Upcoming Dividend • 8h
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 13 July 2026. Payment date: 06 August 2026. Payout ratio is a comfortable 71% and the cash payout ratio is 80%. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.6%). Declared Dividend • Jun 15
Dividend increased to NT$1.00 Dividend of NT$1.00 is 25% higher than last year. Ex-date: 13th July 2026 Payment date: 6th August 2026 Dividend yield will be 3.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (80% 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. The company's earnings per share (EPS) would need to decline by 21% to shift the payout ratio to a potentially unsustainable range, which is more than the 18% EPS decline seen over the last 5 years. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.13 (vs NT$0.087 loss in 1Q 2025) First quarter 2026 results: EPS: NT$0.13 (up from NT$0.087 loss in 1Q 2025). Revenue: NT$18.0b (flat on 1Q 2025). Net income: NT$208.8m (up NT$353.5m from 1Q 2025). Profit margin: 1.2% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. New Risk • Mar 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$1.19 (vs NT$0.98 in FY 2024) Full year 2025 results: EPS: NT$1.19 (up from NT$0.98 in FY 2024). Revenue: NT$73.6b (down 6.1% from FY 2024). Net income: NT$1.97b (up 21% from FY 2024). Profit margin: 2.7% (up from 2.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% 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. Announcement • Mar 16
YFY Inc., Annual General Meeting, Jun 12, 2026 YFY Inc., Annual General Meeting, Jun 12, 2026. Location: 5 floor no,24, sec.1 hang chou s. rd., taipei city Taiwan Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.91 (vs NT$0.47 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.91 (up from NT$0.47 in 3Q 2024). Revenue: NT$18.5b (down 7.9% from 3Q 2024). Net income: NT$1.51b (up 93% from 3Q 2024). Profit margin: 8.2% (up from 3.9% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.05 (vs NT$0.008 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.05 (up from NT$0.008 in 2Q 2024). Revenue: NT$18.2b (down 7.8% from 2Q 2024). Net income: NT$73.2m (up 469% from 2Q 2024). Profit margin: 0.4% (up from 0.1% in 2Q 2024). 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 increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 07
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 11 July 2025. Payment date: 08 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.3%). Declared Dividend • Jun 23
Dividend reduced to NT$0.80 Dividend of NT$0.80 is 11% lower than last year. Ex-date: 11th July 2025 Payment date: 8th August 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend. Announcement • Jun 21
YFY Inc. Announces Cash Dividends, Payable on August 8, 2025 YFY Inc. announced cash dividends of TWD 1,328,297,196 or TWD 0.8 per share. The Payment date of common stock cash dividend distribution of August 8, 2025 with Ex-rights (ex-dividend) trading date of July 11, 2025 and Ex-rights (ex-dividend) record date of July 19, 2025. Reported Earnings • May 16
First quarter 2025 earnings released: NT$0.09 loss per share (vs NT$0.17 profit in 1Q 2024) First quarter 2025 results: NT$0.09 loss per share (down from NT$0.17 profit in 1Q 2024). Revenue: NT$18.1b (flat on 1Q 2024). Net loss: NT$144.7m (down 152% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 07
YFY Inc. to Report Q1, 2025 Results on May 14, 2025 YFY Inc. announced that they will report Q1, 2025 results on May 14, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$23.30, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 14x in the Forestry industry in Asia. Total loss to shareholders of 19% over the past three years. Announcement • Mar 17
YFY Inc., Annual General Meeting, Jun 20, 2025 YFY Inc., Annual General Meeting, Jun 20, 2025. Location: 5 floor no,24, sec.1 hang chou s. rd., taipei city Taiwan Announcement • Mar 07
YFY Inc. to Report Fiscal Year 2024 Results on Mar 14, 2025 YFY Inc. announced that they will report fiscal year 2024 results on Mar 14, 2025 Announcement • Mar 04
YFY Inc. Announces Executive Changes YFY Inc. announced the appointment of chief information security officer. Name, title, and resume of the previous position holder: York Kuo/General manager/Fidelis IT Solutions Co. Ltd. Name, title, and resume of the new position holder: Richard Chuang/General manager/Fidelis IT Solutions Co. Ltd. Effective date is on March 03, 2025. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.47 (vs NT$0.68 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.47 (down from NT$0.68 in 3Q 2023). Revenue: NT$20.1b (up 8.6% from 3Q 2023). Net income: NT$780.8m (down 31% from 3Q 2023). Profit margin: 3.9% (down from 6.1% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.01 (vs NT$0.12 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.01 (down from NT$0.12 in 2Q 2023). Revenue: NT$19.7b (up 8.9% from 2Q 2023). Net income: NT$12.9m (down 93% from 2Q 2023). Profit margin: 0.1% (down from 1.1% in 2Q 2023). The decrease in margin was driven by higher expenses. 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 5% per year, which means it has not declined as severely as earnings. Announcement • Aug 06
YFY Inc. to Report Q2, 2024 Results on Aug 13, 2024 YFY Inc. announced that they will report Q2, 2024 results on Aug 13, 2024 Declared Dividend • Jun 22
Dividend of NT$0.90 announced Shareholders will receive a dividend of NT$0.90. Ex-date: 11th July 2024 Payment date: 9th August 2024 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: NT$0.17 (vs NT$0.002 in 1Q 2023) First quarter 2024 results: EPS: NT$0.17 (up from NT$0.002 in 1Q 2023). Revenue: NT$17.9b (up 2.2% from 1Q 2023). Net income: NT$279.0m (up NT$276.2m from 1Q 2023). Profit margin: 1.6% (up from 0% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% 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 19
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: NT$1.10 (down from NT$1.31 in FY 2022). Revenue: NT$73.9b (down 7.2% from FY 2022). Net income: NT$1.83b (down 16% from FY 2022). Profit margin: 2.5% (down from 2.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Mar 15
YFY Inc., Annual General Meeting, Jun 20, 2024 YFY Inc., Annual General Meeting, Jun 20, 2024. Location: 5F, No.24, Sec. 1, Hangzhou S. Rd., Taipei, (GIS MOTC Convention Center) Taipei Taiwan Agenda: To consider report of 2023 business & financial statements; to consider Audit Committee report of 2023 audited financial report; to consider Report of the cash dividend distribution for year 2023; to consider Report of the employees & directors' remuneration for year 2023; to consider Report of the amendment Rules of Procedure for Board of Directors Meetings; to consider Ratification of operating reports and financial statements for year 2023; to consider ratification of earnings appropriation for year 2023; to elect the Company's 29th directors and independent directors; and to consider other matters. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: NT$0.12 (vs NT$0.31 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.12 (down from NT$0.31 in 2Q 2022). Revenue: NT$18.1b (down 9.7% from 2Q 2022). Net income: NT$190.3m (down 63% from 2Q 2022). Profit margin: 1.1% (down from 2.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 06
Upcoming dividend of NT$0.90 per share at 1.3% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$39.70, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 32x in the Forestry industry in Taiwan. Total returns to shareholders of 236% over the past three years. New Risk • Jun 22
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 6.0% 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Announcement • Jun 21
YFY Inc. Announces Cash Dividend for the Year 2022, Payable on August 11, 2023 YFY Inc. at its shareholders meeting held on June 20, 2023, announced Cash dividends, TWD 1,494,334,346 (TWD 0.9 per share). Ex-rights (ex-dividend) trading date is on July 13, 2023 with Ex-rights (ex-dividend) record date is on July 19, 2023. Payment date of cash dividend distribution is on August 11, 2023. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$37.00, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 10x in the Forestry industry in Asia. Total returns to shareholders of 210% over the past three years. Buying Opportunity • May 26
Now 22% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be NT$41.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 3.2%. Revenue is forecast to grow by 5.9% in a year. Earnings is forecast to decline by 20% in the next year. Reported Earnings • Mar 17
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: NT$1.31 (down from NT$3.13 in FY 2021). Revenue: NT$79.6b (down 6.6% from FY 2021). Net income: NT$2.17b (down 58% from FY 2021). Profit margin: 2.7% (down from 6.1% in FY 2021). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 4.4%. 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 35% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Yie-Yun Chang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.56 (vs NT$0.78 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.56 (down from NT$0.78 in 3Q 2021). Revenue: NT$2.51b (down 87% from 3Q 2021). Net income: NT$150.9m (down 88% from 3Q 2021). Profit margin: 6.0% (down from 6.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 12
YFY Inc. Appoints York Kuo as Chief Information Security Officer YFY Inc. APPOINTS York Kuo/General manager /Fidelis IT Solutions Co. Ltd. as Chief Information Security Officer. effective date is November 11, 2022. Announcement • Sep 28
YFY Inc. Announces Executive Changes YFY Inc. announced appointment of financial officer. Name, title, and resume of the previous position holder is K. T. Yin /VP of Center of Corporate Finance /YFY Inc. Name, title, and resume of the new position holder is Allen Chen /Assistant VP of Treasury Management Department /YFY Inc. Effective date is September 27, 2022. Reported Earnings • Aug 19
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: NT$0.31 (down from NT$1.02 in 2Q 2021). Revenue: NT$20.1b (down 11% from 2Q 2021). Net income: NT$519.1m (down 69% from 2Q 2021). Profit margin: 2.6% (down from 7.5% in 2Q 2021). Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) also surpassed analyst estimates by 1,450%. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 29% per year. Upcoming Dividend • Jul 08
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 15 July 2022. Payment date: 18 August 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (5.8%). Announcement • Jun 25
YFY Inc. Announces Cash Dividend for 2021 YFY Inc. announced cash dividends of TWD 2,490,557,243 or (TWD 1.5 per share) for 2021, Ex-rights (ex-dividend) record date is July 23, 2022 and Ex-rights (ex-dividend) trading date is July 15, 2022. Reported Earnings • May 22
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$0.15 (down from NT$0.94 in 1Q 2021). Revenue: NT$19.8b (down 7.0% from 1Q 2021). Net income: NT$244.4m (down 84% from 1Q 2021). Profit margin: 1.2% (down from 7.3% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 19
Consensus revenue estimates fall by 13% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$86.5b to NT$75.5b. EPS estimate fell from NT$2.98 to NT$0.71 per share. Net income forecast to shrink 77% next year vs 31% growth forecast for Forestry industry in Taiwan . Consensus price target down from NT$35.00 to NT$22.00. Share price fell 6.5% to NT$26.45 over the past week. Price Target Changed • May 18
Price target decreased to NT$22.00 Down from NT$35.35, the current price target is provided by 1 analyst. New target price is 19% below last closing price of NT$27.05. Stock is down 20% over the past year. The company is forecast to post earnings per share of NT$0.71 for next year compared to NT$3.13 last year. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Yie-Yun Chang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 18
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: NT$3.13 (down from NT$3.14 in FY 2020). Revenue: NT$85.3b (up 17% from FY 2020). Net income: NT$5.20b (flat on FY 2020). Profit margin: 6.1% (down from 7.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 1.4%, compared to a 26% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Jan 30
YFY Inc. Approves to Change the President of the Company YFY Inc. appointed David Lo as President in place of Willie Tsai, effective February 7, 2022. David Lo is Managing Director, UBS Taipei Branch. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.64 (vs NT$1.33 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.23b (down 88% from 3Q 2020). Net income: NT$156.8m (down 93% from 3Q 2020). Profit margin: 7.0% (down from 12% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.76 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$22.6b (up 30% from 2Q 2020). Net income: NT$1.70b (up 34% from 2Q 2020). Profit margin: 7.5% (up from 7.3% 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 58% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 29% share price gain to NT$50.60, the stock trades at a trailing P/E ratio of 13.7x. Average forward P/E is 12x in the Forestry industry in Taiwan. Total returns to shareholders of 360% over the past three years. Upcoming Dividend • Jun 02
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 09 July 2021. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.0%). Executive Departure • May 26
Assistant VP & Director has left the company On the 17th of May, Hsing Hui Ho's tenure in the role of Assistant VP & Director ended. We don't have any record of a personal shareholding under Hsing Hui's name. A total of 3 executives have left over the last 12 months. Executive Departure • May 26
Independent Director has left the company On the 17th of May, Wen-Cheng Huang's tenure as Independent Director ended after 8.9 years in the role. We don't have any record of a personal shareholding under Wen-Cheng's name. A total of 3 executives have left over the last 12 months. Executive Departure • May 26
Independent Director has left the company On the 17th of May, Tian Chong Chen's tenure as Independent Director ended after 8.9 years in the role. We don't have any record of a personal shareholding under Tian Chong's name. A total of 3 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 20% share price gain to NT$35.50, the stock trades at a trailing P/E ratio of 9.6x. Average forward P/E is 13x in the Forestry industry in Taiwan. Total returns to shareholders of 223% over the past three years. Announcement • May 18
YFY Inc. Approves Cash Dividend for the Year 2020 YFY Inc. at its shareholders meeting held on May 17, 2021, approved cash dividend of TWD 2,490,557,243 (TWD 1.5 per share). Ex-rights (ex-dividend) trading date is June 09, 2021, ex-rights (ex-dividend) record date is June 15, 2021. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.94 (vs NT$0.38 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$21.3b (up 32% from 1Q 2020). Net income: NT$1.56b (up 145% from 1Q 2020). Profit margin: 7.3% (up from 3.9% 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 53% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 18% share price gain to NT$37.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Forestry industry in Asia. Total returns to shareholders of 226% over the past three years. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$3.14 (vs NT$1.38 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$73.2b (down 2.0% from FY 2019). Net income: NT$5.21b (up 128% from FY 2019). Profit margin: 7.1% (up from 3.1% 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 45% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 09
New 90-day high: NT$29.70 The company is up 24% from its price of NT$23.90 on 09 December 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 16% over the same period. Announcement • Feb 27
YFY Inc., Annual General Meeting, May 17, 2021 YFY Inc., Annual General Meeting, May 17, 2021. Location: 5F, No.24, Sec. 1 Hangzhou S. Rd. Taipei Taiwan Agenda: To consider and approve the report of 2020 business & financial statements; to consider and approve the Audit Committee report of 2020 audited financial report;to consider and approve the report of the employees & directors' remuneration for year 2020; and to consider and approve the report the share release plan by installments of the subsidiary, Yuen Foong Yu Consumer Products., Ltd., to conduct its IPO plan 5.Cause for convening the meeting; to consider and approve the board members elections; and to consider and approve other business. Is New 90 Day High Low • Dec 15
New 90-day high: NT$24.90 The company is up 35% from its price of NT$18.45 on 16 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$21.94 per share. Announcement • Nov 21
YFY Inc. Announces Judgment Result of the 106 Jin-Jun-Su-Tze No.18 Announced by Taipei District Court YFY Inc. announced judgment result of the 106 Jin-Jun-Su-Tze No.18 announced by Taipei District Court. Parties to the legal matter: Director SC Ho, previous director SY Chiu, and the senior managers JB Chang, CF Wu, SS Chan and JC Min. Details of occurrence: A subsidiary of the company purchased certain exchangeable bond in the amount of USD 8.5 million issued by Giant Crystal in 2011. The prosecutor after investigation is of the view that the transaction was consummated in violation the Securities and Exchange Act and the Criminal Law and the relevant personals was indicated on August 18, 2018. The Taipei District Court announced its judgment as follows: Director SC Ho 8 years and 6 month, previous Director SY Chiu 4 years and 8 month, JB Chang 4 years and 6 month plus 4 month, SS Chan 4 years plus 6 month, and CF Wu and JC Min not guilty. The case can be appealed. The result has no material impact on the finance and business operations of the Company. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.33 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$18.8b (down 1.6% from 3Q 2019). Net income: NT$2.22b (up 88% from 3Q 2019). Profit margin: 12% (up from 6.2% 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 36% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 13
New 90-day high: NT$22.35 The company is up 52% from its price of NT$14.75 on 14 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$30.56 per share. Is New 90 Day High Low • Oct 26
New 90-day high: NT$19.95 The company is up 50% from its price of NT$13.30 on 28 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$13.55 per share.