Declared Dividend • Jun 18
Dividend of NT$1.00 announced Shareholders will receive a dividend of NT$1.00. Ex-date: 24th July 2026 Payment date: 28th August 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 21
First quarter 2026 earnings released: EPS: NT$0.39 (vs NT$0.59 in 1Q 2025) First quarter 2026 results: EPS: NT$0.39 (down from NT$0.59 in 1Q 2025). Revenue: NT$826.6m (up 2.6% from 1Q 2025). Net income: NT$73.8m (down 34% from 1Q 2025). Profit margin: 8.9% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Announcement • Mar 11
Sinphar Pharmaceutical Co.,Ltd., Annual General Meeting, Jun 16, 2026 Sinphar Pharmaceutical Co.,Ltd., Annual General Meeting, Jun 16, 2026. Location: no,95, hsin liao rd., chung shan ts`u, dongshan township, yilan county Taiwan Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.25 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.44 (up from NT$0.25 in 3Q 2024). Revenue: NT$872.7m (up 16% from 3Q 2024). Net income: NT$83.4m (up 75% from 3Q 2024). Profit margin: 9.6% (up from 6.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$0.38 (vs NT$0.36 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.38 (up from NT$0.36 in 2Q 2024). Revenue: NT$813.0m (up 5.7% from 2Q 2024). Net income: NT$68.1m (up 4.8% from 2Q 2024). Profit margin: 8.4% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 04
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 11 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.6%). Announcement • Jun 20
Sinphar Pharmaceutical Co.,Ltd. Announces Cash Dividend, Payable on August 15, 2025 Sinphar Pharmaceutical Co.,Ltd. announced cash dividend of TWD 181,139,784 or TWD 1.0000 per share payable on August 15, 2025, Ex-rights (ex-dividend) record date: July 19, 2025. Ex-rights (ex-dividend) trading date: July 11, 2025. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.62 (vs NT$0.61 in 1Q 2024) First quarter 2025 results: EPS: NT$0.62 (up from NT$0.61 in 1Q 2024). Revenue: NT$805.6m (up 3.6% from 1Q 2024). Net income: NT$112.4m (up 1.8% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Pharmaceuticals industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Sinphar Pharmaceutical Co.,Ltd. to Report Q1, 2025 Results on May 09, 2025 Sinphar Pharmaceutical Co.,Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: NT$1.68 (vs NT$2.07 in FY 2023) Full year 2024 results: EPS: NT$1.68 (down from NT$2.07 in FY 2023). Revenue: NT$3.15b (up 6.3% from FY 2023). Net income: NT$304.7m (down 19% from FY 2023). Profit margin: 9.7% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 52% growth forecast for the Pharmaceuticals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
Sinphar Pharmaceutical Co.,Ltd., Annual General Meeting, Jun 19, 2025 Sinphar Pharmaceutical Co.,Ltd., Annual General Meeting, Jun 19, 2025. Location: no,95, hsin liao rd., chung shan ts`u, dongshan township, yilan county Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.26 (vs NT$0.42 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.26 (down from NT$0.42 in 3Q 2023). Revenue: NT$749.5m (up 4.7% from 3Q 2023). Net income: NT$47.6m (down 38% from 3Q 2023). Profit margin: 6.4% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 30
Sinphar Pharmaceutical Co.,Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Sinphar Pharmaceutical Co.,Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Upcoming Dividend • Aug 28
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 08 October 2024. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.39 (vs NT$0.65 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.39 (down from NT$0.65 in 2Q 2023). Revenue: NT$769.3m (up 5.7% from 2Q 2023). Net income: NT$64.9m (down 40% from 2Q 2023). Profit margin: 8.4% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. 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 3% per year, which means it is significantly lagging earnings. Announcement • Jul 31
Sinphar Pharmaceutical Co.,Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Sinphar Pharmaceutical Co.,Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.66 (vs NT$0.48 in 1Q 2023) First quarter 2024 results: EPS: NT$0.66 (up from NT$0.48 in 1Q 2023). Revenue: NT$777.4m (flat on 1Q 2023). Net income: NT$110.4m (up 38% from 1Q 2023). Profit margin: 14% (up from 10% in 1Q 2023). 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 5% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Sinphar Pharmaceutical Co.,Ltd. to Report Q1, 2024 Results on May 06, 2024 Sinphar Pharmaceutical Co.,Ltd. announced that they will report Q1, 2024 results on May 06, 2024 Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: NT$2.24 (vs NT$1.34 in FY 2022) Full year 2023 results: EPS: NT$2.24 (up from NT$1.34 in FY 2022). Revenue: NT$2.96b (up 3.7% from FY 2022). Net income: NT$375.2m (up 67% from FY 2022). Profit margin: 13% (up from 7.9% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 07
Sinphar Pharmaceutical Co.,Ltd., Annual General Meeting, Jun 19, 2024 Sinphar Pharmaceutical Co.,Ltd., Annual General Meeting, Jun 19, 2024. Location: No. 95, Xinliao Rd., Zhongshan Village Dongshan Township, Yilan County 269, Taiwan Yilan Taiwan Agenda: To approve 2023 Business Report; to approve Audit Committee Review Report on the 2023 Financial Statements; to approve Report on 2023 Remuneration Distribution for Directors and Employees; to approve Report on Amendment to the Rules and Procedures of Board of Directors Meetings; to approve Status Report of Endorsements and Guarantees for Subsidiaries; and to discuss other matters. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$0.45 (vs NT$0.41 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.45 (up from NT$0.41 in 3Q 2022). Revenue: NT$715.8m (flat on 3Q 2022). Net income: NT$76.2m (up 12% from 3Q 2022). Profit margin: 11% (up from 9.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.65 (vs NT$0.52 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.65 (up from NT$0.52 in 2Q 2022). Revenue: NT$727.6m (up 1.6% from 2Q 2022). Net income: NT$109.0m (up 25% from 2Q 2022). Profit margin: 15% (up from 12% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 06
Upcoming dividend of NT$1.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (1.6%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: NT$1.34 (vs NT$0.23 loss in FY 2021) Full year 2022 results: EPS: NT$1.34 (up from NT$0.23 loss in FY 2021). Revenue: NT$2.86b (up 17% from FY 2021). Net income: NT$224.6m (up NT$262.8m from FY 2021). Profit margin: 7.9% (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 63% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 17% share price gain to NT$35.85, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 20x in the Pharmaceuticals industry in Taiwan. Total returns to shareholders of 91% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Director Hung Chih Lin was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.41 (vs NT$0.20 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.41 (up from NT$0.20 loss in 3Q 2021). Revenue: NT$709.1m (up 25% from 3Q 2021). Net income: NT$68.1m (up NT$101.5m from 3Q 2021). Profit margin: 9.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 18% share price gain to NT$34.35, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 18x in the Pharmaceuticals industry in Taiwan. Total returns to shareholders of 83% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.52 (vs NT$0.032 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.52 (up from NT$0.032 in 2Q 2021). Revenue: NT$716.2m (up 18% from 2Q 2021). Net income: NT$87.2m (up NT$81.9m from 2Q 2021). Profit margin: 12% (up from 0.9% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 14
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 25 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (2.8%). Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$0.35 (vs NT$0.03 in 1Q 2021) First quarter 2022 results: EPS: NT$0.35 (up from NT$0.03 in 1Q 2021). Revenue: NT$668.8m (up 8.4% from 1Q 2021). Net income: NT$58.1m (up NT$53.1m from 1Q 2021). Profit margin: 8.7% (up from 0.8% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Director Hung Chih Lin was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: NT$0.23 loss per share (vs NT$0.17 loss in FY 2020) Full year 2021 results: NT$0.23 loss per share (down from NT$0.17 loss in FY 2020). Revenue: NT$2.43b (up 1.9% from FY 2020). Net loss: NT$38.1m (loss widened 34% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Third quarter 2021 earnings released: NT$0.20 loss per share (vs NT$0.058 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: NT$566.9m (down 11% from 3Q 2020). Net loss: NT$33.4m (loss widened 242% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 24
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 24 September 2021. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.4%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.03 (vs NT$0.051 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$608.4m (up 4.3% from 2Q 2020). Net income: NT$5.31m (down 38% from 2Q 2020). Profit margin: 0.9% (down from 1.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.03 (vs NT$0.16 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$616.8m (down 1.4% from 1Q 2020). Net income: NT$5.03m (down 81% from 1Q 2020). Profit margin: 0.8% (down from 4.3% in 1Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: NT$0.17 loss per share (vs NT$0.083 profit in FY 2019) The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: NT$2.39b (flat on FY 2019). Net loss: NT$28.5m (down 304% from profit in FY 2019). 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 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 22
New 90-day high: NT$33.40 The company is up 4.0% from its price of NT$32.10 on 24 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Pharmaceuticals industry, which is down 9.0% over the same period. Is New 90 Day High Low • Jan 15
New 90-day low: NT$28.55 The company is down 19% from its price of NT$35.25 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Pharmaceuticals industry, which is also down 19% over the same period. Is New 90 Day High Low • Dec 03
New 90-day low: NT$31.20 The company is down 28% from its price of NT$43.50 on 04 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is down 7.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.06 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$639.5m (up 11% from 3Q 2019). Net loss: NT$9.77m (loss narrowed 4.1% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 29
New 90-day low: NT$33.35 The company is down 20% from its price of NT$41.80 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is up 7.0% over the same period.