Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.52 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00. Revenue: NT$744.5m (up 9.4% from 1Q 2025). Net income: NT$61.4m (up 24% from 1Q 2025). Profit margin: 8.2% (up from 7.3% in 1Q 2025). The increase in margin was driven by higher revenue. Upcoming Dividend • Mar 19
Upcoming dividend of NT$4.80 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 30 April 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (5.3%). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$9.90 (vs NT$9.24 in FY 2024) Full year 2025 results: EPS: NT$9.90 (up from NT$9.24 in FY 2024). Revenue: NT$3.29b (down 8.3% from FY 2024). Net income: NT$324.0m (up 7.9% from FY 2024). Profit margin: 9.9% (up from 8.4% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Announcement • Mar 09
Shiny Brands Group Co., Ltd., Annual General Meeting, May 26, 2026 Shiny Brands Group Co., Ltd., Annual General Meeting, May 26, 2026. Location: no,6, sec.3 min sheng e. rd., jhongshan district, taipei city Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$1.68 (vs NT$1.00 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.68 (up from NT$1.00 in 3Q 2024). Revenue: NT$672.5m (down 14% from 3Q 2024). Net income: NT$55.0m (up 69% from 3Q 2024). Profit margin: 8.2% (up from 4.1% in 3Q 2024). The increase in margin was driven by lower 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 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 26
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 02 September 2025. Payment date: 30 September 2025. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.5%). Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$2.83 (vs NT$3.28 in 2Q 2024) Second quarter 2025 results: EPS: NT$2.83 (down from NT$3.28 in 2Q 2024). Revenue: NT$830.7m (down 17% from 2Q 2024). Net income: NT$84.2m (down 13% from 2Q 2024). Profit margin: 10% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year. New Risk • Aug 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 6.1% 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 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 (6.1% average weekly change). Profit margins are more than 30% lower than last year (7.3% net profit margin). Reported Earnings • May 16
First quarter 2025 earnings released: EPS: NT$1.67 (vs NT$3.28 in 1Q 2024) First quarter 2025 results: EPS: NT$1.67 (down from NT$3.28 in 1Q 2024). Revenue: NT$680.3m (down 15% from 1Q 2024). Net income: NT$49.6m (down 48% from 1Q 2024). Profit margin: 7.3% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 04
Upcoming dividend of NT$7.00 per share Eligible shareholders must have bought the stock before 10 April 2025. Payment date: 09 May 2025. Payout ratio is a comfortable 69% and the cash payout ratio is 86%. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (4.8%). Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$10.16 (vs NT$13.90 in FY 2023) Full year 2024 results: EPS: NT$10.16 (down from NT$13.90 in FY 2023). Revenue: NT$3.58b (up 21% from FY 2023). Net income: NT$300.2m (down 26% from FY 2023). Profit margin: 8.4% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 38% per year. Announcement • Mar 12
Shiny Brands Group Co., Ltd., Annual General Meeting, Jun 10, 2025 Shiny Brands Group Co., Ltd., Annual General Meeting, Jun 10, 2025. Location: no,6, sec.3 min sheng e. rd., jhongshan district, taipei city Taiwan New Risk • Jan 29
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 6.1% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 365% High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (9.7% net profit margin). New Risk • Jan 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 365% High level of non-cash earnings (30% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (9.7% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). New Risk • Nov 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.7% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 364% High level of non-cash earnings (30% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (9.7% net profit margin). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$148, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 17x in the Personal Products industry in Taiwan. Total returns to shareholders of 161% over the past three years. New Risk • Oct 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (72% accrual ratio). Minor Risks Dividend is not well covered by cash flows (245% cash payout ratio). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$3.46 (vs NT$3.30 in 2Q 2023) Second quarter 2024 results: EPS: NT$3.46 (up from NT$3.30 in 2Q 2023). Revenue: NT$995.3m (up 52% from 2Q 2023). Net income: NT$96.4m (up 1.2% from 2Q 2023). Profit margin: 9.7% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 47% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$218, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 18x in the Personal Products industry in Taiwan. Total returns to shareholders of 265% over the past three years. Upcoming Dividend • Jul 26
Upcoming dividend of NT$12.28 per share Eligible shareholders must have bought the stock before 02 August 2024. Payment date: 30 August 2024. Payout ratio and cash payout ratio are on the higher end at 81% and 75% respectively. Trailing yield: 4.4%. Within top quartile of Taiwanese dividend payers (4.3%). In line with average of industry peers (4.3%). New Risk • Jun 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (87% accrual ratio). Minor Risks Dividend is not well covered by cash flows (196% cash payout ratio). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$3.46 (vs NT$2.71 in 1Q 2023) First quarter 2024 results: EPS: NT$3.46 (up from NT$2.71 in 1Q 2023). Revenue: NT$804.5m (up 58% from 1Q 2023). Net income: NT$96.1m (up 30% from 1Q 2023). Profit margin: 12% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: NT$14.66 (vs NT$6.77 in FY 2022) Full year 2023 results: EPS: NT$14.66 (up from NT$6.77 in FY 2022). Revenue: NT$2.97b (up 74% from FY 2022). Net income: NT$403.5m (up 122% from FY 2022). Profit margin: 14% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 14
Shiny Brands Group Co., Ltd., Annual General Meeting, Jun 07, 2024 Shiny Brands Group Co., Ltd., Annual General Meeting, Jun 07, 2024. Buy Or Sell Opportunity • Mar 11
Now 22% undervalued Over the last 90 days, the stock has risen 1.9% to NT$292. The fair value is estimated to be NT$375, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Buy Or Sell Opportunity • Jan 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to NT$282. The fair value is estimated to be NT$353, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Buying Opportunity • Jan 02
Now 20% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be NT$356, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. New Risk • Dec 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Buying Opportunity • Nov 28
Now 20% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be NT$362, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$283, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 23x in the Personal Products industry in Taiwan. Total returns to shareholders of 176% over the past three years. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$3.48 (vs NT$0.95 in 2Q 2022) Second quarter 2023 results: EPS: NT$3.48 (up from NT$0.95 in 2Q 2022). Revenue: NT$655.4m (up 60% from 2Q 2022). Net income: NT$95.2m (up 276% from 2Q 2022). Profit margin: 14% (up from 6.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 31
Upcoming dividend of NT$5.52 per share at 1.9% yield Eligible shareholders must have bought the stock before 07 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$264, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 27x in the Personal Products industry in Taiwan. Total returns to shareholders of 164% over the past three years. New Risk • Jun 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Buying Opportunity • Jun 12
Now 20% undervalued Over the last 90 days, the stock is up 73%. The fair value is estimated to be NT$263, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$216, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 30x in the Personal Products industry in Taiwan. Total returns to shareholders of 195% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$164, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 34x in the Personal Products industry in Taiwan. Total returns to shareholders of 174% over the past three years. Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: NT$7.79 (vs NT$6.10 in FY 2021) Full year 2022 results: EPS: NT$7.79 (up from NT$6.10 in FY 2021). Revenue: NT$1.71b (up 26% from FY 2021). Net income: NT$181.9m (up 28% from FY 2021). Profit margin: 11% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 15% share price gain to NT$105, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 25x in the Personal Products industry in Taiwan. Total returns to shareholders of 94% over the past three years. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: NT$1.66 (vs NT$1.17 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.66 (up from NT$1.17 in 3Q 2021). Revenue: NT$399.0m (up 27% from 3Q 2021). Net income: NT$39.1m (up 43% from 3Q 2021). Profit margin: 9.8% (up from 8.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 21% share price gain to NT$105, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 23x in the Personal Products industry in Taiwan. Total returns to shareholders of 61% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.22 (vs NT$1.16 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.22. Revenue: NT$408.5m (up 25% from 2Q 2021). Net income: NT$25.3m (down 6.4% from 2Q 2021). Profit margin: 6.2% (down from 8.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Aug 01
Upcoming dividend of NT$7.20 per share Eligible shareholders must have bought the stock before 08 August 2022. Payment date: 07 September 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.0%). Buying Opportunity • Jun 10
Now 22% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be NT$134, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: NT$6.84 (vs NT$6.58 in FY 2020) Full year 2021 results: EPS: NT$6.84 (up from NT$6.58 in FY 2020). Revenue: NT$1.36b (up 2.0% from FY 2020). Net income: NT$142.2m (up 17% from FY 2020). Profit margin: 11% (up from 9.1% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 20% share price gain to NT$99.20, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 17x in the Personal Products industry in Taiwan. Total loss to shareholders of 13% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.31 (vs NT$1.47 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$313.5m (down 8.9% from 3Q 2020). Net income: NT$27.3m (up 4.4% from 3Q 2020). Profit margin: 8.7% (up from 7.6% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% 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. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$1.30 (vs NT$2.13 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: NT$327.4m (flat on 2Q 2020). Net income: NT$27.0m (down 29% from 2Q 2020). Profit margin: 8.3% (down from 12% in 2Q 2020). Upcoming Dividend • Jul 21
Upcoming dividend of NT$7.25 per share Eligible shareholders must have bought the stock before 28 July 2021. Payment date: 25 August 2021. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.7%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$1.75 (vs NT$1.98 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$318.7m (up 24% from 1Q 2020). Net income: NT$36.3m (up 3.2% from 1Q 2020). Profit margin: 11% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$6.58 (vs NT$5.17 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.33b (up 29% from FY 2019). Net income: NT$121.2m (up 32% from FY 2019). Profit margin: 9.1% (up from 8.9% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 21
New 90-day low: NT$105 The company is down 11% from its price of NT$118 on 23 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is down 10.0% over the same period. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 16% share price gain to NT$132, the stock is trading at a trailing P/E ratio of 19.2x, up from the previous P/E ratio of 16.6x. This compares to an average P/E of 16x in the Personal Products industry in Taiwan. Total returns to shareholders over the past year are 89%. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$1.47 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$344.0m (up 18% from 3Q 2019). Net income: NT$26.1m (up 16% from 3Q 2019). Profit margin: 7.6% (down from 7.7% in 3Q 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Oct 22
New 90-day low: NT$115 The company is down 12% from its price of NT$130 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 Personal Products industry, which is down 9.0% over the same period. Valuation Update With 7 Day Price Move • Oct 22
Market pulls back on stock over the past week After last week's 17% share price decline to NT$115, the stock is trading at a trailing P/E ratio of 17.3x, down from the previous P/E ratio of 20.8x. This compares to an average P/E of 17x in the Personal Products industry in Taiwan. Total returns to shareholders over the past year are 57%.