Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$2.40 in 1Q 2025) First quarter 2026 results: EPS: NT$2.00. Revenue: NT$906.7m (down 5.2% from 1Q 2025). Net income: NT$149.0m (up 3.4% from 1Q 2025). Profit margin: 16% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$9.97 (vs NT$8.99 in FY 2024) Full year 2025 results: EPS: NT$9.97 (up from NT$8.99 in FY 2024). Revenue: NT$4.18b (up 2.6% from FY 2024). Net income: NT$598.1m (up 11% from FY 2024). Profit margin: 14% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Declared Dividend • Mar 12
Dividend increased to NT$7.00 Dividend of NT$7.00 is 27% higher than last year. Ex-date: 26th March 2026 Payment date: 20th April 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$2.65 (vs NT$2.31 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.65 (up from NT$2.31 in 3Q 2024). Revenue: NT$1.12b (up 7.9% from 3Q 2024). Net income: NT$159.2m (up 15% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$2.87 (vs NT$2.47 in 2Q 2024) Second quarter 2025 results: EPS: NT$2.87 (up from NT$2.47 in 2Q 2024). Revenue: NT$1.04b (down 2.0% from 2Q 2024). Net income: NT$172.1m (up 16% from 2Q 2024). Profit margin: 17% (up from 14% in 2Q 2024). 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 whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$95.40, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 13x in the Basic Materials industry in Taiwan. Total returns to shareholders of 105% over the past three years. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: NT$2.40 (vs NT$1.98 in 1Q 2024) First quarter 2025 results: EPS: NT$2.40 (up from NT$1.98 in 1Q 2024). Revenue: NT$956.2m (up 6.5% from 1Q 2024). Net income: NT$144.1m (up 21% from 1Q 2024). Profit margin: 15% (up from 13% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$8.98 (vs NT$7.81 in FY 2023) Full year 2024 results: EPS: NT$8.98 (up from NT$7.81 in FY 2023). Revenue: NT$4.07b (up 6.4% from FY 2023). Net income: NT$538.9m (up 15% from FY 2023). Profit margin: 13% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Announcement • Mar 14
Lih Tai Construction Enterprise Co., Ltd., Annual General Meeting, May 29, 2025 Lih Tai Construction Enterprise Co., Ltd., Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: no,43, chang shu 2nd rd., sijhih district, new taipei city Taiwan Declared Dividend • Mar 13
Dividend increased to NT$5.50 Dividend of NT$5.50 is 20% higher than last year. Ex-date: 27th March 2025 Payment date: 23rd April 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 41% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 12
Lih Tai Construction Enterprise Co., Ltd. announces Annual dividend, payable on April 23, 2025 Lih Tai Construction Enterprise Co., Ltd. announced Annual dividend of TWD 5.5000 per share payable on April 23, 2025, ex-date on March 27, 2025 and record date on March 30, 2025. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$2.31 (vs NT$2.29 in 3Q 2023) Third quarter 2024 results: EPS: NT$2.31 (up from NT$2.29 in 3Q 2023). Revenue: NT$1.04b (up 8.1% from 3Q 2023). Net income: NT$138.6m (flat on 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$2.47 (vs NT$1.86 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.47 (up from NT$1.86 in 2Q 2023). Revenue: NT$1.06b (up 8.3% from 2Q 2023). Net income: NT$148.3m (up 33% from 2Q 2023). Profit margin: 14% (up from 11% in 2Q 2023). 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 whereas the company’s share price has increased by 20% per year. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$1.98 (vs NT$1.72 in 1Q 2023) First quarter 2024 results: EPS: NT$1.98 (up from NT$1.72 in 1Q 2023). Revenue: NT$897.9m (up 5.1% from 1Q 2023). Net income: NT$119.0m (up 16% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$7.81 (vs NT$5.96 in FY 2022) Full year 2023 results: EPS: NT$7.81 (up from NT$5.96 in FY 2022). Revenue: NT$3.83b (up 14% from FY 2022). Net income: NT$468.6m (up 31% from FY 2022). Profit margin: 12% (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 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 13
Upcoming dividend of NT$4.60 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 16 April 2024. Payout ratio is a comfortable 56% and the cash payout ratio is 90%. Trailing yield: 5.7%. Within top quartile of Taiwanese dividend payers (4.8%). Higher than average of industry peers (3.4%). Announcement • Mar 06
Lih Tai Construction Enterprise Co., Ltd., Annual General Meeting, May 20, 2024 Lih Tai Construction Enterprise Co., Ltd., Annual General Meeting, May 20, 2024. Buying Opportunity • Dec 06
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be NT$91.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$1.85 (vs NT$1.45 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.85 (up from NT$1.45 in 2Q 2022). Revenue: NT$981.8m (up 24% from 2Q 2022). Net income: NT$111.4m (up 28% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Apr 07
Upcoming dividend of NT$3.95 per share at 6.9% yield Eligible shareholders must have bought the stock before 14 April 2023. Payment date: 11 May 2023. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (5.8%). Higher than average of industry peers (3.9%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$1.63 (vs NT$1.62 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.63 (up from NT$1.62 in 3Q 2021). Revenue: NT$812.6m (up 20% from 3Q 2021). Net income: NT$98.2m (flat on 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.45 (vs NT$1.33 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.45 (up from NT$1.33 in 2Q 2021). Revenue: NT$790.5m (up 15% from 2Q 2021). Net income: NT$87.4m (up 9.1% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$1.64 (vs NT$1.31 in 1Q 2021) First quarter 2022 results: EPS: NT$1.64 (up from NT$1.31 in 1Q 2021). Revenue: NT$821.5m (up 35% from 1Q 2021). Net income: NT$99.4m (up 26% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 07
Upcoming dividend of NT$3.90 per share Eligible shareholders must have bought the stock before 14 April 2022. Payment date: 04 May 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (5.6%). In line with average of industry peers (6.7%). Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: NT$5.56 (vs NT$4.69 in FY 2020) Full year 2021 results: EPS: NT$5.56 (up from NT$4.69 in FY 2020). Revenue: NT$2.78b (up 3.4% from FY 2020). Net income: NT$335.5m (up 19% from FY 2020). Profit margin: 12% (up from 11% 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 57% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Lih Tai Construction Enterprise Co., Ltd., Annual General Meeting, Jun 14, 2022 Lih Tai Construction Enterprise Co., Ltd., Annual General Meeting, Jun 14, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.61 (vs NT$1.30 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: NT$679.7m (flat on 3Q 2020). Net income: NT$97.4m (up 24% from 3Q 2020). Profit margin: 14% (up from 12% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$1.33 (vs NT$1.08 in 2Q 2020) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: NT$686.3m (flat on 2Q 2020). Net income: NT$80.1m (up 23% from 2Q 2020). Profit margin: 12% (up from 9.5% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 12
Upcoming dividend of NT$3.55 per share Eligible shareholders must have bought the stock before 18 June 2021. Payment date: 16 July 2021. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (6.5%). Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$1.31 (vs NT$0.97 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$609.3m (up 6.9% from 1Q 2020). Net income: NT$79.2m (up 35% from 1Q 2020). Profit margin: 13% (up from 10% 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 66% 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 • Mar 30
Full year 2020 earnings released: EPS NT$4.69 (vs NT$2.06 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.69b (up 28% from FY 2019). Net income: NT$282.9m (up 128% from FY 2019). Profit margin: 11% (up from 5.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 22% share price gain to NT$55.60, the stock is trading at a trailing P/E ratio of 13.2x, up from the previous P/E ratio of 10.8x. This compares to an average P/E of 12x in the Basic Materials industry in Taiwan. Total returns to shareholders over the past three years are 106%. Is New 90 Day High Low • Jan 04
New 90-day high: NT$50.60 The company is up 16% from its price of NT$43.70 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is up 5.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.31 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$678.8m (up 28% from 3Q 2019). Net income: NT$78.5m (up 140% from 3Q 2019). Profit margin: 12% (up from 6.2% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.