Declared Dividend • Jun 08
Dividend of NT$2.00 announced Shareholders will receive a dividend of NT$2.00. Ex-date: 24th June 2026 Payment date: 27th July 2026 Dividend yield will be 4.4%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$0.11 (vs NT$2.58 in 1Q 2025) First quarter 2026 results: EPS: NT$0.11 (down from NT$2.58 in 1Q 2025). Revenue: NT$730.5m (down 33% from 1Q 2025). Net income: NT$5.15m (down 95% from 1Q 2025). Profit margin: 0.7% (down from 10% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 11
Full year 2025 earnings released: NT$0.67 loss per share (vs NT$10.19 profit in FY 2024) Full year 2025 results: NT$0.67 loss per share (down from NT$10.19 profit in FY 2024). Revenue: NT$3.97b (up 1.4% from FY 2024). Net loss: NT$31.4m (down 107% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Feb 26
Yusin Holding Corp., Annual General Meeting, Jun 05, 2026 Yusin Holding Corp., Annual General Meeting, Jun 05, 2026. Location: 5 floor no,600, chung hsiao rd., east district, chiayi city Taiwan New Risk • Jan 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.13b (US$99.0m) 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: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 20x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (NT$3.13b market cap, or US$99.0m). Reported Earnings • Nov 18
Third quarter 2025 earnings released: NT$6.44 loss per share (vs NT$3.00 profit in 3Q 2024) Third quarter 2025 results: NT$6.44 loss per share (down from NT$3.00 profit in 3Q 2024). Revenue: NT$907.7m (down 15% from 3Q 2024). Net loss: NT$308.9m (down 346% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$67.70, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 19x in the Auto Components industry in Taiwan. Total loss to shareholders of 25% over the past three years. New Risk • Sep 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.95b (US$96.7m) 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: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.95b market cap, or US$96.7m). Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: NT$1.95 (vs NT$2.65 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.95 (down from NT$2.65 in 2Q 2024). Revenue: NT$1.04b (up 14% from 2Q 2024). Net income: NT$93.7m (down 16% from 2Q 2024). Profit margin: 9.1% (down from 12% 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 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Aug 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to NT$75.00. The fair value is estimated to be NT$96.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 3.1%. Declared Dividend • May 31
Dividend of NT$6.50 announced Shareholders will receive a dividend of NT$6.50. Ex-date: 16th June 2025 Payment date: 9th July 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.7% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 30
Yusin Holding Corp. Announces Dividend, Payable on July 09, 2025 Yusin Holding Corp. announced common stock dividend distribution of TWD 311,816,960. Ex-rights (ex-dividend) trading date: June 16, 2025. Ex-rights (ex-dividend) record date is June 22, 2025. Payment date of common stock cash dividend distribution is July 09, 2025. Reported Earnings • May 06
First quarter 2025 earnings released: EPS: NT$2.58 (vs NT$1.72 in 1Q 2024) First quarter 2025 results: EPS: NT$2.58 (up from NT$1.72 in 1Q 2024). Revenue: NT$1.09b (up 42% from 1Q 2024). Net income: NT$111.3m (up 54% from 1Q 2024). Profit margin: 10% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 22
Yusin Holding Corp. to Report Q1, 2025 Results on May 05, 2025 Yusin Holding Corp. announced that they will report Q1, 2025 results on May 05, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$95.30, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 15x in the Auto Components industry in Taiwan. Total returns to shareholders of 44% over the past three years. Buy Or Sell Opportunity • Apr 04
Now 21% overvalued Over the last 90 days, the stock has fallen 5.7% to NT$116. The fair value is estimated to be NT$95.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 8.0%. Announcement • Mar 03
Yusin Holding Corp., Annual General Meeting, May 28, 2025 Yusin Holding Corp., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,600, chung hsiao rd., east district, chiayi city Taiwan Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: NT$10.19 (vs NT$9.02 in FY 2023) Full year 2024 results: EPS: NT$10.19 (up from NT$9.02 in FY 2023). Revenue: NT$3.92b (up 21% from FY 2023). Net income: NT$427.7m (up 13% from FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 19
Yusin Holding Corp. to Report Q4, 2024 Results on Feb 27, 2025 Yusin Holding Corp. announced that they will report Q4, 2024 results on Feb 27, 2025 Announcement • Dec 18
Yusin Holding Corp. has filed a Follow-on Equity Offering in the amount of TWD 60 million. Yusin Holding Corp. has filed a Follow-on Equity Offering in the amount of TWD 60 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,500,000
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,500,000
Transaction Features: Reserved Share Offering Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$3.00 (vs NT$2.49 in 3Q 2023) Third quarter 2024 results: EPS: NT$3.00 (up from NT$2.49 in 3Q 2023). Revenue: NT$1.07b (up 33% from 3Q 2023). Net income: NT$125.8m (up 20% from 3Q 2023). Profit margin: 12% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 02
Yusin Holding Corp. to Report Q3, 2024 Results on Nov 12, 2024 Yusin Holding Corp. announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: NT$2.65 (vs NT$3.07 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.65 (down from NT$3.07 in 2Q 2023). Revenue: NT$912.4m (up 7.7% from 2Q 2023). Net income: NT$111.3m (down 14% from 2Q 2023). Profit margin: 12% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Announcement • Aug 07
Yusin Holding Corp. to Report Q2, 2024 Results on Aug 16, 2024 Yusin Holding Corp. announced that they will report Q2, 2024 results on Aug 16, 2024 Declared Dividend • Jun 11
Dividend reduced to NT$6.00 Dividend of NT$6.00 is 14% lower than last year. Ex-date: 26th June 2024 Payment date: 17th July 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$1.72 (vs NT$1.40 in 1Q 2023) First quarter 2024 results: EPS: NT$1.72 (up from NT$1.40 in 1Q 2023). Revenue: NT$763.6m (up 10.0% from 1Q 2023). Net income: NT$72.2m (up 23% from 1Q 2023). Profit margin: 9.5% (up from 8.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Yusin Holding Corp. to Report Q1, 2024 Results on May 07, 2024 Yusin Holding Corp. announced that they will report Q1, 2024 results on May 07, 2024 Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: NT$9.02 (vs NT$12.12 in FY 2022) Full year 2023 results: EPS: NT$9.02 (down from NT$12.12 in FY 2022). Revenue: NT$3.23b (up 8.0% from FY 2022). Net income: NT$378.7m (down 26% from FY 2022). Profit margin: 12% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Feb 28
Yusin Holding Corp., Annual General Meeting, Jun 07, 2024 Yusin Holding Corp., Annual General Meeting, Jun 07, 2024. Location: The fifth floor of 600 Zhongxiao Road, East Chiayi Taiwan Agenda: To approve 2023 Business report and Financial statements; To approve Audit Committee' s review report on 2023 Financial Statements; To Report on 2023 employees' and directors' remuneration; To approve Amendments to some provisions of the Code of Procedure for Board Meetings of the Company and Any other matters. Upcoming Dividend • Jun 20
Upcoming dividend of NT$7.00 per share at 6.1% yield Eligible shareholders must have bought the stock before 27 June 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.1%). Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: NT$12.11 (vs NT$5.16 in FY 2021) Full year 2022 results: EPS: NT$12.11 (up from NT$5.16 in FY 2021). Revenue: NT$2.99b (up 50% from FY 2021). Net income: NT$508.5m (up 145% from FY 2021). Profit margin: 17% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$117, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 15x in the Auto Components industry in Taiwan. Total returns to shareholders of 105% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Chi-Chih Lin was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$4.98 (vs NT$0.75 in 3Q 2021) Third quarter 2022 results: EPS: NT$4.98 (up from NT$0.75 in 3Q 2021). Revenue: NT$832.2m (up 94% from 3Q 2021). Net income: NT$209.2m (up NT$179.2m from 3Q 2021). Profit margin: 25% (up from 7.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 23% share price gain to NT$136, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 18x in the Auto Components industry in Taiwan. Total returns to shareholders of 136% over the past three years. Reported Earnings • Aug 22
Second quarter 2022 earnings released: EPS: NT$3.74 (vs NT$1.19 in 2Q 2021) Second quarter 2022 results: EPS: NT$3.74 (up from NT$1.19 in 2Q 2021). Revenue: NT$792.6m (up 64% from 2Q 2021). Net income: NT$156.9m (up 233% from 2Q 2021). Profit margin: 20% (up from 9.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 20
Upcoming dividend of NT$4.50 per share Eligible shareholders must have bought the stock before 27 June 2022. Payment date: 18 July 2022. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of Taiwanese dividend payers (6.2%). Higher than average of industry peers (2.8%). Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$1.43 (vs NT$1.01 in 1Q 2021) First quarter 2022 results: EPS: NT$1.43 (up from NT$1.01 in 1Q 2021). Revenue: NT$684.4m (up 73% from 1Q 2021). Net income: NT$59.9m (up 49% from 1Q 2021). Profit margin: 8.7% (down from 10% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Chi-Chih Lin was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 14
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$5.16 (up from NT$3.61 in FY 2020). Revenue: NT$2.00b (up 34% from FY 2020). Net income: NT$207.5m (up 45% from FY 2020). Profit margin: 10% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.75 (vs NT$0.71 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$428.7m (up 12% from 3Q 2020). Net income: NT$30.0m (up 6.1% from 3Q 2020). Profit margin: 7.0% (down from 7.4% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 23
Second quarter 2021 earnings released: EPS NT$1.19 (vs NT$0.95 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$482.7m (up 47% from 2Q 2020). Net income: NT$47.2m (up 25% from 2Q 2020). Profit margin: 9.8% (down from 12% in 2Q 2020). 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 only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 28
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 04 August 2021. Payment date: 23 August 2021. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.3%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$1.01 (vs NT$1.05 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$396.1m (up 19% from 1Q 2020). Net income: NT$40.3m (down 3.7% from 1Q 2020). Profit margin: 10% (down from 13% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS NT$3.61 (vs NT$5.42 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.49b (down 8.3% from FY 2019). Net income: NT$143.6m (down 27% from FY 2019). Profit margin: 9.6% (down from 12% 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 2% per year whereas the company’s share price has fallen by 6% per year. Executive Departure • Mar 12
Independent Director has left the company On the 10th of March, Wanjui Lin's tenure as Independent Director ended after 4.8 years in the role. We don't have any record of a personal shareholding under Wanjui's name. Wanjui is the only executive to leave the company over the last 12 months. Announcement • Mar 12
Yusin Holding Corp. Announces the Resignation of Lin Wan Jui as an Independent Director of the Company Yusin Holding Corp. announced the resignation of Lin Wan Jui as an Independent director of the company. Announcement • Mar 11
Yusin Holding Corp. Announces Resignation of Lin Wan Jui as Member of Audit Committee and Remuneration Committee Yusin Holding Corp. announced that Lin Wan Jui/yusin holding corp independent director resigned as member of audit committee and remuneration committee due to personal state of health, effective March 10, 2021. Announcement • Mar 10
Yusin Holding Corp., Annual General Meeting, Jun 10, 2021 Yusin Holding Corp., Annual General Meeting, Jun 10, 2021. Location: The fifth floor of 600 Zhongxiao Road, East Taiwan Taiwan Agenda: To consider 2020 business report; to consider Audit Committee's review of the 2020 annual final accounting books and statements; to consider report on 2020 employees' and directors' remuneration; to consider amendments to some provisions of the Code of Ethical Conduct; and to consider any other matters. Is New 90 Day High Low • Feb 24
New 90-day high: NT$64.00 The company is up 2.0% from its price of NT$62.80 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: NT$63.30 The company is up 1.0% from its price of NT$62.50 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 18% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS NT$0.71 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$382.2m (down 3.7% from 3Q 2019). Net income: NT$28.3m (down 48% from 3Q 2019). Profit margin: 7.4% (down from 14% in 3Q 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. 