View ValuationCheng Loong 将来の成長Future 基準チェック /06現在、 Cheng Loongの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Packaging 収益成長23.5%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Price Target Changed • Aug 18Price target decreased to NT$43.50Down from NT$48.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of NT$36.75. Stock is up 31% over the past year.すべての更新を表示Recent updatesDeclared Dividend • Jun 06Dividend of NT$0.45 announcedDividend of NT$0.45 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 5.2%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 59% to shift the payout ratio to a potentially unsustainable range, which is more than the 20% EPS decline seen over the last 5 years.Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$22.30, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 17x in the Packaging industry in Taiwan. Total loss to shareholders of 28% over the past three years.Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.56 (vs NT$0.081 in 1Q 2025)First quarter 2026 results: EPS: NT$0.56 (up from NT$0.081 in 1Q 2025). Revenue: NT$10.4b (up 1.3% from 1Q 2025). Net income: NT$623.1m (up NT$533.2m from 1Q 2025). Profit margin: 6.0% (up from 0.9% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$20.35, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 21x in the Packaging industry in Taiwan. Total loss to shareholders of 30% over the past three years.Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$20.15, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 21x in the Packaging industry in Taiwan. Total loss to shareholders of 23% over the past three years.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.74 (vs NT$0.55 in FY 2024)Full year 2025 results: EPS: NT$0.74 (up from NT$0.55 in FY 2024). Revenue: NT$43.0b (down 4.9% from FY 2024). Net income: NT$823.0m (up 36% from FY 2024). Profit margin: 1.9% (up from 1.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.お知らせ • Mar 11Cheng Loong Corporation, Annual General Meeting, May 29, 2026Cheng Loong Corporation, Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: b1 floor no,1, sec.1 min sheng rd., banciao district, new taipei city Taiwanお知らせ • Jan 02Cheng Loong Corporation Announces Executive Changes, Effective January 1, 2026Cheng Loong Corporation announced change of Acting spokesperson on December 31, 2025 . Name, title, and resume of the previous position holder: Hsiang-Chu Lin; Head of Auditing Division. Name, title, and resume of the new position holder: Kun-Ming Yang; Head of Financial Division. Type of the change: Retirement, effective January 1, 2026.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.14 (vs NT$0.046 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.14 (up from NT$0.046 in 3Q 2024). Revenue: NT$10.6b (down 16% from 3Q 2024). Net income: NT$158.3m (up 213% from 3Q 2024). Profit margin: 1.5% (up from 0.4% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.New Risk • Nov 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 80% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 43% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (163% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin).Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.14 profit in 2Q 2024)Second quarter 2025 results: NT$0.05 loss per share (down from NT$0.14 profit in 2Q 2024). Revenue: NT$10.8b (flat on 2Q 2024). Net loss: NT$59.8m (down 138% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.Declared Dividend • Jun 06Dividend reduced to NT$0.45Dividend of NT$0.45 is 10.0% lower than last year. Ex-date: 19th June 2025 Payment date: 25th July 2025 Dividend yield will be 2.5%, which is lower than the industry average of 5.2%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) nor is it covered by cash flows (128% 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 34% to bring the payout ratio under control. However, EPS has declined by 32% over the last 5 years so the company would need to reverse this trend.お知らせ • Jun 05Cheng Loong Corporation Announces Cash Dividend, Payable on 25 July, 2025Cheng Loong Corporation announced cash dividend of TWD 0.45 per share. Ex-rights (ex-dividend) trading date is 19 June, 2025. Ex-rights (ex-dividend) record date is 27 June, 2025. Payment date of common stock cash dividend distribution is 25 July, 2025. Date of the resolution by the board of directors or shareholders meeting or decision by the Company on 6 June, 2025.Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.25 in 1Q 2024)First quarter 2025 results: EPS: NT$0.08 (down from NT$0.25 in 1Q 2024). Revenue: NT$10.3b (up 1.8% from 1Q 2024). Net income: NT$89.9m (down 68% from 1Q 2024). Profit margin: 0.9% (down from 2.8% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.New Risk • May 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 109% Dividend yield: 2.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 109% Earnings have declined by 32% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin).お知らせ • May 01Cheng Loong Corporation to Report Q1, 2025 Results on May 08, 2025Cheng Loong Corporation announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$15.50, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 14x in the Packaging industry in Taiwan. Total loss to shareholders of 49% over the past three years.New Risk • Mar 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 26% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.55 (vs NT$0.83 in FY 2023)Full year 2024 results: EPS: NT$0.55 (down from NT$0.83 in FY 2023). Revenue: NT$45.2b (up 7.1% from FY 2023). Net income: NT$605.1m (down 34% from FY 2023). Profit margin: 1.3% (down from 2.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.お知らせ • Mar 13Cheng Loong Corporation, Annual General Meeting, May 29, 2025Cheng Loong Corporation, Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: b1 floor no,1, sec.1 min sheng rd., banciao district, new taipei city Taiwanお知らせ • Mar 04Cheng Loong Corporation to Report Q4, 2024 Results on Mar 11, 2025Cheng Loong Corporation announced that they will report Q4, 2024 results on Mar 11, 2025分析記事 • Nov 25There May Be Underlying Issues With The Quality Of Cheng Loong's (TWSE:1904) EarningsInvestors were disappointed with Cheng Loong Corporation's ( TWSE:1904 ) earnings, despite the strong profit numbers...Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: NT$0.05 (vs NT$0.12 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.05 (down from NT$0.12 in 3Q 2023). Revenue: NT$12.5b (up 21% from 3Q 2023). Net income: NT$50.5m (down 61% from 3Q 2023). Profit margin: 0.4% (down from 1.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.分析記事 • Nov 13Cheng Loong (TWSE:1904) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...お知らせ • Nov 05Cheng Loong Corporation to Report Q3, 2024 Results on Nov 12, 2024Cheng Loong Corporation announced that they will report Q3, 2024 results on Nov 12, 2024分析記事 • Sep 04Cheng Loong Corporation's (TWSE:1904) Share Price Could Signal Some RiskWith a price-to-earnings (or "P/E") ratio of 25.9x Cheng Loong Corporation ( TWSE:1904 ) may be sending bearish signals...Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: NT$0.14 (vs NT$0.019 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.14 (up from NT$0.019 loss in 2Q 2023). Revenue: NT$10.7b (up 3.0% from 2Q 2023). Net income: NT$156.1m (up NT$177.5m from 2Q 2023). Profit margin: 1.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.お知らせ • Aug 09Cheng Loong Corporation Appoints Hsu-Hsuan Peng as Chief Information Security OfficerCheng Loong Corporation appointed Hsu-Hsuan Peng as Chief information security officer. Title, and resume of the new position holder: Assistant vice president of the Planning Department of Cheng Loong Administration Division Effective date: August 8, 2024. The new chief information security officer was approved by the Board of Directors on August 8, 2024.分析記事 • Aug 09Cheng Loong (TWSE:1904) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...お知らせ • Aug 01Cheng Loong Corporation to Report Q2, 2024 Results on Aug 08, 2024Cheng Loong Corporation announced that they will report Q2, 2024 results on Aug 08, 2024分析記事 • Jun 23Cheng Loong's (TWSE:1904) Dividend Will Be Reduced To NT$0.50Cheng Loong Corporation ( TWSE:1904 ) has announced that on 26th of July, it will be paying a dividend ofNT$0.50, which...Upcoming Dividend • Jun 18Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.0%).分析記事 • Jun 09Cheng Loong (TWSE:1904) Is Paying Out Less In Dividends Than Last YearCheng Loong Corporation's ( TWSE:1904 ) dividend is being reduced from last year's payment covering the same period to...Declared Dividend • Jun 08Dividend reduced to NT$0.50Dividend of NT$0.50 is 55% lower than last year. Ex-date: 24th June 2024 Payment date: 26th July 2024 Dividend yield will be 1.7%, which is lower than the industry average of 5.2%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 28% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years.お知らせ • Jun 08Cheng Loong Corporation Announces Cash Dividend, Payable on July 26, 2024Cheng Loong Corporation announced cash dividend of TWD 0.5 per share. Ex-rights (ex-dividend) trading date is June 24, 2024. Ex-rights (ex-dividend) record date is June 30, 2024. Payment date of common stock cash dividend distribution is July 26, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 6, 2024.お知らせ • Jun 01Cheng Loong Corporation Announces Resignation of Feng-Chih Yeh as Chief Information Security OfficerCheng Loong Corporation announced resignation of Feng-Chih Yeh as chief information security officer for the personal career planning. Effective date is May 31, 2024.Reported Earnings • May 16First quarter 2024 earnings released: EPS: NT$0.25 (vs NT$0.31 in 1Q 2023)First quarter 2024 results: EPS: NT$0.25 (down from NT$0.31 in 1Q 2023). Revenue: NT$10.1b (flat on 1Q 2023). Net income: NT$281.0m (down 19% from 1Q 2023). Profit margin: 2.8% (down from 3.4% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • May 03Cheng Loong Corporation to Report Q1, 2024 Results on May 09, 2024Cheng Loong Corporation announced that they will report Q1, 2024 results on May 09, 2024Reported Earnings • Mar 16Full year 2023 earnings released: EPS: NT$0.83 (vs NT$2.27 in FY 2022)Full year 2023 results: EPS: NT$0.83 (down from NT$2.27 in FY 2022). Revenue: NT$42.2b (down 4.0% from FY 2022). Net income: NT$922.1m (down 63% from FY 2022). Profit margin: 2.2% (down from 5.7% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Mar 14Cheng Loong Corporation to Report Second Half, 2023 Results on Mar 12, 2024Cheng Loong Corporation announced that they will report second half, 2023 results on Mar 12, 2024お知らせ • Mar 13Cheng Loong Corporation, Annual General Meeting, May 31, 2024Cheng Loong Corporation, Annual General Meeting, May 31, 2024. Location: Basement 1, No. 1, Sec. 1, Minsheng Rd. Banqiao Dist. New Taipei City Taiwan Agenda: To consider 2023 Business Overview- Business Report; to consider Endorsement guarantee provided by the Company to others and its necessity and reasonableness, as well as loaning funds to others; to consider 2023 Distribution of Employee Compensation; to consider 2023 Distribution of Cash Dividends; to consider Amendment to the Company's Rules of Procedures for Ethical Management and Guidelines for Conduct ; Amendment to the Company's Guidelines for the Adoption of Codes of Ethical Conduct; 2023 Acquisition and Disposal of Assets from Related Parties; 2023 Audit Committee's Review Report 6.Cause for convening the meeting Acknowledged matters: Adoption of the Company's 2023 Financial Statements. Adoption of the Company's 2023 Profit Distribution; Cause for convening the meeting Matters for Discussion: Amendment to certain articles of the Company's Rules of Procedure for Shareholders' Meeting and to consider Lifting of Non-Compete Restriction Against the Company's Directors.お知らせ • Dec 23Cheng Loong Corporation Resolves to Establish Risk Management CommitteeCheng Loong Corporation established risk management committee: Yung-Chi Wang, Independent Director of Cheng Loong Corp., Fu-Hsing Chang, Independent Director of Cheng Loong Corp., Feng-Chih Huang, Independent Director of Cheng Loong Corp., Ching-Biao Chang, Director and President of Cheng Loong Corp., Mu-Hsiang Peng, Director and Vice President of Cheng Loong Corp., Tseng-Fu Hou, Vice President of Cheng Loong Corp., effective December 21, 2023.お知らせ • Dec 22Cheng Loong Corporation Resolves to Establish Corporate Sustainability CommitteeCheng Loong Corporation established Corporate Sustainability Committee: Yung-Chi Wang, Independent Director of Cheng Loong Corp., Fu-Hsing Chang, Independent Director of Cheng Loong Corp., Feng-Chih Huang, Independent Director of Cheng Loong Corp., Ching-Biao Chang, Director and President of Cheng Loong Corp., Mu-Hsiang Peng, Director and Vice President of Cheng Loong Corp., Tseng-Fu Hou, Vice President of Cheng Loong Corp., effective December 21, 2023.New Risk • Aug 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 142% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Paying a dividend despite having no free cash flows. Earnings have declined by 2.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.1% net profit margin).お知らせ • Aug 10Cheng Loong Corporation Announces Change of the Company's Chief Information Security Officer, Effective on September 01, 2023Cheng Loong Corporation announced change of the Company's chief information security officer. Name, title, and resume of the previous position holder: Chen-Kuang Liu-FHead of Management Information Division. Name, title, and resume of the new position holder: Feng-Chih Yeh-FHead of Auditing Division. Effective date: September 1, 2023.Upcoming Dividend • Jun 20Upcoming dividend of NT$1.10 per share at 3.4% yieldEligible shareholders must have bought the stock before 27 June 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (5.1%).Reported Earnings • Mar 17Full year 2022 earnings released: EPS: NT$2.27 (vs NT$3.58 in FY 2021)Full year 2022 results: EPS: NT$2.27 (down from NT$3.58 in FY 2021). Revenue: NT$43.9b (down 2.4% from FY 2021). Net income: NT$2.52b (down 36% from FY 2021). Profit margin: 5.7% (down from 8.8% in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Feng-Chih Huang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: NT$0.20 (down from NT$0.70 in 3Q 2021). Revenue: NT$10.6b (down 4.7% from 3Q 2021). Net income: NT$223.8m (down 71% from 3Q 2021). Profit margin: 2.1% (down from 6.9% in 3Q 2021). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 60%. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.Reported Earnings • Aug 18Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$1.12 (up from NT$1.04 in 2Q 2021). Revenue: NT$11.5b (flat on 2Q 2021). Net income: NT$1.24b (up 7.3% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 90%. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$25.20, the stock trades at a trailing P/E ratio of 8.1x. Average forward P/E is 12x in the Packaging industry in Taiwan. Total returns to shareholders of 52% over the past three years.お知らせ • Jun 26Cheng Loong Corporation Announces Executive ChangesCheng Loong Corporation announced that Name, title, and resume of the previous position holder: Chung-Lin Chou¡FHead of Financial Division and Chief corporate governance officer. Name, title, and resume of the new position holder: Kun-Ming Yang¡FManager of Financial Division.Upcoming Dividend • Jun 21Upcoming dividend of NT$1.90 per shareEligible shareholders must have bought the stock before 28 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (6.3%). In line with average of industry peers (6.0%).お知らせ • Jun 15Cheng Loong Corporation Announces Cash Dividend, Payable on July 29, 2022Cheng Loong Corporation announced the cash dividend of TWD 1.9 per share. the dividend will distribution on July 29, 2022. Ex-rights (ex-dividend) record date is July 4, 2022 and Ex-rights (ex-dividend) trading date is June 28, 2022.Reported Earnings • May 15First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: EPS: NT$0.67 (down from NT$1.12 in 1Q 2021). Revenue: NT$11.3b (up 9.7% from 1Q 2021). Net income: NT$742.1m (down 40% from 1Q 2021). Profit margin: 6.6% (down from 12% in 1Q 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 18%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • May 12Cheng Loong Corporation Appoints Chen-Kuang Liu as Chief Information Security Officer, Effective June 1, 2022Cheng Loong Corporation appoints Chen-Kuang Liu/Head of Management Information Division as Chief Information Security Officer, effective June 1, 2022.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Fu-Hsing Chang was the last independent director to join the board, commencing their role in 2016. 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 • Mar 17Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$3.58 (up from NT$3.36 in FY 2020). Revenue: NT$45.0b (up 12% from FY 2020). Net income: NT$3.96b (up 6.3% from FY 2020). Profit margin: 8.8% (down from 9.3% 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 18%. Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.83 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$11.1b (up 8.6% from 3Q 2020). Net income: NT$773.8m (down 16% from 3Q 2020). Profit margin: 6.9% (down from 8.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year.Price Target Changed • Aug 18Price target decreased to NT$43.50Down from NT$48.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of NT$36.75. Stock is up 31% over the past year.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$1.04 (vs NT$0.72 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$11.5b (up 21% from 2Q 2020). Net income: NT$1.16b (up 44% from 2Q 2020). Profit margin: 10.0% (up from 8.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 10Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 17 September 2021. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (4.2%).Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$49.00, the stock trades at a trailing P/E ratio of 13.3x. Average forward P/E is 14x in the Packaging industry in Taiwan. Total returns to shareholders of 216% over the past three years.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$1.12 (vs NT$0.81 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$10.3b (up 13% from 1Q 2020). Net income: NT$1.24b (up 38% from 1Q 2020). Profit margin: 12% (up from 9.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • May 01How Does Cheng Loong Corporation (TPE:1904) Stand Up To These Simple Dividend Safety Checks?Dividend paying stocks like Cheng Loong Corporation ( TPE:1904 ) tend to be popular with investors, and for good reason...分析記事 • Apr 16Does Cheng Loong (TPE:1904) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Mar 30Cheng Loong's (TPE:1904) Returns On Capital Are Heading HigherFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$3.36 (vs NT$2.08 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$40.1b (flat on FY 2019). Net income: NT$3.73b (up 62% from FY 2019). Profit margin: 9.3% (up from 5.7% in FY 2019). 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 29% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 19Cheng Loong Corporation, Annual General Meeting, Jun 11, 2021Cheng Loong Corporation, Annual General Meeting, Jun 11, 2021. Location: Basement 1, No. 1, Sec. 1 Minsheng Rd., Banqiao Dist (Cheng Loong Lizi International Conference Hall) New Taipei City Taiwan Agenda: To consider 2020 Business Overview - Business Report; to approve endorsement/guarantee provided by the Company to others and its necessity and reasonableness, as well as loaning funds to others; to approve 2020 distribution of employee compensation; to approve amendment to the company's Rules of Procedure for Board of Directors' Meetings; and to consider other matters.分析記事 • Mar 15Should You Be Adding Cheng Loong (TPE:1904) To Your Watchlist Today?Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...分析記事 • Mar 02Is Cheng Loong Corporation's(TPE:1904) Recent Stock Performance Tethered To Its Strong Fundamentals?Cheng Loong (TPE:1904) has had a great run on the share market with its stock up by a significant 8.7% over the last...分析記事 • Feb 17Did You Participate In Any Of Cheng Loong's (TPE:1904) Fantastic 237% Return ?When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really...分析記事 • Feb 04Is Cheng Loong Corporation (TPE:1904) Worth NT$29.3 Based On Its Intrinsic Value?Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Cheng Loong...分析記事 • Jan 22Does Cheng Loong Corporation (TPE:1904) Have A Place In Your Dividend Portfolio?Today we'll take a closer look at Cheng Loong Corporation ( TPE:1904 ) from a dividend investor's perspective. Owning a...Is New 90 Day High Low • Jan 20New 90-day low: NT$29.85The company is down 12% from its price of NT$33.85 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 Packaging industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$24.38 per share.分析記事 • Jan 09Cheng Loong (TPE:1904) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Dec 25Will The ROCE Trend At Cheng Loong (TPE:1904) Continue?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Dec 12Do Cheng Loong's (TPE:1904) Earnings Warrant Your Attention?Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...分析記事 • Nov 26Cheng Loong Corporation's (TPE:1904) Stock Is Going Strong: Is the Market Following Fundamentals?Cheng Loong (TPE:1904) has had a great run on the share market with its stock up by a significant 16% over the last...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.83The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$10.3b (up 2.3% from 3Q 2019). Net income: NT$916.2m (up 32% from 3Q 2019). Profit margin: 8.9% (up from 6.9% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Oct 12New 90-day high: NT$33.50The company is up 44% from its price of NT$23.25 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$39.90 per share. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Cheng Loong は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TWSE:1904 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202643,1231,356-8825,207N/A12/31/202542,985823-1,0255,109N/A9/30/202543,486306-1085,405N/A6/30/202545,4461984105,078N/A3/31/202545,3624143903,815N/A12/31/202445,178605-1923,090N/A9/30/202444,585954682,867N/A6/30/202442,3911,032-8602,552N/A3/31/202442,084855-8583,468N/A12/31/202342,165922-3034,130N/A9/30/202341,384771-9234,990N/A6/30/202341,674865-1,8634,598N/A3/31/202342,8242,126-1,6405,036N/A12/31/202243,9222,520-2,1824,903N/A9/30/202245,4352,998-2,3283,731N/A6/30/202245,9593,548-1,9104,078N/A3/31/202245,9793,463-3,1643,627N/A12/31/202144,9863,963-3,1883,687N/A9/30/202144,1324,281-2,5464,893N/A6/30/202143,2534,424-1,1495,699N/A3/31/202141,2864,0711,8136,677N/A12/31/202040,0743,7283,4257,519N/A9/30/202040,4133,3904,8127,775N/A6/30/202040,1783,1677,2049,535N/A3/31/202040,3432,7656,1648,248N/A12/31/201940,3882,304N/A7,322N/A9/30/201939,0731,883N/A5,296N/A6/30/201939,2731,917N/A4,115N/A3/31/201940,2232,217N/A5,000N/A12/31/201841,1823,724N/A5,693N/A9/30/201841,6583,944N/A6,255N/A6/30/201841,5653,518N/A5,036N/A3/31/201840,2293,133N/A2,869N/A12/31/201739,5861,423N/A1,185N/A9/30/201739,5331,107N/A890N/A6/30/201739,7211,191N/A1,605N/A3/31/201739,9941,331N/A3,264N/A12/31/201640,0861,297N/A3,741N/A9/30/201640,5021,110N/A3,639N/A6/30/201641,117965N/A2,906N/A3/31/201642,184687N/A3,917N/A12/31/201543,3901,171N/A3,556N/A9/30/201545,3491,428N/A3,049N/A6/30/201545,5981,507N/A2,976N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 1904の予測収益成長が 貯蓄率 ( 1.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 1904の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 1904の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 1904の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 1904の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 1904の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance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2026/06/22 16:35終値2026/06/22 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このレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Cheng Loong 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。2 アナリスト機関Angus ChuangKGI Securities Co. Ltd.Corinne JianMacquarie Research
Price Target Changed • Aug 18Price target decreased to NT$43.50Down from NT$48.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of NT$36.75. Stock is up 31% over the past year.
Declared Dividend • Jun 06Dividend of NT$0.45 announcedDividend of NT$0.45 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 5.2%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 59% to shift the payout ratio to a potentially unsustainable range, which is more than the 20% EPS decline seen over the last 5 years.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$22.30, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 17x in the Packaging industry in Taiwan. Total loss to shareholders of 28% over the past three years.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.56 (vs NT$0.081 in 1Q 2025)First quarter 2026 results: EPS: NT$0.56 (up from NT$0.081 in 1Q 2025). Revenue: NT$10.4b (up 1.3% from 1Q 2025). Net income: NT$623.1m (up NT$533.2m from 1Q 2025). Profit margin: 6.0% (up from 0.9% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$20.35, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 21x in the Packaging industry in Taiwan. Total loss to shareholders of 30% over the past three years.
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$20.15, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 21x in the Packaging industry in Taiwan. Total loss to shareholders of 23% over the past three years.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.74 (vs NT$0.55 in FY 2024)Full year 2025 results: EPS: NT$0.74 (up from NT$0.55 in FY 2024). Revenue: NT$43.0b (down 4.9% from FY 2024). Net income: NT$823.0m (up 36% from FY 2024). Profit margin: 1.9% (up from 1.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 11Cheng Loong Corporation, Annual General Meeting, May 29, 2026Cheng Loong Corporation, Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: b1 floor no,1, sec.1 min sheng rd., banciao district, new taipei city Taiwan
お知らせ • Jan 02Cheng Loong Corporation Announces Executive Changes, Effective January 1, 2026Cheng Loong Corporation announced change of Acting spokesperson on December 31, 2025 . Name, title, and resume of the previous position holder: Hsiang-Chu Lin; Head of Auditing Division. Name, title, and resume of the new position holder: Kun-Ming Yang; Head of Financial Division. Type of the change: Retirement, effective January 1, 2026.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.14 (vs NT$0.046 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.14 (up from NT$0.046 in 3Q 2024). Revenue: NT$10.6b (down 16% from 3Q 2024). Net income: NT$158.3m (up 213% from 3Q 2024). Profit margin: 1.5% (up from 0.4% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
New Risk • Nov 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 80% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 43% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (163% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin).
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.14 profit in 2Q 2024)Second quarter 2025 results: NT$0.05 loss per share (down from NT$0.14 profit in 2Q 2024). Revenue: NT$10.8b (flat on 2Q 2024). Net loss: NT$59.8m (down 138% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
Declared Dividend • Jun 06Dividend reduced to NT$0.45Dividend of NT$0.45 is 10.0% lower than last year. Ex-date: 19th June 2025 Payment date: 25th July 2025 Dividend yield will be 2.5%, which is lower than the industry average of 5.2%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) nor is it covered by cash flows (128% 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 34% to bring the payout ratio under control. However, EPS has declined by 32% over the last 5 years so the company would need to reverse this trend.
お知らせ • Jun 05Cheng Loong Corporation Announces Cash Dividend, Payable on 25 July, 2025Cheng Loong Corporation announced cash dividend of TWD 0.45 per share. Ex-rights (ex-dividend) trading date is 19 June, 2025. Ex-rights (ex-dividend) record date is 27 June, 2025. Payment date of common stock cash dividend distribution is 25 July, 2025. Date of the resolution by the board of directors or shareholders meeting or decision by the Company on 6 June, 2025.
Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.25 in 1Q 2024)First quarter 2025 results: EPS: NT$0.08 (down from NT$0.25 in 1Q 2024). Revenue: NT$10.3b (up 1.8% from 1Q 2024). Net income: NT$89.9m (down 68% from 1Q 2024). Profit margin: 0.9% (down from 2.8% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.
New Risk • May 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 109% Dividend yield: 2.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 109% Earnings have declined by 32% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin).
お知らせ • May 01Cheng Loong Corporation to Report Q1, 2025 Results on May 08, 2025Cheng Loong Corporation announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$15.50, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 14x in the Packaging industry in Taiwan. Total loss to shareholders of 49% over the past three years.
New Risk • Mar 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 26% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.55 (vs NT$0.83 in FY 2023)Full year 2024 results: EPS: NT$0.55 (down from NT$0.83 in FY 2023). Revenue: NT$45.2b (up 7.1% from FY 2023). Net income: NT$605.1m (down 34% from FY 2023). Profit margin: 1.3% (down from 2.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 13Cheng Loong Corporation, Annual General Meeting, May 29, 2025Cheng Loong Corporation, Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: b1 floor no,1, sec.1 min sheng rd., banciao district, new taipei city Taiwan
お知らせ • Mar 04Cheng Loong Corporation to Report Q4, 2024 Results on Mar 11, 2025Cheng Loong Corporation announced that they will report Q4, 2024 results on Mar 11, 2025
分析記事 • Nov 25There May Be Underlying Issues With The Quality Of Cheng Loong's (TWSE:1904) EarningsInvestors were disappointed with Cheng Loong Corporation's ( TWSE:1904 ) earnings, despite the strong profit numbers...
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: NT$0.05 (vs NT$0.12 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.05 (down from NT$0.12 in 3Q 2023). Revenue: NT$12.5b (up 21% from 3Q 2023). Net income: NT$50.5m (down 61% from 3Q 2023). Profit margin: 0.4% (down from 1.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
分析記事 • Nov 13Cheng Loong (TWSE:1904) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
お知らせ • Nov 05Cheng Loong Corporation to Report Q3, 2024 Results on Nov 12, 2024Cheng Loong Corporation announced that they will report Q3, 2024 results on Nov 12, 2024
分析記事 • Sep 04Cheng Loong Corporation's (TWSE:1904) Share Price Could Signal Some RiskWith a price-to-earnings (or "P/E") ratio of 25.9x Cheng Loong Corporation ( TWSE:1904 ) may be sending bearish signals...
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: NT$0.14 (vs NT$0.019 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.14 (up from NT$0.019 loss in 2Q 2023). Revenue: NT$10.7b (up 3.0% from 2Q 2023). Net income: NT$156.1m (up NT$177.5m from 2Q 2023). Profit margin: 1.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 09Cheng Loong Corporation Appoints Hsu-Hsuan Peng as Chief Information Security OfficerCheng Loong Corporation appointed Hsu-Hsuan Peng as Chief information security officer. Title, and resume of the new position holder: Assistant vice president of the Planning Department of Cheng Loong Administration Division Effective date: August 8, 2024. The new chief information security officer was approved by the Board of Directors on August 8, 2024.
分析記事 • Aug 09Cheng Loong (TWSE:1904) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
お知らせ • Aug 01Cheng Loong Corporation to Report Q2, 2024 Results on Aug 08, 2024Cheng Loong Corporation announced that they will report Q2, 2024 results on Aug 08, 2024
分析記事 • Jun 23Cheng Loong's (TWSE:1904) Dividend Will Be Reduced To NT$0.50Cheng Loong Corporation ( TWSE:1904 ) has announced that on 26th of July, it will be paying a dividend ofNT$0.50, which...
Upcoming Dividend • Jun 18Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.0%).
分析記事 • Jun 09Cheng Loong (TWSE:1904) Is Paying Out Less In Dividends Than Last YearCheng Loong Corporation's ( TWSE:1904 ) dividend is being reduced from last year's payment covering the same period to...
Declared Dividend • Jun 08Dividend reduced to NT$0.50Dividend of NT$0.50 is 55% lower than last year. Ex-date: 24th June 2024 Payment date: 26th July 2024 Dividend yield will be 1.7%, which is lower than the industry average of 5.2%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 28% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years.
お知らせ • Jun 08Cheng Loong Corporation Announces Cash Dividend, Payable on July 26, 2024Cheng Loong Corporation announced cash dividend of TWD 0.5 per share. Ex-rights (ex-dividend) trading date is June 24, 2024. Ex-rights (ex-dividend) record date is June 30, 2024. Payment date of common stock cash dividend distribution is July 26, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 6, 2024.
お知らせ • Jun 01Cheng Loong Corporation Announces Resignation of Feng-Chih Yeh as Chief Information Security OfficerCheng Loong Corporation announced resignation of Feng-Chih Yeh as chief information security officer for the personal career planning. Effective date is May 31, 2024.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: NT$0.25 (vs NT$0.31 in 1Q 2023)First quarter 2024 results: EPS: NT$0.25 (down from NT$0.31 in 1Q 2023). Revenue: NT$10.1b (flat on 1Q 2023). Net income: NT$281.0m (down 19% from 1Q 2023). Profit margin: 2.8% (down from 3.4% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • May 03Cheng Loong Corporation to Report Q1, 2024 Results on May 09, 2024Cheng Loong Corporation announced that they will report Q1, 2024 results on May 09, 2024
Reported Earnings • Mar 16Full year 2023 earnings released: EPS: NT$0.83 (vs NT$2.27 in FY 2022)Full year 2023 results: EPS: NT$0.83 (down from NT$2.27 in FY 2022). Revenue: NT$42.2b (down 4.0% from FY 2022). Net income: NT$922.1m (down 63% from FY 2022). Profit margin: 2.2% (down from 5.7% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 14Cheng Loong Corporation to Report Second Half, 2023 Results on Mar 12, 2024Cheng Loong Corporation announced that they will report second half, 2023 results on Mar 12, 2024
お知らせ • Mar 13Cheng Loong Corporation, Annual General Meeting, May 31, 2024Cheng Loong Corporation, Annual General Meeting, May 31, 2024. Location: Basement 1, No. 1, Sec. 1, Minsheng Rd. Banqiao Dist. New Taipei City Taiwan Agenda: To consider 2023 Business Overview- Business Report; to consider Endorsement guarantee provided by the Company to others and its necessity and reasonableness, as well as loaning funds to others; to consider 2023 Distribution of Employee Compensation; to consider 2023 Distribution of Cash Dividends; to consider Amendment to the Company's Rules of Procedures for Ethical Management and Guidelines for Conduct ; Amendment to the Company's Guidelines for the Adoption of Codes of Ethical Conduct; 2023 Acquisition and Disposal of Assets from Related Parties; 2023 Audit Committee's Review Report 6.Cause for convening the meeting Acknowledged matters: Adoption of the Company's 2023 Financial Statements. Adoption of the Company's 2023 Profit Distribution; Cause for convening the meeting Matters for Discussion: Amendment to certain articles of the Company's Rules of Procedure for Shareholders' Meeting and to consider Lifting of Non-Compete Restriction Against the Company's Directors.
お知らせ • Dec 23Cheng Loong Corporation Resolves to Establish Risk Management CommitteeCheng Loong Corporation established risk management committee: Yung-Chi Wang, Independent Director of Cheng Loong Corp., Fu-Hsing Chang, Independent Director of Cheng Loong Corp., Feng-Chih Huang, Independent Director of Cheng Loong Corp., Ching-Biao Chang, Director and President of Cheng Loong Corp., Mu-Hsiang Peng, Director and Vice President of Cheng Loong Corp., Tseng-Fu Hou, Vice President of Cheng Loong Corp., effective December 21, 2023.
お知らせ • Dec 22Cheng Loong Corporation Resolves to Establish Corporate Sustainability CommitteeCheng Loong Corporation established Corporate Sustainability Committee: Yung-Chi Wang, Independent Director of Cheng Loong Corp., Fu-Hsing Chang, Independent Director of Cheng Loong Corp., Feng-Chih Huang, Independent Director of Cheng Loong Corp., Ching-Biao Chang, Director and President of Cheng Loong Corp., Mu-Hsiang Peng, Director and Vice President of Cheng Loong Corp., Tseng-Fu Hou, Vice President of Cheng Loong Corp., effective December 21, 2023.
New Risk • Aug 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 142% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Paying a dividend despite having no free cash flows. Earnings have declined by 2.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.1% net profit margin).
お知らせ • Aug 10Cheng Loong Corporation Announces Change of the Company's Chief Information Security Officer, Effective on September 01, 2023Cheng Loong Corporation announced change of the Company's chief information security officer. Name, title, and resume of the previous position holder: Chen-Kuang Liu-FHead of Management Information Division. Name, title, and resume of the new position holder: Feng-Chih Yeh-FHead of Auditing Division. Effective date: September 1, 2023.
Upcoming Dividend • Jun 20Upcoming dividend of NT$1.10 per share at 3.4% yieldEligible shareholders must have bought the stock before 27 June 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (5.1%).
Reported Earnings • Mar 17Full year 2022 earnings released: EPS: NT$2.27 (vs NT$3.58 in FY 2021)Full year 2022 results: EPS: NT$2.27 (down from NT$3.58 in FY 2021). Revenue: NT$43.9b (down 2.4% from FY 2021). Net income: NT$2.52b (down 36% from FY 2021). Profit margin: 5.7% (down from 8.8% in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Feng-Chih Huang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: NT$0.20 (down from NT$0.70 in 3Q 2021). Revenue: NT$10.6b (down 4.7% from 3Q 2021). Net income: NT$223.8m (down 71% from 3Q 2021). Profit margin: 2.1% (down from 6.9% in 3Q 2021). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 60%. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.
Reported Earnings • Aug 18Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$1.12 (up from NT$1.04 in 2Q 2021). Revenue: NT$11.5b (flat on 2Q 2021). Net income: NT$1.24b (up 7.3% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 90%. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$25.20, the stock trades at a trailing P/E ratio of 8.1x. Average forward P/E is 12x in the Packaging industry in Taiwan. Total returns to shareholders of 52% over the past three years.
お知らせ • Jun 26Cheng Loong Corporation Announces Executive ChangesCheng Loong Corporation announced that Name, title, and resume of the previous position holder: Chung-Lin Chou¡FHead of Financial Division and Chief corporate governance officer. Name, title, and resume of the new position holder: Kun-Ming Yang¡FManager of Financial Division.
Upcoming Dividend • Jun 21Upcoming dividend of NT$1.90 per shareEligible shareholders must have bought the stock before 28 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (6.3%). In line with average of industry peers (6.0%).
お知らせ • Jun 15Cheng Loong Corporation Announces Cash Dividend, Payable on July 29, 2022Cheng Loong Corporation announced the cash dividend of TWD 1.9 per share. the dividend will distribution on July 29, 2022. Ex-rights (ex-dividend) record date is July 4, 2022 and Ex-rights (ex-dividend) trading date is June 28, 2022.
Reported Earnings • May 15First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: EPS: NT$0.67 (down from NT$1.12 in 1Q 2021). Revenue: NT$11.3b (up 9.7% from 1Q 2021). Net income: NT$742.1m (down 40% from 1Q 2021). Profit margin: 6.6% (down from 12% in 1Q 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 18%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • May 12Cheng Loong Corporation Appoints Chen-Kuang Liu as Chief Information Security Officer, Effective June 1, 2022Cheng Loong Corporation appoints Chen-Kuang Liu/Head of Management Information Division as Chief Information Security Officer, effective June 1, 2022.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Fu-Hsing Chang was the last independent director to join the board, commencing their role in 2016. 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 • Mar 17Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$3.58 (up from NT$3.36 in FY 2020). Revenue: NT$45.0b (up 12% from FY 2020). Net income: NT$3.96b (up 6.3% from FY 2020). Profit margin: 8.8% (down from 9.3% 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 18%. Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.83 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$11.1b (up 8.6% from 3Q 2020). Net income: NT$773.8m (down 16% from 3Q 2020). Profit margin: 6.9% (down from 8.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year.
Price Target Changed • Aug 18Price target decreased to NT$43.50Down from NT$48.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of NT$36.75. Stock is up 31% over the past year.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$1.04 (vs NT$0.72 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$11.5b (up 21% from 2Q 2020). Net income: NT$1.16b (up 44% from 2Q 2020). Profit margin: 10.0% (up from 8.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 10Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 17 September 2021. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (4.2%).
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$49.00, the stock trades at a trailing P/E ratio of 13.3x. Average forward P/E is 14x in the Packaging industry in Taiwan. Total returns to shareholders of 216% over the past three years.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$1.12 (vs NT$0.81 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$10.3b (up 13% from 1Q 2020). Net income: NT$1.24b (up 38% from 1Q 2020). Profit margin: 12% (up from 9.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • May 01How Does Cheng Loong Corporation (TPE:1904) Stand Up To These Simple Dividend Safety Checks?Dividend paying stocks like Cheng Loong Corporation ( TPE:1904 ) tend to be popular with investors, and for good reason...
分析記事 • Apr 16Does Cheng Loong (TPE:1904) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Mar 30Cheng Loong's (TPE:1904) Returns On Capital Are Heading HigherFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$3.36 (vs NT$2.08 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$40.1b (flat on FY 2019). Net income: NT$3.73b (up 62% from FY 2019). Profit margin: 9.3% (up from 5.7% in FY 2019). 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 29% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 19Cheng Loong Corporation, Annual General Meeting, Jun 11, 2021Cheng Loong Corporation, Annual General Meeting, Jun 11, 2021. Location: Basement 1, No. 1, Sec. 1 Minsheng Rd., Banqiao Dist (Cheng Loong Lizi International Conference Hall) New Taipei City Taiwan Agenda: To consider 2020 Business Overview - Business Report; to approve endorsement/guarantee provided by the Company to others and its necessity and reasonableness, as well as loaning funds to others; to approve 2020 distribution of employee compensation; to approve amendment to the company's Rules of Procedure for Board of Directors' Meetings; and to consider other matters.
分析記事 • Mar 15Should You Be Adding Cheng Loong (TPE:1904) To Your Watchlist Today?Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
分析記事 • Mar 02Is Cheng Loong Corporation's(TPE:1904) Recent Stock Performance Tethered To Its Strong Fundamentals?Cheng Loong (TPE:1904) has had a great run on the share market with its stock up by a significant 8.7% over the last...
分析記事 • Feb 17Did You Participate In Any Of Cheng Loong's (TPE:1904) Fantastic 237% Return ?When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really...
分析記事 • Feb 04Is Cheng Loong Corporation (TPE:1904) Worth NT$29.3 Based On Its Intrinsic Value?Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Cheng Loong...
分析記事 • Jan 22Does Cheng Loong Corporation (TPE:1904) Have A Place In Your Dividend Portfolio?Today we'll take a closer look at Cheng Loong Corporation ( TPE:1904 ) from a dividend investor's perspective. Owning a...
Is New 90 Day High Low • Jan 20New 90-day low: NT$29.85The company is down 12% from its price of NT$33.85 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 Packaging industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$24.38 per share.
分析記事 • Jan 09Cheng Loong (TPE:1904) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Dec 25Will The ROCE Trend At Cheng Loong (TPE:1904) Continue?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Dec 12Do Cheng Loong's (TPE:1904) Earnings Warrant Your Attention?Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
分析記事 • Nov 26Cheng Loong Corporation's (TPE:1904) Stock Is Going Strong: Is the Market Following Fundamentals?Cheng Loong (TPE:1904) has had a great run on the share market with its stock up by a significant 16% over the last...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.83The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$10.3b (up 2.3% from 3Q 2019). Net income: NT$916.2m (up 32% from 3Q 2019). Profit margin: 8.9% (up from 6.9% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Oct 12New 90-day high: NT$33.50The company is up 44% from its price of NT$23.25 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$39.90 per share.