New Risk • Aug 14
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 108% Dividend yield: 9.3% 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: 91% Cash payout ratio: 108% High level of non-cash earnings (30% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.00b market cap, or US$93.7m). Reported Earnings • Aug 14
Second quarter 2026 earnings released: EPS: NT$4.28 (vs NT$4.63 in 2Q 2025) Second quarter 2026 results: EPS: NT$4.28 (down from NT$4.63 in 2Q 2025). Revenue: NT$538.5m (down 12% from 2Q 2025). Net income: NT$64.3m (down 7.5% from 2Q 2025). Profit margin: 12% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • Jul 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.14b (US$97.4m) 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 High level of non-cash earnings (86% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.14b market cap, or US$97.4m). Declared Dividend • Jun 05
Dividend increased to NT$18.50 Dividend of NT$18.50 is 23% higher than last year. Ex-date: 18th June 2026 Payment date: 3rd July 2026 Dividend yield will be 6.9%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (dividend approximately 36x free cash flows). The dividend has increased by an average of 39% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$5.00 (vs NT$3.88 in 1Q 2025) First quarter 2026 results: EPS: NT$5.00 (up from NT$3.88 in 1Q 2025). Revenue: NT$644.4m (up 12% from 1Q 2025). Net income: NT$78.4m (up 35% from 1Q 2025). Profit margin: 12% (up from 10% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 28% per year. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$19.42 (vs NT$15.52 in FY 2024) Full year 2025 results: EPS: NT$19.42 (up from NT$15.52 in FY 2024). Revenue: NT$2.46b (up 23% from FY 2024). Net income: NT$291.2m (up 30% from FY 2024). Profit margin: 12% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Mar 02
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. Tillkännagivande • Feb 11
Ruentex Interior Design Inc., Annual General Meeting, May 08, 2026 Ruentex Interior Design Inc., Annual General Meeting, May 08, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,260, sec.2 pa to rd., jhongshan district, taipei city Taiwan Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$4.49 (vs NT$4.55 in 3Q 2024) Third quarter 2025 results: EPS: NT$4.49 (down from NT$4.55 in 3Q 2024). Revenue: NT$635.2m (up 18% from 3Q 2024). Net income: NT$67.3m (down 1.4% from 3Q 2024). Profit margin: 11% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$4.63 (vs NT$3.42 in 2Q 2024) Second quarter 2025 results: EPS: NT$4.63 (up from NT$3.42 in 2Q 2024). Revenue: NT$611.1m (up 33% from 2Q 2024). Net income: NT$69.5m (up 43% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 45% per year. Buy Or Sell Opportunity • Jun 10
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to NT$227. The fair value is estimated to be NT$297, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 44%. Upcoming Dividend • Jun 03
Upcoming dividend of NT$15.00 per share Eligible shareholders must have bought the stock before 10 June 2025. Payment date: 25 June 2025. Payout ratio and cash payout ratio are on the higher end at 93% and 88% respectively. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.8%). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$3.88 (vs NT$3.16 in 1Q 2024) First quarter 2025 results: EPS: NT$3.88 (up from NT$3.16 in 1Q 2024). Revenue: NT$575.9m (up 38% from 1Q 2024). Net income: NT$58.2m (up 36% from 1Q 2024). Profit margin: 10% (in line with 1Q 2024). Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$15.52 (vs NT$10.97 in FY 2023) Full year 2024 results: EPS: NT$15.52 (up from NT$10.97 in FY 2023). Revenue: NT$2.01b (up 32% from FY 2023). Net income: NT$224.0m (up 51% from FY 2023). Profit margin: 11% (up from 9.7% in FY 2023). The increase in margin was driven by higher revenue. Tillkännagivande • Jan 23
Ruentex Interior Design Inc., Annual General Meeting, May 07, 2025 Ruentex Interior Design Inc., Annual General Meeting, May 07, 2025. Location: 3 floor no,260, sec.2 pa to rd., taipei city Taiwan New Risk • Sep 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.11b (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: Minor Risks Less than 3 years of financial data is available. Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (NT$3.11b market cap, or US$97.1m). Buy Or Sell Opportunity • Jul 29
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at NT$228. 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 43% over the last year. Earnings per share has grown by 50%. Upcoming Dividend • Jul 09
Upcoming dividend of NT$9.00 per share Eligible shareholders must have bought the stock before 16 July 2024. Payment date: 31 July 2024. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 4.3%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.7%). Buy Or Sell Opportunity • Jun 11
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to NT$230. The fair value is estimated to be NT$187, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last year. Earnings per share has grown by 50%. New Risk • Jun 04
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 4.5% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 Risk High level of non-cash earnings (73% accrual ratio). Minor Risks Less than 3 years of financial data is available. Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (NT$3.01b market cap, or US$92.9m). Tillkännagivande • Mar 30
Ruentex Interior Design Inc. has filed a Follow-on Equity Offering in the amount of TWD 15 million. Ruentex Interior Design Inc. has filed a Follow-on Equity Offering in the amount of TWD 15 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 93,750
Price\Range: TWD 160 Tillkännagivande • Mar 12
Ruentex Interior Design Inc., Annual General Meeting, May 27, 2024 Ruentex Interior Design Inc., Annual General Meeting, May 27, 2024. 
