New Risk • May 04
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 9.1% 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 9.8% per year over the past 5 years. 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 (9.1% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (NT$2.11b market cap, or US$66.8m). Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$43.00, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total returns to shareholders of 11% over the past three years. New Risk • Apr 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.2% Last year net profit margin: 9.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (NT$2.21b market cap, or US$69.5m). Upcoming Dividend • Mar 20
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 27 March 2026. Payment date: 04 May 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.6%). Duyuru • Mar 11
Solid Year Co., Ltd., Annual General Meeting, May 29, 2026 Solid Year Co., Ltd., Annual General Meeting, May 29, 2026, at 10:00 Taipei Standard Time. Location: no,3 pao hsi ln., sioushuei township, changhua county Taiwan New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.58b market cap, or US$82.1m). Upcoming Dividend • Dec 29
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 05 January 2026. Payment date: 30 January 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.4%). New Risk • Oct 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.01b (US$98.2m) 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 4.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.01b market cap, or US$98.2m). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$55.50, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 52% over the past three years. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$1.62 (vs NT$2.17 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.62 (down from NT$2.17 in 2Q 2024). Revenue: NT$781.3m (down 40% from 2Q 2024). Net income: NT$97.1m (down 25% from 2Q 2024). Profit margin: 12% (up from 9.9% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 12
First quarter 2025 earnings released: EPS: NT$0.68 (vs NT$1.09 in 1Q 2024) First quarter 2025 results: EPS: NT$0.68 (down from NT$1.09 in 1Q 2024). Revenue: NT$768.0m (down 27% from 1Q 2024). Net income: NT$41.0m (down 37% from 1Q 2024). Profit margin: 5.3% (down from 6.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 02
Full year 2024 earnings released: EPS: NT$7.36 (vs NT$3.68 in FY 2023) Full year 2024 results: EPS: NT$7.36 (up from NT$3.68 in FY 2023). Revenue: NT$4.71b (up 42% from FY 2023). Net income: NT$442.1m (up 100% from FY 2023). Profit margin: 9.4% (up from 6.6% 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 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Apr 07
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: Major Risk Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). 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 (7.5% average weekly change). Market cap is less than US$100m (NT$2.76b market cap, or US$83.6m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$46.50, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 20x in the Tech industry in Taiwan. Negligible returns to shareholders over past three years. Upcoming Dividend • Mar 21
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 02 May 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (3.7%). Duyuru • Mar 14
Solid Year Co., Ltd., Annual General Meeting, May 30, 2025 Solid Year Co., Ltd., Annual General Meeting, May 30, 2025. Location: no,3 pao hsi ln., sioushuei township, changhua county Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Dec 09
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 16 December 2024. Payment date: 10 January 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$2.17 (vs NT$0.91 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.17 (up from NT$0.91 in 2Q 2023). Revenue: NT$1.31b (up 65% from 2Q 2023). Net income: NT$130.0m (up 137% from 2Q 2023). Profit margin: 9.9% (up from 6.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% 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. Reported Earnings • Jul 02
First quarter 2024 earnings released: EPS: NT$1.09 (vs NT$0.05 in 1Q 2023) First quarter 2024 results: EPS: NT$1.09 (up from NT$0.05 in 1Q 2023). Revenue: NT$1.05b (up 50% from 1Q 2023). Net income: NT$65.5m (up NT$62.6m from 1Q 2023). Profit margin: 6.2% (up from 0.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 01
Now 38% overvalued after recent price rise Over the last 90 days, the stock has risen 67% to NT$75.10. The fair value is estimated to be NT$54.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 43%. Buy Or Sell Opportunity • Jun 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to NT$64.90. The fair value is estimated to be NT$53.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 43%. Buy Or Sell Opportunity • Jun 12
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to NT$65.10. The fair value is estimated to be NT$53.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 43%. Buy Or Sell Opportunity • May 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 48% to NT$65.30. The fair value is estimated to be NT$53.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 43%. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$63.70, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 23x in the Tech industry in Taiwan. Negligible returns to shareholders over past three years. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: NT$3.67 (vs NT$4.60 in FY 2022) Full year 2023 results: EPS: NT$3.67 (down from NT$4.60 in FY 2022). Revenue: NT$3.32b (down 24% from FY 2022). Net income: NT$220.7m (down 20% from FY 2022). Profit margin: 6.6% (up from 6.3% in FY 2022). The increase in margin was driven by lower expenses. 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 19% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 21
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.7%). Higher than average of industry peers (3.1%). Duyuru • Mar 16
Solid Year Co., Ltd., Annual General Meeting, May 30, 2024 Solid Year Co., Ltd., Annual General Meeting, May 30, 2024. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.59b market cap, or US$81.9m). Upcoming Dividend • Dec 26
Upcoming dividend of NT$0.90 per share at 4.5% yield Eligible shareholders must have bought the stock before 02 January 2024. Payment date: 24 January 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%). Reported Earnings • Aug 13
First half 2023 earnings released: EPS: NT$0.96 (vs NT$2.42 in 1H 2022) First half 2023 results: EPS: NT$0.96 (down from NT$2.42 in 1H 2022). Revenue: NT$1.50b (down 36% from 1H 2022). Net income: NT$57.8m (down 60% from 1H 2022). Profit margin: 3.9% (down from 6.2% in 1H 2022). 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 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 12
Upcoming dividend of NT$1.00 per share at 4.6% yield Eligible shareholders must have bought the stock before 19 April 2023. Payment date: 17 May 2023. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.8%). Lower than average of industry peers (5.2%). Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$49.85, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 121% over the past three years. Upcoming Dividend • Dec 15
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 22 December 2022. Payment date: 12 January 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (7.2%). Buying Opportunity • Dec 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be NT$49.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 18%. Buying Opportunity • Nov 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 10.0%. The fair value is estimated to be NT$47.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 18%. Reported Earnings • Aug 16
First half 2022 earnings released: EPS: NT$2.41 (vs NT$5.13 in 1H 2021) First half 2022 results: EPS: NT$2.41 (down from NT$5.13 in 1H 2021). Revenue: NT$2.33b (down 28% from 1H 2021). Net income: NT$145.0m (down 53% from 1H 2021). Profit margin: 6.2% (down from 9.4% in 1H 2021). The decrease in margin was driven by lower revenue. Buying Opportunity • Jul 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be NT$60.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 57%. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to NT$47.15, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total loss to shareholders of 30% over the past year. Reported Earnings • May 02
Full year 2021 earnings released: EPS: NT$5.16 (vs NT$8.17 in FY 2020) Full year 2021 results: EPS: NT$5.16 (down from NT$8.17 in FY 2020). Revenue: NT$5.30b (down 11% from FY 2020). Net income: NT$308.4m (down 37% from FY 2020). Profit margin: 5.8% (down from 8.2% in FY 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$41.65, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total loss to shareholders of 54% over the past year. Upcoming Dividend • Apr 08
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 15 April 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 8.1%. Within top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (6.4%). Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 19% share price gain to NT$79.40, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 36% over the past year. Upcoming Dividend • Nov 18
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 05 January 2022. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (4.9%). Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 15% share price gain to NT$72.30, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 23% over the past year. Reported Earnings • Aug 18
First half 2021 earnings released: EPS NT$5.13 (vs NT$1.74 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$3.25b (up 98% from 1H 2020). Net income: NT$305.0m (up 194% from 1H 2020). Profit margin: 9.4% (up from 6.3% in 1H 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$78.80, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 91% over the past year. Upcoming Dividend • Jul 12
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 19 July 2021. Payment date: 05 August 2021. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (5.0%). Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 16% share price gain to NT$85.50, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 250% over the past year. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$77.20, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 196% over the past year. Reported Earnings • May 01
Full year 2020 earnings released: EPS NT$8.17 (vs NT$3.86 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.95b (up 73% from FY 2019). Net income: NT$487.4m (up 111% from FY 2019). Profit margin: 8.2% (up from 6.7% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 31% share price gain to NT$121, the stock is trading at a trailing P/E ratio of 29.9x, up from the previous P/E ratio of 22.8x. This compares to an average P/E of 20x in the Chemicals industry in Taiwan. Total returns to shareholders over the past year are 294%. Is New 90 Day High Low • Jan 25
New 90-day high: NT$109 The company is up 78% from its price of NT$61.40 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 17% share price gain to NT$76.40, the stock is trading at a trailing P/E ratio of 18.9x, up from the previous P/E ratio of 16.2x. This compares to an average P/E of 20x in the Chemicals industry in Taiwan. Total returns to shareholders over the past year are 121%. Is New 90 Day High Low • Dec 28
New 90-day high: NT$65.60 The company is up 6.0% from its price of NT$61.80 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 17% over the same period.