Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$563, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Building industry in Asia. Total returns to shareholders of 745% over the past three years. Reported Earnings • May 14
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: NT$3.00 (up from NT$1.00 in 1Q 2025). Revenue: NT$866.9m (up 74% from 1Q 2025). Net income: NT$235.2m (up 260% from 1Q 2025). Profit margin: 27% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Building industry in Asia. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 114% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 15
Now 20% undervalued Over the last 90 days, the stock has risen 113% to NT$666. The fair value is estimated to be NT$838, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 62%. Revenue is forecast to grow by 104% in 2 years. Earnings are forecast to grow by 330% in the next 2 years. Major Estimate Revision • Mar 28
Consensus revenue estimates increase by 15% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$3.45b to NT$3.97b. EPS estimate increased from NT$12.27 to NT$16.53 per share. Net income forecast to grow 213% next year vs 22% growth forecast for Building industry in Taiwan. Consensus price target up from NT$367 to NT$433. Share price rose 21% to NT$609 over the past week. Reported Earnings • Mar 14
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: NT$5.59 (up from NT$2.94 in FY 2024). Revenue: NT$2.43b (up 26% from FY 2024). Net income: NT$370.0m (up 93% from FY 2024). Profit margin: 15% (up from 10.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Building industry in Asia. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Mar 12
Price target increased by 10% to NT$367 Up from NT$333, the current price target is an average from 3 analysts. New target price is 5.0% below last closing price of NT$386. Stock is up 154% over the past year. The company is forecast to post earnings per share of NT$5.52 for next year compared to NT$2.94 last year. Announcement • Mar 10
Nan Juen International Co., Ltd., Annual General Meeting, Jun 11, 2026 Nan Juen International Co., Ltd., Annual General Meeting, Jun 11, 2026. Location: no,300, sec.1 chuang ching rd., taoyuan district, taoyuan city Taiwan Price Target Changed • Nov 27
Price target increased by 19% to NT$345 Up from NT$290, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$359. Stock is up 103% over the past year. The company is forecast to post earnings per share of NT$5.33 for next year compared to NT$2.94 last year. Reported Earnings • Nov 17
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: NT$1.98 (up from NT$0.67 in 3Q 2024). Revenue: NT$622.1m (up 27% from 3Q 2024). Net income: NT$130.3m (up 199% from 3Q 2024). Profit margin: 21% (up from 8.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates by 26%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Building industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Nov 15
Consensus EPS estimates increase by 21%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$2.49b to NT$2.43b. EPS estimate rose from NT$4.57 to NT$5.52. Net income forecast to grow 235% next year vs 24% growth forecast for Building industry in Taiwan. Consensus price target up from NT$290 to NT$303. Share price rose 9.7% to NT$316 over the past week. Board Change • Nov 05
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 Tsun Cheng was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 03
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 10 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 47% and the cash payout ratio is 97%. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.6%). New Risk • Aug 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.0% average weekly change). New Risk • Aug 16
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk High level of debt (42% net debt to equity). Reported Earnings • Aug 16
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: NT$0.13 (down from NT$0.77 in 2Q 2024). Revenue: NT$601.2m (up 20% from 2Q 2024). Net income: NT$8.38m (down 83% from 2Q 2024). Profit margin: 1.4% (down from 10.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 81%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Building industry in Asia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 11
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. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$154, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Building industry in Asia. Total returns to shareholders of 175% over the past three years. Reported Earnings • May 15
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: NT$1.00 (up from NT$0.72 in 1Q 2024). Revenue: NT$499.5m (up 23% from 1Q 2024). Net income: NT$65.3m (up 39% from 1Q 2024). Profit margin: 13% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Building industry in Asia. 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 37% per year, which means it is well ahead of earnings. Announcement • Apr 29
Nan Juen International Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Nan Juen International Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to NT$112, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Building industry in Asia. Total returns to shareholders of 101% over the past three years. Major Estimate Revision • Mar 22
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$2.84b to NT$2.65b. EPS estimate also fell from NT$7.40 per share to NT$6.39 per share. Net income forecast to grow 136% next year vs 22% growth forecast for Building industry in Taiwan. Consensus price target down from NT$225 to NT$180. Share price rose 3.7% to NT$154 over the past week. Price Target Changed • Mar 21
Price target decreased by 18% to NT$180 Down from NT$220, the current price target is provided by 1 analyst. New target price is 17% above last closing price of NT$154. Stock is down 27% over the past year. The company is forecast to post earnings per share of NT$6.39 for next year compared to NT$2.94 last year. Reported Earnings • Mar 18
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: NT$2.94 (up from NT$0.13 in FY 2023). Revenue: NT$1.92b (up 45% from FY 2023). Net income: NT$192.2m (up NT$183.9m from FY 2023). Profit margin: 10.0% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%. 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 36% per year, which means it is well ahead of earnings. Announcement • Mar 12
Nan Juen International Co., Ltd., Annual General Meeting, Jun 11, 2025 Nan Juen International Co., Ltd., Annual General Meeting, Jun 11, 2025. Location: no,300, sec.1 chuang ching rd., taoyuan district, taoyuan city Taiwan Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$153, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the Building industry in Asia. Total returns to shareholders of 227% over the past three years. Announcement • Jan 23
Nan Juen International Co., Ltd. Announces the Appointment of Chin-Lan Lee as CEO, Effective from February 01, 2025 Nan Juen International Co., Ltd. announced the board resolution on CEO appointment. Name, title, and resume of the new position holder: Chin-Lan Lee /CEO and Chairman of the Company. Reason for the change: To align with the Company's organizational planning and operational growth needs, the Board of Directors resolved on January 22, 2025, that Chairman Ms. Chin-Lan Lee will concurrently serve as CEO. Effective date is February 01, 2025. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$143, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Building industry in Asia. Total returns to shareholders of 217% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$185, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Building industry in Asia. Total returns to shareholders of 335% over the past three years. Reported Earnings • Nov 15
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: NT$0.66 (up from NT$0.27 in 3Q 2023). Revenue: NT$488.9m (up 41% from 3Q 2023). Net income: NT$43.5m (up 142% from 3Q 2023). Profit margin: 8.9% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Building industry in Asia. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Announcement • Nov 06
Nan Juen International Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Nan Juen International Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Upcoming Dividend • Aug 20
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 27 August 2024. Payment date: 18 September 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.7%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.77 (vs NT$0.36 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.77 (up from NT$0.36 loss in 2Q 2023). Revenue: NT$500.2m (up 71% from 2Q 2023). Net income: NT$50.3m (up NT$72.3m from 2Q 2023). Profit margin: 10.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Building industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings. Announcement • Aug 03
Nan Juen International Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Nan Juen International Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Announcement • May 05
Nan Juen International Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 Nan Juen International Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Announcement • Mar 16
Nan Juen International Co., Ltd., Annual General Meeting, Jun 26, 2024 Nan Juen International Co., Ltd., Annual General Meeting, Jun 26, 2024. Location: Taoyuan Monarch Plaza Hotel, located at No.300, Sec. 1, Zhuangjing Rd Taoyuan Dist. Taoyuan City Taiwan Agenda: To approve 2023 Business report, Audit Committee's review of 2023 financial statements, Report on 2023 remuneration to employees and directors, Report of the performance evaluation of directors and managers; to approve recognition of the 2023 business report and financial reports; to approve Recognition of the distribution of earnings for 2023; and to consider other matters. New Risk • Jan 19
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 5.4% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • Dec 09
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • Nov 20
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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • Aug 14
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: 0.6% Last year net profit margin: 7.4% 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: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks High level of debt (41% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • Jul 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 60% 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: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (12% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$83.70, the stock trades at a trailing P/E ratio of 71.1x. Average forward P/E is 13x in the Building industry in Taiwan. Total returns to shareholders of 136% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$80.20, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 10x in the Building industry in Taiwan. Total returns to shareholders of 129% over the past three years. Upcoming Dividend • Jun 13
Upcoming dividend of NT$1.07 per share at 1.6% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 07 July 2023. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.7%). New Risk • Jun 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (13% increase in shares outstanding). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$81.40, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 10x in the Building industry in Taiwan. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$77.20, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 12x in the Building industry in Taiwan. Total returns to shareholders of 225% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$68.30, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 14x in the Building industry in Taiwan. Total returns to shareholders of 91% over the past three years. Announcement • Jan 02
Nan Juen International Co., Ltd. has filed an IPO in the amount of TWD 73.2 million. Nan Juen International Co., Ltd. has filed an IPO in the amount of TWD 73.2 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,626,667
Price\Range: TWD 45 Board Change • Nov 16
No independent 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. No independent directors (5 non-independent 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: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 05
Upcoming dividend of NT$0.90 per share Eligible shareholders must have bought the stock before 12 September 2022. Payment date: 06 October 2022. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (8.0%). Reported Earnings • Aug 18
First half 2022 earnings released: EPS: NT$1.70 (vs NT$0.32 in 1H 2021) First half 2022 results: EPS: NT$1.70 (up from NT$0.32 in 1H 2021). Revenue: NT$1.08b (up 21% from 1H 2021). Net income: NT$97.6m (up 492% from 1H 2021). Profit margin: 9.0% (up from 1.8% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent 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. No independent directors (5 non-independent 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 18
Full year 2021 earnings released: EPS: NT$1.72 (vs NT$0.21 loss in FY 2020) Full year 2021 results: EPS: NT$1.72 (up from NT$0.21 loss in FY 2020). Revenue: NT$2.09b (up 43% from FY 2020). Net income: NT$89.2m (up NT$100.1m from FY 2020). Profit margin: 4.3% (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 fallen by 7% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
First half 2021 earnings released: EPS NT$0.32 (vs NT$0.021 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$892.4m (up 25% from 1H 2020). Net income: NT$16.5m (up NT$15.4m from 1H 2020). Profit margin: 1.8% (up from 0.2% in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 21
Full year 2020 earnings released: NT$0.21 loss per share (vs NT$0.78 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$1.46b (down 16% from FY 2019). Net loss: NT$10.9m (down 127% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Mar 19
Nan Juen International Co., Ltd., Annual General Meeting, Jun 11, 2021 Nan Juen International Co., Ltd., Annual General Meeting, Jun 11, 2021. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 26% share price gain to NT$38.40, the stock is trading at a trailing P/E ratio of 49.1x, up from the previous P/E ratio of 39x. This compares to an average P/E of 42x in the Building industry in Taiwan. Total return to shareholders over the past three years is a loss of 42%. Is New 90 Day High Low • Dec 30
New 90-day low: NT$30.40 The company is down 16% from its price of NT$36.00 on 29 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: NT$31.80 The company is down 10.0% from its price of NT$35.15 on 07 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 23% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: NT$34.00 The company is down 6.0% from its price of NT$36.10 on 24 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 18% over the same period. Is New 90 Day High Low • Oct 06
New 90-day low: NT$34.80 The company is down 3.0% from its price of NT$35.95 on 08 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 Building industry, which is up 14% over the same period. 
