Declared Dividend • Jun 05
Dividend increased to NT$7.28 Dividend of NT$7.28 is 73% higher than last year. Ex-date: 18th June 2026 Payment date: 15th July 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 17
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: NT$2.42 (up from NT$1.55 in 1Q 2025). Revenue: NT$1.63b (up 20% from 1Q 2025). Net income: NT$191.2m (up 57% from 1Q 2025). Profit margin: 12% (up from 9.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 12
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: NT$8.49 (up from NT$4.77 in FY 2024). Revenue: NT$6.07b (up 18% from FY 2024). Net income: NT$666.0m (up 80% from FY 2024). Profit margin: 11% (up from 7.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 12
Power Wind Health Industry Incorporated, Annual General Meeting, May 27, 2026 Power Wind Health Industry Incorporated, Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: 7 floor no,311, ch`i hsien 1st rd., sinsing district, kaohsiung city Taiwan Reported Earnings • Aug 11
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: NT$1.99 (up from NT$1.17 in 2Q 2024). Revenue: NT$1.48b (up 16% from 2Q 2024). Net income: NT$155.8m (up 72% from 2Q 2024). Profit margin: 11% (up from 7.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 23
Upcoming dividend of NT$4.20 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.6%). Declared Dividend • Jun 05
Dividend of NT$4.20 announced Shareholders will receive a dividend of NT$4.20. Ex-date: 30th June 2025 Payment date: 25th July 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 37% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.5% EPS decline seen over the last 5 years. Reported Earnings • May 09
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: NT$1.55 (up from NT$0.62 in 1Q 2024). Revenue: NT$1.35b (up 19% from 1Q 2024). Net income: NT$121.6m (up 153% from 1Q 2024). Profit margin: 9.0% (up from 4.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.9%. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Power Wind Health Industry Incorporated to Report Q1, 2025 Results on May 08, 2025 Power Wind Health Industry Incorporated announced that they will report Q1, 2025 results on May 08, 2025 Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: NT$4.77 (vs NT$1.50 in FY 2023) Full year 2024 results: EPS: NT$4.77 (up from NT$1.50 in FY 2023). Revenue: NT$5.12b (up 19% from FY 2023). Net income: NT$370.4m (up 230% from FY 2023). Profit margin: 7.2% (up from 2.6% 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 100% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 14
Power Wind Health Industry Incorporated, Annual General Meeting, Jun 03, 2025 Power Wind Health Industry Incorporated, Annual General Meeting, Jun 03, 2025, at 09:00 Taipei Standard Time. Location: 7 floor no,311, ch`i hsien 1st rd., sinsing district, kaohsiung city Taiwan Announcement • Mar 05
Power Wind Health Industry Incorporated to Report Fiscal Year 2024 Results on Mar 12, 2025 Power Wind Health Industry Incorporated announced that they will report fiscal year 2024 results on Mar 12, 2025 New Risk • Jan 21
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: NT$1.23 (up from NT$0.69 in 3Q 2023). Revenue: NT$1.35b (up 18% from 3Q 2023). Net income: NT$94.9m (up 85% from 3Q 2023). Profit margin: 7.1% (up from 4.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 10
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: NT$1.17 (up from NT$0.39 in 2Q 2023). Revenue: NT$1.28b (up 20% from 2Q 2023). Net income: NT$90.5m (up 210% from 2Q 2023). Profit margin: 7.1% (up from 2.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Aug 01
Power Wind Health Industry Incorporated to Report Q2, 2024 Results on Aug 08, 2024 Power Wind Health Industry Incorporated announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Jun 28
Upcoming dividend of NT$2.11 per share Eligible shareholders must have bought the stock before 05 July 2024. Payment date: 30 July 2024. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (4.0%). Declared Dividend • Jun 08
Dividend increased to NT$2.11 Dividend of NT$2.11 is 36% higher than last year. Ex-date: 5th July 2024 Payment date: 30th July 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 3.2% to shift the payout ratio to a potentially unsustainable range, which is less than the 20% EPS decline seen over the last 5 years. New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% 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 Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (141% payout ratio). Large one-off items impacting financial results. New Risk • May 28
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$0.62 (vs NT$0.31 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.62 (up from NT$0.31 loss in 1Q 2023). Revenue: NT$1.14b (up 20% from 1Q 2023). Net income: NT$48.1m (up NT$71.1m from 1Q 2023). Profit margin: 4.2% (up from net loss in 1Q 2023). The move to profitability was driven by higher 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. Announcement • May 02
Power Wind Health Industry Incorporated to Report Q1, 2024 Results on May 08, 2024 Power Wind Health Industry Incorporated announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Mar 14
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: NT$1.50 (up from NT$0.95 in FY 2022). Revenue: NT$4.30b (up 19% from FY 2022). Net income: NT$112.1m (up 58% from FY 2022). Profit margin: 2.6% (up from 2.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Jan 09
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. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shang-Pao Yeh was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Dec 30
Power Wind Health Industry Incorporated Announces Resignation of Chi-Shan Hung as Independent Director as Member of Audit Committee and Remuneration Committee, Effective as of January 1, 2024 Power Wind Health Industry Incorporated announced the resignation of independent director as a member of Audit Committee and Remuneration Committee. Title and name of the previous position holder: Chi-Shan Hung; Resume of the previous position holder: Independent Director of Hua Yu Lien Co.,Ltd. and Ping Ho Environmental Technology Co.,Ltd., and Representative of Juristic Person Director of Flexium Interconnect.Inc. The Company received the resignation letter on December 29, 2023, and the independent director resigned as of January 1, 2024. By-election will be held during the nearest shareholders' meeting. New Risk • Dec 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 44% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.4% net profit margin). New Risk • Nov 17
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: 1.4% Last year net profit margin: 5.2% 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 Earnings have declined by 44% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.4% net profit margin). Announcement • Nov 09
Power Wind Health Industry Incorporated Announces Change to CEO, Effective December 1, 2023 Power Wind Health Industry Incorporated Announced to resolved to change CEO. Type of personnel changed: CEO Date of occurrence of the change: November 7, 2023. Name, title, and resume of the previous position holder: George Chen/The Company's Chairperson & CEO & CSO. Name, title, and resume of the new position holder: George Chen/The Company--s Chairperson & CSO. Type of the change: Position adjustment. Reason for the change: To adjust the company's structure, complete corporate governance, and strengthen the BoD function of supervision, the position of CEO is canceled. Effective date: December 1, 2023. New Risk • Aug 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 41% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$0.39 (vs NT$0.058 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.39 (up from NT$0.058 in 2Q 2022). Revenue: NT$1.06b (up 27% from 2Q 2022). Net income: NT$29.2m (up NT$24.9m from 2Q 2022). Profit margin: 2.7% (up from 0.5% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 30
Upcoming dividend of NT$1.55 per share at 1.0% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 31 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (1.9%). Price Target Changed • May 23
Price target increased by 19% to NT$183 Up from NT$154, the current price target is provided by 1 analyst. New target price is 21% above last closing price of NT$151. Stock is up 25% over the past year. The company posted earnings per share of NT$0.95 last year. Reported Earnings • Feb 23
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: NT$0.95 (up from NT$1.91 loss in FY 2021). Revenue: NT$3.61b (up 38% from FY 2021). Net income: NT$71.0m (up NT$213.3m from FY 2021). Profit margin: 2.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 87%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. 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. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ji Hong was the last independent director to join the board, commencing their role in 2020. 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: EPS misses analyst expectations Third quarter 2022 results: EPS: NT$0.03 (up from NT$3.44 loss in 3Q 2021). Revenue: NT$919.5m (up 171% from 3Q 2021). Net income: NT$2.16m (up NT$258.5m from 3Q 2021). Profit margin: 0.2% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 98%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Sep 10
Power Wind Health Industry Incorporated Announces Executive Appointments Power Wind Health Industry Incorporated announced the company’s BoD resolved to newly appoint CSO and CBO and the appointments: Name, title, and resume of the new position holder: CSO: George Chen/Chairman and CEO of the company; CBO: John Chen/president of the company. Effective date is September 8, 2022. Reported Earnings • Aug 14
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: NT$0.06 (up from NT$1.21 loss in 2Q 2021). Revenue: NT$836.1m (up 75% from 2Q 2021). Net income: NT$4.30m (up NT$94.2m from 2Q 2021). Profit margin: 0.5% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 94%. Over the next year, revenue is forecast to grow 40%, compared to a 35% growth forecast for the industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 24
Upcoming dividend of NT$1.29 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 22 July 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (3.5%). Announcement • Jun 17
Power Wind Health Industry Incorporated Announces Adjusted Capital Surplus Distribution Power Wind Health Industry Incorporated announced adjusted Capital surplus distribution in the board of directors or shareholders meeting held on June 16, 2022. Type and monetary amount of original dividend distribution: Capital surplus distribution Cash dividends TWD 100,000,000, and TWD 1.29106633 per share. 3.Type and monetary amount of dividend distribution after the change: Capital surplus distribution Cash dividends TWD 100,000,000, and TWD 1.29145816 per share. 4.Reason for the change: Due to the buy-back of new restricted employee shares from resigned employees and the repurchase of treasury shares, the number of shares outstanding with the rights to participate the distribution changes to be 77,431,854 shares. Therefore, the Company adjusts the dividend payout ratio. Announcement • Jun 07
Power Wind Health Industry Incorporated Announces Cash Dividend from Capital Surplus, Payable on July 22, 2022 Power Wind Health Industry Incorporated announced distribution from capital surplus. Distribution from capital surplus: Cash dividend is TWD 100,000,000, and TWD 1.29106633 per share. Ex-rights (ex-dividend) trading date is July 1, 2022. Ex-rights (ex-dividend) record date July 9, 2022. The distribution is expected to be done on July 22, 2022 via the methods such as remitting or sending a check by registered mail, and rounded down to the nearest dollar. Shareholders shall bear the remittance fees and postage. Reported Earnings • May 08
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$0.84 (down from NT$1.22 in 1Q 2021). Revenue: NT$903.8m (flat on 1Q 2021). Net income: NT$62.8m (down 31% from 1Q 2021). Profit margin: 7.0% (down from 10.0% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 42%, compared to a 46% growth forecast for the industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target decreased to NT$177 Down from NT$243, the current price target is an average from 2 analysts. New target price is 47% above last closing price of NT$120. Stock is down 22% over the past year. The company is forecast to post earnings per share of NT$6.96 next year compared to a net loss per share of NT$1.91 last year. 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. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Ji Hong was the last independent director to join the board, commencing their role in 2020. 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 13
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: NT$1.91 loss per share (down from NT$5.40 profit in FY 2020). Revenue: NT$2.61b (down 29% from FY 2020). Net loss: NT$142.3m (down 136% from profit in FY 2020). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 60%, compared to a 60% growth forecast for the restaurants industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 49% 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. Reported Earnings • Nov 07
Third quarter 2021 earnings released: NT$3.44 loss per share (vs NT$1.58 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$339.1m (down 66% from 3Q 2020). Net loss: NT$256.3m (down 318% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Price Target Changed • Aug 16
Price target increased to NT$243 Up from NT$196, the current price target is provided by 1 analyst. New target price is 78% above last closing price of NT$137. Stock is down 17% over the past year. Board Change • Aug 16
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. 4 non-independent directors. Independent Director Ji Hong was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 16
Power Wind Health Industry Incorporated Announces Operating Sites of its All Brands Shut Down from May 15, 2021 to May 28, 2021 in Comply with Government Anti-Epidemic Measures Power Wind Health Industry Incorporated announced that the operating sites of all the company's brands shut down from May 15, 2021 to May 28, 2021 in comply with the government anti-epidemic measures. The Central Epidemic Command Center announced May 15, 2021 that since the domestic Covid-19 pandemic is getting severe recently, it raises the epidemic warning to level 3 in Taipei city and New Taipei city from May 15, 2021 to May 28. With the stricter and stronger restrictions and measures, it prevents the local transmission from mass spreading. Among its national measures 1: the measure shut down all the recreational sites, including fitness centers (and civil sports centers). In comply with the anti-epidemic measures which the government, the operating sites of all the brands the company runs, including Fitness Factory, Body Workshop, S klub, Crazy Jump, Lets Roll and KILL ZONE, have to be closed immediately to secure the safety and health of the consumers and employees. The 14-day temporary suspension in all the operating sites of Power Wind will bring a short-term impact to May revenue. However, the company has maintained a strong financial condition for a long time. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$1.28 (vs NT$1.60 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$911.2m (up 4.3% from 1Q 2020). Net income: NT$90.7m (down 20% from 1Q 2020). Profit margin: 10.0% (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 increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 08
Price target increased to NT$229 Up from NT$206, the current price target is provided by 1 analyst. New target price is 32% above last closing price of NT$173. Stock is up 33% over the past year. Announcement • Mar 16
Power Wind Health Industry Incorporated, Annual General Meeting, Jun 01, 2021 Power Wind Health Industry Incorporated, Annual General Meeting, Jun 01, 2021. Location: No. 801, Chongde Rd., Zuoying Dist (Conference room in Garden Villa) Kaohsiung City Taiwan Agenda: To consider the Company's 2020 Business report; to consider Audit Committee's review report on the 2020 Financial Statements; to consider 2020 Employees' compensation and Directors' remuneration; to amend the Company's Codes of Ethical Conduct; to consider report on the implementation of repurchasing the Company's own shares; to consider report on the implementation of issuing the Company's domestic second unsecured convertible corporate bonds; to consider the Company's 2020 Business report, Parent-only and Consolidated Financial Statements; to consider the Company's 2020 Profit distribution proposal; to consider issue new shares through capital increase from 2020 earnings; to propose to release the directors from non-competition restriction; and to consider other matters. Reported Earnings • Mar 16
Full year 2020 earnings released: EPS NT$5.67 (vs NT$6.81 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$3.68b (up 4.3% from FY 2019). Net income: NT$401.0m (down 15% from FY 2019). Profit margin: 11% (down from 13% 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 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 16
New 90-day high: NT$172 The company is up 8.0% from a price of NT$160 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Exceeded the Hospitality industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: NT$150 The company is down 7.0% from its price of NT$161 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$401 per share. Is New 90 Day High Low • Dec 22
New 90-day low: NT$153 The company is down 5.0% from its price of NT$161 on 23 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$408 per share. Major Estimate Revision • Dec 18
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from NT$6.73 to NT$5.65. Revenue estimate was approximately flat at NT$3.71b. Net income is expected to grow by 24% next year compared to 48% growth forecast for the Hospitality industry in Taiwan. The consensus price target was lowered from NT$214 to NT$214. Share price stayed mostly flat at NT$157 over the past week. Price Target Changed • Dec 15
Price target raised to NT$219 Up from NT$201, the current price target is an average from 2 analysts. The new target price is 40% above the current share price of NT$156. As of last close, the stock is down 17% over the past year. Reported Earnings • Nov 06
Third quarter 2020 earnings released: EPS NT$1.66 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$994.3m (up 11% from 3Q 2019). Net income: NT$117.6m (up 2.3% from 3Q 2019). Profit margin: 12% (down from 13% in 3Q 2019). 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 whereas the company’s share price has increased by 16% per year. Analyst Estimate Surprise Post Earnings • Nov 06
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.3%. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 16%, compared to a 6.6% growth forecast for the Hospitality industry in Taiwan. 