Reported Earnings • May 05
Full year 2025 earnings released: NT$0.27 loss per share (vs NT$0.18 loss in FY 2024) Full year 2025 results: NT$0.27 loss per share (further deteriorated from NT$0.18 loss in FY 2024). Revenue: NT$463.5m (down 7.2% from FY 2024). Net loss: NT$38.0m (loss widened 52% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.17b market cap, or US$69.3m). Duyuru • Jan 15
Argo Yachts Development Co.,Ltd., Annual General Meeting, Jun 17, 2026 Argo Yachts Development Co.,Ltd., Annual General Meeting, Jun 17, 2026. Location: no,585, sec.2 hsin kang rd., an ping district, tainan city Taiwan New Risk • Nov 20
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 6.7% 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 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.34b market cap, or US$74.9m). Duyuru • Aug 29
Argo Yachts Development Co.,Ltd. has filed a Follow-on Equity Offering. Argo Yachts Development Co.,Ltd. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Transaction Features: Rights Offering Reported Earnings • May 04
Full year 2024 earnings released: NT$0.19 loss per share (vs NT$0.13 profit in FY 2023) Full year 2024 results: NT$0.19 loss per share (down from NT$0.13 profit in FY 2023). Revenue: NT$499.4m (up 14% from FY 2023). Net loss: NT$25.0m (down 272% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. New Risk • Apr 07
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 Earnings have declined by 19% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (NT$2.55b market cap, or US$77.1m). New Risk • Mar 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.28b (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: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (NT$3.28b market cap, or US$99.7m). New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Shareholders have been diluted in the past year (28% increase in shares outstanding). Duyuru • Feb 20
Argo Yachts Development Co.,Ltd., Annual General Meeting, Jun 17, 2025 Argo Yachts Development Co.,Ltd., Annual General Meeting, Jun 17, 2025, at 09:00 Taipei Standard Time. Location: no,585, sec.2 hsin kang rd., an ping district, tainan city Taiwan New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 19% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Reported Earnings • May 04
Full year 2023 earnings released: EPS: NT$0.13 (vs NT$0.59 in FY 2022) Full year 2023 results: EPS: NT$0.13 (down from NT$0.59 in FY 2022). Revenue: NT$437.4m (up 7.6% from FY 2022). Net income: NT$14.5m (down 74% from FY 2022). Profit margin: 3.3% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. New Risk • Mar 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (28% increase in shares outstanding). New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Duyuru • Feb 24
Argo Yachts Development Co.,Ltd., Annual General Meeting, Jun 18, 2024 Argo Yachts Development Co.,Ltd., Annual General Meeting, Jun 18, 2024. New Risk • Jan 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.11b (US$98.3m) 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. This is currently the only risk that has been identified for the company. Duyuru • Jan 12
Argo Yachts Development Co.,Ltd. announced that it expects to receive TWD 108 million in funding from NewSoft Technology Corporation Argo Yachts Development Co.,Ltd. announced a private placement of 4,000,000 common shares at an issue price of TWD 27 per share for the gross proceeds of TWD 108,000,000 on January 11, 2024. The transaction will include participation from new investor NewSoft Technology Corporation. The transaction has ben approved by the shareholders of the company. New Risk • Oct 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.23b (US$99.6m) 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 20% share price gain to NT$49.10, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 31x in the Hospitality industry in Taiwan. Total returns to shareholders of 39% over the past year. Reported Earnings • Aug 22
First half 2021 earnings released: EPS NT$0.96 (vs NT$0.43 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$168.1m (up 49% from 1H 2020). Net income: NT$49.4m (up 148% from 1H 2020). Profit margin: 29% (up from 18% in 1H 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 22% share price gain to NT$54.50, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 23x in the Hospitality industry in Taiwan. Total returns to shareholders of 15% over the past year. Reported Earnings • May 04
Full year 2020 earnings released: EPS NT$1.38 (vs NT$0.049 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$269.5m (up 80% from FY 2019). Net income: NT$65.7m (up NT$63.6m from FY 2019). Profit margin: 24% (up from 1.4% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improved over the past week After last week's 15% share price gain to NT$42.00, the stock is trading at a trailing P/E ratio of 71.6x, up from the previous P/E ratio of 62.2x. This compares to an average P/E of 34x in the Hospitality industry in Taiwan. Is New 90 Day High Low • Feb 20
New 90-day low: NT$36.75 The company is down 17% from its price of NT$44.50 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 Hospitality industry, which is down 3.0% over the same period. Is New 90 Day High Low • Jan 26
New 90-day low: NT$38.50 The company is down 17% from its price of NT$46.15 on 29 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 1.0% over the same period. 
