Tidehold Development (9902) 주식 개요타이드홀드 개발 유한회사는 대만 및 전 세계에서 국제 무역 사업을 영위하고 있습니다. 자세히 보기9902 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적0/6재무 건전성6/6배당3/6강점공정 가치 추정치보다 낮은 93.8% 에서 거래위험 분석지난 5년간 매년 수익이 28.4% 감소했습니다.2.19% 의 배당금은 수익으로 잘 충당되지 않습니다.의미 있는 시가총액이 없습니다(NT$1B)모든 위험 점검 보기9902 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$13.701.1k% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-39m412m2016201920222025202620282031Revenue NT$223.9mEarnings NT$9.4mAdvancedSet Fair ValueView all narrativesTidehold Development Co., Ltd. 경쟁사GsevenSymbol: TPEX:2937Market cap: NT$2.0bDacome InternationalSymbol: TPEX:9960Market cap: NT$1.0bMikobeaute InternationalSymbol: TPEX:6574Market cap: NT$2.6bCollinsSymbol: TWSE:2906Market cap: NT$2.7b가격 이력 및 성과Tidehold Development 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가NT$13.7052주 최고가NT$23.6552주 최저가NT$13.70베타0.641개월 변동-8.36%3개월 변동-18.93%1년 변동-15.43%3년 변동11.38%5년 변동7.03%IPO 이후 변동-88.00%최근 뉴스 및 업데이트Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: NT$22.7m (down 64% from 1Q 2025). Net income: NT$16.9m (up NT$20.0m from 1Q 2025). Profit margin: 75% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.공시 • Mar 09Tidehold Development Co., Ltd., Annual General Meeting, Jun 23, 2026Tidehold Development Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,2, hsu chou rd., jhongjheng district, taipei city TaiwanReported Earnings • Mar 09Full year 2025 earnings released: NT$0.47 loss per share (vs NT$0.58 profit in FY 2024)Full year 2025 results: NT$0.47 loss per share (down from NT$0.58 profit in FY 2024). Revenue: NT$378.5m (up 56% from FY 2024). Net loss: NT$46.0m (down 181% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.New Risk • Feb 02New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Dividend per share is over 8x earnings per share. Dividend yield: 1.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 8x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.67b market cap, or US$52.8m).Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.075 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.17 (up from NT$0.075 in 3Q 2024). Revenue: NT$20.9m (up 148% from 3Q 2024). Net income: NT$16.8m (up 129% from 3Q 2024). Profit margin: 80% (down from 87% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.New Risk • Nov 08New 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 6.7% 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 Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$1.75b market cap, or US$56.3m).더 많은 업데이트 보기Recent updatesReported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: NT$22.7m (down 64% from 1Q 2025). Net income: NT$16.9m (up NT$20.0m from 1Q 2025). Profit margin: 75% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.공시 • Mar 09Tidehold Development Co., Ltd., Annual General Meeting, Jun 23, 2026Tidehold Development Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,2, hsu chou rd., jhongjheng district, taipei city TaiwanReported Earnings • Mar 09Full year 2025 earnings released: NT$0.47 loss per share (vs NT$0.58 profit in FY 2024)Full year 2025 results: NT$0.47 loss per share (down from NT$0.58 profit in FY 2024). Revenue: NT$378.5m (up 56% from FY 2024). Net loss: NT$46.0m (down 181% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.New Risk • Feb 02New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Dividend per share is over 8x earnings per share. Dividend yield: 1.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 8x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.67b market cap, or US$52.8m).Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.075 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.17 (up from NT$0.075 in 3Q 2024). Revenue: NT$20.9m (up 148% from 3Q 2024). Net income: NT$16.8m (up 129% from 3Q 2024). Profit margin: 80% (down from 87% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.New Risk • Nov 08New 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 6.7% 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 Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$1.75b market cap, or US$56.3m).New Risk • Sep 01New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 1.9% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (NT$1.57b market cap, or US$51.2m).Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.01 loss per share (vs NT$0.22 profit in 2Q 2024)Second quarter 2025 results: NT$0.01 loss per share (down from NT$0.22 profit in 2Q 2024). Revenue: NT$49.9m (up 139% from 2Q 2024). Net loss: NT$473.0k (down 102% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jun 26Dividend of NT$0.30 announcedDividend of NT$0.30 is the same as last year. Ex-date: 9th July 2025 Payment date: 1st August 2025 Dividend yield will be 1.6%, which is lower than the industry average of 5.2%. Sustainability & Growth Dividend is not covered by earnings (184% earnings payout ratio) nor is it covered by cash flows (129% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 105% to bring the payout ratio under control. However, EPS has declined by 5.2% over the last 5 years so the company would need to reverse this trend.New Risk • May 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 8.8% 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 Earnings have declined by 3.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.9% net profit margin). Market cap is less than US$100m (NT$1.71b market cap, or US$56.7m).Reported Earnings • May 19First quarter 2025 earnings released: NT$0.03 loss per share (vs NT$0.39 profit in 1Q 2024)First quarter 2025 results: NT$0.03 loss per share (down from NT$0.39 profit in 1Q 2024). Revenue: NT$63.2m (down 56% from 1Q 2024). Net loss: NT$3.12m (down 108% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$15.75, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 13x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 47% over the past three years.공시 • May 01Tidehold Development Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Tidehold Development Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$11.95, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 12x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 6.2% over the past three years.New Risk • Apr 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 118% 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 Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.44b market cap, or US$43.4m).Reported Earnings • Mar 27Full year 2024 earnings released: EPS: NT$0.58 (vs NT$0.32 in FY 2023)Full year 2024 results: EPS: NT$0.58 (up from NT$0.32 in FY 2023). Revenue: NT$241.9m (down 17% from FY 2023). Net income: NT$56.9m (up 81% from FY 2023). Profit margin: 24% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Mar 11Tidehold Development Co., Ltd., Annual General Meeting, Jun 24, 2025Tidehold Development Co., Ltd., Annual General Meeting, Jun 24, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,2, hsu chou rd., jhongjheng district, taipei city Taiwan공시 • Mar 01Tidehold Development Co., Ltd. to Report Q4, 2024 Results on Mar 07, 2025Tidehold Development Co., Ltd. announced that they will report Q4, 2024 results on Mar 07, 2025분석 기사 • Nov 21Tidehold Development's (TWSE:9902) Promising Earnings May Rest On Soft FoundationsTidehold Development Co., Ltd. ( TWSE:9902 ) announced strong profits, but the stock was stagnant. Our analysis...Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.009 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.07 (up from NT$0.009 in 3Q 2023). Revenue: NT$8.43m (down 78% from 3Q 2023). Net income: NT$7.35m (up NT$6.48m from 3Q 2023). Profit margin: 87% (up from 2.3% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.New Risk • Oct 17New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 163% Dividend yield: 1.7% 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 Earnings have declined by 7.7% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (163% cash payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.73b market cap, or US$53.6m).Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: NT$10.22 (vs NT$0.074 in 2Q 2023)Second quarter 2024 results: EPS: NT$10.22 (up from NT$0.074 in 2Q 2023). Revenue: NT$20.9m (down 21% from 2Q 2023). Net income: NT$21.4m (up 196% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$23.10, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 15x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 102% over the past three years.공시 • Jul 31Tidehold Development Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Tidehold Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024분석 기사 • Jul 16There's Reason For Concern Over Tidehold Development Co., Ltd.'s (TWSE:9902) Massive 25% Price JumpDespite an already strong run, Tidehold Development Co., Ltd. ( TWSE:9902 ) shares have been powering on, with a gain...Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$19.40, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 14x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 71% over the past three years.Upcoming Dividend • Jun 25Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 02 July 2024. Payment date: 01 August 2024. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.5%).분석 기사 • May 21There May Be Underlying Issues With The Quality Of Tidehold Development's (TWSE:9902) EarningsTidehold Development Co., Ltd.'s ( TWSE:9902 ) robust earnings report didn't manage to move the market for its stock...Reported Earnings • May 11First quarter 2024 earnings released: EPS: NT$0.38 (vs NT$0.12 in 1Q 2023)First quarter 2024 results: EPS: NT$0.38 (up from NT$0.12 in 1Q 2023). Revenue: NT$142.9m (up 272% from 1Q 2023). Net income: NT$37.8m (up 221% from 1Q 2023). Profit margin: 26% (down from 31% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.New Risk • May 01New 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 8.8% 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 Share price has been highly volatile over the past 3 months (8.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.62b market cap, or US$49.7m).공시 • Apr 27Tidehold Development Co., Ltd. to Report Q1, 2024 Results on May 02, 2024Tidehold Development Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 02, 2024Valuation Update With 7 Day Price Move • Apr 22Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$17.70, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 13x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 41% over the past three years.New Risk • Mar 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 94% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.54b market cap, or US$48.4m).Reported Earnings • Mar 14Full year 2023 earnings released: EPS: NT$0.32 (vs NT$0.50 loss in FY 2022)Full year 2023 results: EPS: NT$0.32 (up from NT$0.50 loss in FY 2022). Revenue: NT$291.9m (up 70% from FY 2022). Net income: NT$31.4m (up NT$80.2m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.공시 • Mar 09Tidehold Development Co., Ltd., Annual General Meeting, Jun 14, 2024Tidehold Development Co., Ltd., Annual General Meeting, Jun 14, 2024. Location: The Taipei Hero House (Triumph Hall at 7F,No.20,Sec. 1, Taipei City Taiwan Agenda: To consider the fiscal year of 2023 Annual Operating Report; to consider audit Committee's Review Report for the fiscal year of 2023; to report on the payment of employee compensation and director remuneration of 2023; to consider the fiscal year of 2023 Appropriation of profits and losses; and to transact other business.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$15.60, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 20x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 47% over the past three years.Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$0.01 (vs NT$0.064 loss in 3Q 2022)Third quarter 2023 results: EPS: NT$0.01 (up from NT$0.064 loss in 3Q 2022). Revenue: NT$38.4m (up 81% from 3Q 2022). Net income: NT$869.0k (up NT$7.19m from 3Q 2022). Profit margin: 2.3% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.07 (vs NT$0.46 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.07 (up from NT$0.46 loss in 2Q 2022). Revenue: NT$26.4m (down 24% from 2Q 2022). Net income: NT$7.23m (up NT$52.2m from 2Q 2022). Profit margin: 27% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Mar 30Full year 2022 earnings released: NT$0.50 loss per share (vs NT$1.15 profit in FY 2021)Full year 2022 results: NT$0.50 loss per share (down from NT$1.15 profit in FY 2021). Revenue: NT$171.6m (down 60% from FY 2021). Net loss: NT$48.8m (down 143% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.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. No experienced directors. 7 highly experienced directors. No independent directors (5 non-independent directors). President and Director Fu Xing Wu was the last director to join the board, commencing their role in 2011. 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 06Third quarter 2022 earnings released: NT$0.06 loss per share (vs NT$0.084 profit in 3Q 2021)Third quarter 2022 results: NT$0.06 loss per share (down from NT$0.084 profit in 3Q 2021). Revenue: NT$21.2m (down 53% from 3Q 2021). Net loss: NT$6.32m (down 176% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year.Reported Earnings • Aug 07Second quarter 2022 earnings released: NT$0.46 loss per share (vs NT$0.94 profit in 2Q 2021)Second quarter 2022 results: NT$0.46 loss per share (down from NT$0.94 profit in 2Q 2021). Revenue: NT$34.7m (down 76% from 2Q 2021). Net loss: NT$44.9m (down 149% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 05Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (4.8%).Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.02 (vs NT$0.051 in 1Q 2021)First quarter 2022 results: EPS: NT$0.02 (down from NT$0.051 in 1Q 2021). Revenue: NT$14.6m (down 76% from 1Q 2021). Net income: NT$1.47m (down 71% from 1Q 2021). Profit margin: 10% (up from 8.2% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.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. No experienced directors. 7 highly experienced directors. No independent directors (5 non-independent directors). President and Director Fu Xing Wu was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.공시 • Mar 23Tidehold Development Co., Ltd., Annual General Meeting, Jun 24, 2022Tidehold Development Co., Ltd., Annual General Meeting, Jun 24, 2022.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.08 (vs NT$0.02 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$45.2m (down 31% from 3Q 2020). Net income: NT$8.28m (up 324% from 3Q 2020). Profit margin: 18% (up from 3.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 16Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 17 September 2021. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.0%).Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.94 (vs NT$0.17 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$146.4m (up 35% from 2Q 2020). Net income: NT$92.1m (up 443% from 2Q 2020). Profit margin: 63% (up from 16% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$11.70, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 16x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 29% over the past three years.Reported Earnings • May 09First quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.053 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: NT$60.8m (down 25% from 1Q 2020). Net income: NT$5.00m (down 4.0% from 1Q 2020). Profit margin: 8.2% (up from 6.4% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$13.50, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 16x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 48% over the past three years.Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$0.33 (vs NT$0.32 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: NT$432.1m (up 64% from FY 2019). Net income: NT$32.3m (up 2.0% from FY 2019). Profit margin: 7.5% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.분석 기사 • Feb 25Should Tidehold Development Co., Ltd. (TPE:9902) Be Part Of Your Income Portfolio?Today we'll take a closer look at Tidehold Development Co., Ltd. ( TPE:9902 ) from a dividend investor's perspective...Is New 90 Day High Low • Jan 11New 90-day high: NT$12.20The company is up 24% from its price of NT$9.86 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 7.0% over the same period.Is New 90 Day High Low • Dec 21New 90-day high: NT$11.05The company is up 11% from its price of NT$9.99 on 22 September 2020. The Taiwanese market is also up 11% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Retail Distributors industry, which is up 6.0% over the same period.분석 기사 • Dec 17Estimating The Intrinsic Value Of Tidehold Development Co., Ltd. (TPE:9902)Does the December share price for Tidehold Development Co., Ltd. ( TPE:9902 ) reflect what it's really worth? Today, we...Is New 90 Day High Low • Nov 30New 90-day high: NT$11.00The company is up 10.0% from its price of NT$9.97 on 01 September 2020. The Taiwanese market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Retail Distributors industry, which is up 9.0% over the same period.Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$0.02The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$65.4m (up 54% from 3Q 2019). Net income: NT$1.95m (down 79% from 3Q 2019). Profit margin: 3.0% (down from 22% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Sep 24New 90-day low: NT$9.60The company is down 3.0% from its price of NT$9.92 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 4.0% over the same period.주주 수익률9902TW Retail DistributorsTW 시장7D-3.2%0.02%-4.3%1Y-15.4%-1.1%86.1%전체 주주 수익률 보기수익률 대 산업: 9902은 지난 1년 동안 -1.1%의 수익을 기록한 TW Retail Distributors 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 9902은 지난 1년 동안 86.1%를 기록한 TW 시장보다 저조한 성과를 냈습니다.주가 변동성Is 9902's price volatile compared to industry and market?9902 volatility9902 Average Weekly Movement3.5%Retail Distributors Industry Average Movement3.4%Market Average Movement6.2%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%안정적인 주가: 9902는 지난 3개월 동안 TW 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 9902의 주간 변동성(3%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1940n/aWenzheng Chenwww.tidehold.com타이드홀드 개발은 대만 및 국제적으로 국제 무역 사업을 하고 있습니다. 이 회사는 다양한 상품의 수입, 수출, 구매 및 재판매에 관여합니다. 또한 주거용 및 상업용 건물의 개발, 임대 및 판매, 사업 투자, 장비 임대 및 임대 사업에도 종사하고 있습니다.더 보기Tidehold Development Co., Ltd. 기초 지표 요약Tidehold Development의 순이익과 매출은 시가총액과 어떻게 비교됩니까?9902 기초 통계시가총액NT$1.34b순이익 (TTM)-NT$25.97m매출 (TTM)NT$338.07m4.0x주가매출비율(P/S)-51.7x주가수익비율(P/E)9902는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표9902 손익계산서 (TTM)매출NT$338.07m매출원가NT$312.08m총이익NT$25.99m기타 비용NT$51.97m순이익-NT$25.97m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)-0.26총이익률7.69%순이익률-7.68%부채/자본 비율0%9902의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.2%현재 배당 수익률832%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 22:49종가2026/05/20 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 소스Tidehold Development Co., Ltd.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kenji SakaiMizuho Securities Co., Ltd.
Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: NT$22.7m (down 64% from 1Q 2025). Net income: NT$16.9m (up NT$20.0m from 1Q 2025). Profit margin: 75% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
공시 • Mar 09Tidehold Development Co., Ltd., Annual General Meeting, Jun 23, 2026Tidehold Development Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,2, hsu chou rd., jhongjheng district, taipei city Taiwan
Reported Earnings • Mar 09Full year 2025 earnings released: NT$0.47 loss per share (vs NT$0.58 profit in FY 2024)Full year 2025 results: NT$0.47 loss per share (down from NT$0.58 profit in FY 2024). Revenue: NT$378.5m (up 56% from FY 2024). Net loss: NT$46.0m (down 181% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.
New Risk • Feb 02New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Dividend per share is over 8x earnings per share. Dividend yield: 1.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 8x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.67b market cap, or US$52.8m).
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.075 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.17 (up from NT$0.075 in 3Q 2024). Revenue: NT$20.9m (up 148% from 3Q 2024). Net income: NT$16.8m (up 129% from 3Q 2024). Profit margin: 80% (down from 87% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
New Risk • Nov 08New 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 6.7% 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 Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$1.75b market cap, or US$56.3m).
Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: NT$22.7m (down 64% from 1Q 2025). Net income: NT$16.9m (up NT$20.0m from 1Q 2025). Profit margin: 75% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
공시 • Mar 09Tidehold Development Co., Ltd., Annual General Meeting, Jun 23, 2026Tidehold Development Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,2, hsu chou rd., jhongjheng district, taipei city Taiwan
Reported Earnings • Mar 09Full year 2025 earnings released: NT$0.47 loss per share (vs NT$0.58 profit in FY 2024)Full year 2025 results: NT$0.47 loss per share (down from NT$0.58 profit in FY 2024). Revenue: NT$378.5m (up 56% from FY 2024). Net loss: NT$46.0m (down 181% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.
New Risk • Feb 02New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Dividend per share is over 8x earnings per share. Dividend yield: 1.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 8x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.67b market cap, or US$52.8m).
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.075 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.17 (up from NT$0.075 in 3Q 2024). Revenue: NT$20.9m (up 148% from 3Q 2024). Net income: NT$16.8m (up 129% from 3Q 2024). Profit margin: 80% (down from 87% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
New Risk • Nov 08New 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 6.7% 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 Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$1.75b market cap, or US$56.3m).
New Risk • Sep 01New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 1.9% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (NT$1.57b market cap, or US$51.2m).
Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.01 loss per share (vs NT$0.22 profit in 2Q 2024)Second quarter 2025 results: NT$0.01 loss per share (down from NT$0.22 profit in 2Q 2024). Revenue: NT$49.9m (up 139% from 2Q 2024). Net loss: NT$473.0k (down 102% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jun 26Dividend of NT$0.30 announcedDividend of NT$0.30 is the same as last year. Ex-date: 9th July 2025 Payment date: 1st August 2025 Dividend yield will be 1.6%, which is lower than the industry average of 5.2%. Sustainability & Growth Dividend is not covered by earnings (184% earnings payout ratio) nor is it covered by cash flows (129% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 105% to bring the payout ratio under control. However, EPS has declined by 5.2% over the last 5 years so the company would need to reverse this trend.
New Risk • May 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 8.8% 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 Earnings have declined by 3.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.9% net profit margin). Market cap is less than US$100m (NT$1.71b market cap, or US$56.7m).
Reported Earnings • May 19First quarter 2025 earnings released: NT$0.03 loss per share (vs NT$0.39 profit in 1Q 2024)First quarter 2025 results: NT$0.03 loss per share (down from NT$0.39 profit in 1Q 2024). Revenue: NT$63.2m (down 56% from 1Q 2024). Net loss: NT$3.12m (down 108% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$15.75, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 13x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 47% over the past three years.
공시 • May 01Tidehold Development Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Tidehold Development Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$11.95, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 12x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 6.2% over the past three years.
New Risk • Apr 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 118% 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 Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.44b market cap, or US$43.4m).
Reported Earnings • Mar 27Full year 2024 earnings released: EPS: NT$0.58 (vs NT$0.32 in FY 2023)Full year 2024 results: EPS: NT$0.58 (up from NT$0.32 in FY 2023). Revenue: NT$241.9m (down 17% from FY 2023). Net income: NT$56.9m (up 81% from FY 2023). Profit margin: 24% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Mar 11Tidehold Development Co., Ltd., Annual General Meeting, Jun 24, 2025Tidehold Development Co., Ltd., Annual General Meeting, Jun 24, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,2, hsu chou rd., jhongjheng district, taipei city Taiwan
공시 • Mar 01Tidehold Development Co., Ltd. to Report Q4, 2024 Results on Mar 07, 2025Tidehold Development Co., Ltd. announced that they will report Q4, 2024 results on Mar 07, 2025
분석 기사 • Nov 21Tidehold Development's (TWSE:9902) Promising Earnings May Rest On Soft FoundationsTidehold Development Co., Ltd. ( TWSE:9902 ) announced strong profits, but the stock was stagnant. Our analysis...
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.009 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.07 (up from NT$0.009 in 3Q 2023). Revenue: NT$8.43m (down 78% from 3Q 2023). Net income: NT$7.35m (up NT$6.48m from 3Q 2023). Profit margin: 87% (up from 2.3% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
New Risk • Oct 17New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 163% Dividend yield: 1.7% 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 Earnings have declined by 7.7% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (163% cash payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.73b market cap, or US$53.6m).
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: NT$10.22 (vs NT$0.074 in 2Q 2023)Second quarter 2024 results: EPS: NT$10.22 (up from NT$0.074 in 2Q 2023). Revenue: NT$20.9m (down 21% from 2Q 2023). Net income: NT$21.4m (up 196% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$23.10, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 15x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 102% over the past three years.
공시 • Jul 31Tidehold Development Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Tidehold Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024
분석 기사 • Jul 16There's Reason For Concern Over Tidehold Development Co., Ltd.'s (TWSE:9902) Massive 25% Price JumpDespite an already strong run, Tidehold Development Co., Ltd. ( TWSE:9902 ) shares have been powering on, with a gain...
Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$19.40, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 14x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 71% over the past three years.
Upcoming Dividend • Jun 25Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 02 July 2024. Payment date: 01 August 2024. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.5%).
분석 기사 • May 21There May Be Underlying Issues With The Quality Of Tidehold Development's (TWSE:9902) EarningsTidehold Development Co., Ltd.'s ( TWSE:9902 ) robust earnings report didn't manage to move the market for its stock...
Reported Earnings • May 11First quarter 2024 earnings released: EPS: NT$0.38 (vs NT$0.12 in 1Q 2023)First quarter 2024 results: EPS: NT$0.38 (up from NT$0.12 in 1Q 2023). Revenue: NT$142.9m (up 272% from 1Q 2023). Net income: NT$37.8m (up 221% from 1Q 2023). Profit margin: 26% (down from 31% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
New Risk • May 01New 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 8.8% 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 Share price has been highly volatile over the past 3 months (8.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.62b market cap, or US$49.7m).
공시 • Apr 27Tidehold Development Co., Ltd. to Report Q1, 2024 Results on May 02, 2024Tidehold Development Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 02, 2024
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$17.70, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 13x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 41% over the past three years.
New Risk • Mar 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 94% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.54b market cap, or US$48.4m).
Reported Earnings • Mar 14Full year 2023 earnings released: EPS: NT$0.32 (vs NT$0.50 loss in FY 2022)Full year 2023 results: EPS: NT$0.32 (up from NT$0.50 loss in FY 2022). Revenue: NT$291.9m (up 70% from FY 2022). Net income: NT$31.4m (up NT$80.2m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
공시 • Mar 09Tidehold Development Co., Ltd., Annual General Meeting, Jun 14, 2024Tidehold Development Co., Ltd., Annual General Meeting, Jun 14, 2024. Location: The Taipei Hero House (Triumph Hall at 7F,No.20,Sec. 1, Taipei City Taiwan Agenda: To consider the fiscal year of 2023 Annual Operating Report; to consider audit Committee's Review Report for the fiscal year of 2023; to report on the payment of employee compensation and director remuneration of 2023; to consider the fiscal year of 2023 Appropriation of profits and losses; and to transact other business.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$15.60, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 20x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 47% over the past three years.
Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$0.01 (vs NT$0.064 loss in 3Q 2022)Third quarter 2023 results: EPS: NT$0.01 (up from NT$0.064 loss in 3Q 2022). Revenue: NT$38.4m (up 81% from 3Q 2022). Net income: NT$869.0k (up NT$7.19m from 3Q 2022). Profit margin: 2.3% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.07 (vs NT$0.46 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.07 (up from NT$0.46 loss in 2Q 2022). Revenue: NT$26.4m (down 24% from 2Q 2022). Net income: NT$7.23m (up NT$52.2m from 2Q 2022). Profit margin: 27% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 30Full year 2022 earnings released: NT$0.50 loss per share (vs NT$1.15 profit in FY 2021)Full year 2022 results: NT$0.50 loss per share (down from NT$1.15 profit in FY 2021). Revenue: NT$171.6m (down 60% from FY 2021). Net loss: NT$48.8m (down 143% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
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. No experienced directors. 7 highly experienced directors. No independent directors (5 non-independent directors). President and Director Fu Xing Wu was the last director to join the board, commencing their role in 2011. 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 06Third quarter 2022 earnings released: NT$0.06 loss per share (vs NT$0.084 profit in 3Q 2021)Third quarter 2022 results: NT$0.06 loss per share (down from NT$0.084 profit in 3Q 2021). Revenue: NT$21.2m (down 53% from 3Q 2021). Net loss: NT$6.32m (down 176% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year.
Reported Earnings • Aug 07Second quarter 2022 earnings released: NT$0.46 loss per share (vs NT$0.94 profit in 2Q 2021)Second quarter 2022 results: NT$0.46 loss per share (down from NT$0.94 profit in 2Q 2021). Revenue: NT$34.7m (down 76% from 2Q 2021). Net loss: NT$44.9m (down 149% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 05Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (4.8%).
Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.02 (vs NT$0.051 in 1Q 2021)First quarter 2022 results: EPS: NT$0.02 (down from NT$0.051 in 1Q 2021). Revenue: NT$14.6m (down 76% from 1Q 2021). Net income: NT$1.47m (down 71% from 1Q 2021). Profit margin: 10% (up from 8.2% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
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. No experienced directors. 7 highly experienced directors. No independent directors (5 non-independent directors). President and Director Fu Xing Wu was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
공시 • Mar 23Tidehold Development Co., Ltd., Annual General Meeting, Jun 24, 2022Tidehold Development Co., Ltd., Annual General Meeting, Jun 24, 2022.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.08 (vs NT$0.02 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$45.2m (down 31% from 3Q 2020). Net income: NT$8.28m (up 324% from 3Q 2020). Profit margin: 18% (up from 3.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 16Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 17 September 2021. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.0%).
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.94 (vs NT$0.17 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$146.4m (up 35% from 2Q 2020). Net income: NT$92.1m (up 443% from 2Q 2020). Profit margin: 63% (up from 16% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$11.70, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 16x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 29% over the past three years.
Reported Earnings • May 09First quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.053 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: NT$60.8m (down 25% from 1Q 2020). Net income: NT$5.00m (down 4.0% from 1Q 2020). Profit margin: 8.2% (up from 6.4% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$13.50, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 16x in the Retail Distributors industry in Taiwan. Total returns to shareholders of 48% over the past three years.
Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$0.33 (vs NT$0.32 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: NT$432.1m (up 64% from FY 2019). Net income: NT$32.3m (up 2.0% from FY 2019). Profit margin: 7.5% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
분석 기사 • Feb 25Should Tidehold Development Co., Ltd. (TPE:9902) Be Part Of Your Income Portfolio?Today we'll take a closer look at Tidehold Development Co., Ltd. ( TPE:9902 ) from a dividend investor's perspective...
Is New 90 Day High Low • Jan 11New 90-day high: NT$12.20The company is up 24% from its price of NT$9.86 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Dec 21New 90-day high: NT$11.05The company is up 11% from its price of NT$9.99 on 22 September 2020. The Taiwanese market is also up 11% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Retail Distributors industry, which is up 6.0% over the same period.
분석 기사 • Dec 17Estimating The Intrinsic Value Of Tidehold Development Co., Ltd. (TPE:9902)Does the December share price for Tidehold Development Co., Ltd. ( TPE:9902 ) reflect what it's really worth? Today, we...
Is New 90 Day High Low • Nov 30New 90-day high: NT$11.00The company is up 10.0% from its price of NT$9.97 on 01 September 2020. The Taiwanese market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Retail Distributors industry, which is up 9.0% over the same period.
Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$0.02The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$65.4m (up 54% from 3Q 2019). Net income: NT$1.95m (down 79% from 3Q 2019). Profit margin: 3.0% (down from 22% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Sep 24New 90-day low: NT$9.60The company is down 3.0% from its price of NT$9.92 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 4.0% over the same period.
