New Risk • May 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.1% 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 2.1% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). Major Estimate Revision • Apr 24
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$4.61b to NT$4.89b. EPS estimate increased from NT$4.50 to NT$5.05 per share. Net income forecast to grow 67% next year vs 50% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$140 to NT$147. Share price fell 7.1% to NT$138 over the past week. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$138, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 50% over the past three years. Major Estimate Revision • Mar 12
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$4.77b to NT$4.82b. EPS estimate increased from NT$3.92 to NT$4.50 per share. Net income forecast to grow 17% next year vs 43% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$128 to NT$138. Share price rose 7.2% to NT$134 over the past week. Annonce • Mar 06
Advanced Wireless Semiconductor Company, Annual General Meeting, May 28, 2026 Advanced Wireless Semiconductor Company, Annual General Meeting, May 28, 2026. Location: 2 floor no,26, nan k`o 3rd rd., sinshih district, tainan city Taiwan Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: NT$3.36 (vs NT$2.65 in FY 2024) Full year 2025 results: EPS: NT$3.36 (up from NT$2.65 in FY 2024). Revenue: NT$4.12b (down 7.6% from FY 2024). Net income: NT$660.1m (up 27% from FY 2024). Profit margin: 16% (up from 12% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 15
Price target increased by 7.6% to NT$128 Up from NT$119, the current price target is an average from 6 analysts. New target price is 15% above last closing price of NT$111. Stock is up 14% over the past year. The company is forecast to post earnings per share of NT$3.09 for next year compared to NT$2.65 last year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$105, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 39% over the past three years. Major Estimate Revision • Nov 10
Consensus EPS estimates increase by 18%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$4.07b to NT$3.99b. EPS estimate rose from NT$2.73 to NT$3.23. Net income forecast to grow 105% next year vs 31% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$117. Share price fell 4.6% to NT$113 over the past week. Price Target Changed • Sep 03
Price target increased by 12% to NT$111 Up from NT$98.67, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$114. Stock is up 11% over the past year. The company is forecast to post earnings per share of NT$2.68 for next year compared to NT$2.65 last year. Upcoming Dividend • Aug 23
Upcoming dividend of NT$1.19 per share Eligible shareholders must have bought the stock before 27 August 2025. Payment date: 24 September 2025. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.2%). Reported Earnings • Aug 11
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: NT$0.50 (down from NT$1.06 in 2Q 2024). Revenue: NT$974.4m (down 26% from 2Q 2024). Net income: NT$99.0m (down 53% from 2Q 2024). Profit margin: 10% (down from 16% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 09
Dividend increased to NT$1.19 Dividend of NT$1.19 is 19% higher than last year. Ex-date: 27th August 2025 Payment date: 24th September 2025 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Aug 08
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$3.94b to NT$4.01b. EPS estimate increased from NT$2.21 to NT$2.44 per share. Net income forecast to grow 11% next year vs 14% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$87.00 to NT$94.50. Share price rose 2.4% to NT$105 over the past week. Buy Or Sell Opportunity • Jul 22
Now 24% undervalued Over the last 90 days, the stock has risen 24% to NT$90.20. The fair value is estimated to be NT$118, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 3.5% in a year. Earnings are forecast to grow by 11% in the next year. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$94.60, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$118 per share. Price Target Changed • Jul 14
Price target decreased by 7.4% to NT$92.29 Down from NT$99.71, the current price target is an average from 7 analysts. New target price is 23% above last closing price of NT$75.00. Stock is down 45% over the past year. The company is forecast to post earnings per share of NT$2.21 for next year compared to NT$2.65 last year. New Risk • Jun 13
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 8.7% 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. This is currently the only risk that has been identified for the company. Annonce • May 29
Advanced Wireless Semiconductor Company Approves Board Elections Advanced Wireless Semiconductor Company at its 2025 general shareholders meeting held on May 28, 2025, approved the election of Directors as: Director: You-Min Chi, Director: Kuo-Chun Huang, Director: Sino-American Silicon Products Inc. Representative: Hsiu-Lan Hsu, Director: Sino-American Silicon Products Inc. Representative: Tang-Liang Yao and Director: Wen-Huei Tsai, Independent Director: Chung-Hsien Liu, Independent Director: Chung-Wen Lan, Independent Director: Ching-Wen Cheng and Independent Director: Tzu-Hsuan Tsai. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$82.20, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total loss to shareholders of 1.8% over the past three years. New Risk • May 12
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 8.7% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 09
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: NT$0.42 (down from NT$1.09 in 1Q 2024). Revenue: NT$771.8m (down 40% from 1Q 2024). Net income: NT$82.5m (down 61% from 1Q 2024). Profit margin: 11% (down from 17% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Apr 30
Advanced Wireless Semiconductor Company to Report Q1, 2025 Results on May 08, 2025 Advanced Wireless Semiconductor Company announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$69.30, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total loss to shareholders of 25% over the past three years. Major Estimate Revision • Mar 08
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$4.72b to NT$4.06b. EPS estimate fell from NT$3.02 to NT$2.09 per share. Net income forecast to shrink 21% next year vs 19% growth forecast for Semiconductor industry in Taiwan . Consensus price target of NT$105 unchanged from last update. Share price fell 4.4% to NT$94.70 over the past week. Reported Earnings • Feb 22
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: NT$2.65 (up from NT$0.42 in FY 2023). Revenue: NT$4.46b (up 64% from FY 2023). Net income: NT$520.9m (up NT$438.2m from FY 2023). Profit margin: 12% (up from 3.0% in FY 2023). 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 6.1% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% 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 0.8% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Annonce • Feb 13
Advanced Wireless Semiconductor Company to Report Fiscal Year 2024 Results on Feb 20, 2025 Advanced Wireless Semiconductor Company announced that they will report fiscal year 2024 results on Feb 20, 2025 Price Target Changed • Dec 12
Price target decreased by 11% to NT$108 Down from NT$121, the current price target is an average from 7 analysts. New target price is 7.2% above last closing price of NT$101. Stock is down 25% over the past year. The company is forecast to post earnings per share of NT$2.67 for next year compared to NT$0.42 last year. Major Estimate Revision • Nov 15
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$3.35 to NT$2.64 per share. Revenue forecast steady at NT$4.74b. Net income forecast to grow 3.6% next year vs 30% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$127 to NT$121. Share price rose 2.2% to NT$95.00 over the past week. Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: NT$0.42 (down from NT$0.63 in 3Q 2023). Revenue: NT$1.10b (up 41% from 3Q 2023). Net income: NT$81.7m (down 34% from 3Q 2023). Profit margin: 7.4% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor 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 only fallen by 15% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 01
Price target decreased by 7.1% to NT$131 Down from NT$141, the current price target is an average from 7 analysts. New target price is 41% above last closing price of NT$92.40. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$3.60 for next year compared to NT$0.42 last year. Annonce • Oct 29
Advanced Wireless Semiconductor Company to Report Q3, 2024 Results on Nov 07, 2024 Advanced Wireless Semiconductor Company announced that they will report Q3, 2024 results on Nov 07, 2024 Price Target Changed • Oct 25
Price target decreased by 7.1% to NT$131 Down from NT$141, the current price target is an average from 7 analysts. New target price is 34% above last closing price of NT$97.80. Stock is up 2.1% over the past year. The company is forecast to post earnings per share of NT$3.60 for next year compared to NT$0.42 last year. New Risk • Sep 04
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 7.4% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Aug 20
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 27 August 2024. Payment date: 20 September 2024. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.1%). New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings have declined by 14% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 10
Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations Second quarter 2024 results: EPS: NT$1.06 (up from NT$0.01 in 2Q 2023). Revenue: NT$1.31b (up 148% from 2Q 2023). Net income: NT$209.0m (up NT$207.0m from 2Q 2023). Profit margin: 16% (up from 0.4% in 2Q 2023). 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 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Annonce • Aug 10
Advanced Wireless Semiconductor Company Announces Cash Dividend, Payable on September 20, 2024 Advanced Wireless Semiconductor Company announced cash dividend from earnings of TWD 74,453,673 (TWD 0.3789 per share). Ex-rights (Ex-dividend) date: August 27, 2024. Ex-rights (Ex dividend) record date is September 02, 2024. Payment date of cash dividend distribution is September 20, 2024. Price Target Changed • Aug 09
Price target decreased by 10% to NT$149 Down from NT$166, the current price target is an average from 6 analysts. New target price is 52% above last closing price of NT$98.20. Stock is up 7.0% over the past year. The company is forecast to post earnings per share of NT$4.14 for next year compared to NT$0.42 last year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$93.70, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$73.69 per share. Annonce • Aug 01
Advanced Wireless Semiconductor Company to Report Q2, 2024 Results on Aug 08, 2024 Advanced Wireless Semiconductor Company announced that they will report Q2, 2024 results on Aug 08, 2024 New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 481% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • May 12
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: NT$1.09 (up from NT$0.99 loss in 1Q 2023). Revenue: NT$1.29b (up 276% from 1Q 2023). Net income: NT$214.0m (up NT$409.6m from 1Q 2023). Profit margin: 17% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.9%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Annonce • May 01
Advanced Wireless Semiconductor Company to Report Q1, 2024 Results on May 09, 2024 Advanced Wireless Semiconductor Company announced that they will report Q1, 2024 results on May 09, 2024 Buy Or Sell Opportunity • Mar 22
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to NT$152. The fair value is estimated to be NT$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 81%. Revenue is forecast to grow by 75% in 2 years. Earnings are forecast to grow by 749% in the next 2 years. Buy Or Sell Opportunity • Mar 02
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.4% to NT$149. The fair value is estimated to be NT$124, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 81%. Revenue is forecast to grow by 63% in 2 years. Earnings are forecast to grow by 653% in the next 2 years. Major Estimate Revision • Mar 01
Consensus revenue estimates increase by 23% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$3.91b to NT$4.81b. EPS estimate increased from NT$2.67 to NT$3.84 per share. Net income forecast to grow 523% next year vs 21% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$145 to NT$150. Share price was steady at NT$142 over the past week. Reported Earnings • Feb 22
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: NT$0.42 (up from NT$0.07 in FY 2022). Revenue: NT$2.72b (up 26% from FY 2022). Net income: NT$82.7m (up NT$69.0m from FY 2022). Profit margin: 3.0% (up from 0.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. New Risk • Nov 27
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 7.5% 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. This is currently the only risk that has been identified for the company. Price Target Changed • Nov 14
Price target increased by 11% to NT$137 Up from NT$123, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$131. Stock is up 91% over the past year. The company is forecast to post earnings per share of NT$0.35 for next year compared to NT$0.07 last year. Buying Opportunity • Oct 26
Now 20% undervalued Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be NT$120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Oct 05
Price target increased by 13% to NT$133 Up from NT$117, the current price target is an average from 4 analysts. New target price is 22% above last closing price of NT$109. Stock is up 68% over the past year. The company is forecast to post a net loss per share of NT$0.057 compared to earnings per share of NT$0.07 last year. New Risk • Aug 24
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 6.2% 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. Reported Earnings • Aug 05
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: NT$0.01 (down from NT$0.14 in 2Q 2022). Revenue: NT$527.2m (down 10% from 2Q 2022). Net income: NT$1.96m (down 93% from 2Q 2022). Profit margin: 0.4% (down from 4.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Major Estimate Revision • Aug 04
Consensus EPS estimates upgraded to NT$0.73 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -NT$0.91 to -NT$0.734 per share. Revenue forecast steady at NT$2.34b. Semiconductor industry in Taiwan expected to see average net income decline 11% next year. Consensus price target up from NT$78.00 to NT$90.67. Share price rose 8.6% to NT$99.50 over the past week. Annonce • Jun 30
Advanced Wireless Semiconductor Company Appoints Chien-Yung Ma as Independent Director and Member of the Audit Committee Advanced Wireless Semiconductor Company appointed Chien-Yung Ma as independent director and member of the Audit Committee, effective from June 29, 2023. Resume of the new position holder: Director,Solar Applied Materials Technology Corp. Director,Highlight Tech Corp. Chairperson,FORCERA MATERIALS CO., LTD. Director,YU TAY VACUUM CO., LTD. Price Target Changed • Jun 28
Price target increased by 7.3% to NT$78.00 Up from NT$72.67, the current price target is an average from 3 analysts. New target price is 11% below last closing price of NT$88.00. Stock is up 4.0% over the past year. The company is forecast to post a net loss per share of NT$0.91 compared to earnings per share of NT$0.07 last year. Major Estimate Revision • Jun 13
Consensus EPS estimates fall by 368% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -NT$0.194 to -NT$0.91 per share. Revenue forecast unchanged at NT$2.29b. Semiconductor industry in Taiwan expected to see average net income decline 13% next year. Consensus price target up from NT$72.67 to NT$76.33. Share price was steady at NT$90.70 over the past week. Annonce • May 18
Advanced Wireless Semiconductor Company Announces the Change of Representative of Juristic Person Director Advanced Wireless Semiconductor Company appointed Cheng-Chien Chen, President, as juristic person director in place of Ming-Huei Chien, Chief Corporate Governance Officer, Sino-American Silicon Products Inc. The changes will be effective from May 17, 2023. Major Estimate Revision • May 06
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$2.44b to NT$2.27b. EPS estimate also fell from NT$0.329 per share to NT$0.24 per share. Net income forecast to grow 250% next year vs 21% decline forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$72.67. Share price fell 3.3% to NT$80.10 over the past week. Price Target Changed • Mar 29
Price target increased by 22% to NT$72.67 Up from NT$59.33, the current price target is an average from 3 analysts. New target price is 15% below last closing price of NT$85.00. Stock is down 16% over the past year. The company is forecast to post earnings per share of NT$0.33 for next year compared to NT$0.07 last year. Reported Earnings • Mar 24
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: NT$0.07 (down from NT$4.29 in FY 2021). Revenue: NT$2.16b (down 54% from FY 2021). Net income: NT$13.7m (down 98% from FY 2021). Profit margin: 0.6% (down from 18% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 68%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Major Estimate Revision • Mar 16
Consensus EPS estimates increase by 21% The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate increased from NT$0.307 to NT$0.37. Revenue forecast steady at NT$2.16b. Net income forecast to shrink 82% next year vs 20% decline forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$59.33. Share price fell 4.9% to NT$74.00 over the past week. Price Target Changed • Jan 06
Price target increased to NT$59.33 Up from NT$52.33, the current price target is an average from 3 analysts. New target price is 19% below last closing price of NT$73.10. Stock is down 44% over the past year. The company is forecast to post earnings per share of NT$0.31 for next year compared to NT$4.29 last year. Major Estimate Revision • Dec 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from NT$2.20 to NT$1.08 per share. Revenue forecast steady at NT$2.18b. Net income forecast to grow 44% next year vs 14% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$55.67 to NT$52.33. Share price was steady at NT$71.90 over the past week. 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. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: NT$0.07 (vs NT$1.31 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.07 (down from NT$1.31 in 3Q 2021). Revenue: NT$590.7m (down 54% from 3Q 2021). Net income: NT$13.7m (down 95% from 3Q 2021). Profit margin: 2.3% (down from 20% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 30
Price target decreased to NT$59.00 Down from NT$64.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$60.90. Stock is down 55% over the past year. The company is forecast to post earnings per share of NT$3.32 for next year compared to NT$4.29 last year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$59.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$26.78 per share. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: NT$0.13 (vs NT$1.01 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.13 (down from NT$1.01 in 2Q 2021). Revenue: NT$587.9m (down 49% from 2Q 2021). Net income: NT$26.4m (down 87% from 2Q 2021). Profit margin: 4.5% (down from 17% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 9.0%, compared to a 21% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$72.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total returns to shareholders of 12% over the past three years. Upcoming Dividend • Jun 29
Upcoming dividend of NT$2.80 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 05 August 2022. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (6.3%). In line with average of industry peers (3.6%). Reported Earnings • May 06
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$0.24 (down from NT$0.89 in 1Q 2021). Revenue: NT$611.0m (down 43% from 1Q 2021). Net income: NT$48.0m (down 73% from 1Q 2021). Profit margin: 7.9% (down from 17% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Over the next year, revenue is expected to shrink by 15% compared to a 24% growth forecast for the 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 17% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to NT$80.00 Down from NT$118, the current price target is an average from 2 analysts. New target price is 11% below last closing price of NT$89.80. Stock is down 43% over the past year. The company is forecast to post earnings per share of NT$3.32 for next year compared to NT$4.29 last year. Board Change • Apr 27
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. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Mar 19
Price target decreased to NT$98.33 Down from NT$118, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$103. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$3.32 for next year compared to NT$4.29 last year. Reported Earnings • Mar 18
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: NT$4.29 (up from NT$3.75 in FY 2020). Revenue: NT$4.72b (up 33% from FY 2020). Net income: NT$843.6m (up 35% from FY 2020). Profit margin: 18% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Over the next year, revenue is expected to shrink by 1.3% compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 27% per year. Price Target Changed • Jan 07
Price target decreased to NT$164 Down from NT$179, the current price target is an average from 2 analysts. New target price is 21% above last closing price of NT$136. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of NT$4.63 for next year compared to NT$3.75 last year. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$1.30 (vs NT$0.89 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.28b (up 46% from 3Q 2020). Net income: NT$256.4m (up 67% from 3Q 2020). Profit margin: 20% (up from 18% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 18% share price gain to NT$170, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 211% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 17% share price gain to NT$187, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 175% over the past three years. Upcoming Dividend • Jul 09
Upcoming dividend of NT$2.80 per share Eligible shareholders must have bought the stock before 16 July 2021. Payment date: 13 August 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (2.2%). Price Target Changed • Jun 17
Price target decreased to NT$172 Down from NT$190, the current price target is provided by 1 analyst. New target price is 14% above last closing price of NT$151. Stock is up 62% over the past year. Price Target Changed • Jun 09
Price target decreased to NT$183 Down from NT$197, the current price target is provided by 1 analyst. New target price is 30% above last closing price of NT$141. Stock is up 56% over the past year. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 16% share price gain to NT$142, the stock trades at a trailing P/E ratio of 39.7x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 124% over the past three years. Reported Earnings • May 06
First quarter 2021 earnings released: EPS NT$0.89 (vs NT$1.11 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$1.07b (up 31% from 1Q 2020). Net income: NT$175.6m (up 11% from 1Q 2020). Profit margin: 17% (down from 20% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$129, the stock trades at a trailing P/E ratio of 34.4x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 105% over the past three years. Price Target Changed • Apr 08
Price target increased to NT$194 Up from NT$176, the current price target is provided by 1 analyst. New target price is 17% above last closing price of NT$166. Stock is up 91% over the past year. Reported Earnings • Apr 03
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.54b (up 61% from FY 2019). Net income: NT$622.9m (up 73% from FY 2019). Profit margin: 18% (up from 16% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 37% per year. Annonce • Mar 19
Advanced Wireless Semiconductor Company, Annual General Meeting, Jun 09, 2021 Advanced Wireless Semiconductor Company, Annual General Meeting, Jun 09, 2021. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS NT$3.75 (vs NT$2.54 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.54b (up 61% from FY 2019). Net income: NT$622.9m (up 73% from FY 2019). Profit margin: 18% (up from 16% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 32% per year.