Declared Dividend • Jun 20
Dividend of NT$7.00 announced Dividend of NT$7.00 is the same as last year. Ex-date: 30th July 2026 Payment date: 28th August 2026 Dividend yield will be 5.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 19
First quarter 2026 earnings released: EPS: NT$2.22 (vs NT$2.16 in 1Q 2025) First quarter 2026 results: EPS: NT$2.22 (up from NT$2.16 in 1Q 2025). Revenue: NT$1.08b (up 13% from 1Q 2025). Net income: NT$184.5m (up 2.6% from 1Q 2025). Profit margin: 17% (down from 19% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$8.15 (vs NT$8.67 in FY 2024) Full year 2025 results: EPS: NT$8.15 (down from NT$8.67 in FY 2024). Revenue: NT$3.99b (up 1.7% from FY 2024). Net income: NT$678.1m (down 5.9% from FY 2024). Profit margin: 17% (down from 18% in FY 2024). The decrease in margin was driven by higher 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. Announcement • Mar 05
NAK Sealing Technologies Corporation, Annual General Meeting, May 21, 2026 NAK Sealing Technologies Corporation, Annual General Meeting, May 21, 2026, at 09:30 Taipei Standard Time. Location: 3 floor no,336, kung yeh rd., nantou city, nantou county Taiwan Buy Or Sell Opportunity • Mar 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to NT$119. The fair value is estimated to be NT$96.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Jan 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.6% to NT$114. The fair value is estimated to be NT$94.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years, while earnings per share has been flat. New Risk • Nov 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 108% Dividend yield: 6.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$1.63 (vs NT$2.00 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.63 (down from NT$2.00 in 2Q 2024). Revenue: NT$1.02b (up 2.9% from 2Q 2024). Net income: NT$135.2m (down 19% from 2Q 2024). Profit margin: 13% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Upcoming Dividend • Jul 24
Upcoming dividend of NT$7.00 per share Eligible shareholders must have bought the stock before 31 July 2025. Payment date: 28 August 2025. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%). Declared Dividend • Jun 25
Dividend of NT$7.00 announced Dividend of NT$7.00 is the same as last year. Ex-date: 31st July 2025 Payment date: 28th August 2025 Dividend yield will be 6.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: NT$2.16 (vs NT$2.27 in 1Q 2024) First quarter 2025 results: EPS: NT$2.16 (down from NT$2.27 in 1Q 2024). Revenue: NT$954.9m (flat on 1Q 2024). Net income: NT$179.8m (down 4.8% from 1Q 2024). Profit margin: 19% (down from 20% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Announcement • May 03
NAK Sealing Technologies Corporation to Report Q1, 2025 Results on May 13, 2025 NAK Sealing Technologies Corporation announced that they will report Q1, 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$98.80, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 16x in the Machinery industry in Taiwan. Total returns to shareholders of 30% over the past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$8.67 (vs NT$11.78 in FY 2023) Full year 2024 results: EPS: NT$8.67 (down from NT$11.78 in FY 2023). Revenue: NT$3.92b (down 18% from FY 2023). Net income: NT$720.8m (down 26% from FY 2023). Profit margin: 18% (down from 21% in FY 2023). The decrease in margin was driven by lower 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 11% per year. Announcement • Mar 14
NAK Sealing Technologies Corporation, Annual General Meeting, Jun 13, 2025 NAK Sealing Technologies Corporation, Annual General Meeting, Jun 13, 2025. Location: 4 floor no,336, kung yeh rd., nantou city, nantou county Taiwan Buy Or Sell Opportunity • Feb 10
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at NT$115. The fair value is estimated to be NT$144, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 20%. Buy Or Sell Opportunity • Nov 28
Now 21% undervalued Over the last 90 days, the stock has risen 1.3% to NT$115. The fair value is estimated to be NT$145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 20%. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$2.05 (vs NT$3.50 in 3Q 2023) Third quarter 2024 results: EPS: NT$2.05 (down from NT$3.50 in 3Q 2023). Revenue: NT$980.9m (down 21% from 3Q 2023). Net income: NT$170.5m (down 41% from 3Q 2023). Profit margin: 17% (down from 24% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Oct 30
NAK Sealing Technologies Corporation to Report Q3, 2024 Results on Nov 12, 2024 NAK Sealing Technologies Corporation announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$2.00 (vs NT$3.37 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.00 (down from NT$3.37 in 2Q 2023). Revenue: NT$987.4m (down 23% from 2Q 2023). Net income: NT$166.2m (down 41% from 2Q 2023). Profit margin: 17% (down from 22% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Aug 01
NAK Sealing Technologies Corporation to Report Q2, 2024 Results on Aug 09, 2024 NAK Sealing Technologies Corporation announced that they will report Q2, 2024 results on Aug 09, 2024 Upcoming Dividend • Aug 01
Upcoming dividend of NT$7.00 per share Eligible shareholders must have bought the stock before 08 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.6%). Buy Or Sell Opportunity • Jul 04
Now 21% overvalued Over the last 90 days, the stock has fallen 4.1% to NT$130. The fair value is estimated to be NT$107, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%. Declared Dividend • Jun 29
Dividend increased to NT$7.00 Dividend of NT$7.00 is 25% higher than last year. Ex-date: 8th August 2024 Payment date: 30th August 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$2.27 (vs NT$2.54 in 1Q 2023) First quarter 2024 results: EPS: NT$2.27 (down from NT$2.54 in 1Q 2023). Revenue: NT$956.5m (down 15% from 1Q 2023). Net income: NT$189.0m (down 11% from 1Q 2023). Profit margin: 20% (up from 19% 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 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • May 03
NAK Sealing Technologies Corporation to Report Q1, 2024 Results on May 09, 2024 NAK Sealing Technologies Corporation announced that they will report Q1, 2024 results on May 09, 2024 Buy Or Sell Opportunity • Apr 23
Now 20% overvalued Over the last 90 days, the stock has fallen 1.9% to NT$127. The fair value is estimated to be NT$105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 19% in a year. Earnings are forecast to grow by 11% in the next year. Reported Earnings • Mar 19
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: NT$11.77 (up from NT$7.82 in FY 2022). Revenue: NT$4.79b (up 15% from FY 2022). Net income: NT$979.2m (up 51% from FY 2022). Profit margin: 21% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Mar 15
NAK Sealing Technologies Corporation, Annual General Meeting, Jun 20, 2024 NAK Sealing Technologies Corporation, Annual General Meeting, Jun 20, 2024. Upcoming Dividend • Jul 25
Upcoming dividend of NT$5.60 per share at 3.9% yield Eligible shareholders must have bought the stock before 01 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$143, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Machinery industry in Taiwan. Total returns to shareholders of 156% over the past three years. Reported Earnings • Mar 24
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: NT$7.82 (up from NT$6.49 in FY 2021). Revenue: NT$4.16b (up 7.8% from FY 2021). Net income: NT$650.2m (up 20% from FY 2021). Profit margin: 16% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: NT$1.49 (vs NT$1.91 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.49 (down from NT$1.91 in 2Q 2021). Revenue: NT$960.9m (down 1.7% from 2Q 2021). Net income: NT$124.2m (down 22% from 2Q 2021). Profit margin: 13% (down from 16% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. 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 8% per year. Upcoming Dividend • Aug 02
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 09 August 2022. Payment date: 26 August 2022. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (3.5%). Reported Earnings • May 16
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$1.68 (up from NT$1.50 in 1Q 2021). Revenue: NT$943.7m (up 8.3% from 1Q 2021). Net income: NT$139.2m (up 12% from 1Q 2021). Profit margin: 15% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$1.77 (vs NT$1.29 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$968.1m (up 33% from 3Q 2020). Net income: NT$147.5m (up 37% from 3Q 2020). Profit margin: 15% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$1.91 (vs NT$1.39 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$977.5m (up 37% from 2Q 2020). Net income: NT$158.7m (up 37% from 2Q 2020). Profit margin: 16% (in line with 2Q 2020). 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 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 06
Upcoming dividend of NT$4.20 per share Eligible shareholders must have bought the stock before 13 August 2021. Payment date: 03 September 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 17% share price gain to NT$108, the stock trades at a trailing P/E ratio of 19.5x. Average forward P/E is 15x in the Machinery industry in Taiwan. Total returns to shareholders of 48% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$1.50 (vs NT$0.61 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$871.1m (up 44% from 1Q 2020). Net income: NT$124.8m (up 147% from 1Q 2020). Profit margin: 14% (up from 8.3% 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 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$4.64 (vs NT$4.92 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$2.87b (down 4.7% from FY 2019). Net income: NT$385.8m (down 5.7% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Mar 19
NAK Sealing Technologies Corporation, Annual General Meeting, Jun 10, 2021 NAK Sealing Technologies Corporation, Annual General Meeting, Jun 10, 2021. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 20% share price gain to NT$87.60, the stock is trading at a trailing P/E ratio of 20.1x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 19x in the Machinery industry in Taiwan. Total returns to shareholders over the past three years are 10%. Is New 90 Day High Low • Feb 03
New 90-day high: NT$73.20 The company is up 14% from its price of NT$64.40 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: NT$68.80 The company is up 8.0% from its price of NT$64.00 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: NT$68.40 The company is up 6.0% from its price of NT$64.30 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 6.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.29 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$729.1m (down 2.3% from 3Q 2019). Net income: NT$107.5m (up 13% from 3Q 2019). Profit margin: 15% (up from 13% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 12
New 90-day high: NT$66.00 The company is up 3.0% from its price of NT$63.90 on 14 August 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: NT$63.50 The company is down 6.0% from its price of NT$67.60 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.