Upcoming Dividend • Jul 25
Upcoming dividend of NT$1.03 per share Eligible shareholders must have bought the stock before 30 July 2026. Payment date: 19 August 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (5.0%). Declared Dividend • Jul 10
Dividend reduced to NT$1.00 Dividend of NT$1.00 is 83% lower than last year. Ex-date: 30th July 2026 Payment date: 19th August 2026 Dividend yield will be 2.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: NT$0.63 (vs NT$1.07 in 1Q 2025) First quarter 2026 results: EPS: NT$0.63 (down from NT$1.07 in 1Q 2025). Revenue: NT$2.59b (down 10% from 1Q 2025). Net income: NT$109.9m (down 42% from 1Q 2025). Profit margin: 4.2% (down from 6.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Mar 03
Gamania Digital Entertainment Co., Ltd., Annual General Meeting, Jun 24, 2026 Gamania Digital Entertainment Co., Ltd., Annual General Meeting, Jun 24, 2026. Location: 1 floor no,168, ching yeh 4th rd., taipei city Taiwan Reported Earnings • Mar 03
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: NT$1.53 loss per share (down from NT$11.78 profit in FY 2024). Revenue: NT$8.87b (down 20% from FY 2024). Net loss: NT$269.3m (down 113% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 16% per year. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Chia-Qi Hou was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: NT$0.01 (vs NT$1.89 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.01 (down from NT$1.89 in 3Q 2024). Revenue: NT$2.31b (down 29% from 3Q 2024). Net income: NT$2.49m (down 99% from 3Q 2024). Profit margin: 0.1% (down from 10% in 3Q 2024). Revenue is expected to decline by 7.6% p.a. on average during the next 2 years, while revenues in the Entertainment industry in Asia are expected to grow by 10%. Over the last 3 years on average, earnings per share has fallen by 7% 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. New Risk • Aug 19
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Cash payout ratio: 117% Dividend yield: 9.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Cash payout ratio: 117% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). 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: 1.9% Last year net profit margin: 20% 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: Minor Risks Dividend is not well covered by cash flows (117% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Aug 11
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: NT$0.64 loss per share (down from NT$8.80 profit in 2Q 2024). Revenue: NT$1.85b (down 24% from 2Q 2024). Net loss: NT$112.1m (down 107% from profit in 2Q 2024). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 73%. Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Entertainment industry in Asia are expected to grow by 9.8%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Gamania Digital Entertainment Co., Ltd. to Report Q2, 2025 Results on Aug 07, 2025 Gamania Digital Entertainment Co., Ltd. announced that they will report Q2, 2025 results on Aug 07, 2025 Upcoming Dividend • Jul 13
Upcoming dividend of NT$6.00 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 8.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.1%). Declared Dividend • Jun 28
Dividend increased to NT$6.00 Dividend of NT$6.00 is 83% higher than last year. Ex-date: 17th July 2025 Payment date: 8th August 2025 Dividend yield will be 7.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but 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 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 119% over the next year. Since a fall of 37% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. New Risk • Jun 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 119% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 119% per year for the foreseeable future. High level of non-cash earnings (57% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: NT$1.07 (vs NT$2.30 in 1Q 2024) First quarter 2025 results: EPS: NT$1.07 (down from NT$2.30 in 1Q 2024). Revenue: NT$2.88b (down 14% from 1Q 2024). Net income: NT$188.3m (down 53% from 1Q 2024). Profit margin: 6.5% (down from 12% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Apr 27
Gamania Digital Entertainment Co., Ltd. to Report Q1, 2025 Results on May 05, 2025 Gamania Digital Entertainment Co., Ltd. announced that they will report Q1, 2025 results on May 05, 2025 Reported Earnings • Mar 08
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: NT$11.78 (up from NT$3.28 in FY 2023). Revenue: NT$11.1b (up 13% from FY 2023). Net income: NT$2.07b (up 260% from FY 2023). Profit margin: 19% (up from 5.9% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Mar 07
Gamania Digital Entertainment Co., Ltd., Annual General Meeting, Jun 26, 2025 Gamania Digital Entertainment Co., Ltd., Annual General Meeting, Jun 26, 2025. Location: 1 floor no,168, ching yeh 4th rd., taipei city Taiwan Announcement • Feb 27
Gamania Digital Entertainment Co., Ltd. to Report Fiscal Year 2024 Results on Mar 06, 2025 Gamania Digital Entertainment Co., Ltd. announced that they will report fiscal year 2024 results on Mar 06, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: NT$1.89 (up from NT$1.06 in 3Q 2023). Revenue: NT$3.24b (up 21% from 3Q 2023). Net income: NT$331.7m (up 78% from 3Q 2023). Profit margin: 10% (up from 7.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 8.3%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Announcement • Oct 31
Gamania Digital Entertainment Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Gamania Digital Entertainment Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Major Estimate Revision • Aug 15
Consensus EPS estimates increase by 91%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$12.7b to NT$11.8b. EPS estimate rose from NT$7.02 to NT$13.40. Net income forecast to shrink 17% next year vs 35% growth forecast for Entertainment industry in Taiwan . Consensus price target down from NT$104 to NT$92.50. Share price was steady at NT$78.40 over the past week. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jul 31
Gamania Digital Entertainment Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Gamania Digital Entertainment Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Upcoming Dividend • Jul 02
Upcoming dividend of NT$3.28 per share Eligible shareholders must have bought the stock before 09 July 2024. Payment date: 31 July 2024. Payout ratio and cash payout ratio are on the higher end at 90% and 95% respectively. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.1%). Reported Earnings • May 05
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: NT$2.31 (up from NT$1.92 in 1Q 2023). Revenue: NT$3.33b (up 9.8% from 1Q 2023). Net income: NT$403.9m (up 20% from 1Q 2023). Profit margin: 12% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Mar 13
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: NT$3.28 (down from NT$7.29 in FY 2022). Revenue: NT$9.79b (down 14% from FY 2022). Net income: NT$575.2m (down 55% from FY 2022). Profit margin: 5.9% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Entertainment industry in Taiwan. 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 6% per year, which means it is well ahead of earnings. Announcement • Mar 07
Gamania Digital Entertainment Co., Ltd., Annual General Meeting, Jun 20, 2024 Gamania Digital Entertainment Co., Ltd., Annual General Meeting, Jun 20, 2024. Location: Ballroom of Grand Victoria Hotel at 1F (No.168,Jingye 4th Rd.,Taipei City) Taipei Taiwan Agenda: To approve Report on the Operations of 2023;to approve the Audit Committee's review report of 2023;to approve 2023 Distribution of Compensation for Directors and Employee Bonus;to approve the 2023 Directors' Remuneration Report;to approve 2023 Business Report and Financial Statements;to approve the Proposal for Distribution of 2023 profits;and to consider other matters. Announcement • Feb 03
Gamania Digital Entertainment Co., Ltd. Provides Revenue Guidance for the Month of January 2024 and Full Year of 2024 Gamania Digital Entertainment Co., Ltd. provided revenue guidance for the month of January 2024 and full year of 2024. The external estimate for company's revenue in January is likely to be close to TWD 1.5 billion, more than double the surge in December last year, reaching a new high in nearly five years and significantly boosting first-quarter financial growth.The full-year revenue is not only expected to show a significant growth compared to last year, but profitability is also anticipated to exceed one share capital, bringing overall operations back to a peak. Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$10.2b to NT$9.80b. EPS estimate also fell from NT$5.03 per share to NT$3.49 per share. Net income forecast to grow 54% next year vs 37% growth forecast for Entertainment industry in Taiwan. Consensus price target up from NT$75.00 to NT$89.00. Share price rose 3.6% to NT$71.50 over the past week. Price Target Changed • Nov 20
Price target increased by 19% to NT$89.00 Up from NT$75.00, the current price target is provided by 1 analyst. New target price is 26% above last closing price of NT$70.60. Stock is up 17% over the past year. The company is forecast to post earnings per share of NT$3.49 for next year compared to NT$7.29 last year. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings have declined by 4.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 111% Cash payout ratio: 123% Earnings have declined by 4.4% per year over the past 5 years. Reported Earnings • Aug 09
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: NT$0.38 (down from NT$1.41 in 2Q 2022). Revenue: NT$2.09b (down 14% from 2Q 2022). Net income: NT$67.1m (down 73% from 2Q 2022). Profit margin: 3.2% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to stay flat during the next 2 years compared to a 12% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 24
Upcoming dividend of NT$5.80 per share at 7.8% yield Eligible shareholders must have bought the stock before 31 July 2023. Payment date: 18 August 2023. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (5.2%). Major Estimate Revision • Jul 14
Consensus EPS estimates fall by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$10.6b to NT$10.2b. EPS estimate also fell from NT$7.32 per share to NT$5.03 per share. Net income forecast to shrink 18% next year vs 32% growth forecast for Entertainment industry in Taiwan . Consensus price target of NT$75.00 unchanged from last update. Share price was steady at NT$78.80 over the past week. Reported Earnings • Mar 15
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: NT$7.29 (up from NT$6.30 in FY 2021). Revenue: NT$11.4b (flat on FY 2021). Net income: NT$1.28b (up 16% from FY 2021). Profit margin: 11% (up from 9.7% in FY 2021). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 8.2%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target decreased to NT$68.00 Down from NT$75.00, the current price target is provided by 1 analyst. New target price is 14% above last closing price of NT$59.50. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of NT$7.48 for next year compared to NT$6.30 last year. 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. 4 non-independent directors. Independent Director Kuan-Pai Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: NT$2.81 (up from NT$2.46 in 3Q 2021). Revenue: NT$3.40b (down 3.7% from 3Q 2021). Net income: NT$492.7m (up 14% from 3Q 2021). Profit margin: 14% (up from 12% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Entertainment industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 07
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: NT$1.41 (up from NT$0.96 in 2Q 2021). Revenue: NT$2.42b (flat on 2Q 2021). Net income: NT$248.0m (up 48% from 2Q 2021). Profit margin: 10% (up from 7.0% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Over the next year, revenue is forecast to grow 3.4%, compared to a 19% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 14
Price target decreased to NT$68.00 Down from NT$75.00, the current price target is provided by 1 analyst. New target price is 21% above last closing price of NT$56.20. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$7.27 for next year compared to NT$6.30 last year. Major Estimate Revision • Jul 14
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$12.2b to NT$11.8b. EPS estimate also fell from NT$8.26 per share to NT$7.27 per share. Net income forecast to shrink 0.1% next year vs 16% growth forecast for Entertainment industry in Taiwan . Consensus price target down from NT$75.00 to NT$68.00. Share price was steady at NT$56.20 over the past week. Upcoming Dividend • Jun 30
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 27 July 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (5.9%). Reported Earnings • May 06
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: NT$2.97 (up from NT$1.76 in 1Q 2021). Revenue: NT$3.41b (up 9.7% from 1Q 2021). Net income: NT$521.4m (up 69% from 1Q 2021). Profit margin: 15% (up from 9.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 4.3%. Over the last 3 years on average, earnings per share has fallen by 8% 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. Price Target Changed • Apr 27
Price target increased to NT$75.00 Up from NT$70.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of NT$63.50. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of NT$6.77 for next year compared to NT$6.30 last year. 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. 4 non-independent directors. Independent Director Kuan-Pai Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 13
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: NT$6.30 (up from NT$5.00 in FY 2020). Revenue: NT$11.4b (up 8.9% from FY 2020). Net income: NT$1.11b (up 27% from FY 2020). Profit margin: 9.7% (up from 8.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 8.6%, compared to a 19% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 21% 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. Price Target Changed • Dec 21
Price target increased to NT$75.00 Up from NT$67.00, the current price target is provided by 1 analyst. New target price is 9.3% above last closing price of NT$68.60. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of NT$6.17 for next year compared to NT$5.00 last year. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS NT$2.46 (vs NT$1.31 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.53b (up 35% from 3Q 2020). Net income: NT$431.5m (up 89% from 3Q 2020). Profit margin: 12% (up from 8.7% in 3Q 2020). The increase in margin was driven by higher revenue. 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 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 19
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 15 September 2021. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (5.4%). Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.96 (vs NT$1.18 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.41b (down 5.6% from 2Q 2020). Net income: NT$168.1m (down 18% from 2Q 2020). Profit margin: 7.0% (down from 8.0% in 2Q 2020). The decrease in margin was driven by lower revenue. 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. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$1.76 (vs NT$2.14 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$3.11b (down 1.5% from 1Q 2020). Net income: NT$308.9m (down 18% from 1Q 2020). Profit margin: 9.9% (down from 12% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% 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 • Mar 24
Full year 2020 earnings released: EPS NT$5.00 (vs NT$5.10 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$10.4b (up 7.9% from FY 2019). Net income: NT$872.5m (down 1.7% from FY 2019). Profit margin: 8.4% (down from 9.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 03
New 90-day low: NT$62.60 The company is down 7.0% from its price of NT$67.60 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: NT$70.10 The company is up 12% from its price of NT$62.60 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$172 per share. Is New 90 Day High Low • Dec 05
New 90-day high: NT$68.10 The company is up 1.0% from its price of NT$67.40 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$149 per share. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$1.31 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$2.62b (up 9.8% from 3Q 2019). Net income: NT$228.0m (down 29% from 3Q 2019). Profit margin: 8.7% (down from 13% in 3Q 2019). 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 fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 30
New 90-day low: NT$61.00 The company is down 8.0% from its price of NT$66.60 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$161 per share. Is New 90 Day High Low • Oct 13
New 90-day low: NT$62.10 The company is down 16% from its price of NT$73.50 on 15 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$157 per share. Is New 90 Day High Low • Sep 25
New 90-day low: NT$62.20 The company is down 11% from its price of NT$69.70 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$160 per share.