Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Director Cheng-Hsien Lin was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Jun 25
Upcoming dividend of NT$11.47 per share Eligible shareholders must have bought the stock before 02 July 2026. Payment date: 30 July 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$427, the stock trades at a trailing P/E ratio of 43x. Average forward P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 524% over the past three years. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$1.07 in 1Q 2025) First quarter 2026 results: EPS: NT$2.00 (up from NT$1.07 in 1Q 2025). Revenue: NT$3.34b (up 42% from 1Q 2025). Net income: NT$312.8m (up 91% from 1Q 2025). Profit margin: 9.4% (up from 6.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 0.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 127% Cash payout ratio: 120% Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$415, the stock trades at a trailing P/E ratio of 46.3x. Average forward P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 528% over the past three years. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$362, the stock trades at a trailing P/E ratio of 40.3x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 436% over the past three years. Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: NT$9.05 (vs NT$17.59 in FY 2024) Full year 2025 results: EPS: NT$9.05 (down from NT$17.59 in FY 2024). Revenue: NT$13.2b (down 5.0% from FY 2024). Net income: NT$1.38b (down 48% from FY 2024). Profit margin: 11% (down from 19% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 05
Dynapack International Technology Corporation, Annual General Meeting, Jun 11, 2026 Dynapack International Technology Corporation, Annual General Meeting, Jun 11, 2026. Location: 13 floor no,188, wen ho rd., gueishan district, taoyuan city Taiwan Buy Or Sell Opportunity • Jan 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.5% to NT$342. The fair value is estimated to be NT$282, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$319, the stock trades at a trailing P/E ratio of 43.2x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 417% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$282 per share. Buy Or Sell Opportunity • Dec 22
Now 20% overvalued Over the last 90 days, the stock has fallen 5.5% to NT$341. The fair value is estimated to be NT$283, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$332, the stock trades at a trailing P/E ratio of 44.8x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 457% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$283 per share. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: NT$1.56 (vs NT$6.36 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.56 (down from NT$6.36 in 3Q 2024). Revenue: NT$3.62b (flat on 3Q 2024). Net income: NT$238.8m (down 75% from 3Q 2024). Profit margin: 6.6% (down from 27% in 3Q 2024). Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Sep 05
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 107% to NT$403. The fair value is estimated to be NT$321, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has grown by 4.6%. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$353, the stock trades at a trailing P/E ratio of 28.8x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 453% over the past three years. New Risk • Aug 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 175% Minor Risk Large one-off items impacting financial results. Buy Or Sell Opportunity • Aug 13
Now 20% undervalued Over the last 90 days, the stock has risen 27% to NT$258. The fair value is estimated to be NT$323, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has grown by 4.6%. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$268, the stock trades at a trailing P/E ratio of 21.9x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 317% over the past three years. Reported Earnings • Jul 26
Second quarter 2025 earnings released: EPS: NT$3.89 (vs NT$8.92 in 2Q 2024) Second quarter 2025 results: EPS: NT$3.89 (down from NT$8.92 in 2Q 2024). Revenue: NT$3.25b (down 18% from 2Q 2024). Net income: NT$593.6m (down 56% from 2Q 2024). Profit margin: 18% (down from 34% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$228, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 283% over the past three years. New Risk • Jun 24
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 8.8% 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 High level of non-cash earnings (40% accrual ratio). Minor Risks Dividend is not well covered by cash flows (174% cash payout ratio). Share price has been volatile over the past 3 months (8.8% average weekly change). Buy Or Sell Opportunity • Jun 24
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 6.9% to NT$208. The fair value is estimated to be NT$164, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 6.2%. Upcoming Dividend • Jun 03
Upcoming dividend of NT$12.50 per share Eligible shareholders must have bought the stock before 10 June 2025. Payment date: 07 July 2025. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.4%). Buy Or Sell Opportunity • May 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to NT$202. The fair value is estimated to be NT$166, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 6.2%. Buy Or Sell Opportunity • May 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to NT$202. The fair value is estimated to be NT$166, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 6.2%. Reported Earnings • May 05
First quarter 2025 earnings released: EPS: NT$1.07 (vs NT$1.37 in 1Q 2024) First quarter 2025 results: EPS: NT$1.07 (down from NT$1.37 in 1Q 2024). Revenue: NT$2.36b (down 31% from 1Q 2024). Net income: NT$163.4m (down 21% from 1Q 2024). Profit margin: 6.9% (up from 6.1% in 1Q 2024). 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 33% per year, which means it is well ahead of earnings. Announcement • Apr 23
Dynapack International Technology Corporation to Report Q1, 2025 Results on Apr 30, 2025 Dynapack International Technology Corporation announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$142, the stock trades at a trailing P/E ratio of 8.1x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 87% over the past three years. Buy Or Sell Opportunity • Mar 19
Now 23% undervalued Over the last 90 days, the stock has risen 1.9% to NT$189. The fair value is estimated to be NT$247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 22%. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$204, the stock trades at a trailing P/E ratio of 11.6x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 134% over the past three years. Reported Earnings • Mar 08
Full year 2024 earnings released: EPS: NT$17.59 (vs NT$5.23 in FY 2023) Full year 2024 results: EPS: NT$17.59 (up from NT$5.23 in FY 2023). Revenue: NT$13.9b (down 19% from FY 2023). Net income: NT$2.67b (up 239% from FY 2023). Profit margin: 19% (up from 4.6% in FY 2023). 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 increased by 17% per year, which means it is well ahead of earnings. Announcement • Mar 06
Dynapack International Technology Corporation, Annual General Meeting, Jun 10, 2025 Dynapack International Technology Corporation, Annual General Meeting, Jun 10, 2025. Location: 13 floor no,188, wen ho rd., gueishan district, taoyuan city Taiwan Buy Or Sell Opportunity • Mar 04
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to NT$174. The fair value is estimated to be NT$144, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 22%. Announcement • Feb 26
Dynapack International Technology Corporation to Report Fiscal Year 2024 Results on Mar 05, 2025 Dynapack International Technology Corporation announced that they will report fiscal year 2024 results on Mar 05, 2025 Buy Or Sell Opportunity • Feb 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to NT$183. The fair value is estimated to be NT$150, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 22%. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$169, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$184, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 126% over the past three years. Buy Or Sell Opportunity • Dec 18
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 78% to NT$184. The fair value is estimated to be NT$151, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 22%. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$193, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$177, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 131% over the past three years. New Risk • Nov 21
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 6.7% 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: Minor Risks 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 (6.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$133, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 86% over the past three years. Announcement • Oct 23
Dynapack International Technology Corporation to Report Q3, 2024 Results on Oct 30, 2024 Dynapack International Technology Corporation announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$8.92 (vs NT$1.66 in 2Q 2023) Second quarter 2024 results: EPS: NT$8.92 (up from NT$1.66 in 2Q 2023). Revenue: NT$3.95b (down 14% from 2Q 2023). Net income: NT$1.36b (up 442% from 2Q 2023). Profit margin: 34% (up from 5.5% in 2Q 2023). 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 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$95.30, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 27% over the past three years. Announcement • Jul 17
Dynapack International Technology Corporation to Report Q2, 2024 Results on Jul 24, 2024 Dynapack International Technology Corporation announced that they will report Q2, 2024 results on Jul 24, 2024 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$109, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 28% over the past three years. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$1.37 (vs NT$0.76 in 1Q 2023) First quarter 2024 results: EPS: NT$1.37 (up from NT$0.76 in 1Q 2023). Revenue: NT$3.43b (down 12% from 1Q 2023). Net income: NT$207.7m (up 83% from 1Q 2023). Profit margin: 6.1% (up from 2.9% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.0% to NT$89.00. The fair value is estimated to be NT$73.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Earnings per share has declined by 14%. Announcement • Apr 20
Dynapack International Technology Corporation to Report Q1, 2024 Results on Apr 25, 2024 Dynapack International Technology Corporation announced that they will report Q1, 2024 results on Apr 25, 2024 Upcoming Dividend • Apr 04
Upcoming dividend of NT$5.53 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 14 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (3.0%). Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: NT$5.23 (vs NT$5.33 in FY 2022) Full year 2023 results: EPS: NT$5.23 (down from NT$5.33 in FY 2022). Revenue: NT$17.2b (down 9.7% from FY 2022). Net income: NT$787.9m (down 1.2% from FY 2022). Profit margin: 4.6% (up from 4.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 07
Dividend reduced to NT$5.55 Dividend of NT$5.55 is 8.1% lower than last year. Ex-date: 11th April 2024 Payment date: 14th May 2024 Dividend yield will be 6.3%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (127% earnings payout ratio). However, it is well covered by cash flows (37% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 41% to bring the payout ratio under control, which is more than the 3.0% EPS growth achieved over the last 5 years. Announcement • Mar 07
Dynapack International Technology Corporation Announces Cash Dividend, Payable on May 14, 2024 Dynapack International Technology Corporation announced cash dividend of TWD 5.55 per share or TWD 840,027,304. Ex-rights (Ex-dividend) date is April 11, 2024. Ex-rights (Ex-dividend) record date is April 18, 2024. Payment date of cash dividend distribution is May 14, 2024. Announcement • Mar 06
Dynapack International Technology Corporation, Annual General Meeting, Jun 12, 2024 Dynapack International Technology Corporation, Annual General Meeting, Jun 12, 2024. Location: 13F.,No.188,Wenhe Rd.,Guishan Dist. Taoyuan City Taiwan Agenda: To consider business report; to consider 2023 audit committee review report; to consider 2023 earnings distribution of cash dividend report; to consider 2023 employees and director compensation report; to consider the amendment to the rules of procedure for board of directors meetings; to consider investment status report in mainland China; to consider 2023 business report and financial statements; to consider 2023 earnings distribution; to consider the amendment to the procedures for acquisition and disposal of assets; and to consider other issues. Announcement • Nov 02
Dynapack (Suzhou) Co., Ltd Announces Change of President Dynapack (Suzhou) Co. Ltd. announced change of the company’s President. Name of the previous position holder: Sheu, Ju-Jing. Resume of the previous position holder: President of Dynapack (Suzhou) Co. Ltd. Name of the new position holder: Chang, Chung-Hsing. Resume of the new position holder: President of Dynapack International Technology Corporation. Effective date of the new appointment is November 1, 2023. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: NT$1.04 (vs NT$1.10 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.04 (down from NT$1.10 in 3Q 2022). Revenue: NT$4.31b (down 12% from 3Q 2022). Net income: NT$156.4m (down 5.0% from 3Q 2022). Profit margin: 3.6% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: NT$1.66 (vs NT$2.34 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.66 (down from NT$2.34 in 2Q 2022). Revenue: NT$4.57b (up 7.2% from 2Q 2022). Net income: NT$250.3m (down 29% from 2Q 2022). Profit margin: 5.5% (down from 8.2% in 2Q 2022). The decrease in margin was driven by higher expenses. 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. Announcement • Jun 21
Dynapack International Technology Corporation Appoints Huang, Szu-Yuan as Corporate Governance Officer Dynapack International Technology Corporation announced the appointment of Huang, Szu-Yuan as Corporate governance officer. Effective date is June 19, 2023. Upcoming Dividend • Mar 31
Upcoming dividend of NT$6.04 per share at 7.3% yield Eligible shareholders must have bought the stock before 07 April 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (4.5%). Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: NT$5.33 (vs NT$22.42 in FY 2021) Full year 2022 results: EPS: NT$5.33 (down from NT$22.42 in FY 2021). Revenue: NT$19.1b (down 8.2% from FY 2021). Net income: NT$797.4m (down 76% from FY 2021). Profit margin: 4.2% (down from 16% in FY 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Han-Ping D. Shieh 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 • Oct 27
Third quarter 2022 earnings released: EPS: NT$1.10 (vs NT$1.61 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.10 (down from NT$1.61 in 3Q 2021). Revenue: NT$4.87b (down 6.7% from 3Q 2021). Net income: NT$164.7m (down 31% from 3Q 2021). Profit margin: 3.4% (down from 4.5% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: NT$2.34 (vs NT$1.55 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.34 (up from NT$1.55 in 2Q 2021). Revenue: NT$4.27b (down 15% from 2Q 2021). Net income: NT$350.6m (up 54% from 2Q 2021). Profit margin: 8.2% (up from 4.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: NT$0.57 (down from NT$1.53 in 1Q 2021). Revenue: NT$4.38b (down 15% from 1Q 2021). Net income: NT$85.7m (down 62% from 1Q 2021). Profit margin: 2.0% (down from 4.4% in 1Q 2021). Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates by 41%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Chairman Tsung-Ming Chung was the last 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. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$94.00, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 155% over the past three years. Upcoming Dividend • Mar 30
Upcoming dividend of NT$15.03 per share Eligible shareholders must have bought the stock before 06 April 2022. Payment date: 04 May 2022. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 13%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 20% share price gain to NT$121, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 188% over the past three years. Announcement • Mar 10
Dynapack International Technology Corporation Approves Cash Dividend, Payable on May 4, 2022 Dynapack International Technology Corporation announced that at the board meeting held on March 8, 2022, the company approved the cash dividend of TWD 15.05 per share. Ex-rights (Ex-dividend) date is April 6, 2022. Record date is April 12, 2022. Payment date of cash dividend distribution is May 4, 2022. Reported Earnings • Mar 09
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: NT$22.42 (up from NT$7.02 in FY 2020). Revenue: NT$20.8b (up 7.3% from FY 2020). Net income: NT$3.31b (up 220% from FY 2020). Profit margin: 16% (up from 5.4% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates by 41%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS NT$1.61 (vs NT$1.86 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.22b (down 6.1% from 3Q 2020). Net income: NT$237.4m (down 13% from 3Q 2020). Profit margin: 4.5% (down from 4.9% 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 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS NT$1.55 (vs NT$3.03 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$5.02b (down 9.3% from 2Q 2020). Net income: NT$228.2m (down 49% from 2Q 2020). Profit margin: 4.5% (down from 8.1% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 09
Upcoming dividend of NT$6.50 per share Eligible shareholders must have bought the stock before 16 July 2021. Payment date: 04 August 2021. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.9%). Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS NT$1.53 (vs NT$0.63 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$5.16b (up 74% from 1Q 2020). Net income: NT$225.0m (up 144% from 1Q 2020). Profit margin: 4.4% (up from 3.1% 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 30% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 10
Dynapack International Technology Corporation, Annual General Meeting, Jun 07, 2021 Dynapack International Technology Corporation, Annual General Meeting, Jun 07, 2021. Location: 13F., No. 188, Wenhe Rd. Guishan Dist. Tao Yuan City Taiwan Agenda: To consider 2020 Business Report; to consider audit Committee’s review of the 2020 annual final accounting ledgers and statements; to consider 2020 employees’ and directors’ compensation; to consider the Company plans to sell the factory and office building in Guishan District,Taoyuan City and lease back partial floors for operation purposes; to consider the amendment to the Rules of Procedure for Board of Directors Meetings; to consider the amendment to the Codes of Ethical Conduct; to consider investment status in mainland China; to consider 2020 Business report and financial statements; to consider 2020 Earnings distribution; to consider the amendment to the Articles of Incorporation; and to consider other matters. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS NT$7.02 (vs NT$5.61 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$19.3b (up 8.8% from FY 2019). Net income: NT$1.04b (up 25% from FY 2019). Profit margin: 5.4% (up from 4.7% 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 31% per year whereas the company’s share price has increased by 36% per year. Is New 90 Day High Low • Feb 26
New 90-day high: NT$108 The company is up 28% from its price of NT$84.70 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 23% over the same period. Is New 90 Day High Low • Feb 04
New 90-day high: NT$92.00 The company is up 16% from its price of NT$79.50 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: NT$90.20 The company is up 12% from its price of NT$80.30 on 08 October 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: NT$83.50 The company is up 3.0% from its price of NT$80.70 on 28 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of NT$1.06b, up 46% from the prior year. Total revenue was NT$18.7b over the last 12 months, up 1.9% from the prior year.