Taiwan Paiho Future Growth

Future criteria checks 2/6

Taiwan Paiho is forecast to grow earnings and revenue by 18.7% and 10.1% per annum respectively while EPS is expected to grow by 18.5% per annum.

Key information

18.7%

Earnings growth rate

18.5%

EPS growth rate

Luxury earnings growth	16.9%
Revenue growth rate	10.1%
Future return on equity	n/a
Analyst coverage	Low
Last updated	29 Oct 2024

Recent future growth updates

Recent updates

Should You Investigate Taiwan Paiho Limited (TWSE:9938) At NT$70.30?

Dec 20

A Piece Of The Puzzle Missing From Taiwan Paiho Limited's (TWSE:9938) 25% Share Price Climb

Oct 03

Taiwan Paiho (TWSE:9938) Has Announced That Its Dividend Will Be Reduced To NT$1.00

Jun 27

We Like The Quality Of Taiwan Paiho's (TPE:9938) Earnings

Apr 01

Taiwan Paiho (TPE:9938) Share Prices Have Dropped 42% In The Last Three Years

Dec 31

Taiwan Paiho Limited's (TPE:9938) Intrinsic Value Is Potentially 22% Below Its Share Price

Dec 18

Here's How We Evaluate Taiwan Paiho Limited's (TPE:9938) Dividend

Dec 01

Earnings and Revenue Growth Forecasts

TWSE:9938 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	16,811	1,652	1,374	3,512	2
12/31/2024	15,393	1,486	1,175	3,721	2
9/30/2024	14,754	1,257	679	2,320	N/A
6/30/2024	14,011	1,056	210	2,002	N/A
3/31/2024	12,997	778	273	2,012	N/A
12/31/2023	12,445	581	-370	1,363	N/A
9/30/2023	12,251	559	-1,051	1,441	N/A
6/30/2023	12,681	705	-990	1,876	N/A
3/31/2023	15,009	1,192	-1,112	2,581	N/A
12/31/2022	16,270	1,520	-644	3,068	N/A
9/30/2022	17,433	1,866	317	3,448	N/A
6/30/2022	16,907	1,814	378	2,987	N/A
3/31/2022	17,880	1,942	1,060	2,733	N/A
12/31/2021	18,288	2,060	823	2,289	N/A
9/30/2021	17,814	2,026	1,613	2,843	N/A
6/30/2021	17,733	2,042	2,470	3,700	N/A
3/31/2021	14,720	1,600	1,989	3,249	N/A
12/31/2020	14,645	1,552	3,987	5,257	N/A
9/30/2020	14,685	1,518	2,722	4,368	N/A
6/30/2020	14,999	1,504	1,536	3,403	N/A
3/31/2020	15,553	1,650	1,202	3,430	N/A
12/31/2019	15,300	1,522	-986	1,774	N/A
9/30/2019	16,288	1,539	-930	1,783	N/A
6/30/2019	15,719	1,474	-1,166	1,748	N/A
3/31/2019	15,171	1,401	-358	2,691	N/A
12/31/2018	13,716	1,360	-236	2,678	N/A
9/30/2018	11,968	1,330	-871	2,512	N/A
6/30/2018	11,977	1,507	N/A	2,270	N/A
3/31/2018	11,838	1,577	N/A	963	N/A
12/31/2017	11,748	1,620	N/A	1,158	N/A
9/30/2017	11,545	1,646	N/A	1,231	N/A
6/30/2017	11,109	1,532	N/A	1,540	N/A
3/31/2017	10,932	1,519	N/A	1,971	N/A
12/31/2016	10,630	1,490	N/A	2,173	N/A
9/30/2016	10,447	1,412	N/A	2,353	N/A
6/30/2016	10,091	1,361	N/A	2,406	N/A
3/31/2016	9,793	1,272	N/A	1,921	N/A
12/31/2015	9,443	1,140	N/A	2,074	N/A
9/30/2015	9,401	1,121	N/A	1,896	N/A
6/30/2015	9,250	1,040	N/A	1,827	N/A
3/31/2015	9,148	1,009	N/A	2,035	N/A
12/31/2014	9,116	980	N/A	2,003	N/A
9/30/2014	8,927	884	N/A	1,838	N/A
6/30/2014	8,740	827	N/A	1,572	N/A
3/31/2014	8,593	797	N/A	1,509	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9938's forecast earnings growth (18.7% per year) is above the savings rate (1.1%).

Earnings vs Market: 9938's earnings (18.7% per year) are forecast to grow faster than the TW market (17.3% per year).

High Growth Earnings: 9938's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9938's revenue (10.1% per year) is forecast to grow slower than the TW market (11.3% per year).

High Growth Revenue: 9938's revenue (10.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 9938's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/20 07:46
End of Day Share Price	2025/01/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Taiwan Paiho Limited is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jihong Lai	Capital Securities Corporation
Chien Po Huang	Credit Suisse
Helen Chien	Daiwa Securities Co. Ltd.

Taiwan Paiho Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.3% to NT$84.00

Price target increased by 16% to NT$78.27

Price target increased by 7.9% to NT$71.20

Consensus EPS estimates increase by 11%

Consensus EPS estimates fall by 17%

Price target decreased by 8.7% to NT$63.00

Recent updates

Should You Investigate Taiwan Paiho Limited (TWSE:9938) At NT$70.30?

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.3% to NT$84.00

A Piece Of The Puzzle Missing From Taiwan Paiho Limited's (TWSE:9938) 25% Share Price Climb

Here's Why Taiwan Paiho (TWSE:9938) Has A Meaningful Debt Burden

Price target increased by 16% to NT$78.27

Second quarter 2024 earnings released: EPS: NT$1.17 (vs NT$0.24 in 2Q 2023)

Taiwan Paiho Limited to Report Q2, 2024 Results on Aug 08, 2024

Upcoming dividend of NT$1.00 per share

Taiwan Paiho (TWSE:9938) Is Paying Out Less In Dividends Than Last Year

Investor sentiment improves as stock rises 17%

Should You Investigate Taiwan Paiho Limited (TWSE:9938) At NT$65.90?

Price target increased by 7.9% to NT$71.20

Taiwan Paiho (TWSE:9938) Has Announced That Its Dividend Will Be Reduced To NT$1.00

Dividend reduced to NT$1.00

Less than half of directors are independent

Taiwan Paiho Limited Approves Cash Dividend for the Year 2023

Taiwan Paiho Limited Approves Cash Dividend for the Year 2023

First quarter 2024 earnings: EPS exceeds analyst expectations

Consensus EPS estimates increase by 11%

Full year 2023 earnings: EPS misses analyst expectations

Taiwan Paiho Limited, Annual General Meeting, Jun 19, 2024

Consensus EPS estimates fall by 17%

Price target decreased by 8.7% to NT$63.00

Taiwan Paiho Limited Announces the Resignation of Cheng-Tsung Cheng as Director

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 8.2% to NT$63.33

Investor sentiment improves as stock rises 18%

New major risk - Financial position

Second quarter 2023 earnings: EPS misses analyst expectations

Upcoming dividend of NT$2.50 per share at 4.3% yield

Consensus revenue estimates fall by 17%

Taiwan Paiho Limited Announces Board Changes

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 26%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Third quarter 2022 earnings: EPS exceeds analyst expectations

Price target decreased to NT$67.00

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of NT$3.50 per share

Price target decreased to NT$91.43

Taiwan Paiho Limited Announces Cash Dividend for the Year 2021

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Price target decreased to NT$103

Less than half of directors are independent

Price target decreased to NT$103

Taiwan Paiho Limited, Annual General Meeting, Jun 24, 2022

Full year 2021 earnings: EPS misses analyst expectations

Third quarter 2021 earnings released: EPS NT$1.17 (vs NT$1.22 in 3Q 2020)

Second quarter 2021 earnings released: EPS NT$2.30 (vs NT$0.82 in 2Q 2020)

Upcoming dividend of NT$3.00 per share

First quarter 2021 earnings released: EPS NT$1.95 (vs NT$1.79 in 1Q 2020)

Investor sentiment improved over the past week

Consensus EPS estimates increase to NT$6.98

We Like The Quality Of Taiwan Paiho's (TPE:9938) Earnings

Full year 2020 earnings released: EPS NT$5.21 (vs NT$5.11 in FY 2019)

New 90-day high: NT$82.00

Analysts increase EPS estimates to NT$6.12

Price target raised to NT$91.18

New 90-day high: NT$80.30

Taiwan Paiho (TPE:9938) Share Prices Have Dropped 42% In The Last Three Years

Taiwan Paiho Limited's (TPE:9938) Intrinsic Value Is Potentially 22% Below Its Share Price

Here's How We Evaluate Taiwan Paiho Limited's (TPE:9938) Dividend

Third quarter 2020 earnings released: EPS NT$1.22

Revenue behind estimates

Analysts lower EPS estimates to NT$4.84

Price target raised to NT$81.30

New 90-day high - NT$80.60