Upcoming Dividend • Jul 09
Upcoming dividend of NT$16.12 per share Eligible shareholders must have bought the stock before 16 July 2026. Payment date: 07 August 2026. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (5.6%). Board Change • Jul 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bai-Zhou Chen was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • May 09
Dividend increased to NT$16.12 Dividend of NT$16.12 is 10% higher than last year. Ex-date: 16th July 2026 Payment date: 7th August 2026 Dividend yield will be 6.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 5.1% to bring the payout ratio under control. EPS is expected to grow by 3.4% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • May 08
First quarter 2026 earnings released: EPS: NT$5.00 (vs NT$4.41 in 1Q 2025) First quarter 2026 results: EPS: NT$5.00 (up from NT$4.41 in 1Q 2025). Revenue: NT$6.52b (up 9.5% from 1Q 2025). Net income: NT$417.5m (up 14% from 1Q 2025). Profit margin: 6.4% (up from 6.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Apr 22
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Representative Director Yu-Rou Chen was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 11
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: NT$16.02 (up from NT$15.66 in FY 2024). Revenue: NT$23.5b (up 5.2% from FY 2024). Net income: NT$1.33b (up 2.7% from FY 2024). Profit margin: 5.7% (down from 5.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Mar 06
Wowprime Corp., Annual General Meeting, Jun 17, 2026 Wowprime Corp., Annual General Meeting, Jun 17, 2026. Location: 14 floor no,1049, chien hsing rd., west district, taichung city Taiwan Reported Earnings • Nov 13
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: NT$4.13 (down from NT$4.40 in 3Q 2024). Revenue: NT$5.89b (up 2.4% from 3Q 2024). Net income: NT$342.4m (down 5.6% from 3Q 2024). Profit margin: 5.8% (down from 6.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Hospitality industry in Taiwan. 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 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: NT$3.46 (down from NT$4.24 in 2Q 2024). Revenue: NT$5.48b (up 2.2% from 2Q 2024). Net income: NT$287.1m (down 18% from 2Q 2024). Profit margin: 5.2% (down from 6.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 26
Upcoming dividend of NT$14.59 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 30 July 2025. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.6%). Declared Dividend • May 10
Dividend reduced to NT$14.59 Dividend of NT$14.59 is 2.3% lower than last year. Ex-date: 3rd July 2025 Payment date: 30th July 2025 Dividend yield will be 6.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is well covered by cash flows (45% cash payout ratio). The dividend has increased by an average of 7.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.5% to bring the payout ratio under control. EPS is expected to grow by 3.6% over the next 2 years, which should be enough to bring the dividend into a sustainable range. Duyuru • May 01
Wowprime Corp. to Report Q1, 2025 Results on May 08, 2025 Wowprime Corp. announced that they will report Q1, 2025 results at 12:00 PM, Taipei Standard Time on May 08, 2025 Reported Earnings • Mar 07
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: NT$15.66 (down from NT$16.79 in FY 2023). Revenue: NT$22.3b (flat on FY 2023). Net income: NT$1.29b (down 6.4% from FY 2023). Profit margin: 5.8% (down from 6.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 04
Wowprime Corp., Annual General Meeting, Jun 05, 2025 Wowprime Corp., Annual General Meeting, Jun 05, 2025. Location: 14 floor no,1049, chien hsing rd., west district, taichung city Taiwan Duyuru • Feb 22
Wowprime Corp. to Report Fiscal Year 2024 Results on Mar 03, 2025 Wowprime Corp. announced that they will report fiscal year 2024 results on Mar 03, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: NT$4.40 (down from NT$4.59 in 3Q 2023). Revenue: NT$5.75b (down 1.2% from 3Q 2023). Net income: NT$362.8m (down 4.0% from 3Q 2023). Profit margin: 6.3% (down from 6.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 7.9%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: NT$4.24 (down from NT$4.40 in 2Q 2023). Revenue: NT$5.36b (flat on 2Q 2023). Net income: NT$349.9m (down 3.2% from 2Q 2023). Profit margin: 6.5% (down from 6.7% in 2Q 2023). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Aug 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Representative Director Yu-Rou Chen was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Aug 02
Wowprime Corp. to Report Q2, 2024 Results on Aug 09, 2024 Wowprime Corp. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 11
First quarter 2024 earnings: Revenues and EPS in line with analyst expectations First quarter 2024 results: EPS: NT$3.77 (down from NT$4.56 in 1Q 2023). Revenue: NT$5.65b (flat on 1Q 2023). Net income: NT$310.4m (down 17% from 1Q 2023). Profit margin: 5.5% (down from 6.7% in 1Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Duyuru • May 10
Wowprime Corp. Announces Cash Dividend, Payable on July 31, 2024 Wowprime Corp. announced cash dividend. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is May 9, 2024. Type and monetary amount of common stock dividend distribution: Cash dividend: Cash dividend is TWD 14.94369495 per share, and the total amount is TWD 1,232,154,109. Ex-rights (ex-dividend) trading date is July 4, 2024. Ex-rights (ex-dividend) record date is July 10, 2024. Payment date of common stock cash dividend distribution is July 31, 2024. Duyuru • May 02
Wowprime Corp. to Report Q1, 2024 Results on May 09, 2024 Wowprime Corp. announced that they will report Q1, 2024 results on May 09, 2024 New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.07% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.07% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Major Estimate Revision • Apr 19
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$24.2b to NT$22.2b. EPS estimate also fell from NT$16.57 per share to NT$14.47 per share. Net income forecast to shrink 11% next year vs 33% growth forecast for Hospitality industry in Taiwan . Consensus price target down from NT$314 to NT$273. Share price fell 5.8% to NT$226 over the past week. Price Target Changed • Apr 18
Price target decreased by 17% to NT$273 Down from NT$330, the current price target is an average from 3 analysts. New target price is 17% above last closing price of NT$234. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$14.47 for next year compared to NT$16.79 last year. Reported Earnings • Mar 12
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: NT$16.79 (up from NT$4.69 in FY 2022). Revenue: NT$22.3b (up 22% from FY 2022). Net income: NT$1.38b (up 257% from FY 2022). Profit margin: 6.2% (up from 2.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 08
Wowprime Corp., Annual General Meeting, Jun 06, 2024 Wowprime Corp., Annual General Meeting, Jun 06, 2024. Location: 14F, No.1049,Jianxing Rd.,West Dist.,Taichung City (The Splendor Hotel) Taichung City Taiwan Agenda: To approve The 2023 Business Report; to approve Audit Committee's Review Report; to approve report for the compensation of 2023 to employees and directors; to approve report for distribution cash dividend of 2023 ; and to discuss other matters. Major Estimate Revision • Jan 18
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$23.0b to NT$22.3b. EPS estimate also fell from NT$19.24 per share to NT$16.94 per share. Net income forecast to grow 16% next year vs 26% growth forecast for Hospitality industry in Taiwan. Consensus price target down from NT$330 to NT$314. Share price fell 3.5% to NT$246 over the past week. Duyuru • Jan 03
Wowprime Corp. Announces Appointment of Lee Wei-Chin as Chief Operating Officer Wowprime Corp. announced appointment of Lee Wei-Chin as Chief Operating Officer of the company. Reason for the change: In order to strengthen the company's management and enhance overall operation competitive ability, the corporation adjusts new replacement of the position for Chief Operating Officer. Effective date is January 1, 2024. Price Target Changed • Dec 22
Price target decreased by 7.6% to NT$330 Down from NT$358, the current price target is an average from 3 analysts. New target price is 37% above last closing price of NT$242. Stock is up 68% over the past year. The company is forecast to post earnings per share of NT$19.24 for next year compared to NT$4.69 last year. Major Estimate Revision • Nov 16
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from NT$22.7b to NT$23.0b. EPS estimate increased from NT$16.40 to NT$19.24 per share. Net income forecast to grow 19% next year vs 33% growth forecast for Hospitality industry in Taiwan. Consensus price target down from NT$358 to NT$349. Share price was steady at NT$254 over the past week. Reported Earnings • Nov 08
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: NT$4.59 (up from NT$3.45 in 3Q 2022). Revenue: NT$5.82b (up 14% from 3Q 2022). Net income: NT$377.7m (up 33% from 3Q 2022). Profit margin: 6.5% (up from 5.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 31
Upcoming dividend of NT$3.85 per share at 1.4% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 13 October 2023. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (2.3%). Reported Earnings • Aug 05
Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint Second quarter 2023 results: EPS: NT$4.84 (up from NT$2.98 loss in 2Q 2022). Revenue: NT$5.38b (up 53% from 2Q 2022). Net income: NT$361.3m (up NT$585.6m from 2Q 2022). Profit margin: 6.7% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Representative Director Yu-Rou Chen was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 12
Wowprime Corp. Appoints Chen Yu-Rou as the Legal Person as Director Wowprime Corp. announced the following appointment: Name of legal person: LEH HERNG INVESTMENT LTD. Name of the new position holder: Chen Yu-Rou. Resume of the new position holder: The representative of LEH HERNG INVESTMENT LTD. Reason for the change: Because of re-election for all directors on shareholders' meeting in 2023, the newly-elected legal person as director appoints representative. Effective date of the new appointment: July 10, 2023. Duyuru • Jun 17
Wowprime Corp. Approves Cash Distribution of 2022 Wowprime Corp. at the AGM, the shareholders approved the adoption of the proposal for the distribution of 2022 profits with cash dividends of TWD 288,544,702. Duyuru • Jun 16
Wowprime Corp. Announces Directorate Changes Wowprime Corp. announced directors election result of Shareholders' Meeting held on June 15, 2023. Title and name of the new position holder Directors: Chen Cheng-Hui, Su Guo-Yao, LEH HERNG INVESTMENT LTD. Independent directors: Chiu Yijia, Wu Shao-Gui, Jian Min-Chiu, Chen Bai-Zhou. Resume of the new position holder: Directors: Chen Cheng-Hui/Director of Wowprime Corp. Su Guo-Yao/Professor of Professional Specialist/National Kaohsiung University of Hospitality and Tourism/Director of Wowprime Corp. LEH HERNG INVESTMENT LTD. Independent directors: Chiu Yijia/Professor, NCCU Graduate Institute of Technology, Innovation & Intellectual Property Management /Associate Dean, Business School of NCCU Wu Shao-Gui/Lawyer, JANG SHINN LAW FIRM Jian Min-Chiu/Accountant, Qinmin Accounting Firm, Chen Bai-Zhou/Senior Advisor of the Board of Directors, Telexpress. Effective date is June 15, 2023. New Risk • Jun 15
New major 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 7.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$361, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Hospitality industry in Taiwan. Total returns to shareholders of 363% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$662 per share. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$348, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Hospitality industry in Taiwan. Total returns to shareholders of 514% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$520 per share. Reported Earnings • Mar 30
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: NT$5.15 (up from NT$1.40 loss in FY 2021). Revenue: NT$18.3b (up 6.5% from FY 2021). Net income: NT$386.6m (up NT$491.3m from FY 2021). Profit margin: 2.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 73% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$234, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Hospitality industry in Taiwan. Total returns to shareholders of 275% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$197, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 22x in the Hospitality industry in Taiwan. Total returns to shareholders of 222% over the past three years. Price Target Changed • Nov 16
Price target increased to NT$160 Up from NT$145, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$155. Stock is up 9.5% over the past year. The company is forecast to post earnings per share of NT$4.35 next year compared to a net loss per share of NT$1.40 last year. Board Change • Nov 16
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. Independent Director Wen Qin Wu was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$3.77 (vs NT$1.45 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$3.77 (up from NT$1.45 loss in 3Q 2021). Revenue: NT$5.11b (up 36% from 3Q 2021). Net income: NT$283.3m (up NT$391.9m from 3Q 2021). Profit margin: 5.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Duyuru • Sep 03
Wowprime Corp. Announces Resignation of Hong-Han, Zhao as Director Wowprime Corp. announced the resignation of Hong-Han,Zhao as director. Date of occurrence of the change is September 1, 2022. Reported Earnings • Aug 06
Second quarter 2022 earnings released: NT$2.98 loss per share (vs NT$2.82 loss in 2Q 2021) Second quarter 2022 results: NT$2.98 loss per share (down from NT$2.82 loss in 2Q 2021). Revenue: NT$3.52b (down 4.1% from 2Q 2021). Net loss: NT$224.3m (loss widened 6.9% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Duyuru • Aug 05
Wowprime Corp. Appoints Chiu Jian Lun as Corporate Governance Officer Wowprime Corp. appointed CHIU JIAN LUN, General Manager of Business Support Center, as Corporate Governance Officer, effective August 4, 2022. Reported Earnings • May 08
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$1.62 (down from NT$1.81 in 1Q 2021). Revenue: NT$4.68b (flat on 1Q 2021). Net income: NT$122.2m (down 10% from 1Q 2021). Profit margin: 2.6% (down from 2.9% in 1Q 2021). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 154%. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Wen Qin Wu was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 10
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: NT$1.40 loss per share (down from NT$4.61 profit in FY 2020). Revenue: NT$17.2b (up 13% from FY 2020). Net loss: NT$104.7m (down 130% from profit in FY 2020). Revenue missed analyst estimates by 19%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Buying Opportunity • Feb 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.1%. The fair value is estimated to be NT$174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last year. Reported Earnings • Nov 07
Third quarter 2021 earnings released: NT$1.45 loss per share (vs NT$3.60 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$3.76b (down 16% from 3Q 2020). Net loss: NT$108.6m (down 140% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 16
Upcoming dividend of NT$4.36 per share Eligible shareholders must have bought the stock before 23 August 2021. Payment date: 17 September 2021. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (3.2%). Reported Earnings • Aug 09
Second quarter 2021 earnings released: NT$2.82 loss per share (vs NT$0.86 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$3.67b (up 5.4% from 2Q 2020). Net loss: NT$209.8m (down 425% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 18% share price gain to NT$173, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 23x in the Hospitality industry in Asia. Total returns to shareholders of 120% over the past three years. Price Target Changed • Jun 26
Price target increased to NT$165 Up from NT$145, the current price target is provided by 1 analyst. New target price is 11% above last closing price of NT$149. Stock is up 83% over the past year. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 26% share price decline to NT$126, the stock trades at a trailing P/E ratio of 15.1x. Average forward P/E is 20x in the Hospitality industry in Taiwan. Total returns to shareholders of 36% over the past three years. Reported Earnings • May 07
First quarter 2021 earnings released: EPS NT$1.80 (vs NT$1.98 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.72b (up 59% from 1Q 2020). Net income: NT$136.2m (up NT$284.7m from 1Q 2020). Profit margin: 2.9% (up from net loss in 1Q 2020). The move to profitability 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 8% per year, which means it is well ahead of earnings. Duyuru • Mar 11
Wowprime Corp., Annual General Meeting, Jun 29, 2021 Wowprime Corp., Annual General Meeting, Jun 29, 2021. Location: REIJU Construction Training Center Taichung City Taiwan Agenda: To consider the 2020 Business Report and Audit Committee's Review Report; to consider the report for the compensation of 2020 to employees and directors; to consider the Treasury Stock execution report for the 2nd time; to consider 2020 financial statements and business reports; and to consider the proposal for distribution of 2020 profits. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS NT$4.61 (vs NT$4.77 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$15.2b (down 6.2% from FY 2019). Net income: NT$348.3m (down 1.9% from FY 2019). Profit margin: 2.3% (up from 2.2% in FY 2019). 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 increased by 9% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 11
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 232%. Over the next year, revenue is forecast to grow 12%, compared to a 8.2% growth forecast for the Hospitality industry in Taiwan. Is New 90 Day High Low • Feb 22
New 90-day high: NT$148 The company is up 28% from its price of NT$116 on 24 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$307 per share. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 16% share price gain to NT$138, the stock is trading at a trailing P/E ratio of 42.4x, up from the previous P/E ratio of 36.4x. This compares to an average P/E of 31x in the Hospitality industry in Taiwan. Total returns to shareholders over the past three years are 26%. Is New 90 Day High Low • Dec 16
New 90-day high: NT$145 The company is up 89% from its price of NT$76.30 on 17 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$330 per share. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 20% share price gain to NT$141, the stock is trading at a trailing P/E ratio of 43.3x, up from the previous P/E ratio of 36.1x. This compares to an average P/E of 33x in the Hospitality industry in Taiwan. Total returns to shareholders over the past three years are 28%. Major Estimate Revision • Nov 28
Analysts increase EPS estimates to NT$2.88 The 2020 consensus revenue estimate increased from NT$14.5b to NT$14.9b. The earnings per share estimate also received an upgrade from NT$0.99 to NT$2.88 for the same period. Net income is expected to grow by 63% next year compared to 43% growth forecast for the Hospitality industry in Taiwan. The consensus price target increased from NT$88.00 to NT$115. Share price is up 9.3% to NT$129 over the past week. Price Target Changed • Nov 28
Price target raised to NT$115 Up from NT$88.00, the current price target is an average from 2 analysts. The new target price is 11% below the current share price of NT$129. As of last close, the stock is up 58% over the past year. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 28% share price gain to NT$99.80, the stock is trading at a trailing P/E ratio of 30.6x, up from the previous P/E ratio of 23.8x. This compares to an average P/E of 27x in the Hospitality industry in Taiwan. Total return to shareholders over the past three years is a loss of 12%. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 147%. Over the next year, revenue is forecast to grow 10%, compared to a 6.9% growth forecast for the Hospitality industry in Taiwan. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS NT$3.60 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$4.46b (up 6.0% from 3Q 2019). Net income: NT$273.6m (up 112% from 3Q 2019). Profit margin: 6.1% (up from 3.1% in 3Q 2019). The increase in margin was driven by higher revenue. 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 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 06
New 90-day high: NT$77.70 The company is up 8.0% from its price of NT$71.70 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$864 per share. Duyuru • Aug 07
Wowprime Corp. Announces CEO Changes Wowprime Corp. announced CEO changes. Name, title, and resume of the previous position holder is Lee Sen-Pin (Wowprime Director, General Manager and CEO). Name, title, and resume of the new position holder is Chen Cheng-Hui (Wowprime Chairman, General Manager and CEO). Type of the change is Position Adjustment. Effective August 7, 2020.