Reported Earnings • May 06
First quarter 2026 earnings released: EPS: NT$0.17 (vs NT$0.42 in 1Q 2025) First quarter 2026 results: EPS: NT$0.17 (down from NT$0.42 in 1Q 2025). Revenue: NT$10.4b (down 8.8% from 1Q 2025). Net income: NT$263.3m (down 61% from 1Q 2025). Profit margin: 2.5% (down from 5.8% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annuncio • Mar 05
Ton Yi Industrial Corp., Annual General Meeting, May 29, 2026 Ton Yi Industrial Corp., Annual General Meeting, May 29, 2026. Location: no,837, chung cheng n. rd., yongkang district, tainan city Taiwan Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: NT$1.36 (vs NT$0.97 in FY 2024) Full year 2025 results: EPS: NT$1.36 (up from NT$0.97 in FY 2024). Revenue: NT$45.6b (up 1.7% from FY 2024). Net income: NT$2.15b (up 40% from FY 2024). Profit margin: 4.7% (up from 3.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$0.36 (vs NT$0.29 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.36 (up from NT$0.29 in 3Q 2024). Revenue: NT$11.7b (down 6.0% from 3Q 2024). Net income: NT$574.9m (up 26% from 3Q 2024). Profit margin: 4.9% (up from 3.7% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Nov 05
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.33 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.34 (up from NT$0.33 in 2Q 2024). Revenue: NT$12.8b (up 10.0% from 2Q 2024). Net income: NT$533.3m (up 2.2% from 2Q 2024). Profit margin: 4.2% (down from 4.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 12
Upcoming dividend of NT$0.97 per share Eligible shareholders must have bought the stock before 18 July 2025. Payment date: 20 August 2025. Payout ratio is a comfortable 75% and the cash payout ratio is 86%. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.3%). Declared Dividend • Jun 28
Dividend increased to NT$0.97 Dividend of NT$0.97 is 223% higher than last year. Ex-date: 18th July 2025 Payment date: 20th August 2025 Dividend yield will be 4.9%, which is lower than the industry average of 5.2%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 45% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.42 (vs NT$0.097 in 1Q 2024) First quarter 2025 results: EPS: NT$0.42 (up from NT$0.097 in 1Q 2024). Revenue: NT$11.5b (up 22% from 1Q 2024). Net income: NT$667.9m (up 336% from 1Q 2024). Profit margin: 5.8% (up from 1.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annuncio • Apr 27
Ton Yi Industrial Corp. to Report Q1, 2025 Results on May 06, 2025 Ton Yi Industrial Corp. announced that they will report Q1, 2025 results on May 06, 2025 Reported Earnings • Mar 07
Full year 2024 earnings released: EPS: NT$0.97 (vs NT$0.43 in FY 2023) Full year 2024 results: EPS: NT$0.97 (up from NT$0.43 in FY 2023). Revenue: NT$44.9b (up 27% from FY 2023). Net income: NT$1.53b (up 125% from FY 2023). Profit margin: 3.4% (up from 1.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annuncio • Mar 05
Ton Yi Industrial Corp., Annual General Meeting, Jun 18, 2025 Ton Yi Industrial Corp., Annual General Meeting, Jun 18, 2025. Location: no,837, chung cheng n. rd., yongkang district, tainan city Taiwan Annuncio • Feb 22
Ton Yi Industrial Corp. to Report Fiscal Year 2024 Results on Mar 04, 2025 Ton Yi Industrial Corp. announced that they will report fiscal year 2024 results on Mar 04, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: NT$0.29 (vs NT$0.059 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.29 (up from NT$0.059 in 3Q 2023). Revenue: NT$12.5b (up 47% from 3Q 2023). Net income: NT$457.7m (up 393% from 3Q 2023). Profit margin: 3.7% (up from 1.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Oct 26
Ton Yi Industrial Corp. to Report Q3, 2024 Results on Nov 05, 2024 Ton Yi Industrial Corp. announced that they will report Q3, 2024 results on Nov 05, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: NT$0.33 (vs NT$0.23 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.33 (up from NT$0.23 in 2Q 2023). Revenue: NT$11.6b (up 18% from 2Q 2023). Net income: NT$522.0m (up 45% from 2Q 2023). Profit margin: 4.5% (up from 3.6% 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 29% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Jul 30
Ton Yi Industrial Corp. to Report Q2, 2024 Results on Aug 06, 2024 Ton Yi Industrial Corp. announced that they will report Q2, 2024 results on Aug 06, 2024 Upcoming Dividend • Jul 08
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 12 July 2024. Payment date: 12 August 2024. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.8%). Declared Dividend • Jun 24
Dividend reduced to NT$0.30 Dividend of NT$0.30 is 80% lower than last year. Ex-date: 12th July 2024 Payment date: 12th August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 5.2%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (130% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 1.4% to shift the payout ratio to a potentially unsustainable range, which is less than the 19% EPS decline seen over the last 5 years. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.19 in 1Q 2023) First quarter 2024 results: EPS: NT$0.10 (down from NT$0.19 in 1Q 2023). Revenue: NT$9.37b (up 5.2% from 1Q 2023). Net income: NT$153.1m (down 49% from 1Q 2023). Profit margin: 1.6% (down from 3.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annuncio • Apr 28
Ton Yi Industrial Corp. to Report Q1, 2024 Results on May 07, 2024 Ton Yi Industrial Corp. announced that they will report Q1, 2024 results on May 07, 2024 Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: NT$0.43 (vs NT$1.42 in FY 2022) Full year 2023 results: EPS: NT$0.43 (down from NT$1.42 in FY 2022). Revenue: NT$35.2b (down 19% from FY 2022). Net income: NT$681.2m (down 70% from FY 2022). Profit margin: 1.9% (down from 5.2% 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 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$0.06 (vs NT$0.48 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.06 (down from NT$0.48 in 3Q 2022). Revenue: NT$8.48b (down 28% from 3Q 2022). Net income: NT$92.9m (down 88% from 3Q 2022). Profit margin: 1.1% (down from 6.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Packaging industry in Asia. 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 13% per year. New Risk • Aug 10
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: 3.6% Last year net profit margin: 5.9% 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: Minor Risks Dividend is not well covered by earnings (165% payout ratio). Profit margins are more than 30% lower than last year (3.6% net profit margin). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$0.23 (vs NT$0.55 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.23 (down from NT$0.55 in 2Q 2022). Revenue: NT$9.89b (down 18% from 2Q 2022). Net income: NT$360.1m (down 59% from 2Q 2022). Profit margin: 3.6% (down from 7.2% 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 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be NT$23.24, 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. Earnings per share has grown by 49%. Upcoming Dividend • Jun 29
Upcoming dividend of NT$1.48 per share at 7.5% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 04 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (5.1%). Annuncio • Jun 16
Ton Yi Industrial Corp. Approves Dividend for Year 2022 Ton Yi Industrial Corp. at its regular shareholders meeting held on June 15, 2023 approved adoption of the proposal for distribution of 2022 profits,Cash dividend of TWD 1.48 per share. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: NT$1.42 (vs NT$1.17 in FY 2021) Full year 2022 results: EPS: NT$1.42 (up from NT$1.17 in FY 2021). Revenue: NT$43.5b (up 3.8% from FY 2021). Net income: NT$2.25b (up 21% from FY 2021). Profit margin: 5.2% (up from 4.4% 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 58% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: NT$0.48 (vs NT$0.44 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.48 (up from NT$0.44 in 3Q 2021). Revenue: NT$11.8b (up 1.4% from 3Q 2021). Net income: NT$761.0m (up 8.6% from 3Q 2021). Profit margin: 6.4% (up from 6.0% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 61% 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 10
Second quarter 2022 earnings released: EPS: NT$0.55 (vs NT$0.29 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.55 (up from NT$0.29 in 2Q 2021). Revenue: NT$12.1b (up 15% from 2Q 2021). Net income: NT$874.2m (up 87% from 2Q 2021). Profit margin: 7.2% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 23
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 27 July 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (6.4%). In line with average of industry peers (6.1%). Annuncio • Jun 15
Ton Yi Industrial Corp. Announces Remuneration Committee Changes Ton Yi Industrial Corp. appointed Lih-Chyun Shu/Professor, Department of Accountancy and Graduate Institute of Finance¡FNCKU. Yi-Chang Lin/Auditor of PricewaterhouseCoopers Taiwan. Huey-Cherng Tsai/Accistant Professor, Department of Finance,STUST to Remuneration Committee in place of Ming-Long Wang/Former Deputy Dean of Management School, National Cheng Kung University. Chin-Chen Chien/Former head of Accounting Department, National Cheng Kung University and Bing-Eng Wu/Former Professor of Business Management, Fu Jen University. Effective date of the new member of June 13, 2022. Buying Opportunity • Jun 13
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be NT$20.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 35%. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.39 (vs NT$0.12 in 1Q 2021) First quarter 2022 results: EPS: NT$0.39 (up from NT$0.12 in 1Q 2021). Revenue: NT$10.4b (up 28% from 1Q 2021). Net income: NT$621.3m (up 234% from 1Q 2021). Profit margin: 6.0% (up from 2.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 27
Now 21% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be NT$19.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 14%. Annuncio • Mar 10
Ton Yi Industrial Corp. Proposes Cash Dividend for Year Ended December 31, 2021 Ton Yi Industrial Corp. announced that the board of directors proposed cash dividend of TWD 1.00 per share or total amount of cash distributed to shareholders of TWD 1,579,145,342 for year ended December 31, 2021. Reported Earnings • Mar 10
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$1.17 (up from NT$0.58 in FY 2020). Revenue: NT$41.9b (up 40% from FY 2020). Net income: NT$1.85b (up 101% from FY 2020). Profit margin: 4.4% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS NT$0.44 (vs NT$0.38 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$11.7b (up 29% from 3Q 2020). Net income: NT$700.9m (up 16% from 3Q 2020). Profit margin: 6.0% (down from 6.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Upcoming Dividend • Aug 19
Upcoming dividend of NT$0.53 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 24 September 2021. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.7%). Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$0.30 (vs NT$0.22 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$10.6b (up 36% from 2Q 2020). Net income: NT$466.5m (up 35% from 2Q 2020). Profit margin: 4.4% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • May 13
First quarter 2021 earnings released: EPS NT$0.12 (vs NT$0.057 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$8.16b (up 32% from 1Q 2020). Net income: NT$185.8m (up NT$276.0m from 1Q 2020). Profit margin: 2.3% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 19% share price gain to NT$15.70, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 14x in the Packaging industry in Taiwan. Total returns to shareholders of 31% over the past three years. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS NT$0.58 (vs NT$0.34 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$29.9b (down 8.0% from FY 2019). Net income: NT$921.3m (up 72% from FY 2019). Profit margin: 3.1% (up from 1.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 21
New 90-day high: NT$12.30 The company is up 14% from its price of NT$10.80 on 22 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is flat over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: NT$11.20 The company is up 22% from its price of NT$9.18 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 11% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.38 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$9.08b (up 3.4% from 3Q 2019). Net income: NT$602.6m (up NT$521.4m from 3Q 2019). Profit margin: 6.6% (up from 0.9% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.