Redwood Group（8426）株式概要レッドウッド・グループ社はその子会社とともに、アジア、中東、アメリカ、ヨーロッパでブティック・ブランドの店舗装飾を行っている。 詳細8426 ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績2/6財務の健全性6/6配当金3/6報酬当社が推定した公正価値より70.6%で取引されている リスク分析不安定な配当実績 利益率(3.8%)は昨年より低い(6.7%) 意味のある時価総額がありません ( NT$1B )すべてのリスクチェックを見る8426 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$22.1543.1% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-70m7b2016201920222025202620282031Revenue NT$6.9bEarnings NT$261.5mAdvancedSet Fair ValueView all narrativesRedwood Group Ltd 競合他社FY GroupSymbol: TWSE:6807Market cap: NT$1.8bWellpoolSymbol: TPEX:8424Market cap: NT$2.6bI Jang IndustrialLtdSymbol: TPEX:8342Market cap: NT$3.1bChing Feng Home FashionsLtdSymbol: TWSE:9935Market cap: NT$3.3b価格と性能株価の高値、安値、推移の概要Redwood Group過去の株価現在の株価NT$22.1552週高値NT$35.0052週安値NT$20.50ベータ-0.881ヶ月の変化-9.59%3ヶ月変化n/a1年変化-34.08%3年間の変化-67.66%5年間の変化22.38%IPOからの変化-66.85%最新ニュースReported Earnings • May 15First quarter 2026 earnings released: NT$0.42 loss per share (vs NT$0.65 loss in 1Q 2025)First quarter 2026 results: NT$0.42 loss per share (improved from NT$0.65 loss in 1Q 2025). Revenue: NT$562.7m (up 9.4% from 1Q 2025). Net loss: NT$21.2m (loss narrowed 35% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 13Redwood Group Ltd, Annual General Meeting, Jun 08, 2026Redwood Group Ltd, Annual General Meeting, Jun 08, 2026. Location: 3 floor no,95, wu kung rd., sinjhuang district, new taipei city TaiwanReported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$1.85 (vs NT$5.03 in FY 2024)Full year 2025 results: EPS: NT$1.85 (down from NT$5.03 in FY 2024). Revenue: NT$2.71b (down 5.6% from FY 2024). Net income: NT$93.0m (down 63% from FY 2024). Profit margin: 3.4% (down from 8.8% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$1.55 (vs NT$1.10 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.55 (up from NT$1.10 in 3Q 2024). Revenue: NT$798.1m (up 9.3% from 3Q 2024). Net income: NT$77.9m (up 41% from 3Q 2024). Profit margin: 9.8% (up from 7.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 23Second quarter 2025 earnings released: NT$0.73 loss per share (vs NT$0.22 profit in 2Q 2024)Second quarter 2025 results: NT$0.73 loss per share (down from NT$0.22 profit in 2Q 2024). Revenue: NT$582.1m (up 9.4% from 2Q 2024). Net loss: NT$36.5m (down 426% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (NT$1.59b market cap, or US$53.6m).最新情報をもっと見るRecent updatesReported Earnings • May 15First quarter 2026 earnings released: NT$0.42 loss per share (vs NT$0.65 loss in 1Q 2025)First quarter 2026 results: NT$0.42 loss per share (improved from NT$0.65 loss in 1Q 2025). Revenue: NT$562.7m (up 9.4% from 1Q 2025). Net loss: NT$21.2m (loss narrowed 35% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 13Redwood Group Ltd, Annual General Meeting, Jun 08, 2026Redwood Group Ltd, Annual General Meeting, Jun 08, 2026. Location: 3 floor no,95, wu kung rd., sinjhuang district, new taipei city TaiwanReported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$1.85 (vs NT$5.03 in FY 2024)Full year 2025 results: EPS: NT$1.85 (down from NT$5.03 in FY 2024). Revenue: NT$2.71b (down 5.6% from FY 2024). Net income: NT$93.0m (down 63% from FY 2024). Profit margin: 3.4% (down from 8.8% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$1.55 (vs NT$1.10 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.55 (up from NT$1.10 in 3Q 2024). Revenue: NT$798.1m (up 9.3% from 3Q 2024). Net income: NT$77.9m (up 41% from 3Q 2024). Profit margin: 9.8% (up from 7.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 23Second quarter 2025 earnings released: NT$0.73 loss per share (vs NT$0.22 profit in 2Q 2024)Second quarter 2025 results: NT$0.73 loss per share (down from NT$0.22 profit in 2Q 2024). Revenue: NT$582.1m (up 9.4% from 2Q 2024). Net loss: NT$36.5m (down 426% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (NT$1.59b market cap, or US$53.6m).Upcoming Dividend • Jul 02Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 09 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.6%).Declared Dividend • May 31Dividend of NT$2.50 announcedDividend of NT$2.50 is the same as last year. Ex-date: 9th July 2025 Payment date: 31st July 2025 Dividend yield will be 7.7%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 68% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 30Redwood Group Ltd Approves Cash Dividend for 2024, Payable on July 31, 2025Redwood Group Ltd. at its 2025 Annual General Meeting of Shareholders held on May 29, 2025, approved to adopt the company's 2024 earnings distribution, it is planned to distribute cash dividend TWD 2.5 per share this year. Type and monetary amount of dividend distribution: Cash dividend of TWD 125,606,250. Ex-rights (Ex-dividend) date: July 9, 2025, Ex-rights (Ex-dividend) record date: July 15, 2025, Payment date of cash dividend distribution: July 31, 2025 .Reported Earnings • May 16First quarter 2025 earnings released: NT$0.65 loss per share (vs NT$0.69 profit in 1Q 2024)First quarter 2025 results: NT$0.65 loss per share (down from NT$0.69 profit in 1Q 2024). Revenue: NT$514.4m (down 15% from 1Q 2024). Net loss: NT$32.8m (down 195% from profit in 1Q 2024). 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 33% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • May 16Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to NT$34.70. The fair value is estimated to be NT$43.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable.お知らせ • May 13Redwood Group Ltd to Report Q1, 2025 Results on May 13, 2025Redwood Group Ltd announced that they will report Q1, 2025 results on May 13, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$35.35, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 131% over the past three years.Reported Earnings • Mar 13Full year 2024 earnings released: EPS: NT$5.03 (vs NT$6.55 in FY 2023)Full year 2024 results: EPS: NT$5.03 (down from NT$6.55 in FY 2023). Revenue: NT$2.87b (flat on FY 2023). Net income: NT$252.7m (down 23% from FY 2023). Profit margin: 8.8% (down from 12% in FY 2023). 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 38% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 13Redwood Group Ltd, Annual General Meeting, May 29, 2025Redwood Group Ltd, Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,95, wu kung rd., sinjhuang district, new taipei city Taiwanお知らせ • Mar 04Redwood Group Ltd to Report Fiscal Year 2024 Results on Mar 11, 2025Redwood Group Ltd announced that they will report fiscal year 2024 results on Mar 11, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$1.09 (vs NT$1.75 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.09 (down from NT$1.75 in 3Q 2023). Revenue: NT$730.2m (down 6.5% from 3Q 2023). Net income: NT$55.0m (down 37% from 3Q 2023). Profit margin: 7.5% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 02Redwood Group Ltd to Report Q3, 2024 Results on Nov 11, 2024Redwood Group Ltd announced that they will report Q3, 2024 results on Nov 11, 2024New Risk • Oct 03New minor risk - Share price stabilityThe 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (NT$2.35b market cap, or US$73.3m).Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$48.70, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 222% over the past three years.Reported Earnings • Aug 24Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.78 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.22 (down from NT$0.78 in 2Q 2023). Revenue: NT$532.1m (down 12% from 2Q 2023). Net income: NT$11.2m (down 71% from 2Q 2023). Profit margin: 2.1% (down from 6.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 14Redwood Group Ltd to Report Q2, 2024 Results on Aug 22, 2024Redwood Group Ltd announced that they will report Q2, 2024 results on Aug 22, 2024Buy Or Sell Opportunity • Aug 07Now 25% overvaluedOver the last 90 days, the stock has fallen 26% to NT$41.75. The fair value is estimated to be NT$33.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company has become profitable.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$38.65, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 167% over the past three years.Upcoming Dividend • Jul 02Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 09 July 2024. Payment date: 31 July 2024. Trailing yield: 4.8%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.3%).New Risk • May 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$2.89b market cap, or US$89.9m).Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$0.69 (vs NT$1.12 in 1Q 2023)First quarter 2024 results: EPS: NT$0.69 (down from NT$1.12 in 1Q 2023). Revenue: NT$602.2m (up 16% from 1Q 2023). Net income: NT$34.5m (down 39% from 1Q 2023). Profit margin: 5.7% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.お知らせ • May 08Redwood Group Ltd to Report Q1, 2024 Results on May 13, 2024Redwood Group Ltd announced that they will report Q1, 2024 results on May 13, 2024New Risk • Mar 27New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Dividend per share is over 6x cash flows per share. Dividend yield: 4.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 High level of non-cash earnings (26% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$3.04b market cap, or US$95.2m).Reported Earnings • Mar 22Full year 2023 earnings released: EPS: NT$6.55 (vs NT$0.64 in FY 2022)Full year 2023 results: EPS: NT$6.55 (up from NT$0.64 in FY 2022). Revenue: NT$2.86b (up 68% from FY 2022). Net income: NT$329.0m (up NT$296.7m from FY 2022). Profit margin: 12% (up from 1.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 131% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 18Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$60.30, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 284% over the past three years.お知らせ • Mar 16Redwood Group Ltd, Annual General Meeting, Jun 21, 2024Redwood Group Ltd, Annual General Meeting, Jun 21, 2024.お知らせ • Mar 09Redwood Group Ltd, Annual General Meeting, Mar 08, 2024Redwood Group Ltd, Annual General Meeting, Mar 08, 2024. Agenda: To discuss the 2023 financial statements; to discuss Re-appointment of auditors; and to discuss Directors' remuneration.Valuation Update With 7 Day Price Move • Jan 01Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$74.30, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 433% over the past three years.Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$76.80, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 15x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 451% over the past three years.New Risk • Sep 08New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risks High level of debt (48% net debt to equity). Market cap is less than US$100m (NT$2.85b market cap, or US$88.8m).Reported Earnings • Aug 24Second quarter 2023 earnings released: EPS: NT$0.78 (vs NT$0.98 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.78 (up from NT$0.98 loss in 2Q 2022). Revenue: NT$603.4m (up 122% from 2Q 2022). Net income: NT$39.2m (up NT$88.6m from 2Q 2022). Profit margin: 6.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$67.80, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 381% over the past three years.New Risk • Jun 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.07b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 3.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.07b market cap, or US$99.1m).Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$78.70, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 15x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 464% over the past three years.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$46.35, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 14x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 241% over the past three years.Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$0.64 (vs NT$0.12 in FY 2021)Full year 2022 results: EPS: NT$0.64 (up from NT$0.12 in FY 2021). Revenue: NT$1.70b (up 20% from FY 2021). Net income: NT$32.3m (up 456% from FY 2021). Profit margin: 1.9% (up from 0.4% 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 15% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.07 (vs NT$0.12 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$1.07 (up from NT$0.12 loss in 3Q 2021). Revenue: NT$531.2m (up 54% from 3Q 2021). Net income: NT$53.9m (up NT$59.9m from 3Q 2021). Profit margin: 10% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.07 (vs NT$0.12 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$1.07 (up from NT$0.12 loss in 3Q 2021). Revenue: NT$531.2m (up 54% from 3Q 2021). Net income: NT$53.9m (up NT$59.9m from 3Q 2021). Profit margin: 10% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Aug 27Second quarter 2022 earnings released: NT$0.98 loss per share (vs NT$0.13 loss in 2Q 2021)Second quarter 2022 results: NT$0.98 loss per share (down from NT$0.13 loss in 2Q 2021). Revenue: NT$271.6m (down 18% from 2Q 2021). Net loss: NT$49.1m (loss widened NT$42.7m from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.お知らせ • Aug 26Redwood Group Ltd Announces Remuneration Committee ChangesRedwood Group Ltd. announced to appoint members of the 5th remuneration committee. Resume of the previous position holder: Chin-huat Guok - Independent Director & Chiarman of Bukit Sembawang and Resume of the new position holder: Yu-chun Hsiao - Private financial advisor. Effective date of the new member is August 25, 2022.Board Change • Jul 31High number of new directorsDirector Jun-Wei Soh was the last director to join the board, commencing their role in 2022.お知らせ • Jun 29+ 2 more updatesRedwood Group Ltd Approves Board ChangesRedwood Group Ltd. at its 2022 annual general meeting of shareholders held on June 27, 2022 approved board changes. Title, name and nationality of the previous position holder: directo:, Lee-mui Teh, Singapore, director: Khay-pin Neo, Singapore, independent director: Chin-huat Guok, Taiwan. Resume of the previous position holder: director: Lee-mui Teh, Co-founder of Redwood Group Ltd., director: Khay-pin Neo, Executive Vice President of United Overseas Bank, independent director: Chin-huat Guok - Director of Campbelltown Asia Pte Ltd. Title, name and nationality of the new position holder: director: Jun-wei Soh, Singapore, Independent director: Yu-chun Hsiao, Taiwan. Resume of the new position holder: director: Jun-wei Soh,Operations executive of Redwood Interior Pte Ltd., independent director: Yu-chun Hsiao - Private financial advisor. Reason for the change: Full re-election upon expiration of term. Effective date of the new appointment is June 27, 2022.Reported Earnings • May 17First quarter 2022 earnings released: NT$0.55 loss per share (vs NT$0.38 loss in 1Q 2021)First quarter 2022 results: NT$0.55 loss per share (down from NT$0.38 loss in 1Q 2021). Revenue: NT$312.7m (up 18% from 1Q 2021). Net loss: NT$27.6m (loss widened 44% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Director Chia-Shi Lo was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$0.12 (up from NT$2.52 loss in FY 2020). Revenue: NT$1.42b (up 83% from FY 2020). Net income: NT$5.82m (up NT$132.3m from FY 2020). Profit margin: 0.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 57%. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 15Third quarter 2021 earnings released: NT$0.12 loss per share (vs NT$0.066 profit in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: NT$344.0m (up 74% from 3Q 2020). Net loss: NT$5.98m (down 281% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 29Second quarter 2021 earnings released: NT$0.13 loss per share (vs NT$0.46 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: NT$331.6m (up 113% from 2Q 2020). Net loss: NT$6.42m (loss narrowed 72% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.Reported Earnings • May 13First quarter 2021 earnings released: NT$0.38 loss per share (vs NT$1.51 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$266.2m (up 39% from 1Q 2020). Net loss: NT$19.1m (loss narrowed 75% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 27Full year 2020 earnings released: NT$2.52 loss per share (vs NT$0.59 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$777.5m (down 53% from FY 2019). Net loss: NT$126.4m (down NT$156.2m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.お知らせ • Mar 12Redwood Group Ltd, Annual General Meeting, Mar 18, 2021Redwood Group Ltd, Annual General Meeting, Mar 18, 2021. Agenda: To adopt the 2020 financial statements; and to consider re-election of director.Is New 90 Day High Low • Feb 24New 90-day high: NT$15.05The company is up 11% from its price of NT$13.60 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 15% over the same period.分析記事 • Feb 19We Think Redwood Group (GTSM:8426) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Is New 90 Day High Low • Jan 18New 90-day low: NT$12.20The company is down 5.0% from its price of NT$12.80 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 7.0% over the same period.Is New 90 Day High Low • Nov 19New 90-day high: NT$14.00The company is up 10.0% from its price of NT$12.70 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is up 7.0% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.07The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$198.2m (down 65% from 3Q 2019). Net income: NT$3.31m (down 94% from 3Q 2019). Profit margin: 1.7% (down from 10% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 91% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.株主還元8426TW Consumer DurablesTW 市場7D4.0%2.8%2.6%1Y-34.1%-9.0%94.7%株主還元を見る業界別リターン: 8426過去 1 年間で-9 % の収益を上げたTW Consumer Durables業界を下回りました。リターン対市場: 8426は、過去 1 年間で94.7 % のリターンを上げたTW市場を下回りました。価格変動Is 8426's price volatile compared to industry and market?8426 volatility8426 Average Weekly Movement4.1%Consumer Durables Industry Average Movement5.4%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 8426 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 8426の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2000n/aShèng Qiáng Liwww.redwoodgroup.coレッドウッドグループは子会社とともに、アジア、中東、アメリカ、ヨーロッパでブティックブランドの店舗装飾を手がけている。また、高級ブランドの内装品の受託製造や、工芸品、金工品、大工建具、その他内装品のデザイン、製造、販売も行っている。同社は1992年に設立され、台湾の台北市に本社を置いている。もっと見るRedwood Group Ltd 基礎のまとめRedwood Group の収益と売上を時価総額と比較するとどうか。8426 基礎統計学時価総額NT$1.11b収益（TTM）NT$104.57m売上高(TTM)NT$2.76b10.6xPER（株価収益率0.4xP/Sレシオ8426 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計8426 損益計算書（TTM）収益NT$2.76b売上原価NT$2.03b売上総利益NT$725.11mその他の費用NT$620.54m収益NT$104.57m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）2.08グロス・マージン26.32%純利益率3.80%有利子負債／自己資本比率41.8%8426 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.6%現在の配当利回り43%配当性向View Valuation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2026/05/22 07:03終値2026/05/22 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Redwood Group 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。1 アナリスト機関Xiu Lian WuCapital Securities Corporation
Reported Earnings • May 15First quarter 2026 earnings released: NT$0.42 loss per share (vs NT$0.65 loss in 1Q 2025)First quarter 2026 results: NT$0.42 loss per share (improved from NT$0.65 loss in 1Q 2025). Revenue: NT$562.7m (up 9.4% from 1Q 2025). Net loss: NT$21.2m (loss narrowed 35% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 13Redwood Group Ltd, Annual General Meeting, Jun 08, 2026Redwood Group Ltd, Annual General Meeting, Jun 08, 2026. Location: 3 floor no,95, wu kung rd., sinjhuang district, new taipei city Taiwan
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$1.85 (vs NT$5.03 in FY 2024)Full year 2025 results: EPS: NT$1.85 (down from NT$5.03 in FY 2024). Revenue: NT$2.71b (down 5.6% from FY 2024). Net income: NT$93.0m (down 63% from FY 2024). Profit margin: 3.4% (down from 8.8% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$1.55 (vs NT$1.10 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.55 (up from NT$1.10 in 3Q 2024). Revenue: NT$798.1m (up 9.3% from 3Q 2024). Net income: NT$77.9m (up 41% from 3Q 2024). Profit margin: 9.8% (up from 7.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 23Second quarter 2025 earnings released: NT$0.73 loss per share (vs NT$0.22 profit in 2Q 2024)Second quarter 2025 results: NT$0.73 loss per share (down from NT$0.22 profit in 2Q 2024). Revenue: NT$582.1m (up 9.4% from 2Q 2024). Net loss: NT$36.5m (down 426% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (NT$1.59b market cap, or US$53.6m).
Reported Earnings • May 15First quarter 2026 earnings released: NT$0.42 loss per share (vs NT$0.65 loss in 1Q 2025)First quarter 2026 results: NT$0.42 loss per share (improved from NT$0.65 loss in 1Q 2025). Revenue: NT$562.7m (up 9.4% from 1Q 2025). Net loss: NT$21.2m (loss narrowed 35% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 13Redwood Group Ltd, Annual General Meeting, Jun 08, 2026Redwood Group Ltd, Annual General Meeting, Jun 08, 2026. Location: 3 floor no,95, wu kung rd., sinjhuang district, new taipei city Taiwan
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$1.85 (vs NT$5.03 in FY 2024)Full year 2025 results: EPS: NT$1.85 (down from NT$5.03 in FY 2024). Revenue: NT$2.71b (down 5.6% from FY 2024). Net income: NT$93.0m (down 63% from FY 2024). Profit margin: 3.4% (down from 8.8% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$1.55 (vs NT$1.10 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.55 (up from NT$1.10 in 3Q 2024). Revenue: NT$798.1m (up 9.3% from 3Q 2024). Net income: NT$77.9m (up 41% from 3Q 2024). Profit margin: 9.8% (up from 7.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 23Second quarter 2025 earnings released: NT$0.73 loss per share (vs NT$0.22 profit in 2Q 2024)Second quarter 2025 results: NT$0.73 loss per share (down from NT$0.22 profit in 2Q 2024). Revenue: NT$582.1m (up 9.4% from 2Q 2024). Net loss: NT$36.5m (down 426% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (NT$1.59b market cap, or US$53.6m).
Upcoming Dividend • Jul 02Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 09 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.6%).
Declared Dividend • May 31Dividend of NT$2.50 announcedDividend of NT$2.50 is the same as last year. Ex-date: 9th July 2025 Payment date: 31st July 2025 Dividend yield will be 7.7%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 68% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 30Redwood Group Ltd Approves Cash Dividend for 2024, Payable on July 31, 2025Redwood Group Ltd. at its 2025 Annual General Meeting of Shareholders held on May 29, 2025, approved to adopt the company's 2024 earnings distribution, it is planned to distribute cash dividend TWD 2.5 per share this year. Type and monetary amount of dividend distribution: Cash dividend of TWD 125,606,250. Ex-rights (Ex-dividend) date: July 9, 2025, Ex-rights (Ex-dividend) record date: July 15, 2025, Payment date of cash dividend distribution: July 31, 2025 .
Reported Earnings • May 16First quarter 2025 earnings released: NT$0.65 loss per share (vs NT$0.69 profit in 1Q 2024)First quarter 2025 results: NT$0.65 loss per share (down from NT$0.69 profit in 1Q 2024). Revenue: NT$514.4m (down 15% from 1Q 2024). Net loss: NT$32.8m (down 195% from profit in 1Q 2024). 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 33% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • May 16Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to NT$34.70. The fair value is estimated to be NT$43.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable.
お知らせ • May 13Redwood Group Ltd to Report Q1, 2025 Results on May 13, 2025Redwood Group Ltd announced that they will report Q1, 2025 results on May 13, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$35.35, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 131% over the past three years.
Reported Earnings • Mar 13Full year 2024 earnings released: EPS: NT$5.03 (vs NT$6.55 in FY 2023)Full year 2024 results: EPS: NT$5.03 (down from NT$6.55 in FY 2023). Revenue: NT$2.87b (flat on FY 2023). Net income: NT$252.7m (down 23% from FY 2023). Profit margin: 8.8% (down from 12% in FY 2023). 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 38% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 13Redwood Group Ltd, Annual General Meeting, May 29, 2025Redwood Group Ltd, Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,95, wu kung rd., sinjhuang district, new taipei city Taiwan
お知らせ • Mar 04Redwood Group Ltd to Report Fiscal Year 2024 Results on Mar 11, 2025Redwood Group Ltd announced that they will report fiscal year 2024 results on Mar 11, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$1.09 (vs NT$1.75 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.09 (down from NT$1.75 in 3Q 2023). Revenue: NT$730.2m (down 6.5% from 3Q 2023). Net income: NT$55.0m (down 37% from 3Q 2023). Profit margin: 7.5% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 02Redwood Group Ltd to Report Q3, 2024 Results on Nov 11, 2024Redwood Group Ltd announced that they will report Q3, 2024 results on Nov 11, 2024
New Risk • Oct 03New minor risk - Share price stabilityThe 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (NT$2.35b market cap, or US$73.3m).
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$48.70, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 222% over the past three years.
Reported Earnings • Aug 24Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.78 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.22 (down from NT$0.78 in 2Q 2023). Revenue: NT$532.1m (down 12% from 2Q 2023). Net income: NT$11.2m (down 71% from 2Q 2023). Profit margin: 2.1% (down from 6.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 14Redwood Group Ltd to Report Q2, 2024 Results on Aug 22, 2024Redwood Group Ltd announced that they will report Q2, 2024 results on Aug 22, 2024
Buy Or Sell Opportunity • Aug 07Now 25% overvaluedOver the last 90 days, the stock has fallen 26% to NT$41.75. The fair value is estimated to be NT$33.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company has become profitable.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$38.65, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 167% over the past three years.
Upcoming Dividend • Jul 02Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 09 July 2024. Payment date: 31 July 2024. Trailing yield: 4.8%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.3%).
New Risk • May 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$2.89b market cap, or US$89.9m).
Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$0.69 (vs NT$1.12 in 1Q 2023)First quarter 2024 results: EPS: NT$0.69 (down from NT$1.12 in 1Q 2023). Revenue: NT$602.2m (up 16% from 1Q 2023). Net income: NT$34.5m (down 39% from 1Q 2023). Profit margin: 5.7% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.
お知らせ • May 08Redwood Group Ltd to Report Q1, 2024 Results on May 13, 2024Redwood Group Ltd announced that they will report Q1, 2024 results on May 13, 2024
New Risk • Mar 27New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Dividend per share is over 6x cash flows per share. Dividend yield: 4.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 High level of non-cash earnings (26% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$3.04b market cap, or US$95.2m).
Reported Earnings • Mar 22Full year 2023 earnings released: EPS: NT$6.55 (vs NT$0.64 in FY 2022)Full year 2023 results: EPS: NT$6.55 (up from NT$0.64 in FY 2022). Revenue: NT$2.86b (up 68% from FY 2022). Net income: NT$329.0m (up NT$296.7m from FY 2022). Profit margin: 12% (up from 1.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 131% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$60.30, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 284% over the past three years.
お知らせ • Mar 16Redwood Group Ltd, Annual General Meeting, Jun 21, 2024Redwood Group Ltd, Annual General Meeting, Jun 21, 2024.
お知らせ • Mar 09Redwood Group Ltd, Annual General Meeting, Mar 08, 2024Redwood Group Ltd, Annual General Meeting, Mar 08, 2024. Agenda: To discuss the 2023 financial statements; to discuss Re-appointment of auditors; and to discuss Directors' remuneration.
Valuation Update With 7 Day Price Move • Jan 01Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$74.30, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 433% over the past three years.
Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$76.80, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 15x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 451% over the past three years.
New Risk • Sep 08New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risks High level of debt (48% net debt to equity). Market cap is less than US$100m (NT$2.85b market cap, or US$88.8m).
Reported Earnings • Aug 24Second quarter 2023 earnings released: EPS: NT$0.78 (vs NT$0.98 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.78 (up from NT$0.98 loss in 2Q 2022). Revenue: NT$603.4m (up 122% from 2Q 2022). Net income: NT$39.2m (up NT$88.6m from 2Q 2022). Profit margin: 6.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$67.80, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 381% over the past three years.
New Risk • Jun 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.07b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 3.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.07b market cap, or US$99.1m).
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$78.70, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 15x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 464% over the past three years.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$46.35, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 14x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 241% over the past three years.
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$0.64 (vs NT$0.12 in FY 2021)Full year 2022 results: EPS: NT$0.64 (up from NT$0.12 in FY 2021). Revenue: NT$1.70b (up 20% from FY 2021). Net income: NT$32.3m (up 456% from FY 2021). Profit margin: 1.9% (up from 0.4% 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 15% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.07 (vs NT$0.12 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$1.07 (up from NT$0.12 loss in 3Q 2021). Revenue: NT$531.2m (up 54% from 3Q 2021). Net income: NT$53.9m (up NT$59.9m from 3Q 2021). Profit margin: 10% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.07 (vs NT$0.12 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$1.07 (up from NT$0.12 loss in 3Q 2021). Revenue: NT$531.2m (up 54% from 3Q 2021). Net income: NT$53.9m (up NT$59.9m from 3Q 2021). Profit margin: 10% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 27Second quarter 2022 earnings released: NT$0.98 loss per share (vs NT$0.13 loss in 2Q 2021)Second quarter 2022 results: NT$0.98 loss per share (down from NT$0.13 loss in 2Q 2021). Revenue: NT$271.6m (down 18% from 2Q 2021). Net loss: NT$49.1m (loss widened NT$42.7m from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 26Redwood Group Ltd Announces Remuneration Committee ChangesRedwood Group Ltd. announced to appoint members of the 5th remuneration committee. Resume of the previous position holder: Chin-huat Guok - Independent Director & Chiarman of Bukit Sembawang and Resume of the new position holder: Yu-chun Hsiao - Private financial advisor. Effective date of the new member is August 25, 2022.
Board Change • Jul 31High number of new directorsDirector Jun-Wei Soh was the last director to join the board, commencing their role in 2022.
お知らせ • Jun 29+ 2 more updatesRedwood Group Ltd Approves Board ChangesRedwood Group Ltd. at its 2022 annual general meeting of shareholders held on June 27, 2022 approved board changes. Title, name and nationality of the previous position holder: directo:, Lee-mui Teh, Singapore, director: Khay-pin Neo, Singapore, independent director: Chin-huat Guok, Taiwan. Resume of the previous position holder: director: Lee-mui Teh, Co-founder of Redwood Group Ltd., director: Khay-pin Neo, Executive Vice President of United Overseas Bank, independent director: Chin-huat Guok - Director of Campbelltown Asia Pte Ltd. Title, name and nationality of the new position holder: director: Jun-wei Soh, Singapore, Independent director: Yu-chun Hsiao, Taiwan. Resume of the new position holder: director: Jun-wei Soh,Operations executive of Redwood Interior Pte Ltd., independent director: Yu-chun Hsiao - Private financial advisor. Reason for the change: Full re-election upon expiration of term. Effective date of the new appointment is June 27, 2022.
Reported Earnings • May 17First quarter 2022 earnings released: NT$0.55 loss per share (vs NT$0.38 loss in 1Q 2021)First quarter 2022 results: NT$0.55 loss per share (down from NT$0.38 loss in 1Q 2021). Revenue: NT$312.7m (up 18% from 1Q 2021). Net loss: NT$27.6m (loss widened 44% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Director Chia-Shi Lo was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$0.12 (up from NT$2.52 loss in FY 2020). Revenue: NT$1.42b (up 83% from FY 2020). Net income: NT$5.82m (up NT$132.3m from FY 2020). Profit margin: 0.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 57%. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 15Third quarter 2021 earnings released: NT$0.12 loss per share (vs NT$0.066 profit in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: NT$344.0m (up 74% from 3Q 2020). Net loss: NT$5.98m (down 281% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 29Second quarter 2021 earnings released: NT$0.13 loss per share (vs NT$0.46 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: NT$331.6m (up 113% from 2Q 2020). Net loss: NT$6.42m (loss narrowed 72% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 13First quarter 2021 earnings released: NT$0.38 loss per share (vs NT$1.51 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$266.2m (up 39% from 1Q 2020). Net loss: NT$19.1m (loss narrowed 75% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 27Full year 2020 earnings released: NT$2.52 loss per share (vs NT$0.59 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$777.5m (down 53% from FY 2019). Net loss: NT$126.4m (down NT$156.2m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 12Redwood Group Ltd, Annual General Meeting, Mar 18, 2021Redwood Group Ltd, Annual General Meeting, Mar 18, 2021. Agenda: To adopt the 2020 financial statements; and to consider re-election of director.
Is New 90 Day High Low • Feb 24New 90-day high: NT$15.05The company is up 11% from its price of NT$13.60 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 15% over the same period.
分析記事 • Feb 19We Think Redwood Group (GTSM:8426) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Is New 90 Day High Low • Jan 18New 90-day low: NT$12.20The company is down 5.0% from its price of NT$12.80 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Nov 19New 90-day high: NT$14.00The company is up 10.0% from its price of NT$12.70 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is up 7.0% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.07The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$198.2m (down 65% from 3Q 2019). Net income: NT$3.31m (down 94% from 3Q 2019). Profit margin: 1.7% (down from 10% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 91% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.
