Valuation Update With 7 Day Price Move • 2h
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$60.10, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total loss to shareholders of 13% over the past three years. Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.12 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (down from NT$1.12 in 1Q 2025). Revenue: NT$1.23b (down 21% from 1Q 2025). Net income: NT$155.9m (down 4.1% from 1Q 2025). Profit margin: 13% (up from 11% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% 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. Duyuru • Feb 26
IBASE Technology Inc., Annual General Meeting, Jun 26, 2026 IBASE Technology Inc., Annual General Meeting, Jun 26, 2026. Location: 3 floor building. f no,3, yuan ou st., nangang district, taipei city Taiwan Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: NT$1.44 (vs NT$4.06 in FY 2024) Full year 2025 results: EPS: NT$1.44 (down from NT$4.06 in FY 2024). Revenue: NT$5.36b (up 3.4% from FY 2024). Net income: NT$210.8m (down 64% from FY 2024). Profit margin: 3.9% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: NT$0.86 (vs NT$0.61 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.86 (up from NT$0.61 in 3Q 2024). Revenue: NT$1.24b (down 13% from 3Q 2024). Net income: NT$125.4m (up 40% from 3Q 2024). Profit margin: 10% (up from 6.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% 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 • Aug 09
Second quarter 2025 earnings released: NT$0.64 loss per share (vs NT$1.17 profit in 2Q 2024) Second quarter 2025 results: NT$0.64 loss per share (down from NT$1.17 profit in 2Q 2024). Revenue: NT$1.50b (up 14% from 2Q 2024). Net loss: NT$94.3m (down 155% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% 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 • Jul 11
Upcoming dividend of NT$3.18 per share Eligible shareholders must have bought the stock before 18 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.7%). Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$1.12 (vs NT$1.37 in 1Q 2024) First quarter 2025 results: EPS: NT$1.12 (down from NT$1.37 in 1Q 2024). Revenue: NT$1.55b (up 57% from 1Q 2024). Net income: NT$162.6m (down 18% from 1Q 2024). Profit margin: 11% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Duyuru • May 01
IBASE Technology Inc. to Report Q1, 2025 Results on May 08, 2025 IBASE Technology Inc. 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 17% After last week's 17% share price decline to NT$55.70, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 32% over the past three years. Buy Or Sell Opportunity • Mar 20
Now 20% overvalued Over the last 90 days, the stock has fallen 1.1% to NT$70.90. The fair value is estimated to be NT$59.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%. Buy Or Sell Opportunity • Mar 04
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at NT$71.10. The fair value is estimated to be NT$59.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%. Duyuru • Mar 03
IBASE Technology Inc., Annual General Meeting, Jun 20, 2025 IBASE Technology Inc., Annual General Meeting, Jun 20, 2025. Location: 3 floor building. f no,3, yuan ou st., nangang district, taipei city Taiwan Duyuru • Feb 28
IBASE Technology Inc. Approves Cash Dividend for the Year Ended December 31, 2024 IBASE Technology Inc. approved appropriations of earnings in cash dividends to shareholders of TWD 2.20 per share for the year ended December 31, 2024. Total amount of cash dividends to shareholders is TWD 634,169,712. Date of the board of directors resolution is February 27, 2025. Duyuru • Feb 20
IBASE Technology Inc. to Report Q4, 2024 Results on Feb 27, 2025 IBASE Technology Inc. announced that they will report Q4, 2024 results on Feb 27, 2025 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$74.80, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 117% over the past three years. Buy Or Sell Opportunity • Feb 10
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at NT$74.60. The fair value is estimated to be NT$61.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%. Buy Or Sell Opportunity • Dec 24
Now 20% overvalued Over the last 90 days, the stock has fallen 3.1% to NT$72.70. The fair value is estimated to be NT$60.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%. Buy Or Sell Opportunity • Nov 25
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at NT$72.30. The fair value is estimated to be NT$59.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.6%. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: NT$0.62 (vs NT$1.91 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.62 (down from NT$1.91 in 3Q 2023). Revenue: NT$1.42b (down 5.7% from 3Q 2023). Net income: NT$89.3m (down 67% from 3Q 2023). Profit margin: 6.3% (down from 18% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 21
Now 23% overvalued Over the last 90 days, the stock has fallen 15% to NT$73.60. The fair value is estimated to be NT$59.94, 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 26%. New Risk • Aug 13
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 188% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 188% Minor Risk Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Upcoming Dividend • Aug 01
Upcoming dividend of NT$4.18 per share Eligible shareholders must have bought the stock before 08 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (3.2%). Duyuru • Jul 30
IBASE Technology Inc. to Report Q2, 2024 Results on Aug 06, 2024 IBASE Technology Inc. announced that they will report Q2, 2024 results on Aug 06, 2024 Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$1.37 (vs NT$1.87 in 1Q 2023) First quarter 2024 results: EPS: NT$1.37 (down from NT$1.87 in 1Q 2023). Revenue: NT$986.3m (down 39% from 1Q 2023). Net income: NT$198.7m (down 19% from 1Q 2023). Profit margin: 20% (up from 15% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Duyuru • May 02
IBASE Technology Inc. to Report Q1, 2024 Results on May 09, 2024 IBASE Technology Inc. announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$5.22 (vs NT$9.42 in FY 2022) Full year 2023 results: EPS: NT$5.22 (down from NT$9.42 in FY 2022). Revenue: NT$6.00b (down 12% from FY 2022). Net income: NT$715.9m (down 37% from FY 2022). Profit margin: 12% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% 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 • Feb 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 326x cash flows per share). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Board Change • Dec 08
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. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yao Shen was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Aug 23
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 8.1% 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 (8.1% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (11% increase in shares outstanding). Duyuru • Aug 10
IBASE Technology Inc. Appoints Lee, Chia-Fu as Chief Information Security Officer IBASE Technology Inc. announced that the appointment of Chief Information Security Officer. Name, title, and resume of the new position holder: Lee, Chia-Fu, Senior Executive Vice President. Effective date is August 09, 2023. Reason for the change: new replacement. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$1.69 (vs NT$2.22 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.69 (down from NT$2.22 in 2Q 2022). Revenue: NT$1.54b (up 4.7% from 2Q 2022). Net income: NT$223.2m (down 12% from 2Q 2022). Profit margin: 14% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. New Risk • Jul 17
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 High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Jul 17
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 High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Upcoming Dividend • Jul 13
Upcoming dividend of NT$5.58 per share at 2.3% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.5%). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$102, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 180% over the past three years. Price Target Changed • Mar 15
Price target decreased by 11% to NT$91.00 Down from NT$103, the current price target is an average from 2 analysts. New target price is 13% above last closing price of NT$80.20. Stock is up 100% over the past year. The company posted earnings per share of NT$9.42 last year. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: NT$9.42 (vs NT$2.69 in FY 2021) Full year 2022 results: EPS: NT$9.42 (up from NT$2.69 in FY 2021). Revenue: NT$6.77b (up 19% from FY 2021). Net income: NT$1.14b (up 263% from FY 2021). Profit margin: 17% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target decreased to NT$101 Down from NT$111, the current price target is an average from 2 analysts. New target price is 41% above last closing price of NT$71.50. Stock is up 77% over the past year. The company posted earnings per share of NT$2.69 last 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. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yao Shen was the last independent director to join the board, commencing their role in 2011. 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 04
Third quarter 2022 earnings released: EPS: NT$3.40 (vs NT$0.51 in 3Q 2021) Third quarter 2022 results: EPS: NT$3.40 (up from NT$0.51 in 3Q 2021). Revenue: NT$1.88b (up 33% from 3Q 2021). Net income: NT$418.3m (up NT$359.6m from 3Q 2021). Profit margin: 22% (up from 4.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$66.70, the stock trades at a trailing P/E ratio of 16.8x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$68.21 per share. Price Target Changed • Sep 19
Price target increased to NT$87.50 Up from NT$65.49, the current price target is provided by 1 analyst. New target price is 9.4% above last closing price of NT$80.00. Stock is up 104% over the past year. The company posted earnings per share of NT$2.69 last year. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: NT$2.22 (vs NT$0.33 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.22 (up from NT$0.33 in 2Q 2021). Revenue: NT$1.47b (down 26% from 2Q 2021). Net income: NT$252.8m (up NT$213.9m from 2Q 2021). Profit margin: 17% (up from 2.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of NT$2.16 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (7.9%). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 15% share price gain to NT$56.70, the stock trades at a trailing P/E ratio of 21.1x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 45% over the past three years. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: NT$1.53 (vs NT$0.31 in 1Q 2021) First quarter 2022 results: EPS: NT$1.53 (up from NT$0.31 in 1Q 2021). Revenue: NT$1.48b (up 42% from 1Q 2021). Net income: NT$173.6m (up 369% from 1Q 2021). Profit margin: 12% (up from 3.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. No independent directors (6 non-independent directors). Supervisor Can Rong Chen was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Mar 31
IBASE Technology Inc., Annual General Meeting, Jun 22, 2022 IBASE Technology Inc., Annual General Meeting, Jun 22, 2022. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$2.69 (up from NT$0.74 in FY 2020). Revenue: NT$5.71b (up 33% from FY 2020). Net income: NT$312.5m (up 254% from FY 2020). Profit margin: 5.5% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS NT$0.51 (vs NT$0.11 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.41b (up 35% from 3Q 2020). Net income: NT$58.7m (up 345% from 3Q 2020). Profit margin: 4.2% (up from 1.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.44 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: NT$1.98b (up 115% from 2Q 2020). Net income: NT$38.9m (down 26% from 2Q 2020). Profit margin: 2.0% (down from 5.7% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 23
Inaugural dividend of NT$1.83 per share Eligible shareholders must have bought the stock before 30 July 2021. Payment date: 20 August 2021. The company last paid an ordinary dividend in March 2018. The average dividend yield among industry peers is 5.0%. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.055 in 1Q 2020) The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: NT$1.05b (flat on 1Q 2020). Net income: NT$37.0m (up 459% from 1Q 2020). Profit margin: 3.5% (up from 0.6% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% 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. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue misses expectations Revenue missed analyst estimates by 11%. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS NT$0.74 (vs NT$2.12 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$4.31b (up 12% from FY 2019). Net income: NT$88.4m (down 65% from FY 2019). Profit margin: 2.1% (down from 6.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 06
New 90-day low: NT$34.65 The company is down 12% from its price of NT$39.60 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 12% over the same period. Is New 90 Day High Low • Jan 20
New 90-day low: NT$36.35 The company is down 13% from its price of NT$41.80 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: NT$38.95 The company is down 9.0% from its price of NT$43.00 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 5.0% over the same period. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue misses expectations Revenue missed analyst estimates by 11%. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS NT$0.11 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.04b (up 22% from 3Q 2019). Net income: NT$13.2m (down 2.4% from 3Q 2019). Profit margin: 1.3% (down from 1.6% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% 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. Is New 90 Day High Low • Oct 30
New 90-day low: NT$39.70 The company is down 8.0% from its price of NT$43.30 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 3.0% over the same period.