Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$2.38 (vs NT$3.44 in FY 2024) Full year 2025 results: EPS: NT$2.38 (down from NT$3.44 in FY 2024). Revenue: NT$614.4m (down 21% from FY 2024). Net income: NT$62.8m (down 31% from FY 2024). Profit margin: 10% (down from 12% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Duyuru • Mar 10
Tai Shing Electronics Components Corporation, Annual General Meeting, Jun 22, 2026 Tai Shing Electronics Components Corporation, Annual General Meeting, Jun 22, 2026, at 09:30 Taipei Standard Time. Location: no,4, kung yeh 6th rd., pingjhen district, taoyuan city Taiwan Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$46.50, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 44% over the past three years. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: NT$0.57 (vs NT$0.95 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.57 (down from NT$0.95 in 3Q 2024). Revenue: NT$122.8m (down 42% from 3Q 2024). Net income: NT$15.1m (down 40% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$0.75 (vs NT$0.92 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.75 (down from NT$0.92 in 2Q 2024). Revenue: NT$167.3m (down 12% from 2Q 2024). Net income: NT$19.8m (down 19% from 2Q 2024). Profit margin: 12% (down from 13% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 10
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 70% and the cash payout ratio is 75%. Trailing yield: 5.7%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.1%). Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$0.77 (vs NT$0.61 in 1Q 2024) First quarter 2025 results: EPS: NT$0.77 (up from NT$0.61 in 1Q 2024). Revenue: NT$201.8m (up 15% from 1Q 2024). Net income: NT$20.3m (up 25% from 1Q 2024). Profit margin: 10.0% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Duyuru • Apr 27
Tai Shing Electronics Components Corporation to Report Q1, 2025 Results on May 05, 2025 Tai Shing Electronics Components Corporation announced that they will report Q1, 2025 results on May 05, 2025 Buy Or Sell Opportunity • Apr 10
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to NT$43.00. The fair value is estimated to be NT$35.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.3%. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$39.65, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$3.44 (vs NT$2.36 in FY 2023) Full year 2024 results: EPS: NT$3.44 (up from NT$2.36 in FY 2023). Revenue: NT$781.5m (up 23% from FY 2023). Net income: NT$90.8m (up 46% from FY 2023). Profit margin: 12% (up from 9.8% in FY 2023). The increase in margin was driven by higher revenue. 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 9% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 12
Tai Shing Electronics Components Corporation, Annual General Meeting, May 28, 2025 Tai Shing Electronics Components Corporation, Annual General Meeting, May 28, 2025, at 09:30 Taipei Standard Time. Location: no,4, kung yeh 6th rd., pingjhen district, taoyuan city Taiwan Duyuru • Feb 28
Tai Shing Electronics Components Corporation to Report Fiscal Year 2024 Results on Mar 10, 2025 Tai Shing Electronics Components Corporation announced that they will report fiscal year 2024 results on Mar 10, 2025 Board Change • Dec 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Li-Feng Liu was the last independent director to join the board, commencing their role in 2019. 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 18
Third quarter 2024 earnings released: EPS: NT$0.95 (vs NT$0.62 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.95 (up from NT$0.62 in 3Q 2023). Revenue: NT$209.8m (up 46% from 3Q 2023). Net income: NT$25.0m (up 52% from 3Q 2023). Profit margin: 12% (in line with 3Q 2023). 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. Duyuru • Oct 26
Tai Shing Electronics Components Corporation to Report Q3, 2024 Results on Nov 04, 2024 Tai Shing Electronics Components Corporation announced that they will report Q3, 2024 results on Nov 04, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.92 (vs NT$0.72 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.92 (up from NT$0.72 in 2Q 2023). Revenue: NT$189.9m (up 17% from 2Q 2023). Net income: NT$24.3m (up 27% from 2Q 2023). Profit margin: 13% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. 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 10% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 03
Tai Shing Electronics Components Corporation to Report Q2, 2024 Results on Aug 12, 2024 Tai Shing Electronics Components Corporation announced that they will report Q2, 2024 results on Aug 12, 2024 Upcoming Dividend • Jul 25
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 01 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 78%, and the cash payout ratio is above 100%. Trailing yield: 4.6%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.7%). Declared Dividend • Jun 27
Dividend reduced to NT$2.00 Dividend of NT$2.00 is 13% lower than last year. Ex-date: 1st August 2024 Payment date: 30th August 2024 Dividend yield will be 4.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 14% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.7% EPS decline seen over the last 5 years. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: NT$0.61 (vs NT$0.40 in 1Q 2023) First quarter 2024 results: EPS: NT$0.61 (up from NT$0.40 in 1Q 2023). Revenue: NT$175.2m (up 12% from 1Q 2023). Net income: NT$16.2m (up 55% from 1Q 2023). Profit margin: 9.3% (up from 6.7% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Duyuru • Apr 28
Tai Shing Electronics Components Corporation to Report Q1, 2024 Results on May 06, 2024 Tai Shing Electronics Components Corporation announced that they will report Q1, 2024 results on May 06, 2024 Buy Or Sell Opportunity • Apr 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.6% to NT$43.45. The fair value is estimated to be NT$36.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.6%. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$2.36 (vs NT$2.83 in FY 2022) Full year 2023 results: EPS: NT$2.36 (down from NT$2.83 in FY 2022). Revenue: NT$635.2m (down 11% from FY 2022). Net income: NT$62.3m (down 17% from FY 2022). Profit margin: 9.8% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Duyuru • Mar 12
Tai Shing Electronics Components Corporation, Annual General Meeting, May 30, 2024 Tai Shing Electronics Components Corporation, Annual General Meeting, May 30, 2024. Location: No.4, Kung Yeh 6th Rd Ping Cheng Industrial District Tao Yuan City Taiwan Agenda: To consider report the business of 2023; to consider Audit Committee's review report; to consider report 2023 employees' profit sharing bonus and director compensation; to consider 2023 Annual Earnings Cash Dividend Distribution Report; to accept 2023 Business Report and Financial Statements; to approve the proposal of distribution of 2023 earnings; to consider amendment to the company's ”Articles of Association”; and to consider other matters. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$0.62 (vs NT$0.76 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.62 (down from NT$0.76 in 3Q 2022). Revenue: NT$143.9m (down 23% from 3Q 2022). Net income: NT$16.4m (down 18% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$0.72 (vs NT$1.05 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.72 (down from NT$1.05 in 2Q 2022). Revenue: NT$163.0m (down 15% from 2Q 2022). Net income: NT$19.1m (down 31% from 2Q 2022). Profit margin: 12% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 20
Upcoming dividend of NT$2.30 per share at 5.8% yield Eligible shareholders must have bought the stock before 27 July 2023. Payment date: 30 August 2023. Payout ratio and cash payout ratio are on the higher end at 84% and 95% respectively. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%). Reported Earnings • May 14
First quarter 2023 earnings released: EPS: NT$0.40 (vs NT$0.49 in 1Q 2022) First quarter 2023 results: EPS: NT$0.40 (down from NT$0.49 in 1Q 2022). Revenue: NT$156.0m (down 4.2% from 1Q 2022). Net income: NT$10.5m (down 19% from 1Q 2022). Profit margin: 6.7% (down from 7.9% in 1Q 2022). The decrease in margin was driven by lower revenue. 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 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: NT$2.83 (vs NT$2.48 in FY 2021) Full year 2022 results: EPS: NT$2.83 (up from NT$2.48 in FY 2021). Revenue: NT$717.0m (flat on FY 2021). Net income: NT$74.6m (up 14% from FY 2021). Profit margin: 10% (up from 9.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Li-Feng Liu was the last independent director to join the board, commencing their role in 2019. 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 • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.05 (vs NT$0.54 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.05 (up from NT$0.54 in 2Q 2021). Revenue: NT$191.2m (up 12% from 2Q 2021). Net income: NT$27.7m (up 94% from 2Q 2021). Profit margin: 14% (up from 8.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 15
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 22 July 2022. Payment date: 31 August 2022. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.8%). Reported Earnings • May 11
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$0.49 (up from NT$0.36 in 1Q 2021). Revenue: NT$162.8m (up 14% from 1Q 2021). Net income: NT$12.9m (up 36% from 1Q 2021). Profit margin: 7.9% (up from 6.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. Board Change • Apr 27
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. 5 non-independent directors. Independent Director Li-Feng Liu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 12
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$2.48 (up from NT$2.16 in FY 2020). Revenue: NT$711.9m (up 20% from FY 2020). Net income: NT$65.5m (up 15% from FY 2020). Profit margin: 9.2% (in line with FY 2020). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$0.84 (vs NT$0.72 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$200.0m (up 25% from 3Q 2020). Net income: NT$22.2m (up 17% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% 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. Upcoming Dividend • Aug 19
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 15 September 2021. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%). Reported Earnings • May 17
First quarter 2021 earnings released: EPS NT$0.36 (vs NT$0.46 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$142.9m (up 14% from 1Q 2020). Net income: NT$9.52m (down 21% from 1Q 2020). Profit margin: 6.7% (down from 9.6% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$2.16 (vs NT$2.21 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$592.8m (down 2.7% from FY 2019). Net income: NT$57.1m (down 2.2% from FY 2019). Profit margin: 9.6% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Duyuru • Mar 19
Tai Shing Electronics Components Corporation, Annual General Meeting, Jun 10, 2021 Tai Shing Electronics Components Corporation, Annual General Meeting, Jun 10, 2021. Is New 90 Day High Low • Jan 21
New 90-day low: NT$38.10 The company is down 15% from its price of NT$45.00 on 23 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.72 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$160.6m (down 8.0% from 3Q 2019). Net income: NT$19.0m (down 21% from 3Q 2019). Profit margin: 12% (down from 14% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 07
New 90-day high: NT$48.45 The company is up 23% from its price of NT$39.40 on 07 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. Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 18% share price gain to NT$44.40, the stock is trading at a trailing P/E ratio of 21.2x, up from the previous P/E ratio of 18x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total return to shareholders over the past three years is a loss of 19%. Is New 90 Day High Low • Oct 12
New 90-day high: NT$44.40 The company is up 11% from its price of NT$40.00 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period.