Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$38.95, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 8.8% over the past three years. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Chairman of the Board Guangyao Li was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Jun 23
Upcoming dividend of NT$0.90 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 24 July 2026. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$51.00, the stock trades at a trailing P/E ratio of 52x. Average trailing P/E is 41x in the Electronic industry in Taiwan. Total returns to shareholders of 36% over the past three years. Reported Earnings • May 20
First quarter 2026 earnings released: NT$0.16 loss per share (vs NT$0.42 profit in 1Q 2025) First quarter 2026 results: NT$0.16 loss per share (down from NT$0.42 profit in 1Q 2025). Revenue: NT$4.25b (down 26% from 1Q 2025). Net loss: NT$84.0m (down 139% from profit in 1Q 2025). 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 9% per year, which means it is well ahead of earnings. Declared Dividend • May 15
Dividend reduced to NT$0.90 Dividend of NT$0.90 is 18% lower than last year. Ex-date: 30th June 2026 Payment date: 24th July 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$54.40, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 60% over the past three years. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$1.56 (vs NT$2.00 in FY 2024) Full year 2025 results: EPS: NT$1.56 (down from NT$2.00 in FY 2024). Revenue: NT$21.8b (flat on FY 2024). Net income: NT$808.2m (down 22% from FY 2024). Profit margin: 3.7% (down from 4.8% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Duyuru • Mar 12
Pan-International Industrial Corp., Annual General Meeting, May 27, 2026 Pan-International Industrial Corp., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: r2 floor no,198, chien pa rd., jhonghe district, new taipei city Taiwan Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$43.60, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 27% over the past three years. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$0.33 (vs NT$0.56 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.33 (down from NT$0.56 in 3Q 2024). Revenue: NT$5.37b (down 11% from 3Q 2024). Net income: NT$172.8m (down 40% from 3Q 2024). Profit margin: 3.2% (down from 4.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. New Risk • Aug 25
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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$53.20, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 69% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.47 (vs NT$0.53 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.47 (down from NT$0.53 in 2Q 2024). Revenue: NT$5.73b (up 5.3% from 2Q 2024). Net income: NT$242.9m (down 12% from 2Q 2024). Profit margin: 4.2% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 20
Upcoming dividend of NT$1.10 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.42 (vs NT$0.33 in 1Q 2024) First quarter 2025 results: EPS: NT$0.42 (up from NT$0.33 in 1Q 2024). Revenue: NT$5.71b (up 23% from 1Q 2024). Net income: NT$215.6m (up 27% from 1Q 2024). Profit margin: 3.8% (up from 3.6% in 1Q 2024). 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 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$41.00, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 30% over the past three years. Duyuru • May 06
Pan-International Industrial Corp. to Report Q1, 2025 Results on May 13, 2025 Pan-International Industrial Corp. announced that they will report Q1, 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$38.10, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 16% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$2.00 (vs NT$2.42 in FY 2023) Full year 2024 results: EPS: NT$2.00 (down from NT$2.42 in FY 2023). Revenue: NT$21.8b (down 15% from FY 2023). Net income: NT$1.04b (down 18% from FY 2023). Profit margin: 4.8% (down from 4.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Duyuru • Mar 13
Pan-International Industrial Corp., Annual General Meeting, May 26, 2025 Pan-International Industrial Corp., Annual General Meeting, May 26, 2025, at 09:00 Taipei Standard Time. Location: r2 floor no,198, chien pa rd., jhonghe district, new taipei city Taiwan New Risk • Mar 05
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: Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$47.80, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 44% over the past three years. Duyuru • Mar 04
Pan-International Industrial Corp. to Report Fiscal Year 2024 Results on Mar 11, 2025 Pan-International Industrial Corp. announced that they will report fiscal year 2024 results on Mar 11, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.56 (vs NT$0.64 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.56 (down from NT$0.64 in 3Q 2023). Revenue: NT$6.01b (down 13% from 3Q 2023). Net income: NT$288.0m (down 13% from 3Q 2023). Profit margin: 4.8% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Nov 06
Pan-International Industrial Corp. to Report Q3, 2024 Results on Nov 13, 2024 Pan-International Industrial Corp. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.53 (vs NT$0.62 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.53 (down from NT$0.62 in 2Q 2023). Revenue: NT$5.45b (down 12% from 2Q 2023). Net income: NT$275.4m (down 15% from 2Q 2023). Profit margin: 5.1% (down from 5.2% in 2Q 2023). The decrease in margin was driven by lower revenue. 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 2% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 16
Dividend reduced to NT$1.30 Dividend of NT$1.30 is 7.1% lower than last year. Ex-date: 30th August 2024 Payment date: 25th September 2024 Dividend yield will be 3.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 34% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.5% EPS decline seen over the last 5 years. Duyuru • Aug 15
Pan-International Industrial Corp. Announces Common Stock Dividend Distribution, Payable on September 25, 2024 Pan-International Industrial Corp. announced common stock dividend distribution of TWD 673,850,167, TWD 1.30 per share. Ex-rights (ex-dividend) trading date: August 30, 2024. Ex-rights (ex-dividend) record date: September 7, 2024. Payment date of common stock cash dividend distribution: September 25, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: August 14, 2024. Duyuru • Aug 09
Pan-International Industrial Corp. to Report Q2, 2024 Results on Aug 14, 2024 Pan-International Industrial Corp. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$0.33 (vs NT$0.57 in 1Q 2023) First quarter 2024 results: EPS: NT$0.33 (down from NT$0.57 in 1Q 2023). Revenue: NT$4.66b (down 23% from 1Q 2023). Net income: NT$169.7m (down 43% from 1Q 2023). Profit margin: 3.6% (down from 4.9% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • May 08
Pan-International Industrial Corp. to Report Q1, 2024 Results on May 14, 2024 Pan-International Industrial Corp. announced that they will report Q1, 2024 results on May 14, 2024 Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$2.42 (vs NT$2.55 in FY 2022) Full year 2023 results: EPS: NT$2.42 (down from NT$2.55 in FY 2022). Revenue: NT$25.6b (down 2.4% from FY 2022). Net income: NT$1.26b (down 5.0% from FY 2022). Profit margin: 4.9% (down from 5.0% 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 21% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Mar 14
Pan-International Industrial Corp., Annual General Meeting, May 31, 2024 Pan-International Industrial Corp., Annual General Meeting, May 31, 2024. Location: No. 77, Anxing Rd., Xindian Dist., New Taipei City Taipei Taiwan Agenda: To consider 2023 Business Report of the Company; to Audit Committee’s Review Report on the 2023 Financial Statements; to Report on 2023 distribution of remuneration of employees and directors of the Company; to Report on 2023 distribution of earnings and cash dividends status; to Adoption of 2023 Business Report and Financial Statements; to Adoption of the proposal for distribution of 2023 earnings; and to consider other matters if any. Board Change • Feb 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Chih-Keng Chen was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 29
Pan-International Industrial Corp., Annual General Meeting, Sep 29, 2023 Pan-International Industrial Corp., Annual General Meeting, Sep 29, 2023. Agenda: To consider elections for board of directors and supervisors: Director Sun, You-Ching continued; to consider Cheng & Cheng Limited are re-appointed as Auditor and to consider other business issues. Upcoming Dividend • Aug 18
Upcoming dividend of NT$1.40 per share at 3.6% yield Eligible shareholders must have bought the stock before 25 August 2023. Payment date: 25 September 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.2%). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.62 (vs NT$0.51 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.62 (up from NT$0.51 in 2Q 2022). Revenue: NT$6.22b (flat on 2Q 2022). Net income: NT$322.8m (up 21% from 2Q 2022). Profit margin: 5.2% (up from 4.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 28% per year. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: NT$2.55 (vs NT$1.87 in FY 2021) Full year 2022 results: EPS: NT$2.55 (up from NT$1.87 in FY 2021). Revenue: NT$26.3b (up 8.4% from FY 2021). Net income: NT$1.32b (up 37% from FY 2021). Profit margin: 5.0% (up from 4.0% 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 16% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 18% share price gain to NT$39.75, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 78% over the past three years. Board Change • Nov 16
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. 4 non-independent directors. Independent Director Wen-Jung Cheng was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.95 (vs NT$0.56 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.95 (up from NT$0.56 in 3Q 2021). Revenue: NT$6.48b (down 6.1% from 3Q 2021). Net income: NT$492.3m (up 69% from 3Q 2021). Profit margin: 7.6% (up from 4.2% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.4%). Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: NT$0.51 (vs NT$0.45 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.51 (up from NT$0.45 in 2Q 2021). Revenue: NT$6.21b (up 18% from 2Q 2021). Net income: NT$266.4m (up 15% from 2Q 2021). Profit margin: 4.3% (down from 4.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Duyuru • Aug 10
Pan-International Industrial Corp. Announces Cash Dividend, Payable on September 23, 2022 Pan-International Industrial Corp. announced cash dividends of TWD 518,346,282. TWD 1.00 per share. Ex-rights (ex-dividend) trading date is August 30, 2022. Ex-rights (ex-dividend) record date is September 5, 2022. Cash dividend payment date is scheduled for September 23, 2022. Duyuru • Jun 16
Pan-International Industrial Corp. Approves Cash Dividend for 2021 Pan-International Industrial Corp. approved TWD 1.0 cash dividend per share for 2021, at its AGM, held on June 15, 2022. Board Change • Jun 15
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. 4 non-independent directors. Independent Director Wen-Jung Cheng was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.57 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$6.90b (up 28% from 3Q 2020). Net income: NT$290.6m (down 1.4% from 3Q 2020). Profit margin: 4.2% (down from 5.4% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 23
Upcoming dividend of NT$0.65 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 24 September 2021. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.30 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$5.25b (up 6.4% from 2Q 2020). Net income: NT$231.1m (up 49% from 2Q 2020). Profit margin: 4.4% (up from 3.2% in 2Q 2020). The increase in margin was driven by higher revenue. 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 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 17% share price gain to NT$38.40, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 105% over the past three years. Reported Earnings • May 13
First quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.036 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.87b (up 3.4% from 1Q 2020). Net income: NT$169.0m (up NT$150.4m from 1Q 2020). Profit margin: 3.5% (up from 0.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$1.28 (vs NT$1.99 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$20.5b (down 20% from FY 2019). Net income: NT$663.2m (down 36% from FY 2019). Profit margin: 3.2% (down from 4.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 03
New 90-day high: NT$45.65 The company is up 120% from its price of NT$20.75 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 24% share price gain to NT$40.00, the stock is trading at a trailing P/E ratio of 40.3x, up from the previous P/E ratio of 32.6x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 79%. Is New 90 Day High Low • Jan 11
New 90-day high: NT$35.50 The company is up 106% from its price of NT$17.20 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 22% share price gain to NT$31.00, the stock is trading at a trailing P/E ratio of 31.3x, up from the previous P/E ratio of 25.6x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 36%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 17% share price gain to NT$26.25, the stock is trading at a trailing P/E ratio of 26.5x, up from the previous P/E ratio of 22.7x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 19%. Is New 90 Day High Low • Dec 23
New 90-day high: NT$23.05 The company is up 35% from its price of NT$17.05 on 24 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: NT$22.40 The company is up 23% from its price of NT$18.20 on 08 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 19% share price gain to NT$21.40, the stock is trading at a trailing P/E ratio of 21.6x, up from the previous P/E ratio of 18.2x. This compares to an average P/E of 16x in the Electronic industry in Taiwan. Total return to shareholders over the past three years is a loss of 7.4%. Is New 90 Day High Low • Nov 18
New 90-day high: NT$20.05 The company is up 12% from its price of NT$17.95 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is flat over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.57 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$5.41b (down 25% from 3Q 2019). Net income: NT$294.7m (down 46% from 3Q 2019). Profit margin: 5.4% (down from 7.5% in 3Q 2019). The decrease in margin was driven by lower 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 11% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS NT$0.57 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$5.41b (down 25% from 3Q 2019). Net income: NT$294.7m (down 46% from 3Q 2019). Profit margin: 5.4% (down from 7.5% in 3Q 2019). The decrease in margin was driven by lower 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 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 24
New 90-day low: NT$17.05 The company is down 8.0% from its price of NT$18.45 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period.