Reported Earnings • May 19
First quarter 2026 earnings released: NT$0.94 loss per share (vs NT$0.34 loss in 1Q 2025) First quarter 2026 results: NT$0.94 loss per share (further deteriorated from NT$0.34 loss in 1Q 2025). Revenue: NT$2.18b (down 4.8% from 1Q 2025). Net loss: NT$496.0m (loss widened 176% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 22% per year. New Risk • Apr 15
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 8.4% 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 53% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Reported Earnings • Mar 11
Full year 2025 earnings released: NT$1.37 loss per share (vs NT$0.72 loss in FY 2024) Full year 2025 results: NT$1.37 loss per share (further deteriorated from NT$0.72 loss in FY 2024). Revenue: NT$8.67b (down 24% from FY 2024). Net loss: NT$724.6m (loss widened 90% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 15% 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. Announcement • Mar 10
Taiwan Styrene Monomer Corporation, Annual General Meeting, May 25, 2026 Taiwan Styrene Monomer Corporation, Annual General Meeting, May 25, 2026, at 09:30 Taipei Standard Time. Location: 8 floor no,11, chung shan s. rd., jhongjheng district, taipei city Taiwan Reported Earnings • Nov 17
Third quarter 2025 earnings released: NT$0.24 loss per share (vs NT$0.33 loss in 3Q 2024) Third quarter 2025 results: NT$0.24 loss per share (improved from NT$0.33 loss in 3Q 2024). Revenue: NT$2.22b (down 27% from 3Q 2024). Net loss: NT$124.5m (loss narrowed 29% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 12% per year. Reported Earnings • Aug 08
Second quarter 2025 earnings released: NT$0.36 loss per share (vs NT$0.01 profit in 2Q 2024) Second quarter 2025 results: NT$0.36 loss per share (down from NT$0.01 profit in 2Q 2024). Revenue: NT$2.45b (down 29% from 2Q 2024). Net loss: NT$192.5m (down NT$197.9m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 09
First quarter 2025 earnings released: NT$0.34 loss per share (vs NT$0.062 loss in 1Q 2024) First quarter 2025 results: NT$0.34 loss per share (further deteriorated from NT$0.062 loss in 1Q 2024). Revenue: NT$2.29b (up 3.0% from 1Q 2024). Net loss: NT$179.5m (loss widened 446% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Announcement • Apr 29
Taiwan Styrene Monomer Corporation to Report Q1, 2025 Results on May 07, 2025 Taiwan Styrene Monomer Corporation announced that they will report Q1, 2025 results on May 07, 2025 Reported Earnings • Mar 18
Full year 2024 earnings released: NT$0.72 loss per share (vs NT$0.88 loss in FY 2023) Full year 2024 results: NT$0.72 loss per share (improved from NT$0.88 loss in FY 2023). Revenue: NT$11.4b (up 20% from FY 2023). Net loss: NT$380.8m (loss narrowed 18% from FY 2023). 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 16% per year, which means it has not declined as severely as earnings. Announcement • Mar 14
Taiwan Styrene Monomer Corporation, Annual General Meeting, May 28, 2025 Taiwan Styrene Monomer Corporation, Annual General Meeting, May 28, 2025, at 09:30 Taipei Standard Time. Location: 8 floor no,11, chung shan s. rd., jhongjheng district, taipei city Taiwan Announcement • Mar 05
Taiwan Styrene Monomer Corporation to Report Fiscal Year 2024 Results on Mar 12, 2025 Taiwan Styrene Monomer Corporation announced that they will report fiscal year 2024 results on Mar 12, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: NT$0.34 loss per share (vs NT$0.006 profit in 3Q 2023) Third quarter 2024 results: NT$0.34 loss per share (down from NT$0.006 profit in 3Q 2023). Revenue: NT$3.03b (up 31% from 3Q 2023). Net loss: NT$176.4m (down NT$179.5m from profit in 3Q 2023). 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 13% per year, which means it has not declined as severely as earnings. Announcement • Oct 30
Taiwan Styrene Monomer Corporation to Report Q3, 2024 Results on Nov 06, 2024 Taiwan Styrene Monomer Corporation announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: NT$0.01 (vs NT$0.57 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.01 (up from NT$0.57 loss in 2Q 2023). Revenue: NT$3.43b (up 48% from 2Q 2023). Net income: NT$5.36m (up NT$304.8m from 2Q 2023). Profit margin: 0.2% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Jul 31
Taiwan Styrene Monomer Corporation to Report Q2, 2024 Results on Aug 07, 2024 Taiwan Styrene Monomer Corporation announced that they will report Q2, 2024 results on Aug 07, 2024 Announcement • Jun 27
Taiwan Styrene Monomer Corporation Announces Directorate Changes, Effective July 1, 2024 Taiwan Styrene Monomer Corporation announced for replacement of representative of Juristic Person as Director. Name of the previous position holder: Chih-Yao Sun. Resume of the previous position holder: Representative of Juristic Person as Director of Taiwan Styrene Monomer Corporation. Name of the new position holder: Kuo-Ching Chang. Resume of the new position holder: Independent Director of Taiwan Styrene Monomer Corporation. Reason for the change: Replacement of Representative of Juristic Person as Director. The effective date of new appointment is July 01, 2024. Reported Earnings • May 10
First quarter 2024 earnings released: NT$0.06 loss per share (vs NT$0.003 loss in 1Q 2023) First quarter 2024 results: NT$0.06 loss per share (further deteriorated from NT$0.003 loss in 1Q 2023). Revenue: NT$2.23b (down 4.0% from 1Q 2023). Net loss: NT$32.9m (loss widened NT$31.0m from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • May 02
Taiwan Styrene Monomer Corporation to Report Q1, 2024 Results on May 08, 2024 Taiwan Styrene Monomer Corporation announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Mar 15
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: NT$0.88 loss per share (further deteriorated from NT$0.71 loss in FY 2022). Revenue: NT$9.54b (down 26% from FY 2022). Net loss: NT$462.2m (loss widened 24% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 115%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Taiwan Styrene Monomer Corporation, Annual General Meeting, May 31, 2024 Taiwan Styrene Monomer Corporation, Annual General Meeting, May 31, 2024. Upcoming Dividend • Sep 28
Upcoming dividend of NT$0.20 per share at 1.2% yield Eligible shareholders must have bought the stock before 05 October 2023. Payment date: 25 October 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (3.8%). Reported Earnings • Aug 10
Second quarter 2023 earnings released: NT$0.57 loss per share (vs NT$0.28 loss in 2Q 2022) Second quarter 2023 results: NT$0.57 loss per share (further deteriorated from NT$0.28 loss in 2Q 2022). Revenue: NT$2.32b (down 39% from 2Q 2022). Net loss: NT$299.5m (loss widened 104% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Jun 27
Taiwan Styrene Monomer Corporation Announces Replacement of Representative of Juristicperson as Director Taiwan Styrene Monomer Corporation announced for Replacement of Representative of Juristic Person as Director. Name of the previous position holder: Cheng-Yuan Liu. Resume of the previous position holder: Director Representative-AnChin Development Inc. Name of the new position holder: Din-Rei Hsu. Resume of the new position holder: Director Representative-AnChin Development Inc. Reason for the change: Replacement of Representative of Juristic Person as Director. Effective date of the new appointment: 2023/06/26. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Jui-Mu Huang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: NT$0.33 loss per share (vs NT$0.28 loss in 3Q 2021) Third quarter 2022 results: NT$0.33 loss per share (further deteriorated from NT$0.28 loss in 3Q 2021). Revenue: NT$3.04b (down 7.5% from 3Q 2021). Net loss: NT$176.0m (loss widened 19% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 07
Upcoming dividend of NT$0.15 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 27 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (7.9%). Announcement • Aug 30
Taiwan Styrene Monomer Corporation Announces Cash Dividends, Payable on September 27, 2022 Taiwan Styrene Monomer Corporation announced cash dividends to common shareholders of TWD 79,180,465 (TWD 0.15 per share). Ex-rights (ex-dividend) trading date is September 14, 2022. Ex-rights (ex-dividend) record date is September 20, 2022. Cash dividend expected payment date is September 27, 2022. Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.28 loss per share (vs NT$0.47 profit in 2Q 2021) Second quarter 2022 results: NT$0.28 loss per share (down from NT$0.47 profit in 2Q 2021). Revenue: NT$3.82b (up 11% from 2Q 2021). Net loss: NT$146.9m (down 159% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Jun 23
Taiwan Styrene Monomer Corporation Approves Cash Dividend for 2021 Taiwan Styrene Monomer Corporation announced that at its Annual General Shareholders' Meeting held on June 22, 2022, approved cash dividend of TWD 0.15 per share for 2021. Reported Earnings • May 15
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$0.18 (down from NT$0.45 in 1Q 2021). Revenue: NT$3.54b (up 65% from 1Q 2021). Net income: NT$95.1m (down 60% from 1Q 2021). Profit margin: 2.7% (down from 11% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates. 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 15% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Director Chin-Chen Chien was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Third quarter 2021 earnings released: NT$0.28 loss per share (vs NT$0.013 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: NT$3.29b (up 66% from 3Q 2020). Net loss: NT$147.9m (down NT$154.5m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% 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 12
Second quarter 2021 earnings released: EPS NT$0.47 (vs NT$0.29 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$3.43b (up 83% from 2Q 2020). Net income: NT$249.6m (up 67% from 2Q 2020). Profit margin: 7.3% (down from 8.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% 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. Upcoming Dividend • Jul 15
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 06 August 2021. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 17% share price gain to NT$23.55, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 31% over the past three years. Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.59 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$2.14b (up 26% from 1Q 2020). Net income: NT$239.4m (up NT$550.7m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% 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. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$0.55 (vs NT$1.67 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$8.11b (down 34% from FY 2019). Net income: NT$287.5m (down 67% from FY 2019). Profit margin: 3.5% (down from 7.2% in FY 2019). The decrease in margin was driven by lower revenue. 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 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 22
New 90-day high: NT$19.40 The company is up 20% from its price of NT$16.15 on 23 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$14.55 per share. Is New 90 Day High Low • Nov 26
New 90-day high: NT$17.30 The company is up 8.0% from its price of NT$15.95 on 28 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$12.96 per share. Reported Earnings • Nov 10
Third quarter 2020 earnings released: EPS NT$0.01 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.98b (down 38% from 3Q 2019). Net income: NT$6.67m (down 97% from 3Q 2019). Profit margin: 0.3% (down from 6.4% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 10
Revenue and earnings miss expectations Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 60%. Over the next year, revenue is expected to shrink by 11% compared to a 8.9% growth forecast for the Chemicals industry in Taiwan.