View Future GrowthDa-Li DevelopmentLtd 過去の業績過去 基準チェック /56Da-Li DevelopmentLtdは、平均年間20.9%の収益成長を遂げていますが、 Real Estate業界の収益は、年間 成長しています。収益は、平均年間10.2% 12.9%収益成長率で 成長しています。 Da-Li DevelopmentLtdの自己資本利益率は27.3%であり、純利益率は25.6%です。主要情報20.86%収益成長率20.02%EPS成長率Real Estate 業界の成長6.00%収益成長率12.93%株主資本利益率27.28%ネット・マージン25.60%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 13First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$3.00 (up from NT$0.14 loss in 1Q 2025). Revenue: NT$4.84b (up NT$4.26b from 1Q 2025). Net income: NT$1.67b (up NT$1.73b from 1Q 2025). Profit margin: 34% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 43%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Real Estate industry in Taiwan. 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 19% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 17Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$3.84 (down from NT$4.78 in FY 2024). Revenue: NT$9.53b (down 23% from FY 2024). Net income: NT$1.80b (down 16% from FY 2024). Profit margin: 19% (up from 17% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 20% per year.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$0.02 (vs NT$0.026 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.02 (down from NT$0.026 in 3Q 2024). Revenue: NT$1.67b (up 193% from 3Q 2024). Net income: NT$7.52m (down 36% from 3Q 2024). Profit margin: 0.5% (down from 2.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 61% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 07Second quarter 2025 earnings released: NT$0.098 loss per share (vs NT$0.77 profit in 2Q 2024)Second quarter 2025 results: NT$0.098 loss per share (down from NT$0.77 profit in 2Q 2024). Revenue: NT$494.9m (down 89% from 2Q 2024). Net loss: NT$44.8m (down 113% from profit in 2Q 2024). Revenue is forecast to grow 83% p.a. on average during the next 2 years, compared to a 58% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jul 04First quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.042 profit in 1Q 2024)First quarter 2025 results: NT$0.15 loss per share (down from NT$0.042 profit in 1Q 2024). Revenue: NT$587.5m (up 16% from 1Q 2024). Net loss: NT$64.5m (down 458% from profit in 1Q 2024). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 09First quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.042 profit in 1Q 2024)First quarter 2025 results: NT$0.15 loss per share (down from NT$0.042 profit in 1Q 2024). Revenue: NT$587.5m (up 16% from 1Q 2024). Net loss: NT$64.5m (down 458% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.すべての更新を表示Recent updatesReported Earnings • May 13First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$3.00 (up from NT$0.14 loss in 1Q 2025). Revenue: NT$4.84b (up NT$4.26b from 1Q 2025). Net income: NT$1.67b (up NT$1.73b from 1Q 2025). Profit margin: 34% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 43%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Real Estate industry in Taiwan. 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 19% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 17Da-Li Development Co.,Ltd., Annual General Meeting, Jun 16, 2026Da-Li Development Co.,Ltd., Annual General Meeting, Jun 16, 2026. Location: 11 floor no,350, sung chiang rd., jhongshan district, taipei city TaiwanReported Earnings • Mar 17Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$3.84 (down from NT$4.78 in FY 2024). Revenue: NT$9.53b (down 23% from FY 2024). Net income: NT$1.80b (down 16% from FY 2024). Profit margin: 19% (up from 17% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 20% per year.Price Target Changed • Jan 20Price target increased by 7.5% to NT$63.33Up from NT$58.92, the current price target is an average from 3 analysts. New target price is 25% above last closing price of NT$50.60. Stock is up 26% over the past year. The company is forecast to post earnings per share of NT$3.36 for next year compared to NT$4.78 last year.Major Estimate Revision • Dec 24Consensus revenue estimates increase by 41%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$5.81b to NT$8.18b. Now expected to report a profit of NT$3.42 instead of losses of -NT$0.18 per share. Real Estate industry in Taiwan expected to see average net income growth of 88% next year. Consensus price target of NT$58.92 unchanged from last update. Share price rose 7.8% to NT$52.40 over the past week.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$0.02 (vs NT$0.026 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.02 (down from NT$0.026 in 3Q 2024). Revenue: NT$1.67b (up 193% from 3Q 2024). Net income: NT$7.52m (down 36% from 3Q 2024). Profit margin: 0.5% (down from 2.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 61% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Sep 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 91% The company is paying a dividend despite having no free cash flows. Dividend yield: 6.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. High level of non-cash earnings (32% accrual ratio).Valuation Update With 7 Day Price Move • Sep 05Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$50.80, the stock trades at a trailing P/E ratio of 14.3x. Average forward P/E is 13x in the Real Estate industry in Taiwan. Total returns to shareholders of 147% over the past three years.Buy Or Sell Opportunity • Sep 04Now 25% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$48.30. The fair value is estimated to be NT$38.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 13%.Reported Earnings • Aug 07Second quarter 2025 earnings released: NT$0.098 loss per share (vs NT$0.77 profit in 2Q 2024)Second quarter 2025 results: NT$0.098 loss per share (down from NT$0.77 profit in 2Q 2024). Revenue: NT$494.9m (down 89% from 2Q 2024). Net loss: NT$44.8m (down 113% from profit in 2Q 2024). Revenue is forecast to grow 83% p.a. on average during the next 2 years, compared to a 58% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jul 29Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 05 August 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.0%).Declared Dividend • Jul 05Dividend of NT$3.50 announcedShareholders will receive a dividend of NT$3.50. Ex-date: 5th August 2025 Payment date: 5th September 2025 Dividend yield will be 7.2%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (64% 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 increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 04First quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.042 profit in 1Q 2024)First quarter 2025 results: NT$0.15 loss per share (down from NT$0.042 profit in 1Q 2024). Revenue: NT$587.5m (up 16% from 1Q 2024). Net loss: NT$64.5m (down 458% from profit in 1Q 2024). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jun 13Da-Li Development Co.,Ltd. Announces the Election of Yang, Chia-Hsing as Independent Director, Effective June 12, 2025Da-Li Development Co.,Ltd. announced the election of Yang, Chia-Hsing as Independent director, effective June 12, 2025.Buy Or Sell Opportunity • Jun 10Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to NT$51.30. The fair value is estimated to be NT$42.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 7.3%.Buy Or Sell Opportunity • May 21Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to NT$52.40. The fair value is estimated to be NT$43.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 7.3%.New Risk • May 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% 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). High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 09First quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.042 profit in 1Q 2024)First quarter 2025 results: NT$0.15 loss per share (down from NT$0.042 profit in 1Q 2024). Revenue: NT$587.5m (up 16% from 1Q 2024). Net loss: NT$64.5m (down 458% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • May 06Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$51.90. The fair value is estimated to be NT$42.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 4.5%.お知らせ • May 01Da-Li Development Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025Da-Li Development Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$38.15, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 10x in the Real Estate industry in Taiwan. Total returns to shareholders of 59% over the past three years.Buy Or Sell Opportunity • Mar 21Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$50.30. The fair value is estimated to be NT$40.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 4.5%.お知らせ • Mar 13Da-Li Development Co.,Ltd. announced a financing transactionDa-Li Development Co.,Ltd. announced a private placement to issue shares on March 11, 2025. The transaction has been approved by shareholders of company. The transaction is expected to close from March 11, 2025 to April 14, 2025.New Risk • Mar 13New 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). High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Mar 13Full year 2024 earnings released: EPS: NT$5.01 (vs NT$4.83 in FY 2023)Full year 2024 results: EPS: NT$5.01 (up from NT$4.83 in FY 2023). Revenue: NT$12.3b (down 20% from FY 2023). Net income: NT$2.15b (up 3.9% from FY 2023). Profit margin: 17% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 12Da-Li Development Co.,Ltd., Annual General Meeting, Jun 12, 2025Da-Li Development Co.,Ltd., Annual General Meeting, Jun 12, 2025. Location: 11 floor no,350, sung chiang rd., jhongshan district, taipei city Taiwanお知らせ • Mar 04Da-Li Development Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Da-Li Development Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025お知らせ • Jan 17Da-Li Development Co.,Ltd. has filed a Follow-on Equity Offering.Da-Li Development Co.,Ltd. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 5,000,000 Security Name: Shares Security Type: Common Stock Securities Offered: 15,000,000 Transaction Features: Reserved Share Offering; Rights Offering分析記事 • Jan 13Here's Why We Think Da-Li DevelopmentLtd (TWSE:6177) Is Well Worth WatchingFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change).分析記事 • Nov 15We Think Da-Li DevelopmentLtd's (TWSE:6177) Profit Is Only A Baseline For What They Can AchieveThe subdued stock price reaction suggests that Da-Li Development Co.,Ltd.'s ( TWSE:6177 ) strong earnings didn't offer...Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.03 (vs NT$1.01 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.03 (down from NT$1.01 in 3Q 2023). Revenue: NT$568.9m (down 83% from 3Q 2023). Net income: NT$11.6m (down 97% from 3Q 2023). Profit margin: 2.0% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 7.2% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Taiwan are expected to grow by 38%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$48.15, the stock trades at a trailing P/E ratio of 8.8x. Average forward P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 97% over the past three years.New Risk • Sep 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks High level of debt (181% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.分析記事 • Sep 19Da-Li DevelopmentLtd (TWSE:6177) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$71.70, the stock trades at a trailing P/E ratio of 13.1x. Average forward P/E is 10x in the Real Estate industry in Taiwan. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$43.38 per share.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: NT$0.81 (vs NT$0.19 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.81 (up from NT$0.19 loss in 2Q 2023). Revenue: NT$4.13b (up NT$3.81b from 2Q 2023). Net income: NT$346.9m (up NT$428.0m from 2Q 2023). Profit margin: 8.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is expected to decline by 18% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Taiwan are expected to grow by 20%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 01Da-Li Development Co.,Ltd. to Report Q2, 2024 Results on Aug 08, 2024Da-Li Development Co.,Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024Upcoming Dividend • Jul 23Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 30 July 2024. Payment date: 03 September 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.6%).分析記事 • Jul 15With EPS Growth And More, Da-Li DevelopmentLtd (TWSE:6177) Makes An Interesting CaseInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Board Change • Jun 24Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lin Hsiang Wang was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 20+ 1 more updateDa-Li Development Co.,Ltd. Announces Appointment of Wang, Li-Hui as DirectorDa-Li Development Co.,Ltd. announced the appointment of Wang, Li-Hui as Director. Resume of the new position holder: Director: Representative, Wan Jia Xing Investment Co.,Ltd.: Wang, Li-Hui Engaged in the real estate industry in California and Washington, the US. Effective date of the new appointment is June 19, 2024.分析記事 • May 21Da-Li Development Co.,Ltd.'s (TWSE:6177) Share Price Boosted 26% But Its Business Prospects Need A Lift TooDa-Li Development Co.,Ltd. ( TWSE:6177 ) shares have continued their recent momentum with a 26% gain in the last month...Reported Earnings • May 15First quarter 2024 earnings released: EPS: NT$0.04 (vs NT$0.41 in 1Q 2023)First quarter 2024 results: EPS: NT$0.04 (down from NT$0.41 in 1Q 2023). Revenue: NT$505.1m (down 73% from 1Q 2023). Net income: NT$18.0m (down 89% from 1Q 2023). Profit margin: 3.6% (down from 9.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 8.6% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Asia are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • May 12Da-Li DevelopmentLtd (TWSE:6177) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • May 10Da-Li Development Co.,Ltd. Announces the Resignation of Chen, An-Zhi as Institutional DirectorDa-Li Development Co.,Ltd. announces the resignation of Chen, An-Zhi as Institutional director. Date of occurrence of the change: May 9, 2024.Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$64.30, the stock trades at a trailing P/E ratio of 12.7x. Average forward P/E is 10x in the Real Estate industry in Taiwan. Total returns to shareholders of 162% over the past three years.お知らせ • May 02Da-Li Development Co.,Ltd. to Report Q1, 2024 Results on May 08, 2024Da-Li Development Co.,Ltd. announced that they will report Q1, 2024 results on May 08, 2024Price Target Changed • Apr 26Price target increased by 45% to NT$57.50Up from NT$39.75, the current price target is an average from 2 analysts. New target price is 6.5% above last closing price of NT$54.00. Stock is up 79% over the past year. The company posted earnings per share of NT$5.08 last year.分析記事 • Apr 03Even With A 25% Surge, Cautious Investors Are Not Rewarding Da-Li Development Co.,Ltd.'s (TWSE:6177) Performance CompletelyDa-Li Development Co.,Ltd. ( TWSE:6177 ) shareholders have had their patience rewarded with a 25% share price jump in...お知らせ • Mar 19Da-Li Development Co.,Ltd., Annual General Meeting, Jun 19, 2024Da-Li Development Co.,Ltd., Annual General Meeting, Jun 19, 2024. Location: Importers & Exporters Association of Taipei 11F, No. 350, Songjiang Road, Zhongshan Dist., Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Report by the Audit Committee; to consider Report on 2023 remuneration distribution for employees and directors; to consider Report on the revision to the Company's Rules of Procedure for Board of Directors Meetings; to consider 2023 Business Report and Financial Report; to consider Election of directors; to consider Lift the restrictions on the non-compete clause of new directors and their representatives; and to consider other matters.Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$5.08 (vs NT$2.94 in FY 2022)Full year 2023 results: EPS: NT$5.08 (up from NT$2.94 in FY 2022). Revenue: NT$15.4b (up 80% from FY 2022). Net income: NT$2.07b (up 73% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is expected to decline by 1.2% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Asia are expected to grow by 8.2%. 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 10% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jan 05Price target increased by 7.0% to NT$39.75Up from NT$37.14, the current price target is an average from 2 analysts. New target price is 13% above last closing price of NT$35.30. Stock is up 22% over the past year. The company posted earnings per share of NT$2.94 last year.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: NT$1.06 (vs NT$1.00 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.06 (up from NT$1.00 in 3Q 2022). Revenue: NT$3.29b (up 124% from 3Q 2022). Net income: NT$430.1m (up 5.4% from 3Q 2022). Profit margin: 13% (down from 28% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 08Da-Li Development Co.,Ltd. Appoints Pan,Pei-Ru as Corporate Governance OfficerDa-Li Development Co.,Ltd. announced that the Change to the Corporate governance officer of the company. Name, title, and resume of the new position holder: PAN,PEI-RU/Principal accounting officer of DA-LI Development Co.,Ltd. The effective date is November 07, 2023.Upcoming Dividend • Aug 16Upcoming dividend of NT$1.00 per share at 3.2% yieldEligible shareholders must have bought the stock before 23 August 2023. Payment date: 28 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.4%).Reported Earnings • Aug 09Second quarter 2023 earnings released: NT$0.21 loss per share (vs NT$0.69 profit in 2Q 2022)Second quarter 2023 results: NT$0.21 loss per share (down from NT$0.69 profit in 2Q 2022). Revenue: NT$323.1m (down 87% from 2Q 2022). Net loss: NT$81.0m (down 130% from profit in 2Q 2022). Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 18Full year 2022 earnings released: EPS: NT$3.09 (vs NT$4.03 in FY 2021)Full year 2022 results: EPS: NT$3.09 (down from NT$4.03 in FY 2021). Revenue: NT$8.59b (down 15% from FY 2021). Net income: NT$1.20b (down 23% from FY 2021). Profit margin: 14% (down from 16% 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 48% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hung Chi Lee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$1.05 (vs NT$0.93 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.05 (up from NT$0.93 in 3Q 2021). Revenue: NT$1.47b (down 52% from 3Q 2021). Net income: NT$408.2m (up 13% from 3Q 2021). Profit margin: 28% (up from 12% 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 41% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$0.69 (vs NT$0.99 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.69 (down from NT$0.99 in 2Q 2021). Revenue: NT$2.51b (down 5.1% from 2Q 2021). Net income: NT$268.2m (down 30% from 2Q 2021). Profit margin: 11% (down from 14% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 20Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 27 July 2022. Payment date: 25 August 2022. Trailing yield: 10%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (6.1%).Reported Earnings • May 14First quarter 2022 earnings released: EPS: NT$1.67 (vs NT$0.10 loss in 1Q 2021)First quarter 2022 results: EPS: NT$1.67 (up from NT$0.10 loss in 1Q 2021). Revenue: NT$4.39b (up NT$4.37b from 1Q 2021). Net income: NT$645.9m (up NT$684.6m from 1Q 2021). Profit margin: 15% (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 8% per year whereas the company’s share price has increased by 5% per year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Lin Hsiang Wang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.93 (vs NT$0.025 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.05b (up NT$2.73b from 3Q 2020). Net income: NT$362.0m (up NT$354.5m from 3Q 2020). Profit margin: 12% (up from 2.3% 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 20% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.01 (vs NT$0.28 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.64b (up NT$2.41b from 2Q 2020). Net income: NT$384.3m (up NT$462.8m from 2Q 2020). Profit margin: 14% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Executive Departure • Jul 15Director Shui An Cheng has left the companyOn the 7th of July, Shui An Cheng's tenure as Director ended. We don't have any record of a personal shareholding under Shui An's name. Shui An is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.33 years.Reported Earnings • May 08First quarter 2021 earnings released: NT$0.10 loss per share (vs NT$0.80 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: NT$16.3m (down 99% from 1Q 2020). Net loss: NT$38.7m (down 117% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$0.50 (vs NT$3.27 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.10b (down 68% from FY 2019). Net income: NT$158.1m (down 83% from FY 2019). Profit margin: 7.5% (down from 14% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings.分析記事 • Mar 02Do Investors Have Good Reason To Be Wary Of Da-Li Development Co.,Ltd.'s (TPE:6177) 6.1% Dividend Yield?Today we'll take a closer look at Da-Li Development Co.,Ltd. ( TPE:6177 ) from a dividend investor's perspective...分析記事 • Feb 02Shareholders Of Da-Li DevelopmentLtd (TPE:6177) Must Be Happy With Their 171% Total ReturnIf you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to...Is New 90 Day High Low • Jan 20New 90-day low: NT$28.75The company is down 5.0% from its price of NT$30.25 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 3.0% over the same period.分析記事 • Jan 11Should Da-Li Development Co.,Ltd. (TPE:6177) Focus On Improving This Fundamental Metric?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...分析記事 • Dec 14We're Not So Sure You Should Rely on Da-Li DevelopmentLtd's (TPE:6177) Statutory EarningsAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...Is New 90 Day High Low • Nov 30New 90-day high: NT$31.55The company is up 9.0% from its price of NT$28.85 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$16.63 per share.分析記事 • Nov 23Is Da-Li Development Co.,Ltd. (TPE:6177) A Good Dividend Stock?Is Da-Li Development Co.,Ltd. (TPE:6177) a good dividend stock? How can we tell? Dividend paying companies with...Analyst Estimate Surprise Post Earnings • Nov 08Revenue beats expectationsRevenue exceeded analyst estimates by 37%. Over the next year, revenue is forecast to grow 258%, compared to a 25% growth forecast for the Real Estate industry in Taiwan.Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$0.03The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$325.0m (down 66% from 3Q 2019). Net income: NT$7.49m (down 92% from 3Q 2019). Profit margin: 2.3% (down from 9.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.収支内訳Da-Li DevelopmentLtd の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TWSE:6177 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 2613,7883,5301,036031 Dec 259,5311,798821030 Sep 259,6021,671853030 Jun 258,5051,675843031 Mar 2512,4032,0671,045031 Dec 2412,3202,1491,025030 Sep 2415,3991,9271,327030 Jun 2418,1242,3451,485031 Mar 2414,0551,9171,268031 Dec 2315,4262,0681,351030 Sep 235,7143941,097030 Jun 233,890373598031 Mar 236,074722729031 Dec 228,5881,199905030 Sep 2212,7342,179702030 Jun 2214,3182,1331,191031 Mar 2214,4532,2491,185031 Dec 2110,0791,564881030 Sep 215,771709639030 Jun 213,042355483031 Mar 21631-108336031 Dec 202,103158412030 Sep 202,772267399030 Jun 203,411354390031 Mar 204,619587505031 Dec 196,627922646030 Sep 196,651977654030 Jun 195,934847662031 Mar 194,785668570031 Dec 181,45847388030 Sep 182,366207436030 Jun 182,544262451031 Mar 185,6561,121624031 Dec 175,6171,136595030 Sep 174,289857488030 Jun 174,257865464031 Mar 171,474156277031 Dec 162,456369335030 Sep 164,780810505030 Jun 164,515776474031 Mar 164,419691445031 Dec 154,633715393030 Sep 152,7833292400質の高い収益: 6177は 高品質の収益 を持っています。利益率の向上: 6177の現在の純利益率 (25.6%)は、昨年(16.7%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 6177過去 5 年間で収益を上げており、収益は年間20.9%増加しています。成長の加速: 6177の過去 1 年間の収益成長率 ( 70.8% ) は、5 年間の平均 ( 年間20.9%を上回っています。収益対業界: 6177の過去 1 年間の収益成長率 ( 70.8% ) はReal Estate業界-15.3%を上回りました。株主資本利益率高いROE: 6177の 自己資本利益率 ( 27.28% ) は 高い ですが、この指標は負債レベルが高いために歪んでいます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/07 04:53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Da-Li Development Co.,Ltd. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Cai JihengCapital Securities CorporationTommy LaiKGI Securities Co. Ltd.Liren LiangMasterlink Securities Investment Advisory1 その他のアナリストを表示
Reported Earnings • May 13First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$3.00 (up from NT$0.14 loss in 1Q 2025). Revenue: NT$4.84b (up NT$4.26b from 1Q 2025). Net income: NT$1.67b (up NT$1.73b from 1Q 2025). Profit margin: 34% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 43%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Real Estate industry in Taiwan. 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 19% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 17Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$3.84 (down from NT$4.78 in FY 2024). Revenue: NT$9.53b (down 23% from FY 2024). Net income: NT$1.80b (down 16% from FY 2024). Profit margin: 19% (up from 17% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 20% per year.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$0.02 (vs NT$0.026 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.02 (down from NT$0.026 in 3Q 2024). Revenue: NT$1.67b (up 193% from 3Q 2024). Net income: NT$7.52m (down 36% from 3Q 2024). Profit margin: 0.5% (down from 2.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 61% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 07Second quarter 2025 earnings released: NT$0.098 loss per share (vs NT$0.77 profit in 2Q 2024)Second quarter 2025 results: NT$0.098 loss per share (down from NT$0.77 profit in 2Q 2024). Revenue: NT$494.9m (down 89% from 2Q 2024). Net loss: NT$44.8m (down 113% from profit in 2Q 2024). Revenue is forecast to grow 83% p.a. on average during the next 2 years, compared to a 58% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jul 04First quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.042 profit in 1Q 2024)First quarter 2025 results: NT$0.15 loss per share (down from NT$0.042 profit in 1Q 2024). Revenue: NT$587.5m (up 16% from 1Q 2024). Net loss: NT$64.5m (down 458% from profit in 1Q 2024). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 09First quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.042 profit in 1Q 2024)First quarter 2025 results: NT$0.15 loss per share (down from NT$0.042 profit in 1Q 2024). Revenue: NT$587.5m (up 16% from 1Q 2024). Net loss: NT$64.5m (down 458% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 13First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$3.00 (up from NT$0.14 loss in 1Q 2025). Revenue: NT$4.84b (up NT$4.26b from 1Q 2025). Net income: NT$1.67b (up NT$1.73b from 1Q 2025). Profit margin: 34% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 43%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Real Estate industry in Taiwan. 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 19% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 17Da-Li Development Co.,Ltd., Annual General Meeting, Jun 16, 2026Da-Li Development Co.,Ltd., Annual General Meeting, Jun 16, 2026. Location: 11 floor no,350, sung chiang rd., jhongshan district, taipei city Taiwan
Reported Earnings • Mar 17Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$3.84 (down from NT$4.78 in FY 2024). Revenue: NT$9.53b (down 23% from FY 2024). Net income: NT$1.80b (down 16% from FY 2024). Profit margin: 19% (up from 17% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 20% per year.
Price Target Changed • Jan 20Price target increased by 7.5% to NT$63.33Up from NT$58.92, the current price target is an average from 3 analysts. New target price is 25% above last closing price of NT$50.60. Stock is up 26% over the past year. The company is forecast to post earnings per share of NT$3.36 for next year compared to NT$4.78 last year.
Major Estimate Revision • Dec 24Consensus revenue estimates increase by 41%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$5.81b to NT$8.18b. Now expected to report a profit of NT$3.42 instead of losses of -NT$0.18 per share. Real Estate industry in Taiwan expected to see average net income growth of 88% next year. Consensus price target of NT$58.92 unchanged from last update. Share price rose 7.8% to NT$52.40 over the past week.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$0.02 (vs NT$0.026 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.02 (down from NT$0.026 in 3Q 2024). Revenue: NT$1.67b (up 193% from 3Q 2024). Net income: NT$7.52m (down 36% from 3Q 2024). Profit margin: 0.5% (down from 2.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 61% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Sep 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 91% The company is paying a dividend despite having no free cash flows. Dividend yield: 6.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. High level of non-cash earnings (32% accrual ratio).
Valuation Update With 7 Day Price Move • Sep 05Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$50.80, the stock trades at a trailing P/E ratio of 14.3x. Average forward P/E is 13x in the Real Estate industry in Taiwan. Total returns to shareholders of 147% over the past three years.
Buy Or Sell Opportunity • Sep 04Now 25% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$48.30. The fair value is estimated to be NT$38.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 13%.
Reported Earnings • Aug 07Second quarter 2025 earnings released: NT$0.098 loss per share (vs NT$0.77 profit in 2Q 2024)Second quarter 2025 results: NT$0.098 loss per share (down from NT$0.77 profit in 2Q 2024). Revenue: NT$494.9m (down 89% from 2Q 2024). Net loss: NT$44.8m (down 113% from profit in 2Q 2024). Revenue is forecast to grow 83% p.a. on average during the next 2 years, compared to a 58% growth forecast for the Real Estate industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jul 29Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 05 August 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.0%).
Declared Dividend • Jul 05Dividend of NT$3.50 announcedShareholders will receive a dividend of NT$3.50. Ex-date: 5th August 2025 Payment date: 5th September 2025 Dividend yield will be 7.2%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (64% 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 increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 04First quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.042 profit in 1Q 2024)First quarter 2025 results: NT$0.15 loss per share (down from NT$0.042 profit in 1Q 2024). Revenue: NT$587.5m (up 16% from 1Q 2024). Net loss: NT$64.5m (down 458% from profit in 1Q 2024). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jun 13Da-Li Development Co.,Ltd. Announces the Election of Yang, Chia-Hsing as Independent Director, Effective June 12, 2025Da-Li Development Co.,Ltd. announced the election of Yang, Chia-Hsing as Independent director, effective June 12, 2025.
Buy Or Sell Opportunity • Jun 10Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to NT$51.30. The fair value is estimated to be NT$42.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 7.3%.
Buy Or Sell Opportunity • May 21Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to NT$52.40. The fair value is estimated to be NT$43.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 7.3%.
New Risk • May 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% 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). High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 09First quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.042 profit in 1Q 2024)First quarter 2025 results: NT$0.15 loss per share (down from NT$0.042 profit in 1Q 2024). Revenue: NT$587.5m (up 16% from 1Q 2024). Net loss: NT$64.5m (down 458% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • May 06Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$51.90. The fair value is estimated to be NT$42.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 4.5%.
お知らせ • May 01Da-Li Development Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025Da-Li Development Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$38.15, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 10x in the Real Estate industry in Taiwan. Total returns to shareholders of 59% over the past three years.
Buy Or Sell Opportunity • Mar 21Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$50.30. The fair value is estimated to be NT$40.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 4.5%.
お知らせ • Mar 13Da-Li Development Co.,Ltd. announced a financing transactionDa-Li Development Co.,Ltd. announced a private placement to issue shares on March 11, 2025. The transaction has been approved by shareholders of company. The transaction is expected to close from March 11, 2025 to April 14, 2025.
New Risk • Mar 13New 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). High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 13Full year 2024 earnings released: EPS: NT$5.01 (vs NT$4.83 in FY 2023)Full year 2024 results: EPS: NT$5.01 (up from NT$4.83 in FY 2023). Revenue: NT$12.3b (down 20% from FY 2023). Net income: NT$2.15b (up 3.9% from FY 2023). Profit margin: 17% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 12Da-Li Development Co.,Ltd., Annual General Meeting, Jun 12, 2025Da-Li Development Co.,Ltd., Annual General Meeting, Jun 12, 2025. Location: 11 floor no,350, sung chiang rd., jhongshan district, taipei city Taiwan
お知らせ • Mar 04Da-Li Development Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Da-Li Development Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025
お知らせ • Jan 17Da-Li Development Co.,Ltd. has filed a Follow-on Equity Offering.Da-Li Development Co.,Ltd. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 5,000,000 Security Name: Shares Security Type: Common Stock Securities Offered: 15,000,000 Transaction Features: Reserved Share Offering; Rights Offering
分析記事 • Jan 13Here's Why We Think Da-Li DevelopmentLtd (TWSE:6177) Is Well Worth WatchingFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change).
分析記事 • Nov 15We Think Da-Li DevelopmentLtd's (TWSE:6177) Profit Is Only A Baseline For What They Can AchieveThe subdued stock price reaction suggests that Da-Li Development Co.,Ltd.'s ( TWSE:6177 ) strong earnings didn't offer...
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.03 (vs NT$1.01 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.03 (down from NT$1.01 in 3Q 2023). Revenue: NT$568.9m (down 83% from 3Q 2023). Net income: NT$11.6m (down 97% from 3Q 2023). Profit margin: 2.0% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 7.2% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Taiwan are expected to grow by 38%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$48.15, the stock trades at a trailing P/E ratio of 8.8x. Average forward P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 97% over the past three years.
New Risk • Sep 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks High level of debt (181% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
分析記事 • Sep 19Da-Li DevelopmentLtd (TWSE:6177) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$71.70, the stock trades at a trailing P/E ratio of 13.1x. Average forward P/E is 10x in the Real Estate industry in Taiwan. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$43.38 per share.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: NT$0.81 (vs NT$0.19 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.81 (up from NT$0.19 loss in 2Q 2023). Revenue: NT$4.13b (up NT$3.81b from 2Q 2023). Net income: NT$346.9m (up NT$428.0m from 2Q 2023). Profit margin: 8.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is expected to decline by 18% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Taiwan are expected to grow by 20%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 01Da-Li Development Co.,Ltd. to Report Q2, 2024 Results on Aug 08, 2024Da-Li Development Co.,Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024
Upcoming Dividend • Jul 23Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 30 July 2024. Payment date: 03 September 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.6%).
分析記事 • Jul 15With EPS Growth And More, Da-Li DevelopmentLtd (TWSE:6177) Makes An Interesting CaseInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Board Change • Jun 24Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lin Hsiang Wang was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 20+ 1 more updateDa-Li Development Co.,Ltd. Announces Appointment of Wang, Li-Hui as DirectorDa-Li Development Co.,Ltd. announced the appointment of Wang, Li-Hui as Director. Resume of the new position holder: Director: Representative, Wan Jia Xing Investment Co.,Ltd.: Wang, Li-Hui Engaged in the real estate industry in California and Washington, the US. Effective date of the new appointment is June 19, 2024.
分析記事 • May 21Da-Li Development Co.,Ltd.'s (TWSE:6177) Share Price Boosted 26% But Its Business Prospects Need A Lift TooDa-Li Development Co.,Ltd. ( TWSE:6177 ) shares have continued their recent momentum with a 26% gain in the last month...
Reported Earnings • May 15First quarter 2024 earnings released: EPS: NT$0.04 (vs NT$0.41 in 1Q 2023)First quarter 2024 results: EPS: NT$0.04 (down from NT$0.41 in 1Q 2023). Revenue: NT$505.1m (down 73% from 1Q 2023). Net income: NT$18.0m (down 89% from 1Q 2023). Profit margin: 3.6% (down from 9.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 8.6% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Asia are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • May 12Da-Li DevelopmentLtd (TWSE:6177) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • May 10Da-Li Development Co.,Ltd. Announces the Resignation of Chen, An-Zhi as Institutional DirectorDa-Li Development Co.,Ltd. announces the resignation of Chen, An-Zhi as Institutional director. Date of occurrence of the change: May 9, 2024.
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$64.30, the stock trades at a trailing P/E ratio of 12.7x. Average forward P/E is 10x in the Real Estate industry in Taiwan. Total returns to shareholders of 162% over the past three years.
お知らせ • May 02Da-Li Development Co.,Ltd. to Report Q1, 2024 Results on May 08, 2024Da-Li Development Co.,Ltd. announced that they will report Q1, 2024 results on May 08, 2024
Price Target Changed • Apr 26Price target increased by 45% to NT$57.50Up from NT$39.75, the current price target is an average from 2 analysts. New target price is 6.5% above last closing price of NT$54.00. Stock is up 79% over the past year. The company posted earnings per share of NT$5.08 last year.
分析記事 • Apr 03Even With A 25% Surge, Cautious Investors Are Not Rewarding Da-Li Development Co.,Ltd.'s (TWSE:6177) Performance CompletelyDa-Li Development Co.,Ltd. ( TWSE:6177 ) shareholders have had their patience rewarded with a 25% share price jump in...
お知らせ • Mar 19Da-Li Development Co.,Ltd., Annual General Meeting, Jun 19, 2024Da-Li Development Co.,Ltd., Annual General Meeting, Jun 19, 2024. Location: Importers & Exporters Association of Taipei 11F, No. 350, Songjiang Road, Zhongshan Dist., Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Report by the Audit Committee; to consider Report on 2023 remuneration distribution for employees and directors; to consider Report on the revision to the Company's Rules of Procedure for Board of Directors Meetings; to consider 2023 Business Report and Financial Report; to consider Election of directors; to consider Lift the restrictions on the non-compete clause of new directors and their representatives; and to consider other matters.
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$5.08 (vs NT$2.94 in FY 2022)Full year 2023 results: EPS: NT$5.08 (up from NT$2.94 in FY 2022). Revenue: NT$15.4b (up 80% from FY 2022). Net income: NT$2.07b (up 73% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is expected to decline by 1.2% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Asia are expected to grow by 8.2%. 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 10% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jan 05Price target increased by 7.0% to NT$39.75Up from NT$37.14, the current price target is an average from 2 analysts. New target price is 13% above last closing price of NT$35.30. Stock is up 22% over the past year. The company posted earnings per share of NT$2.94 last year.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: NT$1.06 (vs NT$1.00 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.06 (up from NT$1.00 in 3Q 2022). Revenue: NT$3.29b (up 124% from 3Q 2022). Net income: NT$430.1m (up 5.4% from 3Q 2022). Profit margin: 13% (down from 28% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 08Da-Li Development Co.,Ltd. Appoints Pan,Pei-Ru as Corporate Governance OfficerDa-Li Development Co.,Ltd. announced that the Change to the Corporate governance officer of the company. Name, title, and resume of the new position holder: PAN,PEI-RU/Principal accounting officer of DA-LI Development Co.,Ltd. The effective date is November 07, 2023.
Upcoming Dividend • Aug 16Upcoming dividend of NT$1.00 per share at 3.2% yieldEligible shareholders must have bought the stock before 23 August 2023. Payment date: 28 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.4%).
Reported Earnings • Aug 09Second quarter 2023 earnings released: NT$0.21 loss per share (vs NT$0.69 profit in 2Q 2022)Second quarter 2023 results: NT$0.21 loss per share (down from NT$0.69 profit in 2Q 2022). Revenue: NT$323.1m (down 87% from 2Q 2022). Net loss: NT$81.0m (down 130% from profit in 2Q 2022). Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 18Full year 2022 earnings released: EPS: NT$3.09 (vs NT$4.03 in FY 2021)Full year 2022 results: EPS: NT$3.09 (down from NT$4.03 in FY 2021). Revenue: NT$8.59b (down 15% from FY 2021). Net income: NT$1.20b (down 23% from FY 2021). Profit margin: 14% (down from 16% 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 48% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hung Chi Lee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$1.05 (vs NT$0.93 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.05 (up from NT$0.93 in 3Q 2021). Revenue: NT$1.47b (down 52% from 3Q 2021). Net income: NT$408.2m (up 13% from 3Q 2021). Profit margin: 28% (up from 12% 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 41% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$0.69 (vs NT$0.99 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.69 (down from NT$0.99 in 2Q 2021). Revenue: NT$2.51b (down 5.1% from 2Q 2021). Net income: NT$268.2m (down 30% from 2Q 2021). Profit margin: 11% (down from 14% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 20Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 27 July 2022. Payment date: 25 August 2022. Trailing yield: 10%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (6.1%).
Reported Earnings • May 14First quarter 2022 earnings released: EPS: NT$1.67 (vs NT$0.10 loss in 1Q 2021)First quarter 2022 results: EPS: NT$1.67 (up from NT$0.10 loss in 1Q 2021). Revenue: NT$4.39b (up NT$4.37b from 1Q 2021). Net income: NT$645.9m (up NT$684.6m from 1Q 2021). Profit margin: 15% (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 8% per year whereas the company’s share price has increased by 5% per year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Lin Hsiang Wang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.93 (vs NT$0.025 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.05b (up NT$2.73b from 3Q 2020). Net income: NT$362.0m (up NT$354.5m from 3Q 2020). Profit margin: 12% (up from 2.3% 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 20% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.01 (vs NT$0.28 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.64b (up NT$2.41b from 2Q 2020). Net income: NT$384.3m (up NT$462.8m from 2Q 2020). Profit margin: 14% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Executive Departure • Jul 15Director Shui An Cheng has left the companyOn the 7th of July, Shui An Cheng's tenure as Director ended. We don't have any record of a personal shareholding under Shui An's name. Shui An is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.33 years.
Reported Earnings • May 08First quarter 2021 earnings released: NT$0.10 loss per share (vs NT$0.80 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: NT$16.3m (down 99% from 1Q 2020). Net loss: NT$38.7m (down 117% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$0.50 (vs NT$3.27 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.10b (down 68% from FY 2019). Net income: NT$158.1m (down 83% from FY 2019). Profit margin: 7.5% (down from 14% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
分析記事 • Mar 02Do Investors Have Good Reason To Be Wary Of Da-Li Development Co.,Ltd.'s (TPE:6177) 6.1% Dividend Yield?Today we'll take a closer look at Da-Li Development Co.,Ltd. ( TPE:6177 ) from a dividend investor's perspective...
分析記事 • Feb 02Shareholders Of Da-Li DevelopmentLtd (TPE:6177) Must Be Happy With Their 171% Total ReturnIf you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to...
Is New 90 Day High Low • Jan 20New 90-day low: NT$28.75The company is down 5.0% from its price of NT$30.25 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 3.0% over the same period.
分析記事 • Jan 11Should Da-Li Development Co.,Ltd. (TPE:6177) Focus On Improving This Fundamental Metric?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
分析記事 • Dec 14We're Not So Sure You Should Rely on Da-Li DevelopmentLtd's (TPE:6177) Statutory EarningsAs a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
Is New 90 Day High Low • Nov 30New 90-day high: NT$31.55The company is up 9.0% from its price of NT$28.85 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$16.63 per share.
分析記事 • Nov 23Is Da-Li Development Co.,Ltd. (TPE:6177) A Good Dividend Stock?Is Da-Li Development Co.,Ltd. (TPE:6177) a good dividend stock? How can we tell? Dividend paying companies with...
Analyst Estimate Surprise Post Earnings • Nov 08Revenue beats expectationsRevenue exceeded analyst estimates by 37%. Over the next year, revenue is forecast to grow 258%, compared to a 25% growth forecast for the Real Estate industry in Taiwan.
Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$0.03The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$325.0m (down 66% from 3Q 2019). Net income: NT$7.49m (down 92% from 3Q 2019). Profit margin: 2.3% (down from 9.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.