Valuation Update With 7 Day Price Move • 6h
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to NT$85.70, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 36x in the Electronic industry in Taiwan. Total returns to shareholders of 200% over the past three years. Reported Earnings • May 19
First quarter 2026 earnings released: EPS: NT$0.81 (vs NT$0.007 in 1Q 2025) First quarter 2026 results: EPS: NT$0.81 (up from NT$0.007 in 1Q 2025). Revenue: NT$1.16b (up 48% from 1Q 2025). Net income: NT$144.1m (up NT$142.9m from 1Q 2025). Profit margin: 12% (up from 0.2% 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 45% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$72.30, the stock trades at a trailing P/E ratio of 78.8x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 160% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$60.50, the stock trades at a trailing P/E ratio of 65.9x. Average trailing P/E is 27x in the Electronic industry in Taiwan. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$60.10, the stock trades at a trailing P/E ratio of 65.2x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 136% over the past three years. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$0.92 (vs NT$0.75 loss in FY 2024) Full year 2025 results: EPS: NT$0.92 (up from NT$0.75 loss in FY 2024). Revenue: NT$3.65b (up 51% from FY 2024). Net income: NT$160.8m (up NT$291.0m from FY 2024). Profit margin: 4.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Duyuru • Mar 10
Kinko Optical Co., Ltd., Annual General Meeting, Jun 17, 2026 Kinko Optical Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: 4 floor no,32, ching i rd., wuci district, taichung city Taiwan New Risk • Nov 21
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 8.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.39 (vs NT$0.36 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.39 (up from NT$0.36 loss in 3Q 2024). Revenue: NT$908.7m (up 73% from 3Q 2024). Net income: NT$67.1m (up NT$129.3m from 3Q 2024). Profit margin: 7.4% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.068 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$0.10 (up from NT$0.068 loss in 2Q 2024). Revenue: NT$737.6m (up 19% from 2Q 2024). Net income: NT$16.9m (up NT$28.8m from 2Q 2024). Profit margin: 2.3% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.11 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.01 (up from NT$0.11 loss in 1Q 2024). Revenue: NT$783.0m (up 30% from 1Q 2024). Net income: NT$1.20m (up NT$19.8m from 1Q 2024). Profit margin: 0.2% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% 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. Duyuru • Apr 29
Kinko Optical Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 Kinko Optical Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Reported Earnings • Mar 18
Full year 2024 earnings released: NT$0.75 loss per share (vs NT$0.29 loss in FY 2023) Full year 2024 results: NT$0.75 loss per share (further deteriorated from NT$0.29 loss in FY 2023). Revenue: NT$2.42b (down 10% from FY 2023). Net loss: NT$130.2m (loss widened 162% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Duyuru • Mar 13
Kinko Optical Co., Ltd., Annual General Meeting, Jun 17, 2025 Kinko Optical Co., Ltd., Annual General Meeting, Jun 17, 2025. Location: no,32, ching i rd., wuci district, taichung city Taiwan Duyuru • Mar 04
Kinko Optical Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 Kinko Optical Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 New Risk • Jan 09
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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.1% average weekly change). Buy Or Sell Opportunity • Jan 09
Now 22% undervalued Over the last 90 days, the stock has risen 6.7% to NT$26.95. The fair value is estimated to be NT$34.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Dec 24
Now 21% undervalued Over the last 90 days, the stock has risen 4.6% to NT$27.30. The fair value is estimated to be NT$34.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.36 loss per share (vs NT$0.018 loss in 3Q 2023) Third quarter 2024 results: NT$0.36 loss per share (further deteriorated from NT$0.018 loss in 3Q 2023). Revenue: NT$526.3m (down 25% from 3Q 2023). Net loss: NT$62.2m (loss widened NT$59.1m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Duyuru • Nov 06
Kinko Optical Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Kinko Optical Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 20 September 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.8%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.06 loss per share (vs NT$0.28 profit in 2Q 2023) Second quarter 2024 results: NT$0.06 loss per share (down from NT$0.28 profit in 2Q 2023). Revenue: NT$619.1m (down 12% from 2Q 2023). Net loss: NT$11.8m (down 124% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Aug 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 7.1% 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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.1% average weekly change). Duyuru • Aug 03
Kinko Optical Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024 Kinko Optical Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 Buy Or Sell Opportunity • Jul 29
Now 21% undervalued Over the last 90 days, the stock has risen 8.6% to NT$27.05. The fair value is estimated to be NT$34.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company became loss making. Duyuru • May 03
Kinko Optical Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Kinko Optical Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 Buy Or Sell Opportunity • Apr 24
Now 22% overvalued Over the last 90 days, the stock has fallen 4.7% to NT$25.10. The fair value is estimated to be NT$20.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 20
Now 31% overvalued Over the last 90 days, the stock has fallen 3.6% to NT$26.90. The fair value is estimated to be NT$20.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 19
Full year 2023 earnings released: NT$0.29 loss per share (vs NT$0.37 profit in FY 2022) Full year 2023 results: NT$0.29 loss per share (down from NT$0.37 profit in FY 2022). Revenue: NT$2.70b (down 25% from FY 2022). Net loss: NT$49.8m (down 177% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Duyuru • Mar 14
Kinko Optical Co., Ltd., Annual General Meeting, Jun 20, 2024 Kinko Optical Co., Ltd., Annual General Meeting, Jun 20, 2024. Location: No. 32, Jing 1st Rd., Wuqi Dist Conference room on the 4th floor Taichung City Taiwan Agenda: To consider the Company'2023 Business Report; to approve Audit Committee's Review Report on the 2023 Final Accounting Books and Statements; to report the cash distribution from capital reserves; and to report on the Implementation of Enhancing the Operation Plan. New Risk • Nov 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 787% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 6x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Upcoming Dividend • Aug 02
Upcoming dividend of NT$0.70 per share at 2.5% yield Eligible shareholders must have bought the stock before 09 August 2023. Payment date: 31 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%). Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: NT$0.37 (vs NT$0.91 loss in FY 2021) Full year 2022 results: EPS: NT$0.37 (up from NT$0.91 loss in FY 2021). Revenue: NT$3.58b (flat on FY 2021). Net income: NT$64.9m (up NT$215.4m from FY 2021). Profit margin: 1.8% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.20 (vs NT$0.37 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.20 (up from NT$0.37 loss in 3Q 2021). Revenue: NT$892.2m (down 1.0% from 3Q 2021). Net income: NT$35.4m (up NT$96.4m from 3Q 2021). Profit margin: 4.0% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.20 (vs NT$0.37 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.20 (up from NT$0.37 loss in 3Q 2021). Revenue: NT$892.2m (down 1.0% from 3Q 2021). Net income: NT$35.4m (up NT$96.4m from 3Q 2021). Profit margin: 4.0% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.07 (vs NT$0.41 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.07 (up from NT$0.41 loss in 2Q 2021). Revenue: NT$935.5m (up 10% from 2Q 2021). Net income: NT$11.4m (up NT$78.5m from 2Q 2021). Profit margin: 1.2% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Upcoming Dividend • Jul 27
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 03 August 2022. Payment date: 31 August 2022. The company last paid an ordinary dividend in August 2011. The average dividend yield among industry peers is 4.6%. Reported Earnings • May 08
First quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.25 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.01 (up from NT$0.25 loss in 1Q 2021). Revenue: NT$892.6m (up 8.9% from 1Q 2021). Net income: NT$543.0k (up NT$41.2m from 1Q 2021). Profit margin: 0.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 28
Full year 2021 earnings released: NT$0.91 loss per share (vs NT$1.33 loss in FY 2020) Full year 2021 results: NT$0.91 loss per share (up from NT$1.33 loss in FY 2020). Revenue: NT$3.61b (up 21% from FY 2020). Net loss: NT$150.5m (loss narrowed 31% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Nov 13
Third quarter 2021 earnings released: NT$0.37 loss per share (vs NT$0.30 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: NT$900.8m (up 2.2% from 3Q 2020). Net loss: NT$60.9m (loss widened 24% from 3Q 2020). 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 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: NT$0.41 loss per share (vs NT$0.32 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: NT$848.6m (up 39% from 2Q 2020). Net loss: NT$67.2m (loss widened 27% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
First quarter 2021 earnings released: NT$0.25 loss per share (vs NT$0.23 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: NT$819.8m (up 42% from 1Q 2020). Net loss: NT$40.7m (loss widened 11% from 1Q 2020). 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. Reported Earnings • Mar 27
Full year 2020 earnings released: NT$1.33 loss per share (vs NT$0.70 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$2.98b (down 12% from FY 2019). Net loss: NT$216.8m (loss widened 90% from FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 04
New 90-day high: NT$39.10 The company is up 14% from its price of NT$34.35 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: NT$0.30 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$881.7m (down 5.8% from 3Q 2019). Net loss: NT$49.4m (down NT$58.4m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 28
New 90-day low: NT$32.25 The company is down 6.0% from its price of NT$34.40 on 30 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 Electronic industry, which is up 1.0% over the same period.