Upcoming Dividend • Jul 14
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 21 July 2026. Payment date: 11 August 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (1.7%). 공고 • Mar 09
Jong Shyn Shipbuilding Co., Ltd., Annual General Meeting, Jun 26, 2026 Jong Shyn Shipbuilding Co., Ltd., Annual General Meeting, Jun 26, 2026, at 10:00 Taipei Standard Time. Location: 5 floor no,77 shang chu ln., cijin district, kaohsiung city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 41% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (0.5% net profit margin). New Risk • Sep 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% 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 Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Earnings have declined by 41% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin). 공고 • Mar 25
Jong Shyn Shipbuilding Co., Ltd., Annual General Meeting, Jun 20, 2025 Jong Shyn Shipbuilding Co., Ltd., Annual General Meeting, Jun 20, 2025, at 10:00 Taipei Standard Time. Location: 5 floor no,77 shang chu ln., cijin district, kaohsiung city Taiwan New Risk • Feb 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 44% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (0.8% net profit margin). New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 44% 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 Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 44% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin). Upcoming Dividend • Aug 15
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 22 August 2024. Payment date: 30 September 2024. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.6%). Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: NT$0.43 (vs NT$1.53 in FY 2022) Full year 2023 results: EPS: NT$0.43 (down from NT$1.53 in FY 2022). Revenue: NT$4.31b (up 1.6% from FY 2022). Net income: NT$34.0m (down 71% from FY 2022). Profit margin: 0.8% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses. 공고 • Mar 22
Jong Shyn Shipbuilding Co., Ltd., Annual General Meeting, Jun 18, 2024 Jong Shyn Shipbuilding Co., Ltd., Annual General Meeting, Jun 18, 2024. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Revenue has declined by 6.0% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Buying Opportunity • Sep 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be NT$143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last year. Earnings per share has declined by 32%. Reported Earnings • Aug 16
First half 2023 earnings released: EPS: NT$0.22 (vs NT$1.12 in 1H 2022) First half 2023 results: EPS: NT$0.22 (down from NT$1.12 in 1H 2022). Revenue: NT$1.94b (down 11% from 1H 2022). Net income: NT$16.9m (down 80% from 1H 2022). Profit margin: 0.9% (down from 3.9% in 1H 2022). Buying Opportunity • Aug 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be NT$145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last year. Earnings per share has declined by 31%. New Risk • Aug 14
New major risk - Revenue and earnings growth Revenue has declined by 6.0% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Interest payments are not well covered by earnings (2.0x net interest cover). Revenue has declined by 6.0% over the past year. Minor Risks Less than 3 years of financial data is available. Large one-off items impacting financial results. Upcoming Dividend • Jul 13
Upcoming dividend of NT$0.60 per share at 0.4% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 24 August 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.1%).