). Profit margin: 0.9% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Duyuru • May 05
Megaforce Company Limited to Report Q1, 2024 Results on May 03, 2024 Megaforce Company Limited announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 03, 2024 Duyuru • Apr 04
Megaforce Company Limited Approves Election of Independent Directors in 2024 Megaforce Company Limited elected CPA Wan-Hua, Hsieh as Independent Director in place of Chun-Nan, Pai. Effective date of the new appointment on April 3, 2024. Buy Or Sell Opportunity • Apr 03
Now 20% undervalued Over the last 90 days, the stock has risen 121% to NT$42.20. The fair value is estimated to be NT$52.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 19
Full year 2023 earnings released: NT$0.99 loss per share (vs NT$1.20 loss in FY 2022) Full year 2023 results: NT$0.99 loss per share (improved from NT$1.20 loss in FY 2022). Revenue: NT$4.14b (down 14% from FY 2022). Net loss: NT$129.4m (loss narrowed 17% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 19
Now 23% undervalued Over the last 90 days, the stock has risen 113% to NT$40.70. The fair value is estimated to be NT$52.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Mar 16
Megaforce Company Limited, Annual General Meeting, Jun 07, 2024 Megaforce Company Limited, Annual General Meeting, Jun 07, 2024. Location: No. 631,Zhongzheng Road, Zhonghe District, New Taipei City (East Hall,3rd Floor, Longshanlin RSL Hotel Taipei Zhonghe) New Taipei City Taiwan Agenda: To consider 2023 Business Report; 2023 Audit Committee's review report; To report 2023 employee's profit sharing and directors' compensation; and to discuss Other reporting matters. New Risk • Jan 30
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: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$0.10 (vs NT$0.42 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.10 (down from NT$0.42 in 3Q 2022). Revenue: NT$1.31b (down 15% from 3Q 2022). Net income: NT$13.1m (down 76% from 3Q 2022). Profit margin: 1.0% (down from 3.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2023 earnings released: NT$0.47 loss per share (vs NT$1.08 loss in 2Q 2022) Second quarter 2023 results: NT$0.47 loss per share (improved from NT$1.08 loss in 2Q 2022). Revenue: NT$871.1m (up 3.2% from 2Q 2022). Net loss: NT$60.5m (loss narrowed 57% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.42 (vs NT$0.27 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.42 (up from NT$0.27 loss in 3Q 2021). Revenue: NT$1.55b (up 16% from 3Q 2021). Net income: NT$54.5m (up NT$89.5m from 3Q 2021). Profit margin: 3.5% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Nov 16
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. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Director Lee-Li Lu was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.42 (vs NT$0.27 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.42 (up from NT$0.27 loss in 3Q 2021). Revenue: NT$1.55b (up 16% from 3Q 2021). Net income: NT$54.5m (up NT$89.5m from 3Q 2021). Profit margin: 3.5% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 14
Second quarter 2022 earnings released: NT$1.08 loss per share (vs NT$0.14 profit in 2Q 2021) Second quarter 2022 results: NT$1.08 loss per share (down from NT$0.14 profit in 2Q 2021). Revenue: NT$843.8m (down 31% from 2Q 2021). Net loss: NT$140.8m (down NT$158.8m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of NT$0.25 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 27 July 2022. The company is not currently making a profit and its cash payout ratio is 90%. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (6.2%). Lower than average of industry peers (4.5%). Reported Earnings • May 08
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: NT$0.32 loss per share (down from NT$0.17 profit in 1Q 2021). Revenue: NT$1.24b (down 5.5% from 1Q 2021). Net loss: NT$41.9m (down 293% from profit in 1Q 2021). Revenue missed analyst estimates by 83%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% 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. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Director Lee-Li Lu was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$0.18 (down from NT$0.65 in FY 2020). Revenue: NT$5.32b (up 4.4% from FY 2020). Net income: NT$24.0m (down 72% from FY 2020). Profit margin: 0.5% (down from 1.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 83%. Earnings per share (EPS) also missed analyst estimates by 81%. 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 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 17% share price gain to NT$27.50, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 21% share price gain to NT$26.20, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 117% over the past three years. Reported Earnings • Nov 10
Third quarter 2021 earnings released: NT$0.27 loss per share (vs NT$0.85 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$1.33b (down 18% from 3Q 2020). Net loss: NT$35.0m (down 131% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 22% share price gain to NT$22.60, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 21% share price gain to NT$21.40, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 91% over the past three years. Upcoming Dividend • Aug 17
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 24 August 2021. Payment date: 16 September 2021. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%). Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$0.14 (vs NT$0.30 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.23b (up 7.7% from 2Q 2020). Net income: NT$18.0m (down 54% from 2Q 2020). Profit margin: 1.5% (down from 3.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$19.55, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 24% over the past three years. Reported Earnings • May 05
First quarter 2021 earnings released: EPS NT$0.16 (vs NT$1.18 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$1.31b (up 113% from 1Q 2020). Net income: NT$21.7m (up NT$177.2m from 1Q 2020). Profit margin: 1.7% (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 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$26.10, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 48% over the past three years. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS NT$0.65 (vs NT$0.23 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.09b (up 1.9% from FY 2019). Net income: NT$85.7m (up 181% from FY 2019). Profit margin: 1.7% (up from 0.6% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Duyuru • Mar 21
Megaforce Company Limited, Annual General Meeting, Jun 07, 2021 Megaforce Company Limited, Annual General Meeting, Jun 07, 2021. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.85 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.63b (up 4.3% from 3Q 2019). Net income: NT$111.8m (up 57% from 3Q 2019). Profit margin: 6.8% (up from 4.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 106% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 09
New 90-day high: NT$17.70 The company is up 25% from its price of NT$14.15 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period.