New Risk • Aug 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.2% 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 (8.2% operating cash flow to total debt). High level of non-cash earnings (30% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 14
Second quarter 2026 earnings released: EPS: NT$2.70 (vs NT$2.40 in 2Q 2025) Second quarter 2026 results: EPS: NT$2.70 (up from NT$2.40 in 2Q 2025). Revenue: NT$8.76b (up 13% from 2Q 2025). Net income: NT$837.8m (up 12% from 2Q 2025). Profit margin: 9.6% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jun 05
Dividend of NT$9.67 announced Shareholders will receive a dividend of NT$9.67. Ex-date: 18th June 2026 Payment date: 3rd July 2026 Dividend yield will be 5.2%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 (22% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$1.77 in 1Q 2025) First quarter 2026 results: EPS: NT$2.00 (up from NT$1.77 in 1Q 2025). Revenue: NT$7.35b (up 20% from 1Q 2025). Net income: NT$739.8m (up 35% from 1Q 2025). Profit margin: 10% (up from 8.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 32% per year. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$10.75 (vs NT$8.93 in FY 2024) Full year 2025 results: EPS: NT$10.75 (up from NT$8.93 in FY 2024). Revenue: NT$31.5b (up 21% from FY 2024). Net income: NT$3.34b (up 20% from FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Feb 10
Ruentex Engineering & Construction Co., Ltd., Annual General Meeting, May 11, 2026 Ruentex Engineering & Construction Co., Ltd., Annual General Meeting, May 11, 2026. Location: 3 floor no,260, sec.2 pa to rd., taipei city Taiwan Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$3.08 (vs NT$2.31 in 3Q 2024) Third quarter 2025 results: EPS: NT$3.08 (up from NT$2.31 in 3Q 2024). Revenue: NT$8.09b (up 18% from 3Q 2024). Net income: NT$957.4m (up 34% from 3Q 2024). Profit margin: 12% (up from 11% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$2.40 (vs NT$2.03 in 2Q 2024) Second quarter 2025 results: EPS: NT$2.40 (up from NT$2.03 in 2Q 2024). Revenue: NT$7.79b (up 16% from 2Q 2024). Net income: NT$745.8m (up 18% from 2Q 2024). Profit margin: 9.6% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 04
Upcoming dividend of NT$7.70 per share Eligible shareholders must have bought the stock before 11 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (4.3%). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$2.12 (vs NT$1.53 in 1Q 2024) First quarter 2025 results: EPS: NT$2.12 (up from NT$1.53 in 1Q 2024). Revenue: NT$6.19b (up 16% from 1Q 2024). Net income: NT$549.4m (up 39% from 1Q 2024). Profit margin: 8.9% (up from 7.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • May 14
Ruentex Engineering & Construction Co., Ltd. Approves Cash Dividend for the Year 2024 Ruentex Engineering & Construction Co., Ltd. in its 2025 regular shareholders meeting held on May 13, 2025, announced Cash dividends: TWD 7.7 per share. Anuncio • Apr 29
Ruentex Engineering & Construction Co., Ltd. to Report Q1, 2025 Results on May 14, 2025 Ruentex Engineering & Construction Co., Ltd. announced that they will report Q1, 2025 results on May 14, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$148, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 16x in the Construction industry in Taiwan. Total returns to shareholders of 94% over the past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$10.71 (vs NT$7.35 in FY 2023) Full year 2024 results: EPS: NT$10.71 (up from NT$7.35 in FY 2023). Revenue: NT$26.2b (up 18% from FY 2023). Net income: NT$2.77b (up 46% from FY 2023). Profit margin: 11% (up from 8.5% 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 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Feb 08
Ruentex Engineering & Construction Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 Ruentex Engineering & Construction Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 Anuncio • Jan 22
Ruentex Engineering & Construction Co., Ltd., Annual General Meeting, May 13, 2025 Ruentex Engineering & Construction Co., Ltd., Annual General Meeting, May 13, 2025. Location: 3 floor no,260, sec.2 pa to rd., taipei city Taiwan Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$2.77 (vs NT$2.34 in 3Q 2023) Third quarter 2024 results: EPS: NT$2.77 (up from NT$2.34 in 3Q 2023). Revenue: NT$6.88b (up 20% from 3Q 2023). Net income: NT$717.3m (up 18% from 3Q 2023). Profit margin: 10% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Oct 26
Ruentex Engineering & Construction Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024 Ruentex Engineering & Construction Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024 Buy Or Sell Opportunity • Oct 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to NT$138. The fair value is estimated to be NT$174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 6.8%. Buy Or Sell Opportunity • Oct 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.1% to NT$139. The fair value is estimated to be NT$174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 6.8%. Buy Or Sell Opportunity • Sep 24
Now 20% undervalued Over the last 90 days, the stock has risen 7.6% to NT$140. The fair value is estimated to be NT$174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 6.8%. Buy Or Sell Opportunity • Sep 09
Now 21% undervalued Over the last 90 days, the stock has risen 5.7% to NT$140. The fair value is estimated to be NT$177, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 6.8%. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$2.44 (vs NT$1.41 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.44 (up from NT$1.41 in 2Q 2023). Revenue: NT$6.78b (up 22% from 2Q 2023). Net income: NT$630.8m (up 73% from 2Q 2023). Profit margin: 9.3% (up from 6.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$228, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 19x in the Construction industry in Taiwan. Total returns to shareholders of 165% over the past three years. Anuncio • Jul 25
Ruentex Engineering & Construction Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Ruentex Engineering & Construction Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jul 01
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 11% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to NT$175, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 17x in the Construction industry in Taiwan. Total returns to shareholders of 143% over the past three years. Declared Dividend • Jun 15
Dividend reduced to NT$5.40 Dividend of NT$5.40 is 46% lower than last year. Ex-date: 1st July 2024 Payment date: 16th July 2024 Dividend yield will be 2.8%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$2.14 (vs NT$1.26 in 1Q 2023) First quarter 2024 results: EPS: NT$2.14 (up from NT$1.26 in 1Q 2023). Revenue: NT$5.36b (up 12% from 1Q 2023). Net income: NT$395.9m (up 70% from 1Q 2023). Profit margin: 7.4% (up from 4.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Apr 28
Ruentex Engineering & Construction Co., Ltd. to Report Q1, 2024 Results on May 13, 2024 Ruentex Engineering & Construction Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 13, 2024 Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$10.28 (vs NT$11.14 in FY 2022) Full year 2023 results: EPS: NT$10.28 (down from NT$11.14 in FY 2022). Revenue: NT$22.5b (down 8.0% from FY 2022). Net income: NT$1.90b (down 7.7% from FY 2022). Profit margin: 8.5% (up from 8.4% 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 13% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$147, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 15x in the Construction industry in Taiwan. Total returns to shareholders of 193% over the past three years. Anuncio • Feb 03
Ruentex Engineering & Construction Co., Ltd., Annual General Meeting, May 16, 2024 Ruentex Engineering & Construction Co., Ltd., Annual General Meeting, May 16, 2024. Location: 3F.,No.260, Sec.2, Bade Rd., Zhongshan Dist Taipei Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's review of the 2023 annual final accounting books and statements; to consider Report on 2023 employees' remuneration; and to consider Other Reported matters. Reported Earnings • Aug 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: NT$5.60b (down 9.3% from 2Q 2022). Net income: NT$363.9m (down 24% from 2Q 2022). Profit margin: 6.5% (down from 7.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 32% per year. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$101, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 11x in the Construction industry in Taiwan. Total returns to shareholders of 187% over the past three years. Upcoming Dividend • Jul 03
Upcoming dividend of NT$10.00 per share at 8.5% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 28 July 2023. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 8.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (5.6%). Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: NT$11.14 (vs NT$9.96 in FY 2021) Full year 2022 results: EPS: NT$11.14 (up from NT$9.96 in FY 2021). Revenue: NT$24.6b (up 16% from FY 2021). Net income: NT$2.06b (up 12% from FY 2021). Profit margin: 8.4% (down from 8.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Nov 22
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be NT$129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 43%. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Jian Yuan Lin was the last independent director to join the board, commencing their role in 2012. 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 12
Third quarter 2022 earnings released: EPS: NT$3.97 (vs NT$2.54 in 3Q 2021) Third quarter 2022 results: EPS: NT$3.97 (up from NT$2.54 in 3Q 2021). Revenue: NT$6.28b (up 25% from 3Q 2021). Net income: NT$733.9m (up 56% from 3Q 2021). Profit margin: 12% (up from 9.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$2.59 (vs NT$2.35 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.59 (up from NT$2.35 in 2Q 2021). Revenue: NT$6.20b (up 14% from 2Q 2021). Net income: NT$479.4m (up 10% from 2Q 2021). Profit margin: 7.7% (down from 8.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 05
Upcoming dividend of NT$9.00 per share Eligible shareholders must have bought the stock before 12 July 2022. Payment date: 28 July 2022. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 8.8%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (6.5%). Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$1.59 (vs NT$2.00 in 1Q 2021) First quarter 2022 results: EPS: NT$1.59 (down from NT$2.00 in 1Q 2021). Revenue: NT$5.13b (up 12% from 1Q 2021). Net income: NT$294.9m (down 20% from 1Q 2021). Profit margin: 5.8% (down from 8.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 40% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Jian Yuan Lin was the last independent director to join the board, commencing their role in 2012. 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 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$9.96 (up from NT$5.46 in FY 2020). Revenue: NT$21.3b (up 50% from FY 2020). Net income: NT$1.84b (up 82% from FY 2020). Profit margin: 8.6% (up from 7.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 46% per year. Anuncio • Feb 12
Ruentex Engineering & Construction Co., Ltd., Annual General Meeting, May 27, 2022 Ruentex Engineering & Construction Co., Ltd., Annual General Meeting, May 27, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$2.54 (vs NT$1.72 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.09b (up 40% from 3Q 2020). Net income: NT$469.4m (up 47% from 3Q 2020). Profit margin: 9.2% (up from 8.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 17% share price gain to NT$129, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 481% over the past three years. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$3.22 (vs NT$0.77 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$5.52b (up 91% from 2Q 2020). Net income: NT$435.3m (up 319% from 2Q 2020). Profit margin: 7.9% (up from 3.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$146, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 12x in the Construction industry in Taiwan. Total returns to shareholders of 369% over the past three years. Upcoming Dividend • Jul 13
Upcoming dividend of NT$6.50 per share Eligible shareholders must have bought the stock before 20 July 2021. Payment date: 30 July 2021. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (4.8%). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 16% share price gain to NT$173, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 459% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$2.74 (vs NT$0.63 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.63b (up 73% from 1Q 2020). Net income: NT$369.6m (up 337% from 1Q 2020). Profit margin: 8.0% (up from 3.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 42% share price gain to NT$125, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 15x in the Construction industry in Taiwan. Total returns to shareholders of 310% over the past three years. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$7.48 (vs NT$5.04 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$14.5b (up 27% from FY 2019). Net income: NT$1.01b (up 49% from FY 2019). Profit margin: 7.0% (up from 6.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 33% per year. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 16% share price gain to NT$80.00, the stock is trading at a trailing P/E ratio of 14.2x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 16x in the Construction industry in Taiwan. Total returns to shareholders over the past three years are 163%. Is New 90 Day High Low • Feb 17
New 90-day high: NT$70.30 The company is up 12% from its price of NT$62.60 on 19 November 2020. The Taiwanese market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 3.0% over the same period. Anuncio • Feb 06
Ruentex Engineering & Construction Co., Ltd., Annual General Meeting, May 28, 2021 Ruentex Engineering & Construction Co., Ltd., Annual General Meeting, May 28, 2021. Is New 90 Day High Low • Jan 04
New 90-day high: NT$66.00 The company is up 10.0% from its price of NT$60.00 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: NT$64.40 The company is up 7.0% from its price of NT$60.10 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 1.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$2.36 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$3.71b (up 26% from 3Q 2019). Net income: NT$318.6m (up 19% from 3Q 2019). Profit margin: 8.6% (down from 9.0% 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 22% per year whereas the company’s share price has increased by 17% per year. Anuncio • Nov 13
Ruentex Engineering & Construction Co. Ltd to Undertake the Turnkey Project of the New Construction of the Company Plant Phison Electronics Corp. announced that on November 12, 2020 Ruentex Engineering & Construction Co. Ltd. is selected to undertake the turnkey project of The New Construction of the Company Plant with the Affiliated Loading/Unloading Parking Garage case located in Zhunan Guangyuan Science and Technology Park. In addition, the Company plans to use the compound chemical method to build a two-story underground and nine-story three-dimensional parking garage building with a reinforced concrete (RC) structure. The total floor area is about 9,400 square meters and the total construction price is approximately TWD 829 million (tax excluded) (including the architectural design, civil engineering, decoration, elevators,
electricity, ventilation, water supply and drainage, weak electricity, fire protection, etc.). The Estimated Invested Capital and Its Source: The total cost of the new construction of the plant with the affiliated loading/unloading parking garage is approximately TWD 829,000,000 (tax excluded) and the company plans to support it by the equity fund. Payment Period: Place the order: 10% of the total contract price. After the start of construction is completed: 20% of the total contract price. The first project payment: 20% of the total project contract price (after grouting of the first floor of the structure is completed). The second project payment: 20% of the total project contract price (after the upper beam of the structure is completed). The third project payment: 15% of the total project contract price (after the fire protection project application is checked). The fourth project payment: 10% of the total project contract price (after obtaining the project license). Final payment: 5% of the total contract price of the project (guarantee
after acceptance). The Estimated Duration: The Estimated Duration: After signing the contract, the estimated duration starts from February 5, 2021 to March 31, 2022; after obtaining the Usage License before March 31, 2022, the three-dimensional parking garage will be officially opened. Is New 90 Day High Low • Nov 11
New 90-day high: NT$61.40 The company is up 3.0% from its price of NT$59.60 on 13 August 2020. The Taiwanese market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Construction industry, which is up 7.0% over the same period.