Declared Dividend • Jul 04
Dividend reduced to NT$0.40 Dividend of NT$0.40 is 60% lower than last year. Ex-date: 17th August 2026 Payment date: 10th September 2026 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$0.48 in 1Q 2025) First quarter 2026 results: EPS: NT$2.00 (up from NT$0.48 in 1Q 2025). Revenue: NT$237.6m (down 6.0% from 1Q 2025). Net income: NT$150.2m (up NT$125.8m from 1Q 2025). Profit margin: 63% (up from 9.7% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% 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. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$17.10, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Total loss to shareholders of 18% over the past three years. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$0.88 (vs NT$2.64 in FY 2024) Full year 2025 results: EPS: NT$0.88 (down from NT$2.64 in FY 2024). Revenue: NT$1.09b (down 3.1% from FY 2024). Net income: NT$44.6m (down 67% from FY 2024). Profit margin: 4.1% (down from 12% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Mar 10
Hakers Enterprise Co., Ltd., Annual General Meeting, May 29, 2026 Hakers Enterprise Co., Ltd., Annual General Meeting, May 29, 2026. Location: 1 floor no,6, sec.1 chung hsing rd., wugu district, new taipei city Taiwan Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.93 (vs NT$0.29 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.93 (up from NT$0.29 in 3Q 2024). Revenue: NT$292.9m (down 12% from 3Q 2024). Net income: NT$47.3m (up 222% from 3Q 2024). Profit margin: 16% (up from 4.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 03
Now 21% overvalued Over the last 90 days, the stock has fallen 3.9% to NT$17.20. The fair value is estimated to be NT$14.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 14%. Buy Or Sell Opportunity • Sep 12
Now 20% overvalued Over the last 90 days, the stock has fallen 7.7% to NT$17.50. The fair value is estimated to be NT$14.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 14%. Buy Or Sell Opportunity • Aug 20
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to NT$17.55. The fair value is estimated to be NT$14.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 14%. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$1.40 loss per share (vs NT$0.53 profit in 2Q 2024) Second quarter 2025 results: NT$1.40 loss per share (down from NT$0.53 profit in 2Q 2024). Revenue: NT$281.8m (up 14% from 2Q 2024). Net loss: NT$71.0m (down 366% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year. Upcoming Dividend • Aug 06
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 13 August 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.6%). Declared Dividend • Jul 06
Dividend increased to NT$1.00 Dividend of NT$1.00 is 45% higher than last year. Ex-date: 13th August 2025 Payment date: 5th September 2025 Dividend yield will be 5.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 52% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.48 (vs NT$0.63 in 1Q 2024) First quarter 2025 results: EPS: NT$0.48 (down from NT$0.63 in 1Q 2024). Revenue: NT$252.9m (up 5.9% from 1Q 2024). Net income: NT$24.4m (down 23% from 1Q 2024). Profit margin: 9.7% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 11% per year. Announcement • May 15
Hakers Enterprise Co., Ltd. Appoints Wu Pi-Huang as New Chief Internal Auditor Effective May 12, 2025 Hakers Enterprise Co., LTD. announced the appointment of Wu Pi-Huang as the new Chief Internal Auditor. Wu Pi-Huang previously held the position of Chief Internal Auditor at ACON-HOLDING INC. The change was approved by the Audit Committee and the Board of Directors on May 12, 2025, with the effective date being May 12, 2025. Announcement • May 03
Hakers Enterprise Co., Ltd. to Report Q1, 2025 Results on May 12, 2025 Hakers Enterprise Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$20.60, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Total returns to shareholders of 41% over the past three years. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$2.64 (vs NT$1.92 in FY 2023) Full year 2024 results: EPS: NT$2.64 (up from NT$1.92 in FY 2023). Revenue: NT$1.12b (down 4.3% from FY 2023). Net income: NT$133.6m (up 37% from FY 2023). Profit margin: 12% (up from 8.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 10
Hakers Enterprise Co., Ltd., Annual General Meeting, May 27, 2025 Hakers Enterprise Co., Ltd., Annual General Meeting, May 27, 2025. Location: 1 floor no,6, sec.1 chung hsing rd., wugu district, new taipei city Taiwan Announcement • Mar 01
Hakers Enterprise Co., Ltd. to Report Q4, 2024 Results on Mar 07, 2025 Hakers Enterprise Co., Ltd. announced that they will report Q4, 2024 results on Mar 07, 2025 New Risk • Nov 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 9.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (NT$1.12b market cap, or US$34.5m). Announcement • Nov 02
Hakers Enterprise Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024 Hakers Enterprise Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.53 (vs NT$0.59 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.53 (down from NT$0.59 in 2Q 2023). Revenue: NT$246.8m (down 17% from 2Q 2023). Net income: NT$26.7m (down 10.0% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$24.50, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 21x in the Luxury industry in Taiwan. Total returns to shareholders of 69% over the past three years. Upcoming Dividend • Aug 08
Upcoming dividend of NT$0.69 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.5%). In line with average of industry peers (3.3%). Announcement • Aug 02
Hakers Enterprise Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Hakers Enterprise Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Announcement • May 05
Hakers Enterprise Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Hakers Enterprise Co., Ltd. announced that they will report Q1, 2024 results at 12:00 PM, Taipei Standard Time on May 10, 2024 Reported Earnings • Mar 25
Full year 2023 earnings released: EPS: NT$1.92 (vs NT$3.41 in FY 2022) Full year 2023 results: EPS: NT$1.92 (down from NT$3.41 in FY 2022). Revenue: NT$1.18b (down 24% from FY 2022). Net income: NT$97.2m (down 44% from FY 2022). Profit margin: 8.3% (down from 11% 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 85% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Mar 16
Hakers Enterprise Co., Ltd., Annual General Meeting, Jun 12, 2024 Hakers Enterprise Co., Ltd., Annual General Meeting, Jun 12, 2024. Location: 1F, No. 6, Sec.1, Jung-shing RD., Wugu District, New Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider audit Committee's Review Report on the 2023 Financial Statements; to consider 2023 Employees Bonus and Directors Remuneration Appropriation; to consider the 2023 Business Report and Financial Statements; to consider the 2023 Earnings Distribution Plan; to consider Amendment to Rules Governing the Procedures for Shareholders Meetings; and to consider other matters. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.59 (vs NT$1.25 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.59 (down from NT$1.25 in 2Q 2022). Revenue: NT$296.9m (down 27% from 2Q 2022). Net income: NT$29.7m (down 53% from 2Q 2022). Profit margin: 10.0% (down from 16% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 27
Upcoming dividend of NT$0.30 per share at 1.2% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 05 September 2023. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.3%). Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: NT$3.41 (vs NT$2.04 loss in FY 2021) Full year 2022 results: EPS: NT$3.41 (up from NT$2.04 loss in FY 2021). Revenue: NT$1.54b (up 14% from FY 2021). Net income: NT$172.3m (up NT$275.4m from FY 2021). Profit margin: 11% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Ming-Cheng Chang 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. Lack of board continuity. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$1.44 (vs NT$0.12 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.44 (up from NT$0.12 in 3Q 2021). Revenue: NT$425.0m (up 7.0% from 3Q 2021). Net income: NT$72.8m (up NT$67.0m from 3Q 2021). Profit margin: 17% (up from 1.5% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 20% share price gain to NT$25.00, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 15x in the Luxury industry in Taiwan. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$21.30, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 15x in the Luxury industry in Taiwan. Total loss to shareholders of 4.7% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 16% share price gain to NT$33.45, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total returns to shareholders of 54% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.25 (vs NT$0.68 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$1.25 (up from NT$0.68 loss in 2Q 2021). Revenue: NT$408.9m (up 46% from 2Q 2021). Net income: NT$63.4m (up NT$98.0m from 2Q 2021). Profit margin: 16% (up from net loss in 2Q 2021). The move to profitability 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 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.62 (vs NT$0.61 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.62 (up from NT$0.61 loss in 1Q 2021). Revenue: NT$379.8m (up 37% from 1Q 2021). Net income: NT$31.2m (up NT$62.2m from 1Q 2021). Profit margin: 8.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Ming-Cheng Chang 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. Lack of board continuity. Reported Earnings • Apr 01
Full year 2021 earnings released: NT$2.04 loss per share (vs NT$0.17 loss in FY 2020) Full year 2021 results: NT$2.04 loss per share (down from NT$0.17 loss in FY 2020). Revenue: NT$1.35b (down 14% from FY 2020). Net loss: NT$103.1m (loss widened NT$94.2m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$0.12 (vs NT$0.75 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$397.2m (down 21% from 3Q 2020). Net income: NT$5.87m (down 85% from 3Q 2020). Profit margin: 1.5% (down from 7.6% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
Second quarter 2021 earnings released: NT$0.68 loss per share (vs NT$0.55 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$279.5m (down 31% from 2Q 2020). Net loss: NT$34.6m (down 225% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • May 13
First quarter 2021 earnings released: NT$0.61 loss per share (vs NT$0.69 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: NT$278.3m (down 22% from 1Q 2020). Net loss: NT$31.1m (loss narrowed 12% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2020 earnings released: NT$0.18 loss per share (vs NT$1.46 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: NT$1.57b (down 15% from FY 2019). Net loss: NT$8.86m (loss narrowed 88% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 26
New 90-day low: NT$14.90 The company is down 6.0% from its price of NT$15.90 on 29 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is flat over the same period. Is New 90 Day High Low • Dec 18
New 90-day low: NT$15.25 The company is down 16% from its price of NT$18.25 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 4.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.75 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$501.5m (down 17% from 3Q 2019). Net income: NT$38.0m (up NT$38.3m from 3Q 2019). Profit margin: 7.6% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 91% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 06
New 90-day low: NT$15.50 The company is down 2.0% from its price of NT$15.80 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 2.0% over the same period. 
