View Financial HealthCH Biotech R&D 배당 및 자사주 매입배당 기준 점검 3/6CH Biotech R&D 은(는) 현재 수익률이 4.99% 인 배당금 지급 회사입니다.핵심 정보5.0%배당 수익률-0.003%자사주 매입 수익률총 주주 수익률5.0%미래 배당 수익률n/a배당 성장률17.9%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향106%최근 배당 및 자사주 매입 업데이트Declared Dividend • Mar 12Final dividend of NT$4.30 announcedShareholders will receive a dividend of NT$4.30. Ex-date: 26th March 2026 Payment date: 16th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) nor is it covered by cash flows (264% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.6% to bring the payout ratio under control, which is less than the 33% EPS growth achieved over the last 5 years.Declared Dividend • Aug 07Dividend of NT$0.50 announcedShareholders will receive a dividend of NT$0.50. Ex-date: 21st August 2025 Payment date: 19th September 2025 Dividend yield will be 4.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 8.3% per year 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 2.5% to bring the payout ratio under control, which is less than the 28% EPS growth achieved over the last 5 years.Upcoming Dividend • Mar 14Upcoming dividend of NT$3.60 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 23 April 2025. Payout ratio is on the higher end at 88% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.7%).Declared Dividend • Feb 27Dividend of NT$3.60 announcedShareholders will receive a dividend of NT$3.60. Ex-date: 20th March 2025 Payment date: 23rd April 2025 Dividend yield will be 4.8%, which is higher than the industry average of 4.0%. 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 increased by an average of 6.8% per year 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 6.3% to bring the payout ratio under control, which is less than the 9.9% EPS growth achieved over the last 5 years.Upcoming Dividend • Aug 16Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 19 September 2024. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.4%).Upcoming Dividend • Mar 14Upcoming dividend of NT$3.09 per shareEligible shareholders must have bought the stock before 21 March 2024. Payment date: 12 April 2024. Payout ratio and cash payout ratio are on the higher end at 86% and 87% respectively. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (4.8%). In line with average of industry peers (4.1%).모든 업데이트 보기Recent updatesReported Earnings • May 19First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: NT$869.5m (up 1.9% from 1Q 2025). Net income: NT$426.7m (up 6.8% from 1Q 2025). Profit margin: 49% (up from 47% in 1Q 2025). The increase in margin was primarily driven by lower expenses.Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$4.51 (vs NT$4.63 in FY 2024)Full year 2025 results: EPS: NT$4.51 (down from NT$4.63 in FY 2024). Revenue: NT$1.82b (up 11% from FY 2024). Net income: NT$464.0m (down 2.6% from FY 2024). Profit margin: 26% (down from 29% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Declared Dividend • Mar 12Final dividend of NT$4.30 announcedShareholders will receive a dividend of NT$4.30. Ex-date: 26th March 2026 Payment date: 16th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) nor is it covered by cash flows (264% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.6% to bring the payout ratio under control, which is less than the 33% EPS growth achieved over the last 5 years.공시 • Mar 05CH Biotech R&D Co., Ltd., Annual General Meeting, May 26, 2026CH Biotech R&D Co., Ltd., Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: no,89, wen hsien rd., nantou city, nantou county TaiwanReported Earnings • Nov 08Third quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.90 loss in 3Q 2024)Third quarter 2025 results: NT$0.16 loss per share (improved from NT$0.90 loss in 3Q 2024). Revenue: NT$216.7m (up 61% from 3Q 2024). Net loss: NT$16.9m (loss narrowed 82% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.New Risk • Sep 22New 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Cash payout ratio: 263% Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change).Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$117, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 26x in the Chemicals industry in Taiwan. Total returns to shareholders of 80% over the past three years.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$0.37 (vs NT$1.27 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.37 (down from NT$1.27 in 2Q 2024). Revenue: NT$420.5m (up 4.9% from 2Q 2024). Net income: NT$37.7m (down 71% from 2Q 2024). Profit margin: 9.0% (down from 33% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Declared Dividend • Aug 07Dividend of NT$0.50 announcedShareholders will receive a dividend of NT$0.50. Ex-date: 21st August 2025 Payment date: 19th September 2025 Dividend yield will be 4.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 8.3% per year 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 2.5% to bring the payout ratio under control, which is less than the 28% EPS growth achieved over the last 5 years.Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$95.10, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 20x in the Chemicals industry in Taiwan. Total returns to shareholders of 47% over the past three years.Reported Earnings • May 07First quarter 2025 earnings released: EPS: NT$3.89 (vs NT$4.08 in 1Q 2024)First quarter 2025 results: EPS: NT$3.89 (down from NT$4.08 in 1Q 2024). Revenue: NT$853.7m (up 3.5% from 1Q 2024). Net income: NT$399.4m (down 4.7% from 1Q 2024). Profit margin: 47% (down from 51% 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 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공시 • Apr 25CH Biotech R&D Co., Ltd. to Report Q1, 2025 Results on May 06, 2025CH Biotech R&D Co., Ltd. announced that they will report Q1, 2025 results on May 06, 2025Upcoming Dividend • Mar 14Upcoming dividend of NT$3.60 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 23 April 2025. Payout ratio is on the higher end at 88% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.7%).분석 기사 • Mar 10Solid Earnings May Not Tell The Whole Story For CH Biotech R&D (TWSE:6534)The recent earnings posted by CH Biotech R&D Co., Ltd. ( TWSE:6534 ) were solid, but the stock didn't move as much as...New Risk • Mar 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. 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. High level of non-cash earnings (22% accrual ratio).Declared Dividend • Feb 27Dividend of NT$3.60 announcedShareholders will receive a dividend of NT$3.60. Ex-date: 20th March 2025 Payment date: 23rd April 2025 Dividend yield will be 4.8%, which is higher than the industry average of 4.0%. 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 increased by an average of 6.8% per year 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 6.3% to bring the payout ratio under control, which is less than the 9.9% EPS growth achieved over the last 5 years.공시 • Feb 26CH Biotech R&D Co., Ltd., Annual General Meeting, May 20, 2025CH Biotech R&D Co., Ltd., Annual General Meeting, May 20, 2025, at 09:00 Taipei Standard Time. Location: no,89, wen hsien rd., nantou city, nantou county Taiwan공시 • Feb 15CH Biotech R&D Co., Ltd. to Report Q4, 2024 Results on Feb 25, 2025CH Biotech R&D Co., Ltd. announced that they will report Q4, 2024 results on Feb 25, 2025Reported Earnings • Nov 07Third quarter 2024 earnings released: NT$0.89 loss per share (vs NT$0.45 loss in 3Q 2023)Third quarter 2024 results: NT$0.89 loss per share (further deteriorated from NT$0.45 loss in 3Q 2023). Revenue: NT$134.8m (up 22% from 3Q 2023). Net loss: NT$92.0m (loss widened 111% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.공시 • Oct 25CH Biotech R&D Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024CH Biotech R&D Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024Upcoming Dividend • Aug 16Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 19 September 2024. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.4%).Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$1.27 (vs NT$1.96 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.27 (down from NT$1.96 in 2Q 2023). Revenue: NT$400.7m (down 13% from 2Q 2023). Net income: NT$130.1m (down 32% from 2Q 2023). Profit margin: 33% (down from 41% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year.공시 • Jul 30CH Biotech R&D Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024CH Biotech R&D Co., Ltd. announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Aug 06, 2024Buy Or Sell Opportunity • Jul 26Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$82.60. The fair value is estimated to be NT$68.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 27%.Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$4.08 (vs NT$4.05 in 1Q 2023)First quarter 2024 results: EPS: NT$4.08 (up from NT$4.05 in 1Q 2023). Revenue: NT$824.8m (up 3.0% from 1Q 2023). Net income: NT$419.1m (up 6.7% from 1Q 2023). Profit margin: 51% (up from 49% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year.공시 • Apr 28CH Biotech R&D Co., Ltd. to Report Q1, 2024 Results on May 07, 2024CH Biotech R&D Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024Upcoming Dividend • Mar 14Upcoming dividend of NT$3.09 per shareEligible shareholders must have bought the stock before 21 March 2024. Payment date: 12 April 2024. Payout ratio and cash payout ratio are on the higher end at 86% and 87% respectively. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (4.8%). In line with average of industry peers (4.1%).Reported Earnings • Mar 03Full year 2023 earnings released: EPS: NT$4.76 (vs NT$4.79 in FY 2022)Full year 2023 results: EPS: NT$4.76 (down from NT$4.79 in FY 2022). Revenue: NT$1.51b (up 5.6% from FY 2022). Net income: NT$463.3m (flat on FY 2022). Profit margin: 31% (down from 33% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Declared Dividend • Feb 29Dividend of NT$3.09 announcedShareholders will receive a dividend of NT$3.09. Ex-date: 21st March 2024 Payment date: 12th April 2024 Dividend yield will be 4.3%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio). However, it is well covered by cash flows (44% cash payout ratio). The dividend has increased over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control, which is more than the 6.4% EPS growth achieved over the last 5 years.공시 • Feb 28+ 1 more updateCH Biotech R&D Co., Ltd. Approves Cash Dividend for the Second Half of 2023, Payable on April 12, 2024CH Biotech R&D Co., Ltd. approved cash dividend of TWD 3.09 per share for the second half of 2023. Total amount of cash dividends to shareholders TWD 317,652,000. Ex-rights (ex-dividend) record date of March 27, 2024. Payment date of common stock cash dividend distribution of April 12, 2024.New Risk • Feb 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.4% average weekly change). Minor Risks Dividend is not well covered by earnings (110% payout ratio). Shareholders have been diluted in the past year (5.9% increase in shares outstanding).Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$82.40, the stock trades at a trailing P/E ratio of 19.7x. Average forward P/E is 21x in the Chemicals industry in Taiwan. Total returns to shareholders of 96% over the past three years.New Risk • Dec 01New 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 5.5% 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 Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (5.9% increase in shares outstanding).Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$94.60, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total returns to shareholders of 112% over the past three years.Reported Earnings • Nov 14Third quarter 2023 earnings released: NT$0.45 loss per share (vs NT$0.30 loss in 3Q 2022)Third quarter 2023 results: NT$0.45 loss per share (further deteriorated from NT$0.30 loss in 3Q 2022). Revenue: NT$110.9m (up 20% from 3Q 2022). Net loss: NT$43.6m (loss widened 51% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.New Risk • Oct 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.9% 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 (107% payout ratio). Shareholders have been diluted in the past year (5.9% increase in shares outstanding).Upcoming Dividend • Sep 19Upcoming dividend of NT$1.00 per share at 2.6% yieldEligible shareholders must have bought the stock before 26 September 2023. Payment date: 18 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.7%).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$1.96 (vs NT$3.44 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.96 (down from NT$3.44 in 2Q 2022). Revenue: NT$459.3m (down 34% from 2Q 2022). Net income: NT$190.0m (down 43% from 2Q 2022). Profit margin: 41% (down from 48% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.공시 • Aug 09CH Biotech R&D Co., Ltd. Approves Cash Dividend for the First Half Ended June 30, 2023CH Biotech R&D Co., Ltd. announced its Board of Directors approved appropriations of earnings in cash dividends to shareholders of TWD 1 per share for the first half ended June 30, 2023. Total amount of cash dividends to shareholders is TWD 97,083,000.Reported Earnings • Mar 22Full year 2022 earnings released: EPS: NT$4.79 (vs NT$3.00 in FY 2021)Full year 2022 results: EPS: NT$4.79 (up from NT$3.00 in FY 2021). Revenue: NT$1.43b (up 41% from FY 2021). Net income: NT$465.4m (up 60% from FY 2021). Profit margin: 33% (up from 29% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% 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 • Mar 07Upcoming dividend of NT$3.88 per share at 4.7% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 10 April 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (6.1%). Lower than average of industry peers (7.5%).Valuation Update With 7 Day Price Move • Jan 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$79.00, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 39% over the past three years.Board Change • Nov 16Less 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. 6 non-independent directors. Independent Director Yong-Xiang Chiu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$57.30, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 12x in the Chemicals industry in Taiwan. Total loss to shareholders of 19% over the past three years.Reported Earnings • Aug 19First half 2022 earnings released: EPS: NT$6.22 (vs NT$2.56 in 1H 2021)First half 2022 results: EPS: NT$6.22 (up from NT$2.56 in 1H 2021). Revenue: NT$1.29b (up 92% from 1H 2021). Net income: NT$603.4m (up 143% from 1H 2021). Profit margin: 47% (up from 37% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 1% 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. 6 non-independent directors. Independent Director Yong-Xiang Chiu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improved over the past weekAfter last week's 30% share price gain to NT$98.80, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Negligible returns to shareholders over past three years.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$85.50, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total loss to shareholders of 25% over the past three years.Upcoming Dividend • Mar 07Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.8%).Reported Earnings • Mar 05Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$3.45 (up from NT$1.19 in FY 2020). Revenue: NT$1.02b (up 45% from FY 2020). Net income: NT$291.5m (up 191% from FY 2020). Profit margin: 29% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$75.30, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total loss to shareholders of 26% over the past three years.공시 • Feb 18CH Biotech R&D Co., Ltd., Annual General Meeting, Jun 08, 2022CH Biotech R&D Co., Ltd., Annual General Meeting, Jun 08, 2022.Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$54.50, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 15x in the Chemicals industry in Taiwan. Total loss to shareholders of 38% over the past three years.Reported Earnings • Aug 18First half 2021 earnings released: EPS NT$2.94 (vs NT$2.12 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$671.5m (up 19% from 1H 2020). Net income: NT$248.1m (up 39% from 1H 2020). Profit margin: 37% (up from 32% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 27% share price gain to NT$63.00, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total loss to shareholders of 33% over the past three years.Upcoming Dividend • Jun 16Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 22 June 2021. Payment date: 09 July 2021. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$57.50, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total loss to shareholders of 40% over the past three years.분석 기사 • Apr 05CH Biotech R&D (GTSM:6534) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$1.19 (vs NT$2.26 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$702.2m (down 17% from FY 2019). Net income: NT$100.2m (down 47% from FY 2019). Profit margin: 14% (down from 23% 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 41% 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 • Mar 18A Look At CH Biotech R&D's (GTSM:6534) Share Price ReturnsWe think intelligent long term investing is the way to go. But along the way some stocks are going to perform badly...공시 • Feb 24CH Biotech R&D Co., Ltd., Annual General Meeting, May 28, 2021CH Biotech R&D Co., Ltd., Annual General Meeting, May 28, 2021.Is New 90 Day High Low • Feb 18New 90-day low: NT$50.00The company is down 15% from its price of NT$58.80 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period.분석 기사 • Feb 09Are CH Biotech R&D Co., Ltd.'s (GTSM:6534) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?It is hard to get excited after looking at CH Biotech R&D's (GTSM:6534) recent performance, when its stock has declined...분석 기사 • Jan 11Returns On Capital At CH Biotech R&D (GTSM:6534) Paint An Interesting PictureWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...Is New 90 Day High Low • Dec 23New 90-day low: NT$52.10The company is down 13% from its price of NT$59.90 on 25 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period.분석 기사 • Dec 15Does CH Biotech R&D (GTSM:6534) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Nov 24Tread With Caution Around CH Biotech R&D Co., Ltd.'s (GTSM:6534) 1.8% Dividend YieldDividend paying stocks like CH Biotech R&D Co., Ltd. (GTSM:6534) tend to be popular with investors, and for good...지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 6534 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 6534 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장CH Biotech R&D 배당 수익률 vs 시장6534의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (6534)5.0%시장 하위 25% (TW)1.4%시장 상위 25% (TW)5.0%업계 평균 (Chemicals)1.6%분석가 예측 (6534) (최대 3년)n/a주목할만한 배당금: 6534 의 배당금( 4.99% )은 TW 시장에서 배당금 지급자의 하위 25%( 1.42% )보다 높습니다.고배당: 6534 의 배당금( 4.99% )은 TW 시장에서 배당금 지급자의 상위 25%( 5% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 지급 비율 ( 106.3% )이 높기 때문에 6534 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 현재 현금 지급 비율 ( 85.9% )에서 6534 의 배당금 지급은 현금 흐름으로 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 07:31종가2026/05/22 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 소스CH Biotech R&D 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.분석가기관Yenya KuoCapital Securities CorporationHsiu Chi LinMasterlink Securities Investment Advisory
Declared Dividend • Mar 12Final dividend of NT$4.30 announcedShareholders will receive a dividend of NT$4.30. Ex-date: 26th March 2026 Payment date: 16th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) nor is it covered by cash flows (264% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.6% to bring the payout ratio under control, which is less than the 33% EPS growth achieved over the last 5 years.
Declared Dividend • Aug 07Dividend of NT$0.50 announcedShareholders will receive a dividend of NT$0.50. Ex-date: 21st August 2025 Payment date: 19th September 2025 Dividend yield will be 4.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 8.3% per year 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 2.5% to bring the payout ratio under control, which is less than the 28% EPS growth achieved over the last 5 years.
Upcoming Dividend • Mar 14Upcoming dividend of NT$3.60 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 23 April 2025. Payout ratio is on the higher end at 88% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.7%).
Declared Dividend • Feb 27Dividend of NT$3.60 announcedShareholders will receive a dividend of NT$3.60. Ex-date: 20th March 2025 Payment date: 23rd April 2025 Dividend yield will be 4.8%, which is higher than the industry average of 4.0%. 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 increased by an average of 6.8% per year 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 6.3% to bring the payout ratio under control, which is less than the 9.9% EPS growth achieved over the last 5 years.
Upcoming Dividend • Aug 16Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 19 September 2024. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.4%).
Upcoming Dividend • Mar 14Upcoming dividend of NT$3.09 per shareEligible shareholders must have bought the stock before 21 March 2024. Payment date: 12 April 2024. Payout ratio and cash payout ratio are on the higher end at 86% and 87% respectively. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (4.8%). In line with average of industry peers (4.1%).
Reported Earnings • May 19First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: NT$869.5m (up 1.9% from 1Q 2025). Net income: NT$426.7m (up 6.8% from 1Q 2025). Profit margin: 49% (up from 47% in 1Q 2025). The increase in margin was primarily driven by lower expenses.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$4.51 (vs NT$4.63 in FY 2024)Full year 2025 results: EPS: NT$4.51 (down from NT$4.63 in FY 2024). Revenue: NT$1.82b (up 11% from FY 2024). Net income: NT$464.0m (down 2.6% from FY 2024). Profit margin: 26% (down from 29% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Declared Dividend • Mar 12Final dividend of NT$4.30 announcedShareholders will receive a dividend of NT$4.30. Ex-date: 26th March 2026 Payment date: 16th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) nor is it covered by cash flows (264% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.6% to bring the payout ratio under control, which is less than the 33% EPS growth achieved over the last 5 years.
공시 • Mar 05CH Biotech R&D Co., Ltd., Annual General Meeting, May 26, 2026CH Biotech R&D Co., Ltd., Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: no,89, wen hsien rd., nantou city, nantou county Taiwan
Reported Earnings • Nov 08Third quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.90 loss in 3Q 2024)Third quarter 2025 results: NT$0.16 loss per share (improved from NT$0.90 loss in 3Q 2024). Revenue: NT$216.7m (up 61% from 3Q 2024). Net loss: NT$16.9m (loss narrowed 82% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
New Risk • Sep 22New 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Cash payout ratio: 263% Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change).
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$117, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 26x in the Chemicals industry in Taiwan. Total returns to shareholders of 80% over the past three years.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$0.37 (vs NT$1.27 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.37 (down from NT$1.27 in 2Q 2024). Revenue: NT$420.5m (up 4.9% from 2Q 2024). Net income: NT$37.7m (down 71% from 2Q 2024). Profit margin: 9.0% (down from 33% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Declared Dividend • Aug 07Dividend of NT$0.50 announcedShareholders will receive a dividend of NT$0.50. Ex-date: 21st August 2025 Payment date: 19th September 2025 Dividend yield will be 4.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 8.3% per year 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 2.5% to bring the payout ratio under control, which is less than the 28% EPS growth achieved over the last 5 years.
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$95.10, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 20x in the Chemicals industry in Taiwan. Total returns to shareholders of 47% over the past three years.
Reported Earnings • May 07First quarter 2025 earnings released: EPS: NT$3.89 (vs NT$4.08 in 1Q 2024)First quarter 2025 results: EPS: NT$3.89 (down from NT$4.08 in 1Q 2024). Revenue: NT$853.7m (up 3.5% from 1Q 2024). Net income: NT$399.4m (down 4.7% from 1Q 2024). Profit margin: 47% (down from 51% 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 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공시 • Apr 25CH Biotech R&D Co., Ltd. to Report Q1, 2025 Results on May 06, 2025CH Biotech R&D Co., Ltd. announced that they will report Q1, 2025 results on May 06, 2025
Upcoming Dividend • Mar 14Upcoming dividend of NT$3.60 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 23 April 2025. Payout ratio is on the higher end at 88% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.7%).
분석 기사 • Mar 10Solid Earnings May Not Tell The Whole Story For CH Biotech R&D (TWSE:6534)The recent earnings posted by CH Biotech R&D Co., Ltd. ( TWSE:6534 ) were solid, but the stock didn't move as much as...
New Risk • Mar 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. 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. High level of non-cash earnings (22% accrual ratio).
Declared Dividend • Feb 27Dividend of NT$3.60 announcedShareholders will receive a dividend of NT$3.60. Ex-date: 20th March 2025 Payment date: 23rd April 2025 Dividend yield will be 4.8%, which is higher than the industry average of 4.0%. 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 increased by an average of 6.8% per year 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 6.3% to bring the payout ratio under control, which is less than the 9.9% EPS growth achieved over the last 5 years.
공시 • Feb 26CH Biotech R&D Co., Ltd., Annual General Meeting, May 20, 2025CH Biotech R&D Co., Ltd., Annual General Meeting, May 20, 2025, at 09:00 Taipei Standard Time. Location: no,89, wen hsien rd., nantou city, nantou county Taiwan
공시 • Feb 15CH Biotech R&D Co., Ltd. to Report Q4, 2024 Results on Feb 25, 2025CH Biotech R&D Co., Ltd. announced that they will report Q4, 2024 results on Feb 25, 2025
Reported Earnings • Nov 07Third quarter 2024 earnings released: NT$0.89 loss per share (vs NT$0.45 loss in 3Q 2023)Third quarter 2024 results: NT$0.89 loss per share (further deteriorated from NT$0.45 loss in 3Q 2023). Revenue: NT$134.8m (up 22% from 3Q 2023). Net loss: NT$92.0m (loss widened 111% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Oct 25CH Biotech R&D Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024CH Biotech R&D Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024
Upcoming Dividend • Aug 16Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 19 September 2024. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.4%).
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$1.27 (vs NT$1.96 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.27 (down from NT$1.96 in 2Q 2023). Revenue: NT$400.7m (down 13% from 2Q 2023). Net income: NT$130.1m (down 32% from 2Q 2023). Profit margin: 33% (down from 41% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year.
공시 • Jul 30CH Biotech R&D Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024CH Biotech R&D Co., Ltd. announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Aug 06, 2024
Buy Or Sell Opportunity • Jul 26Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$82.60. The fair value is estimated to be NT$68.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 27%.
Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$4.08 (vs NT$4.05 in 1Q 2023)First quarter 2024 results: EPS: NT$4.08 (up from NT$4.05 in 1Q 2023). Revenue: NT$824.8m (up 3.0% from 1Q 2023). Net income: NT$419.1m (up 6.7% from 1Q 2023). Profit margin: 51% (up from 49% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year.
공시 • Apr 28CH Biotech R&D Co., Ltd. to Report Q1, 2024 Results on May 07, 2024CH Biotech R&D Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024
Upcoming Dividend • Mar 14Upcoming dividend of NT$3.09 per shareEligible shareholders must have bought the stock before 21 March 2024. Payment date: 12 April 2024. Payout ratio and cash payout ratio are on the higher end at 86% and 87% respectively. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (4.8%). In line with average of industry peers (4.1%).
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: NT$4.76 (vs NT$4.79 in FY 2022)Full year 2023 results: EPS: NT$4.76 (down from NT$4.79 in FY 2022). Revenue: NT$1.51b (up 5.6% from FY 2022). Net income: NT$463.3m (flat on FY 2022). Profit margin: 31% (down from 33% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Feb 29Dividend of NT$3.09 announcedShareholders will receive a dividend of NT$3.09. Ex-date: 21st March 2024 Payment date: 12th April 2024 Dividend yield will be 4.3%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio). However, it is well covered by cash flows (44% cash payout ratio). The dividend has increased over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control, which is more than the 6.4% EPS growth achieved over the last 5 years.
공시 • Feb 28+ 1 more updateCH Biotech R&D Co., Ltd. Approves Cash Dividend for the Second Half of 2023, Payable on April 12, 2024CH Biotech R&D Co., Ltd. approved cash dividend of TWD 3.09 per share for the second half of 2023. Total amount of cash dividends to shareholders TWD 317,652,000. Ex-rights (ex-dividend) record date of March 27, 2024. Payment date of common stock cash dividend distribution of April 12, 2024.
New Risk • Feb 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.4% average weekly change). Minor Risks Dividend is not well covered by earnings (110% payout ratio). Shareholders have been diluted in the past year (5.9% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$82.40, the stock trades at a trailing P/E ratio of 19.7x. Average forward P/E is 21x in the Chemicals industry in Taiwan. Total returns to shareholders of 96% over the past three years.
New Risk • Dec 01New 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 5.5% 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 Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (5.9% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$94.60, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total returns to shareholders of 112% over the past three years.
Reported Earnings • Nov 14Third quarter 2023 earnings released: NT$0.45 loss per share (vs NT$0.30 loss in 3Q 2022)Third quarter 2023 results: NT$0.45 loss per share (further deteriorated from NT$0.30 loss in 3Q 2022). Revenue: NT$110.9m (up 20% from 3Q 2022). Net loss: NT$43.6m (loss widened 51% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.9% 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 (107% payout ratio). Shareholders have been diluted in the past year (5.9% increase in shares outstanding).
Upcoming Dividend • Sep 19Upcoming dividend of NT$1.00 per share at 2.6% yieldEligible shareholders must have bought the stock before 26 September 2023. Payment date: 18 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.7%).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$1.96 (vs NT$3.44 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.96 (down from NT$3.44 in 2Q 2022). Revenue: NT$459.3m (down 34% from 2Q 2022). Net income: NT$190.0m (down 43% from 2Q 2022). Profit margin: 41% (down from 48% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
공시 • Aug 09CH Biotech R&D Co., Ltd. Approves Cash Dividend for the First Half Ended June 30, 2023CH Biotech R&D Co., Ltd. announced its Board of Directors approved appropriations of earnings in cash dividends to shareholders of TWD 1 per share for the first half ended June 30, 2023. Total amount of cash dividends to shareholders is TWD 97,083,000.
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: NT$4.79 (vs NT$3.00 in FY 2021)Full year 2022 results: EPS: NT$4.79 (up from NT$3.00 in FY 2021). Revenue: NT$1.43b (up 41% from FY 2021). Net income: NT$465.4m (up 60% from FY 2021). Profit margin: 33% (up from 29% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% 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 • Mar 07Upcoming dividend of NT$3.88 per share at 4.7% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 10 April 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (6.1%). Lower than average of industry peers (7.5%).
Valuation Update With 7 Day Price Move • Jan 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$79.00, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 39% over the past three years.
Board Change • Nov 16Less 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. 6 non-independent directors. Independent Director Yong-Xiang Chiu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$57.30, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 12x in the Chemicals industry in Taiwan. Total loss to shareholders of 19% over the past three years.
Reported Earnings • Aug 19First half 2022 earnings released: EPS: NT$6.22 (vs NT$2.56 in 1H 2021)First half 2022 results: EPS: NT$6.22 (up from NT$2.56 in 1H 2021). Revenue: NT$1.29b (up 92% from 1H 2021). Net income: NT$603.4m (up 143% from 1H 2021). Profit margin: 47% (up from 37% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 1% 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. 6 non-independent directors. Independent Director Yong-Xiang Chiu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improved over the past weekAfter last week's 30% share price gain to NT$98.80, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Negligible returns to shareholders over past three years.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$85.50, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total loss to shareholders of 25% over the past three years.
Upcoming Dividend • Mar 07Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.8%).
Reported Earnings • Mar 05Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$3.45 (up from NT$1.19 in FY 2020). Revenue: NT$1.02b (up 45% from FY 2020). Net income: NT$291.5m (up 191% from FY 2020). Profit margin: 29% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$75.30, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total loss to shareholders of 26% over the past three years.
공시 • Feb 18CH Biotech R&D Co., Ltd., Annual General Meeting, Jun 08, 2022CH Biotech R&D Co., Ltd., Annual General Meeting, Jun 08, 2022.
Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$54.50, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 15x in the Chemicals industry in Taiwan. Total loss to shareholders of 38% over the past three years.
Reported Earnings • Aug 18First half 2021 earnings released: EPS NT$2.94 (vs NT$2.12 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$671.5m (up 19% from 1H 2020). Net income: NT$248.1m (up 39% from 1H 2020). Profit margin: 37% (up from 32% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 27% share price gain to NT$63.00, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total loss to shareholders of 33% over the past three years.
Upcoming Dividend • Jun 16Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 22 June 2021. Payment date: 09 July 2021. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$57.50, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total loss to shareholders of 40% over the past three years.
분석 기사 • Apr 05CH Biotech R&D (GTSM:6534) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$1.19 (vs NT$2.26 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$702.2m (down 17% from FY 2019). Net income: NT$100.2m (down 47% from FY 2019). Profit margin: 14% (down from 23% 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 41% 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 • Mar 18A Look At CH Biotech R&D's (GTSM:6534) Share Price ReturnsWe think intelligent long term investing is the way to go. But along the way some stocks are going to perform badly...
공시 • Feb 24CH Biotech R&D Co., Ltd., Annual General Meeting, May 28, 2021CH Biotech R&D Co., Ltd., Annual General Meeting, May 28, 2021.
Is New 90 Day High Low • Feb 18New 90-day low: NT$50.00The company is down 15% from its price of NT$58.80 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period.
분석 기사 • Feb 09Are CH Biotech R&D Co., Ltd.'s (GTSM:6534) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?It is hard to get excited after looking at CH Biotech R&D's (GTSM:6534) recent performance, when its stock has declined...
분석 기사 • Jan 11Returns On Capital At CH Biotech R&D (GTSM:6534) Paint An Interesting PictureWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Is New 90 Day High Low • Dec 23New 90-day low: NT$52.10The company is down 13% from its price of NT$59.90 on 25 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period.
분석 기사 • Dec 15Does CH Biotech R&D (GTSM:6534) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Nov 24Tread With Caution Around CH Biotech R&D Co., Ltd.'s (GTSM:6534) 1.8% Dividend YieldDividend paying stocks like CH Biotech R&D Co., Ltd. (GTSM:6534) tend to be popular with investors, and for good...