Declared Dividend • Jul 27
Dividend of NT$4.80 announced Shareholders will receive a dividend of NT$4.80. Ex-date: 10th August 2026 Payment date: 4th September 2026 Dividend yield will be 5.0%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% 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$1.00 (vs NT$1.44 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (down from NT$1.44 in 1Q 2025). Revenue: NT$4.27b (up 8.6% from 1Q 2025). Net income: NT$186.3m (flat on 1Q 2025). Profit margin: 4.4% (down from 4.8% 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 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$9.52 (vs NT$6.70 in FY 2024) Full year 2025 results: EPS: NT$9.52 (up from NT$6.70 in FY 2024). Revenue: NT$21.5b (up 51% from FY 2024). Net income: NT$1.24b (up 42% from FY 2024). Profit margin: 5.8% (down from 6.1% in FY 2024). 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 14% per year, which means it is well ahead of earnings. Annuncio • Mar 02
Kedge Construction Co., Ltd., Annual General Meeting, May 25, 2026 Kedge Construction Co., Ltd., Annual General Meeting, May 25, 2026. Location: 15 floor no,169, sec.3 min ch`uan e. rd., songshan district, taipei city Taiwan Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$3.13 (vs NT$1.75 in 3Q 2024) Third quarter 2025 results: EPS: NT$3.13 (up from NT$1.75 in 3Q 2024). Revenue: NT$6.42b (up 89% from 3Q 2024). Net income: NT$408.6m (up 79% from 3Q 2024). Profit margin: 6.4% (down from 6.7% 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 1% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$2.14 (vs NT$1.03 in 2Q 2024) Second quarter 2025 results: EPS: NT$2.14 (up from NT$1.03 in 2Q 2024). Revenue: NT$5.35b (up 52% from 2Q 2024). Net income: NT$263.3m (up 95% from 2Q 2024). Profit margin: 4.9% (up from 3.8% in 2Q 2024). The increase in margin was driven by higher revenue. 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 23% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 21
Dividend of NT$3.20 announced Shareholders will receive a dividend of NT$3.20. Ex-date: 5th August 2025 Payment date: 1st September 2025 Dividend yield will be 3.8%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 13
First quarter 2025 earnings released: EPS: NT$1.53 (vs NT$0.99 in 1Q 2024) First quarter 2025 results: EPS: NT$1.53 (up from NT$0.99 in 1Q 2024). Revenue: NT$3.93b (up 31% from 1Q 2024). Net income: NT$188.0m (up 55% from 1Q 2024). Profit margin: 4.8% (up from 4.0% in 1Q 2024). The increase in margin was driven by higher revenue. 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 21% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 01
Kedge Construction Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Kedge Construction Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Annuncio • Mar 13
Kedge Construction Co., Ltd., Annual General Meeting, May 26, 2025 Kedge Construction Co., Ltd., Annual General Meeting, May 26, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,131, sec.3 huo p`ing e. rd., taipei city Taiwan Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: NT$7.10 (vs NT$8.04 in FY 2023) Full year 2024 results: EPS: NT$7.10 (down from NT$8.04 in FY 2023). Revenue: NT$14.2b (flat on FY 2023). Net income: NT$874.4m (down 12% from FY 2023). Profit margin: 6.1% (down from 6.9% in FY 2023). 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. Annuncio • Mar 01
Kedge Construction Co., Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2025 Kedge Construction Co., Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2025 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$85.20, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 19x in the Construction industry in Taiwan. Total returns to shareholders of 122% over the past three years. Reported Earnings • Nov 09
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: NT$3.40b (up 13% from 3Q 2023). Net income: NT$228.6m (up 56% from 3Q 2023). Profit margin: 6.7% (up from 4.9% in 3Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • Aug 12
Second quarter 2024 earnings released: EPS: NT$1.12 (vs NT$2.96 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.12 (down from NT$2.96 in 2Q 2023). Revenue: NT$3.51b (down 11% from 2Q 2023). Net income: NT$134.8m (down 63% from 2Q 2023). Profit margin: 3.8% (down from 9.2% 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 12% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 02
Kedge Construction Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Kedge Construction Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Declared Dividend • Jul 12
Dividend of NT$4.00 announced Shareholders will receive a dividend of NT$4.00. Ex-date: 29th July 2024 Payment date: 23rd August 2024 Dividend yield will be 4.2%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Jul 11
Kedge Construction Co., Ltd. Announces Cash Dividend, Payable on 23 August 2024 Kedge Construction Co., Ltd. announced cash dividend of TWD 482,886,396 or TWD 4.0 per share. Ex-rights (ex-dividend) trading date: 29 July 2024. Ex-rights (ex-dividend) record date: 4 August 2024. Payment date of common stock cash dividend distribution: 23 August 2024. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$1.01 (vs NT$1.39 in 1Q 2023) First quarter 2024 results: EPS: NT$1.01 (down from NT$1.39 in 1Q 2023). Revenue: NT$3.00b (down 8.2% from 1Q 2023). Net income: NT$121.5m (down 27% from 1Q 2023). Profit margin: 4.0% (down from 5.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% 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 • May 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$128, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 18x in the Construction industry in Taiwan. Total returns to shareholders of 253% over the past three years. Annuncio • May 05
Kedge Construction Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Kedge Construction Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 Annuncio • Mar 14
Kedge Construction Co., Ltd., Annual General Meeting, May 29, 2024 Kedge Construction Co., Ltd., Annual General Meeting, May 29, 2024. Location: The first floor of the company, No. 131, Section 3, Hoping East Road Taipei Taiwan Agenda: To consider business report for 2023; to consider audit committee's review report on the 2023 financial statements; to consider 2023 employees' and directors' remuneration distribution report; to consider the Company's endorsement and guarantee for others; and to discuss other matters. Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: NT$8.20 (vs NT$8.68 in FY 2022) Full year 2023 results: EPS: NT$8.20 (down from NT$8.68 in FY 2022). Revenue: NT$14.3b (flat on FY 2022). Net income: NT$990.3m (down 5.5% from FY 2022). Profit margin: 6.9% (down from 7.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year. Annuncio • Oct 21
Kedge Construction Co., Ltd. Announces Change of Corporate Governance Officer Kedge Construction Co., Ltd. announced change of Corporate Governance Officer. Name, title, and resume of the previous position holder: Li-Ya Chen, Senior Assistant Vice President of the Finance Division and Corporate governance officer of Kedge Construction Co., Ltd. Name, title, and resume of the new position holder: Hsin-Yu, Li, Assistant Manager of the Company's Legal Department. Type of the change: new replacement. Reason for the change: new replacement. Effective date: 20th October 2023. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$3.12 (vs NT$1.22 in 2Q 2022) Second quarter 2023 results: EPS: NT$3.12 (up from NT$1.22 in 2Q 2022). Revenue: NT$3.95b (up 41% from 2Q 2022). Net income: NT$364.3m (up 147% from 2Q 2022). Profit margin: 9.2% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 20
Upcoming dividend of NT$4.15 per share at 5.8% yield Eligible shareholders must have bought the stock before 27 July 2023. Payment date: 23 August 2023. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (5.5%). Annuncio • Jul 13
Kedge Construction Co., Ltd. Approves Cash Dividend, Payable on August 23, 2023 Kedge Construction Co., Ltd. at its the board of directors or shareholders meeting or decision by the company on July 12, 2023. Cash dividend TWD 484,052,787 of TWD 4.15 per share. Ex-rights (ex-dividend) trading date is July 27, 2023. Ex-rights (ex-dividend) record date is August 02, 2023. The cash dividend payment date is set as August 23, 2023. Annuncio • Jun 03
Kedge Construction Co., Ltd. Announces Board Changes Kedge Construction Co., Ltd. at the shareholders' meeting held on June 02, 2023, elected Sui-Chang Liang, Tan Hochen and Chun-Ming Chen as director. Name and resume of the new position holder: Director/Representative of Kindom Development Co., Ltd. Sui-Chang Liang/Principal of Sui-Chang Liang Law Firm; Director/Representative of Kindom Development Co., Ltd. Tan Hochen/Chairman of Taipei Rapid Transit Corporation; Director/Representative of Kindom Development Co., Ltd.: Chun-Ming Chen/Executive Deputy General Manager of Kedge Construction Co., Ltd. The company announced the expiration of the term for Ching-song Tseng, Shih-Hsuan Chou, and Mei-Chu Liu. The effective date of the new appointment is June 6, 2023. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: NT$8.98 (vs NT$6.35 in FY 2021) Full year 2022 results: EPS: NT$8.98 (up from NT$6.35 in FY 2021). Revenue: NT$14.2b (up 32% from FY 2021). Net income: NT$1.05b (up 42% from FY 2021). Profit margin: 7.4% (up from 6.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. 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. 6 non-independent directors. Independent Director Kuo-Feng Lin was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$2.30 (vs NT$1.32 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.30 (up from NT$1.32 in 3Q 2021). Revenue: NT$3.81b (up 62% from 3Q 2021). Net income: NT$267.8m (up 74% from 3Q 2021). Profit margin: 7.0% (up from 6.5% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
Second quarter 2022 earnings released: EPS: NT$1.39 (vs NT$2.42 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.39 (down from NT$2.42 in 2Q 2021). Revenue: NT$2.81b (up 11% from 2Q 2021). Net income: NT$147.6m (down 48% from 2Q 2021). Profit margin: 5.3% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 25
Upcoming dividend of NT$2.60 per share Eligible shareholders must have bought the stock before 01 August 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (6.4%). Reported Earnings • May 08
First quarter 2022 earnings released: EPS: NT$1.37 (vs NT$1.10 in 1Q 2021) First quarter 2022 results: EPS: NT$1.37 (up from NT$1.10 in 1Q 2021). Revenue: NT$2.19b (down 17% from 1Q 2021). Net income: NT$144.8m (up 24% from 1Q 2021). Profit margin: 6.6% (up from 4.4% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year. 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. 6 non-independent directors. Independent Director Kuo-Feng Lin was the last independent director to join the board, commencing their role in 2020. 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$6.98 (vs NT$5.91 in FY 2020) Full year 2021 results: EPS: NT$6.98 (up from NT$5.91 in FY 2020). Revenue: NT$10.8b (down 24% from FY 2020). Net income: NT$740.5m (up 18% from FY 2020). Profit margin: 6.9% (up from 4.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS NT$1.45 (vs NT$1.19 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$2.36b (down 31% from 3Q 2020). Net income: NT$154.1m (up 22% from 3Q 2020). Profit margin: 6.5% (up from 3.7% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 26% per year. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$2.66 (vs NT$2.10 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: NT$2.53b (down 37% from 2Q 2020). Net income: NT$282.5m (up 27% from 2Q 2020). Profit margin: 11% (up from 5.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 26% per year. Upcoming Dividend • Aug 02
Upcoming dividend of NT$3.60 per share Eligible shareholders must have bought the stock before 09 August 2021. Payment date: 03 September 2021. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (4.8%). Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$1.10 (vs NT$0.81 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$2.65b (down 4.6% from 1Q 2020). Net income: NT$117.0m (up 35% from 1Q 2020). Profit margin: 4.4% (up from 3.1% in 1Q 2020). 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 25% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$5.91 (vs NT$3.79 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$14.1b (up 23% from FY 2019). Net income: NT$626.4m (up 56% from FY 2019). Profit margin: 4.4% (up from 3.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 09
New 90-day high: NT$49.45 The company is up 3.0% from its price of NT$48.20 on 09 December 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 5.0% over the same period. Annuncio • Jan 28
Kedge Construction Co., Ltd. Announce the Change of the Company's Chief Internal Auditor Kedge Construction Co., Ltd. announced the resume of the previous position holder:
Zhao-Ming,Chen/assistant manager of audit office. Resume of the new position holder: Bo-Zhen,Fan Jiang/senior manager of audit office. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.19 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.43b (up 21% from 3Q 2019). Net income: NT$126.2m (up 32% from 3Q 2019). Profit margin: 3.7% (up from 3.4% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. 
