View ValuationFaraday Technology 将来の成長Future 基準チェック /36Faraday Technology利益と収益がそれぞれ年間47.5%と16.4%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13.8% 52.6%なると予測されています。主要情報47.5%収益成長率52.60%EPS成長率Semiconductor 収益成長25.7%収益成長率16.4%将来の株主資本利益率13.85%アナリストカバレッジGood最終更新日30 Apr 2026今後の成長に関する最新情報Major Estimate Revision • Apr 29Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$13.0b to NT$12.7b. EPS estimate also fell from NT$4.31 per share to NT$3.77 per share. Net income forecast to grow 20% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target of NT$173 unchanged from last update. Share price fell 5.9% to NT$169 over the past week.Price Target Changed • Mar 13Price target decreased by 7.2% to NT$159Down from NT$172, the current price target is an average from 7 analysts. New target price is 5.1% above last closing price of NT$152. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$4.31 for next year compared to NT$2.81 last year.Major Estimate Revision • Feb 11Consensus revenue estimates decrease by 18%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from NT$15.4b to NT$12.6b. EPS estimate unchanged at NT$5.98 per share. Net income forecast to grow 14% next year vs 39% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$170 to NT$165. Share price was steady at NT$162 over the past week.Major Estimate Revision • Oct 29Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$19.0b to NT$18.2b. EPS estimate also fell from NT$2.91 per share to NT$2.07 per share. Net income forecast to grow 26% next year vs 27% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$172. Share price rose 3.7% to NT$185 over the past week.Price Target Changed • Aug 01Price target decreased by 9.4% to NT$217Down from NT$240, the current price target is an average from 8 analysts. New target price is 38% above last closing price of NT$157. Stock is down 45% over the past year. The company is forecast to post earnings per share of NT$2.79 for next year compared to NT$4.04 last year.Major Estimate Revision • Jul 30Consensus EPS estimates fall by 52%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$20.2b to NT$19.0b. EPS estimate also fell from NT$6.05 per share to NT$2.88 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$231. Share price fell 13% to NT$157 over the past week.すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2026 results: EPS: NT$0.40 (down from NT$1.33 in 1Q 2025). Revenue: NT$2.59b (down 65% from 1Q 2025). Net income: NT$104.3m (down 70% from 1Q 2025). Profit margin: 4.0% (down from 4.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% 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 fallen by 44% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$196, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$134 per share.Major Estimate Revision • Apr 29Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$13.0b to NT$12.7b. EPS estimate also fell from NT$4.31 per share to NT$3.77 per share. Net income forecast to grow 20% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target of NT$173 unchanged from last update. Share price fell 5.9% to NT$169 over the past week.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$175, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 5.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$84.16 per share.お知らせ • Apr 14Faraday Technology Corporation Delivers Ip Solutions to Enable Endpoint Ai Based on Umc’S 28Nm Sst EflashFaraday Technology Corporation announced its IP solutions on the UMC’s 28nm platform with SST-ESF4 eNVM, designed to enable next-generation MCU and AIoT SoCs targeting endpoint AI applications. The comprehensive IP solution integrates SST eFlash controller and BIST, together with silicon-proven analog and high-speed interface PHY IPs, providing a stable and production-ready foundation for low-power, high-performance endpoint AI designs. Built on Faraday’s extensive 28nm design and silicon experience, the IP solutions go beyond IP delivery to offer end-to-end eFlash enablement, including characterization, verification, test-chip support, and production readiness. By consolidating peripheral and analog IPs, such as SRAM, USB, PLL, ADC/DAC, RTC library, temperature sensor, OSC and generic IO, etc., Faraday helps customers enhance test coverage, improve manufacturing yield, and accelerate production ramp-up. The solution also extends Faraday’s proven success from 55nm SST to 28nm SST, enabling a smooth, low-risk transition with improved performance and power efficiency.お知らせ • Mar 24Faraday Technology Corporation Highlights 40nm SONOS Embedded Non-Volatile Memory Solution As Nor Flash Alternative For MCU DesignsFaraday Technology Corporation highlighted its 40uLP SONOS embedded non-volatile memory (eNVM) solution, offering MCU vendors a cost-efficient alternative to NOR Flash while ensuring stable memory supply for long-lifecycle applications. As AI adoption accelerates, demand from AI servers and networking systems is tightening supply for consumer DRAM, NAND, and NOR Flash while increasing memory content per system. With long lead times for capacity expansion, the NOR Flash market faces structural supply constraints and price pressure. In many SiP-based MCU solutions, reliance on external NOR Flash can introduce supply chain risks and cost fluctuations. Built on UMC’s 40uLP platform, Faraday’s SONOS eNVM solution requires only a few additional masks, helping reduce manufacturing cost. The solution is supported by Faraday’s 40uLP SONOS subsystem for easy integration and use; in addition, the testing circuit is included to ensure eNVM quality in mass production. With several successful mass-production track records in both industrial and consumer MCU applications, Faraday’s SONOS eNVM ASIC solution demonstrates proven maturity and reliability.Price Target Changed • Mar 13Price target decreased by 7.2% to NT$159Down from NT$172, the current price target is an average from 7 analysts. New target price is 5.1% above last closing price of NT$152. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$4.31 for next year compared to NT$2.81 last year.お知らせ • Mar 03Faraday Technology Corporation Expands IP Offerings On UMC’s 14nm Process For Edge AI And Consumer MarketsFaraday Technology Corporation announced the continued expansion of its IP product lines on UMC’s 14nm FinFET Compact (14FCC) platform, covering USB 2.0/USB 3.2 Gen1 PHY, LVDS TX/RX I/O, DDR 3/4 combo PHY (up to 4.2 Gbps), and LPDDR 4/4X/5 PHY (up to 6.4 Gbps). Leveraging UMC’s 14nm platform, these IP solutions deliver an ideal balance of performance, power consumption, and cost, making them well suited for applications such as industrial control, AIoT, networking, smart displays, multi-function printers (MFP), and edge AI. Faraday continues building out its IP solutions on UMC’s 14nm node. All these IPs are silicon-proven to ensure production-quality, significantly reducing design risk while assisting designers in shortening development cycles and effectively managing design and manufacturing costs. For edge AI applications, Faraday’s fabless OSAT Service provides advanced 2.5D/3D packaging options, including memory controller and I/O integration, to meet the high-bandwidth and capacity requirements of AI computing and further enhance overall system-performance.お知らせ • Feb 11Faraday Technology Corporation, Annual General Meeting, May 25, 2026Faraday Technology Corporation, Annual General Meeting, May 25, 2026. Location: no,5, li hsing 3rd rd., hsinchu science park, hsinchu city TaiwanMajor Estimate Revision • Feb 11Consensus revenue estimates decrease by 18%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from NT$15.4b to NT$12.6b. EPS estimate unchanged at NT$5.98 per share. Net income forecast to grow 14% next year vs 39% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$170 to NT$165. Share price was steady at NT$162 over the past week.New Risk • Jan 16New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 103% Dividend yield: 1.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Dividend is not well covered by earnings (103% payout ratio). Profit margins are more than 30% lower than last year (4.2% net profit margin).Reported Earnings • Nov 03Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: NT$0.58 (down from NT$1.01 in 3Q 2024). Revenue: NT$3.24b (up 12% from 3Q 2024). Net income: NT$151.7m (down 43% from 3Q 2024). Profit margin: 4.7% (down from 9.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 9.5% 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 40% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Major Estimate Revision • Oct 29Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$19.0b to NT$18.2b. EPS estimate also fell from NT$2.91 per share to NT$2.07 per share. Net income forecast to grow 26% next year vs 27% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$172. Share price rose 3.7% to NT$185 over the past week.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$174, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$299 per share.Price Target Changed • Aug 01Price target decreased by 9.4% to NT$217Down from NT$240, the current price target is an average from 8 analysts. New target price is 38% above last closing price of NT$157. Stock is down 45% over the past year. The company is forecast to post earnings per share of NT$2.79 for next year compared to NT$4.04 last year.Reported Earnings • Jul 31Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$0.099 (down from NT$1.00 in 2Q 2024). Revenue: NT$4.51b (up 70% from 2Q 2024). Net income: NT$25.8m (down 90% from 2Q 2024). Profit margin: 0.6% (down from 9.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Major Estimate Revision • Jul 30Consensus EPS estimates fall by 52%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$20.2b to NT$19.0b. EPS estimate also fell from NT$6.05 per share to NT$2.88 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$231. Share price fell 13% to NT$157 over the past week.お知らせ • Jul 22Faraday Technology Corporation Delivers DDR/LPDDR Combo PHY IP Solutions on UMC's 22ULP and 14FFCFaraday Technology Corporation announced the availability of its DDR/LPDDR combo PHY, supporting from 3rd to 5th-generation on UMC's 22ULP and 14FFC platforms, which are UMC's planar and FinFET process technologies. Faraday continues its long-standing commitment to delivering in-house IP solutions optimized to better serve the ASIC market. Faraday's DDR/LPDDR IP solutions feature robust, silicon-proven designs widely adopted in ASIC projects across diverse SoC applications. Full compliance with JEDEC specifications ensures seamless compatibility and allows for flexible performance and power optimization. The 22ULP PHY supports low operating voltage at 0.8V, making it ideal for power-sensitive applications such as mobile, 5G, and IoT devices. The 14nm PHY supports transmission rate up to 6400Mbps for DDR5/LPDDR5 and includes advanced features such as self-training mechanisms, expedance calibration, and DFE.お知らせ • Jun 24Faraday Technology Corporation Delivers Latest SerDes IP to Complete Interface Lineup on UMC's 22nm PlatformFaraday Technology Corporation announced the availability of its 10G SerDes IP on UMC's 22nm process technology. Designed to meet the increasing demands of high-speed data transmission, the new SerDes IP supports a broad range of industry-standard protocols and is optimized for applications in industrial automation, AIoT, 5G modems, fiber-to-the-home (FTTH), and advanced networking. Faraday has been delivering robust and high-performance SerDes solutions since 2013. Its latest 10G SerDes IP is compliant with multiple key protocols, including PCIe Gen1/2/3, USB 3.2 Gen1/2, and xPON standards. Specifically, it supports various passive optical network (PON) technologies such as 10G-EPON, EPON, XGPON, XGSPON, and GPON, making it highly versatile for integration into optical network unit (ONU) designs. To further accelerate product development and reduce integration risks, Faraday also offers comprehensive IP customization and design services. These include subsystem integration, hardcore implementation, and signal/power integrity (SI/PI) analysis at both the package and PCB levels. This holistic approach enables customers to streamline their design process and shorten time-to-market.お知らせ • Jun 10Faraday Technology Corporation Unveils FlashKit-22RRAM: an eNVM-Based SoC Development Platform for IoTFaraday Technology Corporation introduced its latest FlashKit development platform, FlashKit-22RRAM, designed to accelerate high-performance IoT and MCU applications. Built on UMC's 22ULP process, FlashKit-22RRam combines embedded Resistive RAM (RRAM, ReRAM) technology with a rich IP ecosystem and development-ready support, providing a cost-effective and power-efficient SoC solution for edge devices. The FlashKit-22RRAM platform integrates a full-featured RRAM subsystem with DWORD access, delivering comparable performance with SST eFlash. This solution minimizes extra-mask requirements, making it highly suitable for consumer-grade eNVM applications, such as AIoT, smart home, wearables, and portable devices. It is silicon proven and fully prepared to support customers' fast ramp-up to volume production on UMC's 22UL P node. FlashKit-22RRAM supports embedded CPU options including ARM Cortex-M7 and VeeR EH1 RISC-V, and integrates a comprehensive set of integrated IPs such as USB 3.0 Type-C, GMAC, and PLL. A built-in RRAM controller with built-in self-test (BIST) ensures streamlined data access and high production reliability. In additional, embedded FPGA (eFPGA) block is included for enhanced design flexibility and enabling post-silicon logic change, EO, or GPIO re-assignment.New Risk • Jun 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 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (7.0% net profit margin).Declared Dividend • May 31Dividend reduced to NT$3.00Dividend of NT$3.00 is 30% lower than last year. Ex-date: 17th June 2025 Payment date: 18th July 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. 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. EPS is expected to grow by 142% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 24Faraday Technology Corporation Approves Cash Dividend for the Year 2024Faraday Technology Corporation at its shareholders meeting held on May 23, 2025, approved cash dividend of TWD 3.0 per share for the year 2024.Reported Earnings • Apr 26First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$1.33 (up from NT$1.13 in 1Q 2024). Revenue: NT$7.44b (up 188% from 1Q 2024). Net income: NT$346.2m (up 24% from 1Q 2024). Profit margin: 4.7% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 20% 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 27% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Price Target Changed • Apr 23Price target decreased by 7.6% to NT$243Down from NT$263, the current price target is an average from 9 analysts. New target price is 36% above last closing price of NT$178. Stock is down 40% over the past year. The company is forecast to post earnings per share of NT$6.02 for next year compared to NT$4.04 last year.お知らせ • Apr 15Faraday Technology Corporation to Report Q1, 2025 Results on Apr 22, 2025Faraday Technology Corporation announced that they will report Q1, 2025 results on Apr 22, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to NT$173, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$137 per share.New Risk • Mar 31New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$4.04 (down from NT$6.40 in FY 2023). Revenue: NT$11.1b (down 7.5% from FY 2023). Net income: NT$1.04b (down 35% from FY 2023). Profit margin: 9.4% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 1.7%. Revenue is forecast to grow 25% 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 only fallen by 9% per year, which means it has not declined as severely as earnings.分析記事 • Feb 28We Think You Can Look Beyond Faraday Technology's (TWSE:3035) Lackluster EarningsSoft earnings didn't appear to concern Faraday Technology Corporation's ( TWSE:3035 ) shareholders over the last week...お知らせ • Feb 24Faraday Technology Corporation, Annual General Meeting, May 23, 2025Faraday Technology Corporation, Annual General Meeting, May 23, 2025. Location: no,5, li hsing 3rd rd., hsinchu science park, hsinchu city TaiwanReported Earnings • Feb 24Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$4.04 (down from NT$6.40 in FY 2023). Revenue: NT$11.1b (down 7.5% from FY 2023). Net income: NT$1.04b (down 35% from FY 2023). Profit margin: 9.4% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 1.7%. Revenue is forecast to grow 29% 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 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.分析記事 • Feb 23News Flash: Analysts Just Made An Incredible Upgrade To Their Faraday Technology Corporation (TWSE:3035) ForecastsFaraday Technology Corporation ( TWSE:3035 ) shareholders will have a reason to smile today, with the analysts making...お知らせ • Feb 22Faraday Technology Corporation Approves Cash Dividend for Year 2024Faraday Technology Corporation approved cash dividend of TWD 3.0 per share for year 2024. Total amount of cash distributed to shareholders: TWD 781,650,939. Par value of common stock: TWD 10.分析記事 • Feb 16Is It Time To Consider Buying Faraday Technology Corporation (TWSE:3035)?While Faraday Technology Corporation ( TWSE:3035 ) might not have the largest market cap around , it received a lot of...お知らせ • Feb 14Faraday Technology Corporation to Report Fiscal Year 2024 Results on Feb 21, 2025Faraday Technology Corporation announced that they will report fiscal year 2024 results on Feb 21, 2025Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$205, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 5.1% over the past three years.分析記事 • Jan 05Faraday Technology Corporation's (TWSE:3035) P/E Still Appears To Be ReasonableFaraday Technology Corporation's ( TWSE:3035 ) price-to-earnings (or "P/E") ratio of 54.1x might make it look like a...分析記事 • Dec 17Returns At Faraday Technology (TWSE:3035) Appear To Be Weighed DownWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...分析記事 • Oct 31Earnings Miss: Faraday Technology Corporation Missed EPS By 19% And Analysts Are Revising Their ForecastsShareholders might have noticed that Faraday Technology Corporation ( TWSE:3035 ) filed its quarterly result this time...Reported Earnings • Oct 31Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.01 (down from NT$1.42 in 3Q 2023). Revenue: NT$2.88b (down 2.6% from 3Q 2023). Net income: NT$264.0m (down 25% from 3Q 2023). Profit margin: 9.2% (down from 12% in 3Q 2023). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 34% 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 2% 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 • Oct 30Faraday Technology Corporation Unveils HiSpeedKit™?-HS Platform for High-Speed Interface IP Verification in SoCsFaraday Technology Corporation announced the launch of its latest SoC platform, HiSpeedKit-HS, designed to enhance and streamline the verification process for high-speed interface IP subsystems. The platform supports Faraday's and third-party controller IP solutions, enabling comprehensive hardware and software verification through FPGA integrated with HiSpeedKit-HS. The HiSpeedKit-HS platform allows interface IP verification thorough integration and testing within a realistic SoC environment. It features holistic components, including ARM Cortex®? A53 and the high-speed interface IP test chips of Faraday's DDR 4 PHY, PCIe Gen 4 PHY, and Gigabyte Ethernet PHY. In addition to verification in SoCs, the collocated controller is further integrated to ensure the integrity and quality of the high-speed interface subsystem, reduce future integration risks, accelerate time-to-market, and provide early-stage performance simulation across diverse software system applications.Price Target Changed • Oct 30Price target decreased by 8.0% to NT$342Down from NT$372, the current price target is an average from 9 analysts. New target price is 45% above last closing price of NT$235. Stock is down 22% over the past year. The company is forecast to post earnings per share of NT$4.20 for next year compared to NT$6.39 last year.Major Estimate Revision • Oct 30Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$11.7b to NT$11.1b. EPS estimate also fell from NT$5.53 per share to NT$4.20 per share. Net income forecast to grow 47% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$372 to NT$342. Share price fell 12% to NT$235 over the past week.New Risk • Oct 25New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 93% Dividend yield: 1.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Dividend is not well covered by earnings (93% payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (4.8% increase in shares outstanding).お知らせ • Oct 22Faraday Technology Corporation to Report Q3, 2024 Results on Oct 29, 2024Faraday Technology Corporation announced that they will report Q3, 2024 results on Oct 29, 2024お知らせ • Oct 08Faraday Technology Corporation and Kiwimoore Announces Their Jointly Developed 2.5D Packaging Platform Successfully Enters the Mass Production StageFaraday Technology Corporation and Kiwimoore announced that their jointly developed 2.5D packaging platform has successfully entered the mass production stage. The one-stop advanced packaging platform and service developed through collaboration between Faraday and Kiwimoore, which incorporates Kiwimoore’s Chiplet interconnect and NDSA (network domain specific accelerator) solutions, highlight the significant achievements both companies have made in the Chiplet market. Faraday effectively integrates multi-source Chiplets from different semiconductor manufacturers, covering compute dies, HBM design and production. Kiwimoore, on the other hand, provides various Chiplets including a high-performance 3D general-purpose base die, high-speed IO die, and high-performance NDSA; these can be customized and integrated according to specific customer needs. The two companies work together to offer comprehensive Chiplet SoC/interposer design integration, testing and analysis, outsourced procurement, and production planning services. This comprehensive solution accelerates system-level product design integration, allowing customers to focus on core die development, thereby shortening design cycles and reducing R&D costs.分析記事 • Sep 06What Is Faraday Technology Corporation's (TWSE:3035) Share Price Doing?Faraday Technology Corporation ( TWSE:3035 ), might not be a large cap stock, but it saw a decent share price growth of...Major Estimate Revision • Aug 06Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$12.0b to NT$11.8b. EPS estimate also fell from NT$6.45 per share to NT$5.51 per share. Net income forecast to grow 68% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$379. Share price fell 23% to NT$238 over the past week.Reported Earnings • Jul 31Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$1.00 (down from NT$1.67 in 2Q 2023). Revenue: NT$2.65b (down 9.2% from 2Q 2023). Net income: NT$261.0m (down 37% from 2Q 2023). Profit margin: 9.9% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 27% 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 13% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Jul 29Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.9% to NT$289. The fair value is estimated to be NT$368, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 143% in the next 2 years.お知らせ • Jul 23+ 1 more updateFaraday Adds Video Interface IP to Support All Advanced Planar Nodes on UMC PlatformFaraday Technology Corporation announced that its MIPI D-PHY and V-by-One (VBO) PHY IP portfolios now support processes that range from 55nm to 22nm on UMC platform. Faraday has shipped over 100 million video interface IP solutions for AIoT, industrial, consumer, and automotive applications, which includes ASIC and IP business models. Faraday’s newly released MIPI D-PHY IP on 22nm features a low operating voltage of 0.8V, resulting in a 12% reduction in power consumption and a 10% decrease in chip area compared to its 28nm predecessor. Additionally, the solution includes multiple-TX-lanes with data rates ranging from 80Mbps to 2.5Gbps per lane for high frame rate video, offers customizable combo IO for various video RX interfaces, and provides flexible data and clock lane configurations to accommodate diverse device interfaces. Faraday’s V-by-One HS PHY IP on 22nm complies with V-by-One HS V1.4/1.5 standards for transmitter and receiver and supports data rates from 600Mbps to 4Gbps per lane. It reduces power consumption by 20% while operating at 0.8V and decreases chip area by 30% compared to its 28nm predecessor. In addition, the PHY IP supports scrambling and clock data recovery (CDR), effectively addressing the skew issue and reducing EMI.分析記事 • Jul 18Faraday Technology Corporation's (TWSE:3035) Popularity With Investors Is ClearFaraday Technology Corporation's ( TWSE:3035 ) price-to-earnings (or "P/E") ratio of 63.2x might make it look like a...Upcoming Dividend • Jun 19Upcoming dividend of NT$4.29 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 26 July 2024. Payout ratio is on the higher end at 82%, however this is 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 13Faraday Technology (TWSE:3035) Will Pay A Smaller Dividend Than Last YearFaraday Technology Corporation ( TWSE:3035 ) has announced that on 26th of July, it will be paying a dividend...Declared Dividend • Jun 13Dividend reduced to NT$4.29Dividend of NT$4.29 is 14% lower than last year. Ex-date: 26th June 2024 Payment date: 26th July 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 185% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 13Faraday Technology Corporation Announces Changes to Compensation and Remuneration CommitteeFaraday Technology Corporation announced changes to Compensation and Remuneration Committee. Name of the previous position holder: Ning-Hai Jin, Bing-Kuan Luo, Wan-Fen Zhou. Resume of the previous position holder: Ning-Hai Jin, Independent Director, Faraday Technology Corporation. Name of the new position holder: Bing-Kuan Luo, Wan-Fen Zhou, Li-Ying Yeh. Resume of the new position holder: Bing-Kuan Luo,Independent Director, Faraday Technology Corporation. Wan-Fen Zhou, Independent Director, Faraday Technology Corporation. Li-Ying Yeh,Independent Director, Faraday Technology Corporation. Circumstances of change: Term expired. Effective date of the new member is June 11, 2024. Original term is from July 8, 2021 to May 29, 2024.分析記事 • Jun 05Faraday Technology's (TWSE:3035) Soft Earnings Are Actually Better Than They AppearSoft earnings didn't appear to concern Faraday Technology Corporation's ( TWSE:3035 ) shareholders over the last week...お知らせ • May 30Faraday Technology Corporation Approves Cash Dividend for the year 2023Faraday Technology Corporation announced that at the cash dividend shareholders meeting held on May 29, 2024, approved cash dividend of TWD 4.5 per share for the year 2023.Major Estimate Revision • Apr 25Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$13.4b to NT$12.0b. EPS estimate fell from NT$8.29 to NT$6.45 per share. Net income forecast to grow 40% next year vs 27% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$427 to NT$352. Share price fell 13% to NT$279 over the past week.Reported Earnings • Apr 24First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: NT$1.13 (down from NT$2.02 in 1Q 2023). Revenue: NT$2.58b (down 21% from 1Q 2023). Net income: NT$280.3m (down 44% from 1Q 2023). Profit margin: 11% (down from 15% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 23% 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 increased by 28% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 20Faraday Technology Corporation to Report Q1, 2024 Results on Apr 23, 2024Faraday Technology Corporation announced that they will report Q1, 2024 results on Apr 23, 2024お知らせ • Feb 25Faraday Technology Corporation announced that it expects to receive TWD 96 million in fundingFaraday Technology Corporation announced a private placement of 9,600,000 shares at a price of TWD 10 per share for the gross proceeds of TWD 96,000,000 on February 23, 2024. The transaction has been approved by the shareholders of the company and is expected to close from March 20, 2024 to March 26, 2024.Major Estimate Revision • Feb 21Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$14.7b to NT$13.3b. EPS estimate also fell from NT$10.90 per share to NT$8.08 per share. Net income forecast to grow 26% next year vs 23% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$423. Share price fell 9.1% to NT$380 over the past week.お知らせ • Feb 21Faraday Technology Corporation, Annual General Meeting, May 29, 2024Faraday Technology Corporation, Annual General Meeting, May 29, 2024. Location: No.5,Li-Hsin Rd.III,Hsinchu Science Park Hsin-Chu City Taiwan Agenda: To consider The 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider The distribution of employees' bonus and Directors 'remuneration in 2023; to report 2023 directors' compensation; and to consider other matters.Reported Earnings • Feb 21Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$6.39 (down from NT$9.88 in FY 2022). Revenue: NT$12.0b (down 8.4% from FY 2022). Net income: NT$1.59b (down 35% from FY 2022). Profit margin: 13% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 21Faraday Technology Corporation Announces DividendFaraday Technology Corporation announcement of the Dividend Distribution has been approved by the Board of Directors. Appropriations of earnings in cash dividends to shareholders: TWD 4.5 per share. Total amount of cash distributed to shareholders TWD 1,118,476,409.Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$391, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 648% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$327 per share.お知らせ • Nov 17Faraday Technology Corporation Unveils Enhanced Gigabit Ethernet PHY on UMC's 28HPC+ ProcessFaraday Technology Corporation announced the availability of its 4-port Gigabit Ethernet PHY on UMC's 28HPC+ process. This silicon-proven GPHY features an SAR ADC for superior PPA advantages and an advanced digital algorithm that significantly enhances SNR (signal-to-noise ratio). Designed to meet the growing demands for highly integrated SoC solutions in networking, consumer, and industrial automation applications, Faraday's latest offering aims to expedite product development while boosting performance. One key feature of this 28nm 4-port Gigabit EthernetPHY is its impressive 33% reduction in power consumption per port compared to the previous design. Additionally, its advanced DSP (digital signal processing) mitigates signal noise from multi-port crosstalk, improving signal quality with a notable 1-2 dB SNR enhancement compared to Faraday's 40nm 4-port GPHY. This GbE PHY supports various industry-standard protocols, including 1000BASE-T, 100BASE-TX, 10BASE-Te, 100BASE-FX, IEEE 802.3, 802.3u, 802.3ab, and ANSI X3.263-1995 (FDDI-TP-PMD). Furthermore, it seamlessly integrates with UMC's 3.3V and 1.8V I/O, making it an ideal choice for the 28HPC+ low-power SoC platform, ensuring exceptional power efficiency and performance.Reported Earnings • Oct 27Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: NT$1.42 (down from NT$2.41 in 3Q 2022). Revenue: NT$2.96b (down 8.7% from 3Q 2022). Net income: NT$353.9m (down 41% from 3Q 2022). Profit margin: 12% (down from 19% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. 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 57% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 26Faraday Technology Corporation Announces the Appointment of Li-Ying Li as Chief Internal AuditorFaraday Technology Corporation announced the appointment of Li-Ying Li as Chief internal auditor, effective October 24, 2023. Li-Ying Li is Senior Administrator of Faraday Technology Corporation.お知らせ • Oct 25Faraday Technology Corporation Approves to Establish the Nominating CommitteeThe Board of Directors of Faraday Technology Corporation approved to establish the Nominating Committee. Name of the new position holder: Chia-Tsung Hung; Bing-Kuan Luo; Wan-Fen Zhou. Resume of the new position holder: Chia-Tsung Hung, Chairman of Faraday Technology Corporation; Bing-Kuan Luo, Independent Director of Faraday Technology Corporation; Wan-Fen Zhou, Independent Director of Faraday Technology Corporation. Effective date of the new member is October 24, 2023.Valuation Update With 7 Day Price Move • Sep 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$298, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 635% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$278 per share.お知らせ • Sep 13Faraday Unveils 2.5D/3D Advanced Package Service for ChipletsFaraday Technology Corporation announced the launch of its 2.5D/3D advanced package service [1]. With an unique interposer manufacturing service for chiplets connection and close collaboration with top-tier foundry and OSAT suppliers to secure capacity, yield, quality, reliability, and schedule in production, Faraday assures seamless integration of multi-source dies, leading to project success. Faraday goes beyond technology by offering flexible business models tailored to each customer's unique 2.5D/3D package project needs. Positioned neutrally and strategically, Faraday enhances flexibility and efficiency in advanced package service for multi-source chiplets, packaging, and manufacturing. In a long-term partnership with leading semiconductor foundry UMC and premier OSAT vendors in Taiwan, Faraday is capable of supporting custom passive/active interposer manufacturing with TSV, and proficiently managing 2.5D/3D package logistics. Furthermore, Faraday deeps dive into package feasibility studies of chiplets and interposer based on the die information including die size, TSV, bump pitch and count, floorplan, substrate, power analysis, and thermal simulation. This comprehensive analysis not only comes up with an optimal package structure for each project in the early stage but also increases the success probability of the advanced package.お知らせ • Aug 18Faraday Technology Corporation Announces Infineon's SONOS eFlash is Fully Qualified on UMC's 40ULP ProcessFaraday Technology Corporation announced the successful qualification of Faraday’s Ariel™ IoT SoC with UMC’s 40nm ultra-low-power (40ULP) process. Exclusively offering the SONOS eFlash solution on UMC’s 40ULP, Faraday aims at AIoT, MCU, and smart grid projects that necessitate superior performance and low-power consumption. Faraday’s Ariel SoC, implemented with SONOS eFlash macro, has successfully passed the reliability test with HTOL (High Temperature Operating Life Latent Failure Rate) of 1000 hours at 125°C, characterization of data retention at 125°C, and more than 100k cycles of endurance test. Through the extensive testing on real silicon under rigorous conditions, Infineon’s SONOS eFlash has been confirmed that it is a qualified eNVM solution on UMC’s 40ULP. In a strategic collaboration with UMC and Infineon, Faraday has rolled out the 40ULP SONOS eFlash ASIC turnkey service, which supports the SONOS subsystem IP, wafer manufacturing, chip packaging and testing; the SONOS subsystem IP includes eFlash controller, eFlash macro IP, complete BIST on eFlash, and additional cache functions for easy data access and control. Customers can simplify integration efforts for SONOS eFlash and proceed with mass production by utilizing the cost-effective eNVM solution on UMC 40ULP.New Risk • Aug 03New 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 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 26Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$1.66 (down from NT$2.66 in 2Q 2022). Revenue: NT$2.92b (down 13% from 2Q 2022). Net income: NT$413.8m (down 37% from 2Q 2022). Profit margin: 14% (down from 20% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 18% 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 increased by 67% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Jul 21Price target increased by 10% to NT$225Up from NT$204, the current price target is an average from 7 analysts. New target price is 41% below last closing price of NT$380. Stock is up 110% over the past year. The company is forecast to post earnings per share of NT$7.06 for next year compared to NT$9.88 last year.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$329, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 564% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$179 per share.お知らせ • Jul 12Faraday's Launches SerDes Advanced Service to Accelerate Asics into ProductionFaraday Technology Corporation launched its SerDes (serializer/deserializer) total solution comprises SerDes IP design on UMC 28nm and the corresponding IP advanced (IPA) service which includes IP subsystem integration, PHY hardcore implementation, and signal integrity/power integrity (SI/PI) analysis on the system with package and PCB design. Already, Faraday has successfully integrated the SerDes total solution into mass-produced ASICs for Fiber-to-the-Home (FttH), home gateways, Ethernet switches, SSD, industrial automation, and 5G baseband, and other applications. Combining silicon-proved SerDes IP with Faraday's IPA service speeds customer into mass production. That's because the IP subsystem integration reduces the time needed to perform IP verification of interface protocol function in the system and the PHY hardcore implementation ensures the interface performance based on the customer's dedicated configuration. Meanwhile, IPA service provides the PCB layout guideline and supports the SI/PI analysis to increase data transfer throughput without system error. Using in-house IC Automatic Test Equipment (ATE) and compliance measuring instruments, the IPA service can accelerate the testing flow at different temperatures in the lab for problem-solving before mass production.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 27%After last week's 27% share price gain to NT$251, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 416% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$179 per share.Price Target Changed • Jun 26Price target increased by 9.6% to NT$197Up from NT$179, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$202. Stock is up 2.0% over the past year. The company is forecast to post earnings per share of NT$7.08 for next year compared to NT$9.88 last year.Upcoming Dividend • Jun 08Upcoming dividend of NT$5.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 18 July 2023. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.2%).Reported Earnings • Apr 30First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: NT$2.02 (down from NT$2.70 in 1Q 2022). Revenue: NT$3.26b (up 1.7% from 1Q 2022). Net income: NT$501.9m (down 25% from 1Q 2022). Profit margin: 15% (down from 21% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 28Price target decreased by 8.5% to NT$192Down from NT$210, the current price target is an average from 6 analysts. New target price is 17% above last closing price of NT$164. Stock is down 37% over the past year. The company is forecast to post earnings per share of NT$8.63 for next year compared to NT$9.88 last year.Price Target Changed • Apr 27Price target decreased by 8.5% to NT$192Down from NT$210, the current price target is an average from 6 analysts. New target price is 21% above last closing price of NT$159. Stock is down 39% over the past year. The company is forecast to post earnings per share of NT$8.63 for next year compared to NT$9.88 last year.Valuation Update With 7 Day Price Move • Apr 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$159, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 287% over the past three years.Major Estimate Revision • Apr 26Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$13.8b to NT$12.1b. EPS estimate fell from NT$9.76 to NT$8.94 per share. Net income forecast to shrink 29% next year vs 23% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$210 to NT$196. Share price fell 9.3% to NT$171 over the past week.Price Target Changed • Feb 23Price target increased by 8.3% to NT$190Up from NT$176, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$189. Stock is down 24% over the past year. The company is forecast to post earnings per share of NT$9.69 for next year compared to NT$9.88 last year.Reported Earnings • Feb 22Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$9.88 (up from NT$4.65 in FY 2021). Revenue: NT$13.1b (up 62% from FY 2021). Net income: NT$2.45b (up 112% from FY 2021). Profit margin: 19% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$195, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 335% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Wan-Fen Zhou was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.業績と収益の成長予測TWSE:3035 - 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12/31/202821,1292,1562,5882,760212/31/202716,6731,5192,2242,933812/31/202612,7598741,0381,56493/31/202613,1444892,2793,001N/A12/31/202517,993731266930N/A9/30/202518,1387601,1951,859N/A6/30/202517,7878721,2971,980N/A3/31/202515,9241,107-552485N/A12/31/202411,0651,0411,8822,901N/A9/30/202410,9361,1251,9622,999N/A6/30/202411,0141,2151,9433,105N/A3/31/202411,2821,3682,8143,496N/A12/31/202311,9661,5892,3413,007N/A9/30/202312,3921,7941,4862,193N/A6/30/202312,6732,0391,6552,237N/A3/31/202313,1212,287315929N/A12/31/202213,0652,4557271,200N/A9/30/202212,4602,4091,9552,350N/A6/30/202211,4342,1372,0892,390N/A3/31/20229,7571,6562,5832,850N/A12/31/20218,0851,1562,1702,506N/A9/30/20216,8717011,6671,944N/A6/30/20216,1464369371,216N/A3/31/20215,7653999831,268N/A12/31/20205,495268390701N/A9/30/20205,467294574910N/A6/30/20205,566378275732N/A3/31/20205,474291414735N/A12/31/20195,306348N/A854N/A9/30/20195,256377N/A425N/A6/30/20195,070318N/A442N/A3/31/20194,959290N/A250N/A12/31/20184,905263N/A302N/A9/30/20184,684226N/A390N/A6/30/20184,546263N/A727N/A3/31/20184,953384N/A1,098N/A12/31/20175,343260N/A1,267N/A9/30/20175,469269N/A1,432N/A6/30/20175,512218N/A1,186N/A3/31/20175,427168N/A735N/A12/31/20165,260301N/A201N/A9/30/20165,625174N/A112N/A6/30/20165,904270N/A208N/A3/31/20166,229349N/A238N/A12/31/20156,578461N/A684N/A9/30/20156,419708N/A1,133N/A6/30/20156,202674N/A947N/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: 3035の予測収益成長率 (年間47.5% ) は 貯蓄率 ( 1.3% ) を上回っています。収益対市場: 3035の収益 ( 47.5% ) 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: 3035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: 3035の収益 ( 16.4% ) TW市場 ( 18.6% ) よりも低い成長が予測されています。高い収益成長: 3035の収益 ( 16.4% ) 20%よりも低い成長が予測されています。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: 3035の 自己資本利益率 は、3年後には低くなると予測されています ( 13.8 %)。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 19:12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Faraday Technology Corporation 9 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。12 アナリスト機関Mike YangBofA Global ResearchHaas LiuBofA Global ResearchLiyen ChenCapital Securities Corporation9 その他のアナリストを表示
Major Estimate Revision • Apr 29Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$13.0b to NT$12.7b. EPS estimate also fell from NT$4.31 per share to NT$3.77 per share. Net income forecast to grow 20% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target of NT$173 unchanged from last update. Share price fell 5.9% to NT$169 over the past week.
Price Target Changed • Mar 13Price target decreased by 7.2% to NT$159Down from NT$172, the current price target is an average from 7 analysts. New target price is 5.1% above last closing price of NT$152. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$4.31 for next year compared to NT$2.81 last year.
Major Estimate Revision • Feb 11Consensus revenue estimates decrease by 18%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from NT$15.4b to NT$12.6b. EPS estimate unchanged at NT$5.98 per share. Net income forecast to grow 14% next year vs 39% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$170 to NT$165. Share price was steady at NT$162 over the past week.
Major Estimate Revision • Oct 29Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$19.0b to NT$18.2b. EPS estimate also fell from NT$2.91 per share to NT$2.07 per share. Net income forecast to grow 26% next year vs 27% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$172. Share price rose 3.7% to NT$185 over the past week.
Price Target Changed • Aug 01Price target decreased by 9.4% to NT$217Down from NT$240, the current price target is an average from 8 analysts. New target price is 38% above last closing price of NT$157. Stock is down 45% over the past year. The company is forecast to post earnings per share of NT$2.79 for next year compared to NT$4.04 last year.
Major Estimate Revision • Jul 30Consensus EPS estimates fall by 52%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$20.2b to NT$19.0b. EPS estimate also fell from NT$6.05 per share to NT$2.88 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$231. Share price fell 13% to NT$157 over the past week.
Reported Earnings • May 19First quarter 2026 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2026 results: EPS: NT$0.40 (down from NT$1.33 in 1Q 2025). Revenue: NT$2.59b (down 65% from 1Q 2025). Net income: NT$104.3m (down 70% from 1Q 2025). Profit margin: 4.0% (down from 4.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% 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 fallen by 44% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$196, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$134 per share.
Major Estimate Revision • Apr 29Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$13.0b to NT$12.7b. EPS estimate also fell from NT$4.31 per share to NT$3.77 per share. Net income forecast to grow 20% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target of NT$173 unchanged from last update. Share price fell 5.9% to NT$169 over the past week.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$175, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 5.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$84.16 per share.
お知らせ • Apr 14Faraday Technology Corporation Delivers Ip Solutions to Enable Endpoint Ai Based on Umc’S 28Nm Sst EflashFaraday Technology Corporation announced its IP solutions on the UMC’s 28nm platform with SST-ESF4 eNVM, designed to enable next-generation MCU and AIoT SoCs targeting endpoint AI applications. The comprehensive IP solution integrates SST eFlash controller and BIST, together with silicon-proven analog and high-speed interface PHY IPs, providing a stable and production-ready foundation for low-power, high-performance endpoint AI designs. Built on Faraday’s extensive 28nm design and silicon experience, the IP solutions go beyond IP delivery to offer end-to-end eFlash enablement, including characterization, verification, test-chip support, and production readiness. By consolidating peripheral and analog IPs, such as SRAM, USB, PLL, ADC/DAC, RTC library, temperature sensor, OSC and generic IO, etc., Faraday helps customers enhance test coverage, improve manufacturing yield, and accelerate production ramp-up. The solution also extends Faraday’s proven success from 55nm SST to 28nm SST, enabling a smooth, low-risk transition with improved performance and power efficiency.
お知らせ • Mar 24Faraday Technology Corporation Highlights 40nm SONOS Embedded Non-Volatile Memory Solution As Nor Flash Alternative For MCU DesignsFaraday Technology Corporation highlighted its 40uLP SONOS embedded non-volatile memory (eNVM) solution, offering MCU vendors a cost-efficient alternative to NOR Flash while ensuring stable memory supply for long-lifecycle applications. As AI adoption accelerates, demand from AI servers and networking systems is tightening supply for consumer DRAM, NAND, and NOR Flash while increasing memory content per system. With long lead times for capacity expansion, the NOR Flash market faces structural supply constraints and price pressure. In many SiP-based MCU solutions, reliance on external NOR Flash can introduce supply chain risks and cost fluctuations. Built on UMC’s 40uLP platform, Faraday’s SONOS eNVM solution requires only a few additional masks, helping reduce manufacturing cost. The solution is supported by Faraday’s 40uLP SONOS subsystem for easy integration and use; in addition, the testing circuit is included to ensure eNVM quality in mass production. With several successful mass-production track records in both industrial and consumer MCU applications, Faraday’s SONOS eNVM ASIC solution demonstrates proven maturity and reliability.
Price Target Changed • Mar 13Price target decreased by 7.2% to NT$159Down from NT$172, the current price target is an average from 7 analysts. New target price is 5.1% above last closing price of NT$152. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$4.31 for next year compared to NT$2.81 last year.
お知らせ • Mar 03Faraday Technology Corporation Expands IP Offerings On UMC’s 14nm Process For Edge AI And Consumer MarketsFaraday Technology Corporation announced the continued expansion of its IP product lines on UMC’s 14nm FinFET Compact (14FCC) platform, covering USB 2.0/USB 3.2 Gen1 PHY, LVDS TX/RX I/O, DDR 3/4 combo PHY (up to 4.2 Gbps), and LPDDR 4/4X/5 PHY (up to 6.4 Gbps). Leveraging UMC’s 14nm platform, these IP solutions deliver an ideal balance of performance, power consumption, and cost, making them well suited for applications such as industrial control, AIoT, networking, smart displays, multi-function printers (MFP), and edge AI. Faraday continues building out its IP solutions on UMC’s 14nm node. All these IPs are silicon-proven to ensure production-quality, significantly reducing design risk while assisting designers in shortening development cycles and effectively managing design and manufacturing costs. For edge AI applications, Faraday’s fabless OSAT Service provides advanced 2.5D/3D packaging options, including memory controller and I/O integration, to meet the high-bandwidth and capacity requirements of AI computing and further enhance overall system-performance.
お知らせ • Feb 11Faraday Technology Corporation, Annual General Meeting, May 25, 2026Faraday Technology Corporation, Annual General Meeting, May 25, 2026. Location: no,5, li hsing 3rd rd., hsinchu science park, hsinchu city Taiwan
Major Estimate Revision • Feb 11Consensus revenue estimates decrease by 18%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from NT$15.4b to NT$12.6b. EPS estimate unchanged at NT$5.98 per share. Net income forecast to grow 14% next year vs 39% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$170 to NT$165. Share price was steady at NT$162 over the past week.
New Risk • Jan 16New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 103% Dividend yield: 1.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Dividend is not well covered by earnings (103% payout ratio). Profit margins are more than 30% lower than last year (4.2% net profit margin).
Reported Earnings • Nov 03Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: NT$0.58 (down from NT$1.01 in 3Q 2024). Revenue: NT$3.24b (up 12% from 3Q 2024). Net income: NT$151.7m (down 43% from 3Q 2024). Profit margin: 4.7% (down from 9.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 9.5% 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 40% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Major Estimate Revision • Oct 29Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$19.0b to NT$18.2b. EPS estimate also fell from NT$2.91 per share to NT$2.07 per share. Net income forecast to grow 26% next year vs 27% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$172. Share price rose 3.7% to NT$185 over the past week.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$174, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$299 per share.
Price Target Changed • Aug 01Price target decreased by 9.4% to NT$217Down from NT$240, the current price target is an average from 8 analysts. New target price is 38% above last closing price of NT$157. Stock is down 45% over the past year. The company is forecast to post earnings per share of NT$2.79 for next year compared to NT$4.04 last year.
Reported Earnings • Jul 31Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$0.099 (down from NT$1.00 in 2Q 2024). Revenue: NT$4.51b (up 70% from 2Q 2024). Net income: NT$25.8m (down 90% from 2Q 2024). Profit margin: 0.6% (down from 9.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Major Estimate Revision • Jul 30Consensus EPS estimates fall by 52%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$20.2b to NT$19.0b. EPS estimate also fell from NT$6.05 per share to NT$2.88 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$231. Share price fell 13% to NT$157 over the past week.
お知らせ • Jul 22Faraday Technology Corporation Delivers DDR/LPDDR Combo PHY IP Solutions on UMC's 22ULP and 14FFCFaraday Technology Corporation announced the availability of its DDR/LPDDR combo PHY, supporting from 3rd to 5th-generation on UMC's 22ULP and 14FFC platforms, which are UMC's planar and FinFET process technologies. Faraday continues its long-standing commitment to delivering in-house IP solutions optimized to better serve the ASIC market. Faraday's DDR/LPDDR IP solutions feature robust, silicon-proven designs widely adopted in ASIC projects across diverse SoC applications. Full compliance with JEDEC specifications ensures seamless compatibility and allows for flexible performance and power optimization. The 22ULP PHY supports low operating voltage at 0.8V, making it ideal for power-sensitive applications such as mobile, 5G, and IoT devices. The 14nm PHY supports transmission rate up to 6400Mbps for DDR5/LPDDR5 and includes advanced features such as self-training mechanisms, expedance calibration, and DFE.
お知らせ • Jun 24Faraday Technology Corporation Delivers Latest SerDes IP to Complete Interface Lineup on UMC's 22nm PlatformFaraday Technology Corporation announced the availability of its 10G SerDes IP on UMC's 22nm process technology. Designed to meet the increasing demands of high-speed data transmission, the new SerDes IP supports a broad range of industry-standard protocols and is optimized for applications in industrial automation, AIoT, 5G modems, fiber-to-the-home (FTTH), and advanced networking. Faraday has been delivering robust and high-performance SerDes solutions since 2013. Its latest 10G SerDes IP is compliant with multiple key protocols, including PCIe Gen1/2/3, USB 3.2 Gen1/2, and xPON standards. Specifically, it supports various passive optical network (PON) technologies such as 10G-EPON, EPON, XGPON, XGSPON, and GPON, making it highly versatile for integration into optical network unit (ONU) designs. To further accelerate product development and reduce integration risks, Faraday also offers comprehensive IP customization and design services. These include subsystem integration, hardcore implementation, and signal/power integrity (SI/PI) analysis at both the package and PCB levels. This holistic approach enables customers to streamline their design process and shorten time-to-market.
お知らせ • Jun 10Faraday Technology Corporation Unveils FlashKit-22RRAM: an eNVM-Based SoC Development Platform for IoTFaraday Technology Corporation introduced its latest FlashKit development platform, FlashKit-22RRAM, designed to accelerate high-performance IoT and MCU applications. Built on UMC's 22ULP process, FlashKit-22RRam combines embedded Resistive RAM (RRAM, ReRAM) technology with a rich IP ecosystem and development-ready support, providing a cost-effective and power-efficient SoC solution for edge devices. The FlashKit-22RRAM platform integrates a full-featured RRAM subsystem with DWORD access, delivering comparable performance with SST eFlash. This solution minimizes extra-mask requirements, making it highly suitable for consumer-grade eNVM applications, such as AIoT, smart home, wearables, and portable devices. It is silicon proven and fully prepared to support customers' fast ramp-up to volume production on UMC's 22UL P node. FlashKit-22RRAM supports embedded CPU options including ARM Cortex-M7 and VeeR EH1 RISC-V, and integrates a comprehensive set of integrated IPs such as USB 3.0 Type-C, GMAC, and PLL. A built-in RRAM controller with built-in self-test (BIST) ensures streamlined data access and high production reliability. In additional, embedded FPGA (eFPGA) block is included for enhanced design flexibility and enabling post-silicon logic change, EO, or GPIO re-assignment.
New Risk • Jun 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 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (7.0% net profit margin).
Declared Dividend • May 31Dividend reduced to NT$3.00Dividend of NT$3.00 is 30% lower than last year. Ex-date: 17th June 2025 Payment date: 18th July 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. 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. EPS is expected to grow by 142% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 24Faraday Technology Corporation Approves Cash Dividend for the Year 2024Faraday Technology Corporation at its shareholders meeting held on May 23, 2025, approved cash dividend of TWD 3.0 per share for the year 2024.
Reported Earnings • Apr 26First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$1.33 (up from NT$1.13 in 1Q 2024). Revenue: NT$7.44b (up 188% from 1Q 2024). Net income: NT$346.2m (up 24% from 1Q 2024). Profit margin: 4.7% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 20% 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 27% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Price Target Changed • Apr 23Price target decreased by 7.6% to NT$243Down from NT$263, the current price target is an average from 9 analysts. New target price is 36% above last closing price of NT$178. Stock is down 40% over the past year. The company is forecast to post earnings per share of NT$6.02 for next year compared to NT$4.04 last year.
お知らせ • Apr 15Faraday Technology Corporation to Report Q1, 2025 Results on Apr 22, 2025Faraday Technology Corporation announced that they will report Q1, 2025 results on Apr 22, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to NT$173, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$137 per share.
New Risk • Mar 31New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$4.04 (down from NT$6.40 in FY 2023). Revenue: NT$11.1b (down 7.5% from FY 2023). Net income: NT$1.04b (down 35% from FY 2023). Profit margin: 9.4% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 1.7%. Revenue is forecast to grow 25% 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 only fallen by 9% per year, which means it has not declined as severely as earnings.
分析記事 • Feb 28We Think You Can Look Beyond Faraday Technology's (TWSE:3035) Lackluster EarningsSoft earnings didn't appear to concern Faraday Technology Corporation's ( TWSE:3035 ) shareholders over the last week...
お知らせ • Feb 24Faraday Technology Corporation, Annual General Meeting, May 23, 2025Faraday Technology Corporation, Annual General Meeting, May 23, 2025. Location: no,5, li hsing 3rd rd., hsinchu science park, hsinchu city Taiwan
Reported Earnings • Feb 24Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$4.04 (down from NT$6.40 in FY 2023). Revenue: NT$11.1b (down 7.5% from FY 2023). Net income: NT$1.04b (down 35% from FY 2023). Profit margin: 9.4% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 1.7%. Revenue is forecast to grow 29% 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 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
分析記事 • Feb 23News Flash: Analysts Just Made An Incredible Upgrade To Their Faraday Technology Corporation (TWSE:3035) ForecastsFaraday Technology Corporation ( TWSE:3035 ) shareholders will have a reason to smile today, with the analysts making...
お知らせ • Feb 22Faraday Technology Corporation Approves Cash Dividend for Year 2024Faraday Technology Corporation approved cash dividend of TWD 3.0 per share for year 2024. Total amount of cash distributed to shareholders: TWD 781,650,939. Par value of common stock: TWD 10.
分析記事 • Feb 16Is It Time To Consider Buying Faraday Technology Corporation (TWSE:3035)?While Faraday Technology Corporation ( TWSE:3035 ) might not have the largest market cap around , it received a lot of...
お知らせ • Feb 14Faraday Technology Corporation to Report Fiscal Year 2024 Results on Feb 21, 2025Faraday Technology Corporation announced that they will report fiscal year 2024 results on Feb 21, 2025
Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$205, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 5.1% over the past three years.
分析記事 • Jan 05Faraday Technology Corporation's (TWSE:3035) P/E Still Appears To Be ReasonableFaraday Technology Corporation's ( TWSE:3035 ) price-to-earnings (or "P/E") ratio of 54.1x might make it look like a...
分析記事 • Dec 17Returns At Faraday Technology (TWSE:3035) Appear To Be Weighed DownWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
分析記事 • Oct 31Earnings Miss: Faraday Technology Corporation Missed EPS By 19% And Analysts Are Revising Their ForecastsShareholders might have noticed that Faraday Technology Corporation ( TWSE:3035 ) filed its quarterly result this time...
Reported Earnings • Oct 31Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.01 (down from NT$1.42 in 3Q 2023). Revenue: NT$2.88b (down 2.6% from 3Q 2023). Net income: NT$264.0m (down 25% from 3Q 2023). Profit margin: 9.2% (down from 12% in 3Q 2023). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 34% 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 2% 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 • Oct 30Faraday Technology Corporation Unveils HiSpeedKit™?-HS Platform for High-Speed Interface IP Verification in SoCsFaraday Technology Corporation announced the launch of its latest SoC platform, HiSpeedKit-HS, designed to enhance and streamline the verification process for high-speed interface IP subsystems. The platform supports Faraday's and third-party controller IP solutions, enabling comprehensive hardware and software verification through FPGA integrated with HiSpeedKit-HS. The HiSpeedKit-HS platform allows interface IP verification thorough integration and testing within a realistic SoC environment. It features holistic components, including ARM Cortex®? A53 and the high-speed interface IP test chips of Faraday's DDR 4 PHY, PCIe Gen 4 PHY, and Gigabyte Ethernet PHY. In addition to verification in SoCs, the collocated controller is further integrated to ensure the integrity and quality of the high-speed interface subsystem, reduce future integration risks, accelerate time-to-market, and provide early-stage performance simulation across diverse software system applications.
Price Target Changed • Oct 30Price target decreased by 8.0% to NT$342Down from NT$372, the current price target is an average from 9 analysts. New target price is 45% above last closing price of NT$235. Stock is down 22% over the past year. The company is forecast to post earnings per share of NT$4.20 for next year compared to NT$6.39 last year.
Major Estimate Revision • Oct 30Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$11.7b to NT$11.1b. EPS estimate also fell from NT$5.53 per share to NT$4.20 per share. Net income forecast to grow 47% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$372 to NT$342. Share price fell 12% to NT$235 over the past week.
New Risk • Oct 25New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 93% Dividend yield: 1.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Dividend is not well covered by earnings (93% payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (4.8% increase in shares outstanding).
お知らせ • Oct 22Faraday Technology Corporation to Report Q3, 2024 Results on Oct 29, 2024Faraday Technology Corporation announced that they will report Q3, 2024 results on Oct 29, 2024
お知らせ • Oct 08Faraday Technology Corporation and Kiwimoore Announces Their Jointly Developed 2.5D Packaging Platform Successfully Enters the Mass Production StageFaraday Technology Corporation and Kiwimoore announced that their jointly developed 2.5D packaging platform has successfully entered the mass production stage. The one-stop advanced packaging platform and service developed through collaboration between Faraday and Kiwimoore, which incorporates Kiwimoore’s Chiplet interconnect and NDSA (network domain specific accelerator) solutions, highlight the significant achievements both companies have made in the Chiplet market. Faraday effectively integrates multi-source Chiplets from different semiconductor manufacturers, covering compute dies, HBM design and production. Kiwimoore, on the other hand, provides various Chiplets including a high-performance 3D general-purpose base die, high-speed IO die, and high-performance NDSA; these can be customized and integrated according to specific customer needs. The two companies work together to offer comprehensive Chiplet SoC/interposer design integration, testing and analysis, outsourced procurement, and production planning services. This comprehensive solution accelerates system-level product design integration, allowing customers to focus on core die development, thereby shortening design cycles and reducing R&D costs.
分析記事 • Sep 06What Is Faraday Technology Corporation's (TWSE:3035) Share Price Doing?Faraday Technology Corporation ( TWSE:3035 ), might not be a large cap stock, but it saw a decent share price growth of...
Major Estimate Revision • Aug 06Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$12.0b to NT$11.8b. EPS estimate also fell from NT$6.45 per share to NT$5.51 per share. Net income forecast to grow 68% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$379. Share price fell 23% to NT$238 over the past week.
Reported Earnings • Jul 31Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$1.00 (down from NT$1.67 in 2Q 2023). Revenue: NT$2.65b (down 9.2% from 2Q 2023). Net income: NT$261.0m (down 37% from 2Q 2023). Profit margin: 9.9% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 27% 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 13% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Jul 29Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.9% to NT$289. The fair value is estimated to be NT$368, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 143% in the next 2 years.
お知らせ • Jul 23+ 1 more updateFaraday Adds Video Interface IP to Support All Advanced Planar Nodes on UMC PlatformFaraday Technology Corporation announced that its MIPI D-PHY and V-by-One (VBO) PHY IP portfolios now support processes that range from 55nm to 22nm on UMC platform. Faraday has shipped over 100 million video interface IP solutions for AIoT, industrial, consumer, and automotive applications, which includes ASIC and IP business models. Faraday’s newly released MIPI D-PHY IP on 22nm features a low operating voltage of 0.8V, resulting in a 12% reduction in power consumption and a 10% decrease in chip area compared to its 28nm predecessor. Additionally, the solution includes multiple-TX-lanes with data rates ranging from 80Mbps to 2.5Gbps per lane for high frame rate video, offers customizable combo IO for various video RX interfaces, and provides flexible data and clock lane configurations to accommodate diverse device interfaces. Faraday’s V-by-One HS PHY IP on 22nm complies with V-by-One HS V1.4/1.5 standards for transmitter and receiver and supports data rates from 600Mbps to 4Gbps per lane. It reduces power consumption by 20% while operating at 0.8V and decreases chip area by 30% compared to its 28nm predecessor. In addition, the PHY IP supports scrambling and clock data recovery (CDR), effectively addressing the skew issue and reducing EMI.
分析記事 • Jul 18Faraday Technology Corporation's (TWSE:3035) Popularity With Investors Is ClearFaraday Technology Corporation's ( TWSE:3035 ) price-to-earnings (or "P/E") ratio of 63.2x might make it look like a...
Upcoming Dividend • Jun 19Upcoming dividend of NT$4.29 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 26 July 2024. Payout ratio is on the higher end at 82%, however this is 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 13Faraday Technology (TWSE:3035) Will Pay A Smaller Dividend Than Last YearFaraday Technology Corporation ( TWSE:3035 ) has announced that on 26th of July, it will be paying a dividend...
Declared Dividend • Jun 13Dividend reduced to NT$4.29Dividend of NT$4.29 is 14% lower than last year. Ex-date: 26th June 2024 Payment date: 26th July 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 185% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 13Faraday Technology Corporation Announces Changes to Compensation and Remuneration CommitteeFaraday Technology Corporation announced changes to Compensation and Remuneration Committee. Name of the previous position holder: Ning-Hai Jin, Bing-Kuan Luo, Wan-Fen Zhou. Resume of the previous position holder: Ning-Hai Jin, Independent Director, Faraday Technology Corporation. Name of the new position holder: Bing-Kuan Luo, Wan-Fen Zhou, Li-Ying Yeh. Resume of the new position holder: Bing-Kuan Luo,Independent Director, Faraday Technology Corporation. Wan-Fen Zhou, Independent Director, Faraday Technology Corporation. Li-Ying Yeh,Independent Director, Faraday Technology Corporation. Circumstances of change: Term expired. Effective date of the new member is June 11, 2024. Original term is from July 8, 2021 to May 29, 2024.
分析記事 • Jun 05Faraday Technology's (TWSE:3035) Soft Earnings Are Actually Better Than They AppearSoft earnings didn't appear to concern Faraday Technology Corporation's ( TWSE:3035 ) shareholders over the last week...
お知らせ • May 30Faraday Technology Corporation Approves Cash Dividend for the year 2023Faraday Technology Corporation announced that at the cash dividend shareholders meeting held on May 29, 2024, approved cash dividend of TWD 4.5 per share for the year 2023.
Major Estimate Revision • Apr 25Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$13.4b to NT$12.0b. EPS estimate fell from NT$8.29 to NT$6.45 per share. Net income forecast to grow 40% next year vs 27% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$427 to NT$352. Share price fell 13% to NT$279 over the past week.
Reported Earnings • Apr 24First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: NT$1.13 (down from NT$2.02 in 1Q 2023). Revenue: NT$2.58b (down 21% from 1Q 2023). Net income: NT$280.3m (down 44% from 1Q 2023). Profit margin: 11% (down from 15% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 23% 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 increased by 28% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 20Faraday Technology Corporation to Report Q1, 2024 Results on Apr 23, 2024Faraday Technology Corporation announced that they will report Q1, 2024 results on Apr 23, 2024
お知らせ • Feb 25Faraday Technology Corporation announced that it expects to receive TWD 96 million in fundingFaraday Technology Corporation announced a private placement of 9,600,000 shares at a price of TWD 10 per share for the gross proceeds of TWD 96,000,000 on February 23, 2024. The transaction has been approved by the shareholders of the company and is expected to close from March 20, 2024 to March 26, 2024.
Major Estimate Revision • Feb 21Consensus EPS estimates fall by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$14.7b to NT$13.3b. EPS estimate also fell from NT$10.90 per share to NT$8.08 per share. Net income forecast to grow 26% next year vs 23% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$423. Share price fell 9.1% to NT$380 over the past week.
お知らせ • Feb 21Faraday Technology Corporation, Annual General Meeting, May 29, 2024Faraday Technology Corporation, Annual General Meeting, May 29, 2024. Location: No.5,Li-Hsin Rd.III,Hsinchu Science Park Hsin-Chu City Taiwan Agenda: To consider The 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider The distribution of employees' bonus and Directors 'remuneration in 2023; to report 2023 directors' compensation; and to consider other matters.
Reported Earnings • Feb 21Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$6.39 (down from NT$9.88 in FY 2022). Revenue: NT$12.0b (down 8.4% from FY 2022). Net income: NT$1.59b (down 35% from FY 2022). Profit margin: 13% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 21Faraday Technology Corporation Announces DividendFaraday Technology Corporation announcement of the Dividend Distribution has been approved by the Board of Directors. Appropriations of earnings in cash dividends to shareholders: TWD 4.5 per share. Total amount of cash distributed to shareholders TWD 1,118,476,409.
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$391, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 648% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$327 per share.
お知らせ • Nov 17Faraday Technology Corporation Unveils Enhanced Gigabit Ethernet PHY on UMC's 28HPC+ ProcessFaraday Technology Corporation announced the availability of its 4-port Gigabit Ethernet PHY on UMC's 28HPC+ process. This silicon-proven GPHY features an SAR ADC for superior PPA advantages and an advanced digital algorithm that significantly enhances SNR (signal-to-noise ratio). Designed to meet the growing demands for highly integrated SoC solutions in networking, consumer, and industrial automation applications, Faraday's latest offering aims to expedite product development while boosting performance. One key feature of this 28nm 4-port Gigabit EthernetPHY is its impressive 33% reduction in power consumption per port compared to the previous design. Additionally, its advanced DSP (digital signal processing) mitigates signal noise from multi-port crosstalk, improving signal quality with a notable 1-2 dB SNR enhancement compared to Faraday's 40nm 4-port GPHY. This GbE PHY supports various industry-standard protocols, including 1000BASE-T, 100BASE-TX, 10BASE-Te, 100BASE-FX, IEEE 802.3, 802.3u, 802.3ab, and ANSI X3.263-1995 (FDDI-TP-PMD). Furthermore, it seamlessly integrates with UMC's 3.3V and 1.8V I/O, making it an ideal choice for the 28HPC+ low-power SoC platform, ensuring exceptional power efficiency and performance.
Reported Earnings • Oct 27Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: NT$1.42 (down from NT$2.41 in 3Q 2022). Revenue: NT$2.96b (down 8.7% from 3Q 2022). Net income: NT$353.9m (down 41% from 3Q 2022). Profit margin: 12% (down from 19% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. 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 57% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 26Faraday Technology Corporation Announces the Appointment of Li-Ying Li as Chief Internal AuditorFaraday Technology Corporation announced the appointment of Li-Ying Li as Chief internal auditor, effective October 24, 2023. Li-Ying Li is Senior Administrator of Faraday Technology Corporation.
お知らせ • Oct 25Faraday Technology Corporation Approves to Establish the Nominating CommitteeThe Board of Directors of Faraday Technology Corporation approved to establish the Nominating Committee. Name of the new position holder: Chia-Tsung Hung; Bing-Kuan Luo; Wan-Fen Zhou. Resume of the new position holder: Chia-Tsung Hung, Chairman of Faraday Technology Corporation; Bing-Kuan Luo, Independent Director of Faraday Technology Corporation; Wan-Fen Zhou, Independent Director of Faraday Technology Corporation. Effective date of the new member is October 24, 2023.
Valuation Update With 7 Day Price Move • Sep 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$298, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 635% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$278 per share.
お知らせ • Sep 13Faraday Unveils 2.5D/3D Advanced Package Service for ChipletsFaraday Technology Corporation announced the launch of its 2.5D/3D advanced package service [1]. With an unique interposer manufacturing service for chiplets connection and close collaboration with top-tier foundry and OSAT suppliers to secure capacity, yield, quality, reliability, and schedule in production, Faraday assures seamless integration of multi-source dies, leading to project success. Faraday goes beyond technology by offering flexible business models tailored to each customer's unique 2.5D/3D package project needs. Positioned neutrally and strategically, Faraday enhances flexibility and efficiency in advanced package service for multi-source chiplets, packaging, and manufacturing. In a long-term partnership with leading semiconductor foundry UMC and premier OSAT vendors in Taiwan, Faraday is capable of supporting custom passive/active interposer manufacturing with TSV, and proficiently managing 2.5D/3D package logistics. Furthermore, Faraday deeps dive into package feasibility studies of chiplets and interposer based on the die information including die size, TSV, bump pitch and count, floorplan, substrate, power analysis, and thermal simulation. This comprehensive analysis not only comes up with an optimal package structure for each project in the early stage but also increases the success probability of the advanced package.
お知らせ • Aug 18Faraday Technology Corporation Announces Infineon's SONOS eFlash is Fully Qualified on UMC's 40ULP ProcessFaraday Technology Corporation announced the successful qualification of Faraday’s Ariel™ IoT SoC with UMC’s 40nm ultra-low-power (40ULP) process. Exclusively offering the SONOS eFlash solution on UMC’s 40ULP, Faraday aims at AIoT, MCU, and smart grid projects that necessitate superior performance and low-power consumption. Faraday’s Ariel SoC, implemented with SONOS eFlash macro, has successfully passed the reliability test with HTOL (High Temperature Operating Life Latent Failure Rate) of 1000 hours at 125°C, characterization of data retention at 125°C, and more than 100k cycles of endurance test. Through the extensive testing on real silicon under rigorous conditions, Infineon’s SONOS eFlash has been confirmed that it is a qualified eNVM solution on UMC’s 40ULP. In a strategic collaboration with UMC and Infineon, Faraday has rolled out the 40ULP SONOS eFlash ASIC turnkey service, which supports the SONOS subsystem IP, wafer manufacturing, chip packaging and testing; the SONOS subsystem IP includes eFlash controller, eFlash macro IP, complete BIST on eFlash, and additional cache functions for easy data access and control. Customers can simplify integration efforts for SONOS eFlash and proceed with mass production by utilizing the cost-effective eNVM solution on UMC 40ULP.
New Risk • Aug 03New 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 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 26Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$1.66 (down from NT$2.66 in 2Q 2022). Revenue: NT$2.92b (down 13% from 2Q 2022). Net income: NT$413.8m (down 37% from 2Q 2022). Profit margin: 14% (down from 20% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 18% 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 increased by 67% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Jul 21Price target increased by 10% to NT$225Up from NT$204, the current price target is an average from 7 analysts. New target price is 41% below last closing price of NT$380. Stock is up 110% over the past year. The company is forecast to post earnings per share of NT$7.06 for next year compared to NT$9.88 last year.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$329, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 564% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$179 per share.
お知らせ • Jul 12Faraday's Launches SerDes Advanced Service to Accelerate Asics into ProductionFaraday Technology Corporation launched its SerDes (serializer/deserializer) total solution comprises SerDes IP design on UMC 28nm and the corresponding IP advanced (IPA) service which includes IP subsystem integration, PHY hardcore implementation, and signal integrity/power integrity (SI/PI) analysis on the system with package and PCB design. Already, Faraday has successfully integrated the SerDes total solution into mass-produced ASICs for Fiber-to-the-Home (FttH), home gateways, Ethernet switches, SSD, industrial automation, and 5G baseband, and other applications. Combining silicon-proved SerDes IP with Faraday's IPA service speeds customer into mass production. That's because the IP subsystem integration reduces the time needed to perform IP verification of interface protocol function in the system and the PHY hardcore implementation ensures the interface performance based on the customer's dedicated configuration. Meanwhile, IPA service provides the PCB layout guideline and supports the SI/PI analysis to increase data transfer throughput without system error. Using in-house IC Automatic Test Equipment (ATE) and compliance measuring instruments, the IPA service can accelerate the testing flow at different temperatures in the lab for problem-solving before mass production.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 27%After last week's 27% share price gain to NT$251, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 416% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$179 per share.
Price Target Changed • Jun 26Price target increased by 9.6% to NT$197Up from NT$179, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$202. Stock is up 2.0% over the past year. The company is forecast to post earnings per share of NT$7.08 for next year compared to NT$9.88 last year.
Upcoming Dividend • Jun 08Upcoming dividend of NT$5.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 18 July 2023. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.2%).
Reported Earnings • Apr 30First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: NT$2.02 (down from NT$2.70 in 1Q 2022). Revenue: NT$3.26b (up 1.7% from 1Q 2022). Net income: NT$501.9m (down 25% from 1Q 2022). Profit margin: 15% (down from 21% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 28Price target decreased by 8.5% to NT$192Down from NT$210, the current price target is an average from 6 analysts. New target price is 17% above last closing price of NT$164. Stock is down 37% over the past year. The company is forecast to post earnings per share of NT$8.63 for next year compared to NT$9.88 last year.
Price Target Changed • Apr 27Price target decreased by 8.5% to NT$192Down from NT$210, the current price target is an average from 6 analysts. New target price is 21% above last closing price of NT$159. Stock is down 39% over the past year. The company is forecast to post earnings per share of NT$8.63 for next year compared to NT$9.88 last year.
Valuation Update With 7 Day Price Move • Apr 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$159, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 287% over the past three years.
Major Estimate Revision • Apr 26Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$13.8b to NT$12.1b. EPS estimate fell from NT$9.76 to NT$8.94 per share. Net income forecast to shrink 29% next year vs 23% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$210 to NT$196. Share price fell 9.3% to NT$171 over the past week.
Price Target Changed • Feb 23Price target increased by 8.3% to NT$190Up from NT$176, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$189. Stock is down 24% over the past year. The company is forecast to post earnings per share of NT$9.69 for next year compared to NT$9.88 last year.
Reported Earnings • Feb 22Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$9.88 (up from NT$4.65 in FY 2021). Revenue: NT$13.1b (up 62% from FY 2021). Net income: NT$2.45b (up 112% from FY 2021). Profit margin: 19% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$195, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 335% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Wan-Fen Zhou was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.