Reported Earnings • 1h
Second quarter 2026 earnings released: EPS: NT$0.35 (vs NT$0.15 loss in 2Q 2025) Second quarter 2026 results: EPS: NT$0.35 (up from NT$0.15 loss in 2Q 2025). Revenue: NT$742.6m (up 17% from 2Q 2025). Net income: NT$42.7m (up NT$60.9m from 2Q 2025). Profit margin: 5.8% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$14.65, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 18x in the Luxury industry in Taiwan. Total loss to shareholders of 17% over the past three years. Declared Dividend • Jun 25
Dividend reduced to NT$0.25 Dividend of NT$0.25 is 50% lower than last year. Ex-date: 4th August 2026 Payment date: 4th September 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (129% earnings payout ratio). However, it is well covered by cash flows (43% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 43% to bring the payout ratio under control. However, EPS has declined by 23% over the last 5 years so the company would need to reverse this trend. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$15.30, the stock trades at a trailing P/E ratio of 78.9x. Average trailing P/E is 19x in the Luxury industry in Taiwan. Total loss to shareholders of 18% over the past three years. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.069 (vs NT$0.093 in 1Q 2025) First quarter 2026 results: EPS: NT$0.069 (down from NT$0.093 in 1Q 2025). Revenue: NT$601.2m (flat on 1Q 2025). Net income: NT$8.40m (down 26% from 1Q 2025). Profit margin: 1.4% (down from 1.9% in 1Q 2025). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$0.22 (vs NT$1.13 in FY 2024) Full year 2025 results: EPS: NT$0.22 (down from NT$1.13 in FY 2024). Revenue: NT$2.43b (down 9.0% from FY 2024). Net income: NT$26.7m (down 81% from FY 2024). Profit margin: 1.1% (down from 5.2% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 15% per year. Annonce • Mar 12
Nam Liong Global Corporation, Annual General Meeting, Jun 23, 2026 Nam Liong Global Corporation, Annual General Meeting, Jun 23, 2026. Location: b1 floor no,269, ch`ung yang rd., nangang district, taipei city Taiwan New Risk • Nov 17
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: 1.9% Last year net profit margin: 3.5% 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: Major Risk Earnings have declined by 9.4% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (136% payout ratio). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (NT$1.62b market cap, or US$52.0m). Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.25 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.10 (down from NT$0.25 in 3Q 2024). Revenue: NT$578.6m (down 15% from 3Q 2024). Net income: NT$12.2m (down 60% from 3Q 2024). Profit margin: 2.1% (down from 4.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Sep 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to NT$13.05. The fair value is estimated to be NT$16.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Earnings per share has declined by 38%. Reported Earnings • Aug 18
Second quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.21 profit in 2Q 2024) Second quarter 2025 results: NT$0.15 loss per share (down from NT$0.21 profit in 2Q 2024). Revenue: NT$633.8m (down 9.3% from 2Q 2024). Net loss: NT$18.1m (down 169% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 24
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 31 July 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.7%). Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.31 in 1Q 2024) First quarter 2025 results: EPS: NT$0.09 (down from NT$0.31 in 1Q 2024). Revenue: NT$600.1m (flat on 1Q 2024). Net income: NT$11.4m (down 70% from 1Q 2024). Profit margin: 1.9% (down from 6.4% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annonce • May 01
Nam Liong Global Corporation to Report Q1, 2025 Results on May 08, 2025 Nam Liong Global Corporation announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$13.90, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total loss to shareholders of 17% over the past three years. New Risk • Apr 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: 2.9% 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. Market cap is less than US$100m (NT$2.09b market cap, or US$63.3m). Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$1.13 (vs NT$0.10 in FY 2023) Full year 2024 results: EPS: NT$1.13 (up from NT$0.10 in FY 2023). Revenue: NT$2.67b (up 11% from FY 2023). Net income: NT$137.8m (up NT$125.2m from FY 2023). Profit margin: 5.2% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • Mar 13
Nam Liong Global Corporation, Annual General Meeting, Jun 26, 2025 Nam Liong Global Corporation, Annual General Meeting, Jun 26, 2025. Location: b1 floor no,269, ch`ung yang rd., nangang district, taipei city Taiwan Annonce • Mar 05
Nam Liong Global Corporation to Report Fiscal Year 2024 Results on Mar 12, 2025 Nam Liong Global Corporation announced that they will report fiscal year 2024 results on Mar 12, 2025 Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$0.25 (vs NT$0.029 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.25 (up from NT$0.029 in 3Q 2023). Revenue: NT$682.2m (up 19% from 3Q 2023). Net income: NT$30.4m (up NT$26.8m from 3Q 2023). Profit margin: 4.5% (up from 0.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$0.21 (vs NT$0.084 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.21 (up from NT$0.084 in 2Q 2023). Revenue: NT$698.6m (up 7.8% from 2Q 2023). Net income: NT$26.2m (up 154% from 2Q 2023). Profit margin: 3.8% (up from 1.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 08
Upcoming dividend of NT$0.25 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.5%). Lower than average of industry peers (3.3%). Annonce • Aug 02
Nam Liong Global Corporation to Report Q2, 2024 Results on Aug 08, 2024 Nam Liong Global Corporation announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.31 (vs NT$0.013 in 1Q 2023) First quarter 2024 results: EPS: NT$0.31 (up from NT$0.013 in 1Q 2023). Revenue: NT$600.0m (up 2.9% from 1Q 2023). Net income: NT$38.1m (up NT$36.5m from 1Q 2023). Profit margin: 6.4% (up from 0.3% in 1Q 2023). The increase in margin was primarily driven by lower expenses. 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 5% per year, which means it is well ahead of earnings. Annonce • Apr 09
Nam Liong Global Corporation, Annual General Meeting, Jun 25, 2024 Nam Liong Global Corporation, Annual General Meeting, Jun 25, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$0.10 (vs NT$1.45 in FY 2022) Full year 2023 results: EPS: NT$0.10 (down from NT$1.45 in FY 2022). Revenue: NT$2.41b (down 22% from FY 2022). Net income: NT$12.5m (down 93% from FY 2022). Profit margin: 0.5% (down from 5.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Jan 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.4% 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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (NT$2.59b market cap, or US$82.8m). New Risk • Aug 12
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: 1.5% Last year net profit margin: 6.9% 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 earnings (196% payout ratio). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (NT$2.17b market cap, or US$67.9m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.09 (vs NT$0.71 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.09 (down from NT$0.71 in 2Q 2022). Revenue: NT$647.8m (down 25% from 2Q 2022). Net income: NT$10.3m (down 88% from 2Q 2022). Profit margin: 1.6% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 03
Upcoming dividend of NT$0.65 per share at 3.4% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 12 September 2023. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.3%). Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: NT$1.45 (vs NT$1.23 in FY 2021) Full year 2022 results: EPS: NT$1.45 (up from NT$1.23 in FY 2021). Revenue: NT$3.08b (down 8.2% from FY 2021). Net income: NT$177.6m (up 18% from FY 2021). Profit margin: 5.8% (up from 4.5% in FY 2021). The increase in margin was driven by lower expenses. 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 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$24.45, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 118% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.53 (vs NT$0.45 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.53 (up from NT$0.45 in 3Q 2021). Revenue: NT$755.8m (down 13% from 3Q 2021). Net income: NT$64.6m (up 18% from 3Q 2021). Profit margin: 8.6% (up from 6.3% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.71 (vs NT$0.29 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.71 (up from NT$0.29 in 2Q 2021). Revenue: NT$863.7m (up 4.7% from 2Q 2021). Net income: NT$87.0m (up 142% from 2Q 2021). Profit margin: 10% (up from 4.4% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 28
Upcoming dividend of NT$0.60 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 31 August 2022. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (7.2%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.51 (vs NT$0.20 in 1Q 2021) First quarter 2022 results: EPS: NT$0.51 (up from NT$0.20 in 1Q 2021). Revenue: NT$824.7m (up 9.4% from 1Q 2021). Net income: NT$62.5m (up 154% from 1Q 2021). Profit margin: 7.6% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Apr 02
Nam Liong Global Corporation, Annual General Meeting, Jun 23, 2022 Nam Liong Global Corporation, Annual General Meeting, Jun 23, 2022. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: NT$1.23 (vs NT$0.54 in FY 2020) Full year 2021 results: EPS: NT$1.23 (up from NT$0.54 in FY 2020). Revenue: NT$3.36b (up 26% from FY 2020). Net income: NT$150.3m (up 126% from FY 2020). Profit margin: 4.5% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 23% share price gain to NT$21.20, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 151% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.069 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$870.4m (up 35% from 3Q 2020). Net income: NT$54.8m (up NT$46.4m from 3Q 2020). Profit margin: 6.3% (up from 1.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.29 (vs NT$0.21 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$825.0m (up 18% from 2Q 2020). Net income: NT$35.9m (up 41% from 2Q 2020). Profit margin: 4.4% (up from 3.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.012 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$753.8m (up 25% from 1Q 2020). Net income: NT$24.7m (up NT$23.2m from 1Q 2020). Profit margin: 3.3% (up from 0.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improved over the past week After last week's 17% share price gain to NT$19.90, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 98% over the past three years. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$0.54 (vs NT$0.58 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$2.68b (down 8.2% from FY 2019). Net income: NT$66.5m (down 6.3% from FY 2019). Profit margin: 2.5% (up from 2.4% in FY 2019). The increase in margin was driven by lower expenses. 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 17% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 12
New 90-day low: NT$16.50 The company is down 19% from its price of NT$20.35 on 15 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 25
New 90-day low: NT$17.50 The company is down 8.0% from its price of NT$19.10 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: NT$18.25 The company is down 20% from its price of NT$22.90 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 5.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.07 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$647.2m (down 6.8% from 3Q 2019). Net income: NT$8.41m (down 64% from 3Q 2019). Profit margin: 1.3% (down from 3.4% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. 
