Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$0.17 (vs NT$0.35 loss in 1Q 2025) First quarter 2026 results: EPS: NT$0.17 (up from NT$0.35 loss in 1Q 2025). Revenue: NT$134.8m (down 1.7% from 1Q 2025). Net income: NT$16.4m (up NT$48.8m from 1Q 2025). Profit margin: 12% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Mar 09
Full year 2025 earnings released: NT$0.87 loss per share (vs NT$0.89 profit in FY 2024) Full year 2025 results: NT$0.87 loss per share (down from NT$0.89 profit in FY 2024). Revenue: NT$533.2m (down 7.9% from FY 2024). Net loss: NT$78.8m (down 199% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jan 14
Daily Polymer Corp., Annual General Meeting, Jun 11, 2026 Daily Polymer Corp., Annual General Meeting, Jun 11, 2026, at 14:00 Taipei Standard Time. Location: no,18, yung kung 2nd rd., yongan district, kaohsiung city Taiwan Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$0.53 (vs NT$0.033 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.53 (up from NT$0.033 loss in 3Q 2024). Revenue: NT$121.6m (down 22% from 3Q 2024). Net income: NT$47.1m (up NT$50.0m from 3Q 2024). Profit margin: 39% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 11
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 18 September 2025. Payment date: 23 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.7%). Reported Earnings • Aug 09
Second quarter 2025 earnings released: NT$0.99 loss per share (vs NT$0.62 profit in 2Q 2024) Second quarter 2025 results: NT$0.99 loss per share (down from NT$0.62 profit in 2Q 2024). Revenue: NT$140.9m (down 4.2% from 2Q 2024). Net loss: NT$88.0m (down 268% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • May 09
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: 1.3% Last year net profit margin: 4.2% 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 Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (NT$1.50b market cap, or US$49.8m). Announcement • May 01
Daily Polymer Corp. to Report Q1, 2025 Results on May 08, 2025 Daily Polymer Corp. 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 19% After last week's 19% share price decline to NT$16.25, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Total returns to shareholders of 22% over the past three years. Reported Earnings • Mar 16
Full year 2024 earnings released: EPS: NT$0.94 (vs NT$0.18 loss in FY 2023) Full year 2024 results: EPS: NT$0.94 (up from NT$0.18 loss in FY 2023). Revenue: NT$579.2m (up 9.6% from FY 2023). Net income: NT$79.4m (up NT$94.7m from FY 2023). Profit margin: 14% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Mar 13
Daily Polymer Corp., Annual General Meeting, Jun 18, 2025 Daily Polymer Corp., Annual General Meeting, Jun 18, 2025, at 14:00 Taipei Standard Time. Location: no,18, yung kung 2nd rd., yongan district, kaohsiung city Taiwan Announcement • Mar 01
Daily Polymer Corp. to Report Fiscal Year 2024 Results on Mar 10, 2025 Daily Polymer Corp. announced that they will report fiscal year 2024 results on Mar 10, 2025 Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$23.15, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 22x in the Chemicals industry in Taiwan. Total returns to shareholders of 81% over the past three years. Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.04 loss per share (vs NT$0.12 loss in 3Q 2023) Third quarter 2024 results: NT$0.04 loss per share (improved from NT$0.12 loss in 3Q 2023). Revenue: NT$156.1m (up 8.7% from 3Q 2023). Net loss: NT$2.90m (loss narrowed 70% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$24.20, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 22x in the Chemicals industry in Taiwan. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$34.35, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 22x in the Chemicals industry in Taiwan. Total returns to shareholders of 179% over the past three years. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$27.40, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 22x in the Chemicals industry in Taiwan. Total returns to shareholders of 130% over the past three years. Buy Or Sell Opportunity • Sep 04
Now 21% undervalued Over the last 90 days, the stock has risen 25% to NT$23.10. The fair value is estimated to be NT$29.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: NT$0.63 (vs NT$0.14 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.63 (up from NT$0.14 loss in 2Q 2023). Revenue: NT$147.1m (up 15% from 2Q 2023). Net income: NT$52.5m (up NT$63.9m from 2Q 2023). Profit margin: 36% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Aug 02
Daily Polymer Corp. to Report Q2, 2024 Results on Aug 09, 2024 Daily Polymer Corp. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.47 (vs NT$0.019 in 1Q 2023) First quarter 2024 results: EPS: NT$0.47 (up from NT$0.019 in 1Q 2023). Revenue: NT$131.2m (up 14% from 1Q 2023). Net income: NT$39.6m (up NT$38.1m from 1Q 2023). Profit margin: 30% (up from 1.3% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Announcement • May 12
Daily Polymer Corp. Announces Corporate Acting Spokesperson Changes Daily Polymer Corp. announced the change of Corporate Corporate acting spokesperson. Name, title, and resume of the previous position holder: LI,Yi Chan/vice president,DAILY POLYMER CORP. Name, title, and resume of the new position holder: Sun, Ling-Chun/Accounting officer,DAILY POLYMER CORP. Reason for the change: position adjustment Effective date is May 10, 2024. Announcement • May 03
Daily Polymer Corp. to Report Q1, 2024 Results on May 10, 2024 Daily Polymer Corp. announced that they will report Q1, 2024 results on May 10, 2024 New Risk • Apr 23
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 7.0% 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 9.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (NT$1.48b market cap, or US$45.3m). Reported Earnings • Mar 15
Full year 2023 earnings released: NT$0.18 loss per share (vs NT$0.17 loss in FY 2022) Full year 2023 results: NT$0.18 loss per share (further deteriorated from NT$0.17 loss in FY 2022). Revenue: NT$528.6m (down 20% from FY 2022). Net loss: NT$15.3m (loss widened 11% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Mar 09
Daily Polymer Corp., Annual General Meeting, Jun 25, 2024 Daily Polymer Corp., Annual General Meeting, Jun 25, 2024. Location: Auditorium, B1., No. 18, Yonggong 2nd Rd., Yongan Dist Kaohsiung City Taiwan Agenda: To report the business of 2023; to consider 2023 Audit Committee's review report; to ratify 2023 Business Report and Financial Statements; to approve revisions to the Articles of Incorporation; and to consider other matters. New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings have declined by 0.4% 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 0.4% 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. Market cap is less than US$100m (NT$1.07b market cap, or US$34.2m). New Risk • Oct 11
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: Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (NT$1.06b market cap, or US$33.0m). Announcement • Aug 23
Daily Polymer Corp. Appoints Du Gong-Shun as Representative of Juristic Person Director Daily Polymer Corp. appointed Du Gong-Shun as Representative of Juristic Person Director Resume of the new position holder: CFO of Everyway Medical Instruments Co. Ltd. Effective date of the new appointment is August 22, 2023. Announcement • Aug 11
Daily Polymer Corp. Announces the Resignation of Zhou, Dai-Yi as Representative of Legal-Person Director Daily Polymer Corp. announced the resignation of Zhou, Dai-Yi as representative of legal-person director. Resume of the previous position holder: Director of Ming Yao International Investment Co. Ltd. Reason for the change: Resignation due to personal reasons. Date of occurrence of the change: August 9, 2023. Reported Earnings • Aug 09
Second quarter 2023 earnings released: NT$0.14 loss per share (vs NT$0.008 profit in 2Q 2022) Second quarter 2023 results: NT$0.14 loss per share (down from NT$0.008 profit in 2Q 2022). Revenue: NT$127.4m (down 33% from 2Q 2022). Net loss: NT$11.4m (down NT$12.1m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jul 18
Daily Polymer Corp. Announces Board Changes Daily Polymer Corp. announced change of representative of Juristic person director. Name of the previous position holder: Chen, Zong-Yi; Resume of the previous position holder: Director of Pontex Polyblend Co. Ltd. Name of the new position holder: Chuang, Hsun-Chang; Resume of the new position holder: President of Xinwang United Co. Ltd. Date of the new appointment is July 17, 2023. Reported Earnings • Apr 01
Full year 2022 earnings released: NT$0.17 loss per share (vs NT$3.10 profit in FY 2021) Full year 2022 results: NT$0.17 loss per share (down from NT$3.10 profit in FY 2021). Revenue: NT$664.5m (down 13% from FY 2021). Net loss: NT$13.9m (down 106% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Daily Polymer Corp., Annual General Meeting, Jun 19, 2023 Daily Polymer Corp., Annual General Meeting, Jun 19, 2023. Location: Auditorium, B1.No. 18, Yonggong 2nd Rd Kaohsiung City Taiwan Agenda: To consider report the business of 2022; to consider 2022 Audit Committee's review report; to ratify 2022 Business Report and Financial Statements; to approve revisions to the Articles of Incorporation; to elect the new directors; to approve the lifting of non competition restrictions for directors; and to consider other business matters. Upcoming Dividend • Sep 12
Upcoming dividend of NT$0.48 per share Eligible shareholders must have bought the stock before 19 September 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (8.0%). Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.47 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.01 (up from NT$0.47 loss in 2Q 2021). Revenue: NT$214.5m (up 10% from 2Q 2021). Net income: NT$652.0k (up NT$34.1m from 2Q 2021). Profit margin: 0.3% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 11
First quarter 2022 earnings released: NT$0.13 loss per share (vs NT$3.08 profit in 1Q 2021) First quarter 2022 results: NT$0.13 loss per share (down from NT$3.08 profit in 1Q 2021). Revenue: NT$163.9m (down 29% from 1Q 2021). Net loss: NT$9.51m (down 104% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 18% share price gain to NT$17.00, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 19x in the Chemicals industry in Taiwan. Total returns to shareholders of 15% over the past three years. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$3.55 (vs NT$0.26 in FY 2020) Full year 2021 results: EPS: NT$3.55 (up from NT$0.26 in FY 2020). Revenue: NT$761.7m (down 8.7% from FY 2020). Net income: NT$251.3m (up NT$232.9m from FY 2020). Profit margin: 33% (up from 2.2% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$0.04 (vs NT$0.37 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$157.3m (down 35% from 3Q 2020). Net income: NT$3.09m (down 88% from 3Q 2020). Profit margin: 2.0% (down from 11% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: NT$0.47 loss per share (vs NT$0.13 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$194.8m (up 11% from 2Q 2020). Net loss: NT$33.5m (down 450% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 29
Upcoming dividend of NT$0.24 per share Eligible shareholders must have bought the stock before 05 August 2021. Payment date: 26 August 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.9%). Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$3.08 (vs NT$0.078 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$231.9m (up 24% from 1Q 2020). Net income: NT$220.0m (up NT$225.7m from 1Q 2020). Profit margin: 95% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$0.26 (vs NT$0.43 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$834.6m (down 16% from FY 2019). Net income: NT$18.3m (down 42% from FY 2019). Profit margin: 2.2% (down from 3.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 04
New 90-day low: NT$14.05 The company is down 12% from its price of NT$16.00 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$14.05, the stock is trading at a trailing P/E ratio of 21.5x, down from the previous P/E ratio of 25.7x. This compares to an average P/E of 20x in the Chemicals industry in Taiwan. Total return to shareholders over the past three years is a loss of 28%. Is New 90 Day High Low • Dec 02
New 90-day high: NT$15.45 The company is up 3.0% from its price of NT$15.00 on 03 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.37 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$243.6m (down 2.4% from 3Q 2019). Net income: NT$26.5m (up 44% from 3Q 2019). Profit margin: 11% (up from 7.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.