Annuncio • Mar 30
Kanpai Co., Ltd, Annual General Meeting, Jun 26, 2026 Kanpai Co., Ltd, Annual General Meeting, Jun 26, 2026. Location: b1 floor no,88, sec.2 chung hsiao e. rd., jhongjheng district, taipei city Taiwan New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite being loss-making. Market cap is less than US$100m (NT$1.41b market cap, or US$44.8m). New Risk • Dec 22
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 6.3% 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 Earnings have declined by 22% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$1.30b market cap, or US$41.2m). Upcoming Dividend • Jul 28
Upcoming dividend of NT$1.51 per share Eligible shareholders must have bought the stock before 04 August 2025. Payment date: 27 August 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.6%). New Risk • May 06
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: 0.4% Last year net profit margin: 1.5% 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 16% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$1.39b market cap, or US$46.3m). Buy Or Sell Opportunity • May 01
Now 25% overvalued Over the last 90 days, the stock has fallen 12% to NT$68.00. The fair value is estimated to be NT$54.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 9.0%. Buy Or Sell Opportunity • Apr 10
Now 24% overvalued Over the last 90 days, the stock has fallen 14% to NT$64.70. The fair value is estimated to be NT$52.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 9.0%. Annuncio • Apr 02
Kanpai Co., Ltd, Annual General Meeting, Jun 26, 2025 Kanpai Co., Ltd, Annual General Meeting, Jun 26, 2025. Location: b1 floor no,88, sec.2 chung hsiao e. rd., jhongjheng district, taipei city Taiwan New Risk • Feb 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.62b market cap, or US$49.1m). Upcoming Dividend • Jun 20
Upcoming dividend of NT$3.01 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 17 July 2024. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.9%). New Risk • Apr 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 56% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.10b market cap, or US$64.4m). Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: NT$3.61 (vs NT$4.92 loss in FY 2022) Full year 2023 results: EPS: NT$3.61 (up from NT$4.92 loss in FY 2022). Revenue: NT$4.87b (up 29% from FY 2022). Net income: NT$74.2m (up NT$175.0m from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Annuncio • Mar 14
Kanpai Co., Ltd, Annual General Meeting, May 29, 2024 Kanpai Co., Ltd, Annual General Meeting, May 29, 2024. Buy Or Sell Opportunity • Mar 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to NT$118. The fair value is estimated to be NT$151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Feb 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.63b market cap, or US$83.0m). Buy Or Sell Opportunity • Feb 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.9% to NT$124. The fair value is estimated to be NT$155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Feb 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.9% to NT$123. The fair value is estimated to be NT$154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 13
First half 2023 earnings released: EPS: NT$2.18 (vs NT$5.59 loss in 1H 2022) First half 2023 results: EPS: NT$2.18 (up from NT$5.59 loss in 1H 2022). Revenue: NT$2.37b (up 49% from 1H 2022). Net income: NT$40.5m (up NT$144.6m from 1H 2022). Profit margin: 1.7% (up from net loss in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • Jun 14
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 6.0% 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 Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Reported Earnings • Apr 29
Full year 2022 earnings released: NT$5.42 loss per share (vs NT$3.83 profit in FY 2021) Full year 2022 results: NT$5.42 loss per share (down from NT$3.83 profit in FY 2021). Revenue: NT$3.79b (up 23% from FY 2021). Net loss: NT$100.8m (down 242% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 26
Upcoming dividend of NT$2.21 per share Eligible shareholders must have bought the stock before 02 September 2022. Payment date: 21 September 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 15
First half 2022 earnings released: NT$5.59 loss per share (vs NT$1.10 profit in 1H 2021) First half 2022 results: NT$5.59 loss per share (down from NT$1.10 profit in 1H 2021). Revenue: NT$1.59b (up 14% from 1H 2021). Net loss: NT$104.1m (down NT$124.6m from profit in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 19% share price gain to NT$123, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 27x in the Hospitality industry in Taiwan. Total returns to shareholders of 12% over the past three years. Reported Earnings • May 02
Full year 2021 earnings released: EPS: NT$3.83 (vs NT$5.35 in FY 2020) Full year 2021 results: EPS: NT$3.83 (down from NT$5.35 in FY 2020). Revenue: NT$3.08b (up 9.6% from FY 2020). Net income: NT$71.3m (down 28% from FY 2020). Profit margin: 2.3% (down from 3.5% in FY 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 fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 19% share price gain to NT$165, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 20x in the Hospitality industry in Taiwan. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 19% share price gain to NT$165, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 20x in the Hospitality industry in Taiwan. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 15% share price gain to NT$141, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 20x in the Hospitality industry in Taiwan. Total returns to shareholders of 11% over the past three years. Upcoming Dividend • Aug 23
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 23 September 2021. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.3%). Reported Earnings • Aug 18
First half 2021 earnings released: EPS NT$1.10 (vs NT$1.92 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$1.40b (up 18% from 1H 2020). Net income: NT$20.5m (up NT$56.3m from 1H 2020). Profit margin: 1.5% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$107, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 26x in the Hospitality industry in Taiwan. Total loss to shareholders of 30% over the past three years. Is New 90 Day High Low • Mar 11
New 90-day high: NT$78.50 The company is up 4.0% from its price of NT$75.30 on 10 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 5.0% over the same period. Is New 90 Day High Low • Feb 04
New 90-day low: NT$72.00 The company is down 6.0% from its price of NT$76.50 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day low: NT$76.20 The company is down 4.0% from its price of NT$79.00 on 18 August 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 4.0% over the same period.