Major-Power Technology（6720）株式概要Major-Power Technology Co, Ltd.は、アナログIC設計会社として、台湾、中国、アジア、ヨーロッパで事業を展開しています。 詳細6720 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績1/6財務の健全性6/6配当金2/6リスク分析高いレベルの非現金収入 利益率(21.1%)は昨年より低い(31%) 2.1%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6720 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$156.000.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0636m2016201920222025202620282031Revenue NT$636.4mEarnings NT$134.5mAdvancedSet Fair ValueView all narrativesMajor-Power Technology Co., Ltd. 競合他社Ever Ohms TechnologyLtdSymbol: TWSE:6834Market cap: NT$6.2bGolden Long Teng DevelopmentSymbol: TPEX:3188Market cap: NT$4.5bChampion MicroelectronicSymbol: TWSE:3257Market cap: NT$4.2bFeature Integration TechnologySymbol: TPEX:4951Market cap: NT$4.8b価格と性能株価の高値、安値、推移の概要Major-Power Technology過去の株価現在の株価NT$156.0052週高値NT$182.0052週安値NT$105.18ベータ0.601ヶ月の変化-3.70%3ヶ月変化n/a1年変化11.01%3年間の変化557.17%5年間の変化454.91%IPOからの変化734.59%最新ニュースReported Earnings • May 13First quarter 2026 earnings released: EPS: NT$0.51 (vs NT$1.65 in 1Q 2025)First quarter 2026 results: EPS: NT$0.51 (down from NT$1.65 in 1Q 2025). Revenue: NT$88.3m (down 34% from 1Q 2025). Net income: NT$15.4m (down 69% from 1Q 2025). Profit margin: 17% (down from 37% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Mar 12Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 22 April 2026. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.3%).Reported Earnings • Mar 06Full year 2025 earnings released: EPS: NT$3.89 (vs NT$5.69 in FY 2024)Full year 2025 results: EPS: NT$3.89 (down from NT$5.69 in FY 2024). Revenue: NT$435.9m (down 14% from FY 2024). Net income: NT$116.5m (down 22% from FY 2024). Profit margin: 27% (down from 29% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 05+ 1 more updateMajor-Power Technology Co., Ltd., Annual General Meeting, May 21, 2026Major-Power Technology Co., Ltd., Annual General Meeting, May 21, 2026. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city TaiwanNew Risk • Feb 11New 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change).Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$137, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 770% over the past three years.最新情報をもっと見るRecent updatesReported Earnings • May 13First quarter 2026 earnings released: EPS: NT$0.51 (vs NT$1.65 in 1Q 2025)First quarter 2026 results: EPS: NT$0.51 (down from NT$1.65 in 1Q 2025). Revenue: NT$88.3m (down 34% from 1Q 2025). Net income: NT$15.4m (down 69% from 1Q 2025). Profit margin: 17% (down from 37% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Mar 12Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 22 April 2026. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.3%).Reported Earnings • Mar 06Full year 2025 earnings released: EPS: NT$3.89 (vs NT$5.69 in FY 2024)Full year 2025 results: EPS: NT$3.89 (down from NT$5.69 in FY 2024). Revenue: NT$435.9m (down 14% from FY 2024). Net income: NT$116.5m (down 22% from FY 2024). Profit margin: 27% (down from 29% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 05+ 1 more updateMajor-Power Technology Co., Ltd., Annual General Meeting, May 21, 2026Major-Power Technology Co., Ltd., Annual General Meeting, May 21, 2026. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city TaiwanNew Risk • Feb 11New 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change).Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$137, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 770% over the past three years.New Risk • Nov 29New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 10x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 10x increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share).Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$1.13 (vs NT$1.22 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.13. Revenue: NT$86.8m (down 29% from 3Q 2024). Net income: NT$34.0m (up 6.9% from 3Q 2024). Profit margin: 39% (up from 26% in 3Q 2024). The increase in margin was driven by lower expenses.Buy Or Sell Opportunity • Sep 25Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 2.0% to NT$135. The fair value is estimated to be NT$111, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 75%.Upcoming Dividend • Aug 28Upcoming dividend of NT$3.80 per shareEligible shareholders must have bought the stock before 04 September 2025. Payment date: 09 October 2025. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.1%).Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.91 (vs NT$1.58 in 1Q 2024)First quarter 2025 results: EPS: NT$1.91 (up from NT$1.58 in 1Q 2024). Revenue: NT$133.0m (up 16% from 1Q 2024). Net income: NT$49.2m (up 39% from 1Q 2024). Profit margin: 37% (up from 31% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year whereas the company’s share price has increased by 73% per year.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$162, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 433% over the past three years.New Risk • Apr 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.16b (US$96.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (NT$3.16b market cap, or US$96.1m).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$131, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 286% over the past three years.New Risk • Mar 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$6.60 (vs NT$1.96 in FY 2023)Full year 2024 results: EPS: NT$6.60 (up from NT$1.96 in FY 2023). Revenue: NT$509.7m (up 41% from FY 2023). Net income: NT$149.9m (up 246% from FY 2023). Profit margin: 29% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year whereas the company’s share price has increased by 66% per year.お知らせ • Mar 07Major-Power Technology Co., Ltd., Annual General Meeting, Jun 26, 2025Major-Power Technology Co., Ltd., Annual General Meeting, Jun 26, 2025. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu city TaiwanNew Risk • Jan 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).New Risk • Dec 25New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.27b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.42 (vs NT$0.58 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.42 (up from NT$0.58 in 3Q 2023). Revenue: NT$122.4m (up 24% from 3Q 2023). Net income: NT$31.8m (up 158% from 3Q 2023). Profit margin: 26% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Market cap is less than US$100m (NT$3.26b market cap, or US$99.9m).Valuation Update With 7 Day Price Move • Jul 31Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to NT$180, the stock trades at a trailing P/E ratio of 53.3x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 451% over the past three years.Reported Earnings • Jul 23First quarter 2024 earnings released: EPS: NT$1.58 (vs NT$0.14 in 1Q 2023)First quarter 2024 results: EPS: NT$1.58 (up from NT$0.14 in 1Q 2023). Revenue: NT$115.0m (up 75% from 1Q 2023). Net income: NT$35.4m (up NT$32.4m from 1Q 2023). Profit margin: 31% (up from 4.5% 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 7% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$140, the stock trades at a trailing P/E ratio of 72.4x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 353% over the past three years.Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$1.96 (vs NT$0.55 in FY 2022)Full year 2023 results: EPS: NT$1.96 (up from NT$0.55 in FY 2022). Revenue: NT$360.9m (up 49% from FY 2022). Net income: NT$43.3m (up 261% from FY 2022). Profit margin: 12% (up from 5.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings.Upcoming Dividend • Mar 15Upcoming dividend of NT$1.68 per shareEligible shareholders must have bought the stock before 22 March 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 13% but the company is not cash flow positive. The company last paid an ordinary dividend in April 2020. The average dividend yield among industry peers is 2.4%.お知らせ • Mar 09Major-Power Technology Co., Ltd., Annual General Meeting, May 24, 2024Major-Power Technology Co., Ltd., Annual General Meeting, May 24, 2024.New Risk • Feb 27New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (NT$2.10b market cap, or US$66.5m).Upcoming Dividend • Aug 23Upcoming dividend of NT$0.06 per share at 0.1% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 28 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (3.4%).New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (20% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (NT$907.3m market cap, or US$28.4m).Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$44.80, the stock trades at a trailing P/E ratio of 78.7x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 68% over the past three years.Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improves as stock rises 29%After last week's 29% share price gain to NT$38.50, the stock trades at a trailing P/E ratio of 67.6x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 45% over the past three years.Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$29.40, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 29% over the past three years.Reported Earnings • Apr 13Full year 2022 earnings released: EPS: NT$0.57 (vs NT$2.27 in FY 2021)Full year 2022 results: EPS: NT$0.57 (down from NT$2.27 in FY 2021). Revenue: NT$242.0m (down 33% from FY 2021). Net income: NT$12.0m (down 75% from FY 2021). Profit margin: 5.0% (down from 13% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$29.40, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 27% over the past three years.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$23.00, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 4.6% over the past three years.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$20.10, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total loss to shareholders of 11% over the past three years.Upcoming Dividend • Aug 23Upcoming dividend of NT$1.54 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 30 September 2022. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (3.5%).Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$25.00, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 4.4% over the past three years.Reported Earnings • Apr 12Full year 2021 earnings released: EPS: NT$2.40 (vs NT$0.61 in FY 2020)Full year 2021 results: EPS: NT$2.40 (up from NT$0.61 in FY 2020). Revenue: NT$362.4m (up 26% from FY 2020). Net income: NT$47.8m (up 337% from FY 2020). Profit margin: 13% (up from 3.8% in FY 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$48.50, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 73% over the past year.Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$47.20, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 86% over the past year.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$43.20, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 63% over the past year.Upcoming Dividend • Aug 23Upcoming dividend of NT$0.60 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 30 September 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.3%).Reported Earnings • Aug 18First half 2021 earnings released: EPS NT$1.44 (vs NT$0.36 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$201.7m (up 62% from 1H 2020). Net income: NT$27.6m (up 366% from 1H 2020). Profit margin: 14% (up from 4.7% in 1H 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$39.20, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 6.0% over the past year.Valuation Update With 7 Day Price Move • May 18Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$32.45, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 24% over the past year.Reported Earnings • Apr 15Full year 2020 earnings released: EPS NT$0.63 (vs NT$0.47 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: NT$287.8m (up 70% from FY 2019). Net income: NT$10.9m (up 39% from FY 2019). Profit margin: 3.8% (down from 4.7% in FY 2019). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$46.60, the stock trades at a trailing P/E ratio of 71.9x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 110% over the past year.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$33.65, the stock is trading at a trailing P/E ratio of 51.9x, up from the previous P/E ratio of 44.5x. This compares to an average P/E of 28x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past year are 24%.Is New 90 Day High Low • Feb 20New 90-day high: NT$33.65The company is up 14% from its price of NT$29.60 on 19 November 2020. The Taiwanese market is up 18% 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.分析記事 • Dec 10Read This Before Buying Major-Power Technology Co., Ltd. (GTSM:6720) For Its DividendDividend paying stocks like Major-Power Technology Co., Ltd. ( GTSM:6720 ) tend to be popular with investors, and for...株主還元6720TW SemiconductorTW 市場7D-1.6%1.6%2.6%1Y11.0%143.1%94.7%株主還元を見る業界別リターン: 6720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: 6720は、過去 1 年間で94.7 % のリターンを上げたTW市場を下回りました。価格変動Is 6720's price volatile compared to industry and market?6720 volatility6720 Average Weekly Movement5.8%Semiconductor Industry Average Movement9.7%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 6720 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 6720の 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2011n/aJinxiang Yewww.major-power.com.twMajor-Power Technology Co., Ltd.は、台湾、中国、その他のアジア、ヨーロッパでアナログIC設計会社として事業を展開しています。ホールスイッチ/ラッチ/リニアセンサー、DC-DC電源管理IC、BLDCファンドライバ、LEDドライバ、ホールIC、モータードライバ製品を提供し、自動車、e-moto、民生、PC周辺機器、オーディオメディア、健康、産業、電気、携帯電話車載QCおよびPD急速充電、POEセキュリティカメラ、ファンドライバアプリケーションに使用されている。同社は2011年に設立され、台湾の新竹市に拠点を置いている。もっと見るMajor-Power Technology Co., Ltd. 基礎のまとめMajor-Power Technology の収益と売上を時価総額と比較するとどうか。6720 基礎統計学時価総額NT$4.72b収益（TTM）NT$82.66m売上高(TTM)NT$391.16m57.1xPER（株価収益率12.1xP/Sレシオ6720 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6720 損益計算書（TTM）収益NT$391.16m売上原価NT$194.21m売上総利益NT$196.95mその他の費用NT$114.29m収益NT$82.66m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）2.73グロス・マージン50.35%純利益率21.13%有利子負債／自己資本比率1.1%6720 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2.1%現在の配当利回り72%配当性向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2026/05/22 07:08終値2026/05/22 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Major-Power Technology Co., Ltd. 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。0
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$0.51 (vs NT$1.65 in 1Q 2025)First quarter 2026 results: EPS: NT$0.51 (down from NT$1.65 in 1Q 2025). Revenue: NT$88.3m (down 34% from 1Q 2025). Net income: NT$15.4m (down 69% from 1Q 2025). Profit margin: 17% (down from 37% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Mar 12Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 22 April 2026. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.3%).
Reported Earnings • Mar 06Full year 2025 earnings released: EPS: NT$3.89 (vs NT$5.69 in FY 2024)Full year 2025 results: EPS: NT$3.89 (down from NT$5.69 in FY 2024). Revenue: NT$435.9m (down 14% from FY 2024). Net income: NT$116.5m (down 22% from FY 2024). Profit margin: 27% (down from 29% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 05+ 1 more updateMajor-Power Technology Co., Ltd., Annual General Meeting, May 21, 2026Major-Power Technology Co., Ltd., Annual General Meeting, May 21, 2026. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan
New Risk • Feb 11New 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change).
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$137, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 770% over the past three years.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$0.51 (vs NT$1.65 in 1Q 2025)First quarter 2026 results: EPS: NT$0.51 (down from NT$1.65 in 1Q 2025). Revenue: NT$88.3m (down 34% from 1Q 2025). Net income: NT$15.4m (down 69% from 1Q 2025). Profit margin: 17% (down from 37% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Mar 12Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 22 April 2026. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.3%).
Reported Earnings • Mar 06Full year 2025 earnings released: EPS: NT$3.89 (vs NT$5.69 in FY 2024)Full year 2025 results: EPS: NT$3.89 (down from NT$5.69 in FY 2024). Revenue: NT$435.9m (down 14% from FY 2024). Net income: NT$116.5m (down 22% from FY 2024). Profit margin: 27% (down from 29% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 05+ 1 more updateMajor-Power Technology Co., Ltd., Annual General Meeting, May 21, 2026Major-Power Technology Co., Ltd., Annual General Meeting, May 21, 2026. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan
New Risk • Feb 11New 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change).
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$137, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 770% over the past three years.
New Risk • Nov 29New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 10x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 10x increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share).
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$1.13 (vs NT$1.22 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.13. Revenue: NT$86.8m (down 29% from 3Q 2024). Net income: NT$34.0m (up 6.9% from 3Q 2024). Profit margin: 39% (up from 26% in 3Q 2024). The increase in margin was driven by lower expenses.
Buy Or Sell Opportunity • Sep 25Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 2.0% to NT$135. The fair value is estimated to be NT$111, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 75%.
Upcoming Dividend • Aug 28Upcoming dividend of NT$3.80 per shareEligible shareholders must have bought the stock before 04 September 2025. Payment date: 09 October 2025. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.1%).
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.91 (vs NT$1.58 in 1Q 2024)First quarter 2025 results: EPS: NT$1.91 (up from NT$1.58 in 1Q 2024). Revenue: NT$133.0m (up 16% from 1Q 2024). Net income: NT$49.2m (up 39% from 1Q 2024). Profit margin: 37% (up from 31% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year whereas the company’s share price has increased by 73% per year.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$162, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 433% over the past three years.
New Risk • Apr 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.16b (US$96.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (NT$3.16b market cap, or US$96.1m).
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$131, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 286% over the past three years.
New Risk • Mar 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$6.60 (vs NT$1.96 in FY 2023)Full year 2024 results: EPS: NT$6.60 (up from NT$1.96 in FY 2023). Revenue: NT$509.7m (up 41% from FY 2023). Net income: NT$149.9m (up 246% from FY 2023). Profit margin: 29% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year whereas the company’s share price has increased by 66% per year.
お知らせ • Mar 07Major-Power Technology Co., Ltd., Annual General Meeting, Jun 26, 2025Major-Power Technology Co., Ltd., Annual General Meeting, Jun 26, 2025. Location: 2 floor no,1, kung yeh tung 2nd rd., hsinchu city Taiwan
New Risk • Jan 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).
New Risk • Dec 25New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.27b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.42 (vs NT$0.58 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.42 (up from NT$0.58 in 3Q 2023). Revenue: NT$122.4m (up 24% from 3Q 2023). Net income: NT$31.8m (up 158% from 3Q 2023). Profit margin: 26% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Market cap is less than US$100m (NT$3.26b market cap, or US$99.9m).
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to NT$180, the stock trades at a trailing P/E ratio of 53.3x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 451% over the past three years.
Reported Earnings • Jul 23First quarter 2024 earnings released: EPS: NT$1.58 (vs NT$0.14 in 1Q 2023)First quarter 2024 results: EPS: NT$1.58 (up from NT$0.14 in 1Q 2023). Revenue: NT$115.0m (up 75% from 1Q 2023). Net income: NT$35.4m (up NT$32.4m from 1Q 2023). Profit margin: 31% (up from 4.5% 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 7% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$140, the stock trades at a trailing P/E ratio of 72.4x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 353% over the past three years.
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$1.96 (vs NT$0.55 in FY 2022)Full year 2023 results: EPS: NT$1.96 (up from NT$0.55 in FY 2022). Revenue: NT$360.9m (up 49% from FY 2022). Net income: NT$43.3m (up 261% from FY 2022). Profit margin: 12% (up from 5.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings.
Upcoming Dividend • Mar 15Upcoming dividend of NT$1.68 per shareEligible shareholders must have bought the stock before 22 March 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 13% but the company is not cash flow positive. The company last paid an ordinary dividend in April 2020. The average dividend yield among industry peers is 2.4%.
お知らせ • Mar 09Major-Power Technology Co., Ltd., Annual General Meeting, May 24, 2024Major-Power Technology Co., Ltd., Annual General Meeting, May 24, 2024.
New Risk • Feb 27New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (NT$2.10b market cap, or US$66.5m).
Upcoming Dividend • Aug 23Upcoming dividend of NT$0.06 per share at 0.1% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 28 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (3.4%).
New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (20% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (NT$907.3m market cap, or US$28.4m).
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$44.80, the stock trades at a trailing P/E ratio of 78.7x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 68% over the past three years.
Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improves as stock rises 29%After last week's 29% share price gain to NT$38.50, the stock trades at a trailing P/E ratio of 67.6x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 45% over the past three years.
Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$29.40, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 29% over the past three years.
Reported Earnings • Apr 13Full year 2022 earnings released: EPS: NT$0.57 (vs NT$2.27 in FY 2021)Full year 2022 results: EPS: NT$0.57 (down from NT$2.27 in FY 2021). Revenue: NT$242.0m (down 33% from FY 2021). Net income: NT$12.0m (down 75% from FY 2021). Profit margin: 5.0% (down from 13% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$29.40, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 27% over the past three years.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$23.00, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 4.6% over the past three years.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$20.10, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total loss to shareholders of 11% over the past three years.
Upcoming Dividend • Aug 23Upcoming dividend of NT$1.54 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 30 September 2022. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (3.5%).
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$25.00, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 4.4% over the past three years.
Reported Earnings • Apr 12Full year 2021 earnings released: EPS: NT$2.40 (vs NT$0.61 in FY 2020)Full year 2021 results: EPS: NT$2.40 (up from NT$0.61 in FY 2020). Revenue: NT$362.4m (up 26% from FY 2020). Net income: NT$47.8m (up 337% from FY 2020). Profit margin: 13% (up from 3.8% in FY 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$48.50, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 73% over the past year.
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$47.20, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 86% over the past year.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$43.20, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 63% over the past year.
Upcoming Dividend • Aug 23Upcoming dividend of NT$0.60 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 30 September 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.3%).
Reported Earnings • Aug 18First half 2021 earnings released: EPS NT$1.44 (vs NT$0.36 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$201.7m (up 62% from 1H 2020). Net income: NT$27.6m (up 366% from 1H 2020). Profit margin: 14% (up from 4.7% in 1H 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$39.20, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 6.0% over the past year.
Valuation Update With 7 Day Price Move • May 18Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$32.45, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 24% over the past year.
Reported Earnings • Apr 15Full year 2020 earnings released: EPS NT$0.63 (vs NT$0.47 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: NT$287.8m (up 70% from FY 2019). Net income: NT$10.9m (up 39% from FY 2019). Profit margin: 3.8% (down from 4.7% in FY 2019). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$46.60, the stock trades at a trailing P/E ratio of 71.9x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 110% over the past year.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$33.65, the stock is trading at a trailing P/E ratio of 51.9x, up from the previous P/E ratio of 44.5x. This compares to an average P/E of 28x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past year are 24%.
Is New 90 Day High Low • Feb 20New 90-day high: NT$33.65The company is up 14% from its price of NT$29.60 on 19 November 2020. The Taiwanese market is up 18% 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.
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