Reported Earnings • May 16
First quarter 2026 earnings released: NT$0.091 loss per share (vs NT$0.01 loss in 1Q 2025) First quarter 2026 results: NT$0.091 loss per share (further deteriorated from NT$0.01 loss in 1Q 2025). Revenue: NT$3.46b (up 57% from 1Q 2025). Net loss: NT$30.5m (loss widened NT$27.0m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 25
Full year 2025 earnings released: NT$0.02 loss per share (vs NT$0.49 loss in FY 2024) Full year 2025 results: NT$0.02 loss per share (improved from NT$0.49 loss in FY 2024). Revenue: NT$9.34b (up 17% from FY 2024). Net loss: NT$6.12m (loss narrowed 96% from FY 2024). 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 8% per year, which means it has not declined as severely as earnings. Announcement • Jan 16
Tycoons Group Enterprise Co.,Ltd., Annual General Meeting, May 28, 2026 Tycoons Group Enterprise Co.,Ltd., Annual General Meeting, May 28, 2026. Location: no,79-1, hsin yueh st., gangshan district, kaohsiung city Taiwan New Risk • Nov 18
New major risk - Revenue and earnings growth Earnings have declined by 4.8% 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 4.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.73b market cap, or US$87.5m). Reported Earnings • Aug 13
Second quarter 2025 earnings released: NT$0.02 loss per share (vs NT$0.12 loss in 2Q 2024) Second quarter 2025 results: NT$0.02 loss per share (improved from NT$0.12 loss in 2Q 2024). Revenue: NT$2.03b (up 2.8% from 2Q 2024). Net loss: NT$5.73m (loss narrowed 85% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year. Announcement • May 29
Tycoons Group Enterprise Co.,Ltd. Elects Liu, Jung-Chin and Huang, Chun-Kai as Independent Directors Tycoons Group Enterprise Co.,Ltd. at its shareholders meeting held on May 28, 2025, elected Liu, Jung-Chin and Huang, Chun-Kai as independent directors. Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.01 loss per share (vs NT$0.18 profit in 1Q 2024) First quarter 2025 results: NT$0.01 loss per share (down from NT$0.18 profit in 1Q 2024). Revenue: NT$2.21b (up 9.5% from 1Q 2024). Net loss: NT$3.49m (down 106% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year. Announcement • May 01
Tycoons Group Enterprise Co.,Ltd. to Report Q1, 2025 Results on May 12, 2025 Tycoons Group Enterprise Co.,Ltd. announced that they will report Q1, 2025 results on May 12, 2025 New Risk • Apr 07
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 6.6% 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 Less than 1 year of cash runway based on free cash flow trend (-NT$893m free cash flow). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$2.79b market cap, or US$84.5m). New Risk • Mar 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.29b (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 Less than 1 year of cash runway based on free cash flow trend (-NT$893m free cash flow). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.29b market cap, or US$99.6m). Reported Earnings • Mar 20
Full year 2024 earnings released: NT$0.49 loss per share (vs NT$0.68 profit in FY 2023) Full year 2024 results: NT$0.49 loss per share (down from NT$0.68 profit in FY 2023). Revenue: NT$8.00b (down 4.9% from FY 2023). Net loss: NT$165.3m (down 172% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Mar 01
Tycoons Group Enterprise Co.,Ltd. to Report Q4, 2024 Results on Mar 10, 2025 Tycoons Group Enterprise Co.,Ltd. announced that they will report Q4, 2024 results at 12:00 PM, Taipei Standard Time on Mar 10, 2025 Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$10.20, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Total loss to shareholders of 42% over the past three years. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. President, GM & Chairman Wen-Sung Huang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 15
Tycoons Group Enterprise Co.,Ltd., Annual General Meeting, May 28, 2025 Tycoons Group Enterprise Co.,Ltd., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,79-1, hsin yueh st., gangshan district, kaohsiung city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.11 loss in 3Q 2023) Third quarter 2024 results: NT$0.19 loss per share (further deteriorated from NT$0.11 loss in 3Q 2023). Revenue: NT$1.97b (down 14% from 3Q 2023). Net loss: NT$62.5m (loss widened 66% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 22% per year. New Risk • Nov 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.20b (US$98.8m) 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 Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.20b market cap, or US$98.8m). Announcement • Nov 05
Tycoons Group Enterprise Co.,Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Tycoons Group Enterprise Co.,Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.084 loss in 2Q 2023) Second quarter 2024 results: NT$0.11 loss per share (further deteriorated from NT$0.084 loss in 2Q 2023). Revenue: NT$1.98b (down 11% from 2Q 2023). Net loss: NT$39.2m (loss widened 39% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.21b (US$98.3m) 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 Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (NT$3.21b market cap, or US$98.3m). Announcement • Aug 02
Tycoons Group Enterprise Co.,Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Tycoons Group Enterprise Co.,Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 22 July 2024. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.5%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.18 (vs NT$0.26 in 1Q 2023) First quarter 2024 results: EPS: NT$0.18 (down from NT$0.26 in 1Q 2023). Revenue: NT$2.02b (down 1.3% from 1Q 2023). Net income: NT$61.9m (down 29% from 1Q 2023). Profit margin: 3.1% (down from 4.3% in 1Q 2023). 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 13% per year, which means it has not declined as severely as earnings. Announcement • May 15
Tycoons Group Enterprise Co.,Ltd. Appoints Wu, Wen as Chief Information Security Officer Tycoons Group Enterprise Co.,Ltd. announced the appointment of Wu, Wen /Manager of Information Technology Team as Chief information security officer. Effective date is May 14, 2024. Announcement • May 08
Tycoons Group Enterprise Co.,Ltd. to Report Q1, 2024 Results on May 14, 2024 Tycoons Group Enterprise Co.,Ltd. announced that they will report Q1, 2024 results on May 14, 2024 New Risk • Apr 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: NT$0.68 (vs NT$0.34 loss in FY 2022) Full year 2023 results: EPS: NT$0.68 (up from NT$0.34 loss in FY 2022). Revenue: NT$8.42b (down 12% from FY 2022). Net income: NT$228.5m (up NT$344.6m from FY 2022). Profit margin: 2.7% (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 29% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Mar 15
Tycoons Group Enterprise Co.,Ltd., Annual General Meeting, May 29, 2024 Tycoons Group Enterprise Co.,Ltd., Annual General Meeting, May 29, 2024. Announcement • Jan 26
Tycoons Group Enterprise Co.,Ltd. Announces Dismissal of Kao, Ching-Pin as Chief Internal Auditor, Effective February 25, 2024 Tycoons Group Enterprise Co.,Ltd. announced dismissal of Kao, Ching-Pin as Chief internal auditor of the company. Effective date is February 25, 2024. Reported Earnings • Nov 15
Third quarter 2023 earnings released: NT$0.11 loss per share (vs NT$0.23 loss in 3Q 2022) Third quarter 2023 results: NT$0.11 loss per share (improved from NT$0.23 loss in 3Q 2022). Revenue: NT$2.29b (up 1.2% from 3Q 2022). Net loss: NT$37.5m (loss narrowed 52% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. New Risk • Oct 10
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 5.9% 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. Reported Earnings • Aug 18
Second quarter 2023 earnings released: NT$0.085 loss per share (vs NT$0.11 loss in 2Q 2022) Second quarter 2023 results: NT$0.085 loss per share (improved from NT$0.11 loss in 2Q 2022). Revenue: NT$2.22b (down 22% from 2Q 2022). Net loss: NT$28.2m (loss narrowed 25% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2022 earnings released: NT$0.24 loss per share (vs NT$0.89 profit in FY 2021) Full year 2022 results: NT$0.24 loss per share (down from NT$0.89 profit in FY 2021). Revenue: NT$9.62b (down 10% from FY 2021). Net loss: NT$116.1m (down 127% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released: NT$0.17 loss per share (vs NT$0.23 profit in 3Q 2021) Third quarter 2022 results: NT$0.17 loss per share (down from NT$0.23 profit in 3Q 2021). Revenue: NT$2.26b (down 6.1% from 3Q 2021). Net loss: NT$78.8m (down 170% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.078 loss per share (vs NT$0.31 profit in 2Q 2021) Second quarter 2022 results: NT$0.078 loss per share (down from NT$0.31 profit in 2Q 2021). Revenue: NT$2.84b (down 14% from 2Q 2021). Net loss: NT$37.6m (down 125% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 17% share price gain to NT$9.48, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 13x in the Machinery industry in Taiwan. Total returns to shareholders of 43% over the past three years. Announcement • Jun 07
Tycoons Group Enterprise Co.,Ltd. Announces Chief Internal Auditor Changes The board of directors of Tycoons Group Enterprise Co.,Ltd. approved Kao, Ching-Pin /Stock affair specialist resumed the position of Chief Internal Auditor in place of Liang, Ya-Chun. Effective date is June 6, 2022. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$0.08 (vs NT$0.40 in 1Q 2021) First quarter 2022 results: EPS: NT$0.08 (down from NT$0.40 in 1Q 2021). Revenue: NT$2.35b (down 21% from 1Q 2021). Net income: NT$37.7m (down 80% from 1Q 2021). Profit margin: 1.6% (down from 6.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: NT$0.89 (vs NT$0.39 loss in FY 2020) Full year 2021 results: EPS: NT$0.89 (up from NT$0.39 loss in FY 2020). Revenue: NT$10.7b (up 35% from FY 2020). Net income: NT$425.9m (up NT$611.6m from FY 2020). Profit margin: 4.0% (up from net loss in FY 2020). The move to profitability was driven by higher 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 27% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
Tycoons Group Enterprise Co.,Ltd., Annual General Meeting, May 26, 2022 Tycoons Group Enterprise Co.,Ltd., Annual General Meeting, May 26, 2022. Location: No.79-1, Xinle St., Gangshan Dist. Kaohsiung City Taiwan Agenda: To consider 2021 business report; to consider Audit Committee's review of the 2021 annual final accounting books and statements; to consider Report on amendments to the Company's Operational Procedures for Ethical Conduct; to consider Acknowledgment of the 2021 annual final accounting books and statements; to consider Acknowledgment of the proposal for 2021 deficit compensation; and to consider other matters. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.23 (vs NT$0.068 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.41b (up 27% from 3Q 2020). Net income: NT$112.0m (up 245% from 3Q 2020). Profit margin: 4.7% (up from 1.7% in 3Q 2020). The increase in margin was driven by higher revenue. 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 29% per year, which means it is well ahead of earnings. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.14 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$3.29b (up 52% from 2Q 2020). Net income: NT$149.5m (up NT$218.5m from 2Q 2020). Profit margin: 4.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 18% share price gain to NT$15.15, the stock trades at a trailing P/E ratio of 73.5x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 62% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.20 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$2.97b (up 39% from 1Q 2020). Net income: NT$190.7m (up NT$284.6m from 1Q 2020). Profit margin: 6.4% (up from net loss in 1Q 2020). 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 92 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 27
Full year 2020 earnings released: NT$0.39 loss per share (vs NT$1.40 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: NT$7.93b (down 31% from FY 2019). Net loss: NT$185.6m (loss narrowed 72% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 18
New 90-day high: NT$6.45 The company is up 9.0% from its price of NT$5.91 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. Is New 90 Day High Low • Nov 30
New 90-day high: NT$6.30 The company is up 25% from its price of NT$5.02 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.07 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.90b (down 28% from 3Q 2019). Net income: NT$32.4m (up NT$199.2m from 3Q 2019). Profit margin: 1.7% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. 
