Reported Earnings • May 17
First quarter 2026 earnings released: NT$0.14 loss per share (vs NT$0.19 loss in 1Q 2025) First quarter 2026 results: NT$0.14 loss per share (improved from NT$0.19 loss in 1Q 2025). Revenue: NT$125.2m (up 9.2% from 1Q 2025). Net loss: NT$14.6m (loss narrowed 26% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 12
Full year 2025 earnings released: NT$0.38 loss per share (vs NT$1.42 loss in FY 2024) Full year 2025 results: NT$0.38 loss per share (improved from NT$1.42 loss in FY 2024). Revenue: NT$525.0m (up 48% from FY 2024). Net loss: NT$40.4m (loss narrowed 73% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Jan 30
FarGlory Hotel Co.,Ltd, Annual General Meeting, May 20, 2026 FarGlory Hotel Co.,Ltd, Annual General Meeting, May 20, 2026. Location: no,18, shan ling, shoufeng township, hualien county Taiwan Reported Earnings • Nov 10
Third quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.35 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.22 (up from NT$0.35 loss in 3Q 2024). Revenue: NT$186.2m (up 97% from 3Q 2024). Net income: NT$23.2m (up NT$60.3m from 3Q 2024). Profit margin: 12% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.71 loss in 2Q 2024) Second quarter 2025 results: NT$0.15 loss per share (improved from NT$0.71 loss in 2Q 2024). Revenue: NT$122.5m (up 307% from 2Q 2024). Net loss: NT$15.2m (loss narrowed 80% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. New Risk • Jul 17
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. Cash payout ratio: 0% Dividend yield: 2.1% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 0% Earnings have declined by 48% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.16b market cap, or US$73.2m). New Risk • Jul 13
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 6.5% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$2.24b market cap, or US$76.5m). Reported Earnings • May 11
First quarter 2025 earnings released: NT$0.19 loss per share (vs NT$0.093 loss in 1Q 2024) First quarter 2025 results: NT$0.19 loss per share (further deteriorated from NT$0.093 loss in 1Q 2024). Revenue: NT$114.6m (down 9.0% from 1Q 2024). Net loss: NT$19.6m (loss widened 100% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
FarGlory Hotel Co.,Ltd to Report Q1, 2025 Results on May 07, 2025 FarGlory Hotel Co.,Ltd announced that they will report Q1, 2025 results on May 07, 2025 Reported Earnings • Mar 12
Full year 2024 earnings released: NT$1.42 loss per share (vs NT$0.47 profit in FY 2023) Full year 2024 results: NT$1.42 loss per share (down from NT$0.47 profit in FY 2023). Revenue: NT$355.0m (down 46% from FY 2023). Net loss: NT$149.2m (down 404% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Mar 11
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: 1.7% 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 Risks 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 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.59b market cap, or US$78.8m). Announcement • Mar 07
FarGlory Hotel Co.,Ltd, Annual General Meeting, May 28, 2025 FarGlory Hotel Co.,Ltd, Annual General Meeting, May 28, 2025. Location: no,18, shan ling, shoufeng township, hualien county Taiwan Announcement • Feb 27
FarGlory Hotel Co.,Ltd to Report Q4, 2024 Results on Mar 06, 2025 FarGlory Hotel Co.,Ltd announced that they will report Q4, 2024 results on Mar 06, 2025 Announcement • Dec 28
FarGlory Hotel Co.,Ltd Announces the Resignation of Chen Hui Fang as Chief Financial Officer, Effective December 31, 2024 FarGlory Hotel Co.,Ltd announced the resignation of Chen Hui Fang as Chief Financial Officer. Resume of the previous position
holder: Chen Hui Fang/Chief Financial Officer/Principal financial officer, corporate governance officer, spokesperson. Reason for the change: Personal career planning. Effective date is December 31, 2024. Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.35 loss per share (vs NT$0.31 profit in 3Q 2023) Third quarter 2024 results: NT$0.35 loss per share (down from NT$0.31 profit in 3Q 2023). Revenue: NT$94.8m (down 56% from 3Q 2023). Net loss: NT$37.1m (down 213% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 14% per year. Announcement • Oct 30
FarGlory Hotel Co.,Ltd to Report Q3, 2024 Results on Nov 07, 2024 FarGlory Hotel Co.,Ltd announced that they will report Q3, 2024 results on Nov 07, 2024 New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 1.4% 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 Risk Earnings have declined by 1.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.89b market cap, or US$89.6m). Announcement • Jul 31
FarGlory Hotel Co.,Ltd to Report Q2, 2024 Results on Aug 08, 2024 FarGlory Hotel Co.,Ltd announced that they will report Q2, 2024 results on Aug 08, 2024 Declared Dividend • Jul 06
Dividend increased to NT$0.42 Dividend of NT$0.42 is 371% higher than last year. Ex-date: 23rd July 2024 Payment date: 16th August 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (89.9% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 24% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend. Announcement • May 30
FarGlory Hotel Co.,Ltd Approves Cash Dividend for the Year 2023 FarGlory Hotel Co.,Ltd approved 2023 cash dividend of TWD 0.418 per share for shareholders at the shareholders meeting of the company held on May 29, 2024. New Risk • Apr 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: NT$0.47 (vs NT$0.23 in FY 2022) Full year 2023 results: EPS: NT$0.47 (up from NT$0.23 in FY 2022). Revenue: NT$656.1m (up 23% from FY 2022). Net income: NT$49.0m (up 103% from FY 2022). Profit margin: 7.5% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Oct 12
FarGlory Hotel Co.,Ltd Announces Change to the Principal Financial Officer FarGlory Hotel Co.,Ltd announced Change to the principal financial officer of the company. Name, title, and resume of the previous position holder: Zheng Shi Hui/FarGlory Hotel Co.,Ltd/financial officer. Name, title, and resume of the new position holder: Chen Hui fang/Rayprus Technologies Ltd./Finance Supervisor. Type of the change: new replacement. Effective date is October 11, 2023. The replacement will be announced again after Board of Directors approved. Announcement • Sep 28
FarGlory Hotel Co.,Ltd Announces Management Changes FarGlory Hotel Co.,Ltd announced the change of the Corporate governance officer. Name, title, and resume of the previous position holder: Zheng Shi Hui/FarGlory Hotel Co.,Ltd/financial officer. Name, title, and resume of the new position holder: Qiu Di Xiang/FarGlory Hotel Co.,Ltd/Financial Management Section/section chief. Reason for the change: new replacement. Effective date is September 27, 2023. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$0.03 (vs NT$0.38 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.03 (up from NT$0.38 loss in 2Q 2022). Revenue: NT$145.2m (up 137% from 2Q 2022). Net income: NT$2.91m (up NT$42.9m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 11
Upcoming dividend of NT$0.089 per share at 0.2% yield Eligible shareholders must have bought the stock before 18 July 2023. Payment date: 11 August 2023. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.0%). Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: NT$0.23 (vs NT$0.20 loss in FY 2021) Full year 2022 results: EPS: NT$0.23 (up from NT$0.20 loss in FY 2021). Revenue: NT$532.9m (up 52% from FY 2021). Net income: NT$24.1m (up NT$44.9m from FY 2021). Profit margin: 4.5% (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 fallen by 34% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: NT$0.46 (vs NT$0.14 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.46 (up from NT$0.14 loss in 3Q 2021). Revenue: NT$211.5m (up 244% from 3Q 2021). Net income: NT$48.0m (up NT$62.6m from 3Q 2021). Profit margin: 23% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Cheng-Sung Lin was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 16
Second quarter 2022 earnings released: NT$0.38 loss per share (vs NT$0.16 loss in 2Q 2021) Second quarter 2022 results: NT$0.38 loss per share (down from NT$0.16 loss in 2Q 2021). Revenue: NT$61.3m (flat on 2Q 2021). Net loss: NT$40.0m (loss widened 144% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. Announcement • Jul 03
FarGlory Hotel Co.,Ltd Announces Change to the Principal Financial Officer FarGlory Hotel Co.,Ltd replaced Yu Yue Long to Zheng Shi Hui as principal financial officer. Shi is assistant manager of the company. Effective date is June 1, 2022. Announcement • May 15
Farglory Hotel Co.,Ltd Replaces Yu Yue Long with Lin Shu Yuan as Acting Principal Accounting Officer with Effect from May 13, 2022 FarGlory Hotel Co.,Ltd replaced Yu Yue Long with Lin Shu Yuan as Acting Principal Accounting Officer with effect from May 13, 2022. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.03 (vs NT$0.15 in 1Q 2021) First quarter 2022 results: EPS: NT$0.03 (down from NT$0.15 in 1Q 2021). Revenue: NT$103.7m (down 21% from 1Q 2021). Net income: NT$3.40m (down 78% from 1Q 2021). Profit margin: 3.3% (down from 12% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: NT$0.20 loss per share (down from NT$0.93 profit in FY 2020). Revenue: NT$351.0m (down 39% from FY 2020). Net loss: NT$20.7m (down 121% from profit in FY 2020). Revenue exceeded analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 17
Third quarter 2021 earnings released: NT$0.14 loss per share (vs NT$0.65 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$61.5m (down 72% from 3Q 2020). Net loss: NT$14.5m (down 121% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 16 September 2021. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.16 loss per share (vs NT$0.11 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$61.6m (down 39% from 2Q 2020). Net loss: NT$16.4m (down 243% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to NT$42.80, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 25x in the Hospitality industry in Taiwan. Total returns to shareholders of 57% over the past three years. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$0.93 (vs NT$0.15 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$573.1m (up 35% from FY 2019). Net income: NT$97.4m (up NT$113.3m from FY 2019). Profit margin: 17% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Mar 10
FarGlory Hotel Co.,Ltd, Annual General Meeting, May 26, 2021 FarGlory Hotel Co.,Ltd, Annual General Meeting, May 26, 2021. Location: No.18, Shanling, Shoufeng Township, Hualien County Farglory Hotel, Banquet Hal Hualien City Taiwan Agenda: To consider the reported matters 2020 business report; to consider the audit Committee's review of the 2020 annual final accounting books and statements; to report 2020 performance review and remuneration for directors, supervisors and managerial officers; to consider the report on 2020 employees' and directors' remuneration; to consider the discussion of amendments to the Company's Corporate Social Responsibility Practice Principles; to consider the discussion of amendments to the Company's Codes of Ethical Conduct; to consider the discussion of amendments to the Company's Ethical Corporate Management Best Practice Principles and Procedures for Ethical Management and Guidelines for Conduct. Is New 90 Day High Low • Feb 20
New 90-day low: NT$38.70 The company is down 20% from its price of NT$48.20 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 3.0% over the same period. Is New 90 Day High Low • Jan 20
New 90-day low: NT$42.00 The company is down 7.0% from its price of NT$45.00 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 6.0% over the same period. Announcement • Jan 06
Farglory Hotel Co.,Ltd Announces Change to the Principal Accounting Officer FarGlory Hotel Co.,Ltd announced new replacement of I-Fan Hsieh FarGlory Hotel Co.,Ltd /Junior Manager of Finance Dept. with Yueh-Lung Yu Collamatrix Co.,Ltd /Senior Manager of management office. The replacement will be announced again after Board of Directors approved. (2)I-Fan Hsieh is resigned position of Finance Dept. Is New 90 Day High Low • Dec 31
New 90-day high: NT$51.90 The company is up 7.0% from its price of NT$48.70 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 8.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.65 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$215.7m (up 47% from 3Q 2019). Net income: NT$67.8m (up 385% from 3Q 2019). Profit margin: 31% (up from 9.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Nov 10
FarGlory Hotel Co.,Ltd Announces Management Changes FarGlory Hotel Co.,Ltd announced general manager officer Change. Name and resume of the previous position holder is Hui-Mei Liu, Deputy of General Manager. Name and resume of the new position holder is Hui-Mei Liu, General Manager. Effective November 9, 2020. Reason for change is job relocation. 
