Reported Earnings • 58m
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.13 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (down from NT$1.13 in 1Q 2025). Revenue: NT$841.0m (down 8.3% from 1Q 2025). Net income: NT$78.6m (down 11% from 1Q 2025). Profit margin: 9.4% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$4.78 (vs NT$4.41 in FY 2024) Full year 2025 results: EPS: NT$4.78 (up from NT$4.41 in FY 2024). Revenue: NT$4.19b (up 1.4% from FY 2024). Net income: NT$368.9m (up 7.2% from FY 2024). Profit margin: 8.8% (up from 8.3% in FY 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 10
King Polytechnic Engineering Co., Ltd., Annual General Meeting, Jun 23, 2026 King Polytechnic Engineering Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 4 floor no,2-1, sec.1 chi nan rd., taipei city Taiwan Buy Or Sell Opportunity • Jan 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to NT$62.50. The fair value is estimated to be NT$50.07, however this is not to be taken as a sell 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 28%. New Risk • Nov 24
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (76% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: NT$1.23 (vs NT$1.18 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.23 (up from NT$1.18 in 3Q 2024). Revenue: NT$1.03b (down 1.7% from 3Q 2024). Net income: NT$94.1m (up 1.8% from 3Q 2024). Profit margin: 9.1% (up from 8.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$1.08 (vs NT$1.35 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.08 (down from NT$1.35 in 2Q 2024). Revenue: NT$1.06b (up 2.5% from 2Q 2024). Net income: NT$84.1m (down 20% from 2Q 2024). Profit margin: 7.9% (down from 10% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 05
Upcoming dividend of NT$3.27 per share Eligible shareholders must have bought the stock before 12 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.7%). Declared Dividend • Jul 10
Dividend of NT$3.20 announced Shareholders will receive a dividend of NT$3.20. Ex-date: 12th August 2025 Payment date: 10th September 2025 Dividend yield will be 6.4%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 49% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 43% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$1.13 (vs NT$0.91 in 1Q 2024) First quarter 2025 results: EPS: NT$1.13 (up from NT$0.91 in 1Q 2024). Revenue: NT$917.1m (down 7.4% from 1Q 2024). Net income: NT$88.4m (up 25% from 1Q 2024). Profit margin: 9.6% (up from 7.1% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 51% per year. Tillkännagivande • Apr 23
King Polytechnic Engineering Co., Ltd. to Report Q1, 2025 Results on May 05, 2025 King Polytechnic Engineering Co., Ltd. announced that they will report Q1, 2025 results on May 05, 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$38.00, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 16x in the Construction industry in Taiwan. Total returns to shareholders of 146% over the past three years. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.30b (US$99.7m) 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.30b market cap, or US$99.7m). Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$4.41 (vs NT$5.00 in FY 2023) Full year 2024 results: EPS: NT$4.41 (down from NT$5.00 in FY 2023). Revenue: NT$4.13b (down 22% from FY 2023). Net income: NT$344.2m (down 12% from FY 2023). Profit margin: 8.3% (up from 7.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 51% per year. Tillkännagivande • Mar 01
King Polytechnic Engineering Co., Ltd. to Report Fiscal Year 2024 Results on Mar 10, 2025 King Polytechnic Engineering Co., Ltd. announced that they will report fiscal year 2024 results on Mar 10, 2025 Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: NT$1.18 (vs NT$1.51 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.18 (down from NT$1.51 in 3Q 2023). Revenue: NT$1.05b (down 23% from 3Q 2023). Net income: NT$92.4m (down 22% from 3Q 2023). Profit margin: 8.8% (up from 8.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year whereas the company’s share price has increased by 71% per year. Tillkännagivande • Oct 23
King Polytechnic Engineering Co., Ltd. to Report Q3, 2024 Results on Nov 04, 2024 King Polytechnic Engineering Co., Ltd. announced that they will report Q3, 2024 results on Nov 04, 2024 Upcoming Dividend • Aug 16
Upcoming dividend of NT$3.20 per share Eligible shareholders must have bought the stock before 20 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (3.6%). Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$1.42 (vs NT$1.01 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.42 (up from NT$1.01 in 2Q 2023). Revenue: NT$1.03b (down 20% from 2Q 2023). Net income: NT$105.4m (up 40% from 2Q 2023). Profit margin: 10% (up from 5.9% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year and the company’s share price has also increased by 79% per year. Declared Dividend • Aug 07
Dividend of NT$3.20 announced Shareholders will receive a dividend of NT$3.20. Ex-date: 20th August 2024 Payment date: 13th September 2024 Dividend yield will be 5.8%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jul 27
King Polytechnic Engineering Co., Ltd. to Report Q2, 2024 Results on Aug 05, 2024 King Polytechnic Engineering Co., Ltd. announced that they will report Q2, 2024 results on Aug 05, 2024 Buy Or Sell Opportunity • Jun 07
Now 20% overvalued Over the last 90 days, the stock has fallen 8.3% to NT$59.40. The fair value is estimated to be NT$49.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last 3 years. Earnings per share has grown by 87%. Buy Or Sell Opportunity • May 23
Now 20% overvalued Over the last 90 days, the stock has fallen 5.3% to NT$59.20. The fair value is estimated to be NT$49.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last 3 years. Earnings per share has grown by 87%. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.95 (vs NT$0.78 in 1Q 2023) First quarter 2024 results: EPS: NT$0.95 (up from NT$0.78 in 1Q 2023). Revenue: NT$990.1m (down 2.2% from 1Q 2023). Net income: NT$70.7m (up 22% from 1Q 2023). Profit margin: 7.1% (up from 5.7% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 81% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 29
Now 23% overvalued Over the last 90 days, the stock has fallen 2.7% to NT$60.70. The fair value is estimated to be NT$49.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has grown by 91%. Tillkännagivande • Apr 25
King Polytechnic Engineering Co., Ltd. to Report Q1, 2024 Results on May 06, 2024 King Polytechnic Engineering Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 06, 2024 Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: NT$5.25 (vs NT$1.74 in FY 2022) Full year 2023 results: EPS: NT$5.25 (up from NT$1.74 in FY 2022). Revenue: NT$5.31b (up 116% from FY 2022). Net income: NT$390.7m (up 203% from FY 2022). Profit margin: 7.4% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 85% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$58.40, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 12x in the Construction industry in Taiwan. Total returns to shareholders of 463% over the past three years. New Risk • Oct 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.14b (US$97.1m) 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 Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Market cap is less than US$100m (NT$3.14b market cap, or US$97.1m). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$44.75, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 12x in the Construction industry in Taiwan. Total returns to shareholders of 328% over the past three years. Upcoming Dividend • Aug 22
Upcoming dividend of NT$0.90 per share at 2.0% yield Eligible shareholders must have bought the stock before 29 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (5.5%). Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$1.04 (vs NT$0.42 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.04 (up from NT$0.42 in 2Q 2022). Revenue: NT$1.29b (up 131% from 2Q 2022). Net income: NT$75.3m (up 149% from 2Q 2022). Profit margin: 5.9% (up from 5.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$44.45, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 11x in the Construction industry in Taiwan. Total returns to shareholders of 276% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$33.05, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 11x in the Construction industry in Taiwan. Total returns to shareholders of 161% over the past three years. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: NT$1.79 (vs NT$0.77 in FY 2021) Full year 2022 results: EPS: NT$1.79 (up from NT$0.77 in FY 2021). Revenue: NT$2.46b (up 37% from FY 2021). Net income: NT$129.0m (up 132% from FY 2021). Profit margin: 5.2% (up from 3.1% 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 17% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$23.95, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 11x in the Construction industry in Taiwan. Total returns to shareholders of 113% over the past three years. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: NT$0.45 (vs NT$0.21 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.45 (up from NT$0.21 in 3Q 2021). Revenue: NT$541.5m (up 16% from 3Q 2021). Net income: NT$32.0m (up 118% from 3Q 2021). Profit margin: 5.9% (up from 3.2% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 27
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 04 October 2022. Payment date: 01 November 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (7.0%). Lower than average of industry peers (5.9%). Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: NT$0.43 (vs NT$0.061 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.43 (up from NT$0.061 in 2Q 2021). Revenue: NT$557.8m (up 42% from 2Q 2021). Net income: NT$30.2m (up NT$26.0m from 2Q 2021). Profit margin: 5.4% (up from 1.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 16% share price gain to NT$18.90, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 14x in the Construction industry in Taiwan. Total returns to shareholders of 96% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.35 (vs NT$0.022 in 1Q 2021) First quarter 2022 results: EPS: NT$0.35 (up from NT$0.022 in 1Q 2021). Revenue: NT$505.0m (up 66% from 1Q 2021). Net income: NT$24.5m (up NT$22.9m from 1Q 2021). Profit margin: 4.9% (up from 0.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 21% share price gain to NT$19.00, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 13x in the Construction industry in Taiwan. Total returns to shareholders of 98% over the past three years. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$0.79 (up from NT$0.23 in FY 2020). Revenue: NT$1.80b (down 2.2% from FY 2020). Net income: NT$55.7m (up 248% from FY 2020). Profit margin: 3.1% (up from 0.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 10
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 20 October 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.9%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.17 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$392.6m (down 8.9% from 2Q 2020). Net income: NT$4.29m (down 65% from 2Q 2020). Profit margin: 1.1% (down from 2.8% in 2Q 2020). The decrease in margin was driven by lower revenue. 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 9% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.11 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$303.5m (down 62% from 1Q 2020). Net income: NT$1.58m (down 80% from 1Q 2020). Profit margin: 0.5% (down from 1.0% in 1Q 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 only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$0.23 (vs NT$2.37 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.84b (down 4.7% from FY 2019). Net income: NT$16.0m (down 91% from FY 2019). Profit margin: 0.9% (down from 8.7% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 18
New 90-day low: NT$11.35 The company is down 3.0% from its price of NT$11.65 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: NT$11.40 The company is down 8.0% from its price of NT$12.35 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: NT$11.65 The company is down 10.0% from its price of NT$13.01 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 9.0% over the same period. Reported Earnings • Nov 10
Third quarter 2020 earnings released: NT$0.14 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$317.4m (down 19% from 3Q 2019). Net loss: NT$9.87m (down NT$11.8m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 31
New 90-day low: NT$11.70 The company is down 9.0% from its price of NT$12.82 on 31 July 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 9.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: NT$12.15 The company is down 9.0% from its price of NT$13.30 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 9.0% over the same period.