Upcoming Dividend • Jul 07
Upcoming dividend of NT$14.70 per share Eligible shareholders must have bought the stock before 14 July 2026. Payment date: 07 August 2026. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (6.1%). Declared Dividend • May 30
Dividend increased to NT$14.70 Dividend of NT$14.70 is 4.0% higher than last year. Ex-date: 14th July 2026 Payment date: 7th August 2026 Dividend yield will be 6.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 7.7% 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. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is similar to the EPS growth achieved over the last 5 years. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$3.19 in 1Q 2025) First quarter 2026 results: EPS: NT$3.00. Revenue: NT$643.7m (up 4.4% from 1Q 2025). Net income: NT$118.6m (up 12% from 1Q 2025). Profit margin: 18% (up from 17% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Professional Services industry in Asia. Announcement • Mar 02
104 Corporation, Annual General Meeting, May 27, 2026 104 Corporation, Annual General Meeting, May 27, 2026. Location: 3 floor no,119, pao chung rd., sindian district, new taipei city Taiwan Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: NT$14.70 (vs NT$14.14 in FY 2024) Full year 2025 results: EPS: NT$14.70 (up from NT$14.14 in FY 2024). Revenue: NT$2.67b (up 7.0% from FY 2024). Net income: NT$488.0m (up 4.0% from FY 2024). Profit margin: 18% (in line with FY 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$4.26 (vs NT$4.54 in 3Q 2024) Third quarter 2025 results: EPS: NT$4.26 (down from NT$4.54 in 3Q 2024). Revenue: NT$694.5m (up 4.4% from 3Q 2024). Net income: NT$141.4m (down 6.2% from 3Q 2024). Profit margin: 20% (down from 23% 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 4% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: NT$4.51 (vs NT$4.49 in 2Q 2024) Second quarter 2025 results: EPS: NT$4.51 (up from NT$4.49 in 2Q 2024). Revenue: NT$701.1m (up 7.6% from 2Q 2024). Net income: NT$149.4m (flat on 2Q 2024). Profit margin: 21% (down from 23% 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 4% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Jul 03
Upcoming dividend of NT$14.14 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (5.6%). Declared Dividend • May 31
Dividend increased to NT$14.14 Dividend of NT$14.14 is 3.9% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 6.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio). However, it is covered by cash flows (61% cash payout ratio). The dividend has increased by an average of 9.0% 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. The company's earnings per share (EPS) would need to grow by 7.5% to bring the payout ratio under control, which is less than the 11% EPS growth achieved over the last 5 years. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$3.19 (vs NT$2.72 in 1Q 2024) First quarter 2025 results: EPS: NT$3.19 (up from NT$2.72 in 1Q 2024). Revenue: NT$616.8m (up 9.6% from 1Q 2024). Net income: NT$106.0m (up 18% from 1Q 2024). Profit margin: 17% (up from 16% 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 4% per year whereas the company’s share price has increased by 6% per year. Announcement • May 01
104 Corporation to Report Q1, 2025 Results on May 08, 2025 104 Corporation announced that they will report Q1, 2025 results on May 08, 2025 Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: NT$14.14 (vs NT$13.61 in FY 2023) Full year 2024 results: EPS: NT$14.14 (up from NT$13.61 in FY 2023). Revenue: NT$2.50b (up 7.3% from FY 2023). Net income: NT$469.4m (up 3.9% from FY 2023). Profit margin: 19% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Announcement • Feb 27
104 Corporation, Annual General Meeting, May 28, 2025 104 Corporation, Annual General Meeting, May 28, 2025. Location: 3 floor no,119, pao chung rd., sindian district, new taipei city Taiwan Announcement • Feb 15
104 Corporation to Report Fiscal Year 2024 Results on Feb 26, 2025 104 Corporation announced that they will report fiscal year 2024 results on Feb 26, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$4.54 (vs NT$4.54 in 3Q 2023) Third quarter 2024 results: EPS: NT$4.54 (up from NT$4.54 in 3Q 2023). Revenue: NT$665.0m (up 5.8% from 3Q 2023). Net income: NT$150.7m (flat on 3Q 2023). Profit margin: 23% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Announcement • Nov 02
104 Corporation to Report Q3, 2024 Results on Nov 12, 2024 104 Corporation announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$4.49 (vs NT$3.86 in 2Q 2023) Second quarter 2024 results: EPS: NT$4.49 (up from NT$3.86 in 2Q 2023). Revenue: NT$651.8m (up 8.6% from 2Q 2023). Net income: NT$149.0m (up 16% from 2Q 2023). Profit margin: 23% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Announcement • Aug 10
104 Corporation Establishes Sustainable Development Committee 104 Corporation established sustainable development committee. Name and Resume of the new position holder: Chin-Li Lin-Director of Yunlin Elder Welfare Protection Association, Sean Lien-President of Tech Velocity, APAC, Chung-Huey Huang-Professor of Department of Accountancy, National Taipei University. Effective date of the new member: August 8, 2024. Announcement • Aug 02
104 Corporation to Report Q2, 2024 Results on Aug 08, 2024 104 Corporation announced that they will report Q2, 2024 results on Aug 08, 2024 Declared Dividend • Jun 15
Dividend of NT$13.61 announced Shareholders will receive a dividend of NT$13.61. Ex-date: 9th July 2024 Payment date: 8th August 2024 Dividend yield will be 5.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased by an average of 12% 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. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control, which is more than the 10.0% EPS growth achieved over the last 5 years. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$2.72 (vs NT$2.85 in 1Q 2023) First quarter 2024 results: EPS: NT$2.72 (down from NT$2.85 in 1Q 2023). Revenue: NT$562.8m (up 6.1% from 1Q 2023). Net income: NT$90.1m (down 4.8% from 1Q 2023). Profit margin: 16% (down from 18% in 1Q 2023). 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 whereas the company’s share price has increased by 14% per year. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: NT$13.61 (vs NT$13.42 in FY 2022) Full year 2023 results: EPS: NT$13.61 (up from NT$13.42 in FY 2022). Revenue: NT$2.33b (up 6.9% from FY 2022). Net income: NT$451.6m (up 1.4% from FY 2022). Profit margin: 19% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Announcement • Feb 28
104 Corporation, Annual General Meeting, May 30, 2024 104 Corporation, Annual General Meeting, May 30, 2024. Location: 3F, No.119, Baozhong Rd., Xindian Dist New Taipei City Taiwan Agenda: To consider The 2023 Business Report; to The 2023 Audit Committee's Review Report; and to The Report of the 2023 Employees and Directors' Compensation. Buy Or Sell Opportunity • Feb 26
Now 22% undervalued Over the last 90 days, the stock has risen 6.0% to NT$220. The fair value is estimated to be NT$282, however this is not to be taken as a buy 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 17%. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$3.86 (vs NT$4.02 in 2Q 2022) Second quarter 2023 results: EPS: NT$3.86 (down from NT$4.02 in 2Q 2022). Revenue: NT$600.4m (up 8.7% from 2Q 2022). Net income: NT$128.1m (down 4.1% from 2Q 2022). Profit margin: 21% (down from 24% in 2Q 2022). The decrease in margin was driven by higher expenses. 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 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 06
Upcoming dividend of NT$13.42 per share at 6.3% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 08 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (1.4%). Announcement • May 27
104 Corporation Announces Appointment of Wendy Chiang as Corporate Governance Officer 104 Corporation announced appointment of Wendy Chiang as Corporate Governance Officer with effect from May 25, 2023. Wendy Chiang, Accounting Officer of 104 Corporation. Announcement • May 26
104 Corporation Announces Dividend 104 Corporation announced dividend of TWD 445,259,484. Payment date of cash dividend distribution: August 8, 2023. Ex-rights (ex-dividend) trading date: July 13, 2023. Last date before book closure: July 14, 2023. Book closure starting date: July 15, 2023. Book closure ending date: July 19, 2023. Ex-rights (ex-dividend) record date: July 19, 2023. Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: NT$13.42 (vs NT$11.16 in FY 2021) Full year 2022 results: EPS: NT$13.42 (up from NT$11.16 in FY 2021). Revenue: NT$2.18b (up 18% from FY 2021). Net income: NT$445.3m (up 20% from FY 2021). Profit margin: 20% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. 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 Chung-Huey Huang was the last independent director to join the board, commencing their role in 2021. 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 06
Third quarter 2022 earnings released: EPS: NT$3.64 (vs NT$2.57 in 3Q 2021) Third quarter 2022 results: EPS: NT$3.64 (up from NT$2.57 in 3Q 2021). Revenue: NT$581.5m (up 27% from 3Q 2021). Net income: NT$120.8m (up 41% from 3Q 2021). Profit margin: 21% (up from 19% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of NT$11.16 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 08 August 2022. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (1.3%). Reported Earnings • May 09
First quarter 2022 earnings released: EPS: NT$3.70 (vs NT$3.13 in 1Q 2021) First quarter 2022 results: EPS: NT$3.70 (up from NT$3.13 in 1Q 2021). Revenue: NT$520.3m (up 19% from 1Q 2021). Net income: NT$122.8m (up 18% from 1Q 2021). Profit margin: 24% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% 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 Chung-Huey Huang was the last independent director to join the board, commencing their role in 2021. 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 • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$11.16 (up from NT$7.80 in FY 2020). Revenue: NT$1.85b (up 13% from FY 2020). Net income: NT$370.4m (up 43% from FY 2020). Profit margin: 20% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Announcement • Feb 24
104 Corporation, Annual General Meeting, May 26, 2022 104 Corporation, Annual General Meeting, May 26, 2022. Location: 104 Corporation( 3F, No.119, Baozhong Rd., Xindian Dist. New Taipei City Taiwan Agenda: To consider the 2021 business report; to consider the 2021 audit committee's review report; to consider the report of the 2021 employees, directors and supervisors' compensation; to consider the adoption of the 2021 business report and financial statements; to consider the adoption of the proposal for distribution of 2021 earnings; and to consider other matters. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS NT$2.57 (vs NT$2.45 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$459.4m (up 5.9% from 3Q 2020). Net income: NT$85.4m (up 4.9% from 3Q 2020). Profit margin: 19% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Executive Departure • Aug 18
Supervisor Mei-Fang Hsu has left the company On the 12th of August, Mei-Fang Hsu's tenure as Supervisor ended after 3.2 years in the role. We don't have any record of a personal shareholding under Mei-Fang's name. A total of 2 executives have left over the last 12 months. Executive Departure • Aug 18
Supervisor Zan-Syong Cai has left the company On the 12th of August, Zan-Syong Cai's tenure as Supervisor ended after 8.1 years in the role. We don't have any record of a personal shareholding under Zan-Syong's name. A total of 2 executives have left over the last 12 months. Upcoming Dividend • Aug 09
Upcoming dividend of NT$7.80 per share Eligible shareholders must have bought the stock before 16 August 2021. Payment date: 10 September 2021. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (0.8%). Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS NT$2.66 (vs NT$1.41 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$456.9m (up 17% from 2Q 2020). Net income: NT$88.4m (up 89% from 2Q 2020). Profit margin: 19% (up from 12% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$3.13 (vs NT$1.86 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$437.9m (up 10% from 1Q 2020). Net income: NT$104.0m (up 68% from 1Q 2020). Profit margin: 24% (up from 16% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS NT$7.80 (vs NT$8.62 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$1.63b (flat on FY 2019). Net income: NT$258.7m (down 9.5% from FY 2019). Profit margin: 16% (down from 18% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 26
104 Corporation, Annual General Meeting, May 27, 2021 104 Corporation, Annual General Meeting, May 27, 2021. Location: 104 Corporation( 3F, No.119, Baozhong Rd., Xindian Dist., New Taipei City Taiwan Agenda: To consider 2020 business report; to consider Supervisor's Review Report on the 2020 Financial Statements; to consider Report of the 2020 Employees, Directors and Supervisors' Compensation; to consider adoption of the 2020 Business Report and Financial Statements; and to consider other matters. Is New 90 Day High Low • Feb 19
New 90-day high: NT$165 The company is up 6.0% from its price of NT$155 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 10.0% over the same period. Is New 90 Day High Low • Feb 02
New 90-day high: NT$159 The company is up 9.0% from its price of NT$146 on 04 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Professional Services industry, which is also up 9.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: NT$158 The company is up 9.0% from its price of NT$145 on 29 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: NT$155 The company is up 2.0% from its price of NT$152 on 19 August 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 14% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$2.45 The company reported a solid third quarter result with improved revenues, although earnings and profit margins were flat. Third quarter 2020 results: Revenue: NT$433.9m (up 2.0% from 3Q 2019). Net income: NT$81.5m (flat on 3Q 2019). Profit margin: 19% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS NT$2.45 The company reported a solid third quarter result with improved revenues, although earnings and profit margins were flat. Third quarter 2020 results: Revenue: NT$433.9m (up 2.0% from 3Q 2019). Net income: NT$81.5m (flat on 3Q 2019). Profit margin: 19% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Is New 90 Day High Low • Oct 14
New 90-day low: NT$142 The company is down 8.0% from its price of NT$155 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 15% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$145 The company is down 11% from its price of NT$164 on 24 June 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 12% over the same period.