Upcoming Dividend • Jun 18
Upcoming dividend of NT$3.20 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 20 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.6%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.5%). Reported Earnings • May 13
First quarter 2026 earnings released: EPS: NT$0.69 (vs NT$1.34 in 1Q 2025) First quarter 2026 results: EPS: NT$0.69 (down from NT$1.34 in 1Q 2025). Revenue: NT$131.5m (down 20% from 1Q 2025). Net income: NT$21.5m (down 49% from 1Q 2025). Profit margin: 16% (down from 26% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year. Announcement • Mar 09
Ping Ho Environmental Technology Co., Ltd., Annual General Meeting, May 27, 2026 Ping Ho Environmental Technology Co., Ltd., Annual General Meeting, May 27, 2026. Location: 2 floor no,6, pen kung nan 1st rd., gangshan district, kaohsiung city Taiwan Declared Dividend • Mar 09
Dividend reduced to NT$3.20 Dividend of NT$3.20 is 8.6% lower than last year. Ex-date: 25th June 2026 Payment date: 20th July 2026 Dividend yield will be 7.4%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 5.3% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.2% EPS decline seen over the last 5 years. Announcement • Mar 07
Ping Ho Environmental Technology Co., Ltd. announces Annual dividend, payable on July 20, 2026 Ping Ho Environmental Technology Co., Ltd. announced Annual dividend of TWD 3.2000 per share payable on July 20, 2026, ex-date on June 25, 2026 and record date on June 28, 2026. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$0.93 (vs NT$1.03 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.93 (down from NT$1.03 in 3Q 2024). Revenue: NT$153.2m (down 3.3% from 3Q 2024). Net income: NT$28.9m (down 6.8% from 3Q 2024). Profit margin: 19% (in line with 3Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 10% 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. Board Change • Oct 28
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. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Tai-Long Chin was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jun 26
Ping Ho Environmental Technology Co., Ltd. Approves Board Appointments Ping Ho Environmental Technology Co., Ltd. at its AGM held on June 25, 2025, approved the appointment of Ming-Cheng Chung and Chin-Lan Huang as directors; Chi-Shan Hung, Tao-Min Chen and Tai-Long Chin as independent directors. Upcoming Dividend • Jun 19
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 22 July 2025. Payout ratio and cash payout ratio are on the higher end at 84% and 76% respectively. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.8%). Reported Earnings • May 18
First quarter 2025 earnings released: EPS: NT$1.34 (vs NT$1.06 in 1Q 2024) First quarter 2025 results: EPS: NT$1.34 (up from NT$1.06 in 1Q 2024). Revenue: NT$163.8m (up 8.6% from 1Q 2024). Net income: NT$41.8m (up 35% from 1Q 2024). Profit margin: 26% (up from 21% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 10% 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. Announcement • May 13
Ping Ho Environmental Technology Co., Ltd. announces Annual dividend, payable on July 22, 2025 Ping Ho Environmental Technology Co., Ltd. announced Annual dividend of TWD 3.5000 per share payable on July 22, 2025, ex-date on June 26, 2025 and record date on June 27, 2025. Announcement • May 03
Ping Ho Environmental Technology Co., Ltd. to Report Q1, 2025 Results on May 12, 2025 Ping Ho Environmental Technology Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025 Announcement • Mar 14
Ping Ho Environmental Technology Co., Ltd., Annual General Meeting, Jun 25, 2025 Ping Ho Environmental Technology Co., Ltd., Annual General Meeting, Jun 25, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,6, pen kung nan 1st rd., gangshan district, kaohsiung city Taiwan Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$3.89 (vs NT$4.76 in FY 2023) Full year 2024 results: EPS: NT$3.89 (down from NT$4.76 in FY 2023). Revenue: NT$635.0m (up 4.2% from FY 2023). Net income: NT$118.3m (down 15% from FY 2023). Profit margin: 19% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Announcement • Mar 04
Ping Ho Environmental Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025 Ping Ho Environmental Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025 Announcement • Jan 03
Ping Ho Environmental Technology Co., Ltd. Appoints Hung-Chieh Huang as Chief Sustainability Officer Ping Ho Environmental Technology Co., Ltd. announced that Hung-Chieh Huang(General Manager of the Company) has been appointed as Chief Sustainability Officer, effective January 2, 2025. Announcement • Dec 26
Ping Ho Environmental Technology Co., Ltd. Establishes Sustainable Development Committee Board of Directors of Ping Ho Environmental Technology Co., Ltd. approved the establishment of Sustainable Development Committee and appointment of the committee members. Name of the new position holder: Mr. Ming-Jen Hung, Mr. Hung-Chieh Huang, and Mr. Yi-Sheng Chen. Resume of the new position holder: Mr. Ming-Jen Hung: CEO of the Company, Mr. Hung-Chieh Huang: General Manager of the Company, and Mr. Yi-Sheng Chen: Accounting Supervisor of the Company. Circumstances of change: new appointment. Effective date of the new member: December 24, 2024. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: NT$1.03 (vs NT$1.35 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.03 (down from NT$1.35 in 3Q 2023). Revenue: NT$158.4m (up 5.3% from 3Q 2023). Net income: NT$31.0m (down 21% from 3Q 2023). Profit margin: 20% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Water Utilities industry in Asia. 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 4% per year. Announcement • Oct 30
Ping Ho Environmental Technology Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Ping Ho Environmental Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: NT$0.90 (vs NT$1.05 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.90 (down from NT$1.05 in 2Q 2023). Revenue: NT$158.1m (up 4.5% from 2Q 2023). Net income: NT$26.6m (down 13% from 2Q 2023). Profit margin: 17% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 62% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Announcement • Jul 31
Ping Ho Environmental Technology Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Ping Ho Environmental Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 New Risk • Jun 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Shareholders have been diluted in the past year (6.9% increase in shares outstanding). Market cap is less than US$100m (NT$2.06b market cap, or US$63.7m). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$1.06 (vs NT$1.02 in 1Q 2023) First quarter 2024 results: EPS: NT$1.06 (up from NT$1.02 in 1Q 2023). Revenue: NT$150.9m (flat on 1Q 2023). Net income: NT$31.1m (up 4.8% from 1Q 2023). Profit margin: 21% (in line with 1Q 2023). Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Announcement • May 18
Ping Ho Environmental Technology Co., Ltd. has completed an IPO in the amount of TWD 93.5 million. Ping Ho Environmental Technology Co., Ltd. has completed an IPO in the amount of TWD 93.5 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,700,000
Price\Range: TWD 55 Upcoming Dividend • Mar 27
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 03 April 2024. Payment date: 03 May 2024. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.7%). In line with average of industry peers (4.6%). Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: NT$4.76 (vs NT$5.20 in FY 2022) Full year 2023 results: EPS: NT$4.76 (down from NT$5.20 in FY 2022). Revenue: NT$609.2m (down 9.5% from FY 2022). Net income: NT$138.8m (down 8.5% from FY 2022). Profit margin: 23% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Announcement • Mar 14
Ping Ho Environmental Technology Co., Ltd., Annual General Meeting, Jun 07, 2024 Ping Ho Environmental Technology Co., Ltd., Annual General Meeting, Jun 07, 2024. New Risk • Feb 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.27b market cap, or US$71.8m). Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$79.50, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 14x in the Water Utilities industry in Asia. Total returns to shareholders of 32% over the past three years. New Risk • Aug 13
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$1.74b market cap, or US$54.6m). Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: NT$5.20 (vs NT$5.44 in FY 2021) Full year 2022 results: EPS: NT$5.20 (down from NT$5.44 in FY 2021). Revenue: NT$673.0m (up 12% from FY 2021). Net income: NT$151.8m (down 4.4% from FY 2021). Profit margin: 23% (down from 26% 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 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 06
Upcoming dividend of NT$4.00 per share at 6.0% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 11 May 2023. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (4.0%). Reported Earnings • Aug 16
First half 2022 earnings released: EPS: NT$2.22 (vs NT$2.15 in 1H 2021) First half 2022 results: EPS: NT$2.22 (up from NT$2.15 in 1H 2021). Revenue: NT$320.4m (up 15% from 1H 2021). Net income: NT$64.9m (up 3.2% from 1H 2021). Profit margin: 20% (down from 23% in 1H 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Jun 24
Upcoming dividend of NT$4.20 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 28 July 2022. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (3.9%). Upcoming Dividend • Jul 28
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 04 August 2021. Payment date: 25 August 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$3.85 (vs NT$4.84 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$490.8m (down 6.3% from FY 2019). Net income: NT$112.5m (down 20% from FY 2019). Profit margin: 23% (down from 27% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Mar 12
New 90-day low: NT$69.80 The company is down 3.0% from its price of NT$71.70 on 11 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 2.0% over the same period. Is New 90 Day High Low • Feb 06
New 90-day low: NT$70.00 The company is down 4.0% from its price of NT$72.70 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 6.0% over the same period. Announcement • Feb 05
Ping Ho Environmental Technology Company Co., Ltd., Annual General Meeting, Jun 15, 2021 Ping Ho Environmental Technology Company Co., Ltd., Annual General Meeting, Jun 15, 2021. Is New 90 Day High Low • Dec 16
New 90-day low: NT$71.00 The company is down 8.0% from its price of NT$77.50 on 17 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: NT$72.70 The company is down 9.0% from its price of NT$80.00 on 30 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: NT$74.70 The company is down 10.0% from its price of NT$82.95 on 07 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 7.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: NT$76.70 The company is down 1.0% from its price of NT$77.14 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is flat over the same period.