Buy Or Sell Opportunity • Jun 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to NT$33.20. The fair value is estimated to be NT$41.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%. Buy Or Sell Opportunity • May 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to NT$33.35. The fair value is estimated to be NT$41.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: NT$0.57 (vs NT$1.11 in 1Q 2025) First quarter 2026 results: EPS: NT$0.57 (down from NT$1.11 in 1Q 2025). Revenue: NT$193.7m (down 19% from 1Q 2025). Net income: NT$20.9m (down 49% from 1Q 2025). Profit margin: 11% (down from 17% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Mar 13
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: 11% Last year net profit margin: 24% 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: Minor Risks Dividend is not well covered by cash flows (110% cash payout ratio). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (NT$1.36b market cap, or US$42.4m). Annonce • Mar 11
Sentien Printing Factory Co., Ltd., Annual General Meeting, Jun 23, 2026 Sentien Printing Factory Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,31, kung yeh 2nd rd., an nan district, tainan city Taiwan Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$1.63 (vs NT$0.91 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.63 (up from NT$0.91 in 3Q 2024). Revenue: NT$288.7m (down 11% from 3Q 2024). Net income: NT$59.7m (up 80% from 3Q 2024). Profit margin: 21% (up from 10% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Oct 08
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 132% Dividend yield: 7.4% 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. Payout ratio: 92% Cash payout ratio: 132% Minor Risks Profit margins are more than 30% lower than last year (9.9% net profit margin). Market cap is less than US$100m (NT$1.48b market cap, or US$48.3m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$1.20 loss per share (vs NT$2.23 profit in 2Q 2024) Second quarter 2025 results: NT$1.20 loss per share (down from NT$2.23 profit in 2Q 2024). Revenue: NT$329.5m (up 7.3% from 2Q 2024). Net loss: NT$44.0m (down 154% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 14
Dividend increased to NT$3.00 Dividend of NT$3.00 is 20% higher than last year. Ex-date: 28th August 2025 Payment date: 26th September 2025 Dividend yield will be 6.9%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not adequately covered by cash flows (95% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% 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 2025 earnings released: EPS: NT$1.11 (vs NT$1.97 in 1Q 2024) First quarter 2025 results: EPS: NT$1.11 (down from NT$1.97 in 1Q 2024). Revenue: NT$238.1m (up 3.7% from 1Q 2024). Net income: NT$40.7m (down 44% from 1Q 2024). Profit margin: 17% (down from 31% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annonce • May 06
Sentien Printing Factory Co., Ltd. to Report Q1, 2025 Results on May 13, 2025 Sentien Printing Factory Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Buy Or Sell Opportunity • Apr 09
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to NT$69.00. The fair value is estimated to be NT$56.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 66%. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$59.00, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total returns to shareholders of 96% over the past three years. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: NT$7.54 (vs NT$5.33 in FY 2023) Full year 2024 results: EPS: NT$7.54 (up from NT$5.33 in FY 2023). Revenue: NT$1.17b (flat on FY 2023). Net income: NT$276.0m (up 41% from FY 2023). Profit margin: 24% (up from 17% in FY 2023). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Annonce • Mar 13
Sentien Printing Factory Co., Ltd., Annual General Meeting, Jun 24, 2025 Sentien Printing Factory Co., Ltd., Annual General Meeting, Jun 24, 2025. Location: 2 floor no,31, kung yeh 2nd rd., an nan district, tainan city Taiwan Annonce • Mar 05
Sentien Printing Factory Co., Ltd. to Report Q4, 2024 Results on Mar 12, 2025 Sentien Printing Factory Co., Ltd. announced that they will report Q4, 2024 results on Mar 12, 2025 Buy Or Sell Opportunity • Feb 27
Now 21% overvalued Over the last 90 days, the stock has fallen 2.6% to NT$76.20. The fair value is estimated to be NT$62.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 59%. Buy Or Sell Opportunity • Dec 06
Now 20% overvalued Over the last 90 days, the stock has fallen 1.8% to NT$80.70. The fair value is estimated to be NT$67.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 59%. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.91 (vs NT$2.58 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.91 (down from NT$2.58 in 3Q 2023). Revenue: NT$325.1m (up 1.0% from 3Q 2023). Net income: NT$33.2m (down 65% from 3Q 2023). Profit margin: 10% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 35% per year, which means it is significantly lagging earnings growth. Annonce • Nov 05
Sentien Printing Factory Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Sentien Printing Factory Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Upcoming Dividend • Aug 25
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$2.23 (vs NT$2.09 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.23 (up from NT$2.09 in 2Q 2023). Revenue: NT$307.1m (down 2.9% from 2Q 2023). Net income: NT$81.5m (up 6.5% from 2Q 2023). Profit margin: 27% (up from 24% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$92.40, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total returns to shareholders of 205% over the past three years. Declared Dividend • Aug 10
Dividend increased to NT$2.50 Dividend of NT$2.50 is 310% higher than last year. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Aug 10
Sentien Printing Factory Co., Ltd. Announces Cash Dividend, Payable on September 27, 2024 Sentien Printing Factory Co., Ltd. announced cash dividend of TWD 2.5 per share. Ex-rights (ex-dividend) trading date: August 29, 2024. Ex-rights (ex-dividend) record date: September 4, 2024. Payment date of common stock cash dividend distribution is September 27, 2024. Annonce • Aug 01
Sentien Printing Factory Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Sentien Printing Factory Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$1.97 (vs NT$0.89 in 1Q 2023) First quarter 2024 results: EPS: NT$1.97 (up from NT$0.89 in 1Q 2023). Revenue: NT$229.5m (down 11% from 1Q 2023). Net income: NT$72.0m (up 121% from 1Q 2023). Profit margin: 31% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year. Annonce • May 10
Sentien Printing Factory Co., Ltd. Proposes Cash Dividend for the Year 2023 Sentien Printing Factory Co., Ltd. proposed cash dividends to shareholders TWD 2.50 for the year 2023. Total amount of cash dividends to shareholders is TWD 91,473,000. Annonce • May 02
Sentien Printing Factory Co., Ltd. to Report Q1, 2024 Results on May 09, 2024 Sentien Printing Factory Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: NT$5.33 (vs NT$0.61 in FY 2022) Full year 2023 results: EPS: NT$5.33 (up from NT$0.61 in FY 2022). Revenue: NT$1.18b (up 13% from FY 2022). Net income: NT$195.2m (up NT$172.8m from FY 2022). Profit margin: 17% (up from 2.1% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$66.70, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 22x in the Chemicals industry in Taiwan. Total returns to shareholders of 59% over the past three years. Annonce • Mar 12
Sentien Printing Factory Co., Ltd., Annual General Meeting, Jun 27, 2024 Sentien Printing Factory Co., Ltd., Annual General Meeting, Jun 27, 2024. Location: Southern Taiwan Innovation & Research Park, MOEA,conference room No.31, Gongye 2nd Rd., Annan Distt Tainan Taiwan Agenda: To report the business of 2023; to consider 2023 Audit Committee's Review Report; to consider 2023 Employees' Cash Bonus and Directors' Compensation; to consider 2023 Directors and managers performance evaluation results and relevance and rationality report on their salary remuneration; to report 2023 remuneration paid to individual directors; to consider Distribution of 2023 Earnings of cash dividend Report; to consider Ratification of the 2023 Business Report and Financial Statements; to consider Proposal on the 2023 annual profit distribution plan. New Risk • Feb 09
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 7.1% 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 Risks Share price has been highly volatile over the past 3 months (7.1% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.59b market cap, or US$82.4m). Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$64.00, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total returns to shareholders of 61% over the past three years. Upcoming Dividend • Aug 17
Upcoming dividend of NT$0.61 per share at 1.2% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (3.8%). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: NT$2.09 (vs NT$1.73 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.09 (up from NT$1.73 in 2Q 2022). Revenue: NT$316.1m (up 6.3% from 2Q 2022). Net income: NT$76.5m (up 21% from 2Q 2022). Profit margin: 24% (up from 21% in 2Q 2022). The increase in margin 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 67 percentage points per year, which is a significant difference in performance. Annonce • Aug 09
Sentien Printing Factory Co., Ltd. Announces Cash Dividend, Payable on September 22, 2023 Sentien Printing Factory Co., Ltd. announced cash dividend of TWD 22,319,412 from the retained earnings at TWD 0.61 per share. Ex-rights (Ex-dividend) date: August 24, 2023. Ex-rights (Ex-dividend) record date: August 30, 2023. Payment date of cash dividend distribution: September 22, 2023. Board Change • Jul 11
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Yu-Cheng Chen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 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 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$1.61b market cap, or US$51.3m). Annonce • Jun 29
Sentien Printing Factory Co., Ltd. Announces Changes to Compensation Committee Sentien Printing Factory Co., Ltd. announced changes to Compensation Committee. Name of the previous position holder: FANG,HUEI-LING; LI,LING-LING; CHEN,JIA-BIN. Resume of the previous position holder: FANG,HUEI-LING,Independent Director of Sentien Printing Factory Co., Ltd.; LI,LING-LING,Independent Director of Sentien Printing Factory Co., Ltd.; CHEN,JIA-BIN,Independent Director of Sentien Printing Factory Co., Ltd. Name of the new position holder: Not appointment yet. Circumstances of change: term expired. Reason for the change: In conjunction with the comprehensive election of directors at the 2023 Annual Meeting of Shareholders, the tenure of the Compensation Committee members is the same as that of the Board of Directors, and therefore they will be relieved of their duties upon completion of their terms. The newly appointed Remuneration Committee will be announced separately shortly after the board appointment. Annonce • Jun 28
Sentien Printing Factory Co., Ltd. Announces Board Changes Sentien Printing Factory Co., Ltd. at its AGM held on June 27, 2023 announced board changes Title and name of the previous position holder: Natural-person director: CHEN,HUEI-SYONG. Resume of the previous position holder: CHEN,HUEI-SYONG:Former independent director of Tongtai Machine & Tool Co., Ltd. and Ming Yang International Group Co., Ltd. Title and name of the new position holder: Independent director: CHEN,YU-CHENG. Resume of the new position holder: CHEN,YU-CHENG:Professor, Department of Finance, National Chung Hsing University. Reason for the change: term expired. Effective date of the new appointment is June 27, 2023. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$35.65, the stock trades at a trailing P/E ratio of 58.3x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total returns to shareholders of 7.5% over the past three years. Annonce • May 11
Sentien Printing Factory Co., Ltd. Proposes Cash Dividend for the Year 2022 Sentien Printing Factory Co., Ltd. proposed cash dividends to shareholders TWD 0.61 for the year 2022. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: NT$0.61 (vs NT$1.14 in FY 2021) Full year 2022 results: EPS: NT$0.61 (down from NT$1.14 in FY 2021). Revenue: NT$1.05b (down 7.3% from FY 2021). Net income: NT$22.4m (down 47% from FY 2021). Profit margin: 2.1% (down from 3.7% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings released: NT$1.98 loss per share (vs NT$0.42 loss in 3Q 2021) Third quarter 2022 results: NT$1.98 loss per share (further deteriorated from NT$0.42 loss in 3Q 2021). Revenue: NT$225.0m (down 3.2% from 3Q 2021). Net loss: NT$72.4m (loss widened 371% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 17
Upcoming dividend of NT$0.60 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 21% and the cash payout ratio is 92%. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (7.7%). Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$1.73 (vs NT$0.16 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.73 (up from NT$0.16 in 2Q 2021). Revenue: NT$297.4m (up 3.0% from 2Q 2021). Net income: NT$63.4m (up NT$57.7m from 2Q 2021). Profit margin: 21% (up from 2.0% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annonce • Aug 10
Sentien Printing Factory Co., Ltd. Announces Cash Dividend, Payable on September 23, 2022 Sentien Printing Factory Co., Ltd. announced cash dividend of TWD 21,953,520 from the retained earnings at TWD 0.6 per share. Ex-rights (Ex-dividend) date is August 24, 2022. Ex-rights (Ex-dividend) record date is August 30, 2022. Payment date of cash dividend distribution is September 23, 2022. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$1.32 (vs NT$1.23 in 1Q 2021) First quarter 2022 results: EPS: NT$1.32 (up from NT$1.23 in 1Q 2021). Revenue: NT$297.1m (down 5.0% from 1Q 2021). Net income: NT$48.4m (up 7.3% from 1Q 2021). Profit margin: 16% (up from 14% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Mar 23
Sentien Printing Factory Co., Ltd., Annual General Meeting, Jun 28, 2022 Sentien Printing Factory Co., Ltd., Annual General Meeting, Jun 28, 2022. Location: Southern Taiwan Innovation & Research Park MOEA,conference room, No.31, Gongye 2nd Rd. Tainan City Taiwan Agenda: To report the business of 2021; to consider 2021 Audit Committee's Review Report; to consider 2021 Employees' Cash Bonus and Directors' Compensation; to consider 2021 Directors and managers performance evaluation results and relevance and rationality report on their salary remuneration; to consider ratification of the 2021 Business Report and Financial Statements; to consider proposal for modification of the Articles of Incorporation; to consider proposal for modification of the Rules of Procedures for Shareholder Meeting; and to transact other business. Reported Earnings • Nov 13
Third quarter 2021 earnings released: NT$0.42 loss per share (vs NT$1.43 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$232.4m (down 37% from 3Q 2020). Net loss: NT$15.4m (down 129% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Aug 18
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 24 September 2021. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.16 (vs NT$1.04 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$288.6m (down 9.6% from 2Q 2020). Net income: NT$5.72m (down 85% from 2Q 2020). Profit margin: 2.0% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$1.23 (vs NT$0.89 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$312.7m (up 42% from 1Q 2020). Net income: NT$45.1m (up 38% from 1Q 2020). Profit margin: 14% (in line with 1Q 2020). 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 12% per year. Annonce • May 07
Sentien Printing Factory Co., Ltd. Proposes Dividend for the Year Ended December 31, 2020 Sentien Printing Factory Co., Ltd. proposed cash dividend to shareholders of TWD 2.50 per share for the Year ended December 31, 2020. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$4.55 (vs NT$2.36 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.25b (up 23% from FY 2019). Net income: NT$166.5m (up 93% from FY 2019). Profit margin: 13% (up from 8.5% 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 11% per year whereas the company’s share price has increased by 12% per year. Is New 90 Day High Low • Mar 04
New 90-day high: NT$47.10 The company is up 3.0% from its price of NT$45.95 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 10.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.43 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$368.4m (up 19% from 3Q 2019). Net income: NT$52.2m (up 7.3% from 3Q 2019). Profit margin: 14% (down from 16% 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 5% per year whereas the company’s share price has increased by 6% per year. Is New 90 Day High Low • Nov 03
New 90-day low: NT$41.70 The company is down 11% from its price of NT$47.10 on 05 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 4.0% over the same period. 
