Reported Earnings • May 12
First quarter 2026 earnings released First quarter 2026 results: EPS: NT$0.32. Revenue: NT$3.65b (up 12% from 1Q 2025). Net income: NT$58.5m (up NT$58.9m from 1Q 2025). Profit margin: 1.6% (up from 0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 17
Full year 2025 earnings released: NT$2.37 loss per share (vs NT$1.17 profit in FY 2024) Full year 2025 results: NT$2.37 loss per share (down from NT$1.17 profit in FY 2024). Revenue: NT$15.0b (down 8.4% from FY 2024). Net loss: NT$437.0m (down 302% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Annuncio • Mar 16
Chain Chon Industrial Co., Ltd., Annual General Meeting, Jun 24, 2026 Chain Chon Industrial Co., Ltd., Annual General Meeting, Jun 24, 2026. Location: no,178, ta kuan rd., dayuan dist., taoyuan city Taiwan Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.54 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.11 (up from NT$0.54 loss in 3Q 2024). Revenue: NT$3.86b (down 6.0% from 3Q 2024). Net income: NT$19.7m (up NT$120.2m from 3Q 2024). Profit margin: 0.5% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Second quarter 2025 earnings released: NT$1.78 loss per share (vs NT$0.67 profit in 2Q 2024) Second quarter 2025 results: NT$1.78 loss per share (down from NT$0.67 profit in 2Q 2024). Revenue: NT$3.83b (down 11% from 2Q 2024). Net loss: NT$328.8m (down 365% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 11
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 18 July 2025. Payment date: 07 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.9%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.4%). Annuncio • May 30
Chain Chon Industrial Co., Ltd. (TPEX:5014) agreed to acquire Long-Diann Marine Boi Tech. Co., Led. from its shareholders for TND 50.5 million. Chain Chon Industrial Co., Ltd. (TPEX:5014) agreed to acquire Long-Diann Marine Boi Tech. Co., Led. from its shareholders for TND 50.5 million on May 29, 2025. Chain Chon Industrial Co., Ltd. will use it's own funds to fund the consideration.
The expected completion of the transaction is June 26, 2025.
CHEN, CIH-JIAN of Sun Rising Certified Public Accountants acted as accountant for Chain Chon Industrial Co., Ltd. Reported Earnings • May 09
First quarter 2025 earnings released: NT$0.002 loss per share (vs NT$0.56 profit in 1Q 2024) First quarter 2025 results: NT$0.002 loss per share (down from NT$0.56 profit in 1Q 2024). Revenue: NT$3.26b (down 2.2% from 1Q 2024). Net loss: NT$382.0k (down 100% from profit in 1Q 2024). Profit margin: 0% (down from 3.1% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Annuncio • May 01
Chain Chon Industrial Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 Chain Chon Industrial Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$12.10, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 33% over the past three years. New Risk • Mar 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 272% Paying a dividend despite having no free cash flows. Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.78b market cap, or US$84.0m). Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$1.17 (vs NT$0.14 in FY 2023) Full year 2024 results: EPS: NT$1.17 (up from NT$0.14 in FY 2023). Revenue: NT$16.3b (up 4.6% from FY 2023). Net income: NT$216.0m (up NT$190.3m from FY 2023). Profit margin: 1.3% (up from 0.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Annuncio • Mar 13
Chain Chon Industrial Co., Ltd., Annual General Meeting, Jun 25, 2025 Chain Chon Industrial Co., Ltd., Annual General Meeting, Jun 25, 2025. Location: no,178, ta kuan rd., dayuan dist., taoyuan city Taiwan Annuncio • Mar 05
Chain Chon Industrial Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 Chain Chon Industrial Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 Buy Or Sell Opportunity • Jan 14
Now 22% overvalued Over the last 90 days, the stock has fallen 26% to NT$13.60. The fair value is estimated to be NT$11.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Earnings per share has declined by 67%. New Risk • Dec 03
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 Risks Debt is not well covered by operating cash flow (1.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 272% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.72b market cap, or US$83.1m). Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.54 loss per share (vs NT$0.42 profit in 3Q 2023) Third quarter 2024 results: NT$0.54 loss per share (down from NT$0.42 profit in 3Q 2023). Revenue: NT$4.11b (up 6.3% from 3Q 2023). Net loss: NT$100.5m (down 230% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$15.45, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 14% over the past three years. New Risk • Nov 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.17b market cap, or US$97.6m). Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$19.85, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 20x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 18% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.67 (vs NT$0.067 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.67 (up from NT$0.067 in 2Q 2023). Revenue: NT$4.28b (up 4.6% from 2Q 2023). Net income: NT$124.1m (up NT$111.6m from 2Q 2023). Profit margin: 2.9% (up from 0.3% 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 57% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 08
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 30 August 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.9%). Annuncio • Aug 03
Chain Chon Industrial Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Chain Chon Industrial Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 New Risk • Jun 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Dividend is not well covered by earnings (138% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.10b market cap, or US$95.5m). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.56 (vs NT$0.03 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.56 (up from NT$0.03 loss in 1Q 2023). Revenue: NT$3.34b (down 9.5% from 1Q 2023). Net income: NT$103.1m (up NT$108.7m from 1Q 2023). Profit margin: 3.1% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. 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 1% per year, which means it is well ahead of earnings. Annuncio • May 03
Chain Chon Industrial Co., Ltd. to Report Q1, 2024 Results on May 07, 2024 Chain Chon Industrial Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024 Annuncio • Apr 11
Chain Chon Industrial Co., Ltd., Annual General Meeting, Jun 26, 2024 Chain Chon Industrial Co., Ltd., Annual General Meeting, Jun 26, 2024. New Risk • Mar 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% 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 Risks Interest payments are not well covered by earnings (2.1x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 292% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (NT$2.39b market cap, or US$74.7m). Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: NT$0.14 (vs NT$2.04 in FY 2022) Full year 2023 results: EPS: NT$0.14 (down from NT$2.04 in FY 2022). Revenue: NT$15.6b (down 18% from FY 2022). Net income: NT$25.7m (down 93% from FY 2022). Profit margin: 0.2% (down from 2.0% 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 34% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Aug 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Dividend is not well covered by earnings (113% payout ratio). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$2.49b market cap, or US$78.2m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.07 (vs NT$0.35 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.07 (down from NT$0.35 in 2Q 2022). Revenue: NT$4.09b (down 26% from 2Q 2022). Net income: NT$12.5m (down 81% from 2Q 2022). Profit margin: 0.3% (down from 1.2% 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 14% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Jul 21
Upcoming dividend of NT$0.80 per share at 5.3% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 25 August 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%). Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: NT$2.04 (vs NT$3.14 in FY 2021) Full year 2022 results: EPS: NT$2.04 (down from NT$3.14 in FY 2021). Revenue: NT$19.1b (up 2.8% from FY 2021). Net income: NT$376.7m (down 28% from FY 2021). Profit margin: 2.0% (down from 2.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.83 (vs NT$1.29 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.83 (down from NT$1.29 in 3Q 2021). Revenue: NT$5.15b (up 2.0% from 3Q 2021). Net income: NT$153.7m (down 28% from 3Q 2021). Profit margin: 3.0% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% 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 • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.83 (vs NT$1.29 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.83 (down from NT$1.29 in 3Q 2021). Revenue: NT$5.15b (up 2.0% from 3Q 2021). Net income: NT$153.7m (down 28% from 3Q 2021). Profit margin: 3.0% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$12.15, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 8x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$13.50, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 8x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 67% over the past three years. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: NT$0.35 (vs NT$0.81 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.35 (down from NT$0.81 in 2Q 2021). Revenue: NT$5.56b (up 18% from 2Q 2021). Net income: NT$65.7m (down 51% from 2Q 2021). Profit margin: 1.2% (down from 2.9% 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 95% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 21
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 26 August 2022. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (8.7%). Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$1.05 (up from NT$0.27 in 1Q 2021). Revenue: NT$4.32b (up 21% from 1Q 2021). Net income: NT$191.1m (up 335% from 1Q 2021). Profit margin: 4.4% (up from 1.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 69%. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 17% share price gain to NT$24.20, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 184% over the past three years. Annuncio • Apr 07
Chain Chon Industrial Co., Ltd., Annual General Meeting, Jun 22, 2022 Chain Chon Industrial Co., Ltd., Annual General Meeting, Jun 22, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.29 (vs NT$1.24 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$5.05b (up 30% from 3Q 2020). Net income: NT$213.0m (up 3.9% from 3Q 2020). Profit margin: 4.2% (down from 5.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$20.70, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 95% over the past three years. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$0.81 (vs NT$0.022 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.70b (up 49% from 2Q 2020). Net income: NT$134.5m (up NT$138.1m from 2Q 2020). Profit margin: 2.9% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to NT$28.20, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 31x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 149% over the past three years. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 20% share price gain to NT$21.30, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 25x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 76% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$15.40, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 18% share price gain to NT$22.05, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 31x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 78% over the past three years. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$1.07 (vs NT$0.093 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$14.3b (down 15% from FY 2019). Net income: NT$177.2m (up NT$161.8m from FY 2019). Profit margin: 1.2% (up from 0.1% 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 10% per year and the company’s share price has also increased by 10% per year. Is New 90 Day High Low • Jan 29
New 90-day high: NT$17.25 The company is up 90% from its price of NT$9.06 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 12% over the same period. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 17% share price gain to NT$15.45, the stock is trading at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 16.6x. This compares to an average P/E of 22x in the Metals and Mining industry in Taiwan. Total return to shareholders over the past three years is a loss of 6.1%. Is New 90 Day High Low • Dec 25
New 90-day high: NT$16.20 The company is up 88% from its price of NT$8.60 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 17% share price gain to NT$15.10, the stock is trading at a trailing P/E ratio of 19x, up from the previous P/E ratio of 16.2x. This compares to an average P/E of 25x in the Metals and Mining industry in Taiwan. Total return to shareholders over the past three years is a loss of 9.3%. Is New 90 Day High Low • Dec 10
New 90-day high: NT$14.10 The company is up 47% from its price of NT$9.59 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.24 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$3.89b (down 8.7% from 3Q 2019). Net income: NT$204.9m (up 110% from 3Q 2019). Profit margin: 5.3% (up from 2.3% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 65% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 13
New 90-day high: NT$10.60 The company is up 33% from its price of NT$8.00 on 14 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 16% share price gain to NT$10.60, the stock is trading at a trailing P/E ratio of 72.8x, up from the previous P/E ratio of 62.6x. This compares to an average P/E of 24x in the Metals and Mining industry in Taiwan. Total return to shareholders over the past three years is a loss of 36%.