Feature Integration Technology（4951）株式概要Feature Integration Technology Inc.は台湾で集積回路（IC）チップの研究、開発、マーケティング、販売を行っている。 詳細4951 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績5/6財務の健全性6/6配当金3/6報酬株価収益率（ 20.5 x） TW市場（ 22.5 x）を下回っています。過去1年間で収益は41.5%増加しました リスク分析財務結果に影響を与える大きな一時的項目 TW市場と比較した過去 3 か月間の株価の変動3.41%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る4951 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$132.00469.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0600m2016201920222025202620282031Revenue NT$563.1mEarnings NT$226.3mAdvancedSet Fair ValueView all narrativesFeature Integration Technology Inc. 競合他社Champion MicroelectronicSymbol: TWSE:3257Market cap: NT$4.3bMajor-Power TechnologySymbol: TPEX:6720Market cap: NT$4.7bExcellence Optoelectronics HoldingSymbol: TWSE:3717Market cap: NT$4.8bMicro Silicon ElectronicsSymbol: TWSE:8162Market cap: NT$4.6b価格と性能株価の高値、安値、推移の概要Feature Integration Technology過去の株価現在の株価NT$132.0052週高値NT$143.5052週安値NT$61.50ベータ1.031ヶ月の変化61.17%3ヶ月変化89.11%1年変化100.61%3年間の変化91.30%5年間の変化254.36%IPOからの変化101.17%最新ニュースDeclared Dividend • May 22Dividend increased to NT$4.50Dividend of NT$4.50 is 41% higher than last year. Ex-date: 5th June 2026 Payment date: 2nd July 2026 Dividend yield will be 3.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 42% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$139, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 41x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years.New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results.Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.26 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$130.7m (up 4.9% from 1Q 2025). Net income: NT$58.4m (up 36% from 1Q 2025). Profit margin: 45% (up from 35% in 1Q 2025).Valuation Update With 7 Day Price Move • Apr 27Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$90.00, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 44% over the past three years.New Risk • Apr 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.44b market cap, or US$77.0m).最新情報をもっと見るRecent updatesDeclared Dividend • May 22Dividend increased to NT$4.50Dividend of NT$4.50 is 41% higher than last year. Ex-date: 5th June 2026 Payment date: 2nd July 2026 Dividend yield will be 3.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 42% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$139, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 41x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years.New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results.Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.26 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$130.7m (up 4.9% from 1Q 2025). Net income: NT$58.4m (up 36% from 1Q 2025). Profit margin: 45% (up from 35% in 1Q 2025).Valuation Update With 7 Day Price Move • Apr 27Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$90.00, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 44% over the past three years.New Risk • Apr 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.44b market cap, or US$77.0m).Reported Earnings • Feb 15Full year 2025 earnings released: EPS: NT$5.98 (vs NT$4.25 in FY 2024)Full year 2025 results: EPS: NT$5.98 (up from NT$4.25 in FY 2024). Revenue: NT$540.6m (up 4.9% from FY 2024). Net income: NT$204.3m (up 41% from FY 2024). Profit margin: 38% (up from 28% in FY 2024). The increase in margin was primarily driven by lower expenses. 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 8% per year.お知らせ • Feb 13Feature Integration Technology Inc., Annual General Meeting, May 20, 2026Feature Integration Technology Inc., Annual General Meeting, May 20, 2026. Location: 7 floor no,10, t`ai yuan 2nd st., jhubei city, hsinchu county TaiwanReported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$1.14 (vs NT$0.94 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.14 (up from NT$0.94 in 3Q 2024). Revenue: NT$144.2m (up 8.0% from 3Q 2024). Net income: NT$38.9m (up 22% from 3Q 2024). Profit margin: 27% (up from 24% in 3Q 2024). 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 12% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: NT$1.34 (vs NT$1.32 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.34 (up from NT$1.32 in 2Q 2024). Revenue: NT$138.0m (up 1.2% from 2Q 2024). Net income: NT$45.9m (up 1.7% from 2Q 2024). Profit margin: 33% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year.Upcoming Dividend • Jun 05Upcoming dividend of NT$3.20 per shareEligible shareholders must have bought the stock before 12 June 2025. Payment date: 03 July 2025. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.4%).Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.26 (vs NT$0.96 in 1Q 2024)First quarter 2025 results: EPS: NT$1.26 (up from NT$0.96 in 1Q 2024). Revenue: NT$124.6m (up 6.5% from 1Q 2024). Net income: NT$43.0m (up 31% from 1Q 2024). Profit margin: 35% (up from 28% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year.Buy Or Sell Opportunity • Apr 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.5% to NT$61.10. The fair value is estimated to be NT$77.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Earnings per share has declined by 7.6%.New Risk • Apr 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.5% 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 (8.5% average weekly change). Market cap is less than US$100m (NT$2.03b market cap, or US$62.4m).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$54.60, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 23% over the past three years.Buy Or Sell Opportunity • Mar 31Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.5% to NT$64.50. The fair value is estimated to be NT$82.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Earnings per share has declined by 7.6%.お知らせ • Feb 19Feature Integration Technology Inc., Annual General Meeting, May 22, 2025Feature Integration Technology Inc., Annual General Meeting, May 22, 2025, at 09:30 Taipei Standard Time. Location: 7 floor no,10, t`ai yuan 2nd st., jhubei city, hsinchu county TaiwanReported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.32 (vs NT$0.86 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.32 (up from NT$0.86 in 2Q 2023). Revenue: NT$136.4m (up 33% from 2Q 2023). Net income: NT$45.1m (up 53% from 2Q 2023). Profit margin: 33% (up from 29% in 2Q 2023). 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 17% per year, which means it is well ahead of earnings.Upcoming Dividend • Jun 19Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 19 July 2024. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.1%).Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.96 (vs NT$0.72 in 1Q 2023)First quarter 2024 results: EPS: NT$0.96 (up from NT$0.72 in 1Q 2023). Revenue: NT$117.0m (up 16% from 1Q 2023). Net income: NT$32.8m (up 33% from 1Q 2023). Profit margin: 28% (up from 24% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 29Full year 2023 earnings released: EPS: NT$3.31 (vs NT$4.77 in FY 2022)Full year 2023 results: EPS: NT$3.31 (down from NT$4.77 in FY 2022). Revenue: NT$408.6m (down 23% from FY 2022). Net income: NT$113.1m (down 23% from FY 2022). Profit margin: 28% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 24Feature Integration Technology Inc., Annual General Meeting, May 24, 2024Feature Integration Technology Inc., Annual General Meeting, May 24, 2024.New Risk • Jan 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 197% Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (NT$2.45b market cap, or US$78.4m).New Risk • Dec 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 197% Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (NT$2.57b market cap, or US$81.7m).Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: NT$0.86 (vs NT$1.50 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.86 (down from NT$1.50 in 2Q 2022). Revenue: NT$102.8m (down 33% from 2Q 2022). Net income: NT$29.5m (down 34% from 2Q 2022). Profit margin: 29% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 126% Dividend yield: 5.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 126% Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (NT$2.34b market cap, or US$74.8m).Upcoming Dividend • Jun 28Upcoming dividend of NT$3.50 per share at 2.8% yieldEligible shareholders must have bought the stock before 05 July 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 46% and the cash payout ratio is 82%. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%).New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (NT$2.95b market cap, or US$96.1m).Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$86.50, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 295% over the past three years.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$75.40, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 368% over the past three years.Reported Earnings • Mar 01Full year 2022 earnings released: EPS: NT$4.77 (vs NT$3.95 in FY 2021)Full year 2022 results: EPS: NT$4.77 (up from NT$3.95 in FY 2021). Revenue: NT$527.9m (down 5.4% from FY 2021). Net income: NT$145.9m (up 25% from FY 2021). Profit margin: 28% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 44% per year.Buying Opportunity • Feb 24Now 21% undervaluedOver the last 90 days, the stock is up 3.4%. The fair value is estimated to be NT$73.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$49.00, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 295% over the past three years.Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: NT$154.4m (up 4.3% from 2Q 2021). Net income: NT$44.7m (up 32% from 2Q 2021). Profit margin: 29% (up from 23% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$58.90, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 385% over the past three years.Upcoming Dividend • Jun 22Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (6.2%). Higher than average of industry peers (3.3%).Reported Earnings • Jun 02First quarter 2022 earnings released: EPS: NT$1.67 (vs NT$0.81 in 1Q 2021)First quarter 2022 results: EPS: NT$1.67 (up from NT$0.81 in 1Q 2021). Revenue: NT$161.7m (up 35% from 1Q 2021). Net income: NT$49.7m (up 107% from 1Q 2021). Profit margin: 31% (up from 20% 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 41% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 27Full year 2021 earnings released: EPS: NT$3.95 (vs NT$1.90 in FY 2020)Full year 2021 results: EPS: NT$3.95 (up from NT$1.90 in FY 2020). Revenue: NT$558.4m (up 47% from FY 2020). Net income: NT$117.1m (up 110% from FY 2020). Profit margin: 21% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 19Feature Integration Technology Inc., Annual General Meeting, May 24, 2022Feature Integration Technology Inc., Annual General Meeting, May 24, 2022.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$82.30, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 653% over the past three years.Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$53.70, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 412% over the past three years.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$52.20, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 365% over the past three years.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$51.10, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 358% over the past three years.Upcoming Dividend • Jul 16Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 23 July 2021. Payment date: 13 August 2021. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.1%).Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$34.20, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 219% over the past three years.分析記事 • Apr 27Would Feature Integration Technology Inc. (GTSM:4951) Be Valuable To Income Investors?Could Feature Integration Technology Inc. ( GTSM:4951 ) be an attractive dividend share to own for the long haul...Reported Earnings • Apr 25Full year 2020 earnings released: EPS NT$1.90 (vs NT$1.51 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$379.3m (up 18% from FY 2019). Net income: NT$55.7m (up 19% from FY 2019). Profit margin: 15% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$42.20, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 291% over the past three years.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$41.05, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 353% over the past three years.分析記事 • Mar 08Calculating The Intrinsic Value Of Feature Integration Technology Inc. (GTSM:4951)Today we will run through one way of estimating the intrinsic value of Feature Integration Technology Inc. ( GTSM:4951...お知らせ • Feb 27Feature Integration Technology Inc., Annual General Meeting, May 28, 2021Feature Integration Technology Inc., Annual General Meeting, May 28, 2021.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 29% share price gain to NT$33.00, the stock is trading at a trailing P/E ratio of 16.3x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 28x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 211%.Is New 90 Day High Low • Feb 18New 90-day high: NT$29.10The company is up 26% from its price of NT$23.05 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 35% over the same period.分析記事 • Feb 01Does Feature Integration Technology (GTSM:4951) Have The Makings Of A Multi-Bagger?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...Is New 90 Day High Low • Jan 14New 90-day high: NT$26.25The company is up 19% from its price of NT$22.10 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 34% over the same period.Is New 90 Day High Low • Dec 30New 90-day high: NT$25.15The company is up 10.0% from its price of NT$22.80 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 22% over the same period.分析記事 • Dec 21How Does Feature Integration Technology Inc. (GTSM:4951) Fare As A Dividend Stock?Is Feature Integration Technology Inc. ( GTSM:4951 ) a good dividend stock? How can we tell? Dividend paying companies...Is New 90 Day High Low • Dec 08New 90-day high: NT$25.00The company is up 7.0% from its price of NT$23.45 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 22% over the same period.分析記事 • Nov 24Will Weakness in Feature Integration Technology Inc.'s (GTSM:4951) Stock Prove Temporary Given Strong Fundamentals?Feature Integration Technology (GTSM:4951) has had a rough month with its share price down 5.5%. However, a closer...Is New 90 Day High Low • Sep 22New 90-day low: NT$22.90The company is down 14% from its price of NT$26.50 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 28% over the same period.株主還元4951TW SemiconductorTW 市場7D8.6%1.6%2.6%1Y100.6%143.1%94.7%株主還元を見る業界別リターン: 4951過去 1 年間で143.1 % の収益を上げたTW Semiconductor業界を下回りました。リターン対市場: 4951過去 1 年間で94.7 % の収益を上げたTW市場を上回りました。価格変動Is 4951's price volatile compared to industry and market?4951 volatility4951 Average Weekly Movement9.8%Semiconductor Industry Average Movement9.8%Market Average Movement6.2%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%安定した株価: 4951の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 4951の weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1991n/aDexun Huangwww.fintek.com.twFeature Integration Technology Inc.は台湾で集積回路（IC）チップの研究、開発、マーケティング、販売を行っている。スーパーI/O製品やブリッジ製品、温度センサーやファンコントロールなどのハードウェアモニター、トランシーバー、電源管理製品などを提供。同社の製品は産業用コンピュータ、パーソナルコンピュータ、コンピュータ周辺機器、情報家電製品に使用されている。Feature Integration Technology Inc.は1991年に設立され、本社は台湾の竹北にある。もっと見るFeature Integration Technology Inc. 基礎のまとめFeature Integration Technology の収益と売上を時価総額と比較するとどうか。4951 基礎統計学時価総額NT$4.51b収益（TTM）NT$219.72m売上高(TTM)NT$546.75m20.5xPER（株価収益率8.2xP/Sレシオ4951 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計4951 損益計算書（TTM）収益NT$546.75m売上原価NT$132.17m売上総利益NT$414.58mその他の費用NT$194.86m収益NT$219.72m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）6.43グロス・マージン75.83%純利益率40.19%有利子負債／自己資本比率0%4951 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.4%現在の配当利回り78%配当性向4951 配当は確実ですか？4951 配当履歴とベンチマークを見る4951 、いつまでに購入すれば配当金を受け取れますか？Feature Integration Technology 配当日配当落ち日Jun 05 2026配当支払日Jul 02 2026配当落ちまでの日数10 days配当支払日までの日数37 days4951 配当は確実ですか？4951 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 01:40終値2026/05/25 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Feature Integration Technology Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関null nullCapital Securities Corporation
Declared Dividend • May 22Dividend increased to NT$4.50Dividend of NT$4.50 is 41% higher than last year. Ex-date: 5th June 2026 Payment date: 2nd July 2026 Dividend yield will be 3.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 42% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$139, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 41x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years.
New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results.
Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.26 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$130.7m (up 4.9% from 1Q 2025). Net income: NT$58.4m (up 36% from 1Q 2025). Profit margin: 45% (up from 35% in 1Q 2025).
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$90.00, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 44% over the past three years.
New Risk • Apr 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.44b market cap, or US$77.0m).
Declared Dividend • May 22Dividend increased to NT$4.50Dividend of NT$4.50 is 41% higher than last year. Ex-date: 5th June 2026 Payment date: 2nd July 2026 Dividend yield will be 3.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 42% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$139, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 41x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years.
New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results.
Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.26 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$130.7m (up 4.9% from 1Q 2025). Net income: NT$58.4m (up 36% from 1Q 2025). Profit margin: 45% (up from 35% in 1Q 2025).
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$90.00, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 44% over the past three years.
New Risk • Apr 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.44b market cap, or US$77.0m).
Reported Earnings • Feb 15Full year 2025 earnings released: EPS: NT$5.98 (vs NT$4.25 in FY 2024)Full year 2025 results: EPS: NT$5.98 (up from NT$4.25 in FY 2024). Revenue: NT$540.6m (up 4.9% from FY 2024). Net income: NT$204.3m (up 41% from FY 2024). Profit margin: 38% (up from 28% in FY 2024). The increase in margin was primarily driven by lower expenses. 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 8% per year.
お知らせ • Feb 13Feature Integration Technology Inc., Annual General Meeting, May 20, 2026Feature Integration Technology Inc., Annual General Meeting, May 20, 2026. Location: 7 floor no,10, t`ai yuan 2nd st., jhubei city, hsinchu county Taiwan
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$1.14 (vs NT$0.94 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.14 (up from NT$0.94 in 3Q 2024). Revenue: NT$144.2m (up 8.0% from 3Q 2024). Net income: NT$38.9m (up 22% from 3Q 2024). Profit margin: 27% (up from 24% in 3Q 2024). 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 12% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: NT$1.34 (vs NT$1.32 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.34 (up from NT$1.32 in 2Q 2024). Revenue: NT$138.0m (up 1.2% from 2Q 2024). Net income: NT$45.9m (up 1.7% from 2Q 2024). Profit margin: 33% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year.
Upcoming Dividend • Jun 05Upcoming dividend of NT$3.20 per shareEligible shareholders must have bought the stock before 12 June 2025. Payment date: 03 July 2025. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.4%).
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.26 (vs NT$0.96 in 1Q 2024)First quarter 2025 results: EPS: NT$1.26 (up from NT$0.96 in 1Q 2024). Revenue: NT$124.6m (up 6.5% from 1Q 2024). Net income: NT$43.0m (up 31% from 1Q 2024). Profit margin: 35% (up from 28% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year.
Buy Or Sell Opportunity • Apr 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.5% to NT$61.10. The fair value is estimated to be NT$77.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Earnings per share has declined by 7.6%.
New Risk • Apr 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.5% 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 (8.5% average weekly change). Market cap is less than US$100m (NT$2.03b market cap, or US$62.4m).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$54.60, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 23% over the past three years.
Buy Or Sell Opportunity • Mar 31Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.5% to NT$64.50. The fair value is estimated to be NT$82.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Earnings per share has declined by 7.6%.
お知らせ • Feb 19Feature Integration Technology Inc., Annual General Meeting, May 22, 2025Feature Integration Technology Inc., Annual General Meeting, May 22, 2025, at 09:30 Taipei Standard Time. Location: 7 floor no,10, t`ai yuan 2nd st., jhubei city, hsinchu county Taiwan
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.32 (vs NT$0.86 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.32 (up from NT$0.86 in 2Q 2023). Revenue: NT$136.4m (up 33% from 2Q 2023). Net income: NT$45.1m (up 53% from 2Q 2023). Profit margin: 33% (up from 29% in 2Q 2023). 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 17% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jun 19Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 19 July 2024. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.1%).
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.96 (vs NT$0.72 in 1Q 2023)First quarter 2024 results: EPS: NT$0.96 (up from NT$0.72 in 1Q 2023). Revenue: NT$117.0m (up 16% from 1Q 2023). Net income: NT$32.8m (up 33% from 1Q 2023). Profit margin: 28% (up from 24% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: NT$3.31 (vs NT$4.77 in FY 2022)Full year 2023 results: EPS: NT$3.31 (down from NT$4.77 in FY 2022). Revenue: NT$408.6m (down 23% from FY 2022). Net income: NT$113.1m (down 23% from FY 2022). Profit margin: 28% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 24Feature Integration Technology Inc., Annual General Meeting, May 24, 2024Feature Integration Technology Inc., Annual General Meeting, May 24, 2024.
New Risk • Jan 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 197% Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (NT$2.45b market cap, or US$78.4m).
New Risk • Dec 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 197% Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (NT$2.57b market cap, or US$81.7m).
Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: NT$0.86 (vs NT$1.50 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.86 (down from NT$1.50 in 2Q 2022). Revenue: NT$102.8m (down 33% from 2Q 2022). Net income: NT$29.5m (down 34% from 2Q 2022). Profit margin: 29% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 126% Dividend yield: 5.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 126% Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (NT$2.34b market cap, or US$74.8m).
Upcoming Dividend • Jun 28Upcoming dividend of NT$3.50 per share at 2.8% yieldEligible shareholders must have bought the stock before 05 July 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 46% and the cash payout ratio is 82%. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%).
New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (NT$2.95b market cap, or US$96.1m).
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$86.50, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 295% over the past three years.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$75.40, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 368% over the past three years.
Reported Earnings • Mar 01Full year 2022 earnings released: EPS: NT$4.77 (vs NT$3.95 in FY 2021)Full year 2022 results: EPS: NT$4.77 (up from NT$3.95 in FY 2021). Revenue: NT$527.9m (down 5.4% from FY 2021). Net income: NT$145.9m (up 25% from FY 2021). Profit margin: 28% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 44% per year.
Buying Opportunity • Feb 24Now 21% undervaluedOver the last 90 days, the stock is up 3.4%. The fair value is estimated to be NT$73.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$49.00, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 295% over the past three years.
Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: NT$154.4m (up 4.3% from 2Q 2021). Net income: NT$44.7m (up 32% from 2Q 2021). Profit margin: 29% (up from 23% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$58.90, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 385% over the past three years.
Upcoming Dividend • Jun 22Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (6.2%). Higher than average of industry peers (3.3%).
Reported Earnings • Jun 02First quarter 2022 earnings released: EPS: NT$1.67 (vs NT$0.81 in 1Q 2021)First quarter 2022 results: EPS: NT$1.67 (up from NT$0.81 in 1Q 2021). Revenue: NT$161.7m (up 35% from 1Q 2021). Net income: NT$49.7m (up 107% from 1Q 2021). Profit margin: 31% (up from 20% 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 41% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 27Full year 2021 earnings released: EPS: NT$3.95 (vs NT$1.90 in FY 2020)Full year 2021 results: EPS: NT$3.95 (up from NT$1.90 in FY 2020). Revenue: NT$558.4m (up 47% from FY 2020). Net income: NT$117.1m (up 110% from FY 2020). Profit margin: 21% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 19Feature Integration Technology Inc., Annual General Meeting, May 24, 2022Feature Integration Technology Inc., Annual General Meeting, May 24, 2022.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$82.30, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 653% over the past three years.
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$53.70, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 412% over the past three years.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$52.20, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 365% over the past three years.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$51.10, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 358% over the past three years.
Upcoming Dividend • Jul 16Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 23 July 2021. Payment date: 13 August 2021. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.1%).
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$34.20, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 219% over the past three years.
分析記事 • Apr 27Would Feature Integration Technology Inc. (GTSM:4951) Be Valuable To Income Investors?Could Feature Integration Technology Inc. ( GTSM:4951 ) be an attractive dividend share to own for the long haul...
Reported Earnings • Apr 25Full year 2020 earnings released: EPS NT$1.90 (vs NT$1.51 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$379.3m (up 18% from FY 2019). Net income: NT$55.7m (up 19% from FY 2019). Profit margin: 15% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$42.20, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 291% over the past three years.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$41.05, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 353% over the past three years.
分析記事 • Mar 08Calculating The Intrinsic Value Of Feature Integration Technology Inc. (GTSM:4951)Today we will run through one way of estimating the intrinsic value of Feature Integration Technology Inc. ( GTSM:4951...
お知らせ • Feb 27Feature Integration Technology Inc., Annual General Meeting, May 28, 2021Feature Integration Technology Inc., Annual General Meeting, May 28, 2021.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 29% share price gain to NT$33.00, the stock is trading at a trailing P/E ratio of 16.3x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 28x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 211%.
Is New 90 Day High Low • Feb 18New 90-day high: NT$29.10The company is up 26% from its price of NT$23.05 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 35% over the same period.
分析記事 • Feb 01Does Feature Integration Technology (GTSM:4951) Have The Makings Of A Multi-Bagger?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Is New 90 Day High Low • Jan 14New 90-day high: NT$26.25The company is up 19% from its price of NT$22.10 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 34% over the same period.
Is New 90 Day High Low • Dec 30New 90-day high: NT$25.15The company is up 10.0% from its price of NT$22.80 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 22% over the same period.
分析記事 • Dec 21How Does Feature Integration Technology Inc. (GTSM:4951) Fare As A Dividend Stock?Is Feature Integration Technology Inc. ( GTSM:4951 ) a good dividend stock? How can we tell? Dividend paying companies...
Is New 90 Day High Low • Dec 08New 90-day high: NT$25.00The company is up 7.0% from its price of NT$23.45 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 22% over the same period.
分析記事 • Nov 24Will Weakness in Feature Integration Technology Inc.'s (GTSM:4951) Stock Prove Temporary Given Strong Fundamentals?Feature Integration Technology (GTSM:4951) has had a rough month with its share price down 5.5%. However, a closer...
Is New 90 Day High Low • Sep 22New 90-day low: NT$22.90The company is down 14% from its price of NT$26.50 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 28% over the same period.
