Upcoming Dividend • Jun 10
Upcoming dividend of NT$1.55 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 15 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (4.3%). Reported Earnings • May 05
First quarter 2026 earnings released: EPS: NT$0.25 (vs NT$0.45 in 1Q 2025) First quarter 2026 results: EPS: NT$0.25 (down from NT$0.45 in 1Q 2025). Revenue: NT$8.71b (up 15% from 1Q 2025). Net income: NT$65.1m (down 44% from 1Q 2025). Profit margin: 0.7% (down from 1.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 13
Dividend reduced to NT$1.55 Dividend of NT$1.55 is 6.1% lower than last year. Ex-date: 17th June 2026 Payment date: 15th July 2026 Dividend yield will be 5.4%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (137% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: NT$1.72 (vs NT$1.85 in FY 2024) Full year 2025 results: EPS: NT$1.72 (down from NT$1.85 in FY 2024). Revenue: NT$33.1b (up 2.5% from FY 2024). Net income: NT$445.3m (down 6.9% from FY 2024). Profit margin: 1.3% (down from 1.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$0.29 (vs NT$0.43 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.29 (down from NT$0.43 in 3Q 2024). Revenue: NT$7.92b (up 1.4% from 3Q 2024). Net income: NT$74.7m (down 33% from 3Q 2024). Profit margin: 0.9% (down from 1.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.36 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.32 (down from NT$0.36 in 2Q 2024). Revenue: NT$7.30b (down 1.6% from 2Q 2024). Net income: NT$83.9m (down 11% from 2Q 2024). Profit margin: 1.1% (down from 1.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 18
Now 20% overvalued Over the last 90 days, the stock has fallen 4.3% to NT$29.80. The fair value is estimated to be NT$24.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 10%. Buy Or Sell Opportunity • Jul 02
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to NT$29.60. The fair value is estimated to be NT$24.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 10%. Upcoming Dividend • Jun 12
Upcoming dividend of NT$1.65 per share Eligible shareholders must have bought the stock before 19 June 2025. Payment date: 15 July 2025. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.5%). Buy Or Sell Opportunity • Jun 10
Now 21% overvalued Over the last 90 days, the stock has fallen 8.9% to NT$31.35. The fair value is estimated to be NT$26.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 10%. Reported Earnings • May 03
First quarter 2025 earnings released: EPS: NT$0.45 (vs NT$0.52 in 1Q 2024) First quarter 2025 results: EPS: NT$0.45 (down from NT$0.52 in 1Q 2024). Revenue: NT$7.57b (down 6.9% from 1Q 2024). Net income: NT$115.6m (down 14% from 1Q 2024). Profit margin: 1.5% (down from 1.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. 공고 • Apr 25
Senao International Co.,Ltd. to Report Q1, 2025 Results on May 02, 2025 Senao International Co.,Ltd. announced that they will report Q1, 2025 results on May 02, 2025 공고 • Mar 27
Senao International Co.,Ltd. Appoints Jheng-Sian Yu as Chairman Senao International Co.,Ltd. appointed Jheng-Sian Yu as Chairman of the company. Resume of the new position holder: Chairman of Senao International Co. Ltd. The board of directors approved the by-election of the chairman. Effective date of the new appointment: March 26, 2025. 공고 • Mar 18
Senao International Co.,Ltd. Announces Appointment of Yu, Jheng-Sian as Director Senao International Co.,Ltd. announced change in director of the company. Name of the new position holder: YU,JHENG-SIAN. Resume of the new position holder: Chairman of the Board of the Bagualiao Cultural and Educational Foundation. Effective date of the new appointment: March 17, 2025. Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: NT$1.85 (vs NT$2.73 in FY 2023) Full year 2024 results: EPS: NT$1.85 (down from NT$2.73 in FY 2023). Revenue: NT$32.3b (up 3.3% from FY 2023). Net income: NT$478.3m (down 32% from FY 2023). Profit margin: 1.5% (down from 2.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. 공고 • Feb 18
Senao International Co.,Ltd., Annual General Meeting, May 28, 2025 Senao International Co.,Ltd., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 6 floor no,533, chung cheng rd., sindian district, new taipei city Taiwan Declared Dividend • Feb 16
Dividend of NT$1.65 announced Shareholders will receive a dividend of NT$1.65. Ex-date: 19th June 2025 Payment date: 15th July 2025 Dividend yield will be 4.9%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control, which is more than the 1.4% EPS growth achieved over the last 5 years. 공고 • Feb 15
Senao International Co.,Ltd. Announces Cash Dividend Senao International Co.,Ltd. announced Cash dividend of TWD 426,116,884. Ex-rights (ex-dividend) trading date is June 19, 2025. Ex-rights (ex-dividend) record date is June 26, 2025. 공고 • Feb 13
Senao International Co.,Ltd. to Report Q4, 2024 Results on Feb 14, 2025 Senao International Co.,Ltd. announced that they will report Q4, 2024 results on Feb 14, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: NT$0.43 (vs NT$0.82 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.43 (down from NT$0.82 in 3Q 2023). Revenue: NT$7.81b (up 2.3% from 3Q 2023). Net income: NT$110.8m (down 48% from 3Q 2023). Profit margin: 1.4% (down from 2.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. 공고 • Oct 25
Senao International Co.,Ltd. to Report Q3, 2024 Results on Nov 01, 2024 Senao International Co.,Ltd. announced that they will report Q3, 2024 results on Nov 01, 2024 공고 • Oct 02
Senao International Co., Ltd. Announces Resignation of Chairman and Director, Rong-Shy Lin On October 1, 2024, Senao International Co. Ltd. announced a change in its board of directors. Rong-Shy Lin, who held the position of Chairman and Director, resigned from his role. The original term for Rong-Shy Lin was from June 15, 2022, to June 14, 2025. Name of legal person: Chunghwa Telecom Co. Ltd. Senao International Co.,Ltd. Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: NT$0.37 (vs NT$0.66 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.37 (down from NT$0.66 in 2Q 2023). Revenue: NT$7.42b (up 5.1% from 2Q 2023). Net income: NT$93.9m (down 45% from 2Q 2023). Profit margin: 1.3% (down from 2.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. 공고 • Jul 26
Senao International Co.,Ltd. to Report Q2, 2024 Results on Aug 02, 2024 Senao International Co.,Ltd. announced that they will report Q2, 2024 results on Aug 02, 2024 Upcoming Dividend • Jun 13
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 17 July 2024. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (3.3%). Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: NT$0.52 (vs NT$0.76 in 1Q 2023) First quarter 2024 results: EPS: NT$0.52 (down from NT$0.76 in 1Q 2023). Revenue: NT$8.13b (flat on 1Q 2023). Net income: NT$135.1m (down 31% from 1Q 2023). Profit margin: 1.7% (down from 2.4% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Mar 09
Full year 2023 earnings released: EPS: NT$2.73 (vs NT$2.55 in FY 2022) Full year 2023 results: EPS: NT$2.73 (up from NT$2.55 in FY 2022). Revenue: NT$31.3b (flat on FY 2022). Net income: NT$705.7m (up 7.2% from FY 2022). Profit margin: 2.3% (up from 2.1% in FY 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. 공고 • Feb 20
Senao International Co.,Ltd., Annual General Meeting, May 20, 2024 Senao International Co.,Ltd., Annual General Meeting, May 20, 2024. Location: 6F., No. 533, Zhongzheng Rd., Xindian Dist.,New Taipei City, Taiwan (R.O.C.) New Taipei Taiwan Agenda: To approve the Company's 2023 business report; to approve 2023 audit committee's audit report concerning the Company's financial statements; to approve the Report on 2023 remuneration allocation for dividends and bonuses of shareholders; to Report on 2023 remuneration allocation for directors and employees; to approve Cause for convening the meeting; and to discuss other matters. Declared Dividend • Feb 18
Dividend of NT$2.00 announced Shareholders will receive a dividend of NT$2.00. Ex-date: 20th June 2024 Payment date: 17th July 2024 Dividend yield will be 5.2%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 9.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공고 • Feb 17
Senao International Co.,Ltd. Announces Cash Dividend, Payable on July 17, 2024 Senao International Co.,Ltd. announced Board of Directors Meeting Resolutions on February 16, 2024 of cash dividend of TWD 516,505,314. Payment date of common stock cash dividend distribution is July 17, 2024. Ex-rights (ex-dividend) trading date is June 20, 2024. Last date before book closure is June 21, 2024. Book closure starting date is June 22, 2024. Book closure ending date is June 26, 2024. Ex-rights (ex-dividend) record date is June 26, 2024. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: NT$0.82 (vs NT$0.78 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.82 (up from NT$0.78 in 3Q 2022). Revenue: NT$7.64b (flat on 3Q 2022). Net income: NT$212.7m (up 6.1% from 3Q 2022). Profit margin: 2.8% (up from 2.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. 공고 • Sep 12
Senao International Co.,Ltd. Announces Executive Changes Senao International Co.,Ltd. announced executive changes. Name of the previous position holder: Chien-Chih Chen. Resume of the previous position holder: Senao International Co. Ltd. Director. Name of the new position holder: Min-Hung Tsai. Resume of the new position holder: Chunghwa Telecom Co. Ltd. Consumer Business Group VP. 공고 • Aug 12
Senao International Co.,Ltd. Appoints Rong-Shy Lin as Chairman Senao International Co.,Ltd. announced that the change of the chairman of the company. Name of the new position holder: Rong-Shy Lin. Resume of the new position holder: Chairman of Senao International Co. Ltd. Effective date of the new appointment is August 11, 2023. 공고 • Aug 11
Senao International Co.,Ltd. Appoints Rong-Shy Lin as Director Senao International Co.,Ltd. announced the appointment of Rong-Shy Lin as Director of the company. Resume of the new position holder: Chunghwa Telecom Co. Ltd. SEVP. Effective date of the new appointment is August 10, 2023. Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: NT$0.66 (vs NT$0.43 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.66 (up from NT$0.43 in 2Q 2022). Revenue: NT$7.06b (up 1.2% from 2Q 2022). Net income: NT$169.4m (up 54% from 2Q 2022). Profit margin: 2.4% (up from 1.6% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. 공고 • Aug 05
Senao International Co.,Ltd. Announces CFO Changes, Effective on August 18, 2023 Senao International Co.,Ltd. announced the resignation of JIAN-QI LIAO as CFO. The company announced the appointment of MIAO-LING CHEN as CFO, effective August 18, 2023. MIAO-LING CHEN is Director of Accounting Department of INTERNATIONAL BUSINESS GROUP, CHUNGHWA TELECOM CO., LTD. The effective date is August 18, 2023. 공고 • Jul 17
Senao International Co.,Ltd. Announces the Resignation of Hong-Huei Cheng as Chairman Senao International Co.,Ltd. announced the resignation of Hong-Huei Cheng as Chairman. Date of occurrence of the change is July 15, 2023. Upcoming Dividend • Jun 13
Upcoming dividend of NT$2.20 per share at 6.0% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 14 July 2023. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (1.0%). 공고 • May 31
Senao International Co.,Ltd. Announces Chairman Changes The board of directors of Senao International Co.,Ltd. approved the by-election of Hong-Huei Cheng as chairman in place of Jung-Tzu Lin. Effective date of the new appointment id May 30, 2023. 공고 • May 18
Senao International Co.,Ltd. Announces Change of Representative of Juristic Person Director, Effective May 30, 2023 Senao International Co.,Ltd. announced appointment of Hong-Huei Cheng, Political adviser of Executive Yuan as Representative of Juristic Person Director in place of Jung-Tzu Lin, Chairman and director of Senao International Co. Ltd. Effective date of the new appointment is May 30, 2023. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: NT$2.55 (vs NT$2.31 in FY 2021) Full year 2022 results: EPS: NT$2.55 (up from NT$2.31 in FY 2021). Revenue: NT$31.2b (flat on FY 2021). Net income: NT$658.0m (up 10% from FY 2021). Profit margin: 2.1% (up from 1.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Wen-Tsan Wu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$0.78 (vs NT$0.61 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.78 (up from NT$0.61 in 3Q 2021). Revenue: NT$7.62b (up 3.5% from 3Q 2021). Net income: NT$200.5m (up 27% from 3Q 2021). Profit margin: 2.6% (up from 2.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: NT$0.43 (vs NT$0.42 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.43 (up from NT$0.42 in 2Q 2021). Revenue: NT$6.97b (up 5.4% from 2Q 2021). Net income: NT$110.1m (up 1.6% from 2Q 2021). Profit margin: 1.6% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 공고 • Jul 30
Senao International Co.,Ltd. Appoints Min-Ching Cheng and Ai-Chun Pang to Compensation Committee Senao International Co.,Ltd. announced the adding two members of the Compensation Committee. Name of the new position holder: Min-Ching Cheng Independent Director and Ai-Chun Pang Independent Director. Resume of the new position holder: Min-Ching Cheng/Senao International Co. Ltd. Independent Director; Ai-Chun Pang/Senao International Co. Ltd. Independent Director. Effective date of the new member is July 29, 2022. Upcoming Dividend • Jun 16
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 15 July 2022. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.9%). Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: NT$0.70 (vs NT$0.60 in 1Q 2021) First quarter 2022 results: EPS: NT$0.70 (up from NT$0.60 in 1Q 2021). Revenue: NT$8.07b (up 7.0% from 1Q 2021). Net income: NT$181.5m (up 18% from 1Q 2021). Profit margin: 2.2% (up from 2.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Yung-Lin Su was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Feb 21
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$2.31 (up from NT$1.69 in FY 2020). Revenue: NT$31.0b (up 15% from FY 2020). Net income: NT$596.9m (up 37% from FY 2020). Profit margin: 1.9% (up from 1.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공고 • Feb 19
Senao International Co., Ltd., Annual General Meeting, Jun 15, 2022 Senao International Co., Ltd., Annual General Meeting, Jun 15, 2022. Location: No.500, Fuxing 3rd Rd., Guishan Dist Taoyuan City Taiwan Agenda: To consider and approve the company's 2021 business report; report on 2021 remuneration allocation for directors and employees; ratification of 2021 business report and financial statements; election of the board of directors; and to discuss other matters. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.61 (vs NT$0.51 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$7.37b (up 9.1% from 3Q 2020). Net income: NT$157.8m (up 19% from 3Q 2020). Profit margin: 2.1% (up from 2.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS NT$0.42 (vs NT$0.24 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$6.62b (up 12% from 2Q 2020). Net income: NT$108.4m (up 75% from 2Q 2020). Profit margin: 1.6% (up from 1.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 16
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 23 June 2021. Payment date: 15 July 2021. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.3%). Executive Departure • May 04
Chief Financial Officer has left the company On the 1st of May, Cing-Shou Lin's tenure as Chief Financial Officer ended after 3.8 years in the role. We don't have any record of a personal shareholding under Cing-Shou's name. A total of 4 executives have left over the last 12 months. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS NT$0.60 (vs NT$0.35 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$7.54b (up 12% from 1Q 2020). Net income: NT$154.0m (up 71% from 1Q 2020). Profit margin: 2.0% (up from 1.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year. 공고 • Feb 20
Senao International Co., Ltd., Annual General Meeting, Jun 21, 2021 Senao International Co., Ltd., Annual General Meeting, Jun 21, 2021. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS NT$1.69 (vs NT$1.59 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$27.0b (down 6.4% from FY 2019). Net income: NT$436.9m (up 6.2% from FY 2019). Profit margin: 1.6% (up from 1.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 20% share price gain to NT$35.50, the stock is trading at a trailing P/E ratio of 23.5x, up from the previous P/E ratio of 19.5x. This compares to an average P/E of 18x in the Specialty Retail industry in Taiwan. Total return to shareholders over the past three years is a loss of 18%. Is New 90 Day High Low • Dec 30
New 90-day high: NT$33.10 The company is up 15% from its price of NT$28.85 on 30 September 2020. The Taiwanese market is also up 15% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Specialty Retail industry, which is down 1.0% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: NT$29.60 The company is up 2.0% from its price of NT$29.05 on 28 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 9.0% over the same period. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS NT$0.51 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$6.75b (down 5.3% from 3Q 2019). Net income: NT$132.3m (down 23% from 3Q 2019). Profit margin: 2.0% (down from 2.4% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.