TST Group Holding (4439) 주식 개요TST 그룹 홀딩스는 섬유 산업에서 면직물을 제조 및 판매하는 회사입니다. 자세히 보기4439 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적4/6재무 건전성5/6배당3/6강점주가수익률(12.3x)이 TW 시장(20.6x)보다 낮습니다.지난 1년간 수익이 297.7% 증가했습니다.위험 분석지난 5년간 매년 수익이 18.1% 감소했습니다.불안정한 배당 실적모든 위험 점검 보기4439 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW478,700 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA478,700 investors already sharing narrativesYour Fair ValueNT$Current PriceNT$102.0065.0% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture08b2016201920222025202620282031Revenue NT$6.0bEarnings NT$269.7mAdvancedSet Fair ValueView all narrativesTST Group Holding Ltd. 경쟁사King Chou Marine TechnologySymbol: TPEX:4417Market cap: NT$3.6bDe Licacy IndustrialSymbol: TWSE:1464Market cap: NT$4.4bLan Fa TextileSymbol: TWSE:1459Market cap: NT$3.8bFulin Plastic Industry (Cayman) HoldingSymbol: TWSE:1341Market cap: NT$3.1b가격 이력 및 성과TST Group Holding 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가NT$102.0052주 최고가NT$114.0052주 최저가NT$80.00베타0.361개월 변동11.11%3개월 변동3.98%1년 변동13.33%3년 변동-35.03%5년 변동-16.16%IPO 이후 변동-39.70%최근 뉴스 및 업데이트Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$107, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 19x in the Luxury industry in Taiwan. Total loss to shareholders of 21% over the past three years.Upcoming Dividend • Jul 09Upcoming dividend of NT$4.05 per shareEligible shareholders must have bought the stock before 16 July 2026. Payment date: 14 August 2026. Payout ratio is a comfortable 48% and the cash payout ratio is 77%. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (4.7%).Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$2.05 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00. Revenue: NT$1.81b (up 2.1% from 1Q 2025). Net income: NT$98.7m (up 27% from 1Q 2025). Profit margin: 5.4% (up from 4.4% in 1Q 2025).Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$99.70, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total loss to shareholders of 3.9% over the past three years.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$7.73 (vs NT$1.73 in FY 2024)Full year 2025 results: EPS: NT$7.73 (up from NT$1.73 in FY 2024). Revenue: NT$7.00b (up 29% from FY 2024). Net income: NT$294.1m (up 348% from FY 2024). Profit margin: 4.2% (up from 1.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% 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.New Risk • Mar 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.14b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.14b market cap, or US$98.7m).더 많은 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$107, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 19x in the Luxury industry in Taiwan. Total loss to shareholders of 21% over the past three years.Upcoming Dividend • Jul 09Upcoming dividend of NT$4.05 per shareEligible shareholders must have bought the stock before 16 July 2026. Payment date: 14 August 2026. Payout ratio is a comfortable 48% and the cash payout ratio is 77%. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (4.7%).Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$2.05 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00. Revenue: NT$1.81b (up 2.1% from 1Q 2025). Net income: NT$98.7m (up 27% from 1Q 2025). Profit margin: 5.4% (up from 4.4% in 1Q 2025).Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$99.70, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total loss to shareholders of 3.9% over the past three years.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$7.73 (vs NT$1.73 in FY 2024)Full year 2025 results: EPS: NT$7.73 (up from NT$1.73 in FY 2024). Revenue: NT$7.00b (up 29% from FY 2024). Net income: NT$294.1m (up 348% from FY 2024). Profit margin: 4.2% (up from 1.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% 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.New Risk • Mar 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.14b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.14b market cap, or US$98.7m).공고 • Mar 10TST Group Holding Ltd., Annual General Meeting, Jun 17, 2026TST Group Holding Ltd., Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,99, fu hsing n. rd., songshan district, taipei city TaiwanValuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$82.60, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Total loss to shareholders of 15% over the past three years.Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$106, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 19x in the Luxury industry in Taiwan. Total returns to shareholders of 17% over the past three years.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: NT$3.74 (vs NT$0.80 in 3Q 2024)Third quarter 2025 results: EPS: NT$3.74 (up from NT$0.80 in 3Q 2024). Revenue: NT$1.91b (up 38% from 3Q 2024). Net income: NT$142.2m (up 372% from 3Q 2024). Profit margin: 7.4% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: NT$1.92 (vs NT$1.13 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.92 (up from NT$1.13 in 2Q 2024). Revenue: NT$1.94b (up 26% from 2Q 2024). Net income: NT$72.9m (up 70% from 2Q 2024). Profit margin: 3.8% (up from 2.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% 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.Upcoming Dividend • Jul 23Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 28 August 2025. Payout ratio is on the higher end at 96% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.7%).Declared Dividend • Jul 04Dividend reduced to NT$2.00Dividend of NT$2.00 is 50% lower than last year. Ex-date: 30th July 2025 Payment date: 28th August 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 6.9% to bring the payout ratio under control. However, EPS has declined by 28% over the last 5 years so the company would need to reverse this trend.공고 • Jun 20+ 1 more updateTST Group Holding Ltd. Announces Expiration of Term of Remuneration Committee MembersTST Group Holding Ltd. announced the expiration of the 2nd term Remuneration Committee tenure on June 19, 2025. The previous position holders were King-Biau Lien, Kun-Ming Lee, and Heng-Yih Liu. King-Biau Lien served as President of Tuntex Incorporation, Kun-Ming Lee was a CPA at BOYANG CPAs Firm, and Heng-Yih Liu was a Full-time Associate Professor at the College of Management, Yuan Ze University. The new members shall be appointed by the next resolution of the board of directors. The term of the remuneration committee members shall end at the same time as that of the board of directors that appointed the members.New Risk • May 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin).Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$2.05 (vs NT$1.71 in 1Q 2024)First quarter 2025 results: EPS: NT$2.05 (up from NT$1.71 in 1Q 2024). Revenue: NT$1.78b (up 28% from 1Q 2024). Net income: NT$78.0m (up 21% from 1Q 2024). Profit margin: 4.4% (down from 4.6% 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 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.공고 • May 01TST Group Holding Ltd. to Report Q1, 2025 Results on May 08, 2025TST Group Holding Ltd. announced that they will report Q1, 2025 results on May 08, 2025Buy Or Sell Opportunity • Apr 30Now 22% overvaluedOver the last 90 days, the stock has fallen 12% to NT$86.10. The fair value is estimated to be NT$70.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 25%.Buy Or Sell Opportunity • Apr 10Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to NT$85.20. The fair value is estimated to be NT$70.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 25%.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$77.60, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total loss to shareholders of 23% over the past three years.New Risk • Apr 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. Earnings have declined by 8.4% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (NT$3.26b market cap, or US$98.6m).공고 • Mar 31TST Group Holding Ltd., Annual General Meeting, Jun 19, 2025TST Group Holding Ltd., Annual General Meeting, Jun 19, 2025, at 09:00 Taipei Standard Time. Location: 6 floor no,99, fu hsing n. rd., songshan district, taipei city TaiwanReported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$1.73 (vs NT$10.82 in FY 2023)Full year 2024 results: EPS: NT$1.73 (down from NT$10.82 in FY 2023). Revenue: NT$5.42b (up 4.4% from FY 2023). Net income: NT$65.7m (down 84% from FY 2023). Profit margin: 1.2% (down from 7.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.공고 • Mar 05TST Group Holding Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025TST Group Holding Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025분석 기사 • Dec 31Returns On Capital At TST Group Holding (TWSE:4439) Paint A Concerning PictureDid you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...분석 기사 • Nov 21TST Group Holding's (TWSE:4439) Problems Go Beyond Weak ProfitA lackluster earnings announcement from TST Group Holding Ltd. ( TWSE:4439 ) last week didn't sink the stock price. Our...Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$0.80 (vs NT$1.47 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.80 (down from NT$1.47 in 3Q 2023). Revenue: NT$1.39b (up 10.0% from 3Q 2023). Net income: NT$30.1m (down 46% from 3Q 2023). Profit margin: 2.2% (down from 4.4% 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 13% per year whereas the company’s share price has fallen by 9% per year.Buy Or Sell Opportunity • Nov 11Now 21% overvaluedOver the last 90 days, the stock has fallen 8.4% to NT$91.00. The fair value is estimated to be NT$75.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 6.8%.공고 • Nov 06TST Group Holding Ltd. to Report Q3, 2024 Results on Nov 13, 2024TST Group Holding Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024Buy Or Sell Opportunity • Sep 19Now 20% overvaluedOver the last 90 days, the stock has fallen 18% to NT$91.50. The fair value is estimated to be NT$76.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years, while earnings per share has been flat.공고 • Aug 17TST Group Holding Ltd. to Report Q2, 2024 Results on Aug 26, 2024TST Group Holding Ltd. announced that they will report Q2, 2024 results on Aug 26, 2024분석 기사 • Aug 07Investors Could Be Concerned With TST Group Holding's (TWSE:4439) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Upcoming Dividend • Jul 18Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.0%).공고 • Jun 20+ 1 more updateTST Group Holding Ltd. Approves Ratification of the Proposal of Dividend Distribution for 2023TST Group Holding Ltd. at its AGM held on June 19, 2024, approved ratification of the proposal of 2023 Earnings Distribution that distributing dividends at TWD 4 in cash dividends per share.Reported Earnings • May 11First quarter 2024 earnings released: EPS: NT$1.70 (vs NT$4.21 in 1Q 2023)First quarter 2024 results: EPS: NT$1.70 (down from NT$4.21 in 1Q 2023). Revenue: NT$1.39b (down 4.8% from 1Q 2023). Net income: NT$64.6m (down 59% from 1Q 2023). Profit margin: 4.6% (down from 11% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year.공고 • May 02TST Group Holding Ltd. to Report Q1, 2024 Results on May 09, 2024TST Group Holding Ltd. announced that they will report Q1, 2024 results on May 09, 2024분석 기사 • Mar 21Earnings Troubles May Signal Larger Issues for TST Group Holding (TWSE:4439) ShareholdersInvestors were disappointed by TST Group Holding Ltd.'s ( TWSE:4439 ) latest earnings release. We did some further...Reported Earnings • Mar 15Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$10.82 (down from NT$11.74 in FY 2022). Revenue: NT$5.19b (down 30% from FY 2022). Net income: NT$408.2m (down 7.7% from FY 2022). Profit margin: 7.9% (up from 6.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 9.9%. 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 6% per year, which means it is significantly lagging earnings.공고 • Mar 14TST Group Holding Ltd., Annual General Meeting, Jun 19, 2024TST Group Holding Ltd., Annual General Meeting, Jun 19, 2024.Reported Earnings • Nov 10Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: NT$1.47 (down from NT$3.32 in 3Q 2022). Revenue: NT$1.26b (down 34% from 3Q 2022). Net income: NT$55.3m (down 56% from 3Q 2022). Profit margin: 4.4% (down from 6.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year.Reported Earnings • Aug 20Second quarter 2023 earnings released: EPS: NT$4.82 (vs NT$3.36 in 2Q 2022)Second quarter 2023 results: EPS: NT$4.82 (up from NT$3.36 in 2Q 2022). Revenue: NT$1.49b (down 36% from 2Q 2022). Net income: NT$181.7m (up 44% from 2Q 2022). Profit margin: 12% (up from 5.4% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Luxury industry in Taiwan. 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 7% per year.New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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. Share price has been volatile over the past 3 months (6.5% average weekly change).Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$153, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 21x in the Luxury industry in Taiwan. Total returns to shareholders of 52% over the past three years.Upcoming Dividend • Jun 28Upcoming dividend of NT$7.00 per share at 5.3% yieldEligible shareholders must have bought the stock before 05 July 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.4%).공고 • Jun 16TST Group Holding Ltd. Announces Dividend for the Year 2022, Payable on August 3, 2023TST Group Holding Ltd. announced a cash dividend of cash dividends to common shareholders TWD 268,056,600 (TWD 7 allocated per share). Ex-rights (ex-dividend) trading date is on July 5, 2023. Ex-rights (ex-dividend) record date is on July 11, 2023. Payment date of cash dividend distribution is on August 3, 2023.Reported Earnings • May 13First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: NT$1.46b (down 30% from 1Q 2022). Net income: NT$158.6m (up 18% from 1Q 2022). Profit margin: 11% (up from 6.5% in 1Q 2022). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$129, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total returns to shareholders of 34% over the past three years.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director King-Biau Lien was the last independent director to join the board, commencing their role in 2019. 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 • Aug 19Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$3.36 (up from NT$2.04 in 2Q 2021). Revenue: NT$2.32b (up 28% from 2Q 2021). Net income: NT$126.5m (up 65% from 2Q 2021). Profit margin: 5.4% (up from 4.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 24%.공고 • Aug 18TST Group Holding Ltd. Announces Executive ChangesTST Group Holding Ltd. announced the 2nd term Audit Committee Convenor. Name of the previous position holder: King-Biau Lien. Resume of the previous position holder: Independent Director, Tainan Enterprises Co. Ltd. Name of the new position holder: Heng-Yih Liu. Resume of the new position holder: Full-time Associate Professor, College of Management, Yuan Ze University. Effective date of the new member is August 17, 2022. Any other matters that need to be specified: The members of the Audit Committee elected Heng-Yih Liu as the convener.Upcoming Dividend • Jul 05Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.0%).공고 • Jun 25+ 1 more updateTST Group Holding Ltd. Announces Cash Dividend, Payable on August 16, 2022TST Group Holding Ltd. announced cash dividends to common shares: TWD 141,070,500 (TWD 4.5/per share). Stock dividends to common shares: TWD 62,698,000 (TWD 2.0/per share). Ex-rights (ex-dividend) trading date is July 12, 2022. Ex-rights (ex-dividend) record date is July 18, 2022. Cash dividend will be distributed on August 16, 2022.공고 • Jun 16TST Group Holding Ltd. Approves Cash Dividend for 2021TST Group Holding Ltd. announced that at its shareholders meeting held on June 15, 2022, approved ratification of the proposal of 2021 earnings distribution that distributing dividends at TWD 4.5 in cash dividends per share and TWD 2 in stock dividends per share.Reported Earnings • May 17First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$4.29 (up from NT$4.03 in 1Q 2021). Revenue: NT$2.07b (up 38% from 1Q 2021). Net income: NT$134.5m (up 6.4% from 1Q 2021). Profit margin: 6.5% (down from 8.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%.Board Change • Apr 27Less 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 King-Biau Lien was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Mar 23TST Group Holding Ltd., Annual General Meeting, Jun 15, 2022TST Group Holding Ltd., Annual General Meeting, Jun 15, 2022. Location: 15F., No. 99, Fuxing N. Rd., Songshan Dist. Taipei City Taiwan Agenda: To consider the business report for 2021; to consider audit committee’s review report on the 2021 financial statements; to consider report on distribution of employees’ and directors’ 2021 remuneration; to consider the report on business performance and consolidated financial statements for 2021; to proposed distribution of earnings for 2021; to consider the amendments to part of the “Regulations Governing the Acquisition and Disposal of Assets; to discuss issue of new shares via capitalization of retained earnings for 2021; to consider the election of directors and independent directors; and other matters (if any).Buying Opportunity • Feb 22Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be NT$155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% per annum over the last 3 years. Earnings per share has been flat over the last 3 years.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS NT$3.16 (vs NT$6.16 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$2.27b (up 38% from 3Q 2020). Net income: NT$99.0m (down 49% from 3Q 2020). Profit margin: 4.4% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses.Upcoming Dividend • Aug 30Upcoming dividend of NT$6.50 per shareEligible shareholders must have bought the stock before 06 September 2021. Payment date: 07 October 2021. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.6%).Reported Earnings • Aug 20Second quarter 2021 earnings released: EPS NT$2.45 (vs NT$1.59 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$1.81b (up 70% from 2Q 2020). Net income: NT$76.8m (up 54% from 2Q 2020). Profit margin: 4.2% (down from 4.7% in 2Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$4.03 (vs NT$3.06 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.51b (up 5.7% from 1Q 2020). Net income: NT$126.4m (up 31% from 1Q 2020). Profit margin: 8.4% (up from 6.8% in 1Q 2020). The increase in margin was driven by higher revenue.분석 기사 • Apr 18TST Group Holding (TPE:4439) Will Will Want To Turn Around Its Return TrendsWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$13.25 (vs NT$13.92 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$5.39b (down 27% from FY 2019). Net income: NT$416.0m (up 7.2% from FY 2019). Profit margin: 7.7% (up from 5.3% in FY 2019). The increase in margin was driven by lower expenses.분석 기사 • Mar 12We Think TST Group Holding (TPE:4439) Can Manage Its Debt With EaseWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Is New 90 Day High Low • Mar 11New 90-day high: NT$161The company is up 3.0% from its price of NT$156 on 11 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 4.0% over the same period.분석 기사 • Feb 22Is TST Group Holding Ltd.'s (TPE:4439) Latest Stock Performance A Reflection Of Its Financial Health?TST Group Holding (TPE:4439) has had a great run on the share market with its stock up by a significant 9.2% over the...분석 기사 • Feb 02Three Things You Should Check Before Buying TST Group Holding Ltd. (TPE:4439) For Its DividendDividend paying stocks like TST Group Holding Ltd. ( TPE:4439 ) tend to be popular with investors, and for good reason...분석 기사 • Jan 04Here's Why TST Group Holding's (TPE:4439) Statutory Earnings Are Arguably Too ConservativeStatistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...분석 기사 • Dec 18TST Group Holding (TPE:4439) Share Prices Have Dropped 17% In The Last YearWhile it may not be enough for some shareholders, we think it is good to see the TST Group Holding Ltd. ( TPE:4439...분석 기사 • Dec 03These 4 Measures Indicate That TST Group Holding (TPE:4439) Is Using Debt SafelyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Valuation Update With 7 Day Price Move • Nov 27Market bids up stock over the past weekAfter last week's 20% share price gain to NT$169, the stock is trading at a trailing P/E ratio of 14.2x, up from the previous P/E ratio of 11.9x. This compares to an average P/E of 20x in the Luxury industry in Taiwan.Analyst Estimate Surprise Post Earnings • Nov 13Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 103%.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS NT$6.16The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.64b (down 22% from 3Q 2019). Net income: NT$193.1m (up 43% from 3Q 2019). Profit margin: 12% (up from 6.5% in 3Q 2019). The increase in margin was driven by lower expenses.Is New 90 Day High Low • Sep 24New 90-day low: NT$114The company is down 20% from its price of NT$142 on 24 June 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 2.0% over the same period.주주 수익률4439TW LuxuryTW 시장7D2.3%-1.8%-1.7%1Y13.3%-17.1%81.1%전체 주주 수익률 보기수익률 대 산업: 4439은 지난 1년 동안 -17.1%의 수익을 기록한 TW Luxury 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: 4439은 지난 1년 동안 81.1%를 기록한 TW 시장보다 저조한 성과를 냈습니다.주가 변동성Is 4439's price volatile compared to industry and market?4439 volatility4439 Average Weekly Movement3.9%Luxury Industry Average Movement4.4%Market Average Movement6.6%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.7%안정적인 주가: 4439는 지난 3개월 동안 TW 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 4439의 주간 변동성(4%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1995n/aChing-Wei Linwww.tstco.com.hkTST 그룹 홀딩스는 섬유 산업에서 면직물을 제조 및 판매하는 회사입니다. 또한 경영 컨설팅 서비스도 제공합니다. 이 회사는 1995년에 설립되었으며 케이맨 제도의 조지 타운에 본사를 두고 있습니다.더 보기TST Group Holding Ltd. 기초 지표 요약TST Group Holding의 순이익과 매출은 시가총액과 어떻게 비교됩니까?4439 기초 통계시가총액NT$3.88b순이익 (TTM)NT$314.75m매출 (TTM)NT$7.04b12.3x주가수익비율(P/E)0.6x주가매출비율(P/S)4439는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표4439 손익계산서 (TTM)매출NT$7.04b매출원가NT$5.74b총이익NT$1.30b기타 비용NT$982.18m순이익NT$314.75m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)8.28총이익률18.42%순이익률4.47%부채/자본 비율41.1%4439의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당3.9%현재 배당 수익률48%배당 성향4439는 안정적으로 배당을 지급합니까?4439 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 4439를 매수해야 하나요?TST Group Holding 배당 일정배당락일Jul 16 2026배당 지급일Aug 14 2026배당락일까지 남은 일수17 days배당 지급일까지 남은 일수12 days4439는 안정적으로 배당을 지급합니까?4439 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/01 20:09종가2026/07/31 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TST Group Holding Ltd.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Shawn YangMasterlink Securities Investment Advisory
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$107, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 19x in the Luxury industry in Taiwan. Total loss to shareholders of 21% over the past three years.
Upcoming Dividend • Jul 09Upcoming dividend of NT$4.05 per shareEligible shareholders must have bought the stock before 16 July 2026. Payment date: 14 August 2026. Payout ratio is a comfortable 48% and the cash payout ratio is 77%. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (4.7%).
Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$2.05 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00. Revenue: NT$1.81b (up 2.1% from 1Q 2025). Net income: NT$98.7m (up 27% from 1Q 2025). Profit margin: 5.4% (up from 4.4% in 1Q 2025).
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$99.70, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total loss to shareholders of 3.9% over the past three years.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$7.73 (vs NT$1.73 in FY 2024)Full year 2025 results: EPS: NT$7.73 (up from NT$1.73 in FY 2024). Revenue: NT$7.00b (up 29% from FY 2024). Net income: NT$294.1m (up 348% from FY 2024). Profit margin: 4.2% (up from 1.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% 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.
New Risk • Mar 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.14b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.14b market cap, or US$98.7m).
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$107, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 19x in the Luxury industry in Taiwan. Total loss to shareholders of 21% over the past three years.
Upcoming Dividend • Jul 09Upcoming dividend of NT$4.05 per shareEligible shareholders must have bought the stock before 16 July 2026. Payment date: 14 August 2026. Payout ratio is a comfortable 48% and the cash payout ratio is 77%. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (4.7%).
Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$2.05 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00. Revenue: NT$1.81b (up 2.1% from 1Q 2025). Net income: NT$98.7m (up 27% from 1Q 2025). Profit margin: 5.4% (up from 4.4% in 1Q 2025).
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$99.70, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total loss to shareholders of 3.9% over the past three years.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$7.73 (vs NT$1.73 in FY 2024)Full year 2025 results: EPS: NT$7.73 (up from NT$1.73 in FY 2024). Revenue: NT$7.00b (up 29% from FY 2024). Net income: NT$294.1m (up 348% from FY 2024). Profit margin: 4.2% (up from 1.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% 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.
New Risk • Mar 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.14b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.14b market cap, or US$98.7m).
공고 • Mar 10TST Group Holding Ltd., Annual General Meeting, Jun 17, 2026TST Group Holding Ltd., Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,99, fu hsing n. rd., songshan district, taipei city Taiwan
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$82.60, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Total loss to shareholders of 15% over the past three years.
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$106, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 19x in the Luxury industry in Taiwan. Total returns to shareholders of 17% over the past three years.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: NT$3.74 (vs NT$0.80 in 3Q 2024)Third quarter 2025 results: EPS: NT$3.74 (up from NT$0.80 in 3Q 2024). Revenue: NT$1.91b (up 38% from 3Q 2024). Net income: NT$142.2m (up 372% from 3Q 2024). Profit margin: 7.4% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: NT$1.92 (vs NT$1.13 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.92 (up from NT$1.13 in 2Q 2024). Revenue: NT$1.94b (up 26% from 2Q 2024). Net income: NT$72.9m (up 70% from 2Q 2024). Profit margin: 3.8% (up from 2.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% 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.
Upcoming Dividend • Jul 23Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 28 August 2025. Payout ratio is on the higher end at 96% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.7%).
Declared Dividend • Jul 04Dividend reduced to NT$2.00Dividend of NT$2.00 is 50% lower than last year. Ex-date: 30th July 2025 Payment date: 28th August 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 6.9% to bring the payout ratio under control. However, EPS has declined by 28% over the last 5 years so the company would need to reverse this trend.
공고 • Jun 20+ 1 more updateTST Group Holding Ltd. Announces Expiration of Term of Remuneration Committee MembersTST Group Holding Ltd. announced the expiration of the 2nd term Remuneration Committee tenure on June 19, 2025. The previous position holders were King-Biau Lien, Kun-Ming Lee, and Heng-Yih Liu. King-Biau Lien served as President of Tuntex Incorporation, Kun-Ming Lee was a CPA at BOYANG CPAs Firm, and Heng-Yih Liu was a Full-time Associate Professor at the College of Management, Yuan Ze University. The new members shall be appointed by the next resolution of the board of directors. The term of the remuneration committee members shall end at the same time as that of the board of directors that appointed the members.
New Risk • May 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin).
Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$2.05 (vs NT$1.71 in 1Q 2024)First quarter 2025 results: EPS: NT$2.05 (up from NT$1.71 in 1Q 2024). Revenue: NT$1.78b (up 28% from 1Q 2024). Net income: NT$78.0m (up 21% from 1Q 2024). Profit margin: 4.4% (down from 4.6% 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 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.
공고 • May 01TST Group Holding Ltd. to Report Q1, 2025 Results on May 08, 2025TST Group Holding Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Buy Or Sell Opportunity • Apr 30Now 22% overvaluedOver the last 90 days, the stock has fallen 12% to NT$86.10. The fair value is estimated to be NT$70.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 25%.
Buy Or Sell Opportunity • Apr 10Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to NT$85.20. The fair value is estimated to be NT$70.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 25%.
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$77.60, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total loss to shareholders of 23% over the past three years.
New Risk • Apr 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. Earnings have declined by 8.4% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (NT$3.26b market cap, or US$98.6m).
공고 • Mar 31TST Group Holding Ltd., Annual General Meeting, Jun 19, 2025TST Group Holding Ltd., Annual General Meeting, Jun 19, 2025, at 09:00 Taipei Standard Time. Location: 6 floor no,99, fu hsing n. rd., songshan district, taipei city Taiwan
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$1.73 (vs NT$10.82 in FY 2023)Full year 2024 results: EPS: NT$1.73 (down from NT$10.82 in FY 2023). Revenue: NT$5.42b (up 4.4% from FY 2023). Net income: NT$65.7m (down 84% from FY 2023). Profit margin: 1.2% (down from 7.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
공고 • Mar 05TST Group Holding Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025TST Group Holding Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025
분석 기사 • Dec 31Returns On Capital At TST Group Holding (TWSE:4439) Paint A Concerning PictureDid you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
분석 기사 • Nov 21TST Group Holding's (TWSE:4439) Problems Go Beyond Weak ProfitA lackluster earnings announcement from TST Group Holding Ltd. ( TWSE:4439 ) last week didn't sink the stock price. Our...
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$0.80 (vs NT$1.47 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.80 (down from NT$1.47 in 3Q 2023). Revenue: NT$1.39b (up 10.0% from 3Q 2023). Net income: NT$30.1m (down 46% from 3Q 2023). Profit margin: 2.2% (down from 4.4% 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 13% per year whereas the company’s share price has fallen by 9% per year.
Buy Or Sell Opportunity • Nov 11Now 21% overvaluedOver the last 90 days, the stock has fallen 8.4% to NT$91.00. The fair value is estimated to be NT$75.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 6.8%.
공고 • Nov 06TST Group Holding Ltd. to Report Q3, 2024 Results on Nov 13, 2024TST Group Holding Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024
Buy Or Sell Opportunity • Sep 19Now 20% overvaluedOver the last 90 days, the stock has fallen 18% to NT$91.50. The fair value is estimated to be NT$76.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years, while earnings per share has been flat.
공고 • Aug 17TST Group Holding Ltd. to Report Q2, 2024 Results on Aug 26, 2024TST Group Holding Ltd. announced that they will report Q2, 2024 results on Aug 26, 2024
분석 기사 • Aug 07Investors Could Be Concerned With TST Group Holding's (TWSE:4439) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Upcoming Dividend • Jul 18Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.0%).
공고 • Jun 20+ 1 more updateTST Group Holding Ltd. Approves Ratification of the Proposal of Dividend Distribution for 2023TST Group Holding Ltd. at its AGM held on June 19, 2024, approved ratification of the proposal of 2023 Earnings Distribution that distributing dividends at TWD 4 in cash dividends per share.
Reported Earnings • May 11First quarter 2024 earnings released: EPS: NT$1.70 (vs NT$4.21 in 1Q 2023)First quarter 2024 results: EPS: NT$1.70 (down from NT$4.21 in 1Q 2023). Revenue: NT$1.39b (down 4.8% from 1Q 2023). Net income: NT$64.6m (down 59% from 1Q 2023). Profit margin: 4.6% (down from 11% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year.
공고 • May 02TST Group Holding Ltd. to Report Q1, 2024 Results on May 09, 2024TST Group Holding Ltd. announced that they will report Q1, 2024 results on May 09, 2024
분석 기사 • Mar 21Earnings Troubles May Signal Larger Issues for TST Group Holding (TWSE:4439) ShareholdersInvestors were disappointed by TST Group Holding Ltd.'s ( TWSE:4439 ) latest earnings release. We did some further...
Reported Earnings • Mar 15Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$10.82 (down from NT$11.74 in FY 2022). Revenue: NT$5.19b (down 30% from FY 2022). Net income: NT$408.2m (down 7.7% from FY 2022). Profit margin: 7.9% (up from 6.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 9.9%. 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 6% per year, which means it is significantly lagging earnings.
공고 • Mar 14TST Group Holding Ltd., Annual General Meeting, Jun 19, 2024TST Group Holding Ltd., Annual General Meeting, Jun 19, 2024.
Reported Earnings • Nov 10Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: NT$1.47 (down from NT$3.32 in 3Q 2022). Revenue: NT$1.26b (down 34% from 3Q 2022). Net income: NT$55.3m (down 56% from 3Q 2022). Profit margin: 4.4% (down from 6.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year.
Reported Earnings • Aug 20Second quarter 2023 earnings released: EPS: NT$4.82 (vs NT$3.36 in 2Q 2022)Second quarter 2023 results: EPS: NT$4.82 (up from NT$3.36 in 2Q 2022). Revenue: NT$1.49b (down 36% from 2Q 2022). Net income: NT$181.7m (up 44% from 2Q 2022). Profit margin: 12% (up from 5.4% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Luxury industry in Taiwan. 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 7% per year.
New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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. Share price has been volatile over the past 3 months (6.5% average weekly change).
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$153, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 21x in the Luxury industry in Taiwan. Total returns to shareholders of 52% over the past three years.
Upcoming Dividend • Jun 28Upcoming dividend of NT$7.00 per share at 5.3% yieldEligible shareholders must have bought the stock before 05 July 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.4%).
공고 • Jun 16TST Group Holding Ltd. Announces Dividend for the Year 2022, Payable on August 3, 2023TST Group Holding Ltd. announced a cash dividend of cash dividends to common shareholders TWD 268,056,600 (TWD 7 allocated per share). Ex-rights (ex-dividend) trading date is on July 5, 2023. Ex-rights (ex-dividend) record date is on July 11, 2023. Payment date of cash dividend distribution is on August 3, 2023.
Reported Earnings • May 13First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: NT$1.46b (down 30% from 1Q 2022). Net income: NT$158.6m (up 18% from 1Q 2022). Profit margin: 11% (up from 6.5% in 1Q 2022). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$129, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total returns to shareholders of 34% over the past three years.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director King-Biau Lien was the last independent director to join the board, commencing their role in 2019. 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 • Aug 19Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$3.36 (up from NT$2.04 in 2Q 2021). Revenue: NT$2.32b (up 28% from 2Q 2021). Net income: NT$126.5m (up 65% from 2Q 2021). Profit margin: 5.4% (up from 4.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 24%.
공고 • Aug 18TST Group Holding Ltd. Announces Executive ChangesTST Group Holding Ltd. announced the 2nd term Audit Committee Convenor. Name of the previous position holder: King-Biau Lien. Resume of the previous position holder: Independent Director, Tainan Enterprises Co. Ltd. Name of the new position holder: Heng-Yih Liu. Resume of the new position holder: Full-time Associate Professor, College of Management, Yuan Ze University. Effective date of the new member is August 17, 2022. Any other matters that need to be specified: The members of the Audit Committee elected Heng-Yih Liu as the convener.
Upcoming Dividend • Jul 05Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.0%).
공고 • Jun 25+ 1 more updateTST Group Holding Ltd. Announces Cash Dividend, Payable on August 16, 2022TST Group Holding Ltd. announced cash dividends to common shares: TWD 141,070,500 (TWD 4.5/per share). Stock dividends to common shares: TWD 62,698,000 (TWD 2.0/per share). Ex-rights (ex-dividend) trading date is July 12, 2022. Ex-rights (ex-dividend) record date is July 18, 2022. Cash dividend will be distributed on August 16, 2022.
공고 • Jun 16TST Group Holding Ltd. Approves Cash Dividend for 2021TST Group Holding Ltd. announced that at its shareholders meeting held on June 15, 2022, approved ratification of the proposal of 2021 earnings distribution that distributing dividends at TWD 4.5 in cash dividends per share and TWD 2 in stock dividends per share.
Reported Earnings • May 17First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$4.29 (up from NT$4.03 in 1Q 2021). Revenue: NT$2.07b (up 38% from 1Q 2021). Net income: NT$134.5m (up 6.4% from 1Q 2021). Profit margin: 6.5% (down from 8.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
Board Change • Apr 27Less 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 King-Biau Lien was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Mar 23TST Group Holding Ltd., Annual General Meeting, Jun 15, 2022TST Group Holding Ltd., Annual General Meeting, Jun 15, 2022. Location: 15F., No. 99, Fuxing N. Rd., Songshan Dist. Taipei City Taiwan Agenda: To consider the business report for 2021; to consider audit committee’s review report on the 2021 financial statements; to consider report on distribution of employees’ and directors’ 2021 remuneration; to consider the report on business performance and consolidated financial statements for 2021; to proposed distribution of earnings for 2021; to consider the amendments to part of the “Regulations Governing the Acquisition and Disposal of Assets; to discuss issue of new shares via capitalization of retained earnings for 2021; to consider the election of directors and independent directors; and other matters (if any).
Buying Opportunity • Feb 22Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be NT$155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% per annum over the last 3 years. Earnings per share has been flat over the last 3 years.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS NT$3.16 (vs NT$6.16 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$2.27b (up 38% from 3Q 2020). Net income: NT$99.0m (down 49% from 3Q 2020). Profit margin: 4.4% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Aug 30Upcoming dividend of NT$6.50 per shareEligible shareholders must have bought the stock before 06 September 2021. Payment date: 07 October 2021. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.6%).
Reported Earnings • Aug 20Second quarter 2021 earnings released: EPS NT$2.45 (vs NT$1.59 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$1.81b (up 70% from 2Q 2020). Net income: NT$76.8m (up 54% from 2Q 2020). Profit margin: 4.2% (down from 4.7% in 2Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$4.03 (vs NT$3.06 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.51b (up 5.7% from 1Q 2020). Net income: NT$126.4m (up 31% from 1Q 2020). Profit margin: 8.4% (up from 6.8% in 1Q 2020). The increase in margin was driven by higher revenue.
분석 기사 • Apr 18TST Group Holding (TPE:4439) Will Will Want To Turn Around Its Return TrendsWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$13.25 (vs NT$13.92 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$5.39b (down 27% from FY 2019). Net income: NT$416.0m (up 7.2% from FY 2019). Profit margin: 7.7% (up from 5.3% in FY 2019). The increase in margin was driven by lower expenses.
분석 기사 • Mar 12We Think TST Group Holding (TPE:4439) Can Manage Its Debt With EaseWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Is New 90 Day High Low • Mar 11New 90-day high: NT$161The company is up 3.0% from its price of NT$156 on 11 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 4.0% over the same period.
분석 기사 • Feb 22Is TST Group Holding Ltd.'s (TPE:4439) Latest Stock Performance A Reflection Of Its Financial Health?TST Group Holding (TPE:4439) has had a great run on the share market with its stock up by a significant 9.2% over the...
분석 기사 • Feb 02Three Things You Should Check Before Buying TST Group Holding Ltd. (TPE:4439) For Its DividendDividend paying stocks like TST Group Holding Ltd. ( TPE:4439 ) tend to be popular with investors, and for good reason...
분석 기사 • Jan 04Here's Why TST Group Holding's (TPE:4439) Statutory Earnings Are Arguably Too ConservativeStatistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...
분석 기사 • Dec 18TST Group Holding (TPE:4439) Share Prices Have Dropped 17% In The Last YearWhile it may not be enough for some shareholders, we think it is good to see the TST Group Holding Ltd. ( TPE:4439...
분석 기사 • Dec 03These 4 Measures Indicate That TST Group Holding (TPE:4439) Is Using Debt SafelyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • Nov 27Market bids up stock over the past weekAfter last week's 20% share price gain to NT$169, the stock is trading at a trailing P/E ratio of 14.2x, up from the previous P/E ratio of 11.9x. This compares to an average P/E of 20x in the Luxury industry in Taiwan.
Analyst Estimate Surprise Post Earnings • Nov 13Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 103%.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS NT$6.16The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.64b (down 22% from 3Q 2019). Net income: NT$193.1m (up 43% from 3Q 2019). Profit margin: 12% (up from 6.5% in 3Q 2019). The increase in margin was driven by lower expenses.
Is New 90 Day High Low • Sep 24New 90-day low: NT$114The company is down 20% from its price of NT$142 on 24 June 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 2.0% over the same period.
