Upcoming Dividend • Jun 22
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 23 July 2026. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.8%). Higher than average of industry peers (2.6%). Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$0.36 (vs NT$0.42 in 1Q 2025) First quarter 2026 results: EPS: NT$0.36 (down from NT$0.42 in 1Q 2025). Revenue: NT$492.4m (down 1.6% from 1Q 2025). Net income: NT$18.1m (down 13% from 1Q 2025). Profit margin: 3.7% (down from 4.1% in 1Q 2025). The decrease in margin was driven by lower revenue. 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 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$26.15, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 23x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 3.9% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$30.60, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 14% over the past three years. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$1.50 (vs NT$1.71 in FY 2024) Full year 2025 results: EPS: NT$1.50 (down from NT$1.71 in FY 2024). Revenue: NT$2.05b (flat on FY 2024). Net income: NT$74.4m (down 12% from FY 2024). Profit margin: 3.6% (down from 4.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 13
Song Ho Industrial Co., Ltd., Annual General Meeting, Jun 09, 2026 Song Ho Industrial Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: no,61, nan kang 3rd rd., nantou city Taiwan Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.58 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.32 (down from NT$0.58 in 3Q 2024). Revenue: NT$509.6m (down 1.1% from 3Q 2024). Net income: NT$15.7m (down 46% from 3Q 2024). Profit margin: 3.1% (down from 5.6% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.24 (vs NT$0.39 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.24 (down from NT$0.39 in 2Q 2024). Revenue: NT$542.3m (up 7.4% from 2Q 2024). Net income: NT$11.9m (down 38% from 2Q 2024). Profit margin: 2.2% (down from 3.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 19
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%). Reported Earnings • May 19
First quarter 2025 earnings released: EPS: NT$0.42 (vs NT$0.33 in 1Q 2024) First quarter 2025 results: EPS: NT$0.42 (up from NT$0.33 in 1Q 2024). Revenue: NT$500.3m (flat on 1Q 2024). Net income: NT$20.7m (up 28% from 1Q 2024). Profit margin: 4.1% (up from 3.3% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: NT$1.71 (vs NT$0.93 in FY 2023) Full year 2024 results: EPS: NT$1.71 (up from NT$0.93 in FY 2023). Revenue: NT$2.03b (up 1.0% from FY 2023). Net income: NT$84.7m (up 84% from FY 2023). Profit margin: 4.2% (up from 2.3% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% 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 14
Song Ho Industrial Co., Ltd., Annual General Meeting, Jun 10, 2025 Song Ho Industrial Co., Ltd., Annual General Meeting, Jun 10, 2025. Location: no,61, nan kang 3rd rd., nantou city Taiwan Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: NT$0.59 (vs NT$0.35 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.59 (up from NT$0.35 in 3Q 2023). Revenue: NT$515.1m (up 2.3% from 3Q 2023). Net income: NT$29.0m (up 67% from 3Q 2023). Profit margin: 5.6% (up from 3.5% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.39 (vs NT$0.17 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.39 (up from NT$0.17 in 2Q 2023). Revenue: NT$505.1m (up 7.0% from 2Q 2023). Net income: NT$19.2m (up 133% from 2Q 2023). Profit margin: 3.8% (up from 1.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% 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. Upcoming Dividend • Jun 25
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 02 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.7%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.33 (vs NT$0.11 in 1Q 2023) First quarter 2024 results: EPS: NT$0.33 (up from NT$0.11 in 1Q 2023). Revenue: NT$497.0m (down 10.0% from 1Q 2023). Net income: NT$16.2m (up 193% from 1Q 2023). Profit margin: 3.3% (up from 1.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% 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 • Mar 16
Full year 2023 earnings released: EPS: NT$0.93 (vs NT$2.02 in FY 2022) Full year 2023 results: EPS: NT$0.93 (down from NT$2.02 in FY 2022). Revenue: NT$2.01b (down 20% from FY 2022). Net income: NT$46.1m (down 54% from FY 2022). Profit margin: 2.3% (down from 4.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Mar 14
Song Ho Industrial Co., Ltd., Annual General Meeting, Jun 12, 2024 Song Ho Industrial Co., Ltd., Annual General Meeting, Jun 12, 2024. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: NT$0.35 (vs NT$0.034 loss in 3Q 2022) Third quarter 2023 results: EPS: NT$0.35 (up from NT$0.034 loss in 3Q 2022). Revenue: NT$503.6m (down 11% from 3Q 2022). Net income: NT$17.4m (up NT$19.1m from 3Q 2022). Profit margin: 3.5% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.17 (vs NT$0.65 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.17 (down from NT$0.65 in 2Q 2022). Revenue: NT$471.9m (down 33% from 2Q 2022). Net income: NT$8.23m (down 74% from 2Q 2022). Profit margin: 1.7% (down from 4.5% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of NT$1.40 per share at 4.7% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 26 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%). Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: NT$2.02 (vs NT$4.75 in FY 2021) Full year 2022 results: EPS: NT$2.02 (down from NT$4.75 in FY 2021). Revenue: NT$2.53b (down 14% from FY 2021). Net income: NT$100.3m (down 57% from FY 2021). Profit margin: 4.0% (down from 8.0% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: NT$0.03 loss per share (vs NT$1.50 profit in 3Q 2021) Third quarter 2022 results: NT$0.03 loss per share (down from NT$1.50 profit in 3Q 2021). Revenue: NT$565.0m (down 32% from 3Q 2021). Net loss: NT$1.68m (down 102% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 24% 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 • Nov 13
Third quarter 2022 earnings released: NT$0.03 loss per share (vs NT$1.50 profit in 3Q 2021) Third quarter 2022 results: NT$0.03 loss per share (down from NT$1.50 profit in 3Q 2021). Revenue: NT$565.0m (down 32% from 3Q 2021). Net loss: NT$1.68m (down 102% from profit in 3Q 2021). 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 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.65 (vs NT$1.44 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.65 (down from NT$1.44 in 2Q 2021). Revenue: NT$707.1m (down 4.0% from 2Q 2021). Net income: NT$32.1m (down 55% from 2Q 2021). Profit margin: 4.5% (down from 9.7% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 17
Upcoming dividend of NT$3.30 per share Eligible shareholders must have bought the stock before 24 June 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 72% and the cash payout ratio is 100%. Trailing yield: 8.8%. Within top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (7.8%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.76 (vs NT$0.89 in 1Q 2021) First quarter 2022 results: EPS: NT$0.76 (down from NT$0.89 in 1Q 2021). Revenue: NT$697.5m (up 8.9% from 1Q 2021). Net income: NT$37.7m (down 15% from 1Q 2021). Profit margin: 5.4% (down from 6.9% 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 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$4.75 (vs NT$3.15 in FY 2020) Full year 2021 results: EPS: NT$4.75 (up from NT$3.15 in FY 2020). Revenue: NT$2.94b (up 23% from FY 2020). Net income: NT$235.5m (up 51% from FY 2020). Profit margin: 8.0% (up from 6.5% 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 17% 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 23
Song Ho Industrial Co., Ltd., Annual General Meeting, Jun 08, 2022 Song Ho Industrial Co., Ltd., Annual General Meeting, Jun 08, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.50 (vs NT$1.06 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$830.9m (up 43% from 3Q 2020). Net income: NT$74.6m (up 42% from 3Q 2020). Profit margin: 9.0% (in line with 3Q 2020). 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 2% per year. Upcoming Dividend • Aug 16
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 23 August 2021. Payment date: 16 September 2021. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$1.44 (vs NT$0.65 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$736.2m (up 29% from 2Q 2020). Net income: NT$71.6m (up 122% from 2Q 2020). Profit margin: 9.7% (up from 5.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 23% share price gain to NT$44.20, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 28x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 49% over the past three years. Reported Earnings • May 13
First quarter 2021 earnings released: EPS NT$0.89 (vs NT$0.68 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$640.7m (up 5.0% from 1Q 2020). Net income: NT$44.4m (up 32% from 1Q 2020). Profit margin: 6.9% (up from 5.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS NT$3.15 (vs NT$1.91 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$2.39b (flat on FY 2019). Net income: NT$156.3m (up 65% from FY 2019). Profit margin: 6.5% (up from 4.0% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 14
New 90-day high: NT$32.30 The company is up 11% from its price of NT$29.00 on 16 September 2020. The Taiwanese market is also up 11% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Metals and Mining industry, which is up 14% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS NT$1.06 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$581.1m (down 1.4% from 3Q 2019). Net income: NT$52.5m (up NT$48.0m from 3Q 2019). Profit margin: 9.0% (up from 0.8% 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 26% 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. Is New 90 Day High Low • Nov 07
New 90-day high: NT$29.95 The company is up 5.0% from its price of NT$28.55 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 8.0% over the same period.