Upcoming Dividend • Mar 20
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 27 March 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 8.3% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (1.9%). Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$5.63 (vs NT$5.34 in FY 2024) Full year 2025 results: EPS: NT$5.63 (up from NT$5.34 in FY 2024). Revenue: NT$6.47b (flat on FY 2024). Net income: NT$493.1m (up 5.5% from FY 2024). Profit margin: 7.6% (up from 7.3% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 14% per year. Announcement • Mar 12
Heran Co., Ltd., Annual General Meeting, Jun 23, 2026 Heran Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 1 floor no,289, wen ho rd., gueishan district, taoyuan city Taiwan Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$2.20 (vs NT$2.61 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.20 (down from NT$2.61 in 3Q 2024). Revenue: NT$1.65b (down 15% from 3Q 2024). Net income: NT$192.9m (down 16% from 3Q 2024). Profit margin: 12% (in line with 3Q 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 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 24
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 31 October 2025. Payment date: 18 November 2025. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$73.30, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total loss to shareholders of 17% over the past three years. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$2.59 (vs NT$2.76 in 2Q 2024) Second quarter 2025 results: EPS: NT$2.59 (down from NT$2.76 in 2Q 2024). Revenue: NT$2.10b (up 10.0% from 2Q 2024). Net income: NT$188.8m (down 6.3% from 2Q 2024). Profit margin: 9.0% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.46 loss in 1Q 2024) First quarter 2025 results: NT$0.16 loss per share (improved from NT$0.46 loss in 1Q 2024). Revenue: NT$1.27b (up 13% from 1Q 2024). Net loss: NT$11.3m (loss narrowed 66% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • May 01
Heran Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Heran Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$82.60, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 15% over the past three years. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: NT$6.40 (vs NT$7.78 in FY 2023) Full year 2024 results: EPS: NT$6.40 (down from NT$7.78 in FY 2023). Revenue: NT$6.42b (up 3.6% from FY 2023). Net income: NT$467.5m (down 18% from FY 2023). Profit margin: 7.3% (down from 9.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Mar 12
Heran Co., Ltd., Annual General Meeting, Jun 03, 2025 Heran Co., Ltd., Annual General Meeting, Jun 03, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,289, wen ho rd., gueishan district, taoyuan city Taiwan Announcement • Mar 11
Heran Co., Ltd. Omits to Pay Cash Dividend for the Second Half from July 1, 2024 to December 31, 2024 Heran Co., Ltd. announced dividend for the second half from July 1, 2024 to December 31, 2024. Appropriations of earnings in cash dividends to shareholders is TWD 0 per share. Cash distributed from legal reserve and capital surplus to shareholders is TWD 0. .Date of the board of directors resolution: March 10, 2025. Announcement • Feb 27
Heran Co., Ltd. to Report Q4, 2024 Results on Mar 10, 2025 Heran Co., Ltd. announced that they will report Q4, 2024 results on Mar 10, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$3.13 (vs NT$2.29 in 3Q 2023) Third quarter 2024 results: EPS: NT$3.13 (up from NT$2.29 in 3Q 2023). Revenue: NT$1.94b (up 20% from 3Q 2023). Net income: NT$228.5m (up 37% from 3Q 2023). Profit margin: 12% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% 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. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$2.76 (vs NT$3.39 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.76 (down from NT$3.39 in 2Q 2023). Revenue: NT$1.91b (down 3.3% from 2Q 2023). Net income: NT$201.4m (down 19% from 2Q 2023). Profit margin: 11% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 14
Dividend of NT$4.00 announced Shareholders will receive a dividend of NT$4.00. Ex-date: 29th August 2024 Payment date: 26th September 2024 Dividend yield will be 7.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio) nor is it adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 17% 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 grow by 22% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend. Announcement • Aug 02
Heran Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Heran Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Announcement • Jul 31
Heran Co., Ltd. Announces Change in Representative of the Company's Institutional Director Heran Co., Ltd. appointed Lei,Chia Chun,the principal financial officer and corporate governance officer of the company as Representative of the Company's Institutional Director in place of Tsai, Steven. Effective date of the new appointment on July 30, 2024. Reported Earnings • May 18
First quarter 2024 earnings released: NT$0.46 loss per share (vs NT$0.94 profit in 1Q 2023) First quarter 2024 results: NT$0.46 loss per share (down from NT$0.94 profit in 1Q 2023). Revenue: NT$1.12b (down 8.7% from 1Q 2023). Net loss: NT$33.3m (down 149% from profit in 1Q 2023). 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 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: NT$7.78 (vs NT$10.21 in FY 2022) Full year 2023 results: EPS: NT$7.78 (down from NT$10.21 in FY 2022). Revenue: NT$6.19b (down 9.5% from FY 2022). Net income: NT$568.1m (down 24% from FY 2022). Profit margin: 9.2% (down from 11% in FY 2022). The decrease in margin was driven by lower 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 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 12
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 22 April 2024. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.5%). Declared Dividend • Mar 07
Dividend of NT$4.00 announced Dividend of NT$4.00 is the same as last year. Ex-date: 19th March 2024 Payment date: 22nd April 2024 Dividend yield will be 6.9%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) nor is it covered by cash flows (112% cash payout ratio). The dividend has increased by an average of 25% 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 grow by 9.5% to bring the payout ratio under control. However, EPS has declined by 6.7% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 05
Heran Co., Ltd. Announces Executive Changes Heran Co., Ltd. announced the appointment of TSAI, PO-YI as chairperson in place of Tsai,Steven as chairperson. Effective from March 4, 2024. Resume of Tsai,Steven: Vice chairperson of Heran Co., LTD. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$2.29 (vs NT$2.95 in 3Q 2022) Third quarter 2023 results: EPS: NT$2.29 (down from NT$2.95 in 3Q 2022). Revenue: NT$1.61b (down 8.8% from 3Q 2022). Net income: NT$167.3m (down 22% from 3Q 2022). Profit margin: 10% (down from 12% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Aug 24
Upcoming dividend of NT$4.00 per share at 7.0% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (4.2%). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$3.38 (vs NT$3.77 in 2Q 2022) Second quarter 2023 results: EPS: NT$3.38 (down from NT$3.77 in 2Q 2022). Revenue: NT$1.98b (up 2.0% from 2Q 2022). Net income: NT$247.1m (down 10% from 2Q 2022). Profit margin: 13% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: NT$10.21 (vs NT$10.69 in FY 2021) Full year 2022 results: EPS: NT$10.21 (down from NT$10.69 in FY 2021). Revenue: NT$6.84b (up 7.5% from FY 2021). Net income: NT$745.2m (down 4.5% from FY 2021). Profit margin: 11% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 09
Upcoming dividend of NT$4.00 per share at 7.0% yield Eligible shareholders must have bought the stock before 16 March 2023. Payment date: 20 April 2023. Payout ratio and cash payout ratio are on the higher end at 78% and 81% respectively. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.5%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: NT$2.95 (vs NT$3.18 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.95 (down from NT$3.18 in 3Q 2021). Revenue: NT$1.77b (up 3.5% from 3Q 2021). Net income: NT$215.3m (down 7.1% from 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Buying Opportunity • Sep 26
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be NT$130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Aug 26
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 02 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$3.77 (vs NT$3.78 in 2Q 2021) Second quarter 2022 results: EPS: NT$3.77 (down from NT$3.78 in 2Q 2021). Revenue: NT$1.94b (up 5.9% from 2Q 2021). Net income: NT$275.1m (flat on 2Q 2021). Profit margin: 14% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Buying Opportunity • Aug 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be NT$132, 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. Buying Opportunity • Jun 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be NT$131, 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. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$1.99 (vs NT$2.17 in 1Q 2021) First quarter 2022 results: EPS: NT$1.99 (down from NT$2.17 in 1Q 2021). Revenue: NT$1.75b (up 35% from 1Q 2021). Net income: NT$145.0m (down 8.5% from 1Q 2021). Profit margin: 8.3% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 • Mar 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: NT$10.69 (down from NT$12.73 in FY 2020). Revenue: NT$6.36b (up 5.5% from FY 2020). Net income: NT$780.1m (down 17% from FY 2020). Profit margin: 12% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Upcoming Dividend • Mar 10
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 21 April 2022. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%). Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$3.18 (vs NT$4.91 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.71b (down 12% from 3Q 2020). Net income: NT$231.9m (down 35% from 3Q 2020). Profit margin: 14% (down from 19% 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 2% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Aug 26
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 30 September 2021. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%). Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$3.78 (vs NT$3.77 in 2Q 2020) The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: NT$1.83b (up 8.4% from 2Q 2020). Net income: NT$276.1m (flat on 2Q 2020). Profit margin: 15% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Reported Earnings • May 11
First quarter 2021 earnings released: EPS NT$2.17 (vs NT$2.15 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$1.29b (up 8.2% from 1Q 2020). Net income: NT$158.5m (down 3.0% from 1Q 2020). Profit margin: 12% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$12.73 (vs NT$10.73 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$6.03b (up 4.3% from FY 2019). Net income: NT$940.0m (up 21% from FY 2019). Profit margin: 16% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Announcement • Mar 20
Heran Co., Ltd., Annual General Meeting, Jun 17, 2021 Heran Co., Ltd., Annual General Meeting, Jun 17, 2021. Upcoming Dividend • Mar 15
Upcoming Dividend of NT$4.00 Per Share Will be paid on the 21st of April to those who are registered shareholders by the 22nd of March. The trailing yield of 5.7% is in the top quartile of Taiwanese dividend payers (4.9%), and it is higher than industry peers (3.0%). Is New 90 Day High Low • Feb 22
New 90-day high: NT$143 The company is up 32% from its price of NT$109 on 24 November 2020. The Taiwanese market is up 17% 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 • Jan 25
New 90-day high: NT$138 The company is up 35% from its price of NT$102 on 27 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: NT$119 The company is up 17% from its price of NT$102 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: NT$109 The company is up 3.0% from its price of NT$106 on 04 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 8.0% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$4.91 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.94b (up 14% from 3Q 2019). Net income: NT$358.3m (up 41% from 3Q 2019). Profit margin: 19% (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 fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.