View ValuationVisual Photonics Epitaxy 将来の成長Future 基準チェック /66Visual Photonics Epitaxy利益と収益がそれぞれ年間44.7%と29%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に38.1% 44%なると予測されています。主要情報44.7%収益成長率43.99%EPS成長率Semiconductor 収益成長25.7%収益成長率29.0%将来の株主資本利益率38.11%アナリストカバレッジGood最終更新日18 May 2026今後の成長に関する最新情報Price Target Changed • May 18Price target increased by 12% to NT$327Up from NT$291, the current price target is an average from 9 analysts. New target price is 15% below last closing price of NT$386. Stock is up 266% over the past year. The company is forecast to post earnings per share of NT$5.72 for next year compared to NT$2.97 last year.Price Target Changed • Apr 28Price target increased by 14% to NT$282Up from NT$248, the current price target is an average from 10 analysts. New target price is 11% below last closing price of NT$318. Stock is up 218% over the past year. The company is forecast to post earnings per share of NT$5.23 for next year compared to NT$2.97 last year.Price Target Changed • Apr 14Price target increased by 11% to NT$262Up from NT$236, the current price target is an average from 10 analysts. New target price is 6.5% below last closing price of NT$281. Stock is up 186% over the past year. The company is forecast to post earnings per share of NT$5.23 for next year compared to NT$2.97 last year.Price Target Changed • Mar 02Price target increased by 8.4% to NT$207Up from NT$191, the current price target is an average from 10 analysts. New target price is 13% below last closing price of NT$239. Stock is up 71% over the past year. The company is forecast to post earnings per share of NT$5.41 for next year compared to NT$2.97 last year.Price Target Changed • Sep 04Price target increased by 7.1% to NT$170Up from NT$159, the current price target is an average from 10 analysts. New target price is 11% above last closing price of NT$153. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$3.32 for next year compared to NT$3.63 last year.Price Target Changed • Jul 30Price target increased by 9.8% to NT$159Up from NT$144, the current price target is an average from 10 analysts. New target price is 9.8% above last closing price of NT$145. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of NT$3.17 for next year compared to NT$3.63 last year.すべての更新を表示Recent updatesPrice Target Changed • May 18Price target increased by 12% to NT$327Up from NT$291, the current price target is an average from 9 analysts. New target price is 15% below last closing price of NT$386. Stock is up 266% over the past year. The company is forecast to post earnings per share of NT$5.72 for next year compared to NT$2.97 last year.Reported Earnings • May 05First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.85 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.85 in 1Q 2025). Revenue: NT$959.3m (up 21% from 1Q 2025). Net income: NT$195.1m (up 24% from 1Q 2025). Profit margin: 20% (in line with 1Q 2025). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Apr 28Price target increased by 14% to NT$282Up from NT$248, the current price target is an average from 10 analysts. New target price is 11% below last closing price of NT$318. Stock is up 218% over the past year. The company is forecast to post earnings per share of NT$5.23 for next year compared to NT$2.97 last year.Price Target Changed • Apr 14Price target increased by 11% to NT$262Up from NT$236, the current price target is an average from 10 analysts. New target price is 6.5% below last closing price of NT$281. Stock is up 186% over the past year. The company is forecast to post earnings per share of NT$5.23 for next year compared to NT$2.97 last year.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$196, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 153% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$133 per share.お知らせ • Mar 02Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 29, 2026Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,15, kung yeh 1st rd., pingjhen district, taoyuan city TaiwanPrice Target Changed • Mar 02Price target increased by 8.4% to NT$207Up from NT$191, the current price target is an average from 10 analysts. New target price is 13% below last closing price of NT$239. Stock is up 71% over the past year. The company is forecast to post earnings per share of NT$5.41 for next year compared to NT$2.97 last year.Reported Earnings • Feb 28Full year 2025 earnings released: EPS: NT$2.97 (vs NT$3.63 in FY 2024)Full year 2025 results: EPS: NT$2.97 (down from NT$3.63 in FY 2024). Revenue: NT$3.38b (up 4.3% from FY 2024). Net income: NT$547.9m (down 18% from FY 2024). Profit margin: 16% (down from 21% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% 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 • Feb 11New 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 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$170, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$181 per share.Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$153, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$182 per share.New Risk • Dec 04New 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 6.4% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 122% Cash payout ratio: 144% Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: NT$0.86 (vs NT$0.78 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.86 (up from NT$0.78 in 3Q 2024). Revenue: NT$912.8m (up 13% from 3Q 2024). Net income: NT$160.5m (up 11% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Sep 04Price target increased by 7.1% to NT$170Up from NT$159, the current price target is an average from 10 analysts. New target price is 11% above last closing price of NT$153. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$3.32 for next year compared to NT$3.63 last year.Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$159, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 120% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$139 per share.Price Target Changed • Jul 30Price target increased by 9.8% to NT$159Up from NT$144, the current price target is an average from 10 analysts. New target price is 9.8% above last closing price of NT$145. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of NT$3.17 for next year compared to NT$3.63 last year.Reported Earnings • Jul 26Second quarter 2025 earnings released: EPS: NT$0.20 (vs NT$1.09 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.20 (down from NT$1.09 in 2Q 2024). Revenue: NT$714.1m (down 18% from 2Q 2024). Net income: NT$36.3m (down 82% from 2Q 2024). Profit margin: 5.1% (down from 23% in 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 15Upcoming dividend of NT$3.22 per shareEligible shareholders must have bought the stock before 20 June 2025. Payment date: 11 July 2025. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.3%).Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$122, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$142 per share.Declared Dividend • May 31Dividend increased to NT$3.22Dividend of NT$3.22 is 46% higher than last year. Ex-date: 20th June 2025 Payment date: 11th July 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.5% to bring the payout ratio under control. EPS is expected to grow by 117% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Apr 29First quarter 2025 earnings released: EPS: NT$0.85 (vs NT$1.04 in 1Q 2024)First quarter 2025 results: EPS: NT$0.85 (down from NT$1.04 in 1Q 2024). Revenue: NT$793.7m (down 5.2% from 1Q 2024). Net income: NT$157.3m (down 19% from 1Q 2024). Profit margin: 20% (down from 23% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Price Target Changed • Apr 23Price target decreased by 7.5% to NT$162Down from NT$175, the current price target is an average from 9 analysts. New target price is 73% above last closing price of NT$93.40. Stock is down 38% over the past year. The company is forecast to post earnings per share of NT$4.71 for next year compared to NT$3.63 last year.お知らせ • Apr 17Visual Photonics Epitaxy Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025Visual Photonics Epitaxy Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$114, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 9.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$211 per share.分析記事 • Mar 28An Intrinsic Calculation For Visual Photonics Epitaxy Co., Ltd. (TWSE:2455) Suggests It's 40% UndervaluedKey Insights The projected fair value for Visual Photonics Epitaxy is NT$211 based on 2 Stage Free Cash Flow to Equity...New Risk • Mar 11New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: 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 (6.1% average weekly change).お知らせ • Mar 03Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 28, 2025Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 28, 2025. Location: no,15, kung yeh 1st rd., pingjhen district, taoyuan city TaiwanBuy Or Sell Opportunity • Mar 03Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to NT$140. The fair value is estimated to be NT$179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.分析記事 • Feb 26Visual Photonics Epitaxy (TWSE:2455) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Feb 20Visual Photonics Epitaxy Co., Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025Visual Photonics Epitaxy Co., Ltd. announced that they will report fiscal year 2024 results on Feb 27, 2025Buy Or Sell Opportunity • Feb 04Now 24% undervaluedOver the last 90 days, the stock has risen 2.1% to NT$147. The fair value is estimated to be NT$192, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.分析記事 • Feb 04When Should You Buy Visual Photonics Epitaxy Co., Ltd. (TWSE:2455)?Visual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ), is not the largest company out there, but it saw a double-digit share...分析記事 • Jan 02Visual Photonics Epitaxy (TWSE:2455) Is Investing Its Capital With Increasing EfficiencyThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$169, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$159 per share.New Risk • Nov 14New 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 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.分析記事 • Nov 01Statutory Profit Doesn't Reflect How Good Visual Photonics Epitaxy's (TWSE:2455) Earnings AreInvestors were underwhelmed by the solid earnings posted by Visual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) recently...Reported Earnings • Oct 27Third quarter 2024 earnings released: EPS: NT$0.78 (vs NT$0.78 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.78 (up from NT$0.78 in 3Q 2023). Revenue: NT$805.7m (up 4.9% from 3Q 2023). Net income: NT$144.4m (flat on 3Q 2023). Profit margin: 18% (in line with 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.分析記事 • Oct 24Visual Photonics Epitaxy (TWSE:2455) Seems To Use Debt Rather SparinglyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...お知らせ • Oct 17Visual Photonics Epitaxy Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024Visual Photonics Epitaxy Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024分析記事 • Sep 26Visual Photonics Epitaxy Co., Ltd. (TWSE:2455) Stocks Shoot Up 28% But Its P/E Still Looks ReasonableVisual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) shareholders would be excited to see that the share price has had a...Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$171, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$165 per share.Price Target Changed • Sep 03Price target decreased by 7.1% to NT$185Down from NT$199, the current price target is an average from 8 analysts. New target price is 27% above last closing price of NT$146. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of NT$4.06 for next year compared to NT$2.43 last year.分析記事 • Sep 02Shareholders Would Enjoy A Repeat Of Visual Photonics Epitaxy's (TWSE:2455) Recent Growth In ReturnsThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$126, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$189 per share.Buy Or Sell Opportunity • Aug 02Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to NT$141. The fair value is estimated to be NT$189, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.5% over the last 3 years. Earnings per share has declined by 20%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 69% in the next 2 years.Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: NT$1.09 (vs NT$0.57 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.09 (up from NT$0.57 in 2Q 2023). Revenue: NT$875.6m (up 47% from 2Q 2023). Net income: NT$200.8m (up 89% from 2Q 2023). Profit margin: 23% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.分析記事 • Jul 26Is Visual Photonics Epitaxy (TWSE:2455) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...お知らせ • Jul 19Visual Photonics Epitaxy Co., Ltd. to Report Q2, 2024 Results on Jul 25, 2024Visual Photonics Epitaxy Co., Ltd. announced that they will report Q2, 2024 results on Jul 25, 2024Price Target Changed • Jul 13Price target increased by 7.2% to NT$191Up from NT$178, the current price target is an average from 8 analysts. New target price is 6.3% above last closing price of NT$180. Stock is up 55% over the past year. The company is forecast to post earnings per share of NT$4.56 for next year compared to NT$2.43 last year.分析記事 • Jul 12Visual Photonics Epitaxy Co., Ltd.'s (TWSE:2455) P/E Is Still On The Mark Following 29% Share Price BounceVisual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) shares have had a really impressive month, gaining 29% after a shaky...Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$188, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$165 per share.分析記事 • Jul 03Calculating The Intrinsic Value Of Visual Photonics Epitaxy Co., Ltd. (TWSE:2455)Key Insights The projected fair value for Visual Photonics Epitaxy is NT$164 based on 2 Stage Free Cash Flow to Equity...Buy Or Sell Opportunity • Jul 01Now 5.0% overvaluedOver the last 90 days, the stock has fallen 7.2% to NT$160. The fair value is estimated to be NT$152, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 78% in the next 2 years.Buy Or Sell Opportunity • Jun 24Now 21% overvaluedOver the last 90 days, the stock has fallen 1.7% to NT$174. The fair value is estimated to be NT$144, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 78% in the next 2 years.分析記事 • Jun 18Visual Photonics Epitaxy (TWSE:2455) Is Paying Out Less In Dividends Than Last YearVisual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) has announced that on 12th of July, it will be paying a dividend...Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 13%After last week's 13% share price gain to NT$159, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$144 per share.Upcoming Dividend • Jun 17Upcoming dividend of NT$2.20 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.1%).分析記事 • Jun 02Visual Photonics Epitaxy (TWSE:2455) Has Announced That Its Dividend Will Be Reduced To NT$2.20Visual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) has announced that on 12th of July, it will be paying a dividend...Declared Dividend • Jun 01Dividend reduced to NT$2.20Dividend of NT$2.20 is 4.3% lower than last year. Ex-date: 24th June 2024 Payment date: 12th July 2024 Dividend yield will be 1.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 31Visual Photonics Epitaxy Co., Ltd. Approves Cash Dividend, Payable on July 12, 2024Visual Photonics Epitaxy Co., Ltd. at the shareholders meeting held on May 30, 2024 approved cash dividend of TWD 406,793,020 or TWD 2.20 per share. Ex-rights (ex-dividend) trading date is June 24, 2024. Ex-rights (ex-dividend) record date is June 30, 2024. Payment date of common stock cash dividend distribution is July 12, 2024.分析記事 • May 28Visual Photonics Epitaxy Co., Ltd. (TWSE:2455) Not Flying Under The RadarWith a price-to-earnings (or "P/E") ratio of 44.1x Visual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) may be sending very...Buy Or Sell Opportunity • Apr 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to NT$155. The fair value is estimated to be NT$128, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 24% in a year. Earnings are forecast to grow by 35% in the next year.Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: NT$1.04 (vs NT$0.064 in 1Q 2023)First quarter 2024 results: EPS: NT$1.04 (up from NT$0.064 in 1Q 2023). Revenue: NT$837.4m (up 112% from 1Q 2023). Net income: NT$193.0m (up NT$181.2m from 1Q 2023). Profit margin: 23% (up from 3.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Apr 19Visual Photonics Epitaxy Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024Visual Photonics Epitaxy Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024分析記事 • Apr 11Visual Photonics Epitaxy (TWSE:2455) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Mar 22Visual Photonics Epitaxy (TWSE:2455) Has More To Do To Multiply In Value Going ForwardIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Price Target Changed • Mar 06Price target increased by 11% to NT$174Up from NT$156, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$180. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$4.40 for next year compared to NT$2.43 last year.お知らせ • Mar 01Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 30, 2024Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 30, 2024. Location: No. 15, Gongye 1st Rd., Pingzhen Dist., Taoyuan City 324 , Taiwan Taoyuan City Taiwan Agenda: To report the business of 2023; to report the 2023 Audit Committee's review report; to report 2023 employees' profit sharing and directors' compensation; to accept 2023 Business Report and Financial Statements; to report 2023 earnings distribution; and to consider other matters.分析記事 • Feb 26Visual Photonics Epitaxy Co., Ltd. (TWSE:2455) Stocks Shoot Up 32% But Its P/S Still Looks ReasonableVisual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) shareholders are no doubt pleased to see that the share price has...Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: NT$0.78 (vs NT$0.57 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.78 (up from NT$0.57 in 3Q 2022). Revenue: NT$768.4m (up 47% from 3Q 2022). Net income: NT$143.9m (up 36% from 3Q 2022). Profit margin: 19% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Price Target Changed • Aug 30Price target increased by 8.4% to NT$130Up from NT$120, the current price target is an average from 8 analysts. New target price is 12% below last closing price of NT$147. Stock is up 93% over the past year. The company is forecast to post earnings per share of NT$2.13 for next year compared to NT$2.95 last year.Buying Opportunity • Aug 15Now 20% undervaluedOver the last 90 days, the stock is up 28%. The fair value is estimated to be NT$152, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Earnings per share has declined by 7.4%. Revenue is forecast to grow by 83% in 2 years. Earnings is forecast to grow by 223% in the next 2 years.Reported Earnings • Jul 31Second quarter 2023 earnings released: EPS: NT$0.57 (vs NT$1.00 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.57 (down from NT$1.00 in 2Q 2022). Revenue: NT$594.3m (down 19% from 2Q 2022). Net income: NT$106.2m (down 42% from 2Q 2022). Profit margin: 18% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Price Target Changed • Jul 28Price target increased by 8.1% to NT$117Up from NT$108, the current price target is an average from 8 analysts. New target price is 9.2% below last closing price of NT$129. Stock is up 75% over the past year. The company is forecast to post earnings per share of NT$2.10 for next year compared to NT$2.95 last year.Upcoming Dividend • Jun 19Upcoming dividend of NT$2.30 per share at 1.8% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 14 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.1%).Buying Opportunity • Jun 14Now 21% undervaluedOver the last 90 days, the stock is up 47%. The fair value is estimated to be NT$154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.6%. Revenue is forecast to grow by 65% in 2 years. Earnings is forecast to grow by 127% in the next 2 years.お知らせ • Jun 08+ 2 more updatesVisual Photonics Epitaxy Co., Ltd. Appoints Chang Cheng-Liang as New Corporate Director Assign RepresentativeVisual Photonics Epitaxy Co., Ltd. appointed Chang Cheng-Liang as new corporate director assign representative. Resume of the new position holder: Chairman, Shang-Jin Investment Co., Ltd. Effective date of the new appointment is June 7, 2023.Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$116, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$153 per share.Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$2.95 (vs NT$4.62 in FY 2021)Full year 2022 results: EPS: NT$2.95 (down from NT$4.62 in FY 2021). Revenue: NT$2.60b (down 28% from FY 2021). Net income: NT$544.7m (down 36% from FY 2021). Profit margin: 21% (down from 24% 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 12% per year whereas the company’s share price has increased by 10% per year.Price Target Changed • Feb 21Price target increased by 8.0% to NT$85.00Up from NT$78.71, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$87.50. Stock is down 24% over the past year. The company posted earnings per share of NT$4.62 last year.Price Target Changed • Dec 19Price target decreased to NT$78.50Down from NT$87.29, the current price target is an average from 6 analysts. New target price is 17% above last closing price of NT$67.00. Stock is down 51% over the past year. The company posted earnings per share of NT$4.62 last year.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$79.40, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total loss to shareholders of 25% over the past three years.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Man-Sheng Huang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: NT$0.57 (vs NT$1.15 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.57 (down from NT$1.15 in 3Q 2021). Revenue: NT$522.1m (down 45% from 3Q 2021). Net income: NT$0 (down NT$211.8m from profit in 3Q 2021). Profit margin: 0% (down from 22% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$53.30, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total loss to shareholders of 46% over the past three years.Buying Opportunity • Aug 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be NT$89.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%.Price Target Changed • Aug 02Price target decreased to NT$95.83Down from NT$109, the current price target is provided by 1 analyst. New target price is 38% above last closing price of NT$69.50. Stock is down 49% over the past year. The company posted earnings per share of NT$4.62 last year.Buying Opportunity • Aug 01Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be NT$90.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%.Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: NT$1.00 (vs NT$1.23 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.00 (down from NT$1.23 in 2Q 2021). Revenue: NT$736.3m (down 18% from 2Q 2021). Net income: NT$184.4m (down 19% from 2Q 2021). Profit margin: 25% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Price Target Changed • Jul 29Price target decreased to NT$108Down from NT$117, the current price target is provided by 1 analyst. New target price is 47% above last closing price of NT$73.30. Stock is down 46% over the past year. The company posted earnings per share of NT$4.62 last year.Price Target Changed • Jul 06Price target decreased to NT$103Down from NT$117, the current price target is provided by 1 analyst. New target price is 53% above last closing price of NT$67.30. Stock is down 54% over the past year. The company posted earnings per share of NT$4.62 last year.Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$77.00, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 7.6% over the past three years.Upcoming Dividend • Jun 16Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 14 July 2022. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.1%).お知らせ • Jun 09Visual Photonics Epitaxy Co., Ltd. Approves Cash Dividend for the Year 2021, Payable on July 14, 2022Visual Photonics Epitaxy Co., Ltd. announced the resolution by the board of directors or shareholders meeting or decision by the Company held on June 8, 2022, approved the Cash dividends payment through earnings distribution of TWD 739,623,672 (TWD 4.0 per share) payable on July 14, 2022. Ex-rights (ex-dividend) trading date is June 23, 2022. Ex-rights (ex-dividend) record date is June 30, 2022. Last date before book closure is June 25, 2022.Reported Earnings • May 02First quarter 2022 earnings released: EPS: NT$1.18 (vs NT$1.22 in 1Q 2021)First quarter 2022 results: EPS: NT$1.18 (down from NT$1.22 in 1Q 2021). Revenue: NT$839.2m (down 5.6% from 1Q 2021). Net income: NT$217.5m (down 3.2% from 1Q 2021). Profit margin: 26% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target decreased to NT$128Down from NT$139, the current price target is provided by 1 analyst. New target price is 44% above last closing price of NT$88.60. Stock is down 27% over the past year. The company posted earnings per share of NT$4.62 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Moan-Sheng Huang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.業績と収益の成長予測TWSE:2455 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20288,0682,4561,9642,522512/31/20275,9251,5681,2631,887912/31/20264,3941,0564971,246103/31/20263,546586180754N/A12/31/20253,380548276640N/A9/30/20253,143487410599N/A6/30/20253,036471469644N/A3/31/20253,197635814953N/A12/31/20243,2416711,0391,086N/A9/30/20243,4567271,1021,154N/A6/30/20243,418726935983N/A3/31/20243,137631719766N/A12/31/20232,694450498572N/A9/30/20232,263299401382N/A6/30/20232,017261337389N/A3/31/20232,15933985339N/A12/31/20222,604545223644N/A9/30/20222,973699284881N/A6/30/20223,3998054911,140N/A3/31/20223,5598486751,334N/A12/31/20213,6098557091,179N/A9/30/20213,4908097521,147N/A6/30/20213,1877107421,022N/A3/31/20212,885616823878N/A12/31/20202,645533754851N/A9/30/20202,631513816902N/A6/30/20202,685554818901N/A3/31/20202,709564756887N/A12/31/20192,531514N/A695N/A9/30/20192,276466N/A516N/A6/30/20192,037381N/A512N/A3/31/20191,971376N/A557N/A12/31/20182,062397N/A777N/A9/30/20182,154428N/A648N/A6/30/20182,196453N/A681N/A3/31/20182,207433N/A607N/A12/31/20172,137394N/A457N/A9/30/20171,991348N/A633N/A6/30/20171,951340N/A592N/A3/31/20172,013381N/A682N/A12/31/20162,183467N/A852N/A9/30/20162,375521N/A785N/A6/30/20162,505607N/A957N/A3/31/20162,530620N/A913N/A12/31/20152,392593N/A760N/A9/30/20152,330627N/A846N/A6/30/20152,346612N/A686N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 2455の予測収益成長率 (年間44.7% ) は 貯蓄率 ( 1.3% ) を上回っています。収益対市場: 2455の収益 ( 44.7% ) はTW市場 ( 26.1% ) よりも速いペースで成長すると予測されています。高成長収益: 2455の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 2455の収益 ( 29% ) TW市場 ( 18.6% ) よりも速いペースで成長すると予測されています。高い収益成長: 2455の収益 ( 29% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 2455の 自己資本利益率 は、3年後には高くなると予測されています ( 38.1 %)成長企業の発掘7D1Y7D1Y7D1YSemiconductors 業界の高成長企業。View Past Performance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2026/05/21 08:10終値2026/05/21 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Visual Photonics Epitaxy Co., Ltd. 10 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。14 アナリスト機関Andrew LuBarclaysPing-Heng WuBarclaysChangrong ChenCapital Securities Corporation11 その他のアナリストを表示
Price Target Changed • May 18Price target increased by 12% to NT$327Up from NT$291, the current price target is an average from 9 analysts. New target price is 15% below last closing price of NT$386. Stock is up 266% over the past year. The company is forecast to post earnings per share of NT$5.72 for next year compared to NT$2.97 last year.
Price Target Changed • Apr 28Price target increased by 14% to NT$282Up from NT$248, the current price target is an average from 10 analysts. New target price is 11% below last closing price of NT$318. Stock is up 218% over the past year. The company is forecast to post earnings per share of NT$5.23 for next year compared to NT$2.97 last year.
Price Target Changed • Apr 14Price target increased by 11% to NT$262Up from NT$236, the current price target is an average from 10 analysts. New target price is 6.5% below last closing price of NT$281. Stock is up 186% over the past year. The company is forecast to post earnings per share of NT$5.23 for next year compared to NT$2.97 last year.
Price Target Changed • Mar 02Price target increased by 8.4% to NT$207Up from NT$191, the current price target is an average from 10 analysts. New target price is 13% below last closing price of NT$239. Stock is up 71% over the past year. The company is forecast to post earnings per share of NT$5.41 for next year compared to NT$2.97 last year.
Price Target Changed • Sep 04Price target increased by 7.1% to NT$170Up from NT$159, the current price target is an average from 10 analysts. New target price is 11% above last closing price of NT$153. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$3.32 for next year compared to NT$3.63 last year.
Price Target Changed • Jul 30Price target increased by 9.8% to NT$159Up from NT$144, the current price target is an average from 10 analysts. New target price is 9.8% above last closing price of NT$145. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of NT$3.17 for next year compared to NT$3.63 last year.
Price Target Changed • May 18Price target increased by 12% to NT$327Up from NT$291, the current price target is an average from 9 analysts. New target price is 15% below last closing price of NT$386. Stock is up 266% over the past year. The company is forecast to post earnings per share of NT$5.72 for next year compared to NT$2.97 last year.
Reported Earnings • May 05First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.85 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.85 in 1Q 2025). Revenue: NT$959.3m (up 21% from 1Q 2025). Net income: NT$195.1m (up 24% from 1Q 2025). Profit margin: 20% (in line with 1Q 2025). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Apr 28Price target increased by 14% to NT$282Up from NT$248, the current price target is an average from 10 analysts. New target price is 11% below last closing price of NT$318. Stock is up 218% over the past year. The company is forecast to post earnings per share of NT$5.23 for next year compared to NT$2.97 last year.
Price Target Changed • Apr 14Price target increased by 11% to NT$262Up from NT$236, the current price target is an average from 10 analysts. New target price is 6.5% below last closing price of NT$281. Stock is up 186% over the past year. The company is forecast to post earnings per share of NT$5.23 for next year compared to NT$2.97 last year.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$196, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 153% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$133 per share.
お知らせ • Mar 02Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 29, 2026Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,15, kung yeh 1st rd., pingjhen district, taoyuan city Taiwan
Price Target Changed • Mar 02Price target increased by 8.4% to NT$207Up from NT$191, the current price target is an average from 10 analysts. New target price is 13% below last closing price of NT$239. Stock is up 71% over the past year. The company is forecast to post earnings per share of NT$5.41 for next year compared to NT$2.97 last year.
Reported Earnings • Feb 28Full year 2025 earnings released: EPS: NT$2.97 (vs NT$3.63 in FY 2024)Full year 2025 results: EPS: NT$2.97 (down from NT$3.63 in FY 2024). Revenue: NT$3.38b (up 4.3% from FY 2024). Net income: NT$547.9m (down 18% from FY 2024). Profit margin: 16% (down from 21% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% 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 • Feb 11New 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 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$170, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$181 per share.
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$153, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$182 per share.
New Risk • Dec 04New 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 6.4% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 122% Cash payout ratio: 144% Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).
Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: NT$0.86 (vs NT$0.78 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.86 (up from NT$0.78 in 3Q 2024). Revenue: NT$912.8m (up 13% from 3Q 2024). Net income: NT$160.5m (up 11% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Sep 04Price target increased by 7.1% to NT$170Up from NT$159, the current price target is an average from 10 analysts. New target price is 11% above last closing price of NT$153. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$3.32 for next year compared to NT$3.63 last year.
Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$159, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 120% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$139 per share.
Price Target Changed • Jul 30Price target increased by 9.8% to NT$159Up from NT$144, the current price target is an average from 10 analysts. New target price is 9.8% above last closing price of NT$145. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of NT$3.17 for next year compared to NT$3.63 last year.
Reported Earnings • Jul 26Second quarter 2025 earnings released: EPS: NT$0.20 (vs NT$1.09 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.20 (down from NT$1.09 in 2Q 2024). Revenue: NT$714.1m (down 18% from 2Q 2024). Net income: NT$36.3m (down 82% from 2Q 2024). Profit margin: 5.1% (down from 23% in 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 15Upcoming dividend of NT$3.22 per shareEligible shareholders must have bought the stock before 20 June 2025. Payment date: 11 July 2025. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.3%).
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$122, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$142 per share.
Declared Dividend • May 31Dividend increased to NT$3.22Dividend of NT$3.22 is 46% higher than last year. Ex-date: 20th June 2025 Payment date: 11th July 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.5% to bring the payout ratio under control. EPS is expected to grow by 117% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Apr 29First quarter 2025 earnings released: EPS: NT$0.85 (vs NT$1.04 in 1Q 2024)First quarter 2025 results: EPS: NT$0.85 (down from NT$1.04 in 1Q 2024). Revenue: NT$793.7m (down 5.2% from 1Q 2024). Net income: NT$157.3m (down 19% from 1Q 2024). Profit margin: 20% (down from 23% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Price Target Changed • Apr 23Price target decreased by 7.5% to NT$162Down from NT$175, the current price target is an average from 9 analysts. New target price is 73% above last closing price of NT$93.40. Stock is down 38% over the past year. The company is forecast to post earnings per share of NT$4.71 for next year compared to NT$3.63 last year.
お知らせ • Apr 17Visual Photonics Epitaxy Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025Visual Photonics Epitaxy Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$114, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 9.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$211 per share.
分析記事 • Mar 28An Intrinsic Calculation For Visual Photonics Epitaxy Co., Ltd. (TWSE:2455) Suggests It's 40% UndervaluedKey Insights The projected fair value for Visual Photonics Epitaxy is NT$211 based on 2 Stage Free Cash Flow to Equity...
New Risk • Mar 11New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: 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 (6.1% average weekly change).
お知らせ • Mar 03Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 28, 2025Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 28, 2025. Location: no,15, kung yeh 1st rd., pingjhen district, taoyuan city Taiwan
Buy Or Sell Opportunity • Mar 03Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to NT$140. The fair value is estimated to be NT$179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.
分析記事 • Feb 26Visual Photonics Epitaxy (TWSE:2455) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Feb 20Visual Photonics Epitaxy Co., Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025Visual Photonics Epitaxy Co., Ltd. announced that they will report fiscal year 2024 results on Feb 27, 2025
Buy Or Sell Opportunity • Feb 04Now 24% undervaluedOver the last 90 days, the stock has risen 2.1% to NT$147. The fair value is estimated to be NT$192, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.
分析記事 • Feb 04When Should You Buy Visual Photonics Epitaxy Co., Ltd. (TWSE:2455)?Visual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ), is not the largest company out there, but it saw a double-digit share...
分析記事 • Jan 02Visual Photonics Epitaxy (TWSE:2455) Is Investing Its Capital With Increasing EfficiencyThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$169, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$159 per share.
New Risk • Nov 14New 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 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
分析記事 • Nov 01Statutory Profit Doesn't Reflect How Good Visual Photonics Epitaxy's (TWSE:2455) Earnings AreInvestors were underwhelmed by the solid earnings posted by Visual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) recently...
Reported Earnings • Oct 27Third quarter 2024 earnings released: EPS: NT$0.78 (vs NT$0.78 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.78 (up from NT$0.78 in 3Q 2023). Revenue: NT$805.7m (up 4.9% from 3Q 2023). Net income: NT$144.4m (flat on 3Q 2023). Profit margin: 18% (in line with 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
分析記事 • Oct 24Visual Photonics Epitaxy (TWSE:2455) Seems To Use Debt Rather SparinglyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
お知らせ • Oct 17Visual Photonics Epitaxy Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024Visual Photonics Epitaxy Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024
分析記事 • Sep 26Visual Photonics Epitaxy Co., Ltd. (TWSE:2455) Stocks Shoot Up 28% But Its P/E Still Looks ReasonableVisual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) shareholders would be excited to see that the share price has had a...
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$171, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$165 per share.
Price Target Changed • Sep 03Price target decreased by 7.1% to NT$185Down from NT$199, the current price target is an average from 8 analysts. New target price is 27% above last closing price of NT$146. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of NT$4.06 for next year compared to NT$2.43 last year.
分析記事 • Sep 02Shareholders Would Enjoy A Repeat Of Visual Photonics Epitaxy's (TWSE:2455) Recent Growth In ReturnsThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$126, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$189 per share.
Buy Or Sell Opportunity • Aug 02Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to NT$141. The fair value is estimated to be NT$189, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.5% over the last 3 years. Earnings per share has declined by 20%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 69% in the next 2 years.
Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: NT$1.09 (vs NT$0.57 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.09 (up from NT$0.57 in 2Q 2023). Revenue: NT$875.6m (up 47% from 2Q 2023). Net income: NT$200.8m (up 89% from 2Q 2023). Profit margin: 23% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
分析記事 • Jul 26Is Visual Photonics Epitaxy (TWSE:2455) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
お知らせ • Jul 19Visual Photonics Epitaxy Co., Ltd. to Report Q2, 2024 Results on Jul 25, 2024Visual Photonics Epitaxy Co., Ltd. announced that they will report Q2, 2024 results on Jul 25, 2024
Price Target Changed • Jul 13Price target increased by 7.2% to NT$191Up from NT$178, the current price target is an average from 8 analysts. New target price is 6.3% above last closing price of NT$180. Stock is up 55% over the past year. The company is forecast to post earnings per share of NT$4.56 for next year compared to NT$2.43 last year.
分析記事 • Jul 12Visual Photonics Epitaxy Co., Ltd.'s (TWSE:2455) P/E Is Still On The Mark Following 29% Share Price BounceVisual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) shares have had a really impressive month, gaining 29% after a shaky...
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$188, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$165 per share.
分析記事 • Jul 03Calculating The Intrinsic Value Of Visual Photonics Epitaxy Co., Ltd. (TWSE:2455)Key Insights The projected fair value for Visual Photonics Epitaxy is NT$164 based on 2 Stage Free Cash Flow to Equity...
Buy Or Sell Opportunity • Jul 01Now 5.0% overvaluedOver the last 90 days, the stock has fallen 7.2% to NT$160. The fair value is estimated to be NT$152, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 78% in the next 2 years.
Buy Or Sell Opportunity • Jun 24Now 21% overvaluedOver the last 90 days, the stock has fallen 1.7% to NT$174. The fair value is estimated to be NT$144, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 78% in the next 2 years.
分析記事 • Jun 18Visual Photonics Epitaxy (TWSE:2455) Is Paying Out Less In Dividends Than Last YearVisual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) has announced that on 12th of July, it will be paying a dividend...
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 13%After last week's 13% share price gain to NT$159, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$144 per share.
Upcoming Dividend • Jun 17Upcoming dividend of NT$2.20 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.1%).
分析記事 • Jun 02Visual Photonics Epitaxy (TWSE:2455) Has Announced That Its Dividend Will Be Reduced To NT$2.20Visual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) has announced that on 12th of July, it will be paying a dividend...
Declared Dividend • Jun 01Dividend reduced to NT$2.20Dividend of NT$2.20 is 4.3% lower than last year. Ex-date: 24th June 2024 Payment date: 12th July 2024 Dividend yield will be 1.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 31Visual Photonics Epitaxy Co., Ltd. Approves Cash Dividend, Payable on July 12, 2024Visual Photonics Epitaxy Co., Ltd. at the shareholders meeting held on May 30, 2024 approved cash dividend of TWD 406,793,020 or TWD 2.20 per share. Ex-rights (ex-dividend) trading date is June 24, 2024. Ex-rights (ex-dividend) record date is June 30, 2024. Payment date of common stock cash dividend distribution is July 12, 2024.
分析記事 • May 28Visual Photonics Epitaxy Co., Ltd. (TWSE:2455) Not Flying Under The RadarWith a price-to-earnings (or "P/E") ratio of 44.1x Visual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) may be sending very...
Buy Or Sell Opportunity • Apr 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to NT$155. The fair value is estimated to be NT$128, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 24% in a year. Earnings are forecast to grow by 35% in the next year.
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: NT$1.04 (vs NT$0.064 in 1Q 2023)First quarter 2024 results: EPS: NT$1.04 (up from NT$0.064 in 1Q 2023). Revenue: NT$837.4m (up 112% from 1Q 2023). Net income: NT$193.0m (up NT$181.2m from 1Q 2023). Profit margin: 23% (up from 3.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Apr 19Visual Photonics Epitaxy Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024Visual Photonics Epitaxy Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024
分析記事 • Apr 11Visual Photonics Epitaxy (TWSE:2455) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Mar 22Visual Photonics Epitaxy (TWSE:2455) Has More To Do To Multiply In Value Going ForwardIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Price Target Changed • Mar 06Price target increased by 11% to NT$174Up from NT$156, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$180. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$4.40 for next year compared to NT$2.43 last year.
お知らせ • Mar 01Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 30, 2024Visual Photonics Epitaxy Co., Ltd., Annual General Meeting, May 30, 2024. Location: No. 15, Gongye 1st Rd., Pingzhen Dist., Taoyuan City 324 , Taiwan Taoyuan City Taiwan Agenda: To report the business of 2023; to report the 2023 Audit Committee's review report; to report 2023 employees' profit sharing and directors' compensation; to accept 2023 Business Report and Financial Statements; to report 2023 earnings distribution; and to consider other matters.
分析記事 • Feb 26Visual Photonics Epitaxy Co., Ltd. (TWSE:2455) Stocks Shoot Up 32% But Its P/S Still Looks ReasonableVisual Photonics Epitaxy Co., Ltd. ( TWSE:2455 ) shareholders are no doubt pleased to see that the share price has...
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: NT$0.78 (vs NT$0.57 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.78 (up from NT$0.57 in 3Q 2022). Revenue: NT$768.4m (up 47% from 3Q 2022). Net income: NT$143.9m (up 36% from 3Q 2022). Profit margin: 19% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Price Target Changed • Aug 30Price target increased by 8.4% to NT$130Up from NT$120, the current price target is an average from 8 analysts. New target price is 12% below last closing price of NT$147. Stock is up 93% over the past year. The company is forecast to post earnings per share of NT$2.13 for next year compared to NT$2.95 last year.
Buying Opportunity • Aug 15Now 20% undervaluedOver the last 90 days, the stock is up 28%. The fair value is estimated to be NT$152, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Earnings per share has declined by 7.4%. Revenue is forecast to grow by 83% in 2 years. Earnings is forecast to grow by 223% in the next 2 years.
Reported Earnings • Jul 31Second quarter 2023 earnings released: EPS: NT$0.57 (vs NT$1.00 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.57 (down from NT$1.00 in 2Q 2022). Revenue: NT$594.3m (down 19% from 2Q 2022). Net income: NT$106.2m (down 42% from 2Q 2022). Profit margin: 18% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Price Target Changed • Jul 28Price target increased by 8.1% to NT$117Up from NT$108, the current price target is an average from 8 analysts. New target price is 9.2% below last closing price of NT$129. Stock is up 75% over the past year. The company is forecast to post earnings per share of NT$2.10 for next year compared to NT$2.95 last year.
Upcoming Dividend • Jun 19Upcoming dividend of NT$2.30 per share at 1.8% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 14 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.1%).
Buying Opportunity • Jun 14Now 21% undervaluedOver the last 90 days, the stock is up 47%. The fair value is estimated to be NT$154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.6%. Revenue is forecast to grow by 65% in 2 years. Earnings is forecast to grow by 127% in the next 2 years.
お知らせ • Jun 08+ 2 more updatesVisual Photonics Epitaxy Co., Ltd. Appoints Chang Cheng-Liang as New Corporate Director Assign RepresentativeVisual Photonics Epitaxy Co., Ltd. appointed Chang Cheng-Liang as new corporate director assign representative. Resume of the new position holder: Chairman, Shang-Jin Investment Co., Ltd. Effective date of the new appointment is June 7, 2023.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$116, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$153 per share.
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$2.95 (vs NT$4.62 in FY 2021)Full year 2022 results: EPS: NT$2.95 (down from NT$4.62 in FY 2021). Revenue: NT$2.60b (down 28% from FY 2021). Net income: NT$544.7m (down 36% from FY 2021). Profit margin: 21% (down from 24% 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 12% per year whereas the company’s share price has increased by 10% per year.
Price Target Changed • Feb 21Price target increased by 8.0% to NT$85.00Up from NT$78.71, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$87.50. Stock is down 24% over the past year. The company posted earnings per share of NT$4.62 last year.
Price Target Changed • Dec 19Price target decreased to NT$78.50Down from NT$87.29, the current price target is an average from 6 analysts. New target price is 17% above last closing price of NT$67.00. Stock is down 51% over the past year. The company posted earnings per share of NT$4.62 last year.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$79.40, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total loss to shareholders of 25% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Man-Sheng Huang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: NT$0.57 (vs NT$1.15 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.57 (down from NT$1.15 in 3Q 2021). Revenue: NT$522.1m (down 45% from 3Q 2021). Net income: NT$0 (down NT$211.8m from profit in 3Q 2021). Profit margin: 0% (down from 22% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$53.30, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total loss to shareholders of 46% over the past three years.
Buying Opportunity • Aug 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be NT$89.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%.
Price Target Changed • Aug 02Price target decreased to NT$95.83Down from NT$109, the current price target is provided by 1 analyst. New target price is 38% above last closing price of NT$69.50. Stock is down 49% over the past year. The company posted earnings per share of NT$4.62 last year.
Buying Opportunity • Aug 01Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be NT$90.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%.
Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: NT$1.00 (vs NT$1.23 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.00 (down from NT$1.23 in 2Q 2021). Revenue: NT$736.3m (down 18% from 2Q 2021). Net income: NT$184.4m (down 19% from 2Q 2021). Profit margin: 25% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Price Target Changed • Jul 29Price target decreased to NT$108Down from NT$117, the current price target is provided by 1 analyst. New target price is 47% above last closing price of NT$73.30. Stock is down 46% over the past year. The company posted earnings per share of NT$4.62 last year.
Price Target Changed • Jul 06Price target decreased to NT$103Down from NT$117, the current price target is provided by 1 analyst. New target price is 53% above last closing price of NT$67.30. Stock is down 54% over the past year. The company posted earnings per share of NT$4.62 last year.
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$77.00, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 7.6% over the past three years.
Upcoming Dividend • Jun 16Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 14 July 2022. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.1%).
お知らせ • Jun 09Visual Photonics Epitaxy Co., Ltd. Approves Cash Dividend for the Year 2021, Payable on July 14, 2022Visual Photonics Epitaxy Co., Ltd. announced the resolution by the board of directors or shareholders meeting or decision by the Company held on June 8, 2022, approved the Cash dividends payment through earnings distribution of TWD 739,623,672 (TWD 4.0 per share) payable on July 14, 2022. Ex-rights (ex-dividend) trading date is June 23, 2022. Ex-rights (ex-dividend) record date is June 30, 2022. Last date before book closure is June 25, 2022.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: NT$1.18 (vs NT$1.22 in 1Q 2021)First quarter 2022 results: EPS: NT$1.18 (down from NT$1.22 in 1Q 2021). Revenue: NT$839.2m (down 5.6% from 1Q 2021). Net income: NT$217.5m (down 3.2% from 1Q 2021). Profit margin: 26% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target decreased to NT$128Down from NT$139, the current price target is provided by 1 analyst. New target price is 44% above last closing price of NT$88.60. Stock is down 27% over the past year. The company posted earnings per share of NT$4.62 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Moan-Sheng Huang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.