View Future GrowthSesoda 過去の業績過去 基準チェック /26Sesodaは、平均年間6.1%の収益成長を遂げていますが、 Chemicals業界の収益は、年間 減少しています。収益は、平均年間1.7% 4.6%収益成長率で 成長しています。 Sesodaの自己資本利益率は11.3%であり、純利益率は13.5%です。主要情報6.15%収益成長率6.14%EPS成長率Chemicals 業界の成長7.89%収益成長率4.63%株主資本利益率11.33%ネット・マージン13.55%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 17First quarter 2026 earnings released: EPS: NT$1.11 (vs NT$1.03 in 1Q 2025)First quarter 2026 results: EPS: NT$1.11 (up from NT$1.03 in 1Q 2025). Revenue: NT$1.55b (up 2.3% from 1Q 2025). Net income: NT$277.6m (up 8.1% from 1Q 2025). Profit margin: 18% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$3.28 (vs NT$3.91 in FY 2024)Full year 2025 results: EPS: NT$3.28 (down from NT$3.91 in FY 2024). Revenue: NT$6.16b (down 3.3% from FY 2024). Net income: NT$817.9m (down 16% from FY 2024). Profit margin: 13% (down from 15% in FY 2024). 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 2% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$1.07 (vs NT$1.17 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.07 (down from NT$1.17 in 3Q 2024). Revenue: NT$1.56b (down 3.9% from 3Q 2024). Net income: NT$265.6m (down 8.8% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.10 (vs NT$1.16 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.10 (down from NT$1.16 in 2Q 2024). Revenue: NT$1.45b (down 11% from 2Q 2024). Net income: NT$25.6m (down 91% from 2Q 2024). Profit margin: 1.8% (down from 18% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year.Reported Earnings • May 06First quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.81 in 1Q 2024)First quarter 2025 results: EPS: NT$1.02 (up from NT$0.81 in 1Q 2024). Revenue: NT$1.52b (up 5.5% from 1Q 2024). Net income: NT$256.7m (up 27% from 1Q 2024). Profit margin: 17% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year.お知らせ • Apr 22Sesoda Corporation to Report Q1, 2025 Results on May 05, 2025Sesoda Corporation announced that they will report Q1, 2025 results on May 05, 2025すべての更新を表示Recent updatesReported Earnings • May 17First quarter 2026 earnings released: EPS: NT$1.11 (vs NT$1.03 in 1Q 2025)First quarter 2026 results: EPS: NT$1.11 (up from NT$1.03 in 1Q 2025). Revenue: NT$1.55b (up 2.3% from 1Q 2025). Net income: NT$277.6m (up 8.1% from 1Q 2025). Profit margin: 18% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Declared Dividend • May 13Dividend reduced to NT$1.60Dividend of NT$1.60 is 20% lower than last year. Ex-date: 28th May 2026 Payment date: 26th June 2026 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Apr 30Now 21% undervaluedOver the last 90 days, the stock has risen 25% to NT$41.80. The fair value is estimated to be NT$52.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.9% over the last 3 years. Earnings per share has grown by 20%.Buy Or Sell Opportunity • Mar 25Now 21% undervaluedOver the last 90 days, the stock has risen 24% to NT$41.20. The fair value is estimated to be NT$52.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.9% over the last 3 years. Earnings per share has grown by 20%.Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$46.20, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 26x in the Chemicals industry in Taiwan. Total returns to shareholders of 31% over the past three years.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$3.28 (vs NT$3.91 in FY 2024)Full year 2025 results: EPS: NT$3.28 (down from NT$3.91 in FY 2024). Revenue: NT$6.16b (down 3.3% from FY 2024). Net income: NT$817.9m (down 16% from FY 2024). Profit margin: 13% (down from 15% in FY 2024). 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 2% per year, which means it is significantly lagging earnings.お知らせ • Feb 26Sesoda Corporation, Annual General Meeting, May 20, 2026Sesoda Corporation, Annual General Meeting, May 20, 2026. Location: no,120, hsin ch`eng 1st rd., su-ao township, yilan county TaiwanReported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$1.07 (vs NT$1.17 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.07 (down from NT$1.17 in 3Q 2024). Revenue: NT$1.56b (down 3.9% from 3Q 2024). Net income: NT$265.6m (down 8.8% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.10 (vs NT$1.16 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.10 (down from NT$1.16 in 2Q 2024). Revenue: NT$1.45b (down 11% from 2Q 2024). Net income: NT$25.6m (down 91% from 2Q 2024). Profit margin: 1.8% (down from 18% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year.Upcoming Dividend • May 21Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 28 May 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.8%).お知らせ • May 17Sesoda Corporation Approves Cash Dividend for the Year 2024Sesoda Corporation announced at 2025 regular shareholders meeting held on May 16, 2025, approved acknowledgment of the 2024 earnings distribution: to distribute common stock cash dividends to shareholders of TWD 2 per share.Declared Dividend • May 07Dividend increased to NT$2.00Dividend of NT$2.00 is 33% higher than last year. Ex-date: 28th May 2025 Payment date: 26th June 2025 Dividend yield will be 5.7%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 06First quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.81 in 1Q 2024)First quarter 2025 results: EPS: NT$1.02 (up from NT$0.81 in 1Q 2024). Revenue: NT$1.52b (up 5.5% from 1Q 2024). Net income: NT$256.7m (up 27% from 1Q 2024). Profit margin: 17% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year.お知らせ • Apr 22Sesoda Corporation to Report Q1, 2025 Results on May 05, 2025Sesoda Corporation announced that they will report Q1, 2025 results on May 05, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$28.90, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total loss to shareholders of 49% over the past three years.分析記事 • Mar 23We Think That There Are Issues Underlying Sesoda's (TWSE:1708) EarningsLast week's profit announcement from Sesoda Corporation ( TWSE:1708 ) was underwhelming for investors, despite headline...Reported Earnings • Mar 18Full year 2024 earnings released: EPS: NT$3.91 (vs NT$0.11 loss in FY 2023)Full year 2024 results: EPS: NT$3.91 (up from NT$0.11 loss in FY 2023). Revenue: NT$6.37b (up 8.3% from FY 2023). Net income: NT$974.6m (up NT$1.00b from FY 2023). Profit margin: 15% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% 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.お知らせ • Feb 11Sesoda Corporation, Annual General Meeting, May 16, 2025Sesoda Corporation, Annual General Meeting, May 16, 2025, at 09:00 Taipei Standard Time. Location: no,120, hsin ch`eng 1st rd., su-ao township, yilan county TaiwanReported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$1.17 (vs NT$0.42 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.17 (up from NT$0.42 in 3Q 2023). Revenue: NT$1.62b (up 16% from 3Q 2023). Net income: NT$291.2m (up 176% from 3Q 2023). Profit margin: 18% (up from 7.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Oct 25Sesoda Corporation to Report Q3, 2024 Results on Nov 08, 2024Sesoda Corporation announced that they will report Q3, 2024 results on Nov 08, 2024Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: NT$1.16 (vs NT$0.37 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$1.16 (up from NT$0.37 loss in 2Q 2023). Revenue: NT$1.62b (up 15% from 2Q 2023). Net income: NT$289.1m (up NT$381.6m from 2Q 2023). Profit margin: 18% (up from net loss in 2Q 2023). The move to profitability was primarily 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 increased by 6% per year, which means it is well ahead of earnings.分析記事 • Aug 13There's Been No Shortage Of Growth Recently For Sesoda's (TWSE:1708) Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...お知らせ • Jul 27Sesoda Corporation to Report Q2, 2024 Results on Aug 12, 2024Sesoda Corporation announced that they will report Q2, 2024 results on Aug 12, 2024お知らせ • Jul 02Sesoda Corporation Announces Sustainable Development Committee ChangesSesoda Corporation Board of Directors resolved Appointment of the Sustainable Development Committee members. Name and resume of the previous position holder: Hwang Chih-Cheng: General Manager of the Company. Name and resume of the new position holder: Shih Yueh-Hui: Chief Director of Suao Main Plant of the Company; Other members name and resume: Chen Rong-Yuan: Chairman of the Company; Chen Cheng-Te: Vice Chairman of the Company; Liu Chih-Yung: General Manager of the Company; Tsao Ming: Formosa Petrochemical Corporation Director/Chairman; Chu Jih-Chuan: Partner Lawyer of Liu, Chang & Partners. Reason for the change: The term has expired and a new appointment has been made by the Board of Directors. Effective date of the new member is July 01, 2024.New Risk • Jun 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 1,820% 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 High level of debt (50% net debt to equity). Paying a dividend despite being loss-making. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.4% net profit margin).Upcoming Dividend • May 24Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 31 May 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its profits and is paying out 77% of its cash flow. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.1%).Reported Earnings • May 08First quarter 2024 earnings released: EPS: NT$0.81 (vs NT$0.55 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.81 (up from NT$0.55 loss in 1Q 2023). Revenue: NT$1.44b (down 10% from 1Q 2023). Net income: NT$202.2m (up NT$339.0m from 1Q 2023). Profit margin: 14% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Reported Earnings • Mar 12Full year 2023 earnings released: NT$0.11 loss per share (vs NT$4.84 profit in FY 2022)Full year 2023 results: NT$0.11 loss per share (down from NT$4.84 profit in FY 2022). Revenue: NT$5.88b (down 27% from FY 2022). Net loss: NT$28.5m (down 102% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Feb 20Sesoda Corporation, Annual General Meeting, May 21, 2024Sesoda Corporation, Annual General Meeting, May 21, 2024. Location: No.120 Xincheng 1st Road, Suao Township, Yilan County Taiwan Agenda: To consider the 2023 Business Report; to consider the Audit Committee's review of the 2023 annual final accounting books and statements; to consider the Report on 2023 employees' and directors' remuneration; to consider the Report on 2023 earnings distribution into cash dividends; and to discuss other matters.New Risk • Nov 08New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risk Paying a dividend despite being loss-making.Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: NT$0.42 (vs NT$1.72 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.42 (down from NT$1.72 in 3Q 2022). Revenue: NT$1.39b (down 38% from 3Q 2022). Net income: NT$105.7m (down 75% from 3Q 2022). Profit margin: 7.6% (down from 19% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 08Second quarter 2023 earnings released: NT$0.37 loss per share (vs NT$1.43 profit in 2Q 2022)Second quarter 2023 results: NT$0.37 loss per share (down from NT$1.43 profit in 2Q 2022). Revenue: NT$1.41b (down 28% from 2Q 2022). Net loss: NT$92.5m (down 126% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 29Upcoming dividend of NT$3.00 per share at 7.7% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 03 August 2023. The company is paying out more than 100% of its profits and is paying out 96% of its cash flow. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.6%).お知らせ • May 19Sesoda Corporation Approves Cash DividendSesoda Corporation at the shareholders meeting held on May 18, 2023, approved cash dividends to shareholders of TWD 3 per common share.Reported Earnings • May 14First quarter 2023 earnings released: NT$0.55 loss per share (vs NT$1.51 profit in 1Q 2022)First quarter 2023 results: NT$0.55 loss per share (down from NT$1.51 profit in 1Q 2022). Revenue: NT$1.61b (down 16% from 1Q 2022). Net loss: NT$136.8m (down 137% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 29Full year 2022 earnings released: EPS: NT$4.84 (vs NT$2.69 in FY 2021)Full year 2022 results: EPS: NT$4.84 (up from NT$2.69 in FY 2021). Revenue: NT$8.03b (up 67% from FY 2021). Net income: NT$1.20b (up 80% from FY 2021). Profit margin: 15% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Jih-Chuan Chu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 11Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: NT$2.25b (up 85% from 3Q 2021). Net income: NT$427.3m (up 192% from 3Q 2021). Profit margin: 19% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$41.20, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 107% over the past three years.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$1.43 (vs NT$0.52 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.43 (up from NT$0.52 in 2Q 2021). Revenue: NT$1.96b (up 71% from 2Q 2021). Net income: NT$356.5m (up 173% from 2Q 2021). Profit margin: 18% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 14Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (8.3%).お知らせ • May 21Sesoda Corporation Approves Cash DividendSesoda Corporation approved to distribute cash dividends to shareholders TWD 2 per common share, at its 2022 regular shareholders meeting held on May 20, 2022.Reported Earnings • May 11First quarter 2022 earnings released: EPS: NT$1.51 (vs NT$0.21 in 1Q 2021)First quarter 2022 results: EPS: NT$1.51 (up from NT$0.21 in 1Q 2021). Revenue: NT$1.91b (up 126% from 1Q 2021). Net income: NT$375.1m (up NT$322.8m from 1Q 2021). Profit margin: 20% (up from 6.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 39% per year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Hsin Wang Po 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.Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$67.80, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Total returns to shareholders of 244% over the past three years.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$50.60, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total returns to shareholders of 162% over the past three years.Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$39.25, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Total returns to shareholders of 103% over the past three years.お知らせ • Feb 17Sesoda Corporation, Annual General Meeting, May 20, 2022Sesoda Corporation, Annual General Meeting, May 20, 2022, at 09:00 Taipei Standard Time. Location: No.120 Xincheng 1st Road, Suao Township Yilan County Yilan Taiwan Agenda: To consider 2021 Business Report; to consider Report on 2021 employees' and directors' remuneration; to consider Audit Committee's review of the 2021 annual final accounting books and statements; to consider Report on 2021 earnings distribution into cash dividends; to consider Discussion of amendments to the Company's Articles of Incorporation; to consider Discussion of amendments to the Company's Operating Procedures of Fund Lending and Procedures for Endorsements & Guarantees; and consider any other matters.お知らせ • Feb 11Sesoda Corporation Announcement of Change in Representative of Juristic-Person DirectorSesoda Corporation announced change in representative of juristic-person director. Name of legal person: San De International Investment Corporation.Name of the previous position holder: Hwang Chih-Cherng. Resume of the previous position holder: General Manager of Sesoda Corporation. Name of the new position holder: Fritz Yi-Teh Chen. Resume of the new position holder: Chairman of Sincere Industrial Corp. Reason for the change: San De International Investment Corporation assigned a new representative to serve as institutional director. Effective date of the new appointment: February 10, 2022.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.59 (vs NT$0.22 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.22b (up 22% from 3Q 2020). Net income: NT$146.5m (up 169% from 3Q 2020). Profit margin: 12% (up from 5.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$29.10, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 43% over the past three years.Upcoming Dividend • Aug 20Upcoming dividend of NT$0.90 per shareEligible shareholders must have bought the stock before 27 August 2021. Payment date: 15 October 2021. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.0%).Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.57 (vs NT$0.08 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.15b (up 13% from 2Q 2020). Net income: NT$130.4m (up NT$112.2m from 2Q 2020). Profit margin: 11% (up from 1.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Executive Departure • Jul 14Director Hsin-Jung Chao has left the companyOn the 5th of July, Hsin-Jung Chao's tenure as Director ended. We don't have any record of a personal shareholding under Hsin-Jung's name. A total of 2 executives have left over the last 12 months.Executive Departure • Jul 14Independent Director Pei-Chun Chen has left the companyOn the 5th of July, Pei-Chun Chen's tenure as Independent Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Pei-Chun's name. A total of 2 executives have left over the last 12 months.Valuation Update With 7 Day Price Move • Jun 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$33.20, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 43% over the past three years.Reported Earnings • May 13First quarter 2021 earnings released: EPS NT$0.23 (vs NT$0.12 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$846.4m (down 20% from 1Q 2020). Net income: NT$52.3m (up 86% from 1Q 2020). Profit margin: 6.2% (up from 2.7% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has remained flat, which means it is well ahead of earnings.分析記事 • Apr 25These 4 Measures Indicate That Sesoda (TPE:1708) Is Using Debt In A Risky WayDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$30.70, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total returns to shareholders of 28% over the past three years.Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$0.76 (vs NT$1.20 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.03b (down 7.1% from FY 2019). Net income: NT$174.1m (down 37% from FY 2019). Profit margin: 4.3% (down from 6.3% 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 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.分析記事 • Mar 19The Trends At Sesoda (TPE:1708) That You Should Know AboutIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...分析記事 • Mar 01Sesoda Corporation (TPE:1708) Is Up But Financials Look Inconsistent: Which Way Is The Stock Headed?Most readers would already know that Sesoda's (TPE:1708) stock increased by 4.4% over the past month. Given that the...お知らせ • Feb 23Sesoda Corporation, Annual General Meeting, May 25, 2021Sesoda Corporation, Annual General Meeting, May 25, 2021.分析記事 • Feb 12Are Dividend Investors Making A Mistake With Sesoda Corporation (TPE:1708)?Is Sesoda Corporation ( TPE:1708 ) a good dividend stock? How can we tell? Dividend paying companies with growing...Is New 90 Day High Low • Feb 05New 90-day low: NT$21.55The company is down 2.0% from its price of NT$22.10 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period.分析記事 • Jan 25Sesoda (TPE:1708) Seems To Be Using A Lot Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Is New 90 Day High Low • Jan 20New 90-day low: NT$21.95The company is down 3.0% from its price of NT$22.55 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 15% over the same period.分析記事 • Jan 04Sesoda (TPE:1708) Share Prices Have Dropped 12% In The Last Three YearsMany investors define successful investing as beating the market average over the long term. But in any portfolio...Is New 90 Day High Low • Dec 21New 90-day high: NT$24.30The company is up 4.0% from its price of NT$23.45 on 22 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period.分析記事 • Dec 16We're Watching These Trends At Sesoda (TPE:1708)There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...分析記事 • Nov 26Can Sesoda Corporation (TPE:1708) Performance Keep Up Given Its Mixed Bag Of Fundamentals?Most readers would already know that Sesoda's (TPE:1708) stock increased by 2.5% over the past month. However, we...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.24The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$997.5m (down 10% from 3Q 2019). Net income: NT$54.5m (down 15% from 3Q 2019). Profit margin: 5.5% (down from 5.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% 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.収支内訳Sesoda 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:1708 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 266,192839842031 Dec 256,157818841030 Sep 256,211750882030 Jun 256,275775903031 Mar 256,4461,029939031 Dec 246,366949926030 Sep 246,153868833030 Jun 245,925682776031 Mar 245,713311712031 Dec 235,879-28649030 Sep 236,301-781,075030 Jun 237,164244886031 Mar 237,719693978031 Dec 228,0251,2041,100030 Sep 227,7101,501721030 Jun 226,6761,220937031 Mar 225,860994866031 Dec 214,795671752030 Sep 214,183403663030 Jun 213,959311611031 Mar 213,824198584031 Dec 204,035174583030 Sep 204,163174586030 Jun 204,280184584031 Mar 204,484246597031 Dec 194,343275570030 Sep 194,011253514030 Jun 194,044297513031 Mar 193,912307500031 Dec 184,069351523030 Sep 184,266434564030 Jun 184,111448557031 Mar 184,013494565031 Dec 173,877491553030 Sep 173,965629582130 Jun 174,022619582331 Mar 174,042569576431 Dec 164,115572579630 Sep 164,109135538630 Jun 164,266246539431 Mar 164,445343532431 Dec 154,594453540430 Sep 154,660766551330 Jun 154,5037145343質の高い収益: 1708は 高品質の収益 を持っています。利益率の向上: 1708の現在の純利益率 (13.5%)は、昨年(16%)よりも低くなっています。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: 1708の収益は過去 5 年間で年間6.1%増加しました。成長の加速: 1708は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 1708は過去 1 年間で収益成長率がマイナス ( -18.5% ) となったため、 Chemicals業界平均 ( -7.2% ) と比較することが困難です。株主資本利益率高いROE: 1708の 自己資本利益率 ( 11.3% ) 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7D1Y7D1Y7D1YMaterials 、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2026/05/22 03:46終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sesoda Corporation 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。4 アナリスト機関Xuanyi YangCapital Securities CorporationAaron LiuKGI Securities Co. Ltd.Yucheng TsaiSinoPac Securities Investment Service1 その他のアナリストを表示
Reported Earnings • May 17First quarter 2026 earnings released: EPS: NT$1.11 (vs NT$1.03 in 1Q 2025)First quarter 2026 results: EPS: NT$1.11 (up from NT$1.03 in 1Q 2025). Revenue: NT$1.55b (up 2.3% from 1Q 2025). Net income: NT$277.6m (up 8.1% from 1Q 2025). Profit margin: 18% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$3.28 (vs NT$3.91 in FY 2024)Full year 2025 results: EPS: NT$3.28 (down from NT$3.91 in FY 2024). Revenue: NT$6.16b (down 3.3% from FY 2024). Net income: NT$817.9m (down 16% from FY 2024). Profit margin: 13% (down from 15% in FY 2024). 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 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$1.07 (vs NT$1.17 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.07 (down from NT$1.17 in 3Q 2024). Revenue: NT$1.56b (down 3.9% from 3Q 2024). Net income: NT$265.6m (down 8.8% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.10 (vs NT$1.16 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.10 (down from NT$1.16 in 2Q 2024). Revenue: NT$1.45b (down 11% from 2Q 2024). Net income: NT$25.6m (down 91% from 2Q 2024). Profit margin: 1.8% (down from 18% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year.
Reported Earnings • May 06First quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.81 in 1Q 2024)First quarter 2025 results: EPS: NT$1.02 (up from NT$0.81 in 1Q 2024). Revenue: NT$1.52b (up 5.5% from 1Q 2024). Net income: NT$256.7m (up 27% from 1Q 2024). Profit margin: 17% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year.
お知らせ • Apr 22Sesoda Corporation to Report Q1, 2025 Results on May 05, 2025Sesoda Corporation announced that they will report Q1, 2025 results on May 05, 2025
Reported Earnings • May 17First quarter 2026 earnings released: EPS: NT$1.11 (vs NT$1.03 in 1Q 2025)First quarter 2026 results: EPS: NT$1.11 (up from NT$1.03 in 1Q 2025). Revenue: NT$1.55b (up 2.3% from 1Q 2025). Net income: NT$277.6m (up 8.1% from 1Q 2025). Profit margin: 18% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Declared Dividend • May 13Dividend reduced to NT$1.60Dividend of NT$1.60 is 20% lower than last year. Ex-date: 28th May 2026 Payment date: 26th June 2026 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Apr 30Now 21% undervaluedOver the last 90 days, the stock has risen 25% to NT$41.80. The fair value is estimated to be NT$52.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.9% over the last 3 years. Earnings per share has grown by 20%.
Buy Or Sell Opportunity • Mar 25Now 21% undervaluedOver the last 90 days, the stock has risen 24% to NT$41.20. The fair value is estimated to be NT$52.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.9% over the last 3 years. Earnings per share has grown by 20%.
Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$46.20, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 26x in the Chemicals industry in Taiwan. Total returns to shareholders of 31% over the past three years.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$3.28 (vs NT$3.91 in FY 2024)Full year 2025 results: EPS: NT$3.28 (down from NT$3.91 in FY 2024). Revenue: NT$6.16b (down 3.3% from FY 2024). Net income: NT$817.9m (down 16% from FY 2024). Profit margin: 13% (down from 15% in FY 2024). 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 2% per year, which means it is significantly lagging earnings.
お知らせ • Feb 26Sesoda Corporation, Annual General Meeting, May 20, 2026Sesoda Corporation, Annual General Meeting, May 20, 2026. Location: no,120, hsin ch`eng 1st rd., su-ao township, yilan county Taiwan
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$1.07 (vs NT$1.17 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.07 (down from NT$1.17 in 3Q 2024). Revenue: NT$1.56b (down 3.9% from 3Q 2024). Net income: NT$265.6m (down 8.8% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.10 (vs NT$1.16 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.10 (down from NT$1.16 in 2Q 2024). Revenue: NT$1.45b (down 11% from 2Q 2024). Net income: NT$25.6m (down 91% from 2Q 2024). Profit margin: 1.8% (down from 18% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year.
Upcoming Dividend • May 21Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 28 May 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.8%).
お知らせ • May 17Sesoda Corporation Approves Cash Dividend for the Year 2024Sesoda Corporation announced at 2025 regular shareholders meeting held on May 16, 2025, approved acknowledgment of the 2024 earnings distribution: to distribute common stock cash dividends to shareholders of TWD 2 per share.
Declared Dividend • May 07Dividend increased to NT$2.00Dividend of NT$2.00 is 33% higher than last year. Ex-date: 28th May 2025 Payment date: 26th June 2025 Dividend yield will be 5.7%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 06First quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.81 in 1Q 2024)First quarter 2025 results: EPS: NT$1.02 (up from NT$0.81 in 1Q 2024). Revenue: NT$1.52b (up 5.5% from 1Q 2024). Net income: NT$256.7m (up 27% from 1Q 2024). Profit margin: 17% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year.
お知らせ • Apr 22Sesoda Corporation to Report Q1, 2025 Results on May 05, 2025Sesoda Corporation announced that they will report Q1, 2025 results on May 05, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$28.90, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total loss to shareholders of 49% over the past three years.
分析記事 • Mar 23We Think That There Are Issues Underlying Sesoda's (TWSE:1708) EarningsLast week's profit announcement from Sesoda Corporation ( TWSE:1708 ) was underwhelming for investors, despite headline...
Reported Earnings • Mar 18Full year 2024 earnings released: EPS: NT$3.91 (vs NT$0.11 loss in FY 2023)Full year 2024 results: EPS: NT$3.91 (up from NT$0.11 loss in FY 2023). Revenue: NT$6.37b (up 8.3% from FY 2023). Net income: NT$974.6m (up NT$1.00b from FY 2023). Profit margin: 15% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% 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.
お知らせ • Feb 11Sesoda Corporation, Annual General Meeting, May 16, 2025Sesoda Corporation, Annual General Meeting, May 16, 2025, at 09:00 Taipei Standard Time. Location: no,120, hsin ch`eng 1st rd., su-ao township, yilan county Taiwan
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$1.17 (vs NT$0.42 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.17 (up from NT$0.42 in 3Q 2023). Revenue: NT$1.62b (up 16% from 3Q 2023). Net income: NT$291.2m (up 176% from 3Q 2023). Profit margin: 18% (up from 7.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Oct 25Sesoda Corporation to Report Q3, 2024 Results on Nov 08, 2024Sesoda Corporation announced that they will report Q3, 2024 results on Nov 08, 2024
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: NT$1.16 (vs NT$0.37 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$1.16 (up from NT$0.37 loss in 2Q 2023). Revenue: NT$1.62b (up 15% from 2Q 2023). Net income: NT$289.1m (up NT$381.6m from 2Q 2023). Profit margin: 18% (up from net loss in 2Q 2023). The move to profitability was primarily 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 increased by 6% per year, which means it is well ahead of earnings.
分析記事 • Aug 13There's Been No Shortage Of Growth Recently For Sesoda's (TWSE:1708) Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
お知らせ • Jul 27Sesoda Corporation to Report Q2, 2024 Results on Aug 12, 2024Sesoda Corporation announced that they will report Q2, 2024 results on Aug 12, 2024
お知らせ • Jul 02Sesoda Corporation Announces Sustainable Development Committee ChangesSesoda Corporation Board of Directors resolved Appointment of the Sustainable Development Committee members. Name and resume of the previous position holder: Hwang Chih-Cheng: General Manager of the Company. Name and resume of the new position holder: Shih Yueh-Hui: Chief Director of Suao Main Plant of the Company; Other members name and resume: Chen Rong-Yuan: Chairman of the Company; Chen Cheng-Te: Vice Chairman of the Company; Liu Chih-Yung: General Manager of the Company; Tsao Ming: Formosa Petrochemical Corporation Director/Chairman; Chu Jih-Chuan: Partner Lawyer of Liu, Chang & Partners. Reason for the change: The term has expired and a new appointment has been made by the Board of Directors. Effective date of the new member is July 01, 2024.
New Risk • Jun 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 1,820% 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 High level of debt (50% net debt to equity). Paying a dividend despite being loss-making. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.4% net profit margin).
Upcoming Dividend • May 24Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 31 May 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its profits and is paying out 77% of its cash flow. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.1%).
Reported Earnings • May 08First quarter 2024 earnings released: EPS: NT$0.81 (vs NT$0.55 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.81 (up from NT$0.55 loss in 1Q 2023). Revenue: NT$1.44b (down 10% from 1Q 2023). Net income: NT$202.2m (up NT$339.0m from 1Q 2023). Profit margin: 14% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 12Full year 2023 earnings released: NT$0.11 loss per share (vs NT$4.84 profit in FY 2022)Full year 2023 results: NT$0.11 loss per share (down from NT$4.84 profit in FY 2022). Revenue: NT$5.88b (down 27% from FY 2022). Net loss: NT$28.5m (down 102% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Feb 20Sesoda Corporation, Annual General Meeting, May 21, 2024Sesoda Corporation, Annual General Meeting, May 21, 2024. Location: No.120 Xincheng 1st Road, Suao Township, Yilan County Taiwan Agenda: To consider the 2023 Business Report; to consider the Audit Committee's review of the 2023 annual final accounting books and statements; to consider the Report on 2023 employees' and directors' remuneration; to consider the Report on 2023 earnings distribution into cash dividends; and to discuss other matters.
New Risk • Nov 08New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risk Paying a dividend despite being loss-making.
Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: NT$0.42 (vs NT$1.72 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.42 (down from NT$1.72 in 3Q 2022). Revenue: NT$1.39b (down 38% from 3Q 2022). Net income: NT$105.7m (down 75% from 3Q 2022). Profit margin: 7.6% (down from 19% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 08Second quarter 2023 earnings released: NT$0.37 loss per share (vs NT$1.43 profit in 2Q 2022)Second quarter 2023 results: NT$0.37 loss per share (down from NT$1.43 profit in 2Q 2022). Revenue: NT$1.41b (down 28% from 2Q 2022). Net loss: NT$92.5m (down 126% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 29Upcoming dividend of NT$3.00 per share at 7.7% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 03 August 2023. The company is paying out more than 100% of its profits and is paying out 96% of its cash flow. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.6%).
お知らせ • May 19Sesoda Corporation Approves Cash DividendSesoda Corporation at the shareholders meeting held on May 18, 2023, approved cash dividends to shareholders of TWD 3 per common share.
Reported Earnings • May 14First quarter 2023 earnings released: NT$0.55 loss per share (vs NT$1.51 profit in 1Q 2022)First quarter 2023 results: NT$0.55 loss per share (down from NT$1.51 profit in 1Q 2022). Revenue: NT$1.61b (down 16% from 1Q 2022). Net loss: NT$136.8m (down 137% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 29Full year 2022 earnings released: EPS: NT$4.84 (vs NT$2.69 in FY 2021)Full year 2022 results: EPS: NT$4.84 (up from NT$2.69 in FY 2021). Revenue: NT$8.03b (up 67% from FY 2021). Net income: NT$1.20b (up 80% from FY 2021). Profit margin: 15% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Jih-Chuan Chu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 11Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: NT$2.25b (up 85% from 3Q 2021). Net income: NT$427.3m (up 192% from 3Q 2021). Profit margin: 19% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$41.20, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 107% over the past three years.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$1.43 (vs NT$0.52 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.43 (up from NT$0.52 in 2Q 2021). Revenue: NT$1.96b (up 71% from 2Q 2021). Net income: NT$356.5m (up 173% from 2Q 2021). Profit margin: 18% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 14Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (8.3%).
お知らせ • May 21Sesoda Corporation Approves Cash DividendSesoda Corporation approved to distribute cash dividends to shareholders TWD 2 per common share, at its 2022 regular shareholders meeting held on May 20, 2022.
Reported Earnings • May 11First quarter 2022 earnings released: EPS: NT$1.51 (vs NT$0.21 in 1Q 2021)First quarter 2022 results: EPS: NT$1.51 (up from NT$0.21 in 1Q 2021). Revenue: NT$1.91b (up 126% from 1Q 2021). Net income: NT$375.1m (up NT$322.8m from 1Q 2021). Profit margin: 20% (up from 6.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 39% per year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Hsin Wang Po 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.
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$67.80, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Total returns to shareholders of 244% over the past three years.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$50.60, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total returns to shareholders of 162% over the past three years.
Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$39.25, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Total returns to shareholders of 103% over the past three years.
お知らせ • Feb 17Sesoda Corporation, Annual General Meeting, May 20, 2022Sesoda Corporation, Annual General Meeting, May 20, 2022, at 09:00 Taipei Standard Time. Location: No.120 Xincheng 1st Road, Suao Township Yilan County Yilan Taiwan Agenda: To consider 2021 Business Report; to consider Report on 2021 employees' and directors' remuneration; to consider Audit Committee's review of the 2021 annual final accounting books and statements; to consider Report on 2021 earnings distribution into cash dividends; to consider Discussion of amendments to the Company's Articles of Incorporation; to consider Discussion of amendments to the Company's Operating Procedures of Fund Lending and Procedures for Endorsements & Guarantees; and consider any other matters.
お知らせ • Feb 11Sesoda Corporation Announcement of Change in Representative of Juristic-Person DirectorSesoda Corporation announced change in representative of juristic-person director. Name of legal person: San De International Investment Corporation.Name of the previous position holder: Hwang Chih-Cherng. Resume of the previous position holder: General Manager of Sesoda Corporation. Name of the new position holder: Fritz Yi-Teh Chen. Resume of the new position holder: Chairman of Sincere Industrial Corp. Reason for the change: San De International Investment Corporation assigned a new representative to serve as institutional director. Effective date of the new appointment: February 10, 2022.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.59 (vs NT$0.22 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.22b (up 22% from 3Q 2020). Net income: NT$146.5m (up 169% from 3Q 2020). Profit margin: 12% (up from 5.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$29.10, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 43% over the past three years.
Upcoming Dividend • Aug 20Upcoming dividend of NT$0.90 per shareEligible shareholders must have bought the stock before 27 August 2021. Payment date: 15 October 2021. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.0%).
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.57 (vs NT$0.08 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.15b (up 13% from 2Q 2020). Net income: NT$130.4m (up NT$112.2m from 2Q 2020). Profit margin: 11% (up from 1.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Executive Departure • Jul 14Director Hsin-Jung Chao has left the companyOn the 5th of July, Hsin-Jung Chao's tenure as Director ended. We don't have any record of a personal shareholding under Hsin-Jung's name. A total of 2 executives have left over the last 12 months.
Executive Departure • Jul 14Independent Director Pei-Chun Chen has left the companyOn the 5th of July, Pei-Chun Chen's tenure as Independent Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Pei-Chun's name. A total of 2 executives have left over the last 12 months.
Valuation Update With 7 Day Price Move • Jun 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$33.20, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 43% over the past three years.
Reported Earnings • May 13First quarter 2021 earnings released: EPS NT$0.23 (vs NT$0.12 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$846.4m (down 20% from 1Q 2020). Net income: NT$52.3m (up 86% from 1Q 2020). Profit margin: 6.2% (up from 2.7% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
分析記事 • Apr 25These 4 Measures Indicate That Sesoda (TPE:1708) Is Using Debt In A Risky WayDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$30.70, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total returns to shareholders of 28% over the past three years.
Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$0.76 (vs NT$1.20 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.03b (down 7.1% from FY 2019). Net income: NT$174.1m (down 37% from FY 2019). Profit margin: 4.3% (down from 6.3% 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 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 19The Trends At Sesoda (TPE:1708) That You Should Know AboutIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
分析記事 • Mar 01Sesoda Corporation (TPE:1708) Is Up But Financials Look Inconsistent: Which Way Is The Stock Headed?Most readers would already know that Sesoda's (TPE:1708) stock increased by 4.4% over the past month. Given that the...
お知らせ • Feb 23Sesoda Corporation, Annual General Meeting, May 25, 2021Sesoda Corporation, Annual General Meeting, May 25, 2021.
分析記事 • Feb 12Are Dividend Investors Making A Mistake With Sesoda Corporation (TPE:1708)?Is Sesoda Corporation ( TPE:1708 ) a good dividend stock? How can we tell? Dividend paying companies with growing...
Is New 90 Day High Low • Feb 05New 90-day low: NT$21.55The company is down 2.0% from its price of NT$22.10 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period.
分析記事 • Jan 25Sesoda (TPE:1708) Seems To Be Using A Lot Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Is New 90 Day High Low • Jan 20New 90-day low: NT$21.95The company is down 3.0% from its price of NT$22.55 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 15% over the same period.
分析記事 • Jan 04Sesoda (TPE:1708) Share Prices Have Dropped 12% In The Last Three YearsMany investors define successful investing as beating the market average over the long term. But in any portfolio...
Is New 90 Day High Low • Dec 21New 90-day high: NT$24.30The company is up 4.0% from its price of NT$23.45 on 22 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period.
分析記事 • Dec 16We're Watching These Trends At Sesoda (TPE:1708)There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
分析記事 • Nov 26Can Sesoda Corporation (TPE:1708) Performance Keep Up Given Its Mixed Bag Of Fundamentals?Most readers would already know that Sesoda's (TPE:1708) stock increased by 2.5% over the past month. However, we...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.24The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$997.5m (down 10% from 3Q 2019). Net income: NT$54.5m (down 15% from 3Q 2019). Profit margin: 5.5% (down from 5.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% 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.