View Past PerformanceAscent Development バランスシートの健全性財務の健全性 基準チェック /46Ascent Developmentの総株主資本はNT$3.5B 、総負債はNT$1.7Bで、負債比率は48.1%となります。総資産と総負債はそれぞれNT$6.1BとNT$2.6Bです。 Ascent Developmentの EBIT はNT$102.4Mで、利息カバレッジ比率18.1です。現金および短期投資はNT$749.4Mです。主要情報48.13%負債資本比率NT$1.67b負債インタレスト・カバレッジ・レシオ18.1x現金NT$749.40mエクイティNT$3.46b負債合計NT$2.62b総資産NT$6.08b財務の健全性に関する最新情報分析記事 • Apr 29Is Chuwa Wool Industry (Taiwan) (TPE:1439) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...すべての更新を表示Recent updatesNew Risk • May 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (38% net profit margin). Market cap is less than US$100m (NT$2.39b market cap, or US$76.1m).Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.59 (vs NT$0.73 in 1Q 2025)First quarter 2026 results: EPS: NT$0.59 (down from NT$0.73 in 1Q 2025). Revenue: NT$75.9m (down 44% from 1Q 2025). Net income: NT$54.2m (down 19% from 1Q 2025). Profit margin: 71% (up from 49% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.New Risk • Mar 27New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (36% net profit margin). Market cap is less than US$100m (NT$2.57b market cap, or US$80.4m).Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$3.21 (vs NT$1.75 in FY 2024)Full year 2025 results: EPS: NT$3.21 (up from NT$1.75 in FY 2024). Revenue: NT$813.1m (up NT$715.0m from FY 2024). Net income: NT$295.7m (up 84% from FY 2024). Profit margin: 36% (down from 164% in FY 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 12Ascent Development Co., Ltd., Annual General Meeting, Jun 17, 2026Ascent Development Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: b2 floor no,108, sec.1 tun hua s. rd., taipei city TaiwanValuation Update With 7 Day Price Move • Dec 18Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$31.20, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 13x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 52% over the past three years.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.87 (vs NT$0.38 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.87 (up from NT$0.38 in 3Q 2024). Revenue: NT$282.6m (up NT$268.7m from 3Q 2024). Net income: NT$80.2m (up 131% from 3Q 2024). Profit margin: 28% (down from 248% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.49 (vs NT$0.13 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.49 (up from NT$0.13 in 2Q 2024). Revenue: NT$96.9m (up 213% from 2Q 2024). Net income: NT$45.2m (up 288% from 2Q 2024). Profit margin: 47% (up from 38% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year.Upcoming Dividend • Jul 28Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 04 August 2025. Payment date: 09 September 2025. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.4%).Declared Dividend • Jul 10Dividend of NT$0.30 announcedDividend of NT$0.30 is the same as last year. Ex-date: 4th August 2025 Payment date: 9th September 2025 Dividend yield will be 1.0%, which is lower than the industry average of 5.2%.お知らせ • Jun 20Ascent Development Co., Ltd. Approves the Election of Hung, Sheu as DirectorAscent Development Co., Ltd. at its shareholders' meeting held on June 19, 2025, approved the election of representative of Yuan-Zhong Co., Ltd.: Hung, Sheu as Director.New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 88% Last year net profit margin: 130% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (88% net profit margin). Market cap is less than US$100m (NT$2.88b market cap, or US$94.9m).お知らせ • May 01Ascent Development Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Ascent Development Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.74 (vs NT$2.00 in FY 2023)Full year 2024 results: EPS: NT$1.74 (down from NT$2.00 in FY 2023). Net income: NT$160.5m (down 13% from FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.お知らせ • Mar 13+ 1 more updateAscent Development Co., Ltd., Annual General Meeting, Jun 19, 2025Ascent Development Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: b2 floor no,108, sec.1 tun hua s. rd., taipei city Taiwanお知らせ • Jan 04Ascent Development Co., Ltd. Announces Change of CFO and Chief Accounting Officer for Subsidiary, Hanlin Development Co.,LtdAscent Development Co., Ltd. appointed Tan Tai Ling-Jung/Deputy Manager /Finance and Accounting Supervisor as Chief Financial Officer in place of Yeh, Ping-Hui/Manager/Finance and Accounting Supervisor for Subsidiary, Hanlin Development Co.,Ltd. Reason for the change: position adjustment. Effective date is January 3, 2025.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 Risk Market cap is less than US$100m (NT$2.90b market cap, or US$89.2m).分析記事 • Nov 20Ascent Development's (TWSE:1439) Solid Earnings May Rest On Weak FoundationsAscent Development Co., Ltd.'s ( TWSE:1439 ) healthy profit numbers didn't contain any surprises for investors. We...Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$0.38 (vs NT$0.27 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.38 (up from NT$0.27 in 3Q 2023). Net income: NT$34.7m (up 38% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 30Ascent Development Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Ascent Development Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024New Risk • Aug 17New major risk - Revenue and earnings growthEarnings have declined by 38% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 38% per year over the past 5 years. Minor Risks Revenue is less than US$5m (NT$153m revenue, or US$4.7m). Market cap is less than US$100m (NT$3.03b market cap, or US$93.9m).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.13 (vs NT$0.56 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.13 (down from NT$0.56 in 2Q 2023). Revenue: NT$31.0m (up 51% from 2Q 2023). Net income: NT$11.6m (down 78% from 2Q 2023). Profit margin: 38% (down from 252% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 03Ascent Development Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024Ascent Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024Upcoming Dividend • Jul 31Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 07 August 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.4%).New Risk • May 20New 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Revenue is less than US$5m (NT$142m revenue, or US$4.4m). Market cap is less than US$100m (NT$2.60b market cap, or US$80.7m).Reported Earnings • May 20First quarter 2024 earnings released: EPS: NT$0.54 (vs NT$0.54 in 1Q 2023)First quarter 2024 results: EPS: NT$0.54 (up from NT$0.54 in 1Q 2023). Net income: NT$49.9m (flat on 1Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • May 05Ascent Development Co., Ltd. to Report Q1, 2024 Results on May 13, 2024Ascent Development Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$2.00 (vs NT$1.00 in FY 2022)Full year 2023 results: EPS: NT$2.00 (up from NT$1.00 in FY 2022). Revenue: NT$199.2m (down 65% from FY 2022). Net income: NT$184.4m (up 100% from FY 2022). Profit margin: 93% (up from 16% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 89% 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 • Mar 15Ascent Development Co., Ltd., Annual General Meeting, Jun 27, 2024Ascent Development Co., Ltd., Annual General Meeting, Jun 27, 2024.Reported Earnings • Aug 17Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: NT$20.5m (down 93% from 2Q 2022). Net income: NT$51.7m (up 149% from 2Q 2022).Upcoming Dividend • Jul 10Upcoming dividend of NT$0.30 per share at 1.3% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (5.0%).Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Supervisor Hsiu-Yuan Lin is the most experienced director on the board, commencing their role in 2018. Independent Director Teng-Cheng Liu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Valuation Update With 7 Day Price Move • Oct 26Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$23.90, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 10x in the Retail Distributors industry in Taiwan. Total loss to shareholders of 5.5% over the past three years.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.23 (vs NT$0.042 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.23 (up from NT$0.042 loss in 2Q 2021). Net income: NT$20.8m (up NT$24.7m from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jun 16Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 29 July 2022. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (4.7%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.31 (vs NT$0.33 in 1Q 2021)First quarter 2022 results: EPS: NT$0.31 (down from NT$0.33 in 1Q 2021). Net income: NT$28.7m (down 4.8% from 1Q 2021). 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.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Hung-Mao Tien was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 07Chuwa Wool Industry Co., (Taiwan) Ltd., Annual General Meeting, Jun 23, 2022Chuwa Wool Industry Co., (Taiwan) Ltd., Annual General Meeting, Jun 23, 2022.Reported Earnings • Mar 30Full year 2021 earnings released: EPS: NT$1.39 (vs NT$2.65 loss in FY 2020)Full year 2021 results: EPS: NT$1.39 (up from NT$2.65 loss in FY 2020). Net income: NT$128.3m (up NT$371.8m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS NT$0.51 (vs NT$0.28 in 3Q 2020)Third quarter 2021 results: Net income: NT$46.8m (up 81% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 18Second quarter 2021 earnings released: NT$0.04 loss per share (vs NT$0.25 loss in 2Q 2020)Second quarter 2021 results: Net loss: NT$3.89m (loss narrowed 83% from 2Q 2020). 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 8% per year, which means it has not declined as severely as earnings.Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.084 loss in 1Q 2020)First quarter 2021 results: Net income: NT$30.1m (up NT$37.8m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.分析記事 • Apr 29Is Chuwa Wool Industry (Taiwan) (TPE:1439) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Apr 01Full year 2020 earnings released: NT$2.65 loss per share (vs NT$10.46 profit in FY 2019)Full year 2020 results: Net loss: NT$243.5m (down 125% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.分析記事 • Mar 07Did You Participate In Any Of Chuwa Wool Industry (Taiwan)'s (TPE:1439) Fantastic 137% Return ?Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...分析記事 • Jan 31What Can The Trends At Chuwa Wool Industry (Taiwan) (TPE:1439) Tell Us About Their Returns?If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Is New 90 Day High Low • Jan 28New 90-day low: NT$25.60The company is down 2.0% from its price of NT$26.00 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 Retail Distributors industry, which is up 1.0% over the same period.Is New 90 Day High Low • Dec 29New 90-day high: NT$29.15The company is up 3.0% from its price of NT$28.30 on 30 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 10.0% over the same period.分析記事 • Dec 27Is Chuwa Wool Industry Co., (Taiwan) Ltd.'s (TPE:1439) Recent Price Movement Underpinned By Its Weak Fundamentals?Chuwa Wool Industry (Taiwan) (TPE:1439) has had a rough month with its share price down 1.6%. It is possible that the...分析記事 • Nov 22We're Not Counting On Chuwa Wool Industry (Taiwan) (TPE:1439) To Sustain Its Statutory ProfitabilityIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.28Third quarter 2020 results: Revenue: NT$19.7m (down 39% from 3Q 2019). Net income: NT$25.9m (up NT$25.1m from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Oct 20New 90-day low: NT$27.20The company is down 29% from its price of NT$38.30 on 22 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 4.0% over the same period.財務状況分析短期負債: 1439の 短期資産 ( NT$3.6B ) が 短期負債 ( NT$2.1B ) を超えています。長期負債: 1439の短期資産 ( NT$3.6B ) が 長期負債 ( NT$491.4M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 1439の 純負債対資本比率 ( 26.5% ) は 満足できる 水準であると考えられます。負債の削減: 1439の負債対資本比率は、過去 5 年間で15.4%から48.1%に増加しました。債務返済能力: 1439の負債は 営業キャッシュフロー によって 十分にカバーされていません ( 12.9% )。インタレストカバレッジ: 1439の負債に対する 利息支払い は EBIT ( 18.1 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YRetail 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/20 10:40終値2026/06/18 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ascent Development Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
分析記事 • Apr 29Is Chuwa Wool Industry (Taiwan) (TPE:1439) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Risk • May 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (38% net profit margin). Market cap is less than US$100m (NT$2.39b market cap, or US$76.1m).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.59 (vs NT$0.73 in 1Q 2025)First quarter 2026 results: EPS: NT$0.59 (down from NT$0.73 in 1Q 2025). Revenue: NT$75.9m (down 44% from 1Q 2025). Net income: NT$54.2m (down 19% from 1Q 2025). Profit margin: 71% (up from 49% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 27New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (36% net profit margin). Market cap is less than US$100m (NT$2.57b market cap, or US$80.4m).
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$3.21 (vs NT$1.75 in FY 2024)Full year 2025 results: EPS: NT$3.21 (up from NT$1.75 in FY 2024). Revenue: NT$813.1m (up NT$715.0m from FY 2024). Net income: NT$295.7m (up 84% from FY 2024). Profit margin: 36% (down from 164% in FY 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 12Ascent Development Co., Ltd., Annual General Meeting, Jun 17, 2026Ascent Development Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: b2 floor no,108, sec.1 tun hua s. rd., taipei city Taiwan
Valuation Update With 7 Day Price Move • Dec 18Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$31.20, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 13x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 52% over the past three years.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.87 (vs NT$0.38 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.87 (up from NT$0.38 in 3Q 2024). Revenue: NT$282.6m (up NT$268.7m from 3Q 2024). Net income: NT$80.2m (up 131% from 3Q 2024). Profit margin: 28% (down from 248% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.49 (vs NT$0.13 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.49 (up from NT$0.13 in 2Q 2024). Revenue: NT$96.9m (up 213% from 2Q 2024). Net income: NT$45.2m (up 288% from 2Q 2024). Profit margin: 47% (up from 38% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year.
Upcoming Dividend • Jul 28Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 04 August 2025. Payment date: 09 September 2025. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.4%).
Declared Dividend • Jul 10Dividend of NT$0.30 announcedDividend of NT$0.30 is the same as last year. Ex-date: 4th August 2025 Payment date: 9th September 2025 Dividend yield will be 1.0%, which is lower than the industry average of 5.2%.
お知らせ • Jun 20Ascent Development Co., Ltd. Approves the Election of Hung, Sheu as DirectorAscent Development Co., Ltd. at its shareholders' meeting held on June 19, 2025, approved the election of representative of Yuan-Zhong Co., Ltd.: Hung, Sheu as Director.
New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 88% Last year net profit margin: 130% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (88% net profit margin). Market cap is less than US$100m (NT$2.88b market cap, or US$94.9m).
お知らせ • May 01Ascent Development Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Ascent Development Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.74 (vs NT$2.00 in FY 2023)Full year 2024 results: EPS: NT$1.74 (down from NT$2.00 in FY 2023). Net income: NT$160.5m (down 13% from FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.
お知らせ • Mar 13+ 1 more updateAscent Development Co., Ltd., Annual General Meeting, Jun 19, 2025Ascent Development Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: b2 floor no,108, sec.1 tun hua s. rd., taipei city Taiwan
お知らせ • Jan 04Ascent Development Co., Ltd. Announces Change of CFO and Chief Accounting Officer for Subsidiary, Hanlin Development Co.,LtdAscent Development Co., Ltd. appointed Tan Tai Ling-Jung/Deputy Manager /Finance and Accounting Supervisor as Chief Financial Officer in place of Yeh, Ping-Hui/Manager/Finance and Accounting Supervisor for Subsidiary, Hanlin Development Co.,Ltd. Reason for the change: position adjustment. Effective date is January 3, 2025.
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 Risk Market cap is less than US$100m (NT$2.90b market cap, or US$89.2m).
分析記事 • Nov 20Ascent Development's (TWSE:1439) Solid Earnings May Rest On Weak FoundationsAscent Development Co., Ltd.'s ( TWSE:1439 ) healthy profit numbers didn't contain any surprises for investors. We...
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$0.38 (vs NT$0.27 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.38 (up from NT$0.27 in 3Q 2023). Net income: NT$34.7m (up 38% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 30Ascent Development Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Ascent Development Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024
New Risk • Aug 17New major risk - Revenue and earnings growthEarnings have declined by 38% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 38% per year over the past 5 years. Minor Risks Revenue is less than US$5m (NT$153m revenue, or US$4.7m). Market cap is less than US$100m (NT$3.03b market cap, or US$93.9m).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.13 (vs NT$0.56 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.13 (down from NT$0.56 in 2Q 2023). Revenue: NT$31.0m (up 51% from 2Q 2023). Net income: NT$11.6m (down 78% from 2Q 2023). Profit margin: 38% (down from 252% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 03Ascent Development Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024Ascent Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024
Upcoming Dividend • Jul 31Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 07 August 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.4%).
New Risk • May 20New 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Revenue is less than US$5m (NT$142m revenue, or US$4.4m). Market cap is less than US$100m (NT$2.60b market cap, or US$80.7m).
Reported Earnings • May 20First quarter 2024 earnings released: EPS: NT$0.54 (vs NT$0.54 in 1Q 2023)First quarter 2024 results: EPS: NT$0.54 (up from NT$0.54 in 1Q 2023). Net income: NT$49.9m (flat on 1Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • May 05Ascent Development Co., Ltd. to Report Q1, 2024 Results on May 13, 2024Ascent Development Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$2.00 (vs NT$1.00 in FY 2022)Full year 2023 results: EPS: NT$2.00 (up from NT$1.00 in FY 2022). Revenue: NT$199.2m (down 65% from FY 2022). Net income: NT$184.4m (up 100% from FY 2022). Profit margin: 93% (up from 16% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 89% 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 • Mar 15Ascent Development Co., Ltd., Annual General Meeting, Jun 27, 2024Ascent Development Co., Ltd., Annual General Meeting, Jun 27, 2024.
Reported Earnings • Aug 17Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: NT$20.5m (down 93% from 2Q 2022). Net income: NT$51.7m (up 149% from 2Q 2022).
Upcoming Dividend • Jul 10Upcoming dividend of NT$0.30 per share at 1.3% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (5.0%).
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Supervisor Hsiu-Yuan Lin is the most experienced director on the board, commencing their role in 2018. Independent Director Teng-Cheng Liu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Valuation Update With 7 Day Price Move • Oct 26Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$23.90, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 10x in the Retail Distributors industry in Taiwan. Total loss to shareholders of 5.5% over the past three years.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.23 (vs NT$0.042 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.23 (up from NT$0.042 loss in 2Q 2021). Net income: NT$20.8m (up NT$24.7m from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jun 16Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 29 July 2022. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (4.7%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.31 (vs NT$0.33 in 1Q 2021)First quarter 2022 results: EPS: NT$0.31 (down from NT$0.33 in 1Q 2021). Net income: NT$28.7m (down 4.8% from 1Q 2021). 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.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Hung-Mao Tien was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 07Chuwa Wool Industry Co., (Taiwan) Ltd., Annual General Meeting, Jun 23, 2022Chuwa Wool Industry Co., (Taiwan) Ltd., Annual General Meeting, Jun 23, 2022.
Reported Earnings • Mar 30Full year 2021 earnings released: EPS: NT$1.39 (vs NT$2.65 loss in FY 2020)Full year 2021 results: EPS: NT$1.39 (up from NT$2.65 loss in FY 2020). Net income: NT$128.3m (up NT$371.8m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS NT$0.51 (vs NT$0.28 in 3Q 2020)Third quarter 2021 results: Net income: NT$46.8m (up 81% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 18Second quarter 2021 earnings released: NT$0.04 loss per share (vs NT$0.25 loss in 2Q 2020)Second quarter 2021 results: Net loss: NT$3.89m (loss narrowed 83% from 2Q 2020). 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 8% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.084 loss in 1Q 2020)First quarter 2021 results: Net income: NT$30.1m (up NT$37.8m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
分析記事 • Apr 29Is Chuwa Wool Industry (Taiwan) (TPE:1439) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Apr 01Full year 2020 earnings released: NT$2.65 loss per share (vs NT$10.46 profit in FY 2019)Full year 2020 results: Net loss: NT$243.5m (down 125% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
分析記事 • Mar 07Did You Participate In Any Of Chuwa Wool Industry (Taiwan)'s (TPE:1439) Fantastic 137% Return ?Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...
分析記事 • Jan 31What Can The Trends At Chuwa Wool Industry (Taiwan) (TPE:1439) Tell Us About Their Returns?If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Is New 90 Day High Low • Jan 28New 90-day low: NT$25.60The company is down 2.0% from its price of NT$26.00 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 Retail Distributors industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Dec 29New 90-day high: NT$29.15The company is up 3.0% from its price of NT$28.30 on 30 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 10.0% over the same period.
分析記事 • Dec 27Is Chuwa Wool Industry Co., (Taiwan) Ltd.'s (TPE:1439) Recent Price Movement Underpinned By Its Weak Fundamentals?Chuwa Wool Industry (Taiwan) (TPE:1439) has had a rough month with its share price down 1.6%. It is possible that the...
分析記事 • Nov 22We're Not Counting On Chuwa Wool Industry (Taiwan) (TPE:1439) To Sustain Its Statutory ProfitabilityIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.28Third quarter 2020 results: Revenue: NT$19.7m (down 39% from 3Q 2019). Net income: NT$25.9m (up NT$25.1m from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Oct 20New 90-day low: NT$27.20The company is down 29% from its price of NT$38.30 on 22 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 4.0% over the same period.