View ValuationH.H.Galaxy 향후 성장Future 기준 점검 0/6H.H.Galaxy의 수익이 증가할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률Multiline Retail 이익 성장28.7%매출 성장률16.2%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트20 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.74 (vs NT$0.86 in 1Q 2025)First quarter 2026 results: EPS: NT$0.74 (down from NT$0.86 in 1Q 2025). Revenue: NT$1.41b (up 18% from 1Q 2025). Net income: NT$22.5m (down 14% from 1Q 2025). Profit margin: 1.6% (down from 2.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year.New Risk • May 19New major risk - Revenue and earnings growthEarnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.87b market cap, or US$59.1m).Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$61.20, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 15x in the Multiline Retail industry in Taiwan. Total loss to shareholders of 41% over the past three years.New Risk • May 04New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks 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$1.66b market cap, or US$52.6m).Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$3.63 (vs NT$2.76 in FY 2024)Full year 2025 results: EPS: NT$3.63 (up from NT$2.76 in FY 2024). Revenue: NT$5.73b (up 21% from FY 2024). Net income: NT$109.4m (up 29% from FY 2024). Profit margin: 1.9% (up from 1.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.공시 • Mar 11H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 17, 2026H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: 6 floor no,45, tung hsing rd., sinyi district, taipei city TaiwanBoard Change • Mar 02Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Weichu Xu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.51 (vs NT$0.11 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.51 (up from NT$0.11 in 3Q 2024). Revenue: NT$1.32b (up 24% from 3Q 2024). Net income: NT$15.4m (up 367% from 3Q 2024). Profit margin: 1.2% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.88 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.02 (up from NT$0.88 in 2Q 2024). Revenue: NT$1.37b (up 24% from 2Q 2024). Net income: NT$25.3m (up 13% from 2Q 2024). Profit margin: 1.8% (down from 2.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia.Upcoming Dividend • Jun 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.6%).Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$1.04 (vs NT$0.89 in 1Q 2024)First quarter 2025 results: EPS: NT$1.04 (up from NT$0.89 in 1Q 2024). Revenue: NT$1.20b (up 20% from 1Q 2024). Net income: NT$26.0m (up 15% from 1Q 2024). Profit margin: 2.2% (down from 2.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia.Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$87.00, the stock trades at a trailing P/E ratio of 25.5x. Average forward P/E is 13x in the Specialty Retail industry in Taiwan. Total loss to shareholders of 10% over the past year.Reported Earnings • Apr 02Full year 2024 earnings released: EPS: NT$3.34 (vs NT$5.99 in FY 2023)Full year 2024 results: EPS: NT$3.34 (down from NT$5.99 in FY 2023). Revenue: NT$4.73b (up 9.0% from FY 2023). Net income: NT$84.8m (down 39% from FY 2023). Profit margin: 1.8% (down from 3.2% in FY 2023). The decrease in margin was driven by higher expenses.공시 • Mar 12H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 19, 2025H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: 6 floor no,99, fu hsing n. rd., songshan district, taipei city TaiwanNew Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (NT$2.09b market cap, or US$63.7m).Board Change • Feb 03Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Weichu Xu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.13 (vs NT$1.10 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.13 (down from NT$1.10 in 3Q 2023). Revenue: NT$1.06b (up 2.2% from 3Q 2023). Net income: NT$3.29m (down 87% from 3Q 2023). Profit margin: 0.3% (down from 2.4% in 3Q 2023). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$94.00, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 26x in the Specialty Retail industry in Taiwan. Total loss to shareholders of 24% over the past year.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.92 (vs NT$1.43 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.92 (down from NT$1.43 in 2Q 2023). Revenue: NT$1.11b (up 8.0% from 2Q 2023). Net income: NT$22.4m (down 29% from 2Q 2023). Profit margin: 2.0% (down from 3.1% in 2Q 2023). The decrease in margin was driven by higher expenses.Upcoming Dividend • Jul 16Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 23 July 2024. Payment date: 16 August 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.3%).Reported Earnings • May 17First quarter 2024 earnings released: EPS: NT$0.94 (vs NT$1.52 in 1Q 2023)First quarter 2024 results: EPS: NT$0.94 (down from NT$1.52 in 1Q 2023). Revenue: NT$995.1m (up 4.8% from 1Q 2023). Net income: NT$22.6m (down 32% from 1Q 2023). Profit margin: 2.3% (down from 3.5% in 1Q 2023). The decrease in margin was driven by higher expenses.공시 • Apr 12H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 26, 2024H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 26, 2024.New Risk • Apr 03New 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: 2.3% 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 High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (NT$2.66b market cap, or US$83.1m).Reported Earnings • Mar 30Full year 2023 earnings released: EPS: NT$6.29 (vs NT$6.37 in FY 2022)Full year 2023 results: EPS: NT$6.29. Revenue: NT$4.34b (up 7.1% from FY 2022). Net income: NT$139.2m (up 8.4% from FY 2022). Profit margin: 3.2% (in line with FY 2022).Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$120, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 28x in the Specialty Retail industry in Taiwan. Total returns to shareholders of 25% over the past year.New Risk • Jan 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% 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 Share price has been highly volatile over the past 3 months (9.4% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risks Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (NT$2.59b market cap, or US$82.7m).Valuation Update With 7 Day Price Move • Dec 23Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$129, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 28x in the Specialty Retail industry in Taiwan. Total returns to shareholders of 18% over the past year.New Risk • Nov 20New 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 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (NT$3.14b market cap, or US$99.2m).New Risk • Jul 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (6.8% average weekly change).이익 및 매출 성장 예측TPEX:2949 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20277,895N/AN/A18112/31/20266,793N/AN/A-12913/31/20265,943106-62-56N/A12/31/20255,7281098393N/A9/30/20255,4481033845N/A6/30/20255,19391-69-61N/A3/31/20254,93188-36N/A12/31/20244,73185-93-85N/A9/30/20244,49197-136-127N/A6/30/20244,468119-36-27N/A3/31/20244,414128-63-56N/A12/31/20234,340139-66-62N/A9/30/20234,344152-11-8N/A6/30/20234,2541392830N/A3/31/20234,1521345457N/A12/31/20224,0521281925N/A9/30/20223,47889-193-184N/A6/30/20223,274101-94-83N/A3/31/20222,88487-62-51N/A12/31/20212,62974-31-22N/A12/31/20202,115281825N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2949 의 예상 수익 증가율이 절약률(1.3%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: 2949 의 수익이 TW 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: 2949 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: 2949 의 수익(연간 16.2%)이 TW 시장(연간 19.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 2949 의 수익(연간 16.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2949의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 04:43종가2026/05/26 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 소스H.H.Galaxy Co., Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullCapital Securities CorporationZhaoxiang YenCapital Securities Corporation
Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.74 (vs NT$0.86 in 1Q 2025)First quarter 2026 results: EPS: NT$0.74 (down from NT$0.86 in 1Q 2025). Revenue: NT$1.41b (up 18% from 1Q 2025). Net income: NT$22.5m (down 14% from 1Q 2025). Profit margin: 1.6% (down from 2.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year.
New Risk • May 19New major risk - Revenue and earnings growthEarnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.87b market cap, or US$59.1m).
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$61.20, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 15x in the Multiline Retail industry in Taiwan. Total loss to shareholders of 41% over the past three years.
New Risk • May 04New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks 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$1.66b market cap, or US$52.6m).
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$3.63 (vs NT$2.76 in FY 2024)Full year 2025 results: EPS: NT$3.63 (up from NT$2.76 in FY 2024). Revenue: NT$5.73b (up 21% from FY 2024). Net income: NT$109.4m (up 29% from FY 2024). Profit margin: 1.9% (up from 1.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
공시 • Mar 11H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 17, 2026H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: 6 floor no,45, tung hsing rd., sinyi district, taipei city Taiwan
Board Change • Mar 02Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Weichu Xu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.51 (vs NT$0.11 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.51 (up from NT$0.11 in 3Q 2024). Revenue: NT$1.32b (up 24% from 3Q 2024). Net income: NT$15.4m (up 367% from 3Q 2024). Profit margin: 1.2% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.88 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.02 (up from NT$0.88 in 2Q 2024). Revenue: NT$1.37b (up 24% from 2Q 2024). Net income: NT$25.3m (up 13% from 2Q 2024). Profit margin: 1.8% (down from 2.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia.
Upcoming Dividend • Jun 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.6%).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$1.04 (vs NT$0.89 in 1Q 2024)First quarter 2025 results: EPS: NT$1.04 (up from NT$0.89 in 1Q 2024). Revenue: NT$1.20b (up 20% from 1Q 2024). Net income: NT$26.0m (up 15% from 1Q 2024). Profit margin: 2.2% (down from 2.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia.
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$87.00, the stock trades at a trailing P/E ratio of 25.5x. Average forward P/E is 13x in the Specialty Retail industry in Taiwan. Total loss to shareholders of 10% over the past year.
Reported Earnings • Apr 02Full year 2024 earnings released: EPS: NT$3.34 (vs NT$5.99 in FY 2023)Full year 2024 results: EPS: NT$3.34 (down from NT$5.99 in FY 2023). Revenue: NT$4.73b (up 9.0% from FY 2023). Net income: NT$84.8m (down 39% from FY 2023). Profit margin: 1.8% (down from 3.2% in FY 2023). The decrease in margin was driven by higher expenses.
공시 • Mar 12H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 19, 2025H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: 6 floor no,99, fu hsing n. rd., songshan district, taipei city Taiwan
New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (NT$2.09b market cap, or US$63.7m).
Board Change • Feb 03Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Weichu Xu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.13 (vs NT$1.10 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.13 (down from NT$1.10 in 3Q 2023). Revenue: NT$1.06b (up 2.2% from 3Q 2023). Net income: NT$3.29m (down 87% from 3Q 2023). Profit margin: 0.3% (down from 2.4% in 3Q 2023). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$94.00, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 26x in the Specialty Retail industry in Taiwan. Total loss to shareholders of 24% over the past year.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.92 (vs NT$1.43 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.92 (down from NT$1.43 in 2Q 2023). Revenue: NT$1.11b (up 8.0% from 2Q 2023). Net income: NT$22.4m (down 29% from 2Q 2023). Profit margin: 2.0% (down from 3.1% in 2Q 2023). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Jul 16Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 23 July 2024. Payment date: 16 August 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.3%).
Reported Earnings • May 17First quarter 2024 earnings released: EPS: NT$0.94 (vs NT$1.52 in 1Q 2023)First quarter 2024 results: EPS: NT$0.94 (down from NT$1.52 in 1Q 2023). Revenue: NT$995.1m (up 4.8% from 1Q 2023). Net income: NT$22.6m (down 32% from 1Q 2023). Profit margin: 2.3% (down from 3.5% in 1Q 2023). The decrease in margin was driven by higher expenses.
공시 • Apr 12H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 26, 2024H.H.Galaxy Co., Ltd., Annual General Meeting, Jun 26, 2024.
New Risk • Apr 03New 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: 2.3% 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 High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (NT$2.66b market cap, or US$83.1m).
Reported Earnings • Mar 30Full year 2023 earnings released: EPS: NT$6.29 (vs NT$6.37 in FY 2022)Full year 2023 results: EPS: NT$6.29. Revenue: NT$4.34b (up 7.1% from FY 2022). Net income: NT$139.2m (up 8.4% from FY 2022). Profit margin: 3.2% (in line with FY 2022).
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$120, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 28x in the Specialty Retail industry in Taiwan. Total returns to shareholders of 25% over the past year.
New Risk • Jan 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% 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 Share price has been highly volatile over the past 3 months (9.4% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risks Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (NT$2.59b market cap, or US$82.7m).
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$129, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 28x in the Specialty Retail industry in Taiwan. Total returns to shareholders of 18% over the past year.
New Risk • Nov 20New 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 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (NT$3.14b market cap, or US$99.2m).
New Risk • Jul 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (6.8% average weekly change).