Buy Or Sell Opportunity • 9h
Now 22% undervalued Over the last 90 days, the stock has risen 23% to NT$625. The fair value is estimated to be NT$804, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 9.8% in the next year. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$734, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Multiline Retail industry in Asia. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$808 per share. Declared Dividend • Jul 01
Dividend of NT$25.50 announced Shareholders will receive a dividend of NT$25.50. Ex-date: 16th July 2026 Payment date: 7th August 2026 Dividend yield will be 3.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.9% over the next year, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 16
Now 21% undervalued Over the last 90 days, the stock has risen 23% to NT$626. The fair value is estimated to be NT$789, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 9.8% in the next year. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: NT$9.00 (vs NT$7.40 in 1Q 2025) First quarter 2026 results: EPS: NT$9.00 (up from NT$7.40 in 1Q 2025). Revenue: NT$7.09b (up 13% from 1Q 2025). Net income: NT$990.0m (up 26% from 1Q 2025). Profit margin: 14% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 28
Price target decreased by 9.5% to NT$523 Down from NT$578, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$506. Stock is down 1.5% over the past year. The company is forecast to post earnings per share of NT$33.64 for next year compared to NT$29.54 last year. Announcement • Feb 24
POYA International Co., Ltd., Annual General Meeting, May 19, 2026 POYA International Co., Ltd., Annual General Meeting, May 19, 2026, at 09:00 Taipei Standard Time. Location: 6 floor no,74, sec.3 min tsu rd., west central district, tainan city Taiwan Reported Earnings • Feb 24
Full year 2025 earnings released: EPS: NT$29.54 (vs NT$26.48 in FY 2024) Full year 2025 results: EPS: NT$29.54 (up from NT$26.48 in FY 2024). Revenue: NT$25.3b (up 7.2% from FY 2024). Net income: NT$3.14b (up 12% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: NT$7.59 (vs NT$7.20 in 3Q 2024) Third quarter 2025 results: EPS: NT$7.59 (up from NT$7.20 in 3Q 2024). Revenue: NT$6.40b (up 4.5% from 3Q 2024). Net income: NT$808.3m (up 5.9% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: NT$5.58 (vs NT$5.56 in 2Q 2024) Second quarter 2025 results: EPS: NT$5.58 (up from NT$5.56 in 2Q 2024). Revenue: NT$6.04b (up 7.4% from 2Q 2024). Net income: NT$594.0m (flat on 2Q 2024). Profit margin: 9.8% (in line with 2Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year. Buy Or Sell Opportunity • Jul 29
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to NT$469. The fair value is estimated to be NT$601, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 9.5% in a year. Earnings are forecast to grow by 8.1% in the next year. Upcoming Dividend • Jul 08
Upcoming dividend of NT$23.00 per share Eligible shareholders must have bought the stock before 15 July 2025. Payment date: 15 August 2025. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (4.9%). Reported Earnings • May 01
First quarter 2025 earnings released: EPS: NT$7.48 (vs NT$6.71 in 1Q 2024) First quarter 2025 results: EPS: NT$7.48 (up from NT$6.71 in 1Q 2024). Revenue: NT$6.30b (up 7.2% from 1Q 2024). Net income: NT$784.6m (up 12% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Announcement • Apr 19
POYA International Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 POYA International Co., Ltd. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on Apr 28, 2025 Reported Earnings • Mar 11
Full year 2024 earnings released: EPS: NT$26.74 (vs NT$24.17 in FY 2023) Full year 2024 results: EPS: NT$26.74 (up from NT$24.17 in FY 2023). Revenue: NT$23.6b (up 7.0% from FY 2023). Net income: NT$2.80b (up 11% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Announcement • Feb 25
POYA International Co., Ltd., Annual General Meeting, May 27, 2025 POYA International Co., Ltd., Annual General Meeting, May 27, 2025, at 09:00 Taipei Standard Time. Location: 6 floor no,74, sec.3 min tsu rd., west central district, tainan city Taiwan Announcement • Feb 15
POYA International Co., Ltd. to Report Fiscal Year 2024 Results on Feb 24, 2025 POYA International Co., Ltd. announced that they will report fiscal year 2024 results on Feb 24, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: NT$7.27 (vs NT$6.82 in 3Q 2023) Third quarter 2024 results: EPS: NT$7.27 (up from NT$6.82 in 3Q 2023). Revenue: NT$6.12b (up 4.3% from 3Q 2023). Net income: NT$763.0m (up 7.0% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Oct 19
POYA International Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 POYA International Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Announcement • Jul 20
POYA International Co., Ltd. to Report Q2, 2024 Results on Jul 29, 2024 POYA International Co., Ltd. announced that they will report Q2, 2024 results on Jul 29, 2024 Upcoming Dividend • Jun 14
Upcoming dividend of NT$21.00 per share Eligible shareholders must have bought the stock before 21 June 2024. Payment date: 09 August 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (3.9%). Reported Earnings • May 02
First quarter 2024 earnings released: EPS: NT$6.78 (vs NT$6.36 in 1Q 2023) First quarter 2024 results: EPS: NT$6.78 (up from NT$6.36 in 1Q 2023). Revenue: NT$5.87b (up 11% from 1Q 2023). Net income: NT$701.5m (up 6.7% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: NT$24.41 (vs NT$20.06 in FY 2022) Full year 2023 results: EPS: NT$24.41 (up from NT$20.06 in FY 2022). Revenue: NT$22.1b (up 13% from FY 2022). Net income: NT$2.53b (up 22% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 27
POYA International Co., Ltd., Annual General Meeting, May 28, 2024 POYA International Co., Ltd., Annual General Meeting, May 28, 2024. Location: The conference room at 6th floor of the Company, No. 74, Sec. 3, Minzu Rd Tainan Taiwan Agenda: To consider the 2023 Business Report; to consider the Audit Committee's review of the 2023 Business Report, Financial Statements and Earnings Distribution Plan; to consider the distribution of 2023 employees's and directors's remuneration; to consider the receipt of directors's remuneration of 2023. E.Annual Earnings Distribution in cash dividends in 2023; to consider the 2023 Business Report and Financial Statements; to consider the annual Earnings Distribution in 2023; to consider proposal for a new share issue through capitalization of earnings; to amend the part of articles in Company's Rules and Procedure of shareholders's meeting; and to consider other matters. Buying Opportunity • Dec 29
Now 21% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be NT$702, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 28% in the next 2 years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: NT$6.89 (vs NT$6.01 in 3Q 2022) Third quarter 2023 results: EPS: NT$6.89 (up from NT$6.01 in 3Q 2022). Revenue: NT$5.87b (up 12% from 3Q 2022). Net income: NT$712.9m (up 15% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be NT$610, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 27% in the next 2 years. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: NT$4.59 (vs NT$2.78 in 2Q 2022) Second quarter 2023 results: EPS: NT$4.59 (up from NT$2.78 in 2Q 2022). Revenue: NT$5.28b (up 21% from 2Q 2022). Net income: NT$475.1m (up 66% from 2Q 2022). Profit margin: 9.0% (up from 6.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Meng-Che Wu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 30
Upcoming dividend of NT$23.90 per share at 4.0% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 25 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.0%). Announcement • May 31
POYA International Co., Ltd. Appoints Wu Meng-Che as Member of Audit Committee POYA International Co., Ltd. announced appointment to the 4th Audit Committee. Name of the new position holder: Independent director: Wu Meng-Che. Resume of the new position holder: Independent director: Wu Meng-Che - General Manager and Director, Tofu Co., Ltd. Effective date of the new member: May 30, 2023. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: NT$6.43 (vs NT$4.96 in 1Q 2022) First quarter 2023 results: EPS: NT$6.43 (up from NT$4.96 in 1Q 2022). Revenue: NT$5.29b (up 12% from 1Q 2022). Net income: NT$657.6m (up 30% from 1Q 2022). Profit margin: 12% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: NT$20.26 (vs NT$18.07 in FY 2021) Full year 2022 results: EPS: NT$20.26 (up from NT$18.07 in FY 2021). Revenue: NT$19.5b (up 12% from FY 2021). Net income: NT$2.07b (up 12% from FY 2021). Profit margin: 11% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Price Target Changed • Feb 16
Price target increased by 11% to NT$649 Up from NT$587, the current price target is an average from 5 analysts. New target price is 11% above last closing price of NT$585. Stock is up 41% over the past year. The company posted earnings per share of NT$18.07 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 Ming-Hsien Lee 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. Price Target Changed • Nov 03
Price target increased to NT$497 Up from NT$460, the current price target is an average from 6 analysts. New target price is 6.3% above last closing price of NT$468. Stock is down 5.0% over the past year. The company posted earnings per share of NT$18.07 last year. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: NT$6.07 (vs NT$3.88 in 3Q 2021) Third quarter 2022 results: EPS: NT$6.07 (up from NT$3.88 in 3Q 2021). Revenue: NT$5.25b (up 25% from 3Q 2021). Net income: NT$620.1m (up 57% from 3Q 2021). Profit margin: 12% (up from 9.4% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 20% share price gain to NT$430, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 20x in the Multiline Retail industry in Asia. Total returns to shareholders of 17% over the past three years. Reported Earnings • Jul 26
Second quarter 2022 earnings released: EPS: NT$2.84 (vs NT$2.79 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.84 (up from NT$2.79 in 2Q 2021). Revenue: NT$4.37b (up 15% from 2Q 2021). Net income: NT$286.8m (flat on 2Q 2021). Profit margin: 6.6% (down from 7.5% in 2Q 2021). 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 fallen by 7% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jul 13
Upcoming dividend of NT$11.00 per share Eligible shareholders must have bought the stock before 20 July 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (3.5%). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 22% share price gain to NT$322, the stock trades at a trailing P/E ratio of 18.7x. Average forward P/E is 17x in the Multiline Retail industry in Asia. Total loss to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$316, the stock trades at a trailing P/E ratio of 18.3x. Average forward P/E is 18x in the Multiline Retail industry in Asia. Total loss to shareholders of 1.5% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: NT$5.01 (vs NT$6.02 in 1Q 2021) First quarter 2022 results: EPS: NT$5.01 (down from NT$6.02 in 1Q 2021). Revenue: NT$4.71b (flat on 1Q 2021). Net income: NT$504.9m (down 17% from 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per 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 Ming-Hsien Lee 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 • Feb 22
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$18.25 (down from NT$20.97 in FY 2020). Revenue: NT$17.5b (flat on FY 2020). Net income: NT$1.84b (down 13% from FY 2020). Profit margin: 11% (down from 12% in FY 2020). Revenue was in line with analyst estimates. 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 10% per year. Announcement • Feb 22
POYA International Co., Ltd., Annual General Meeting, Jun 21, 2022 POYA International Co., Ltd., Annual General Meeting, Jun 21, 2022. Location: No. 74, Sec. 3, Minzu Rd West Central Dist Tainan Taiwan Agenda: To consider the 2021 business report and financial statements; to report 2021 employees' and directors' remuneration; to report 2021 cash dividend distribution; to consider issuances of new shares from capitalization of earnings; to consider amendments to part of articles of procedures for Acquisition or Disposal of Assets; and to transact other business. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS NT$3.92 (vs NT$6.83 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$4.21b (down 12% from 3Q 2020). Net income: NT$394.9m (down 43% from 3Q 2020). Profit margin: 9.4% (down from 14% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 05
Upcoming dividend of NT$18.70 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 31 August 2021. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (3.6%). Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS NT$2.91 (vs NT$4.08 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$3.79b (down 3.7% from 2Q 2020). Net income: NT$284.7m (down 29% from 2Q 2020). Profit margin: 7.5% (down from 10% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 19
Price target decreased to NT$695 Down from NT$747, the current price target is provided by 1 analyst. New target price is 27% above last closing price of NT$547. Stock is down 4.9% over the past year. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS NT$6.20 (vs NT$5.06 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.72b (up 11% from 1Q 2020). Net income: NT$606.4m (up 23% from 1Q 2020). Profit margin: 13% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 26
New 90-day high: NT$646 The company is up 8.0% from its price of NT$598 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 4.0% over the same period. Announcement • Feb 23
POYA International Co., Ltd., Annual General Meeting, Jun 22, 2021 POYA International Co., Ltd., Annual General Meeting, Jun 22, 2021. Location: No. 74, Sec. 3, Minzu Rd. Tainan City Taiwan Agenda: To consider and report the business of 2020; to consider Audit Committees review 2020 business report, financial statements and earnings distribution plan; to consider and report 2020 employees' and directors' remuneration; to consider and report 2020 cash dividend distribution; to consider Amendments to part of articles of Ethical Corporate Management Best Practice Principles and Procedures for Ethical Management and Guidelines for Conduct; to consider the 2020 business report and financial statements; to consider Dividend distribution of 2020; to consider Issuances of new shares from capitalization of earnings; and to consider other matters. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS NT$21.60 (vs NT$19.31 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$17.5b (up 11% from FY 2019). Net income: NT$2.11b (up 12% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Is New 90 Day High Low • Jan 15
New 90-day low: NT$575 The company is down 1.0% from its price of NT$582 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is up 1.0% over the same period. Reported Earnings • Oct 27
Third quarter earnings released Over the last 12 months the company has reported total profits of NT$2.09b, up 16% from the prior year. Total revenue was NT$17.0b over the last 12 months, up 11% from the prior year. Is New 90 Day High Low • Sep 29
New 90-day low: NT$540 The company is down 7.0% from its price of NT$579 on 01 July 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 3.0% over the same period. 
