Reported Earnings • May 11
First quarter 2026 earnings released: EPS: NT$0.58 (vs NT$0.42 in 1Q 2025) First quarter 2026 results: EPS: NT$0.58 (up from NT$0.42 in 1Q 2025). Revenue: NT$232.4m (down 9.9% from 1Q 2025). Net income: NT$18.3m (up 40% from 1Q 2025). Profit margin: 7.9% (up from 5.1% 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 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 16
Cherng Tay Technology Co., Ltd., Annual General Meeting, Jun 23, 2026 Cherng Tay Technology Co., Ltd., Annual General Meeting, Jun 23, 2026, at 09:00 Taipei Standard Time. Location: no,1, lu k`o 3rd rd., lujhu district, kaohsiung city Taiwan Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$1.24 (vs NT$2.82 in FY 2024) Full year 2025 results: EPS: NT$1.24 (down from NT$2.82 in FY 2024). Revenue: NT$985.8m (down 17% from FY 2024). Net income: NT$39.1m (down 56% from FY 2024). Profit margin: 4.0% (down from 7.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$0.27 (vs NT$0.62 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.27 (down from NT$0.62 in 3Q 2024). Revenue: NT$248.7m (down 18% from 3Q 2024). Net income: NT$8.55m (down 56% from 3Q 2024). Profit margin: 3.4% (down from 6.4% 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 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2025 earnings released: NT$0.07 loss per share (vs NT$0.80 profit in 2Q 2024) Second quarter 2025 results: NT$0.07 loss per share (down from NT$0.80 profit in 2Q 2024). Revenue: NT$259.1m (down 16% from 2Q 2024). Net loss: NT$2.33m (down 109% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Upcoming Dividend • Jul 26
Upcoming dividend of NT$1.80 per share Eligible shareholders must have bought the stock before 31 July 2025. Payment date: 26 August 2025. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%). Declared Dividend • Jul 12
Dividend increased to NT$1.80 Dividend of NT$1.80 is 20% higher than last year. Ex-date: 31st July 2025 Payment date: 26th August 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 11
First quarter 2025 earnings released: EPS: NT$0.42 (vs NT$0.75 in 1Q 2024) First quarter 2025 results: EPS: NT$0.42 (down from NT$0.75 in 1Q 2024). Revenue: NT$257.9m (down 11% from 1Q 2024). Net income: NT$13.1m (down 44% from 1Q 2024). Profit margin: 5.1% (down from 8.1% 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 7% per year whereas the company’s share price has increased by 6% per year. Buy Or Sell Opportunity • Mar 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.1% to NT$33.05. The fair value is estimated to be NT$41.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.1% over the last 3 years. Earnings per share has grown by 6.3%. Reported Earnings • Mar 23
Full year 2024 earnings released: EPS: NT$2.82 (vs NT$2.58 in FY 2023) Full year 2024 results: EPS: NT$2.82 (up from NT$2.58 in FY 2023). Revenue: NT$1.19b (down 3.9% from FY 2023). Net income: NT$88.6m (up 9.3% from FY 2023). Profit margin: 7.5% (up from 6.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Announcement • Mar 17
Cherng Tay Technology Co., Ltd., Annual General Meeting, Jun 20, 2025 Cherng Tay Technology Co., Ltd., Annual General Meeting, Jun 20, 2025, at 09:00 Taipei Standard Time. Location: no,1, lu k`o 3rd rd., lujhu district, kaohsiung city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.62 (vs NT$0.95 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.62 (down from NT$0.95 in 3Q 2023). Revenue: NT$302.6m (down 6.3% from 3Q 2023). Net income: NT$19.4m (down 35% from 3Q 2023). Profit margin: 6.4% (down from 9.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$40.90, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 22x in the Chemicals industry in Taiwan. Total returns to shareholders of 66% over the past three years. New Risk • Aug 28
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 7.5% 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: 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 (7.5% average weekly change). Market cap is less than US$100m (NT$1.31b market cap, or US$41.1m). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$35.40, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 22x in the Chemicals industry in Taiwan. Total returns to shareholders of 43% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.80 (vs NT$0.90 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.80 (down from NT$0.90 in 2Q 2023). Revenue: NT$308.1m (down 6.8% from 2Q 2023). Net income: NT$25.3m (down 11% from 2Q 2023). Profit margin: 8.2% (down from 8.6% in 2Q 2023). The decrease in margin was driven by lower revenue. 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 5% per year. Announcement • Aug 03
Cherng Tay Technology Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Cherng Tay Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$36.65, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 24x in the Chemicals industry in Taiwan. Total returns to shareholders of 50% over the past three years. Declared Dividend • Jul 13
Dividend increased to NT$1.50 Dividend of NT$1.50 is 15% higher than last year. Ex-date: 29th July 2024 Payment date: 23rd August 2024 Dividend yield will be 4.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has remained flat since 6 years ago. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 12
Cherng Tay Technology Co., Ltd. Announces Cash Dividend, Payable on August 23, 2024 Cherng Tay Technology Co., Ltd. announced that the total amount of cash dividends will be TWD 47,122,500 or TWD 1.5 per share. Ex-rights (Ex-dividend) date: July 29, 2024. Ex-rights (Ex-dividend) record date: August 04, 2024. Payment date of cash dividend distribution: August 23, 2024. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.75 (vs NT$0.032 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.75 (up from NT$0.032 loss in 1Q 2023). Revenue: NT$290.3m (up 3.2% from 1Q 2023). Net income: NT$23.5m (up NT$24.5m from 1Q 2023). Profit margin: 8.1% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • May 03
Cherng Tay Technology Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Cherng Tay Technology Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 10, 2024 Buy Or Sell Opportunity • Apr 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.7% to NT$29.60. The fair value is estimated to be NT$24.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 7.3%. Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: NT$2.58 (vs NT$2.16 in FY 2022) Full year 2023 results: EPS: NT$2.58 (up from NT$2.16 in FY 2022). Revenue: NT$1.24b (down 12% from FY 2022). Net income: NT$81.1m (up 20% from FY 2022). Profit margin: 6.6% (up from 4.8% in FY 2022). The increase in margin was driven by lower expenses. 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 8% per year, which means it is well ahead of earnings. Announcement • Mar 16
Cherng Tay Technology Co., Ltd., Annual General Meeting, Jun 25, 2024 Cherng Tay Technology Co., Ltd., Annual General Meeting, Jun 25, 2024. Location: No. 1, Luke 3rd Rd., Luzhu Dist. Kaohsiung City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Business Report; to consider Audit Committee's review on the 2023 annual final accounting books and statements; to consider report on 2023 employees' and directors’ remuneration; to consider status reports of the Cash dividends for Distribution of 2023 Profits; to consider reports of 2023 Remuneration Paid to Directors; to consider revisions Sustainable Development Best Practice Principles; and to consider other matters. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.90 (vs NT$0.44 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.90 (up from NT$0.44 in 2Q 2022). Revenue: NT$330.6m (flat on 2Q 2022). Net income: NT$28.3m (up 106% from 2Q 2022). Profit margin: 8.6% (up from 4.2% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 24
Upcoming dividend of NT$1.30 per share at 4.7% yield Eligible shareholders must have bought the stock before 31 July 2023. Payment date: 25 August 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.7%). Announcement • Jul 06
Cherng Tay Technology Co., Ltd. Announces Cash Dividend, Payable on August 25, 2023 Cherng Tay Technology Co., Ltd. announced that the total amount of cash dividends will be TWD 40,839,500, TWD 1.3 per share. Ex-rights (Ex-dividend) date: July 31, 2023. Ex-rights (Ex-dividend) record date: August 06, 2023. Payment date of cash dividend distribution: August 25, 2023. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$28.00, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$31.80, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total returns to shareholders of 52% over the past three years. Board Change • Jan 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.74 (vs NT$0.59 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.74 (up from NT$0.59 in 3Q 2021). Revenue: NT$359.2m (up 23% from 3Q 2021). Net income: NT$23.3m (up 25% from 3Q 2021). Profit margin: 6.5% (up from 6.4% 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 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.44 (vs NT$0.66 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.44 (down from NT$0.66 in 2Q 2021). Revenue: NT$329.5m (up 2.5% from 2Q 2021). Net income: NT$13.8m (down 34% from 2Q 2021). Profit margin: 4.2% (down from 6.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 14
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (8.3%). Announcement • Jun 23
Cherng Tay Technology Co., Ltd. Approves Dividend, Payable on August 19, 2022 Cherng Tay Technology Co., Ltd. announced at the AGM held on June 22, 2022 that the company approved cash dividends will be TWD 47,122,500, TWD 1.5 per share. Ex-rights (Ex-dividend) date is July 21, 2022. Ex-rights (Ex-dividend) record date is July 27, 2022. Payment date of cash dividend distribution is August 19, 2022. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.54 (vs NT$0.65 in 1Q 2021) First quarter 2022 results: EPS: NT$0.54 (down from NT$0.65 in 1Q 2021). Revenue: NT$365.6m (up 23% from 1Q 2021). Net income: NT$16.9m (down 17% from 1Q 2021). Profit margin: 4.6% (down from 6.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Apr 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$2.84 (vs NT$2.31 in FY 2020) Full year 2021 results: EPS: NT$2.84 (up from NT$2.31 in FY 2020). Revenue: NT$1.26b (up 19% from FY 2020). Net income: NT$89.4m (up 23% from FY 2020). Profit margin: 7.1% (up from 6.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.60 (vs NT$0.82 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$293.1m (up 2.8% from 3Q 2020). Net income: NT$18.7m (down 28% from 3Q 2020). Profit margin: 6.4% (down from 9.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.66 (vs NT$0.35 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$321.6m (up 31% from 2Q 2020). Net income: NT$20.8m (up 87% from 2Q 2020). Profit margin: 6.5% (up from 4.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 19
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 26 July 2021. Payment date: 20 August 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.8%). Reported Earnings • May 06
First quarter 2021 earnings released: EPS NT$0.65 (vs NT$0.37 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$297.9m (up 22% from 1Q 2020). Net income: NT$20.4m (up 77% from 1Q 2020). Profit margin: 6.8% (up from 4.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$2.31 (vs NT$1.92 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$1.07b (down 5.0% from FY 2019). Net income: NT$72.7m (up 20% from FY 2019). Profit margin: 6.8% (up from 5.4% in FY 2019). The increase in margin was driven by lower expenses. 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 4% per year, which means it is significantly lagging earnings. Announcement • Mar 17
Cherng Tay Technology Co., Ltd., Annual General Meeting, Jun 17, 2021 Cherng Tay Technology Co., Ltd., Annual General Meeting, Jun 17, 2021. Is New 90 Day High Low • Feb 23
New 90-day high: NT$22.30 The company is up 4.0% from its price of NT$21.35 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: NT$21.90 The company is up 11% from its price of NT$19.80 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Chemicals industry, which is also up 11% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.83 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$285.1m (down 6.0% from 3Q 2019). Net income: NT$25.9m (up 55% from 3Q 2019). Profit margin: 9.1% (up from 5.5% 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 12% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 09
New 90-day high: NT$21.20 The company is up 1.0% from its price of NT$21.00 on 10 August 2020. The Taiwanese market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Chemicals industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$19.15 The company is down 15% from its price of NT$22.50 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 Chemicals industry, which is down 3.0% over the same period.