New Risk • Jun 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (79% net debt to equity). Profit margins are more than 30% lower than last year (13% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding). Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$1.14 (vs NT$0.28 in 1Q 2025) First quarter 2026 results: EPS: NT$1.14 (up from NT$0.28 in 1Q 2025). Revenue: NT$3.19b (up NT$2.74b from 1Q 2025). Net income: NT$363.6m (up 381% from 1Q 2025). Profit margin: 11% (down from 17% 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 59% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$5.24 (vs NT$1.19 in FY 2024) Full year 2025 results: EPS: NT$5.24 (up from NT$1.19 in FY 2024). Revenue: NT$10.7b (up NT$9.64b from FY 2024). Net income: NT$1.42b (up 350% from FY 2024). Profit margin: 13% (down from 29% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
Jean Co.,Ltd, Annual General Meeting, May 29, 2026 Jean Co.,Ltd, Annual General Meeting, May 29, 2026. Location: 7 floor no,2, jui kuang rd., neihu district, taipei city Taiwan Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.12 (vs NT$0.031 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.12 (up from NT$0.031 in 3Q 2024). Revenue: NT$93.9m (down 31% from 3Q 2024). Net income: NT$32.4m (up 290% from 3Q 2024). Profit margin: 35% (up from 6.1% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 02
Upcoming dividend of NT$0.079 per share Eligible shareholders must have bought the stock before 09 September 2025. Payment date: 09 October 2025. Payout ratio is a comfortable 9.5% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.9%). New Risk • Aug 17
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: 16% Last year net profit margin: 31% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (44% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin). Declared Dividend • Aug 14
Dividend reduced to NT$0.08 Dividend of NT$0.08 is 27% lower than last year. Ex-date: 9th September 2025 Payment date: 9th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 3.7%. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.29 (vs NT$0.66 in 1Q 2024) First quarter 2025 results: EPS: NT$0.29 (down from NT$0.66 in 1Q 2024). Revenue: NT$452.1m (up 33% from 1Q 2024). Net income: NT$75.5m (down 56% from 1Q 2024). Profit margin: 17% (down from 51% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 06
Jean Co.,Ltd to Report Q1, 2025 Results on May 13, 2025 Jean Co.,Ltd announced that they will report Q1, 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$20.75, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 15x in the Auto Components industry in Taiwan. Total returns to shareholders of 70% over the past three years. Announcement • Apr 01
Jean Co.,Ltd Announces CFO Changes, Effective March 31, 2025 Jean Co.,Ltd announced CFO changes. Type of personnel changed: financial officer, accounting officer and corporate governance officer. Date of occurrence of the change: March 31, 2025.Name, title, and resume of the previous position holder: Li, Kuang-Shih/Head of Finance. Name, title, and resume of the new position holder: Lin, Mei-Tsu/Financial Special Assistant of the General Manager's Office. Type of the change: Resignation. Reason for the change: Personal career planning. Effective date: March 31, 2025. Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: NT$1.20 (vs NT$1.63 in FY 2023) Full year 2024 results: EPS: NT$1.20 (down from NT$1.63 in FY 2023). Revenue: NT$1.09b (down 56% from FY 2023). Net income: NT$315.0m (down 26% from FY 2023). Profit margin: 29% (up from 17% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 22
Jean Co.,Ltd to Report Fiscal Year 2024 Results on Mar 03, 2025 Jean Co.,Ltd announced that they will report fiscal year 2024 results on Mar 03, 2025 New Risk • Dec 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. New Risk • Dec 05
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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$0.03 (vs NT$0.22 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.03 (down from NT$0.22 in 3Q 2023). Revenue: NT$137.0m (up 248% from 3Q 2023). Net income: NT$8.32m (down 86% from 3Q 2023). Profit margin: 6.1% (down from 147% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 07
Jean Co.,Ltd to Report Q3, 2024 Results on Nov 14, 2024 Jean Co.,Ltd announced that they will report Q3, 2024 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$26.95, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 18x in the Auto Components industry in Taiwan. Total returns to shareholders of 151% over the past three years. New Risk • Sep 20
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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. New Risk • Sep 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 54% 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 Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 2.2% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Upcoming Dividend • Aug 29
Upcoming dividend of NT$0.11 per share Eligible shareholders must have bought the stock before 02 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 5.3% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.25 (vs NT$0.76 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.25 (down from NT$0.76 in 2Q 2023). Revenue: NT$119.8m (down 90% from 2Q 2023). Net income: NT$64.8m (down 67% from 2Q 2023). Profit margin: 54% (up from 16% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. Declared Dividend • Aug 15
Dividend increased to NT$0.11 Dividend of NT$0.11 is 119% higher than last year. Ex-date: 2nd September 2024 Payment date: 4th October 2024 Dividend yield will be 0.3%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 6%. Announcement • Aug 01
Jean Co.,Ltd to Report Q2, 2024 Results on Aug 13, 2024 Jean Co.,Ltd announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Jun 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% 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 Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.67 (vs NT$0.28 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.67 (up from NT$0.28 loss in 1Q 2023). Revenue: NT$339.4m (up NT$311.4m from 1Q 2023). Net income: NT$171.6m (up NT$242.7m from 1Q 2023). Profit margin: 51% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$32.55, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 22x in the Auto Components industry in Taiwan. Total returns to shareholders of 258% over the past three years. Announcement • May 08
Jean Co.,Ltd to Report Q1, 2024 Results on May 14, 2024 Jean Co.,Ltd announced that they will report Q1, 2024 results on May 14, 2024 New Risk • Mar 06
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: 17% Last year net profit margin: 26% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.4% operating cash flow to total debt). Earnings have declined by 25% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (17% net profit margin). Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: NT$1.67 (vs NT$0.55 in FY 2022) Full year 2023 results: EPS: NT$1.67 (up from NT$0.55 in FY 2022). Revenue: NT$2.50b (up 357% from FY 2022). Net income: NT$425.7m (up 202% from FY 2022). Profit margin: 17% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. New Risk • Feb 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 5.4% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. New Risk • Nov 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.6% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings have declined by 23% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 23% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Nov 15
Jean Co.,Ltd Appoints Chu, Kung-Sheng as Member of the Company's Remuneration Committee Jean Co.,Ltd Appointed Chu, Kung-Sheng as member of the company's remuneration committee. Name of the new position holder: Chu, Kung-Sheng. Resume of the new position holder: Symtake Chemical Co. Ltd.\ General Manager. Reason for the change: New appointment. Effective date of the new member: November 14, 2023~May 30, 2026. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$22.30, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 138% over the past three years. Announcement • Sep 06
Jean Co.,Ltd Announces Resignation of Members of Remuneration Committee Jean Co.,Ltd announced Resignation of Members of Remuneration Committee. Name of the previous position holder: Hsu, Chih-Ming. Resume of the previous position holder: EGANG Co. Ltd. \ General Manager. Upcoming Dividend • Aug 21
Upcoming dividend of NT$0.05 per share at 0.3% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 7.6% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$0.77 (vs NT$0.29 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.77 (up from NT$0.29 in 2Q 2022). Revenue: NT$1.22b (up 168% from 2Q 2022). Net income: NT$194.8m (up 168% from 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 09
Jean Co.,Ltd Announces Cash Dividend, Payable on October 2, 2023 Jean Co.,Ltd announced cash dividend of TWD 0.05019612 per share, totaling TWD 12,665,600. Ex-rights (ex-dividend) trading date is August 28, 2023. Ex-rights (ex-dividend) record date is September 3, 2023. Payment date of cash dividend distribution is October 2, 2023. New Risk • Jul 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: 8.4% Last year net profit margin: 35% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.4% net profit margin). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$18.25, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 19x in the Auto Components industry in Taiwan. Total returns to shareholders of 159% over the past three years. Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: NT$0.56 (vs NT$1.89 in FY 2021) Full year 2022 results: EPS: NT$0.56 (down from NT$1.89 in FY 2021). Revenue: NT$547.5m (down 64% from FY 2021). Net income: NT$140.9m (down 71% from FY 2021). Profit margin: 26% (down from 31% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jan 11
Jean Co.,Ltd Announces Financial Officer Changes Jean Co.,Ltd announced appointment of Li, Kuang-Shih/Special assistant as financial officer in place of Chi, Ron-Tsun/President. Effective date is January 10, 2023. Reported Earnings • Nov 16
Third quarter 2022 earnings released: NT$0.12 loss per share (vs NT$0.15 profit in 3Q 2021) Third quarter 2022 results: NT$0.12 loss per share (down from NT$0.15 profit in 3Q 2021). Revenue: NT$29.8m (down 75% from 3Q 2021). Net loss: NT$29.0m (down 177% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Kung-Sheng Chu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: NT$0.12 loss per share (vs NT$0.15 profit in 3Q 2021) Third quarter 2022 results: NT$0.12 loss per share (down from NT$0.15 profit in 3Q 2021). Revenue: NT$29.8m (down 75% from 3Q 2021). Net loss: NT$29.0m (down 177% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Nov 10
Jean Co.,Ltd (TWSE:2442) agreed to acquire 99.81% of Southeast Asia Entertainment Co., Ltd. for TWD 880 million. Jean Co.,Ltd (TWSE:2442) agreed to acquire 99.81% of Southeast Asia Entertainment Co., Ltd. for TWD 880 million on November 8, 2022. The transaction was approved by Jean Co.,Ltd (TWSE:2442) board of directors. Upcoming Dividend • Aug 22
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (2.7%). Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.30 (vs NT$1.36 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.30 (down from NT$1.36 in 2Q 2021). Revenue: NT$454.9m (down 51% from 2Q 2021). Net income: NT$72.8m (down 78% from 2Q 2021). Profit margin: 16% (down from 36% in 2Q 2021). The decrease in margin was driven by lower revenue. 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 3% per year, which means it has not declined as severely as earnings. Announcement • Aug 10
Jean Co.,Ltd Announces Cash Dividend, Payable on September 30, 2022 Jean Co.,Ltd announced that the cash dividend of TWD 0.20436979 per share, totaling TWD 48,927,112. Ex-rights (ex-dividend) trading date is August 29, 2022. .Ex-rights (ex-dividend) record date is September 4, 2022. The company's surplus capital increase and cash dividends are planned to be distributed by the company's stock agency on September 30, 2022. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$0.10 (vs NT$0.14 in 1Q 2021) First quarter 2022 results: EPS: NT$0.10 (down from NT$0.14 in 1Q 2021). Revenue: NT$30.9m (down 86% from 1Q 2021). Net income: NT$24.3m (down 30% from 1Q 2021). Profit margin: 79% (up from 16% in 1Q 2021). The increase in margin was driven by lower expenses. 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 3% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Kung-Sheng Chu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$1.99 (vs NT$0.66 in FY 2020) Full year 2021 results: EPS: NT$1.99 (up from NT$0.66 in FY 2020). Revenue: NT$1.53b (down 71% from FY 2020). Net income: NT$480.0m (up 212% from FY 2020). Profit margin: 31% (up from 2.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 01
Jean Co.,Ltd Declares Dividend for the Fiscal Year Ended December 31, 2021 Jean Co.,Ltd declared dividend of TWD 0.2 per share for the fiscal year ended December 31, 2021. Per value of common stock TWD 10.0. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.29 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$117.8m (down 92% from 3Q 2020). Net income: NT$37.9m (down 45% from 3Q 2020). Profit margin: 32% (up from 4.6% in 3Q 2020). The increase in margin was driven by lower expenses. 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 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 01
Upcoming dividend of NT$0.10 per share Eligible shareholders must have bought the stock before 08 November 2021. Payment date: 10 December 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.6%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$1.38 (vs NT$0.17 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: NT$921.9m (down 4.3% from 2Q 2020). Net income: NT$327.9m (up NT$288.3m from 2Q 2020). Profit margin: 36% (up from 4.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$0.15 (vs NT$0.64 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$219.0m (down 74% from 1Q 2020). Net income: NT$34.7m (up NT$186.3m from 1Q 2020). Profit margin: 16% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 18% share price gain to NT$12.25, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 29x in the Auto Components industry in Taiwan. Total returns to shareholders of 76% over the past three years. Announcement • Mar 11
Jean Co.,Ltd, Annual General Meeting, May 25, 2021 Jean Co.,Ltd, Annual General Meeting, May 25, 2021. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS NT$0.60 (vs NT$0.79 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$5.31b (up 7.5% from FY 2019). Net income: NT$153.8m (down 17% from FY 2019). Profit margin: 2.9% (down from 3.8% in FY 2019). The decrease in margin was driven by higher expenses. 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 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 28
New 90-day low: NT$9.43 The company is down 16% from its price of NT$11.22 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: NT$10.50 The company is down 8.0% from its price of NT$11.45 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 19% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.30 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.50b (up 41% from 3Q 2019). Net income: NT$68.9m (up NT$102.9m from 3Q 2019). Profit margin: 4.6% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. 
