Buy Or Sell Opportunity • May 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to NT$342. The fair value is estimated to be NT$428, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Reported Earnings • May 08
First quarter 2026 earnings released: EPS: NT$6.00 (vs NT$6.12 in 1Q 2025) First quarter 2026 results: EPS: NT$6.00. Revenue: NT$9.62b (up 2.6% from 1Q 2025). Net income: NT$1.83b (up 9.2% from 1Q 2025). Profit margin: 19% (up from 18% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Taiwan. Buy Or Sell Opportunity • Apr 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to NT$332. The fair value is estimated to be NT$418, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Mar 07
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: NT$20.10 (down from NT$24.20 in FY 2024). Revenue: NT$38.0b (up 3.2% from FY 2024). Net income: NT$5.51b (down 17% from FY 2024). Profit margin: 14% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 05
Now 22% overvalued Over the last 90 days, the stock has fallen 7.9% to NT$412. The fair value is estimated to be NT$337, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Buy Or Sell Opportunity • Jan 16
Now 20% overvalued Over the last 90 days, the stock has fallen 3.2% to NT$420. The fair value is estimated to be NT$349, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Announcement • Jan 16
Eclat Textile Co., Ltd., Annual General Meeting, May 29, 2026 Eclat Textile Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,39, san hao rd., hsi chou li, houlong township, miaoli county Taiwan Price Target Changed • Dec 13 New target price is 399% below last closing price of NT$394. Stock is down 25% over the past year. The company is forecast to post earnings per share of NT$19.97 for next year compared to NT$24.20 last year.
Buy Or Sell Opportunity • Nov 24
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 8.4% to NT$435. The fair value is estimated to be NT$353, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: NT$6.02 (vs NT$6.47 in 3Q 2024) Third quarter 2025 results: EPS: NT$6.02 (down from NT$6.47 in 3Q 2024). Revenue: NT$9.63b (down 4.0% from 3Q 2024). Net income: NT$1.65b (down 6.9% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Buy Or Sell Opportunity • Sep 17
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 3.2% to NT$445. The fair value is estimated to be NT$354, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 9.2% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Price Target Changed • Aug 18
Price target decreased by 7.4% to NT$480 Down from NT$519, the current price target is an average from 15 analysts. New target price is 16% above last closing price of NT$415. Stock is down 20% over the past year. The company is forecast to post earnings per share of NT$21.02 for next year compared to NT$24.20 last year. Major Estimate Revision • Aug 18
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$39.8b to NT$38.5b. EPS estimate also fell from NT$23.86 per share to NT$21.02 per share. Net income forecast to grow 5.8% next year vs 1.0% growth forecast for Luxury industry in Taiwan. Consensus price target down from NT$519 to NT$480. Share price rose 11% to NT$415 over the past week. Buy Or Sell Opportunity • Aug 16
Now 22% overvalued Over the last 90 days, the stock has fallen 8.8% to NT$417. The fair value is estimated to be NT$343, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 9.7% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Reported Earnings • Aug 10
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: NT$2.19 (down from NT$6.32 in 2Q 2024). Revenue: NT$9.72b (up 1.3% from 2Q 2024). Net income: NT$601.2m (down 65% from 2Q 2024). Profit margin: 6.2% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$396, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Luxury industry in Taiwan. Total returns to shareholders of 3.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$471 per share. Upcoming Dividend • Jul 03
Upcoming dividend of NT$17.00 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 07 August 2025. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.5%). Buy Or Sell Opportunity • May 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to NT$456. The fair value is estimated to be NT$570, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. New Risk • May 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 8.7% 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: Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • May 09
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: NT$6.12 (up from NT$5.20 in 1Q 2024). Revenue: NT$9.37b (up 23% from 1Q 2024). Net income: NT$1.68b (up 18% from 1Q 2024). Profit margin: 18% (in line with 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Eclat Textile Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Eclat Textile Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to NT$356, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Luxury industry in Taiwan. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$161 per share. Announcement • Mar 03
Eclat Textile Co., Ltd., Annual General Meeting, Jun 13, 2025 Eclat Textile Co., Ltd., Annual General Meeting, Jun 13, 2025. Location: no,39, san hao rd., hsi chou li, houlong township, miaoli county Taiwan Reported Earnings • Mar 01
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: NT$24.20 (up from NT$18.87 in FY 2023). Revenue: NT$36.8b (up 20% from FY 2023). Net income: NT$6.64b (up 28% from FY 2023). Profit margin: 18% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Announcement • Feb 15
Eclat Textile Co., Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025 Eclat Textile Co., Ltd. announced that they will report fiscal year 2024 results on Feb 27, 2025 Buy Or Sell Opportunity • Dec 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to NT$498. The fair value is estimated to be NT$622, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: NT$6.47 (up from NT$5.68 in 3Q 2023). Revenue: NT$10.0b (up 26% from 3Q 2023). Net income: NT$1.78b (up 14% from 3Q 2023). Profit margin: 18% (down from 20% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Reported Earnings • Aug 09
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: NT$6.32 (up from NT$5.07 in 2Q 2023). Revenue: NT$9.59b (up 23% from 2Q 2023). Net income: NT$1.73b (up 25% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Announcement • Aug 02
Eclat Textile Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Eclat Textile Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Announcement • Jun 14
Eclat Textile Co., Ltd. Appoints New Representatives Eclat Textile Co., Ltd. announced that the new Institutional Directors of the Company appointed the new Representative. Name of the new position holder: Tsung-Wu Wang and Hsin-Tung Tsai. Effective date of the new appointment is June 12, 2024. Announcement • Jun 13
Eclat Textile Co., Ltd. Announces Expired Term of the Company's 5Th Remuneration Committee Eclat Textile Co., Ltd. announced that expired term of the company's 5th Remuneration Committee. Name of the previous position holder: Yea-Kang Wang, Cheng-Ping Yu, Tian-Wei Shi. Reported Earnings • May 04
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: NT$5.19 (up from NT$3.01 in 1Q 2023). Revenue: NT$7.63b (up 18% from 1Q 2023). Net income: NT$1.43b (up 72% from 1Q 2023). Profit margin: 19% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) exceeded analyst estimates by 7.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Announcement • May 03
Eclat Textile Co., Ltd. Announces for the Change of the Financial and Accounting Officer, Effective July 15, 2024 Eclat Textile Co., Ltd. announced for the change of the financial and accounting officer. Name, title, and resume of the previous position holder: Lo, Jen-chieh (Roger Lo) /Vice president /Vice president of the Company's financial and accounting department. Name, title, and resume of the new position holder: Lin, Fen-ru (Tiffany Lin) /Vice president /Senior vice president, CFO and corporate governance officer of 104 Corporation. Reason for the change: Retirement and effective date: July 15, 2024. Upcoming Dividend • Apr 04
Upcoming dividend of NT$13.50 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 13 May 2024. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.6%). Lower than average of industry peers (3.4%). Announcement • Mar 07
Eclat Textile Co., Ltd. Announces Dividend, Payable on May 13, 2024 Eclat Textile Co., Ltd. announced common stock dividend distribution: The cash dividend of common stock is TWD 13.50 per share. The total amount is TWD 3,703,955,998. Ex-rights (ex-dividend) trading date: April 11, 2024. Ex-rights (ex-dividend) record date: April 18, 2024. Payment date of common stock cash dividend distribution: May 13, 2024. Reported Earnings • Mar 04
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: NT$18.87 (down from NT$24.75 in FY 2022). Revenue: NT$30.8b (down 23% from FY 2022). Net income: NT$5.18b (down 24% from FY 2022). Profit margin: 17% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 01
Eclat Textile Co., Ltd., Annual General Meeting, Jun 12, 2024 Eclat Textile Co., Ltd., Annual General Meeting, Jun 12, 2024. Location: No.39, Sanhao Rd.,Houlong Township Miaoli County Taiwan Agenda: To consider the 2023 Business Report; to consider the audit committee’s review report on the 2023 Financial Statements; to consider the 2023 employees remuneration appropriation; to consider the Cash Dividend Distribution of 2023 Earnings; to acknowledge the 2023 business report and financial statements, the 2023 earnings distribution plan; and to consider the other resolutions. Price Target Changed • Nov 14
Price target increased by 7.2% to NT$636 Up from NT$593, the current price target is an average from 16 analysts. New target price is 9.8% above last closing price of NT$579. Stock is up 27% over the past year. The company is forecast to post earnings per share of NT$19.07 for next year compared to NT$24.75 last year. Reported Earnings • Nov 03
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: NT$5.68 (down from NT$7.91 in 3Q 2022). Revenue: NT$7.97b (down 26% from 3Q 2022). Net income: NT$1.56b (down 28% from 3Q 2022). Profit margin: 20% (in line with 3Q 2022). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. New Risk • Aug 09
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 90% Dividend yield: 3.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 09
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: NT$5.08 (down from NT$7.43 in 2Q 2022). Revenue: NT$7.82b (down 30% from 2Q 2022). Net income: NT$1.39b (down 32% from 2Q 2022). Profit margin: 18% (in line with 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 08
Upcoming dividend of NT$17.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 10 July 2023. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.6%). Announcement • May 24
Eclat Textile Co., Ltd. Announces Cash Dividend, Payable on July 10, 2023 Eclat Textile Co., Ltd. announced cash dividend of TWD 17 per share on common stock at its board meeting held on May 23, 2023. Total amount of cash distributed to shareholders TWD 4,664,240,887. Ex-rights (ex-dividend) record date is June 23, 2023. Payment date of cash dividend distribution is July 10, 2023. Reported Earnings • May 06
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: NT$3.01 (down from NT$6.53 in 1Q 2022). Revenue: NT$6.50b (down 36% from 1Q 2022). Net income: NT$826.7m (down 54% from 1Q 2022). Profit margin: 13% (down from 18% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year. Major Estimate Revision • Mar 13
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$43.5b to NT$38.4b. EPS estimate fell from NT$23.75 to NT$22.21 per share. Net income forecast to shrink 11% next year vs 9.6% decline forecast for Luxury industry in Taiwan. Consensus price target broadly unchanged at NT$481. Share price was steady at NT$466 over the past week. Reported Earnings • Mar 06
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: NT$39.7b (up 11% from FY 2021). Net income: NT$6.79b (up 32% from FY 2021). Profit margin: 17% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Luxury industry in Taiwan. Board Change • Nov 16
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. 5 experienced directors. 5 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Chiu-Chun Lai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: NT$7.91 (up from NT$3.51 in 3Q 2021). Revenue: NT$10.7b (up 33% from 3Q 2021). Net income: NT$2.17b (up 125% from 3Q 2021). Profit margin: 20% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.6%. The fair value is estimated to be NT$542, 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. Earnings per share has grown by 14%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 21% in the next 2 years. Price Target Changed • Aug 11
Price target decreased to NT$478 Down from NT$520, the current price target is an average from 14 analysts. New target price is 7.7% above last closing price of NT$444. Stock is down 22% over the past year. The company is forecast to post earnings per share of NT$25.49 for next year compared to NT$18.77 last year. Reported Earnings • Aug 05
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: NT$7.42 (up from NT$5.56 in 2Q 2021). Revenue: NT$11.2b (up 15% from 2Q 2021). Net income: NT$2.04b (up 34% from 2Q 2021). Profit margin: 18% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 11%, compared to a 19% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Eclat Textile Co., Ltd. Announces Appointment of Shu-Wen Wang as Vice Chairman Eclat Textile Co., Ltd. announced the new appointment of Shu-Wen Wang as Vice Chairman, effective August 4, 2022. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$410, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Luxury industry in Taiwan. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$448 per share. Upcoming Dividend • Jun 28
Upcoming dividend of NT$12.00 per share Eligible shareholders must have bought the stock before 05 July 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (6.3%). Lower than average of industry peers (3.6%). Reported Earnings • May 09
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$6.53 (up from NT$4.95 in 1Q 2021). Revenue: NT$10.2b (up 24% from 1Q 2021). Net income: NT$1.79b (up 32% from 1Q 2021). Profit margin: 18% (up from 17% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 7.9%, compared to a 17% growth forecast for the industry in Taiwan. 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 6% per year. Board Change • Apr 27
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. 5 experienced directors. 5 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Chiu-Chun Lai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorated over the past week After last week's 21% share price decline to NT$438, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Luxury industry in Taiwan. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$862 per share. Price Target Changed • Mar 10
Price target decreased to NT$669 Down from NT$744, the current price target is an average from 14 analysts. New target price is 48% above last closing price of NT$453. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of NT$23.97 for next year compared to NT$18.77 last year. Announcement • Mar 06
Eclat Textile Co., Ltd., Annual General Meeting, Jun 14, 2022 Eclat Textile Co., Ltd., Annual General Meeting, Jun 14, 2022. Location: No.39, Sanhao Rd Houlong Township, Miaoli County 356 Miaoli County Taiwan Agenda: To consider 2021 Business Report; to consider Audit Committee's Review Report on the 2021 Financial Statements; to consider 2021 Employees remuneration Appropriation Report; to consider 2021 Business Report and Financial Statements; to approve the Proposal for Distribution of 2021 Profits; to consider Amendment to the Procedures for Acquisition and Disposal of Assets; and to consider other matters. Announcement • Mar 05
Eclat Textile Corporation Ltd. Proposes Cash Distribution Eclat Textile Corporation Ltd. proposed cash distribution of TWD 12 per share or TWD 3,292,405,332. Reported Earnings • Mar 05
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: NT$18.77 (up from NT$15.51 in FY 2020). Revenue: NT$35.9b (up 28% from FY 2020). Net income: NT$5.15b (up 21% from FY 2020). Profit margin: 14% (in line with FY 2020). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the industry in Taiwan. 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 16% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Mar 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be NT$715, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% per annum over the last 3 years. Earnings per share has grown by 8.0% per annum over the last 3 years. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$3.51 (vs NT$4.57 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$8.06b (up 9.3% from 3Q 2020). Net income: NT$963.0m (down 23% from 3Q 2020). Profit margin: 12% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$5.56 (vs NT$2.59 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$9.79b (up 79% from 2Q 2020). Net income: NT$1.52b (up 115% from 2Q 2020). Profit margin: 16% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. 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 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 06
Upcoming dividend of NT$11.00 per share Eligible shareholders must have bought the stock before 13 August 2021. Payment date: 10 September 2021. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 18% share price gain to NT$657, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 20x in the Luxury industry in Taiwan. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$526 per share. Major Estimate Revision • May 11
Consensus EPS estimates increase to NT$21.74 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$33.1b to NT$35.7b. EPS estimate increased from NT$19.27 to NT$21.74 per share. Net income forecast to grow 24% next year vs 28% growth forecast for Luxury industry in Taiwan. Consensus price target up from NT$517 to NT$643. Share price rose 13% to NT$623 over the past week. Price Target Changed • May 08
Price target increased to NT$586 Up from NT$535, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of NT$570. Stock is up 108% over the past year. Reported Earnings • May 06
First quarter 2021 earnings released: EPS NT$4.95 (vs NT$2.54 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$8.22b (up 37% from 1Q 2020). Net income: NT$1.36b (up 95% from 1Q 2020). Profit margin: 17% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Mar 16
Analysts increase EPS estimates to NT$19.11 The 2021 consensus revenue estimate increased from NT$30.7b to NT$32.6b. The earnings per share estimate also received an upgrade from NT$17.05 to NT$19.11 for the same period. Net income is expected to grow by 23% next year compared to 22% growth forecast for the Luxury industry in Taiwan. The consensus price target increased from NT$445 to NT$517. Share price is up 6.3% to NT$476 over the past week. Price Target Changed • Mar 10
Price target raised to NT$476 Up from NT$440, the current price target is an average from 13 analysts. The new target price is close to the current share price of NT$463. As of last close, the stock is up 40% over the past year. Announcement • Mar 06
Eclat Textile Co., Ltd., Annual General Meeting, Jun 18, 2021 Eclat Textile Co., Ltd., Annual General Meeting, Jun 18, 2021. Location: ECLAT's Hsi-Chou factory,3 floor meeting room at No.39 Sanhao Rd., Houlong Township,Miaoli County 356 Miaoli Taiwan Agenda: To consider the approve 2020 Business Report and Financial Statements; to approve the Proposal for Distribution of 2020 Profits; to consider the 2020 Business Report; to elect Directors of the Company; and to consider the other matters. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS NT$15.51 (vs NT$15.68 in FY 2019) The company reported a soft full year result with weaker earnings, although revenues and profit margins were flat. Full year 2020 results: Revenue: NT$28.2b (flat on FY 2019). Net income: NT$4.25b (down 1.1% from FY 2019). Profit margin: 15% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 06
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 9.1%, compared to a 9.4% growth forecast for the Luxury industry in Taiwan. Is New 90 Day High Low • Feb 23
New 90-day high: NT$442 The company is up 9.0% from its price of NT$407 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$344 per share.