Declared Dividend • 12h
Dividend of NT$3.00 announced Shareholders will receive a dividend of NT$3.00. Ex-date: 10th July 2026 Payment date: 7th August 2026 Dividend yield will be 13%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 9 years. However, payments have been volatile during that time. Reported Earnings • May 07
First quarter 2026 earnings released: NT$0.025 loss per share (vs NT$0.043 loss in 1Q 2025) First quarter 2026 results: NT$0.025 loss per share (improved from NT$0.043 loss in 1Q 2025). Revenue: NT$271.9m (up 123% from 1Q 2025). Net loss: NT$2.29m (loss narrowed 41% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. New Risk • Mar 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 63% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.95b market cap, or US$61.4m). Reported Earnings • Mar 12
Full year 2025 earnings released: NT$0.09 loss per share (vs NT$0.89 loss in FY 2024) Full year 2025 results: NT$0.09 loss per share (improved from NT$0.89 loss in FY 2024). Revenue: NT$719.1m (down 70% from FY 2024). Net loss: NT$8.45m (loss narrowed 90% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 12
Sun Brothers Development Co., Limited, Annual General Meeting, Jun 17, 2026 Sun Brothers Development Co., Limited, Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: b1 floor no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan Reported Earnings • Nov 06
Third quarter 2025 earnings released: NT$0.06 loss per share (vs NT$0.15 loss in 3Q 2024) Third quarter 2025 results: NT$0.06 loss per share (improved from NT$0.15 loss in 3Q 2024). Revenue: NT$202.9m (down 65% from 3Q 2024). Net loss: NT$5.80m (loss narrowed 57% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 07
Second quarter 2025 earnings released: NT$0.03 loss per share (vs NT$0.062 profit in 2Q 2024) Second quarter 2025 results: NT$0.03 loss per share (down from NT$0.062 profit in 2Q 2024). Revenue: NT$146.8m (down 49% from 2Q 2024). Net loss: NT$2.27m (down 140% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 10
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 13 August 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.9%). Reported Earnings • May 08
First quarter 2025 earnings released: NT$0.04 loss per share (vs NT$0.083 loss in 1Q 2024) First quarter 2025 results: NT$0.04 loss per share (improved from NT$0.083 loss in 1Q 2024). Revenue: NT$122.2m (down 27% from 1Q 2024). Net loss: NT$3.90m (loss narrowed 48% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 29
Sun Brothers Development Co., Limited to Report Q1, 2025 Results on May 07, 2025 Sun Brothers Development Co., Limited announced that they will report Q1, 2025 results on May 07, 2025 New Risk • Apr 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% 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 43% per year over the past 5 years. Minor Risks High level of debt (45% net debt to equity). Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (NT$2.27b market cap, or US$69.8m). New Risk • Mar 28
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. 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 43% per year over the past 5 years. Minor Risks High level of debt (45% net debt to equity). Paying a dividend despite being loss-making. Market cap is less than US$100m (NT$2.51b market cap, or US$75.7m). Reported Earnings • Mar 19
Full year 2024 earnings released: NT$0.89 loss per share (vs NT$0.12 profit in FY 2023) Full year 2024 results: NT$0.89 loss per share (down from NT$0.12 profit in FY 2023). Revenue: NT$2.38b (up 222% from FY 2023). Net loss: NT$80.1m (down NT$89.9m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 14
Sun Brothers Development Co., Limited, Annual General Meeting, Jun 11, 2025 Sun Brothers Development Co., Limited, Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: b1 floor no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan Aankondiging • Mar 04
Sun Brothers Development Co., Limited to Report Q4, 2024 Results on Mar 12, 2025 Sun Brothers Development Co., Limited announced that they will report Q4, 2024 results on Mar 12, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: NT$0.15 loss per share (vs NT$0.058 loss in 3Q 2023) Third quarter 2024 results: NT$0.15 loss per share (further deteriorated from NT$0.058 loss in 3Q 2023). Revenue: NT$579.4m (up 247% from 3Q 2023). Net loss: NT$13.4m (loss widened 178% from 3Q 2023). 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 21% per year, which means it is well ahead of earnings. Aankondiging • Oct 29
Sun Brothers Development Co., Limited to Report Q3, 2024 Results on Nov 06, 2024 Sun Brothers Development Co., Limited announced that they will report Q3, 2024 results on Nov 06, 2024 New Risk • Sep 23
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.7% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Market cap is less than US$100m (NT$2.13b market cap, or US$66.3m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.24 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.06 (down from NT$0.24 in 2Q 2023). Revenue: NT$286.4m (up 78% from 2Q 2023). Net income: NT$5.61m (down 72% from 2Q 2023). Profit margin: 2.0% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 21
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 28 June 2024. Payment date: 26 July 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.5%). Reported Earnings • May 11
First quarter 2024 earnings released First quarter 2024 results: Revenue: NT$167.7m (down 6.0% from 1Q 2023). Net loss: NT$7.48m (loss widened 20% from 1Q 2023). Aankondiging • May 09
Sun Brothers Development Co., Limited Announces Internal Audit Officer Changes, Effective May 31, 2024 Sun Brothers Development Co., Limited announced internal audit officer changes. Name, title, and resume of the previous position holder: Shu Chuan Wu Deputy Manager /Internal audit officer of Sun Brothers Development Co. Ltd. Name, title, and resume of the new position holder: Yin Feng Jao Manager /Manager of Sun Brothers Development Co. Ltd. Reason for the change: position adjustment within the company. Effective date: May 31, 2024. Date of occurrence of the change: May 8, 2024. Aankondiging • May 03
Sun Brothers Development Co., Limited to Report Q1, 2024 Results on May 08, 2024 Sun Brothers Development Co., Limited announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 08, 2024 New Risk • Mar 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Market cap is less than US$100m (NT$1.97b market cap, or US$61.7m). Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: NT$0.12 (vs NT$0.29 in FY 2022) Full year 2023 results: EPS: NT$0.12 (down from NT$0.29 in FY 2022). Revenue: NT$741.5m (down 20% from FY 2022). Net income: NT$9.78m (down 60% from FY 2022). Profit margin: 1.3% (down from 2.6% in FY 2022). 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 increased by 23% per year, which means it is well ahead of earnings. Aankondiging • Mar 14
Sun Brothers Development Co., Limited, Annual General Meeting, May 31, 2024 Sun Brothers Development Co., Limited, Annual General Meeting, May 31, 2024. Location: No.108,Sec.1,Nankan Rd.,Luzhu Dist.,Taoyuan City (Monarch Skyline Hotel B1F Purple Cloud Hall ) Taoyuan City Taiwan Agenda: To discuss 2023 Business Report; to discuss Audit Committee's Review Report; to discuss Report on Implementation of Endorsements and Guarantees in 2023; to discuss 2023 Investment Report; to discuss Report on the Appropriation of Employees' compensation and Directors' remuneration for2023; and to discuss other matters. New Risk • Jan 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 9.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (NT$1.62b market cap, or US$51.7m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.24 (vs NT$0.004 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.24 (up from NT$0.004 loss in 2Q 2022). Revenue: NT$160.6m (down 30% from 2Q 2022). Net income: NT$20.0m (up NT$20.3m from 2Q 2022). Profit margin: 13% (up from net loss in 2Q 2022). The move to profitability was driven by lower 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 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 03
Upcoming dividend of NT$0.30 per share at 2.6% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 04 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (5.6%). Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.004 loss per share (vs NT$0.31 profit in 2Q 2021) Second quarter 2022 results: NT$0.004 loss per share (down from NT$0.31 profit in 2Q 2021). Revenue: NT$228.0m (down 54% from 2Q 2021). Net loss: NT$303.0k (down 101% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 28
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 02 September 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (6.3%). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$9.41, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 12x in the Construction industry in Taiwan. Total returns to shareholders of 17% over the past three years. Reported Earnings • May 13
First quarter 2022 earnings released: NT$0.09 loss per share (vs NT$0.16 profit in 1Q 2021) First quarter 2022 results: NT$0.09 loss per share (down from NT$0.16 profit in 1Q 2021). Revenue: NT$253.8m (down 70% from 1Q 2021). Net loss: NT$7.27m (down 153% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$0.57 (up from NT$0.32 in FY 2020). Revenue: NT$1.91b (up 8.8% from FY 2020). Net income: NT$47.6m (up 79% from FY 2020). Profit margin: 2.5% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$11.80, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 14x in the Construction industry in Taiwan. Total returns to shareholders of 59% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.03 (vs NT$0.22 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$240.7m (down 65% from 3Q 2020). Net income: NT$2.76m (down 85% from 3Q 2020). Profit margin: 1.1% (down from 2.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 18
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 29 September 2021. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (5.0%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.058 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$494.9m (up 27% from 2Q 2020). Net income: NT$26.1m (up 440% from 2Q 2020). Profit margin: 5.3% (up from 1.2% 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 6% per year and the company’s share price has also increased by 6% per year. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$11.50, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 12x in the Construction industry in Taiwan. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 17% share price gain to NT$14.05, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 16x in the Construction industry in Taiwan. Total returns to shareholders of 62% over the past three years. Aankondiging • Mar 11
Sun Brothers Development Co., Limited, Annual General Meeting, Jun 02, 2021 Sun Brothers Development Co., Limited, Annual General Meeting, Jun 02, 2021. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS NT$0.32 (vs NT$0.55 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$1.76b (up 95% from FY 2019). Net income: NT$26.5m (down 42% from FY 2019). Profit margin: 1.5% (down from 5.0% 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 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 29
New 90-day low: NT$10.60 The company is down 11% from its price of NT$11.90 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is flat over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: NT$11.10 The company is down 15% from its price of NT$13.10 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 2.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.22 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$687.2m (up 236% from 3Q 2019). Net income: NT$18.1m (up 66% from 3Q 2019). Profit margin: 2.6% (down from 5.3% 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 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.