Declared Dividend • Jun 11
Dividend of NT$11.78 announced Shareholders will receive a dividend of NT$11.78. Ex-date: 25th June 2026 Payment date: 31st July 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$295, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 359% over the past three years. Reported Earnings • May 08
First quarter 2026 earnings released: EPS: NT$18.00 (vs NT$0.87 in 1Q 2025) First quarter 2026 results: EPS: NT$18.00 (up from NT$0.87 in 1Q 2025). Revenue: NT$13.6b (up 357% from 1Q 2025). Net income: NT$8.12b (up NT$7.75b from 1Q 2025). Profit margin: 60% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year whereas the company’s share price has increased by 64% per year. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$300, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total returns to shareholders of 401% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$229, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 272% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$230, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 282% over the past three years. Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: NT$12.98 (vs NT$5.39 in FY 2024) Full year 2025 results: EPS: NT$12.98 (up from NT$5.39 in FY 2024). Revenue: NT$17.1b (up 70% from FY 2024). Net income: NT$5.57b (up 141% from FY 2024). Profit margin: 33% (up from 23% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 05
Transcend Information, Inc., Annual General Meeting, Jun 17, 2026 Transcend Information, Inc., Annual General Meeting, Jun 17, 2026. Location: 1 floor no,70, hsing chung rd., neihu district, taipei city Taiwan Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$219, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 278% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$238, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 320% over the past three years. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to NT$196, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 254% over the past three years. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$3.52 (vs NT$0.81 in 3Q 2024) Third quarter 2025 results: EPS: NT$3.52 (up from NT$0.81 in 3Q 2024). Revenue: NT$4.11b (up 63% from 3Q 2024). Net income: NT$1.51b (up 334% from 3Q 2024). Profit margin: 37% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 49% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Paying a dividend despite having no free cash flows. High level of non-cash earnings (49% accrual ratio). Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$140, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 152% over the past three years. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 165% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Buy Or Sell Opportunity • Aug 11
Now 20% overvalued Over the last 90 days, the stock has fallen 4.4% to NT$95.50. The fair value is estimated to be NT$79.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.6% over the last 3 years. Earnings per share has declined by 8.6%. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$0.98 (vs NT$1.67 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.98 (down from NT$1.67 in 2Q 2024). Revenue: NT$3.23b (up 39% from 2Q 2024). Net income: NT$420.8m (down 41% from 2Q 2024). Profit margin: 13% (down from 31% 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 9% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Jul 16
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 6.3% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 139% Paying a dividend despite having no free cash flows. High level of non-cash earnings (27% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$118, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 119% over the past three years. Buy Or Sell Opportunity • Jul 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.7% to NT$112. The fair value is estimated to be NT$92.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 7.3%. Declared Dividend • Jun 25
Dividend increased to NT$6.09 Dividend of NT$6.09 is 22% higher than last year. Ex-date: 8th July 2025 Payment date: 1st August 2025 Dividend yield will be 5.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 55% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Duyuru • Apr 30
Transcend Information, Inc. to Report Q1, 2025 Results on May 08, 2025 Transcend Information, 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$86.60, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 48% over the past three years. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: NT$5.39 (vs NT$4.63 in FY 2023) Full year 2024 results: EPS: NT$5.39 (up from NT$4.63 in FY 2023). Revenue: NT$10.1b (down 3.9% from FY 2023). Net income: NT$2.31b (up 17% from FY 2023). Profit margin: 23% (up from 19% in FY 2023). The increase in margin was driven by lower expenses. 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 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$104, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 71% over the past three years. Buy Or Sell Opportunity • Mar 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.7% to NT$99.60. The fair value is estimated to be NT$82.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 5.5%. Duyuru • Feb 26
Transcend Information, Inc. to Report Fiscal Year 2024 Results on Mar 06, 2025 Transcend Information, Inc. announced that they will report fiscal year 2024 results on Mar 06, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: NT$0.81 (vs NT$1.93 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.81 (down from NT$1.93 in 3Q 2023). Revenue: NT$2.52b (down 7.7% from 3Q 2023). Net income: NT$347.9m (down 58% from 3Q 2023). Profit margin: 14% (down from 30% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. 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 13% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 30
Now 20% overvalued Over the last 90 days, the stock has fallen 5.6% to NT$95.80. The fair value is estimated to be NT$79.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 3.2%. Duyuru • Oct 26
Transcend Information, Inc. to Report Q3, 2024 Results on Nov 05, 2024 Transcend Information, Inc. announced that they will report Q3, 2024 results on Nov 05, 2024 Buy Or Sell Opportunity • Aug 13
Now 21% overvalued Over the last 90 days, the stock has fallen 7.0% to NT$95.80. The fair value is estimated to be NT$79.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 3.2%. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$1.67 (vs NT$0.93 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.67 (up from NT$0.93 in 2Q 2023). Revenue: NT$2.33b (down 5.6% from 2Q 2023). Net income: NT$715.6m (up 79% from 2Q 2023). Profit margin: 31% (up from 16% in 2Q 2023). The increase in margin was driven by lower 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 11% per year, which means it is well ahead of earnings. Duyuru • Jul 27
Transcend Information, Inc. to Report Q2, 2024 Results on Aug 01, 2024 Transcend Information, Inc. announced that they will report Q2, 2024 results on Aug 01, 2024 Declared Dividend • Jun 22
Dividend reduced to NT$4.99 Dividend of NT$4.99 is 11% lower than last year. Ex-date: 8th July 2024 Payment date: 2nd August 2024 Dividend yield will be 3.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 5.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: NT$1.88 (vs NT$0.54 in 1Q 2023) First quarter 2024 results: EPS: NT$1.88 (up from NT$0.54 in 1Q 2023). Revenue: NT$2.73b (up 4.7% from 1Q 2023). Net income: NT$806.9m (up 247% from 1Q 2023). Profit margin: 30% (up from 8.9% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Duyuru • May 02
Transcend Information, Inc. to Report Q1, 2024 Results on May 09, 2024 Transcend Information, Inc. announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: NT$4.63 (vs NT$5.72 in FY 2022) Full year 2023 results: EPS: NT$4.63 (down from NT$5.72 in FY 2022). Revenue: NT$10.5b (down 13% from FY 2022). Net income: NT$1.98b (down 19% from FY 2022). Profit margin: 19% (down from 20% 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 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: NT$1.93 (vs NT$1.13 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.93 (up from NT$1.13 in 3Q 2022). Revenue: NT$2.73b (down 11% from 3Q 2022). Net income: NT$826.6m (up 71% from 3Q 2022). Profit margin: 30% (up from 16% in 3Q 2022). 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 8% per year. New Risk • Aug 06
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: 11% Last year net profit margin: 23% 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: Minor Risks Dividend is not well covered by earnings (126% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: NT$0.93 (vs NT$2.67 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.93 (down from NT$2.67 in 2Q 2022). Revenue: NT$2.47b (down 18% from 2Q 2022). Net income: NT$399.5m (down 65% from 2Q 2022). Profit margin: 16% (down from 38% in 2Q 2022). 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 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 29
Upcoming dividend of NT$5.60 per share at 7.2% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 03 August 2023. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.0%). Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: NT$5.72 (vs NT$5.90 in FY 2021) Full year 2022 results: EPS: NT$5.72 (down from NT$5.90 in FY 2021). Revenue: NT$12.1b (down 15% from FY 2021). Net income: NT$2.45b (down 3.1% from FY 2021). Profit margin: 20% (up from 18% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 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. 6 non-independent directors. Independent Director Doris Wang was the last independent director to join the board, commencing their role in 2012. 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$1.13 (vs NT$1.55 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.13 (down from NT$1.55 in 3Q 2021). Revenue: NT$3.07b (down 13% from 3Q 2021). Net income: NT$483.7m (down 27% from 3Q 2021). Profit margin: 16% (down from 19% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 08
Second quarter 2022 earnings released: EPS: NT$2.67 (vs NT$1.91 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.67 (up from NT$1.91 in 2Q 2021). Revenue: NT$3.01b (down 21% from 2Q 2021). Net income: NT$1.15b (up 40% from 2Q 2021). Profit margin: 38% (up from 22% 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 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$59.50, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total loss to shareholders of 2.3% over the past three years. Upcoming Dividend • Jun 27
Upcoming dividend of NT$6.00 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 29 July 2022. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 8.5%. Within top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (7.2%). Duyuru • Jun 19
Transcend Information, Inc. Announces Cash Dividend, Payable on July 29, 2022 Transcend Information, Inc. announced Cash dividend TWD 2,231,120,710(TWD 5.20 per share) and Cash distribution from capital surplus TWD 343,249,340(TWD 0.80 per share). Ex-rights (ex-dividend) trading date is July 4, 2022. Last date before book closure is July 5, 2022. Book closure starting date is July 6, 2022. Book closure ending date is July 10, 2022. Ex-rights (ex-dividend) record date is July 10, 2022. Payment date of cash dividend is July 29, 2022. Reported Earnings • May 08
First quarter 2022 earnings released: EPS: NT$1.82 (vs NT$1.30 in 1Q 2021) First quarter 2022 results: EPS: NT$1.82 (up from NT$1.30 in 1Q 2021). Revenue: NT$3.45b (down 1.4% from 1Q 2021). Net income: NT$779.4m (up 39% from 1Q 2021). Profit margin: 23% (up from 16% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • May 02
Transcend Information, Inc. Announces Resignation of Wang, Jen-Ming as Sales Vice President Transcend Information, Inc. announced the resignation of Wang, Jen-Ming as Sales Vice President. Effective date is April 29, 2022. 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. 6 non-independent directors. Independent Director Doris Wang was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 06
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: NT$14.3b (up 25% from FY 2020). Net income: NT$2.53b (up 112% from FY 2020). Profit margin: 18% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 3% per year, which means it is well ahead of earnings. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$1.55 (vs NT$0.48 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.52b (up 27% from 3Q 2020). Net income: NT$665.7m (up 226% from 3Q 2020). Profit margin: 19% (up from 7.4% in 3Q 2020). The increase in margin was driven by higher revenue. 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 1% per year, which means it is well ahead of earnings. Executive Departure • Aug 27
R&D Vice GM and Director Tseng-Ho Li has left the company On the 26th of August, Tseng-Ho Li's tenure as R&D Vice GM and Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Tseng-Ho's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.00 years. Executive Departure • Aug 27
Vice GM & Director Jen Ming Wang has left the company On the 26th of August, Jen Ming Wang's tenure as Vice GM & Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Jen Ming's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.00 years. Upcoming Dividend • Jun 29
Upcoming dividend of NT$3.05 per share Eligible shareholders must have bought the stock before 05 July 2021. Payment date: 30 July 2021. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (5.0%). Duyuru • May 25
Transcend Information, Inc. Announces Cash Dividend, Payable on July 30, 2021 Transcend Information, Inc. announced a cash dividend of TWD 1,094,107,271 (TWD 2.55 per share). The ex-rights (ex-dividend) trading date is July 05, 2021, with ex-rights (ex-dividend) record date is July 11, 2021. Payment date of cash dividend is July 30, 2021. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$1.30 (vs NT$1.08 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$3.50b (up 8.6% from 1Q 2020). Net income: NT$559.4m (up 21% from 1Q 2020). Profit margin: 16% (up from 14% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improved over the past week After last week's 19% share price gain to NT$84.30, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 25% over the past three years. Duyuru • Mar 05
Transcend Information, Inc., Annual General Meeting, Jun 17, 2021 Transcend Information, Inc., Annual General Meeting, Jun 17, 2021. Location: No. 70, XingZhong Rd., NeiHu Dist., Taipei Taiwan Agenda: To report the business of 2020; to consider Audit Committee’s review report; to report 2020 employees profit sharing bonus and directors compensation; to consider the status of endorsements and guarantees provided by the Company; to consider the cash distribution from 2020 Retained Earnings; to consider the cash distribution from capital surplus; to consider the adoption of 2020 Business Report and Financial Statements; to consider the adoption of the proposal for distribution of 2020 earnings; and to consider other matters. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS NT$2.79 (vs NT$4.01 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$11.4b (down 15% from FY 2019). Net income: NT$1.20b (down 31% from FY 2019). Profit margin: 11% (down from 13% 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 23% 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. Is New 90 Day High Low • Nov 20
New 90-day high: NT$66.00 The company is up 2.0% from its price of NT$64.70 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is down 1.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS NT$0.48 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$2.76b (down 18% from 3Q 2019). Net income: NT$204.3m (down 62% from 3Q 2019). Profit margin: 7.4% (down from 16% 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 23% 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. Is New 90 Day High Low • Oct 07
New 90-day low: NT$62.10 The company is down 9.0% from its price of NT$68.60 on 09 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 2.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: NT$63.50 The company is down 11% from its price of NT$71.60 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 4.0% over the same period.