Reported Earnings • May 12
First quarter 2026 earnings released: EPS: NT$0.29 (vs NT$0.37 in 1Q 2025) First quarter 2026 results: EPS: NT$0.29 (down from NT$0.37 in 1Q 2025). Revenue: NT$628.9m (up 17% from 1Q 2025). Net income: NT$86.7m (down 23% from 1Q 2025). Profit margin: 14% (down from 21% in 1Q 2025). 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 but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to NT$23.15. The fair value is estimated to be NT$29.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.3%. Buy Or Sell Opportunity • Mar 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to NT$25.05. The fair value is estimated to be NT$31.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.3%. Upcoming Dividend • Mar 25
Upcoming dividend of NT$0.17 per share Eligible shareholders must have bought the stock before 01 April 2026. Payment date: 30 April 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.1%). Buy Or Sell Opportunity • Mar 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to NT$24.65. The fair value is estimated to be NT$31.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.4%. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$1.05 (vs NT$0.67 in FY 2024) Full year 2025 results: EPS: NT$1.05 (up from NT$0.67 in FY 2024). Revenue: NT$2.63b (up 18% from FY 2024). Net income: NT$314.0m (up 56% from FY 2024). Profit margin: 12% (up from 9.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 11
Sunfun Info Co., Ltd., Annual General Meeting, Jun 05, 2026 Sunfun Info Co., Ltd., Annual General Meeting, Jun 05, 2026. Location: 4 floor building. a no,187, chin hua st., da-an district, taipei city Taiwan Declared Dividend • Dec 13
Third quarter dividend of NT$0.17 announced Shareholders will receive a dividend of NT$0.17. Ex-date: 30th December 2025 Payment date: 23rd January 2026 Dividend yield will be 2.4%, which is higher than the industry average of 0.6%. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$0.19 (vs NT$0.20 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.19 (down from NT$0.20 in 3Q 2024). Revenue: NT$622.6m (up 20% from 3Q 2024). Net income: NT$56.8m (down 3.4% from 3Q 2024). Profit margin: 9.1% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Upcoming Dividend • Sep 05
Upcoming dividend of NT$0.17 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 15 October 2025. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (0.8%). Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$0.16 (vs NT$0.22 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.16 (down from NT$0.22 in 2Q 2024). Revenue: NT$647.9m (up 30% from 2Q 2024). Net income: NT$47.8m (down 29% from 2Q 2024). Profit margin: 7.4% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$46.40, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 24x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 290% over the past three years. New Risk • Jul 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 6.5% 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 (22% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$34.80, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 23x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 245% over the past three years. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.37 (vs NT$0.024 in 1Q 2024) First quarter 2025 results: EPS: NT$0.37 (up from NT$0.024 in 1Q 2024). Revenue: NT$537.6m (up 19% from 1Q 2024). Net income: NT$112.2m (up NT$104.9m from 1Q 2024). Profit margin: 21% (up from 1.6% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Annonce • May 07
Sunfun Info Co., Ltd. to Report Q1, 2025 Results on May 14, 2025 Sunfun Info Co., Ltd. announced that they will report Q1, 2025 results on May 14, 2025 Upcoming Dividend • Apr 17
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 24 April 2025. Payment date: 14 July 2025. Payout ratio and cash payout ratio are on the higher end at 90% and 100% respectively. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (1.0%). Annonce • Apr 11
Sunfun Info Co., Ltd. Approves Fourth Quarter of 2024 Earnings Distribution, Payable on July 14, 2025 Sunfun Info Co., Ltd. announced that at the board of directors meeting held on April 09, 2025 approved the fourth quarter of 2024 earnings distribution in the form of cash dividend is TWD 61,088,218 and the cash dividend is TWD 0.20362739 per share. Ex-dividend is on April 24, 2025. Book closure starting date: March 12, 2025. Book closure ending date: March 16, 2025. Ex-rights (Ex-dividend) record date: May 02, 2025. Payment date of cash dividend distribution: July 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$26.00, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 19x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 120% over the past three years. New Risk • Mar 19
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: 9.0% Last year net profit margin: 14% 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 (114% cash payout ratio). Profit margins are more than 30% lower than last year (9.0% net profit margin). Reported Earnings • Mar 19
Full year 2024 earnings released Full year 2024 results: Revenue: NT$2.23b (up 8.0% from FY 2023). Net income: NT$201.0m (down 33% from FY 2023). Profit margin: 9.0% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Annonce • Mar 10
Sunfun Info Co., Ltd., Annual General Meeting, Jun 26, 2025 Sunfun Info Co., Ltd., Annual General Meeting, Jun 26, 2025. Location: 4 floor building. a no,187, chin hua st., da-an district, taipei city Taiwan Upcoming Dividend • Mar 03
Upcoming dividend of NT$0.18 per share Eligible shareholders must have bought the stock before 10 March 2025. Payment date: 11 April 2025. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (0.7%). Annonce • Feb 28
Sunfun Info Co., Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2025 Sunfun Info Co., Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2025 Declared Dividend • Feb 13
Third quarter dividend of NT$0.18 announced Shareholders will receive a dividend of NT$0.18. Ex-date: 10th March 2025 Payment date: 11th April 2025 Dividend yield will be 4.4%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (157% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 19% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.2% EPS decline seen over the last 5 years. Upcoming Dividend • Dec 23
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 30 December 2024. Payment date: 17 January 2025. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 44% After last week's 44% share price gain to NT$45.90, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 21x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 362% over the past three years. New Risk • Dec 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 6.3% 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: Minor Risks Dividend is not well covered by cash flows (157% cash payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). New Risk • Nov 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$958.5m (US$29.5m) 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: Minor Risks Dividend is not well covered by cash flows (157% cash payout ratio). Market cap is less than US$100m (NT$958.5m market cap, or US$29.5m). Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: NT$1.96 (vs NT$2.48 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.96 (down from NT$2.48 in 3Q 2023). Revenue: NT$517.5m (up 4.3% from 3Q 2023). Net income: NT$58.8m (down 21% from 3Q 2023). Profit margin: 11% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Board Change • Nov 05
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Chia-Shen Yang was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 9x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 11x cash flows per share). Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$302, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 21x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 280% over the past three years. Annonce • Aug 30
Sunfun Info Co., Ltd. Announces Changes in the Compensation Committee Sunfun Info Co., Ltd. announced the Change in the Compensation committee Members of the Company. Name of the previous position holder: Wang, Da-Wei/Senior manager of finance department, Wistron Corporation. Name of the new position holder: Shu-Yang Chen/Chief Financial Officer,Offerme2 Media Limited. Reason for the change: Appointment to fill the vacancy on the Compensation Committee. The original director resigned due to personal reasons on August 14, 2024. In accordance with regulations, the company held a board meeting on August 29, 2024, to appoint a replacement. Effective date of the new member from August 29, 2024 to December 28, 2025. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$256, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 20x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 237% over the past three years. Upcoming Dividend • Aug 22
Upcoming dividend of NT$0.29 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 09 October 2024. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (0.9%). Annonce • Aug 15
Sunfun Info Co., Ltd. Announces Resignation of Wang Da Wei as Compensation Committee Member On August 14, 2024, Sunfun Info Co., Ltd. announced resignation of Wang Da Wei as compensation committee member. Resume of the previous position holder: Wang, Da-Wei/Senior manager of finance department, Wistron Corporation. Original term is from August 12, 2024 to December 28, 2025. A board meeting will be convened within three months to appoint a new member to the Compensation committee. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$3.01 (vs NT$1.99 in 2Q 2023) Second quarter 2024 results: EPS: NT$3.01 (up from NT$1.99 in 2Q 2023). Revenue: NT$500.1m (up 5.1% from 2Q 2023). Net income: NT$67.1m (up 13% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 10
Sunfun Info Co., Ltd. Announces Changes in the Compensation Committee Members Sunfun Info Co., Ltd. announced Change in the Compensation committee Members of the Company. Name of the previous position holder: Lin, Kuan-Yu and Chen, Yen-Ting. Resume of the previous position holder: Lin, Kuan-Yu: CFO, Arizon RFID Technology (Cayman) Co., Ltd. and Chen, Yen-Ting: Strategic Vice President, Appier Inc. Name of the new position holder: Wang, Da-Wei and Yang, Chia-Shen. Resume of the new position holder: Wang, Da-Wei/Senior manager of finance department, Wistron Corporation. and Yang, Chia-Shen/JS ADWAYS MEDIA INC. CEO. Effective date of the new member; August 12, 2024 to August 12, 2025. Buy Or Sell Opportunity • Aug 06
Now 23% overvalued Over the last 90 days, the stock has fallen 1.4% to NT$240. The fair value is estimated to be NT$194, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 7.2%. Upcoming Dividend • Aug 02
Upcoming dividend of NT$1.02 per share Eligible shareholders must have bought the stock before 09 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (0.9%). Annonce • Aug 02
Sunfun Info Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Sunfun Info Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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: Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$0.33 (vs NT$3.18 in 1Q 2023) First quarter 2024 results: EPS: NT$0.33 (down from NT$3.18 in 1Q 2023). Revenue: NT$451.7m (up 1.2% from 1Q 2023). Net income: NT$7.26m (down 90% from 1Q 2023). Profit margin: 1.6% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. 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 32% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 03
Sunfun Info Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Sunfun Info Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 New Risk • Mar 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 64% 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 (64% accrual ratio). Minor Risk Dividend is not well covered by cash flows (105% cash payout ratio). Buy Or Sell Opportunity • Mar 19
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to NT$274. The fair value is estimated to be NT$211, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 13%. New Risk • Mar 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 35% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (117% cash payout ratio). Shareholders have been diluted in the past year (35% increase in shares outstanding). Upcoming Dividend • Mar 04
Upcoming dividend of NT$3.01 per share Eligible shareholders must have bought the stock before 11 March 2024. Payment date: 12 April 2024. Payout ratio and cash payout ratio are on the higher end at 90% and 87% respectively. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (0.8%). Annonce • Feb 29
Sunfun Info Co., Ltd. Announces CFO Changes Sunfun Info Co., Ltd. announced the appointment of HUNG TZU CHUN, Financial Director of the Company as financial officer in place of CHANG LI, Chief Financial Officer of the Company. Type of change: position adjustment. Reason for the change: It is for organizational restructuring. Effective date: February 27, 2024. Declared Dividend • Feb 19
Third quarter dividend of NT$3.01 announced Shareholders will receive a dividend of NT$3.01. Ex-date: 11th March 2024 Payment date: 12th April 2024 Dividend yield will be 4.8%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by both earnings (90.0% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend. Upcoming Dividend • Nov 21
Upcoming dividend of NT$2.41 per share at 4.9% yield Eligible shareholders must have bought the stock before 28 November 2023. Payment date: 12 January 2024. Payout ratio and cash payout ratio are on the higher end at 90% and 87% respectively. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (0.7%). Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: NT$3.35 (vs NT$2.40 in 3Q 2022) Third quarter 2023 results: EPS: NT$3.35 (up from NT$2.40 in 3Q 2022). Revenue: NT$495.9m (up 16% from 3Q 2022). Net income: NT$74.5m (up 40% from 3Q 2022). Profit margin: 15% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. 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. Upcoming Dividend • Sep 07
Upcoming dividend of NT$2.85 per share at 5.5% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 13 October 2023. Payout ratio and cash payout ratio are on the higher end at 90% and 97% respectively. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$2.68 (vs NT$3.33 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.68 (down from NT$3.33 in 2Q 2022). Revenue: NT$475.9m (up 4.0% from 2Q 2022). Net income: NT$59.5m (down 19% from 2Q 2022). Profit margin: 13% (down from 16% in 2Q 2022). The decrease in margin was driven by higher 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 29% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 13
Upcoming dividend of NT$2.79 per share at 5.5% yield Eligible shareholders must have bought the stock before 20 April 2023. Payment date: 14 July 2023. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 5.5%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (0.7%). Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: NT$11.09 (vs NT$11.31 in FY 2021) Full year 2022 results: EPS: NT$11.09 (down from NT$11.31 in FY 2021). Revenue: NT$1.83b (up 11% from FY 2021). Net income: NT$246.2m (down 1.4% from FY 2021). Profit margin: 13% (down from 15% 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 9% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 28
Upcoming dividend of NT$2.15 per share at 5.7% yield Eligible shareholders must have bought the stock before 07 March 2023. Payment date: 14 April 2023. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 5.7%. Lower than top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (0.5%). Upcoming Dividend • Nov 21
Upcoming dividend of NT$2.99 per share Eligible shareholders must have bought the stock before 28 November 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 6.5%. Lower than top quartile of Taiwanese dividend payers (6.9%). Higher than average of industry peers (0.6%). Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Yen-Ting Chen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Nov 12
Sunfun Info Co., Ltd. Announces Dividend for Second Quarter of 2022, Payable on 13 January 2023 Sunfun Info Co., Ltd. announced Second quarter of 2022 earnings distribution in the form of cash dividend is TWD 66,474,813 and the cash dividend is TWD 2.98782192 per share. Payable on 13 January 2023. Ex Dividend date is 28 November 2022, Record date is 4 December 2022. Upcoming Dividend • Sep 27
Upcoming dividend of NT$1.96 per share Eligible shareholders must have bought the stock before 04 October 2022. Payment date: 25 October 2022. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (7.0%). Higher than average of industry peers (0.6%). Annonce • Sep 15
Sunfun Info Co., Ltd. Announces Dividend for First Quarter of 2022, Payable on October 25, 2022 Sunfun Info Co., Ltd. announced first quarter of 2022 earnings distribution in the form of cash dividend is TWD 43,704,352, and the cash dividend is TWD 1.96436538 per share Ex-dividend date: October 04, 2022; Ex-dividend record date: October 10, 2022 Payment date to be October 25, 2022. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$4.86 (vs NT$3.08 in 2Q 2021) Second quarter 2022 results: EPS: NT$4.86 (up from NT$3.08 in 2Q 2021). Revenue: NT$457.7m (up 15% from 2Q 2021). Net income: NT$73.9m (up 8.6% from 2Q 2021). Profit margin: 16% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annonce • Aug 11
Sunfun Info Co., Ltd. Announces Appointment of Peng Hsiang Wei as Chief Information Security Officer Sunfun Info Co., Ltd. announced appointment of PENG HSIANG WEI,vice director of Network Management Department of the Company, as chief information security officer, effective August 10, 2022. Upcoming Dividend • Aug 03
Upcoming dividend of NT$4.77 per share Eligible shareholders must have bought the stock before 10 August 2022. Payment date: 15 September 2022. Payout ratio and cash payout ratio are on the higher end at 94% and 94% respectively. Trailing yield: 5.9%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (0.5%). Annonce • Jul 24
Sunfun Info Co., Ltd. Announces Cash Dividend for the Fourth Quarter of 2021, Payable on September 15, 2022 Sunfun Info Co., Ltd. announced the fourth quarter of 2021 earnings distribution in the form of cash dividend is TWD 72,740,024,and the cash dividend is TWD 4.77340595 per share. Ex-rights (Ex-dividend) date is August 10, 2022, Ex-rights (Ex-dividend) record date is August 16, 2022, Payment date of cash dividend distribution is September 15, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Yen-Ting Chen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$16.52 (up from NT$12.33 in FY 2020). Revenue: NT$1.65b (up 60% from FY 2020). Net income: NT$249.8m (up 35% from FY 2020). Profit margin: 15% (down from 18% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 28
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 07 March 2022. Payment date: 15 April 2022. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improved over the past week After last week's 15% share price gain to NT$265, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 25x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 117% over the past three years. Annonce • Dec 11
An unknown buyer signed agreement to acquire Sweet Tech (Taiwan) Ltd. from Sunfun Info Co., Ltd. (TPEX:5278) for TWD 48.5 million. An unknown buyer signed agreement to acquire Sweet Tech (Taiwan) Ltd. from Sunfun Info Co., Ltd. (TPEX:5278) for TWD 48.5 million on December 9, 2021. The transaction has been resolved by the board of directors of Sweet Tech. Upcoming Dividend • Nov 30
Upcoming dividend of NT$4.02 per share Eligible shareholders must have bought the stock before 07 December 2021. Payment date: 14 January 2021. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (0.4%). Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$4.39 (vs NT$2.51 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$419.4m (up 74% from 3Q 2020). Net income: NT$66.5m (up 76% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 08
Upcoming dividend of NT$2.79 per share Eligible shareholders must have bought the stock before 15 September 2021. Payment date: 15 October 2021. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (0.3%). Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$4.50 (vs NT$3.01 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$397.7m (up 66% from 2Q 2020). Net income: NT$68.0m (up 51% from 2Q 2020). Profit margin: 17% (down from 19% in 2Q 2020). 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 but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$137, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 32x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 156% over the past three years. Annonce • May 14
Sunfun Info Co., Ltd. Declares Cash Dividend for the First Quarter of 2021, Payable on October 15, 2021 Sunfun Info Co., Ltd. declared cash dividend of TWD 2.78622937 per share for the first quarter of 2021. Ex-rights (Ex-dividend) date is September 15, 2021. Last date before book closure is September 16, 2021. Book closure starting date is September 17, 2021. Book closure ending date is September 21, 2021. Ex-rights (Ex-dividend) record date is September 21, 2021. The dividend will be payable on October 15, 2021. Upcoming Dividend • Apr 16
Upcoming dividend of NT$3.46 per share Eligible shareholders must have bought the stock before 23 April 2021. Payment date: 15 July 2021. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (4.8%). Higher than average of industry peers (0.3%). Annonce • Mar 12
Sunfun Info Co., Ltd., Annual General Meeting, Jun 25, 2021 Sunfun Info Co., Ltd., Annual General Meeting, Jun 25, 2021. Location: Davinci Hall, NTU Convention Center, B1, No. 85, Sec. 4, Roosevelt Rd., Taipei City Taiwan Agenda: To consider report on the Company's Business Report for 2020; to consider report on the Audit Committee's Review of the Company's Financial Statements for 2020; to consider report on the Distribution of Remuneration for Directors and Employees for 2020; to consider report on cash dividend distribution for 2020; to consider report on the Company's Corporate Governance Evaluation Results for 2020; and to consider other matters. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS NT$12.33 (vs NT$15.45 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$1.03b (flat on FY 2019). Net income: NT$185.3m (down 14% from FY 2019). Profit margin: 18% (down from 21% in FY 2019). 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 36% per year.