Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$90.87, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 11x in the Capital Markets industry in Taiwan. Total returns to shareholders of 92% over the past three years. Buy Or Sell Opportunity • Jul 13
Now 21% undervalued Over the last 90 days, the stock has risen 5.8% to NT$105. The fair value is estimated to be NT$132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 17%. Upcoming Dividend • Jul 10
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 17 July 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%). Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$2.08 in 1Q 2025) First quarter 2026 results: EPS: NT$2.00. Revenue: NT$1.04b (up 44% from 1Q 2025). Net income: NT$700.2m (up 13% from 1Q 2025). Profit margin: 67% (down from 86% in 1Q 2025). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$8.45 (vs NT$7.47 in FY 2024) Full year 2025 results: EPS: NT$8.45 (up from NT$7.47 in FY 2024). Revenue: NT$3.00b (down 10% from FY 2024). Net income: NT$2.66b (up 23% from FY 2024). Profit margin: 88% (up from 65% in FY 2024). The increase in margin was driven by lower expenses. 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 25% per year. Announcement • Mar 12
Yuanta Futures Co., Ltd., Annual General Meeting, May 27, 2026 Yuanta Futures Co., Ltd., Annual General Meeting, May 27, 2026. Location: 13 floor no,27, sec.1 an huo rd., da-an district, taipei city Taiwan Announcement • Jan 02
Yuanta Futures Announces the Change of Representative of Juristic-Person Director,Effective January 1, 2026 Yuanta Futures announced the change of representative of juristic-person director. Date of occurrence of the change: December 31, 2025. Name of legal person: Yuanta Financial Holding Co., Ltd. Name of the previous position holder: Guo, Mei-Ling. Resume of the previous position holder: Director of Yuanta Futures. Name of the new position holder: Yang, Sheng-Hui. Resume of the new position holder: President of Yuanta Securities Finance. Reason for the change: Reassignment of directors. Original term (from May 27, 2024 to May 26, 2027). Effective date of the new appointment: January 1, 2026. Any other matters that need to be specified: None. New Risk • Nov 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risk Dividend is not well covered by cash flows (260% cash payout ratio). Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: NT$2.21 (vs NT$2.15 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.21 (up from NT$2.15 in 3Q 2024). Revenue: NT$703.4m (down 26% from 3Q 2024). Net income: NT$707.1m (up 13% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: NT$2.14 (vs NT$1.56 in 2Q 2024) Second quarter 2025 results: EPS: NT$2.14 (up from NT$1.56 in 2Q 2024). Revenue: NT$743.8m (down 23% from 2Q 2024). Net income: NT$684.7m (up 52% from 2Q 2024). Profit margin: 92% (up from 47% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.3% to NT$79.90. The fair value is estimated to be NT$101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has grown by 32%. Declared Dividend • May 23
Dividend reduced to NT$4.80 Dividend of NT$4.80 is 4.0% lower than last year. Ex-date: 9th June 2025 Payment date: 30th June 2025 Dividend yield will be 5.7%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$2.08 (vs NT$1.83 in 1Q 2024) First quarter 2025 results: EPS: NT$2.08 (up from NT$1.83 in 1Q 2024). Revenue: NT$721.6m (down 3.6% from 1Q 2024). Net income: NT$617.5m (up 17% from 1Q 2024). Profit margin: 86% (up from 71% in 1Q 2024). The increase in margin was driven by lower expenses. 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 20% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to NT$75.10. The fair value is estimated to be NT$97.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.6% over the last 3 years. Earnings per share has grown by 34%. Announcement • Mar 11
Yuanta Futures Co., Ltd. announced that it expects to receive TWD 7.4 million in funding from Yuanta Financial Holding Co., Ltd. Yuanta Futures Co.,Ltd announced a private placement to issue 100,000 shares at an issue price of TWD 74 per share for gross proceeds of TWD 7,400,000 on March 10, 2025. The transaction will include participation from returning investor Yuanta Financial Holding Co., Ltd with 66.27% stake. The transaction has been approved by shareholders of investors. Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: NT$7.47 (vs NT$6.39 in FY 2023) Full year 2024 results: EPS: NT$7.47 (up from NT$6.39 in FY 2023). Revenue: NT$3.35b (up 13% from FY 2023). Net income: NT$2.17b (up 17% from FY 2023). Profit margin: 65% (up from 63% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
Yuanta Futures Co., Ltd., Annual General Meeting, May 21, 2025 Yuanta Futures Co., Ltd., Annual General Meeting, May 21, 2025, at 09:00 Taipei Standard Time. Location: 13 floor no,27, sec.1 an huo rd., da-an district, taipei city Taiwan Announcement • Feb 19
Yuanta Futures Co., Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025 Yuanta Futures Co., Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025 Announcement • Feb 12
Yuanta Futures Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 2.22 billion. Yuanta Futures Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 2.22 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 24,000,000
Price\Range: TWD 74
Security Name: Shares
Security Type: Common Stock
Securities Offered: 6,000,000
Price\Range: TWD 74
Transaction Features: Reserved Share Offering; Rights Offering Announcement • Dec 27
Yuanta Futures Co., Ltd. announced that it expects to receive TWD 2.295 billion in funding from Yuanta Financial Holding Co., Ltd. Yuanta Futures Co., Ltd. announced a private placement to offer share tentatively between 15,904,776 to 27,000,000 shares at an issue price of tentatively between NTD65 to NTD85 per share for gross proceeds of NTD2,295,000,000 on December 25, 2024. The transaction will include participation from returning investor Yuanta Financial Holding Co., Ltd, which currently holds 66.27% stake in the company. The transaction has been approved by the board of directors of the company. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: NT$2.15 (vs NT$1.68 in 3Q 2023) Third quarter 2024 results: EPS: NT$2.15 (up from NT$1.68 in 3Q 2023). Revenue: NT$951.0m (up 16% from 3Q 2023). Net income: NT$624.3m (up 28% from 3Q 2023). Profit margin: 66% (up from 60% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 07
Now 20% overvalued Over the last 90 days, the stock has fallen 5.8% to NT$86.50. The fair value is estimated to be NT$71.93, however this is not to be taken as a sell 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 33%. Buy Or Sell Opportunity • Sep 20
Now 21% overvalued Over the last 90 days, the stock has fallen 2.1% to NT$86.90. The fair value is estimated to be NT$71.94, however this is not to be taken as a sell 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 33%. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: NT$1.55 (vs NT$1.95 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.55 (down from NT$1.95 in 2Q 2023). Revenue: NT$959.1m (up 42% from 2Q 2023). Net income: NT$450.8m (down 20% from 2Q 2023). Profit margin: 47% (down from 84% 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 33% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Aug 14
Yuanta Futures Co., Ltd. to Report Q2, 2024 Results on Aug 21, 2024 Yuanta Futures Co., Ltd. announced that they will report Q2, 2024 results on Aug 21, 2024 Declared Dividend • Jun 07
Dividend increased to NT$5.00 Dividend of NT$5.00 is 100% higher than last year. Ex-date: 21st June 2024 Payment date: 9th July 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 03
Yuanta Futures Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 Yuanta Futures Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Announcement • Mar 08
Yuanta Futures Co., Ltd., Annual General Meeting, May 27, 2024 Yuanta Futures Co., Ltd., Annual General Meeting, May 27, 2024. Location: 13F., No.27, Sec. 1, Anhe Rd., Da'an Dist. (meeting room of National Futures Association) Taipei City Taiwan Agenda: To consider 2023 annual business report; to consider audit committee's review of the company's 2023 annual business report, financial statement and statement of surplus allocation; to consider the company's employee compensation distribution for 2023; to consider the company's establishment of sustainable development policies and management rules; to concrete 2024 promotion plans for sustainable development; to consider agenda of 2023 annual business report and financial statement; and to consider other matters. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: NT$6.39 (vs NT$3.95 in FY 2022) Full year 2023 results: EPS: NT$6.39 (up from NT$3.95 in FY 2022). Revenue: NT$2.97b (down 23% from FY 2022). Net income: NT$1.85b (up 62% from FY 2022). Profit margin: 63% (up from 30% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 29
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to NT$69.60. The fair value is estimated to be NT$56.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has grown by 12%. Announcement • Feb 28
Yuanta Futures Co., Ltd. Announces Cash Dividends for Year Ended December 31, 2023 Yuanta Futures Co., Ltd. announced appropriations of earnings in cash dividends to shareholders of TWD 5 for year ended December 31, 2023. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: NT$1.68 (vs NT$1.28 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.68 (up from NT$1.28 in 3Q 2022). Revenue: NT$945.8m (flat on 3Q 2022). Net income: NT$488.2m (up 32% from 3Q 2022). Profit margin: 52% (up from 39% in 3Q 2022). 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 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: NT$1.96 (vs NT$0.98 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.96 (up from NT$0.98 in 2Q 2022). Revenue: NT$677.6m (down 34% from 2Q 2022). Net income: NT$566.6m (up 99% from 2Q 2022). Profit margin: 84% (up from 28% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Jun 07
First quarter 2023 earnings released: EPS: NT$1.25 (vs NT$0.58 in 1Q 2022) First quarter 2023 results: EPS: NT$1.25 (up from NT$0.58 in 1Q 2022). Revenue: NT$742.8m (down 22% from 1Q 2022). Net income: NT$363.2m (up 117% from 1Q 2022). Profit margin: 49% (up from 18% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% 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. Upcoming Dividend • Jun 02
Upcoming dividend of NT$2.50 per share at 4.7% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.6%). In line with average of industry peers (5.2%). Announcement • May 26
Yuanta Futures Co., Ltd. Appoints An-Pin as Independent Director of Audit Committee Yuanta Futures Co., Ltd. appointed Chen, An-Pin as Independent Director of the company. Name of the functional committees: Audit Committee. Effective date is May 24, 2023. Announcement • May 25
Yuanta Futures Co., Ltd. Announces Cash Dividend, Payable on June 30, 2023 Yuanta Futures Co., Ltd. announced Cash dividend to common shareholders: TWD 724,940,720 (TWD 2.5 per share). Ex-rights (Ex-dividend) date: June 9, 2023. Ex-rights (Ex-dividend) record date: June 17, 2023. Payment date of cash dividend distribution: June 30, 2023. Announcement • Feb 01
Yuanta Futures Co., Ltd. Announces Demise of Huang, Nai-Kuan, Independent Director, Member of the Auditing Committee, Member and Chairman of Remuneration Committee Yuanta Futures Co., Ltd. announced death of Huang, Nai-Kuan, Independent Director, member of the Auditing Committee, member and chairman of Remuneration Committee. Date of occurrence of the change is January 28, 2023. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Yui-Chun Wu 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. Lack of board continuity. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: NT$1.28 (vs NT$1.01 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.28 (up from NT$1.01 in 3Q 2021). Revenue: NT$995.4m (up 3.6% from 3Q 2021). Net income: NT$370.3m (up 26% from 3Q 2021). Profit margin: 37% (up from 31% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: NT$0.98 (vs NT$0.78 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.98 (up from NT$0.78 in 2Q 2021). Revenue: NT$1.02b (down 2.1% from 2Q 2021). Net income: NT$284.4m (up 26% from 2Q 2021). Profit margin: 28% (up from 22% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 02
Upcoming dividend of NT$2.30 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 30 June 2022. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (6.5%). Announcement • May 26
Yuanta Futures Co., Ltd. Declares Cash Dividend for the year 2021, Payable on June 30, 2022 Yuanta Futures Co., Ltd. declared Cash dividend to common shareholders of TWD 666,945,462 (TWS 2.3 per share). Ex-rights (Ex-dividend) date is JUne 9, 2022. Ex-rights (Ex-dividend) record date is June 17, 2022. Payment date of cash dividend distribution is June 30, 2022. Reported Earnings • May 08
First quarter 2022 earnings released: EPS: NT$0.58 (vs NT$0.73 in 1Q 2021) First quarter 2022 results: EPS: NT$0.58 (down from NT$0.73 in 1Q 2021). Revenue: NT$956.5m (down 7.1% from 1Q 2021). Net income: NT$167.7m (down 21% from 1Q 2021). Profit margin: 18% (down from 21% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Yui-Chun Wu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
Yuanta Futures Announces the Reassignment of Directors Yuanta Futures Co., Ltd. announced the reassignment of directors. Title and name of the previous position holder: Chiu, Hsien-Tao /Director of Yuanta Futures and Li, Yueh-Tsang /Director of Yuanta Futures. Resume of the previous position holder: Chiu, Hsien-Tao /Director of Yuanta Futures and Li, Yueh-Tsang /Director of Yuanta Futures. Title and name of the new position holder: Chen, Pin-Cheng /Director of Yuanta Futures and Zhang,Wei-Zhen /Director of Yuanta Futures. Resume of the new position holder: Chen, Pin-Cheng /Independent Director of Alcor Micro Co., Ltd. and Zhang,Wei-Zhen /Vice President of Yuanta Financial Holdings. Reason for the change: Reassignment of directors. Effective date of the new appointment:111/05/24. Reported Earnings • Mar 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$2.97 (down from NT$4.23 in FY 2020). Revenue: NT$3.88b (flat on FY 2020). Net income: NT$860.3m (down 20% from FY 2020). Profit margin: 22% (down from 28% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 04
Yuanta Futures Co., Ltd., Annual General Meeting, May 24, 2022 Yuanta Futures Co., Ltd., Annual General Meeting, May 24, 2022. Location: 13F., No.27, Sec. 1, Anhe Rd. Da'an Dist. Taipei City Taiwan Agenda: To discuss 2021 annual business report; to discuss Audit committee's review of the company's 2021 annual business report, financial statement and statement of surplus allocation; to discuss The company's employee compensation distribution for 2021; to discuss Agenda of 2021 annual business report and financial statement; to discuss Agenda of 2021 annual surplus allocation; to discuss amendment to the Articles of Incorporation. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$1.02 (vs NT$1.11 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$961.5m (down 2.5% from 3Q 2020). Net income: NT$293.9m (up 6.1% from 3Q 2020). Profit margin: 31% (up from 28% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Sep 30
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Yui-Chun Wu 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. Lack of board continuity. Announcement • Jul 03
Yuanta Futures Co., Ltd. Approves Liquidation of YF Information (Shanghai) Yuanta Futures Co., Ltd. announced that the board of directors of Yuanta Futures resolved to liquidate SYF Information (Shanghai), an indirectly 100% owned subsidiary. Reported Earnings • May 06
First quarter 2021 earnings released: EPS NT$0.73 (vs NT$1.23 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.03b (down 12% from 1Q 2020). Net income: NT$212.6m (down 26% from 1Q 2020). Profit margin: 21% (down from 25% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS NT$4.23 (vs NT$4.89 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$3.83b (up 35% from FY 2019). Net income: NT$1.07b (down 5.8% from FY 2019). Profit margin: 28% (down from 40% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Announcement • Mar 19
Yuanta Futures Announces Appropriations of Earnings in Cash Dividends for the Year Ended December 31, 2020 Yuanta Futures announced appropriations of earnings in cash dividends to shareholders of TWD 2.8 per share for the year ended December 31, 2020. Announcement • Mar 04
Yuanta Futures Co., Ltd., Annual General Meeting, May 28, 2021 Yuanta Futures Co., Ltd., Annual General Meeting, May 28, 2021. Location: 13F., No.27, Sec. 1, Anhe Rd., Da'an Dist., Taipei City Taiwan Agenda: To discuss 2020 annual business report; to discuss Audit committee's review of the company's 2020 annual business report, financial statement and statement of surplus allocation; to discuss The company's employee compensation distribution for 2020; to discuss Agenda of 2020 annual business report and financial statement; to discuss Agenda of 2020 annual surplus allocation; to discuss amendment to the Articles of Incorporation. Is New 90 Day High Low • Feb 26
New 90-day high: NT$52.80 The company is up 4.0% from its price of NT$51.00 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 07
New 90-day low: NT$50.40 The company is down 10.0% from its price of NT$55.70 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 3.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of NT$1.10b, down 9.7% from the prior year. Total revenue was NT$3.61b over the last 12 months, up 15% from the prior year. Announcement • Oct 30
Yuanta Futures Co., Ltd. Announces Appointment of Hsu, Kuo-Tsun as Executive Vice President Yuanta Futures Co., Ltd. announced appointment of Hsu, Kuo-Tsun as Executive Vice President, effective October 29, 2020. Is New 90 Day High Low • Oct 19
New 90-day low: NT$52.50 The company is down 5.0% from its price of NT$55.40 on 21 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is flat over the same period. 
