Reported Earnings • May 18
First quarter 2026 earnings released: EPS: NT$0.051 (vs NT$0.068 in 1Q 2025) First quarter 2026 results: EPS: NT$0.051 (down from NT$0.068 in 1Q 2025). Revenue: NT$1.68b (down 1.2% from 1Q 2025). Net income: NT$38.8m (down 25% from 1Q 2025). Profit margin: 2.3% (down from 3.0% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: NT$0.16 (vs NT$0.17 in FY 2024) Full year 2025 results: EPS: NT$0.16 (down from NT$0.17 in FY 2024). Revenue: NT$7.00b (up 18% from FY 2024). Net income: NT$118.3m (down 7.7% from FY 2024). Profit margin: 1.7% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Mar 16
Rich Development Co., Ltd., Annual General Meeting, Jun 17, 2026 Rich Development Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: b1 floor no,162, sung chiang rd., taipei city Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$0.04 loss per share (vs NT$0.004 profit in 3Q 2024) Third quarter 2025 results: NT$0.04 loss per share (down from NT$0.004 profit in 3Q 2024). Revenue: NT$1.77b (up 27% from 3Q 2024). Net loss: NT$31.0m (down NT$34.2m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Sep 12
Upcoming dividend of NT$0.18 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 17 October 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.1%). Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.038 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$0.01 (up from NT$0.038 loss in 2Q 2024). Revenue: NT$1.44b (up 38% from 2Q 2024). Net income: NT$4.36m (up NT$33.2m from 2Q 2024). Profit margin: 0.3% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: NT$0.07 (vs NT$0.11 in 1Q 2024) First quarter 2025 results: EPS: NT$0.07 (down from NT$0.11 in 1Q 2024). Revenue: NT$1.70b (up 15% from 1Q 2024). Net income: NT$51.4m (down 40% from 1Q 2024). Profit margin: 3.0% (down from 5.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • May 07
Rich Development Co., Ltd. to Report Q1, 2025 Results on May 14, 2025 Rich Development Co., Ltd. announced that they will report Q1, 2025 results on May 14, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$7.85, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 16x in the Construction industry in Taiwan. Total loss to shareholders of 10% over the past three years. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: NT$0.17 (vs NT$0.32 in FY 2023) Full year 2024 results: EPS: NT$0.17 (down from NT$0.32 in FY 2023). Revenue: NT$5.95b (down 23% from FY 2023). Net income: NT$128.2m (down 47% from FY 2023). Profit margin: 2.2% (down from 3.1% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Mar 17
Rich Development Co., Ltd., Annual General Meeting, Jun 20, 2025 Rich Development Co., Ltd., Annual General Meeting, Jun 20, 2025. Location: b1 floor no,162, sung chiang rd., taipei city Taiwan Reported Earnings • Nov 17
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: NT$1.40b (down 47% from 3Q 2023). Net income: NT$3.20m (down 98% from 3Q 2023). Profit margin: 0.2% (down from 7.2% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Nov 06
Rich Development Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Rich Development Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Upcoming Dividend • Aug 28
Upcoming dividend of NT$0.24 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 09 October 2024. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.6%). Reported Earnings • Aug 16
Second quarter 2024 earnings released: NT$0.04 loss per share (vs NT$0.037 profit in 2Q 2023) Second quarter 2024 results: NT$0.04 loss per share (down from NT$0.037 profit in 2Q 2023). Revenue: NT$1.04b (down 51% from 2Q 2023). Net loss: NT$28.9m (down 206% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$11.25, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 17x in the Construction industry in Taiwan. Total returns to shareholders of 30% over the past three years. Aankondiging • Aug 06
Rich Development Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024 Rich Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$14.70, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 18x in the Construction industry in Taiwan. Total returns to shareholders of 66% over the past three years. New Risk • Jun 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Earnings have declined by 27% 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. Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.011 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.12 (up from NT$0.011 loss in 1Q 2023). Revenue: NT$1.48b (up 1.0% from 1Q 2023). Net income: NT$85.6m (up NT$93.8m from 1Q 2023). Profit margin: 5.8% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Aankondiging • May 08
Rich Development Co., Ltd. to Report Q1, 2024 Results on May 14, 2024 Rich Development Co., Ltd. announced that they will report Q1, 2024 results on May 14, 2024 New Risk • May 06
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 6.8% 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 Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 25% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$13.00, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 18x in the Construction industry in Taiwan. Total returns to shareholders of 26% over the past three years. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: NT$0.33 (vs NT$0.058 in FY 2022) Full year 2023 results: EPS: NT$0.33 (up from NT$0.058 in FY 2022). Revenue: NT$7.71b (up 22% from FY 2022). Net income: NT$240.6m (up 458% from FY 2022). Profit margin: 3.1% (up from 0.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Aankondiging • Mar 16
Rich Development Co., Ltd., Annual General Meeting, Jun 19, 2024 Rich Development Co., Ltd., Annual General Meeting, Jun 19, 2024. Location: B1F., No. 162, Songjiang Rd., Zhongshan Dist., Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee Audit Report; to consider Status of distribution of employee remuneration and directors and supervisor's remuneration in 2023; to consider 2023 Business Report and Financial Statement; to consider 2023 Surplus Distribution; to consider Amendments to the Articles of Association; and to consider other matters. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: NT$0.04 (vs NT$0.13 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.04 (down from NT$0.13 in 2Q 2022). Revenue: NT$2.14b (up 29% from 2Q 2022). Net income: NT$27.2m (down 71% from 2Q 2022). Profit margin: 1.3% (down from 5.6% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$10.35, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 11x in the Construction industry in Taiwan. Total returns to shareholders of 24% over the past three years. Reported Earnings • Nov 18
Third quarter 2022 earnings released: NT$0.08 loss per share (vs NT$0.095 profit in 3Q 2021) Third quarter 2022 results: NT$0.08 loss per share (down from NT$0.095 profit in 3Q 2021). Revenue: NT$1.57b (up 20% from 3Q 2021). Net loss: NT$62.1m (down 189% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 37% 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. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chun-Liang Lin was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 31
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 45% and the cash payout ratio is 93%. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (6.0%). Aankondiging • Aug 24
Rich Development Co., Ltd. Announces Cash Dividend, Payable on October 7, 2022 Rich Development Co., Ltd. announced cash dividends of TWD 223,197,814(TWD 0.3 per share). Payment date of cash dividend distribution: October 7, 2022. Ex-rights (Ex-dividend) date: September 7, 2022. Last date before book closure: September 11, 2022. Book closure starting date: September 12, 2022. Book closure ending date: September 16, 2022. Ex-rights (Ex-dividend) record date: September 16, 2022. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.13 (vs NT$0.07 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.13 (up from NT$0.07 loss in 2Q 2021). Revenue: NT$1.66b (up 52% from 2Q 2021). Net income: NT$92.6m (up NT$144.3m from 2Q 2021). Profit margin: 5.6% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 18
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$0.06 (up from NT$0.026 in 1Q 2021). Revenue: NT$1.41b (down 1.9% from 1Q 2021). Net income: NT$42.4m (up 122% from 1Q 2021). Profit margin: 3.0% (up from 1.3% in 1Q 2021). Revenue missed analyst estimates by 49%. Earnings per share (EPS) also missed analyst estimates by 85%. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Ru-Ping Wu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$0.42 (up from NT$0.14 in FY 2020). Revenue: NT$5.74b (down 11% from FY 2020). Net income: NT$306.7m (up 195% from FY 2020). Profit margin: 5.3% (up from 1.6% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 49%. Earnings per share (EPS) also missed analyst estimates by 85%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS NT$0.10 (vs NT$0.061 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$1.31b (down 17% from 3Q 2020). Net income: NT$70.2m (up 57% from 3Q 2020). Profit margin: 5.3% (up from 2.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 06
Upcoming dividend of NT$0.33 per share Eligible shareholders must have bought the stock before 13 September 2021. Payment date: 08 October 2021. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.8%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.07 loss per share (vs NT$0.049 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$1.09b (down 34% from 2Q 2020). Net loss: NT$51.8m (down 242% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.03 (vs NT$0.011 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.44b (up 11% from 1Q 2020). Net income: NT$19.1m (up NT$27.6m from 1Q 2020). Profit margin: 1.3% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$0.14 (vs NT$1.12 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$6.47b (down 17% from FY 2019). Net income: NT$104.0m (down 87% from FY 2019). Profit margin: 1.6% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Aankondiging • Mar 19
Rich Development Inc., Annual General Meeting, Jun 11, 2021 Rich Development Inc., Annual General Meeting, Jun 11, 2021. Is New 90 Day High Low • Jan 20
New 90-day low: NT$9.55 The company is down 7.0% from its price of NT$10.30 on 23 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 • Nov 28
New 90-day high: NT$11.00 The company is up 18% from its price of NT$9.30 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 9.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.06 The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: NT$1.57b (flat on 3Q 2019). Net income: NT$44.8m (down 49% from 3Q 2019). Profit margin: 2.8% (down from 5.7% 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 6% per year whereas the company’s share price has increased by 3% per year. Is New 90 Day High Low • Oct 15
New 90-day high: NT$10.10 The company is up 5.0% from its price of NT$9.63 on 17 July 2020. The Taiwanese market is also up 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Construction industry, which is up 7.0% over the same period.