Board Change • Jul 01
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. 4 experienced directors. 5 highly experienced directors. Additional Independent Director Chi Su was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jun 17
Dividend reduced to NT$1.96 Dividend of NT$1.96 is 55% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 4.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 7.5% to shift the payout ratio to a potentially unsustainable range, which is less than the 19% EPS decline seen over the last 5 years. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$0.66 (vs NT$0.60 in 1Q 2025) First quarter 2026 results: EPS: NT$0.66 (up from NT$0.60 in 1Q 2025). Revenue: NT$894.0m (up 5.6% from 1Q 2025). Net income: NT$68.9m (up 8.1% from 1Q 2025). Profit margin: 7.7% (up from 7.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: NT$2.30 (vs NT$4.36 in FY 2024) Full year 2025 results: EPS: NT$2.30 (down from NT$4.36 in FY 2024). Revenue: NT$3.42b (down 7.3% from FY 2024). Net income: NT$242.3m (down 48% from FY 2024). Profit margin: 7.1% (down from 13% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Duyuru • Mar 13
Shane Global Holding Inc., Annual General Meeting, Jun 12, 2026 Shane Global Holding Inc., Annual General Meeting, Jun 12, 2026. Location: 2 floor no,236, sec.3 pei shen rd., shenkeng district, new taipei city Taiwan Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.79 (vs NT$1.08 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.79 (down from NT$1.08 in 3Q 2024). Revenue: NT$919.6m (down 6.1% from 3Q 2024). Net income: NT$83.0m (down 28% from 3Q 2024). Profit margin: 9.0% (down from 12% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: NT$0.35 (vs NT$1.25 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.35 (down from NT$1.25 in 2Q 2024). Revenue: NT$801.3m (down 16% from 2Q 2024). Net income: NT$37.0m (down 73% from 2Q 2024). Profit margin: 4.6% (down from 14% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Declared Dividend • Jun 19
Dividend of NT$4.36 announced Shareholders will receive a dividend of NT$4.36. Ex-date: 2nd July 2025 Payment date: 25th July 2025 Dividend yield will be 7.6%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is covered by cash flows (87% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. However, EPS has declined by 7.2% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.60 (vs NT$0.83 in 1Q 2024) First quarter 2025 results: EPS: NT$0.60 (down from NT$0.83 in 1Q 2024). Revenue: NT$846.8m (up 11% from 1Q 2024). Net income: NT$63.7m (down 29% from 1Q 2024). Profit margin: 7.5% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • May 06
Shane Global Holding Inc. to Report Q1, 2025 Results on May 13, 2025 Shane Global Holding Inc. announced that they will report Q1, 2025 results on May 13, 2025 New Risk • Apr 10
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 93% Dividend yield: 6.9% 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 Share price has been highly volatile over the past 3 months (9.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 93% Earnings have declined by 12% per year over the past 5 years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to NT$68.50, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 14x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 13% over the past three years. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: NT$4.36 (vs NT$2.87 in FY 2023) Full year 2024 results: EPS: NT$4.36 (up from NT$2.87 in FY 2023). Revenue: NT$3.70b (up 2.3% from FY 2023). Net income: NT$468.0m (up 52% from FY 2023). Profit margin: 13% (up from 8.5% in FY 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • Mar 14
Shane Global Holding Inc., Annual General Meeting, Jun 13, 2025 Shane Global Holding Inc., Annual General Meeting, Jun 13, 2025. Location: 8 floor no,560, sec.4 chung hsiao e. rd., sinyi district, taipei city Taiwan Duyuru • Mar 06
Shane Global Holding Inc. to Report Fiscal Year 2024 Results on Mar 13, 2025 Shane Global Holding Inc. announced that they will report fiscal year 2024 results on Mar 13, 2025 New Risk • Feb 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 13% per year over the past 5 years. 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 • Feb 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$118, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 15x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$109, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 15x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 84% over the past three years. New Risk • Dec 23
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: Major Risk Earnings have declined by 13% per year over the past 5 years. 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). Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$76.50, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 14x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 22% over the past three years. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$1.08 (vs NT$1.43 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.08 (down from NT$1.43 in 3Q 2023). Revenue: NT$979.5m (up 2.6% from 3Q 2023). Net income: NT$115.7m (down 25% from 3Q 2023). Profit margin: 12% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Duyuru • Nov 06
Shane Global Holding Inc. to Report Q3, 2024 Results on Nov 13, 2024 Shane Global Holding Inc. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: NT$954.8m (up 7.1% from 2Q 2023). Net income: NT$134.6m (down 5.4% from 2Q 2023). Profit margin: 14% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% 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. Duyuru • Aug 21
Shane Global Holding Inc. to Report Q2, 2024 Results on Aug 28, 2024 Shane Global Holding Inc. announced that they will report Q2, 2024 results on Aug 28, 2024 Declared Dividend • Jun 20
Dividend of NT$2.30 announced Shareholders will receive a dividend of NT$2.30. Ex-date: 3rd July 2024 Payment date: 26th July 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 25% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.83 (vs NT$0.31 in 1Q 2023) First quarter 2024 results: EPS: NT$0.83 (up from NT$0.31 in 1Q 2023). Revenue: NT$762.7m (down 15% from 1Q 2023). Net income: NT$89.6m (up 168% from 1Q 2023). Profit margin: 12% (up from 3.7% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Duyuru • May 05
Shane Global Holding Inc. to Report Q1, 2024 Results on May 13, 2024 Shane Global Holding Inc. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: NT$2.87 (vs NT$7.77 in FY 2022) Full year 2023 results: EPS: NT$2.87 (down from NT$7.77 in FY 2022). Revenue: NT$3.61b (down 29% from FY 2022). Net income: NT$308.6m (down 63% from FY 2022). Profit margin: 8.5% (down from 16% 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 14% 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. Duyuru • Mar 15
Shane Global Holding Inc., Annual General Meeting, Jun 14, 2024 Shane Global Holding Inc., Annual General Meeting, Jun 14, 2024. New Risk • Aug 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 105% Earnings have declined by 5.2% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin). Upcoming Dividend • Jun 29
Upcoming dividend of NT$6.22 per share at 8.1% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 28 July 2023. Payout ratio and cash payout ratio are on the higher end at 95% and 76% respectively. Trailing yield: 8.1%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.0%). Duyuru • Jun 21
Shane Global Holding Inc. Announces Change of Director Shane Global Holding Inc. Announced Resignation of supervisor announced on behalf of the subsidiary. Title and name of the previous position holder: Supervisors Feng, Fu-Hua. Title and name of the new position holder: Supervisors Dai, Ting. Reason for the change: Death. Effective date of the new appointment: June 19, 2023. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: NT$7.77 (vs NT$7.97 in FY 2021) Full year 2022 results: EPS: NT$7.77 (down from NT$7.97 in FY 2021). Revenue: NT$5.11b (up 2.9% from FY 2021). Net income: NT$834.9m (down 2.5% from FY 2021). Profit margin: 16% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$2.43 (vs NT$2.34 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.43 (up from NT$2.34 in 3Q 2021). Revenue: NT$1.41b (up 14% from 3Q 2021). Net income: NT$261.6m (up 4.2% from 3Q 2021). Profit margin: 19% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Koong-Lian Kao was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: NT$2.67 (vs NT$2.41 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.67 (up from NT$2.41 in 2Q 2021). Revenue: NT$1.43b (up 11% from 2Q 2021). Net income: NT$286.4m (up 11% from 2Q 2021). Profit margin: 20% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 23
Upcoming dividend of NT$5.87 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 7.9%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.7%). Duyuru • Jun 16
Shane Global Holding Inc. Announces Cash Dividend, Payable on July 29, 2022 Shane Global Holding Inc. announced Cash Dividend of Total Amount TWD 630,696,280 (TWD 5.87(Per Share)), payable on July 29, 2022. Ex-rights (ex-dividend) trading date is June 30, 2022. and Last date before book closure is July 3, 2022. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$1.56 (vs NT$0.91 in 1Q 2021) First quarter 2022 results: EPS: NT$1.56 (up from NT$0.91 in 1Q 2021). Revenue: NT$1.05b (up 4.9% from 1Q 2021). Net income: NT$168.0m (up 71% from 1Q 2021). Profit margin: 16% (up from 9.8% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Koong-Lian Kao was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: NT$7.97 (vs NT$6.05 in FY 2020) Full year 2021 results: EPS: NT$7.97 (up from NT$6.05 in FY 2020). Revenue: NT$4.97b (up 30% from FY 2020). Net income: NT$856.6m (up 32% from FY 2020). Profit margin: 17% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$2.33 (vs NT$2.31 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$1.24b (up 9.4% from 3Q 2020). Net income: NT$251.0m (up 1.1% from 3Q 2020). Profit margin: 20% (down from 22% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 12% per year. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS NT$2.42 (vs NT$1.94 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$1.29b (up 39% from 2Q 2020). Net income: NT$259.3m (up 24% from 2Q 2020). Profit margin: 20% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses. Upcoming Dividend • Jul 12
Upcoming dividend of NT$4.80 per share Eligible shareholders must have bought the stock before 19 July 2021. Payment date: 17 August 2021. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.7%). Reported Earnings • May 18
First quarter 2021 earnings released: EPS NT$0.91 (vs NT$0.20 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$999.6m (up 54% from 1Q 2020). Net income: NT$98.1m (up 345% from 1Q 2020). Profit margin: 9.8% (up from 3.4% in 1Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$69.70, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 12x in the Consumer Durables industry in Taiwan. Total loss to shareholders of 26% over the past year. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS NT$6.06 (vs NT$7.67 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.83b (down 4.9% from FY 2019). Net income: NT$651.5m (down 23% from FY 2019). Profit margin: 17% (down from 21% in FY 2019). Is New 90 Day High Low • Jan 18
New 90-day low: NT$94.40 The company is down 9.0% from its price of NT$104 on 20 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: NT$95.60 The company is down 17% from its price of NT$115 on 16 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 8.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$2.31 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.13b (up 20% from 3Q 2019). Net income: NT$248.3m (up 34% from 3Q 2019). Profit margin: 22% (up from 20% in 3Q 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Oct 26
New 90-day low: NT$101 The company is down 8.0% from its price of NT$110 on 28 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 9.0% over the same period.