Reported Earnings • May 18
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.67 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.67 in 1Q 2025). Revenue: NT$574.2m (up 6.9% from 1Q 2025). Net income: NT$82.5m (up 176% from 1Q 2025). Profit margin: 14% (up from 5.6% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: NT$5.03 (vs NT$8.86 in FY 2024) Full year 2025 results: EPS: NT$5.03 (down from NT$8.86 in FY 2024). Revenue: NT$2.27b (down 5.6% from FY 2024). Net income: NT$232.1m (down 40% from FY 2024). Profit margin: 10% (down from 16% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. New Risk • Mar 31
New major risk - Revenue and earnings growth Earnings have declined by 0.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (109% cash payout ratio). Profit margins are more than 30% lower than last year (10% net profit margin). Announcement • Mar 10
Value Valves Co., Ltd., Annual General Meeting, Jun 26, 2026 Value Valves Co., Ltd., Annual General Meeting, Jun 26, 2026. Location: no,4, san min rd., tucheng district, new taipei city Taiwan Buy Or Sell Opportunity • Feb 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to NT$80.80. The fair value is estimated to be NT$101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Earnings per share has declined by 5.8%. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$1.92 (vs NT$1.29 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.92 (up from NT$1.29 in 3Q 2024). Revenue: NT$580.3m (down 1.3% from 3Q 2024). Net income: NT$89.6m (up 62% from 3Q 2024). Profit margin: 15% (up from 9.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$96.70, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total returns to shareholders of 28% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$1.47 (vs NT$2.55 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.47 (down from NT$2.55 in 2Q 2024). Revenue: NT$599.7m (down 1.9% from 2Q 2024). Net income: NT$68.2m (down 38% from 2Q 2024). Profit margin: 11% (down from 18% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. 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 3% per year. Upcoming Dividend • Jul 22
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 29 July 2025. Payment date: 21 August 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%). Reported Earnings • May 16
First quarter 2025 earnings released: EPS: NT$0.67 (vs NT$2.57 in 1Q 2024) First quarter 2025 results: EPS: NT$0.67 (down from NT$2.57 in 1Q 2024). Revenue: NT$537.2m (down 4.3% from 1Q 2024). Net income: NT$29.9m (down 73% from 1Q 2024). Profit margin: 5.6% (down from 20% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year. Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: NT$8.86 (vs NT$7.68 in FY 2023) Full year 2024 results: EPS: NT$8.86 (up from NT$7.68 in FY 2023). Revenue: NT$2.40b (down 7.9% from FY 2023). Net income: NT$383.7m (up 16% from FY 2023). Profit margin: 16% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Announcement • Mar 13
Value Valves Co., Ltd., Annual General Meeting, Jun 25, 2025 Value Valves Co., Ltd., Annual General Meeting, Jun 25, 2025. Location: 3 floor no,4, san min rd., tucheng district, new taipei city Taiwan Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$1.29 (vs NT$2.19 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.29 (down from NT$2.19 in 3Q 2023). Revenue: NT$587.7m (down 15% from 3Q 2023). Net income: NT$55.5m (down 41% from 3Q 2023). Profit margin: 9.4% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$2.55 (vs NT$2.33 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.55 (up from NT$2.33 in 2Q 2023). Revenue: NT$611.5m (down 16% from 2Q 2023). Net income: NT$109.9m (up 9.5% from 2Q 2023). Profit margin: 18% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Buy Or Sell Opportunity • Aug 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to NT$104. The fair value is estimated to be NT$85.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Aug 07
Upcoming dividend of NT$4.80 per share Eligible shareholders must have bought the stock before 14 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Taiwanese dividend payers (4.7%). Higher than average of industry peers (2.9%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$2.57 (vs NT$1.90 in 1Q 2023) First quarter 2024 results: EPS: NT$2.57 (up from NT$1.90 in 1Q 2023). Revenue: NT$561.6m (down 15% from 1Q 2023). Net income: NT$110.8m (up 35% from 1Q 2023). Profit margin: 20% (up from 12% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: NT$7.68 (vs NT$7.91 in FY 2022) Full year 2023 results: EPS: NT$7.68 (down from NT$7.91 in FY 2022). Revenue: NT$2.61b (up 2.3% from FY 2022). Net income: NT$331.3m (flat on FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Announcement • Mar 21
Value Valves Co., Ltd., Annual General Meeting, Jun 24, 2024 Value Valves Co., Ltd., Annual General Meeting, Jun 24, 2024. Buying Opportunity • Nov 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.7%. The fair value is estimated to be NT$114, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Oct 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.0%. The fair value is estimated to be NT$114, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Aug 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be NT$112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: NT$2.33 (vs NT$2.38 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.33 (down from NT$2.38 in 2Q 2022). Revenue: NT$727.2m (up 3.4% from 2Q 2022). Net income: NT$100.4m (down 1.6% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Aug 08
Upcoming dividend of NT$5.25 per share at 5.3% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 69% and the cash payout ratio is 81%. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$2.19 (vs NT$2.33 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.19. Revenue: NT$681.0m (up 3.5% from 3Q 2021). Net income: NT$94.5m (up 3.8% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$2.38 (vs NT$2.22 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.38 (up from NT$2.22 in 2Q 2021). Revenue: NT$703.1m (up 13% from 2Q 2021). Net income: NT$102.0m (up 17% from 2Q 2021). Profit margin: 14% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 01
Upcoming dividend of NT$5.22 per share Eligible shareholders must have bought the stock before 08 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 5.9%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (3.5%). Reported Earnings • May 17
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$2.27 (up from NT$1.75 in 1Q 2021). Revenue: NT$619.2m (up 21% from 1Q 2021). Net income: NT$89.0m (up 30% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$8.04 (up from NT$7.55 in FY 2020). Revenue: NT$2.40b (flat on FY 2020). Net income: NT$314.5m (up 6.5% from FY 2020). Profit margin: 13% (in line with FY 2020). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$2.33 (vs NT$2.22 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$658.3m (up 7.5% from 3Q 2020). Net income: NT$91.1m (up 4.9% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Upcoming Dividend • Aug 19
Upcoming dividend of NT$5.11 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 17 September 2021. Trailing yield: 5.7%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.7%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$2.22 (vs NT$2.17 in 2Q 2020) The company reported a mediocre second quarter result with weaker revenues, although profit margins were flat and earnings improved. Second quarter 2021 results: Revenue: NT$623.0m (down 2.5% from 2Q 2020). Net income: NT$86.9m (up 2.3% from 2Q 2020). Profit margin: 14% (in line with 2Q 2020). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$1.75 (vs NT$2.06 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$510.0m (down 12% from 1Q 2020). Net income: NT$68.4m (down 15% from 1Q 2020). Profit margin: 13% (in line with 1Q 2020). Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$7.55 (vs NT$8.00 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$2.40b (up 2.1% from FY 2019). Net income: NT$295.2m (up 3.7% from FY 2019). Profit margin: 12% (in line with FY 2019). Is New 90 Day High Low • Feb 04
New 90-day low: NT$94.50 The company is down 1.0% from its price of NT$95.60 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$252 per share. Is New 90 Day High Low • Jan 04
New 90-day high: NT$104 The company is up 6.0% from its price of NT$97.70 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$252 per share. Is New 90 Day High Low • Dec 17
New 90-day high: NT$101 The company is up 2.0% from its price of NT$99.00 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$252 per share. Analyst Estimate Surprise Post Earnings • Nov 15
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 9.0%, compared to a 22% growth forecast for the Machinery industry in Taiwan. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$2.22 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$612.2m (up 5.5% from 3Q 2019). Net income: NT$86.8m (up 10% from 3Q 2019). Profit margin: 14% (in line with 3Q 2019). Is New 90 Day High Low • Oct 30
New 90-day low: NT$93.50 The company is down 5.0% from its price of NT$98.60 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$221 per share. Is New 90 Day High Low • Sep 25
New 90-day low: NT$94.00 The company is down 11% from its price of NT$106 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$216 per share.