Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: NT$1.11 (vs NT$1.25 in FY 2024) Full year 2025 results: EPS: NT$1.11 (down from NT$1.25 in FY 2024). Revenue: NT$1.28b (up 37% from FY 2024). Net income: NT$89.0m (down 11% from FY 2024). Profit margin: 6.9% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Duyuru • Mar 09
AV TECH Corporation, Annual General Meeting, Jun 17, 2026 AV TECH Corporation, Annual General Meeting, Jun 17, 2026. Location: 4 floor building. e no,19-11, san ch`ung rd., nangang district, taipei city Taiwan Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$0.42 (vs NT$0.12 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.42 (up from NT$0.12 in 3Q 2024). Revenue: NT$321.6m (up 24% from 3Q 2024). Net income: NT$33.7m (up 241% from 3Q 2024). Profit margin: 11% (up from 3.8% in 3Q 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 8% per year, which means it is well ahead of earnings. New Risk • Sep 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.04b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Market cap is less than US$100m (NT$3.04b market cap, or US$99.2m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.23 loss per share (vs NT$0.36 profit in 2Q 2024) Second quarter 2025 results: NT$0.23 loss per share (down from NT$0.36 profit in 2Q 2024). Revenue: NT$318.3m (up 46% from 2Q 2024). Net loss: NT$18.4m (down 164% from profit in 2Q 2024). 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 16% per year, which means it is well ahead of earnings. Declared Dividend • Jun 21
Dividend increased to NT$1.00 Dividend of NT$1.00 is 33% higher than last year. Ex-date: 4th July 2025 Payment date: 1st August 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not covered by cash flows (273% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 49% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jun 20
AV TECH Corporation Approves the Cash Dividend, Payable on August 01, 2024 AV TECH Corporation at its shareholders meeting held June 26, 2024, approved the Cash dividend of TWD 1.0 per share. Ex-rights (ex-dividend) trading date is July 04, 2025. Ex-rights (ex-dividend) record date is July 12, 2025. Payment date of common stock cash dividend distribution is August 01, 2024. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$51.30, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 126% over the past three years. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.38 (vs NT$0.36 in 1Q 2024) First quarter 2025 results: EPS: NT$0.38 (up from NT$0.36 in 1Q 2024). Revenue: NT$266.6m (up 18% from 1Q 2024). Net income: NT$30.1m (up 4.4% from 1Q 2024). Profit margin: 11% (down from 13% 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 7% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 01
AV TECH Corporation to Report Q1, 2025 Results on May 09, 2025 AV TECH Corporation announced that they will report Q1, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$47.35, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 115% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$36.65, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 64% over the past three years. New Risk • Apr 02
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: Minor Risks Dividend is not well covered by earnings (94% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$2.55b market cap, or US$77.0m). Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: NT$1.25 (vs NT$0.73 in FY 2023) Full year 2024 results: EPS: NT$1.25 (up from NT$0.73 in FY 2023). Revenue: NT$938.8m (down 19% from FY 2023). Net income: NT$100.2m (up 71% from FY 2023). Profit margin: 11% (up from 5.1% in FY 2023). 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 whereas the company’s share price has increased by 8% per year. Duyuru • Mar 10
AV TECH Corporation, Annual General Meeting, Jun 18, 2025 AV TECH Corporation, Annual General Meeting, Jun 18, 2025. Location: 4 floor building. e no,19-11, san ch`ung rd., nangang district, taipei city Taiwan Duyuru • Feb 28
AV TECH Corporation to Report Fiscal Year 2024 Results on Mar 07, 2025 AV TECH Corporation announced that they will report fiscal year 2024 results on Mar 07, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.39 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.12 (down from NT$0.39 in 3Q 2023). Revenue: NT$259.9m (down 21% from 3Q 2023). Net income: NT$9.89m (down 68% from 3Q 2023). Profit margin: 3.8% (down from 9.5% in 3Q 2023). 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 only increased by 3% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Sep 12
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to NT$25.70. The fair value is estimated to be NT$21.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 30%. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.36 (vs NT$0.26 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.36 (up from NT$0.26 in 2Q 2023). Revenue: NT$218.6m (down 21% from 2Q 2023). Net income: NT$28.8m (up 38% from 2Q 2023). Profit margin: 13% (up from 7.5% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 05
Now 25% undervalued The stock has been flat over the last 90 days, currently trading at NT$26.65. The fair value is estimated to be NT$35.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Earnings per share has grown by 42%. Duyuru • Aug 02
AV TECH Corporation to Report Q2, 2024 Results on Aug 09, 2024 AV TECH Corporation announced that they will report Q2, 2024 results on Aug 09, 2024 Declared Dividend • Jun 28
Dividend of NT$0.75 announced Shareholders will receive a dividend of NT$0.75. Ex-date: 12th July 2024 Payment date: 9th August 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 66% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jun 27
AV TECH Corporation Approves the Cash Dividend, Payable on August 09, 2024 AV TECH Corporation at its shareholders meeting held June 26, 2024, approved the Cash dividend of TWD 0.75 per share. Ex-rights (ex-dividend) trading date is July 12, 2024. Ex-rights (ex-dividend) record date is July 20, 2024. Payment date of common stock cash dividend distribution is August 09, 2024. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.36 (vs NT$0.12 in 1Q 2023) First quarter 2024 results: EPS: NT$0.36 (up from NT$0.12 in 1Q 2023). Revenue: NT$225.7m (down 13% from 1Q 2023). Net income: NT$28.8m (up 193% from 1Q 2023). Profit margin: 13% (up from 3.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • May 03
AV TECH Corporation to Report Q1, 2024 Results on May 08, 2024 AV TECH Corporation announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 08, 2024 New Risk • Apr 02
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: 5.1% Last year net profit margin: 7.7% 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 (125% payout ratio). Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (NT$2.19b market cap, or US$68.2m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.26 (vs NT$0.36 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.26 (down from NT$0.36 in 2Q 2022). Revenue: NT$276.4m (down 17% from 2Q 2022). Net income: NT$20.8m (down 28% from 2Q 2022). Profit margin: 7.5% (down from 8.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 05
Upcoming dividend of NT$1.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 12 July 2023. Payment date: 07 August 2023. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.2%). Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$27.70, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 27% share price gain to NT$33.65, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 65% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.53 (vs NT$0.20 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.53 (up from NT$0.20 in 3Q 2021). Revenue: NT$316.6m (down 11% from 3Q 2021). Net income: NT$42.7m (up 173% from 3Q 2021). Profit margin: 14% (up from 4.4% 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 126% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 7 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.53 (vs NT$0.20 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.53 (up from NT$0.20 in 3Q 2021). Revenue: NT$316.6m (down 11% from 3Q 2021). Net income: NT$42.7m (up 173% from 3Q 2021). Profit margin: 14% (up from 4.4% 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 126% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 16% share price gain to NT$26.45, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.36 (vs NT$0.046 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.36 (up from NT$0.046 in 2Q 2021). Revenue: NT$331.0m (down 8.3% from 2Q 2021). Net income: NT$28.8m (up NT$25.1m from 2Q 2021). Profit margin: 8.7% (up from 1.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 04
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 11 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.9%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.055 in 1Q 2021) First quarter 2022 results: EPS: NT$0.26 (up from NT$0.055 in 1Q 2021). Revenue: NT$320.4m (flat on 1Q 2021). Net income: NT$21.0m (up 373% from 1Q 2021). Profit margin: 6.6% (up from 1.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 7 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: NT$0.39 (vs NT$0.15 loss in FY 2020) Full year 2021 results: EPS: NT$0.39 (up from NT$0.15 loss in FY 2020). Revenue: NT$1.36b (up 11% from FY 2020). Net income: NT$31.0m (up NT$43.1m from FY 2020). Profit margin: 2.3% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.14 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$356.0m (down 13% from 3Q 2020). Net income: NT$15.7m (up 45% from 3Q 2020). Profit margin: 4.4% (up from 2.6% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS NT$0.04 (vs NT$0.14 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$360.8m (up 59% from 2Q 2020). Net income: NT$3.71m (up NT$14.9m from 2Q 2020). Profit margin: 1.0% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 21
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 28 July 2021. Payment date: 24 August 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.0%). Reported Earnings • May 11
First quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.10 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$321.3m (up 74% from 1Q 2020). Net income: NT$4.44m (up NT$12.7m from 1Q 2020). Profit margin: 1.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Mar 25
Full year 2020 earnings released: NT$0.15 loss per share (vs NT$1.16 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: NT$1.22b (up 52% from FY 2019). Net loss: NT$12.2m (loss narrowed 87% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.13 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$409.0m (up 78% from 3Q 2019). Net income: NT$10.8m (up NT$22.3m from 3Q 2019). Profit margin: 2.6% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 12
New 90-day low: NT$27.80 The company is down 6.0% from its price of NT$29.50 on 14 August 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period.