Taiwan Fertilizer（1722）株式概要台湾肥料股份有限公司は、その子会社とともに、無機肥料、有機肥料、その他の化学製品を台湾、中東、および国際的に製造・販売している。 詳細1722 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績1/6財務の健全性4/6配当金1/6リスク分析過去5年間で収益は年間12.5%減少しました。 4.13%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 利益率(8.1%)は昨年より低い(14.6%) すべてのリスクチェックを見る1722 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$48.4037.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture017b2016201920222025202620282031Revenue NT$11.8bEarnings NT$960.8mAdvancedSet Fair ValueView all narrativesTaiwan Fertilizer Co., Ltd. 競合他社SinonSymbol: TWSE:1712Market cap: NT$16.7bSesodaSymbol: TWSE:1708Market cap: NT$12.0bCH Biotech R&DSymbol: TWSE:6534Market cap: NT$9.2bHuikwangSymbol: TPEX:6508Market cap: NT$2.0b価格と性能株価の高値、安値、推移の概要Taiwan Fertilizer過去の株価現在の株価NT$48.4052週高値NT$55.5052週安値NT$44.05ベータ0.241ヶ月の変化5.79%3ヶ月変化0.62%1年変化-9.36%3年間の変化-21.68%5年間の変化-15.24%IPOからの変化-15.09%最新ニュースReported Earnings • May 09First quarter 2026 earnings released: EPS: NT$0.19 (vs NT$0.10 in 1Q 2025)First quarter 2026 results: EPS: NT$0.19 (up from NT$0.10 in 1Q 2025). Revenue: NT$3.75b (up 13% from 1Q 2025). Net income: NT$184.6m (up 82% from 1Q 2025). Profit margin: 4.9% (up from 3.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% 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.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.95 (vs NT$2.01 in FY 2024)Full year 2025 results: EPS: NT$0.95 (down from NT$2.01 in FY 2024). Revenue: NT$12.1b (up 1.8% from FY 2024). Net income: NT$932.2m (down 53% from FY 2024). Profit margin: 7.7% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% 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.お知らせ • Mar 05Taiwan Fertilizer Co., Ltd., Annual General Meeting, May 27, 2026Taiwan Fertilizer Co., Ltd., Annual General Meeting, May 27, 2026. Location: 4 floor no,1, ching mao 2nd rd., nangang district, taipei city Taiwanお知らせ • Jan 16Taiwan Fertilizer Co., Ltd. Appoints Lin, Chia Rong as Representative of the Institutional Director, Effective January 15, 2026Taiwan Fertilizer Co., Ltd. announced a change in the representative of the company's institutional director. The new position holder is Mr. Lin, Chia Rong, who is the representative of the Ministry of Agriculture and serves as the Chief Secretary of the Ministry of Agriculture. The change is categorized as a new appointment. The representative of the corporate director is replaced by the Ministry of Agriculture. The original term is from June 26, 2024 to June 25, 2027. The effective date of the new appointment is January 15, 2026.お知らせ • Jan 02Taiwan Fertilizer Co., Ltd. Announces CEO ChangesTaiwan Fertilizer Co., Ltd. announced the appointment of Chen Yu-Hsin as President, effective January 1, 2026. The board of directors resolved the appointment on December 30, 2025. The previous President was Chang Chang-Lang, who served as TFC Chairman and President and holds an M.S. from the National Taiwan University Graduate Institute of Building and Planning. The new President, Chen Yu-Hsin, was a Senior Specialist at the Ministry of Agriculture and holds an M.A. from the National Chung Cheng University Graduate Institute of Political Science.Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.57 (vs NT$0.75 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.57 (down from NT$0.75 in 3Q 2024). Revenue: NT$3.02b (up 2.2% from 3Q 2024). Net income: NT$561.7m (down 24% from 3Q 2024). Profit margin: 19% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% 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.最新情報をもっと見るRecent updatesReported Earnings • May 09First quarter 2026 earnings released: EPS: NT$0.19 (vs NT$0.10 in 1Q 2025)First quarter 2026 results: EPS: NT$0.19 (up from NT$0.10 in 1Q 2025). Revenue: NT$3.75b (up 13% from 1Q 2025). Net income: NT$184.6m (up 82% from 1Q 2025). Profit margin: 4.9% (up from 3.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% 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.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.95 (vs NT$2.01 in FY 2024)Full year 2025 results: EPS: NT$0.95 (down from NT$2.01 in FY 2024). Revenue: NT$12.1b (up 1.8% from FY 2024). Net income: NT$932.2m (down 53% from FY 2024). Profit margin: 7.7% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% 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.お知らせ • Mar 05Taiwan Fertilizer Co., Ltd., Annual General Meeting, May 27, 2026Taiwan Fertilizer Co., Ltd., Annual General Meeting, May 27, 2026. Location: 4 floor no,1, ching mao 2nd rd., nangang district, taipei city Taiwanお知らせ • Jan 16Taiwan Fertilizer Co., Ltd. Appoints Lin, Chia Rong as Representative of the Institutional Director, Effective January 15, 2026Taiwan Fertilizer Co., Ltd. announced a change in the representative of the company's institutional director. The new position holder is Mr. Lin, Chia Rong, who is the representative of the Ministry of Agriculture and serves as the Chief Secretary of the Ministry of Agriculture. The change is categorized as a new appointment. The representative of the corporate director is replaced by the Ministry of Agriculture. The original term is from June 26, 2024 to June 25, 2027. The effective date of the new appointment is January 15, 2026.お知らせ • Jan 02Taiwan Fertilizer Co., Ltd. Announces CEO ChangesTaiwan Fertilizer Co., Ltd. announced the appointment of Chen Yu-Hsin as President, effective January 1, 2026. The board of directors resolved the appointment on December 30, 2025. The previous President was Chang Chang-Lang, who served as TFC Chairman and President and holds an M.S. from the National Taiwan University Graduate Institute of Building and Planning. The new President, Chen Yu-Hsin, was a Senior Specialist at the Ministry of Agriculture and holds an M.A. from the National Chung Cheng University Graduate Institute of Political Science.Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.57 (vs NT$0.75 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.57 (down from NT$0.75 in 3Q 2024). Revenue: NT$3.02b (up 2.2% from 3Q 2024). Net income: NT$561.7m (down 24% from 3Q 2024). Profit margin: 19% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% 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.Upcoming Dividend • Aug 28Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 02 September 2025. Payment date: 26 September 2025. The company is paying out more than 100% of its profits and is paying out 93% of its cash flow. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.6%).Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.46 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.44 (down from NT$0.46 in 2Q 2024). Revenue: NT$3.01b (up 3.2% from 2Q 2024). Net income: NT$428.9m (down 4.8% from 2Q 2024). Profit margin: 14% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 7% per year, which means it has not declined as severely as earnings.Declared Dividend • Aug 14Dividend reduced to NT$2.00Dividend of NT$2.00 is 23% lower than last year. Ex-date: 2nd September 2025 Payment date: 26th September 2025 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it covered by cash flows (107% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control. However, EPS has declined by 8.4% over the last 5 years so the company would need to reverse this trend.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.33 in 1Q 2024)First quarter 2025 results: EPS: NT$0.10 (down from NT$0.33 in 1Q 2024). Revenue: NT$3.33b (up 1.1% from 1Q 2024). Net income: NT$101.4m (down 69% from 1Q 2024). Profit margin: 3.0% (down from 9.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% 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.New Risk • May 14New major risk - Revenue and earnings growthEarnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 113% Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin).Buy Or Sell Opportunity • May 05Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to NT$58.50. The fair value is estimated to be NT$47.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 9.1%.お知らせ • May 01Taiwan Fertilizer Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Taiwan Fertilizer Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025分析記事 • Mar 31Returns On Capital Signal Difficult Times Ahead For Taiwan Fertilizer (TWSE:1722)When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$2.01 (vs NT$4.00 in FY 2023)Full year 2024 results: EPS: NT$2.01 (down from NT$4.00 in FY 2023). Revenue: NT$11.9b (down 21% from FY 2023). Net income: NT$1.97b (down 50% from FY 2023). Profit margin: 17% (down from 26% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.お知らせ • Mar 07Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 10, 2025Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 10, 2025. Location: 1 floor no,170, ching mao 1st rd., nangang district, taipei city Taiwanお知らせ • Feb 27Taiwan Fertilizer Co., Ltd. to Report Fiscal Year 2024 Results on Mar 06, 2025Taiwan Fertilizer Co., Ltd. announced that they will report fiscal year 2024 results at 9:00 AM, Taipei Standard Time on Mar 06, 2025Buy Or Sell Opportunity • Feb 13Now 23% overvaluedOver the last 90 days, the stock has fallen 4.5% to NT$52.50. The fair value is estimated to be NT$42.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.5%.分析記事 • Jan 13A Look At The Intrinsic Value Of Taiwan Fertilizer Co., Ltd. (TWSE:1722)Key Insights The projected fair value for Taiwan Fertilizer is NT$45.58 based on 2 Stage Free Cash Flow to Equity With...分析記事 • Nov 19Taiwan Fertilizer's (TWSE:1722) Soft Earnings Are Actually Better Than They AppearThe market for Taiwan Fertilizer Co., Ltd.'s ( TWSE:1722 ) shares didn't move much after it posted weak earnings...Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: NT$0.75 (vs NT$0.62 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.75 (up from NT$0.62 in 3Q 2023). Revenue: NT$2.96b (up 1.3% from 3Q 2023). Net income: NT$737.9m (up 22% from 3Q 2023). Profit margin: 25% (up from 21% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year.分析記事 • Oct 04Taiwan Fertilizer (TWSE:1722) May Have Issues Allocating Its CapitalIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Businesses...Buy Or Sell Opportunity • Aug 30Now 21% overvaluedOver the last 90 days, the stock has fallen 6.0% to NT$60.00. The fair value is estimated to be NT$49.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 6.7%.Upcoming Dividend • Aug 23Upcoming dividend of NT$2.60 per shareEligible shareholders must have bought the stock before 27 August 2024. Payment date: 16 September 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.3%).New Risk • Aug 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 25% 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 Dividend is not well covered by earnings (160% payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin).Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: NT$0.46 (vs NT$2.65 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.46 (down from NT$2.65 in 2Q 2023). Revenue: NT$2.92b (down 52% from 2Q 2023). Net income: NT$450.7m (down 83% from 2Q 2023). Profit margin: 15% (down from 43% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year.分析記事 • Aug 11Taiwan Fertilizer (TWSE:1722) Is Paying Out A Larger Dividend Than Last YearThe board of Taiwan Fertilizer Co., Ltd. ( TWSE:1722 ) has announced that it will be paying its dividend of NT$2.60 on...Declared Dividend • Aug 09Dividend increased to NT$2.60Dividend of NT$2.60 is 4.0% higher than last year. Ex-date: 27th August 2024 Payment date: 16th September 2024 Dividend yield will be 4.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jul 31Taiwan Fertilizer Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Taiwan Fertilizer Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024分析記事 • Jul 19Taiwan Fertilizer Co., Ltd. (TWSE:1722) Might Not Be As Mispriced As It LooksWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 24x, you may consider...お知らせ • Jun 27Taiwan Fertilizer Co., Ltd. Announces Board ElectionsTaiwan Fertilizer Co., Ltd. announced that at its shareholders meeting held on June 26, 2024, shareholders approved the elections for board of directors and supervisors: Election of the company’s 36th Board of Directors (including independent directors). Six seats of directors: Representative of Ministry of Agriculture: Liu, Chih-Cheng, Representative of Ministry of Agriculture: Tseng, Hsiang-Hua, Representative of Ministry of Agriculture: Huang, Bing-Chuan, Tsao, Chi-Hung.お知らせ • May 18Taiwan Fertilizer Co., Ltd. Announces the Resignation of Hu, Jong-I as Juristic-Person Directors, Effective from May 20, 2024Taiwan Fertilizer Co., Ltd. announced the resignation of Hu, Jong-I, Director General, Agriculture and Food Agency, Ministry of Agriculture, as juristic-person directors, effective from May 20, 2024. Reason for the change is Resignation due to personal career planning, the Ministry of Agriculture sent a letter for dismissal.Reported Earnings • May 11First quarter 2024 earnings released: EPS: NT$0.33 (vs NT$0.52 in 1Q 2023)First quarter 2024 results: EPS: NT$0.33 (down from NT$0.52 in 1Q 2023). Revenue: NT$3.30b (down 4.0% from 1Q 2023). Net income: NT$324.7m (down 36% from 1Q 2023). Profit margin: 9.8% (down from 15% in 1Q 2023). The decrease in margin was primarily 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 5% per year, which means it is significantly lagging earnings growth.お知らせ • May 03Taiwan Fertilizer Co., Ltd. Announces Change of Financial OfficerTaiwan Fertilizer Co., Ltd. announced the change of financial officer. Name, title, and resume of the previous position holder: CHUNG JUN MING, Assistant Vice President, EMBA, National Taiwan University. Name, title, and resume of the new position holder: LIU SHENG HUNG, Assistant Vice President, Special Assistant of Chairman Office, B.B.A., National Chung Hsing University. Reason for the change: position adjustment. Effective date: May 2, 2024.お知らせ • Apr 26Taiwan Fertilizer Co., Ltd. to Report Q1, 2024 Results on May 02, 2024Taiwan Fertilizer Co., Ltd. announced that they will report Q1, 2024 results on May 02, 2024分析記事 • Mar 21Taiwan Fertilizer's (TWSE:1722) Earnings Seem To Be PromisingTaiwan Fertilizer Co., Ltd.'s ( TWSE:1722 ) recent earnings report didn't offer any surprises, with the shares...Reported Earnings • Mar 16Full year 2023 earnings released: EPS: NT$4.00 (vs NT$2.72 in FY 2022)Full year 2023 results: EPS: NT$4.00 (up from NT$2.72 in FY 2022). Revenue: NT$15.0b (flat on FY 2022). Net income: NT$3.92b (up 47% from FY 2022). Profit margin: 26% (up from 18% in FY 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 08+ 1 more updateTaiwan Fertilizer Co., Ltd. Announces Change of Financial OfficerTaiwan Fertilizer Co., Ltd. announced Change of financial officer of the Company. Name, title, and resume of the previous position holder: HUANG MEI LING, Assistant Vice President, MBA, Royal Roads University. Name, title, and resume of the new position holder: CHUNG JUN MING, Assistant Vice President, Chief of Audit Office, EMBA, National Taiwan University. Reason for the change: position adjustment. Effective date is March 7, 2024.分析記事 • Feb 29Returns On Capital Are Showing Encouraging Signs At Taiwan Fertilizer (TWSE:1722)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...お知らせ • Feb 06Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 26, 2024Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 26, 2024.お知らせ • Oct 13Taiwan Fertilizer Co., Ltd. Announces Taiwan's High Court Ruled to Scrap the 112-Year Quanshengzi Ruling No. 2Taiwan Fertilizer Co., Ltd. announced that Taiwan's High Court ruled to scrap the 112-year Quanshengzi Ruling No. 2. Parties to the legal matter: Appellant Dongzheng Investment Consulting Co., Ltd. Date of occurrence of the event: October 12, 2023. The petitioner, Dongzheng Investment Consulting Co., Ltd., filed for cancellation of the leave of absence incident with its counterparty, Taiwan Fertilizer Co., Ltd. The petitioner filed a protest against the ruling issued by the Taiwan Taipei District Court on April 6, 2012, Quan Sheng Zi No. 2, 112. The Taipei District Court of Taiwan allowed company to provide guarantee and revoke the 112-year Quan Sheng Zi Civil Ruling No. 2 regarding the false disposition of 799 parking spaces., was abandoned by the High Court's Civil Ruling No. 1013 of 2012.お知らせ • Oct 07Taiwan Fertilizer Co., Ltd. Announces Change in Representative of its Institutional DirectorTaiwan Fertilizer Co., Ltd. announced the change in representative of the Company’s institutional director. Name of the previous position holder: Representative of Ministry of Agriculture: Wu, Hsi-Ta. Resume of the previous position holder: Manager of Administration Division in Miaoli Factory, TFC. Name of the new position holder: Representative of Ministry of Agriculture: JHANG, JIA-FONG. Resume of the new position holder: Department and Graduate School of Safety Health and Environmental Engineering, National Yunlin University of Science and Technology Engineer, Occupational Safety and Health Division, Taichung Factory, TFC. Effective date of the new appointment is October 6, 2023.お知らせ • Sep 16+ 1 more updateTaiwan Fertilizer Co., Ltd. Announces Appointment of Chang-Lang Chang as President with Effect from September 15, 2023Taiwan Fertilizer Co., Ltd. announced appointment of Chang-Lang Chang as President, National Taiwan University Graduate of Building and Planning M.A., TFC Vice President with effect from September 15, 2023.Upcoming Dividend • Aug 18Upcoming dividend of NT$2.50 per share at 4.0% yieldEligible shareholders must have bought the stock before 25 August 2023. Payment date: 15 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.6%). In line with average of industry peers (3.9%).お知らせ • Aug 09Taiwan Fertilizer Co., Ltd. Declares Cash Dividend, Payable on September 15, 2023Taiwan Fertilizer Co., Ltd. Announced board of directors declared cash dividends of TWD 2.5 per share and totaling TWD 2,450,000,000. Ex-rights (ex-dividend) record date: September 2, 2023. Payment date of cash dividend distribution: September 15, 2023. Ex-rights (ex-dividend) trading date: August 25, 2023.お知らせ • Jul 12Taiwan Fertilizer Co., Ltd. Announces Resignation of Huang, Yao Hsing as PresidentTaiwan Fertilizer Co., Ltd. announced resignation of HUANG, YAO HSING as president. Date of the board of directors resolution or date of occurrence of the change: July 11, 2023.お知らせ • Jun 29Taiwan Fertilizer Co., Ltd. Announces Board ChangesTaiwan Fertilizer Co., Ltd. appointed Su, Yu-Chang as independent director of the company. Resume of the new position holder: Chief of Secretariat, Chief of Land Administration Department and Chief of Land Administration Office, Yilan County Government. Effective date of appointment is June 28, 2023. The company received the independent director Su Yu-Chang’s resignation statement after the shareholders meeting.お知らせ • Jun 01Taiwan Fertilizer Co., Ltd. Announces Executive ChangesTaiwan Fertilizer Co., Ltd. announced change of Chairperson. Name of the previous position holder: Council of Agriculture, Executive Yuan Representative: Huang,Yao-Hsing; Resume of the previous position holder: The Chairman and General Manager of TFC; Name of the new position holder: Council of Agriculture, Executive Yuan Representative GLee,Suen-Zone; Resume of the new position holder: The president, Chia Nan University of Pharmacy Science. Effective date of the new appointment is May 30, 2023.Major Estimate Revision • Nov 24Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from NT$15.1b to NT$15.3b. EPS estimate fell from NT$3.13 to NT$2.60 per share. Net income forecast to shrink 11% next year vs 6.4% decline forecast for Chemicals industry in Taiwan. Consensus price target down from NT$81.00 to NT$79.00. Share price was steady at NT$56.00 over the past week.Board Change • Nov 16Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Chairman, President & GM Yao-Hsing Huang is the most experienced director on the board, commencing their role in 2020. Independent Director Su-Ming Lin 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. Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 13Third quarter 2022 earnings: EPS misses analyst expectationsThird quarter 2022 results: EPS: NT$0.64 (down from NT$0.80 in 3Q 2021). Revenue: NT$3.71b (up 21% from 3Q 2021). Net income: NT$628.5m (down 20% from 3Q 2021). Profit margin: 17% (down from 26% in 3Q 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 20%. Revenue is forecast to decline by 8.5% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Taiwan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year.Buying Opportunity • Oct 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be NT$66.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to decline by 6.9% in a year. Earnings is forecast to decline by 0.6% in the next year.Buying Opportunity • Sep 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be NT$73.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to decline by 6.9% in a year. Earnings is forecast to decline by 0.6% in the next year.Upcoming Dividend • Aug 19Upcoming dividend of NT$2.80 per shareEligible shareholders must have bought the stock before 26 August 2022. Payment date: 16 September 2022. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (7.7%).Reported Earnings • Aug 15Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: NT$0.79 (up from NT$0.78 in 2Q 2021). Revenue: NT$3.75b (up 44% from 2Q 2021). Net income: NT$769.1m (up 1.2% from 2Q 2021). Profit margin: 21% (down from 29% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 8.1%. Over the next year, revenue is expected to shrink by 6.8% compared to a 1.8% decline forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year.Major Estimate Revision • May 24Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from NT$13.1b to NT$14.7b. EPS estimate fell from NT$3.72 to NT$3.43. Net income forecast to grow 11% next year vs 9.0% decline forecast for Chemicals industry in Taiwan. Consensus price target of NT$83.00 unchanged from last update. Share price was steady at NT$68.70 over the past week.Reported Earnings • May 16First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: NT$0.79 (up from NT$0.76 in 1Q 2021). Revenue: NT$4.08b (up 39% from 1Q 2021). Net income: NT$778.9m (up 4.1% from 1Q 2021). Profit margin: 19% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) missed analyst estimates by 4.8%. Over the next year, revenue is expected to shrink by 11% compared to a 2.8% decline forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.お知らせ • May 13Taiwan Fertilizer Co., Ltd. Receives Civil Complaint from Dongzheng Investment Consulting Co., LtdTaiwan Fertilizer Co., Ltd. received a civil complaint from Dongzheng Investment Consulting Co., Ltd. with case number 111 Chongwu Zi No.410 in Taiwan Taipei District Court. The plaintiff (Dongzheng Investment Consulting Co., Ltd.) requested the defendant (Taiwan Fertilizer Co., Ltd.). On the land of Section 12, there are a total of 799 underground plots as recorded in the Use License No. 0122 of the Urban Development Bureau of the Taipei City Government The parking space was delivered to the plaintiff to use the proceeds to file a first-instance civil lawsuit. The company has appointed a lawyer to safeguard the legitimate rights and interests of the company. The subject matter of this lawsuit is currently subject to false sanctions, and the actual damage will vary depending on the trial period and the outcome of the lawsuit. Currently, there is no significant impact on the company's finance or business.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chao-Chin Hsiao was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 15The Supreme Court Rules to Dismiss the Taiwan Fertilizer Co., Ltd.'s Re-appealTaiwan Fertilizer Co., Ltd. announced that The Supreme Court ruled to dismiss the company's re-appeal. In the case of false punishment between the counterparty Dongzheng Investment Consulting Co.,Ltd. and the company, the company is prohibited from being located on the land of No. 12, Economic and Trade Section, Nangang District, Taipei City, such as the Taipei City Government Urban Development Bureau 106 Year Jianzi No. 56 Building License There are 6 floors and 50 parking spaces on the ground in Building B of the building shown, which can be used by oneself or handed over to others, or for renting or lending. The company's protest against the Taipei District Court's 110-year-long-year-round-word No. 162 false sanction ruling on the basis of the Shiyuan Qing 110 Si Zhi Quan-Zhuang Zi No. 231 execution order was approved by the Taiwan High Court's 110-year-year-year-old No. 1232 Civil The ruling was rejected, the company appointed a lawyer to file a re-appeal, and the appeal was rejected by the Supreme Court's 111 Year Taikang Zi No. 126 civil ruling. The actual damages incurred by the Company due to the imposition of disposition restrictions will vary depending on the trial period and the outcome of the lawsuit. Currently, there is no significant impact on the Company's finances or business.Reported Earnings • Mar 28Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$3.10 (up from NT$2.50 in FY 2020). Revenue: NT$13.7b (up 34% from FY 2020). Net income: NT$3.03b (up 24% from FY 2020). Profit margin: 22% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.5%. Over the next year, revenue is expected to shrink by 4.3% compared to a 2.2% decline forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Jan 25Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$11.5b to NT$13.7b. EPS estimate fell from NT$3.38 to NT$3.34. Net income forecast to grow 34% next year vs 5.0% decline forecast for Chemicals industry in Taiwan. Consensus price target up from NT$81.00 to NT$83.00. Share price fell 5.8% to NT$65.00 over the past week.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.80 (vs NT$0.52 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.07b (up 20% from 3Q 2020). Net income: NT$785.1m (up 55% from 3Q 2020). Profit margin: 26% (up from 20% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Sep 28Price target increased to NT$81.00Up from NT$72.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of NT$63.10. Stock is up 26% over the past year.Upcoming Dividend • Aug 23Upcoming dividend of NT$2.30 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 17 September 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.0%).Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.78 (vs NT$0.41 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.61b (up 7.8% from 2Q 2020). Net income: NT$760.3m (up 91% from 2Q 2020). Profit margin: 29% (up from 16% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.Major Estimate Revision • Jul 22Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from NT$12.2b to NT$11.6b. EPS estimate rose from NT$2.19 to NT$2.67. Net income forecast to grow 31% next year vs 13% growth forecast for Chemicals industry in Taiwan. Consensus price target up from NT$72.00 to NT$76.50. Share price was steady at NT$60.00 over the past week.Price Target Changed • Jul 21Price target increased to NT$76.50Up from NT$70.00, the current price target is provided by 1 analyst. New target price is 27% above last closing price of NT$60.00. Stock is up 5.1% over the past year.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.76 (vs NT$1.21 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.95b (down 2.6% from 1Q 2020). Net income: NT$748.3m (down 37% from 1Q 2020). Profit margin: 25% (down from 39% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 11% per year.分析記事 • May 01Taiwan Fertilizer (TPE:1722) Will Be Hoping To Turn Its Returns On Capital AroundIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$2.50 (vs NT$2.11 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$10.2b (down 21% from FY 2019). Net income: NT$2.45b (up 19% from FY 2019). Profit margin: 24% (up from 16% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 13% per year.分析記事 • Mar 14Is Taiwan Fertilizer Co., Ltd. (TPE:1722) At Risk Of Cutting Its Dividend?Dividend paying stocks like Taiwan Fertilizer Co., Ltd. ( TPE:1722 ) tend to be popular with investors, and for good...お知らせ • Mar 09Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 29, 2021Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 29, 2021.分析記事 • Feb 22Taiwan Fertilizer (TPE:1722) Shareholders Have Enjoyed A 37% Share Price GainBuying a low-cost index fund will get you the average market return. But if you invest in individual stocks, some are...分析記事 • Feb 04A Look At The Fair Value Of Taiwan Fertilizer Co., Ltd. (TPE:1722)In this article we are going to estimate the intrinsic value of Taiwan Fertilizer Co., Ltd. ( TPE:1722 ) by projecting...Is New 90 Day High Low • Jan 28New 90-day low: NT$50.30The company is down 2.0% from its price of NT$51.20 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period.分析記事 • Jan 20Should You Be Worried About Taiwan Fertilizer's (TPE:1722) Returns On Capital?When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...分析記事 • Jan 05Taiwan Fertilizer Co., Ltd.'s (TPE:1722) Has Performed Well But Fundamentals Look Varied: Is There A Clear Direction For The Stock?Most readers would already know that Taiwan Fertilizer's (TPE:1722) stock increased by 7.5% over the past three months...Is New 90 Day High Low • Dec 30New 90-day high: NT$54.90The company is up 8.0% from its price of NT$50.70 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period.分析記事 • Dec 21Taiwan Fertilizer (TPE:1722) Is Growing Earnings But Are They A Good Guide?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...分析記事 • Dec 06Something To Consider Before Buying Taiwan Fertilizer Co., Ltd. (TPE:1722) For The 4.1% DividendIs Taiwan Fertilizer Co., Ltd. ( TPE:1722 ) a good dividend stock? How can we tell? Dividend paying companies with...Is New 90 Day High Low • Nov 30New 90-day high: NT$54.10The company is up 1.0% from its price of NT$53.40 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 10.0% over the same period.分析記事 • Nov 21The Taiwan Fertilizer (TPE:1722) Share Price Has Gained 35% And Shareholders Are Hoping For MoreBy buying an index fund, investors can approximate the average market return. But many of us dare to dream of bigger...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.52The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$2.57b (down 15% from 3Q 2019). Net income: NT$506.3m (up 8.5% from 3Q 2019). Profit margin: 20% (up from 15% in 3Q 2019). The increase in margin was driven by lower expenses. 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 11% per year, which means it is significantly lagging earnings growth.Price Target Changed • Oct 16Price target raised to NT$70.00Up from NT$58.50, the current price target is provided by 1 analyst. The new target price is 39% above the current share price of NT$50.20. As of last close, the stock is up 2.2% over the past year.Is New 90 Day High Low • Sep 24New 90-day low: NT$49.20The company is down 2.0% from its price of NT$50.10 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$45.05 per share.株主還元1722TW ChemicalsTW 市場7D0.3%-3.0%-2.1%1Y-9.4%81.3%98.6%株主還元を見る業界別リターン: 1722過去 1 年間で81.3 % の収益を上げたTW Chemicals業界を下回りました。リターン対市場: 1722は、過去 1 年間で98.6 % のリターンを上げたTW市場を下回りました。価格変動Is 1722's price volatile compared to industry and market?1722 volatility1722 Average Weekly Movement4.1%Chemicals Industry Average Movement7.1%Market Average Movement6.3%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 1722 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 1722の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1946n/aYu-Hsin Chenwww.taifer.com.tw台湾肥料股份有限公司は、その子会社とともに、台湾、中東、および国際的に無機および有機肥料、その他の化学製品を製造・販売している。同社は、硫安、尿素、粒状リン酸塩、単一過リン酸塩、塩化カリウム、硫酸カリウム、有機および硝酸リン酸複合肥料、バイオテック有機複合肥料、有機肥料、インスタント水溶性肥料、バイオパワー刺激剤、微生物および微量栄養素肥料、酸性土壌改良剤製品などの肥料製品を提供している。また、工業用尿素、メラミン、スルファミン酸、無水アンモニア、硝酸・硫酸、オレウムなどの化学製品も提供している。さらに、塩酸、硝酸、硫酸、リン酸、酢酸、アンモニア水、水酸化ナトリウム、水酸化カリウム、過酸化水素、フォトレジスト剥離剤、ジメチルスルホキシド、モノエタノールアミン、イソプロピルアルコール、アセトン、n-メチル-2-ピロリドン、シクロペンタノン、エッジビーズリムーバー、プロピレングリコールメチルエーテル、エーテルアセテートなどの電子・精密化学製品を提供している。さらに、不動産の建設と賃貸、飲料、食品、食料品の卸売、肥料の貿易と卸売、ガソリンスタンド事業にも従事している。台湾肥料股份有限公司は1946年に設立され、本社は台湾の台北市にある。もっと見るTaiwan Fertilizer Co., Ltd. 基礎のまとめTaiwan Fertilizer の収益と売上を時価総額と比較するとどうか。1722 基礎統計学時価総額NT$47.43b収益（TTM）NT$1.02b売上高(TTM)NT$12.51b46.7xPER（株価収益率3.8xP/Sレシオ1722 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1722 損益計算書（TTM）収益NT$12.51b売上原価NT$10.89b売上総利益NT$1.61bその他の費用NT$597.52m収益NT$1.02b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）1.04グロス・マージン12.90%純利益率8.12%有利子負債／自己資本比率3.7%1722 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.1%現在の配当利回り193%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/14 18:06終値2026/06/12 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Taiwan Fertilizer Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。18 アナリスト機関Changming YehBarclaysJeffrey ToderCGS InternationalDave ChiouCitigroup Inc15 その他のアナリストを表示
Reported Earnings • May 09First quarter 2026 earnings released: EPS: NT$0.19 (vs NT$0.10 in 1Q 2025)First quarter 2026 results: EPS: NT$0.19 (up from NT$0.10 in 1Q 2025). Revenue: NT$3.75b (up 13% from 1Q 2025). Net income: NT$184.6m (up 82% from 1Q 2025). Profit margin: 4.9% (up from 3.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% 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.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.95 (vs NT$2.01 in FY 2024)Full year 2025 results: EPS: NT$0.95 (down from NT$2.01 in FY 2024). Revenue: NT$12.1b (up 1.8% from FY 2024). Net income: NT$932.2m (down 53% from FY 2024). Profit margin: 7.7% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% 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.
お知らせ • Mar 05Taiwan Fertilizer Co., Ltd., Annual General Meeting, May 27, 2026Taiwan Fertilizer Co., Ltd., Annual General Meeting, May 27, 2026. Location: 4 floor no,1, ching mao 2nd rd., nangang district, taipei city Taiwan
お知らせ • Jan 16Taiwan Fertilizer Co., Ltd. Appoints Lin, Chia Rong as Representative of the Institutional Director, Effective January 15, 2026Taiwan Fertilizer Co., Ltd. announced a change in the representative of the company's institutional director. The new position holder is Mr. Lin, Chia Rong, who is the representative of the Ministry of Agriculture and serves as the Chief Secretary of the Ministry of Agriculture. The change is categorized as a new appointment. The representative of the corporate director is replaced by the Ministry of Agriculture. The original term is from June 26, 2024 to June 25, 2027. The effective date of the new appointment is January 15, 2026.
お知らせ • Jan 02Taiwan Fertilizer Co., Ltd. Announces CEO ChangesTaiwan Fertilizer Co., Ltd. announced the appointment of Chen Yu-Hsin as President, effective January 1, 2026. The board of directors resolved the appointment on December 30, 2025. The previous President was Chang Chang-Lang, who served as TFC Chairman and President and holds an M.S. from the National Taiwan University Graduate Institute of Building and Planning. The new President, Chen Yu-Hsin, was a Senior Specialist at the Ministry of Agriculture and holds an M.A. from the National Chung Cheng University Graduate Institute of Political Science.
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.57 (vs NT$0.75 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.57 (down from NT$0.75 in 3Q 2024). Revenue: NT$3.02b (up 2.2% from 3Q 2024). Net income: NT$561.7m (down 24% from 3Q 2024). Profit margin: 19% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% 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.
Reported Earnings • May 09First quarter 2026 earnings released: EPS: NT$0.19 (vs NT$0.10 in 1Q 2025)First quarter 2026 results: EPS: NT$0.19 (up from NT$0.10 in 1Q 2025). Revenue: NT$3.75b (up 13% from 1Q 2025). Net income: NT$184.6m (up 82% from 1Q 2025). Profit margin: 4.9% (up from 3.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% 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.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.95 (vs NT$2.01 in FY 2024)Full year 2025 results: EPS: NT$0.95 (down from NT$2.01 in FY 2024). Revenue: NT$12.1b (up 1.8% from FY 2024). Net income: NT$932.2m (down 53% from FY 2024). Profit margin: 7.7% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% 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.
お知らせ • Mar 05Taiwan Fertilizer Co., Ltd., Annual General Meeting, May 27, 2026Taiwan Fertilizer Co., Ltd., Annual General Meeting, May 27, 2026. Location: 4 floor no,1, ching mao 2nd rd., nangang district, taipei city Taiwan
お知らせ • Jan 16Taiwan Fertilizer Co., Ltd. Appoints Lin, Chia Rong as Representative of the Institutional Director, Effective January 15, 2026Taiwan Fertilizer Co., Ltd. announced a change in the representative of the company's institutional director. The new position holder is Mr. Lin, Chia Rong, who is the representative of the Ministry of Agriculture and serves as the Chief Secretary of the Ministry of Agriculture. The change is categorized as a new appointment. The representative of the corporate director is replaced by the Ministry of Agriculture. The original term is from June 26, 2024 to June 25, 2027. The effective date of the new appointment is January 15, 2026.
お知らせ • Jan 02Taiwan Fertilizer Co., Ltd. Announces CEO ChangesTaiwan Fertilizer Co., Ltd. announced the appointment of Chen Yu-Hsin as President, effective January 1, 2026. The board of directors resolved the appointment on December 30, 2025. The previous President was Chang Chang-Lang, who served as TFC Chairman and President and holds an M.S. from the National Taiwan University Graduate Institute of Building and Planning. The new President, Chen Yu-Hsin, was a Senior Specialist at the Ministry of Agriculture and holds an M.A. from the National Chung Cheng University Graduate Institute of Political Science.
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.57 (vs NT$0.75 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.57 (down from NT$0.75 in 3Q 2024). Revenue: NT$3.02b (up 2.2% from 3Q 2024). Net income: NT$561.7m (down 24% from 3Q 2024). Profit margin: 19% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% 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.
Upcoming Dividend • Aug 28Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 02 September 2025. Payment date: 26 September 2025. The company is paying out more than 100% of its profits and is paying out 93% of its cash flow. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.6%).
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.46 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.44 (down from NT$0.46 in 2Q 2024). Revenue: NT$3.01b (up 3.2% from 2Q 2024). Net income: NT$428.9m (down 4.8% from 2Q 2024). Profit margin: 14% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 7% per year, which means it has not declined as severely as earnings.
Declared Dividend • Aug 14Dividend reduced to NT$2.00Dividend of NT$2.00 is 23% lower than last year. Ex-date: 2nd September 2025 Payment date: 26th September 2025 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it covered by cash flows (107% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control. However, EPS has declined by 8.4% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.33 in 1Q 2024)First quarter 2025 results: EPS: NT$0.10 (down from NT$0.33 in 1Q 2024). Revenue: NT$3.33b (up 1.1% from 1Q 2024). Net income: NT$101.4m (down 69% from 1Q 2024). Profit margin: 3.0% (down from 9.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% 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.
New Risk • May 14New major risk - Revenue and earnings growthEarnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 113% Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin).
Buy Or Sell Opportunity • May 05Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to NT$58.50. The fair value is estimated to be NT$47.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 9.1%.
お知らせ • May 01Taiwan Fertilizer Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Taiwan Fertilizer Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025
分析記事 • Mar 31Returns On Capital Signal Difficult Times Ahead For Taiwan Fertilizer (TWSE:1722)When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$2.01 (vs NT$4.00 in FY 2023)Full year 2024 results: EPS: NT$2.01 (down from NT$4.00 in FY 2023). Revenue: NT$11.9b (down 21% from FY 2023). Net income: NT$1.97b (down 50% from FY 2023). Profit margin: 17% (down from 26% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.
お知らせ • Mar 07Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 10, 2025Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 10, 2025. Location: 1 floor no,170, ching mao 1st rd., nangang district, taipei city Taiwan
お知らせ • Feb 27Taiwan Fertilizer Co., Ltd. to Report Fiscal Year 2024 Results on Mar 06, 2025Taiwan Fertilizer Co., Ltd. announced that they will report fiscal year 2024 results at 9:00 AM, Taipei Standard Time on Mar 06, 2025
Buy Or Sell Opportunity • Feb 13Now 23% overvaluedOver the last 90 days, the stock has fallen 4.5% to NT$52.50. The fair value is estimated to be NT$42.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.5%.
分析記事 • Jan 13A Look At The Intrinsic Value Of Taiwan Fertilizer Co., Ltd. (TWSE:1722)Key Insights The projected fair value for Taiwan Fertilizer is NT$45.58 based on 2 Stage Free Cash Flow to Equity With...
分析記事 • Nov 19Taiwan Fertilizer's (TWSE:1722) Soft Earnings Are Actually Better Than They AppearThe market for Taiwan Fertilizer Co., Ltd.'s ( TWSE:1722 ) shares didn't move much after it posted weak earnings...
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: NT$0.75 (vs NT$0.62 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.75 (up from NT$0.62 in 3Q 2023). Revenue: NT$2.96b (up 1.3% from 3Q 2023). Net income: NT$737.9m (up 22% from 3Q 2023). Profit margin: 25% (up from 21% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year.
分析記事 • Oct 04Taiwan Fertilizer (TWSE:1722) May Have Issues Allocating Its CapitalIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Businesses...
Buy Or Sell Opportunity • Aug 30Now 21% overvaluedOver the last 90 days, the stock has fallen 6.0% to NT$60.00. The fair value is estimated to be NT$49.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 6.7%.
Upcoming Dividend • Aug 23Upcoming dividend of NT$2.60 per shareEligible shareholders must have bought the stock before 27 August 2024. Payment date: 16 September 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.3%).
New Risk • Aug 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 25% 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 Dividend is not well covered by earnings (160% payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin).
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: NT$0.46 (vs NT$2.65 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.46 (down from NT$2.65 in 2Q 2023). Revenue: NT$2.92b (down 52% from 2Q 2023). Net income: NT$450.7m (down 83% from 2Q 2023). Profit margin: 15% (down from 43% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year.
分析記事 • Aug 11Taiwan Fertilizer (TWSE:1722) Is Paying Out A Larger Dividend Than Last YearThe board of Taiwan Fertilizer Co., Ltd. ( TWSE:1722 ) has announced that it will be paying its dividend of NT$2.60 on...
Declared Dividend • Aug 09Dividend increased to NT$2.60Dividend of NT$2.60 is 4.0% higher than last year. Ex-date: 27th August 2024 Payment date: 16th September 2024 Dividend yield will be 4.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 31Taiwan Fertilizer Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Taiwan Fertilizer Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024
分析記事 • Jul 19Taiwan Fertilizer Co., Ltd. (TWSE:1722) Might Not Be As Mispriced As It LooksWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 24x, you may consider...
お知らせ • Jun 27Taiwan Fertilizer Co., Ltd. Announces Board ElectionsTaiwan Fertilizer Co., Ltd. announced that at its shareholders meeting held on June 26, 2024, shareholders approved the elections for board of directors and supervisors: Election of the company’s 36th Board of Directors (including independent directors). Six seats of directors: Representative of Ministry of Agriculture: Liu, Chih-Cheng, Representative of Ministry of Agriculture: Tseng, Hsiang-Hua, Representative of Ministry of Agriculture: Huang, Bing-Chuan, Tsao, Chi-Hung.
お知らせ • May 18Taiwan Fertilizer Co., Ltd. Announces the Resignation of Hu, Jong-I as Juristic-Person Directors, Effective from May 20, 2024Taiwan Fertilizer Co., Ltd. announced the resignation of Hu, Jong-I, Director General, Agriculture and Food Agency, Ministry of Agriculture, as juristic-person directors, effective from May 20, 2024. Reason for the change is Resignation due to personal career planning, the Ministry of Agriculture sent a letter for dismissal.
Reported Earnings • May 11First quarter 2024 earnings released: EPS: NT$0.33 (vs NT$0.52 in 1Q 2023)First quarter 2024 results: EPS: NT$0.33 (down from NT$0.52 in 1Q 2023). Revenue: NT$3.30b (down 4.0% from 1Q 2023). Net income: NT$324.7m (down 36% from 1Q 2023). Profit margin: 9.8% (down from 15% in 1Q 2023). The decrease in margin was primarily 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 5% per year, which means it is significantly lagging earnings growth.
お知らせ • May 03Taiwan Fertilizer Co., Ltd. Announces Change of Financial OfficerTaiwan Fertilizer Co., Ltd. announced the change of financial officer. Name, title, and resume of the previous position holder: CHUNG JUN MING, Assistant Vice President, EMBA, National Taiwan University. Name, title, and resume of the new position holder: LIU SHENG HUNG, Assistant Vice President, Special Assistant of Chairman Office, B.B.A., National Chung Hsing University. Reason for the change: position adjustment. Effective date: May 2, 2024.
お知らせ • Apr 26Taiwan Fertilizer Co., Ltd. to Report Q1, 2024 Results on May 02, 2024Taiwan Fertilizer Co., Ltd. announced that they will report Q1, 2024 results on May 02, 2024
分析記事 • Mar 21Taiwan Fertilizer's (TWSE:1722) Earnings Seem To Be PromisingTaiwan Fertilizer Co., Ltd.'s ( TWSE:1722 ) recent earnings report didn't offer any surprises, with the shares...
Reported Earnings • Mar 16Full year 2023 earnings released: EPS: NT$4.00 (vs NT$2.72 in FY 2022)Full year 2023 results: EPS: NT$4.00 (up from NT$2.72 in FY 2022). Revenue: NT$15.0b (flat on FY 2022). Net income: NT$3.92b (up 47% from FY 2022). Profit margin: 26% (up from 18% in FY 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 08+ 1 more updateTaiwan Fertilizer Co., Ltd. Announces Change of Financial OfficerTaiwan Fertilizer Co., Ltd. announced Change of financial officer of the Company. Name, title, and resume of the previous position holder: HUANG MEI LING, Assistant Vice President, MBA, Royal Roads University. Name, title, and resume of the new position holder: CHUNG JUN MING, Assistant Vice President, Chief of Audit Office, EMBA, National Taiwan University. Reason for the change: position adjustment. Effective date is March 7, 2024.
分析記事 • Feb 29Returns On Capital Are Showing Encouraging Signs At Taiwan Fertilizer (TWSE:1722)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
お知らせ • Feb 06Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 26, 2024Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 26, 2024.
お知らせ • Oct 13Taiwan Fertilizer Co., Ltd. Announces Taiwan's High Court Ruled to Scrap the 112-Year Quanshengzi Ruling No. 2Taiwan Fertilizer Co., Ltd. announced that Taiwan's High Court ruled to scrap the 112-year Quanshengzi Ruling No. 2. Parties to the legal matter: Appellant Dongzheng Investment Consulting Co., Ltd. Date of occurrence of the event: October 12, 2023. The petitioner, Dongzheng Investment Consulting Co., Ltd., filed for cancellation of the leave of absence incident with its counterparty, Taiwan Fertilizer Co., Ltd. The petitioner filed a protest against the ruling issued by the Taiwan Taipei District Court on April 6, 2012, Quan Sheng Zi No. 2, 112. The Taipei District Court of Taiwan allowed company to provide guarantee and revoke the 112-year Quan Sheng Zi Civil Ruling No. 2 regarding the false disposition of 799 parking spaces., was abandoned by the High Court's Civil Ruling No. 1013 of 2012.
お知らせ • Oct 07Taiwan Fertilizer Co., Ltd. Announces Change in Representative of its Institutional DirectorTaiwan Fertilizer Co., Ltd. announced the change in representative of the Company’s institutional director. Name of the previous position holder: Representative of Ministry of Agriculture: Wu, Hsi-Ta. Resume of the previous position holder: Manager of Administration Division in Miaoli Factory, TFC. Name of the new position holder: Representative of Ministry of Agriculture: JHANG, JIA-FONG. Resume of the new position holder: Department and Graduate School of Safety Health and Environmental Engineering, National Yunlin University of Science and Technology Engineer, Occupational Safety and Health Division, Taichung Factory, TFC. Effective date of the new appointment is October 6, 2023.
お知らせ • Sep 16+ 1 more updateTaiwan Fertilizer Co., Ltd. Announces Appointment of Chang-Lang Chang as President with Effect from September 15, 2023Taiwan Fertilizer Co., Ltd. announced appointment of Chang-Lang Chang as President, National Taiwan University Graduate of Building and Planning M.A., TFC Vice President with effect from September 15, 2023.
Upcoming Dividend • Aug 18Upcoming dividend of NT$2.50 per share at 4.0% yieldEligible shareholders must have bought the stock before 25 August 2023. Payment date: 15 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.6%). In line with average of industry peers (3.9%).
お知らせ • Aug 09Taiwan Fertilizer Co., Ltd. Declares Cash Dividend, Payable on September 15, 2023Taiwan Fertilizer Co., Ltd. Announced board of directors declared cash dividends of TWD 2.5 per share and totaling TWD 2,450,000,000. Ex-rights (ex-dividend) record date: September 2, 2023. Payment date of cash dividend distribution: September 15, 2023. Ex-rights (ex-dividend) trading date: August 25, 2023.
お知らせ • Jul 12Taiwan Fertilizer Co., Ltd. Announces Resignation of Huang, Yao Hsing as PresidentTaiwan Fertilizer Co., Ltd. announced resignation of HUANG, YAO HSING as president. Date of the board of directors resolution or date of occurrence of the change: July 11, 2023.
お知らせ • Jun 29Taiwan Fertilizer Co., Ltd. Announces Board ChangesTaiwan Fertilizer Co., Ltd. appointed Su, Yu-Chang as independent director of the company. Resume of the new position holder: Chief of Secretariat, Chief of Land Administration Department and Chief of Land Administration Office, Yilan County Government. Effective date of appointment is June 28, 2023. The company received the independent director Su Yu-Chang’s resignation statement after the shareholders meeting.
お知らせ • Jun 01Taiwan Fertilizer Co., Ltd. Announces Executive ChangesTaiwan Fertilizer Co., Ltd. announced change of Chairperson. Name of the previous position holder: Council of Agriculture, Executive Yuan Representative: Huang,Yao-Hsing; Resume of the previous position holder: The Chairman and General Manager of TFC; Name of the new position holder: Council of Agriculture, Executive Yuan Representative GLee,Suen-Zone; Resume of the new position holder: The president, Chia Nan University of Pharmacy Science. Effective date of the new appointment is May 30, 2023.
Major Estimate Revision • Nov 24Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from NT$15.1b to NT$15.3b. EPS estimate fell from NT$3.13 to NT$2.60 per share. Net income forecast to shrink 11% next year vs 6.4% decline forecast for Chemicals industry in Taiwan. Consensus price target down from NT$81.00 to NT$79.00. Share price was steady at NT$56.00 over the past week.
Board Change • Nov 16Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Chairman, President & GM Yao-Hsing Huang is the most experienced director on the board, commencing their role in 2020. Independent Director Su-Ming Lin 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. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 13Third quarter 2022 earnings: EPS misses analyst expectationsThird quarter 2022 results: EPS: NT$0.64 (down from NT$0.80 in 3Q 2021). Revenue: NT$3.71b (up 21% from 3Q 2021). Net income: NT$628.5m (down 20% from 3Q 2021). Profit margin: 17% (down from 26% in 3Q 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 20%. Revenue is forecast to decline by 8.5% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Taiwan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year.
Buying Opportunity • Oct 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be NT$66.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to decline by 6.9% in a year. Earnings is forecast to decline by 0.6% in the next year.
Buying Opportunity • Sep 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be NT$73.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to decline by 6.9% in a year. Earnings is forecast to decline by 0.6% in the next year.
Upcoming Dividend • Aug 19Upcoming dividend of NT$2.80 per shareEligible shareholders must have bought the stock before 26 August 2022. Payment date: 16 September 2022. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (7.7%).
Reported Earnings • Aug 15Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: NT$0.79 (up from NT$0.78 in 2Q 2021). Revenue: NT$3.75b (up 44% from 2Q 2021). Net income: NT$769.1m (up 1.2% from 2Q 2021). Profit margin: 21% (down from 29% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 8.1%. Over the next year, revenue is expected to shrink by 6.8% compared to a 1.8% decline forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year.
Major Estimate Revision • May 24Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from NT$13.1b to NT$14.7b. EPS estimate fell from NT$3.72 to NT$3.43. Net income forecast to grow 11% next year vs 9.0% decline forecast for Chemicals industry in Taiwan. Consensus price target of NT$83.00 unchanged from last update. Share price was steady at NT$68.70 over the past week.
Reported Earnings • May 16First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: NT$0.79 (up from NT$0.76 in 1Q 2021). Revenue: NT$4.08b (up 39% from 1Q 2021). Net income: NT$778.9m (up 4.1% from 1Q 2021). Profit margin: 19% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) missed analyst estimates by 4.8%. Over the next year, revenue is expected to shrink by 11% compared to a 2.8% decline forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.
お知らせ • May 13Taiwan Fertilizer Co., Ltd. Receives Civil Complaint from Dongzheng Investment Consulting Co., LtdTaiwan Fertilizer Co., Ltd. received a civil complaint from Dongzheng Investment Consulting Co., Ltd. with case number 111 Chongwu Zi No.410 in Taiwan Taipei District Court. The plaintiff (Dongzheng Investment Consulting Co., Ltd.) requested the defendant (Taiwan Fertilizer Co., Ltd.). On the land of Section 12, there are a total of 799 underground plots as recorded in the Use License No. 0122 of the Urban Development Bureau of the Taipei City Government The parking space was delivered to the plaintiff to use the proceeds to file a first-instance civil lawsuit. The company has appointed a lawyer to safeguard the legitimate rights and interests of the company. The subject matter of this lawsuit is currently subject to false sanctions, and the actual damage will vary depending on the trial period and the outcome of the lawsuit. Currently, there is no significant impact on the company's finance or business.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chao-Chin Hsiao was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 15The Supreme Court Rules to Dismiss the Taiwan Fertilizer Co., Ltd.'s Re-appealTaiwan Fertilizer Co., Ltd. announced that The Supreme Court ruled to dismiss the company's re-appeal. In the case of false punishment between the counterparty Dongzheng Investment Consulting Co.,Ltd. and the company, the company is prohibited from being located on the land of No. 12, Economic and Trade Section, Nangang District, Taipei City, such as the Taipei City Government Urban Development Bureau 106 Year Jianzi No. 56 Building License There are 6 floors and 50 parking spaces on the ground in Building B of the building shown, which can be used by oneself or handed over to others, or for renting or lending. The company's protest against the Taipei District Court's 110-year-long-year-round-word No. 162 false sanction ruling on the basis of the Shiyuan Qing 110 Si Zhi Quan-Zhuang Zi No. 231 execution order was approved by the Taiwan High Court's 110-year-year-year-old No. 1232 Civil The ruling was rejected, the company appointed a lawyer to file a re-appeal, and the appeal was rejected by the Supreme Court's 111 Year Taikang Zi No. 126 civil ruling. The actual damages incurred by the Company due to the imposition of disposition restrictions will vary depending on the trial period and the outcome of the lawsuit. Currently, there is no significant impact on the Company's finances or business.
Reported Earnings • Mar 28Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$3.10 (up from NT$2.50 in FY 2020). Revenue: NT$13.7b (up 34% from FY 2020). Net income: NT$3.03b (up 24% from FY 2020). Profit margin: 22% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.5%. Over the next year, revenue is expected to shrink by 4.3% compared to a 2.2% decline forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Jan 25Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$11.5b to NT$13.7b. EPS estimate fell from NT$3.38 to NT$3.34. Net income forecast to grow 34% next year vs 5.0% decline forecast for Chemicals industry in Taiwan. Consensus price target up from NT$81.00 to NT$83.00. Share price fell 5.8% to NT$65.00 over the past week.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.80 (vs NT$0.52 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.07b (up 20% from 3Q 2020). Net income: NT$785.1m (up 55% from 3Q 2020). Profit margin: 26% (up from 20% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Sep 28Price target increased to NT$81.00Up from NT$72.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of NT$63.10. Stock is up 26% over the past year.
Upcoming Dividend • Aug 23Upcoming dividend of NT$2.30 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 17 September 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.0%).
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.78 (vs NT$0.41 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.61b (up 7.8% from 2Q 2020). Net income: NT$760.3m (up 91% from 2Q 2020). Profit margin: 29% (up from 16% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.
Major Estimate Revision • Jul 22Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from NT$12.2b to NT$11.6b. EPS estimate rose from NT$2.19 to NT$2.67. Net income forecast to grow 31% next year vs 13% growth forecast for Chemicals industry in Taiwan. Consensus price target up from NT$72.00 to NT$76.50. Share price was steady at NT$60.00 over the past week.
Price Target Changed • Jul 21Price target increased to NT$76.50Up from NT$70.00, the current price target is provided by 1 analyst. New target price is 27% above last closing price of NT$60.00. Stock is up 5.1% over the past year.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.76 (vs NT$1.21 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.95b (down 2.6% from 1Q 2020). Net income: NT$748.3m (down 37% from 1Q 2020). Profit margin: 25% (down from 39% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 11% per year.
分析記事 • May 01Taiwan Fertilizer (TPE:1722) Will Be Hoping To Turn Its Returns On Capital AroundIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$2.50 (vs NT$2.11 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$10.2b (down 21% from FY 2019). Net income: NT$2.45b (up 19% from FY 2019). Profit margin: 24% (up from 16% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 13% per year.
分析記事 • Mar 14Is Taiwan Fertilizer Co., Ltd. (TPE:1722) At Risk Of Cutting Its Dividend?Dividend paying stocks like Taiwan Fertilizer Co., Ltd. ( TPE:1722 ) tend to be popular with investors, and for good...
お知らせ • Mar 09Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 29, 2021Taiwan Fertilizer Co., Ltd., Annual General Meeting, Jun 29, 2021.
分析記事 • Feb 22Taiwan Fertilizer (TPE:1722) Shareholders Have Enjoyed A 37% Share Price GainBuying a low-cost index fund will get you the average market return. But if you invest in individual stocks, some are...
分析記事 • Feb 04A Look At The Fair Value Of Taiwan Fertilizer Co., Ltd. (TPE:1722)In this article we are going to estimate the intrinsic value of Taiwan Fertilizer Co., Ltd. ( TPE:1722 ) by projecting...
Is New 90 Day High Low • Jan 28New 90-day low: NT$50.30The company is down 2.0% from its price of NT$51.20 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period.
分析記事 • Jan 20Should You Be Worried About Taiwan Fertilizer's (TPE:1722) Returns On Capital?When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
分析記事 • Jan 05Taiwan Fertilizer Co., Ltd.'s (TPE:1722) Has Performed Well But Fundamentals Look Varied: Is There A Clear Direction For The Stock?Most readers would already know that Taiwan Fertilizer's (TPE:1722) stock increased by 7.5% over the past three months...
Is New 90 Day High Low • Dec 30New 90-day high: NT$54.90The company is up 8.0% from its price of NT$50.70 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period.
分析記事 • Dec 21Taiwan Fertilizer (TPE:1722) Is Growing Earnings But Are They A Good Guide?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
分析記事 • Dec 06Something To Consider Before Buying Taiwan Fertilizer Co., Ltd. (TPE:1722) For The 4.1% DividendIs Taiwan Fertilizer Co., Ltd. ( TPE:1722 ) a good dividend stock? How can we tell? Dividend paying companies with...
Is New 90 Day High Low • Nov 30New 90-day high: NT$54.10The company is up 1.0% from its price of NT$53.40 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 10.0% over the same period.
分析記事 • Nov 21The Taiwan Fertilizer (TPE:1722) Share Price Has Gained 35% And Shareholders Are Hoping For MoreBy buying an index fund, investors can approximate the average market return. But many of us dare to dream of bigger...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.52The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$2.57b (down 15% from 3Q 2019). Net income: NT$506.3m (up 8.5% from 3Q 2019). Profit margin: 20% (up from 15% in 3Q 2019). The increase in margin was driven by lower expenses. 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 11% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Oct 16Price target raised to NT$70.00Up from NT$58.50, the current price target is provided by 1 analyst. The new target price is 39% above the current share price of NT$50.20. As of last close, the stock is up 2.2% over the past year.
Is New 90 Day High Low • Sep 24New 90-day low: NT$49.20The company is down 2.0% from its price of NT$50.10 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$45.05 per share.
