Reported Earnings • May 14
First quarter 2026 earnings released: NT$0.047 loss per share (vs NT$0.11 loss in 1Q 2025) First quarter 2026 results: NT$0.047 loss per share (improved from NT$0.11 loss in 1Q 2025). Net loss: NT$5.30m (loss narrowed 59% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • Mar 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). Earnings have declined by 27% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Revenue is less than US$1m (NT$1.5m revenue, or US$46k). Minor Risk Market cap is less than US$100m (NT$1.38b market cap, or US$43.2m). Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$0.04 (vs NT$0.016 in FY 2024) Full year 2025 results: EPS: NT$0.04 (up from NT$0.016 in FY 2024). Net income: NT$4.59m (up 146% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Ankündigung • Mar 11
Ta Jiang Co., Ltd., Annual General Meeting, Jun 12, 2026 Ta Jiang Co., Ltd., Annual General Meeting, Jun 12, 2026, at 11:00 Taipei Standard Time. Location: no,29 aly.6 ln.16, yen p`ing rd., cihtong township, yunlin county Taiwan Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.15 (vs NT$0.14 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.15 (up from NT$0.14 loss in 3Q 2024). Net income: NT$17.5m (up NT$33.7m from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 28% 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. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.11 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.01 (down from NT$0.11 in 2Q 2024). Net income: NT$657.0k (down 95% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.12 loss per share (vs NT$0.15 profit in 1Q 2024) First quarter 2025 results: NT$0.12 loss per share (down from NT$0.15 profit in 1Q 2024). Net loss: NT$12.9m (down 179% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Ankündigung • May 01
Ta Jiang Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Ta Jiang Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$0.02 (vs NT$0.55 in FY 2023) Full year 2024 results: EPS: NT$0.02 (down from NT$0.55 in FY 2023). Net income: NT$1.87m (down 97% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Ankündigung • Mar 13
Ta Jiang Co., Ltd., Annual General Meeting, Jun 13, 2025 Ta Jiang Co., Ltd., Annual General Meeting, Jun 13, 2025. Location: no,29 aly.6 ln.16, yen p`ing rd., cihtong township, yunlin county Taiwan New Risk • Mar 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% 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 High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (34% net profit margin). Market cap is less than US$100m (NT$1.95b market cap, or US$59.2m). Ankündigung • Mar 01
Ta Jiang Co., Ltd. to Report Q4, 2024 Results on Mar 12, 2025 Ta Jiang Co., Ltd. announced that they will report Q4, 2024 results on Mar 12, 2025 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$17.10, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 23x in the Luxury industry in Taiwan. Total returns to shareholders of 111% over the past three years. Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.15 loss per share (vs NT$0.075 loss in 3Q 2023) Third quarter 2024 results: NT$0.15 loss per share (further deteriorated from NT$0.075 loss in 3Q 2023). Revenue: NT$344.0k (up 102% from 3Q 2023). Net loss: NT$16.2m (loss widened 97% from 3Q 2023). 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 26% per year, which means it is well ahead of earnings. Ankündigung • Oct 29
Ta Jiang Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024 Ta Jiang Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024 Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.12 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.12 (up from NT$0.12 in 2Q 2023). Revenue: NT$343.0k (up 99% from 2Q 2023). Net income: NT$12.5m (flat on 2Q 2023). 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 43% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to NT$20.60, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 22x in the Luxury industry in Taiwan. Total returns to shareholders of 152% over the past three years. Ankündigung • Jul 30
Ta Jiang Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Ta Jiang Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.15 (vs NT$0.001 in 1Q 2023) First quarter 2024 results: EPS: NT$0.15 (up from NT$0.001 in 1Q 2023). Revenue: NT$344.0k (up 101% from 1Q 2023). Net income: NT$16.4m (up NT$16.3m from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$30.30, the stock trades at a trailing P/E ratio of 53.3x. Average trailing P/E is 26x in the Luxury industry in Taiwan. Total returns to shareholders of 191% over the past three years. New Risk • Apr 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% 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 Earnings have declined by 2.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.26b market cap, or US$70.0m). Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$19.25, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 28x in the Luxury industry in Taiwan. Total returns to shareholders of 135% over the past three years. New Risk • Mar 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 171% 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 2.1% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.55b market cap, or US$48.6m). Ankündigung • Mar 23
Ta Jiang Co., Ltd., Annual General Meeting, Jun 14, 2024 Ta Jiang Co., Ltd., Annual General Meeting, Jun 14, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$0.57 (vs NT$0.12 loss in FY 2022) Full year 2023 results: EPS: NT$0.57 (up from NT$0.12 loss in FY 2022). Revenue: NT$203.9m (down 18% from FY 2022). Net income: NT$60.7m (up NT$73.0m from FY 2022). Profit margin: 30% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.12 (vs NT$0.46 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.12 (up from NT$0.46 loss in 2Q 2022). Revenue: NT$172.0k (down 99% from 2Q 2022). Net income: NT$12.5m (up NT$60.1m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year. Buying Opportunity • Jul 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.9%. The fair value is estimated to be NT$18.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jul 05
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: NT$123m (US$3.9m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risks Revenue is less than US$5m (NT$123m revenue, or US$3.9m). Market cap is less than US$100m (NT$1.47b market cap, or US$47.0m). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$17.20, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 13x in the Luxury industry in Taiwan. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 24% share price gain to NT$18.35, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 12x in the Luxury industry in Taiwan. Total returns to shareholders of 136% over the past three years. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: NT$0.004 (vs NT$0.021 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.004 (up from NT$0.021 loss in 3Q 2021). Revenue: NT$98.7m (up NT$98.5m from 3Q 2021). Net income: NT$459.0k (up NT$2.67m from 3Q 2021). Profit margin: 0.5% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$15.50, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 15x in the Luxury industry in Taiwan. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 15% share price gain to NT$23.30, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 15x in the Luxury industry in Taiwan. Total returns to shareholders of 199% over the past three years. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 16% share price gain to NT$21.30, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 14x in the Luxury industry in Taiwan. Total returns to shareholders of 166% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$26.90, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 14x in the Luxury industry in Taiwan. Total returns to shareholders of 231% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 47% share price gain to NT$30.35, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 14x in the Luxury industry in Taiwan. Total returns to shareholders of 274% over the past three years. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$0.36 (vs NT$0.067 in 1Q 2021) First quarter 2022 results: EPS: NT$0.36 (up from NT$0.067 in 1Q 2021). Revenue: NT$126.1m (up NT$110.0m from 1Q 2021). Net income: NT$35.8m (up 430% from 1Q 2021). Profit margin: 28% (down from 42% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 27% share price gain to NT$23.25, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 18x in the Luxury industry in Taiwan. Total returns to shareholders of 184% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 25% share price gain to NT$11.20, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 18x in the Luxury industry in Taiwan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: NT$1.05 (vs NT$0.15 in FY 2020) Full year 2021 results: EPS: NT$1.05 (up from NT$0.15 in FY 2020). Net income: NT$106.0m (up NT$91.1m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Nov 17
Third quarter 2021 earnings released: NT$0.02 loss per share (vs NT$0.29 profit in 3Q 2020) Third quarter 2021 results: Net loss: NT$2.21m (down 108% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.02 loss per share (vs NT$0.40 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$114.0k (down 100% from 2Q 2020). Net loss: NT$2.40m (down 106% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 19% share price gain to NT$9.43, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 19x in the Luxury industry in Taiwan. Total returns to shareholders of 7.5% over the past three years. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.51 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$16.1m (down 22% from 1Q 2020). Net income: NT$6.75m (up NT$58.1m from 1Q 2020). Profit margin: 42% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 20% share price gain to NT$11.65, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 25x in the Luxury industry in Taiwan. Total returns to shareholders of 17% over the past three years. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$0.15 (vs NT$0.46 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$219.4m (up 390% from FY 2019). Net income: NT$15.0m (up NT$60.7m from FY 2019). Profit margin: 6.8% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 20
New 90-day low: NT$8.20 The company is down 2.0% from its price of NT$8.35 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: NT$8.85 The company is up 3.0% from its price of NT$8.59 on 24 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 5.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.29 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$172.9m (up NT$172.8m from 3Q 2019). Net income: NT$28.9m (up NT$37.5m from 3Q 2019). Profit margin: 17% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 72% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.