View Future GrowthPolygreen Resources 過去の業績過去 基準チェック /56Polygreen Resourcesは、平均年間4.8%の収益成長を遂げていますが、 Commercial Services業界の収益は、年間 成長しています。収益は、平均年間4.3% 7%収益成長率で 成長しています。 Polygreen Resourcesの自己資本利益率は5.6%であり、純利益率は9.3%です。主要情報4.75%収益成長率-4.43%EPS成長率Commercial Services 業界の成長7.69%収益成長率6.99%株主資本利益率5.57%ネット・マージン9.32%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.26 (vs NT$0.14 in 1Q 2025)First quarter 2026 results: EPS: NT$0.26 (up from NT$0.14 in 1Q 2025). Revenue: NT$98.6m (up 2.7% from 1Q 2025). Net income: NT$10.8m (up 84% from 1Q 2025). Profit margin: 11% (up from 6.1% in 1Q 2025). The increase in margin was primarily 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.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.73 (vs NT$0.60 in FY 2024)Full year 2025 results: EPS: NT$0.73 (up from NT$0.60 in FY 2024). Revenue: NT$377.0m (up 1.9% from FY 2024). Net income: NT$30.5m (up 30% from FY 2024). Profit margin: 8.1% (up from 6.3% in FY 2024). 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 4% per year, which means it is well ahead of earnings.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.023 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.22 (up from NT$0.023 loss in 3Q 2024). Revenue: NT$87.1m (down 14% from 3Q 2024). Net income: NT$9.26m (up NT$10.2m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.21 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.13 (down from NT$0.21 in 2Q 2024). Revenue: NT$98.5m (up 7.2% from 2Q 2024). Net income: NT$5.14m (down 40% from 2Q 2024). Profit margin: 5.2% (down from 9.3% 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 18% 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 14First quarter 2025 earnings released: EPS: NT$0.14 (vs NT$0.25 in 1Q 2024)First quarter 2025 results: EPS: NT$0.14 (down from NT$0.25 in 1Q 2024). Revenue: NT$96.0m (up 10.0% from 1Q 2024). Net income: NT$5.85m (down 26% from 1Q 2024). Profit margin: 6.1% (down from 9.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$0.62 (vs NT$0.91 in FY 2023)Full year 2024 results: EPS: NT$0.62 (down from NT$0.91 in FY 2023). Revenue: NT$369.8m (up 14% from FY 2023). Net income: NT$23.4m (down 5.9% from FY 2023). Profit margin: 6.3% (down from 7.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.26 (vs NT$0.14 in 1Q 2025)First quarter 2026 results: EPS: NT$0.26 (up from NT$0.14 in 1Q 2025). Revenue: NT$98.6m (up 2.7% from 1Q 2025). Net income: NT$10.8m (up 84% from 1Q 2025). Profit margin: 11% (up from 6.1% in 1Q 2025). The increase in margin was primarily 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.New Risk • Mar 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 96% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.7% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (NT$798.8m market cap, or US$25.0m).Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.73 (vs NT$0.60 in FY 2024)Full year 2025 results: EPS: NT$0.73 (up from NT$0.60 in FY 2024). Revenue: NT$377.0m (up 1.9% from FY 2024). Net income: NT$30.5m (up 30% from FY 2024). Profit margin: 8.1% (up from 6.3% in FY 2024). 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 4% per year, which means it is well ahead of earnings.お知らせ • Mar 13Polygreen Resources Co., Ltd., Annual General Meeting, Jun 05, 2026Polygreen Resources Co., Ltd., Annual General Meeting, Jun 05, 2026. Location: no,800, yung fu rd., sinwu district, taoyuan city TaiwanReported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.023 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.22 (up from NT$0.023 loss in 3Q 2024). Revenue: NT$87.1m (down 14% from 3Q 2024). Net income: NT$9.26m (up NT$10.2m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Sep 27Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$18.70. The fair value is estimated to be NT$15.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 18%.Buy Or Sell Opportunity • Sep 01Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.1% to NT$19.25. The fair value is estimated to be NT$15.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 18%.Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.21 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.13 (down from NT$0.21 in 2Q 2024). Revenue: NT$98.5m (up 7.2% from 2Q 2024). Net income: NT$5.14m (down 40% from 2Q 2024). Profit margin: 5.2% (down from 9.3% 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 18% 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 14First quarter 2025 earnings released: EPS: NT$0.14 (vs NT$0.25 in 1Q 2024)First quarter 2025 results: EPS: NT$0.14 (down from NT$0.25 in 1Q 2024). Revenue: NT$96.0m (up 10.0% from 1Q 2024). Net income: NT$5.85m (down 26% from 1Q 2024). Profit margin: 6.1% (down from 9.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • May 13Now 21% overvaluedOver the last 90 days, the stock has fallen 8.7% to NT$19.00. The fair value is estimated to be NT$15.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 2.6%.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$17.10, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 17x in the Commercial Services industry in Taiwan. Total returns to shareholders of 23% over the past three years.Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$0.62 (vs NT$0.91 in FY 2023)Full year 2024 results: EPS: NT$0.62 (down from NT$0.91 in FY 2023). Revenue: NT$369.8m (up 14% from FY 2023). Net income: NT$23.4m (down 5.9% from FY 2023). Profit margin: 6.3% (down from 7.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 14Polygreen Resources Co., Ltd., Annual General Meeting, Jun 26, 2025Polygreen Resources Co., Ltd., Annual General Meeting, Jun 26, 2025. Location: no,800, yung fu rd., sinwu district, taoyuan city TaiwanNew Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% This is considered a major 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 Risks Earnings have declined by 1.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). 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 (5.8% net profit margin). Market cap is less than US$100m (NT$803.9m market cap, or US$24.4m).Reported Earnings • Nov 17Third quarter 2024 earnings released: NT$0.02 loss per share (vs NT$0.28 profit in 3Q 2023)Third quarter 2024 results: NT$0.02 loss per share (down from NT$0.28 profit in 3Q 2023). Revenue: NT$101.8m (up 23% from 3Q 2023). Net loss: NT$940.0k (down 112% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.Upcoming Dividend • Sep 02Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 09 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.7%).Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.39 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.22 (down from NT$0.39 in 2Q 2023). Revenue: NT$91.9m (up 1.4% from 2Q 2023). Net income: NT$8.53m (down 16% from 2Q 2023). Profit margin: 9.3% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$25.35, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 30x in the Commercial Services industry in Taiwan. Total returns to shareholders of 85% over the past three years.New Risk • Jun 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 48% 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 Risks Earnings have declined by 5.9% per year over the past 5 years. High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (NT$844.7m market cap, or US$26.1m).Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$0.26 (vs NT$0.058 in 1Q 2023)First quarter 2024 results: EPS: NT$0.26 (up from NT$0.058 in 1Q 2023). Revenue: NT$87.3m (up 20% from 1Q 2023). Net income: NT$7.93m (up 427% from 1Q 2023). Profit margin: 9.1% (up from 2.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.Valuation Update With 7 Day Price Move • Mar 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$23.25, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 27x in the Commercial Services industry in Taiwan. Total returns to shareholders of 74% over the past three years.お知らせ • Mar 23Polygreen Resources Co., Ltd., Annual General Meeting, Jun 13, 2024Polygreen Resources Co., Ltd., Annual General Meeting, Jun 13, 2024.Reported Earnings • Mar 16Full year 2023 earnings released: EPS: NT$0.95 (vs NT$1.13 in FY 2022)Full year 2023 results: EPS: NT$0.95 (down from NT$1.13 in FY 2022). Revenue: NT$324.7m (up 1.1% from FY 2022). Net income: NT$24.8m (down 15% from FY 2022). Profit margin: 7.6% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$24.35, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 27x in the Commercial Services industry in Taiwan. Total returns to shareholders of 97% over the past three years.New Risk • Nov 10New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 38% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (38% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$537.1m market cap, or US$16.6m).Upcoming Dividend • Sep 01Upcoming dividend of NT$0.50 per share at 2.2% yieldEligible shareholders must have bought the stock before 08 September 2023. Payment date: 05 October 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.5%).Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: NT$0.41 (vs NT$0.26 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.41 (up from NT$0.26 in 2Q 2022). Revenue: NT$90.5m (up 13% from 2Q 2022). Net income: NT$10.1m (up 57% from 2Q 2022). Profit margin: 11% (up from 8.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year.Reported Earnings • May 18First quarter 2023 earnings released: EPS: NT$0.06 (vs NT$0.26 in 1Q 2022)First quarter 2023 results: EPS: NT$0.06 (down from NT$0.26 in 1Q 2022). Revenue: NT$72.7m (down 2.8% from 1Q 2022). Net income: NT$1.51m (down 76% from 1Q 2022). Profit margin: 2.1% (down from 8.5% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year.Reported Earnings • Mar 23Full year 2022 earnings released: EPS: NT$1.18 (vs NT$0.72 in FY 2021)Full year 2022 results: EPS: NT$1.18 (up from NT$0.72 in FY 2021). Revenue: NT$321.3m (up 19% from FY 2021). Net income: NT$29.3m (up 63% from FY 2021). Profit margin: 9.1% (up from 6.7% in FY 2021). The increase in margin was driven by higher 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 10% per year, which means it is well ahead of earnings.Board Change • Jan 30Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Bee Tan was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Nov 17Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Bee Tan was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Sep 06Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 13 September 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (5.0%).Reported Earnings • Aug 27Second quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.11 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.27 (up from NT$0.11 in 2Q 2021). Revenue: NT$80.4m (up 19% from 2Q 2021). Net income: NT$6.45m (up 147% from 2Q 2021). Profit margin: 8.0% (up from 3.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.37 in 1Q 2021)First quarter 2022 results: EPS: NT$0.26 (down from NT$0.37 in 1Q 2021). Revenue: NT$74.9m (down 11% from 1Q 2021). Net income: NT$6.35m (down 29% from 1Q 2021). Profit margin: 8.5% (down from 11% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% 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.Board Change • Apr 28Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Bee Tan was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 13Polygreen Resources Co., Ltd., Annual General Meeting, Jun 29, 2022Polygreen Resources Co., Ltd., Annual General Meeting, Jun 29, 2022.Reported Earnings • Nov 15Third quarter 2021 earnings released: NT$0.03 loss per share (vs NT$0.32 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$43.5m (down 44% from 3Q 2020). Net loss: NT$721.0k (down 109% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% 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.Upcoming Dividend • Sep 03Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 10 September 2021. Payment date: 08 October 2021. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.8%).Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS NT$0.11 (vs NT$0.074 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$67.8m (up 16% from 2Q 2020). Net income: NT$2.61m (up 53% from 2Q 2020). Profit margin: 3.9% (up from 2.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.39 (vs NT$0.16 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$83.6m (up 26% from 1Q 2020). Net income: NT$8.95m (up 144% from 1Q 2020). Profit margin: 11% (up from 5.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.分析記事 • Apr 16Polygreen Resources (GTSM:8423) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$0.92 (vs NT$1.33 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$282.9m (down 14% from FY 2019). Net income: NT$21.1m (down 31% from FY 2019). Profit margin: 7.5% (down from 9.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.分析記事 • Feb 18Is Polygreen Resources (GTSM:8423) A Future Multi-bagger?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Jan 20Calculating The Intrinsic Value Of Polygreen Resources Co., Ltd. (GTSM:8423)In this article we are going to estimate the intrinsic value of Polygreen Resources Co., Ltd. ( GTSM:8423 ) by taking...Is New 90 Day High Low • Dec 17New 90-day low: NT$16.05The company is down 9.0% from its price of NT$17.69 on 18 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 Commercial Services industry, which is flat over the same period.分析記事 • Dec 16Are Polygreen Resources Co., Ltd.'s (GTSM:8423) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?With its stock down 3.3% over the past three months, it is easy to disregard Polygreen Resources (GTSM:8423). However...分析記事 • Nov 18Here’s What’s Happening With Returns At Polygreen Resources (GTSM:8423)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.34The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$78.0m (down 6.7% from 3Q 2019). Net income: NT$7.80m (down 4.0% from 3Q 2019). Profit margin: 10.0% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Is New 90 Day High Low • Oct 14New 90-day low: NT$16.10The company is down 1.0% from its price of NT$16.20 on 15 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is down 6.0% over the same period.収支内訳Polygreen Resources の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:8423 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 263803557031 Dec 253773058030 Sep 253702858030 Jun 253851859031 Mar 253792161031 Dec 243702362030 Sep 243602162030 Jun 243413061031 Mar 243393159031 Dec 233252556030 Sep 233282757030 Jun 233292860031 Mar 233192464031 Dec 223212962030 Sep 223132859030 Jun 222731950031 Mar 222611546031 Dec 212691848030 Sep 212751948030 Jun 213102751031 Mar 213002650031 Dec 202832149030 Sep 202841852030 Jun 202891853031 Mar 203182654031 Dec 193313154030 Sep 193324152030 Jun 193284249031 Mar 193213848031 Dec 183284446030 Sep 183163344030 Jun 183123545031 Mar 183053843031 Dec 172802842030 Sep 172693244030 Jun 172432243031 Mar 172331543031 Dec 16229-641030 Sep 16236-1038030 Jun 16255-136031 Mar 16265234031 Dec 152832536030 Sep 1528524370質の高い収益: 8423は 高品質の収益 を持っています。利益率の向上: 8423の現在の純利益率 (9.3%)は、昨年(5.6%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 8423の収益は過去 5 年間で年間4.8%増加しました。成長の加速: 8423の過去 1 年間の収益成長率 ( 66.2% ) は、5 年間の平均 ( 年間4.8%を上回っています。収益対業界: 8423の過去 1 年間の収益成長率 ( 66.2% ) はCommercial Services業界3.9%を上回りました。株主資本利益率高いROE: 8423の 自己資本利益率 ( 5.6% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCommercial-services 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/11 19:53終値2026/07/09 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Polygreen Resources Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.26 (vs NT$0.14 in 1Q 2025)First quarter 2026 results: EPS: NT$0.26 (up from NT$0.14 in 1Q 2025). Revenue: NT$98.6m (up 2.7% from 1Q 2025). Net income: NT$10.8m (up 84% from 1Q 2025). Profit margin: 11% (up from 6.1% in 1Q 2025). The increase in margin was primarily 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.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.73 (vs NT$0.60 in FY 2024)Full year 2025 results: EPS: NT$0.73 (up from NT$0.60 in FY 2024). Revenue: NT$377.0m (up 1.9% from FY 2024). Net income: NT$30.5m (up 30% from FY 2024). Profit margin: 8.1% (up from 6.3% in FY 2024). 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 4% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.023 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.22 (up from NT$0.023 loss in 3Q 2024). Revenue: NT$87.1m (down 14% from 3Q 2024). Net income: NT$9.26m (up NT$10.2m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.21 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.13 (down from NT$0.21 in 2Q 2024). Revenue: NT$98.5m (up 7.2% from 2Q 2024). Net income: NT$5.14m (down 40% from 2Q 2024). Profit margin: 5.2% (down from 9.3% 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 18% 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 14First quarter 2025 earnings released: EPS: NT$0.14 (vs NT$0.25 in 1Q 2024)First quarter 2025 results: EPS: NT$0.14 (down from NT$0.25 in 1Q 2024). Revenue: NT$96.0m (up 10.0% from 1Q 2024). Net income: NT$5.85m (down 26% from 1Q 2024). Profit margin: 6.1% (down from 9.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$0.62 (vs NT$0.91 in FY 2023)Full year 2024 results: EPS: NT$0.62 (down from NT$0.91 in FY 2023). Revenue: NT$369.8m (up 14% from FY 2023). Net income: NT$23.4m (down 5.9% from FY 2023). Profit margin: 6.3% (down from 7.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.26 (vs NT$0.14 in 1Q 2025)First quarter 2026 results: EPS: NT$0.26 (up from NT$0.14 in 1Q 2025). Revenue: NT$98.6m (up 2.7% from 1Q 2025). Net income: NT$10.8m (up 84% from 1Q 2025). Profit margin: 11% (up from 6.1% in 1Q 2025). The increase in margin was primarily 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.
New Risk • Mar 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 96% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.7% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (NT$798.8m market cap, or US$25.0m).
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.73 (vs NT$0.60 in FY 2024)Full year 2025 results: EPS: NT$0.73 (up from NT$0.60 in FY 2024). Revenue: NT$377.0m (up 1.9% from FY 2024). Net income: NT$30.5m (up 30% from FY 2024). Profit margin: 8.1% (up from 6.3% in FY 2024). 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 4% per year, which means it is well ahead of earnings.
お知らせ • Mar 13Polygreen Resources Co., Ltd., Annual General Meeting, Jun 05, 2026Polygreen Resources Co., Ltd., Annual General Meeting, Jun 05, 2026. Location: no,800, yung fu rd., sinwu district, taoyuan city Taiwan
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.023 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.22 (up from NT$0.023 loss in 3Q 2024). Revenue: NT$87.1m (down 14% from 3Q 2024). Net income: NT$9.26m (up NT$10.2m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Sep 27Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$18.70. The fair value is estimated to be NT$15.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 18%.
Buy Or Sell Opportunity • Sep 01Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.1% to NT$19.25. The fair value is estimated to be NT$15.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 18%.
Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.21 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.13 (down from NT$0.21 in 2Q 2024). Revenue: NT$98.5m (up 7.2% from 2Q 2024). Net income: NT$5.14m (down 40% from 2Q 2024). Profit margin: 5.2% (down from 9.3% 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 18% 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 14First quarter 2025 earnings released: EPS: NT$0.14 (vs NT$0.25 in 1Q 2024)First quarter 2025 results: EPS: NT$0.14 (down from NT$0.25 in 1Q 2024). Revenue: NT$96.0m (up 10.0% from 1Q 2024). Net income: NT$5.85m (down 26% from 1Q 2024). Profit margin: 6.1% (down from 9.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • May 13Now 21% overvaluedOver the last 90 days, the stock has fallen 8.7% to NT$19.00. The fair value is estimated to be NT$15.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 2.6%.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$17.10, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 17x in the Commercial Services industry in Taiwan. Total returns to shareholders of 23% over the past three years.
Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$0.62 (vs NT$0.91 in FY 2023)Full year 2024 results: EPS: NT$0.62 (down from NT$0.91 in FY 2023). Revenue: NT$369.8m (up 14% from FY 2023). Net income: NT$23.4m (down 5.9% from FY 2023). Profit margin: 6.3% (down from 7.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 14Polygreen Resources Co., Ltd., Annual General Meeting, Jun 26, 2025Polygreen Resources Co., Ltd., Annual General Meeting, Jun 26, 2025. Location: no,800, yung fu rd., sinwu district, taoyuan city Taiwan
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% This is considered a major 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 Risks Earnings have declined by 1.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). 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 (5.8% net profit margin). Market cap is less than US$100m (NT$803.9m market cap, or US$24.4m).
Reported Earnings • Nov 17Third quarter 2024 earnings released: NT$0.02 loss per share (vs NT$0.28 profit in 3Q 2023)Third quarter 2024 results: NT$0.02 loss per share (down from NT$0.28 profit in 3Q 2023). Revenue: NT$101.8m (up 23% from 3Q 2023). Net loss: NT$940.0k (down 112% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.
Upcoming Dividend • Sep 02Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 09 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.7%).
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.39 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.22 (down from NT$0.39 in 2Q 2023). Revenue: NT$91.9m (up 1.4% from 2Q 2023). Net income: NT$8.53m (down 16% from 2Q 2023). Profit margin: 9.3% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$25.35, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 30x in the Commercial Services industry in Taiwan. Total returns to shareholders of 85% over the past three years.
New Risk • Jun 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 48% 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 Risks Earnings have declined by 5.9% per year over the past 5 years. High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (NT$844.7m market cap, or US$26.1m).
Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$0.26 (vs NT$0.058 in 1Q 2023)First quarter 2024 results: EPS: NT$0.26 (up from NT$0.058 in 1Q 2023). Revenue: NT$87.3m (up 20% from 1Q 2023). Net income: NT$7.93m (up 427% from 1Q 2023). Profit margin: 9.1% (up from 2.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.
Valuation Update With 7 Day Price Move • Mar 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$23.25, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 27x in the Commercial Services industry in Taiwan. Total returns to shareholders of 74% over the past three years.
お知らせ • Mar 23Polygreen Resources Co., Ltd., Annual General Meeting, Jun 13, 2024Polygreen Resources Co., Ltd., Annual General Meeting, Jun 13, 2024.
Reported Earnings • Mar 16Full year 2023 earnings released: EPS: NT$0.95 (vs NT$1.13 in FY 2022)Full year 2023 results: EPS: NT$0.95 (down from NT$1.13 in FY 2022). Revenue: NT$324.7m (up 1.1% from FY 2022). Net income: NT$24.8m (down 15% from FY 2022). Profit margin: 7.6% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$24.35, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 27x in the Commercial Services industry in Taiwan. Total returns to shareholders of 97% over the past three years.
New Risk • Nov 10New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 38% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (38% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$537.1m market cap, or US$16.6m).
Upcoming Dividend • Sep 01Upcoming dividend of NT$0.50 per share at 2.2% yieldEligible shareholders must have bought the stock before 08 September 2023. Payment date: 05 October 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.5%).
Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: NT$0.41 (vs NT$0.26 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.41 (up from NT$0.26 in 2Q 2022). Revenue: NT$90.5m (up 13% from 2Q 2022). Net income: NT$10.1m (up 57% from 2Q 2022). Profit margin: 11% (up from 8.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: NT$0.06 (vs NT$0.26 in 1Q 2022)First quarter 2023 results: EPS: NT$0.06 (down from NT$0.26 in 1Q 2022). Revenue: NT$72.7m (down 2.8% from 1Q 2022). Net income: NT$1.51m (down 76% from 1Q 2022). Profit margin: 2.1% (down from 8.5% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year.
Reported Earnings • Mar 23Full year 2022 earnings released: EPS: NT$1.18 (vs NT$0.72 in FY 2021)Full year 2022 results: EPS: NT$1.18 (up from NT$0.72 in FY 2021). Revenue: NT$321.3m (up 19% from FY 2021). Net income: NT$29.3m (up 63% from FY 2021). Profit margin: 9.1% (up from 6.7% in FY 2021). The increase in margin was driven by higher 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 10% per year, which means it is well ahead of earnings.
Board Change • Jan 30Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Bee Tan was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Nov 17Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Bee Tan was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Sep 06Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 13 September 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (5.0%).
Reported Earnings • Aug 27Second quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.11 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.27 (up from NT$0.11 in 2Q 2021). Revenue: NT$80.4m (up 19% from 2Q 2021). Net income: NT$6.45m (up 147% from 2Q 2021). Profit margin: 8.0% (up from 3.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.37 in 1Q 2021)First quarter 2022 results: EPS: NT$0.26 (down from NT$0.37 in 1Q 2021). Revenue: NT$74.9m (down 11% from 1Q 2021). Net income: NT$6.35m (down 29% from 1Q 2021). Profit margin: 8.5% (down from 11% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% 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.
Board Change • Apr 28Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Bee Tan was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 13Polygreen Resources Co., Ltd., Annual General Meeting, Jun 29, 2022Polygreen Resources Co., Ltd., Annual General Meeting, Jun 29, 2022.
Reported Earnings • Nov 15Third quarter 2021 earnings released: NT$0.03 loss per share (vs NT$0.32 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$43.5m (down 44% from 3Q 2020). Net loss: NT$721.0k (down 109% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% 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.
Upcoming Dividend • Sep 03Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 10 September 2021. Payment date: 08 October 2021. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.8%).
Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS NT$0.11 (vs NT$0.074 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$67.8m (up 16% from 2Q 2020). Net income: NT$2.61m (up 53% from 2Q 2020). Profit margin: 3.9% (up from 2.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.39 (vs NT$0.16 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$83.6m (up 26% from 1Q 2020). Net income: NT$8.95m (up 144% from 1Q 2020). Profit margin: 11% (up from 5.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 16Polygreen Resources (GTSM:8423) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$0.92 (vs NT$1.33 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$282.9m (down 14% from FY 2019). Net income: NT$21.1m (down 31% from FY 2019). Profit margin: 7.5% (down from 9.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
分析記事 • Feb 18Is Polygreen Resources (GTSM:8423) A Future Multi-bagger?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Jan 20Calculating The Intrinsic Value Of Polygreen Resources Co., Ltd. (GTSM:8423)In this article we are going to estimate the intrinsic value of Polygreen Resources Co., Ltd. ( GTSM:8423 ) by taking...
Is New 90 Day High Low • Dec 17New 90-day low: NT$16.05The company is down 9.0% from its price of NT$17.69 on 18 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 Commercial Services industry, which is flat over the same period.
分析記事 • Dec 16Are Polygreen Resources Co., Ltd.'s (GTSM:8423) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?With its stock down 3.3% over the past three months, it is easy to disregard Polygreen Resources (GTSM:8423). However...
分析記事 • Nov 18Here’s What’s Happening With Returns At Polygreen Resources (GTSM:8423)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.34The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$78.0m (down 6.7% from 3Q 2019). Net income: NT$7.80m (down 4.0% from 3Q 2019). Profit margin: 10.0% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Is New 90 Day High Low • Oct 14New 90-day low: NT$16.10The company is down 1.0% from its price of NT$16.20 on 15 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is down 6.0% over the same period.