Declared Dividend • Jun 18
Dividend reduced to NT$3.50 Dividend of NT$3.50 is 27% lower than last year. Ex-date: 6th July 2026 Payment date: 31st July 2026 Dividend yield will be 6.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 27% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.1% EPS decline seen over the last 5 years. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: NT$1.88 (vs NT$1.95 in 1Q 2025) First quarter 2026 results: EPS: NT$1.88 (down from NT$1.95 in 1Q 2025). Revenue: NT$630.7m (down 8.7% from 1Q 2025). Net income: NT$158.8m (down 3.8% from 1Q 2025). Profit margin: 25% (up from 24% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Mar 11
Holiday Entertainment Co.,Ltd, Annual General Meeting, Jun 16, 2026 Holiday Entertainment Co.,Ltd, Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,312, lin sen n. rd., taipei city Taiwan Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$5.40 (vs NT$7.74 in FY 2024) Full year 2025 results: EPS: NT$5.40 (down from NT$7.74 in FY 2024). Revenue: NT$2.41b (down 7.3% from FY 2024). Net income: NT$457.0m (down 30% from FY 2024). Profit margin: 19% (down from 25% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 10% 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. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$1.13 (vs NT$1.36 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.13 (down from NT$1.36 in 3Q 2024). Revenue: NT$566.0m (down 9.5% from 3Q 2024). Net income: NT$95.8m (down 16% from 3Q 2024). Profit margin: 17% (down from 18% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. New Risk • Aug 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 199% Dividend yield: 7.0% 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. Payout ratio: 93% Cash payout ratio: 199% Minor Risk Profit margins are more than 30% lower than last year (17% net profit margin). Reported Earnings • Aug 07
Second quarter 2025 earnings released: NT$0.03 loss per share (vs NT$1.68 profit in 2Q 2024) Second quarter 2025 results: NT$0.03 loss per share (down from NT$1.68 profit in 2Q 2024). Revenue: NT$560.7m (down 13% from 2Q 2024). Net loss: NT$2.58m (down 102% from profit in 2Q 2024). 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 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 21
Dividend reduced to NT$4.80 Dividend of NT$4.80 is 7.7% lower than last year. Ex-date: 7th July 2025 Payment date: 31st July 2025 Dividend yield will be 6.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (175% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 23% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.4% EPS decline seen over the last 5 years. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$1.95 (vs NT$2.80 in 1Q 2024) First quarter 2025 results: EPS: NT$1.95 (down from NT$2.80 in 1Q 2024). Revenue: NT$690.8m (flat on 1Q 2024). Net income: NT$165.2m (down 30% from 1Q 2024). Profit margin: 24% (down from 34% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: NT$7.74 (vs NT$8.81 in FY 2023) Full year 2024 results: EPS: NT$7.74 (down from NT$8.81 in FY 2023). Revenue: NT$2.60b (down 6.1% from FY 2023). Net income: NT$654.9m (down 12% from FY 2023). Profit margin: 25% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
Holiday Entertainment Co.,Ltd, Annual General Meeting, Jun 19, 2025 Holiday Entertainment Co.,Ltd, Annual General Meeting, Jun 19, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,61, tung hsing rd., taipei city Taiwan New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: NT$1.35 (vs NT$2.37 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.35 (down from NT$2.37 in 3Q 2023). Revenue: NT$625.2m (down 8.6% from 3Q 2023). Net income: NT$114.6m (down 43% from 3Q 2023). Profit margin: 18% (down from 29% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Holiday Entertainment Co.,Ltd to Report Q3, 2024 Results on Nov 05, 2024 Holiday Entertainment Co.,Ltd announced that they will report Q3, 2024 results on Nov 05, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: NT$1.68 (vs NT$2.32 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.68 (down from NT$2.32 in 2Q 2023). Revenue: NT$643.2m (down 5.8% from 2Q 2023). Net income: NT$141.9m (down 28% from 2Q 2023). Profit margin: 22% (down from 29% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Holiday Entertainment Co.,Ltd to Report Q2, 2024 Results on Aug 06, 2024 Holiday Entertainment Co.,Ltd announced that they will report Q2, 2024 results on Aug 06, 2024 Upcoming Dividend • Jun 27
Upcoming dividend of NT$5.20 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (4.0%). Announcement • Jun 20
Holiday Entertainment Co.,Ltd Approves Cash Dividend for the Year 2023 Holiday Entertainment Co.,Ltd at its AGM held on June 19, 2024, approved cash dividend of TWD 5.2 per share was allocated for the year 2023. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$2.80 (vs NT$2.87 in 1Q 2023) First quarter 2024 results: EPS: NT$2.80 (down from NT$2.87 in 1Q 2023). Revenue: NT$688.3m (down 8.4% from 1Q 2023). Net income: NT$236.8m (down 2.6% from 1Q 2023). Profit margin: 34% (up from 32% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Holiday Entertainment Co.,Ltd to Report Q1, 2024 Results on May 07, 2024 Holiday Entertainment Co.,Ltd announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 07, 2024 Announcement • Mar 16
Holiday Entertainment Co.,Ltd Announces Retirement of Jing-Wen Cheng as Chief Executive Officer, Effective April 19, 2024 Holiday Entertainment Co.,Ltd announced retirement of Jing-Wen Cheng as Chief Executive Officer. Effective date: April 19, 2024. Announcement • Mar 13
Holiday Entertainment Co.,Ltd, Annual General Meeting, Jun 19, 2024 Holiday Entertainment Co.,Ltd, Annual General Meeting, Jun 19, 2024. Location: 1F.,No.61,Dongxing Rd. (Wealth Vision Center) Taipei City Taiwan Agenda: To approve the Company's 2023 Business Report; to report on the Audit Committee's review of the 2023 financial statements; to report on 2023 Distribution of to Employee Compensation and Remuneration to Directors; to report on performance evaluation and remuneration policy of the Board of Directors, Board members and functional committees of the Company for 2023; to report on the distribution of cash dividends from the Company's 2023 earnings; to cause for convening the meeting; to consider the Company's 2023 business report and financial statements; and to consider other matters. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$2.32 (vs NT$0.14 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$2.32 (up from NT$0.14 loss in 2Q 2022). Revenue: NT$682.7m (up 73% from 2Q 2022). Net income: NT$196.0m (up NT$213.0m from 2Q 2022). Profit margin: 29% (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 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 12
Upcoming dividend of NT$3.30 per share at 3.6% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 17 August 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (2.0%). New Risk • Jun 25
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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$104, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 33x in the Hospitality industry in Taiwan. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$79.20, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 30x in the Hospitality industry in Taiwan. Total returns to shareholders of 27% over the past three years. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: NT$3.42 (vs NT$0.50 in FY 2021) Full year 2022 results: EPS: NT$3.42 (up from NT$0.50 in FY 2021). Revenue: NT$2.38b (up 41% from FY 2021). Net income: NT$470.1m (up NT$407.4m from FY 2021). Profit margin: 20% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. 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 not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Ching-Jung Sun was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 08
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (3.4%). Reported Earnings • Aug 14
Second quarter 2022 earnings released: NT$0.12 loss per share (vs NT$0.61 loss in 2Q 2021) Second quarter 2022 results: NT$0.12 loss per share (up from NT$0.61 loss in 2Q 2021). Revenue: NT$394.4m (up 20% from 2Q 2021). Net loss: NT$17.0m (loss narrowed 81% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 27
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 25 July 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (6.3%). Lower than average of industry peers (3.4%). Reported Earnings • May 16
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$1.07 (down from NT$1.31 in 1Q 2021). Revenue: NT$660.8m (down 8.6% from 1Q 2021). Net income: NT$158.1m (down 18% from 1Q 2021). Profit margin: 24% (down from 27% in 1Q 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 55%. Over the last 3 years on average, earnings per share has fallen by 55% 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. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. No independent directors (5 non-independent directors). Chairman Qiongzhang Yan was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 11
Third quarter 2021 earnings released: NT$1.67 loss per share (vs NT$1.15 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$13.9m (down 98% from 3Q 2020). Net loss: NT$245.6m (down 246% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 09
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 12 October 2021. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%). Reported Earnings • Aug 11
Second quarter 2021 earnings released: NT$0.61 loss per share (vs NT$0.52 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$329.8m (down 46% from 2Q 2020). Net loss: NT$89.4m (down 216% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$4.56 (vs NT$5.48 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.75b (down 8.1% from FY 2019). Net income: NT$649.4m (down 20% from FY 2019). Profit margin: 24% (down from 27% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 24
New 90-day high: NT$64.40 The company is up 1.0% from its price of NT$63.80 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: NT$64.10 The company is up 1.0% from its price of NT$63.40 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 10.0% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$1.15 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: NT$695.7m (down 7.5% from 3Q 2019). Net income: NT$168.8m (down 2.8% from 3Q 2019). Profit margin: 24% (up from 23% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 22
New 90-day low: NT$60.60 The company is down 8.0% from its price of NT$66.10 on 24 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 4.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$62.70 The company is down 10.0% from its price of NT$70.00 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 6.0% over the same period.