Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: NT$0.65 (vs NT$1.07 in 1Q 2025) First quarter 2026 results: EPS: NT$0.65 (down from NT$1.07 in 1Q 2025). Revenue: NT$697.9m (down 13% from 1Q 2025). Net income: NT$57.5m (down 40% from 1Q 2025). Profit margin: 8.2% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annuncio • Mar 11
Ya Horng Electronic Co., Ltd., Annual General Meeting, Jun 12, 2026 Ya Horng Electronic Co., Ltd., Annual General Meeting, Jun 12, 2026, at 09:00 Taipei Standard Time. Location: no,35, sha lun, anding district, tainan city Taiwan Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$3.71 (vs NT$4.68 in FY 2024) Full year 2025 results: EPS: NT$3.71 (down from NT$4.68 in FY 2024). Revenue: NT$3.33b (flat on FY 2024). Net income: NT$331.2m (down 21% from FY 2024). Profit margin: 10.0% (down from 13% in FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: NT$1.05 (vs NT$1.23 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.05 (down from NT$1.23 in 3Q 2024). Revenue: NT$884.5m (down 4.5% from 3Q 2024). Net income: NT$93.7m (down 14% from 3Q 2024). Profit margin: 11% (down from 12% 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 10% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: NT$0.94 (vs NT$1.31 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.94 (down from NT$1.31 in 2Q 2024). Revenue: NT$902.3m (up 7.3% from 2Q 2024). Net income: NT$84.1m (down 28% from 2Q 2024). Profit margin: 9.3% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Jul 28
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 04 August 2025. Payment date: 29 August 2025. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.6%). Annuncio • Jun 20
Ya Horng Electronic Co., Ltd. Announces Cash Dividend, Payable on August 29, 2025 Ya Horng Electronic Co., Ltd. announced common stock dividend distribution of TWD 356,800,000 TWD 4 per share cash dividend. Ex-rights (ex-dividend) trading date is August 4, 2025. Ex-rights (ex-dividend) record date is August 10, 2025. Payment date of common stock cash dividend distribution is August 29, 2025. Declared Dividend • Jun 20
Dividend increased to NT$4.00 Dividend of NT$4.00 is 2.6% higher than last year. Ex-date: 4th August 2025 Payment date: 29th August 2025 Dividend yield will be 6.6%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not covered by cash flows (147% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Dividend is not well covered by cash flows (147% cash payout ratio). Annuncio • Apr 23
Ya Horng Electronic Co., Ltd. to Report Q1, 2025 Final Results on Apr 29, 2025 Ya Horng Electronic Co., Ltd. announced that they will report Q1, 2025 final results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$51.00, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 13x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 43% over the past three years. Annuncio • Feb 27
Ya Horng Electronic Co., Ltd., Annual General Meeting, Jun 10, 2025 Ya Horng Electronic Co., Ltd., Annual General Meeting, Jun 10, 2025, at 09:00 Taipei Standard Time. Location: no,35, sha lun, anding district, tainan city Taiwan Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: NT$4.68 (vs NT$4.64 in FY 2023) Full year 2024 results: EPS: NT$4.68 (up from NT$4.64 in FY 2023). Revenue: NT$3.32b (down 2.6% from FY 2023). Net income: NT$417.7m (up 1.0% from FY 2023). Profit margin: 13% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Annuncio • Feb 26
Ya Horng Electronic Co., Ltd. Approves Cash Dividends for the Period from January 1, 2024 to December 31, 2024 The board of directors of Ya Horng Electronic Co., Ltd. approved appropriations of earnings in cash dividends to shareholders: TWD 4 per share for the period from January 1, 2024 to December 31, 2024. Total amount of cash distributed to shareholders: TWD 356,800,000. Annuncio • Feb 15
Ya Horng Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Feb 25, 2025 Ya Horng Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Feb 25, 2025 Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: NT$1.23 (vs NT$1.52 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.23 (down from NT$1.52 in 3Q 2023). Revenue: NT$925.8m (down 2.7% from 3Q 2023). Net income: NT$109.3m (down 19% from 3Q 2023). Profit margin: 12% (down from 14% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Annuncio • Oct 25
Ya Horng Electronic Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024 Ya Horng Electronic Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024 Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: NT$1.31 (vs NT$1.25 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.31 (up from NT$1.25 in 2Q 2023). Revenue: NT$841.0m (up 4.8% from 2Q 2023). Net income: NT$117.2m (up 4.8% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$53.10, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 17x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 43% over the past three years. Annuncio • Jul 31
Ya Horng Electronic Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024 Ya Horng Electronic Co., Ltd. announced that they will report Q2, 2024 results on Aug 06, 2024 Upcoming Dividend • Jul 25
Upcoming dividend of NT$3.90 per share Eligible shareholders must have bought the stock before 01 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (3.3%). Declared Dividend • Jun 20
Dividend increased to NT$3.90 Dividend of NT$3.90 is 30% higher than last year. Ex-date: 1st August 2024 Payment date: 30th August 2024 Dividend yield will be 6.1%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Jun 19
Ya Horng Electronic Co., Ltd. Announces Cash Dividend, Payable on August 30, 2024 The board of directors of Ya Horng Electronic Co., Ltd. announced cash dividend of TWD 347,880,000 (TWD 3.9 per share) on common stock. Ex-rights (Ex-dividend) trading date: August 1, 2024. Ex-rights (Ex-dividend) record date: August 9, 2024. Payment date of common stock cash dividend distribution: August 30, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 18, 2024. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: NT$0.68 (vs NT$0.71 in 1Q 2023) First quarter 2024 results: EPS: NT$0.68 (down from NT$0.71 in 1Q 2023). Revenue: NT$606.1m (down 11% from 1Q 2023). Net income: NT$60.7m (down 4.1% from 1Q 2023). Profit margin: 10.0% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: NT$4.63 (vs NT$3.72 in FY 2022) Full year 2023 results: EPS: NT$4.63 (up from NT$3.72 in FY 2022). Revenue: NT$3.41b (up 13% from FY 2022). Net income: NT$413.4m (up 25% from FY 2022). Profit margin: 12% (up from 11% 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 6% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$1.25 (vs NT$0.78 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.25 (up from NT$0.78 in 2Q 2022). Revenue: NT$802.2m (up 14% from 2Q 2022). Net income: NT$111.9m (up 62% from 2Q 2022). Profit margin: 14% (up from 9.8% 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 9% per year whereas the company’s share price has increased by 11% per year. Upcoming Dividend • Jul 27
Upcoming dividend of NT$3.00 per share at 6.1% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 31 August 2023. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.1%). Annuncio • Jun 16
Ya Horng Electronic Co., Ltd. Announces Cash Dividend, Payable on August 31, 2023 Ya Horng Electronic Co., Ltd. announced cash dividend of TWD 3 per share out of the total amount of cash distributed to shareholders of TWD 267,600,000. With an ex-dividend date of August 3, 2023, record date of August 10, 2023 and payment date of August 31, 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: NT$0.71 (vs NT$0.90 in 1Q 2022) First quarter 2023 results: EPS: NT$0.71 (down from NT$0.90 in 1Q 2022). Revenue: NT$680.3m (down 4.4% from 1Q 2022). Net income: NT$63.4m (down 21% from 1Q 2022). Profit margin: 9.3% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: NT$3.72 (vs NT$3.38 in FY 2021) Full year 2022 results: EPS: NT$3.72 (up from NT$3.38 in FY 2021). Revenue: NT$3.01b (down 23% from FY 2021). Net income: NT$332.1m (up 10% from FY 2021). Profit margin: 11% (up from 7.7% 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 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$1.10 (vs NT$1.26 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.10 (down from NT$1.26 in 3Q 2021). Revenue: NT$754.1m (down 29% from 3Q 2021). Net income: NT$97.8m (down 13% from 3Q 2021). Profit margin: 13% (up from 11% 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 9% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: NT$0.78 (vs NT$0.59 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.78 (up from NT$0.59 in 2Q 2021). Revenue: NT$703.1m (down 22% from 2Q 2021). Net income: NT$69.2m (up 31% from 2Q 2021). Profit margin: 9.8% (up from 5.8% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Jul 28
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 31 August 2022. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.9%). Annuncio • Jun 10
Ya Horng Electronic Co., Ltd. Announces Cash Dividend, Payable on August 31, 2022 Ya Horng Electronic Co., Ltd. announced cash dividend of TWD 3 per share out of the total amount of cash distributed to shareholders of TWD 267,600,000. With an ex-dividend date of August 4, 2022, record date of August 11, 2022 and payment date of August 31, 2022. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: NT$0.90 (vs NT$0.89 in 1Q 2021) First quarter 2022 results: EPS: NT$0.90 (up from NT$0.89 in 1Q 2021). Revenue: NT$711.3m (down 31% from 1Q 2021). Net income: NT$79.9m (flat on 1Q 2021). Profit margin: 11% (up from 7.7% 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 5% per year whereas the company’s share price has increased by 8% per year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annuncio • Feb 24
Ya Horng Electronic Co., Ltd. Declares Dividend Distribution for the Year Ended December 31, 2021 Ya Horng Electronic Co., Ltd. declared dividend of TWD 3.00 per share out of the total amount of cash distributed to shareholders of TWD 267,600,000, for the year ended December 31, 2021. Per value of common stock is TWD 10. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$3.38 (up from NT$3.35 in FY 2020). Revenue: NT$3.92b (up 12% from FY 2020). Net income: NT$301.5m (flat on FY 2020). Profit margin: 7.7% (down from 8.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year. Annuncio • Feb 24
Ya Horng Electronic Co., Ltd., Annual General Meeting, Jun 09, 2022 Ya Horng Electronic Co., Ltd., Annual General Meeting, Jun 09, 2022. Agenda: To consider Adoption of the 2021 Business Report and Financial Statements; to consider adoption of the Proposal for Distribution of 2021 Profits; to consider Amendment to the Articles of Association; and to consider other matters. Reported Earnings • Nov 08
Third quarter 2021 earnings released: EPS NT$1.26 (vs NT$1.42 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$1.07b (down 4.8% from 3Q 2020). Net income: NT$112.3m (down 11% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.59 (vs NT$0.77 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$903.8m (up 18% from 2Q 2020). Net income: NT$52.8m (down 23% from 2Q 2020). Profit margin: 5.8% (down from 9.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 28
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 04 August 2021. Payment date: 31 August 2021. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.5%). Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS NT$0.89 (vs NT$0.19 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.03b (up 86% from 1Q 2020). Net income: NT$79.4m (up 378% from 1Q 2020). Profit margin: 7.7% (up from 3.0% 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 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS NT$3.35 (vs NT$2.69 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.51b (up 8.5% from FY 2019). Net income: NT$298.7m (up 25% from FY 2019). Profit margin: 8.5% (up from 7.4% 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 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 06
Ya Horng Electronic Co., Ltd., Annual General Meeting, Jun 10, 2021 Ya Horng Electronic Co., Ltd., Annual General Meeting, Jun 10, 2021. Location: No.35,Shalun, Anding Dist., Tainan City Taiwan Agenda: To consider the 2020 business report; to consider the audit committee review report on the 2020 financial statements; to consider the employees bonus and directors compensation from 2020 profits; to consider the distribution of 2020 Profits; to amendment to the guidelines for the adoption of ethical conduct; to adoption of the 2020 business report and financial statements; to adoption of the proposal for distribution of 2020 profits; to consider the amendment to the procedures for election of directors; and to consider the other matters. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 26% share price gain to NT$51.90, the stock is trading at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 17x in the Consumer Durables industry in Taiwan. Total returns to shareholders over the past three years are 105%. Is New 90 Day High Low • Feb 19
New 90-day high: NT$47.20 The company is up 33% from its price of NT$35.50 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 17% share price gain to NT$44.45, the stock is trading at a trailing P/E ratio of 16.6x, up from the previous P/E ratio of 14.2x. This compares to an average P/E of 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders over the past three years are 87%. Is New 90 Day High Low • Jan 11
New 90-day high: NT$40.10 The company is up 16% from its price of NT$34.55 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: NT$38.65 The company is up 12% from its price of NT$34.50 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: NT$35.85 The company is up 6.0% from its price of NT$33.70 on 25 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is up 4.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS NT$1.42 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.12b (up 31% from 3Q 2019). Net income: NT$126.8m (up 61% from 3Q 2019). Profit margin: 11% (up from 9.2% 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 4% per year whereas the company’s share price has increased by 6% per year. Is New 90 Day High Low • Nov 03
New 90-day high: NT$34.95 The company is up 5.0% from its price of NT$33.30 on 05 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Consumer Durables industry, which is also up 5.0% over the same period.