View Future GrowthPou Chen 過去の業績過去 基準チェック /46Pou Chenの収益は年間平均-2.1%の割合で減少していますが、 Luxury業界の収益は年間 減少しています。収益は年間4.7% 0.3%割合で 増加しています。 Pou Chenの自己資本利益率は8.4%であり、純利益率は5.7%です。主要情報-2.08%収益成長率-2.08%EPS成長率Luxury 業界の成長8.24%収益成長率0.34%株主資本利益率8.43%ネット・マージン5.73%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 19First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$0.76 (down from NT$1.22 in 1Q 2025). Revenue: NT$63.1b (down 5.9% from 1Q 2025). Net income: NT$2.23b (down 38% from 1Q 2025). Profit margin: 3.5% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • May 11Pou Chen Corporation to Report Q1, 2026 Results on May 14, 2026Pou Chen Corporation announced that they will report Q1, 2026 results on May 14, 2026Reported Earnings • Mar 13Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$4.10 (down from NT$5.44 in FY 2024). Revenue: NT$251.4b (down 4.7% from FY 2024). Net income: NT$12.1b (down 25% from FY 2024). Profit margin: 4.8% (down from 6.1% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Mar 06Pou Chen Corporation to Report Q4, 2025 Results on Mar 12, 2026Pou Chen Corporation announced that they will report Q4, 2025 results on Mar 12, 2026Reported Earnings • Nov 15Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.28 (down from NT$1.94 in 3Q 2024). Revenue: NT$58.8b (down 12% from 3Q 2024). Net income: NT$3.79b (down 34% from 3Q 2024). Profit margin: 6.4% (down from 8.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Nov 15Pou Chen Corporation to Report Q3, 2025 Results on Nov 13, 2025Pou Chen Corporation announced that they will report Q3, 2025 results on Nov 13, 2025すべての更新を表示Recent updatesDeclared Dividend • Jun 13Dividend reduced to NT$1.30Dividend of NT$1.30 is 24% lower than last year. Ex-date: 2nd July 2026 Payment date: 24th July 2026 Dividend yield will be 4.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 12% over the next 3 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • May 19First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$0.76 (down from NT$1.22 in 1Q 2025). Revenue: NT$63.1b (down 5.9% from 1Q 2025). Net income: NT$2.23b (down 38% from 1Q 2025). Profit margin: 3.5% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • May 11Pou Chen Corporation to Report Q1, 2026 Results on May 14, 2026Pou Chen Corporation announced that they will report Q1, 2026 results on May 14, 2026Price Target Changed • May 04Price target decreased by 14% to NT$30.50Down from NT$35.60, the current price target is provided by 1 analyst. New target price is 18% above last closing price of NT$25.75. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$3.49 for next year compared to NT$4.10 last year.New Risk • Apr 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (99% cash payout ratio).お知らせ • Mar 13Pou Chen Corporation, Annual General Meeting, May 29, 2026Pou Chen Corporation, Annual General Meeting, May 29, 2026. Location: 3 floor no,2, fu kung rd., fusing township, changhua county TaiwanReported Earnings • Mar 13Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$4.10 (down from NT$5.44 in FY 2024). Revenue: NT$251.4b (down 4.7% from FY 2024). Net income: NT$12.1b (down 25% from FY 2024). Profit margin: 4.8% (down from 6.1% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Mar 06Pou Chen Corporation to Report Q4, 2025 Results on Mar 12, 2026Pou Chen Corporation announced that they will report Q4, 2025 results on Mar 12, 2026お知らせ • Dec 20Pou Chen Corporation Announces CFO Changes, Effective from December 31, 2025Pou Chen Corporation announced the retirement of Chang, Yea-Fen as financial officer of Pou Chen Corporation. The new financial officer is Yeh, Wen-Chung, executive senior manager of Pou Chen Corporation. The type of the change is retirement. The effective date is December 31, 2025.Reported Earnings • Nov 15Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.28 (down from NT$1.94 in 3Q 2024). Revenue: NT$58.8b (down 12% from 3Q 2024). Net income: NT$3.79b (down 34% from 3Q 2024). Profit margin: 6.4% (down from 8.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Nov 15Pou Chen Corporation to Report Q3, 2025 Results on Nov 13, 2025Pou Chen Corporation announced that they will report Q3, 2025 results on Nov 13, 2025New Risk • Aug 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 5.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.53 (vs NT$1.16 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.53 (down from NT$1.16 in 2Q 2024). Revenue: NT$62.8b (down 3.9% from 2Q 2024). Net income: NT$1.55b (down 55% from 2Q 2024). Profit margin: 2.5% (down from 5.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat.お知らせ • Aug 15Pou Chen Corporation to Report Q2, 2025 Results on Aug 13, 2025Pou Chen Corporation announced that they will report Q2, 2025 results on Aug 13, 2025Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$34.95, the stock trades at a trailing P/E ratio of 6.9x. Average forward P/E is 15x in the Luxury industry in Taiwan. Total returns to shareholders of 39% over the past three years.Upcoming Dividend • Jun 27Upcoming dividend of NT$1.70 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.7%).お知らせ • Jun 13Pou Chen Corporation Approves Cash Dividend, Payable on July 25, 2025Pou Chen Corporation approved cash dividend of TWD 5,009,538,262, equivalent to TWD 1.7 per share. Ex-rights (ex-dividend) trading date: June 3, 2025. Ex-rights (ex-dividend) record date: June 10, 2025. Payment date of common stock cash dividend distribution: July 25, 2025.Declared Dividend • Jun 13Dividend increased to NT$1.70Dividend of NT$1.70 is 55% higher than last year. Ex-date: 3rd July 2025 Payment date: 25th July 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 30Pou Chen Corporation Approves Board ElectionsPou Chen Corporation announced at annual general meeting held on May 29, 2025, the shareholders approved election of Sheachang Enterprise Corporation, Representative: Wu, Pan-Tsu as director and Wu Wang, Pu-Yu as independent director of the company.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$1.22 (vs NT$1.58 in 1Q 2024)First quarter 2025 results: EPS: NT$1.22 (down from NT$1.58 in 1Q 2024). Revenue: NT$67.0b (up 5.9% from 1Q 2024). Net income: NT$3.60b (down 23% from 1Q 2024). Profit margin: 5.4% (down from 7.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.お知らせ • May 07Pou Chen Corporation to Report Q1, 2025 Results on May 14, 2025Pou Chen Corporation announced that they will report Q1, 2025 results on May 14, 2025お知らせ • Apr 18POU Chen Corporation Announces Cash Dividend for the Year Ended December 31, 2024POU Chen Corporation announced cash dividend of TWD 5,009,538,262 (TWD 1.7 per share) For the year ended December 31, 2024.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$28.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Luxury industry in Taiwan. Total returns to shareholders of 5.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$41.71 per share.Buy Or Sell Opportunity • Apr 07Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to NT$31.75. The fair value is estimated to be NT$42.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 7.9% in a year. Earnings are forecast to grow by 3.6% in the next year.分析記事 • Apr 02Pou Chen (TWSE:9904) Has Some Way To Go To Become A Multi-BaggerIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...お知らせ • Mar 14Pou Chen Corporation, Annual General Meeting, May 29, 2025Pou Chen Corporation, Annual General Meeting, May 29, 2025, at 09:30 Taipei Standard Time. Location: 3 floor no,2, fu kung rd., fusing township, changhua county TaiwanReported Earnings • Mar 13Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: NT$5.44 (up from NT$3.61 in FY 2023). Revenue: NT$263.8b (up 7.0% from FY 2023). Net income: NT$16.0b (up 51% from FY 2023). Profit margin: 6.1% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year.分析記事 • Mar 11We Think Pou Chen (TWSE:9904) Can Manage Its Debt With EaseSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Mar 05Pou Chen Corporation to Report Fiscal Year 2024 Results on Mar 12, 2025Pou Chen Corporation announced that they will report fiscal year 2024 results on Mar 12, 2025分析記事 • Feb 11Improved Earnings Required Before Pou Chen Corporation (TWSE:9904) Shares Find Their FeetWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 22x, you may consider Pou...分析記事 • Dec 30Returns On Capital At Pou Chen (TWSE:9904) Have StalledIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.分析記事 • Nov 21We Think That There Are Issues Underlying Pou Chen's (TWSE:9904) EarningsUnsurprisingly, Pou Chen Corporation's ( TWSE:9904 ) stock price was strong on the back of its healthy earnings report...Price Target Changed • Nov 16Price target increased by 13% to NT$47.25Up from NT$42.00, the current price target is an average from 2 analysts. New target price is 10% above last closing price of NT$42.85. Stock is up 39% over the past year. The company is forecast to post earnings per share of NT$4.81 for next year compared to NT$3.61 last year.Reported Earnings • Nov 15Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: NT$1.94 (down from NT$2.06 in 3Q 2023). Revenue: NT$66.8b (up 15% from 3Q 2023). Net income: NT$5.73b (down 5.8% from 3Q 2023). Profit margin: 8.6% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 109%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.分析記事 • Nov 13Pou Chen (TWSE:9904) Could Easily Take On More DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...お知らせ • Nov 05Pou Chen Corporation to Report Q3, 2024 Results on Nov 12, 2024Pou Chen Corporation announced that they will report Q3, 2024 results on Nov 12, 2024分析記事 • Oct 28Why Investors Shouldn't Be Surprised By Pou Chen Corporation's (TWSE:9904) Low P/EWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 22x, you may consider Pou...分析記事 • Sep 23Pou Chen (TWSE:9904) Hasn't Managed To Accelerate Its ReturnsDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...分析記事 • Sep 04Are Investors Undervaluing Pou Chen Corporation (TWSE:9904) By 29%?Key Insights Using the 2 Stage Free Cash Flow to Equity, Pou Chen fair value estimate is NT$46.68 Pou Chen's NT$33.25...Reported Earnings • Aug 15Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: NT$1.16 (down from NT$1.19 in 2Q 2023). Revenue: NT$65.3b (up 3.5% from 2Q 2023). Net income: NT$3.41b (down 2.7% from 2Q 2023). Profit margin: 5.2% (down from 5.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% 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 • Aug 07Pou Chen Corporation to Report Q2, 2024 Results on Aug 14, 2024Pou Chen Corporation announced that they will report Q2, 2024 results on Aug 14, 2024分析記事 • Jul 17Pou Chen Corporation's (TWSE:9904) Share Price Is Matching Sentiment Around Its EarningsWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 24x, you may consider Pou...Upcoming Dividend • Jun 20Upcoming dividend of NT$1.10 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (3.1%).分析記事 • Jun 14The Returns On Capital At Pou Chen (TWSE:9904) Don't Inspire ConfidenceWhat underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in...お知らせ • Jun 08Pou Chen Corporation Announces Cash Dividend, Payable on July 26, 2024POU Chen Corporation announced cash dividend of TWD 3,241,465,934 (TWD 1.1 per share). Ex-rights (ex-dividend) trading date is June 27, 2024; ex-rights (ex-dividend) record date is July 5, 2024. Payable on July 26, 2024.Price Target Changed • May 25Price target increased by 8.6% to NT$42.00Up from NT$38.67, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$37.05. Stock is up 15% over the past year. The company is forecast to post earnings per share of NT$5.28 for next year compared to NT$3.61 last year.Major Estimate Revision • May 25Consensus EPS estimates increase by 17%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$4.53 to NT$5.28. Revenue forecast steady at NT$256.8b. Net income forecast to grow 6.6% next year vs 16% growth forecast for Luxury industry in Taiwan. Consensus price target up from NT$38.67 to NT$42.00. Share price was steady at NT$37.05 over the past week.New Risk • May 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 16First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: NT$1.58 (up from NT$0.34 in 1Q 2023). Revenue: NT$63.3b (down 1.7% from 1Q 2023). Net income: NT$4.65b (up 369% from 1Q 2023). Profit margin: 7.4% (up from 1.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 49%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% 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 • May 09Pou Chen Corporation to Report Q1, 2024 Results on May 15, 2024Pou Chen Corporation announced that they will report Q1, 2024 results on May 15, 2024分析記事 • Apr 22Here's Why Pou Chen (TWSE:9904) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Mar 22Pou Chen's (TWSE:9904) Problems Go Beyond Weak ProfitPou Chen Corporation's ( TWSE:9904 ) recent weak earnings report didn't cause a big stock movement. Our analysis...Major Estimate Revision • Mar 22Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$4.81 to NT$4.17 per share. Revenue forecast steady at NT$255.9b. Net income forecast to grow 15% next year vs 23% growth forecast for Luxury industry in Taiwan. Consensus price target up from NT$35.90 to NT$38.67. Share price rose 5.6% to NT$34.90 over the past week.Price Target Changed • Mar 21Price target increased by 7.7% to NT$38.67Up from NT$35.90, the current price target is an average from 3 analysts. New target price is 10% above last closing price of NT$35.10. Stock is up 14% over the past year. The company is forecast to post earnings per share of NT$4.17 for next year compared to NT$3.61 last year.Reported Earnings • Mar 16Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$3.61 (down from NT$4.29 in FY 2022). Revenue: NT$246.6b (down 7.8% from FY 2022). Net income: NT$10.6b (down 16% from FY 2022). Profit margin: 4.3% (down from 4.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year.お知らせ • Mar 15Pou Chen Corporation, Annual General Meeting, May 31, 2024Pou Chen Corporation, Annual General Meeting, May 31, 2024. Location: The conference room on the third floor of the Fuxing Industrial Park in Fuxing Industrial Park located at No.2, Fugong Road, Fuxing Township, Changhua County, Taiwan Changhua County Taiwan Agenda: To consider 2023 business and financial reports; to consider Audit Committee's review report on the 2023 financial statements; to consider Report on the 2023 distribution of employees' compensation and Directors' remuneration; to consider Report on the distribution for cash dividend of 2023 earnings.分析記事 • Mar 01Returns On Capital Signal Difficult Times Ahead For Pou Chen (TWSE:9904)When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...Price Target Changed • Nov 22Price target decreased by 7.9% to NT$35.90Down from NT$39.00, the current price target is an average from 3 analysts. New target price is 18% above last closing price of NT$30.40. Stock is down 6.3% over the past year. The company is forecast to post earnings per share of NT$4.66 for next year compared to NT$4.29 last year.New Risk • Nov 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 6.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.1% net profit margin).Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: NT$2.06 (vs NT$1.94 in 3Q 2022)Third quarter 2023 results: EPS: NT$2.06 (up from NT$1.94 in 3Q 2022). Revenue: NT$58.3b (down 16% from 3Q 2022). Net income: NT$6.08b (up 6.2% from 3Q 2022). Profit margin: 10% (up from 8.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: NT$1.19 (vs NT$1.72 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.19 (down from NT$1.72 in 2Q 2022). Revenue: NT$63.1b (down 7.7% from 2Q 2022). Net income: NT$3.51b (down 31% from 2Q 2022). Profit margin: 5.6% (down from 7.4% 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 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 12+ 1 more updatePou Chen Corporation Announces Executive ChangesPou Chen Corporation announced that Mr. Chau Chi Ming, Dickens has tendered his resignation as the company secretary and will cease to act as an authorized representative of Yue Yuen; and Ms. Ng Yin Ling, Jennifer has been appointed as the company secretary and an authorized representative of Yue Yuen, all with effect from August 11, 2023.お知らせ • Aug 08Pou Chen Corporation to Report Q2, 2023 Results on Aug 14, 2023Pou Chen Corporation announced that they will report Q2, 2023 results on Aug 14, 2023Upcoming Dividend • Jul 05Upcoming dividend of NT$1.30 per share at 4.1% yieldEligible shareholders must have bought the stock before 12 July 2023. Payment date: 09 August 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). In line with average of industry peers (4.3%).お知らせ • Jun 22POU Chen Corporation Announces Cash Dividend, Payable on August 9, 2023POU Chen Corporation announced cash dividends of TWD 3,830,823,376 (TWD 1.3 per share). Ex-rights (ex-dividend) trading date: July 12, 2023; Ex-rights (ex-dividend) record date: July 18, 2023. Payable on August 9, 2023.お知らせ • May 14Pou Chen Corporation to Report Q1, 2023 Results on May 15, 2023Pou Chen Corporation announced that they will report Q1, 2023 results on May 15, 2023Major Estimate Revision • Mar 28Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$4.07 to NT$4.86. Revenue forecast unchanged at NT$285.5b. Net income forecast to grow 13% next year vs 8.4% decline forecast for Luxury industry in Taiwan. Consensus price target of NT$33.00 unchanged from last update. Share price was steady at NT$30.80 over the past week.Reported Earnings • Mar 18Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$4.29 (down from NT$4.90 in FY 2021). Revenue: NT$267.5b (up 12% from FY 2021). Net income: NT$12.6b (down 12% from FY 2021). Profit margin: 4.7% (down from 6.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% 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. Independent Director Chu-Sheng Hsu was the last independent 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 13Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$1.94 (up from NT$0.87 in 3Q 2021). Revenue: NT$69.0b (up 51% from 3Q 2021). Net income: NT$5.73b (up 124% from 3Q 2021). Profit margin: 8.3% (up from 5.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 96%. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Luxury industry in Taiwan are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 15Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$1.72 (up from NT$1.25 in 2Q 2021). Revenue: NT$68.3b (up 5.3% from 2Q 2021). Net income: NT$5.06b (up 37% from 2Q 2021). Profit margin: 7.4% (up from 5.7% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 74%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Jul 10Pou Chen Corporation to Report Q2, 2022 Results on Aug 12, 2022Pou Chen Corporation announced that they will report Q2, 2022 results on Aug 12, 2022Upcoming Dividend • Jul 04Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 09 August 2022. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.1%).お知らせ • Jun 16Pou Chen Corporation Announces Board ChangesPou Chen Corporation at its 2022 Annual General Shareholders' Meeting held on June 15, 2022 announced board changes. Title and name of the previous position holder: Independent Directors: Mr. Chen, Bor-Liang, Mr. Chiu, Tien-I. Resume of the previous position holder: Independent Directors: Mr. Chen, Bor-Liang: Mr. Chen is currently an independent director of PCC. Mr. Chen was the professor of Business Administration at National Taichung University of Science and Technology, and the professor of Applied Mathematics Department at Tunghai University. Mr. Chiu, Tien-I: Mr. Chiu is currently an independent director of PCC, the managing partner of Chiu & Chien, Attorneys at Law, the adjunct assistant professor of Financial and Economic Law Department at Chung Yuan Christian University, and the adjunct assistant professor of the Business Administration Department at National Central University. Independent Directors: Mr. Hsu, Chu-Sheng and Mr. Chang, Shih-Chieh. Resume of the new position holder: Independent Directors: Mr. Hsu, Chu-Sheng: Mr. Hsu is currently the adjunct professor of Leadership Program at National Taiwan University, and the adjunct professor of Institute of Technology Management at National Tsing Hua University. Mr. Hsu is also an independent director of inergy Technology Inc., an independent director of Fubon Bank (China), and an independent director of Alexander Marine Co. Ltd. Mr. Hsu was the general manager of General Electric International Inc., Taiwan Branch (USA), and the managing director of IBM Taiwan Corporation; Mr. Chang, Shih-Chieh: Mr. Chang is the professor of the College of Risk Management and Insurance at National Chengchi University, the chairman of Risk Management Society of Taiwan, an independent director of CTBC Bank Co. Ltd., and an independent director of CTBC Financial Holdings Co. Ltd. Mr. Chang was an independent director of Taiwan Life Insurance Co. Ltd., and an independent director of TLG Insurance Co. Ltd. Effective date of the new appointment is June 15, 2022.Reported Earnings • May 16First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$1.57 (down from NT$2.13 in 1Q 2021). Revenue: NT$67.3b (down 5.1% from 1Q 2021). Net income: NT$4.64b (down 26% from 1Q 2021). Profit margin: 6.9% (down from 8.9% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • May 14Pou Chen Corporation Appoints Chiu, Hui-Yao as Chief Information Security Officer with Effect from May 13, 2022Pou Chen Corporation appointed Chiu, Hui-Yao, vice president of information department of the Company as Chief Information Security Officer with effect from May 13, 2022.Board Change • Apr 27Less 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. 5 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Huan-Chung Chen was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Jan 05Less 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. 5 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Huan-Chung Chen was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Jul 07Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 14 July 2021. Payment date: 09 August 2021. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (2.3%).Price Target Changed • May 28Price target increased to NT$35.67Up from NT$32.33, the current price target is an average from 2 analysts. New target price is 7.0% below last closing price of NT$38.35. Stock is up 30% over the past year.Valuation Update With 7 Day Price Move • May 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$35.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Luxury industry in Taiwan. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$67.17 per share.Major Estimate Revision • May 20Consensus EPS estimates increase to NT$4.83The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$278.7b to NT$292.7b. EPS estimate increased from NT$2.89 to NT$4.83 per share. Net income forecast to grow 33% next year vs 24% growth forecast for Luxury industry in Taiwan. Consensus price target up from NT$32.33 to NT$34.00. Share price rose 16% to NT$35.70 over the past week.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$2.13 (vs NT$0.40 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$70.9b (up 19% from 1Q 2020). Net income: NT$6.28b (up 429% from 1Q 2020). Profit margin: 8.9% (up from 2.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.分析記事 • Apr 06Pou Chen (TPE:9904) Is Making Moderate Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$1.64 (vs NT$4.01 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$250.0b (down 20% from FY 2019). Net income: NT$4.84b (down 59% from FY 2019). Profit margin: 1.9% (down from 3.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Mar 11New 90-day high: NT$32.25The company is up 3.0% from its price of NT$31.30 on 11 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$52.99 per share.分析記事 • Feb 25Should Pou Chen Corporation (TPE:9904) Be Part Of Your Dividend Portfolio?Dividend paying stocks like Pou Chen Corporation ( TPE:9904 ) tend to be popular with investors, and for good reason...分析記事 • Jan 28Pou Chen's (TPE:9904) Shareholders Are Down 27% On Their SharesWhile not a mind-blowing move, it is good to see that the Pou Chen Corporation ( TPE:9904 ) share price has gained 12...分析記事 • Dec 17Is Pou Chen Corporation (TPE:9904) Trading At A 44% Discount?Does the December share price for Pou Chen Corporation ( TPE:9904 ) reflect what it's really worth? Today, we will...Is New 90 Day High Low • Dec 10New 90-day high: NT$31.95The company is up 18% from its price of NT$27.00 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$55.80 per share.Major Estimate Revision • Dec 03Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$1.58 to NT$1.98. No change was made to the revenue estimate which at the last update was NT$247.9b. Net income is expected to grow by 81% next year compared to 13% growth forecast for the Luxury industry in Taiwan. The consensus price target increased from NT$31.00 to NT$32.33. Share price is up 1.1% to NT$31.45 over the past week.分析記事 • Nov 25Are Pou Chen's (TPE:9904) Statutory Earnings A Good Reflection Of Its Earnings Potential?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...Major Estimate Revision • Nov 19Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$0.92 to NT$1.58. Revenue estimate for the same period was approximately flat at NT$256.0b. Net income is expected to grow by 71% next year compared to 13% growth forecast for the Luxury industry in Taiwan. The consensus price target increased from NT$27.33 to NT$31.00. Share price is up 8.6% to NT$31.00 over the past week.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$1.14The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$59.1b (down 23% from 3Q 2019). Net income: NT$3.34b (down 24% from 3Q 2019). Profit margin: 5.7% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 14Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 119%. Over the next year, revenue is forecast to grow 3.0%, compared to a 3.0% growth forecast for the Luxury industry in Taiwan.Is New 90 Day High Low • Oct 30New 90-day low: NT$25.20The company is down 5.0% from its price of NT$26.55 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$30.50 per share.収支内訳Pou Chen の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TWSE:9904 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 26247,46214,16941,1554,74431 Dec 25251,40012,06841,8304,73030 Sep 25257,0297,71242,4854,78630 Jun 25265,0089,65143,8664,79531 Mar 25267,55911,51244,7454,77231 Dec 24263,81816,03644,5184,70330 Sep 24256,29613,83644,1104,53430 Jun 24247,78814,19244,2484,62331 Mar 24245,55614,28545,0704,75831 Dec 23246,63410,62445,9854,91030 Sep 23248,6787,79847,1855,13330 Jun 23259,3587,44448,3955,24531 Mar 23264,6008,99848,3835,42531 Dec 22267,49712,64548,5275,48330 Sep 22263,03817,34149,7155,41730 Jun 22239,69314,16848,6545,20531 Mar 22236,25312,80249,4385,08631 Dec 21239,88414,43950,6545,09330 Sep 21249,40613,36450,5825,19830 Jun 21262,88814,15151,4885,37231 Mar 21261,4009,93052,1175,45331 Dec 20249,9544,84051,2955,56730 Sep 20261,0014,48953,1575,83830 Jun 20278,5135,53655,1666,15431 Mar 20295,98110,09557,1236,31931 Dec 19313,15711,82959,1216,44430 Sep 19312,78013,57959,2546,40130 Jun 19309,40112,79258,7156,36831 Mar 19302,67611,58357,3846,33531 Dec 18293,31610,70955,4316,23130 Sep 18287,28112,31353,7756,13630 Jun 18283,22713,50552,5726,10331 Mar 18280,33113,34051,1296,22631 Dec 17278,63212,92249,5696,43130 Sep 17275,96013,24648,0206,67930 Jun 17270,97212,17246,3806,93731 Mar 17273,01911,67745,3406,95031 Dec 16274,89513,05745,4057,19230 Sep 16275,58110,07846,8706,90230 Jun 16277,0669,92346,9016,74131 Mar 16274,27010,44246,8356,44131 Dec 15269,0819,53146,1436,00930 Sep 15262,77310,82043,5416,15230 Jun 15256,90911,18941,8366,143質の高い収益: 9904は 高品質の収益 を持っています。利益率の向上: 9904の現在の純利益率 (5.7%)は、昨年(4.3%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 9904の収益は過去 5 年間で年間2.1%減少しました。成長の加速: 9904の過去 1 年間の収益成長率 ( 23.1% ) は、5 年間の平均 ( 年間-2.1%を上回っています。収益対業界: 9904の過去 1 年間の収益成長率 ( 23.1% ) はLuxury業界-20.3%を上回りました。株主資本利益率高いROE: 9904の 自己資本利益率 ( 8.4% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-durables 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/25 11:50終値2026/06/25 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Pou Chen Corporation 2 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。6 アナリスト機関Chenghsin LinJ.P. MorganTseen LiuKGI Securities Co. Ltd.Yiru ChenMasterlink Securities Investment Advisory3 その他のアナリストを表示
Reported Earnings • May 19First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$0.76 (down from NT$1.22 in 1Q 2025). Revenue: NT$63.1b (down 5.9% from 1Q 2025). Net income: NT$2.23b (down 38% from 1Q 2025). Profit margin: 3.5% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • May 11Pou Chen Corporation to Report Q1, 2026 Results on May 14, 2026Pou Chen Corporation announced that they will report Q1, 2026 results on May 14, 2026
Reported Earnings • Mar 13Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$4.10 (down from NT$5.44 in FY 2024). Revenue: NT$251.4b (down 4.7% from FY 2024). Net income: NT$12.1b (down 25% from FY 2024). Profit margin: 4.8% (down from 6.1% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Mar 06Pou Chen Corporation to Report Q4, 2025 Results on Mar 12, 2026Pou Chen Corporation announced that they will report Q4, 2025 results on Mar 12, 2026
Reported Earnings • Nov 15Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.28 (down from NT$1.94 in 3Q 2024). Revenue: NT$58.8b (down 12% from 3Q 2024). Net income: NT$3.79b (down 34% from 3Q 2024). Profit margin: 6.4% (down from 8.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Nov 15Pou Chen Corporation to Report Q3, 2025 Results on Nov 13, 2025Pou Chen Corporation announced that they will report Q3, 2025 results on Nov 13, 2025
Declared Dividend • Jun 13Dividend reduced to NT$1.30Dividend of NT$1.30 is 24% lower than last year. Ex-date: 2nd July 2026 Payment date: 24th July 2026 Dividend yield will be 4.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 12% over the next 3 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • May 19First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$0.76 (down from NT$1.22 in 1Q 2025). Revenue: NT$63.1b (down 5.9% from 1Q 2025). Net income: NT$2.23b (down 38% from 1Q 2025). Profit margin: 3.5% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • May 11Pou Chen Corporation to Report Q1, 2026 Results on May 14, 2026Pou Chen Corporation announced that they will report Q1, 2026 results on May 14, 2026
Price Target Changed • May 04Price target decreased by 14% to NT$30.50Down from NT$35.60, the current price target is provided by 1 analyst. New target price is 18% above last closing price of NT$25.75. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$3.49 for next year compared to NT$4.10 last year.
New Risk • Apr 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (99% cash payout ratio).
お知らせ • Mar 13Pou Chen Corporation, Annual General Meeting, May 29, 2026Pou Chen Corporation, Annual General Meeting, May 29, 2026. Location: 3 floor no,2, fu kung rd., fusing township, changhua county Taiwan
Reported Earnings • Mar 13Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$4.10 (down from NT$5.44 in FY 2024). Revenue: NT$251.4b (down 4.7% from FY 2024). Net income: NT$12.1b (down 25% from FY 2024). Profit margin: 4.8% (down from 6.1% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Mar 06Pou Chen Corporation to Report Q4, 2025 Results on Mar 12, 2026Pou Chen Corporation announced that they will report Q4, 2025 results on Mar 12, 2026
お知らせ • Dec 20Pou Chen Corporation Announces CFO Changes, Effective from December 31, 2025Pou Chen Corporation announced the retirement of Chang, Yea-Fen as financial officer of Pou Chen Corporation. The new financial officer is Yeh, Wen-Chung, executive senior manager of Pou Chen Corporation. The type of the change is retirement. The effective date is December 31, 2025.
Reported Earnings • Nov 15Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.28 (down from NT$1.94 in 3Q 2024). Revenue: NT$58.8b (down 12% from 3Q 2024). Net income: NT$3.79b (down 34% from 3Q 2024). Profit margin: 6.4% (down from 8.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Nov 15Pou Chen Corporation to Report Q3, 2025 Results on Nov 13, 2025Pou Chen Corporation announced that they will report Q3, 2025 results on Nov 13, 2025
New Risk • Aug 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 5.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.53 (vs NT$1.16 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.53 (down from NT$1.16 in 2Q 2024). Revenue: NT$62.8b (down 3.9% from 2Q 2024). Net income: NT$1.55b (down 55% from 2Q 2024). Profit margin: 2.5% (down from 5.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat.
お知らせ • Aug 15Pou Chen Corporation to Report Q2, 2025 Results on Aug 13, 2025Pou Chen Corporation announced that they will report Q2, 2025 results on Aug 13, 2025
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$34.95, the stock trades at a trailing P/E ratio of 6.9x. Average forward P/E is 15x in the Luxury industry in Taiwan. Total returns to shareholders of 39% over the past three years.
Upcoming Dividend • Jun 27Upcoming dividend of NT$1.70 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.7%).
お知らせ • Jun 13Pou Chen Corporation Approves Cash Dividend, Payable on July 25, 2025Pou Chen Corporation approved cash dividend of TWD 5,009,538,262, equivalent to TWD 1.7 per share. Ex-rights (ex-dividend) trading date: June 3, 2025. Ex-rights (ex-dividend) record date: June 10, 2025. Payment date of common stock cash dividend distribution: July 25, 2025.
Declared Dividend • Jun 13Dividend increased to NT$1.70Dividend of NT$1.70 is 55% higher than last year. Ex-date: 3rd July 2025 Payment date: 25th July 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 30Pou Chen Corporation Approves Board ElectionsPou Chen Corporation announced at annual general meeting held on May 29, 2025, the shareholders approved election of Sheachang Enterprise Corporation, Representative: Wu, Pan-Tsu as director and Wu Wang, Pu-Yu as independent director of the company.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$1.22 (vs NT$1.58 in 1Q 2024)First quarter 2025 results: EPS: NT$1.22 (down from NT$1.58 in 1Q 2024). Revenue: NT$67.0b (up 5.9% from 1Q 2024). Net income: NT$3.60b (down 23% from 1Q 2024). Profit margin: 5.4% (down from 7.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year.
お知らせ • May 07Pou Chen Corporation to Report Q1, 2025 Results on May 14, 2025Pou Chen Corporation announced that they will report Q1, 2025 results on May 14, 2025
お知らせ • Apr 18POU Chen Corporation Announces Cash Dividend for the Year Ended December 31, 2024POU Chen Corporation announced cash dividend of TWD 5,009,538,262 (TWD 1.7 per share) For the year ended December 31, 2024.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$28.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Luxury industry in Taiwan. Total returns to shareholders of 5.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$41.71 per share.
Buy Or Sell Opportunity • Apr 07Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to NT$31.75. The fair value is estimated to be NT$42.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 7.9% in a year. Earnings are forecast to grow by 3.6% in the next year.
分析記事 • Apr 02Pou Chen (TWSE:9904) Has Some Way To Go To Become A Multi-BaggerIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
お知らせ • Mar 14Pou Chen Corporation, Annual General Meeting, May 29, 2025Pou Chen Corporation, Annual General Meeting, May 29, 2025, at 09:30 Taipei Standard Time. Location: 3 floor no,2, fu kung rd., fusing township, changhua county Taiwan
Reported Earnings • Mar 13Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: NT$5.44 (up from NT$3.61 in FY 2023). Revenue: NT$263.8b (up 7.0% from FY 2023). Net income: NT$16.0b (up 51% from FY 2023). Profit margin: 6.1% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year.
分析記事 • Mar 11We Think Pou Chen (TWSE:9904) Can Manage Its Debt With EaseSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Mar 05Pou Chen Corporation to Report Fiscal Year 2024 Results on Mar 12, 2025Pou Chen Corporation announced that they will report fiscal year 2024 results on Mar 12, 2025
分析記事 • Feb 11Improved Earnings Required Before Pou Chen Corporation (TWSE:9904) Shares Find Their FeetWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 22x, you may consider Pou...
分析記事 • Dec 30Returns On Capital At Pou Chen (TWSE:9904) Have StalledIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
分析記事 • Nov 21We Think That There Are Issues Underlying Pou Chen's (TWSE:9904) EarningsUnsurprisingly, Pou Chen Corporation's ( TWSE:9904 ) stock price was strong on the back of its healthy earnings report...
Price Target Changed • Nov 16Price target increased by 13% to NT$47.25Up from NT$42.00, the current price target is an average from 2 analysts. New target price is 10% above last closing price of NT$42.85. Stock is up 39% over the past year. The company is forecast to post earnings per share of NT$4.81 for next year compared to NT$3.61 last year.
Reported Earnings • Nov 15Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: NT$1.94 (down from NT$2.06 in 3Q 2023). Revenue: NT$66.8b (up 15% from 3Q 2023). Net income: NT$5.73b (down 5.8% from 3Q 2023). Profit margin: 8.6% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 109%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
分析記事 • Nov 13Pou Chen (TWSE:9904) Could Easily Take On More DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
お知らせ • Nov 05Pou Chen Corporation to Report Q3, 2024 Results on Nov 12, 2024Pou Chen Corporation announced that they will report Q3, 2024 results on Nov 12, 2024
分析記事 • Oct 28Why Investors Shouldn't Be Surprised By Pou Chen Corporation's (TWSE:9904) Low P/EWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 22x, you may consider Pou...
分析記事 • Sep 23Pou Chen (TWSE:9904) Hasn't Managed To Accelerate Its ReturnsDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
分析記事 • Sep 04Are Investors Undervaluing Pou Chen Corporation (TWSE:9904) By 29%?Key Insights Using the 2 Stage Free Cash Flow to Equity, Pou Chen fair value estimate is NT$46.68 Pou Chen's NT$33.25...
Reported Earnings • Aug 15Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: NT$1.16 (down from NT$1.19 in 2Q 2023). Revenue: NT$65.3b (up 3.5% from 2Q 2023). Net income: NT$3.41b (down 2.7% from 2Q 2023). Profit margin: 5.2% (down from 5.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% 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 • Aug 07Pou Chen Corporation to Report Q2, 2024 Results on Aug 14, 2024Pou Chen Corporation announced that they will report Q2, 2024 results on Aug 14, 2024
分析記事 • Jul 17Pou Chen Corporation's (TWSE:9904) Share Price Is Matching Sentiment Around Its EarningsWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 24x, you may consider Pou...
Upcoming Dividend • Jun 20Upcoming dividend of NT$1.10 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (3.1%).
分析記事 • Jun 14The Returns On Capital At Pou Chen (TWSE:9904) Don't Inspire ConfidenceWhat underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in...
お知らせ • Jun 08Pou Chen Corporation Announces Cash Dividend, Payable on July 26, 2024POU Chen Corporation announced cash dividend of TWD 3,241,465,934 (TWD 1.1 per share). Ex-rights (ex-dividend) trading date is June 27, 2024; ex-rights (ex-dividend) record date is July 5, 2024. Payable on July 26, 2024.
Price Target Changed • May 25Price target increased by 8.6% to NT$42.00Up from NT$38.67, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$37.05. Stock is up 15% over the past year. The company is forecast to post earnings per share of NT$5.28 for next year compared to NT$3.61 last year.
Major Estimate Revision • May 25Consensus EPS estimates increase by 17%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$4.53 to NT$5.28. Revenue forecast steady at NT$256.8b. Net income forecast to grow 6.6% next year vs 16% growth forecast for Luxury industry in Taiwan. Consensus price target up from NT$38.67 to NT$42.00. Share price was steady at NT$37.05 over the past week.
New Risk • May 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 16First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: NT$1.58 (up from NT$0.34 in 1Q 2023). Revenue: NT$63.3b (down 1.7% from 1Q 2023). Net income: NT$4.65b (up 369% from 1Q 2023). Profit margin: 7.4% (up from 1.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 49%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% 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 • May 09Pou Chen Corporation to Report Q1, 2024 Results on May 15, 2024Pou Chen Corporation announced that they will report Q1, 2024 results on May 15, 2024
分析記事 • Apr 22Here's Why Pou Chen (TWSE:9904) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Mar 22Pou Chen's (TWSE:9904) Problems Go Beyond Weak ProfitPou Chen Corporation's ( TWSE:9904 ) recent weak earnings report didn't cause a big stock movement. Our analysis...
Major Estimate Revision • Mar 22Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$4.81 to NT$4.17 per share. Revenue forecast steady at NT$255.9b. Net income forecast to grow 15% next year vs 23% growth forecast for Luxury industry in Taiwan. Consensus price target up from NT$35.90 to NT$38.67. Share price rose 5.6% to NT$34.90 over the past week.
Price Target Changed • Mar 21Price target increased by 7.7% to NT$38.67Up from NT$35.90, the current price target is an average from 3 analysts. New target price is 10% above last closing price of NT$35.10. Stock is up 14% over the past year. The company is forecast to post earnings per share of NT$4.17 for next year compared to NT$3.61 last year.
Reported Earnings • Mar 16Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$3.61 (down from NT$4.29 in FY 2022). Revenue: NT$246.6b (down 7.8% from FY 2022). Net income: NT$10.6b (down 16% from FY 2022). Profit margin: 4.3% (down from 4.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year.
お知らせ • Mar 15Pou Chen Corporation, Annual General Meeting, May 31, 2024Pou Chen Corporation, Annual General Meeting, May 31, 2024. Location: The conference room on the third floor of the Fuxing Industrial Park in Fuxing Industrial Park located at No.2, Fugong Road, Fuxing Township, Changhua County, Taiwan Changhua County Taiwan Agenda: To consider 2023 business and financial reports; to consider Audit Committee's review report on the 2023 financial statements; to consider Report on the 2023 distribution of employees' compensation and Directors' remuneration; to consider Report on the distribution for cash dividend of 2023 earnings.
分析記事 • Mar 01Returns On Capital Signal Difficult Times Ahead For Pou Chen (TWSE:9904)When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
Price Target Changed • Nov 22Price target decreased by 7.9% to NT$35.90Down from NT$39.00, the current price target is an average from 3 analysts. New target price is 18% above last closing price of NT$30.40. Stock is down 6.3% over the past year. The company is forecast to post earnings per share of NT$4.66 for next year compared to NT$4.29 last year.
New Risk • Nov 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 6.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.1% net profit margin).
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: NT$2.06 (vs NT$1.94 in 3Q 2022)Third quarter 2023 results: EPS: NT$2.06 (up from NT$1.94 in 3Q 2022). Revenue: NT$58.3b (down 16% from 3Q 2022). Net income: NT$6.08b (up 6.2% from 3Q 2022). Profit margin: 10% (up from 8.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: NT$1.19 (vs NT$1.72 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.19 (down from NT$1.72 in 2Q 2022). Revenue: NT$63.1b (down 7.7% from 2Q 2022). Net income: NT$3.51b (down 31% from 2Q 2022). Profit margin: 5.6% (down from 7.4% 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 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 12+ 1 more updatePou Chen Corporation Announces Executive ChangesPou Chen Corporation announced that Mr. Chau Chi Ming, Dickens has tendered his resignation as the company secretary and will cease to act as an authorized representative of Yue Yuen; and Ms. Ng Yin Ling, Jennifer has been appointed as the company secretary and an authorized representative of Yue Yuen, all with effect from August 11, 2023.
お知らせ • Aug 08Pou Chen Corporation to Report Q2, 2023 Results on Aug 14, 2023Pou Chen Corporation announced that they will report Q2, 2023 results on Aug 14, 2023
Upcoming Dividend • Jul 05Upcoming dividend of NT$1.30 per share at 4.1% yieldEligible shareholders must have bought the stock before 12 July 2023. Payment date: 09 August 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). In line with average of industry peers (4.3%).
お知らせ • Jun 22POU Chen Corporation Announces Cash Dividend, Payable on August 9, 2023POU Chen Corporation announced cash dividends of TWD 3,830,823,376 (TWD 1.3 per share). Ex-rights (ex-dividend) trading date: July 12, 2023; Ex-rights (ex-dividend) record date: July 18, 2023. Payable on August 9, 2023.
お知らせ • May 14Pou Chen Corporation to Report Q1, 2023 Results on May 15, 2023Pou Chen Corporation announced that they will report Q1, 2023 results on May 15, 2023
Major Estimate Revision • Mar 28Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$4.07 to NT$4.86. Revenue forecast unchanged at NT$285.5b. Net income forecast to grow 13% next year vs 8.4% decline forecast for Luxury industry in Taiwan. Consensus price target of NT$33.00 unchanged from last update. Share price was steady at NT$30.80 over the past week.
Reported Earnings • Mar 18Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$4.29 (down from NT$4.90 in FY 2021). Revenue: NT$267.5b (up 12% from FY 2021). Net income: NT$12.6b (down 12% from FY 2021). Profit margin: 4.7% (down from 6.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% 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. Independent Director Chu-Sheng Hsu was the last independent 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 13Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$1.94 (up from NT$0.87 in 3Q 2021). Revenue: NT$69.0b (up 51% from 3Q 2021). Net income: NT$5.73b (up 124% from 3Q 2021). Profit margin: 8.3% (up from 5.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 96%. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Luxury industry in Taiwan are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 15Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$1.72 (up from NT$1.25 in 2Q 2021). Revenue: NT$68.3b (up 5.3% from 2Q 2021). Net income: NT$5.06b (up 37% from 2Q 2021). Profit margin: 7.4% (up from 5.7% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 74%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Jul 10Pou Chen Corporation to Report Q2, 2022 Results on Aug 12, 2022Pou Chen Corporation announced that they will report Q2, 2022 results on Aug 12, 2022
Upcoming Dividend • Jul 04Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 09 August 2022. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.1%).
お知らせ • Jun 16Pou Chen Corporation Announces Board ChangesPou Chen Corporation at its 2022 Annual General Shareholders' Meeting held on June 15, 2022 announced board changes. Title and name of the previous position holder: Independent Directors: Mr. Chen, Bor-Liang, Mr. Chiu, Tien-I. Resume of the previous position holder: Independent Directors: Mr. Chen, Bor-Liang: Mr. Chen is currently an independent director of PCC. Mr. Chen was the professor of Business Administration at National Taichung University of Science and Technology, and the professor of Applied Mathematics Department at Tunghai University. Mr. Chiu, Tien-I: Mr. Chiu is currently an independent director of PCC, the managing partner of Chiu & Chien, Attorneys at Law, the adjunct assistant professor of Financial and Economic Law Department at Chung Yuan Christian University, and the adjunct assistant professor of the Business Administration Department at National Central University. Independent Directors: Mr. Hsu, Chu-Sheng and Mr. Chang, Shih-Chieh. Resume of the new position holder: Independent Directors: Mr. Hsu, Chu-Sheng: Mr. Hsu is currently the adjunct professor of Leadership Program at National Taiwan University, and the adjunct professor of Institute of Technology Management at National Tsing Hua University. Mr. Hsu is also an independent director of inergy Technology Inc., an independent director of Fubon Bank (China), and an independent director of Alexander Marine Co. Ltd. Mr. Hsu was the general manager of General Electric International Inc., Taiwan Branch (USA), and the managing director of IBM Taiwan Corporation; Mr. Chang, Shih-Chieh: Mr. Chang is the professor of the College of Risk Management and Insurance at National Chengchi University, the chairman of Risk Management Society of Taiwan, an independent director of CTBC Bank Co. Ltd., and an independent director of CTBC Financial Holdings Co. Ltd. Mr. Chang was an independent director of Taiwan Life Insurance Co. Ltd., and an independent director of TLG Insurance Co. Ltd. Effective date of the new appointment is June 15, 2022.
Reported Earnings • May 16First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$1.57 (down from NT$2.13 in 1Q 2021). Revenue: NT$67.3b (down 5.1% from 1Q 2021). Net income: NT$4.64b (down 26% from 1Q 2021). Profit margin: 6.9% (down from 8.9% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • May 14Pou Chen Corporation Appoints Chiu, Hui-Yao as Chief Information Security Officer with Effect from May 13, 2022Pou Chen Corporation appointed Chiu, Hui-Yao, vice president of information department of the Company as Chief Information Security Officer with effect from May 13, 2022.
Board Change • Apr 27Less 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. 5 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Huan-Chung Chen was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Jan 05Less 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. 5 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Huan-Chung Chen was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Jul 07Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 14 July 2021. Payment date: 09 August 2021. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (2.3%).
Price Target Changed • May 28Price target increased to NT$35.67Up from NT$32.33, the current price target is an average from 2 analysts. New target price is 7.0% below last closing price of NT$38.35. Stock is up 30% over the past year.
Valuation Update With 7 Day Price Move • May 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$35.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Luxury industry in Taiwan. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$67.17 per share.
Major Estimate Revision • May 20Consensus EPS estimates increase to NT$4.83The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$278.7b to NT$292.7b. EPS estimate increased from NT$2.89 to NT$4.83 per share. Net income forecast to grow 33% next year vs 24% growth forecast for Luxury industry in Taiwan. Consensus price target up from NT$32.33 to NT$34.00. Share price rose 16% to NT$35.70 over the past week.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$2.13 (vs NT$0.40 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$70.9b (up 19% from 1Q 2020). Net income: NT$6.28b (up 429% from 1Q 2020). Profit margin: 8.9% (up from 2.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 06Pou Chen (TPE:9904) Is Making Moderate Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$1.64 (vs NT$4.01 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$250.0b (down 20% from FY 2019). Net income: NT$4.84b (down 59% from FY 2019). Profit margin: 1.9% (down from 3.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Mar 11New 90-day high: NT$32.25The company is up 3.0% from its price of NT$31.30 on 11 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$52.99 per share.
分析記事 • Feb 25Should Pou Chen Corporation (TPE:9904) Be Part Of Your Dividend Portfolio?Dividend paying stocks like Pou Chen Corporation ( TPE:9904 ) tend to be popular with investors, and for good reason...
分析記事 • Jan 28Pou Chen's (TPE:9904) Shareholders Are Down 27% On Their SharesWhile not a mind-blowing move, it is good to see that the Pou Chen Corporation ( TPE:9904 ) share price has gained 12...
分析記事 • Dec 17Is Pou Chen Corporation (TPE:9904) Trading At A 44% Discount?Does the December share price for Pou Chen Corporation ( TPE:9904 ) reflect what it's really worth? Today, we will...
Is New 90 Day High Low • Dec 10New 90-day high: NT$31.95The company is up 18% from its price of NT$27.00 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$55.80 per share.
Major Estimate Revision • Dec 03Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$1.58 to NT$1.98. No change was made to the revenue estimate which at the last update was NT$247.9b. Net income is expected to grow by 81% next year compared to 13% growth forecast for the Luxury industry in Taiwan. The consensus price target increased from NT$31.00 to NT$32.33. Share price is up 1.1% to NT$31.45 over the past week.
分析記事 • Nov 25Are Pou Chen's (TPE:9904) Statutory Earnings A Good Reflection Of Its Earnings Potential?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...
Major Estimate Revision • Nov 19Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$0.92 to NT$1.58. Revenue estimate for the same period was approximately flat at NT$256.0b. Net income is expected to grow by 71% next year compared to 13% growth forecast for the Luxury industry in Taiwan. The consensus price target increased from NT$27.33 to NT$31.00. Share price is up 8.6% to NT$31.00 over the past week.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$1.14The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$59.1b (down 23% from 3Q 2019). Net income: NT$3.34b (down 24% from 3Q 2019). Profit margin: 5.7% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 14Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 119%. Over the next year, revenue is forecast to grow 3.0%, compared to a 3.0% growth forecast for the Luxury industry in Taiwan.
Is New 90 Day High Low • Oct 30New 90-day low: NT$25.20The company is down 5.0% from its price of NT$26.55 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$30.50 per share.