Upcoming Dividend • Apr 02
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 09 April 2026. Payment date: 08 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (5.4%). Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: NT$4.57 (vs NT$4.55 in FY 2024) Full year 2025 results: EPS: NT$4.57 (up from NT$4.55 in FY 2024). Revenue: NT$1.77b (up 28% from FY 2024). Net income: NT$89.9m (up 11% from FY 2024). Profit margin: 5.1% (down from 5.8% in FY 2024). The decrease in margin was driven by higher expenses. Declared Dividend • Mar 12
Dividend of NT$2.50 announced Shareholders will receive a dividend of NT$2.50. Ex-date: 9th April 2026 Payment date: 8th May 2026 Dividend yield will be 6.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (53% cash payout ratio). The dividend has decreased by an average of 5.1% per year over the past 2 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is less than the 59% EPS growth achieved over the last 5 years. 공시 • Mar 11
KINGZA International CO.,Ltd., Annual General Meeting, Jun 09, 2026 KINGZA International CO.,Ltd., Annual General Meeting, Jun 09, 2026, at 11:00 Taipei Standard Time. Location: 1 floor no,88, chuang ching 1st rd., jhubei city, hsinchu county Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$1.41 (vs NT$1.50 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.41. Revenue: NT$517.7m (up 46% from 3Q 2024). Net income: NT$27.9m (up 5.1% from 3Q 2024). Profit margin: 5.4% (down from 7.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Upcoming Dividend • Aug 21
Upcoming dividend of NT$1.49 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 30 September 2025. Payout ratio is on the higher end at 100%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.8%). Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$1.03 (vs NT$1.09 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.03. Revenue: NT$399.8m (up 19% from 2Q 2024). Net income: NT$20.1m (up 9.1% from 2Q 2024). Profit margin: 5.0% (down from 5.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Reported Earnings • May 19
First quarter 2025 earnings released: EPS: NT$0.89 (vs NT$0.88 in 1Q 2024) First quarter 2025 results: EPS: NT$0.89 (up from NT$0.88 in 1Q 2024). Revenue: NT$364.1m (up 8.2% from 1Q 2024). Net income: NT$17.4m (up 16% from 1Q 2024). Profit margin: 4.8% (up from 4.5% in 1Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$67.00, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 19x in the Hospitality industry in Taiwan. Total loss to shareholders of 40% over the past year. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$52.30, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 16x in the Hospitality industry in Taiwan. Total loss to shareholders of 56% over the past year. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: NT$4.55 (vs NT$6.83 in FY 2023) Full year 2024 results: EPS: NT$4.55 (down from NT$6.83 in FY 2023). Revenue: NT$1.39b (up 11% from FY 2023). Net income: NT$81.1m (down 30% from FY 2023). Profit margin: 5.8% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Declared Dividend • Mar 19
Dividend of NT$4.50 announced Shareholders will receive a dividend of NT$4.50. Ex-date: 1st April 2025 Payment date: 5th May 2025 Dividend yield will be 6.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio). However, it is covered by cash flows (53% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control, which is less than the 57% EPS growth achieved over the last 5 years. 공시 • Mar 06
KINGZA International CO.,Ltd., Annual General Meeting, Jun 03, 2025 KINGZA International CO.,Ltd., Annual General Meeting, Jun 03, 2025. Location: 1 floor no,88, chuang ching 1st rd., jhubei city, hsinchu county Taiwan Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$1.50 (vs NT$1.54 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.50. Revenue: NT$354.4m (up 5.2% from 3Q 2023). Net income: NT$26.5m (up 1.7% from 3Q 2023). Profit margin: 7.5% (down from 7.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Hospitality industry in Taiwan. New Risk • Oct 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (99% payout ratio). Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (NT$1.38b market cap, or US$42.8m). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (NT$1.22b market cap, or US$38.2m). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$74.50, the stock trades at a trailing P/E ratio of 14.8x. Average forward P/E is 16x in the Hospitality industry in Taiwan. Total loss to shareholders of 38% over the past year. New Risk • Aug 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.4% Last year net profit margin: 9.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (99% payout ratio). Profit margins are more than 30% lower than last year (6.4% net profit margin). Market cap is less than US$100m (NT$1.59b market cap, or US$49.4m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$1.09 (vs NT$1.93 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.09 (down from NT$1.93 in 2Q 2023). Revenue: NT$336.5m (up 15% from 2Q 2023). Net income: NT$18.5m (down 44% from 2Q 2023). Profit margin: 5.5% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.88 (vs NT$1.88 in 1Q 2023) First quarter 2024 results: EPS: NT$0.88 (down from NT$1.88 in 1Q 2023). Revenue: NT$336.5m (up 16% from 1Q 2023). Net income: NT$15.0m (down 53% from 1Q 2023). Profit margin: 4.5% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. New Risk • Apr 09
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 4.0% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (NT$2.14b market cap, or US$66.7m). 공시 • Mar 14
KINGZA International CO.,Ltd., Annual General Meeting, Jun 05, 2024 KINGZA International CO.,Ltd., Annual General Meeting, Jun 05, 2024.