Tung Ho Textile（1414）株式概要桐和紡績は台湾で天然繊維とポリエステル綿の加工と紡績を行っている。 詳細1414 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績3/6財務の健全性5/6配当金2/6報酬過去1年間で収益は74.5%増加しました リスク分析過去5年間で収益は年間28.8%減少しました。 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見る1414 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$18.40168.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2m1b2016201920222025202620282031Revenue NT$236.6mEarnings NT$30.8mAdvancedSet Fair ValueView all narrativesTung Ho Textile Co., Ltd. 競合他社Nien Hsing TextileSymbol: TWSE:1451Market cap: NT$3.4bYi Jinn IndustrialSymbol: TWSE:1457Market cap: NT$3.3bLan Fa TextileSymbol: TWSE:1459Market cap: NT$3.7bReward Wool IndustrySymbol: TWSE:1423Market cap: NT$3.7b価格と性能株価の高値、安値、推移の概要Tung Ho Textile過去の株価現在の株価NT$18.4052週高値NT$21.9052週安値NT$13.85ベータ0.201ヶ月の変化26.90%3ヶ月変化7.29%1年変化-9.75%3年間の変化-6.97%5年間の変化-6.18%IPOからの変化-70.55%最新ニュースValuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$16.70, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 18x in the Luxury industry in Taiwan. Total loss to shareholders of 5.2% over the past three years.New Risk • May 26New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 103% Dividend yield: 1.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 29% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (103% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.92b market cap, or US$92.9m).Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$0.056 (vs NT$0.022 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.056 (up from NT$0.022 loss in 1Q 2025). Revenue: NT$113.5m (down 15% from 1Q 2025). Net income: NT$11.0m (up NT$16.1m from 1Q 2025). Profit margin: 9.7% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.New Risk • May 12New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.15b market cap, or US$99.8m).New Risk • Apr 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Declared Dividend • Mar 16Dividend of NT$0.20 announcedShareholders will receive a dividend of NT$0.20. Ex-date: 31st March 2026 Payment date: 24th April 2026 Dividend yield will be 6.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (195% earnings payout ratio). However, it is well covered by cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 117% to bring the payout ratio under control. However, EPS has declined by 23% over the last 5 years so the company would need to reverse this trend.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$16.70, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 18x in the Luxury industry in Taiwan. Total loss to shareholders of 5.2% over the past three years.New Risk • May 26New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 103% Dividend yield: 1.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 29% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (103% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.92b market cap, or US$92.9m).Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$0.056 (vs NT$0.022 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.056 (up from NT$0.022 loss in 1Q 2025). Revenue: NT$113.5m (down 15% from 1Q 2025). Net income: NT$11.0m (up NT$16.1m from 1Q 2025). Profit margin: 9.7% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.New Risk • May 12New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.15b market cap, or US$99.8m).New Risk • Apr 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Declared Dividend • Mar 16Dividend of NT$0.20 announcedShareholders will receive a dividend of NT$0.20. Ex-date: 31st March 2026 Payment date: 24th April 2026 Dividend yield will be 6.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (195% earnings payout ratio). However, it is well covered by cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 117% to bring the payout ratio under control. However, EPS has declined by 23% over the last 5 years so the company would need to reverse this trend.お知らせ • Mar 12Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 15, 2026Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 15, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,5, sec.5 shen yih rd., sinyi district, taipei city TaiwanBuy Or Sell Opportunity • Feb 06Now 21% overvaluedOver the last 90 days, the stock has fallen 1.7% to NT$19.55. The fair value is estimated to be NT$16.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 42%.Board Change • Jan 12Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director A-Yu Lin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Dec 24Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.6%).Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.099 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.10. Revenue: NT$99.1m (down 19% from 3Q 2024). Net income: NT$21.8m (flat on 3Q 2024). Profit margin: 22% (up from 18% in 3Q 2024).New Risk • May 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.5% net profit margin).お知らせ • Apr 25Tung Ho Textile Co., Ltd. to Report Q1, 2025 Results on May 05, 2025Tung Ho Textile Co., Ltd. announced that they will report Q1, 2025 results on May 05, 2025New Risk • Apr 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.4% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$16.60, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Negligible returns to shareholders over past three years.Upcoming Dividend • Mar 31Upcoming dividend of NT$0.23 per shareEligible shareholders must have bought the stock before 07 April 2025. Payment date: 02 May 2025. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.8%). Lower than average of industry peers (3.6%).Reported Earnings • Mar 30Full year 2024 earnings released: EPS: NT$0.26 (vs NT$0.15 in FY 2023)Full year 2024 results: EPS: NT$0.26 (up from NT$0.15 in FY 2023). Revenue: NT$523.9m (down 7.6% from FY 2023). Net income: NT$56.7m (up 73% from FY 2023). Profit margin: 11% (up from 5.8% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.分析記事 • Mar 17Tung Ho Textile's (TWSE:1414) Shareholders Will Receive A Smaller Dividend Than Last YearTung Ho Textile Co., Ltd. ( TWSE:1414 ) is reducing its dividend to NT$0.23 on the 2nd of Maywhich is 8.0% less than...Declared Dividend • Mar 17Dividend reduced to NT$0.23Dividend of NT$0.23 is 8.0% lower than last year. Ex-date: 7th April 2025 Payment date: 2nd May 2025 Dividend yield will be 1.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (31% 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 3.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 13Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 16, 2025Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,5, sec.5 shen yih rd., sinyi district, taipei city Taiwanお知らせ • Mar 04Tung Ho Textile Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Tung Ho Textile Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025分析記事 • Nov 21We Think That There Are Some Issues For Tung Ho Textile (TWSE:1414) Beyond Its Promising EarningsTung Ho Textile Co., Ltd.'s ( TWSE:1414 ) healthy profit numbers didn't contain any surprises for investors. We think...Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.067 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.10 (up from NT$0.067 in 3Q 2023). Revenue: NT$122.4m (down 16% from 3Q 2023). Net income: NT$21.8m (up 48% from 3Q 2023). Profit margin: 18% (up from 10% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • Nov 05Tung Ho Textile Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024Tung Ho Textile Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024Buy Or Sell Opportunity • Aug 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to NT$22.05. The fair value is estimated to be NT$18.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 42%.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.077 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.08. Revenue: NT$142.8m (up 3.9% from 2Q 2023). Net income: NT$16.7m (down 1.5% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023).お知らせ • Aug 02Tung Ho Textile Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Tung Ho Textile Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024お知らせ • Jun 19+ 1 more updateTung Ho Textile Co., Ltd. Appoints LIN,A-YU as Member of Audit CommitteeTung Ho Textile Co., Ltd. announced the New Audit Committee Member. Name of the new position holder: LIN,A-YU; Resume of the new position holder: RSM Taiwan Partnership Accountant. Reason for the change: By-election of an independent director. Effective date of the new member: June 18, 2024.分析記事 • Jun 07Is Tung Ho Textile (TWSE:1414) Weighed On By Its Debt Load?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.04 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.08 (up from NT$0.04 loss in 1Q 2023). Revenue: NT$140.1m (flat on 1Q 2023). Net income: NT$18.1m (up NT$27.0m from 1Q 2023). Profit margin: 13% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Upcoming Dividend • Apr 01Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 08 April 2024. Payment date: 03 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (4.6%). Lower than average of industry peers (3.4%).分析記事 • Mar 22Earnings Troubles May Signal Larger Issues for Tung Ho Textile (TWSE:1414) ShareholdersThe subdued market reaction suggests that Tung Ho Textile Co., Ltd.'s ( TWSE:1414 ) recent earnings didn't contain any...Reported Earnings • Mar 16Full year 2023 earnings released: EPS: NT$0.15 (vs NT$0.47 in FY 2022)Full year 2023 results: EPS: NT$0.15 (down from NT$0.47 in FY 2022). Revenue: NT$566.7m (down 18% from FY 2022). Net income: NT$32.8m (down 69% from FY 2022). Profit margin: 5.8% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • Mar 15Tung Ho Textile Co., Ltd. Announces Cash Dividend, Payable on May 3, 2024Tung Ho Textile Co., Ltd. announced cash dividend of TWD 0.25 per share at the meeting held on March 14, 2024. Ex-rights (ex-dividend) trading date is April 8, 2024, Ex-rights (ex-dividend) record date is April 14, 2024 and Payment date of cash dividend distribution is May 3, 2024.お知らせ • Mar 09Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 18, 2024Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: 2F, No.5, Section 5, Xinyi Road, Xinyi District, (No.2 Conference Room,Exhibition Building,Taipei World Trade Center, Foreign Trade Association) Taipei City Taiwan Agenda: To consider 2023 Business report; to consider Report on Audit Committee's review of 2023 final statements; to consider Report on the 2023 balance of guarantee provided to and by external parties; to consider Report on the payment of employee compensation and director remuneration of 2023; to consider Report on cash dividends from 2023 profits; to consider 2023 Business report and financial statements; to consider 2023 Earnings distribution proposal; and to consider By-election of an independent director.分析記事 • Mar 08Revenues Not Telling The Story For Tung Ho Textile Co., Ltd. (TWSE:1414)When close to half the companies in the Luxury industry in Taiwan have price-to-sales ratios (or "P/S") below 1.3x, you...お知らせ • Jan 26Tung Ho Textile Co., Ltd. Announces the Demise of Hwang, Jin-Fa, Independent DirectorTung Ho Textile Co., Ltd. announced the demise of Hwang, Jin-Fa, Independent Director.お知らせ • Jan 25Tung Ho Textile Co., Ltd. Announces the Demise of Hwang, Jin-Fa, Member of Audit Committee and Independent DirectorTung Ho Textile Co., Ltd. announced the demise of Hwang, Jin-Fa, Member of Audit Committee and Independent Director.New Risk • Sep 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.5% net profit margin).Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$0.08 (vs NT$0.21 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.08 (down from NT$0.21 in 2Q 2022). Revenue: NT$137.4m (down 32% from 2Q 2022). Net income: NT$17.0m (down 63% from 2Q 2022). Profit margin: 12% (down from 23% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jun 13Tung Ho Textile Co., Ltd. Approves Distribution for 2022Tung Ho Textile Co., Ltd. approves 2022 earnings distribution proposal with cash dividend TWD 0.32 per share.Upcoming Dividend • Jun 07Upcoming dividend of NT$0.32 per share at 1.8% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 12 July 2023. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.6%).お知らせ • May 10Tung Ho Textile Co., Ltd. Announces Cash Dividend for the Year 2022, Payable on July 12, 2023Tung Ho Textile Co., Ltd. announced cash dividend of TWD 0.32 per share at shareholder meeting held on May 9, 2023. Ex-rights (ex-dividend) trading date is June 14, 2023, Ex-rights (ex-dividend) record date is June 20, 2023 and Payment date of cash dividend distribution is July 12, 2023.Reported Earnings • Mar 21Full year 2022 earnings released: EPS: NT$0.47 (vs NT$0.65 in FY 2021)Full year 2022 results: EPS: NT$0.47 (down from NT$0.65 in FY 2021). Revenue: NT$688.9m (down 15% from FY 2021). Net income: NT$104.4m (down 27% from FY 2021). Profit margin: 15% (down from 18% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16Less 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.21 (vs NT$0.14 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.21 (up from NT$0.14 in 2Q 2021). Revenue: NT$201.1m (up 1.9% from 2Q 2021). Net income: NT$45.7m (up 45% from 2Q 2021). Profit margin: 23% (up from 16% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 05Upcoming dividend of NT$0.54 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 05 August 2022. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.0%).お知らせ • Jun 18Tung Ho Textile Co., Ltd. Announces Cash Dividend for the Year 2021Tung Ho Textile Co., Ltd. announced the cash dividend of TWD 0.538 per share for the year 2021, at the AGM held on June 17, 2022.Reported Earnings • May 04First quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.08 in 1Q 2021)First quarter 2022 results: EPS: NT$0.11 (up from NT$0.08 in 1Q 2021). Revenue: NT$185.5m (down 8.6% from 1Q 2021). Net income: NT$23.4m (up 33% from 1Q 2021). Profit margin: 13% (up from 8.7% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$0.65 (up from NT$0.27 in FY 2020). Revenue: NT$809.7m (up 15% from FY 2020). Net income: NT$142.5m (up 143% from FY 2020). Profit margin: 18% (up from 8.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.22 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$198.1m (up 24% from 3Q 2020). Net income: NT$60.0m (up 23% from 3Q 2020). Profit margin: 30% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$0.14 (vs NT$0.087 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$197.4m (up 65% from 2Q 2020). Net income: NT$31.5m (up 65% from 2Q 2020). Profit margin: 16% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 12Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 12 August 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.3%).Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to NT$15.40, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Total returns to shareholders of 124% over the past three years.Reported Earnings • Apr 28First quarter 2021 earnings released: EPS NT$0.08 (vs NT$0.098 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$202.9m (down 3.4% from 1Q 2020). Net income: NT$17.6m (up NT$39.2m from 1Q 2020). Profit margin: 8.7% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$16.20, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 26x in the Luxury industry in Taiwan. Total returns to shareholders of 133% over the past three years.分析記事 • Apr 14Health Check: How Prudently Does Tung Ho Textile (TPE:1414) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$15.20, the stock trades at a trailing P/E ratio of 56.3x. Average trailing P/E is 23x in the Luxury industry in Taiwan. Total returns to shareholders of 118% over the past three years.Reported Earnings • Mar 19Full year 2020 earnings released: EPS NT$0.27 (vs NT$0.17 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$702.5m (down 11% from FY 2019). Net income: NT$58.6m (up 61% from FY 2019). Profit margin: 8.3% (up from 4.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.分析記事 • Mar 16Is Tung Ho Textile's (TPE:1414) Share Price Gain Of 127% Well Earned?Unfortunately, investing is risky - companies can and do go bankrupt. But when you pick a company that is really...分析記事 • Feb 10Would Tung Ho Textile Co., Ltd. (TPE:1414) Be Valuable To Income Investors?Is Tung Ho Textile Co., Ltd. ( TPE:1414 ) a good dividend stock? How can we tell? Dividend paying companies with...分析記事 • Jan 14Here's Why Tung Ho Textile (TPE:1414) Can Afford Some DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Dec 19We're Not So Sure You Should Rely on Tung Ho Textile's (TPE:1414) Statutory EarningsMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...分析記事 • Nov 23Tung Ho Textile (TPE:1414) Has Gifted Shareholders With A Fantastic 189% Total Return On Their InvestmentThe most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.22The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$159.8m (down 16% from 3Q 2019). Net income: NT$48.9m (up NT$43.0m from 3Q 2019). Profit margin: 31% (up from 3.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Oct 29New 90-day high: NT$11.30The company is up 71% from its price of NT$6.59 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 7.0% over the same period.Valuation Update With 7 Day Price Move • Oct 29Market bids up stock over the past weekAfter last week's 16% share price gain to NT$11.30, the stock is trading at a trailing P/E ratio of 47.2x, up from the previous P/E ratio of 40.5x. This compares to an average P/E of 20x in the Luxury industry in Taiwan. Total returns to shareholders over the past three years are 91%.Valuation Update With 7 Day Price Move • Oct 13Market bids up stock over the past weekAfter last week's 17% share price gain to NT$9.85, the stock is trading at a trailing P/E ratio of 41.1x, up from the previous P/E ratio of 35.2x. This compares to an average P/E of 20x in the Luxury industry in Taiwan. Total returns to shareholders over the past three years are 69%.Is New 90 Day High Low • Oct 13New 90-day high: NT$9.85The company is up 40% from its price of NT$7.04 on 15 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 3.0% over the same period.Is New 90 Day High Low • Sep 18New 90-day high: NT$8.88The company is up 17% from its price of NT$7.58 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 1.0% over the same period.株主還元1414TW LuxuryTW 市場7D5.4%-1.6%-2.2%1Y-9.8%-16.5%102.6%株主還元を見る業界別リターン: 1414過去 1 年間で-16.5 % の収益を上げたTW Luxury業界を上回りました。リターン対市場: 1414は、過去 1 年間で102.6 % のリターンを上げたTW市場を下回りました。価格変動Is 1414's price volatile compared to industry and market?1414 volatility1414 Average Weekly Movement4.3%Luxury Industry Average Movement4.2%Market Average Movement6.5%10% most volatile stocks in TW Market12.1%10% least volatile stocks in TW Market2.6%安定した株価: 1414 、 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: 1414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1948n/aChia-Heng Changwww.tungho.com.tw桐和紡績は台湾で天然繊維とポリエステル綿の加工と紡績を行っている。天然繊維、ポリエステル、リヨセル、ビスコース、アクリル/アクリレートなどの繊維を扱う。また、国民住宅の建設、賃貸、販売、人工繊維の取引も行っている。1948年に設立され、本社は台湾の台南市にある。もっと見るTung Ho Textile Co., Ltd. 基礎のまとめTung Ho Textile の収益と売上を時価総額と比較するとどうか。1414 基礎統計学時価総額NT$3.64b収益（TTM）NT$58.31m売上高(TTM)NT$448.19m62.5xPER（株価収益率8.1xP/Sレシオ1414 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1414 損益計算書（TTM）収益NT$448.19m売上原価NT$391.82m売上総利益NT$56.36mその他の費用-NT$1.95m収益NT$58.31m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）0.29グロス・マージン12.58%純利益率13.01%有利子負債／自己資本比率17.6%1414 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1.1%現在の配当利回り72%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2026/06/30 06:36終値2026/06/30 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Tung Ho Textile 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
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$16.70, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 18x in the Luxury industry in Taiwan. Total loss to shareholders of 5.2% over the past three years.
New Risk • May 26New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 103% Dividend yield: 1.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 29% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (103% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.92b market cap, or US$92.9m).
Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$0.056 (vs NT$0.022 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.056 (up from NT$0.022 loss in 1Q 2025). Revenue: NT$113.5m (down 15% from 1Q 2025). Net income: NT$11.0m (up NT$16.1m from 1Q 2025). Profit margin: 9.7% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.
New Risk • May 12New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.15b market cap, or US$99.8m).
New Risk • Apr 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Declared Dividend • Mar 16Dividend of NT$0.20 announcedShareholders will receive a dividend of NT$0.20. Ex-date: 31st March 2026 Payment date: 24th April 2026 Dividend yield will be 6.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (195% earnings payout ratio). However, it is well covered by cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 117% to bring the payout ratio under control. However, EPS has declined by 23% over the last 5 years so the company would need to reverse this trend.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$16.70, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 18x in the Luxury industry in Taiwan. Total loss to shareholders of 5.2% over the past three years.
New Risk • May 26New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 103% Dividend yield: 1.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 29% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (103% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.92b market cap, or US$92.9m).
Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$0.056 (vs NT$0.022 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.056 (up from NT$0.022 loss in 1Q 2025). Revenue: NT$113.5m (down 15% from 1Q 2025). Net income: NT$11.0m (up NT$16.1m from 1Q 2025). Profit margin: 9.7% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.
New Risk • May 12New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.15b market cap, or US$99.8m).
New Risk • Apr 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Declared Dividend • Mar 16Dividend of NT$0.20 announcedShareholders will receive a dividend of NT$0.20. Ex-date: 31st March 2026 Payment date: 24th April 2026 Dividend yield will be 6.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (195% earnings payout ratio). However, it is well covered by cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 117% to bring the payout ratio under control. However, EPS has declined by 23% over the last 5 years so the company would need to reverse this trend.
お知らせ • Mar 12Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 15, 2026Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 15, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,5, sec.5 shen yih rd., sinyi district, taipei city Taiwan
Buy Or Sell Opportunity • Feb 06Now 21% overvaluedOver the last 90 days, the stock has fallen 1.7% to NT$19.55. The fair value is estimated to be NT$16.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 42%.
Board Change • Jan 12Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director A-Yu Lin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Dec 24Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.6%).
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.099 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.10. Revenue: NT$99.1m (down 19% from 3Q 2024). Net income: NT$21.8m (flat on 3Q 2024). Profit margin: 22% (up from 18% in 3Q 2024).
New Risk • May 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.5% net profit margin).
お知らせ • Apr 25Tung Ho Textile Co., Ltd. to Report Q1, 2025 Results on May 05, 2025Tung Ho Textile Co., Ltd. announced that they will report Q1, 2025 results on May 05, 2025
New Risk • Apr 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.4% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$16.60, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Negligible returns to shareholders over past three years.
Upcoming Dividend • Mar 31Upcoming dividend of NT$0.23 per shareEligible shareholders must have bought the stock before 07 April 2025. Payment date: 02 May 2025. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.8%). Lower than average of industry peers (3.6%).
Reported Earnings • Mar 30Full year 2024 earnings released: EPS: NT$0.26 (vs NT$0.15 in FY 2023)Full year 2024 results: EPS: NT$0.26 (up from NT$0.15 in FY 2023). Revenue: NT$523.9m (down 7.6% from FY 2023). Net income: NT$56.7m (up 73% from FY 2023). Profit margin: 11% (up from 5.8% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
分析記事 • Mar 17Tung Ho Textile's (TWSE:1414) Shareholders Will Receive A Smaller Dividend Than Last YearTung Ho Textile Co., Ltd. ( TWSE:1414 ) is reducing its dividend to NT$0.23 on the 2nd of Maywhich is 8.0% less than...
Declared Dividend • Mar 17Dividend reduced to NT$0.23Dividend of NT$0.23 is 8.0% lower than last year. Ex-date: 7th April 2025 Payment date: 2nd May 2025 Dividend yield will be 1.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (31% 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 3.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 13Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 16, 2025Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,5, sec.5 shen yih rd., sinyi district, taipei city Taiwan
お知らせ • Mar 04Tung Ho Textile Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Tung Ho Textile Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025
分析記事 • Nov 21We Think That There Are Some Issues For Tung Ho Textile (TWSE:1414) Beyond Its Promising EarningsTung Ho Textile Co., Ltd.'s ( TWSE:1414 ) healthy profit numbers didn't contain any surprises for investors. We think...
Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.067 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.10 (up from NT$0.067 in 3Q 2023). Revenue: NT$122.4m (down 16% from 3Q 2023). Net income: NT$21.8m (up 48% from 3Q 2023). Profit margin: 18% (up from 10% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • Nov 05Tung Ho Textile Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024Tung Ho Textile Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024
Buy Or Sell Opportunity • Aug 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to NT$22.05. The fair value is estimated to be NT$18.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 42%.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.077 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.08. Revenue: NT$142.8m (up 3.9% from 2Q 2023). Net income: NT$16.7m (down 1.5% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023).
お知らせ • Aug 02Tung Ho Textile Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Tung Ho Textile Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024
お知らせ • Jun 19+ 1 more updateTung Ho Textile Co., Ltd. Appoints LIN,A-YU as Member of Audit CommitteeTung Ho Textile Co., Ltd. announced the New Audit Committee Member. Name of the new position holder: LIN,A-YU; Resume of the new position holder: RSM Taiwan Partnership Accountant. Reason for the change: By-election of an independent director. Effective date of the new member: June 18, 2024.
分析記事 • Jun 07Is Tung Ho Textile (TWSE:1414) Weighed On By Its Debt Load?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.04 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.08 (up from NT$0.04 loss in 1Q 2023). Revenue: NT$140.1m (flat on 1Q 2023). Net income: NT$18.1m (up NT$27.0m from 1Q 2023). Profit margin: 13% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Upcoming Dividend • Apr 01Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 08 April 2024. Payment date: 03 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (4.6%). Lower than average of industry peers (3.4%).
分析記事 • Mar 22Earnings Troubles May Signal Larger Issues for Tung Ho Textile (TWSE:1414) ShareholdersThe subdued market reaction suggests that Tung Ho Textile Co., Ltd.'s ( TWSE:1414 ) recent earnings didn't contain any...
Reported Earnings • Mar 16Full year 2023 earnings released: EPS: NT$0.15 (vs NT$0.47 in FY 2022)Full year 2023 results: EPS: NT$0.15 (down from NT$0.47 in FY 2022). Revenue: NT$566.7m (down 18% from FY 2022). Net income: NT$32.8m (down 69% from FY 2022). Profit margin: 5.8% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • Mar 15Tung Ho Textile Co., Ltd. Announces Cash Dividend, Payable on May 3, 2024Tung Ho Textile Co., Ltd. announced cash dividend of TWD 0.25 per share at the meeting held on March 14, 2024. Ex-rights (ex-dividend) trading date is April 8, 2024, Ex-rights (ex-dividend) record date is April 14, 2024 and Payment date of cash dividend distribution is May 3, 2024.
お知らせ • Mar 09Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 18, 2024Tung Ho Textile Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: 2F, No.5, Section 5, Xinyi Road, Xinyi District, (No.2 Conference Room,Exhibition Building,Taipei World Trade Center, Foreign Trade Association) Taipei City Taiwan Agenda: To consider 2023 Business report; to consider Report on Audit Committee's review of 2023 final statements; to consider Report on the 2023 balance of guarantee provided to and by external parties; to consider Report on the payment of employee compensation and director remuneration of 2023; to consider Report on cash dividends from 2023 profits; to consider 2023 Business report and financial statements; to consider 2023 Earnings distribution proposal; and to consider By-election of an independent director.
分析記事 • Mar 08Revenues Not Telling The Story For Tung Ho Textile Co., Ltd. (TWSE:1414)When close to half the companies in the Luxury industry in Taiwan have price-to-sales ratios (or "P/S") below 1.3x, you...
お知らせ • Jan 26Tung Ho Textile Co., Ltd. Announces the Demise of Hwang, Jin-Fa, Independent DirectorTung Ho Textile Co., Ltd. announced the demise of Hwang, Jin-Fa, Independent Director.
お知らせ • Jan 25Tung Ho Textile Co., Ltd. Announces the Demise of Hwang, Jin-Fa, Member of Audit Committee and Independent DirectorTung Ho Textile Co., Ltd. announced the demise of Hwang, Jin-Fa, Member of Audit Committee and Independent Director.
New Risk • Sep 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.5% net profit margin).
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$0.08 (vs NT$0.21 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.08 (down from NT$0.21 in 2Q 2022). Revenue: NT$137.4m (down 32% from 2Q 2022). Net income: NT$17.0m (down 63% from 2Q 2022). Profit margin: 12% (down from 23% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jun 13Tung Ho Textile Co., Ltd. Approves Distribution for 2022Tung Ho Textile Co., Ltd. approves 2022 earnings distribution proposal with cash dividend TWD 0.32 per share.
Upcoming Dividend • Jun 07Upcoming dividend of NT$0.32 per share at 1.8% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 12 July 2023. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.6%).
お知らせ • May 10Tung Ho Textile Co., Ltd. Announces Cash Dividend for the Year 2022, Payable on July 12, 2023Tung Ho Textile Co., Ltd. announced cash dividend of TWD 0.32 per share at shareholder meeting held on May 9, 2023. Ex-rights (ex-dividend) trading date is June 14, 2023, Ex-rights (ex-dividend) record date is June 20, 2023 and Payment date of cash dividend distribution is July 12, 2023.
Reported Earnings • Mar 21Full year 2022 earnings released: EPS: NT$0.47 (vs NT$0.65 in FY 2021)Full year 2022 results: EPS: NT$0.47 (down from NT$0.65 in FY 2021). Revenue: NT$688.9m (down 15% from FY 2021). Net income: NT$104.4m (down 27% from FY 2021). Profit margin: 15% (down from 18% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16Less 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.21 (vs NT$0.14 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.21 (up from NT$0.14 in 2Q 2021). Revenue: NT$201.1m (up 1.9% from 2Q 2021). Net income: NT$45.7m (up 45% from 2Q 2021). Profit margin: 23% (up from 16% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 05Upcoming dividend of NT$0.54 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 05 August 2022. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.0%).
お知らせ • Jun 18Tung Ho Textile Co., Ltd. Announces Cash Dividend for the Year 2021Tung Ho Textile Co., Ltd. announced the cash dividend of TWD 0.538 per share for the year 2021, at the AGM held on June 17, 2022.
Reported Earnings • May 04First quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.08 in 1Q 2021)First quarter 2022 results: EPS: NT$0.11 (up from NT$0.08 in 1Q 2021). Revenue: NT$185.5m (down 8.6% from 1Q 2021). Net income: NT$23.4m (up 33% from 1Q 2021). Profit margin: 13% (up from 8.7% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$0.65 (up from NT$0.27 in FY 2020). Revenue: NT$809.7m (up 15% from FY 2020). Net income: NT$142.5m (up 143% from FY 2020). Profit margin: 18% (up from 8.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.22 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$198.1m (up 24% from 3Q 2020). Net income: NT$60.0m (up 23% from 3Q 2020). Profit margin: 30% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$0.14 (vs NT$0.087 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$197.4m (up 65% from 2Q 2020). Net income: NT$31.5m (up 65% from 2Q 2020). Profit margin: 16% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 12Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 12 August 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.3%).
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to NT$15.40, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Total returns to shareholders of 124% over the past three years.
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS NT$0.08 (vs NT$0.098 loss in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$202.9m (down 3.4% from 1Q 2020). Net income: NT$17.6m (up NT$39.2m from 1Q 2020). Profit margin: 8.7% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$16.20, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 26x in the Luxury industry in Taiwan. Total returns to shareholders of 133% over the past three years.
分析記事 • Apr 14Health Check: How Prudently Does Tung Ho Textile (TPE:1414) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$15.20, the stock trades at a trailing P/E ratio of 56.3x. Average trailing P/E is 23x in the Luxury industry in Taiwan. Total returns to shareholders of 118% over the past three years.
Reported Earnings • Mar 19Full year 2020 earnings released: EPS NT$0.27 (vs NT$0.17 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$702.5m (down 11% from FY 2019). Net income: NT$58.6m (up 61% from FY 2019). Profit margin: 8.3% (up from 4.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
分析記事 • Mar 16Is Tung Ho Textile's (TPE:1414) Share Price Gain Of 127% Well Earned?Unfortunately, investing is risky - companies can and do go bankrupt. But when you pick a company that is really...
分析記事 • Feb 10Would Tung Ho Textile Co., Ltd. (TPE:1414) Be Valuable To Income Investors?Is Tung Ho Textile Co., Ltd. ( TPE:1414 ) a good dividend stock? How can we tell? Dividend paying companies with...
分析記事 • Jan 14Here's Why Tung Ho Textile (TPE:1414) Can Afford Some DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Dec 19We're Not So Sure You Should Rely on Tung Ho Textile's (TPE:1414) Statutory EarningsMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
分析記事 • Nov 23Tung Ho Textile (TPE:1414) Has Gifted Shareholders With A Fantastic 189% Total Return On Their InvestmentThe most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.22The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$159.8m (down 16% from 3Q 2019). Net income: NT$48.9m (up NT$43.0m from 3Q 2019). Profit margin: 31% (up from 3.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Oct 29New 90-day high: NT$11.30The company is up 71% from its price of NT$6.59 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 7.0% over the same period.
Valuation Update With 7 Day Price Move • Oct 29Market bids up stock over the past weekAfter last week's 16% share price gain to NT$11.30, the stock is trading at a trailing P/E ratio of 47.2x, up from the previous P/E ratio of 40.5x. This compares to an average P/E of 20x in the Luxury industry in Taiwan. Total returns to shareholders over the past three years are 91%.
Valuation Update With 7 Day Price Move • Oct 13Market bids up stock over the past weekAfter last week's 17% share price gain to NT$9.85, the stock is trading at a trailing P/E ratio of 41.1x, up from the previous P/E ratio of 35.2x. This compares to an average P/E of 20x in the Luxury industry in Taiwan. Total returns to shareholders over the past three years are 69%.
Is New 90 Day High Low • Oct 13New 90-day high: NT$9.85The company is up 40% from its price of NT$7.04 on 15 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 3.0% over the same period.
Is New 90 Day High Low • Sep 18New 90-day high: NT$8.88The company is up 17% from its price of NT$7.58 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 1.0% over the same period.
