Reported Earnings • Aug 05
Second quarter 2026 earnings released: EPS: NT$0.66 (vs NT$0.60 in 2Q 2025) Second quarter 2026 results: EPS: NT$0.66 (up from NT$0.60 in 2Q 2025). Revenue: NT$1.66b (down 36% from 2Q 2025). Net income: NT$330.3m (up 9.8% from 2Q 2025). Profit margin: 20% (up from 12% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Jul 01
Insufficient new 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. 2 highly experienced directors. Independent Director Hung-Ta Yu was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 19
First quarter 2026 earnings released: NT$0.11 loss per share (vs NT$1.02 profit in 1Q 2025) First quarter 2026 results: NT$0.11 loss per share (down from NT$1.02 profit in 1Q 2025). Revenue: NT$10.3m (down 100% from 1Q 2025). Net loss: NT$45.7m (down 110% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 19
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.9%). Declared Dividend • Mar 04
Dividend of NT$1.50 announced Shareholders will receive a dividend of NT$1.50. Ex-date: 26th March 2026 Payment date: 15th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: NT$3.65 (vs NT$3.10 in FY 2024) Full year 2025 results: EPS: NT$3.65 (up from NT$3.10 in FY 2024). Revenue: NT$12.3b (up 130% from FY 2024). Net income: NT$1.53b (up 18% from FY 2024). Profit margin: 13% (down from 24% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Mar 03
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: 12% Last year net profit margin: 24% 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 High level of debt (45% net debt to equity). 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 (12% net profit margin). Buy Or Sell Opportunity • Jan 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to NT$27.10. The fair value is estimated to be NT$33.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 76% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 27% in a year. Earnings are forecast to decline by 13% in the next year. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: NT$1.58 (vs NT$0.26 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$1.58 (up from NT$0.26 loss in 3Q 2024). Revenue: NT$5.58b (up NT$5.56b from 3Q 2024). Net income: NT$658.4m (up NT$768.9m from 3Q 2024). Profit margin: 12% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is expected to decline by 26% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Taiwan are expected to grow by 61%. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$0.73 (vs NT$0.40 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$0.73 (up from NT$0.40 loss in 2Q 2024). Revenue: NT$2.61b (up NT$2.61b from 2Q 2024). Net income: NT$300.9m (up NT$463.5m from 2Q 2024). Profit margin: 12% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 62% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • May 15
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$1.08 (vs NT$0.10 loss in 1Q 2024) First quarter 2025 results: EPS: NT$1.08 (up from NT$0.10 loss in 1Q 2024). Revenue: NT$2.68b (up NT$2.68b from 1Q 2024). Net income: NT$444.5m (up NT$484.6m from 1Q 2024). Profit margin: 17% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Real Estate industry in Asia. 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 26% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 01
Crowell Development Corp. to Report Q1, 2025 Results on May 08, 2025 Crowell Development Corp. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$32.70, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Real Estate industry in Asia. Total returns to shareholders of 79% over the past three years. Upcoming Dividend • Mar 06
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 13 March 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (3.4%). New Risk • Feb 19
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: NT$3.26 (vs NT$0.64 in FY 2023) Full year 2024 results: EPS: NT$3.26 (up from NT$0.64 in FY 2023). Revenue: NT$5.33b (up 188% from FY 2023). Net income: NT$1.30b (up 438% from FY 2023). Profit margin: 24% (up from 13% in FY 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 increased by 26% per year, which means it is well ahead of earnings. Annuncio • Feb 14
Crowell Development Corp., Annual General Meeting, May 15, 2025 Crowell Development Corp., Annual General Meeting, May 15, 2025. Location: no,101, ch`un to rd., jhongli district, taoyuan city Taiwan Annuncio • Feb 06
Crowell Development Corp. to Report Q4, 2024 Results on Feb 13, 2025 Crowell Development Corp. announced that they will report Q4, 2024 results on Feb 13, 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 Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: NT$0.27 loss per share (further deteriorated from NT$0.095 loss in 3Q 2023). Net loss: NT$110.5m (loss widened 207% from 3Q 2023). Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 111% p.a. on average during the next 2 years, compared to a 38% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Oct 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to NT$39.20. The fair value is estimated to be NT$49.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 35% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 28
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 7.5% 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 (currently running at an operating cash loss). Revenue is less than US$1m (NT$917k revenue, or US$29k). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Aug 13
Second quarter 2024 earnings released: NT$0.42 loss per share (vs NT$0.058 loss in 2Q 2023) Second quarter 2024 results: NT$0.42 loss per share (further deteriorated from NT$0.058 loss in 2Q 2023). Net loss: NT$162.6m (loss widened NT$140.7m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Annuncio • Aug 01
Crowell Development Corp. to Report Q2, 2024 Results on Aug 08, 2024 Crowell Development Corp. announced that they will report Q2, 2024 results on Aug 08, 2024 New Risk • Jun 05
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: NT$31m (US$957k) This is considered a major risk. Companies with a small amount of revenue 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue is less than US$1m (NT$31m revenue, or US$957k). Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding). New Risk • May 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Annuncio • May 11
Crowell Development Corp. announced that it expects to receive TWD 1.2 billion in funding Crowell Development Corp. announced a private placement to issue Series 3 Secured Convertible Corporate Bond for the gross proceeds of TWD 600,000,000 and Series 4 Unsecured Convertible Corporate Bond for the gross proceeds of TWD 600,000,000; aggregate gross proceeds of TWD 1,200,000,000 on May 9, 2024. The transaction has been approved by the shareholders. The coupon rate is zero and matures after 5 years from the date of closing. Annuncio • May 10
Crowell Development Corp. Announces Changes in Accounting Director Crowell Development Corp. announced changes in the company's accounting director. Name, title, and resume of the previous position holder: HSU,LIEN CHING/CROWELL DEVELOPMENT CORP. Accounting Manager; Name, title, and resume of the new position holder: ZHANG,YA QING/CROWELL DEVELOPMENT CORP. Accounting Manager. Effective date is May 9, 2024. Annuncio • May 02
Crowell Development Corp. to Report Q1, 2024 Results on May 09, 2024 Crowell Development Corp. announced that they will report Q1, 2024 results on May 09, 2024 Upcoming Dividend • Mar 26
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 02 April 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (4.7%). Lower than average of industry peers (3.5%). Declared Dividend • Mar 07
Dividend of NT$0.50 announced Dividend of NT$0.50 is the same as last year. Ex-date: 2nd April 2024 Payment date: 6th May 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 60% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Feb 28
Crowell Development Corp., Annual General Meeting, Jun 06, 2024 Crowell Development Corp., Annual General Meeting, Jun 06, 2024. Location: No.101, Chunde Rd., Jhongli Dist., Tao Yuan City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's Review of the 2023 year-end Report; to consider Distribution of Employee and Director Remuneration for 2023; to consider Report on the Status 2023 Cash Dividends Distribution; and to consider 2024 Annual Directors Remuneration Report. Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$0.06 loss per share (vs NT$0.14 profit in 2Q 2022) Second quarter 2023 results: NT$0.06 loss per share (down from NT$0.14 profit in 2Q 2022). Revenue: NT$30.7m (down 90% from 2Q 2022). Net loss: NT$21.9m (down 144% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$24.50, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 18x in the Real Estate industry in Taiwan. Total returns to shareholders of 34% over the past three years. Upcoming Dividend • Apr 06
Upcoming dividend of NT$0.50 per share at 2.2% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 15 May 2023. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.9%). Lower than average of industry peers (5.6%). Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: NT$0.64 (vs NT$1.49 in FY 2021) Full year 2022 results: EPS: NT$0.64 (down from NT$1.49 in FY 2021). Revenue: NT$1.73b (down 46% from FY 2021). Net income: NT$238.4m (down 51% from FY 2021). Profit margin: 14% (down from 15% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 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. 4 non-independent directors. Independent Director Chi-Chun Huang 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 06
Third quarter 2022 earnings released: NT$0.03 loss per share (vs NT$0.05 profit in 3Q 2021) Third quarter 2022 results: NT$0.03 loss per share (down from NT$0.05 profit in 3Q 2021). Revenue: NT$104.0k (down 100% from 3Q 2021). Net loss: NT$9.59m (down 158% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Nov 04
Crowell Development Corp. Announces Management Changes Crowell Development Corp. appoints YANG,CHING CHUAN/CROWELL DEVELOPMENT CORP. Financial Manager as Accounting Manager in place of CHENG,HSU WEN/CROWELL DEVELOPMENT CORP. Accounting Manager, effective date is November 3, 2022. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$16.05, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total loss to shareholders of 21% over the past three years. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: NT$0.14 (vs NT$0.17 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.14 (down from NT$0.17 in 2Q 2021). Revenue: NT$317.5m (down 32% from 2Q 2021). Net income: NT$49.8m (down 13% from 2Q 2021). Profit margin: 16% (up from 12% 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 100% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 06
Crowell Development Corp. Announces Management Changes Crowell Development Corp. announced the appointment of CHENG,HSU WEN to the company's Sustainable Development Committee. Reason for the change: Due to the busyness of HSU,LIEN CHING transfer to the operation management office, CHENG,HSU WEN was appointed as the post. Effective date of this appointment is August 4, 2022. Annuncio • Aug 05
Crowell Development Corp. Announces Management Changes Crowell Development Corp. announces YANG, CHING CHUAN/CROWELL DEVELOPMENT CORP. as corporate governance manager in place of HSU,LIEN CHING/CROWELL DEVELOPMENT CORP. Effective date is August 4, 2022. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: NT$0.36 (vs NT$0.27 in 1Q 2021) First quarter 2022 results: EPS: NT$0.36 (up from NT$0.27 in 1Q 2021). Revenue: NT$818.9m (up 40% from 1Q 2021). Net income: NT$127.0m (up 41% from 1Q 2021). Profit margin: 16% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 07
Upcoming dividend of NT$0.47 per share Eligible shareholders must have bought the stock before 14 April 2022. Payment date: 16 May 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$1.49 (up from NT$0.73 loss in FY 2020). Revenue: NT$3.19b (up 172% from FY 2020). Net income: NT$490.2m (up NT$700.6m from FY 2020). Profit margin: 15% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.31 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$176.1m (up NT$176.0m from 3Q 2020). Net income: NT$16.5m (up NT$102.6m from 3Q 2020). Profit margin: 9.4% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.17 (vs NT$0.36 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$464.1m (up NT$464.0m from 2Q 2020). Net income: NT$57.5m (up NT$158.7m from 2Q 2020). Profit margin: 12% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.25 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$586.7m (up NT$586.6m from 1Q 2020). Net income: NT$90.4m (up NT$159.0m from 1Q 2020). Profit margin: 15% (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 increased by 35% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 10
Crowell Development Corp., Annual General Meeting, Jun 17, 2021 Crowell Development Corp., Annual General Meeting, Jun 17, 2021. Reported Earnings • Feb 28
Full year 2020 earnings released: NT$0.73 loss per share (vs NT$0.38 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: NT$1.17b (up NT$1.17b from FY 2019). Net loss: NT$210.5m (loss widened 123% from FY 2019). 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 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 21
New 90-day low: NT$22.85 The company is down 4.0% from its price of NT$23.90 on 23 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is flat over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: NT$23.00 The company is down 3.0% from its price of NT$23.80 on 16 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: NT$25.00 The company is up 8.0% from its price of NT$23.15 on 14 August 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: NT$0.31 loss per share Third quarter 2020 results: Net loss: NT$86.1m (down 480% from profit in 3Q 2019). 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 4% per year, which means it is significantly lagging earnings growth.