ReaLy Development & Construction（2596）株式概要ReaLy Development & Construction Corp.は台湾で不動産開発活動を行っている。 詳細2596 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績4/6財務の健全性3/6配当金2/6報酬株価収益率（ 17.8 x） TW市場（ 22.5 x）を下回っています。過去1年間で収益は28.8%増加しました リスク分析負債は営業キャッシュフローで十分にカバーされていない 過去5年間で収益は年間13.6%減少しました。 3.5%の配当はフリーキャッシュフローで十分にカバーされていない 意味のある時価総額がありません ( NT$3B )すべてのリスクチェックを見る2596 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$28.6012.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-19m2b2016201920222025202620282031Revenue NT$988.8mEarnings NT$147.6mAdvancedSet Fair ValueView all narrativesReaLy Development & Construction Corp. 競合他社WE & WIN DevelopmentSymbol: TWSE:2537Market cap: NT$2.9bHung Ching Development & ConstructionSymbol: TWSE:2527Market cap: NT$8.8bFabulous Global HoldingSymbol: TPEX:7798Market cap: NT$5.0bHuang Hsiang ConstructionSymbol: TWSE:2545Market cap: NT$14.0b価格と性能株価の高値、安値、推移の概要ReaLy Development & Construction過去の株価現在の株価NT$28.6052週高値NT$39.9052週安値NT$28.20ベータ-0.271ヶ月の変化-4.35%3ヶ月変化n/a1年変化-26.38%3年間の変化25.44%5年間の変化35.87%IPOからの変化135.12%最新ニュースお知らせ • Mar 12ReaLy Development & Construction Corp., Annual General Meeting, Jun 24, 2026ReaLy Development & Construction Corp., Annual General Meeting, Jun 24, 2026. Location: 3 floor no,99, shih min ta tao, taipei city TaiwanNew Risk • Mar 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (186% cash payout ratio). Market cap is less than US$100m (NT$3.17b market cap, or US$99.4m).New Risk • Nov 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (186% cash payout ratio). Market cap is less than US$100m (NT$3.06b market cap, or US$97.4m).Reported Earnings • Nov 19Third quarter 2025 earnings released: NT$0.10 loss per share (vs NT$0.048 loss in 3Q 2024)Third quarter 2025 results: NT$0.10 loss per share (further deteriorated from NT$0.048 loss in 3Q 2024). Revenue: NT$74.8m (down 26% from 3Q 2024). Net loss: NT$10.3m (loss widened 115% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.New Risk • Oct 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.00b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.00b market cap, or US$98.3m).New Risk • Aug 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.最新情報をもっと見るRecent updatesお知らせ • Mar 12ReaLy Development & Construction Corp., Annual General Meeting, Jun 24, 2026ReaLy Development & Construction Corp., Annual General Meeting, Jun 24, 2026. Location: 3 floor no,99, shih min ta tao, taipei city TaiwanNew Risk • Mar 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (186% cash payout ratio). Market cap is less than US$100m (NT$3.17b market cap, or US$99.4m).New Risk • Nov 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (186% cash payout ratio). Market cap is less than US$100m (NT$3.06b market cap, or US$97.4m).Reported Earnings • Nov 19Third quarter 2025 earnings released: NT$0.10 loss per share (vs NT$0.048 loss in 3Q 2024)Third quarter 2025 results: NT$0.10 loss per share (further deteriorated from NT$0.048 loss in 3Q 2024). Revenue: NT$74.8m (down 26% from 3Q 2024). Net loss: NT$10.3m (loss widened 115% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.New Risk • Oct 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.00b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.00b market cap, or US$98.3m).New Risk • Aug 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.68 (vs NT$0.15 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.68 (up from NT$0.15 loss in 2Q 2024). Revenue: NT$476.6m (up 456% from 2Q 2024). Net income: NT$68.5m (up NT$83.9m from 2Q 2024). Profit margin: 14% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.New Risk • Jul 31New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$2.99b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 19% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.99b market cap, or US$99.8m).Declared Dividend • Jul 16Dividend of NT$1.00 announcedDividend of NT$1.00 is the same as last year. Ex-date: 30th July 2025 Payment date: 28th August 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (377% earnings payout ratio) and 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 grow by 319% to bring the payout ratio under control, which is more than the 19% EPS growth achieved over the last 5 years.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.46 (vs NT$0.12 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.46 (up from NT$0.12 loss in 1Q 2024). Revenue: NT$354.6m (up 260% from 1Q 2024). Net income: NT$46.0m (up NT$57.5m from 1Q 2024). Profit margin: 13% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.お知らせ • Apr 30ReaLy Development & Construction Corp. to Report Q1, 2025 Results on May 07, 2025ReaLy Development & Construction Corp. announced that they will report Q1, 2025 results on May 07, 2025New Risk • Apr 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.16b (US$95.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 377% Paying a dividend despite having no free cash flows. Earnings have declined by 16% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.16b market cap, or US$95.6m).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$31.65, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 66% over the past three years.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.67 (vs NT$0.82 in FY 2023)Full year 2024 results: EPS: NT$0.67 (down from NT$0.82 in FY 2023). Revenue: NT$813.0m (down 11% from FY 2023). Net income: NT$67.0m (down 19% from FY 2023). Profit margin: 8.2% (down from 9.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.お知らせ • Mar 14ReaLy Development & Construction Corp., Annual General Meeting, Jun 25, 2025ReaLy Development & Construction Corp., Annual General Meeting, Jun 25, 2025. Location: 3 floor no,99, shih min ta tao, taipei city TaiwanNew Risk • Nov 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 373% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio).Reported Earnings • Nov 17Third quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.48 profit in 3Q 2023)Third quarter 2024 results: NT$0.05 loss per share (down from NT$0.48 profit in 3Q 2023). Revenue: NT$101.2m (down 78% from 3Q 2023). Net loss: NT$4.76m (down 110% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.お知らせ • Oct 30ReaLy Development & Construction Corp. to Report Q3, 2024 Results on Nov 06, 2024ReaLy Development & Construction Corp. announced that they will report Q3, 2024 results on Nov 06, 2024Reported Earnings • Aug 10Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: NT$85.7m (up 65% from 2Q 2023). Net loss: NT$15.4m (loss widened 32% from 2Q 2023).Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$42.25, the stock trades at a trailing P/E ratio of 50.8x. Average trailing P/E is 20x in the Real Estate industry in Taiwan. Total returns to shareholders of 117% over the past three years.New Risk • Aug 05New 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 6.8% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change).お知らせ • Jul 31ReaLy Development & Construction Corp. to Report Q2, 2024 Results on Aug 07, 2024ReaLy Development & Construction Corp. announced that they will report Q2, 2024 results on Aug 07, 2024Upcoming Dividend • Jul 23Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 30 July 2024. Payment date: 26 August 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.6%).Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$46.05, the stock trades at a trailing P/E ratio of 55.4x. Average trailing P/E is 21x in the Real Estate industry in Taiwan. Total returns to shareholders of 139% over the past three years.Reported Earnings • May 12First quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.12 loss in 1Q 2023)First quarter 2024 results: NT$0.11 loss per share (improved from NT$0.12 loss in 1Q 2023). Revenue: NT$98.6m (up 99% from 1Q 2023). Net loss: NT$11.5m (loss narrowed 7.1% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.お知らせ • May 02ReaLy Development & Construction Corp. to Report Q1, 2024 Results on May 08, 2024ReaLy Development & Construction Corp. announced that they will report Q1, 2024 results on May 08, 2024お知らせ • Mar 08ReaLy Development & Construction Corp., Annual General Meeting, Jun 26, 2024ReaLy Development & Construction Corp., Annual General Meeting, Jun 26, 2024.Reported Earnings • Aug 09Second quarter 2023 earnings released: NT$0.12 loss per share (vs NT$0.15 loss in 2Q 2022)Second quarter 2023 results: NT$0.12 loss per share (improved from NT$0.15 loss in 2Q 2022). Net loss: NT$11.7m (loss narrowed 21% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Upcoming Dividend • Jul 26Upcoming dividend of NT$1.00 per share at 4.6% yieldEligible shareholders must have bought the stock before 02 August 2023. Payment date: 28 August 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). In line with average of industry peers (4.6%).New Risk • Jul 24New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.5% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 17% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.22b market cap, or US$70.7m).Reported Earnings • May 14First quarter 2023 earnings released: NT$0.12 loss per share (vs NT$0.65 profit in 1Q 2022)First quarter 2023 results: NT$0.12 loss per share (down from NT$0.65 profit in 1Q 2022). Net loss: NT$12.4m (down 119% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.Reported Earnings • Mar 17Full year 2022 earnings released: EPS: NT$0.58 (vs NT$3.05 in FY 2021)Full year 2022 results: EPS: NT$0.58 (down from NT$3.05 in FY 2021). Revenue: NT$412.7m (down 72% from FY 2021). Net income: NT$58.3m (down 81% from FY 2021). Profit margin: 14% (down from 21% in FY 2021). The decrease in margin was driven by lower revenue. 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 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 07Third quarter 2022 earnings released: EPS: NT$0.10 (vs NT$1.47 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.10 (down from NT$1.47 in 3Q 2021). Revenue: NT$38.5m (down 94% from 3Q 2021). Net income: NT$10.5m (down 93% from 3Q 2021). Profit margin: 27% (up from 24% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 07Second quarter 2022 earnings released: NT$0.15 loss per share (vs NT$0.58 profit in 2Q 2021)Second quarter 2022 results: NT$0.15 loss per share (down from NT$0.58 profit in 2Q 2021). Revenue: NT$13.7m (down 96% from 2Q 2021). Net loss: NT$14.9m (down 126% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 25Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 01 August 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (6.3%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.65 (vs NT$0.11 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.65 (up from NT$0.11 loss in 1Q 2021). Revenue: NT$265.2m (up NT$262.8m from 1Q 2021). Net income: NT$64.8m (up NT$76.2m from 1Q 2021). Profit margin: 24% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 30Full year 2021 earnings released: EPS: NT$3.05 (vs NT$1.45 in FY 2020)Full year 2021 results: EPS: NT$3.05 (up from NT$1.45 in FY 2020). Revenue: NT$1.48b (up 37% from FY 2020). Net income: NT$304.7m (up 110% from FY 2020). Profit margin: 21% (up from 14% in FY 2020). The increase in margin 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 fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Feb 26ReaLy Development & Construction Corp., Annual General Meeting, Jun 15, 2022ReaLy Development & Construction Corp., Annual General Meeting, Jun 15, 2022.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS NT$1.47 (vs NT$0.68 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$609.6m (up 46% from 3Q 2020). Net income: NT$146.6m (up 116% from 3Q 2020). Profit margin: 24% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 19Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 17 September 2021. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.8%).Reported Earnings • May 11First quarter 2021 earnings released: NT$0.11 loss per share (vs NT$0.039 loss in 1Q 2020)The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: NT$2.46m (down 95% from 1Q 2020). Net loss: NT$11.4m (loss widened 190% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.分析記事 • Mar 28Should ReaLy Development & Construction Corp. (GTSM:2596) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at ReaLy Development & Construction Corp. ( GTSM:2596 ) from a dividend investor's...Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$1.45 (vs NT$0.41 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.08b (up 226% from FY 2019). Net income: NT$145.4m (up 251% from FY 2019). Profit margin: 14% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.分析記事 • Mar 07Shareholders Of ReaLy Development & Construction (GTSM:2596) Must Be Happy With Their 151% Total ReturnWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore...お知らせ • Mar 03ReaLy Development & Construction Corp., Annual General Meeting, Jun 16, 2021ReaLy Development & Construction Corp., Annual General Meeting, Jun 16, 2021.Is New 90 Day High Low • Jan 28New 90-day low: NT$19.80The company is down 6.0% from its price of NT$21.10 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 1.0% over the same period.分析記事 • Jan 13Are Poor Financial Prospects Dragging Down ReaLy Development & Construction Corp. (GTSM:2596 Stock?With its stock down 2.1% over the past three months, it is easy to disregard ReaLy Development & Construction...Is New 90 Day High Low • Jan 12New 90-day low: NT$20.95The company is down 2.0% from its price of NT$21.45 on 15 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period.分析記事 • Dec 17Looking For Steady Income For Your Dividend Portfolio? Is ReaLy Development & Construction Corp. (GTSM:2596) A Good Fit?Could ReaLy Development & Construction Corp. ( GTSM:2596 ) be an attractive dividend share to own for the long haul...分析記事 • Nov 21Shareholders Of ReaLy Development & Construction (GTSM:2596) Must Be Happy With Their 165% Total ReturnWhen we invest, we're generally looking for stocks that outperform the market average. And while active stock picking...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.68The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$416.2m (up NT$414.3m from 3Q 2019). Net income: NT$67.9m (up NT$79.9m from 3Q 2019). Profit margin: 16% (up from net loss in 3Q 2019). 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 increased by 9% per year, which means it is well ahead of earnings.株主還元2596TW Real EstateTW 市場7D0.2%-0.7%2.6%1Y-26.4%-20.9%94.7%株主還元を見る業界別リターン: 2596過去 1 年間で-20.9 % の収益を上げたTW Real Estate業界を下回りました。リターン対市場: 2596は、過去 1 年間で94.7 % のリターンを上げたTW市場を下回りました。価格変動Is 2596's price volatile compared to industry and market?2596 volatility2596 Average Weekly Movement2.9%Real Estate Industry Average Movement3.3%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 2596 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 2596の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2001n/aTeng-Chen Hsuwww.realycorp.com.twReaLy Development & Construction Corp.は台湾で不動産開発活動を行っている。住宅、ビル、工場、専門分野の開発、賃貸、販売、公共建築物への投資、建設、不動産仲介を手がける。同社は1990年に設立され、台湾の台北に本社を置いている。もっと見るReaLy Development & Construction Corp. 基礎のまとめReaLy Development & Construction の収益と売上を時価総額と比較するとどうか。2596 基礎統計学時価総額NT$2.86b収益（TTM）NT$160.36m売上高(TTM)NT$1.07b17.8xPER（株価収益率2.7xP/Sレシオ2596 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2596 損益計算書（TTM）収益NT$1.07b売上原価NT$775.11m売上総利益NT$299.25mその他の費用NT$138.89m収益NT$160.36m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）1.60グロス・マージン27.85%純利益率14.93%有利子負債／自己資本比率75.7%2596 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.5%現在の配当利回り49%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 21:42終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋ReaLy Development & Construction Corp. 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。0
お知らせ • Mar 12ReaLy Development & Construction Corp., Annual General Meeting, Jun 24, 2026ReaLy Development & Construction Corp., Annual General Meeting, Jun 24, 2026. Location: 3 floor no,99, shih min ta tao, taipei city Taiwan
New Risk • Mar 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (186% cash payout ratio). Market cap is less than US$100m (NT$3.17b market cap, or US$99.4m).
New Risk • Nov 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (186% cash payout ratio). Market cap is less than US$100m (NT$3.06b market cap, or US$97.4m).
Reported Earnings • Nov 19Third quarter 2025 earnings released: NT$0.10 loss per share (vs NT$0.048 loss in 3Q 2024)Third quarter 2025 results: NT$0.10 loss per share (further deteriorated from NT$0.048 loss in 3Q 2024). Revenue: NT$74.8m (down 26% from 3Q 2024). Net loss: NT$10.3m (loss widened 115% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.00b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.00b market cap, or US$98.3m).
New Risk • Aug 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Mar 12ReaLy Development & Construction Corp., Annual General Meeting, Jun 24, 2026ReaLy Development & Construction Corp., Annual General Meeting, Jun 24, 2026. Location: 3 floor no,99, shih min ta tao, taipei city Taiwan
New Risk • Mar 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (186% cash payout ratio). Market cap is less than US$100m (NT$3.17b market cap, or US$99.4m).
New Risk • Nov 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (186% cash payout ratio). Market cap is less than US$100m (NT$3.06b market cap, or US$97.4m).
Reported Earnings • Nov 19Third quarter 2025 earnings released: NT$0.10 loss per share (vs NT$0.048 loss in 3Q 2024)Third quarter 2025 results: NT$0.10 loss per share (further deteriorated from NT$0.048 loss in 3Q 2024). Revenue: NT$74.8m (down 26% from 3Q 2024). Net loss: NT$10.3m (loss widened 115% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.00b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.00b market cap, or US$98.3m).
New Risk • Aug 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.68 (vs NT$0.15 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.68 (up from NT$0.15 loss in 2Q 2024). Revenue: NT$476.6m (up 456% from 2Q 2024). Net income: NT$68.5m (up NT$83.9m from 2Q 2024). Profit margin: 14% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
New Risk • Jul 31New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$2.99b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 19% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.99b market cap, or US$99.8m).
Declared Dividend • Jul 16Dividend of NT$1.00 announcedDividend of NT$1.00 is the same as last year. Ex-date: 30th July 2025 Payment date: 28th August 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (377% earnings payout ratio) and 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 grow by 319% to bring the payout ratio under control, which is more than the 19% EPS growth achieved over the last 5 years.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.46 (vs NT$0.12 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.46 (up from NT$0.12 loss in 1Q 2024). Revenue: NT$354.6m (up 260% from 1Q 2024). Net income: NT$46.0m (up NT$57.5m from 1Q 2024). Profit margin: 13% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
お知らせ • Apr 30ReaLy Development & Construction Corp. to Report Q1, 2025 Results on May 07, 2025ReaLy Development & Construction Corp. announced that they will report Q1, 2025 results on May 07, 2025
New Risk • Apr 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.16b (US$95.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 377% Paying a dividend despite having no free cash flows. Earnings have declined by 16% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.16b market cap, or US$95.6m).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$31.65, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 66% over the past three years.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.67 (vs NT$0.82 in FY 2023)Full year 2024 results: EPS: NT$0.67 (down from NT$0.82 in FY 2023). Revenue: NT$813.0m (down 11% from FY 2023). Net income: NT$67.0m (down 19% from FY 2023). Profit margin: 8.2% (down from 9.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 14ReaLy Development & Construction Corp., Annual General Meeting, Jun 25, 2025ReaLy Development & Construction Corp., Annual General Meeting, Jun 25, 2025. Location: 3 floor no,99, shih min ta tao, taipei city Taiwan
New Risk • Nov 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 373% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio).
Reported Earnings • Nov 17Third quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.48 profit in 3Q 2023)Third quarter 2024 results: NT$0.05 loss per share (down from NT$0.48 profit in 3Q 2023). Revenue: NT$101.2m (down 78% from 3Q 2023). Net loss: NT$4.76m (down 110% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 30ReaLy Development & Construction Corp. to Report Q3, 2024 Results on Nov 06, 2024ReaLy Development & Construction Corp. announced that they will report Q3, 2024 results on Nov 06, 2024
Reported Earnings • Aug 10Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: NT$85.7m (up 65% from 2Q 2023). Net loss: NT$15.4m (loss widened 32% from 2Q 2023).
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$42.25, the stock trades at a trailing P/E ratio of 50.8x. Average trailing P/E is 20x in the Real Estate industry in Taiwan. Total returns to shareholders of 117% over the past three years.
New Risk • Aug 05New 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 6.8% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change).
お知らせ • Jul 31ReaLy Development & Construction Corp. to Report Q2, 2024 Results on Aug 07, 2024ReaLy Development & Construction Corp. announced that they will report Q2, 2024 results on Aug 07, 2024
Upcoming Dividend • Jul 23Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 30 July 2024. Payment date: 26 August 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.6%).
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$46.05, the stock trades at a trailing P/E ratio of 55.4x. Average trailing P/E is 21x in the Real Estate industry in Taiwan. Total returns to shareholders of 139% over the past three years.
Reported Earnings • May 12First quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.12 loss in 1Q 2023)First quarter 2024 results: NT$0.11 loss per share (improved from NT$0.12 loss in 1Q 2023). Revenue: NT$98.6m (up 99% from 1Q 2023). Net loss: NT$11.5m (loss narrowed 7.1% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
お知らせ • May 02ReaLy Development & Construction Corp. to Report Q1, 2024 Results on May 08, 2024ReaLy Development & Construction Corp. announced that they will report Q1, 2024 results on May 08, 2024
お知らせ • Mar 08ReaLy Development & Construction Corp., Annual General Meeting, Jun 26, 2024ReaLy Development & Construction Corp., Annual General Meeting, Jun 26, 2024.
Reported Earnings • Aug 09Second quarter 2023 earnings released: NT$0.12 loss per share (vs NT$0.15 loss in 2Q 2022)Second quarter 2023 results: NT$0.12 loss per share (improved from NT$0.15 loss in 2Q 2022). Net loss: NT$11.7m (loss narrowed 21% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Upcoming Dividend • Jul 26Upcoming dividend of NT$1.00 per share at 4.6% yieldEligible shareholders must have bought the stock before 02 August 2023. Payment date: 28 August 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). In line with average of industry peers (4.6%).
New Risk • Jul 24New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.5% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 17% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.22b market cap, or US$70.7m).
Reported Earnings • May 14First quarter 2023 earnings released: NT$0.12 loss per share (vs NT$0.65 profit in 1Q 2022)First quarter 2023 results: NT$0.12 loss per share (down from NT$0.65 profit in 1Q 2022). Net loss: NT$12.4m (down 119% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.
Reported Earnings • Mar 17Full year 2022 earnings released: EPS: NT$0.58 (vs NT$3.05 in FY 2021)Full year 2022 results: EPS: NT$0.58 (down from NT$3.05 in FY 2021). Revenue: NT$412.7m (down 72% from FY 2021). Net income: NT$58.3m (down 81% from FY 2021). Profit margin: 14% (down from 21% in FY 2021). The decrease in margin was driven by lower revenue. 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 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 07Third quarter 2022 earnings released: EPS: NT$0.10 (vs NT$1.47 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.10 (down from NT$1.47 in 3Q 2021). Revenue: NT$38.5m (down 94% from 3Q 2021). Net income: NT$10.5m (down 93% from 3Q 2021). Profit margin: 27% (up from 24% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 07Second quarter 2022 earnings released: NT$0.15 loss per share (vs NT$0.58 profit in 2Q 2021)Second quarter 2022 results: NT$0.15 loss per share (down from NT$0.58 profit in 2Q 2021). Revenue: NT$13.7m (down 96% from 2Q 2021). Net loss: NT$14.9m (down 126% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 25Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 01 August 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (6.3%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.65 (vs NT$0.11 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.65 (up from NT$0.11 loss in 1Q 2021). Revenue: NT$265.2m (up NT$262.8m from 1Q 2021). Net income: NT$64.8m (up NT$76.2m from 1Q 2021). Profit margin: 24% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 30Full year 2021 earnings released: EPS: NT$3.05 (vs NT$1.45 in FY 2020)Full year 2021 results: EPS: NT$3.05 (up from NT$1.45 in FY 2020). Revenue: NT$1.48b (up 37% from FY 2020). Net income: NT$304.7m (up 110% from FY 2020). Profit margin: 21% (up from 14% in FY 2020). The increase in margin 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 fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Feb 26ReaLy Development & Construction Corp., Annual General Meeting, Jun 15, 2022ReaLy Development & Construction Corp., Annual General Meeting, Jun 15, 2022.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS NT$1.47 (vs NT$0.68 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$609.6m (up 46% from 3Q 2020). Net income: NT$146.6m (up 116% from 3Q 2020). Profit margin: 24% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 19Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 17 September 2021. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.8%).
Reported Earnings • May 11First quarter 2021 earnings released: NT$0.11 loss per share (vs NT$0.039 loss in 1Q 2020)The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: NT$2.46m (down 95% from 1Q 2020). Net loss: NT$11.4m (loss widened 190% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
分析記事 • Mar 28Should ReaLy Development & Construction Corp. (GTSM:2596) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at ReaLy Development & Construction Corp. ( GTSM:2596 ) from a dividend investor's...
Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$1.45 (vs NT$0.41 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.08b (up 226% from FY 2019). Net income: NT$145.4m (up 251% from FY 2019). Profit margin: 14% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
分析記事 • Mar 07Shareholders Of ReaLy Development & Construction (GTSM:2596) Must Be Happy With Their 151% Total ReturnWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore...
お知らせ • Mar 03ReaLy Development & Construction Corp., Annual General Meeting, Jun 16, 2021ReaLy Development & Construction Corp., Annual General Meeting, Jun 16, 2021.
Is New 90 Day High Low • Jan 28New 90-day low: NT$19.80The company is down 6.0% from its price of NT$21.10 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 1.0% over the same period.
分析記事 • Jan 13Are Poor Financial Prospects Dragging Down ReaLy Development & Construction Corp. (GTSM:2596 Stock?With its stock down 2.1% over the past three months, it is easy to disregard ReaLy Development & Construction...
Is New 90 Day High Low • Jan 12New 90-day low: NT$20.95The company is down 2.0% from its price of NT$21.45 on 15 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period.
分析記事 • Dec 17Looking For Steady Income For Your Dividend Portfolio? Is ReaLy Development & Construction Corp. (GTSM:2596) A Good Fit?Could ReaLy Development & Construction Corp. ( GTSM:2596 ) be an attractive dividend share to own for the long haul...
分析記事 • Nov 21Shareholders Of ReaLy Development & Construction (GTSM:2596) Must Be Happy With Their 165% Total ReturnWhen we invest, we're generally looking for stocks that outperform the market average. And while active stock picking...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.68The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$416.2m (up NT$414.3m from 3Q 2019). Net income: NT$67.9m (up NT$79.9m from 3Q 2019). Profit margin: 16% (up from net loss in 3Q 2019). 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 increased by 9% per year, which means it is well ahead of earnings.
