Reported Earnings • May 13
First quarter 2026 earnings released: EPS: NT$0.25 (vs NT$0.30 in 1Q 2025) First quarter 2026 results: EPS: NT$0.25 (down from NT$0.30 in 1Q 2025). Revenue: NT$1.62b (down 27% from 1Q 2025). Net income: NT$56.5m (down 17% from 1Q 2025). Profit margin: 3.5% (up from 3.1% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$1.23 (vs NT$0.97 in FY 2024) Full year 2025 results: EPS: NT$1.23 (up from NT$0.97 in FY 2024). Revenue: NT$10.3b (up 7.5% from FY 2024). Net income: NT$277.3m (up 27% from FY 2024). Profit margin: 2.7% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. 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 42% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
New Asia Construction & Development Corp., Annual General Meeting, Jun 17, 2026 New Asia Construction & Development Corp., Annual General Meeting, Jun 17, 2026. Location: b1 floor no,85, sec.4 luo szu fu rd., da-an district, taipei city Taiwan New Risk • Mar 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$98.9m) 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 • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.19 (vs NT$0.36 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.19 (down from NT$0.36 in 3Q 2024). Revenue: NT$2.62b (up 13% from 3Q 2024). Net income: NT$43.6m (down 47% from 3Q 2024). Profit margin: 1.7% (down from 3.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.021 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.08 (up from NT$0.021 in 2Q 2024). Revenue: NT$2.58b (up 11% from 2Q 2024). Net income: NT$18.4m (up 290% from 2Q 2024). Profit margin: 0.7% (up from 0.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Jun 12
New Asia Construction & Development Corp. Announces Board Changes New Asia Construction & Development Corp. at its AGM, held on June 11, 2025, approved Independent Directors: KAO FENG-CHI, Managing Partner of Kao & Associates International Law Firm, and directors: Kuo Toong International Co. Ltd. Rep; PAN JIN-CHIH, Director of Kuo Toong International Co. Ltd. and Kuo Toong International Co. Ltd. Rep, HUANG FU-CHEN, Vice President of Kuo Toong International Co. Ltd. Name and resume of the previous position holders: CHANG CHE-SAN, Director of New Asia Construction & Development Corp., WU HUI-CHUN, Director of New Asia Construction & Development Corp. and Independent Directors: CHEN TZU-HSIUN, Associate Professor of Department of Computer Science,Taipei City University of Science and Technology. Effective date of the new appointment: June 11, 2025. Reported Earnings • May 13
First quarter 2025 earnings released: EPS: NT$0.30 (vs NT$0.22 in 1Q 2024) First quarter 2025 results: EPS: NT$0.30 (up from NT$0.22 in 1Q 2024). Revenue: NT$2.22b (up 12% from 1Q 2024). Net income: NT$67.8m (up 36% from 1Q 2024). Profit margin: 3.1% (up from 2.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Announcement • May 01
New Asia Construction & Development Corp. to Report Q1, 2025 Results on May 08, 2025 New Asia Construction & Development Corp. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$19.80, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 16x in the Construction industry in Taiwan. Total returns to shareholders of 257% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$17.40, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 18x in the Construction industry in Taiwan. Total returns to shareholders of 198% over the past three years. Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$0.97 (vs NT$0.77 in FY 2023) Full year 2024 results: EPS: NT$0.97 (up from NT$0.77 in FY 2023). Revenue: NT$9.63b (up 12% from FY 2023). Net income: NT$218.7m (up 25% from FY 2023). Profit margin: 2.3% (up from 2.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 14
New Asia Construction & Development Corp., Annual General Meeting, Jun 11, 2025 New Asia Construction & Development Corp., Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: b1 floor no,85, sec.4 luo szu fu rd., da-an district, taipei city Taiwan Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$24.70, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 20x in the Construction industry in Taiwan. Total returns to shareholders of 326% over the past three years. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$19.85, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 17x in the Construction industry in Taiwan. Total returns to shareholders of 224% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to NT$17.70, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 17x in the Construction industry in Taiwan. Total returns to shareholders of 185% over the past three years. New Risk • Jan 14
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 6.1% 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 • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.36 (vs NT$0.31 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.36 (up from NT$0.31 in 3Q 2023). Revenue: NT$2.31b (flat on 3Q 2023). Net income: NT$81.9m (up 15% from 3Q 2023). Profit margin: 3.5% (up from 3.1% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.23 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.02 (down from NT$0.23 in 2Q 2023). Revenue: NT$2.32b (up 24% from 2Q 2023). Net income: NT$4.70m (down 91% from 2Q 2023). Profit margin: 0.2% (down from 2.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
New Asia Construction & Development Corp. to Report Q2, 2024 Results on Aug 08, 2024 New Asia Construction & Development Corp. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.27 in 1Q 2023) First quarter 2024 results: EPS: NT$0.22 (down from NT$0.27 in 1Q 2023). Revenue: NT$1.98b (flat on 1Q 2023). Net income: NT$49.9m (down 18% from 1Q 2023). Profit margin: 2.5% (down from 3.1% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 27% per year. New Risk • Apr 18
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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$2.91b market cap, or US$89.4m). Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$0.77 (vs NT$3.42 loss in FY 2022) Full year 2023 results: EPS: NT$0.77 (up from NT$3.42 loss in FY 2022). Revenue: NT$8.63b (up 26% from FY 2022). Net income: NT$174.4m (up NT$947.6m from FY 2022). Profit margin: 2.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 11
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 7.8% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 30% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.62b market cap, or US$50.3m). New Risk • Aug 19
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 Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$1.58b market cap, or US$49.5m). Reported Earnings • Mar 18
Full year 2022 earnings released: NT$3.42 loss per share (vs NT$0.47 profit in FY 2021) Full year 2022 results: NT$3.42 loss per share (down from NT$0.47 profit in FY 2021). Revenue: NT$6.86b (down 15% from FY 2021). Net loss: NT$773.1m (down NT$878.5m from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Nov 16
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. 3 experienced directors. No highly experienced 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: Insufficient board refreshment. Reported Earnings • Aug 16
Second quarter 2022 earnings released: NT$1.56 loss per share (vs NT$0.017 profit in 2Q 2021) Second quarter 2022 results: NT$1.56 loss per share (down from NT$0.017 profit in 2Q 2021). Revenue: NT$1.81b (down 12% from 2Q 2021). Net loss: NT$352.5m (down NT$356.3m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% 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. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.21 in 1Q 2021) First quarter 2022 results: EPS: NT$0.11 (down from NT$0.21 in 1Q 2021). Revenue: NT$1.47b (down 4.5% from 1Q 2021). Net income: NT$24.1m (down 49% from 1Q 2021). Profit margin: 1.6% (down from 3.1% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% 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 2021 earnings released: EPS: NT$0.47 (vs NT$3.11 loss in FY 2020) Full year 2021 results: EPS: NT$0.47 (up from NT$3.11 loss in FY 2020). Revenue: NT$8.04b (up 28% from FY 2020). Net income: NT$105.4m (up NT$808.8m from FY 2020). Profit margin: 1.3% (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 fallen by 60% 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 15
Third quarter 2021 earnings released: EPS NT$0.07 (vs NT$1.93 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$2.28b (up 19% from 3Q 2020). Net income: NT$15.0m (up NT$451.9m from 3Q 2020). Profit margin: 0.7% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.89 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$2.07b (up 33% from 2Q 2020). Net income: NT$3.77m (up NT$205.6m from 2Q 2020). Profit margin: 0.2% (up from net loss in 2Q 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 72 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.21 (vs NT$0.037 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.54b (up 54% from 1Q 2020). Net income: NT$47.3m (up 462% from 1Q 2020). Profit margin: 3.1% (up from 0.8% in 1Q 2020). The increase in margin was driven by higher revenue. 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 • Mar 26
Full year 2020 earnings released: NT$3.11 loss per share (vs NT$0.15 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$6.30b (down 14% from FY 2019). Net loss: NT$703.4m (down NT$736.9m from profit in FY 2019). 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 8% per year. Is New 90 Day High Low • Jan 04
New 90-day high: NT$5.40 The company is up 2.0% from its price of NT$5.30 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 5.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$1.93 loss per share The company reported a poor third quarter result with increased losses and weaker control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: NT$1.92b (flat on 3Q 2019). Net loss: NT$436.9m (loss widened NT$430.5m from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 13
New 90-day low: NT$5.06 The company is down 9.0% from its price of NT$5.54 on 14 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period. 
