Buy Or Sell Opportunity • Apr 23
Now 20% undervalued Over the last 90 days, the stock has risen 3.1% to NT$13.30. The fair value is estimated to be NT$16.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 18
Full year 2025 earnings released: NT$0.33 loss per share (vs NT$0.69 profit in FY 2024) Full year 2025 results: NT$0.33 loss per share (down from NT$0.69 profit in FY 2024). Revenue: NT$133.7m (down 26% from FY 2024). Net loss: NT$5.19m (down 147% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. New Risk • Mar 26
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 10% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (NT$228.8m market cap, or US$7.16m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (NT$154m revenue, or US$4.8m). Buy Or Sell Opportunity • Mar 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to NT$11.45. The fair value is estimated to be NT$14.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 17
Jason's Entertainment Co., Ltd., Annual General Meeting, Jun 04, 2026 Jason's Entertainment Co., Ltd., Annual General Meeting, Jun 04, 2026, at 11:00 Taipei Standard Time. Location: no,153, sec.2 ch`ung ch`ing n. rd., datong district, taipei city Taiwan Buy Or Sell Opportunity • Mar 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to NT$11.60. The fair value is estimated to be NT$14.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to NT$12.00. The fair value is estimated to be NT$15.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jan 07
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 6.6% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (NT$202.5m market cap, or US$6.44m). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Revenue is less than US$5m (NT$154m revenue, or US$4.9m). New Risk • Sep 03
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: NT$154m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (NT$269.5m market cap, or US$8.77m). Minor Risk Revenue is less than US$5m (NT$154m revenue, or US$5.0m). Upcoming Dividend • Jul 03
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 31 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.9%). New Risk • May 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 288% Cash payout ratio: 238% Dividend yield: 11% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 288% Cash payout ratio: 238% Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (NT$295.0m market cap, or US$9.85m). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: NT$0.70 (vs NT$0.32 in FY 2023) Full year 2024 results: EPS: NT$0.70 (up from NT$0.32 in FY 2023). Revenue: NT$179.6m (up 21% from FY 2023). Net income: NT$11.1m (up 121% from FY 2023). Profit margin: 6.2% (up from 3.4% in FY 2023). The increase in margin 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 56 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Jason's Entertainment Co., Ltd., Annual General Meeting, Jun 04, 2025 Jason's Entertainment Co., Ltd., Annual General Meeting, Jun 04, 2025. Location: no,153, sec.2 ch`ung ch`ing n. rd., datong district, taipei city Taiwan Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$20.20, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 24x in the Entertainment industry in Taiwan. Total loss to shareholders of 52% over the past three years. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (NT$268.7m market cap, or US$8.16m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (5.7% net profit margin). Revenue is less than US$5m (NT$136m revenue, or US$4.1m). New Risk • Dec 06
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 6.2% 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 Market cap is less than US$10m (NT$281.5m market cap, or US$8.69m). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (5.7% net profit margin). Revenue is less than US$5m (NT$136m revenue, or US$4.2m). Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$18.40, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 27x in the Entertainment industry in Taiwan. Total loss to shareholders of 42% over the past three years. Reported Earnings • Apr 13
Full year 2023 earnings released: EPS: NT$0.31 (vs NT$3.93 in FY 2022) Full year 2023 results: EPS: NT$0.31 (down from NT$3.93 in FY 2022). Revenue: NT$148.8m (down 40% from FY 2022). Net income: NT$5.02m (down 92% from FY 2022). Profit margin: 3.4% (down from 25% in FY 2022). The decrease in margin was driven by lower revenue. 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 29% per year, which means it has not declined as severely as earnings. New Risk • Apr 10
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 6.6% 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 Market cap is less than US$10m (NT$248.0m market cap, or US$7.75m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$15.55, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 24x in the Entertainment industry in Taiwan. Total loss to shareholders of 54% over the past three years. Announcement • Mar 19
Jason's Entertainment Co., Ltd., Annual General Meeting, Jun 06, 2024 Jason's Entertainment Co., Ltd., Annual General Meeting, Jun 06, 2024. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 174% Cash payout ratio: 426% Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (NT$320.5m market cap, or US$10.1m). New Risk • Jan 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NT$312.6m (US$9.97m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 174% Cash payout ratio: 426% Market cap is less than US$10m (NT$312.6m market cap, or US$9.97m). Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin). New Risk • Nov 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NT$320.5m (US$9.94m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 174% Cash payout ratio: 426% Market cap is less than US$10m (NT$320.5m market cap, or US$9.94m). Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to NT$22.10, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 16x in the Entertainment industry in Taiwan. Total returns to shareholders of 19% over the past three years. New Risk • Aug 18
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 175% Cash payout ratio: 426% Dividend yield: 11% 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. Payout ratio: 175% Cash payout ratio: 426% Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (NT$533.4m market cap, or US$16.7m). Buying Opportunity • Jun 30
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be NT$54.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 27%. Upcoming Dividend • Jun 22
Upcoming dividend of NT$3.53 per share at 7.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 31 July 2023. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (5.3%). Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: NT$3.93 (vs NT$5.50 in FY 2021) Full year 2022 results: EPS: NT$3.93 (down from NT$5.50 in FY 2021). Revenue: NT$247.1m (down 37% from FY 2021). Net income: NT$62.7m (down 28% from FY 2021). Profit margin: 25% (up from 22% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 25% per year. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 24% share price gain to NT$51.20, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 14x in the Entertainment industry in Taiwan. Total returns to shareholders of 394% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to NT$40.90, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 12x in the Entertainment industry in Taiwan. Total returns to shareholders of 207% over the past three years. Upcoming Dividend • Jul 21
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 9.8%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (6.1%). Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 18% share price gain to NT$42.90, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 14x in the Entertainment industry in Taiwan. Total returns to shareholders of 184% over the past three years. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: NT$5.50 (vs NT$5.56 in FY 2020) Full year 2021 results: EPS: NT$5.50 (down from NT$5.56 in FY 2020). Revenue: NT$391.7m (up 40% from FY 2020). Net income: NT$87.7m (flat on FY 2020). Profit margin: 22% (down from 31% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
First half 2021 earnings released: EPS NT$1.58 (vs NT$1.50 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: NT$144.3m (up 75% from 1H 2020). Net income: NT$25.3m (up 6.7% from 1H 2020). Profit margin: 18% (down from 29% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jul 29
Upcoming dividend of NT$4.97 per share Eligible shareholders must have bought the stock before 05 August 2021. Payment date: 03 September 2021. Trailing yield: 12%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (4.9%). Reported Earnings • Apr 09
Full year 2020 earnings released: EPS NT$5.56 (vs NT$0.89 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$280.1m (up 41% from FY 2019). Net income: NT$87.9m (up NT$73.8m from FY 2019). Profit margin: 31% (up from 7.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 11
Jason's Entertainment Co., Ltd., Annual General Meeting, May 28, 2021 Jason's Entertainment Co., Ltd., Annual General Meeting, May 28, 2021. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 43% share price gain to NT$46.00, the stock is trading at a trailing P/E ratio of 21x, up from the previous P/E ratio of 14.7x. This compares to an average P/E of 16x in the Entertainment industry in Taiwan. Total return to shareholders over the past three years is a loss of 20%. Is New 90 Day High Low • Mar 09
New 90-day high: NT$34.50 The company is up 40% from its price of NT$24.70 on 07 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 Entertainment industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 15% share price gain to NT$34.20, the stock is trading at a trailing P/E ratio of 15.6x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 17x in the Entertainment industry in Taiwan. Total return to shareholders over the past three years is a loss of 40%. Is New 90 Day High Low • Feb 02
New 90-day high: NT$32.50 The company is up 32% from its price of NT$24.70 on 03 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: NT$29.50 The company is up 8.0% from its price of NT$27.20 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 15
New 90-day low: NT$24.00 The company is down 2.0% from its price of NT$24.55 on 17 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 7.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day high: NT$30.00 The company is up 20% from its price of NT$24.90 on 30 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 11% over the same period.