View Financial HealthTex Year Industries 配当と自社株買い配当金 基準チェック /26Tex Year Industries配当を支払う会社であり、現在の利回りは2.07%で、収益によって十分にカバーされています。主要情報2.1%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長0.9%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向65%最近の配当と自社株買いの更新Upcoming Dividend • Jul 02Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 09 July 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (1.2%).Declared Dividend • Jun 15Dividend reduced to NT$0.40Dividend of NT$0.40 is 60% lower than last year. Ex-date: 9th July 2026 Payment date: 7th August 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.0%. 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 27% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.0% EPS decline seen over the last 5 years.Upcoming Dividend • Jul 02Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 09 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).Upcoming Dividend • Jul 18Upcoming dividend of NT$0.54 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 21 August 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.2%).Declared Dividend • Jun 28Dividend increased to NT$0.55Dividend of NT$0.55 is 175% higher than last year. Ex-date: 25th July 2024 Payment date: 21st August 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 27Tex Year Industries Inc Approves the Dividend, Payable on August 21, 2024Tex Year Industries Inc. at its board of directors or shareholders meeting held on June 26, 2024, approved the dividend TWD 57,139,020 in total; TWD 0.55 per share. Ex-rights (ex-dividend) trading date: July 25, 2024. Ex-rights (ex-dividend) record date: July 31, 2024. Payment date of cash dividend distribution: August 21, 2024.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$26.00, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 33x in the Chemicals industry in Taiwan. Total returns to shareholders of 94% over the past three years.Upcoming Dividend • Jul 02Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 09 July 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (1.2%).Declared Dividend • Jun 15Dividend reduced to NT$0.40Dividend of NT$0.40 is 60% lower than last year. Ex-date: 9th July 2026 Payment date: 7th August 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.0%. 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 27% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.0% EPS decline seen over the last 5 years.Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$29.70, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 33x in the Chemicals industry in Taiwan. Total returns to shareholders of 113% over the past three years.Reported Earnings • May 20First quarter 2026 earnings released: EPS: NT$0.20 (vs NT$0.33 in 1Q 2025)First quarter 2026 results: EPS: NT$0.20 (down from NT$0.33 in 1Q 2025). Revenue: NT$943.9m (up 2.8% from 1Q 2025). Net income: NT$22.8m (down 40% from 1Q 2025). Profit margin: 2.4% (down from 4.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year.New Risk • Apr 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (NT$3.13b market cap, or US$99.4m).Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$22.15, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 29x in the Chemicals industry in Taiwan. Total returns to shareholders of 68% over the past three years.Buy Or Sell Opportunity • Mar 20Now 20% undervaluedOver the last 90 days, the stock has risen 17% to NT$16.75. The fair value is estimated to be NT$21.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 33%.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.74 (vs NT$1.50 in FY 2024)Full year 2025 results: EPS: NT$0.74 (down from NT$1.50 in FY 2024). Revenue: NT$3.59b (down 2.3% from FY 2024). Net income: NT$85.1m (down 47% from FY 2024). Profit margin: 2.4% (down from 4.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 13Tex Year Industries Inc., Annual General Meeting, May 29, 2026Tex Year Industries Inc., Annual General Meeting, May 29, 2026. Location: 4 floor no,9, wu ch`uan 6th rd., wugu district, new taipei city TaiwanBuy Or Sell Opportunity • Feb 05Now 20% undervaluedOver the last 90 days, the stock has risen 16% to NT$16.10. The fair value is estimated to be NT$20.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 45%.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$18.25, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 22x in the Chemicals industry in Taiwan. Total returns to shareholders of 44% over the past three years.Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$0.24 (vs NT$0.40 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.24 (down from NT$0.40 in 3Q 2024). Revenue: NT$874.3m (down 6.6% from 3Q 2024). Net income: NT$26.9m (down 39% from 3Q 2024). Profit margin: 3.1% (down from 4.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$0.02 loss per share (vs NT$0.32 profit in 2Q 2024)Second quarter 2025 results: NT$0.02 loss per share (down from NT$0.32 profit in 2Q 2024). Revenue: NT$864.1m (down 4.2% from 2Q 2024). Net loss: NT$1.94m (down 106% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 02Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 09 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.33 (vs NT$0.51 in 1Q 2024)First quarter 2025 results: EPS: NT$0.33 (down from NT$0.51 in 1Q 2024). Revenue: NT$918.1m (up 6.6% from 1Q 2024). Net income: NT$38.0m (down 28% from 1Q 2024). Profit margin: 4.1% (down from 6.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% 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 06Tex Year Industries Inc. to Report Q1, 2025 Results on May 13, 2025Tex Year Industries Inc. announced that they will report Q1, 2025 results on May 13, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$16.10, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Total returns to shareholders of 9.7% over the past three years.分析記事 • Apr 01We Think That There Are Issues Underlying Tex Year Industries' (TWSE:4720) EarningsTex Year Industries Inc.'s ( TWSE:4720 ) robust earnings report didn't manage to move the market for its stock. Our...Reported Earnings • Mar 28Full year 2024 earnings released: EPS: NT$1.50 (vs NT$0.74 in FY 2023)Full year 2024 results: EPS: NT$1.50 (up from NT$0.74 in FY 2023). Revenue: NT$3.68b (up 11% from FY 2023). Net income: NT$161.0m (up 111% from FY 2023). Profit margin: 4.4% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 14Tex Year Industries Inc., Annual General Meeting, May 29, 2025Tex Year Industries Inc., Annual General Meeting, May 29, 2025, at 09:30 Taipei Standard Time. Location: 4 floor no,9, wu ch`uan 6th rd., wugu district, new taipei city Taiwanお知らせ • Mar 05Tex Year Industries Inc. to Report Fiscal Year 2024 Results on Mar 12, 2025Tex Year Industries Inc. announced that they will report fiscal year 2024 results on Mar 12, 2025Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.40 (vs NT$0.66 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.40 (down from NT$0.66 in 3Q 2023). Revenue: NT$936.3m (up 11% from 3Q 2023). Net income: NT$43.7m (down 36% from 3Q 2023). Profit margin: 4.7% (down from 8.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 07Tex Year Industries Inc. to Report Q3, 2024 Results on Nov 14, 2024Tex Year Industries Inc. announced that they will report Q3, 2024 results on Nov 14, 2024New Risk • Sep 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (NT$2.17b market cap, or US$67.8m).分析記事 • Sep 10We Think Tex Year Industries (TWSE:4720) Can Manage Its Debt With EaseSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.32 (vs NT$0.14 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.32 (up from NT$0.14 in 2Q 2023). Revenue: NT$901.6m (up 8.2% from 2Q 2023). Net income: NT$33.6m (up 139% from 2Q 2023). Profit margin: 3.7% (up from 1.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 03Tex Year Industries Inc. to Report Q2, 2024 Results on Aug 12, 2024Tex Year Industries Inc. announced that they will report Q2, 2024 results on Aug 12, 2024Upcoming Dividend • Jul 18Upcoming dividend of NT$0.54 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 21 August 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.2%).分析記事 • Jul 05Tex Year Industries Inc. (TWSE:4720) Held Back By Insufficient Growth Even After Shares Climb 29%Despite an already strong run, Tex Year Industries Inc. ( TWSE:4720 ) shares have been powering on, with a gain of 29...分析記事 • Jul 04Returns At Tex Year Industries (TWSE:4720) Are On The Way UpTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$23.45, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 24x in the Chemicals industry in Taiwan. Total returns to shareholders of 68% over the past three years.Declared Dividend • Jun 28Dividend increased to NT$0.55Dividend of NT$0.55 is 175% higher than last year. Ex-date: 25th July 2024 Payment date: 21st August 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 27Tex Year Industries Inc Approves the Dividend, Payable on August 21, 2024Tex Year Industries Inc. at its board of directors or shareholders meeting held on June 26, 2024, approved the dividend TWD 57,139,020 in total; TWD 0.55 per share. Ex-rights (ex-dividend) trading date: July 25, 2024. Ex-rights (ex-dividend) record date: July 31, 2024. Payment date of cash dividend distribution: August 21, 2024.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.51 (vs NT$0.015 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.51 (up from NT$0.015 loss in 1Q 2023). Revenue: NT$861.4m (up 14% from 1Q 2023). Net income: NT$52.6m (up NT$54.1m from 1Q 2023). Profit margin: 6.1% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.お知らせ • May 10Tex Year Industries Inc. to Report Q1, 2024 Results on May 13, 2024Tex Year Industries Inc. announced that they will report Q1, 2024 results on May 13, 2024New Risk • Apr 11New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.67b market cap, or US$51.8m).分析記事 • Apr 05We Think You Should Be Aware Of Some Concerning Factors In Tex Year Industries' (TWSE:4720) EarningsThe recent earnings posted by Tex Year Industries Inc. ( TWSE:4720 ) were solid, but the stock didn't move as much as...Reported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$0.74 (vs NT$0.20 in FY 2022)Full year 2023 results: EPS: NT$0.74 (up from NT$0.20 in FY 2022). Revenue: NT$3.31b (down 9.4% from FY 2022). Net income: NT$76.5m (up 278% from FY 2022). Profit margin: 2.3% (up from 0.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 19% 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 16Tex Year Industries Inc., Annual General Meeting, Jun 24, 2024Tex Year Industries Inc., Annual General Meeting, Jun 24, 2024. Location: 4F,No. 9, Wuquan 6th Rd. Wugu Dist., New Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's review of the 2023 annual final accounting books and statements; to consider Report of 2023 Employees and Directors Compensation; to consider Report on the Implementation of Domestic Convertible Bonds Issued in 2019; to consider Amendment to Rules and Procedures of Board of Directors Meetings; to consider the report on the 2023 cash dividend distribution; and to consider other related matters.New Risk • Mar 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.81b market cap, or US$57.3m).Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$17.15, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 23x in the Chemicals industry in Taiwan. Total returns to shareholders of 16% over the past three years.New Risk • Nov 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 112% 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 Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.57b market cap, or US$49.7m).Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.14 (vs NT$0.02 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.14 (up from NT$0.02 loss in 2Q 2022). Revenue: NT$833.3m (down 12% from 2Q 2022). Net income: NT$14.0m (up NT$16.1m from 2Q 2022). Profit margin: 1.7% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 27Upcoming dividend of NT$0.20 per share at 1.4% yieldEligible shareholders must have bought the stock before 03 August 2023. Payment date: 30 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.7%).お知らせ • Jul 07Tex Year Industries Inc. Announces Dividend, Payable on August 30, 2023Tex Year Industries Inc. announced dividend TWD 20,751,252 in total; TWD 0.2 per share. Ex-rights (ex-dividend) trading date: August 8, 2023. Ex-rights (ex-dividend) record date: August 9, 2023. Payment date of cash dividend distribution: August 30, 2023.Reported Earnings • Apr 06Full year 2022 earnings released: EPS: NT$0.20 (vs NT$0.30 in FY 2021)Full year 2022 results: EPS: NT$0.20 (down from NT$0.30 in FY 2021). Revenue: NT$3.66b (up 3.0% from FY 2021). Net income: NT$20.2m (down 30% from FY 2021). Profit margin: 0.6% (down from 0.8% in FY 2021). 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 increased by 7% per year, which means it is well ahead of earnings.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Wen-Pin Weng was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$16.95, the stock trades at a trailing P/E ratio of 63.7x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 31% over the past three years.Reported Earnings • Aug 16Second quarter 2022 earnings released: NT$0.02 loss per share (vs NT$0.025 profit in 2Q 2021)Second quarter 2022 results: NT$0.02 loss per share (down from NT$0.025 profit in 2Q 2021). Revenue: NT$946.6m (up 9.9% from 2Q 2021). Net loss: NT$2.08m (down 184% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 25Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 01 August 2022. Payment date: 02 September 2022. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (8.1%).お知らせ • Jun 29+ 3 more updatesTex Year Industries Inc. Announces Appointment of 2nd Corporate Sustainability CommitteeTex Year Industries Inc. appointed Tsai-Wei Tseng, Shu Chuan Lin as members of Corporate Sustainability Committee. Tsai-Wei Tseng is GM of JPT Corporation and Shu Chuan Lin is Senior Partner of Dentons Taiwan. Members of 2nd Corporate Sustainability Committee are Donald Hsiao, Chung-Ping Wang, Tsai-Wei Tseng, Wen-Pin Weng, Shu Chuan Lin. Effective date of the new member is June 27, 2022.Reported Earnings • May 17First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: NT$0.09 (up from NT$0.065 in 1Q 2021). Revenue: NT$871.5m (up 4.8% from 1Q 2021). Net income: NT$9.33m (up 50% from 1Q 2021). Profit margin: 1.1% (up from 0.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates by 60%. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Wen-Pin Weng was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 03Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: NT$0.30 (down from NT$0.74 in FY 2020). Revenue: NT$3.55b (up 12% from FY 2020). Net income: NT$28.9m (down 59% from FY 2020). Profit margin: 0.8% (down from 2.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates by 60%. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$17.40, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 19x in the Chemicals industry in Taiwan. Total returns to shareholders of 39% over the past three years.Valuation Update With 7 Day Price Move • Jan 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$17.80, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 19x in the Chemicals industry in Taiwan. Total returns to shareholders of 41% over the past three years.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.40 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$879.6m (up 3.2% from 3Q 2020). Net income: NT$6.68m (down 82% from 3Q 2020). Profit margin: 0.8% (down from 4.4% 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 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Board Change • Nov 12Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Wen-Pin Weng was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Aug 13Tex Year Vietnam Co., Ltd. Suspends Operation Till August 22Tex Year Industries Inc. announcement on behalf of subsidiary Tex Year Vietnam Co. Ltd.of complying with local government's pandemic precautions to suspend operation. The Company complied with local government's pandemic precautions to suspend operation till August 22.Reported Earnings • May 18First quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.13 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$831.8m (up 36% from 1Q 2020). Net income: NT$6.23m (up NT$17.6m from 1Q 2020). Profit margin: 0.7% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to NT$14.15, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 4.2% over the past three years.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$18.80, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total returns to shareholders of 32% over the past three years.分析記事 • Apr 05Tex Year Industries (TPE:4720) May Have Issues Allocating Its CapitalFinding 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 • Apr 01Full year 2020 earnings released: EPS NT$0.78 (vs NT$0.50 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$3.16b (down 2.2% from FY 2019). Net income: NT$69.7m (up 58% from FY 2019). Profit margin: 2.2% (up from 1.4% 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 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 18If You Had Bought Tex Year Industries (TPE:4720) Shares A Year Ago You'd Have Earned 49% ReturnsWe believe investing is smart because history shows that stock markets go higher in the long term. But if when you...分析記事 • Feb 28Is Tex Year Industries (TPE:4720) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Feb 09Can Tex Year Industries Inc.'s (TPE:4720) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?Tex Year Industries' (TPE:4720) stock is up by a considerable 11% over the past three months. However, in this article...分析記事 • Jan 19Is Tex Year Industries Inc. (TPE:4720) A Smart Pick For Income Investors?Could Tex Year Industries Inc. ( TPE:4720 ) be an attractive dividend share to own for the long haul? Investors are...分析記事 • Dec 31Has Tex Year Industries (TPE:4720) Got What It Takes To Become A Multi-Bagger?If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...お知らせ • Nov 14Tex Year Industries Inc. Appoints Yuchen Yao/Chairman Office Manager as Corporate Governance OfficerTex Year Industries Inc. announced the appointment of Ms. Yuchen Yao/Chairman Office Manager as corporate governance officer. Date of change is November 13, 2020.お知らせ • Oct 01+ 3 more updatesTex Year Industries Inc. Provides Update on Operation Resumption At Guanyin Plant in TaoyuanTex Year Industries Inc. announced that its Guanyin Plant in Taoyuan did not update the stationary pollution source operating permit in time. On December 17, 2019, a letter from the Environmental Protection Bureau of Taoyuan City Government ordered some production lines of Tex Year's Guanyin Plant in Guanyin to suspend the operation. Letter from the Bureau states that an updated stationary pollution source operating permit is issued, and the work can be resumed. The Company quickly obtained a pollution source operating permit, which made the period of actual shutdown in the Guanyin Plant shortened to 12 working days. During the shutdown, no production shortage was caused within the Group, nor was shipment impacted or material loss incurred.決済の安定と成長配当データの取得安定した配当: 4720の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 4720の配当金支払額は過去10年間減少しています。配当利回り対市場Tex Year Industries 配当利回り対市場4720 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (4720)2.1%市場下位25% (TW)1.5%市場トップ25% (TW)5.1%業界平均 (Chemicals)1.2%アナリスト予想 (4720) (最長3年)n/a注目すべき配当: 4720の配当金 ( 2.07% ) はTW市場の配当金支払者の下位 25% ( 1.54% ) よりも高くなっています。高配当: 4720の配当金 ( 2.07% ) はTW市場の配当金支払者の上位 25% ( 5.08% ) と比較すると低いです。株主への利益配当収益カバレッジ: 4720の配当金は、合理的な 配当性向 ( 65.5% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 4720は配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management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2026/08/09 23:35終値2026/08/07 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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Tex Year Industries Inc. 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Shu-Fang ChenMasterlink Securities Investment AdvisoryRaymond KuoSinoPac Securities Investment Service
Upcoming Dividend • Jul 02Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 09 July 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (1.2%).
Declared Dividend • Jun 15Dividend reduced to NT$0.40Dividend of NT$0.40 is 60% lower than last year. Ex-date: 9th July 2026 Payment date: 7th August 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.0%. 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 27% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.0% EPS decline seen over the last 5 years.
Upcoming Dividend • Jul 02Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 09 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).
Upcoming Dividend • Jul 18Upcoming dividend of NT$0.54 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 21 August 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.2%).
Declared Dividend • Jun 28Dividend increased to NT$0.55Dividend of NT$0.55 is 175% higher than last year. Ex-date: 25th July 2024 Payment date: 21st August 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 27Tex Year Industries Inc Approves the Dividend, Payable on August 21, 2024Tex Year Industries Inc. at its board of directors or shareholders meeting held on June 26, 2024, approved the dividend TWD 57,139,020 in total; TWD 0.55 per share. Ex-rights (ex-dividend) trading date: July 25, 2024. Ex-rights (ex-dividend) record date: July 31, 2024. Payment date of cash dividend distribution: August 21, 2024.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$26.00, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 33x in the Chemicals industry in Taiwan. Total returns to shareholders of 94% over the past three years.
Upcoming Dividend • Jul 02Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 09 July 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (1.2%).
Declared Dividend • Jun 15Dividend reduced to NT$0.40Dividend of NT$0.40 is 60% lower than last year. Ex-date: 9th July 2026 Payment date: 7th August 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.0%. 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 27% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.0% EPS decline seen over the last 5 years.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$29.70, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 33x in the Chemicals industry in Taiwan. Total returns to shareholders of 113% over the past three years.
Reported Earnings • May 20First quarter 2026 earnings released: EPS: NT$0.20 (vs NT$0.33 in 1Q 2025)First quarter 2026 results: EPS: NT$0.20 (down from NT$0.33 in 1Q 2025). Revenue: NT$943.9m (up 2.8% from 1Q 2025). Net income: NT$22.8m (down 40% from 1Q 2025). Profit margin: 2.4% (down from 4.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year.
New Risk • Apr 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (NT$3.13b market cap, or US$99.4m).
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$22.15, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 29x in the Chemicals industry in Taiwan. Total returns to shareholders of 68% over the past three years.
Buy Or Sell Opportunity • Mar 20Now 20% undervaluedOver the last 90 days, the stock has risen 17% to NT$16.75. The fair value is estimated to be NT$21.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 33%.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.74 (vs NT$1.50 in FY 2024)Full year 2025 results: EPS: NT$0.74 (down from NT$1.50 in FY 2024). Revenue: NT$3.59b (down 2.3% from FY 2024). Net income: NT$85.1m (down 47% from FY 2024). Profit margin: 2.4% (down from 4.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 13Tex Year Industries Inc., Annual General Meeting, May 29, 2026Tex Year Industries Inc., Annual General Meeting, May 29, 2026. Location: 4 floor no,9, wu ch`uan 6th rd., wugu district, new taipei city Taiwan
Buy Or Sell Opportunity • Feb 05Now 20% undervaluedOver the last 90 days, the stock has risen 16% to NT$16.10. The fair value is estimated to be NT$20.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 45%.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$18.25, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 22x in the Chemicals industry in Taiwan. Total returns to shareholders of 44% over the past three years.
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$0.24 (vs NT$0.40 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.24 (down from NT$0.40 in 3Q 2024). Revenue: NT$874.3m (down 6.6% from 3Q 2024). Net income: NT$26.9m (down 39% from 3Q 2024). Profit margin: 3.1% (down from 4.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$0.02 loss per share (vs NT$0.32 profit in 2Q 2024)Second quarter 2025 results: NT$0.02 loss per share (down from NT$0.32 profit in 2Q 2024). Revenue: NT$864.1m (down 4.2% from 2Q 2024). Net loss: NT$1.94m (down 106% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 02Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 09 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.33 (vs NT$0.51 in 1Q 2024)First quarter 2025 results: EPS: NT$0.33 (down from NT$0.51 in 1Q 2024). Revenue: NT$918.1m (up 6.6% from 1Q 2024). Net income: NT$38.0m (down 28% from 1Q 2024). Profit margin: 4.1% (down from 6.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% 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 06Tex Year Industries Inc. to Report Q1, 2025 Results on May 13, 2025Tex Year Industries Inc. announced that they will report Q1, 2025 results on May 13, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$16.10, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Total returns to shareholders of 9.7% over the past three years.
分析記事 • Apr 01We Think That There Are Issues Underlying Tex Year Industries' (TWSE:4720) EarningsTex Year Industries Inc.'s ( TWSE:4720 ) robust earnings report didn't manage to move the market for its stock. Our...
Reported Earnings • Mar 28Full year 2024 earnings released: EPS: NT$1.50 (vs NT$0.74 in FY 2023)Full year 2024 results: EPS: NT$1.50 (up from NT$0.74 in FY 2023). Revenue: NT$3.68b (up 11% from FY 2023). Net income: NT$161.0m (up 111% from FY 2023). Profit margin: 4.4% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 14Tex Year Industries Inc., Annual General Meeting, May 29, 2025Tex Year Industries Inc., Annual General Meeting, May 29, 2025, at 09:30 Taipei Standard Time. Location: 4 floor no,9, wu ch`uan 6th rd., wugu district, new taipei city Taiwan
お知らせ • Mar 05Tex Year Industries Inc. to Report Fiscal Year 2024 Results on Mar 12, 2025Tex Year Industries Inc. announced that they will report fiscal year 2024 results on Mar 12, 2025
Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.40 (vs NT$0.66 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.40 (down from NT$0.66 in 3Q 2023). Revenue: NT$936.3m (up 11% from 3Q 2023). Net income: NT$43.7m (down 36% from 3Q 2023). Profit margin: 4.7% (down from 8.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 07Tex Year Industries Inc. to Report Q3, 2024 Results on Nov 14, 2024Tex Year Industries Inc. announced that they will report Q3, 2024 results on Nov 14, 2024
New Risk • Sep 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (NT$2.17b market cap, or US$67.8m).
分析記事 • Sep 10We Think Tex Year Industries (TWSE:4720) Can Manage Its Debt With EaseSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.32 (vs NT$0.14 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.32 (up from NT$0.14 in 2Q 2023). Revenue: NT$901.6m (up 8.2% from 2Q 2023). Net income: NT$33.6m (up 139% from 2Q 2023). Profit margin: 3.7% (up from 1.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 03Tex Year Industries Inc. to Report Q2, 2024 Results on Aug 12, 2024Tex Year Industries Inc. announced that they will report Q2, 2024 results on Aug 12, 2024
Upcoming Dividend • Jul 18Upcoming dividend of NT$0.54 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 21 August 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.2%).
分析記事 • Jul 05Tex Year Industries Inc. (TWSE:4720) Held Back By Insufficient Growth Even After Shares Climb 29%Despite an already strong run, Tex Year Industries Inc. ( TWSE:4720 ) shares have been powering on, with a gain of 29...
分析記事 • Jul 04Returns At Tex Year Industries (TWSE:4720) Are On The Way UpTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$23.45, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 24x in the Chemicals industry in Taiwan. Total returns to shareholders of 68% over the past three years.
Declared Dividend • Jun 28Dividend increased to NT$0.55Dividend of NT$0.55 is 175% higher than last year. Ex-date: 25th July 2024 Payment date: 21st August 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 27Tex Year Industries Inc Approves the Dividend, Payable on August 21, 2024Tex Year Industries Inc. at its board of directors or shareholders meeting held on June 26, 2024, approved the dividend TWD 57,139,020 in total; TWD 0.55 per share. Ex-rights (ex-dividend) trading date: July 25, 2024. Ex-rights (ex-dividend) record date: July 31, 2024. Payment date of cash dividend distribution: August 21, 2024.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.51 (vs NT$0.015 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.51 (up from NT$0.015 loss in 1Q 2023). Revenue: NT$861.4m (up 14% from 1Q 2023). Net income: NT$52.6m (up NT$54.1m from 1Q 2023). Profit margin: 6.1% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.
お知らせ • May 10Tex Year Industries Inc. to Report Q1, 2024 Results on May 13, 2024Tex Year Industries Inc. announced that they will report Q1, 2024 results on May 13, 2024
New Risk • Apr 11New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.67b market cap, or US$51.8m).
分析記事 • Apr 05We Think You Should Be Aware Of Some Concerning Factors In Tex Year Industries' (TWSE:4720) EarningsThe recent earnings posted by Tex Year Industries Inc. ( TWSE:4720 ) were solid, but the stock didn't move as much as...
Reported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$0.74 (vs NT$0.20 in FY 2022)Full year 2023 results: EPS: NT$0.74 (up from NT$0.20 in FY 2022). Revenue: NT$3.31b (down 9.4% from FY 2022). Net income: NT$76.5m (up 278% from FY 2022). Profit margin: 2.3% (up from 0.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 19% 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 16Tex Year Industries Inc., Annual General Meeting, Jun 24, 2024Tex Year Industries Inc., Annual General Meeting, Jun 24, 2024. Location: 4F,No. 9, Wuquan 6th Rd. Wugu Dist., New Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's review of the 2023 annual final accounting books and statements; to consider Report of 2023 Employees and Directors Compensation; to consider Report on the Implementation of Domestic Convertible Bonds Issued in 2019; to consider Amendment to Rules and Procedures of Board of Directors Meetings; to consider the report on the 2023 cash dividend distribution; and to consider other related matters.
New Risk • Mar 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.81b market cap, or US$57.3m).
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$17.15, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 23x in the Chemicals industry in Taiwan. Total returns to shareholders of 16% over the past three years.
New Risk • Nov 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 112% 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 Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.57b market cap, or US$49.7m).
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.14 (vs NT$0.02 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.14 (up from NT$0.02 loss in 2Q 2022). Revenue: NT$833.3m (down 12% from 2Q 2022). Net income: NT$14.0m (up NT$16.1m from 2Q 2022). Profit margin: 1.7% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 27Upcoming dividend of NT$0.20 per share at 1.4% yieldEligible shareholders must have bought the stock before 03 August 2023. Payment date: 30 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.7%).
お知らせ • Jul 07Tex Year Industries Inc. Announces Dividend, Payable on August 30, 2023Tex Year Industries Inc. announced dividend TWD 20,751,252 in total; TWD 0.2 per share. Ex-rights (ex-dividend) trading date: August 8, 2023. Ex-rights (ex-dividend) record date: August 9, 2023. Payment date of cash dividend distribution: August 30, 2023.
Reported Earnings • Apr 06Full year 2022 earnings released: EPS: NT$0.20 (vs NT$0.30 in FY 2021)Full year 2022 results: EPS: NT$0.20 (down from NT$0.30 in FY 2021). Revenue: NT$3.66b (up 3.0% from FY 2021). Net income: NT$20.2m (down 30% from FY 2021). Profit margin: 0.6% (down from 0.8% in FY 2021). 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 increased by 7% per year, which means it is well ahead of earnings.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Wen-Pin Weng was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$16.95, the stock trades at a trailing P/E ratio of 63.7x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 31% over the past three years.
Reported Earnings • Aug 16Second quarter 2022 earnings released: NT$0.02 loss per share (vs NT$0.025 profit in 2Q 2021)Second quarter 2022 results: NT$0.02 loss per share (down from NT$0.025 profit in 2Q 2021). Revenue: NT$946.6m (up 9.9% from 2Q 2021). Net loss: NT$2.08m (down 184% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 25Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 01 August 2022. Payment date: 02 September 2022. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (8.1%).
お知らせ • Jun 29+ 3 more updatesTex Year Industries Inc. Announces Appointment of 2nd Corporate Sustainability CommitteeTex Year Industries Inc. appointed Tsai-Wei Tseng, Shu Chuan Lin as members of Corporate Sustainability Committee. Tsai-Wei Tseng is GM of JPT Corporation and Shu Chuan Lin is Senior Partner of Dentons Taiwan. Members of 2nd Corporate Sustainability Committee are Donald Hsiao, Chung-Ping Wang, Tsai-Wei Tseng, Wen-Pin Weng, Shu Chuan Lin. Effective date of the new member is June 27, 2022.
Reported Earnings • May 17First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: NT$0.09 (up from NT$0.065 in 1Q 2021). Revenue: NT$871.5m (up 4.8% from 1Q 2021). Net income: NT$9.33m (up 50% from 1Q 2021). Profit margin: 1.1% (up from 0.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates by 60%. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Wen-Pin Weng was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 03Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: NT$0.30 (down from NT$0.74 in FY 2020). Revenue: NT$3.55b (up 12% from FY 2020). Net income: NT$28.9m (down 59% from FY 2020). Profit margin: 0.8% (down from 2.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates by 60%. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$17.40, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 19x in the Chemicals industry in Taiwan. Total returns to shareholders of 39% over the past three years.
Valuation Update With 7 Day Price Move • Jan 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$17.80, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 19x in the Chemicals industry in Taiwan. Total returns to shareholders of 41% over the past three years.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.40 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$879.6m (up 3.2% from 3Q 2020). Net income: NT$6.68m (down 82% from 3Q 2020). Profit margin: 0.8% (down from 4.4% 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 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 12Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Wen-Pin Weng was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 13Tex Year Vietnam Co., Ltd. Suspends Operation Till August 22Tex Year Industries Inc. announcement on behalf of subsidiary Tex Year Vietnam Co. Ltd.of complying with local government's pandemic precautions to suspend operation. The Company complied with local government's pandemic precautions to suspend operation till August 22.
Reported Earnings • May 18First quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.13 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$831.8m (up 36% from 1Q 2020). Net income: NT$6.23m (up NT$17.6m from 1Q 2020). Profit margin: 0.7% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to NT$14.15, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 4.2% over the past three years.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$18.80, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total returns to shareholders of 32% over the past three years.
分析記事 • Apr 05Tex Year Industries (TPE:4720) May Have Issues Allocating Its CapitalFinding 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 • Apr 01Full year 2020 earnings released: EPS NT$0.78 (vs NT$0.50 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$3.16b (down 2.2% from FY 2019). Net income: NT$69.7m (up 58% from FY 2019). Profit margin: 2.2% (up from 1.4% 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 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 18If You Had Bought Tex Year Industries (TPE:4720) Shares A Year Ago You'd Have Earned 49% ReturnsWe believe investing is smart because history shows that stock markets go higher in the long term. But if when you...
分析記事 • Feb 28Is Tex Year Industries (TPE:4720) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Feb 09Can Tex Year Industries Inc.'s (TPE:4720) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?Tex Year Industries' (TPE:4720) stock is up by a considerable 11% over the past three months. However, in this article...
分析記事 • Jan 19Is Tex Year Industries Inc. (TPE:4720) A Smart Pick For Income Investors?Could Tex Year Industries Inc. ( TPE:4720 ) be an attractive dividend share to own for the long haul? Investors are...
分析記事 • Dec 31Has Tex Year Industries (TPE:4720) Got What It Takes To Become A Multi-Bagger?If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
お知らせ • Nov 14Tex Year Industries Inc. Appoints Yuchen Yao/Chairman Office Manager as Corporate Governance OfficerTex Year Industries Inc. announced the appointment of Ms. Yuchen Yao/Chairman Office Manager as corporate governance officer. Date of change is November 13, 2020.
お知らせ • Oct 01+ 3 more updatesTex Year Industries Inc. Provides Update on Operation Resumption At Guanyin Plant in TaoyuanTex Year Industries Inc. announced that its Guanyin Plant in Taoyuan did not update the stationary pollution source operating permit in time. On December 17, 2019, a letter from the Environmental Protection Bureau of Taoyuan City Government ordered some production lines of Tex Year's Guanyin Plant in Guanyin to suspend the operation. Letter from the Bureau states that an updated stationary pollution source operating permit is issued, and the work can be resumed. The Company quickly obtained a pollution source operating permit, which made the period of actual shutdown in the Guanyin Plant shortened to 12 working days. During the shutdown, no production shortage was caused within the Group, nor was shipment impacted or material loss incurred.