View ValuationPowertech Technology 将来の成長Future 基準チェック /36Powertech Technology利益と収益がそれぞれ年間42.4%と14.4%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18.3% 29.2%なると予測されています。主要情報42.4%収益成長率29.17%EPS成長率Semiconductor 収益成長25.2%収益成長率14.4%将来の株主資本利益率18.35%アナリストカバレッジGood最終更新日04 May 2026今後の成長に関する最新情報Price Target Changed • Jan 19Price target increased by 8.8% to NT$187Up from NT$172, the current price target is an average from 8 analysts. New target price is 29% below last closing price of NT$262. Stock is up 125% over the past year. The company is forecast to post earnings per share of NT$7.34 for next year compared to NT$9.09 last year.Price Target Changed • Oct 29Price target increased by 23% to NT$166Up from NT$135, the current price target is an average from 8 analysts. New target price is 9.0% below last closing price of NT$182. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$7.58 for next year compared to NT$9.09 last year.Price Target Changed • Jul 31Price target increased by 8.2% to NT$135Up from NT$124, the current price target is an average from 8 analysts. New target price is 6.8% above last closing price of NT$126. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$7.87 for next year compared to NT$9.09 last year.Major Estimate Revision • Jul 30Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$67.6b to NT$75.3b. EPS estimate increased from NT$7.73 to NT$8.53 per share. Net income forecast to grow 0.2% next year vs 12% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$129. Share price was steady at NT$139 over the past week.Major Estimate Revision • Jun 19Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$8.92 to NT$7.73. Revenue forecast unchanged from NT$67.6b at last update. Net income forecast to grow 1.6% next year vs 17% growth forecast for Semiconductor industry in Taiwan. Consensus price target of NT$128 unchanged from last update. Share price was steady at NT$130 over the past week.Major Estimate Revision • Apr 30Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$76.4b to NT$74.6b. EPS estimate also fell from NT$10.28 per share to NT$8.78 per share. Net income forecast to shrink 9.5% next year vs 22% growth forecast for Semiconductor industry in Taiwan . Consensus price target broadly unchanged at NT$130. Share price fell 7.3% to NT$108 over the past week.すべての更新を表示Recent updatesNew Risk • 10hNew major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$240, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 197% over the past three years.Reported Earnings • Mar 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$7.48 (down from NT$9.09 in FY 2024). Revenue: NT$74.9b (up 2.2% from FY 2024). Net income: NT$5.54b (down 19% from FY 2024). Profit margin: 7.4% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.お知らせ • Mar 12Powertech Technology Inc., Annual General Meeting, May 27, 2026Powertech Technology Inc., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,15, ta t`ung rd., hukou township, hsinchu county TaiwanNew Risk • Mar 12New major risk - Revenue and earnings growthEarnings have declined by 4.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. Earnings have declined by 4.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (7.4% net profit margin).Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$217, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 180% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$192 per share.Buy Or Sell Opportunity • Jan 27Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 45% to NT$264. The fair value is estimated to be NT$217, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 107% in the next 2 years.Price Target Changed • Jan 19Price target increased by 8.8% to NT$187Up from NT$172, the current price target is an average from 8 analysts. New target price is 29% below last closing price of NT$262. Stock is up 125% over the past year. The company is forecast to post earnings per share of NT$7.34 for next year compared to NT$9.09 last year.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$204, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 193% over the past three years.Reported Earnings • Nov 08Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: NT$2.08 (down from NT$2.28 in 3Q 2024). Revenue: NT$20.0b (up 9.1% from 3Q 2024). Net income: NT$1.54b (down 9.6% from 3Q 2024). Profit margin: 7.7% (down from 9.3% in 3Q 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 7.6%. Revenue is forecast to grow 13% 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 11% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.Price Target Changed • Oct 29Price target increased by 23% to NT$166Up from NT$135, the current price target is an average from 8 analysts. New target price is 9.0% below last closing price of NT$182. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$7.58 for next year compared to NT$9.09 last year.New Risk • Oct 28New 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (7.8% net profit margin).Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$177, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 181% over the past three years.Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$142, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 104% over the past three years.Reported Earnings • Aug 09Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$1.30 (down from NT$2.45 in 2Q 2024). Revenue: NT$18.1b (down 7.8% from 2Q 2024). Net income: NT$959.6m (down 48% from 2Q 2024). Profit margin: 5.3% (down from 9.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 9.6% 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 11% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Price Target Changed • Jul 31Price target increased by 8.2% to NT$135Up from NT$124, the current price target is an average from 8 analysts. New target price is 6.8% above last closing price of NT$126. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$7.87 for next year compared to NT$9.09 last year.Major Estimate Revision • Jul 30Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$67.6b to NT$75.3b. EPS estimate increased from NT$7.73 to NT$8.53 per share. Net income forecast to grow 0.2% next year vs 12% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$129. Share price was steady at NT$139 over the past week.Upcoming Dividend • Jul 24Upcoming dividend of NT$7.00 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 05 September 2025. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.1%).Declared Dividend • Jun 30Dividend of NT$7.00 announcedDividend of NT$7.00 is the same as last year. Ex-date: 31st July 2025 Payment date: 5th September 2025 Dividend yield will be 5.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Major Estimate Revision • Jun 19Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$8.92 to NT$7.73. Revenue forecast unchanged from NT$67.6b at last update. Net income forecast to grow 1.6% next year vs 17% growth forecast for Semiconductor industry in Taiwan. Consensus price target of NT$128 unchanged from last update. Share price was steady at NT$130 over the past week.Reported Earnings • May 11First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: NT$1.58 (down from NT$2.32 in 1Q 2024). Revenue: NT$15.5b (down 16% from 1Q 2024). Net income: NT$1.18b (down 32% from 1Q 2024). Profit margin: 7.6% (down from 9.5% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 7.8% 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 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Major Estimate Revision • Apr 30Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$76.4b to NT$74.6b. EPS estimate also fell from NT$10.28 per share to NT$8.78 per share. Net income forecast to shrink 9.5% next year vs 22% growth forecast for Semiconductor industry in Taiwan . Consensus price target broadly unchanged at NT$130. Share price fell 7.3% to NT$108 over the past week.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$106, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$149 per share.Buy Or Sell Opportunity • Apr 07Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.5% to NT$115. The fair value is estimated to be NT$151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 5.4%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 42% in the next 2 years.Buy Or Sell Opportunity • Mar 19Now 20% undervaluedOver the last 90 days, the stock has risen 6.2% to NT$129. The fair value is estimated to be NT$161, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 5.4%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 42% in the next 2 years.お知らせ • Feb 24Powertech Technology Inc., Annual General Meeting, May 28, 2025Powertech Technology Inc., Annual General Meeting, May 28, 2025. Location: no,15, ta t`ung rd., hukou township, hsinchu county TaiwanReported Earnings • Feb 24Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: NT$9.09 (down from NT$10.72 in FY 2023). Revenue: NT$73.3b (up 4.1% from FY 2023). Net income: NT$6.79b (down 15% from FY 2023). Profit margin: 9.3% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.お知らせ • Feb 14Powertech Technology Inc. to Report Fiscal Year 2024 Results on Feb 21, 2025Powertech Technology Inc. announced that they will report fiscal year 2024 results on Feb 21, 2025お知らせ • Jan 17Powertech Technology Inc. SHS to Be Deleted from OTC EquityPowertech Technology Inc. SHS (Taiwan) will be deleted from OTC Equity effective January 16, 2025, due to Inactive Security.Buy Or Sell Opportunity • Jan 14Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to NT$117. The fair value is estimated to be NT$97.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.Price Target Changed • Jan 01Price target decreased by 8.5% to NT$135Down from NT$148, the current price target is an average from 8 analysts. New target price is 11% above last closing price of NT$122. Stock is down 10.0% over the past year. The company is forecast to post earnings per share of NT$9.00 for next year compared to NT$10.72 last year.Reported Earnings • Nov 09Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: NT$2.28 (up from NT$2.11 in 3Q 2023). Revenue: NT$18.3b (flat on 3Q 2023). Net income: NT$1.70b (up 8.1% from 3Q 2023). Profit margin: 9.3% (up from 8.5% in 3Q 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 6.6%. Revenue is forecast to grow 9.1% 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 9% per year, which means it is well ahead of earnings.Price Target Changed • Nov 05Price target decreased by 7.6% to NT$140Down from NT$151, the current price target is an average from 8 analysts. New target price is 12% above last closing price of NT$125. Stock is up 16% over the past year. The company is forecast to post earnings per share of NT$9.00 for next year compared to NT$10.72 last year.Reported Earnings • Aug 10Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$2.45 (up from NT$1.80 in 2Q 2023). Revenue: NT$19.6b (up 14% from 2Q 2023). Net income: NT$1.83b (up 36% from 2Q 2023). Profit margin: 9.3% (up from 7.8% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 10% 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 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Price Target Changed • Aug 05Price target decreased by 7.5% to NT$162Down from NT$175, the current price target is an average from 8 analysts. New target price is 14% above last closing price of NT$143. Stock is up 49% over the past year. The company is forecast to post earnings per share of NT$9.94 for next year compared to NT$10.72 last year.Buy Or Sell Opportunity • Aug 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.7% to NT$154. The fair value is estimated to be NT$194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.Upcoming Dividend • Jul 25Upcoming dividend of NT$7.00 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.0%).Declared Dividend • Jul 01Dividend of NT$7.00 announcedShareholders will receive a dividend of NT$7.00. Ex-date: 1st August 2024 Payment date: 5th September 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 14First quarter 2024 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2024 results: EPS: NT$2.32 (up from NT$1.51 in 1Q 2023). Revenue: NT$18.3b (up 16% from 1Q 2023). Net income: NT$1.74b (up 54% from 1Q 2023). Profit margin: 9.5% (up from 7.2% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% 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 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.Price Target Changed • May 02Price target increased by 8.4% to NT$162Up from NT$150, the current price target is an average from 9 analysts. New target price is 5.1% below last closing price of NT$171. Stock is up 82% over the past year. The company is forecast to post earnings per share of NT$10.27 for next year compared to NT$10.72 last year.Major Estimate Revision • May 01Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$11.86 to NT$10.27 per share. Revenue forecast steady at NT$80.6b. Net income forecast to shrink 8.3% next year vs 30% growth forecast for Semiconductor industry in Taiwan . Consensus price target up from NT$150 to NT$155. Share price was steady at NT$175 over the past week.Major Estimate Revision • Apr 24Consensus EPS estimates increase by 20%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$9.90 to NT$11.86. Revenue forecast steady at NT$81.1b. Net income forecast to shrink 7.7% next year vs 26% growth forecast for Semiconductor industry in Taiwan . Consensus price target broadly unchanged at NT$150. Share price fell 5.5% to NT$172 over the past week.Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$196, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$174 per share.Reported Earnings • Mar 10Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: NT$10.72 (down from NT$11.60 in FY 2022). Revenue: NT$70.4b (down 16% from FY 2022). Net income: NT$8.01b (down 7.8% from FY 2022). Profit margin: 11% (up from 10% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 13% 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 remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • Mar 09Powertech Technology Inc., Annual General Meeting, May 30, 2024Powertech Technology Inc., Annual General Meeting, May 30, 2024. Location: Plant 3D, No.15, Datong Rd., Hukou Township, Hsinchu County Taiwan Agenda: To consider Report of Business for year 2023; to consider Audit Committee's review report; to consider Report of the Distribution Plan of compensation for directors of the Board and employees for year 2023; to consider Report of implementation status for the resolution of 2023 Annual General Shareholders’ Meeting for the issuance of new common shares for cash to sponsor the issuance of the overseas depositary shares and/or issuance of new common shares for cash in public offering and/or issuance of new common shares for cash in private placement and/or issuance of overseas or domestic convertible bonds in private placement and/or issuance of overseas or domestic convertible bonds; to consider Report the amendments to the ”Rules of Procedure for Board of Directors Meetings"; and to consider other matters.New Risk • Feb 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin).Price Target Changed • Jan 31Price target increased by 8.7% to NT$145Up from NT$133, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$146. Stock is up 68% over the past year. The company is forecast to post earnings per share of NT$10.60 for next year compared to NT$11.60 last year.Price Target Changed • Dec 15Price target increased by 13% to NT$130Up from NT$115, the current price target is an average from 9 analysts. New target price is 15% below last closing price of NT$153. Stock is up 86% over the past year. The company is forecast to post earnings per share of NT$10.22 for next year compared to NT$11.60 last year.Reported Earnings • Nov 02Third quarter 2023 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2023 results: EPS: NT$2.10 (down from NT$3.20 in 3Q 2022). Revenue: NT$18.4b (down 14% from 3Q 2022). Net income: NT$1.57b (down 34% from 3Q 2022). Profit margin: 8.5% (down from 11% in 3Q 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 12% 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 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Oct 25Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$7.77 to NT$8.67. Revenue forecast steady at NT$70.5b. Net income forecast to grow 12% next year vs 6.0% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$115. Share price fell 2.8% to NT$106 over the past week.Reported Earnings • Aug 07Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$1.80 (down from NT$3.67 in 2Q 2022). Revenue: NT$17.2b (down 26% from 2Q 2022). Net income: NT$1.34b (down 51% from 2Q 2022). Profit margin: 7.8% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 8.7% 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 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$93.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 17% over the past three years.Price Target Changed • Jul 26Price target increased by 8.2% to NT$106Up from NT$98.27, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of NT$110. Stock is up 22% over the past year. The company is forecast to post earnings per share of NT$8.04 for next year compared to NT$11.60 last year.Upcoming Dividend • Jul 25Upcoming dividend of NT$7.00 per share at 6.4% yieldEligible shareholders must have bought the stock before 01 August 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%).お知らせ • Jun 29Shenzhen Longsys Electronics Co., Ltd. (SZSE:301308) agreed to acquire 42% stake in Powertech Technology (Suzhou) Ltd from Spansion Holdings (Singapore) Pte. Ltd. for TWD 2.4 billion.Shenzhen Longsys Electronics Co., Ltd. (SZSE:301308) agreed to acquire 42% stake in Powertech Technology (Suzhou) Ltd from Spansion Holdings (Singapore) Pte. Ltd. for TWD 2.4 billion on June 27, 2023. Under the terms, Shenzhen Longsys will pay the 50% settlement payment and will pay the rest 50% payment within 5 working days after the expiry of 60 days after the completion of equity delivery. If the transaction fails to receive the approval of State Administration of Foreign Exchange in China after 180 days from the date of signing contract, PTI has the right to terminate this contract. The transaction has been resolved by the Board of Directors of Spansion Holdings (Singapore) Pte. Tsai Hsuan, Tseng of Tsai Chin Certified Public Accountant acted as fairness opinion provider for Powertech Technology.お知らせ • Jun 09+ 2 more updatesPowertech Technology Inc. Appoints Chao-Chin Tung as Member of Risk Management CommitteePowertech Technology Inc. appointed Chao-Chin Tung as member of Risk Management Committee. Name and resume of the previous position holder: Independent director: Wann-Lai Cheng (Chairman, Browave Corporation); Independent director: Morgan Chang (President, Kuang Chien Computer Co., Ltd); Director: J.S. Leu (President, Powertech Technology Inc.). Name and resume of the new position holder: Independent director: Morgan Chang (President, Kuang Chien Computer Co.,Ltd); Independent director: Chao-Chin Tung (Vice Chairman, SHOWA DENKO HD Trace Corp.); Director: J.S. Leu (President, Powertech Technology Inc.). Effective date of the new member is June 08, 2023.お知らせ • Jun 01Powertech Technology Inc. Approves Board AppointmentsPowertech Technology Inc. announced that at its shareholders meeting held on May 31, 2023, the shareholders approved the appointment of Ray Chen, Vice Chairman and CSO, Compal Electronics Inc. and Chao-Chin Tung, Vice Chairman, SHOWA DENKO HD Trace Corp. as Independent directors. Effective date of the new appointment is May 31, 2023.Reported Earnings • May 06First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: EPS: NT$1.51 (down from NT$2.93 in 1Q 2022). Revenue: NT$15.7b (down 24% from 1Q 2022). Net income: NT$1.13b (down 49% from 1Q 2022). Profit margin: 7.2% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 10% 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 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 11Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: NT$11.60. Revenue: NT$83.9b (flat on FY 2021). Net income: NT$8.69b (down 2.4% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to stay flat during the next 2 years compared to a 8.3% growth forecast for the Semiconductor industry in Taiwan.Price Target Changed • Feb 03Price target increased by 7.2% to NT$92.44Up from NT$86.22, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$88.80. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of NT$11.32 for next year compared to NT$11.54 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Ray Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$3.20 (vs NT$3.21 in 3Q 2021)Third quarter 2022 results: EPS: NT$3.20 (down from NT$3.21 in 3Q 2021). Revenue: NT$21.4b (down 4.0% from 3Q 2021). Net income: NT$2.39b (down 3.1% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Price Target Changed • Oct 18Price target decreased to NT$100Down from NT$112, the current price target is an average from 9 analysts. New target price is 40% above last closing price of NT$71.80. Stock is down 26% over the past year. The company is forecast to post earnings per share of NT$11.87 for next year compared to NT$11.54 last year.Reported Earnings • Aug 07Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$3.67 (up from NT$2.88 in 2Q 2021). Revenue: NT$23.3b (up 13% from 2Q 2021). Net income: NT$2.75b (up 24% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 3.8%, compared to a 21% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 22Upcoming dividend of NT$6.80 per shareEligible shareholders must have bought the stock before 29 July 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.7%).Reported Earnings • May 07First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$2.92 (up from NT$2.21 in 1Q 2021). Revenue: NT$20.8b (up 13% from 1Q 2021). Net income: NT$2.20b (up 29% from 1Q 2021). Profit margin: 11% (up from 9.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 6.2%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Ray Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 11Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$11.54 (up from NT$8.60 in FY 2020). Revenue: NT$83.8b (up 10.0% from FY 2020). Net income: NT$8.90b (up 34% from FY 2020). Profit margin: 11% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 8.2%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$3.20 (vs NT$2.10 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$22.3b (up 18% from 3Q 2020). Net income: NT$2.47b (up 52% from 3Q 2020). Profit margin: 11% (up from 8.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$2.88 (vs NT$2.26 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$20.6b (up 6.2% from 2Q 2020). Net income: NT$2.22b (up 27% from 2Q 2020). Profit margin: 11% (up from 9.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year.Upcoming Dividend • Jul 23Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 03 September 2021. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%).Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$2.21 (vs NT$2.11 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$18.4b (down 2.0% from 1Q 2020). Net income: NT$1.71b (up 4.6% from 1Q 2020). Profit margin: 9.3% (up from 8.7% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year.Price Target Changed • Apr 29Price target increased to NT$130Up from NT$121, the current price target is an average from 10 analysts. New target price is 17% above last closing price of NT$112. Stock is up 10% over the past year.Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$8.60 (vs NT$7.52 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: NT$76.2b (up 14% from FY 2019). Net income: NT$6.66b (up 14% from FY 2019). Profit margin: 8.7% (down from 8.8% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year.Is New 90 Day High Low • Jan 18New 90-day high: NT$102The company is up 19% from its price of NT$85.60 on 20 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$87.28 per share.業績と収益の成長予測TWSE:6239 - 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12/31/2028112,834N/AN/AN/A112/31/2027107,79113,3643,50730,570712/31/202691,7969,314-17,23131,59683/31/202680,7506,205-12,67216,169N/A12/31/202574,9295,536-9,32016,698N/A9/30/202570,6205,196-15617,692N/A6/30/202568,9545,3596,18522,629N/A3/31/202570,4806,2277,04720,163N/A12/31/202473,3156,78910,16721,566N/A9/30/202475,2519,23012,14722,595N/A6/30/202475,3989,10312,55320,806N/A3/31/202473,0298,61814,77723,616N/A12/31/202370,4418,00910,66519,682N/A9/30/202369,8105,3938,37618,021N/A6/30/202372,7916,2145,69918,616N/A3/31/202378,8377,6184,03318,978N/A12/31/202283,9278,6874,22522,923N/A9/30/202287,9479,8345,63825,473N/A6/30/202288,8379,9105,65425,494N/A3/31/202286,1959,3866,47025,120N/A12/31/202183,7948,8989,33124,649N/A9/30/202180,3948,06310,06423,920N/A6/30/202177,0097,2147,92221,833N/A3/31/202175,7986,7385,87520,695N/A12/31/202076,1816,6621,36119,301N/A9/30/202076,4667,08317417,984N/A6/30/202075,2357,0613,23818,912N/A3/31/202070,9056,4184,47216,677N/A12/31/201966,5255,839N/A17,955N/A9/30/201963,8575,118N/A17,623N/A6/30/201964,4275,421N/A18,625N/A3/31/201966,5625,996N/A20,149N/A12/31/201868,0396,234N/A20,207N/A9/30/201868,1166,526N/A20,768N/A6/30/201866,1686,243N/A20,248N/A3/31/201862,8825,975N/A19,086N/A12/31/201759,6325,849N/A17,677N/A9/30/201756,5665,634N/A15,100N/A6/30/201752,9955,342N/A14,239N/A3/31/201750,3855,060N/A13,716N/A12/31/201648,3444,835N/A12,924N/A9/30/201646,7874,619N/A13,295N/A6/30/201644,7864,387N/A12,983N/A3/31/201643,7114,184N/A13,472N/A12/31/201542,5244,016N/A12,739N/A9/30/201540,2043,579N/A12,802N/A6/30/201539,9073,442N/A11,085N/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: 6239の予測収益成長率 (年間42.4% ) は 貯蓄率 ( 1.3% ) を上回っています。収益対市場: 6239の収益 ( 42.4% ) はTW市場 ( 25.2% ) 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: 6239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: 6239の収益 ( 14.4% ) TW市場 ( 18.2% ) よりも低い成長が予測されています。高い収益成長: 6239の収益 ( 14.4% ) 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: 6239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 ( 18.3 %)。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2026/05/09 07:18終値2026/05/08 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Powertech Technology Inc. 8 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。23 アナリスト機関Sebastian HouBarclaysDong-je WooBofA Global Researchnull nullCapital Securities Corporation20 その他のアナリストを表示
Price Target Changed • Jan 19Price target increased by 8.8% to NT$187Up from NT$172, the current price target is an average from 8 analysts. New target price is 29% below last closing price of NT$262. Stock is up 125% over the past year. The company is forecast to post earnings per share of NT$7.34 for next year compared to NT$9.09 last year.
Price Target Changed • Oct 29Price target increased by 23% to NT$166Up from NT$135, the current price target is an average from 8 analysts. New target price is 9.0% below last closing price of NT$182. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$7.58 for next year compared to NT$9.09 last year.
Price Target Changed • Jul 31Price target increased by 8.2% to NT$135Up from NT$124, the current price target is an average from 8 analysts. New target price is 6.8% above last closing price of NT$126. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$7.87 for next year compared to NT$9.09 last year.
Major Estimate Revision • Jul 30Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$67.6b to NT$75.3b. EPS estimate increased from NT$7.73 to NT$8.53 per share. Net income forecast to grow 0.2% next year vs 12% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$129. Share price was steady at NT$139 over the past week.
Major Estimate Revision • Jun 19Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$8.92 to NT$7.73. Revenue forecast unchanged from NT$67.6b at last update. Net income forecast to grow 1.6% next year vs 17% growth forecast for Semiconductor industry in Taiwan. Consensus price target of NT$128 unchanged from last update. Share price was steady at NT$130 over the past week.
Major Estimate Revision • Apr 30Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$76.4b to NT$74.6b. EPS estimate also fell from NT$10.28 per share to NT$8.78 per share. Net income forecast to shrink 9.5% next year vs 22% growth forecast for Semiconductor industry in Taiwan . Consensus price target broadly unchanged at NT$130. Share price fell 7.3% to NT$108 over the past week.
New Risk • 10hNew major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$240, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 197% over the past three years.
Reported Earnings • Mar 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$7.48 (down from NT$9.09 in FY 2024). Revenue: NT$74.9b (up 2.2% from FY 2024). Net income: NT$5.54b (down 19% from FY 2024). Profit margin: 7.4% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.
お知らせ • Mar 12Powertech Technology Inc., Annual General Meeting, May 27, 2026Powertech Technology Inc., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,15, ta t`ung rd., hukou township, hsinchu county Taiwan
New Risk • Mar 12New major risk - Revenue and earnings growthEarnings have declined by 4.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. Earnings have declined by 4.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (7.4% net profit margin).
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$217, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 180% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$192 per share.
Buy Or Sell Opportunity • Jan 27Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 45% to NT$264. The fair value is estimated to be NT$217, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 107% in the next 2 years.
Price Target Changed • Jan 19Price target increased by 8.8% to NT$187Up from NT$172, the current price target is an average from 8 analysts. New target price is 29% below last closing price of NT$262. Stock is up 125% over the past year. The company is forecast to post earnings per share of NT$7.34 for next year compared to NT$9.09 last year.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$204, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 193% over the past three years.
Reported Earnings • Nov 08Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: NT$2.08 (down from NT$2.28 in 3Q 2024). Revenue: NT$20.0b (up 9.1% from 3Q 2024). Net income: NT$1.54b (down 9.6% from 3Q 2024). Profit margin: 7.7% (down from 9.3% in 3Q 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 7.6%. Revenue is forecast to grow 13% 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 11% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.
Price Target Changed • Oct 29Price target increased by 23% to NT$166Up from NT$135, the current price target is an average from 8 analysts. New target price is 9.0% below last closing price of NT$182. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$7.58 for next year compared to NT$9.09 last year.
New Risk • Oct 28New 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (7.8% net profit margin).
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$177, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 181% over the past three years.
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$142, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 104% over the past three years.
Reported Earnings • Aug 09Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$1.30 (down from NT$2.45 in 2Q 2024). Revenue: NT$18.1b (down 7.8% from 2Q 2024). Net income: NT$959.6m (down 48% from 2Q 2024). Profit margin: 5.3% (down from 9.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 9.6% 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 11% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Price Target Changed • Jul 31Price target increased by 8.2% to NT$135Up from NT$124, the current price target is an average from 8 analysts. New target price is 6.8% above last closing price of NT$126. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$7.87 for next year compared to NT$9.09 last year.
Major Estimate Revision • Jul 30Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$67.6b to NT$75.3b. EPS estimate increased from NT$7.73 to NT$8.53 per share. Net income forecast to grow 0.2% next year vs 12% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$129. Share price was steady at NT$139 over the past week.
Upcoming Dividend • Jul 24Upcoming dividend of NT$7.00 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 05 September 2025. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.1%).
Declared Dividend • Jun 30Dividend of NT$7.00 announcedDividend of NT$7.00 is the same as last year. Ex-date: 31st July 2025 Payment date: 5th September 2025 Dividend yield will be 5.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Major Estimate Revision • Jun 19Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$8.92 to NT$7.73. Revenue forecast unchanged from NT$67.6b at last update. Net income forecast to grow 1.6% next year vs 17% growth forecast for Semiconductor industry in Taiwan. Consensus price target of NT$128 unchanged from last update. Share price was steady at NT$130 over the past week.
Reported Earnings • May 11First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: NT$1.58 (down from NT$2.32 in 1Q 2024). Revenue: NT$15.5b (down 16% from 1Q 2024). Net income: NT$1.18b (down 32% from 1Q 2024). Profit margin: 7.6% (down from 9.5% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 7.8% 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 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Major Estimate Revision • Apr 30Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$76.4b to NT$74.6b. EPS estimate also fell from NT$10.28 per share to NT$8.78 per share. Net income forecast to shrink 9.5% next year vs 22% growth forecast for Semiconductor industry in Taiwan . Consensus price target broadly unchanged at NT$130. Share price fell 7.3% to NT$108 over the past week.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$106, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$149 per share.
Buy Or Sell Opportunity • Apr 07Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.5% to NT$115. The fair value is estimated to be NT$151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 5.4%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 42% in the next 2 years.
Buy Or Sell Opportunity • Mar 19Now 20% undervaluedOver the last 90 days, the stock has risen 6.2% to NT$129. The fair value is estimated to be NT$161, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 5.4%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 42% in the next 2 years.
お知らせ • Feb 24Powertech Technology Inc., Annual General Meeting, May 28, 2025Powertech Technology Inc., Annual General Meeting, May 28, 2025. Location: no,15, ta t`ung rd., hukou township, hsinchu county Taiwan
Reported Earnings • Feb 24Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: NT$9.09 (down from NT$10.72 in FY 2023). Revenue: NT$73.3b (up 4.1% from FY 2023). Net income: NT$6.79b (down 15% from FY 2023). Profit margin: 9.3% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
お知らせ • Feb 14Powertech Technology Inc. to Report Fiscal Year 2024 Results on Feb 21, 2025Powertech Technology Inc. announced that they will report fiscal year 2024 results on Feb 21, 2025
お知らせ • Jan 17Powertech Technology Inc. SHS to Be Deleted from OTC EquityPowertech Technology Inc. SHS (Taiwan) will be deleted from OTC Equity effective January 16, 2025, due to Inactive Security.
Buy Or Sell Opportunity • Jan 14Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to NT$117. The fair value is estimated to be NT$97.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
Price Target Changed • Jan 01Price target decreased by 8.5% to NT$135Down from NT$148, the current price target is an average from 8 analysts. New target price is 11% above last closing price of NT$122. Stock is down 10.0% over the past year. The company is forecast to post earnings per share of NT$9.00 for next year compared to NT$10.72 last year.
Reported Earnings • Nov 09Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: NT$2.28 (up from NT$2.11 in 3Q 2023). Revenue: NT$18.3b (flat on 3Q 2023). Net income: NT$1.70b (up 8.1% from 3Q 2023). Profit margin: 9.3% (up from 8.5% in 3Q 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 6.6%. Revenue is forecast to grow 9.1% 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 9% per year, which means it is well ahead of earnings.
Price Target Changed • Nov 05Price target decreased by 7.6% to NT$140Down from NT$151, the current price target is an average from 8 analysts. New target price is 12% above last closing price of NT$125. Stock is up 16% over the past year. The company is forecast to post earnings per share of NT$9.00 for next year compared to NT$10.72 last year.
Reported Earnings • Aug 10Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$2.45 (up from NT$1.80 in 2Q 2023). Revenue: NT$19.6b (up 14% from 2Q 2023). Net income: NT$1.83b (up 36% from 2Q 2023). Profit margin: 9.3% (up from 7.8% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 10% 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 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Price Target Changed • Aug 05Price target decreased by 7.5% to NT$162Down from NT$175, the current price target is an average from 8 analysts. New target price is 14% above last closing price of NT$143. Stock is up 49% over the past year. The company is forecast to post earnings per share of NT$9.94 for next year compared to NT$10.72 last year.
Buy Or Sell Opportunity • Aug 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.7% to NT$154. The fair value is estimated to be NT$194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.
Upcoming Dividend • Jul 25Upcoming dividend of NT$7.00 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.0%).
Declared Dividend • Jul 01Dividend of NT$7.00 announcedShareholders will receive a dividend of NT$7.00. Ex-date: 1st August 2024 Payment date: 5th September 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 14First quarter 2024 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2024 results: EPS: NT$2.32 (up from NT$1.51 in 1Q 2023). Revenue: NT$18.3b (up 16% from 1Q 2023). Net income: NT$1.74b (up 54% from 1Q 2023). Profit margin: 9.5% (up from 7.2% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% 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 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
Price Target Changed • May 02Price target increased by 8.4% to NT$162Up from NT$150, the current price target is an average from 9 analysts. New target price is 5.1% below last closing price of NT$171. Stock is up 82% over the past year. The company is forecast to post earnings per share of NT$10.27 for next year compared to NT$10.72 last year.
Major Estimate Revision • May 01Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$11.86 to NT$10.27 per share. Revenue forecast steady at NT$80.6b. Net income forecast to shrink 8.3% next year vs 30% growth forecast for Semiconductor industry in Taiwan . Consensus price target up from NT$150 to NT$155. Share price was steady at NT$175 over the past week.
Major Estimate Revision • Apr 24Consensus EPS estimates increase by 20%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$9.90 to NT$11.86. Revenue forecast steady at NT$81.1b. Net income forecast to shrink 7.7% next year vs 26% growth forecast for Semiconductor industry in Taiwan . Consensus price target broadly unchanged at NT$150. Share price fell 5.5% to NT$172 over the past week.
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$196, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$174 per share.
Reported Earnings • Mar 10Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: NT$10.72 (down from NT$11.60 in FY 2022). Revenue: NT$70.4b (down 16% from FY 2022). Net income: NT$8.01b (down 7.8% from FY 2022). Profit margin: 11% (up from 10% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 13% 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 remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • Mar 09Powertech Technology Inc., Annual General Meeting, May 30, 2024Powertech Technology Inc., Annual General Meeting, May 30, 2024. Location: Plant 3D, No.15, Datong Rd., Hukou Township, Hsinchu County Taiwan Agenda: To consider Report of Business for year 2023; to consider Audit Committee's review report; to consider Report of the Distribution Plan of compensation for directors of the Board and employees for year 2023; to consider Report of implementation status for the resolution of 2023 Annual General Shareholders’ Meeting for the issuance of new common shares for cash to sponsor the issuance of the overseas depositary shares and/or issuance of new common shares for cash in public offering and/or issuance of new common shares for cash in private placement and/or issuance of overseas or domestic convertible bonds in private placement and/or issuance of overseas or domestic convertible bonds; to consider Report the amendments to the ”Rules of Procedure for Board of Directors Meetings"; and to consider other matters.
New Risk • Feb 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin).
Price Target Changed • Jan 31Price target increased by 8.7% to NT$145Up from NT$133, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$146. Stock is up 68% over the past year. The company is forecast to post earnings per share of NT$10.60 for next year compared to NT$11.60 last year.
Price Target Changed • Dec 15Price target increased by 13% to NT$130Up from NT$115, the current price target is an average from 9 analysts. New target price is 15% below last closing price of NT$153. Stock is up 86% over the past year. The company is forecast to post earnings per share of NT$10.22 for next year compared to NT$11.60 last year.
Reported Earnings • Nov 02Third quarter 2023 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2023 results: EPS: NT$2.10 (down from NT$3.20 in 3Q 2022). Revenue: NT$18.4b (down 14% from 3Q 2022). Net income: NT$1.57b (down 34% from 3Q 2022). Profit margin: 8.5% (down from 11% in 3Q 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 12% 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 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Oct 25Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$7.77 to NT$8.67. Revenue forecast steady at NT$70.5b. Net income forecast to grow 12% next year vs 6.0% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$115. Share price fell 2.8% to NT$106 over the past week.
Reported Earnings • Aug 07Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$1.80 (down from NT$3.67 in 2Q 2022). Revenue: NT$17.2b (down 26% from 2Q 2022). Net income: NT$1.34b (down 51% from 2Q 2022). Profit margin: 7.8% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 8.7% 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 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$93.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 17% over the past three years.
Price Target Changed • Jul 26Price target increased by 8.2% to NT$106Up from NT$98.27, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of NT$110. Stock is up 22% over the past year. The company is forecast to post earnings per share of NT$8.04 for next year compared to NT$11.60 last year.
Upcoming Dividend • Jul 25Upcoming dividend of NT$7.00 per share at 6.4% yieldEligible shareholders must have bought the stock before 01 August 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%).
お知らせ • Jun 29Shenzhen Longsys Electronics Co., Ltd. (SZSE:301308) agreed to acquire 42% stake in Powertech Technology (Suzhou) Ltd from Spansion Holdings (Singapore) Pte. Ltd. for TWD 2.4 billion.Shenzhen Longsys Electronics Co., Ltd. (SZSE:301308) agreed to acquire 42% stake in Powertech Technology (Suzhou) Ltd from Spansion Holdings (Singapore) Pte. Ltd. for TWD 2.4 billion on June 27, 2023. Under the terms, Shenzhen Longsys will pay the 50% settlement payment and will pay the rest 50% payment within 5 working days after the expiry of 60 days after the completion of equity delivery. If the transaction fails to receive the approval of State Administration of Foreign Exchange in China after 180 days from the date of signing contract, PTI has the right to terminate this contract. The transaction has been resolved by the Board of Directors of Spansion Holdings (Singapore) Pte. Tsai Hsuan, Tseng of Tsai Chin Certified Public Accountant acted as fairness opinion provider for Powertech Technology.
お知らせ • Jun 09+ 2 more updatesPowertech Technology Inc. Appoints Chao-Chin Tung as Member of Risk Management CommitteePowertech Technology Inc. appointed Chao-Chin Tung as member of Risk Management Committee. Name and resume of the previous position holder: Independent director: Wann-Lai Cheng (Chairman, Browave Corporation); Independent director: Morgan Chang (President, Kuang Chien Computer Co., Ltd); Director: J.S. Leu (President, Powertech Technology Inc.). Name and resume of the new position holder: Independent director: Morgan Chang (President, Kuang Chien Computer Co.,Ltd); Independent director: Chao-Chin Tung (Vice Chairman, SHOWA DENKO HD Trace Corp.); Director: J.S. Leu (President, Powertech Technology Inc.). Effective date of the new member is June 08, 2023.
お知らせ • Jun 01Powertech Technology Inc. Approves Board AppointmentsPowertech Technology Inc. announced that at its shareholders meeting held on May 31, 2023, the shareholders approved the appointment of Ray Chen, Vice Chairman and CSO, Compal Electronics Inc. and Chao-Chin Tung, Vice Chairman, SHOWA DENKO HD Trace Corp. as Independent directors. Effective date of the new appointment is May 31, 2023.
Reported Earnings • May 06First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: EPS: NT$1.51 (down from NT$2.93 in 1Q 2022). Revenue: NT$15.7b (down 24% from 1Q 2022). Net income: NT$1.13b (down 49% from 1Q 2022). Profit margin: 7.2% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 10% 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 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 11Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: NT$11.60. Revenue: NT$83.9b (flat on FY 2021). Net income: NT$8.69b (down 2.4% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to stay flat during the next 2 years compared to a 8.3% growth forecast for the Semiconductor industry in Taiwan.
Price Target Changed • Feb 03Price target increased by 7.2% to NT$92.44Up from NT$86.22, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$88.80. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of NT$11.32 for next year compared to NT$11.54 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Ray Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$3.20 (vs NT$3.21 in 3Q 2021)Third quarter 2022 results: EPS: NT$3.20 (down from NT$3.21 in 3Q 2021). Revenue: NT$21.4b (down 4.0% from 3Q 2021). Net income: NT$2.39b (down 3.1% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Price Target Changed • Oct 18Price target decreased to NT$100Down from NT$112, the current price target is an average from 9 analysts. New target price is 40% above last closing price of NT$71.80. Stock is down 26% over the past year. The company is forecast to post earnings per share of NT$11.87 for next year compared to NT$11.54 last year.
Reported Earnings • Aug 07Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$3.67 (up from NT$2.88 in 2Q 2021). Revenue: NT$23.3b (up 13% from 2Q 2021). Net income: NT$2.75b (up 24% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 3.8%, compared to a 21% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 22Upcoming dividend of NT$6.80 per shareEligible shareholders must have bought the stock before 29 July 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.7%).
Reported Earnings • May 07First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$2.92 (up from NT$2.21 in 1Q 2021). Revenue: NT$20.8b (up 13% from 1Q 2021). Net income: NT$2.20b (up 29% from 1Q 2021). Profit margin: 11% (up from 9.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 6.2%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Ray Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 11Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$11.54 (up from NT$8.60 in FY 2020). Revenue: NT$83.8b (up 10.0% from FY 2020). Net income: NT$8.90b (up 34% from FY 2020). Profit margin: 11% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 8.2%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$3.20 (vs NT$2.10 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$22.3b (up 18% from 3Q 2020). Net income: NT$2.47b (up 52% from 3Q 2020). Profit margin: 11% (up from 8.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$2.88 (vs NT$2.26 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$20.6b (up 6.2% from 2Q 2020). Net income: NT$2.22b (up 27% from 2Q 2020). Profit margin: 11% (up from 9.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year.
Upcoming Dividend • Jul 23Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 03 September 2021. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%).
Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$2.21 (vs NT$2.11 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$18.4b (down 2.0% from 1Q 2020). Net income: NT$1.71b (up 4.6% from 1Q 2020). Profit margin: 9.3% (up from 8.7% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year.
Price Target Changed • Apr 29Price target increased to NT$130Up from NT$121, the current price target is an average from 10 analysts. New target price is 17% above last closing price of NT$112. Stock is up 10% over the past year.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$8.60 (vs NT$7.52 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: NT$76.2b (up 14% from FY 2019). Net income: NT$6.66b (up 14% from FY 2019). Profit margin: 8.7% (down from 8.8% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year.
Is New 90 Day High Low • Jan 18New 90-day high: NT$102The company is up 19% from its price of NT$85.60 on 20 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$87.28 per share.