Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Chun-Jen Huang was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$8.33, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 15x in the Leisure industry in Taiwan. Total loss to shareholders of 30% over the past three years. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 46% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (NT$483.0m market cap, or US$15.4m). New Risk • Jan 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Earnings have declined by 46% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$510.0m market cap, or US$16.1m). Announcement • Jan 14
Joy Industrial Co., Ltd., Annual General Meeting, Jun 30, 2026 Joy Industrial Co., Ltd., Annual General Meeting, Jun 30, 2026. Location: no,508, sec.4 ch`ang p`ing rd., hsi pao li, daya district, taichung city Taiwan New Risk • Sep 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$396.6m market cap, or US$13.1m). New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 46% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$465.6m market cap, or US$15.5m). New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (NT$466.8m market cap, or US$15.6m). Board Change • Jul 21
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. 5 experienced directors. 2 highly experienced directors. No independent directors (6 non-independent directors). Director Rong He was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 32% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (NT$591.6m market cap, or US$18.0m). Announcement • Jan 15
Joy Industrial Co., Ltd., Annual General Meeting, Jun 18, 2025 Joy Industrial Co., Ltd., Annual General Meeting, Jun 18, 2025, at 09:30 Taipei Standard Time. Location: no,508, sec.4 ch`ang p`ing rd., hsi pao li, daya district, taichung city Taiwan Reported Earnings • Apr 28
Full year 2023 earnings released: NT$1.87 loss per share (vs NT$0.81 profit in FY 2022) Full year 2023 results: NT$1.87 loss per share (down from NT$0.81 profit in FY 2022). Revenue: NT$937.3m (down 36% from FY 2022). Net loss: NT$112.3m (down 332% from profit in FY 2022). 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. Announcement • Apr 11
Joy Industrial Co., Ltd., Annual General Meeting, Jun 28, 2024 Joy Industrial Co., Ltd., Annual General Meeting, Jun 28, 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: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$663.0m market cap, or US$21.0m). Board Change • Nov 09
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. 4 experienced directors. 2 highly experienced directors. No independent directors (5 non-independent directors). Director Rong He was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 20
Upcoming dividend of NT$0.40 per share at 3.7% yield Eligible shareholders must have bought the stock before 27 September 2023. Payment date: 25 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.9%). Reported Earnings • Apr 22
Full year 2022 earnings released: EPS: NT$0.81 (vs NT$1.55 in FY 2021) Full year 2022 results: EPS: NT$0.81 (down from NT$1.55 in FY 2021). Revenue: NT$1.47b (down 6.3% from FY 2021). Net income: NT$48.4m (down 45% from FY 2021). Profit margin: 3.3% (down from 5.6% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging 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. 5 experienced directors. 2 highly experienced directors. No independent directors (6 non-independent directors). Director Rong He was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 11
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 18 October 2022. Payment date: 18 November 2022. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (7.0%). Lower than average of industry peers (4.7%). Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.30 (vs NT$0.26 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.30 (up from NT$0.26 in 2Q 2021). Revenue: NT$466.5m (up 34% from 2Q 2021). Net income: NT$17.7m (up 23% from 2Q 2021). Profit margin: 3.8% (down from 4.1% in 2Q 2021). The decrease in margin was driven by higher expenses. 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 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$13.95, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 14x in the Leisure industry in Taiwan. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 22% share price gain to NT$18.25, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 156% over the past three years. 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 (6 non-independent directors). Director Rong He was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 02
Joy Industrial Co., Ltd., Annual General Meeting, Jun 28, 2022 Joy Industrial Co., Ltd., Annual General Meeting, Jun 28, 2022. Upcoming Dividend • Sep 10
Upcoming dividend of NT$0.55 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 25 October 2021. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%). Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$13.70, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 18x in the Leisure industry in Taiwan. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 26% share price gain to NT$16.50, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 25x in the Leisure industry in Taiwan. Total returns to shareholders of 96% over the past three years. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS NT$0.67 (vs NT$0.19 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.11b (up 1.0% from FY 2019). Net income: NT$37.8m (up NT$48.6m from FY 2019). Profit margin: 3.4% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 26
New 90-day high: NT$12.35 The company is up 24% from its price of NT$9.95 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improved over the past week After last week's 26% share price gain to NT$12.35, the stock is trading at a trailing P/E ratio of 40.9x, up from the previous P/E ratio of 32.5x. This compares to an average P/E of 24x in the Leisure industry in Taiwan. Total returns to shareholders over the past three years are 4.1%. Announcement • Feb 21
Joy Industrial Co., Ltd., Annual General Meeting, Jun 24, 2021 Joy Industrial Co., Ltd., Annual General Meeting, Jun 24, 2021. Is New 90 Day High Low • Feb 01
New 90-day low: NT$9.70 The company is down 3.0% from its price of NT$10.00 on 04 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 1.0% over the same period.