Kunyue Development (5206) 주식 개요쿤위 개발 유한회사는 부동산 및 기타 사업을 영위하고 있습니다. 자세히 보기5206 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적5/6재무 건전성3/6배당3/6강점주가수익률(4.5x)이 TW 시장(22.2x)보다 낮습니다.지난 1년간 수익이 60.3% 증가했습니다.위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.2% 의 배당금은 잉여현금흐름으로 잘 충당되지 않습니다.모든 위험 점검 보기5206 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$22.7058.1% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture011b2016201920222025202620282031Revenue NT$11.1bEarnings NT$2.2bAdvancedSet Fair ValueView all narrativesKunyue Development Co., Ltd. 경쟁사Fu Yu PropertySymbol: TPEX:4907Market cap: NT$4.5bKee Tai PropertiesSymbol: TWSE:2538Market cap: NT$4.2bSunfon ConstructionSymbol: TPEX:5514Market cap: NT$3.4bSan Far PropertySymbol: TWSE:9946Market cap: NT$5.5b가격 이력 및 성과Kunyue Development 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가NT$22.7052주 최고가NT$39.0052주 최저가NT$21.80베타-0.221개월 변동-5.02%3개월 변동n/a1년 변동-36.06%3년 변동16.41%5년 변동41.07%IPO 이후 변동-49.75%최근 뉴스 및 업데이트Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$0.88 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00 (up from NT$0.88 in 1Q 2025). Revenue: NT$1.68b (up 45% from 1Q 2025). Net income: NT$419.9m (up 179% from 1Q 2025). Profit margin: 25% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$23.90, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 36% over the past three years.New Risk • Apr 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$3.44 (vs NT$1.88 in FY 2024)Full year 2025 results: EPS: NT$3.44 (up from NT$1.88 in FY 2024). Revenue: NT$3.78b (up 55% from FY 2024). Net income: NT$590.0m (up 83% from FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.공시 • Mar 12Kunyue Development Co., Ltd., Annual General Meeting, Jun 04, 2026Kunyue Development Co., Ltd., Annual General Meeting, Jun 04, 2026. Location: no,157, nan huo rd., south district, taichung city TaiwanReported Earnings • Nov 13Third quarter 2025 earnings released: NT$0.22 loss per share (vs NT$1.69 profit in 3Q 2024)Third quarter 2025 results: NT$0.22 loss per share (down from NT$1.69 profit in 3Q 2024). Revenue: NT$81.6m (down 94% from 3Q 2024). Net loss: NT$38.5m (down 113% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.더 많은 업데이트 보기Recent updatesReported Earnings • May 13First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$0.88 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00 (up from NT$0.88 in 1Q 2025). Revenue: NT$1.68b (up 45% from 1Q 2025). Net income: NT$419.9m (up 179% from 1Q 2025). Profit margin: 25% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$23.90, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 36% over the past three years.New Risk • Apr 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$3.44 (vs NT$1.88 in FY 2024)Full year 2025 results: EPS: NT$3.44 (up from NT$1.88 in FY 2024). Revenue: NT$3.78b (up 55% from FY 2024). Net income: NT$590.0m (up 83% from FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.공시 • Mar 12Kunyue Development Co., Ltd., Annual General Meeting, Jun 04, 2026Kunyue Development Co., Ltd., Annual General Meeting, Jun 04, 2026. Location: no,157, nan huo rd., south district, taichung city TaiwanReported Earnings • Nov 13Third quarter 2025 earnings released: NT$0.22 loss per share (vs NT$1.69 profit in 3Q 2024)Third quarter 2025 results: NT$0.22 loss per share (down from NT$1.69 profit in 3Q 2024). Revenue: NT$81.6m (down 94% from 3Q 2024). Net loss: NT$38.5m (down 113% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$3.34 (vs NT$0.77 in 2Q 2024)Second quarter 2025 results: EPS: NT$3.34 (up from NT$0.77 in 2Q 2024). Revenue: NT$2.51b (up 154% from 2Q 2024). Net income: NT$520.3m (up 296% from 2Q 2024). Profit margin: 21% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jul 24Dividend reduced to NT$0.50Dividend of NT$0.50 is 62% lower than last year. Ex-date: 7th August 2025 Payment date: 5th September 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but 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 over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.97 (vs NT$0.22 in 1Q 2024)First quarter 2025 results: EPS: NT$0.97 (up from NT$0.22 in 1Q 2024). Revenue: NT$1.16b (up 131% from 1Q 2024). Net income: NT$150.6m (up 347% from 1Q 2024). Profit margin: 13% (up from 6.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.공시 • Apr 30Kunyue Development Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Kunyue Development Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025공시 • Apr 17Kunyue Development Co., Ltd. Announces Cash Dividend for the Year Ended December 31, 2024Kunyue Development Co., Ltd. announced cash dividend for the year ended December 31, 2024 of TWD 0.5 per share. Total amount of cash dividends to shareholders is TWD 77,962,500.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to NT$32.15, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 134% over the past three years.New Risk • Mar 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 5.9% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.공시 • Mar 07Kunyue Development Co., Ltd., Annual General Meeting, Jun 11, 2025Kunyue Development Co., Ltd., Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: no,1242, yung ch`un e. rd., nan tun district, taichung city Taiwan공시 • Feb 25Kunyue Development Co., Ltd. to Report Fiscal Year 2024 Results on Mar 05, 2025Kunyue Development Co., Ltd. announced that they will report fiscal year 2024 results on Mar 05, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$1.86 (vs NT$0.15 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$1.86 (up from NT$0.15 loss in 3Q 2023). Revenue: NT$1.39b (up 273% from 3Q 2023). Net income: NT$290.0m (up NT$313.5m from 3Q 2023). Profit margin: 21% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.공시 • Oct 30Kunyue Development Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Kunyue Development Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024New Risk • Aug 28New 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 7.6% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 26% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.84 (vs NT$0.14 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.84 (up from NT$0.14 loss in 2Q 2023). Revenue: NT$988.3m (up NT$886.3m from 2Q 2023). Net income: NT$131.3m (up NT$153.9m from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$43.15, the stock trades at a trailing P/E ratio of 56.2x. Average trailing P/E is 20x in the Real Estate industry in Taiwan. Total returns to shareholders of 186% over the past three years.공시 • Jul 31Kunyue Development Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Kunyue Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024Upcoming Dividend • Jul 25Upcoming dividend of NT$1.30 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). In line with average of industry peers (2.5%).Reported Earnings • May 19First quarter 2024 earnings released: NT$0.41 loss per share (vs NT$1.12 profit in 1Q 2023)First quarter 2024 results: NT$0.41 loss per share (down from NT$1.12 profit in 1Q 2023). Revenue: NT$18.0m (down 99% from 1Q 2023). Net loss: NT$63.9m (down 137% from profit in 1Q 2023). 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 28% per year, which means it is well ahead of earnings.공시 • May 02Kunyue Development Co., Ltd. to Report Q1, 2024 Results on May 08, 2024Kunyue Development Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024Reported Earnings • Mar 14Full year 2023 earnings released: EPS: NT$2.30 (vs NT$0.67 loss in FY 2022)Full year 2023 results: EPS: NT$2.30 (up from NT$0.67 loss in FY 2022). Revenue: NT$3.37b (up NT$2.97b from FY 2022). Net income: NT$358.2m (up NT$462.5m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.공시 • Mar 07Kunyue Development Co., Ltd., Annual General Meeting, Jun 13, 2024Kunyue Development Co., Ltd., Annual General Meeting, Jun 13, 2024. Location: Chun Rui Reception Center, Next to No. 1242, Yongchun East Road, Nantun District, Taichung City Taiwan Agenda: To consider 2023 business report of the Company; to consider 2023 review report of the Audit Committee; to consider report on the remuneration of employees and Directors in 2023; to consider 2023 business report and financial statements of the Company; and to consider 2023 business report and loss compensation from earnings of the company.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$23.85, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 18x in the Real Estate industry in Taiwan. Total returns to shareholders of 56% over the past three years.New Risk • Jul 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.09b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.0% operating cash flow to total debt). Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.09b market cap, or US$99.5m).Upcoming Dividend • Jul 06Upcoming dividend of NT$0.50 per share at 2.3% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 11 August 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (5.4%).Reported Earnings • Mar 28Full year 2022 earnings released: NT$0.67 loss per share (vs NT$0.54 profit in FY 2021)Full year 2022 results: NT$0.67 loss per share (down from NT$0.54 profit in FY 2021). Revenue: NT$396.9m (down 80% from FY 2021). Net loss: NT$104.3m (down 225% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 20Third quarter 2022 earnings released: NT$0.08 loss per share (vs NT$0.74 profit in 3Q 2021)Third quarter 2022 results: NT$0.08 loss per share (down from NT$0.74 profit in 3Q 2021). Net loss: NT$12.4m (down 111% from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Aug 23Upcoming dividend of NT$0.48 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 30 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (6.1%).Reported Earnings • Aug 15Second quarter 2022 earnings released: NT$0.34 loss per share (vs NT$0.023 profit in 2Q 2021)Second quarter 2022 results: NT$0.34 loss per share (down from NT$0.023 profit in 2Q 2021). Revenue: NT$2.35m (down 99% from 2Q 2021). Net loss: NT$52.2m (down NT$55.7m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Reported Earnings • May 16First quarter 2022 earnings released: NT$0.40 loss per share (vs NT$0.054 profit in 1Q 2021)First quarter 2022 results: NT$0.40 loss per share (down from NT$0.054 profit in 1Q 2021). Revenue: NT$0 (down 100% from 1Q 2021). Net loss: NT$63.0m (down NT$71.5m from profit in 1Q 2021). Profit margin: (down from 4.7% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 14Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$0.54 (down from NT$3.11 in FY 2020). Revenue: NT$1.93b (down 29% from FY 2020). Net income: NT$83.5m (down 83% from FY 2020). Profit margin: 4.3% (down from 18% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 46%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Buying Opportunity • Mar 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.9%. The fair value is estimated to be NT$19.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. Earnings per share has grown by 5.5% per annum over the last 3 years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.74 (vs NT$0.81 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.35b (up 83% from 3Q 2020). Net income: NT$115.7m (down 8.1% from 3Q 2020). Profit margin: 8.6% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year.Upcoming Dividend • Aug 23Upcoming dividend of NT$1.30 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 24 September 2021. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (5.0%).Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.02 (vs NT$1.12 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$394.0m (down 56% from 2Q 2020). Net income: NT$3.53m (down 98% from 2Q 2020). Profit margin: 0.9% (down from 19% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.37 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$180.3m (down 48% from 1Q 2020). Net income: NT$8.44m (down 85% from 1Q 2020). Profit margin: 4.7% (down from 17% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$3.11 (vs NT$2.41 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$2.73b (up 24% from FY 2019). Net income: NT$485.0m (up 29% from FY 2019). Profit margin: 18% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.분석 기사 • Mar 16What To Know Before Buying Kunyue Development Co., Ltd. (GTSM:5206) For Its DividendIs Kunyue Development Co., Ltd. ( GTSM:5206 ) a good dividend stock? How can we tell? Dividend paying companies with...공시 • Mar 11Kunyue Development Co., Ltd., Annual General Meeting, Jun 17, 2021Kunyue Development Co., Ltd., Annual General Meeting, Jun 17, 2021.Is New 90 Day High Low • Mar 04New 90-day high: NT$18.00The company is up 3.0% from its price of NT$17.45 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 2.0% over the same period.분석 기사 • Feb 23Kunyue Development (GTSM:5206) Use Of Debt Could Be Considered RiskySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Feb 02Are Kunyue Development's (GTSM:5206) Statutory Earnings A Good Guide To Its Underlying Profitability?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...분석 기사 • Jan 12Is Kunyue Development Co., Ltd.'s (GTSM:5206) ROE Of 12% Impressive?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...분석 기사 • Dec 25Kunyue Development (GTSM:5206) Has Gifted Shareholders With A Fantastic 120% Total Return On Their InvestmentOne simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive...분석 기사 • Dec 07What To Know Before Buying Kunyue Development Co., Ltd. (GTSM:5206) For Its DividendToday we'll take a closer look at Kunyue Development Co., Ltd. ( GTSM:5206 ) from a dividend investor's perspective...Is New 90 Day High Low • Dec 01New 90-day high: NT$18.10The company is up 8.0% from its price of NT$16.70 on 02 September 2020. The Taiwanese market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is up 5.0% over the same period.분석 기사 • Nov 19Kunyue Development (GTSM:5206) Seems To Be Using A Lot Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.81The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$738.3m (up 5.4% from 3Q 2019). Net income: NT$125.9m (up 8.8% from 3Q 2019). Profit margin: 17% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.주주 수익률5206TW Real EstateTW 시장7D-0.7%-0.04%-1.2%1Y-36.1%-20.3%90.3%전체 주주 수익률 보기수익률 대 산업: 5206은 지난 1년 동안 -20.3%의 수익을 기록한 TW Real Estate 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 5206은 지난 1년 동안 90.3%를 기록한 TW 시장보다 저조한 성과를 냈습니다.주가 변동성Is 5206's price volatile compared to industry and market?5206 volatility5206 Average Weekly Movement4.3%Real Estate Industry Average Movement3.3%Market Average Movement6.2%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%안정적인 주가: 5206는 지난 3개월 동안 TW 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 5206의 주간 변동성(4%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1975n/aPi-Yue Chenwww.kunyue.com.tw쿤위 개발 유한회사는 부동산 및 기타 사업에 종사하고 있습니다. 이 회사는 토지 개발, 건축 건물 건설, 주택 개발, 주택 판매 및 고객 서비스 활동에 관여하고 있습니다. 또한 구조, 수력, 방수 및 기타 엔지니어링 서비스도 제공합니다.더 보기Kunyue Development Co., Ltd. 기초 지표 요약Kunyue Development의 순이익과 매출은 시가총액과 어떻게 비교됩니까?5206 기초 통계시가총액NT$3.89b순이익 (TTM)NT$859.30m매출 (TTM)NT$4.30b4.5x주가수익비율(P/E)0.9x주가매출비율(P/S)5206는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표5206 손익계산서 (TTM)매출NT$4.30b매출원가NT$2.81b총이익NT$1.49b기타 비용NT$627.12m순이익NT$859.30m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)5.01총이익률34.58%순이익률19.99%부채/자본 비율221.1%5206의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.0%현재 배당 수익률13%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 00:20종가2026/05/22 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 소스Kunyue Development Co., Ltd.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$0.88 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00 (up from NT$0.88 in 1Q 2025). Revenue: NT$1.68b (up 45% from 1Q 2025). Net income: NT$419.9m (up 179% from 1Q 2025). Profit margin: 25% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$23.90, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 36% over the past three years.
New Risk • Apr 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$3.44 (vs NT$1.88 in FY 2024)Full year 2025 results: EPS: NT$3.44 (up from NT$1.88 in FY 2024). Revenue: NT$3.78b (up 55% from FY 2024). Net income: NT$590.0m (up 83% from FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
공시 • Mar 12Kunyue Development Co., Ltd., Annual General Meeting, Jun 04, 2026Kunyue Development Co., Ltd., Annual General Meeting, Jun 04, 2026. Location: no,157, nan huo rd., south district, taichung city Taiwan
Reported Earnings • Nov 13Third quarter 2025 earnings released: NT$0.22 loss per share (vs NT$1.69 profit in 3Q 2024)Third quarter 2025 results: NT$0.22 loss per share (down from NT$1.69 profit in 3Q 2024). Revenue: NT$81.6m (down 94% from 3Q 2024). Net loss: NT$38.5m (down 113% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$0.88 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00 (up from NT$0.88 in 1Q 2025). Revenue: NT$1.68b (up 45% from 1Q 2025). Net income: NT$419.9m (up 179% from 1Q 2025). Profit margin: 25% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$23.90, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 36% over the past three years.
New Risk • Apr 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$3.44 (vs NT$1.88 in FY 2024)Full year 2025 results: EPS: NT$3.44 (up from NT$1.88 in FY 2024). Revenue: NT$3.78b (up 55% from FY 2024). Net income: NT$590.0m (up 83% from FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
공시 • Mar 12Kunyue Development Co., Ltd., Annual General Meeting, Jun 04, 2026Kunyue Development Co., Ltd., Annual General Meeting, Jun 04, 2026. Location: no,157, nan huo rd., south district, taichung city Taiwan
Reported Earnings • Nov 13Third quarter 2025 earnings released: NT$0.22 loss per share (vs NT$1.69 profit in 3Q 2024)Third quarter 2025 results: NT$0.22 loss per share (down from NT$1.69 profit in 3Q 2024). Revenue: NT$81.6m (down 94% from 3Q 2024). Net loss: NT$38.5m (down 113% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$3.34 (vs NT$0.77 in 2Q 2024)Second quarter 2025 results: EPS: NT$3.34 (up from NT$0.77 in 2Q 2024). Revenue: NT$2.51b (up 154% from 2Q 2024). Net income: NT$520.3m (up 296% from 2Q 2024). Profit margin: 21% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jul 24Dividend reduced to NT$0.50Dividend of NT$0.50 is 62% lower than last year. Ex-date: 7th August 2025 Payment date: 5th September 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but 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 over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.97 (vs NT$0.22 in 1Q 2024)First quarter 2025 results: EPS: NT$0.97 (up from NT$0.22 in 1Q 2024). Revenue: NT$1.16b (up 131% from 1Q 2024). Net income: NT$150.6m (up 347% from 1Q 2024). Profit margin: 13% (up from 6.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
공시 • Apr 30Kunyue Development Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Kunyue Development Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025
공시 • Apr 17Kunyue Development Co., Ltd. Announces Cash Dividend for the Year Ended December 31, 2024Kunyue Development Co., Ltd. announced cash dividend for the year ended December 31, 2024 of TWD 0.5 per share. Total amount of cash dividends to shareholders is TWD 77,962,500.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to NT$32.15, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 134% over the past three years.
New Risk • Mar 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 5.9% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
공시 • Mar 07Kunyue Development Co., Ltd., Annual General Meeting, Jun 11, 2025Kunyue Development Co., Ltd., Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: no,1242, yung ch`un e. rd., nan tun district, taichung city Taiwan
공시 • Feb 25Kunyue Development Co., Ltd. to Report Fiscal Year 2024 Results on Mar 05, 2025Kunyue Development Co., Ltd. announced that they will report fiscal year 2024 results on Mar 05, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$1.86 (vs NT$0.15 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$1.86 (up from NT$0.15 loss in 3Q 2023). Revenue: NT$1.39b (up 273% from 3Q 2023). Net income: NT$290.0m (up NT$313.5m from 3Q 2023). Profit margin: 21% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
공시 • Oct 30Kunyue Development Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Kunyue Development Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024
New Risk • Aug 28New 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 7.6% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 26% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.84 (vs NT$0.14 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.84 (up from NT$0.14 loss in 2Q 2023). Revenue: NT$988.3m (up NT$886.3m from 2Q 2023). Net income: NT$131.3m (up NT$153.9m from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$43.15, the stock trades at a trailing P/E ratio of 56.2x. Average trailing P/E is 20x in the Real Estate industry in Taiwan. Total returns to shareholders of 186% over the past three years.
공시 • Jul 31Kunyue Development Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Kunyue Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024
Upcoming Dividend • Jul 25Upcoming dividend of NT$1.30 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). In line with average of industry peers (2.5%).
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.41 loss per share (vs NT$1.12 profit in 1Q 2023)First quarter 2024 results: NT$0.41 loss per share (down from NT$1.12 profit in 1Q 2023). Revenue: NT$18.0m (down 99% from 1Q 2023). Net loss: NT$63.9m (down 137% from profit in 1Q 2023). 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 28% per year, which means it is well ahead of earnings.
공시 • May 02Kunyue Development Co., Ltd. to Report Q1, 2024 Results on May 08, 2024Kunyue Development Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024
Reported Earnings • Mar 14Full year 2023 earnings released: EPS: NT$2.30 (vs NT$0.67 loss in FY 2022)Full year 2023 results: EPS: NT$2.30 (up from NT$0.67 loss in FY 2022). Revenue: NT$3.37b (up NT$2.97b from FY 2022). Net income: NT$358.2m (up NT$462.5m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
공시 • Mar 07Kunyue Development Co., Ltd., Annual General Meeting, Jun 13, 2024Kunyue Development Co., Ltd., Annual General Meeting, Jun 13, 2024. Location: Chun Rui Reception Center, Next to No. 1242, Yongchun East Road, Nantun District, Taichung City Taiwan Agenda: To consider 2023 business report of the Company; to consider 2023 review report of the Audit Committee; to consider report on the remuneration of employees and Directors in 2023; to consider 2023 business report and financial statements of the Company; and to consider 2023 business report and loss compensation from earnings of the company.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$23.85, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 18x in the Real Estate industry in Taiwan. Total returns to shareholders of 56% over the past three years.
New Risk • Jul 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.09b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.0% operating cash flow to total debt). Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.09b market cap, or US$99.5m).
Upcoming Dividend • Jul 06Upcoming dividend of NT$0.50 per share at 2.3% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 11 August 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (5.4%).
Reported Earnings • Mar 28Full year 2022 earnings released: NT$0.67 loss per share (vs NT$0.54 profit in FY 2021)Full year 2022 results: NT$0.67 loss per share (down from NT$0.54 profit in FY 2021). Revenue: NT$396.9m (down 80% from FY 2021). Net loss: NT$104.3m (down 225% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 20Third quarter 2022 earnings released: NT$0.08 loss per share (vs NT$0.74 profit in 3Q 2021)Third quarter 2022 results: NT$0.08 loss per share (down from NT$0.74 profit in 3Q 2021). Net loss: NT$12.4m (down 111% from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Aug 23Upcoming dividend of NT$0.48 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 30 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (6.1%).
Reported Earnings • Aug 15Second quarter 2022 earnings released: NT$0.34 loss per share (vs NT$0.023 profit in 2Q 2021)Second quarter 2022 results: NT$0.34 loss per share (down from NT$0.023 profit in 2Q 2021). Revenue: NT$2.35m (down 99% from 2Q 2021). Net loss: NT$52.2m (down NT$55.7m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 16First quarter 2022 earnings released: NT$0.40 loss per share (vs NT$0.054 profit in 1Q 2021)First quarter 2022 results: NT$0.40 loss per share (down from NT$0.054 profit in 1Q 2021). Revenue: NT$0 (down 100% from 1Q 2021). Net loss: NT$63.0m (down NT$71.5m from profit in 1Q 2021). Profit margin: (down from 4.7% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 14Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$0.54 (down from NT$3.11 in FY 2020). Revenue: NT$1.93b (down 29% from FY 2020). Net income: NT$83.5m (down 83% from FY 2020). Profit margin: 4.3% (down from 18% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 46%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Buying Opportunity • Mar 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.9%. The fair value is estimated to be NT$19.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. Earnings per share has grown by 5.5% per annum over the last 3 years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.74 (vs NT$0.81 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.35b (up 83% from 3Q 2020). Net income: NT$115.7m (down 8.1% from 3Q 2020). Profit margin: 8.6% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year.
Upcoming Dividend • Aug 23Upcoming dividend of NT$1.30 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 24 September 2021. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (5.0%).
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.02 (vs NT$1.12 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$394.0m (down 56% from 2Q 2020). Net income: NT$3.53m (down 98% from 2Q 2020). Profit margin: 0.9% (down from 19% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.37 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$180.3m (down 48% from 1Q 2020). Net income: NT$8.44m (down 85% from 1Q 2020). Profit margin: 4.7% (down from 17% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$3.11 (vs NT$2.41 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$2.73b (up 24% from FY 2019). Net income: NT$485.0m (up 29% from FY 2019). Profit margin: 18% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
분석 기사 • Mar 16What To Know Before Buying Kunyue Development Co., Ltd. (GTSM:5206) For Its DividendIs Kunyue Development Co., Ltd. ( GTSM:5206 ) a good dividend stock? How can we tell? Dividend paying companies with...
공시 • Mar 11Kunyue Development Co., Ltd., Annual General Meeting, Jun 17, 2021Kunyue Development Co., Ltd., Annual General Meeting, Jun 17, 2021.
Is New 90 Day High Low • Mar 04New 90-day high: NT$18.00The company is up 3.0% from its price of NT$17.45 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 2.0% over the same period.
분석 기사 • Feb 23Kunyue Development (GTSM:5206) Use Of Debt Could Be Considered RiskySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Feb 02Are Kunyue Development's (GTSM:5206) Statutory Earnings A Good Guide To Its Underlying Profitability?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
분석 기사 • Jan 12Is Kunyue Development Co., Ltd.'s (GTSM:5206) ROE Of 12% Impressive?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
분석 기사 • Dec 25Kunyue Development (GTSM:5206) Has Gifted Shareholders With A Fantastic 120% Total Return On Their InvestmentOne simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive...
분석 기사 • Dec 07What To Know Before Buying Kunyue Development Co., Ltd. (GTSM:5206) For Its DividendToday we'll take a closer look at Kunyue Development Co., Ltd. ( GTSM:5206 ) from a dividend investor's perspective...
Is New 90 Day High Low • Dec 01New 90-day high: NT$18.10The company is up 8.0% from its price of NT$16.70 on 02 September 2020. The Taiwanese market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is up 5.0% over the same period.
분석 기사 • Nov 19Kunyue Development (GTSM:5206) Seems To Be Using A Lot Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.81The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$738.3m (up 5.4% from 3Q 2019). Net income: NT$125.9m (up 8.8% from 3Q 2019). Profit margin: 17% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
