New Risk • Jun 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% 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 • Apr 30
First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$1.04 in 1Q 2025) First quarter 2026 results: EPS: NT$2.00 (up from NT$1.04 in 1Q 2025). Revenue: NT$7.16b (up 56% from 1Q 2025). Net income: NT$748.8m (up 177% from 1Q 2025). Profit margin: 11% (up from 5.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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. Declared Dividend • Mar 23
Dividend increased to NT$4.60 Dividend of NT$4.60 is 23% higher than last year. Ex-date: 9th April 2026 Payment date: 8th May 2026 Dividend yield will be 6.3%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 7.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 13
Da-Cin Construction Co.,Ltd., Annual General Meeting, Jun 09, 2026 Da-Cin Construction Co.,Ltd., Annual General Meeting, Jun 09, 2026. Location: 2 floor no,1, sec.5 shen yih rd., sinyi district, taipei city Taiwan Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$6.50 (vs NT$5.21 in FY 2024) Full year 2025 results: EPS: NT$6.50 (up from NT$5.21 in FY 2024). Revenue: NT$22.1b (up 50% from FY 2024). Net income: NT$1.69b (up 25% from FY 2024). Profit margin: 7.7% (down from 9.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$1.76 (vs NT$0.92 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.76 (up from NT$0.92 in 3Q 2024). Revenue: NT$5.55b (up 59% from 3Q 2024). Net income: NT$457.9m (up 92% from 3Q 2024). Profit margin: 8.3% (up from 6.8% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 46% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$1.04 (vs NT$0.89 in 1Q 2024) First quarter 2025 results: EPS: NT$1.04 (up from NT$0.89 in 1Q 2024). Revenue: NT$4.60b (up 37% from 1Q 2024). Net income: NT$270.4m (up 16% from 1Q 2024). Profit margin: 5.9% (down from 6.9% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 29
Da-Cin Construction Co.,Ltd. to Report Q1, 2025 Results on May 06, 2025 Da-Cin Construction Co.,Ltd. announced that they will report Q1, 2025 results on May 06, 2025 Buy Or Sell Opportunity • Apr 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.8% to NT$49.50. The fair value is estimated to be NT$64.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Declared Dividend • Mar 17
Dividend increased to NT$3.75 Dividend of NT$3.75 is 25% higher than last year. Ex-date: 1st April 2025 Payment date: 7th May 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 11
Full year 2024 earnings released: EPS: NT$5.21 (vs NT$3.77 in FY 2023) Full year 2024 results: EPS: NT$5.21 (up from NT$3.77 in FY 2023). Revenue: NT$14.7b (up 1.3% from FY 2023). Net income: NT$1.35b (up 14% from FY 2023). Profit margin: 9.2% (up from 8.2% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Mar 07
Da-Cin Construction Co.,Ltd., Annual General Meeting, Jun 05, 2025 Da-Cin Construction Co.,Ltd., Annual General Meeting, Jun 05, 2025. Location: 3 floor no,1, sec.5 shen yih rd., sinyi district, taipei city Taiwan Buy Or Sell Opportunity • Mar 07
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to NT$60.90. The fair value is estimated to be NT$49.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.0%. Announcement • Feb 27
Da-Cin Construction Co.,Ltd. to Report Q4, 2024 Results on Mar 06, 2025 Da-Cin Construction Co.,Ltd. announced that they will report Q4, 2024 results on Mar 06, 2025 Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: NT$0.92 (vs NT$0.87 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.92 (up from NT$0.87 in 3Q 2023). Revenue: NT$3.49b (down 7.3% from 3Q 2023). Net income: NT$238.9m (up 5.1% from 3Q 2023). Profit margin: 6.8% (up from 6.0% in 3Q 2023). 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 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$1.69 (vs NT$1.42 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.69 (up from NT$1.42 in 2Q 2023). Revenue: NT$4.34b (up 21% from 2Q 2023). Net income: NT$439.2m (up 19% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). 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 13% per year, which means it is well ahead of earnings. Announcement • Aug 01
Da-Cin Construction Co.,Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Da-Cin Construction Co.,Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Buy Or Sell Opportunity • Jul 01
Now 20% overvalued Over the last 90 days, the stock has fallen 4.6% to NT$55.70. The fair value is estimated to be NT$46.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.6%. Announcement • Jun 14
Da-Cin Construction Co.,Ltd. Approves Cash Dividend Da-Cin Construction Co.,Ltd. at its shareholders meeting held on 12 June 2024 approved cash dividend of TWD 3 per share. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$0.89 (vs NT$1.02 in 1Q 2023) First quarter 2024 results: EPS: NT$0.89 (down from NT$1.02 in 1Q 2023). Revenue: NT$3.36b (up 11% from 1Q 2023). Net income: NT$232.3m (down 12% from 1Q 2023). Profit margin: 6.9% (down from 8.7% in 1Q 2023). The decrease in margin was driven by higher expenses. 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 11% per year, which means it is well ahead of earnings. Announcement • Apr 28
Da-Cin Construction Co.,Ltd. to Report Q1, 2024 Results on May 06, 2024 Da-Cin Construction Co.,Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 06, 2024 Buy Or Sell Opportunity • Mar 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to NT$55.70. The fair value is estimated to be NT$46.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.0%. Declared Dividend • Mar 21
Final dividend of NT$3.00 announced Shareholders will receive a dividend of NT$3.00. Ex-date: 11th April 2024 Payment date: 15th May 2024 Dividend yield will be 9.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: NT$3.77 (vs NT$4.57 in FY 2022) Full year 2023 results: EPS: NT$3.77. Revenue: NT$14.5b (down 16% from FY 2022). Net income: NT$1.19b (flat on FY 2022). Profit margin: 8.2% (up from 6.9% in FY 2022). The increase in margin was driven by lower expenses. Announcement • Mar 06
Da-Cin Construction Co.,Ltd., Annual General Meeting, Jun 12, 2024 Da-Cin Construction Co.,Ltd., Annual General Meeting, Jun 12, 2024. Location: 2F,1 Hsin-Yi Road,Section 5, Taipei International Taipei City Taiwan Agenda: To consider 2023 Business Report; review of the fiscal year 2023 closing report by the Audit Committee; Distribution of remuneration to employees and Board of Directors in 2023; Report on the Status of Secured Corporate Bonds; Report on Rules of Porcedure for Board of Directors Meetings; Report on the distribution of cash dividends from ratained earnings for the fiscal year 2023; and to discuss other matters. Upcoming Dividend • Oct 12
Upcoming dividend of NT$2.00 per share at 7.3% yield Eligible shareholders must have bought the stock before 19 October 2023. Payment date: 09 November 2023. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (5.4%). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$1.14 (vs NT$0.98 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.14 (up from NT$0.98 in 2Q 2022). Revenue: NT$3.59b (down 19% from 2Q 2022). Net income: NT$370.0m (up 17% from 2Q 2022). Profit margin: 10% (up from 7.2% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 22
Da-Cin Construction Co.,Ltd. Announces Board Changes Da-Cin Construction Co.,Ltd. at it's shareholders meeting approved to elect Victor Wang and Hsin-Cheng Lin as independent directors. Upcoming Dividend • Apr 13
Upcoming dividend of NT$2.50 per share at 7.4% yield Eligible shareholders must have bought the stock before 20 April 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (4.9%). Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: NT$3.66 (vs NT$3.78 in FY 2021) Full year 2022 results: EPS: NT$3.66 (down from NT$3.78 in FY 2021). Revenue: NT$17.2b (up 16% from FY 2021). Net income: NT$1.19b (down 3.0% from FY 2021). Profit margin: 6.9% (down from 8.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Lin Xin-cheng was the last independent director to join the board, commencing their role in 2020. 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 04
Third quarter 2022 earnings released: EPS: NT$0.59 (vs NT$0.68 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.59 (down from NT$0.68 in 3Q 2021). Revenue: NT$4.53b (up 32% from 3Q 2021). Net income: NT$192.9m (down 12% from 3Q 2021). Profit margin: 4.3% (down from 6.4% in 3Q 2021). The decrease in margin was driven by higher expenses. 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 14% per year. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: NT$0.98 (vs NT$1.28 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.98 (down from NT$1.28 in 2Q 2021). Revenue: NT$4.41b (up 12% from 2Q 2021). Net income: NT$317.1m (down 24% from 2Q 2021). Profit margin: 7.2% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jun 11
Da-Cin Construction Co.,Ltd. Approves Cash Dividend for 2021 Da-Cin Construction Co.,Ltd. at its shareholders' meeting held on June 10, 2022, approved Cash dividend of TWD 2.5 per share for 2021. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: NT$0.86 (vs NT$0.68 in 1Q 2021) First quarter 2022 results: EPS: NT$0.86 (up from NT$0.68 in 1Q 2021). Revenue: NT$3.78b (up 23% from 1Q 2021). Net income: NT$280.0m (up 27% from 1Q 2021). Profit margin: 7.4% (up from 7.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Lin Xin-cheng was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 01
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 08 April 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (5.0%). Reported Earnings • Mar 10
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$3.78 (up from NT$3.74 in FY 2020). Revenue: NT$14.8b (down 2.0% from FY 2020). Net income: NT$1.22b (up 5.5% from FY 2020). Profit margin: 8.3% (up from 7.7% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.5%. 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 19% per year. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS NT$0.68 (vs NT$0.38 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.43b (up 4.6% from 3Q 2020). Net income: NT$219.0m (up 86% from 3Q 2020). Profit margin: 6.4% (up from 3.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS NT$1.28 (vs NT$1.72 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$3.95b (down 22% from 2Q 2020). Net income: NT$415.5m (down 21% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 05
Upcoming dividend of NT$2.51 per share Eligible shareholders must have bought the stock before 12 July 2021. Payment date: 30 July 2021. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (4.6%). Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$0.68 (vs NT$0.46 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$3.08b (up 32% from 1Q 2020). Net income: NT$220.1m (up 58% from 1Q 2020). Profit margin: 7.2% (up from 6.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Announcement • Mar 17
Da-Cin Construction Co.,Ltd., Annual General Meeting, Jun 16, 2021 Da-Cin Construction Co.,Ltd., Annual General Meeting, Jun 16, 2021. Reported Earnings • Mar 16
Full year 2020 earnings released: EPS NT$3.74 (vs NT$2.26 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$15.1b (up 40% from FY 2019). Net income: NT$1.16b (up 84% from FY 2019). Profit margin: 7.7% (up from 5.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Is New 90 Day High Low • Mar 16
New 90-day high: NT$29.60 The company is up 12% from a price of NT$26.50 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Exceeded the Construction industry, which is up 8.0% over the same period. Price Target Changed • Jan 21
Price target raised to NT$31.00 Up from NT$26.20, the current price target is provided by 1 analyst. The new target price is 21% above the current share price of NT$25.65. As of last close, the stock is up 17% over the past year. Is New 90 Day High Low • Jan 20
New 90-day low: NT$25.75 The company is down 1.0% from its price of NT$26.00 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is flat over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.37 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$3.28b (up 17% from 3Q 2019). Net income: NT$117.6m (down 26% from 3Q 2019). Profit margin: 3.6% (down from 5.7% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 09
New 90-day high: NT$27.85 The company is up 17% from its price of NT$23.90 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day high: NT$26.00 The company is up 11% from its price of NT$23.35 on 24 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 8.0% over the same period.