Declared Dividend • Jul 08
Dividend reduced to NT$0.50 Dividend of NT$0.50 is 33% lower than last year. Ex-date: 22nd July 2026 Payment date: 21st August 2026 Dividend yield will be 3.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but the company has 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. Earnings per share has grown by 6.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: NT$0.12 (vs NT$0.066 in 1Q 2025) First quarter 2026 results: EPS: NT$0.12 (up from NT$0.066 in 1Q 2025). Revenue: NT$508.8m (up 103% from 1Q 2025). Net income: NT$43.7m (up 89% from 1Q 2025). Profit margin: 8.6% (down from 9.2% 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 11% 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 • Mar 12
Full year 2025 earnings released: EPS: NT$0.58 (vs NT$1.93 in FY 2024) Full year 2025 results: EPS: NT$0.58 (down from NT$1.93 in FY 2024). Revenue: NT$1.43b (down 69% from FY 2024). Net income: NT$203.4m (down 70% from FY 2024). Profit margin: 14% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • Mar 11
Sunty Development Co., LTD, Annual General Meeting, May 29, 2026 Sunty Development Co., LTD, Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: 11 floor no,97, sec.2 tun hua s. rd., da-an district, taipei city Taiwan Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.07 (vs NT$0.13 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.07 (down from NT$0.13 in 3Q 2024). Revenue: NT$317.8m (down 38% from 3Q 2024). Net income: NT$25.7m (down 43% from 3Q 2024). Profit margin: 8.1% (down from 8.8% in 3Q 2024). The decrease in margin was driven by lower revenue. 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 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.12 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$0.10 (up from NT$0.12 loss in 2Q 2024). Revenue: NT$405.2m (up 56% from 2Q 2024). Net income: NT$36.6m (up NT$79.6m from 2Q 2024). Profit margin: 9.0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 18
Upcoming dividend of NT$0.75 per share Eligible shareholders must have bought the stock before 23 July 2025. Payment date: 22 August 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.0%). Declared Dividend • Jul 04
Dividend of NT$0.75 announced Dividend of NT$0.75 is the same as last year. Ex-date: 23rd July 2025 Payment date: 22nd August 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 28
Sunty Development Co., Ltd Approves Cash Dividend for the Year 2025 Sunty Development Co., LTD announced that at its shareholders meeting held on May 27, 2025, shareholders approved the cash dividend of TWD 0.75 per share for the fiscal year 2024. The total amount of cash dividend is TWD 264,235,732. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$0.07 (vs NT$0.44 in 1Q 2024) First quarter 2025 results: EPS: NT$0.07 (down from NT$0.44 in 1Q 2024). Revenue: NT$251.0m (down 77% from 1Q 2024). Net income: NT$23.2m (down 85% from 1Q 2024). Profit margin: 9.2% (down from 14% in 1Q 2024). The decrease in margin was driven by lower revenue. 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 9% per year, which means it is significantly lagging earnings growth. Annonce • Apr 30
Sunty Development Co., LTD to Report Q1, 2025 Results on May 07, 2025 Sunty Development Co., LTD announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$15.00, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total loss to shareholders of 2.7% over the past three years. Annonce • Mar 13
Sunty Development Co., LTD, Annual General Meeting, May 27, 2025 Sunty Development Co., LTD, Annual General Meeting, May 27, 2025, at 09:00 Taipei Standard Time. Location: 11 floor no,97, sec.2 tun hua s. rd., da-an district, taipei city Taiwan Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: NT$1.93 (vs NT$1.94 in FY 2023) Full year 2024 results: EPS: NT$1.93 (down from NT$1.94 in FY 2023). Revenue: NT$4.68b (up 10% from FY 2023). Net income: NT$679.5m (flat on FY 2023). Profit margin: 14% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annonce • Mar 11
Sunty Development Co., Ltd Announces Cash Dividend for the Period from January 1, 2024 to December 31, 2024 Sunty Development Co. Ltd. announced cash Dividend for the period from January 1, 2024 to December 31, 2024. For the year, the company reported dividend of TWD 0.75 per share. Total amount of cash distributed to shareholders TWD 264,235,732. Annonce • Feb 28
Sunty Development Co., LTD to Report Fiscal Year 2024 Results on Mar 10, 2025 Sunty Development Co., LTD announced that they will report fiscal year 2024 results on Mar 10, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: NT$0.13 (vs NT$1.07 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.13 (down from NT$1.07 in 3Q 2023). Revenue: NT$508.5m (down 72% from 3Q 2023). Net income: NT$44.9m (down 88% from 3Q 2023). Profit margin: 8.8% (down from 21% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 16
Second quarter 2024 earnings released: NT$0.12 loss per share (vs NT$0.014 loss in 2Q 2023) Second quarter 2024 results: NT$0.12 loss per share (further deteriorated from NT$0.014 loss in 2Q 2023). Revenue: NT$259.1m (down 16% from 2Q 2023). Net loss: NT$43.0m (loss widened NT$37.9m from 2Q 2023). 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 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$20.15, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 20x in the Real Estate industry in Taiwan. Total returns to shareholders of 70% over the past three years. Annonce • Aug 03
Sunty Development Co., LTD to Report Q2, 2024 Results on Aug 12, 2024 Sunty Development Co., LTD announced that they will report Q2, 2024 results on Aug 12, 2024 Upcoming Dividend • Jul 20
Upcoming dividend of NT$0.75 per share Eligible shareholders must have bought the stock before 24 July 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.6%). Declared Dividend • Jul 06
Dividend increased to NT$0.75 Dividend of NT$0.75 is 50% higher than last year. Ex-date: 24th July 2024 Payment date: 23rd August 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 75% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$28.05, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 21x in the Real Estate industry in Taiwan. Total returns to shareholders of 138% over the past three years. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$0.44 (vs NT$0.042 in 1Q 2023) First quarter 2024 results: EPS: NT$0.44 (up from NT$0.042 in 1Q 2023). Revenue: NT$1.09b (up 116% from 1Q 2023). Net income: NT$155.4m (up NT$140.6m from 1Q 2023). Profit margin: 14% (up from 2.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$24.85, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 25x in the Real Estate industry in Taiwan. Total returns to shareholders of 93% over the past three years. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: NT$1.94 (vs NT$0.57 in FY 2022) Full year 2023 results: EPS: NT$1.94 (up from NT$0.57 in FY 2022). Revenue: NT$4.24b (up 46% from FY 2022). Net income: NT$683.7m (up 241% from FY 2022). Profit margin: 16% (up from 6.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$17.80, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 19x in the Real Estate industry in Taiwan. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$21.15, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 19x in the Real Estate industry in Taiwan. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$17.15, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 18x in the Real Estate industry in Taiwan. Total returns to shareholders of 22% over the past three years. Annonce • Nov 09
Sunty Development Co., LTD Appoints Mai Hsiu-Wei as Vice Chairperson, Effective January 1, 2024 Sunty Development Co., LTD announced appointment of Mai Hsiu-Wei, Senior manager of the Company as vice chairperson. Effective date of the new appointment is January 1, 2024. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings have declined by 4.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 13x earnings per share. Dividend per share is over 20x cash flows per share. Earnings have declined by 4.3% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin). Reported Earnings • Aug 10
Second quarter 2023 earnings released: NT$0.01 loss per share (vs NT$0.12 loss in 2Q 2022) Second quarter 2023 results: NT$0.01 loss per share (improved from NT$0.12 loss in 2Q 2022). Revenue: NT$307.5m (down 29% from 2Q 2022). Net loss: NT$5.07m (loss narrowed 88% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 19
Upcoming dividend of NT$0.50 per share at 3.5% yield Eligible shareholders must have bought the stock before 26 July 2023. Payment date: 25 August 2023. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.6%). Annonce • Jul 06
Sunty Development Co., Ltd Announces Cash Dividend, Payable on August 25, 2023 Sunty Development Co., LTD announced a cash dividend of TWD 0.5 per share. Ex-rights (ex-dividend) trading date is July 26, 2023. Ex-rights (ex-dividend) record date is August 1, 2023. The payment date of cash dividend distribution is August 25, 2023. Reported Earnings • Mar 11
Full year 2022 earnings released: EPS: NT$0.57 (vs NT$0.25 in FY 2021) Full year 2022 results: EPS: NT$0.57 (up from NT$0.25 in FY 2021). Revenue: NT$2.91b (up 186% from FY 2021). Net income: NT$200.2m (up 130% from FY 2021). Profit margin: 6.9% (down from 8.5% 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 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Dec 16
Sunty Development Co., LTD Announces Executive Changes Sunty Development Co., LTD announced the retirement of Chien Bo-Yin as general manager and appointed Wei Tai-Lin as general manager. Effective date of the new appointment is January 1, 2023. The company appointed Chien Bo-Yin as the general counsel of the company. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Meng-Han Chuang was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings released: NT$0.03 loss per share (vs NT$0.51 profit in 3Q 2021) Third quarter 2022 results: NT$0.03 loss per share (down from NT$0.51 profit in 3Q 2021). Revenue: NT$216.7m (down 55% from 3Q 2021). Net loss: NT$12.3m (down 107% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.12 loss per share (vs NT$0.059 loss in 2Q 2021) Second quarter 2022 results: NT$0.12 loss per share (down from NT$0.059 loss in 2Q 2021). Revenue: NT$435.3m (up 119% from 2Q 2021). Net loss: NT$42.0m (loss widened 103% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Meng-Han Chuang was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Meng-Han Chuang was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jun 10
Sunty Development Co., Ltd Announces Board Appointments Sunty Development Co., LTD announced that it approved release the new directors from the non-compete restrictions of the company's 2022 regular shareholders meeting. Items of competitive conduct in which the director is permitted to engage: Director, Mai Kuan-Cheng. Director of Hsin Tung Yang Construction Co. Ltd. Chairman of Hsin Tung Yang Hosing Agency Co Ltd. Director of GREAT HARBOR LIMITED. Director, Dingyang Investment Co. Ltd.representative:Chien Bo-Yin. Director of Hsin Tung Yang Construction Co. Ltd. Chairman of Sunty Land Co. Ltd. Chairman of Sunty International Land Co. Ltd. Director of GREAT HARBOR LIMITED. Director, Dingyang Investment Co. Ltd.representative: Mai Hsiu-Wei. Director of Hsin Tung Yang Construction Co. Ltd. Director of Sunty Land Co. Ltd. Director of Sunty International Land Co. Ltd. Director of Hsin Tung Yang Hosing Agency Co Ltd. Director of Syang Apartment Building Management and Maintenance Co. Ltd. Chairman of GREAT HARBOR LIMITED. Independent director, Yu Chun-Ming. Independent director of SHANYUAN Co. Ltd. Independent director of HUNG SHENG CONSTRUCTION Co. Ltd. Independent director, Chuang Meng-Han. Independent director of HUAKU DEVELOPMENT Co. Ltd. Reported Earnings • May 09
First quarter 2022 earnings released: EPS: NT$0.68 (vs NT$0.033 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.68 (up from NT$0.033 loss in 1Q 2021). Revenue: NT$1.70b (up NT$1.50b from 1Q 2021). Net income: NT$239.1m (up NT$250.8m from 1Q 2021). Profit margin: 14% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 23% share price gain to NT$16.65, the stock trades at a trailing P/E ratio of 67.5x. Average trailing P/E is 13x in the Real Estate industry in Taiwan. Total returns to shareholders of 58% over the past three years. Reported Earnings • Nov 08
Third quarter 2021 earnings released: EPS NT$0.51 (vs NT$0.38 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$477.8m (down 64% from 3Q 2020). Net income: NT$178.1m (up 32% from 3Q 2020). Profit margin: 37% (up from 10% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Reported Earnings • Aug 09
Second quarter 2021 earnings released: NT$0.06 loss per share (vs NT$0.17 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$198.9m (down 67% from 2Q 2020). Net loss: NT$20.7m (down 135% from profit in 2Q 2020). 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. Reported Earnings • May 08
First quarter 2021 earnings released: NT$0.03 loss per share (vs NT$0.10 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: NT$204.3m (down 39% from 1Q 2020). Net loss: NT$11.7m (loss narrowed 68% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS NT$0.40 (vs NT$0.60 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$3.22b (up 63% from FY 2019). Net income: NT$141.3m (down 33% from FY 2019). Profit margin: 4.4% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 18
New 90-day low: NT$13.80 The company is down 6.0% from its price of NT$14.70 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is flat over the same period. Is New 90 Day High Low • Jan 26
New 90-day low: NT$14.10 The company is down 2.0% from its price of NT$14.45 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is flat over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: NT$15.80 The company is up 16% from its price of NT$13.65 on 08 October 2020. The Taiwanese market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: NT$15.45 The company is up 12% from its price of NT$13.75 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 4.0% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS NT$0.38 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.31b (up 65% from 3Q 2019). Net income: NT$134.7m (down 17% from 3Q 2019). Profit margin: 10% (down from 20% 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 26% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 12
New 90-day high: NT$14.25 The company is up 6.0% from its price of NT$13.45 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 4.0% over the same period.