New Risk • Jun 03
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: 1.7% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • May 21
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 23 June 2026. The company last paid an ordinary dividend in March 2016. The average dividend yield among industry peers is 5.0%. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: NT$0.034 (vs NT$0.08 loss in 1Q 2025) First quarter 2026 results: EPS: NT$0.034 (up from NT$0.08 loss in 1Q 2025). Revenue: NT$231.2m (down 18% from 1Q 2025). Net income: NT$10.9m (up NT$36.3m from 1Q 2025). Profit margin: 4.7% (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 increased by 110% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: NT$1.40 (vs NT$0.68 in FY 2024) Full year 2025 results: EPS: NT$1.40 (up from NT$0.68 in FY 2024). Revenue: NT$1.10b (down 16% from FY 2024). Net income: NT$441.8m (up 106% from FY 2024). Profit margin: 40% (up from 16% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 25
Lan Fa Textile Co., Ltd., Annual General Meeting, May 12, 2026 Lan Fa Textile Co., Ltd., Annual General Meeting, May 12, 2026. Location: 1 floor no,32, ta hsin rd., lujhu district, taoyuan city Taiwan Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: NT$0.48 (vs NT$0.19 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.48 (up from NT$0.19 in 3Q 2024). Revenue: NT$277.6m (down 2.0% from 3Q 2024). Net income: NT$151.7m (up 157% from 3Q 2024). Profit margin: 55% (up from 21% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 27
Lan Fa Textile Co., Ltd. to Report Q1, 2025 Results on May 06, 2025 Lan Fa Textile Co., Ltd. announced that they will report Q1, 2025 results on May 06, 2025 New Risk • Apr 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.24b (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$3.24b market cap, or US$98.4m). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to NT$10.85, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Negligible returns to shareholders over past three years. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% 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. This is currently the only risk that has been identified for the company. New Risk • Mar 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Aankondiging • Mar 11
Lan Fa Textile Co., Ltd., Annual General Meeting, Jun 25, 2025 Lan Fa Textile Co., Ltd., Annual General Meeting, Jun 25, 2025. Location: 1 floor no,32, ta hsin rd., lujhu district, taoyuan city Taiwan Aankondiging • Feb 27
Lan Fa Textile Co., Ltd. to Report Q4, 2024 Results on Mar 10, 2025 Lan Fa Textile Co., Ltd. announced that they will report Q4, 2024 results on Mar 10, 2025 New Risk • Feb 26
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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$11.05, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 23x in the Luxury industry in Taiwan. Total loss to shareholders of 4.7% over the past three years. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (NT$3.08b market cap, or US$94.8m). Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: NT$0.19 (vs NT$0.15 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.19 (up from NT$0.15 in 3Q 2023). Revenue: NT$283.2m (up 3.3% from 3Q 2023). Net income: NT$59.1m (up 22% from 3Q 2023). Profit margin: 21% (up from 18% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Aankondiging • Oct 29
Lan Fa Textile Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Lan Fa Textile Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$0.36 (vs NT$0.14 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.36 (up from NT$0.14 in 2Q 2023). Revenue: NT$309.7m (up 37% from 2Q 2023). Net income: NT$114.5m (up 161% from 2Q 2023). Profit margin: 37% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 31
Lan Fa Textile Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Lan Fa Textile Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 New Risk • Jul 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.24b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.01 (vs NT$0.027 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.01 (up from NT$0.027 loss in 1Q 2023). Revenue: NT$372.4m (up 40% from 1Q 2023). Net income: NT$3.73m (up NT$12.4m from 1Q 2023). Profit margin: 1.0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Aankondiging • May 02
Lan Fa Textile Co., Ltd. to Report Q1, 2024 Results on May 13, 2024 Lan Fa Textile Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: NT$0.07 (vs NT$1.40 loss in FY 2022) Full year 2023 results: EPS: NT$0.07 (up from NT$1.40 loss in FY 2022). Revenue: NT$1.20b (down 39% from FY 2022). Net income: NT$23.5m (up NT$466.9m from FY 2022). Profit margin: 2.0% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Aankondiging • Mar 09
Lan Fa Textile Co., Ltd., Annual General Meeting, Jun 26, 2024 Lan Fa Textile Co., Ltd., Annual General Meeting, Jun 26, 2024. Location: 6F., No. 291, Shixing Rd., Zhubei City Hsinchu City Taiwan Agenda: To consider Business Report for 2023; to consider audit Committee's review Report for 2023; to consider cash lending BEndorsements and Guarantees Report for 2023; to consider report on amendments to the Norms Governing the Board of Directors' Meeting; and to transact such other business matters. New Risk • Jan 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.11b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk 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. Minor Risk Market cap is less than US$100m (NT$3.11b market cap, or US$99.6m). Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: NT$0.15 (vs NT$0.70 loss in 3Q 2022) Third quarter 2023 results: EPS: NT$0.15 (up from NT$0.70 loss in 3Q 2022). Revenue: NT$274.0m (down 32% from 3Q 2022). Net income: NT$48.6m (up NT$270.2m from 3Q 2022). Profit margin: 18% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$0.14 (vs NT$1.03 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.14 (up from NT$1.03 loss in 2Q 2022). Revenue: NT$226.1m (down 62% from 2Q 2022). Net income: NT$44.0m (up NT$370.2m from 2Q 2022). Profit margin: 19% (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 24% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings released: NT$0.70 loss per share (vs NT$0.89 profit in 3Q 2021) Third quarter 2022 results: NT$0.70 loss per share (down from NT$0.89 profit in 3Q 2021). Revenue: NT$403.8m (down 34% from 3Q 2021). Net loss: NT$221.5m (down 178% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 66% 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 • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tsang-En Wang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: NT$0.70 loss per share (vs NT$0.89 profit in 3Q 2021) Third quarter 2022 results: NT$0.70 loss per share (down from NT$0.89 profit in 3Q 2021). Revenue: NT$403.8m (down 34% from 3Q 2021). Net loss: NT$221.5m (down 178% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 16
Second quarter 2022 earnings released: NT$1.03 loss per share (vs NT$0.47 profit in 2Q 2021) Second quarter 2022 results: NT$1.03 loss per share (down from NT$0.47 profit in 2Q 2021). Revenue: NT$599.9m (flat on 2Q 2021). Net loss: NT$326.2m (down 318% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 15
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 22 July 2022. Payment date: 16 August 2022. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (4.0%). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 20% share price gain to NT$11.95, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 14x in the Luxury industry in Taiwan. Total returns to shareholders of 60% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.48 in 1Q 2021) First quarter 2022 results: EPS: NT$0.27 (down from NT$0.48 in 1Q 2021). Revenue: NT$596.9m (down 12% from 1Q 2021). Net income: NT$86.0m (down 44% from 1Q 2021). Profit margin: 14% (down from 23% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Mar 23
Lan Fa Textile Co.,Ltd., Annual General Meeting, Jun 24, 2022 Lan Fa Textile Co.,Ltd., Annual General Meeting, Jun 24, 2022. Location: 6F., No. 291, Shixing Rd., Zhubei City, Hsinchu County Zhubei City Taiwan Agenda: To consider Business Report for 2021; to consider Audit Committees review Report for 2021; to consider Cash lending BEndorsements and Guarantees Report for 2021; and to consider other matters. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$0.89 (vs NT$0.15 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$611.1m (up 64% from 3Q 2020). Net income: NT$282.7m (up NT$329.0m from 3Q 2020). Profit margin: 46% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 20% share price gain to NT$13.65, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total returns to shareholders of 48% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.47 (vs NT$0.30 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$598.9m (up 143% from 2Q 2020). Net income: NT$149.4m (up 54% from 2Q 2020). Profit margin: 25% (down from 39% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 30% share price gain to NT$15.85, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 19x in the Luxury industry in Taiwan. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improved over the past week After last week's 30% share price gain to NT$15.20, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 24x in the Luxury industry in Taiwan. Total returns to shareholders of 81% over the past three years. Reported Earnings • May 04
First quarter 2021 earnings released: EPS NT$0.48 (vs NT$1.09 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$674.6m (up 20% from 1Q 2020). Net income: NT$152.4m (up NT$497.9m from 1Q 2020). Profit margin: 23% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. 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 18% per year, which means it is well ahead of earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: NT$0.58 loss per share (vs NT$0.27 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$1.78b (down 43% from FY 2019). Net loss: NT$184.3m (loss widened 117% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 29
New 90-day low: NT$8.00 The company is down 2.0% from its price of NT$8.16 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 Luxury industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: NT$9.10 The company is up 12% from its price of NT$8.09 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 8.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: NT$0.15 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$373.1m (down 44% from 3Q 2019). Net loss: NT$46.4m (loss narrowed 62% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.