Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$0.03 (vs NT$0.18 in 1Q 2025) First quarter 2026 results: EPS: NT$0.03 (down from NT$0.18 in 1Q 2025). Revenue: NT$171.1m (down 15% from 1Q 2025). Net income: NT$3.97m (down 83% from 1Q 2025). Profit margin: 2.3% (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 fallen by 57% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Mar 16
Universal Textile Co., Ltd., Annual General Meeting, Jun 01, 2026 Universal Textile Co., Ltd., Annual General Meeting, Jun 01, 2026, at 09:00 Taipei Standard Time. Location: 6 floor no,70-1, hsi ning n. rd., taipei city Taiwan Declared Dividend • Mar 16
Dividend of NT$0.50 announced Dividend of NT$0.50 is the same as last year. Ex-date: 1st April 2026 Payment date: 24th April 2026 Dividend yield will be 4.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (48% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Mar 14
Full year 2025 earnings released: NT$0.87 loss per share (vs NT$1.52 loss in FY 2024) Full year 2025 results: NT$0.87 loss per share (improved from NT$1.52 loss in FY 2024). Revenue: NT$770.1m (down 22% from FY 2024). Net loss: NT$113.2m (loss narrowed 43% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Mar 14
Universal Textile Co., Ltd. announces Annual dividend, payable on April 24, 2026 Universal Textile Co., Ltd. announced Annual dividend of TWD 0.5000 per share payable on April 24, 2026, ex-date on April 01, 2026 and record date on April 02, 2026. Buy Or Sell Opportunity • Jan 20
Now 27% overvalued Over the last 90 days, the stock has fallen 7.5% to NT$13.55. The fair value is estimated to be NT$10.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 0.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.9% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 9x cash flows per share. Minor Risk Market cap is less than US$100m (NT$1.97b market cap, or US$65.7m). Reported Earnings • May 18
First quarter 2025 earnings released: EPS: NT$0.18 (vs NT$0.005 in 1Q 2024) First quarter 2025 results: EPS: NT$0.18 (up from NT$0.005 in 1Q 2024). Revenue: NT$200.4m (down 17% from 1Q 2024). Net income: NT$23.2m (up NT$22.6m from 1Q 2024). Profit margin: 12% (up from 0.2% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 06
Universal Textile Co., Ltd. to Report Q1, 2025 Results on May 13, 2025 Universal Textile Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025 New Risk • Mar 28
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk 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. Minor Risk Market cap is less than US$100m (NT$2.16b market cap, or US$65.1m). Upcoming Dividend • Mar 20
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 27 March 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 15%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (3.4%). Announcement • Mar 14
Universal Textile Co., Ltd., Annual General Meeting, May 29, 2025 Universal Textile Co., Ltd., Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 6 floor no,70-1, hsi ning n. rd., taipei city Taiwan Reported Earnings • Nov 10
Third quarter 2024 earnings released: NT$0.14 loss per share (vs NT$0.08 profit in 3Q 2023) Third quarter 2024 results: NT$0.14 loss per share (down from NT$0.08 profit in 3Q 2023). Revenue: NT$271.8m (down 8.1% from 3Q 2023). Net loss: NT$18.6m (down 276% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Universal Textile Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024 Universal Textile Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024 Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$18.30, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 21x in the Luxury industry in Taiwan. Total returns to shareholders of 75% over the past three years. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.11 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.02 (down from NT$0.11 in 2Q 2023). Revenue: NT$266.0m (down 25% from 2Q 2023). Net income: NT$2.73m (down 81% from 2Q 2023). Profit margin: 1.0% (down from 4.0% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Universal Textile Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024 Universal Textile Co., Ltd. announced that they will report Q2, 2024 results on Aug 06, 2024 Buy Or Sell Opportunity • Jul 03
Now 35% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to NT$18.60. The fair value is estimated to be NT$28.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 18
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.7% to NT$20.35. The fair value is estimated to be NT$28.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jun 01
Universal Textile Co., Ltd. Approves the Cash Dividend, Payable on July 15, 2024 Universal Textile Co., Ltd. approved the cash dividend of TWD 326,665,085, TWD 2.5 per share. Ex-rights (ex-dividend) trading date is June 18, 2024, Ex-rights (ex-dividend) record date is June 24, 2024 and payment date of common stock cash dividend distribution is July 15, 2024. Declared Dividend • Jun 01
Dividend of NT$2.50 announced Shareholders will receive a dividend of NT$2.50. Ex-date: 18th June 2024 Payment date: 15th July 2024 Dividend yield will be 11%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 86% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 31
Universal Textile Co., Ltd. Announces Resignation of Nakanishi Ryoichi as Independent Director Universal Textile Co., Ltd. announced the Company's resignation of independent director. Title and name of the previous position holder: Independent Director: NAKANISHI RYOICHI. Buy Or Sell Opportunity • May 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.2% to NT$22.85. The fair value is estimated to be NT$28.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: NT$241.8m (down 40% from 1Q 2023). Net income: NT$604.0k (down 96% from 1Q 2023). Profit margin: 0.2% (down from 3.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 166% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • May 18
Universal Textile Co., Ltd. Announces Resignation of Yao, Pin-Nan as Director Universal Textile Co., Ltd. announced that the company's resignation of natural-person director. Title and name of the previous position holder: Director: YAO, PIN-NAN. Resume of the previous position holder: Director of UNNIVERSAL TEXTILE CO.,LTD. Announcement • May 03
Universal Textile Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Universal Textile Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 10, 2024 Buy Or Sell Opportunity • Apr 16
Now 20% undervalued Over the last 90 days, the stock has risen 12% to NT$21.90. The fair value is estimated to be NT$27.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 21
Now 21% undervalued Over the last 90 days, the stock has risen 5.9% to NT$21.60. The fair value is estimated to be NT$27.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: NT$7.72 (vs NT$0.084 in FY 2022) Full year 2023 results: EPS: NT$7.72 (up from NT$0.084 in FY 2022). Revenue: NT$1.38b (down 8.6% from FY 2022). Net income: NT$1.01b (up NT$997.4m from FY 2022). Profit margin: 73% (up from 0.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 152% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Mar 14
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 6.3% 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: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$2.88b market cap, or US$91.4m). Announcement • Mar 14
Universal Textile Co., Ltd., Annual General Meeting, May 30, 2024 Universal Textile Co., Ltd., Annual General Meeting, May 30, 2024. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$22.05, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 24x in the Luxury industry in Taiwan. Total returns to shareholders of 71% over the past three years. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.11 (vs NT$0.17 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.11 (up from NT$0.17 loss in 2Q 2022). Revenue: NT$353.8m (down 2.1% from 2Q 2022). Net income: NT$14.0m (up NT$36.7m from 2Q 2022). Profit margin: 4.0% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. 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 32% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jun 30
Now 21% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be NT$25.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Jun 23
Upcoming dividend of NT$0.10 per share at 0.5% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 21 July 2023. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.4%). Buying Opportunity • Jun 08
Now 23% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be NT$25.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: NT$0.08 (vs NT$0.19 loss in FY 2021) Full year 2022 results: EPS: NT$0.08 (up from NT$0.19 loss in FY 2021). Revenue: NT$1.51b (up 21% from FY 2021). Net income: NT$11.0m (up NT$36.2m from FY 2021). Profit margin: 0.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.15 (vs NT$0.071 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.15 (up from NT$0.071 loss in 3Q 2021). Revenue: NT$377.1m (up 16% from 3Q 2021). Net income: NT$19.9m (up NT$29.2m from 3Q 2021). Profit margin: 5.3% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.15 (vs NT$0.071 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.15 (up from NT$0.071 loss in 3Q 2021). Revenue: NT$377.1m (up 16% from 3Q 2021). Net income: NT$19.9m (up NT$29.2m from 3Q 2021). Profit margin: 5.3% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 16
Second quarter 2022 earnings released: NT$0.17 loss per share (vs NT$0.005 profit in 2Q 2021) Second quarter 2022 results: NT$0.17 loss per share (down from NT$0.005 profit in 2Q 2021). Revenue: NT$361.2m (up 24% from 2Q 2021). Net loss: NT$22.8m (down NT$23.4m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 17
First quarter 2022 earnings released: NT$0.01 loss per share (vs NT$0.11 loss in 1Q 2021) First quarter 2022 results: NT$0.01 loss per share (up from NT$0.11 loss in 1Q 2021). Revenue: NT$349.9m (up 30% from 1Q 2021). Net loss: NT$1.87m (loss narrowed 87% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Announcement • Mar 06
Universal Textile Co., Ltd., Annual General Meeting, Jun 15, 2022 Universal Textile Co., Ltd., Annual General Meeting, Jun 15, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: NT$0.07 loss per share (vs NT$0.099 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: NT$324.1m (up 58% from 3Q 2020). Net loss: NT$9.33m (loss narrowed 28% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 27
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 03 September 2021. Payment date: 28 September 2021. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.6%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.005 (vs NT$0.24 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$291.4m (up 77% from 2Q 2020). Net income: NT$657.0k (up NT$32.1m from 2Q 2020). Profit margin: 0.2% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • May 14
First quarter 2021 earnings released: NT$0.11 loss per share (vs NT$0.014 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: NT$268.6m (down 15% from 1Q 2020). Net loss: NT$14.2m (loss widened NT$12.4m from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 27
Full year 2020 earnings released: NT$0.44 loss per share (vs NT$0.30 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$917.5m (down 33% from FY 2019). Net loss: NT$57.9m (loss widened 44% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Mar 18
Universal Textile Co., Ltd., Annual General Meeting, Jun 09, 2021 Universal Textile Co., Ltd., Annual General Meeting, Jun 09, 2021. Is New 90 Day High Low • Feb 17
New 90-day high: NT$13.15 The company is up 16% from its price of NT$11.35 on 19 November 2020. The Taiwanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 5.0% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: NT$12.15 The company is up 18% from its price of NT$10.30 on 29 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: NT$11.90 The company is up 26% from its price of NT$9.44 on 24 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: NT$11.50 The company is up 32% from its price of NT$8.70 on 19 August 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 3.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.10 loss per share The company reported a mediocre third quarter result with weaker revenues, though losses reduced. Third quarter 2020 results: Revenue: NT$204.7m (down 31% from 3Q 2019). Net loss: NT$12.9m (loss narrowed 31% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 29
New 90-day high: NT$10.30 The company is up 19% from its price of NT$8.68 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: NT$9.46 The company is up 9.0% from its price of NT$8.68 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 3.0% over the same period.