Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.97 (vs NT$0.32 in 1Q 2021) First quarter 2022 results: EPS: NT$0.97 (up from NT$0.32 in 1Q 2021). Revenue: NT$1.78b (down 24% from 1Q 2021). Net income: NT$74.0m (up 200% from 1Q 2021). Profit margin: 4.2% (up from 1.0% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Hui-Erh Yuan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. お知らせ • Apr 13
Coaster International Co., Ltd., Annual General Meeting, Jun 27, 2022 Coaster International Co., Ltd., Annual General Meeting, Jun 27, 2022. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$4.02 (vs NT$3.24 in FY 2020) Full year 2021 results: EPS: NT$4.02 (up from NT$3.24 in FY 2020). Revenue: NT$8.81b (down 14% from FY 2020). Net income: NT$306.1m (up 24% from FY 2020). Profit margin: 3.5% (up from 2.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 15% share price gain to NT$30.30, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 12x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 15% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.93 (vs NT$1.08 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$1.88b (down 34% from 3Q 2020). Net income: NT$70.4m (down 14% from 3Q 2020). Profit margin: 3.7% (up from 2.9% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS NT$0.70 (vs NT$1.47 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$2.49b (up 2.0% from 2Q 2020). Net income: NT$53.1m (down 53% from 2Q 2020). Profit margin: 2.1% (down from 4.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.32 (vs NT$0.79 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: NT$2.35b (flat on 1Q 2020). Net income: NT$24.6m (up NT$84.7m from 1Q 2020). Profit margin: 1.0% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 34% share price gain to NT$29.25, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 18x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 8.9% over the past three years. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$3.24 (vs NT$0.95 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$10.3b (down 12% from FY 2019). Net income: NT$246.3m (up NT$318.6m from FY 2019). Profit margin: 2.4% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day low: NT$19.85 The company is down 1.0% from its price of NT$20.05 on 27 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. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$1.08 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$2.87b (down 2.1% from 3Q 2019). Net income: NT$82.2m (up NT$92.3m from 3Q 2019). Profit margin: 2.9% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 11
New 90-day high: NT$21.50 The company is up 6.0% from its price of NT$20.25 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Retail Distributors industry, which is up 7.0% over the same period.