Declared Dividend • Jun 25
Dividend reduced to NT$2.00 Dividend of NT$2.00 is 20% lower than last year. Ex-date: 9th July 2026 Payment date: 7th August 2026 Dividend yield will be 4.6%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (135% 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 decline by 9.2% to shift the payout ratio to a potentially unsustainable range, which is less than the 31% EPS decline seen over the last 5 years. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.87 (vs NT$0.47 in 1Q 2025) First quarter 2026 results: EPS: NT$0.87 (up from NT$0.47 in 1Q 2025). Revenue: NT$745.7m (up 28% from 1Q 2025). Net income: NT$56.2m (up 87% from 1Q 2025). Profit margin: 7.5% (up from 5.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% 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. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$46.30, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 31x in the Electronic industry in Taiwan. Total returns to shareholders of 13% over the past three years. New Risk • Mar 14
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: 5.1% Last year net profit margin: 8.9% 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 Earnings have declined by 38% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (108% payout ratio). Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (NT$2.39b market cap, or US$74.2m). Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$2.04 (vs NT$3.74 in FY 2024) Full year 2025 results: EPS: NT$2.04 (down from NT$3.74 in FY 2024). Revenue: NT$2.58b (down 4.6% from FY 2024). Net income: NT$131.2m (down 46% from FY 2024). Profit margin: 5.1% (down from 8.9% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 19% 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. Announcement • Mar 11
Ko Ja (Cayman) Co., Ltd., Annual General Meeting, Jun 23, 2026 Ko Ja (Cayman) Co., Ltd., Annual General Meeting, Jun 23, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,311, sec.2 chung shan rd., jhonghe district, new taipei city Taiwan Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$1.52 (vs NT$0.90 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.52 (up from NT$0.90 in 3Q 2024). Revenue: NT$722.9m (down 3.7% from 3Q 2024). Net income: NT$98.0m (up 69% from 3Q 2024). Profit margin: 14% (up from 7.7% in 3Q 2024). 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 9% per year, which means it has not declined as severely as earnings. New Risk • Sep 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 147% Cash payout ratio: 118% Dividend yield: 7.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 147% Cash payout ratio: 118% Earnings have declined by 32% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (NT$2.21b market cap, or US$73.4m). New Risk • Aug 27
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: 4.1% Last year net profit margin: 7.2% 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 Earnings have declined by 32% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (118% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (NT$2.28b market cap, or US$74.4m). Reported Earnings • Aug 27
Second quarter 2025 earnings released: NT$0.59 loss per share (vs NT$1.44 profit in 2Q 2024) Second quarter 2025 results: NT$0.59 loss per share (down from NT$1.44 profit in 2Q 2024). Revenue: NT$620.4m (down 10% from 2Q 2024). Net loss: NT$37.7m (down 141% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% 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 • Jun 28
Dividend increased to NT$2.50 Dividend of NT$2.50 is 67% higher than last year. Ex-date: 14th July 2025 Payment date: 8th August 2025 Dividend yield will be 6.6%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (312% 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 decline by 25% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.4% EPS decline seen over the last 5 years. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: NT$0.47 (vs NT$0.49 in 1Q 2024) First quarter 2025 results: EPS: NT$0.47 (down from NT$0.49 in 1Q 2024). Revenue: NT$581.2m (up 5.7% from 1Q 2024). Net income: NT$30.0m (down 4.6% from 1Q 2024). Profit margin: 5.2% (down from 5.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • May 06
Ko Ja (Cayman) Co., Ltd. to Report Q1, 2025 Results on May 13, 2025 Ko Ja (Cayman) 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 18% After last week's 18% share price decline to NT$34.10, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 31% over the past three years. Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: NT$3.74 (vs NT$2.75 in FY 2023) Full year 2024 results: EPS: NT$3.74 (up from NT$2.75 in FY 2023). Revenue: NT$2.70b (up 7.1% from FY 2023). Net income: NT$240.8m (up 36% from FY 2023). Profit margin: 8.9% (up from 7.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Mar 06
Ko Ja (Cayman) Co., Ltd. to Report Q4, 2024 Results on Mar 13, 2025 Ko Ja (Cayman) Co., Ltd. announced that they will report Q4, 2024 results on Mar 13, 2025 Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$0.90 (vs NT$0.73 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.90 (up from NT$0.73 in 3Q 2023). Revenue: NT$750.9m (flat on 3Q 2023). Net income: NT$58.1m (up 23% from 3Q 2023). Profit margin: 7.7% (up from 6.4% in 3Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Nov 02
Ko Ja (Cayman) Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Ko Ja (Cayman) Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: NT$1.44 (vs NT$1.59 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.44 (down from NT$1.59 in 2Q 2023). Revenue: NT$691.1m (up 9.0% from 2Q 2023). Net income: NT$92.5m (down 9.5% from 2Q 2023). Profit margin: 13% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% 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 fallen by 55% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$51.80, the stock trades at a trailing P/E ratio of 16.5x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total loss to shareholders of 25% over the past three years. Announcement • Aug 20
Ko Ja (Cayman) Co., Ltd. to Report Q2, 2024 Results on Aug 27, 2024 Ko Ja (Cayman) Co., Ltd. announced that they will report Q2, 2024 results on Aug 27, 2024 Price Target Changed • Aug 07
Price target decreased by 32% to NT$42.00 Down from NT$62.17, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$41.80. Stock is down 13% over the past year. The company posted earnings per share of NT$2.75 last year. New Risk • Jul 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$96.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (133% cash payout ratio). Profit margins are more than 30% lower than last year (7.6% net profit margin). Market cap is less than US$100m (NT$3.17b market cap, or US$96.6m). Declared Dividend • Jun 27
Dividend reduced to NT$1.50 Dividend of NT$1.50 is 25% lower than last year. Ex-date: 9th July 2024 Payment date: 31st July 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (133% cash payout ratio). The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 47% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.8% EPS decline seen over the last 5 years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.49 (vs NT$0.059 in 1Q 2023) First quarter 2024 results: EPS: NT$0.49 (up from NT$0.059 in 1Q 2023). Revenue: NT$549.9m (up 27% from 1Q 2023). Net income: NT$31.4m (up NT$27.7m from 1Q 2023). Profit margin: 5.7% (up from 0.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. New Risk • Apr 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.21b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (NT$3.21b market cap, or US$99.0m). Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$2.75 (vs NT$4.63 in FY 2022) Full year 2023 results: EPS: NT$2.75 (down from NT$4.63 in FY 2022). Revenue: NT$2.52b (up 2.4% from FY 2022). Net income: NT$176.9m (down 41% from FY 2022). Profit margin: 7.0% (down from 12% 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 57% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. New Risk • Nov 23
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: 7.5% Last year net profit margin: 12% 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 Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Dividend is not well covered by cash flows (122% cash payout ratio). Profit margins are more than 30% lower than last year (7.5% net profit margin). New Risk • Oct 13
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 8.0% 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 Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$66.60, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total loss to shareholders of 45% over the past three years. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: NT$1.59 (vs NT$1.49 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.59 (up from NT$1.49 in 2Q 2022). Revenue: NT$634.1m (down 7.5% from 2Q 2022). Net income: NT$102.2m (up 6.4% from 2Q 2022). Profit margin: 16% (up from 14% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year whereas the company’s share price has fallen by 35% per year. Upcoming Dividend • Jul 03
Upcoming dividend of NT$2.00 per share at 4.3% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.2%). Announcement • Jun 29
Ko Ja (Cayman) Co., Ltd. Announces Executive Changes Ko Ja (Cayman) Co., Ltd. announced elected or changed position: Independent director and natural-person director. Title and name of the previous position holder: Director: Lin, Chih-Feng; Chen, Wu-Kuei; Lee, Fi-Tien; Lin, Yu-Kai; Ho, Han-Ho and Lin, Yi-Hung. Independent Director: Lee, Chi-Ping; CHEN, Shu-Han and YEH, Ching-Yuan. Title and name of the new position holder: Director: Lin, Chih-Feng; Chen, I-Cheng; Lee, Fi-Tien; Lin, Yu-Kai; Ho, Han-Ho; Lin, Yi-Hung; Independent Director: Lee, Chi-Ping; Wu, Kuo-Hao; Shih, Cheng-Tung; Chang, Shih-Ho. The effective date of the new appointment from June 26, 2023 to June 26, 2026. Announcement • Jun 28
Ko Ja (Cayman) Co., Ltd. Announces Audit and Remuneration Committee Changes Ko Ja (Cayman) Co., Ltd. announced the appointment of following members to the Audit and Remuneration Committee: Wu, Kuo-Hao; Shih, Cheng-Tung; Chang, Shih-Ho. The company also announced the resignation of following members from the Audit and Remuneration Committee: CHEN, Shu-Han; YEH, Ching-Yuan. Resume of the previous position holder: Lee, Chi-Ping-An Xin Investment President CHEN, Shu-Han-Partner of Chen Jing Asset Management Co., Ltd. YEH, Ching-Yuan-KOJA Director. Resume of the new position holder: Wu, Kuo-Hao-SuZhou Lewinsh Taiwan Branch CEO Shih, Cheng-Tung-Wellfold investment Managing Director Chang, Shih-Ho-WISESTONE Lead Lawyer. The audit and remuneration committee comprises of Lee, Chi-Ping, Wu, Kuo-Hao¡BShih, Cheng-Tung¡BChang, Shih-Ho. Effective date of change is June 27, 2023. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: NT$4.62 (vs NT$8.76 in FY 2021) Full year 2022 results: EPS: NT$4.62 (down from NT$8.76 in FY 2021). Revenue: NT$2.46b (down 33% from FY 2021). Net income: NT$297.6m (down 46% from FY 2021). Profit margin: 12% (down from 15% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Buying Opportunity • Jan 11
Now 20% undervalued Over the last 90 days, the stock is up 5.3%. The fair value is estimated to be NT$57.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 6.7%. Board Change • Dec 01
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. 6 non-independent directors. Independent Director Chi-Ping 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. Upcoming Dividend • Jul 08
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 15 July 2022. Payment date: 08 August 2022. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 11%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.9%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.77 (vs NT$3.13 in 1Q 2021) First quarter 2022 results: EPS: NT$0.77 (down from NT$3.13 in 1Q 2021). Revenue: NT$674.8m (down 33% from 1Q 2021). Net income: NT$49.4m (down 74% from 1Q 2021). Profit margin: 7.3% (down from 19% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Ching-Yuan Yeh was the last independent director to join the board, commencing their role in 2015. 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 01
Full year 2021 earnings released: EPS: NT$8.76 (vs NT$13.11 in FY 2020) Full year 2021 results: EPS: NT$8.76 (down from NT$13.11 in FY 2020). Revenue: NT$3.67b (down 1.2% from FY 2020). Net income: NT$553.6m (down 26% from FY 2020). Profit margin: 15% (down from 20% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$2.00 (vs NT$4.16 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$874.9m (down 22% from 3Q 2020). Net income: NT$128.5m (down 48% from 3Q 2020). Profit margin: 15% (down from 22% 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 54% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS NT$2.54 (vs NT$4.09 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$915.1m (down 4.6% from 2Q 2020). Net income: NT$163.7m (down 28% from 2Q 2020). Profit margin: 18% (down from 24% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$106, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 410% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of NT$8.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 21 July 2021. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$3.12 (vs NT$0.73 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.01b (up 119% from 1Q 2020). Net income: NT$186.6m (up 371% from 1Q 2020). Profit margin: 19% (up from 8.6% 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 66% per year whereas the company’s share price has increased by 61% per year. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$99.80, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 363% over the past three years. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$13.11 (vs NT$4.57 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.72b (up 77% from FY 2019). Net income: NT$748.8m (up 202% from FY 2019). Profit margin: 20% (up from 12% 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 66% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 20
Ko Ja (Cayman) Co., Ltd. Announces the Change of President of the Company Ko Ja (Cayman) Co., Ltd. announced appointment of Chih-Feng Lin as president in place of Han-Ho Ho. These changes are effective March 18, 2021. Announcement • Mar 19
Ko Ja (Cayman) Co., Ltd., Annual General Meeting, Jun 23, 2021 Ko Ja (Cayman) Co., Ltd., Annual General Meeting, Jun 23, 2021, at 09:00 Taipei Standard Time. Location: 2F., No.311, Sec. 2, Zhongshan Rd., Zhonghe Dist., Taiwan (R.O.C.) New Taipei City Taiwan Agenda: To consider 2020 business report; to consider the Audit Committee’s review report of year 2020; to report the employees compensation and Directors compensation of year 2020; to report the cash dividends for year 2020 earnings; to report the amendment of Procedure Rules of Board Meetings; to accept the annual business report and financial statements of year 2020; to accept the profit distribution table of year 2020; to amend the Memorandum and Articles of Association; to amend the Procedural Rules of General Meetings; and to amend the Procedures for Derivative Products Transactions. Is New 90 Day High Low • Dec 16
New 90-day low: NT$134 The company is down 17% from its price of NT$162 on 16 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$4.16 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.12b (up 87% from 3Q 2019). Net income: NT$247.1m (up 181% from 3Q 2019). Profit margin: 22% (up from 15% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue beats expectations Revenue exceeded analyst estimates by 43%.