View Financial HealthElite Material 配当と自社株買い配当金 基準チェック /06Elite Material配当を支払う会社であり、現在の利回りは0.53%です。主要情報0.5%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回り2.9%配当成長17.0%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向54%最近の配当と自社株買いの更新Upcoming Dividend • Aug 21Upcoming dividend of NT$16.58 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.7%).Declared Dividend • Aug 01Dividend of NT$17.00 announcedShareholders will receive a dividend of NT$17.00. Ex-date: 28th August 2025 Payment date: 26th September 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (39% 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 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Aug 22Upcoming dividend of NT$9.98 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.8%).Declared Dividend • Aug 02Dividend increased to NT$10.00Dividend of NT$10.00 is 19% higher than last year. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (48% 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 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 01Elite Material Co., Ltd. Announces Dividend, Payable on September 27, 2024The board of directors of Elite Material Co., Ltd. announced cash dividend of TWD 3,439,332,300 or equivalent to TWD 10 per share. Ex-rights (Ex-dividend) date: August 29, 2024. Ex-rights (Ex-dividend) record date: September 6, 2024. Payment date of cash dividend distribution: September 27, 2024.Upcoming Dividend • Aug 17Upcoming dividend of NT$8.41 per share at 2.3% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.2%).すべての更新を表示Recent updatesReported Earnings • Apr 30First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$14.00 (up from NT$10.01 in 1Q 2025). Revenue: NT$33.1b (up 53% from 1Q 2025). Net income: NT$5.34b (up 54% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 203% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Apr 30Price target increased by 22% to NT$4,187Up from NT$3,425, the current price target is an average from 14 analysts. New target price is 8.5% below last closing price of NT$4,575. Stock is up 723% over the past year. The company is forecast to post earnings per share of NT$83.03 for next year compared to NT$41.67 last year.Price Target Changed • Apr 27Price target increased by 8.1% to NT$3,485Up from NT$3,223, the current price target is an average from 14 analysts. New target price is 26% below last closing price of NT$4,730. Stock is up 749% over the past year. The company is forecast to post earnings per share of NT$75.55 for next year compared to NT$41.67 last year.Price Target Changed • Apr 18Price target increased by 7.4% to NT$3,260Up from NT$3,035, the current price target is an average from 14 analysts. New target price is 14% below last closing price of NT$3,800. Stock is up 628% over the past year. The company is forecast to post earnings per share of NT$74.67 for next year compared to NT$41.67 last year.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$3,220, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 1,758% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,052 per share.Reported Earnings • Mar 12Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$41.67 (up from NT$27.81 in FY 2024). Revenue: NT$94.3b (up 46% from FY 2024). Net income: NT$14.6b (up 53% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 148% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 12Elite Material Co., Ltd., Annual General Meeting, May 27, 2026Elite Material Co., Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,18, ta t`ung 1st rd., guanyin district, taoyuan city TaiwanPrice Target Changed • Mar 10Price target increased by 11% to NT$2,338Up from NT$2,099, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$2,365. Stock is up 320% over the past year. The company is forecast to post earnings per share of NT$41.59 for next year compared to NT$27.81 last year.Price Target Changed • Feb 23Price target increased by 7.2% to NT$2,049Up from NT$1,910, the current price target is an average from 14 analysts. New target price is 5.8% below last closing price of NT$2,175. Stock is up 265% over the past year. The company is forecast to post earnings per share of NT$41.85 for next year compared to NT$27.81 last year.Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$1,900, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 962% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,299 per share.Buy Or Sell Opportunity • Jan 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 46% to NT$1,660. The fair value is estimated to be NT$1,383, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 68% in 2 years. Earnings are forecast to grow by 95% in the next 2 years.Price Target Changed • Jan 09Price target increased by 7.7% to NT$1,788Up from NT$1,660, the current price target is an average from 12 analysts. New target price is 14% above last closing price of NT$1,565. Stock is up 165% over the past year. The company is forecast to post earnings per share of NT$42.15 for next year compared to NT$27.81 last year.New Risk • Dec 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (35% accrual ratio).Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,530, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 748% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$689 per share.Price Target Changed • Nov 04Price target increased by 10% to NT$1,430Up from NT$1,295, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$1,470. Stock is up 244% over the past year. The company is forecast to post earnings per share of NT$42.50 for next year compared to NT$27.81 last year.Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: NT$11.19 (vs NT$7.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$11.19 (up from NT$7.30 in 3Q 2024). Revenue: NT$25.1b (up 44% from 3Q 2024). Net income: NT$3.97b (up 58% from 3Q 2024). Profit margin: 16% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$1,360, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 773% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,135 per share.Buy Or Sell Opportunity • Oct 02Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 40% to NT$1,295. The fair value is estimated to be NT$1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 83% in the next 2 years.Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,325, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 704% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,039 per share.Buy Or Sell Opportunity • Sep 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 46% to NT$1,250. The fair value is estimated to be NT$1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 83% in the next 2 years.Upcoming Dividend • Aug 21Upcoming dividend of NT$16.58 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.7%).Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 87% to NT$1,280. The fair value is estimated to be NT$1,057, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 82% in the next 2 years.Declared Dividend • Aug 01Dividend of NT$17.00 announcedShareholders will receive a dividend of NT$17.00. Ex-date: 28th August 2025 Payment date: 26th September 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (39% 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 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 31Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$10.02 (up from NT$7.08 in 2Q 2024). Revenue: NT$22.5b (up 46% from 2Q 2024). Net income: NT$3.48b (up 43% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Jul 31Price target increased by 12% to NT$1,143Up from NT$1,018, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$1,105. Stock is up 163% over the past year. The company is forecast to post earnings per share of NT$44.93 for next year compared to NT$27.81 last year.Price Target Changed • Jul 03Price target increased by 7.9% to NT$950Up from NT$881, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$928. Stock is up 88% over the past year. The company is forecast to post earnings per share of NT$43.02 for next year compared to NT$27.81 last year.Buy Or Sell Opportunity • Jun 11Now 21% undervaluedOver the last 90 days, the stock has risen 49% to NT$867. The fair value is estimated to be NT$1,103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Shouzhen Cheng was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • May 23Now 21% undervaluedOver the last 90 days, the stock has risen 17% to NT$706. The fair value is estimated to be NT$890, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 49% in the next 2 years.Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$662, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$890 per share.Price Target Changed • May 05Price target increased by 7.2% to NT$802Up from NT$748, the current price target is an average from 12 analysts. New target price is 29% above last closing price of NT$623. Stock is up 46% over the past year. The company is forecast to post earnings per share of NT$40.99 for next year compared to NT$27.81 last year.Reported Earnings • May 03First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$10.01 (up from NT$5.76 in 1Q 2024). Revenue: NT$21.7b (up 68% from 1Q 2024). Net income: NT$3.47b (up 75% from 1Q 2024). Profit margin: 16% (in line with 1Q 2024). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$453, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 111% over the past three years.お知らせ • Apr 01Elite Material Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Elite Material Co., Ltd. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on Apr 30, 2025Reported Earnings • Mar 02Full year 2024 earnings: EPS in line with analyst expectations despite revenue beatFull year 2024 results: EPS: NT$27.81 (up from NT$16.35 in FY 2023). Revenue: NT$64.4b (up 56% from FY 2023). Net income: NT$9.58b (up 75% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 27Elite Material Co., Ltd., Annual General Meeting, May 14, 2025Elite Material Co., Ltd., Annual General Meeting, May 14, 2025, at 09:00 Taipei Standard Time. Location: no,18, ta t`ung 1st rd., guanyin district, taoyuan city TaiwanMajor Estimate Revision • Feb 27Consensus revenue estimates increase by 16%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$73.5b to NT$85.2b. EPS estimate increased from NT$33.58 to NT$39.71 per share. Net income forecast to grow 43% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$633 to NT$728. Share price rose 4.8% to NT$632 over the past week.Price Target Changed • Feb 26Price target increased by 11% to NT$699Up from NT$633, the current price target is an average from 13 analysts. New target price is 10% above last closing price of NT$633. Stock is up 26% over the past year. The company is forecast to post earnings per share of NT$27.75 for next year compared to NT$16.35 last year.お知らせ • Feb 20Elite Material Co., Ltd. to Report Fiscal Year 2024 Results on Feb 25, 2025Elite Material Co., Ltd. announced that they will report fiscal year 2024 results on Feb 25, 2025New Risk • Feb 03New 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (6.2% average weekly change).Reported Earnings • Nov 03Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$7.30 (up from NT$6.04 in 3Q 2023). Revenue: NT$17.5b (up 47% from 3Q 2023). Net income: NT$2.52b (up 24% from 3Q 2023). Profit margin: 14% (down from 17% in 3Q 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 2.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Sep 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to NT$462. The fair value is estimated to be NT$584, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.Buy Or Sell Opportunity • Sep 04Now 21% undervaluedOver the last 90 days, the stock has risen 5.5% to NT$467. The fair value is estimated to be NT$589, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.Upcoming Dividend • Aug 22Upcoming dividend of NT$9.98 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.8%).Reported Earnings • Aug 03Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2024 results: EPS: NT$7.08 (up from NT$3.01 in 2Q 2023). Revenue: NT$15.4b (up 68% from 2Q 2023). Net income: NT$2.44b (up 144% from 2Q 2023). Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 02Elite Material Co., Ltd. announced that it expects to receive TWD 3 billion in fundingElite Material Co., Ltd. announced a private placement to issue Zero Coupon Series 7 Unsecured Convertible Bonds for the gross proceeds of TWD 3,000,000,000 on July 31, 2024. The bonds bear zero coupon rate, matures after 5 years. The transaction has been approved by shareholders of company.Declared Dividend • Aug 02Dividend increased to NT$10.00Dividend of NT$10.00 is 19% higher than last year. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (48% 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 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 01Elite Material Co., Ltd. Announces Dividend, Payable on September 27, 2024The board of directors of Elite Material Co., Ltd. announced cash dividend of TWD 3,439,332,300 or equivalent to TWD 10 per share. Ex-rights (Ex-dividend) date: August 29, 2024. Ex-rights (Ex-dividend) record date: September 6, 2024. Payment date of cash dividend distribution: September 27, 2024.お知らせ • May 30+ 1 more updateElite Material Co., Ltd. Appoints Shouzhen, Cheng as Independent DirectorElite Material Co., Ltd. appointed Shouzhen, Cheng, Partner of TSAR &TSAI LAW FIRM as independent director, effective May 29, 2024.お知らせ • May 07+ 2 more updatesElite Material Co., Ltd. to Report Q2, 2024 Results on Jul 31, 2024Elite Material Co., Ltd. announced that they will report Q2, 2024 results on Jul 31, 2024Reported Earnings • May 02First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: NT$5.76 (up from NT$1.44 in 1Q 2023). Revenue: NT$12.9b (up 75% from 1Q 2023). Net income: NT$1.98b (up 312% from 1Q 2023). Profit margin: 15% (up from 6.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 24Elite Material Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Elite Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$405, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$536 per share.Price Target Changed • Mar 13Price target increased by 8.0% to NT$562Up from NT$521, the current price target is an average from 12 analysts. New target price is 39% above last closing price of NT$405. Stock is up 137% over the past year. The company is forecast to post earnings per share of NT$25.54 for next year compared to NT$16.35 last year.Buy Or Sell Opportunity • Mar 12Now 22% undervaluedOver the last 90 days, the stock has risen 18% to NT$451. The fair value is estimated to be NT$580, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 4.5%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.Reported Earnings • Mar 03Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$16.35 (up from NT$15.24 in FY 2022). Revenue: NT$41.3b (up 6.8% from FY 2022). Net income: NT$5.49b (up 8.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 01+ 2 more updatesElite Material Co., Ltd., Annual General Meeting, May 29, 2024Elite Material Co., Ltd., Annual General Meeting, May 29, 2024. Location: Meeting room at the Company Headquarters. No. 18 Datong 1st Road,Guanyin District Taoyuan City Taiwan Agenda: To report Year 2023 business operations and financial results; to report the Year 2023 financial statements examined by the auditing committee; to report the compensation of employees and remuneration of board Directors; to approve the proposal for distribution of 2023 profits; and to consider other matters.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$499, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$456 per share.お知らせ • Dec 30Elite Material Co., Ltd. Announces Change of the Company's PresidentElite Material Co., Ltd. announced change of En-Xiang, Guan as President due to Job relocation. In response to the rapid growth of China operations (such as the relocation and expansion of 300 acres of land in the Zhongshan factory, the establishment of a new factory in Malaysia, etc.), therefore, assigned Mr. Guan Enxiang to be responsible for the overall management of the fore-mentioned operations.New Risk • Oct 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).Reported Earnings • Oct 29Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: NT$6.04 (up from NT$3.93 in 3Q 2022). Revenue: NT$11.9b (up 20% from 3Q 2022). Net income: NT$2.02b (up 55% from 3Q 2022). Profit margin: 17% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Oct 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.4%. The fair value is estimated to be NT$479, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 51% in 2 years. Earnings is forecast to grow by 112% in the next 2 years.Upcoming Dividend • Aug 17Upcoming dividend of NT$8.41 per share at 2.3% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.2%).New Risk • Aug 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Dividend is not well covered by cash flows (113% cash payout ratio).Major Estimate Revision • Aug 02Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from NT$37.1b to NT$38.3b. EPS estimate increased from NT$13.04 to NT$14.73 per share. Net income forecast to grow 48% next year vs 3.7% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$283 to NT$425. Share price rose 13% to NT$401 over the past week.お知らせ • Jul 27Elite Material Co., Ltd. Announces Dividend, Payable on September 22, 2023Elite Material Co., Ltd. announced total cash amount of TWD 2,829,805,542 or equivalent to TWD 8.5 per share. Ex-rights (ex-dividend) trading date is August 24, 2023; Ex-rights (ex-dividend) record date is September 01, 2023; Payment date of cash dividend distribution is September 22, 2023.Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: NT$3.00 (vs NT$3.25 in 2Q 2022)Second quarter 2023 results: EPS: NT$3.00 (down from NT$3.25 in 2Q 2022). Revenue: NT$9.18b (down 8.0% from 2Q 2022). Net income: NT$1.00b (down 7.6% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic 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 increased by 31% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$357, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 138% over the past three years.Price Target Changed • Jul 05Price target increased by 7.1% to NT$239Up from NT$223, the current price target is an average from 9 analysts. New target price is 11% below last closing price of NT$269. Stock is up 65% over the past year. The company is forecast to post earnings per share of NT$13.09 for next year compared to NT$15.24 last year.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$263, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$116 per share.Price Target Changed • Jun 14Price target increased by 8.2% to NT$223Up from NT$206, the current price target is an average from 8 analysts. New target price is 6.6% below last closing price of NT$239. Stock is up 6.7% over the past year. The company is forecast to post earnings per share of NT$13.12 for next year compared to NT$15.24 last year.New Risk • Jun 08New 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 6.0% 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 cash flows (169% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$191, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$109 per share.Reported Earnings • May 03First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: NT$1.44 (down from NT$3.98 in 1Q 2022). Revenue: NT$7.36b (down 26% from 1Q 2022). Net income: NT$479.7m (down 64% from 1Q 2022). Profit margin: 6.5% (down from 13% in 1Q 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 3.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.Major Estimate Revision • Apr 29Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$37.8b to NT$35.5b. EPS estimate also fell from NT$15.56 per share to NT$12.39 per share. Net income forecast to shrink 15% next year vs 7.0% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$231 to NT$199. Share price fell 3.3% to NT$164 over the past week.決済の安定と成長配当データの取得安定した配当: 2383はTW市場で注目すべき配当金を支払っていないため、支払いが安定しているかどうかを確認する必要はありません。増加する配当: 2383はTW市場で注目すべき配当金を支払っていないため、支払額が増加しているかどうかを確認する必要はありません。配当利回り対市場Elite Material 配当利回り対市場2383 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (2383)0.5%市場下位25% (TW)1.5%市場トップ25% (TW)5.0%業界平均 (Electronic)1.4%アナリスト予想 (2383) (最長3年)2.9%注目すべき配当: 2383の配当金 ( 0.53% ) はTW市場の配当金支払者の下位 25% ( 1.48% ) と比べると目立ったものではありません。高配当: 2383の配当金 ( 0.53% ) はTW市場の配当金支払者の上位 25% ( 5% ) と比較すると低いです。株主への利益配当収益カバレッジ: 2383 TW市場において目立った配当金を支払っていません。株主配当金キャッシュフローカバレッジ: 2383は配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management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2026/05/08 11:52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Elite Material Co., Ltd. 13 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。20 アナリスト機関Skye ChenAletheia Analyst Network LimitedMike YangBofA Global ResearchYijun TuCapital Securities Corporation17 その他のアナリストを表示
Upcoming Dividend • Aug 21Upcoming dividend of NT$16.58 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.7%).
Declared Dividend • Aug 01Dividend of NT$17.00 announcedShareholders will receive a dividend of NT$17.00. Ex-date: 28th August 2025 Payment date: 26th September 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (39% 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 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Aug 22Upcoming dividend of NT$9.98 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.8%).
Declared Dividend • Aug 02Dividend increased to NT$10.00Dividend of NT$10.00 is 19% higher than last year. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (48% 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 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 01Elite Material Co., Ltd. Announces Dividend, Payable on September 27, 2024The board of directors of Elite Material Co., Ltd. announced cash dividend of TWD 3,439,332,300 or equivalent to TWD 10 per share. Ex-rights (Ex-dividend) date: August 29, 2024. Ex-rights (Ex-dividend) record date: September 6, 2024. Payment date of cash dividend distribution: September 27, 2024.
Upcoming Dividend • Aug 17Upcoming dividend of NT$8.41 per share at 2.3% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.2%).
Reported Earnings • Apr 30First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$14.00 (up from NT$10.01 in 1Q 2025). Revenue: NT$33.1b (up 53% from 1Q 2025). Net income: NT$5.34b (up 54% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 203% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Apr 30Price target increased by 22% to NT$4,187Up from NT$3,425, the current price target is an average from 14 analysts. New target price is 8.5% below last closing price of NT$4,575. Stock is up 723% over the past year. The company is forecast to post earnings per share of NT$83.03 for next year compared to NT$41.67 last year.
Price Target Changed • Apr 27Price target increased by 8.1% to NT$3,485Up from NT$3,223, the current price target is an average from 14 analysts. New target price is 26% below last closing price of NT$4,730. Stock is up 749% over the past year. The company is forecast to post earnings per share of NT$75.55 for next year compared to NT$41.67 last year.
Price Target Changed • Apr 18Price target increased by 7.4% to NT$3,260Up from NT$3,035, the current price target is an average from 14 analysts. New target price is 14% below last closing price of NT$3,800. Stock is up 628% over the past year. The company is forecast to post earnings per share of NT$74.67 for next year compared to NT$41.67 last year.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$3,220, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 1,758% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,052 per share.
Reported Earnings • Mar 12Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$41.67 (up from NT$27.81 in FY 2024). Revenue: NT$94.3b (up 46% from FY 2024). Net income: NT$14.6b (up 53% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 148% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 12Elite Material Co., Ltd., Annual General Meeting, May 27, 2026Elite Material Co., Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,18, ta t`ung 1st rd., guanyin district, taoyuan city Taiwan
Price Target Changed • Mar 10Price target increased by 11% to NT$2,338Up from NT$2,099, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$2,365. Stock is up 320% over the past year. The company is forecast to post earnings per share of NT$41.59 for next year compared to NT$27.81 last year.
Price Target Changed • Feb 23Price target increased by 7.2% to NT$2,049Up from NT$1,910, the current price target is an average from 14 analysts. New target price is 5.8% below last closing price of NT$2,175. Stock is up 265% over the past year. The company is forecast to post earnings per share of NT$41.85 for next year compared to NT$27.81 last year.
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$1,900, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 962% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,299 per share.
Buy Or Sell Opportunity • Jan 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 46% to NT$1,660. The fair value is estimated to be NT$1,383, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 68% in 2 years. Earnings are forecast to grow by 95% in the next 2 years.
Price Target Changed • Jan 09Price target increased by 7.7% to NT$1,788Up from NT$1,660, the current price target is an average from 12 analysts. New target price is 14% above last closing price of NT$1,565. Stock is up 165% over the past year. The company is forecast to post earnings per share of NT$42.15 for next year compared to NT$27.81 last year.
New Risk • Dec 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (35% accrual ratio).
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,530, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 748% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$689 per share.
Price Target Changed • Nov 04Price target increased by 10% to NT$1,430Up from NT$1,295, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$1,470. Stock is up 244% over the past year. The company is forecast to post earnings per share of NT$42.50 for next year compared to NT$27.81 last year.
Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: NT$11.19 (vs NT$7.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$11.19 (up from NT$7.30 in 3Q 2024). Revenue: NT$25.1b (up 44% from 3Q 2024). Net income: NT$3.97b (up 58% from 3Q 2024). Profit margin: 16% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$1,360, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 773% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,135 per share.
Buy Or Sell Opportunity • Oct 02Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 40% to NT$1,295. The fair value is estimated to be NT$1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 83% in the next 2 years.
Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,325, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 704% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,039 per share.
Buy Or Sell Opportunity • Sep 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 46% to NT$1,250. The fair value is estimated to be NT$1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 83% in the next 2 years.
Upcoming Dividend • Aug 21Upcoming dividend of NT$16.58 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.7%).
Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 87% to NT$1,280. The fair value is estimated to be NT$1,057, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 82% in the next 2 years.
Declared Dividend • Aug 01Dividend of NT$17.00 announcedShareholders will receive a dividend of NT$17.00. Ex-date: 28th August 2025 Payment date: 26th September 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (39% 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 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 31Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$10.02 (up from NT$7.08 in 2Q 2024). Revenue: NT$22.5b (up 46% from 2Q 2024). Net income: NT$3.48b (up 43% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Jul 31Price target increased by 12% to NT$1,143Up from NT$1,018, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$1,105. Stock is up 163% over the past year. The company is forecast to post earnings per share of NT$44.93 for next year compared to NT$27.81 last year.
Price Target Changed • Jul 03Price target increased by 7.9% to NT$950Up from NT$881, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$928. Stock is up 88% over the past year. The company is forecast to post earnings per share of NT$43.02 for next year compared to NT$27.81 last year.
Buy Or Sell Opportunity • Jun 11Now 21% undervaluedOver the last 90 days, the stock has risen 49% to NT$867. The fair value is estimated to be NT$1,103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.
Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Shouzhen Cheng was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • May 23Now 21% undervaluedOver the last 90 days, the stock has risen 17% to NT$706. The fair value is estimated to be NT$890, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 49% in the next 2 years.
Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$662, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$890 per share.
Price Target Changed • May 05Price target increased by 7.2% to NT$802Up from NT$748, the current price target is an average from 12 analysts. New target price is 29% above last closing price of NT$623. Stock is up 46% over the past year. The company is forecast to post earnings per share of NT$40.99 for next year compared to NT$27.81 last year.
Reported Earnings • May 03First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$10.01 (up from NT$5.76 in 1Q 2024). Revenue: NT$21.7b (up 68% from 1Q 2024). Net income: NT$3.47b (up 75% from 1Q 2024). Profit margin: 16% (in line with 1Q 2024). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$453, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 111% over the past three years.
お知らせ • Apr 01Elite Material Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Elite Material Co., Ltd. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on Apr 30, 2025
Reported Earnings • Mar 02Full year 2024 earnings: EPS in line with analyst expectations despite revenue beatFull year 2024 results: EPS: NT$27.81 (up from NT$16.35 in FY 2023). Revenue: NT$64.4b (up 56% from FY 2023). Net income: NT$9.58b (up 75% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 27Elite Material Co., Ltd., Annual General Meeting, May 14, 2025Elite Material Co., Ltd., Annual General Meeting, May 14, 2025, at 09:00 Taipei Standard Time. Location: no,18, ta t`ung 1st rd., guanyin district, taoyuan city Taiwan
Major Estimate Revision • Feb 27Consensus revenue estimates increase by 16%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$73.5b to NT$85.2b. EPS estimate increased from NT$33.58 to NT$39.71 per share. Net income forecast to grow 43% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$633 to NT$728. Share price rose 4.8% to NT$632 over the past week.
Price Target Changed • Feb 26Price target increased by 11% to NT$699Up from NT$633, the current price target is an average from 13 analysts. New target price is 10% above last closing price of NT$633. Stock is up 26% over the past year. The company is forecast to post earnings per share of NT$27.75 for next year compared to NT$16.35 last year.
お知らせ • Feb 20Elite Material Co., Ltd. to Report Fiscal Year 2024 Results on Feb 25, 2025Elite Material Co., Ltd. announced that they will report fiscal year 2024 results on Feb 25, 2025
New Risk • Feb 03New 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (6.2% average weekly change).
Reported Earnings • Nov 03Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$7.30 (up from NT$6.04 in 3Q 2023). Revenue: NT$17.5b (up 47% from 3Q 2023). Net income: NT$2.52b (up 24% from 3Q 2023). Profit margin: 14% (down from 17% in 3Q 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 2.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Sep 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to NT$462. The fair value is estimated to be NT$584, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.
Buy Or Sell Opportunity • Sep 04Now 21% undervaluedOver the last 90 days, the stock has risen 5.5% to NT$467. The fair value is estimated to be NT$589, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.
Upcoming Dividend • Aug 22Upcoming dividend of NT$9.98 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.8%).
Reported Earnings • Aug 03Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2024 results: EPS: NT$7.08 (up from NT$3.01 in 2Q 2023). Revenue: NT$15.4b (up 68% from 2Q 2023). Net income: NT$2.44b (up 144% from 2Q 2023). Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 02Elite Material Co., Ltd. announced that it expects to receive TWD 3 billion in fundingElite Material Co., Ltd. announced a private placement to issue Zero Coupon Series 7 Unsecured Convertible Bonds for the gross proceeds of TWD 3,000,000,000 on July 31, 2024. The bonds bear zero coupon rate, matures after 5 years. The transaction has been approved by shareholders of company.
Declared Dividend • Aug 02Dividend increased to NT$10.00Dividend of NT$10.00 is 19% higher than last year. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (48% 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 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 01Elite Material Co., Ltd. Announces Dividend, Payable on September 27, 2024The board of directors of Elite Material Co., Ltd. announced cash dividend of TWD 3,439,332,300 or equivalent to TWD 10 per share. Ex-rights (Ex-dividend) date: August 29, 2024. Ex-rights (Ex-dividend) record date: September 6, 2024. Payment date of cash dividend distribution: September 27, 2024.
お知らせ • May 30+ 1 more updateElite Material Co., Ltd. Appoints Shouzhen, Cheng as Independent DirectorElite Material Co., Ltd. appointed Shouzhen, Cheng, Partner of TSAR &TSAI LAW FIRM as independent director, effective May 29, 2024.
お知らせ • May 07+ 2 more updatesElite Material Co., Ltd. to Report Q2, 2024 Results on Jul 31, 2024Elite Material Co., Ltd. announced that they will report Q2, 2024 results on Jul 31, 2024
Reported Earnings • May 02First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: NT$5.76 (up from NT$1.44 in 1Q 2023). Revenue: NT$12.9b (up 75% from 1Q 2023). Net income: NT$1.98b (up 312% from 1Q 2023). Profit margin: 15% (up from 6.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 24Elite Material Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Elite Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$405, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$536 per share.
Price Target Changed • Mar 13Price target increased by 8.0% to NT$562Up from NT$521, the current price target is an average from 12 analysts. New target price is 39% above last closing price of NT$405. Stock is up 137% over the past year. The company is forecast to post earnings per share of NT$25.54 for next year compared to NT$16.35 last year.
Buy Or Sell Opportunity • Mar 12Now 22% undervaluedOver the last 90 days, the stock has risen 18% to NT$451. The fair value is estimated to be NT$580, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 4.5%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.
Reported Earnings • Mar 03Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$16.35 (up from NT$15.24 in FY 2022). Revenue: NT$41.3b (up 6.8% from FY 2022). Net income: NT$5.49b (up 8.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 01+ 2 more updatesElite Material Co., Ltd., Annual General Meeting, May 29, 2024Elite Material Co., Ltd., Annual General Meeting, May 29, 2024. Location: Meeting room at the Company Headquarters. No. 18 Datong 1st Road,Guanyin District Taoyuan City Taiwan Agenda: To report Year 2023 business operations and financial results; to report the Year 2023 financial statements examined by the auditing committee; to report the compensation of employees and remuneration of board Directors; to approve the proposal for distribution of 2023 profits; and to consider other matters.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$499, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$456 per share.
お知らせ • Dec 30Elite Material Co., Ltd. Announces Change of the Company's PresidentElite Material Co., Ltd. announced change of En-Xiang, Guan as President due to Job relocation. In response to the rapid growth of China operations (such as the relocation and expansion of 300 acres of land in the Zhongshan factory, the establishment of a new factory in Malaysia, etc.), therefore, assigned Mr. Guan Enxiang to be responsible for the overall management of the fore-mentioned operations.
New Risk • Oct 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
Reported Earnings • Oct 29Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: NT$6.04 (up from NT$3.93 in 3Q 2022). Revenue: NT$11.9b (up 20% from 3Q 2022). Net income: NT$2.02b (up 55% from 3Q 2022). Profit margin: 17% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Oct 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.4%. The fair value is estimated to be NT$479, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 51% in 2 years. Earnings is forecast to grow by 112% in the next 2 years.
Upcoming Dividend • Aug 17Upcoming dividend of NT$8.41 per share at 2.3% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.2%).
New Risk • Aug 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Dividend is not well covered by cash flows (113% cash payout ratio).
Major Estimate Revision • Aug 02Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from NT$37.1b to NT$38.3b. EPS estimate increased from NT$13.04 to NT$14.73 per share. Net income forecast to grow 48% next year vs 3.7% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$283 to NT$425. Share price rose 13% to NT$401 over the past week.
お知らせ • Jul 27Elite Material Co., Ltd. Announces Dividend, Payable on September 22, 2023Elite Material Co., Ltd. announced total cash amount of TWD 2,829,805,542 or equivalent to TWD 8.5 per share. Ex-rights (ex-dividend) trading date is August 24, 2023; Ex-rights (ex-dividend) record date is September 01, 2023; Payment date of cash dividend distribution is September 22, 2023.
Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: NT$3.00 (vs NT$3.25 in 2Q 2022)Second quarter 2023 results: EPS: NT$3.00 (down from NT$3.25 in 2Q 2022). Revenue: NT$9.18b (down 8.0% from 2Q 2022). Net income: NT$1.00b (down 7.6% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic 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 increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$357, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 138% over the past three years.
Price Target Changed • Jul 05Price target increased by 7.1% to NT$239Up from NT$223, the current price target is an average from 9 analysts. New target price is 11% below last closing price of NT$269. Stock is up 65% over the past year. The company is forecast to post earnings per share of NT$13.09 for next year compared to NT$15.24 last year.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$263, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$116 per share.
Price Target Changed • Jun 14Price target increased by 8.2% to NT$223Up from NT$206, the current price target is an average from 8 analysts. New target price is 6.6% below last closing price of NT$239. Stock is up 6.7% over the past year. The company is forecast to post earnings per share of NT$13.12 for next year compared to NT$15.24 last year.
New Risk • Jun 08New 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 6.0% 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 cash flows (169% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$191, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$109 per share.
Reported Earnings • May 03First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: NT$1.44 (down from NT$3.98 in 1Q 2022). Revenue: NT$7.36b (down 26% from 1Q 2022). Net income: NT$479.7m (down 64% from 1Q 2022). Profit margin: 6.5% (down from 13% in 1Q 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 3.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year.
Major Estimate Revision • Apr 29Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$37.8b to NT$35.5b. EPS estimate also fell from NT$15.56 per share to NT$12.39 per share. Net income forecast to shrink 15% next year vs 7.0% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$231 to NT$199. Share price fell 3.3% to NT$164 over the past week.