New Risk • Jul 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.24b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.24b market cap, or US$99.8m). Reported Earnings • May 16
First quarter 2026 earnings released: NT$0.19 loss per share (vs NT$0.31 loss in 1Q 2025) First quarter 2026 results: NT$0.19 loss per share (improved from NT$0.31 loss in 1Q 2025). Revenue: NT$1.90b (up 149% from 1Q 2025). Net loss: NT$63.7m (loss narrowed 34% from 1Q 2025). 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 7% per year, which means it has not declined as severely as earnings. Announcement • Mar 31
Sun Yad Construction Co.,Ltd, Annual General Meeting, Jun 24, 2026 Sun Yad Construction Co.,Ltd, Annual General Meeting, Jun 24, 2026. Location: 4 floor no,250, sec.2 yung hua rd., an ping district, tainan city Taiwan Reported Earnings • Mar 31
Full year 2025 earnings released: NT$0.52 loss per share (vs NT$0.79 loss in FY 2024) Full year 2025 results: NT$0.52 loss per share (improved from NT$0.79 loss in FY 2024). Revenue: NT$4.40b (up 195% from FY 2024). Net loss: NT$170.6m (loss narrowed 20% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 14
Third quarter 2025 earnings released: NT$0.13 loss per share (vs NT$0.11 loss in 3Q 2024) Third quarter 2025 results: NT$0.13 loss per share (further deteriorated from NT$0.11 loss in 3Q 2024). Revenue: NT$1.11b (up 206% from 3Q 2024). Net loss: NT$44.0m (loss widened 37% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.27 loss per share (vs NT$0.05 profit in 2Q 2024) Second quarter 2025 results: NT$0.27 loss per share (down from NT$0.05 profit in 2Q 2024). Revenue: NT$948.8m (up 154% from 2Q 2024). Net loss: NT$91.3m (down NT$104.9m from profit in 2Q 2024). 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. Board Change • May 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 14
First quarter 2025 earnings released: NT$0.31 loss per share (vs NT$0.27 loss in 1Q 2024) First quarter 2025 results: NT$0.31 loss per share (further deteriorated from NT$0.27 loss in 1Q 2024). Revenue: NT$761.3m (up 233% from 1Q 2024). Net loss: NT$96.7m (loss widened 40% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • May 06
Sun Yad Construction Co.,Ltd to Report Q1, 2025 Results on May 13, 2025 Sun Yad Construction Co.,Ltd announced that they will report Q1, 2025 results on May 13, 2025 New Risk • Apr 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$2.5b free cash flow). Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$0.79 (vs NT$0.68 loss in FY 2023) Full year 2024 results: EPS: NT$0.79. Revenue: NT$1.49b (up 76% from FY 2023). Net loss: NT$214.4m (loss widened 48% from FY 2023). Announcement • Mar 05
Sun Yad Construction Co.,Ltd, Annual General Meeting, May 22, 2025 Sun Yad Construction Co.,Ltd, Annual General Meeting, May 22, 2025, at 13:00 Taipei Standard Time. Location: 4 floor no,250, sec.2 yung hua rd., an ping district, tainan city Taiwan New Risk • Feb 21
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 6.3% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 19
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: NT$0.11 loss per share. Revenue: NT$363.0m (up 101% from 3Q 2023). Net loss: NT$32.0m (loss widened 2.6% from 3Q 2023). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Chemicals industry in Taiwan. Announcement • Nov 05
Sun Yad Construction Co.,Ltd to Report Q3, 2024 Results on Nov 12, 2024 Sun Yad Construction Co.,Ltd announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: NT$0.05 (up from NT$0.14 loss in 2Q 2023). Revenue: NT$373.0m (up 129% from 2Q 2023). Net income: NT$13.6m (up NT$40.4m from 2Q 2023). Profit margin: 3.6% (up from net loss in 2Q 2023). Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Aug 03
Sun Yad Construction Co.,Ltd to Report Q2, 2024 Results on Aug 12, 2024 Sun Yad Construction Co.,Ltd announced that they will report Q2, 2024 results on Aug 12, 2024 Reported Earnings • May 19
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: NT$0.27 loss per share (further deteriorated from NT$0.21 loss in 1Q 2023). Revenue: NT$228.9m (down 27% from 1Q 2023). Net loss: NT$68.9m (loss widened 66% from 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Mar 14
Full year 2023 earnings released: NT$0.68 loss per share (vs NT$0.70 profit in FY 2022) Full year 2023 results: NT$0.68 loss per share (down from NT$0.70 profit in FY 2022). Revenue: NT$845.9m (down 64% from FY 2022). Net loss: NT$144.8m (down 203% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Mar 14
Sun Yad Construction Co.,Ltd, Annual General Meeting, May 29, 2024 Sun Yad Construction Co.,Ltd, Annual General Meeting, May 29, 2024. New Risk • Feb 19
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 5.7% 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 8.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Reported Earnings • Nov 15
Third quarter 2023 earnings released: NT$0.15 loss per share (vs NT$0.50 profit in 3Q 2022) Third quarter 2023 results: NT$0.15 loss per share (down from NT$0.50 profit in 3Q 2022). Revenue: NT$180.3m (down 77% from 3Q 2022). Net loss: NT$31.2m (down 132% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 12
Upcoming dividend of NT$0.55 per share Eligible shareholders must have bought the stock before 19 October 2023. Payment date: 24 November 2023. The company last paid an ordinary dividend in February 2018. The average dividend yield among industry peers is 3.8%. Announcement • Sep 20
Sun Yad Construction Co.,Ltd Announces Cash Dividend, Payment Date of 24Th November, 2023 Sun Yad Construction Co.,Ltd announced Cash dividend distributed from earnings is TWD 87,616,834 (TWD 0.31397361 per share). The capital reserve distributed cash dividends of TWD 65,712,626 (TWD 0.23548021 per share), Ex-rights (ex-dividend) trading date: 2023/10/19, Last date before book closure:2023/10/20, Book closure starting date:2023/10/21, Book closure ending date:2023/10/25, Payment date of cash dividend distribution: 24th November, 2023. New Risk • Sep 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% 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: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (NT$2.74b market cap, or US$85.7m). New Risk • Aug 11
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: 0.7% Last year net profit margin: 1.1% 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 Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$2.38b market cap, or US$74.7m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: NT$0.13 loss per share (vs NT$0.33 profit in 2Q 2022) Second quarter 2023 results: NT$0.13 loss per share (down from NT$0.33 profit in 2Q 2022). Revenue: NT$162.7m (down 80% from 2Q 2022). Net loss: NT$26.8m (down 140% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 30
Sun Yad Construction Co.,Ltd Elects Huang Ling-Tian as Independent Director Sun Yad Construction Co.,Ltd at its AGM, held on May 29, 2023, approved the addition of one independent director. Election Results: Term from 29th May, 2023 to 26th May, 2025, for a total of two years. Elected Independent Director: Huang Ling-tian. Resume of the new position holder: Vice General Manager, Hui Neng Technology Co. Ltd. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: NT$0.70 (vs NT$0.55 loss in FY 2021) Full year 2022 results: EPS: NT$0.70 (up from NT$0.55 loss in FY 2021). Revenue: NT$2.33b (up 125% from FY 2021). Net income: NT$140.1m (up NT$225.7m from FY 2021). Profit margin: 6.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Sun Yad Construction Co.,Ltd Announces Change of the President Sun Yad Construction Co.,Ltd announced change of the president. Name of the previous position holder: sung,yu-hao. Resume of the previous position holder: president of the company. Name of the new position holder: chang,yu-ming. Resume of the new position holder: Chairperson of the company. Circumstances of change: resignation. Reason for the change: personal career planning. Effective date of the new appointment: January 31, 2023. Position: general manager. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.50 (vs NT$0.082 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.50 (up from NT$0.082 loss in 3Q 2021). Revenue: NT$780.9m (up 135% from 3Q 2021). Net income: NT$98.9m (up NT$111.2m from 3Q 2021). Profit margin: 13% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.50 (vs NT$0.082 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.50 (up from NT$0.082 loss in 3Q 2021). Revenue: NT$780.9m (up 135% from 3Q 2021). Net income: NT$98.9m (up NT$111.2m from 3Q 2021). Profit margin: 13% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.30 (vs NT$0.074 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.30 (up from NT$0.074 loss in 2Q 2021). Revenue: NT$824.1m (up 240% from 2Q 2021). Net income: NT$66.8m (up NT$78.8m from 2Q 2021). Profit margin: 8.1% (up from net loss in 2Q 2021). 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 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: NT$0.03 loss per share (up from NT$0.20 loss in 1Q 2021). Revenue: NT$350.9m (up 61% from 1Q 2021). Net loss: NT$6.16m (loss narrowed 81% from 1Q 2021). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: NT$0.50 loss per share (up from NT$0.83 loss in FY 2020). Revenue: NT$1.04b (down 16% from FY 2020). Net loss: NT$85.6m (loss narrowed 37% from FY 2020). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: NT$0.08 loss per share (vs NT$0.059 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: NT$331.7m (up 139% from 3Q 2020). Net loss: NT$12.3m (loss widened 29% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
Second quarter 2021 earnings released: NT$0.07 loss per share (vs NT$0.21 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: NT$242.5m (down 65% from 2Q 2020). Net loss: NT$12.0m (loss narrowed 66% from 2Q 2020). 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. Reported Earnings • Mar 23
Full year 2020 earnings released: NT$0.85 loss per share (vs NT$1.02 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: NT$1.24b (up 71% from FY 2019). Net loss: NT$135.6m (loss narrowed 17% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Mar 19
Sun Yad Construction Co.,Ltd, Annual General Meeting, Jun 07, 2021 Sun Yad Construction Co.,Ltd, Annual General Meeting, Jun 07, 2021. Is New 90 Day High Low • Dec 01
New 90-day high: NT$12.50 The company is up 5.0% from its price of NT$11.90 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: NT$0.058 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: NT$139.0m (up 9.3% from 3Q 2019). Net loss: NT$9.51m (loss narrowed 78% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 85% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 24
New 90-day low: NT$11.20 The company is down 9.0% from its price of NT$12.35 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.