Upcoming Dividend • Jun 24
Upcoming dividend of NT$1.25 per share Eligible shareholders must have bought the stock before 01 July 2026. Payment date: 24 July 2026. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.6%). Declared Dividend • Jun 05
Dividend reduced to NT$1.25 Dividend of NT$1.25 is 7.4% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 5.3%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 2.3% 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 decline by 14% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.4% EPS decline seen over the last 5 years. Reported Earnings • May 17
First quarter 2026 earnings released: EPS: NT$0.39 (vs NT$0.34 in 1Q 2025) First quarter 2026 results: EPS: NT$0.39 (up from NT$0.34 in 1Q 2025). Revenue: NT$8.45b (flat on 1Q 2025). Net income: NT$552.2m (up 17% from 1Q 2025). Profit margin: 6.5% (up from 5.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$1.56 (vs NT$1.65 in FY 2024) Full year 2025 results: EPS: NT$1.56 (down from NT$1.65 in FY 2024). Revenue: NT$34.1b (down 2.7% from FY 2024). Net income: NT$2.20b (down 5.5% from FY 2024). Profit margin: 6.5% (down from 6.6% 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 4% per year whereas the company’s share price has increased by 1% per year. Duyuru • Mar 11
Far Eastern Department Stores, Ltd., Annual General Meeting, May 27, 2026 Far Eastern Department Stores, Ltd., Annual General Meeting, May 27, 2026. Location: 5 floor no,24, sec.1 hang chou s. rd., jhongjheng district, taipei city Taiwan Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.49 (vs NT$0.30 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.49 (up from NT$0.30 in 3Q 2024). Revenue: NT$7.62b (flat on 3Q 2024). Net income: NT$695.5m (up 62% from 3Q 2024). Profit margin: 9.1% (up from 5.6% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.29 (vs NT$0.38 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.29 (down from NT$0.38 in 2Q 2024). Revenue: NT$7.54b (down 4.0% from 2Q 2024). Net income: NT$402.6m (down 25% from 2Q 2024). Profit margin: 5.3% (down from 6.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 17
Upcoming dividend of NT$1.35 per share Eligible shareholders must have bought the stock before 24 June 2025. Payment date: 22 July 2025. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.7%). Buy Or Sell Opportunity • Jun 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.6% to NT$22.70. The fair value is estimated to be NT$28.46, 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. Earnings per share has grown by 17%. Duyuru • May 21
Far Eastern Department Stores, Ltd. Approves Cash Dividend for 2024 Far Eastern Department Stores, Ltd. in its Annual General Meeting of Shareholders resolved to approve the proposal for distribution of 2024 profits. Cash dividend of TWD 1.35 per share. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.41 in 1Q 2024) First quarter 2025 results: EPS: NT$0.34 (down from NT$0.41 in 1Q 2024). Revenue: NT$8.47b (down 4.0% from 1Q 2024). Net income: NT$473.6m (down 18% from 1Q 2024). Profit margin: 5.6% (down from 6.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • May 01
Far Eastern Department Stores, Ltd. to Report Q1, 2025 Results on May 08, 2025 Far Eastern Department Stores, Ltd. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$20.80, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 18x in the Multiline Retail industry in Taiwan. Total returns to shareholders of 14% over the past three years. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued Over the last 90 days, the stock has risen 1.1% to NT$22.25. The fair value is estimated to be NT$28.59, 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. Earnings per share has grown by 23%. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$1.65 (vs NT$1.95 in FY 2023) Full year 2024 results: EPS: NT$1.65 (down from NT$1.95 in FY 2023). Revenue: NT$35.0b (down 4.7% from FY 2023). Net income: NT$2.33b (down 16% from FY 2023). Profit margin: 6.6% (down from 7.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 06
Far Eastern Department Stores, Ltd., Annual General Meeting, May 20, 2025 Far Eastern Department Stores, Ltd., Annual General Meeting, May 20, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,24, sec.1 hang chou s. rd., jhongjheng district, taipei city Taiwan Duyuru • Feb 25
Far Eastern Department Stores, Ltd. to Report Fiscal Year 2024 Results on Mar 04, 2025 Far Eastern Department Stores, Ltd. announced that they will report fiscal year 2024 results on Mar 04, 2025 Buy Or Sell Opportunity • Feb 13
Now 21% overvalued Over the last 90 days, the stock has fallen 9.2% to NT$23.25. The fair value is estimated to be NT$19.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.30 (vs NT$0.51 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.30 (down from NT$0.51 in 3Q 2023). Revenue: NT$7.69b (down 6.8% from 3Q 2023). Net income: NT$429.0m (down 40% from 3Q 2023). Profit margin: 5.6% (down from 8.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 05
Far Eastern Department Stores, Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Far Eastern Department Stores, Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.38 (vs NT$0.51 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.38 (down from NT$0.51 in 2Q 2023). Revenue: NT$7.85b (down 4.9% from 2Q 2023). Net income: NT$538.9m (down 26% from 2Q 2023). Profit margin: 6.9% (down from 8.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 02
Far Eastern Department Stores, Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Far Eastern Department Stores, Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Declared Dividend • Jul 03
Dividend increased to NT$1.60 Dividend of NT$1.60 is 45% higher than last year. Ex-date: 16th July 2024 Payment date: 6th August 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jul 02
Far Eastern Department Stores, Ltd. Approves Dividend Distribution, Payable on August 6, 2024 Far Eastern Department Stores, Ltd. approved dividend distribution of TWD 1.6 per share. Date of the resolution by the board of directors or shareholders meeting or decision by the company is July 1, 2024. Ex-rights (ex-dividend) trading date is July 16, 2024. Ex-rights (ex-dividend) record date is July 22, 2024. Payment date of common stock cash dividend distribution is August 6, 2024. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: NT$0.41 (vs NT$0.56 in 1Q 2023) First quarter 2024 results: EPS: NT$0.41 (down from NT$0.56 in 1Q 2023). Revenue: NT$8.82b (down 5.0% from 1Q 2023). Net income: NT$578.9m (down 27% from 1Q 2023). Profit margin: 6.6% (down from 8.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Mar 18
Full year 2023 earnings released: EPS: NT$1.95 (vs NT$1.37 in FY 2022) Full year 2023 results: EPS: NT$1.95 (up from NT$1.37 in FY 2022). Revenue: NT$36.7b (up 2.4% from FY 2022). Net income: NT$2.75b (up 43% from FY 2022). Profit margin: 7.5% (up from 5.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 24
Far Eastern Department Stores, Ltd., Annual General Meeting, Jun 14, 2024 Far Eastern Department Stores, Ltd., Annual General Meeting, Jun 14, 2024. Location: 14F., No. 136, Sec. 3, Ren'ai Rd., Da'an Dist Taipei City Taiwan Agenda: To consider the 2023 business report; to consider the 2023 financial statements; to consider the supervisors's review report on 2023 business report and financial statements; to consider the 2023 employees's compensation and directors' remuneration; to consider the 2023 business report and financial statements; and to consider the proposal for the distribution of 2023 profit. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$0.51 (vs NT$0.018 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.51 (up from NT$0.018 loss in 2Q 2022). Revenue: NT$8.25b (up 16% from 2Q 2022). Net income: NT$724.1m (up NT$749.9m from 2Q 2022). Profit margin: 8.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 11
Upcoming dividend of NT$1.10 per share at 4.6% yield Eligible shareholders must have bought the stock before 18 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.0%). Duyuru • Jun 23
Far Eastern Department Stores, Ltd. Approves Proposal for the Distribution of 2022 Profits Far Eastern Department Stores, Ltd. at shareholders meeting on June 21, 2023 the company resolved to approve the proposal for the distribution of 2022 profits. Cash dividend of TWD 1.1 per share. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: NT$1.37 (vs NT$0.86 in FY 2021) Full year 2022 results: EPS: NT$1.37 (up from NT$0.86 in FY 2021). Revenue: NT$35.9b (up 1.6% from FY 2021). Net income: NT$1.93b (up 60% from FY 2021). Profit margin: 5.4% (up from 3.4% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of 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 an independent director. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ding Yu Dong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Nov 11
Far Eastern Department Stores, Ltd. Announces the Appointment of Greg Tseng as Chief Information Security Officer Far Eastern Department Stores, Ltd. announced the appointment of Greg Tseng as Chief Information Security Officer. Name, title, and resume of the new position holder: Greg Tseng, Junior Vice President of FEDS. Reason for the change: New replacement. Effective date is November 10, 2022. Reported Earnings • Aug 17
Second quarter 2022 earnings released: NT$0.02 loss per share (vs NT$0.09 loss in 2Q 2021) Second quarter 2022 results: NT$0.02 loss per share (up from NT$0.09 loss in 2Q 2021). Revenue: NT$7.14b (flat on 2Q 2021). Net loss: NT$25.8m (loss narrowed 80% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year. Upcoming Dividend • Jul 07
Upcoming dividend of NT$0.90 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 12 August 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (4.3%). Duyuru • Jun 25
Far Eastern Department Stores, Ltd. Approves Distribution of 2021 Profits Far Eastern Department Stores, Ltd. approved the proposal for the distribution of 2021 profits of Cash dividend of TWD 0.9 per share, at its shareholders meeting held on June 24, 2022. Reported Earnings • May 15
First quarter 2022 earnings released: EPS: NT$0.38 (vs NT$0.50 in 1Q 2021) First quarter 2022 results: EPS: NT$0.38 (down from NT$0.50 in 1Q 2021). Revenue: NT$9.06b (down 3.0% from 1Q 2021). Net income: NT$536.1m (down 24% from 1Q 2021). Profit margin: 5.9% (down from 7.5% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. 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 an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ding Yu Dong was the last independent director to join the board, commencing their role in 2020. 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 • Mar 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: NT$0.86 (down from NT$1.38 in FY 2020). Revenue: NT$35.3b (down 5.3% from FY 2020). Net income: NT$1.21b (down 38% from FY 2020). Profit margin: 3.4% (down from 5.2% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.8%. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year. Duyuru • Mar 04
Far Eastern Department Stores, Ltd., Annual General Meeting, Jun 14, 2022 Far Eastern Department Stores, Ltd., Annual General Meeting, Jun 14, 2022. Location: No. 1, Yuandong Rd., Banqiao Dist., New Taipei City 220 Taipei City Taiwan Agenda: To consider 2021 business report; to consider 2021 financial statements; to consider Supervisors' review report on 2021 business report and financial statements; to consider 2021 employees' compensation; and to consider any other matters of the business. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS NT$0.23 (vs NT$0.58 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$7.04b (down 17% from 3Q 2020). Net income: NT$319.4m (down 61% from 3Q 2020). Profit margin: 4.5% (down from 9.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Aug 15
Second quarter 2021 earnings released: NT$0.09 loss per share (vs NT$0.23 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$7.08b (down 11% from 2Q 2020). Net loss: NT$126.2m (down 140% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Executive Departure • Aug 03
Director Jin-Lin Liang has left the company On the 28th of July, Jin-Lin Liang's tenure as Director ended after 15.2 years in the role. We don't have any record of a personal shareholding under Jin-Lin's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 6.04 years. Executive Departure • Aug 03
Director Chee Ching has left the company On the 28th of July, Chee Ching's tenure as Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Chee's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 6.04 years. Upcoming Dividend • Jul 21
Upcoming dividend of NT$1.10 per share Eligible shareholders must have bought the stock before 28 July 2021. Payment date: 24 August 2021. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.6%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.50 (vs NT$0.055 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$9.34b (up 8.2% from 1Q 2020). Net income: NT$703.2m (up NT$625.3m from 1Q 2020). Profit margin: 7.5% (up from 0.9% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$1.38 (vs NT$1.27 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$37.3b (down 1.6% from FY 2019). Net income: NT$1.94b (up 8.8% from FY 2019). Profit margin: 5.2% (up from 4.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 26
New 90-day low: NT$22.00 The company is down 9.0% from its price of NT$24.15 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 5.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: NT$23.15 The company is down 7.0% from its price of NT$24.85 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is up 3.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.58 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$8.51b (up 2.4% from 3Q 2019). Net income: NT$813.6m (up 78% from 3Q 2019). Profit margin: 9.6% (up from 5.5% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 01
New 90-day low: NT$23.60 The company is down 4.0% from its price of NT$24.65 on 03 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is flat over the same period.