Reported Earnings • May 07
First quarter 2026 earnings released: EPS: NT$0.32 (vs NT$0.93 in 1Q 2025) First quarter 2026 results: EPS: NT$0.32 (down from NT$0.93 in 1Q 2025). Revenue: NT$629.4m (down 23% from 1Q 2025). Net income: NT$44.6m (down 66% from 1Q 2025). Profit margin: 7.1% (down from 16% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% 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 • Mar 14
Full year 2025 earnings released: EPS: NT$1.52 (vs NT$3.21 in FY 2024) Full year 2025 results: EPS: NT$1.52 (down from NT$3.21 in FY 2024). Revenue: NT$2.90b (down 7.5% from FY 2024). Net income: NT$211.1m (down 53% from FY 2024). Profit margin: 7.3% (down from 14% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 33% 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. 공시 • Mar 10
Basso Industry Corp., Annual General Meeting, Jun 15, 2026 Basso Industry Corp., Annual General Meeting, Jun 15, 2026, at 10:00 Taipei Standard Time. Location: 5 floor no,24, kung yeh ou rd., industrial area, taichung city Taiwan Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.80 (vs NT$0.85 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.80 (down from NT$0.85 in 3Q 2024). Revenue: NT$745.2m (down 11% from 3Q 2024). Net income: NT$110.6m (down 6.0% from 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Nov 13
New major risk - Revenue and earnings growth Earnings have declined by 5.4% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 153% Dividend per share is over 5x cash flows per share. Earnings have declined by 5.4% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (6.3% net profit margin). Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.69 loss per share (vs NT$0.92 profit in 2Q 2024) Second quarter 2025 results: NT$0.69 loss per share (down from NT$0.92 profit in 2Q 2024). Revenue: NT$741.2m (down 1.8% from 2Q 2024). Net loss: NT$95.0m (down 174% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 27% 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. New Risk • Aug 15
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 153% Dividend per share is over 8x cash flows per share. Dividend yield: 6.6% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 153% Dividend per share is over 8x cash flows per share. Minor Risk Profit margins are more than 30% lower than last year (6.3% net profit margin). Upcoming Dividend • Jul 28
Upcoming dividend of NT$2.20 per share Eligible shareholders must have bought the stock before 04 August 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 5.7%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.6%). Declared Dividend • Jun 25
Dividend increased to NT$2.20 Dividend of NT$2.20 is 10% higher than last year. Ex-date: 4th August 2025 Payment date: 29th August 2025 Dividend yield will be 6.0%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not covered by cash flows (180% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 20% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.7% EPS decline seen over the last 5 years. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.93 (vs NT$1.10 in 1Q 2024) First quarter 2025 results: EPS: NT$0.93 (down from NT$1.10 in 1Q 2024). Revenue: NT$816.1m (up 1.8% from 1Q 2024). Net income: NT$129.2m (down 16% from 1Q 2024). Profit margin: 16% (down from 19% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. 공시 • Apr 23
Basso Industry Corp. to Report Q1, 2025 Results on May 05, 2025 Basso Industry Corp. announced that they will report Q1, 2025 results on May 05, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$33.70, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 14x in the Consumer Durables industry in Taiwan. Total loss to shareholders of 4.7% over the past three years. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$3.21 (vs NT$2.67 in FY 2023) Full year 2024 results: EPS: NT$3.21 (up from NT$2.67 in FY 2023). Revenue: NT$3.13b (up 12% from FY 2023). Net income: NT$444.9m (up 20% from FY 2023). Profit margin: 14% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. 공시 • Mar 12
Basso Industry Corp., Annual General Meeting, Jun 18, 2025 Basso Industry Corp., Annual General Meeting, Jun 18, 2025, at 10:00 Taipei Standard Time. Location: 5 floor no,24, kung yeh ou rd., taichung city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.85 (vs NT$1.10 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.85 (down from NT$1.10 in 3Q 2023). Revenue: NT$836.1m (up 19% from 3Q 2023). Net income: NT$117.7m (down 23% from 3Q 2023). Profit margin: 14% (down from 22% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% 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. 공시 • Oct 30
Basso Industry Corp. to Report Q3, 2024 Results on Nov 11, 2024 Basso Industry Corp. announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.92 (vs NT$0.64 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.92 (up from NT$0.64 in 2Q 2023). Revenue: NT$754.8m (up 22% from 2Q 2023). Net income: NT$128.0m (up 45% from 2Q 2023). Profit margin: 17% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 공시 • Aug 01
Basso Industry Corp. to Report Q2, 2024 Results on Aug 12, 2024 Basso Industry Corp. announced that they will report Q2, 2024 results on Aug 12, 2024 Upcoming Dividend • Jul 22
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 29 July 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (3.3%). New Risk • Jun 05
New minor risk - Earnings quality The 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: Major Risk Earnings have declined by 11% per year over the past 5 years. 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. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: NT$1.10 (vs NT$0.63 in 1Q 2023) First quarter 2024 results: EPS: NT$1.10 (up from NT$0.63 in 1Q 2023). Revenue: NT$801.5m (flat on 1Q 2023). Net income: NT$153.0m (up 77% from 1Q 2023). Profit margin: 19% (up from 11% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. 공시 • Apr 25
Basso Industry Corp. to Report Q1, 2024 Results on May 06, 2024 Basso Industry Corp. announced that they will report Q1, 2024 results on May 06, 2024 Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: NT$2.67 (vs NT$5.36 in FY 2022) Full year 2023 results: EPS: NT$2.67 (down from NT$5.36 in FY 2022). Revenue: NT$2.78b (down 29% from FY 2022). Net income: NT$370.4m (down 50% from FY 2022). Profit margin: 13% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 공시 • Mar 12
Basso Industry Corp., Annual General Meeting, Jun 28, 2024 Basso Industry Corp., Annual General Meeting, Jun 28, 2024. Agenda: To consider 2023 Annual Business Report; to consider 2023 Annual Audit Committee reviews the final accounts report; to consider 2023 Employee remuneration and director remuneration distribution report; to consider 2023 Annual Profit Distribution Case; and to transact other business. Upcoming Dividend • Aug 17
Upcoming dividend of NT$2.40 per share at 5.9% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: NT$0.64 (vs NT$1.50 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.64 (down from NT$1.50 in 2Q 2022). Revenue: NT$619.8m (down 45% from 2Q 2022). Net income: NT$88.6m (down 57% from 2Q 2022). Profit margin: 14% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 13
Full year 2022 earnings released: EPS: NT$5.36 (vs NT$3.37 in FY 2021) Full year 2022 results: EPS: NT$5.36 (up from NT$3.37 in FY 2021). Revenue: NT$3.92b (down 13% from FY 2021). Net income: NT$742.1m (up 59% from FY 2021). Profit margin: 19% (up from 10% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following 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. 8 non-independent directors. Independent Director Chang Kai-Hsin was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: NT$1.82 (vs NT$0.81 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.82 (up from NT$0.81 in 3Q 2021). Revenue: NT$910.6m (down 23% from 3Q 2021). Net income: NT$252.3m (up 124% from 3Q 2021). Profit margin: 28% (up from 9.5% 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 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 17
Upcoming dividend of NT$2.40 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (4.7%). Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: NT$1.50 (vs NT$0.77 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.50 (up from NT$0.77 in 2Q 2021). Revenue: NT$1.13b (down 5.9% from 2Q 2021). Net income: NT$208.5m (up 96% from 2Q 2021). Profit margin: 19% (up from 8.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% 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 11
First quarter 2022 earnings released: EPS: NT$1.49 (vs NT$1.06 in 1Q 2021) First quarter 2022 results: EPS: NT$1.49 (up from NT$1.06 in 1Q 2021). Revenue: NT$1.17b (up 5.5% from 1Q 2021). Net income: NT$207.0m (up 41% from 1Q 2021). Profit margin: 18% (up from 13% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. 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. 7 experienced directors. 5 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Sheen Jen-Nan was the last independent director to join the board, commencing their role in 2017. 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 11
Third quarter 2021 earnings released: EPS NT$0.81 (vs NT$0.83 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.18b (up 25% from 3Q 2020). Net income: NT$112.5m (down 2.2% from 3Q 2020). Profit margin: 9.5% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.77 (vs NT$0.43 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.20b (up 52% from 2Q 2020). Net income: NT$106.6m (up 79% from 2Q 2020). Profit margin: 8.9% (up from 7.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$40.40, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 12x in the Consumer Durables industry in Taiwan. Total loss to shareholders of 13% over the past three years. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$2.94 (vs NT$4.15 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$3.59b (up 3.6% from FY 2019). Net income: NT$407.0m (down 29% from FY 2019). Profit margin: 11% (down from 17% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 23
New 90-day high: NT$46.85 The company is up 10.0% from its price of NT$42.40 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: NT$44.60 The company is up 13% from its price of NT$39.35 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is up 8.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.83 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$943.6m (up 11% from 3Q 2019). Net income: NT$115.0m (down 30% from 3Q 2019). Profit margin: 12% (down from 19% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 11
New 90-day high: NT$41.85 The company is up 4.0% from its price of NT$40.10 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 Consumer Durables industry, which is up 9.0% over the same period.