Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$1,110, the stock trades at a trailing P/E ratio of 30.8x. Average forward P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 742% over the past three years. Reported Earnings • May 18
First quarter 2026 earnings released: EPS: NT$12.76 (vs NT$5.18 in 1Q 2025) First quarter 2026 results: EPS: NT$12.76 (up from NT$5.18 in 1Q 2025). Revenue: NT$11.6b (up 36% from 1Q 2025). Net income: NT$1.58b (up 146% from 1Q 2025). Profit margin: 14% (up from 7.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 14
Final dividend of NT$14.50 announced Shareholders will receive a dividend of NT$14.50. Ex-date: 6th July 2026 Payment date: 24th July 2026 Dividend yield will be 2.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$825, the stock trades at a trailing P/E ratio of 29x. Average forward P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 596% over the past three years. Buy Or Sell Opportunity • Apr 28
Now 20% undervalued Over the last 90 days, the stock has risen 34% to NT$881. The fair value is estimated to be NT$1,105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$820, the stock trades at a trailing P/E ratio of 28.8x. Average forward P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 592% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$801, the stock trades at a trailing P/E ratio of 28.2x. Average forward P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 604% over the past three years. Reported Earnings • Mar 09
Full year 2025 earnings released: EPS: NT$28.42 (vs NT$21.09 in FY 2024) Full year 2025 results: EPS: NT$28.42 (up from NT$21.09 in FY 2024). Revenue: NT$41.5b (up 37% from FY 2024). Net income: NT$3.53b (up 35% from FY 2024). Profit margin: 8.5% (down from 8.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 05
Acter Group Corporation Limited, Annual General Meeting, May 28, 2026 Acter Group Corporation Limited, Annual General Meeting, May 28, 2026. Location: b2 floor no,201, sec.2 wen hsin rd., hsi tun district, taichung city Taiwan Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$678, the stock trades at a trailing P/E ratio of 25.7x. Average forward P/E is 14x in the Construction industry in Taiwan. Total returns to shareholders of 658% over the past three years. Upcoming Dividend • Jan 08
Upcoming dividend of NT$5.50 per share Eligible shareholders must have bought the stock before 15 January 2026. Payment date: 04 February 2026. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$803, the stock trades at a trailing P/E ratio of 30.5x. Average forward P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 813% over the past three years. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$8.22 (vs NT$5.06 in 3Q 2024) Third quarter 2025 results: EPS: NT$8.22 (up from NT$5.06 in 3Q 2024). Revenue: NT$11.0b (up 45% from 3Q 2024). Net income: NT$1.02b (up 63% from 3Q 2024). Profit margin: 9.2% (up from 8.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 09
First half dividend increased to NT$5.50 Dividend of NT$5.50 is 10% higher than last year. Ex-date: 15th January 2026 Payment date: 4th February 2026 Dividend yield will be 2.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$737, the stock trades at a trailing P/E ratio of 31.8x. Average forward P/E is 14x in the Construction industry in Taiwan. Total returns to shareholders of 829% over the past three years. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$834, the stock trades at a trailing P/E ratio of 36x. Average forward P/E is 14x in the Construction industry in Taiwan. Total returns to shareholders of 849% over the past three years. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$892, the stock trades at a trailing P/E ratio of 38.5x. Average forward P/E is 14x in the Construction industry in Taiwan. Total returns to shareholders of 886% over the past three years. Price Target Changed • Aug 09
Price target increased by 52% to NT$650 Up from NT$427, the current price target is provided by 1 analyst. New target price is 11% above last closing price of NT$587. Stock is up 133% over the past year. The company posted earnings per share of NT$21.09 last year. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$587, the stock trades at a trailing P/E ratio of 25.7x. Average forward P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 607% over the past three years. Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: NT$5.18 (vs NT$3.45 in 1Q 2024) First quarter 2025 results: EPS: NT$5.18 (up from NT$3.45 in 1Q 2024). Revenue: NT$8.56b (up 56% from 1Q 2024). Net income: NT$642.9m (up 50% from 1Q 2024). Profit margin: 7.5% (down from 7.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Construction 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 75% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 15
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 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Dividend is not well covered by cash flows (143% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$467, the stock trades at a trailing P/E ratio of 20.4x. Average forward P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 516% over the past three years. Upcoming Dividend • Jun 27
Upcoming dividend of NT$10.00 per share Eligible shareholders must have bought the stock before 04 July 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (4.0%). Declared Dividend • May 10
Dividend increased to NT$10.00 Dividend of NT$10.00 is 67% higher than last year. Ex-date: 4th July 2025 Payment date: 25th July 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (143% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Price Target Changed • May 04
Price target increased by 17% to NT$500 Up from NT$427, the current price target is provided by 1 analyst. New target price is 24% above last closing price of NT$404. Stock is up 96% over the past year. The company posted earnings per share of NT$21.09 last year. Tillkännagivande • May 01
Acter Group Corporation Limited to Report Q1, 2025 Results on May 08, 2025 Acter Group Corporation Limited 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 20% After last week's 20% share price decline to NT$288, the stock trades at a trailing P/E ratio of 13.7x. Average forward P/E is 11x in the Construction industry in Taiwan. Total returns to shareholders of 258% over the past three years. Reported Earnings • Mar 08
Full year 2024 earnings released: EPS: NT$21.09 (vs NT$15.03 in FY 2023) Full year 2024 results: EPS: NT$21.09 (up from NT$15.03 in FY 2023). Revenue: NT$30.3b (up 21% from FY 2023). Net income: NT$2.62b (up 42% from FY 2023). Profit margin: 8.7% (up from 7.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 05
Acter Group Corporation Limited, Annual General Meeting, May 22, 2025 Acter Group Corporation Limited, Annual General Meeting, May 22, 2025, at 09:00 Taipei Standard Time. Location: b2 floor no,201, sec.2 wen hsin rd., hsi tun district, taichung city Taiwan Price Target Changed • Mar 05
Price target decreased by 26% to NT$427 Down from NT$580, the current price target is provided by 1 analyst. New target price is 9.2% above last closing price of NT$391. Stock is up 101% over the past year. The company posted earnings per share of NT$15.03 last year. New Risk • Mar 04
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 6.1% 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 (6.1% average weekly change). Tillkännagivande • Feb 28
Acter Group Corporation Limited Announces Cash Dividend for the Second Half of 2024 Acter Group Corporation Limited announced Cash dividends of TWD 10 per share for the second half of 2024. Total amount of cash dividends to shareholders: TWD 1,240,809,300. Period which dividends belong to: July 1, 2024 to December 31, 2024. Tillkännagivande • Feb 20
Acter Group Corporation Limited to Report Q4, 2024 Results on Feb 27, 2025 Acter Group Corporation Limited announced that they will report Q4, 2024 results on Feb 27, 2025 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$452, the stock trades at a trailing P/E ratio of 25.3x. Average forward P/E is 12x in the Construction industry in Taiwan. Total returns to shareholders of 424% over the past three years. Upcoming Dividend • Dec 26
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 02 January 2025. Payment date: 17 January 2025. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (4.5%). Lower than average of industry peers (3.7%). New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. 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 • Dec 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$363, the stock trades at a trailing P/E ratio of 20.3x. Average forward P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 352% over the past three years. Declared Dividend • Nov 13
Dividend increased to NT$5.00 Dividend of NT$5.00 is 11% higher than last year. Ex-date: 2nd January 2025 Payment date: 17th January 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 9.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: NT$5.06 (vs NT$4.11 in 3Q 2023) Third quarter 2024 results: EPS: NT$5.06 (up from NT$4.11 in 3Q 2023). Revenue: NT$7.62b (up 18% from 3Q 2023). Net income: NT$628.0m (up 24% from 3Q 2023). Profit margin: 8.2% (up from 7.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Construction industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Nov 09
Acter Group Corporation Limited Announces the Dividend Distribution for the First Half Ended June 30, 2024, Payable on January 17, 2025 Acter Group Corporation Limited announced the dividend distribution of TWD 5 per share or TWD 620,404,650 for the first half ended June 30, 2024. Ex-rights (Ex-dividend) date is January 2, 2025. Ex-rights (Ex-dividend) record date is January 8, 2025. Payment date of cash dividend distribution is January 17, 2025. Tillkännagivande • Nov 01
Acter Group Corporation Limited to Report Q3, 2024 Results on Nov 08, 2024 Acter Group Corporation Limited announced that they will report Q3, 2024 results on Nov 08, 2024 Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$6.58 (vs NT$4.42 in 2Q 2023) Second quarter 2024 results: EPS: NT$6.58 (up from NT$4.42 in 2Q 2023). Revenue: NT$7.66b (up 20% from 2Q 2023). Net income: NT$816.9m (up 51% from 2Q 2023). Profit margin: 11% (up from 8.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Construction industry in Asia. 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 40% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 07
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to NT$233. The fair value is estimated to be NT$186, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 22%. Tillkännagivande • Aug 01
Acter Group Corporation Limited to Report Q2, 2024 Results on Aug 08, 2024 Acter Group Corporation Limited announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Jun 27
Upcoming dividend of NT$6.00 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.5%). Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Pi-Huei Wu was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 26
Acter Group Corporation Limited Announces the Dismissal of the Nominating Committee Acter Group Corporation Limited announced the dismissal of the Nominating Committee. Date of occurrence of the change: May 24, 2024. Name of the previous position holder: Liang, Chin-Li; Yang, Qian; Wang, Mao-Rong; Yeh, Hui-Hsin and Huang, Tzu-Pei. Liang, Chin-Li(Chairman, ACTER GROUP CORPORATION LIMITED); Yang, Qian (Honorary Professor, Institute of Business and Management, National Chiao Tung University); Wang, Mao-Rong (Representative, MJ Energy Master); Yeh, Hui-Hsin (Representative, Wei Chin CPAs & Co.) and Huang, Tzu-Pei (Lawyer, Meridian Attorneys-at-Law). Declared Dividend • May 22
Dividend of NT$6.00 announced Shareholders will receive a dividend of NT$6.00. Ex-date: 4th July 2024 Payment date: 26th July 2024 Dividend yield will be 4.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: NT$3.45 (vs NT$3.75 in 1Q 2023) First quarter 2024 results: EPS: NT$3.45 (down from NT$3.75 in 1Q 2023). Revenue: NT$5.48b (down 1.8% from 1Q 2023). Net income: NT$427.8m (down 4.3% from 1Q 2023). Profit margin: 7.8% (down from 8.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 02
Acter Group Corporation Limited to Report Q1, 2024 Results on May 09, 2024 Acter Group Corporation Limited announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: NT$15.03 (vs NT$16.84 in FY 2022) Full year 2023 results: EPS: NT$15.03 (down from NT$16.84 in FY 2022). Revenue: NT$25.1b (down 11% from FY 2022). Net income: NT$1.84b (down 4.9% from FY 2022). Profit margin: 7.3% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 25% per year. Tillkännagivande • Feb 27
Acter Group Corporation Limited, Annual General Meeting, May 24, 2024 Acter Group Corporation Limited, Annual General Meeting, May 24, 2024. Location: SWEETEN PLAZA’s international hall, B2F, No.201, Sec. 2, Wenxin Rd., Xitun Dist., Taichung City Taiwan Agenda: To report the distribution of 2023 employee and director compensation; to report 2023 Business Report; to consider Audit Committee’s Review Report of 2023 Financial Statements; to report the distribution of 2023 cash dividends; to report 2023 Corporate governance report; to report the 2023 annual operation of Audit Committee and its communication with the company's chief internal auditor; to report the connection and reasonableness between the compensation policy of the directors and managerial officers and performance assessment results in 2023; to consider Adoption of the 2023 Business Report and Financial Statements; to consider Adoption of the Proposal for Distribution of 2023 Profits; and to consider other matters. Upcoming Dividend • Jan 08
Upcoming dividend of NT$4.50 per share at 7.1% yield Eligible shareholders must have bought the stock before 15 January 2024. Payment date: 02 February 2024. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (4.8%). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$4.11 (vs NT$5.57 in 3Q 2022) Third quarter 2023 results: EPS: NT$4.11 (down from NT$5.57 in 3Q 2022). Revenue: NT$6.46b (down 23% from 3Q 2022). Net income: NT$507.6m (down 21% from 3Q 2022). Profit margin: 7.9% (up from 7.7% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 6.6% p.a. on average during the next 2 years, while revenues in the Construction industry in Asia are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 09
Acter Group Corporation Limited Approves Dividend Payment for the First Half of 2023 Acter Group Corporation Limited approved dividend of TWD 4.5 per share for the first half of 2023. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$4.42 (vs NT$3.21 in 2Q 2022) Second quarter 2023 results: EPS: NT$4.42 (up from NT$3.21 in 2Q 2022). Revenue: NT$6.40b (down 2.2% from 2Q 2022). Net income: NT$539.9m (up 47% from 2Q 2022). Profit margin: 8.4% (up from 5.6% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 29
Upcoming dividend of NT$8.26 per share at 7.9% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 7.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (5.6%). Tillkännagivande • May 12
Acter Group Corporation Limited Announces Dividend for the Second Half of 2022, Payable on July 27, 2023 Acter Group Corporation Limited announced dividend of TWD 1,012,987,908 per share for the second half of 2022. Ex-rights (Ex-dividend) date is July 06, 2023, Ex-rights (Ex-dividend) record date is July 12, 2023 and Payment date of cash dividend distribution is July 27, 2023. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: NT$16.84 (vs NT$10.54 in FY 2021) Full year 2022 results: EPS: NT$16.84 (up from NT$10.54 in FY 2021). Revenue: NT$28.3b (up 40% from FY 2021). Net income: NT$1.93b (up 61% from FY 2021). Profit margin: 6.8% (up from 6.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 31
Upcoming dividend of NT$3.42 per share at 6.4% yield Eligible shareholders must have bought the stock before 07 February 2023. Payment date: 24 February 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (5.3%). Tillkännagivande • Dec 28
Acter Group Corporation Limited Announces Distribution of Dividends for the First Half of 2022, Payable on February 24, 2023 Acter Group Corporation Limited announced distribution of dividends of TWD 402,696,280 for the first half of 2022. Payment date of cash dividend distribution on February 24, 2023 and Ex-rights (Ex-dividend) date is February 7, 2023. Board Change • Nov 16
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. 4 highly experienced directors. Independent Director Tzu-Pei Huang was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: NT$5.57 (vs NT$2.86 in 3Q 2021) Third quarter 2022 results: EPS: NT$5.57 (up from NT$2.86 in 3Q 2021). Revenue: NT$8.34b (up 66% from 3Q 2021). Net income: NT$638.5m (up 96% from 3Q 2021). Profit margin: 7.7% (up from 6.5% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 05
Acter Group Corporation Limited Approves Cash Dividend for the Period from January 1, 2022 to June 30, 2022 The board of directors of Acter Group Corporation Limited approved the cash dividend of TWD 3.5 per share for the period which dividends belong to January 1, 2022 to June 30, 2022. Total amount of cash dividends to shareholders of TWD 402,696,280. Buying Opportunity • Oct 12
Now 20% undervalued Over the last 90 days, the stock is up 5.9%. The fair value is estimated to be NT$120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 10.0%. Buying Opportunity • Sep 26
Now 23% undervalued Over the last 90 days, the stock is up 5.6%. The fair value is estimated to be NT$129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 10.0%. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: NT$6.42 (vs NT$5.81 in 2Q 2021) Second quarter 2022 results: EPS: NT$6.42 (up from NT$5.81 in 2Q 2021). Revenue: NT$6.54b (up 20% from 2Q 2021). Net income: NT$367.7m (up 11% from 2Q 2021). Profit margin: 5.6% (down from 6.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Jun 23
Upcoming dividend of NT$15.00 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (5.9%). Buying Opportunity • Jun 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.4%. The fair value is estimated to be NT$246, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 5.1%. Buying Opportunity • May 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be NT$246, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 5.1%. Reported Earnings • May 09
First quarter 2022 earnings released: EPS: NT$6.16 (vs NT$3.13 in 1Q 2021) First quarter 2022 results: EPS: NT$6.16 (up from NT$3.13 in 1Q 2021). Revenue: NT$5.36b (up 50% from 1Q 2021). Net income: NT$352.8m (up 98% from 1Q 2021). Profit margin: 6.6% (up from 5.0% in 1Q 2021). The increase in margin was driven by higher revenue. 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 4% per year. Price Target Changed • Apr 27
Price target increased to NT$237 Up from NT$212, the current price target is provided by 1 analyst. New target price is 18% above last closing price of NT$202. Stock is up 0.2% over the past year. The company posted earnings per share of NT$21.08 last year. Board Change • Apr 27
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. 3 experienced directors. 4 highly experienced directors. Independent Director Qian Yang was the last 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: Insufficient board refreshment. Price Target Changed • Mar 29
Price target increased to NT$237 Up from NT$212, the current price target is provided by 1 analyst. New target price is 14% above last closing price of NT$207. Stock is up 3.0% over the past year. The company posted earnings per share of NT$21.08 last year. Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: NT$21.08 (up from NT$17.90 in FY 2020). Revenue: NT$20.2b (up 45% from FY 2020). Net income: NT$1.20b (up 24% from FY 2020). Profit margin: 6.0% (down from 6.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 8.2%, compared to a 14% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Tillkännagivande • Feb 26
Acter Group Corporation Limited, Annual General Meeting, May 26, 2022 Acter Group Corporation Limited, Annual General Meeting, May 26, 2022. Location: B2F, No.201, Sec. 2, Wenxin Rd., Xitun Dist Taichung City Taiwan Agenda: To report the distribution of 2021 employee and director compensation; to consider 2021 Business Report; to consider Audit Committees Review Report of 2021 Financial Statements; to consider the distribution of 2021 cash dividends; to consider 2021 Corporate governance report; to report the 2021 annual operation of Audit Committee and its communication with the company's chief internal auditor; to report the connection and reasonableness between the compensation policy of the directors and managerial officers and performance assessment results in 2021; and to transact other matters. Tillkännagivande • Feb 25
Acter Group Corporation Limited Approves Cash Dividend for the Period from January 1, 2021 to December 31, 2021 The board of directors of Acter Group Corporation Limited approved the cash dividend of TWD 15 per share for the period which dividends belong to January 1, 2021 to December 31, 2021. Total amount of cash dividends to shareholders of TWD 859,029,270. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS NT$5.71 (vs NT$3.48 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.03b (up 52% from 3Q 2020). Net income: NT$326.6m (up 73% from 3Q 2020). Profit margin: 6.5% (up from 5.7% in 3Q 2020). 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. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$5.81 (vs NT$5.36 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$5.44b (up 41% from 2Q 2020). Net income: NT$332.3m (up 14% from 2Q 2020). Profit margin: 6.1% (down from 7.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Upcoming Dividend • Jun 29
Upcoming dividend of NT$12.00 per share Eligible shareholders must have bought the stock before 05 July 2021. Payment date: 23 July 2021. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (4.6%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$3.13 (vs NT$4.01 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$3.58b (up 16% from 1Q 2020). Net income: NT$178.3m (down 18% from 1Q 2020). Profit margin: 5.0% (down from 7.1% in 1Q 2020). 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 and the company’s share price has also fallen by 2% per year. Tillkännagivande • May 07
Acter Group Corporation Limited Announces Cash Dividend, Payable on July 23, 2021 Acter Group Corporation Limited announced cash dividend of NTD 686,240,904 for record date of July 11, 2021 and payable on July 23, 2021. Reported Earnings • Mar 01
Full year 2020 earnings released: EPS NT$17.90 (vs NT$19.16 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$14.0b (up 10% from FY 2019). Net income: NT$970.1m (down 6.4% from FY 2019). Profit margin: 6.9% (down from 8.2% in FY 2019). 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. Tillkännagivande • Feb 26
Acter Group Corporation Limited, Annual General Meeting, May 28, 2021 Acter Group Corporation Limited, Annual General Meeting, May 28, 2021. Location: B2F, No.201, Sec. 2, Wenxin Rd., Xitun Dist. SWEETEN PLAZA’s international hall) Taichung City Taiwan Agenda: To consider adoption of the 2020 business report and financial statements; to consider adoption of the proposal for distribution of 2020 profits; to amend “Rules of Procedure for Shareholder Meetings.”; to elect directors; and to consider other proposals. Is New 90 Day High Low • Feb 20
New 90-day high: NT$199 The company is up 3.0% from its price of NT$193 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 1.0% over the same period. Tillkännagivande • Jan 05
Acter Group Corporation Limited has completed a Follow-on Equity Offering in the amount of TWD 498 million. Acter Group Corporation Limited has completed a Follow-on Equity Offering in the amount of TWD 498 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: TWD 166
Transaction Features: Reserved Share Offering; Rights Offering Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS NT$3.48 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$3.32b (up 11% from 3Q 2019). Net income: NT$188.7m (down 24% from 3Q 2019). Profit margin: 5.7% (down from 8.3% in 3Q 2019). The decrease in margin was driven by higher expenses. 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 7% per year. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue misses expectations Revenue missed analyst estimates by 8.4%. Is New 90 Day High Low • Oct 30
New 90-day low: NT$188 The company is down 3.0% from its price of NT$193 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 10.0% over the same period.