Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$71.10, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 31x in the Electronic industry in Taiwan. Total returns to shareholders of 82% over the past three years. Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: NT$1.80 (vs NT$3.00 in FY 2024) Full year 2025 results: EPS: NT$1.80 (down from NT$3.00 in FY 2024). Revenue: NT$3.62b (down 3.5% from FY 2024). Net income: NT$156.4m (down 41% from FY 2024). Profit margin: 4.3% (down from 7.0% in FY 2024). 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 17% per year, which means it is well ahead of earnings. Duyuru • Mar 05
TaiSol Electronics Co., Ltd., Annual General Meeting, May 26, 2026 TaiSol Electronics Co., Ltd., Annual General Meeting, May 26, 2026. Location: 1 floor no,335, jui kuang rd., neihu district, taipei city Taiwan Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$59.50, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 105% over the past three years. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: NT$0.35 (vs NT$0.47 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.35 (down from NT$0.47 in 3Q 2024). Revenue: NT$882.9m (down 5.0% from 3Q 2024). Net income: NT$30.5m (down 26% from 3Q 2024). Profit margin: 3.5% (down from 4.4% 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 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: NT$0.49 (vs NT$0.85 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.49 (down from NT$0.85 in 2Q 2024). Revenue: NT$976.7m (down 3.6% from 2Q 2024). Net income: NT$42.4m (down 43% from 2Q 2024). Profit margin: 4.3% (down from 7.3% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$62.10, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 69% over the past three years. Declared Dividend • Jun 19
Dividend of NT$2.01 announced Shareholders will receive a dividend of NT$2.01. Ex-date: 2nd July 2025 Payment date: 29th July 2025 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (167% cash payout ratio). The dividend has increased by an average of 2.9% 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 22% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.0% EPS decline seen over the last 5 years. Reported Earnings • May 11
First quarter 2025 earnings released: EPS: NT$0.61 (vs NT$0.77 in 1Q 2024) First quarter 2025 results: EPS: NT$0.61 (down from NT$0.77 in 1Q 2024). Revenue: NT$937.6m (up 9.1% from 1Q 2024). Net income: NT$52.9m (down 22% from 1Q 2024). Profit margin: 5.6% (down from 7.9% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 7% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 22
TaiSol Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 TaiSol Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$44.05, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 1.9% over the past three years. Duyuru • Mar 28
TaiSol Electronics Co., Ltd. announced a financing transaction TaiSol Electronics Co., Ltd. announced a private placement that it will issue 6,000,000 common shares of the company to receive funding on March 27, 2025. Duyuru • Mar 18
Taisol Electronics Co., Ltd. Announces Appointments to Sustainable Development Committee TaiSol Electronics Co., Ltd. announced resolution of the Board of Directors to establish the Sustainable Development Committee. Name of the new position holder: Chen, Li-Mei Peng, Peng-Huang Liu, Ko-Ping. Resume of the new position holder: Chen, Li-Mei/Independent Director of the Company Peng, Peng-Huang/Chairperson of the Company Liu, Ko-Ping/Chief Operating Officer and President of the Company. Effective date of the new member: March 5, 2025. Reported Earnings • Mar 13
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: NT$3.00 (up from NT$2.78 in FY 2023). Revenue: NT$3.75b (down 1.5% from FY 2023). Net income: NT$262.7m (up 8.0% from FY 2023). Profit margin: 7.0% (up from 6.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 16%. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Duyuru • Mar 06
TaiSol Electronics Co., Ltd., Annual General Meeting, May 22, 2025 TaiSol Electronics Co., Ltd., Annual General Meeting, May 22, 2025, at 09:00 Taipei Standard Time. Location: 12 floor no,350, sung chiang rd., jhongshan district, taipei city Taiwan Duyuru • Feb 26
TaiSol Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Mar 05, 2025 TaiSol Electronics Co., Ltd. announced that they will report fiscal year 2024 results at 1:30 PM, Taipei Standard Time on Mar 05, 2025 Buy Or Sell Opportunity • Nov 26
Now 20% overvalued Over the last 90 days, the stock has fallen 3.2% to NT$73.60. The fair value is estimated to be NT$61.31, 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 grown by 9.4%. Revenue is forecast to grow by 51% in a year. Earnings are forecast to grow by 95% in the next year. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$71.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 40% over the past three years. Reported Earnings • Nov 04
Third quarter 2024 earnings: Revenues miss analyst expectations Third quarter 2024 results: Revenue: NT$929.5m (down 11% from 3Q 2023). Net income: NT$40.9m (down 52% from 3Q 2023). Profit margin: 4.4% (down from 8.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 24%. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 23
TaiSol Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 TaiSol Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: NT$0.85 (up from NT$0.74 in 2Q 2023). Revenue: NT$1.01b (up 19% from 2Q 2023). Net income: NT$74.3m (up 15% from 2Q 2023). Profit margin: 7.3% (down from 7.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year. New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings have declined by 2.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.1% 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 (7.7% average weekly change). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$71.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 66% over the past three years. Duyuru • Jul 31
TaiSol Electronics Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024 TaiSol Electronics Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Upcoming Dividend • Jun 13
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 25 July 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.8%). Board Change • Jun 01
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Chun-Shan Hsieh is the most experienced director on the board, commencing their role in 2013. Independent Director Hwei-Min Wang was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Declared Dividend • May 27
Dividend of NT$2.00 announced Dividend of NT$2.00 is the same as last year. Ex-date: 20th June 2024 Payment date: 25th July 2024 Dividend yield will be 2.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.9% 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 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$87.80, the stock trades at a trailing P/E ratio of 27x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 112% over the past three years. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: NT$0.77 (vs NT$0.30 in 1Q 2023) First quarter 2024 results: EPS: NT$0.77 (up from NT$0.30 in 1Q 2023). Revenue: NT$859.3m (up 3.5% from 1Q 2023). Net income: NT$67.7m (up 156% from 1Q 2023). Profit margin: 7.9% (up from 3.2% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Buy Or Sell Opportunity • Apr 16
Now 22% undervalued Over the last 90 days, the stock has risen 6.3% to NT$64.60. The fair value is estimated to be NT$82.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has grown by 11%. Buy Or Sell Opportunity • Mar 22
Now 20% undervalued Over the last 90 days, the stock has risen 8.1% to NT$65.70. The fair value is estimated to be NT$82.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has grown by 11%. New Risk • Mar 08
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 6.0% 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 0.2% 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 (6.0% average weekly change). Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: NT$2.78 (vs NT$3.05 in FY 2022) Full year 2023 results: EPS: NT$2.78 (down from NT$3.05 in FY 2022). Revenue: NT$3.81b (down 17% from FY 2022). Net income: NT$243.3m (down 9.0% from FY 2022). Profit margin: 6.4% (up from 5.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: NT$0.98 (up from NT$0.91 in 3Q 2022). Revenue: NT$1.04b (down 15% from 3Q 2022). Net income: NT$85.7m (up 7.2% from 3Q 2022). Profit margin: 8.2% (up from 6.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 32%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Sep 22
TaiSol Electronics Co., Ltd. Provides Revenue Guidance for the Fourth Quarter of 2023 and Full Year of 2024 TaiSol Electronics Co., Ltd. provided revenue guidance for the fourth quarter of 2023. Estimated revenue in the fourth quarter of 2023 will be better than the third quarter of 2023, and business performance in the second half of 2023 will also be better than the first half of 2023.For the year 2024, the company expects operating revenue to recover to nearly TWD 4.6 billion as of 2022. Board Change • Sep 04
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Yen-Ling Fang was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 02
TaiSol Electronics Co., Ltd. Announces Retirement of Ching-Sung Yu as Chief Executive Officer TaiSol Electronics Co., Ltd. announced the retirement of Ching-Sung Yu as Chief Executive Officer, Effective date is August 31, 2023. New Chief Executive Officer will be announced after the resolution by the Board of Directors is made. Duyuru • Aug 30
Taisol Electronics Co., Ltd. Announces Change in Representative of Institutional Director TaiSol Electronics Co., Ltd. announced the change in representative of the Company's institutional director. Name of the previous position holder: Po-Hsin Yu. Resume of the previous position holder: Special assistant of the Chairman and chief of procurement of the Company. Name of the new position holder: Peng-Huang Peng 6.Resume of the new position holder: Vice Chairperson and President of Singatron Enterprise Co., Ltd. Reason for the change: Long-Thin Enterprise Co., Ltd. assigned a new representative to serve as institutional director. Effective date of the new appointment: August 28, 2023. Duyuru • Aug 26
TaiSol Electronics Co., Ltd. Announces the Resignation of Ching-Sung Yu as Member of Nominating Committee TaiSol Electronics Co., Ltd. announced resignation of Ching-Sung Yu as member of Nominating Committee of the Company. Reason for the change: Chairman transferred more than half the number of shares held at director election during its term in office, and therefore has been discharged ipso facto. Date of the board of directors resolution or date of occurrence of the change is August 24, 2023. Duyuru • Aug 25
TaiSol Electronics Co., Ltd. Announces Dismissal of Ching-Sung Yu as Chairman TaiSol Electronics Co., Ltd. announced dismissal of Ching-Sung Yu as Chairman of the Company. Reason for the change: Chairman transferred more than half the number of shares held at director election during its term in office, and therefore has been discharged ipso facto. Date of the board of directors resolution or date of occurrence of the change is August 24, 2023. New Risk • Aug 20
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 8.2% 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 Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.74 (vs NT$0.89 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.74 (down from NT$0.89 in 2Q 2022). Revenue: NT$854.6m (down 29% from 2Q 2022). Net income: NT$64.6m (down 18% from 2Q 2022). Profit margin: 7.6% (up from 6.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$55.10, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 25% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of NT$2.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 27 June 2023. Payment date: 31 July 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.2%). Duyuru • May 31
TaiSol Electronics Co., Ltd. Approves Cash Dividend to Common Shareholders, Payable on July 31, 2023 TaiSol Electronics Co., Ltd. approved cash dividend to common shareholders of TWD 174,916,282 (TWD 2 per share), payable on July 31, 2023 and Ex-rights (ex-dividend) record date of July 3, 2023. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$41.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 48% over the past three years. Reported Earnings • Mar 06
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: NT$3.05 (up from NT$2.13 in FY 2021). Revenue: NT$4.57b (down 8.2% from FY 2021). Net income: NT$267.5m (up 43% from FY 2021). Profit margin: 5.9% (up from 3.8% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 6.6%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Price Target Changed • Dec 19
Price target decreased to NT$46.00 Down from NT$56.50, the current price target is provided by 1 analyst. New target price is 39% above last closing price of NT$33.10. Stock is down 36% over the past year. The company is forecast to post earnings per share of NT$2.86 for next year compared to NT$2.13 last year. Duyuru • Dec 16
Taisol Electronics Co., Ltd. Announces Executive Changes TaiSol Electronics Co., Ltd. appointed Po-Hsin Yu, Special Assistant to the Chairman as Chief Procurement Officer effective Dec. 15, 2022. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Yen-Ling Fang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: NT$0.91 (up from NT$0.64 in 3Q 2021). Revenue: NT$1.22b (down 4.4% from 3Q 2021). Net income: NT$80.0m (up 42% from 3Q 2021). Profit margin: 6.5% (up from 4.4% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 07
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: NT$0.89 (up from NT$0.54 in 2Q 2021). Revenue: NT$1.21b (down 3.0% from 2Q 2021). Net income: NT$78.5m (up 66% from 2Q 2021). Profit margin: 6.5% (up from 3.8% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 71%. Over the next year, revenue is forecast to grow 9.0%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 16% share price gain to NT$38.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$37.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Electronic industry in Taiwan. Total loss to shareholders of 33% over the past three years. Upcoming Dividend • Jun 13
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 20 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 55% and the cash payout ratio is 87%. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (4.2%). Duyuru • May 21
TaiSol Electronics Co., Ltd. Announces Cash Dividend, Payable on July 15, 2022 TaiSol Electronics Co., Ltd. announced cash dividend of TWD 131,862,212 or TWD 1.5 per share to common shareholders. Cash dividend of common share will be distributed on July 15, 2022. Ex-rights (ex-dividend) trading date is June 20, 2022 and ex-rights (ex-dividend) record date is June 26, 2022. Reported Earnings • May 08
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: NT$0.71 (up from NT$0.13 in 1Q 2021). Revenue: NT$1.22b (up 7.2% from 1Q 2021). Net income: NT$62.2m (up 451% from 1Q 2021). Profit margin: 5.1% (up from 1.0% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 48%. Over the next year, revenue is forecast to grow 10%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 16% 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. Price Target Changed • Apr 27
Price target increased to NT$63.50 Up from NT$57.00, the current price target is provided by 1 analyst. New target price is 45% above last closing price of NT$43.80. Stock is down 28% over the past year. The company is forecast to post earnings per share of NT$2.75 for next year compared to NT$2.13 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Yen-Ling Fang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 06
TaiSol Electronics Co., Ltd., Annual General Meeting, May 20, 2022 TaiSol Electronics Co., Ltd., Annual General Meeting, May 20, 2022. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$2.13 (down from NT$2.58 in FY 2020). Revenue: NT$4.98b (down 5.3% from FY 2020). Net income: NT$187.4m (down 17% from FY 2020). Profit margin: 3.8% (down from 4.3% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 7.7%, compared to a 9.1% growth forecast for the industry in Taiwan. 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 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 19% share price gain to NT$55.00, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 181% over the past three years. Price Target Changed • Nov 11
Price target decreased to NT$37.00 Down from NT$45.00, the current price target is provided by 1 analyst. New target price is 21% below last closing price of NT$46.60. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$1.95 for next year compared to NT$2.58 last year. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.64 (vs NT$0.41 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: NT$1.28b (flat on 3Q 2020). Net income: NT$56.4m (up 57% from 3Q 2020). Profit margin: 4.4% (up from 2.8% in 3Q 2020). 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 25% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.54 (vs NT$0.99 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.24b (down 25% from 2Q 2020). Net income: NT$47.2m (down 46% from 2Q 2020). Profit margin: 3.8% (down from 5.2% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 26
Upcoming dividend of NT$1.80 per share Eligible shareholders must have bought the stock before 02 August 2021. Payment date: 27 August 2021. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (3.0%). Price Target Changed • May 25
Price target decreased to NT$65.33 Down from NT$72.67, the current price target is provided by 1 analyst. New target price is 40% above last closing price of NT$46.60. Stock is down 50% over the past year. Major Estimate Revision • May 25
Consensus EPS estimates fall to NT$2.23 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$5.86b to NT$5.38b. EPS estimate also fell from NT$3.96 to NT$2.23. Net income forecast to grow 18% next year vs 20% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$76.67 unchanged from last update. Share price was steady at NT$45.80 over the past week. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 20% share price decline to NT$44.30, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 132% over the past three years. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$0.13 (vs NT$0.73 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$1.14b (up 12% from 1Q 2020). Net income: NT$11.3m (down 82% from 1Q 2020). Profit margin: 1.0% (down from 6.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.09%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the Electronic industry in Taiwan. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS NT$2.58 (vs NT$3.38 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$5.26b (up 13% from FY 2019). Net income: NT$225.2m (down 23% from FY 2019). Profit margin: 4.3% (down from 6.3% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 01
New 90-day low: NT$55.40 The company is down 4.0% from its price of NT$57.80 on 03 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$31.74 per share. Major Estimate Revision • Nov 20
Analysts lower EPS estimates to NT$2.88 The 2020 consensus revenue estimate was lowered from NT$5.47b to NT$5.25b. Earning per share (EPS) estimate was also lowered from NT$3.68 to NT$2.88 for the same period. Net income is expected to grow by 22% next year compared to 30% growth forecast for the Electronic industry in Taiwan. The consensus price target was lowered from NT$75.33 to NT$72.67. Share price is up 6.0% to NT$68.40 over the past week. Is New 90 Day High Low • Nov 19
New 90-day high: NT$69.10 The company is up 3.0% from its price of NT$67.30 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$24.97 per share. Duyuru • Nov 07
Taisol Electronics Co., Ltd. Establishes Nominating Committee TaiSol Electronics Co., Ltd. announced establishment of nominating committee comprises: Mr. Ching-Sung Yu, Chief Executive Officer of Taisol, Mr. Chun-Hsin Liang, General Manager of Taisol, Mr. Jaan-Lieh Lin, Chief Operating Officer of Taisol, Mr. Wen-Tien Chang, Independent Director of Taisol and Mr. Tien-Yun Tseng, Independent Director of Taisol. Effective November 6, 2020. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 51%. Over the next year, revenue is forecast to grow 11%, compared to a 11% growth forecast for the Electronic industry in Taiwan. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS NT$0.41 The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: NT$1.29b (flat on 3Q 2019). Net income: NT$35.9m (down 64% from 3Q 2019). Profit margin: 2.8% (down from 7.7% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 02
New 90-day low: NT$55.00 The company is down 30% from its price of NT$78.30 on 04 August 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$28.97 per share. Is New 90 Day High Low • Sep 24
New 90-day low: NT$60.10 The company is down 32% from its price of NT$88.60 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$420 per share.