View Financial HealthFroch Enterprise 배당 및 자사주 매입배당 기준 점검 3/6Froch Enterprise 수익으로 충분히 충당되는 현재 수익률 2.88% 보유한 배당금 지급 회사입니다.핵심 정보2.9%배당 수익률0.3%자사주 매입 수익률총 주주 수익률3.1%미래 배당 수익률n/a배당 성장률0.7%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향75%최근 배당 및 자사주 매입 업데이트Declared Dividend • Jun 18Dividend increased to NT$0.71Dividend of NT$0.71 is 42% higher than last year. Ex-date: 1st July 2025 Payment date: 1st August 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.분석 기사 • Jun 15Froch Enterprise (TWSE:2030) Will Pay A Smaller Dividend Than Last YearFroch Enterprise Co., Ltd. ( TWSE:2030 ) has announced that on 2nd of August, it will be paying a dividend ofNT$0.50...Declared Dividend • Jun 14Dividend reduced to NT$0.50Dividend of NT$0.50 is 67% lower than last year. Ex-date: 4th July 2024 Payment date: 2nd August 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (275% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 206% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend.공시 • Jun 14Froch Enterprise Co., Ltd. Approves Cash Dividend, Payable on August 2, 2024Froch Enterprise Co., Ltd. at its AGM held on June 12, 2024 approved cash dividends of TWD 0.50 per share. Total amount of cash dividends is TWD 140,263,014. Ex-rights (ex-dividend) record date: July 10, 2024. Payment date of cash dividend distribution: August 2, 2024. Ex-rights (ex-dividend) trading date is July 4, 2024.Upcoming Dividend • Jun 28Upcoming dividend of NT$1.50 per share at 6.5% yieldEligible shareholders must have bought the stock before 05 July 2023. Payment date: 02 August 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).공시 • Jun 16Froch Enterprise Co., Ltd. Announces Cash Dividends for the Year Ended December 31, 2022, Payable on August 2, 2023The board of directors Froch Enterprise Co., Ltd. at its AGM held on June 15, 2023 announced appropriations of earnings in cash dividends of TWD 1.50 per share for the year 2022. Total amount of cash distributed to shareholders is TWD 420,789,041. Ex-rights (ex-dividend) record date: July 11, 2023. Payment date of cash dividend distribution: August 2, 2023.모든 업데이트 보기Recent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.61 (vs NT$0.30 in 1Q 2025)First quarter 2026 results: EPS: NT$0.61 (up from NT$0.30 in 1Q 2025). Revenue: NT$2.64b (down 1.4% from 1Q 2025). Net income: NT$168.5m (up 104% from 1Q 2025). Profit margin: 6.4% (up from 3.1% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.공시 • Mar 11Froch Enterprise Co., Ltd., Annual General Meeting, May 27, 2026Froch Enterprise Co., Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,7, tou kung 10th rd., douliou city, yunlin county TaiwanReported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.35 (vs NT$0.84 in FY 2024)Full year 2025 results: EPS: NT$0.35 (down from NT$0.84 in FY 2024). Revenue: NT$10.1b (down 18% from FY 2024). Net income: NT$97.0m (down 59% from FY 2024). Profit margin: 1.0% (down from 1.9% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$0.07 (vs NT$0.36 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.07 (down from NT$0.36 in 3Q 2024). Revenue: NT$2.48b (down 21% from 3Q 2024). Net income: NT$20.5m (down 80% from 3Q 2024). Profit margin: 0.8% (down from 3.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 08Second quarter 2025 earnings released: NT$0.25 loss per share (vs NT$0.41 profit in 2Q 2024)Second quarter 2025 results: NT$0.25 loss per share (down from NT$0.41 profit in 2Q 2024). Revenue: NT$2.53b (down 26% from 2Q 2024). Net loss: NT$67.8m (down 158% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Board Change • Jul 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Director Huei-Kuei Chen was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Declared Dividend • Jun 18Dividend increased to NT$0.71Dividend of NT$0.71 is 42% higher than last year. Ex-date: 1st July 2025 Payment date: 1st August 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$0.30 (vs NT$0.11 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.30 (up from NT$0.11 loss in 1Q 2024). Revenue: NT$2.67b (down 6.9% from 1Q 2024). Net income: NT$82.5m (up NT$114.6m from 1Q 2024). Profit margin: 3.1% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.공시 • Apr 29Froch Enterprise Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Froch Enterprise Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$14.70, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 54% over the past three years.공시 • Mar 14Froch Enterprise Co., Ltd., Annual General Meeting, Jun 16, 2025Froch Enterprise Co., Ltd., Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: no,7, kung shih rd., douliou city, yunlin county TaiwanReported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$0.84 (vs NT$0.18 in FY 2023)Full year 2024 results: EPS: NT$0.84 (up from NT$0.18 in FY 2023). Revenue: NT$12.4b (down 3.6% from FY 2023). Net income: NT$235.8m (up 363% from FY 2023). Profit margin: 1.9% (up from 0.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.분석 기사 • Feb 15We Think Froch Enterprise (TWSE:2030) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.36 (vs NT$0.048 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.36 (up from NT$0.048 in 3Q 2023). Revenue: NT$3.12b (down 1.3% from 3Q 2023). Net income: NT$101.3m (up NT$87.8m from 3Q 2023). Profit margin: 3.2% (up from 0.4% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.분석 기사 • Oct 01Pinning Down Froch Enterprise Co., Ltd.'s (TWSE:2030) P/E Is Difficult Right NowFroch Enterprise Co., Ltd.'s ( TWSE:2030 ) price-to-earnings (or "P/E") ratio of 62.2x might make it look like a strong...Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: NT$0.41 (vs NT$0.36 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.41 (up from NT$0.36 loss in 2Q 2023). Revenue: NT$3.41b (down 1.6% from 2Q 2023). Net income: NT$116.0m (up NT$217.7m from 2Q 2023). Profit margin: 3.4% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance.공시 • Jul 30Froch Enterprise Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Froch Enterprise Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024Reported Earnings • Jun 29First quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.53 profit in 1Q 2023)First quarter 2024 results: NT$0.11 loss per share (down from NT$0.53 profit in 1Q 2023). Revenue: NT$2.87b (down 11% from 1Q 2023). Net loss: NT$32.1m (down 121% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.분석 기사 • Jun 15Froch Enterprise (TWSE:2030) Will Pay A Smaller Dividend Than Last YearFroch Enterprise Co., Ltd. ( TWSE:2030 ) has announced that on 2nd of August, it will be paying a dividend ofNT$0.50...Declared Dividend • Jun 14Dividend reduced to NT$0.50Dividend of NT$0.50 is 67% lower than last year. Ex-date: 4th July 2024 Payment date: 2nd August 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (275% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 206% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend.공시 • Jun 14Froch Enterprise Co., Ltd. Approves Cash Dividend, Payable on August 2, 2024Froch Enterprise Co., Ltd. at its AGM held on June 12, 2024 approved cash dividends of TWD 0.50 per share. Total amount of cash dividends is TWD 140,263,014. Ex-rights (ex-dividend) record date: July 10, 2024. Payment date of cash dividend distribution: August 2, 2024. Ex-rights (ex-dividend) trading date is July 4, 2024.공시 • May 01Froch Enterprise Co., Ltd. to Report Q1, 2024 Results on May 09, 2024Froch Enterprise Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024공시 • Mar 15Froch Enterprise Co., Ltd., Annual General Meeting, Jun 12, 2024Froch Enterprise Co., Ltd., Annual General Meeting, Jun 12, 2024.Reported Earnings • Mar 14Full year 2023 earnings released: EPS: NT$0.18 (vs NT$2.64 in FY 2022)Full year 2023 results: EPS: NT$0.18 (down from NT$2.64 in FY 2022). Revenue: NT$12.9b (down 21% from FY 2022). Net income: NT$51.0m (down 93% from FY 2022). Profit margin: 0.4% (down from 4.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.New Risk • Aug 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Dividend is not well covered by earnings (dividend per share is over 5x earnings per share). Profit margins are more than 30% lower than last year (0.6% net profit margin).Reported Earnings • Aug 10Second quarter 2023 earnings released: NT$0.36 loss per share (vs NT$1.29 profit in 2Q 2022)Second quarter 2023 results: NT$0.36 loss per share (down from NT$1.29 profit in 2Q 2022). Revenue: NT$3.46b (down 23% from 2Q 2022). Net loss: NT$101.7m (down 128% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 4.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 28Upcoming dividend of NT$1.50 per share at 6.5% yieldEligible shareholders must have bought the stock before 05 July 2023. Payment date: 02 August 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).공시 • Jun 16Froch Enterprise Co., Ltd. Announces Cash Dividends for the Year Ended December 31, 2022, Payable on August 2, 2023The board of directors Froch Enterprise Co., Ltd. at its AGM held on June 15, 2023 announced appropriations of earnings in cash dividends of TWD 1.50 per share for the year 2022. Total amount of cash distributed to shareholders is TWD 420,789,041. Ex-rights (ex-dividend) record date: July 11, 2023. Payment date of cash dividend distribution: August 2, 2023.Reported Earnings • Mar 15Full year 2022 earnings released: EPS: NT$2.64 (vs NT$4.29 in FY 2021)Full year 2022 results: EPS: NT$2.64 (down from NT$4.29 in FY 2021). Revenue: NT$16.2b (up 6.6% from FY 2021). Net income: NT$741.2m (down 39% from FY 2021). Profit margin: 4.6% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target increased to NT$26.00Up from NT$18.00, the current price target is provided by 1 analyst. New target price is 14% above last closing price of NT$22.80. Stock is down 23% over the past year. The company posted earnings per share of NT$4.29 last year.Reported Earnings • Nov 07Third quarter 2022 earnings released: EPS: NT$0.02 (vs NT$1.30 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.02 (down from NT$1.30 in 3Q 2021). Revenue: NT$4.08b (up 3.2% from 3Q 2021). Net income: NT$5.22m (down 99% from 3Q 2021). Profit margin: 0.1% (down from 9.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 3.9% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 16Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be NT$31.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 78%.Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: NT$1.29 (vs NT$0.99 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.29 (up from NT$0.99 in 2Q 2021). Revenue: NT$4.47b (up 19% from 2Q 2021). Net income: NT$362.4m (up 30% from 2Q 2021). Profit margin: 8.1% (up from 7.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 1.4% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 14Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 17 August 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 8.8%. Within top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (9.1%).공시 • Jun 22+ 1 more updateFroch Enterprise Co., Ltd. Announces Member Change of the Remuneration CommitteeFroch Enterprise Co., Ltd. announced the Member Change of the Remuneration Committee: Name of the previous position holder: Shun-Te Wen. Ying-Fang Lee. Shu-Fu Wang. Resume of the previous position holder: Shun-Te Wen¡GFormer Head of Fengyuan Branch, National Taxation Bureau of the Central Area, Ministry of Finance/Chang Hong Energy Technology Co., Ltd- Supervisor. Ying-Fang Lee¡GFormer Section Chief of Huwei Branch, National Taxation Bureau of the Central Area, Ministry of Finance. Shu-Fu Wang¡GFormer Section Chief of the National Taxation Bureau of the Central Area, Ministry of Finance. Name of the new position holder: Shun-Te Wen. Ying-Fang Lee. Shu-Fu Wang. Huei-Kuei Chen. Resume of the new position holder: Shun-Te Wen¡GFormer Head of Fengyuan Branch, National Taxation Bureau of the Central Area, Ministry of Finance. Ying-Fang Lee¡GFormer Section Chief of Huwei Branch, National Taxation Bureau of the Central Area, Ministry of Finance. Shu-Fu Wang¡GFormer Section Chief of the National Taxation Bureau of the Central Area, Ministry of Finance. Huei-Kuei Chen¡GFormer General Manager, Huwei Branch, Taiwan Land Bank. Effective date of the new member is June 21, 2022.Buying Opportunity • Jun 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be NT$33.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 63%.Reported Earnings • May 07First quarter 2022 earnings released: EPS: NT$1.25 (vs NT$0.45 in 1Q 2021)First quarter 2022 results: EPS: NT$1.25 (up from NT$0.45 in 1Q 2021). Revenue: NT$4.45b (up 49% from 1Q 2021). Net income: NT$349.3m (up 180% from 1Q 2021). Profit margin: 7.9% (up from 4.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.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 Ying-Fang Lee 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.Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$38.70, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 216% over the past three years.Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$4.29 (up from NT$0.38 in FY 2020). Revenue: NT$15.2b (up 44% from FY 2020). Net income: NT$1.20b (up NT$1.10b from FY 2020). Profit margin: 7.9% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 21%. Over the next year, revenue is expected to shrink by 8.8% compared to a 8.5% growth forecast for the mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 32% per year.Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS NT$1.30 (vs NT$0.23 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.96b (up 43% from 3Q 2020). Net income: NT$364.3m (up 462% from 3Q 2020). Profit margin: 9.2% (up from 2.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 27Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 03 September 2021. Payment date: 29 September 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$32.00, the stock trades at a trailing P/E ratio of 15.7x. Average forward P/E is 10x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 140% over the past three years.Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS NT$0.99 (vs NT$0.037 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$3.75b (up 43% from 2Q 2020). Net income: NT$278.0m (up NT$288.6m from 2Q 2020). Profit margin: 7.4% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 37% share price gain to NT$49.00, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 32x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 290% over the past three years.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$28.15, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 24x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 117% over the past three years.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$20.80, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 21x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 54% over the past three years.Valuation Update With 7 Day Price Move • May 11Investor sentiment improved over the past weekAfter last week's 29% share price gain to NT$22.60, the stock trades at a trailing P/E ratio of 22.2x. Average forward P/E is 15x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 74% over the past three years.분석 기사 • Apr 26Investors Will Want Froch Enterprise's (TPE:2030) Growth In ROCE To PersistThere are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$16.10, the stock trades at a trailing P/E ratio of 42x. Average forward P/E is 14x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 24% over the past three years.Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$0.38 (vs NT$0.94 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$10.6b (down 12% from FY 2019). Net income: NT$108.4m (down 60% from FY 2019). Profit margin: 1.0% (down from 2.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 54% 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.분석 기사 • Mar 01Should Froch Enterprise Co., Ltd. (TPE:2030) Be Part Of Your Income Portfolio?Today we'll take a closer look at Froch Enterprise Co., Ltd. ( TPE:2030 ) from a dividend investor's perspective...Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$14.45, the stock is trading at a trailing P/E ratio of 61.2x, up from the previous P/E ratio of 51.2x. This compares to an average P/E of 25x in the Metals and Mining industry in Taiwan. Total returns to shareholders over the past three years are 4.6%.분석 기사 • Feb 06Is Froch Enterprise (TPE:2030) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Jan 16Returns On Capital - An Important Metric For Froch Enterprise (TPE:2030)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...분석 기사 • Dec 26Is Froch Enterprise Co., Ltd.'s (TPE:2030) 1.8% ROE Worse Than Average?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...Is New 90 Day High Low • Dec 14New 90-day high: NT$13.60The company is up 28% from its price of NT$10.65 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$6.13 per share.분석 기사 • Dec 05Did You Participate In Any Of Froch Enterprise's (TPE:2030) Respectable 60% Return?When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...Is New 90 Day High Low • Nov 27New 90-day high: NT$11.35The company is up 9.0% from its price of NT$10.40 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$5.84 per share.Reported Earnings • Nov 04Third quarter 2020 earnings released: EPS NT$0.22The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$2.76b (down 14% from 3Q 2019). Net income: NT$64.8m (down 38% from 3Q 2019). Profit margin: 2.3% (down from 3.3% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 2030 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: 2030 8 년 동안만 배당금을 지급해 왔으며 그 이후 지급액이 감소했습니다.배당 수익률 vs 시장Froch Enterprise 배당 수익률 vs 시장2030의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (2030)2.9%시장 하위 25% (TW)1.5%시장 상위 25% (TW)5.1%업계 평균 (Metals and Mining)2.9%분석가 예측 (2030) (최대 3년)n/a주목할만한 배당금: 2030 의 배당금( 2.88% )은 TW 시장에서 배당금 지급자의 하위 25%( 1.48% )보다 높습니다.고배당: 2030 의 배당금( 2.88% )은 TW 시장에서 배당금 지급자의 상위 25%( 5.06% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 현재 지불 비율 ( 75.4% )에서 2030 의 지불은 수입으로 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 23.9% )이 낮기 때문에 2030 의 배당금 지급은 현금 흐름으로 잘 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 20:51종가2026/05/21 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Froch Enterprise Co., Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jihong LaiCapital Securities CorporationYili ChenSinoPac Securities Investment Service
Declared Dividend • Jun 18Dividend increased to NT$0.71Dividend of NT$0.71 is 42% higher than last year. Ex-date: 1st July 2025 Payment date: 1st August 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
분석 기사 • Jun 15Froch Enterprise (TWSE:2030) Will Pay A Smaller Dividend Than Last YearFroch Enterprise Co., Ltd. ( TWSE:2030 ) has announced that on 2nd of August, it will be paying a dividend ofNT$0.50...
Declared Dividend • Jun 14Dividend reduced to NT$0.50Dividend of NT$0.50 is 67% lower than last year. Ex-date: 4th July 2024 Payment date: 2nd August 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (275% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 206% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend.
공시 • Jun 14Froch Enterprise Co., Ltd. Approves Cash Dividend, Payable on August 2, 2024Froch Enterprise Co., Ltd. at its AGM held on June 12, 2024 approved cash dividends of TWD 0.50 per share. Total amount of cash dividends is TWD 140,263,014. Ex-rights (ex-dividend) record date: July 10, 2024. Payment date of cash dividend distribution: August 2, 2024. Ex-rights (ex-dividend) trading date is July 4, 2024.
Upcoming Dividend • Jun 28Upcoming dividend of NT$1.50 per share at 6.5% yieldEligible shareholders must have bought the stock before 05 July 2023. Payment date: 02 August 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).
공시 • Jun 16Froch Enterprise Co., Ltd. Announces Cash Dividends for the Year Ended December 31, 2022, Payable on August 2, 2023The board of directors Froch Enterprise Co., Ltd. at its AGM held on June 15, 2023 announced appropriations of earnings in cash dividends of TWD 1.50 per share for the year 2022. Total amount of cash distributed to shareholders is TWD 420,789,041. Ex-rights (ex-dividend) record date: July 11, 2023. Payment date of cash dividend distribution: August 2, 2023.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.61 (vs NT$0.30 in 1Q 2025)First quarter 2026 results: EPS: NT$0.61 (up from NT$0.30 in 1Q 2025). Revenue: NT$2.64b (down 1.4% from 1Q 2025). Net income: NT$168.5m (up 104% from 1Q 2025). Profit margin: 6.4% (up from 3.1% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.
공시 • Mar 11Froch Enterprise Co., Ltd., Annual General Meeting, May 27, 2026Froch Enterprise Co., Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,7, tou kung 10th rd., douliou city, yunlin county Taiwan
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.35 (vs NT$0.84 in FY 2024)Full year 2025 results: EPS: NT$0.35 (down from NT$0.84 in FY 2024). Revenue: NT$10.1b (down 18% from FY 2024). Net income: NT$97.0m (down 59% from FY 2024). Profit margin: 1.0% (down from 1.9% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$0.07 (vs NT$0.36 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.07 (down from NT$0.36 in 3Q 2024). Revenue: NT$2.48b (down 21% from 3Q 2024). Net income: NT$20.5m (down 80% from 3Q 2024). Profit margin: 0.8% (down from 3.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 08Second quarter 2025 earnings released: NT$0.25 loss per share (vs NT$0.41 profit in 2Q 2024)Second quarter 2025 results: NT$0.25 loss per share (down from NT$0.41 profit in 2Q 2024). Revenue: NT$2.53b (down 26% from 2Q 2024). Net loss: NT$67.8m (down 158% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Board Change • Jul 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Director Huei-Kuei Chen was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Declared Dividend • Jun 18Dividend increased to NT$0.71Dividend of NT$0.71 is 42% higher than last year. Ex-date: 1st July 2025 Payment date: 1st August 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$0.30 (vs NT$0.11 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.30 (up from NT$0.11 loss in 1Q 2024). Revenue: NT$2.67b (down 6.9% from 1Q 2024). Net income: NT$82.5m (up NT$114.6m from 1Q 2024). Profit margin: 3.1% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
공시 • Apr 29Froch Enterprise Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Froch Enterprise Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$14.70, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 54% over the past three years.
공시 • Mar 14Froch Enterprise Co., Ltd., Annual General Meeting, Jun 16, 2025Froch Enterprise Co., Ltd., Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: no,7, kung shih rd., douliou city, yunlin county Taiwan
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$0.84 (vs NT$0.18 in FY 2023)Full year 2024 results: EPS: NT$0.84 (up from NT$0.18 in FY 2023). Revenue: NT$12.4b (down 3.6% from FY 2023). Net income: NT$235.8m (up 363% from FY 2023). Profit margin: 1.9% (up from 0.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
분석 기사 • Feb 15We Think Froch Enterprise (TWSE:2030) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.36 (vs NT$0.048 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.36 (up from NT$0.048 in 3Q 2023). Revenue: NT$3.12b (down 1.3% from 3Q 2023). Net income: NT$101.3m (up NT$87.8m from 3Q 2023). Profit margin: 3.2% (up from 0.4% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
분석 기사 • Oct 01Pinning Down Froch Enterprise Co., Ltd.'s (TWSE:2030) P/E Is Difficult Right NowFroch Enterprise Co., Ltd.'s ( TWSE:2030 ) price-to-earnings (or "P/E") ratio of 62.2x might make it look like a strong...
Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: NT$0.41 (vs NT$0.36 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.41 (up from NT$0.36 loss in 2Q 2023). Revenue: NT$3.41b (down 1.6% from 2Q 2023). Net income: NT$116.0m (up NT$217.7m from 2Q 2023). Profit margin: 3.4% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance.
공시 • Jul 30Froch Enterprise Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Froch Enterprise Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024
Reported Earnings • Jun 29First quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.53 profit in 1Q 2023)First quarter 2024 results: NT$0.11 loss per share (down from NT$0.53 profit in 1Q 2023). Revenue: NT$2.87b (down 11% from 1Q 2023). Net loss: NT$32.1m (down 121% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
분석 기사 • Jun 15Froch Enterprise (TWSE:2030) Will Pay A Smaller Dividend Than Last YearFroch Enterprise Co., Ltd. ( TWSE:2030 ) has announced that on 2nd of August, it will be paying a dividend ofNT$0.50...
Declared Dividend • Jun 14Dividend reduced to NT$0.50Dividend of NT$0.50 is 67% lower than last year. Ex-date: 4th July 2024 Payment date: 2nd August 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (275% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 206% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend.
공시 • Jun 14Froch Enterprise Co., Ltd. Approves Cash Dividend, Payable on August 2, 2024Froch Enterprise Co., Ltd. at its AGM held on June 12, 2024 approved cash dividends of TWD 0.50 per share. Total amount of cash dividends is TWD 140,263,014. Ex-rights (ex-dividend) record date: July 10, 2024. Payment date of cash dividend distribution: August 2, 2024. Ex-rights (ex-dividend) trading date is July 4, 2024.
공시 • May 01Froch Enterprise Co., Ltd. to Report Q1, 2024 Results on May 09, 2024Froch Enterprise Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024
공시 • Mar 15Froch Enterprise Co., Ltd., Annual General Meeting, Jun 12, 2024Froch Enterprise Co., Ltd., Annual General Meeting, Jun 12, 2024.
Reported Earnings • Mar 14Full year 2023 earnings released: EPS: NT$0.18 (vs NT$2.64 in FY 2022)Full year 2023 results: EPS: NT$0.18 (down from NT$2.64 in FY 2022). Revenue: NT$12.9b (down 21% from FY 2022). Net income: NT$51.0m (down 93% from FY 2022). Profit margin: 0.4% (down from 4.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
New Risk • Aug 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Dividend is not well covered by earnings (dividend per share is over 5x earnings per share). Profit margins are more than 30% lower than last year (0.6% net profit margin).
Reported Earnings • Aug 10Second quarter 2023 earnings released: NT$0.36 loss per share (vs NT$1.29 profit in 2Q 2022)Second quarter 2023 results: NT$0.36 loss per share (down from NT$1.29 profit in 2Q 2022). Revenue: NT$3.46b (down 23% from 2Q 2022). Net loss: NT$101.7m (down 128% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 4.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 28Upcoming dividend of NT$1.50 per share at 6.5% yieldEligible shareholders must have bought the stock before 05 July 2023. Payment date: 02 August 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).
공시 • Jun 16Froch Enterprise Co., Ltd. Announces Cash Dividends for the Year Ended December 31, 2022, Payable on August 2, 2023The board of directors Froch Enterprise Co., Ltd. at its AGM held on June 15, 2023 announced appropriations of earnings in cash dividends of TWD 1.50 per share for the year 2022. Total amount of cash distributed to shareholders is TWD 420,789,041. Ex-rights (ex-dividend) record date: July 11, 2023. Payment date of cash dividend distribution: August 2, 2023.
Reported Earnings • Mar 15Full year 2022 earnings released: EPS: NT$2.64 (vs NT$4.29 in FY 2021)Full year 2022 results: EPS: NT$2.64 (down from NT$4.29 in FY 2021). Revenue: NT$16.2b (up 6.6% from FY 2021). Net income: NT$741.2m (down 39% from FY 2021). Profit margin: 4.6% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target increased to NT$26.00Up from NT$18.00, the current price target is provided by 1 analyst. New target price is 14% above last closing price of NT$22.80. Stock is down 23% over the past year. The company posted earnings per share of NT$4.29 last year.
Reported Earnings • Nov 07Third quarter 2022 earnings released: EPS: NT$0.02 (vs NT$1.30 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.02 (down from NT$1.30 in 3Q 2021). Revenue: NT$4.08b (up 3.2% from 3Q 2021). Net income: NT$5.22m (down 99% from 3Q 2021). Profit margin: 0.1% (down from 9.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 3.9% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 16Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be NT$31.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 78%.
Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: NT$1.29 (vs NT$0.99 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.29 (up from NT$0.99 in 2Q 2021). Revenue: NT$4.47b (up 19% from 2Q 2021). Net income: NT$362.4m (up 30% from 2Q 2021). Profit margin: 8.1% (up from 7.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 1.4% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 14Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 17 August 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 8.8%. Within top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (9.1%).
공시 • Jun 22+ 1 more updateFroch Enterprise Co., Ltd. Announces Member Change of the Remuneration CommitteeFroch Enterprise Co., Ltd. announced the Member Change of the Remuneration Committee: Name of the previous position holder: Shun-Te Wen. Ying-Fang Lee. Shu-Fu Wang. Resume of the previous position holder: Shun-Te Wen¡GFormer Head of Fengyuan Branch, National Taxation Bureau of the Central Area, Ministry of Finance/Chang Hong Energy Technology Co., Ltd- Supervisor. Ying-Fang Lee¡GFormer Section Chief of Huwei Branch, National Taxation Bureau of the Central Area, Ministry of Finance. Shu-Fu Wang¡GFormer Section Chief of the National Taxation Bureau of the Central Area, Ministry of Finance. Name of the new position holder: Shun-Te Wen. Ying-Fang Lee. Shu-Fu Wang. Huei-Kuei Chen. Resume of the new position holder: Shun-Te Wen¡GFormer Head of Fengyuan Branch, National Taxation Bureau of the Central Area, Ministry of Finance. Ying-Fang Lee¡GFormer Section Chief of Huwei Branch, National Taxation Bureau of the Central Area, Ministry of Finance. Shu-Fu Wang¡GFormer Section Chief of the National Taxation Bureau of the Central Area, Ministry of Finance. Huei-Kuei Chen¡GFormer General Manager, Huwei Branch, Taiwan Land Bank. Effective date of the new member is June 21, 2022.
Buying Opportunity • Jun 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be NT$33.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 63%.
Reported Earnings • May 07First quarter 2022 earnings released: EPS: NT$1.25 (vs NT$0.45 in 1Q 2021)First quarter 2022 results: EPS: NT$1.25 (up from NT$0.45 in 1Q 2021). Revenue: NT$4.45b (up 49% from 1Q 2021). Net income: NT$349.3m (up 180% from 1Q 2021). Profit margin: 7.9% (up from 4.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.
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 Ying-Fang Lee 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.
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$38.70, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 216% over the past three years.
Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$4.29 (up from NT$0.38 in FY 2020). Revenue: NT$15.2b (up 44% from FY 2020). Net income: NT$1.20b (up NT$1.10b from FY 2020). Profit margin: 7.9% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 21%. Over the next year, revenue is expected to shrink by 8.8% compared to a 8.5% growth forecast for the mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 32% per year.
Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS NT$1.30 (vs NT$0.23 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.96b (up 43% from 3Q 2020). Net income: NT$364.3m (up 462% from 3Q 2020). Profit margin: 9.2% (up from 2.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 27Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 03 September 2021. Payment date: 29 September 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$32.00, the stock trades at a trailing P/E ratio of 15.7x. Average forward P/E is 10x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 140% over the past three years.
Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS NT$0.99 (vs NT$0.037 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$3.75b (up 43% from 2Q 2020). Net income: NT$278.0m (up NT$288.6m from 2Q 2020). Profit margin: 7.4% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 37% share price gain to NT$49.00, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 32x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 290% over the past three years.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$28.15, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 24x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 117% over the past three years.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$20.80, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 21x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 54% over the past three years.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improved over the past weekAfter last week's 29% share price gain to NT$22.60, the stock trades at a trailing P/E ratio of 22.2x. Average forward P/E is 15x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 74% over the past three years.
분석 기사 • Apr 26Investors Will Want Froch Enterprise's (TPE:2030) Growth In ROCE To PersistThere are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$16.10, the stock trades at a trailing P/E ratio of 42x. Average forward P/E is 14x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 24% over the past three years.
Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$0.38 (vs NT$0.94 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$10.6b (down 12% from FY 2019). Net income: NT$108.4m (down 60% from FY 2019). Profit margin: 1.0% (down from 2.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 54% 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.
분석 기사 • Mar 01Should Froch Enterprise Co., Ltd. (TPE:2030) Be Part Of Your Income Portfolio?Today we'll take a closer look at Froch Enterprise Co., Ltd. ( TPE:2030 ) from a dividend investor's perspective...
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$14.45, the stock is trading at a trailing P/E ratio of 61.2x, up from the previous P/E ratio of 51.2x. This compares to an average P/E of 25x in the Metals and Mining industry in Taiwan. Total returns to shareholders over the past three years are 4.6%.
분석 기사 • Feb 06Is Froch Enterprise (TPE:2030) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Jan 16Returns On Capital - An Important Metric For Froch Enterprise (TPE:2030)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
분석 기사 • Dec 26Is Froch Enterprise Co., Ltd.'s (TPE:2030) 1.8% ROE Worse Than Average?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Is New 90 Day High Low • Dec 14New 90-day high: NT$13.60The company is up 28% from its price of NT$10.65 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$6.13 per share.
분석 기사 • Dec 05Did You Participate In Any Of Froch Enterprise's (TPE:2030) Respectable 60% Return?When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...
Is New 90 Day High Low • Nov 27New 90-day high: NT$11.35The company is up 9.0% from its price of NT$10.40 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$5.84 per share.
Reported Earnings • Nov 04Third quarter 2020 earnings released: EPS NT$0.22The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$2.76b (down 14% from 3Q 2019). Net income: NT$64.8m (down 38% from 3Q 2019). Profit margin: 2.3% (down from 3.3% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.