Upcoming Dividend • Mar 19
Upcoming dividend of NT$1.70 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 24 April 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.5%). Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: NT$3.61 (vs NT$2.33 in FY 2024) Full year 2025 results: EPS: NT$3.61 (up from NT$2.33 in FY 2024). Revenue: NT$9.59b (up 18% from FY 2024). Net income: NT$1.00b (up 55% from FY 2024). Profit margin: 11% (up from 8.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Declared Dividend • Feb 26
Dividend of NT$1.70 announced Shareholders will receive a dividend of NT$1.70. Ex-date: 26th March 2026 Payment date: 24th April 2026 Dividend yield will be 3.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) and 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. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is less than the 166% EPS growth achieved over the last 5 years. Annonce • Feb 25
Quanta Storage Inc., Annual General Meeting, May 26, 2026 Quanta Storage Inc., Annual General Meeting, May 26, 2026. Location: 3 floor no,2, fu hsing 1st rd., gueishan district, taoyuan city Taiwan New Risk • Aug 27
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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$110, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 198% over the past three years. Upcoming Dividend • Aug 11
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 18 August 2025. Payment date: 11 September 2025. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.5%). Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.96 (vs NT$0.78 in 1Q 2024) First quarter 2025 results: EPS: NT$0.96 (up from NT$0.78 in 1Q 2024). Revenue: NT$2.44b (up 11% from 1Q 2024). Net income: NT$267.7m (up 24% from 1Q 2024). Profit margin: 11% (up from 9.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Annonce • Apr 25
Quanta Storage Inc. to Report Q1, 2025 Results on May 02, 2025 Quanta Storage Inc. announced that they will report Q1, 2025 results on May 02, 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$70.50, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 106% over the past three years. Upcoming Dividend • Mar 20
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 27 March 2025. Payment date: 30 April 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.6%). Lower than average of industry peers (3.8%). Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$2.33 (vs NT$4.00 in FY 2023) Full year 2024 results: EPS: NT$2.33 (down from NT$4.00 in FY 2023). Revenue: NT$8.14b (down 22% from FY 2023). Net income: NT$649.0m (down 42% from FY 2023). Profit margin: 8.0% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Declared Dividend • Feb 28
Dividend reduced to NT$2.00 Dividend of NT$2.00 is 38% lower than last year. Ex-date: 27th March 2025 Payment date: 30th April 2025 Dividend yield will be 1.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio) nor is it covered by cash flows (287% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control, which is more than the 4.7% EPS growth achieved over the last 5 years. Annonce • Feb 19
Quanta Storage Inc. to Report Q4, 2024 Results on Feb 26, 2025 Quanta Storage Inc. announced that they will report Q4, 2024 results on Feb 26, 2025 New Risk • Jan 26
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 6.2% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 287% Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.37 (vs NT$1.23 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.37 (down from NT$1.23 in 3Q 2023). Revenue: NT$1.70b (down 38% from 3Q 2023). Net income: NT$102.3m (down 70% from 3Q 2023). Profit margin: 6.0% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Annonce • Oct 24
Quanta Storage Inc. to Report Q3, 2024 Results on Oct 31, 2024 Quanta Storage Inc. announced that they will report Q3, 2024 results on Oct 31, 2024 Buy Or Sell Opportunity • Oct 15
Now 20% overvalued Over the last 90 days, the stock has fallen 7.8% to NT$100.00. The fair value is estimated to be NT$83.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 5.9%. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$113, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 264% over the past three years. Buy Or Sell Opportunity • Sep 20
Now 23% overvalued Over the last 90 days, the stock has fallen 4.2% to NT$102. The fair value is estimated to be NT$83.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 5.9%. Buy Or Sell Opportunity • Aug 16
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 7.2% to NT$105. The fair value is estimated to be NT$84.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 5.9%. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$0.49 (vs NT$0.78 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.49 (down from NT$0.78 in 2Q 2023). Revenue: NT$1.88b (down 19% from 2Q 2023). Net income: NT$135.3m (down 37% from 2Q 2023). Profit margin: 7.2% (down from 9.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$86.10, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 171% over the past three years. Annonce • Jul 24
Quanta Storage Inc. to Report Q2, 2024 Results on Jul 31, 2024 Quanta Storage Inc. announced that they will report Q2, 2024 results on Jul 31, 2024 New Risk • May 27
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 8.7% 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 (8.7% average weekly change). High level of non-cash earnings (112% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$113, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 233% over the past three years. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$0.78 (vs NT$0.71 in 1Q 2023) First quarter 2024 results: EPS: NT$0.78 (up from NT$0.71 in 1Q 2023). Revenue: NT$2.19b (down 14% from 1Q 2023). Net income: NT$216.4m (up 9.8% from 1Q 2023). Profit margin: 9.9% (up from 7.7% 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 19% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 28
Quanta Storage Inc. to Report Q1, 2024 Results on May 06, 2024 Quanta Storage Inc. announced that they will report Q1, 2024 results on May 06, 2024 New Risk • Apr 08
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 High level of non-cash earnings (64% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Upcoming Dividend • Mar 27
Upcoming dividend of NT$3.20 per share Eligible shareholders must have bought the stock before 03 April 2024. Payment date: 08 May 2024. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (4.7%). In line with average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$97.00, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 180% over the past three years. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: NT$4.00 (vs NT$3.91 in FY 2022) Full year 2023 results: EPS: NT$4.00 (up from NT$3.91 in FY 2022). Revenue: NT$10.4b (down 14% from FY 2022). Net income: NT$1.11b (up 2.1% from FY 2022). Profit margin: 11% (up from 9.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 26% per year. Annonce • Mar 05
Quanta Storage Inc., Annual General Meeting, Jun 07, 2024 Quanta Storage Inc., Annual General Meeting, Jun 07, 2024. Location: 3F.,No2, Fuxing 1st Rd.,Guishan Dist Taoyuan City Taiwan Agenda: To 2023 Business Report; to consider Audit Committees Review Report on the 2023 Financial Statements; to Report on the 2023 distribution of remuneration to employees and directors; to Report on the 2023 distribution of cash dividend; and to discuss other matters. New Risk • Aug 09
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 91% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. High level of non-cash earnings (55% accrual ratio). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$0.78 (vs NT$0.95 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.78 (down from NT$0.95 in 2Q 2022). Revenue: NT$2.33b (down 13% from 2Q 2022). Net income: NT$215.9m (down 18% from 2Q 2022). Profit margin: 9.3% (in line with 2Q 2022). 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 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$98.80, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 242% over the past three years. New Risk • Jul 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 43% 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 Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (43% accrual ratio). Minor Risk Dividend is not well covered by cash flows (217% cash payout ratio). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$83.40, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 194% over the past three years. New Risk • Jun 09
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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (217% cash payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Upcoming Dividend • Jun 01
Upcoming dividend of NT$3.20 per share at 4.5% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 06 July 2023. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.6%). In line with average of industry peers (4.5%). Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$70.00, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 17x in the Tech industry in Taiwan. Total returns to shareholders of 129% over the past three years. Annonce • May 06
Quanta Storage Inc. Declares Cash Dividend, Payable on July 6, 2023 Quanta Storage Inc. declared dividend of TWD 751,569,057 and Capital surplus Cash dividends TWD 139,179,455, payable on July 6, 2023. Ex-rights (Ex-dividend) record date is on June 14, 2023 and Ex-rights (Ex-dividend) date: June 8, 2023. Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: NT$3.91 (vs NT$3.57 in FY 2021) Full year 2022 results: EPS: NT$3.91 (up from NT$3.57 in FY 2021). Revenue: NT$12.1b (up 9.9% from FY 2021). Net income: NT$1.09b (up 9.6% from FY 2021). Profit margin: 9.0% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$1.06 (vs NT$1.01 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.06 (up from NT$1.01 in 3Q 2021). Revenue: NT$3.06b (up 9.3% from 3Q 2021). Net income: NT$295.7m (up 5.0% from 3Q 2021). Profit margin: 9.6% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 4 non-independent directors. Independent Director Yen-Hau Chen was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Sep 28
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be NT$46.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 38%. Upcoming Dividend • Jul 18
Upcoming dividend of NT$2.80 per share Eligible shareholders must have bought the stock before 25 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 73% and the cash payout ratio is 94%. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (7.5%). Annonce • Jul 09
Quanta Storage Inc. Declares Dividend, Payable on Aug. 19, 2022 Quanta Storage Inc. declares dividend of TWD 640,225,493, payable on Aug. 19, 2022. Ex-rights (Ex-dividend) record date is on July 31, 2022 and Ex-rights (Ex-dividend) date: July 25, 2022. Buying Opportunity • Jun 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be NT$47.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 27%. Board Change • Apr 27
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. 4 non-independent directors. Independent Director Yen-Hau Chen was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$3.57 (vs NT$0.41 in FY 2020) Full year 2021 results: EPS: NT$3.57 (up from NT$0.41 in FY 2020). Revenue: NT$11.0b (up 5.3% from FY 2020). Net income: NT$993.2m (up NT$878.9m from FY 2020). Profit margin: 9.0% (up from 1.1% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 26
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 02 August 2021. Payment date: 25 August 2021. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (5.1%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.68 (vs NT$0.66 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$2.67b (up 13% from 1Q 2020). Net income: NT$188.0m (up 2.9% from 1Q 2020). Profit margin: 7.0% (down from 7.8% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$0.41 (vs NT$1.85 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$10.5b (up 12% from FY 2019). Net income: NT$114.3m (down 78% from FY 2019). Profit margin: 1.1% (down from 5.5% in FY 2019). The decrease in margin was driven by higher expenses. 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 13% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 24
New 90-day high: NT$43.50 The company is up 13% from its price of NT$38.60 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: NT$40.25 The company is up 2.0% from its price of NT$39.30 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 14
Third quarter 2020 earnings released: EPS NT$0.79 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$2.71b (up 40% from 3Q 2019). Net income: NT$218.8m (up 57% from 3Q 2019). Profit margin: 8.1% (up from 7.2% in 3Q 2019). The increase in margin was driven by higher revenue. 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.