Declared Dividend • Jun 04
Dividend of NT$1.00 announced Shareholders will receive a dividend of NT$1.00. Ex-date: 1st July 2026 Payment date: 27th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.18 (vs NT$0.72 loss in 1Q 2025) First quarter 2026 results: EPS: NT$0.18 (up from NT$0.72 loss in 1Q 2025). Revenue: NT$405.1m (up 40% from 1Q 2025). Net income: NT$8.82m (up NT$43.7m from 1Q 2025). Profit margin: 2.2% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings. New Risk • Apr 14
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 8.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 17
Full year 2025 earnings released: NT$1.61 loss per share (vs NT$0.69 profit in FY 2024) Full year 2025 results: NT$1.61 loss per share (down from NT$0.69 profit in FY 2024). Revenue: NT$1.41b (down 17% from FY 2024). Net loss: NT$78.4m (down 359% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.13b (US$98.1m) This is considered a minor risk. Companies with a small market capitalization 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (NT$3.13b market cap, or US$98.1m). New Risk • Feb 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.12b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (NT$3.12b market cap, or US$98.3m). Annonce • Jan 29
Easy Field Corporation, Annual General Meeting, May 18, 2026 Easy Field Corporation, Annual General Meeting, May 18, 2026. Location: no,3-2, tzu ch`iang 4th rd., jhongli district, taoyuan city Taiwan New Risk • Nov 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.09b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (NT$3.09b market cap, or US$99.0m). Reported Earnings • Nov 17
Third quarter 2025 earnings released: NT$0.58 loss per share (vs NT$0.42 loss in 3Q 2024) Third quarter 2025 results: NT$0.58 loss per share (further deteriorated from NT$0.42 loss in 3Q 2024). Revenue: NT$288.9m (down 20% from 3Q 2024). Net loss: NT$28.0m (loss widened 53% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$1.29 loss per share (vs NT$0.025 profit in 2Q 2024) Second quarter 2025 results: NT$1.29 loss per share (down from NT$0.025 profit in 2Q 2024). Revenue: NT$349.2m (down 27% from 2Q 2024). Net loss: NT$62.5m (down NT$63.6m from profit in 2Q 2024). 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 38% per year, which means it is well ahead of earnings. New Risk • Jun 24
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 137% Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 137% Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (NT$2.11b market cap, or US$71.3m). Upcoming Dividend • Jun 18
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 25 June 2025. Payment date: 21 July 2025. The company is not currently making a profit and its cash payout ratio is 77%. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.9%). Declared Dividend • May 31
Dividend increased to NT$1.00 Dividend of NT$1.00 is 100% higher than last year. Ex-date: 25th June 2025 Payment date: 21st July 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (77% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • May 19
First quarter 2025 earnings released: NT$0.72 loss per share (vs NT$0.70 profit in 1Q 2024) First quarter 2025 results: NT$0.72 loss per share (down from NT$0.70 profit in 1Q 2024). Revenue: NT$290.4m (down 27% from 1Q 2024). Net loss: NT$34.9m (down 214% from profit in 1Q 2024). 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 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to NT$45.75, the stock trades at a trailing P/E ratio of 73.4x. Average trailing P/E is 16x in the Machinery industry in Taiwan. Total returns to shareholders of 106% over the past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$0.69 (vs NT$1.59 loss in FY 2023) Full year 2024 results: EPS: NT$0.69 (up from NT$1.59 loss in FY 2023). Revenue: NT$1.70b (up 55% from FY 2023). Net income: NT$30.3m (up NT$99.5m from FY 2023). Profit margin: 1.8% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Annonce • Jan 21
Easy Field Corporation, Annual General Meeting, May 16, 2025 Easy Field Corporation, Annual General Meeting, May 16, 2025. Location: no,3-2, tzu ch`iang 4th rd., jhongli district, taoyuan city Taiwan New Risk • Jan 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.27b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization 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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.27b market cap, or US$99.4m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.42 loss per share (vs NT$0.22 loss in 3Q 2023) Third quarter 2024 results: NT$0.42 loss per share (further deteriorated from NT$0.22 loss in 3Q 2023). Revenue: NT$361.9m (up 51% from 3Q 2023). Net loss: NT$18.3m (loss widened 93% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.59 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.02 (up from NT$0.59 loss in 2Q 2023). Revenue: NT$478.1m (up 58% from 2Q 2023). Net income: NT$1.09m (up NT$26.8m from 2Q 2023). Profit margin: 0.2% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. New Risk • Jul 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 221% Dividend yield: 1.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Risks Interest payments are not well covered by earnings (0.7x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 221% Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.59b market cap, or US$78.8m). Upcoming Dividend • Jun 07
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 10 July 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.5%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.70 (vs NT$1.11 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.70 (up from NT$1.11 loss in 1Q 2023). Revenue: NT$396.5m (up 135% from 1Q 2023). Net income: NT$30.5m (up NT$78.8m from 1Q 2023). Profit margin: 7.7% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 18
Full year 2023 earnings released: NT$1.59 loss per share (vs NT$1.12 profit in FY 2022) Full year 2023 results: NT$1.59 loss per share (down from NT$1.12 profit in FY 2022). Revenue: NT$1.09b (down 32% from FY 2022). Net loss: NT$69.2m (down 241% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annonce • Feb 17
Easy Field Corporation, Annual General Meeting, May 16, 2024 Easy Field Corporation, Annual General Meeting, May 16, 2024. New Risk • Jan 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.9% 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 Risks Debt is not well covered by operating cash flow (7.8% operating cash flow to total debt). Earnings have declined by 26% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (NT$1.31b market cap, or US$42.0m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: NT$0.59 loss per share (vs NT$0.49 loss in 2Q 2022) Second quarter 2023 results: NT$0.59 loss per share (further deteriorated from NT$0.49 loss in 2Q 2022). Revenue: NT$301.8m (down 28% from 2Q 2022). Net loss: NT$25.7m (loss widened 20% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 14
Upcoming dividend of NT$1.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 19 July 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.1%). Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: NT$1.12 (vs NT$2.52 loss in FY 2021) Full year 2022 results: EPS: NT$1.12 (up from NT$2.52 loss in FY 2021). Revenue: NT$1.60b (down 11% from FY 2021). Net income: NT$49.0m (up NT$158.9m from FY 2021). Profit margin: 3.1% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: NT$0.05 (vs NT$0.59 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.05 (up from NT$0.59 loss in 3Q 2021). Revenue: NT$390.9m (down 8.4% from 3Q 2021). Net income: NT$2.27m (up NT$28.1m from 3Q 2021). Profit margin: 0.6% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buying Opportunity • Nov 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.0%. The fair value is estimated to be NT$24.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company became loss making. 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. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Director Xiao Yu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Nov 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 9.8%. The fair value is estimated to be NT$25.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 17
Second quarter 2022 earnings released: NT$0.49 loss per share (vs NT$0.16 loss in 2Q 2021) Second quarter 2022 results: NT$0.49 loss per share (down from NT$0.16 loss in 2Q 2021). Revenue: NT$418.0m (down 8.3% from 2Q 2021). Net loss: NT$21.4m (loss widened 210% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year. Upcoming Dividend • Jul 08
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 15 July 2022. Payment date: 10 August 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (3.4%). Reported Earnings • May 18
First quarter 2022 earnings released: EPS: NT$0.63 (vs NT$1.83 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.63 (up from NT$1.83 loss in 1Q 2021). Revenue: NT$406.4m (down 2.2% from 1Q 2021). Net income: NT$27.3m (up NT$107.3m from 1Q 2021). Profit margin: 6.7% (up from net loss in 1Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. 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. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Director Xiao Yu was the last independent director to join the board, commencing their role in 2018. 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 • Apr 01
Full year 2021 earnings released: NT$2.52 loss per share (vs NT$1.00 loss in FY 2020) Full year 2021 results: NT$2.52 loss per share (down from NT$1.00 loss in FY 2020). Revenue: NT$1.80b (up 33% from FY 2020). Net loss: NT$109.9m (loss widened 161% from FY 2020). 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. Annonce • Mar 06
Easy Field Corporation, Annual General Meeting, May 18, 2022 Easy Field Corporation, Annual General Meeting, May 18, 2022. Reported Earnings • Nov 19
Third quarter 2021 earnings released: NT$0.59 loss per share (vs NT$0.56 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses, although control over costs was stable and revenues improved. Third quarter 2021 results: Revenue: NT$426.9m (up 12% from 3Q 2020). Net loss: NT$25.8m (loss widened 12% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.16 loss per share (vs NT$0.37 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$455.6m (up 41% from 2Q 2020). Net loss: NT$6.92m (down 145% 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 74 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 04
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 11 June 2021. Payment date: 08 July 2021. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.6%). Reported Earnings • May 18
First quarter 2021 earnings released: NT$1.83 loss per share (vs NT$0.26 loss in 1Q 2020) The company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: NT$415.5m (up 55% from 1Q 2020). Net loss: NT$80.0m (loss widened NT$68.7m from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 17
Full year 2020 earnings released: NT$1.00 loss per share (vs NT$3.33 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: NT$1.35b (down 5.6% from FY 2019). Net loss: NT$42.2m (loss narrowed 70% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 85% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 06
New 90-day high: NT$35.00 The company is up 14% from its price of NT$30.75 on 04 December 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: NT$26.80 The company is down 37% from its price of NT$42.70 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 22% over the same period. Annonce • Jan 22
Easy Field Corporation, Annual General Meeting, Apr 16, 2021 Easy Field Corporation, Annual General Meeting, Apr 16, 2021. Is New 90 Day High Low • Dec 02
New 90-day low: NT$32.50 The company is down 14% from its price of NT$37.70 on 03 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: NT$0.56 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: NT$381.6m (up 57% from 3Q 2019). Net loss: NT$23.0m (loss narrowed 61% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Sep 24
New 90-day high: NT$51.90 The company is up 114% from its price of NT$24.20 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. 
