Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$6.36 (vs NT$6.49 in FY 2024) Full year 2025 results: EPS: NT$6.36 (down from NT$6.49 in FY 2024). Revenue: NT$1.34b (up 3.9% from FY 2024). Net income: NT$202.7m (down 2.0% from FY 2024). Profit margin: 15% (in line with FY 2024). 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 11% per year. Duyuru • Mar 13
Godex International Co., Ltd, Annual General Meeting, Jun 30, 2026 Godex International Co., Ltd, Annual General Meeting, Jun 30, 2026. Location: 4-2 floor no,63, sec.3 huo p`ing e. rd., taipei city Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$1.79 (vs NT$1.93 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.79 (down from NT$1.93 in 3Q 2024). Revenue: NT$315.6m (down 4.0% from 3Q 2024). Net income: NT$56.9m (down 7.3% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: NT$0.93 (vs NT$1.91 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.93 (down from NT$1.91 in 2Q 2024). Revenue: NT$359.9m (up 8.2% from 2Q 2024). Net income: NT$29.5m (down 52% from 2Q 2024). Profit margin: 8.2% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Upcoming Dividend • Jul 16
Upcoming dividend of NT$5.20 per share Eligible shareholders must have bought the stock before 23 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.0%). Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$1.65 (vs NT$0.92 in 1Q 2024) First quarter 2025 results: EPS: NT$1.65 (up from NT$0.92 in 1Q 2024). Revenue: NT$281.9m (up 11% from 1Q 2024). Net income: NT$52.6m (up 79% from 1Q 2024). Profit margin: 19% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$67.70, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 48% over the past three years. Reported Earnings • Mar 23
Full year 2024 earnings released: EPS: NT$6.49 (vs NT$4.54 in FY 2023) Full year 2024 results: EPS: NT$6.49 (up from NT$4.54 in FY 2023). Revenue: NT$1.29b (up 13% from FY 2023). Net income: NT$206.9m (up 43% from FY 2023). Profit margin: 16% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 14
Godex International Co., Ltd, Annual General Meeting, Jun 26, 2025 Godex International Co., Ltd, Annual General Meeting, Jun 26, 2025. Location: 4-2 floor no,63, sec.3 huo p`ing e. rd., taipei city Taiwan New Risk • Nov 18
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 6.8% 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: 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 (6.8% average weekly change). Market cap is less than US$100m (NT$2.82b market cap, or US$86.8m). Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.37 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.93 (up from NT$1.37 in 3Q 2023). Revenue: NT$328.9m (up 16% from 3Q 2023). Net income: NT$61.4m (up 40% from 3Q 2023). Profit margin: 19% (up from 15% in 3Q 2023). The increase in margin was 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 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$86.00, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$79.00, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 99% over the past three years. Buy Or Sell Opportunity • Aug 28
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to NT$73.20. The fair value is estimated to be NT$58.44, 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 4.4%. Upcoming Dividend • Aug 16
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 23 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$1.91 (vs NT$0.94 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.91 (up from NT$0.94 in 2Q 2023). Revenue: NT$332.7m (up 14% from 2Q 2023). Net income: NT$60.9m (up 104% from 2Q 2023). Profit margin: 18% (up from 10% in 2Q 2023). The increase in margin was 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 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.92 (vs NT$1.06 in 1Q 2023) First quarter 2024 results: EPS: NT$0.92 (down from NT$1.06 in 1Q 2023). Revenue: NT$253.8m (down 6.1% from 1Q 2023). Net income: NT$29.4m (down 13% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$4.54 (vs NT$5.95 in FY 2022) Full year 2023 results: EPS: NT$4.54 (down from NT$5.95 in FY 2022). Revenue: NT$1.15b (down 11% from FY 2022). Net income: NT$144.7m (down 24% from FY 2022). Profit margin: 13% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Duyuru • Mar 15
Godex International Co., Ltd, Annual General Meeting, Jun 20, 2024 Godex International Co., Ltd, Annual General Meeting, Jun 20, 2024. Location: No. 63-4, Sec. 3, Heping E. Rd., Daan Dist., Taipei City, Taiwan Taipei City Taiwan Agenda: To approve the 2023 Business Report; to approve the Audit Committee's Review Report on 2023 Financial Statements; to approve the Employees and Directors Compensation for 2023; to approve the 2023 Directors' Remuneration Report; to approve the 2023 Earnings Distribution-Cash Dividend Report; to accept 2023 Business Report and Financial Statements; To accept the proposal for distribution of 2023 earnings;. Duyuru • Feb 03
Godex International Co., Ltd. Announces the Appointment of John Niu as Research and Development Officer Godex International Co. Ltd. announced the appointment of John Niu as research and development officer, February 2, 2024. John Niu is Director of Godex International Co. Ltd. and Deputy Director of Research and development Division. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$0.94 (vs NT$1.24 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.94 (down from NT$1.24 in 2Q 2022). Revenue: NT$291.1m (down 3.0% from 2Q 2022). Net income: NT$29.8m (down 25% from 2Q 2022). Profit margin: 10% (down from 13% in 2Q 2022). 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 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 03
Upcoming dividend of NT$4.50 per share at 7.0% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 02 August 2023. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: NT$5.95 (vs NT$4.19 in FY 2021) Full year 2022 results: EPS: NT$5.95 (up from NT$4.19 in FY 2021). Revenue: NT$1.29b (up 6.3% from FY 2021). Net income: NT$189.6m (up 42% from FY 2021). Profit margin: 15% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: NT$1.67 (vs NT$1.27 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.67 (up from NT$1.27 in 3Q 2021). Revenue: NT$317.2m (up 1.6% from 3Q 2021). Net income: NT$53.3m (up 32% from 3Q 2021). Profit margin: 17% (up from 13% in 3Q 2021). The increase in margin was primarily driven by lower expenses. 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 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.37 (vs NT$1.07 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.37 (up from NT$1.07 in 2Q 2021). Revenue: NT$300.2m (flat on 2Q 2021). Net income: NT$39.6m (up 17% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 01
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 08 August 2022. Payment date: 29 August 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.6%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$1.84 (vs NT$0.91 in 1Q 2021) First quarter 2022 results: EPS: NT$1.84 (up from NT$0.91 in 1Q 2021). Revenue: NT$346.5m (up 27% from 1Q 2021). Net income: NT$53.2m (up 103% from 1Q 2021). Profit margin: 15% (up from 9.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$4.61 (vs NT$3.27 in FY 2020) Full year 2021 results: EPS: NT$4.61 (up from NT$3.27 in FY 2020). Revenue: NT$1.21b (up 23% from FY 2020). Net income: NT$133.5m (up 41% from FY 2020). Profit margin: 11% (up from 9.6% in FY 2020). The increase in margin 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 4% per year, which means it is well ahead of earnings. Duyuru • Apr 02
Godex International Co., Ltd, Annual General Meeting, Jun 22, 2022 Godex International Co., Ltd, Annual General Meeting, Jun 22, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.39 (vs NT$1.37 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$312.2m (up 14% from 3Q 2020). Net income: NT$40.4m (up 2.2% from 3Q 2020). Profit margin: 13% (down from 14% 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 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 10
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 14 October 2021. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.3%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$1.35 (vs NT$0.70 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$300.8m (up 39% from 2Q 2020). Net income: NT$34.0m (up 92% from 2Q 2020). Profit margin: 11% (up from 8.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% 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. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$1.04 (vs NT$0.37 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$272.8m (up 33% from 1Q 2020). Net income: NT$26.2m (up 182% from 1Q 2020). Profit margin: 9.6% (up from 4.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$3.76 (vs NT$4.80 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$987.8m (down 8.2% from FY 2019). Net income: NT$94.7m (down 21% from FY 2019). Profit margin: 9.6% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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. Is New 90 Day High Low • Mar 04
New 90-day high: NT$51.10 The company is up 4.0% from its price of NT$49.10 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: NT$49.70 The company is up 6.0% from its price of NT$46.85 on 08 October 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: NT$49.60 The company is up 3.0% from its price of NT$48.00 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.57 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$272.6m (up 7.1% from 3Q 2019). Net income: NT$39.6m (up 40% from 3Q 2019). Profit margin: 14% (up from 11% 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 10% per year whereas the company’s share price has fallen by 11% per year.