Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.14 (vs NT$0.12 in 1Q 2025) First quarter 2026 results: EPS: NT$0.14 (up from NT$0.12 in 1Q 2025). Revenue: NT$89.9m (up 1.2% from 1Q 2025). Net income: NT$69.1m (up 12% from 1Q 2025). Profit margin: 77% (up from 70% in 1Q 2025). The increase in margin was primarily driven by lower expenses. 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$0.65 (vs NT$0.56 in FY 2024) Full year 2025 results: EPS: NT$0.65 (up from NT$0.56 in FY 2024). Revenue: NT$376.9m (up 5.9% from FY 2024). Net income: NT$325.6m (up 17% from FY 2024). Profit margin: 86% (up from 78% in FY 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Mar 09
First Hotel Company Ltd., Annual General Meeting, Jun 29, 2026 First Hotel Company Ltd., Annual General Meeting, Jun 29, 2026. Location: no,63, sec.2 nan ching e. rd., jhongshan district, taipei city Taiwan Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.28 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.28 in 3Q 2024). Revenue: NT$107.5m (up 11% from 3Q 2024). Net income: NT$115.6m (down 17% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Sep 11
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 18 September 2025. Payment date: 16 October 2025. Payout ratio is a comfortable 57% and the cash payout ratio is 100%. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.6%). Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.20 (vs NT$0.21 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.20 (down from NT$0.21 in 2Q 2024). Revenue: NT$86.7m (up 4.4% from 2Q 2024). Net income: NT$100.3m (down 5.1% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 09
Dividend of NT$0.35 announced Dividend of NT$0.35 is the same as last year. Ex-date: 18th September 2025 Payment date: 16th October 2025 Dividend yield will be 2.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 39% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.6% EPS decline seen over the last 5 years. Reported Earnings • May 13
First quarter 2025 earnings released: EPS: NT$0.12 (vs NT$0.045 in 1Q 2024) First quarter 2025 results: EPS: NT$0.12 (up from NT$0.045 in 1Q 2024). Revenue: NT$88.8m (up 4.2% from 1Q 2024). Net income: NT$61.7m (up 174% from 1Q 2024). Profit margin: 70% (up from 27% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • May 01
First Hotel Company Ltd. to Report Q1, 2025 Results on May 09, 2025 First Hotel Company Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.56 (vs NT$0.60 in FY 2023) Full year 2024 results: EPS: NT$0.56 (down from NT$0.60 in FY 2023). Revenue: NT$355.9m (up 3.7% from FY 2023). Net income: NT$277.7m (down 7.6% from FY 2023). Profit margin: 78% (down from 88% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Mar 04
First Hotel Company Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 First Hotel Company Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.28 (vs NT$0.25 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.28 (up from NT$0.25 in 3Q 2023). Revenue: NT$97.1m (down 7.6% from 3Q 2023). Net income: NT$139.6m (up 9.8% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Oct 29
First Hotel Company Ltd. to Report Q3, 2024 Results on Nov 06, 2024 First Hotel Company Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Upcoming Dividend • Sep 12
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 23 October 2024. Payout ratio is a comfortable 55% and the cash payout ratio is 99%. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (4.5%). Lower than average of industry peers (4.3%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.21 (vs NT$0.15 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.21 (up from NT$0.15 in 2Q 2023). Revenue: NT$83.1m (down 21% from 2Q 2023). Net income: NT$105.6m (up 36% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 09
Dividend of NT$0.35 announced Dividend of NT$0.35 is the same as last year. Ex-date: 19th September 2024 Payment date: 23rd October 2024 Dividend yield will be 2.3%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not adequately covered by cash flows (95% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 34% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. Aankondiging • Jul 30
First Hotel Company Ltd. to Report Q2, 2024 Results on Aug 07, 2024 First Hotel Company Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.05 (vs NT$0.061 in 1Q 2023) First quarter 2024 results: EPS: NT$0.05 (down from NT$0.061 in 1Q 2023). Revenue: NT$85.2m (down 13% from 1Q 2023). Net income: NT$22.6m (down 27% from 1Q 2023). Profit margin: 27% (down from 31% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Aankondiging • May 02
First Hotel Company Ltd. to Report Q1, 2024 Results on May 08, 2024 First Hotel Company Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 08, 2024 Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: NT$0.60 (vs NT$0.60 in FY 2022) Full year 2023 results: EPS: NT$0.60 (down from NT$0.60 in FY 2022). Revenue: NT$343.3m (up 18% from FY 2022). Net income: NT$300.7m (flat on FY 2022). Profit margin: 88% (down from 104% in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 09
First Hotel Company Ltd. Appoints Chen,Wen-Hsien as Chief Information Security Officer First Hotel Company Ltd. announced the appointment of CHEN,WEN-HSIEN as Chief Information Security Officer. Effective date: November 8, 2023. Upcoming Dividend • Sep 13
Upcoming dividend of NT$0.35 per share at 2.3% yield Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (2.3%). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.16 (vs NT$0.26 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.16 (down from NT$0.26 in 2Q 2022). Revenue: NT$105.0m (up 49% from 2Q 2022). Net income: NT$77.7m (down 40% from 2Q 2022). Profit margin: 74% (down from 182% in 2Q 2022). 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 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 01
First Hotel Company Ltd. Approves Cash Dividend for 2022 First Hotel Company Ltd. at its General Shareholders' Meeting held on June 30, 2023, approved cash dividend of TWD 0.35 per share of common stock for 2022. New Risk • Jun 28
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 6.0% 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 23% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$19.05, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 34x in the Hospitality industry in Taiwan. Total returns to shareholders of 43% over the past three years. Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: NT$0.60 (vs NT$0.16 in FY 2021) Full year 2022 results: EPS: NT$0.60 (up from NT$0.16 in FY 2021). Net income: NT$301.4m (up 285% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 29% 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: EPS: NT$0.23 (vs NT$0.11 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.23 (up from NT$0.11 in 3Q 2021). Revenue: NT$71.3m (up 42% from 3Q 2021). Net income: NT$115.0m (up 106% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.23 (vs NT$0.11 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.23 (up from NT$0.11 in 3Q 2021). Revenue: NT$71.3m (up 42% from 3Q 2021). Net income: NT$115.0m (up 106% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 30
Upcoming dividend of NT$0.14 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 06 October 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (3.4%). Aankondiging • Jun 25
First Hotel Company Ltd. Announces Dividend for the Year 2021 First Hotel Company Ltd. held shareholders meeting on June 24, 2022 approved cash dividend of TWD 0.14 per share for the year of 2021. Reported Earnings • May 14
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$0.06 (up from NT$0.014 loss in 1Q 2021). Revenue: NT$71.1m (up 2.3% from 1Q 2021). Net income: NT$31.2m (up NT$38.4m from 1Q 2021). Profit margin: 44% (up from net loss in 1Q 2021). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. 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. Reported Earnings • Mar 31
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$0.16 (down from NT$0.32 in FY 2020). Revenue: NT$252.9m (down 4.5% from FY 2020). Net income: NT$78.4m (down 51% from FY 2020). Profit margin: 31% (down from 61% in FY 2020). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.11 (vs NT$0.029 in 3Q 2020) Third quarter 2021 results: Revenue: NT$50.4m (down 23% from 3Q 2020). Net income: NT$55.7m (up 287% from 3Q 2020). 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 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 29
Upcoming dividend of NT$0.15 per share Eligible shareholders must have bought the stock before 06 October 2021. Payment date: 09 November 2021. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.1%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.04 (vs NT$0.036 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$58.3m (up 14% from 2Q 2020). Net income: NT$20.2m (up 12% from 2Q 2020). Profit margin: 35% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% 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. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 15% share price gain to NT$16.40, the stock trades at a trailing P/E ratio of 78.3x. Average trailing P/E is 23x in the Hospitality industry in Taiwan. Total returns to shareholders of 22% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: NT$0.01 loss per share (vs NT$0.098 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: NT$69.5m (down 7.6% from 1Q 2020). Net loss: NT$7.25m (down 115% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$0.32 (vs NT$1.06 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$264.9m (down 24% from FY 2019). Net income: NT$160.7m (down 70% from FY 2019). Profit margin: 61% (down from 153% in FY 2019). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 30
New 90-day high: NT$14.05 The company is up 8.0% from its price of NT$13.00 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Hospitality industry, which is also up 8.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: NT$13.95 The company is up 1.0% from its price of NT$13.80 on 19 August 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 5.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.03 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$65.5m (down 23% from 3Q 2019). Net income: NT$14.4m (down 92% from 3Q 2019). Profit margin: 22% (down from 214% in 3Q 2019). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 24
New 90-day low: NT$13.30 The company is down 7.0% from its price of NT$14.30 on 24 June 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Hospitality industry, which is also down 7.0% over the same period.