Nien Hsing Textile（1451）株式概要Nien Hsing Textile Co., Ltd.は、台湾内外でデニム生地、デニム製品、糸を製造・販売している。 詳細1451 ファンダメンタル分析スノーフレーク・スコア評価1/6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2/6報酬株価収益率（ 19.3 x） TW市場（ 23.3 x）を下回っています。リスク分析5.87%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 利益率(2.7%)は昨年より低い(7.9%) すべてのリスクチェックを見る1451 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$17.0596.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-313m13b2016201920222025202620282031Revenue NT$4.6bEarnings NT$125.2mAdvancedSet Fair ValueView all narrativesNien Hsing Textile Co., Ltd. 競合他社Yi Jinn IndustrialSymbol: TWSE:1457Market cap: NT$3.3bTung Ho TextileSymbol: TWSE:1414Market cap: NT$3.5bFulin Plastic Industry (Cayman) HoldingSymbol: TWSE:1341Market cap: NT$3.1bLan Fa TextileSymbol: TWSE:1459Market cap: NT$3.7b価格と性能株価の高値、安値、推移の概要Nien Hsing Textile過去の株価現在の株価NT$17.0552週高値NT$19.2552週安値NT$16.30ベータ-0.0181ヶ月の変化3.02%3ヶ月変化-5.54%1年変化-8.09%3年間の変化-22.15%5年間の変化-20.14%IPOからの変化-80.46%最新ニュースNew Risk • May 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 116% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 116% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin).Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.47 (vs NT$1.34 in 1Q 2025)First quarter 2026 results: EPS: NT$0.47 (down from NT$1.34 in 1Q 2025). Revenue: NT$1.53b (up 13% from 1Q 2025). Net income: NT$92.3m (down 65% from 1Q 2025). Profit margin: 6.0% (down from 20% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 09Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 16 April 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (4.9%).New Risk • Mar 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 175% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Declared Dividend • Mar 12Dividend of NT$1.00 announcedDividend of NT$1.00 is the same as last year. Ex-date: 16th April 2026 Payment date: 18th May 2026 Dividend yield will be 5.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 17% 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 11+ 1 more updateNien Hsing Textile Co., Ltd. announces Annual dividend, payable on May 18, 2026Nien Hsing Textile Co., Ltd. announced Annual dividend of TWD 1.0000 per share payable on May 18, 2026, ex-date on April 16, 2026 and record date on April 17, 2026.最新情報をもっと見るRecent updatesNew Risk • May 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 116% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 116% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin).Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.47 (vs NT$1.34 in 1Q 2025)First quarter 2026 results: EPS: NT$0.47 (down from NT$1.34 in 1Q 2025). Revenue: NT$1.53b (up 13% from 1Q 2025). Net income: NT$92.3m (down 65% from 1Q 2025). Profit margin: 6.0% (down from 20% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 09Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 16 April 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (4.9%).New Risk • Mar 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 175% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Declared Dividend • Mar 12Dividend of NT$1.00 announcedDividend of NT$1.00 is the same as last year. Ex-date: 16th April 2026 Payment date: 18th May 2026 Dividend yield will be 5.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 17% 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 11+ 1 more updateNien Hsing Textile Co., Ltd. announces Annual dividend, payable on May 18, 2026Nien Hsing Textile Co., Ltd. announced Annual dividend of TWD 1.0000 per share payable on May 18, 2026, ex-date on April 16, 2026 and record date on April 17, 2026.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$1.76 (vs NT$1.22 in FY 2024)Full year 2025 results: EPS: NT$1.76 (up from NT$1.22 in FY 2024). Revenue: NT$6.26b (down 2.5% from FY 2024). Net income: NT$349.1m (up 44% from FY 2024). Profit margin: 5.6% (up from 3.8% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.New Risk • Nov 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 225% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$0.55 (vs NT$0.43 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.55 (up from NT$0.43 in 3Q 2024). Revenue: NT$1.56b (down 4.5% from 3Q 2024). Net income: NT$108.5m (up 26% from 3Q 2024). Profit margin: 7.0% (up from 5.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.44 loss per share (vs NT$0.33 profit in 2Q 2024)Second quarter 2025 results: NT$0.44 loss per share (down from NT$0.33 profit in 2Q 2024). Revenue: NT$1.78b (up 8.9% from 2Q 2024). Net loss: NT$87.8m (down 236% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year.New Risk • May 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 90% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$1.34 (vs NT$0.15 in 1Q 2024)First quarter 2025 results: EPS: NT$1.34 (up from NT$0.15 in 1Q 2024). Revenue: NT$1.35b (down 20% from 1Q 2024). Net income: NT$266.0m (up NT$237.2m from 1Q 2024). Profit margin: 20% (up from 1.7% in 1Q 2024). 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 only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • May 01Nien Hsing Textile Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Nien Hsing Textile Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025Upcoming Dividend • Apr 10Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 17 April 2025. Payment date: 19 May 2025. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 5.6%. Lower than top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (4.9%).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$18.10, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Total returns to shareholders of 7.3% over the past three years.Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$1.22 (vs NT$1.83 loss in FY 2023)Full year 2024 results: EPS: NT$1.22 (up from NT$1.83 loss in FY 2023). Revenue: NT$6.42b (up 1.0% from FY 2023). Net income: NT$242.2m (up NT$605.1m from FY 2023). Profit margin: 3.8% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.お知らせ • Mar 13Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 17, 2025Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 17, 2025, at 09:00 Taipei Standard Time. Location: 13 floor no,306, sec.1 nei hu rd., neihu district, taipei city Taiwanお知らせ • Mar 12Nien Hsing Textile Co., Ltd. Approves Cash Dividend for the Year Ended December 31, 2024Nien Hsing Textile Co., Ltd. approved cash dividend of 1.0 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders: TWD 198,000,000.お知らせ • Mar 04Nien Hsing Textile Co., Ltd. to Report Q4, 2024 Results on Mar 11, 2025Nien Hsing Textile Co., Ltd. announced that they will report Q4, 2024 results on Mar 11, 2025分析記事 • Nov 14Nien Hsing Textile's (TWSE:1451) Solid Earnings May Rest On Weak FoundationsThe recent earnings posted by Nien Hsing Textile Co., Ltd. ( TWSE:1451 ) were solid, but the stock didn't move as much...Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.44 (vs NT$0.031 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.44 (up from NT$0.031 loss in 3Q 2023). Revenue: NT$1.63b (flat on 3Q 2023). Net income: NT$86.2m (up NT$92.2m from 3Q 2023). Profit margin: 5.3% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.お知らせ • Oct 29Nien Hsing Textile Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024Nien Hsing Textile Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: NT$0.33 (vs NT$0.13 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.33 (up from NT$0.13 loss in 2Q 2023). Revenue: NT$1.63b (down 6.8% from 2Q 2023). Net income: NT$64.4m (up NT$89.6m from 2Q 2023). Profit margin: 3.9% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.お知らせ • Jul 24Nien Hsing Textile Co., Ltd. to Report Q2, 2024 Results on Aug 02, 2024Nien Hsing Textile Co., Ltd. announced that they will report Q2, 2024 results on Aug 02, 2024分析記事 • Jun 20Nien Hsing Textile (TWSE:1451) Is Paying Out Less In Dividends Than Last YearNien Hsing Textile Co., Ltd.'s ( TWSE:1451 ) dividend is being reduced from last year's payment covering the same...Declared Dividend • Jun 20Dividend reduced to NT$0.50Dividend of NT$0.50 is 75% lower than last year. Ex-date: 4th July 2024 Payment date: 2nd August 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (26% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$0.15 (vs NT$1.08 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.15 (up from NT$1.08 loss in 1Q 2023). Revenue: NT$1.69b (up 12% from 1Q 2023). Net income: NT$28.8m (up NT$242.1m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Apr 28Nien Hsing Textile Co., Ltd. to Report Q1, 2024 Results on May 06, 2024Nien Hsing Textile Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 06, 2024New Risk • Mar 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 107% Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 107% Earnings have declined by 6.0% per year over the past 5 years.お知らせ • Mar 09+ 1 more updateNien Hsing Textile Co., Ltd., Annual General Meeting, Jun 18, 2024Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: No. 119-3, Xiafuwei, Houlong Township, Miaoli County 356003 , Taiwan (R.O.C.) Miaoli City Taiwan Agenda: To consider report 2023 business operation; to consider audit Committee's 2023 review report; to consider report 2023 employees' compensation of profit sharing; to consider amendments to the Rules and Procedures of Board of Directors Meetings; and to transact such other business matters.Board Change • Feb 21Less 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. 6 non-independent directors. Director Jih Chao Lee was the last director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 23Nien Hsing Textile Co., Ltd. Announce to Suspend Operation of Houlong FactoryNien Hsing Textile Co., Ltd. announced that Houlong Denim Factory will fully suspend the operation after existing orders are digested. In accordance with the law, the Company will also notify comptent authorities and offer employees severance pay. (1) The price of cotton, the main raw material of denim fabrics, fluctuates violently. (2) Houlong Denim Factory is facing serious labor shortage and difficult to recruit workers. (3) Global inflation suppresses consumer demand, causing serious order shrinkage.Reported Earnings • Nov 05Third quarter 2023 earnings released: NT$0.03 loss per share (vs NT$0.57 profit in 3Q 2022)Third quarter 2023 results: NT$0.03 loss per share (down from NT$0.57 profit in 3Q 2022). Revenue: NT$1.63b (down 32% from 3Q 2022). Net loss: NT$6.05m (down 105% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.New Risk • Aug 06New major risk - Revenue and earnings growthEarnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.6% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making.Reported Earnings • Aug 05Second quarter 2023 earnings released: NT$0.13 loss per share (vs NT$0.85 profit in 2Q 2022)Second quarter 2023 results: NT$0.13 loss per share (down from NT$0.85 profit in 2Q 2022). Revenue: NT$1.75b (down 29% from 2Q 2022). Net loss: NT$25.2m (down 115% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 26Upcoming dividend of NT$2.00 per share at 9.1% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 01 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 9.1%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.4%).Reported Earnings • Mar 16Full year 2022 earnings released: EPS: NT$2.15 (vs NT$1.23 in FY 2021)Full year 2022 results: EPS: NT$2.15 (up from NT$1.23 in FY 2021). Revenue: NT$8.70b (up 8.5% from FY 2021). Net income: NT$426.5m (up 76% from FY 2021). Profit margin: 4.9% (up from 3.0% 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 105% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less 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. 6 non-independent directors. Chairman of the Board Vincent Chen was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$0.57 (vs NT$0.46 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.57 (up from NT$0.46 in 3Q 2021). Revenue: NT$2.41b (up 3.6% from 3Q 2021). Net income: NT$112.0m (up 24% from 3Q 2021). Profit margin: 4.6% (up from 3.9% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$0.85 (vs NT$0.051 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.85 (up from NT$0.051 in 2Q 2021). Revenue: NT$2.47b (up 33% from 2Q 2021). Net income: NT$169.0m (up NT$158.8m from 2Q 2021). Profit margin: 6.8% (up from 0.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 04Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (4.1%).Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.94 (vs NT$0.33 in 1Q 2021)First quarter 2022 results: EPS: NT$0.94 (up from NT$0.33 in 1Q 2021). Revenue: NT$1.97b (up 14% from 1Q 2021). Net income: NT$185.7m (up 181% from 1Q 2021). Profit margin: 9.4% (up from 3.8% in 1Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less 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. 6 non-independent directors. Director Rong Hwa Fang was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 02Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 23, 2022Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 23, 2022.Reported Earnings • Mar 14Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$1.23 (up from NT$2.14 loss in FY 2020). Revenue: NT$8.01b (up 14% from FY 2020). Net income: NT$242.7m (up NT$665.8m from FY 2020). Profit margin: 3.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 40% 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.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.46 (vs NT$0.21 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.33b (up 13% from 3Q 2020). Net income: NT$90.4m (up NT$131.4m from 3Q 2020). Profit margin: 3.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.77 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.85b (up 71% from 2Q 2020). Net income: NT$10.1m (up NT$163.2m from 2Q 2020). Profit margin: 0.5% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Aug 05Upcoming dividend of NT$0.60 per shareEligible shareholders must have bought the stock before 12 August 2021. Payment date: 07 September 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.4%).Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.33 (vs NT$1.18 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$1.74b (down 7.3% from 1Q 2020). Net income: NT$66.2m (up NT$298.7m from 1Q 2020). Profit margin: 3.8% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.分析記事 • Apr 28Is Nien Hsing Textile Co., Ltd. (TPE:1451) A Risky Dividend Stock?Today we'll take a closer look at Nien Hsing Textile Co., Ltd. ( TPE:1451 ) from a dividend investor's perspective...お知らせ • Mar 19Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 16, 2021Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 16, 2021.Reported Earnings • Mar 18Full year 2020 earnings released: NT$2.14 loss per share (vs NT$0.35 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$7.02b (down 18% from FY 2019). Net loss: NT$423.1m (loss widened NT$353.4m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.分析記事 • Feb 07Is Nien Hsing Textile (TPE:1451) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Jan 28New 90-day low: NT$15.95The company is down 1.0% from its price of NT$16.05 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 2.0% over the same period.Is New 90 Day High Low • Dec 24New 90-day high: NT$17.20The company is up 8.0% from its price of NT$15.95 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Luxury industry, which is also up 8.0% over the same period.分析記事 • Dec 17Reflecting on Nien Hsing Textile's(TPE:1451) Total Shareholder Returns Over The Last Five YearsIn order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...Reported Earnings • Nov 08Third quarter 2020 earnings released: NT$0.20 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$2.07b (down 5.8% from 3Q 2019). Net loss: NT$41.0m (loss widened 232% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.お知らせ • Sep 21Nien Hsing Textile Co., Ltd.(TSEC:1451) dropped from S&P Global BMI IndexNien Hsing Textile Co., Ltd.(TSEC:1451) dropped from S&P Global BMI Index株主還元1451TW LuxuryTW 市場7D1.5%-2.3%2.8%1Y-8.1%-13.3%110.4%株主還元を見る業界別リターン: 1451過去 1 年間で-13.3 % 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: 1451は、過去 1 年間で110.4 % のリターンを上げたTW市場を下回りました。価格変動Is 1451's price volatile compared to industry and market?1451 volatility1451 Average Weekly Movement2.5%Luxury Industry Average Movement4.2%Market Average Movement6.3%10% most volatile stocks in TW Market12.0%10% least volatile stocks in TW Market2.6%安定した株価: 1451 、 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: 1451の 週次ボラティリティ ( 2% ) 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1986n/aAndy Tsaiwww.nhjeans.comNien Hsing Textile Co., Ltd.は、台湾内外でデニム生地、デニム製品、糸を製造・販売している。投資事業も行う。同社は1986年に設立され、台湾の台北に拠点を置く。もっと見るNien Hsing Textile Co., Ltd. 基礎のまとめNien Hsing Textile の収益と売上を時価総額と比較するとどうか。1451 基礎統計学時価総額NT$3.33b収益（TTM）NT$175.32m売上高(TTM)NT$6.44b19.3xPER（株価収益率0.5xP/Sレシオ1451 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1451 損益計算書（TTM）収益NT$6.44b売上原価NT$5.63b売上総利益NT$804.24mその他の費用NT$628.92m収益NT$175.32m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）0.89グロス・マージン12.49%純利益率2.72%有利子負債／自己資本比率1.7%1451 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5.9%現在の配当利回り113%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2026/06/24 16:11終値2026/06/24 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Nien Hsing 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。1 アナリスト機関Hsuan LeeMasterlink Securities Investment Advisory
New Risk • May 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 116% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 116% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.47 (vs NT$1.34 in 1Q 2025)First quarter 2026 results: EPS: NT$0.47 (down from NT$1.34 in 1Q 2025). Revenue: NT$1.53b (up 13% from 1Q 2025). Net income: NT$92.3m (down 65% from 1Q 2025). Profit margin: 6.0% (down from 20% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 09Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 16 April 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (4.9%).
New Risk • Mar 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 175% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Declared Dividend • Mar 12Dividend of NT$1.00 announcedDividend of NT$1.00 is the same as last year. Ex-date: 16th April 2026 Payment date: 18th May 2026 Dividend yield will be 5.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 17% 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 11+ 1 more updateNien Hsing Textile Co., Ltd. announces Annual dividend, payable on May 18, 2026Nien Hsing Textile Co., Ltd. announced Annual dividend of TWD 1.0000 per share payable on May 18, 2026, ex-date on April 16, 2026 and record date on April 17, 2026.
New Risk • May 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 116% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 116% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.47 (vs NT$1.34 in 1Q 2025)First quarter 2026 results: EPS: NT$0.47 (down from NT$1.34 in 1Q 2025). Revenue: NT$1.53b (up 13% from 1Q 2025). Net income: NT$92.3m (down 65% from 1Q 2025). Profit margin: 6.0% (down from 20% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 09Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 16 April 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (4.9%).
New Risk • Mar 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 175% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Declared Dividend • Mar 12Dividend of NT$1.00 announcedDividend of NT$1.00 is the same as last year. Ex-date: 16th April 2026 Payment date: 18th May 2026 Dividend yield will be 5.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 17% 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 11+ 1 more updateNien Hsing Textile Co., Ltd. announces Annual dividend, payable on May 18, 2026Nien Hsing Textile Co., Ltd. announced Annual dividend of TWD 1.0000 per share payable on May 18, 2026, ex-date on April 16, 2026 and record date on April 17, 2026.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$1.76 (vs NT$1.22 in FY 2024)Full year 2025 results: EPS: NT$1.76 (up from NT$1.22 in FY 2024). Revenue: NT$6.26b (down 2.5% from FY 2024). Net income: NT$349.1m (up 44% from FY 2024). Profit margin: 5.6% (up from 3.8% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
New Risk • Nov 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 225% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$0.55 (vs NT$0.43 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.55 (up from NT$0.43 in 3Q 2024). Revenue: NT$1.56b (down 4.5% from 3Q 2024). Net income: NT$108.5m (up 26% from 3Q 2024). Profit margin: 7.0% (up from 5.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.44 loss per share (vs NT$0.33 profit in 2Q 2024)Second quarter 2025 results: NT$0.44 loss per share (down from NT$0.33 profit in 2Q 2024). Revenue: NT$1.78b (up 8.9% from 2Q 2024). Net loss: NT$87.8m (down 236% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year.
New Risk • May 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 90% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$1.34 (vs NT$0.15 in 1Q 2024)First quarter 2025 results: EPS: NT$1.34 (up from NT$0.15 in 1Q 2024). Revenue: NT$1.35b (down 20% from 1Q 2024). Net income: NT$266.0m (up NT$237.2m from 1Q 2024). Profit margin: 20% (up from 1.7% in 1Q 2024). 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 only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • May 01Nien Hsing Textile Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Nien Hsing Textile Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025
Upcoming Dividend • Apr 10Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 17 April 2025. Payment date: 19 May 2025. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 5.6%. Lower than top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (4.9%).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$18.10, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Total returns to shareholders of 7.3% over the past three years.
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$1.22 (vs NT$1.83 loss in FY 2023)Full year 2024 results: EPS: NT$1.22 (up from NT$1.83 loss in FY 2023). Revenue: NT$6.42b (up 1.0% from FY 2023). Net income: NT$242.2m (up NT$605.1m from FY 2023). Profit margin: 3.8% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 13Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 17, 2025Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 17, 2025, at 09:00 Taipei Standard Time. Location: 13 floor no,306, sec.1 nei hu rd., neihu district, taipei city Taiwan
お知らせ • Mar 12Nien Hsing Textile Co., Ltd. Approves Cash Dividend for the Year Ended December 31, 2024Nien Hsing Textile Co., Ltd. approved cash dividend of 1.0 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders: TWD 198,000,000.
お知らせ • Mar 04Nien Hsing Textile Co., Ltd. to Report Q4, 2024 Results on Mar 11, 2025Nien Hsing Textile Co., Ltd. announced that they will report Q4, 2024 results on Mar 11, 2025
分析記事 • Nov 14Nien Hsing Textile's (TWSE:1451) Solid Earnings May Rest On Weak FoundationsThe recent earnings posted by Nien Hsing Textile Co., Ltd. ( TWSE:1451 ) were solid, but the stock didn't move as much...
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.44 (vs NT$0.031 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.44 (up from NT$0.031 loss in 3Q 2023). Revenue: NT$1.63b (flat on 3Q 2023). Net income: NT$86.2m (up NT$92.2m from 3Q 2023). Profit margin: 5.3% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 29Nien Hsing Textile Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024Nien Hsing Textile Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024
Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: NT$0.33 (vs NT$0.13 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.33 (up from NT$0.13 loss in 2Q 2023). Revenue: NT$1.63b (down 6.8% from 2Q 2023). Net income: NT$64.4m (up NT$89.6m from 2Q 2023). Profit margin: 3.9% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 24Nien Hsing Textile Co., Ltd. to Report Q2, 2024 Results on Aug 02, 2024Nien Hsing Textile Co., Ltd. announced that they will report Q2, 2024 results on Aug 02, 2024
分析記事 • Jun 20Nien Hsing Textile (TWSE:1451) Is Paying Out Less In Dividends Than Last YearNien Hsing Textile Co., Ltd.'s ( TWSE:1451 ) dividend is being reduced from last year's payment covering the same...
Declared Dividend • Jun 20Dividend reduced to NT$0.50Dividend of NT$0.50 is 75% lower than last year. Ex-date: 4th July 2024 Payment date: 2nd August 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (26% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$0.15 (vs NT$1.08 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.15 (up from NT$1.08 loss in 1Q 2023). Revenue: NT$1.69b (up 12% from 1Q 2023). Net income: NT$28.8m (up NT$242.1m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Apr 28Nien Hsing Textile Co., Ltd. to Report Q1, 2024 Results on May 06, 2024Nien Hsing Textile Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 06, 2024
New Risk • Mar 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 107% Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 107% Earnings have declined by 6.0% per year over the past 5 years.
お知らせ • Mar 09+ 1 more updateNien Hsing Textile Co., Ltd., Annual General Meeting, Jun 18, 2024Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: No. 119-3, Xiafuwei, Houlong Township, Miaoli County 356003 , Taiwan (R.O.C.) Miaoli City Taiwan Agenda: To consider report 2023 business operation; to consider audit Committee's 2023 review report; to consider report 2023 employees' compensation of profit sharing; to consider amendments to the Rules and Procedures of Board of Directors Meetings; and to transact such other business matters.
Board Change • Feb 21Less 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. 6 non-independent directors. Director Jih Chao Lee was the last director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 23Nien Hsing Textile Co., Ltd. Announce to Suspend Operation of Houlong FactoryNien Hsing Textile Co., Ltd. announced that Houlong Denim Factory will fully suspend the operation after existing orders are digested. In accordance with the law, the Company will also notify comptent authorities and offer employees severance pay. (1) The price of cotton, the main raw material of denim fabrics, fluctuates violently. (2) Houlong Denim Factory is facing serious labor shortage and difficult to recruit workers. (3) Global inflation suppresses consumer demand, causing serious order shrinkage.
Reported Earnings • Nov 05Third quarter 2023 earnings released: NT$0.03 loss per share (vs NT$0.57 profit in 3Q 2022)Third quarter 2023 results: NT$0.03 loss per share (down from NT$0.57 profit in 3Q 2022). Revenue: NT$1.63b (down 32% from 3Q 2022). Net loss: NT$6.05m (down 105% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 06New major risk - Revenue and earnings growthEarnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.6% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making.
Reported Earnings • Aug 05Second quarter 2023 earnings released: NT$0.13 loss per share (vs NT$0.85 profit in 2Q 2022)Second quarter 2023 results: NT$0.13 loss per share (down from NT$0.85 profit in 2Q 2022). Revenue: NT$1.75b (down 29% from 2Q 2022). Net loss: NT$25.2m (down 115% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 26Upcoming dividend of NT$2.00 per share at 9.1% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 01 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 9.1%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.4%).
Reported Earnings • Mar 16Full year 2022 earnings released: EPS: NT$2.15 (vs NT$1.23 in FY 2021)Full year 2022 results: EPS: NT$2.15 (up from NT$1.23 in FY 2021). Revenue: NT$8.70b (up 8.5% from FY 2021). Net income: NT$426.5m (up 76% from FY 2021). Profit margin: 4.9% (up from 3.0% 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 105% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less 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. 6 non-independent directors. Chairman of the Board Vincent Chen was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$0.57 (vs NT$0.46 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.57 (up from NT$0.46 in 3Q 2021). Revenue: NT$2.41b (up 3.6% from 3Q 2021). Net income: NT$112.0m (up 24% from 3Q 2021). Profit margin: 4.6% (up from 3.9% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$0.85 (vs NT$0.051 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.85 (up from NT$0.051 in 2Q 2021). Revenue: NT$2.47b (up 33% from 2Q 2021). Net income: NT$169.0m (up NT$158.8m from 2Q 2021). Profit margin: 6.8% (up from 0.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 04Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (4.1%).
Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.94 (vs NT$0.33 in 1Q 2021)First quarter 2022 results: EPS: NT$0.94 (up from NT$0.33 in 1Q 2021). Revenue: NT$1.97b (up 14% from 1Q 2021). Net income: NT$185.7m (up 181% from 1Q 2021). Profit margin: 9.4% (up from 3.8% in 1Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less 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. 6 non-independent directors. Director Rong Hwa Fang was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 02Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 23, 2022Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 23, 2022.
Reported Earnings • Mar 14Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$1.23 (up from NT$2.14 loss in FY 2020). Revenue: NT$8.01b (up 14% from FY 2020). Net income: NT$242.7m (up NT$665.8m from FY 2020). Profit margin: 3.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 40% 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.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.46 (vs NT$0.21 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.33b (up 13% from 3Q 2020). Net income: NT$90.4m (up NT$131.4m from 3Q 2020). Profit margin: 3.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.77 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.85b (up 71% from 2Q 2020). Net income: NT$10.1m (up NT$163.2m from 2Q 2020). Profit margin: 0.5% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Aug 05Upcoming dividend of NT$0.60 per shareEligible shareholders must have bought the stock before 12 August 2021. Payment date: 07 September 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.4%).
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.33 (vs NT$1.18 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$1.74b (down 7.3% from 1Q 2020). Net income: NT$66.2m (up NT$298.7m from 1Q 2020). Profit margin: 3.8% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
分析記事 • Apr 28Is Nien Hsing Textile Co., Ltd. (TPE:1451) A Risky Dividend Stock?Today we'll take a closer look at Nien Hsing Textile Co., Ltd. ( TPE:1451 ) from a dividend investor's perspective...
お知らせ • Mar 19Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 16, 2021Nien Hsing Textile Co., Ltd., Annual General Meeting, Jun 16, 2021.
Reported Earnings • Mar 18Full year 2020 earnings released: NT$2.14 loss per share (vs NT$0.35 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$7.02b (down 18% from FY 2019). Net loss: NT$423.1m (loss widened NT$353.4m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
分析記事 • Feb 07Is Nien Hsing Textile (TPE:1451) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Jan 28New 90-day low: NT$15.95The company is down 1.0% from its price of NT$16.05 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Dec 24New 90-day high: NT$17.20The company is up 8.0% from its price of NT$15.95 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Luxury industry, which is also up 8.0% over the same period.
分析記事 • Dec 17Reflecting on Nien Hsing Textile's(TPE:1451) Total Shareholder Returns Over The Last Five YearsIn order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
Reported Earnings • Nov 08Third quarter 2020 earnings released: NT$0.20 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$2.07b (down 5.8% from 3Q 2019). Net loss: NT$41.0m (loss widened 232% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 21Nien Hsing Textile Co., Ltd.(TSEC:1451) dropped from S&P Global BMI IndexNien Hsing Textile Co., Ltd.(TSEC:1451) dropped from S&P Global BMI Index
