Reported Earnings • May 13
First quarter 2026 earnings released: EPS: NT$0.83 (vs NT$1.15 in 1Q 2025) First quarter 2026 results: EPS: NT$0.83 (down from NT$1.15 in 1Q 2025). Revenue: NT$678.1m (down 16% from 1Q 2025). Net income: NT$69.8m (down 28% from 1Q 2025). Profit margin: 10% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
King Chou Marine Technology Co., Ltd., Annual General Meeting, Jun 16, 2026 King Chou Marine Technology Co., Ltd., Annual General Meeting, Jun 16, 2026. Location: 4 floor no,5, chung shan 2nd rd., cianjhen district, kaohsiung city Taiwan Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$6.13 (vs NT$4.42 in FY 2024) Full year 2025 results: EPS: NT$6.13 (up from NT$4.42 in FY 2024). Revenue: NT$3.49b (up 13% from FY 2024). Net income: NT$515.1m (up 39% from FY 2024). Profit margin: 15% (up from 12% 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 10% per year and the company’s share price has also increased by 10% per year. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$1.43 (vs NT$1.26 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.43 (up from NT$1.26 in 3Q 2024). Revenue: NT$871.6m (up 5.5% from 3Q 2024). Net income: NT$120.5m (up 14% from 3Q 2024). Profit margin: 14% (up from 13% in 3Q 2024). 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 but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: NT$2.11 (vs NT$1.29 in 2Q 2024) Second quarter 2025 results: EPS: NT$2.11 (up from NT$1.29 in 2Q 2024). Revenue: NT$860.4m (up 10% from 2Q 2024). Net income: NT$177.3m (up 64% from 2Q 2024). Profit margin: 21% (up from 14% 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 11% per year whereas the company’s share price has increased by 13% per year. Announcement • Jun 20
King Chou Marine Technology Co., Ltd. Announces Remuneration Committee Changes, Effective June 19, 2025 On June 19, 2025, King Chou Marine Technology Co., Ltd. announced remuneration committee changes, effective June 19, 2025. Name of the previous position holder: Chin-Tsen Chang, Hong-Chih Sun, Su-Ching Chang. Resume of the previous position holder: Chin-Tsen Chang: Independent Director of the Company. Hong-Chih Sun: Independent Director of the Company. Su-Ching Chang: Independent Director of the Company. Name of the new position holder:
Su-Ching Chang, Fu-Sheng Huang, Yung-Fu Cho. Resume of the new position holder: Su-Ching Chang: Independent Director of the Company. Fu-Sheng Huang: Independent Director of the Company. Yung-Fu Cho: Independent Director of the Company. Reason for the change: In conjunction with the full board re-election due to the expiration of directors--terms. Original term from June 23, 2022 to June 13, 2025. Declared Dividend • Jun 20
Dividend increased to NT$2.80 Dividend of NT$2.80 is 40% higher than last year. Ex-date: 3rd July 2025 Payment date: 25th July 2025 Dividend yield will be 5.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$1.15 (vs NT$0.44 in 1Q 2024) First quarter 2025 results: EPS: NT$1.15 (up from NT$0.44 in 1Q 2024). Revenue: NT$806.6m (up 43% from 1Q 2024). Net income: NT$96.5m (up 161% from 1Q 2024). Profit margin: 12% (up from 6.6% 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 11% per year whereas the company’s share price has increased by 14% per year. Announcement • May 01
King Chou Marine Technology Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 King Chou Marine Technology Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$4.41 (vs NT$3.70 in FY 2023) Full year 2024 results: EPS: NT$4.41 (up from NT$3.70 in FY 2023). Revenue: NT$3.09b (up 5.3% from FY 2023). Net income: NT$370.7m (up 20% from FY 2023). Profit margin: 12% (up from 11% 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 10% per year whereas the company’s share price has increased by 9% per year. Announcement • Mar 14
King Chou Marine Technology Co., Ltd., Annual General Meeting, Jun 10, 2025 King Chou Marine Technology Co., Ltd., Annual General Meeting, Jun 10, 2025. Location: 4 floor no,5, chung shan 2nd rd., cianjhen district, kaohsiung city Taiwan Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: NT$1.26 (vs NT$1.03 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.26 (up from NT$1.03 in 3Q 2023). Revenue: NT$826.6m (up 3.2% from 3Q 2023). Net income: NT$106.0m (up 23% from 3Q 2023). Profit margin: 13% (up from 11% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
King Chou Marine Technology Co., Ltd. to Report Q3, 2024 Results on Nov 07, 2024 King Chou Marine Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 07, 2024 Buy Or Sell Opportunity • Oct 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.2% to NT$41.15. The fair value is estimated to be NT$34.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 6.4%. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$1.28 (vs NT$0.87 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.28 (up from NT$0.87 in 2Q 2023). Revenue: NT$781.3m (flat on 2Q 2023). Net income: NT$107.9m (up 47% from 2Q 2023). Profit margin: 14% (up from 9.4% in 2Q 2023). 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 4% per year. Buy Or Sell Opportunity • Aug 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to NT$39.25. The fair value is estimated to be NT$32.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 5.1%. Announcement • Jul 31
King Chou Marine Technology Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 King Chou Marine Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 New Risk • Jul 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$97.3m) 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. 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. Market cap is less than US$100m (NT$3.17b market cap, or US$97.3m). Upcoming Dividend • Jul 05
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 09 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.1%). Declared Dividend • Jun 20
Dividend reduced to NT$2.00 Dividend of NT$2.00 is 31% lower than last year. Ex-date: 9th July 2024 Payment date: 31st July 2024 Dividend yield will be 5.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 40% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.5% EPS decline seen over the last 5 years. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: NT$3.69 (vs NT$4.80 in FY 2022) Full year 2023 results: EPS: NT$3.69 (down from NT$4.80 in FY 2022). Revenue: NT$2.94b (down 10% from FY 2022). Net income: NT$310.3m (down 23% from FY 2022). Profit margin: 11% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. 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. Announcement • Mar 14
King Chou Marine Technology Co., Ltd., Annual General Meeting, Jun 12, 2024 King Chou Marine Technology Co., Ltd., Annual General Meeting, Jun 12, 2024. Location: Kaohsiung Business Convention Center 4F., No. 5, Zhongshan 2nd Rd., Qianzhen Dist., Kaohsiung City, Taiwan Kaohsiung City Taiwan Agenda: To report the 2023 operation report; To report the Audit Committee's review report on 2023 financial statements; To report the distribution of 2023 compensation to employees and Directors; To report the amendments to the Procedures for Ethical Management and Guidelines for Conduct; to accept the 2023 operation report and financial statements; to approve the proposal for 2023 earnings distribution. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.87 (vs NT$1.19 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.87 (down from NT$1.19 in 2Q 2022). Revenue: NT$782.5m (down 1.8% from 2Q 2022). Net income: NT$73.2m (down 27% from 2Q 2022). Profit margin: 9.4% (down from 13% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. 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 8% per year. Upcoming Dividend • Jun 26
Upcoming dividend of NT$2.90 per share at 6.7% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.4%). Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: NT$4.80 (vs NT$3.12 in FY 2021) Full year 2022 results: EPS: NT$4.80 (up from NT$3.12 in FY 2021). Revenue: NT$3.27b (up 37% from FY 2021). Net income: NT$403.0m (up 54% from FY 2021). Profit margin: 12% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: NT$1.19 (vs NT$1.18 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.19 (up from NT$1.18 in 2Q 2021). Revenue: NT$797.1m (up 21% from 2Q 2021). Net income: NT$100.3m (flat on 2Q 2021). Profit margin: 13% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% 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. Upcoming Dividend • Jul 21
Upcoming dividend of NT$2.10 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 17 August 2022. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 6.1%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.0%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.42 (vs NT$1.12 in 1Q 2021) First quarter 2022 results: EPS: NT$0.42 (down from NT$1.12 in 1Q 2021). Revenue: NT$603.4m (down 12% from 1Q 2021). Net income: NT$35.6m (down 62% from 1Q 2021). Profit margin: 5.9% (down from 14% 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 6% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$3.12 (down from NT$3.76 in FY 2020). Revenue: NT$2.38b (down 9.6% from FY 2020). Net income: NT$261.8m (down 17% from FY 2020). Profit margin: 11% (down from 12% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Buying Opportunity • Mar 15
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be NT$43.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Buying Opportunity • Feb 21
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be NT$43.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Buying Opportunity • Jan 19
Now 20% undervalued Over the last 90 days, the stock is up 1.4%. The fair value is estimated to be NT$44.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.43 (vs NT$1.89 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$493.4m (down 36% from 3Q 2020). Net income: NT$36.3m (down 77% from 3Q 2020). Profit margin: 7.3% (down from 21% in 3Q 2020). 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. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$1.18 (vs NT$1.03 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: NT$660.6m (down 4.3% from 2Q 2020). Net income: NT$99.3m (up 15% from 2Q 2020). Profit margin: 15% (up from 13% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Aug 03
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 10 August 2021. Payment date: 27 August 2021. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.4%). Reported Earnings • May 11
First quarter 2021 earnings released: EPS NT$1.12 (vs NT$0.28 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$687.0m (up 43% from 1Q 2020). Net income: NT$94.0m (up 304% from 1Q 2020). Profit margin: 14% (up from 4.8% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Announcement • Mar 18
King Chou Marine Technology Co., Ltd., Annual General Meeting, Jun 07, 2021 King Chou Marine Technology Co., Ltd., Annual General Meeting, Jun 07, 2021. Reported Earnings • Mar 16
Full year 2020 earnings released: EPS NT$3.76 (vs NT$3.59 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$2.63b (down 9.2% from FY 2019). Net income: NT$315.6m (up 4.8% from FY 2019). Profit margin: 12% (up from 10% in FY 2019). 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 whereas the company’s share price has increased by 4% per year. Is New 90 Day High Low • Feb 19
New 90-day high: NT$33.35 The company is up 2.0% from its price of NT$32.65 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: NT$32.95 The company is up 7.0% from its price of NT$30.90 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 4.0% over the same period. Reported Earnings • Nov 10
Third quarter 2020 earnings released: EPS NT$1.89 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$766.0m (up 3.1% from 3Q 2019). Net income: NT$158.9m (up 123% from 3Q 2019). Profit margin: 21% (up from 9.6% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.