View Future GrowthJSL Construction & Development 과거 순이익 실적과거 기준 점검 0/6JSL Construction & Development은 연평균 2.6%의 비율로 수입이 증가해 온 반면, Real Estate 산업은 연평균 8%의 비율로 증가했습니다. 매출은 연평균 19.6%의 비율로 증가했습니다.핵심 정보2.60%순이익 성장률-1.09%주당순이익(EPS) 성장률Real Estate 산업 성장률6.00%매출 성장률19.56%자기자본이익률-0.072%순이익률-0.092%최근 순이익 업데이트30 Jun 2026최근 과거 실적 업데이트Reported Earnings • 42mSecond quarter 2026 earnings released: EPS: NT$0.03 (vs NT$0.64 in 2Q 2025)Second quarter 2026 results: EPS: NT$0.03 (down from NT$0.64 in 2Q 2025). Revenue: NT$2.02b (down 56% from 2Q 2025). Net income: NT$26.3m (down 96% from 2Q 2025). Profit margin: 1.3% (down from 13% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Reported Earnings • May 16First quarter 2026 earnings released: NT$0.012 loss per share (vs NT$0.07 profit in 1Q 2025)First quarter 2026 results: NT$0.012 loss per share (down from NT$0.07 profit in 1Q 2025). Revenue: NT$1.72b (down 19% from 1Q 2025). Net loss: NT$11.3m (down 118% from profit in 1Q 2025). 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 28% per year, which means it is well ahead of earnings.Reported Earnings • Apr 16Full year 2025 earnings released: EPS: NT$0.69 (vs NT$2.20 in FY 2024)Full year 2025 results: EPS: NT$0.69 (down from NT$2.20 in FY 2024). Revenue: NT$11.3b (up 1.3% from FY 2024). Net income: NT$644.2m (down 66% from FY 2024). Profit margin: 5.7% (down from 17% in FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.04 loss per share (vs NT$0.53 profit in 3Q 2024)Third quarter 2025 results: NT$0.04 loss per share (down from NT$0.53 profit in 3Q 2024). Revenue: NT$2.75b (up 7.8% from 3Q 2024). Net loss: NT$36.7m (down 108% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.90 (vs NT$0.88 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.90 (up from NT$0.88 in 2Q 2024). Revenue: NT$4.58b (up 75% from 2Q 2024). Net income: NT$605.3m (up 10% from 2Q 2024). Profit margin: 13% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.10 (vs NT$1.02 in 1Q 2024)First quarter 2025 results: EPS: NT$0.10 (down from NT$1.02 in 1Q 2024). Revenue: NT$2.12b (down 8.8% from 1Q 2024). Net income: NT$61.6m (down 90% from 1Q 2024). Profit margin: 2.9% (down from 26% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.모든 업데이트 보기Recent updatesReported Earnings • 42mSecond quarter 2026 earnings released: EPS: NT$0.03 (vs NT$0.64 in 2Q 2025)Second quarter 2026 results: EPS: NT$0.03 (down from NT$0.64 in 2Q 2025). Revenue: NT$2.02b (down 56% from 2Q 2025). Net income: NT$26.3m (down 96% from 2Q 2025). Profit margin: 1.3% (down from 13% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 10Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to NT$45.20, the stock trades at a trailing P/E ratio of 74.8x. Average trailing P/E is 14x in the Real Estate industry in Taiwan. Total returns to shareholders of 39% over the past three years.Upcoming Dividend • Aug 03Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 10 August 2026. Payment date: 28 August 2026. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (5.5%).Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Kuo Yu-Fu was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Jun 08New 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: 1.4% 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 Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin).Reported Earnings • May 16First quarter 2026 earnings released: NT$0.012 loss per share (vs NT$0.07 profit in 1Q 2025)First quarter 2026 results: NT$0.012 loss per share (down from NT$0.07 profit in 1Q 2025). Revenue: NT$1.72b (down 19% from 1Q 2025). Net loss: NT$11.3m (down 118% from profit in 1Q 2025). 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 28% per year, which means it is well ahead of earnings.Reported Earnings • Apr 16Full year 2025 earnings released: EPS: NT$0.69 (vs NT$2.20 in FY 2024)Full year 2025 results: EPS: NT$0.69 (down from NT$2.20 in FY 2024). Revenue: NT$11.3b (up 1.3% from FY 2024). Net income: NT$644.2m (down 66% from FY 2024). Profit margin: 5.7% (down from 17% in FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.공고 • Mar 10JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2026JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,128, lung chiang rd., jhongshan district, taipei city TaiwanReported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.04 loss per share (vs NT$0.53 profit in 3Q 2024)Third quarter 2025 results: NT$0.04 loss per share (down from NT$0.53 profit in 3Q 2024). Revenue: NT$2.75b (up 7.8% from 3Q 2024). Net loss: NT$36.7m (down 108% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorates as stock falls 30%After last week's 30% share price decline to NT$56.80, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 48% over the past three years.Upcoming Dividend • Sep 23Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 30 September 2025. Payment date: 31 October 2025. The company last paid an ordinary dividend in September 2022. The average dividend yield among industry peers is 4.9%.New Risk • Sep 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin).Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.90 (vs NT$0.88 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.90 (up from NT$0.88 in 2Q 2024). Revenue: NT$4.58b (up 75% from 2Q 2024). Net income: NT$605.3m (up 10% from 2Q 2024). Profit margin: 13% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year.Board Change • Jul 28Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Hsiang-Chi Hu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.10 (vs NT$1.02 in 1Q 2024)First quarter 2025 results: EPS: NT$0.10 (down from NT$1.02 in 1Q 2024). Revenue: NT$2.12b (down 8.8% from 1Q 2024). Net income: NT$61.6m (down 90% from 1Q 2024). Profit margin: 2.9% (down from 26% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.공고 • May 01JSL Construction & Development Co., Ltd. to Report Q1, 2025 Results on May 12, 2025JSL Construction & Development Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025공고 • Apr 22JSL Construction & Development Co., Ltd. Announces Cash Dividend for the Year Ended December 31, 2024JSL Construction & Development Co., Ltd. announced Appropriations of earnings in cash dividends to shareholders of TWD 0.4 per share and Cash distributed from legal reserve and capital surplus to shareholders of TWD 0.6 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders is TWD 674,909,975.Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$84.90, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 138% over the past three years.공고 • Apr 01JSL Construction & Development Co., Ltd. Appoints Guo,Yu-Fu as Independent Director, Effective from March 31, 2025JSL Construction & Development Co., Ltd. appointed GUO,YU-FU, General Manager of Marketing and Planning Department,LION TRAVEL SERVICE CO., LTD., as Independent director. Reason for the change: Supplementary election of an independent director. Effective date of the new appointment:2025/03/31.Reported Earnings • Apr 01Full year 2024 earnings released: EPS: NT$3.07 (vs NT$2.61 in FY 2023)Full year 2024 results: EPS: NT$3.07 (up from NT$2.61 in FY 2023). Revenue: NT$11.2b (up 38% from FY 2023). Net income: NT$1.90b (up 26% from FY 2023). Profit margin: 17% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 31% per year.공고 • Apr 01JSL Construction & Development Co., Ltd. Appoints Guo,Yu-Fu as Member of Audit Committee, Effective from March 31, 2025JSL Construction & Development Co., Ltd. announced the change of members from the Company's Audit Committee. Name of the new position holder: GUO,YU-FU, General Manager of Marketing and Planning Department,LION TRAVEL SERVICE CO., LTD. Effective date of the new member:2025/03/31.공고 • Mar 11JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2025JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2025. Location: 2 floor no,128, lung chiang rd., jhongshan district, taipei city Taiwan공고 • Feb 27JSL Construction & Development Co., Ltd. to Report Fiscal Year 2024 Results on Mar 10, 2025JSL Construction & Development Co., Ltd. announced that they will report fiscal year 2024 results on Mar 10, 2025분석 기사 • Feb 14We Ran A Stock Scan For Earnings Growth And JSL Construction & Development (TWSE:2540) Passed With EaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...공고 • Feb 12+ 1 more updateJSL Construction & Development Co., Ltd. Announces Change of Chief Internal AuditorJSL Construction & Development Co., Ltd. announced Change of Chief internal auditor. Name, title, and resume of the previous position holder: LIN,PEI CHUN/Chief internal auditor of The Company. Name, title, and resume of the new position holder: Chen,Wei-Yun/Internal audit of The Company. Effective date: February 11, 2025.분석 기사 • Dec 28JSL Construction & Development Co., Ltd.'s (TWSE:2540) Price In Tune With EarningsWith a price-to-earnings (or "P/E") ratio of 23.8x JSL Construction & Development Co., Ltd. ( TWSE:2540 ) may be...분석 기사 • Nov 23Additional Considerations Required While Assessing JSL Construction & Development's (TWSE:2540) Strong EarningsJSL Construction & Development Co., Ltd.'s ( TWSE:2540 ) robust earnings report didn't manage to move the market for...Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$0.73 (vs NT$0.48 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.73 (up from NT$0.48 in 3Q 2023). Revenue: NT$2.55b (up 33% from 3Q 2023). Net income: NT$453.3m (up 63% from 3Q 2023). Profit margin: 18% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.공고 • Nov 16JSL Construction & Development Co., Ltd. Announces Change of the Legal RepresentativeJSL Construction & Development Co., Ltd. announced of the change of the company's legal representative. Name of legal person:Fengyun Advertising Co.,Ltd. 3.Name of the previous position holder:Ching-Tsai Chang. Resume of the previous position holder:General Manager of JSL CONSTRUCTION & DEVELOPMENT CO., LTD. Name of the new position holder:WANG,A-ZHENG. Resume of the new position holder:Vice President of Finance, Jaysanlyn Construction Co., Ltd. Reason for the change:Reassignment of legal representative. Effective date of the new appointment is November 15, 2024.공고 • Nov 13JSL Construction & Development Co., Ltd. has filed a Follow-on Equity Offering.JSL Construction & Development Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Common Shares Security Type: Common Stock Securities Offered: 7,500,000 Security Name: Common Shares Security Type: Common Stock Securities Offered: 5,000,000 Security Name: Common Shares Security Type: Common Stock Securities Offered: 37,500,000 Transaction Features: Reserved Share Offering공고 • Nov 12JSL Construction & Development Co., Ltd. announced that it expects to receive TWD 500 million in fundingJSL Construction & Development Co., Ltd. announced a private placement to issue 50,000,000 common shares at an issue price of TWD 10 per share for the gross proceeds of TWD 500,000,000 on November 11, 2024. The transaction has been approved by shareholders.공고 • Oct 26JSL Construction & Development Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024JSL Construction & Development Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024분석 기사 • Sep 05JSL Construction & Development Co., Ltd. (TWSE:2540) Stock Rockets 26% As Investors Are Less Pessimistic Than ExpectedJSL Construction & Development Co., Ltd. ( TWSE:2540 ) shareholders would be excited to see that the share price has...Upcoming Dividend • Sep 05Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 12 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.8%).분석 기사 • Aug 18Here's Why JSL Construction & Development (TWSE:2540) Has Caught The Eye Of InvestorsIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.32 (vs NT$0.78 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.32 (up from NT$0.78 in 2Q 2023). Revenue: NT$2.62b (up 31% from 2Q 2023). Net income: NT$548.8m (up 81% from 2Q 2023). Profit margin: 21% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Aug 14Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 12th September 2024 Payment date: 18th October 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.7%.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$167, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 20x in the Real Estate industry in Taiwan. Total returns to shareholders of 483% over the past three years.New Risk • Aug 02New 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 8.7% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.7% average weekly change). High level of non-cash earnings (28% accrual ratio). Minor Risk Shareholders have been diluted in the past year (6.4% increase in shares outstanding).공고 • Aug 02JSL Construction & Development Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024JSL Construction & Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$220, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 22x in the Real Estate industry in Taiwan. Total returns to shareholders of 714% over the past three years.분석 기사 • Jun 24Subdued Growth No Barrier To JSL Construction & Development Co., Ltd. (TWSE:2540) With Shares Advancing 27%Despite an already strong run, JSL Construction & Development Co., Ltd. ( TWSE:2540 ) shares have been powering on...분석 기사 • Jun 17These 4 Measures Indicate That JSL Construction & Development (TWSE:2540) Is Using Debt ExtensivelyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$186, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 22x in the Real Estate industry in Taiwan. Total returns to shareholders of 598% over the past three years.Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$1.53 (vs NT$0.39 in 1Q 2023)First quarter 2024 results: EPS: NT$1.53 (up from NT$0.39 in 1Q 2023). Revenue: NT$2.33b (up 55% from 1Q 2023). Net income: NT$600.9m (up 333% from 1Q 2023). Profit margin: 26% (up from 9.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$169, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 25x in the Real Estate industry in Taiwan. Total returns to shareholders of 477% over the past three years.분석 기사 • Apr 26Optimistic Investors Push JSL Construction & Development Co., Ltd. (TWSE:2540) Shares Up 41% But Growth Is LackingJSL Construction & Development Co., Ltd. ( TWSE:2540 ) shareholders have had their patience rewarded with a 41% share...Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$119, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 21x in the Real Estate industry in Taiwan. Total returns to shareholders of 330% over the past three years.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$106, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 20x in the Real Estate industry in Taiwan. Total returns to shareholders of 290% over the past three years.New Risk • Mar 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risk Shareholders have been diluted in the past year (6.4% increase in shares outstanding).분석 기사 • Mar 29JSL Construction & Development's (TWSE:2540) Earnings Are Of Questionable QualityDespite posting some strong earnings, the market for JSL Construction & Development Co., Ltd.'s ( TWSE:2540 ) stock...Reported Earnings • Mar 26Full year 2023 earnings released: EPS: NT$3.91 (vs NT$1.24 in FY 2022)Full year 2023 results: EPS: NT$3.91 (up from NT$1.24 in FY 2022). Revenue: NT$8.10b (up 71% from FY 2022). Net income: NT$1.51b (up 239% from FY 2022). Profit margin: 19% (up from 9.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings.공고 • Mar 16JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 28, 2024JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 28, 2024. Location: B2F., No.60, Xing'an St., Zhongshan Dist., Taipei City , Taiwan (R.O.C.) Taipei City Taiwan Agenda: To consider The 2023 business report; The 2023 audited report of the settled books by the Audit committee; The status report of the 2023 remuneration distributed to employees and directors; Report on remuneration paid to directors of 2023; The reports of guarantee by endorsement; Corporate Bond-secured (none) reporting; Other reporting details; and to discuss other matters.분석 기사 • Mar 11Risks To Shareholder Returns Are Elevated At These Prices For JSL Construction & Development Co., Ltd. (TWSE:2540)When close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") below 22x, you may consider JSL...New Risk • Nov 15New 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 5.6% 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). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (9.0% increase in shares outstanding).공고 • Nov 11JSL Construction & Development Co., Ltd. has filed a Follow-on Equity Offering.JSL Construction & Development Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 20,000,000 Transaction Features: Rights OfferingValuation Update With 7 Day Price Move • Sep 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$81.70, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 18x in the Real Estate industry in Taiwan. Total returns to shareholders of 239% over the past three years.Upcoming Dividend • Sep 06Upcoming dividend of NT$1.50 per share at 2.2% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 17 October 2023. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.4%).Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: NT$1.05 (vs NT$0.18 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.05 (up from NT$0.18 in 2Q 2022). Revenue: NT$2.00b (up 99% from 2Q 2022). Net income: NT$304.1m (up NT$254.8m from 2Q 2022). Profit margin: 15% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 62% per year, which means it is well ahead of earnings.공고 • Jul 01JSL Construction & Development Co., Ltd. Approves the Board ChangesJSL Construction & Development Co., Ltd. approved the election of the board of directors. The company appointed Chu Yi, a Representative of Yangshanlin Advertising Co., Ltd. as director in the place of Mao-Yen Hsu, a Representative of Yi-Feng International Development Co., Ltd. Effective date of the new appointment is June 30, 2023.Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$1.67 (vs NT$4.26 in FY 2021)Full year 2022 results: EPS: NT$1.67 (down from NT$4.26 in FY 2021). Revenue: NT$4.73b (down 14% from FY 2021). Net income: NT$444.6m (down 61% from FY 2021). Profit margin: 9.4% (down from 21% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jan 17Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$85.20, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 13x in the Real Estate industry in Taiwan. Total returns to shareholders of 502% over the past three years.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). General Manager and Director Jingzai Zhang was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.16 (vs NT$0.49 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.16 (down from NT$0.49 in 3Q 2021). Revenue: NT$1.17b (up 4.8% from 3Q 2021). Net income: NT$41.5m (down 68% from 3Q 2021). Profit margin: 3.6% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$79.50, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 522% over the past three years.Valuation Update With 7 Day Price Move • Oct 06Investor sentiment improved over the past weekAfter last week's 34% share price gain to NT$95.50, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 682% over the past three years.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$72.80, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 13x in the Real Estate industry in Taiwan. Total returns to shareholders of 513% over the past three years.Upcoming Dividend • Sep 12Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 19 September 2022. Payment date: 21 October 2022. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (6.1%).Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: NT$0.31 (vs NT$0.30 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.31 (up from NT$0.30 in 2Q 2021). Revenue: NT$1.00b (down 5.7% from 2Q 2021). Net income: NT$49.4m (up 1.9% from 2Q 2021). Profit margin: 4.9% (up from 4.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.37 (vs NT$1.72 in 1Q 2021)First quarter 2022 results: EPS: NT$0.37 (down from NT$1.72 in 1Q 2021). Revenue: NT$1.12b (down 7.0% from 1Q 2021). Net income: NT$59.9m (down 78% from 1Q 2021). Profit margin: 5.4% (down from 23% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year whereas the company’s share price has increased by 69% per year.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). General Manager and Director Jingzai Zhang was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$7.02 (vs NT$5.62 in FY 2020)Full year 2021 results: EPS: NT$7.02 (up from NT$5.62 in FY 2020). Revenue: NT$5.52b (up 16% from FY 2020). Net income: NT$1.13b (up 25% from FY 2020). Profit margin: 21% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year whereas the company’s share price has increased by 76% per year.공고 • Mar 23JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2022JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2022.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 34% share price gain to NT$125, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 439% over the past three years.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.81 (vs NT$1.66 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.11b (down 31% from 3Q 2020). Net income: NT$130.8m (down 51% from 3Q 2020). Profit margin: 12% (down from 17% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Oct 19Inaugural dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 October 2021. Payment date: 30 November 2021. This is the first dividend for JSL Construction & Development since going public. The average dividend yield among industry peers is 4.5%.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.99 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.06b (up 33% from 2Q 2020). Net income: NT$48.4m (down 67% from 2Q 2020). Profit margin: 4.6% (down from 18% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$1.89 (vs NT$0.96 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.20b (up 49% from 1Q 2020). Net income: NT$276.8m (up 97% from 1Q 2020). Profit margin: 23% (up from 17% in 1Q 2020). The increase in margin was driven by higher revenue. 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 24% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$66.70, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 80% over the past three years.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$79.70, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Real Estate industry in Taiwan. Total returns to shareholders of 166% over the past three years.Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$6.18 (vs NT$1.38 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.78b (up 115% from FY 2019). Net income: NT$906.1m (up 347% from FY 2019). Profit margin: 19% (up from 9.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.분석 기사 • Mar 29Is JSL Construction & Development (TPE:2540) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Feb 22JSL Construction & Development Co., Ltd. (TPE:2540) Delivered A Better ROE Than Its IndustryWhile some investors are already well versed in financial metrics (hat tip), this article is for those who would like...분석 기사 • Jan 18The JSL Construction & Development (TPE:2540) Share Price Is Up 183% And Shareholders Are Boasting About ItThe worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...분석 기사 • Dec 14Does JSL Construction & Development (TPE:2540) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Dec 14Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$69.00, the stock is trading at a trailing P/E ratio of 15.4x, down from the previous P/E ratio of 18.2x. This compares to an average P/E of 16x in the Real Estate industry in Taiwan. Total returns to shareholders over the past three years are 223%.Valuation Update With 7 Day Price Move • Dec 07Market bids up stock over the past weekAfter last week's 19% share price gain to NT$81.50, the stock is trading at a trailing P/E ratio of 18.2x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 17x in the Real Estate industry in Taiwan. Total returns to shareholders over the past three years are 279%.Is New 90 Day High Low • Dec 04New 90-day high: NT$75.70The company is up 50% from its price of NT$50.30 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.83The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.62b (up 200% from 3Q 2019). Net income: NT$267.8m (up NT$229.3m from 3Q 2019). Profit margin: 17% (up from 7.1% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.매출 및 비용 세부 내역JSL Construction & Development가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TWSE:2540 매출, 비용 및 순이익 (TWD Millions)날짜매출순이익일반관리비연구개발비30 Jun 268,344-81,0745031 Mar 2610,9035711,2215131 Dec 2511,3046441,2575130 Sep 2513,1089301,2254930 Jun 2512,9101,4201,2435031 Mar 2510,9531,3641,1054731 Dec 2411,1581,9031,0984730 Sep 2410,1902,3901,1424530 Jun 249,5592,2151,0984431 Mar 248,9341,9701,0574531 Dec 238,1031,5081,0064430 Sep 236,8591,0158664330 Jun 236,1067788334131 Mar 235,1135237414031 Dec 224,7344456544030 Sep 225,4318276554130 Jun 225,3779165784031 Mar 225,4389155933931 Dec 215,5211,1326243830 Sep 214,9278087043530 Jun 215,4379457673631 Mar 215,1751,0427633731 Dec 204,7789067033830 Sep 203,9196556113730 Jun 202,8374265003831 Mar 202,7093203953731 Dec 192,2212033353630 Sep 192,028723343530 Jun 192,1431043533331 Mar 191,8061113313231 Dec 181,8601853163230 Sep 181,7432242803330 Jun 181,2751022293431 Mar 181,2261082343431 Dec 171,006182353430 Sep 171,027672442530 Jun 171,3072742581731 Mar 171,204262257931 Dec 161,158260258130 Sep 161,055323215130 Jun 16745227209031 Mar 16738189212031 Dec 15838215220030 Sep 15888672230양질의 수익: 2540 은(는) 현재 수익성이 없습니다.이익 마진 증가: 2540는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 2540는 수익성이 없지만 지난 5년 동안 연평균 2.6%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 2540의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 2540은 수익성이 없어 지난 해 수익 성장률을 Real Estate 업계(-22.2%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 2540는 현재 수익성이 없으므로 자본 수익률이 음수(-0.072%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YReal-estate-management-and-development 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/19 18:14종가2026/08/19 00:00수익2026/06/30연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스JSL Construction & 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 • 42mSecond quarter 2026 earnings released: EPS: NT$0.03 (vs NT$0.64 in 2Q 2025)Second quarter 2026 results: EPS: NT$0.03 (down from NT$0.64 in 2Q 2025). Revenue: NT$2.02b (down 56% from 2Q 2025). Net income: NT$26.3m (down 96% from 2Q 2025). Profit margin: 1.3% (down from 13% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Reported Earnings • May 16First quarter 2026 earnings released: NT$0.012 loss per share (vs NT$0.07 profit in 1Q 2025)First quarter 2026 results: NT$0.012 loss per share (down from NT$0.07 profit in 1Q 2025). Revenue: NT$1.72b (down 19% from 1Q 2025). Net loss: NT$11.3m (down 118% from profit in 1Q 2025). 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 28% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 16Full year 2025 earnings released: EPS: NT$0.69 (vs NT$2.20 in FY 2024)Full year 2025 results: EPS: NT$0.69 (down from NT$2.20 in FY 2024). Revenue: NT$11.3b (up 1.3% from FY 2024). Net income: NT$644.2m (down 66% from FY 2024). Profit margin: 5.7% (down from 17% in FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.04 loss per share (vs NT$0.53 profit in 3Q 2024)Third quarter 2025 results: NT$0.04 loss per share (down from NT$0.53 profit in 3Q 2024). Revenue: NT$2.75b (up 7.8% from 3Q 2024). Net loss: NT$36.7m (down 108% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.90 (vs NT$0.88 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.90 (up from NT$0.88 in 2Q 2024). Revenue: NT$4.58b (up 75% from 2Q 2024). Net income: NT$605.3m (up 10% from 2Q 2024). Profit margin: 13% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.10 (vs NT$1.02 in 1Q 2024)First quarter 2025 results: EPS: NT$0.10 (down from NT$1.02 in 1Q 2024). Revenue: NT$2.12b (down 8.8% from 1Q 2024). Net income: NT$61.6m (down 90% from 1Q 2024). Profit margin: 2.9% (down from 26% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Reported Earnings • 42mSecond quarter 2026 earnings released: EPS: NT$0.03 (vs NT$0.64 in 2Q 2025)Second quarter 2026 results: EPS: NT$0.03 (down from NT$0.64 in 2Q 2025). Revenue: NT$2.02b (down 56% from 2Q 2025). Net income: NT$26.3m (down 96% from 2Q 2025). Profit margin: 1.3% (down from 13% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to NT$45.20, the stock trades at a trailing P/E ratio of 74.8x. Average trailing P/E is 14x in the Real Estate industry in Taiwan. Total returns to shareholders of 39% over the past three years.
Upcoming Dividend • Aug 03Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 10 August 2026. Payment date: 28 August 2026. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (5.5%).
Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Kuo Yu-Fu was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Jun 08New 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: 1.4% 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 Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin).
Reported Earnings • May 16First quarter 2026 earnings released: NT$0.012 loss per share (vs NT$0.07 profit in 1Q 2025)First quarter 2026 results: NT$0.012 loss per share (down from NT$0.07 profit in 1Q 2025). Revenue: NT$1.72b (down 19% from 1Q 2025). Net loss: NT$11.3m (down 118% from profit in 1Q 2025). 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 28% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 16Full year 2025 earnings released: EPS: NT$0.69 (vs NT$2.20 in FY 2024)Full year 2025 results: EPS: NT$0.69 (down from NT$2.20 in FY 2024). Revenue: NT$11.3b (up 1.3% from FY 2024). Net income: NT$644.2m (down 66% from FY 2024). Profit margin: 5.7% (down from 17% in FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Mar 10JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2026JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,128, lung chiang rd., jhongshan district, taipei city Taiwan
Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.04 loss per share (vs NT$0.53 profit in 3Q 2024)Third quarter 2025 results: NT$0.04 loss per share (down from NT$0.53 profit in 3Q 2024). Revenue: NT$2.75b (up 7.8% from 3Q 2024). Net loss: NT$36.7m (down 108% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorates as stock falls 30%After last week's 30% share price decline to NT$56.80, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 48% over the past three years.
Upcoming Dividend • Sep 23Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 30 September 2025. Payment date: 31 October 2025. The company last paid an ordinary dividend in September 2022. The average dividend yield among industry peers is 4.9%.
New Risk • Sep 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin).
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.90 (vs NT$0.88 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.90 (up from NT$0.88 in 2Q 2024). Revenue: NT$4.58b (up 75% from 2Q 2024). Net income: NT$605.3m (up 10% from 2Q 2024). Profit margin: 13% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year.
Board Change • Jul 28Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Hsiang-Chi Hu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.10 (vs NT$1.02 in 1Q 2024)First quarter 2025 results: EPS: NT$0.10 (down from NT$1.02 in 1Q 2024). Revenue: NT$2.12b (down 8.8% from 1Q 2024). Net income: NT$61.6m (down 90% from 1Q 2024). Profit margin: 2.9% (down from 26% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
공고 • May 01JSL Construction & Development Co., Ltd. to Report Q1, 2025 Results on May 12, 2025JSL Construction & Development Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025
공고 • Apr 22JSL Construction & Development Co., Ltd. Announces Cash Dividend for the Year Ended December 31, 2024JSL Construction & Development Co., Ltd. announced Appropriations of earnings in cash dividends to shareholders of TWD 0.4 per share and Cash distributed from legal reserve and capital surplus to shareholders of TWD 0.6 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders is TWD 674,909,975.
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$84.90, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 138% over the past three years.
공고 • Apr 01JSL Construction & Development Co., Ltd. Appoints Guo,Yu-Fu as Independent Director, Effective from March 31, 2025JSL Construction & Development Co., Ltd. appointed GUO,YU-FU, General Manager of Marketing and Planning Department,LION TRAVEL SERVICE CO., LTD., as Independent director. Reason for the change: Supplementary election of an independent director. Effective date of the new appointment:2025/03/31.
Reported Earnings • Apr 01Full year 2024 earnings released: EPS: NT$3.07 (vs NT$2.61 in FY 2023)Full year 2024 results: EPS: NT$3.07 (up from NT$2.61 in FY 2023). Revenue: NT$11.2b (up 38% from FY 2023). Net income: NT$1.90b (up 26% from FY 2023). Profit margin: 17% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 31% per year.
공고 • Apr 01JSL Construction & Development Co., Ltd. Appoints Guo,Yu-Fu as Member of Audit Committee, Effective from March 31, 2025JSL Construction & Development Co., Ltd. announced the change of members from the Company's Audit Committee. Name of the new position holder: GUO,YU-FU, General Manager of Marketing and Planning Department,LION TRAVEL SERVICE CO., LTD. Effective date of the new member:2025/03/31.
공고 • Mar 11JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2025JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2025. Location: 2 floor no,128, lung chiang rd., jhongshan district, taipei city Taiwan
공고 • Feb 27JSL Construction & Development Co., Ltd. to Report Fiscal Year 2024 Results on Mar 10, 2025JSL Construction & Development Co., Ltd. announced that they will report fiscal year 2024 results on Mar 10, 2025
분석 기사 • Feb 14We Ran A Stock Scan For Earnings Growth And JSL Construction & Development (TWSE:2540) Passed With EaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
공고 • Feb 12+ 1 more updateJSL Construction & Development Co., Ltd. Announces Change of Chief Internal AuditorJSL Construction & Development Co., Ltd. announced Change of Chief internal auditor. Name, title, and resume of the previous position holder: LIN,PEI CHUN/Chief internal auditor of The Company. Name, title, and resume of the new position holder: Chen,Wei-Yun/Internal audit of The Company. Effective date: February 11, 2025.
분석 기사 • Dec 28JSL Construction & Development Co., Ltd.'s (TWSE:2540) Price In Tune With EarningsWith a price-to-earnings (or "P/E") ratio of 23.8x JSL Construction & Development Co., Ltd. ( TWSE:2540 ) may be...
분석 기사 • Nov 23Additional Considerations Required While Assessing JSL Construction & Development's (TWSE:2540) Strong EarningsJSL Construction & Development Co., Ltd.'s ( TWSE:2540 ) robust earnings report didn't manage to move the market for...
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$0.73 (vs NT$0.48 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.73 (up from NT$0.48 in 3Q 2023). Revenue: NT$2.55b (up 33% from 3Q 2023). Net income: NT$453.3m (up 63% from 3Q 2023). Profit margin: 18% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Nov 16JSL Construction & Development Co., Ltd. Announces Change of the Legal RepresentativeJSL Construction & Development Co., Ltd. announced of the change of the company's legal representative. Name of legal person:Fengyun Advertising Co.,Ltd. 3.Name of the previous position holder:Ching-Tsai Chang. Resume of the previous position holder:General Manager of JSL CONSTRUCTION & DEVELOPMENT CO., LTD. Name of the new position holder:WANG,A-ZHENG. Resume of the new position holder:Vice President of Finance, Jaysanlyn Construction Co., Ltd. Reason for the change:Reassignment of legal representative. Effective date of the new appointment is November 15, 2024.
공고 • Nov 13JSL Construction & Development Co., Ltd. has filed a Follow-on Equity Offering.JSL Construction & Development Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Common Shares Security Type: Common Stock Securities Offered: 7,500,000 Security Name: Common Shares Security Type: Common Stock Securities Offered: 5,000,000 Security Name: Common Shares Security Type: Common Stock Securities Offered: 37,500,000 Transaction Features: Reserved Share Offering
공고 • Nov 12JSL Construction & Development Co., Ltd. announced that it expects to receive TWD 500 million in fundingJSL Construction & Development Co., Ltd. announced a private placement to issue 50,000,000 common shares at an issue price of TWD 10 per share for the gross proceeds of TWD 500,000,000 on November 11, 2024. The transaction has been approved by shareholders.
공고 • Oct 26JSL Construction & Development Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024JSL Construction & Development Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024
분석 기사 • Sep 05JSL Construction & Development Co., Ltd. (TWSE:2540) Stock Rockets 26% As Investors Are Less Pessimistic Than ExpectedJSL Construction & Development Co., Ltd. ( TWSE:2540 ) shareholders would be excited to see that the share price has...
Upcoming Dividend • Sep 05Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 12 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.8%).
분석 기사 • Aug 18Here's Why JSL Construction & Development (TWSE:2540) Has Caught The Eye Of InvestorsIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.32 (vs NT$0.78 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.32 (up from NT$0.78 in 2Q 2023). Revenue: NT$2.62b (up 31% from 2Q 2023). Net income: NT$548.8m (up 81% from 2Q 2023). Profit margin: 21% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Aug 14Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 12th September 2024 Payment date: 18th October 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.7%.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$167, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 20x in the Real Estate industry in Taiwan. Total returns to shareholders of 483% over the past three years.
New Risk • Aug 02New 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 8.7% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.7% average weekly change). High level of non-cash earnings (28% accrual ratio). Minor Risk Shareholders have been diluted in the past year (6.4% increase in shares outstanding).
공고 • Aug 02JSL Construction & Development Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024JSL Construction & Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$220, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 22x in the Real Estate industry in Taiwan. Total returns to shareholders of 714% over the past three years.
분석 기사 • Jun 24Subdued Growth No Barrier To JSL Construction & Development Co., Ltd. (TWSE:2540) With Shares Advancing 27%Despite an already strong run, JSL Construction & Development Co., Ltd. ( TWSE:2540 ) shares have been powering on...
분석 기사 • Jun 17These 4 Measures Indicate That JSL Construction & Development (TWSE:2540) Is Using Debt ExtensivelyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$186, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 22x in the Real Estate industry in Taiwan. Total returns to shareholders of 598% over the past three years.
Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$1.53 (vs NT$0.39 in 1Q 2023)First quarter 2024 results: EPS: NT$1.53 (up from NT$0.39 in 1Q 2023). Revenue: NT$2.33b (up 55% from 1Q 2023). Net income: NT$600.9m (up 333% from 1Q 2023). Profit margin: 26% (up from 9.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$169, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 25x in the Real Estate industry in Taiwan. Total returns to shareholders of 477% over the past three years.
분석 기사 • Apr 26Optimistic Investors Push JSL Construction & Development Co., Ltd. (TWSE:2540) Shares Up 41% But Growth Is LackingJSL Construction & Development Co., Ltd. ( TWSE:2540 ) shareholders have had their patience rewarded with a 41% share...
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$119, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 21x in the Real Estate industry in Taiwan. Total returns to shareholders of 330% over the past three years.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$106, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 20x in the Real Estate industry in Taiwan. Total returns to shareholders of 290% over the past three years.
New Risk • Mar 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risk Shareholders have been diluted in the past year (6.4% increase in shares outstanding).
분석 기사 • Mar 29JSL Construction & Development's (TWSE:2540) Earnings Are Of Questionable QualityDespite posting some strong earnings, the market for JSL Construction & Development Co., Ltd.'s ( TWSE:2540 ) stock...
Reported Earnings • Mar 26Full year 2023 earnings released: EPS: NT$3.91 (vs NT$1.24 in FY 2022)Full year 2023 results: EPS: NT$3.91 (up from NT$1.24 in FY 2022). Revenue: NT$8.10b (up 71% from FY 2022). Net income: NT$1.51b (up 239% from FY 2022). Profit margin: 19% (up from 9.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings.
공고 • Mar 16JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 28, 2024JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 28, 2024. Location: B2F., No.60, Xing'an St., Zhongshan Dist., Taipei City , Taiwan (R.O.C.) Taipei City Taiwan Agenda: To consider The 2023 business report; The 2023 audited report of the settled books by the Audit committee; The status report of the 2023 remuneration distributed to employees and directors; Report on remuneration paid to directors of 2023; The reports of guarantee by endorsement; Corporate Bond-secured (none) reporting; Other reporting details; and to discuss other matters.
분석 기사 • Mar 11Risks To Shareholder Returns Are Elevated At These Prices For JSL Construction & Development Co., Ltd. (TWSE:2540)When close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") below 22x, you may consider JSL...
New Risk • Nov 15New 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 5.6% 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). High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (9.0% increase in shares outstanding).
공고 • Nov 11JSL Construction & Development Co., Ltd. has filed a Follow-on Equity Offering.JSL Construction & Development Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 20,000,000 Transaction Features: Rights Offering
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$81.70, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 18x in the Real Estate industry in Taiwan. Total returns to shareholders of 239% over the past three years.
Upcoming Dividend • Sep 06Upcoming dividend of NT$1.50 per share at 2.2% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 17 October 2023. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.4%).
Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: NT$1.05 (vs NT$0.18 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.05 (up from NT$0.18 in 2Q 2022). Revenue: NT$2.00b (up 99% from 2Q 2022). Net income: NT$304.1m (up NT$254.8m from 2Q 2022). Profit margin: 15% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 62% per year, which means it is well ahead of earnings.
공고 • Jul 01JSL Construction & Development Co., Ltd. Approves the Board ChangesJSL Construction & Development Co., Ltd. approved the election of the board of directors. The company appointed Chu Yi, a Representative of Yangshanlin Advertising Co., Ltd. as director in the place of Mao-Yen Hsu, a Representative of Yi-Feng International Development Co., Ltd. Effective date of the new appointment is June 30, 2023.
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$1.67 (vs NT$4.26 in FY 2021)Full year 2022 results: EPS: NT$1.67 (down from NT$4.26 in FY 2021). Revenue: NT$4.73b (down 14% from FY 2021). Net income: NT$444.6m (down 61% from FY 2021). Profit margin: 9.4% (down from 21% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jan 17Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$85.20, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 13x in the Real Estate industry in Taiwan. Total returns to shareholders of 502% over the past three years.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). General Manager and Director Jingzai Zhang was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.16 (vs NT$0.49 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.16 (down from NT$0.49 in 3Q 2021). Revenue: NT$1.17b (up 4.8% from 3Q 2021). Net income: NT$41.5m (down 68% from 3Q 2021). Profit margin: 3.6% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$79.50, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 522% over the past three years.
Valuation Update With 7 Day Price Move • Oct 06Investor sentiment improved over the past weekAfter last week's 34% share price gain to NT$95.50, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 682% over the past three years.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$72.80, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 13x in the Real Estate industry in Taiwan. Total returns to shareholders of 513% over the past three years.
Upcoming Dividend • Sep 12Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 19 September 2022. Payment date: 21 October 2022. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (6.1%).
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: NT$0.31 (vs NT$0.30 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.31 (up from NT$0.30 in 2Q 2021). Revenue: NT$1.00b (down 5.7% from 2Q 2021). Net income: NT$49.4m (up 1.9% from 2Q 2021). Profit margin: 4.9% (up from 4.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.37 (vs NT$1.72 in 1Q 2021)First quarter 2022 results: EPS: NT$0.37 (down from NT$1.72 in 1Q 2021). Revenue: NT$1.12b (down 7.0% from 1Q 2021). Net income: NT$59.9m (down 78% from 1Q 2021). Profit margin: 5.4% (down from 23% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year whereas the company’s share price has increased by 69% per year.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). General Manager and Director Jingzai Zhang was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$7.02 (vs NT$5.62 in FY 2020)Full year 2021 results: EPS: NT$7.02 (up from NT$5.62 in FY 2020). Revenue: NT$5.52b (up 16% from FY 2020). Net income: NT$1.13b (up 25% from FY 2020). Profit margin: 21% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year whereas the company’s share price has increased by 76% per year.
공고 • Mar 23JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2022JSL Construction & Development Co., Ltd., Annual General Meeting, Jun 30, 2022.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 34% share price gain to NT$125, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 439% over the past three years.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.81 (vs NT$1.66 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.11b (down 31% from 3Q 2020). Net income: NT$130.8m (down 51% from 3Q 2020). Profit margin: 12% (down from 17% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Oct 19Inaugural dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 October 2021. Payment date: 30 November 2021. This is the first dividend for JSL Construction & Development since going public. The average dividend yield among industry peers is 4.5%.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.99 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.06b (up 33% from 2Q 2020). Net income: NT$48.4m (down 67% from 2Q 2020). Profit margin: 4.6% (down from 18% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$1.89 (vs NT$0.96 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.20b (up 49% from 1Q 2020). Net income: NT$276.8m (up 97% from 1Q 2020). Profit margin: 23% (up from 17% in 1Q 2020). The increase in margin was driven by higher revenue. 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 24% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$66.70, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 80% over the past three years.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$79.70, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Real Estate industry in Taiwan. Total returns to shareholders of 166% over the past three years.
Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$6.18 (vs NT$1.38 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.78b (up 115% from FY 2019). Net income: NT$906.1m (up 347% from FY 2019). Profit margin: 19% (up from 9.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
분석 기사 • Mar 29Is JSL Construction & Development (TPE:2540) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Feb 22JSL Construction & Development Co., Ltd. (TPE:2540) Delivered A Better ROE Than Its IndustryWhile some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
분석 기사 • Jan 18The JSL Construction & Development (TPE:2540) Share Price Is Up 183% And Shareholders Are Boasting About ItThe worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
분석 기사 • Dec 14Does JSL Construction & Development (TPE:2540) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Dec 14Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$69.00, the stock is trading at a trailing P/E ratio of 15.4x, down from the previous P/E ratio of 18.2x. This compares to an average P/E of 16x in the Real Estate industry in Taiwan. Total returns to shareholders over the past three years are 223%.
Valuation Update With 7 Day Price Move • Dec 07Market bids up stock over the past weekAfter last week's 19% share price gain to NT$81.50, the stock is trading at a trailing P/E ratio of 18.2x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 17x in the Real Estate industry in Taiwan. Total returns to shareholders over the past three years are 279%.
Is New 90 Day High Low • Dec 04New 90-day high: NT$75.70The company is up 50% from its price of NT$50.30 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.83The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.62b (up 200% from 3Q 2019). Net income: NT$267.8m (up NT$229.3m from 3Q 2019). Profit margin: 17% (up from 7.1% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.