Taiwan Surface Mounting Technology（6278）株式概要台湾表面実装技術股份有限公司は、TFT-LCDパネル、一般電子情報製品、PCB表面実装パッケージの設計、加工、製造、貿易を世界的に行っています。 詳細6278 ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長3/6過去の実績1/6財務の健全性6/6配当金3/6報酬当社が推定した公正価値より43.4%で取引されている 収益は年間44.88%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析2.74%の配当はフリーキャッシュフローで十分にカバーされていない TW市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る6278 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$201.0018.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture085b2016201920222025202620282031Revenue NT$84.6bEarnings NT$4.3bAdvancedSet Fair ValueView all narrativesTaiwan Surface Mounting Technology Corp. 競合他社Bellwether ElectronicSymbol: TPEX:7861Market cap: NT$58.1bTXCSymbol: TWSE:3042Market cap: NT$52.4bGlobal Brands ManufactureSymbol: TWSE:6191Market cap: NT$47.7bTong Hsing Electronic IndustriesSymbol: TWSE:6271Market cap: NT$37.9b価格と性能株価の高値、安値、推移の概要Taiwan Surface Mounting Technology過去の株価現在の株価NT$201.0052週高値NT$201.0052週安値NT$91.40ベータ1.251ヶ月の変化112.25%3ヶ月変化108.72%1年変化95.15%3年間の変化111.36%5年間の変化103.65%IPOからの変化2,151.12%最新ニュースNew Risk • May 06New 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 9.3% 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 (100% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change).Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$185, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$353 per share.Reported Earnings • Apr 30First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: NT$2.00 (down from NT$2.88 in 1Q 2025). Revenue: NT$12.6b (up 1.1% from 1Q 2025). Net income: NT$627.4m (down 26% from 1Q 2025). Profit margin: 5.0% (down from 6.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic 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 20% per year, which means it is well ahead of earnings.New Risk • Apr 30New major risk - Revenue and earnings growthEarnings have declined by 5.6% 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 Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (93% cash payout ratio).お知らせ • Apr 23Taiwan Surface Mounting Technology Corp. to Report Q1, 2026 Results on Apr 28, 2026Taiwan Surface Mounting Technology Corp. announced that they will report Q1, 2026 results on Apr 28, 2026Major Estimate Revision • Apr 22Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$53.6b to NT$52.0b. EPS estimate also fell from NT$12.92 per share to NT$10.50 per share. Net income forecast to grow 12% next year vs 28% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$126 to NT$163. Share price rose 15% to NT$158 over the past week.最新情報をもっと見るRecent updatesNew Risk • May 06New 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 9.3% 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 (100% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change).Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$185, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$353 per share.Reported Earnings • Apr 30First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: NT$2.00 (down from NT$2.88 in 1Q 2025). Revenue: NT$12.6b (up 1.1% from 1Q 2025). Net income: NT$627.4m (down 26% from 1Q 2025). Profit margin: 5.0% (down from 6.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic 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 20% per year, which means it is well ahead of earnings.New Risk • Apr 30New major risk - Revenue and earnings growthEarnings have declined by 5.6% 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 Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (93% cash payout ratio).お知らせ • Apr 23Taiwan Surface Mounting Technology Corp. to Report Q1, 2026 Results on Apr 28, 2026Taiwan Surface Mounting Technology Corp. announced that they will report Q1, 2026 results on Apr 28, 2026Major Estimate Revision • Apr 22Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$53.6b to NT$52.0b. EPS estimate also fell from NT$12.92 per share to NT$10.50 per share. Net income forecast to grow 12% next year vs 28% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$126 to NT$163. Share price rose 15% to NT$158 over the past week.Price Target Changed • Apr 18Price target increased by 21% to NT$149Up from NT$123, the current price target is an average from 2 analysts. New target price is 5.1% below last closing price of NT$157. Stock is up 68% over the past year. The company is forecast to post earnings per share of NT$11.72 for next year compared to NT$9.39 last year.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$114, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$59.14 per share.お知らせ • Mar 11Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 17, 2026Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 17, 2026. Location: 2 floor no,398, t`ao ying rd., taoyuan district, taoyuan city TaiwanReported Earnings • Mar 11Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$9.39 (down from NT$9.94 in FY 2024). Revenue: NT$49.9b (up 10% from FY 2024). Net income: NT$2.75b (down 5.5% from FY 2024). Profit margin: 5.5% (down from 6.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Price Target Changed • Dec 11Price target increased by 14% to NT$140Up from NT$123, the current price target is provided by 1 analyst. New target price is 40% above last closing price of NT$100.00. Stock is down 4.8% over the past year. The company is forecast to post earnings per share of NT$9.34 for next year compared to NT$9.94 last year.Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: NT$2.38 (vs NT$2.27 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.38 (up from NT$2.27 in 3Q 2024). Revenue: NT$12.8b (up 16% from 3Q 2024). Net income: NT$695.9m (up 5.1% from 3Q 2024). Profit margin: 5.4% (down from 6.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$1.64 (down from NT$2.94 in 2Q 2024). Revenue: NT$12.6b (up 9.4% from 2Q 2024). Net income: NT$480.0m (down 44% from 2Q 2024). Profit margin: 3.8% (down from 7.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 06Upcoming dividend of NT$5.50 per shareEligible shareholders must have bought the stock before 10 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).Declared Dividend • Jun 21Dividend increased to NT$5.50Dividend of NT$5.50 is 10% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 5.1%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (199% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 20+ 3 more updatesTaiwan Surface Mounting Technology Corp. Announces Cash Dividend for the Year 2024, Payable on August 8, 2025Taiwan Surface Mounting Technology Corp. at its meeting held on June 19, 2025 announced cash dividend of TWD 1,608,190,942(TWD 5.5 per share) for the year 2024, payable on August 8, 2025. Ex-rights (ex-dividend) trading date: July 10, 2025. Ex-rights (ex-dividend) record date: July 16, 2025.Reported Earnings • May 02First quarter 2025 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2025 results: EPS: NT$2.66 (up from NT$2.33 in 1Q 2024). Revenue: NT$12.4b (up 14% from 1Q 2024). Net income: NT$841.8m (up 24% from 1Q 2024). Profit margin: 6.8% (up from 6.2% in 1Q 2024). 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. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Apr 22Taiwan Surface Mounting Technology Corp. to Report Q1, 2025 Results on Apr 29, 2025Taiwan Surface Mounting Technology Corp. announced that they will report Q1, 2025 results on Apr 29, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$90.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 1.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$44.97 per share.Reported Earnings • Mar 12Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$9.94 (up from NT$8.57 in FY 2023). Revenue: NT$45.3b (down 2.6% from FY 2023). Net income: NT$2.91b (up 16% from FY 2023). Profit margin: 6.4% (up from 5.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Mar 11Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 19, 2025Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 19, 2025. Location: 3 floor no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwanお知らせ • Feb 28Taiwan Surface Mounting Technology Corp. to Report Fiscal Year 2024 Results on Mar 10, 2025Taiwan Surface Mounting Technology Corp. announced that they will report fiscal year 2024 results at 9:00 AM, Taipei Standard Time on Mar 10, 2025Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: NT$2.26 (down from NT$3.12 in 3Q 2023). Revenue: NT$11.0b (down 14% from 3Q 2023). Net income: NT$662.4m (down 28% from 3Q 2023). Profit margin: 6.0% (down from 7.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Oct 22Taiwan Surface Mounting Technology Corp. to Report Q3, 2024 Results on Oct 29, 2024Taiwan Surface Mounting Technology Corp. announced that they will report Q3, 2024 results on Oct 29, 2024分析記事 • Oct 21Returns On Capital Signal Tricky Times Ahead For Taiwan Surface Mounting Technology (TWSE:6278)What are the early trends we should look for to identify a stock that could multiply in value over the long term...分析記事 • Sep 06Is It Too Late To Consider Buying Taiwan Surface Mounting Technology Corp. (TWSE:6278)?While Taiwan Surface Mounting Technology Corp. ( TWSE:6278 ) might not have the largest market cap around , it saw...Reported Earnings • Aug 13Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: NT$2.94 (up from NT$2.16 in 2Q 2023). Revenue: NT$11.5b (down 5.6% from 2Q 2023). Net income: NT$859.0m (up 36% from 2Q 2023). Profit margin: 7.5% (up from 5.2% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 35%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.分析記事 • Aug 09Taiwan Surface Mounting Technology Corp.'s (TWSE:6278) Low P/E No Reason For ExcitementWith a price-to-earnings (or "P/E") ratio of 11.2x Taiwan Surface Mounting Technology Corp. ( TWSE:6278 ) may be...お知らせ • Aug 02Taiwan Surface Mounting Technology Corp. to Report Q2, 2024 Results on Aug 09, 2024Taiwan Surface Mounting Technology Corp. announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Aug 09, 2024分析記事 • Jul 22We Think Taiwan Surface Mounting Technology (TWSE:6278) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Jun 24Taiwan Surface Mounting Technology (TWSE:6278) Has Announced That Its Dividend Will Be Reduced To NT$5.00Taiwan Surface Mounting Technology Corp.'s ( TWSE:6278 ) dividend is being reduced from last year's payment covering...Declared Dividend • Jun 24Dividend reduced to NT$5.00Dividend of NT$5.00 is 29% lower than last year. Ex-date: 11th July 2024 Payment date: 9th August 2024 Dividend yield will be 4.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 3.1% over the next year. However, it would need to fall by 44% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jun 24Taiwan Surface Mounting Technology Corp. Announces Cash Dividend, Payable on August 9, 2024Taiwan Surface Mounting Technology Corp. announced monetary amount of cash dividend distribution for common shares is TWD 1,461,991,765 (TWD 5.0 per share). Ex-rights (ex-dividend) trading date is July 11, 2024; Ex-rights (ex-dividend) record date is July 17, 2024; Payment date of common stock cash dividend distribution is August 9, 2024.分析記事 • May 31This Broker Just Slashed Their Taiwan Surface Mounting Technology Corp. (TWSE:6278) Earnings ForecastsThe analyst covering Taiwan Surface Mounting Technology Corp. ( TWSE:6278 ) delivered a dose of negativity to...Major Estimate Revision • May 31Consensus revenue estimates fall by 24%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$65.1b to NT$49.3b. EPS estimate fell from NT$14.95 to NT$8.83 per share. Net income forecast to shrink 9.8% next year vs 27% growth forecast for Electronic industry in Taiwan . Consensus price target broadly unchanged at NT$126. Share price was steady at NT$114 over the past week.New Risk • May 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.分析記事 • May 24Is It Time To Consider Buying Taiwan Surface Mounting Technology Corp. (TWSE:6278)?Taiwan Surface Mounting Technology Corp. ( TWSE:6278 ), might not be a large cap stock, but it led the TWSE gainers...Reported Earnings • May 03First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$2.33 (up from NT$0.97 in 1Q 2023). Revenue: NT$10.9b (up 16% from 1Q 2023). Net income: NT$681.3m (up 139% from 1Q 2023). Profit margin: 6.2% (up from 3.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.分析記事 • Apr 29Investors Continue Waiting On Sidelines For Taiwan Surface Mounting Technology Corp. (TWSE:6278)Taiwan Surface Mounting Technology Corp.'s ( TWSE:6278 ) price-to-earnings (or "P/E") ratio of 13.3x might make it look...分析記事 • Mar 20We Think You Can Look Beyond Taiwan Surface Mounting Technology's (TWSE:6278) Lackluster EarningsTaiwan Surface Mounting Technology Corp.'s ( TWSE:6278 ) recent soft profit numbers didn't appear to worry...Reported Earnings • Mar 14Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$8.57 (down from NT$13.82 in FY 2022). Revenue: NT$46.5b (down 32% from FY 2022). Net income: NT$2.51b (down 38% from FY 2022). Profit margin: 5.4% (down from 5.9% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 16% p.a. on average during the next 2 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 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.分析記事 • Mar 14Is Taiwan Surface Mounting Technology Corp. (TWSE:6278) Expensive For A Reason? A Look At Its Intrinsic ValueKey Insights The projected fair value for Taiwan Surface Mounting Technology is NT$83.22 based on Dividend Discount...お知らせ • Mar 13Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 21, 2024Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 21, 2024. Location: No.398, Taoying Rd., Taoyuan Dist 3rd Floor Ju-I Hall of Chuto Hotel Taoyuan City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider Report on the Distribution of Remuneration for Employees and Directors of 2023; to consider Report on the Distribution of 2023 cash dividends; to consider 2023 Business Report and Financial Statements; to consider 2023 Earnings Distribution Proposal.Buy Or Sell Opportunity • Mar 11Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 7.0% to NT$102. The fair value is estimated to be NT$83.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.Buy Or Sell Opportunity • Jan 25Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.6% to NT$92.80. The fair value is estimated to be NT$77.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.Major Estimate Revision • Nov 12Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$56.3b to NT$47.1b. EPS estimate fell from NT$10.98 to NT$8.56 per share. Net income forecast to grow 42% next year vs 9.7% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$128. Share price was steady at NT$92.40 over the past week.Reported Earnings • Oct 29Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: NT$3.13 (down from NT$3.62 in 3Q 2022). Revenue: NT$12.7b (down 27% from 3Q 2022). Net income: NT$913.2m (down 14% from 3Q 2022). Profit margin: 7.2% (up from 6.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 10% 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 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Major Estimate Revision • Sep 01Consensus EPS estimates increase by 22%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$9.03 to NT$10.98. Revenue forecast steady at NT$56.3b. Net income forecast to grow 31% next year vs 5.8% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$134 to NT$127. Share price was steady at NT$90.90 over the past week.Reported Earnings • Aug 05Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$2.16 (down from NT$2.87 in 2Q 2022). Revenue: NT$12.2b (down 21% from 2Q 2022). Net income: NT$631.9m (down 25% from 2Q 2022). Profit margin: 5.2% (down from 5.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 16% p.a. on average during the next 2 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 21% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 06Upcoming dividend of NT$7.00 per share at 6.9% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%).Major Estimate Revision • Jun 01Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$59.5b to NT$56.0b. EPS estimate also fell from NT$12.57 per share to NT$9.03 per share. Net income forecast to grow 0.2% next year vs 9.2% decline forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$126. Share price was steady at NT$99.10 over the past week.Reported Earnings • May 10First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: NT$0.97 (down from NT$4.18 in 1Q 2022). Revenue: NT$9.41b (down 48% from 1Q 2022). Net income: NT$284.7m (down 77% from 1Q 2022). Profit margin: 3.0% (down from 6.7% 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 8.0%. Revenue is forecast to grow 14% p.a. on average during the next 2 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 29% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Price Target Changed • Feb 04Price target decreased by 11% to NT$121Down from NT$136, the current price target is an average from 3 analysts. New target price is 29% above last closing price of NT$93.50. Stock is down 28% over the past year. The company is forecast to post earnings per share of NT$14.47 for next year compared to NT$12.70 last year.お知らせ • Dec 31Taiwan Surface Mounting Technology Corp. Announces President Changes, with Effect from January 1, 2023Taiwan Surface Mounting Technology Corp. announced the president changes as follows: Name of the previous position holder: Wu,Kai-Yun; Resume of the previous position holder: TSMT-Chairperson and President; Name of the new position holder: Wu,Yun-Chung; Resume of the new position holder: TSMT-Deputy President of Advanced Process Business Office; Reason for the change: job relocation; Effective date of the new appointment: 01 January 2023.Price Target Changed • Nov 16Price target decreased to NT$160Down from NT$180, the current price target is provided by 1 analyst. New target price is 71% above last closing price of NT$93.60. Stock is down 24% over the past year. The company is forecast to post earnings per share of NT$15.01 for next year compared to NT$12.70 last year.Reported Earnings • Oct 30Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: NT$3.63 (down from NT$3.83 in 3Q 2021). Revenue: NT$17.3b (down 7.5% from 3Q 2021). Net income: NT$1.06b (down 5.3% from 3Q 2021). Profit margin: 6.1% (up from 6.0% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$2.87 (vs NT$3.00 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.87 (down from NT$3.00 in 2Q 2021). Revenue: NT$15.4b (down 2.4% from 2Q 2021). Net income: NT$839.8m (down 4.3% from 2Q 2021). Profit margin: 5.5% (down from 5.6% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 3.7%, compared to a 20% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 07Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 7.6%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$81.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total returns to shareholders of 45% over the past three years.Price Target Changed • Jun 18Price target increased to NT$180Up from NT$164, the current price target is an average from 2 analysts. New target price is 73% above last closing price of NT$104. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$16.01 for next year compared to NT$12.70 last year.Reported Earnings • May 02First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$4.18 (up from NT$1.37 in 1Q 2021). Revenue: NT$18.1b (up 57% from 1Q 2021). Net income: NT$1.22b (up 205% from 1Q 2021). Profit margin: 6.7% (up from 3.5% in 1Q 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 2.9%. Over the next year, revenue is forecast to grow 3.5%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.5%. The fair value is estimated to be NT$148, 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% per annum over the last 3 years. Earnings per share has grown by 37% per annum over the last 3 years.Reported Earnings • Mar 17Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$12.70 (up from NT$7.50 in FY 2020). Revenue: NT$65.7b (up 59% from FY 2020). Net income: NT$3.71b (up 69% from FY 2020). Profit margin: 5.6% (up from 5.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$3.00 (vs NT$1.77 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$15.8b (up 64% from 2Q 2020). Net income: NT$877.2m (up 70% from 2Q 2020). Profit margin: 5.6% (up from 5.4% 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 41% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 10Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 15 September 2021. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.1%).Price Target Changed • Jul 22Price target increased to NT$156Up from NT$145, the current price target is an average from 3 analysts. New target price is 32% above last closing price of NT$118. Stock is down 21% over the past year.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$98.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 300% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$194 per share.Reported Earnings • May 02First quarter 2021 earnings released: EPS NT$1.37 (vs NT$0.55 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$11.5b (up 38% from 1Q 2020). Net income: NT$400.9m (up 149% from 1Q 2020). Profit margin: 3.5% (up from 1.9% in 1Q 2020). The increase in margin was driven by higher revenue. 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 65% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Apr 30We Think Taiwan Surface Mounting Technology (TPE:6278) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...分析記事 • Apr 06Taiwan Surface Mounting Technology (TPE:6278) Is Looking To Continue Growing Its Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...分析記事 • Mar 25Taiwan Surface Mounting Technology's (TPE:6278) Solid Earnings May Rest On Weak FoundationsTaiwan Surface Mounting Technology Corp.'s ( TPE:6278 ) healthy profit numbers didn't contain any surprises for...分析記事 • Mar 20Results: Taiwan Surface Mounting Technology Corp. Beat Earnings Expectations And Analysts Now Have New ForecastsInvestors in Taiwan Surface Mounting Technology Corp. ( TPE:6278 ) had a good week, as its shares rose 9.5% to close at...Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$7.50 (vs NT$6.96 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$41.4b (up 9.2% from FY 2019). Net income: NT$2.19b (up 7.8% from FY 2019). Profit margin: 5.3% (down from 5.4% 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 42% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 17Is There An Opportunity With Taiwan Surface Mounting Technology Corp.'s (TPE:6278) 47% Undervaluation?Does the March share price for Taiwan Surface Mounting Technology Corp. ( TPE:6278 ) reflect what it's really worth...分析記事 • Mar 02Shareholders of Taiwan Surface Mounting Technology (TPE:6278) Must Be Delighted With Their 345% Total ReturnIt hasn't been the best quarter for Taiwan Surface Mounting Technology Corp. ( TPE:6278 ) shareholders, since the share...Is New 90 Day High Low • Feb 24New 90-day low: NT$117The company is down 1.0% from its price of NT$119 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$218 per share.分析記事 • Feb 16With EPS Growth And More, Taiwan Surface Mounting Technology (TPE:6278) Is InterestingFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...分析記事 • Feb 02What Does Taiwan Surface Mounting Technology Corp.'s (TPE:6278) Share Price Indicate?Taiwan Surface Mounting Technology Corp. ( TPE:6278 ), is not the largest company out there, but it saw a significant...分析記事 • Jan 19Taiwan Surface Mounting Technology (TPE:6278) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Jan 06Is Taiwan Surface Mounting Technology Corp. (TPE:6278) A Smart Pick For Income Investors?Is Taiwan Surface Mounting Technology Corp. ( TPE:6278 ) a good dividend stock? How can we tell? Dividend paying...Is New 90 Day High Low • Jan 04New 90-day high: NT$138The company is up 31% from its price of NT$105 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$224 per share.分析記事 • Dec 21Does Taiwan Surface Mounting Technology (TPE:6278) Have The Makings Of A Multi-Bagger?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Dec 09Are Investors Undervaluing Taiwan Surface Mounting Technology Corp. (TPE:6278) By 32%?Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Taiwan Surface...Is New 90 Day High Low • Dec 02New 90-day high: NT$130The company is up 7.0% from its price of NT$121 on 03 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$188 per share.分析記事 • Nov 24Are Robust Financials Driving The Recent Rally In Taiwan Surface Mounting Technology Corp.'s (TPE:6278) Stock?Most readers would already be aware that Taiwan Surface Mounting Technology's (TPE:6278) stock increased significantly...Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 16% share price gain to NT$109, the stock is trading at a trailing P/E ratio of 15.3x, up from the previous P/E ratio of 13.2x. This compares to an average P/E of 23x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 302%.Reported Earnings • Oct 31Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$2.08b, up 13% from the prior year. Total revenue was NT$39.1b over the last 12 months, up 5.1% from the prior year.Is New 90 Day High Low • Oct 29New 90-day low: NT$98.20The company is down 27% from its price of NT$135 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$177 per share.Is New 90 Day High Low • Sep 22New 90-day low: NT$114The company is down 13% from its price of NT$130 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 28% over the same period.株主還元6278TW ElectronicTW 市場7D19.6%4.6%6.7%1Y95.1%187.5%98.2%株主還元を見る業界別リターン: 6278過去 1 年間で187.5 % の収益を上げたTW Electronic業界を下回りました。リターン対市場: 6278は、過去 1 年間で98.2 % のリターンを上げたTW市場を下回りました。価格変動Is 6278's price volatile compared to industry and market?6278 volatility6278 Average Weekly Movement9.8%Electronic Industry Average Movement8.1%Market Average Movement6.0%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 6278の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 6278の weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1990n/aYun-Chung Wuwww.tsmt.com.tw台湾表面実装技術股份有限公司は、TFT-LCDパネル、一般電子情報製品、PCB表面実装パッケージの設計、加工、製造、貿易を世界的に行っている。デジタルカメラ、携帯電話用LCDパネル、ノートパソコン、テレビ用TFT-LCDパネル、LEDテレビ用電源、LCDテレビ用インバーター制御ボードなどを提供している。また、マイクロプロジェクター、タッチパネル、DVD R/W、TVセット、照明アプリケーション制御ボード、ワイヤレスコントローラー、冷蔵庫ディスプレイパネル、デジタルカメラ/携帯電話、自動車ダッシュボードパネル、ノートパソコン、PC/LCDテレビバックライトバーも提供している。同社は1990年に設立され、台湾桃園市に本社を置いている。もっと見るTaiwan Surface Mounting Technology Corp. 基礎のまとめTaiwan Surface Mounting Technology の収益と売上を時価総額と比較するとどうか。6278 基礎統計学時価総額NT$58.77b収益（TTM）NT$2.53b売上高(TTM)NT$50.02b23.2xPER（株価収益率1.2xP/Sレシオ6278 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計6278 損益計算書（TTM）収益NT$50.02b売上原価NT$43.87b売上総利益NT$6.15bその他の費用NT$3.62b収益NT$2.53b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）8.66グロス・マージン12.29%純利益率5.06%有利子負債／自己資本比率26.7%6278 の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.7%現在の配当利回り58%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 08:24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Taiwan Surface Mounting Technology Corp. 2 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。10 アナリスト機関Sebastian HouBarclaysJasmine WeiBofA Global ResearchChris LinDaiwa Securities Co. Ltd.7 その他のアナリストを表示
New Risk • May 06New 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 9.3% 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 (100% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change).
Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$185, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$353 per share.
Reported Earnings • Apr 30First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: NT$2.00 (down from NT$2.88 in 1Q 2025). Revenue: NT$12.6b (up 1.1% from 1Q 2025). Net income: NT$627.4m (down 26% from 1Q 2025). Profit margin: 5.0% (down from 6.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic 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 20% per year, which means it is well ahead of earnings.
New Risk • Apr 30New major risk - Revenue and earnings growthEarnings have declined by 5.6% 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 Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (93% cash payout ratio).
お知らせ • Apr 23Taiwan Surface Mounting Technology Corp. to Report Q1, 2026 Results on Apr 28, 2026Taiwan Surface Mounting Technology Corp. announced that they will report Q1, 2026 results on Apr 28, 2026
Major Estimate Revision • Apr 22Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$53.6b to NT$52.0b. EPS estimate also fell from NT$12.92 per share to NT$10.50 per share. Net income forecast to grow 12% next year vs 28% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$126 to NT$163. Share price rose 15% to NT$158 over the past week.
New Risk • May 06New 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 9.3% 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 (100% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change).
Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$185, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$353 per share.
Reported Earnings • Apr 30First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: NT$2.00 (down from NT$2.88 in 1Q 2025). Revenue: NT$12.6b (up 1.1% from 1Q 2025). Net income: NT$627.4m (down 26% from 1Q 2025). Profit margin: 5.0% (down from 6.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic 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 20% per year, which means it is well ahead of earnings.
New Risk • Apr 30New major risk - Revenue and earnings growthEarnings have declined by 5.6% 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 Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (93% cash payout ratio).
お知らせ • Apr 23Taiwan Surface Mounting Technology Corp. to Report Q1, 2026 Results on Apr 28, 2026Taiwan Surface Mounting Technology Corp. announced that they will report Q1, 2026 results on Apr 28, 2026
Major Estimate Revision • Apr 22Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$53.6b to NT$52.0b. EPS estimate also fell from NT$12.92 per share to NT$10.50 per share. Net income forecast to grow 12% next year vs 28% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$126 to NT$163. Share price rose 15% to NT$158 over the past week.
Price Target Changed • Apr 18Price target increased by 21% to NT$149Up from NT$123, the current price target is an average from 2 analysts. New target price is 5.1% below last closing price of NT$157. Stock is up 68% over the past year. The company is forecast to post earnings per share of NT$11.72 for next year compared to NT$9.39 last year.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$114, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$59.14 per share.
お知らせ • Mar 11Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 17, 2026Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 17, 2026. Location: 2 floor no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan
Reported Earnings • Mar 11Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$9.39 (down from NT$9.94 in FY 2024). Revenue: NT$49.9b (up 10% from FY 2024). Net income: NT$2.75b (down 5.5% from FY 2024). Profit margin: 5.5% (down from 6.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Price Target Changed • Dec 11Price target increased by 14% to NT$140Up from NT$123, the current price target is provided by 1 analyst. New target price is 40% above last closing price of NT$100.00. Stock is down 4.8% over the past year. The company is forecast to post earnings per share of NT$9.34 for next year compared to NT$9.94 last year.
Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: NT$2.38 (vs NT$2.27 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.38 (up from NT$2.27 in 3Q 2024). Revenue: NT$12.8b (up 16% from 3Q 2024). Net income: NT$695.9m (up 5.1% from 3Q 2024). Profit margin: 5.4% (down from 6.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$1.64 (down from NT$2.94 in 2Q 2024). Revenue: NT$12.6b (up 9.4% from 2Q 2024). Net income: NT$480.0m (down 44% from 2Q 2024). Profit margin: 3.8% (down from 7.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 06Upcoming dividend of NT$5.50 per shareEligible shareholders must have bought the stock before 10 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).
Declared Dividend • Jun 21Dividend increased to NT$5.50Dividend of NT$5.50 is 10% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 5.1%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (199% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 20+ 3 more updatesTaiwan Surface Mounting Technology Corp. Announces Cash Dividend for the Year 2024, Payable on August 8, 2025Taiwan Surface Mounting Technology Corp. at its meeting held on June 19, 2025 announced cash dividend of TWD 1,608,190,942(TWD 5.5 per share) for the year 2024, payable on August 8, 2025. Ex-rights (ex-dividend) trading date: July 10, 2025. Ex-rights (ex-dividend) record date: July 16, 2025.
Reported Earnings • May 02First quarter 2025 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2025 results: EPS: NT$2.66 (up from NT$2.33 in 1Q 2024). Revenue: NT$12.4b (up 14% from 1Q 2024). Net income: NT$841.8m (up 24% from 1Q 2024). Profit margin: 6.8% (up from 6.2% in 1Q 2024). 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. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 22Taiwan Surface Mounting Technology Corp. to Report Q1, 2025 Results on Apr 29, 2025Taiwan Surface Mounting Technology Corp. announced that they will report Q1, 2025 results on Apr 29, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$90.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 1.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$44.97 per share.
Reported Earnings • Mar 12Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$9.94 (up from NT$8.57 in FY 2023). Revenue: NT$45.3b (down 2.6% from FY 2023). Net income: NT$2.91b (up 16% from FY 2023). Profit margin: 6.4% (up from 5.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Mar 11Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 19, 2025Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 19, 2025. Location: 3 floor no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan
お知らせ • Feb 28Taiwan Surface Mounting Technology Corp. to Report Fiscal Year 2024 Results on Mar 10, 2025Taiwan Surface Mounting Technology Corp. announced that they will report fiscal year 2024 results at 9:00 AM, Taipei Standard Time on Mar 10, 2025
Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: NT$2.26 (down from NT$3.12 in 3Q 2023). Revenue: NT$11.0b (down 14% from 3Q 2023). Net income: NT$662.4m (down 28% from 3Q 2023). Profit margin: 6.0% (down from 7.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 22Taiwan Surface Mounting Technology Corp. to Report Q3, 2024 Results on Oct 29, 2024Taiwan Surface Mounting Technology Corp. announced that they will report Q3, 2024 results on Oct 29, 2024
分析記事 • Oct 21Returns On Capital Signal Tricky Times Ahead For Taiwan Surface Mounting Technology (TWSE:6278)What are the early trends we should look for to identify a stock that could multiply in value over the long term...
分析記事 • Sep 06Is It Too Late To Consider Buying Taiwan Surface Mounting Technology Corp. (TWSE:6278)?While Taiwan Surface Mounting Technology Corp. ( TWSE:6278 ) might not have the largest market cap around , it saw...
Reported Earnings • Aug 13Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: NT$2.94 (up from NT$2.16 in 2Q 2023). Revenue: NT$11.5b (down 5.6% from 2Q 2023). Net income: NT$859.0m (up 36% from 2Q 2023). Profit margin: 7.5% (up from 5.2% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 35%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
分析記事 • Aug 09Taiwan Surface Mounting Technology Corp.'s (TWSE:6278) Low P/E No Reason For ExcitementWith a price-to-earnings (or "P/E") ratio of 11.2x Taiwan Surface Mounting Technology Corp. ( TWSE:6278 ) may be...
お知らせ • Aug 02Taiwan Surface Mounting Technology Corp. to Report Q2, 2024 Results on Aug 09, 2024Taiwan Surface Mounting Technology Corp. announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Aug 09, 2024
分析記事 • Jul 22We Think Taiwan Surface Mounting Technology (TWSE:6278) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Jun 24Taiwan Surface Mounting Technology (TWSE:6278) Has Announced That Its Dividend Will Be Reduced To NT$5.00Taiwan Surface Mounting Technology Corp.'s ( TWSE:6278 ) dividend is being reduced from last year's payment covering...
Declared Dividend • Jun 24Dividend reduced to NT$5.00Dividend of NT$5.00 is 29% lower than last year. Ex-date: 11th July 2024 Payment date: 9th August 2024 Dividend yield will be 4.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 3.1% over the next year. However, it would need to fall by 44% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jun 24Taiwan Surface Mounting Technology Corp. Announces Cash Dividend, Payable on August 9, 2024Taiwan Surface Mounting Technology Corp. announced monetary amount of cash dividend distribution for common shares is TWD 1,461,991,765 (TWD 5.0 per share). Ex-rights (ex-dividend) trading date is July 11, 2024; Ex-rights (ex-dividend) record date is July 17, 2024; Payment date of common stock cash dividend distribution is August 9, 2024.
分析記事 • May 31This Broker Just Slashed Their Taiwan Surface Mounting Technology Corp. (TWSE:6278) Earnings ForecastsThe analyst covering Taiwan Surface Mounting Technology Corp. ( TWSE:6278 ) delivered a dose of negativity to...
Major Estimate Revision • May 31Consensus revenue estimates fall by 24%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$65.1b to NT$49.3b. EPS estimate fell from NT$14.95 to NT$8.83 per share. Net income forecast to shrink 9.8% next year vs 27% growth forecast for Electronic industry in Taiwan . Consensus price target broadly unchanged at NT$126. Share price was steady at NT$114 over the past week.
New Risk • May 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
分析記事 • May 24Is It Time To Consider Buying Taiwan Surface Mounting Technology Corp. (TWSE:6278)?Taiwan Surface Mounting Technology Corp. ( TWSE:6278 ), might not be a large cap stock, but it led the TWSE gainers...
Reported Earnings • May 03First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$2.33 (up from NT$0.97 in 1Q 2023). Revenue: NT$10.9b (up 16% from 1Q 2023). Net income: NT$681.3m (up 139% from 1Q 2023). Profit margin: 6.2% (up from 3.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
分析記事 • Apr 29Investors Continue Waiting On Sidelines For Taiwan Surface Mounting Technology Corp. (TWSE:6278)Taiwan Surface Mounting Technology Corp.'s ( TWSE:6278 ) price-to-earnings (or "P/E") ratio of 13.3x might make it look...
分析記事 • Mar 20We Think You Can Look Beyond Taiwan Surface Mounting Technology's (TWSE:6278) Lackluster EarningsTaiwan Surface Mounting Technology Corp.'s ( TWSE:6278 ) recent soft profit numbers didn't appear to worry...
Reported Earnings • Mar 14Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$8.57 (down from NT$13.82 in FY 2022). Revenue: NT$46.5b (down 32% from FY 2022). Net income: NT$2.51b (down 38% from FY 2022). Profit margin: 5.4% (down from 5.9% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 16% p.a. on average during the next 2 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 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
分析記事 • Mar 14Is Taiwan Surface Mounting Technology Corp. (TWSE:6278) Expensive For A Reason? A Look At Its Intrinsic ValueKey Insights The projected fair value for Taiwan Surface Mounting Technology is NT$83.22 based on Dividend Discount...
お知らせ • Mar 13Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 21, 2024Taiwan Surface Mounting Technology Corp., Annual General Meeting, Jun 21, 2024. Location: No.398, Taoying Rd., Taoyuan Dist 3rd Floor Ju-I Hall of Chuto Hotel Taoyuan City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider Report on the Distribution of Remuneration for Employees and Directors of 2023; to consider Report on the Distribution of 2023 cash dividends; to consider 2023 Business Report and Financial Statements; to consider 2023 Earnings Distribution Proposal.
Buy Or Sell Opportunity • Mar 11Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 7.0% to NT$102. The fair value is estimated to be NT$83.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.
Buy Or Sell Opportunity • Jan 25Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.6% to NT$92.80. The fair value is estimated to be NT$77.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.
Major Estimate Revision • Nov 12Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$56.3b to NT$47.1b. EPS estimate fell from NT$10.98 to NT$8.56 per share. Net income forecast to grow 42% next year vs 9.7% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$128. Share price was steady at NT$92.40 over the past week.
Reported Earnings • Oct 29Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: NT$3.13 (down from NT$3.62 in 3Q 2022). Revenue: NT$12.7b (down 27% from 3Q 2022). Net income: NT$913.2m (down 14% from 3Q 2022). Profit margin: 7.2% (up from 6.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 10% 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 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Sep 01Consensus EPS estimates increase by 22%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$9.03 to NT$10.98. Revenue forecast steady at NT$56.3b. Net income forecast to grow 31% next year vs 5.8% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$134 to NT$127. Share price was steady at NT$90.90 over the past week.
Reported Earnings • Aug 05Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$2.16 (down from NT$2.87 in 2Q 2022). Revenue: NT$12.2b (down 21% from 2Q 2022). Net income: NT$631.9m (down 25% from 2Q 2022). Profit margin: 5.2% (down from 5.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 16% p.a. on average during the next 2 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 21% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 06Upcoming dividend of NT$7.00 per share at 6.9% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%).
Major Estimate Revision • Jun 01Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$59.5b to NT$56.0b. EPS estimate also fell from NT$12.57 per share to NT$9.03 per share. Net income forecast to grow 0.2% next year vs 9.2% decline forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$126. Share price was steady at NT$99.10 over the past week.
Reported Earnings • May 10First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: NT$0.97 (down from NT$4.18 in 1Q 2022). Revenue: NT$9.41b (down 48% from 1Q 2022). Net income: NT$284.7m (down 77% from 1Q 2022). Profit margin: 3.0% (down from 6.7% 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 8.0%. Revenue is forecast to grow 14% p.a. on average during the next 2 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 29% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Price Target Changed • Feb 04Price target decreased by 11% to NT$121Down from NT$136, the current price target is an average from 3 analysts. New target price is 29% above last closing price of NT$93.50. Stock is down 28% over the past year. The company is forecast to post earnings per share of NT$14.47 for next year compared to NT$12.70 last year.
お知らせ • Dec 31Taiwan Surface Mounting Technology Corp. Announces President Changes, with Effect from January 1, 2023Taiwan Surface Mounting Technology Corp. announced the president changes as follows: Name of the previous position holder: Wu,Kai-Yun; Resume of the previous position holder: TSMT-Chairperson and President; Name of the new position holder: Wu,Yun-Chung; Resume of the new position holder: TSMT-Deputy President of Advanced Process Business Office; Reason for the change: job relocation; Effective date of the new appointment: 01 January 2023.
Price Target Changed • Nov 16Price target decreased to NT$160Down from NT$180, the current price target is provided by 1 analyst. New target price is 71% above last closing price of NT$93.60. Stock is down 24% over the past year. The company is forecast to post earnings per share of NT$15.01 for next year compared to NT$12.70 last year.
Reported Earnings • Oct 30Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: NT$3.63 (down from NT$3.83 in 3Q 2021). Revenue: NT$17.3b (down 7.5% from 3Q 2021). Net income: NT$1.06b (down 5.3% from 3Q 2021). Profit margin: 6.1% (up from 6.0% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$2.87 (vs NT$3.00 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.87 (down from NT$3.00 in 2Q 2021). Revenue: NT$15.4b (down 2.4% from 2Q 2021). Net income: NT$839.8m (down 4.3% from 2Q 2021). Profit margin: 5.5% (down from 5.6% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 3.7%, compared to a 20% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 07Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 7.6%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$81.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total returns to shareholders of 45% over the past three years.
Price Target Changed • Jun 18Price target increased to NT$180Up from NT$164, the current price target is an average from 2 analysts. New target price is 73% above last closing price of NT$104. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$16.01 for next year compared to NT$12.70 last year.
Reported Earnings • May 02First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$4.18 (up from NT$1.37 in 1Q 2021). Revenue: NT$18.1b (up 57% from 1Q 2021). Net income: NT$1.22b (up 205% from 1Q 2021). Profit margin: 6.7% (up from 3.5% in 1Q 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 2.9%. Over the next year, revenue is forecast to grow 3.5%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.5%. The fair value is estimated to be NT$148, 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% per annum over the last 3 years. Earnings per share has grown by 37% per annum over the last 3 years.
Reported Earnings • Mar 17Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$12.70 (up from NT$7.50 in FY 2020). Revenue: NT$65.7b (up 59% from FY 2020). Net income: NT$3.71b (up 69% from FY 2020). Profit margin: 5.6% (up from 5.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$3.00 (vs NT$1.77 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$15.8b (up 64% from 2Q 2020). Net income: NT$877.2m (up 70% from 2Q 2020). Profit margin: 5.6% (up from 5.4% 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 41% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 10Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 15 September 2021. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.1%).
Price Target Changed • Jul 22Price target increased to NT$156Up from NT$145, the current price target is an average from 3 analysts. New target price is 32% above last closing price of NT$118. Stock is down 21% over the past year.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$98.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 300% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$194 per share.
Reported Earnings • May 02First quarter 2021 earnings released: EPS NT$1.37 (vs NT$0.55 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$11.5b (up 38% from 1Q 2020). Net income: NT$400.9m (up 149% from 1Q 2020). Profit margin: 3.5% (up from 1.9% in 1Q 2020). The increase in margin was driven by higher revenue. 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 65% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Apr 30We Think Taiwan Surface Mounting Technology (TPE:6278) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
分析記事 • Apr 06Taiwan Surface Mounting Technology (TPE:6278) Is Looking To Continue Growing Its Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...
分析記事 • Mar 25Taiwan Surface Mounting Technology's (TPE:6278) Solid Earnings May Rest On Weak FoundationsTaiwan Surface Mounting Technology Corp.'s ( TPE:6278 ) healthy profit numbers didn't contain any surprises for...
分析記事 • Mar 20Results: Taiwan Surface Mounting Technology Corp. Beat Earnings Expectations And Analysts Now Have New ForecastsInvestors in Taiwan Surface Mounting Technology Corp. ( TPE:6278 ) had a good week, as its shares rose 9.5% to close at...
Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$7.50 (vs NT$6.96 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$41.4b (up 9.2% from FY 2019). Net income: NT$2.19b (up 7.8% from FY 2019). Profit margin: 5.3% (down from 5.4% 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 42% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 17Is There An Opportunity With Taiwan Surface Mounting Technology Corp.'s (TPE:6278) 47% Undervaluation?Does the March share price for Taiwan Surface Mounting Technology Corp. ( TPE:6278 ) reflect what it's really worth...
分析記事 • Mar 02Shareholders of Taiwan Surface Mounting Technology (TPE:6278) Must Be Delighted With Their 345% Total ReturnIt hasn't been the best quarter for Taiwan Surface Mounting Technology Corp. ( TPE:6278 ) shareholders, since the share...
Is New 90 Day High Low • Feb 24New 90-day low: NT$117The company is down 1.0% from its price of NT$119 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$218 per share.
分析記事 • Feb 16With EPS Growth And More, Taiwan Surface Mounting Technology (TPE:6278) Is InterestingFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
分析記事 • Feb 02What Does Taiwan Surface Mounting Technology Corp.'s (TPE:6278) Share Price Indicate?Taiwan Surface Mounting Technology Corp. ( TPE:6278 ), is not the largest company out there, but it saw a significant...
分析記事 • Jan 19Taiwan Surface Mounting Technology (TPE:6278) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Jan 06Is Taiwan Surface Mounting Technology Corp. (TPE:6278) A Smart Pick For Income Investors?Is Taiwan Surface Mounting Technology Corp. ( TPE:6278 ) a good dividend stock? How can we tell? Dividend paying...
Is New 90 Day High Low • Jan 04New 90-day high: NT$138The company is up 31% from its price of NT$105 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$224 per share.
分析記事 • Dec 21Does Taiwan Surface Mounting Technology (TPE:6278) Have The Makings Of A Multi-Bagger?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Dec 09Are Investors Undervaluing Taiwan Surface Mounting Technology Corp. (TPE:6278) By 32%?Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Taiwan Surface...
Is New 90 Day High Low • Dec 02New 90-day high: NT$130The company is up 7.0% from its price of NT$121 on 03 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$188 per share.
分析記事 • Nov 24Are Robust Financials Driving The Recent Rally In Taiwan Surface Mounting Technology Corp.'s (TPE:6278) Stock?Most readers would already be aware that Taiwan Surface Mounting Technology's (TPE:6278) stock increased significantly...
Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 16% share price gain to NT$109, the stock is trading at a trailing P/E ratio of 15.3x, up from the previous P/E ratio of 13.2x. This compares to an average P/E of 23x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 302%.
Reported Earnings • Oct 31Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$2.08b, up 13% from the prior year. Total revenue was NT$39.1b over the last 12 months, up 5.1% from the prior year.
Is New 90 Day High Low • Oct 29New 90-day low: NT$98.20The company is down 27% from its price of NT$135 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$177 per share.
Is New 90 Day High Low • Sep 22New 90-day low: NT$114The company is down 13% from its price of NT$130 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 28% over the same period.
