View ValuationMaterials Analysis Technology 향후 성장Future 기준 점검 3/6Materials Analysis Technology (는) 각각 연간 45.1% 및 14.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 45.7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 18.3% 로 예상됩니다.핵심 정보45.1%이익 성장률45.70%EPS 성장률Semiconductor 이익 성장25.1%매출 성장률14.7%향후 자기자본이익률18.30%애널리스트 커버리지Low마지막 업데이트17 Apr 2026최근 향후 성장 업데이트Major Estimate Revision • Mar 21Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from NT$11.50 to NT$9.24. Revenue forecast unchanged from NT$6.10b at last update. Net income forecast to grow 56% next year vs 48% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$239 to NT$261. Share price rose 22% to NT$230 over the past week.Price Target Changed • Mar 10Price target decreased by 7.6% to NT$239Down from NT$258, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$186. Stock is down 7.9% over the past year. The company is forecast to post earnings per share of NT$6.93 for next year compared to NT$10.39 last year.Price Target Changed • Feb 07Price target increased by 9.6% to NT$258Up from NT$235, the current price target is an average from 2 analysts. New target price is 21% above last closing price of NT$214. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$6.93 for next year compared to NT$10.39 last year.Major Estimate Revision • Dec 11Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$5.63b to NT$5.57b. EPS estimate also fell from NT$9.05 per share to NT$6.88 per share. Net income forecast to grow 82% next year vs 36% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$229 to NT$235. Share price was steady at NT$207 over the past week.Major Estimate Revision • Aug 14Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$5.55b to NT$5.63b. EPS estimate increased from NT$8.46 to NT$9.92 per share. Net income forecast to grow 62% next year vs 20% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$217 to NT$232. Share price fell 5.0% to NT$190 over the past week.Price Target Changed • Jul 10Price target decreased by 8.3% to NT$214Down from NT$233, the current price target is an average from 4 analysts. New target price is 16% above last closing price of NT$185. Stock is down 36% over the past year. The company is forecast to post earnings per share of NT$8.46 for next year compared to NT$10.39 last year.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$265, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 55% over the past three years.New Risk • Mar 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (110% payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (7.3% net profit margin).Major Estimate Revision • Mar 21Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from NT$11.50 to NT$9.24. Revenue forecast unchanged from NT$6.10b at last update. Net income forecast to grow 56% next year vs 48% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$239 to NT$261. Share price rose 22% to NT$230 over the past week.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$230, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 38% over the past three years.Reported Earnings • Mar 18Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: NT$6.10 (down from NT$10.39 in FY 2024). Revenue: NT$5.55b (up 8.5% from FY 2024). Net income: NT$407.1m (down 41% from FY 2024). Profit margin: 7.3% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Price Target Changed • Mar 10Price target decreased by 7.6% to NT$239Down from NT$258, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$186. Stock is down 7.9% over the past year. The company is forecast to post earnings per share of NT$6.93 for next year compared to NT$10.39 last year.공지 • Mar 09Materials Analysis Technology Inc., Annual General Meeting, Jun 18, 2026Materials Analysis Technology Inc., Annual General Meeting, Jun 18, 2026. Location: no,1, li hsing 1st rd., hsinchu science park, hsinchu city TaiwanPrice Target Changed • Feb 07Price target increased by 9.6% to NT$258Up from NT$235, the current price target is an average from 2 analysts. New target price is 21% above last closing price of NT$214. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$6.93 for next year compared to NT$10.39 last year.Buy Or Sell Opportunity • Jan 27Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$205. The fair value is estimated to be NT$168, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 15% in a year. Earnings are forecast to grow by 82% in the next year.Major Estimate Revision • Dec 11Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$5.63b to NT$5.57b. EPS estimate also fell from NT$9.05 per share to NT$6.88 per share. Net income forecast to grow 82% next year vs 36% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$229 to NT$235. Share price was steady at NT$207 over the past week.Buy Or Sell Opportunity • Dec 05Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 4.8% to NT$207. The fair value is estimated to be NT$171, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 15% in a year. Earnings are forecast to grow by 90% in the next year.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$2.11 (vs NT$2.87 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.11 (down from NT$2.87 in 3Q 2024). Revenue: NT$1.46b (up 8.7% from 3Q 2024). Net income: NT$141.7m (down 26% from 3Q 2024). Profit margin: 9.7% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Oct 28Now 21% undervaluedOver the last 90 days, the stock has risen 4.6% to NT$203. The fair value is estimated to be NT$256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.8%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 62% in the next year.Buy Or Sell Opportunity • Oct 13Now 21% undervaluedOver the last 90 days, the stock has risen 5.5% to NT$202. The fair value is estimated to be NT$255, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.8%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 62% in the next year.Buy Or Sell Opportunity • Sep 20Now 20% undervaluedOver the last 90 days, the stock has risen 26% to NT$209. The fair value is estimated to be NT$261, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.8%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 62% in the next year.Major Estimate Revision • Aug 14Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$5.55b to NT$5.63b. EPS estimate increased from NT$8.46 to NT$9.92 per share. Net income forecast to grow 62% next year vs 20% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$217 to NT$232. Share price fell 5.0% to NT$190 over the past week.Reported Earnings • Aug 05Second quarter 2025 earnings released: EPS: NT$1.38 (vs NT$3.30 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.38 (down from NT$3.30 in 2Q 2024). Revenue: NT$1.37b (up 8.3% from 2Q 2024). Net income: NT$91.9m (down 58% from 2Q 2024). Profit margin: 6.7% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.New Risk • Aug 05New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 342% Dividend yield: 3.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 342% Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (9.0% net profit margin).Upcoming Dividend • Jul 16Upcoming dividend of NT$6.94 per shareEligible shareholders must have bought the stock before 23 July 2025. Payment date: 22 August 2025. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.2%).New Risk • Jul 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% 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 (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change).Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$182, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$117 per share.Price Target Changed • Jul 10Price target decreased by 8.3% to NT$214Down from NT$233, the current price target is an average from 4 analysts. New target price is 16% above last closing price of NT$185. Stock is down 36% over the past year. The company is forecast to post earnings per share of NT$8.46 for next year compared to NT$10.39 last year.Declared Dividend • Jun 28Dividend reduced to NT$6.94Dividend of NT$6.94 is 22% lower than last year. Ex-date: 23rd July 2025 Payment date: 22nd August 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (77% 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 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next year, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$167, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$114 per share.Major Estimate Revision • Jun 05Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$5.80b to NT$5.57b. EPS estimate also fell from NT$11.60 per share to NT$8.97 per share. Net income forecast to grow 16% next year vs 17% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$233 to NT$217. Share price was steady at NT$147 over the past week.Reported Earnings • May 15First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$0.76 (down from NT$2.11 in 1Q 2024). Revenue: NT$1.24b (up 2.7% from 1Q 2024). Net income: NT$50.4m (down 64% from 1Q 2024). Profit margin: 4.1% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 52%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Apr 10Now 28% overvaluedOver the last 90 days, the stock has fallen 39% to NT$153. The fair value is estimated to be NT$119, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 4.5%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.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$144, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$120 per share.Major Estimate Revision • Mar 14Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$6.09b to NT$5.85b. EPS estimate also fell from NT$14.62 per share to NT$11.81 per share. Net income forecast to grow 14% next year vs 19% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$311 to NT$287. Share price fell 8.0% to NT$195 over the past week.공지 • Mar 10Materials Analysis Technology Inc., Annual General Meeting, Jun 17, 2025Materials Analysis Technology Inc., Annual General Meeting, Jun 17, 2025. Location: no,1, li hsing 1st rd., hsinchu science park, hsinchu city TaiwanPrice Target Changed • Mar 10Price target decreased by 7.8% to NT$287Down from NT$312, the current price target is an average from 3 analysts. New target price is 39% above last closing price of NT$207. Stock is down 26% over the past year. The company is forecast to post earnings per share of NT$11.81 for next year compared to NT$10.39 last year.Reported Earnings • Mar 09Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$10.39. Revenue: NT$5.11b (up 6.3% from FY 2023). Net income: NT$688.1m (flat on FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.Reported Earnings • Nov 06Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$2.87 (up from NT$2.68 in 3Q 2023). Revenue: NT$1.34b (up 10.0% from 3Q 2023). Net income: NT$190.6m (up 10% from 3Q 2023). Profit margin: 14% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.공지 • Oct 25Materials Analysis Technology Inc. to Report Q3, 2024 Results on Nov 01, 2024Materials Analysis Technology Inc. announced that they will report Q3, 2024 results on Nov 01, 2024공지 • Jul 24Materials Analysis Technology Inc. to Report Q2, 2024 Results on Aug 02, 2024Materials Analysis Technology Inc. announced that they will report Q2, 2024 results on Aug 02, 2024Upcoming Dividend • Jul 05Upcoming dividend of NT$8.93 per shareEligible shareholders must have bought the stock before 12 July 2024. Payment date: 15 August 2024. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.0%).Declared Dividend • Jun 19Dividend increased to NT$9.00Dividend of NT$9.00 is 11% higher than last year. Ex-date: 12th July 2024 Payment date: 15th August 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 08First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: NT$2.11 (down from NT$2.45 in 1Q 2023). Revenue: NT$1.21b (up 5.6% from 1Q 2023). Net income: NT$138.8m (down 8.4% from 1Q 2023). Profit margin: 12% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.공지 • Apr 28Materials Analysis Technology Inc. to Report Q1, 2024 Results on May 03, 2024Materials Analysis Technology Inc. announced that they will report Q1, 2024 results on May 03, 2024Buy Or Sell Opportunity • Apr 22Now 21% undervaluedOver the last 90 days, the stock has risen 10% to NT$280. The fair value is estimated to be NT$355, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.Reported Earnings • Mar 16Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$10.81 (up from NT$10.12 in FY 2022). Revenue: NT$4.81b (up 21% from FY 2022). Net income: NT$686.2m (up 9.4% from FY 2022). Profit margin: 14% (down from 16% in FY 2022). 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. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.공지 • Mar 09+ 1 more updateMaterials Analysis Technology Inc., Annual General Meeting, Jun 14, 2024Materials Analysis Technology Inc., Annual General Meeting, Jun 14, 2024. Location: 1A3,No.1 Lising Rd.I, Science-Based Industrial Park,Hsinchu City, Hsin Chu City Taiwan Agenda: To report the business status of 2023; to report Audit Committee's financial report review of 2023; to report the status of remunerate distribution to employees and directors of 2023; to report the distribution of cash dividend of 2023 profits; to report the distribution of cash dividends from the capital surplus of 2023; to report the company's endorsement or guarantee to external parties.Buy Or Sell Opportunity • Mar 07Now 20% undervaluedOver the last 90 days, the stock has risen 22% to NT$289. The fair value is estimated to be NT$362, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.Price Target Changed • Feb 16Price target increased by 7.1% to NT$300Up from NT$280, the current price target is an average from 2 analysts. New target price is 14% above last closing price of NT$264. Stock is up 43% over the past year. The company is forecast to post earnings per share of NT$10.69 for next year compared to NT$10.12 last year.Price Target Changed • Nov 06Price target decreased by 10% to NT$260Down from NT$290, the current price target is an average from 3 analysts. New target price is 18% above last closing price of NT$221. Stock is up 62% over the past year. The company is forecast to post earnings per share of NT$11.36 for next year compared to NT$10.12 last year.Reported Earnings • Nov 06Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: NT$2.68 (down from NT$2.97 in 3Q 2022). Revenue: NT$1.22b (up 16% from 3Q 2022). Net income: NT$173.2m (down 5.5% from 3Q 2022). Profit margin: 14% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Oct 04New 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 7.9% 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 (7.9% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Shareholders have been diluted in the past year (12% increase in shares outstanding).New Risk • Aug 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding).Price Target Changed • Aug 09Price target increased by 23% to NT$290Up from NT$236, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$283. Stock is up 140% over the past year. The company is forecast to post earnings per share of NT$12.70 for next year compared to NT$10.12 last year.Reported Earnings • Aug 06Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$3.35 (up from NT$1.64 in 2Q 2022). Revenue: NT$1.21b (up 36% from 2Q 2022). Net income: NT$206.9m (up 103% from 2Q 2022). Profit margin: 17% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 21% 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 26% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% 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: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (5.5% increase in shares outstanding).공지 • Jul 01+ 2 more updatesMaterials Analysis Technology Inc. Appoints Chia-Wei Li as Independent DirectorMaterials Analysis Technology Inc. appointed Chia-Wei Li, President, National Museum of Natural Science Foundation CEO, Dr. Cecilia Koo Botanic Conservation and Environmental Protection Foundation Hou Chin-Tui Chair Professor, National Tsing Hua University, as Independent director, effective from June 30, 2023.Upcoming Dividend • Jun 26Upcoming dividend of NT$8.08 per share at 3.4% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 04 August 2023. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.2%).공지 • Jun 15Materials Analysis Technology Inc. Approves Cash Dividend, Payable on August 4, 2023Materials Analysis Technology Inc. announced he original cash distribution of TWD 6.0 per share of capital reserves and TWD 2.0 in cash dividends per share amounted to TWD 498,505,256. After adjustment, the cash distribution of TWD 6.05656787 per capital reserve and TWD 2.01885596 in cash dividends per share amounted to TWD 498,505,256. .Ex-rights (Ex-dividend) date: July 3, 2023. Payment date of cash dividend distribution August 4, 2023. Shareholders’ meeting, or of the decision by the company June 14, 2023.Price Target Changed • Jun 07Price target increased by 23% to NT$194Up from NT$158, the current price target is an average from 2 analysts. New target price is 16% below last closing price of NT$232. Stock is up 91% over the past year. The company is forecast to post earnings per share of NT$12.45 for next year compared to NT$10.12 last year.Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$214, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 206% over the past three years.Reported Earnings • Mar 30Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: NT$10.12 (up from NT$9.48 in FY 2021). Revenue: NT$3.97b (up 18% from FY 2021). Net income: NT$627.5m (up 7.0% from FY 2021). Profit margin: 16% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$167, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 120% over the past three years.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 03Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$2.97 (up from NT$2.29 in 3Q 2021). Revenue: NT$1.05b (up 16% from 3Q 2021). Net income: NT$183.3m (up 30% from 3Q 2021). Profit margin: 17% (up from 16% in 3Q 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 6.9%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 12Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$118, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 80% over the past three years.Price Target Changed • Oct 07Price target decreased to NT$145Down from NT$158, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$145. Stock is down 10% over the past year. The company is forecast to post earnings per share of NT$9.59 for next year compared to NT$9.48 last year.Reported Earnings • Aug 09Second quarter 2022 earnings released: EPS: NT$1.64 (vs NT$2.46 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.64 (down from NT$2.46 in 2Q 2021). Revenue: NT$889.6m (up 9.8% from 2Q 2021). Net income: NT$102.0m (down 33% from 2Q 2021). Profit margin: 12% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 24%, compared to a 20% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jul 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.8%. The fair value is estimated to be NT$150, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 45% in 2 years. Earnings is forecast to grow by 29% in the next 2 years.Major Estimate Revision • Jul 27Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$4.12b to NT$4.02b. EPS estimate also fell from NT$11.70 per share to NT$10.13 per share. Net income forecast to grow 11% next year vs 11% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$165 to NT$158. Share price was steady at NT$119 over the past week.Buying Opportunity • Jun 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be NT$153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 24% in a year. Earnings is forecast to grow by 26% in the next year.Price Target Changed • Apr 27Price target increased to NT$190Up from NT$165, the current price target is provided by 1 analyst. New target price is 47% above last closing price of NT$129. Stock is down 6.2% over the past year. The company is forecast to post earnings per share of NT$11.94 for next year compared to NT$9.48 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Apr 07Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 14 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (2.4%).Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$2.29 (vs NT$2.15 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$905.2m (up 11% from 3Q 2020). Net income: NT$141.0m (up 5.2% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$162, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 269% over the past three years.Upcoming Dividend • Sep 08Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 15 September 2021. Payment date: 15 October 2021. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.1%).Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$2.46 (vs NT$0.94 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$810.2m (up 8.9% from 2Q 2020). Net income: NT$151.4m (up 159% from 2Q 2020). Profit margin: 19% (up from 7.9% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$162, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 143% over the past three years.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$112, the stock trades at a trailing P/E ratio of 16.4x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 72% over the past three years.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$1.75 (vs NT$1.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$731.5m (up 8.0% from 1Q 2020). Net income: NT$109.0m (up 58% from 1Q 2020). Profit margin: 15% (up from 10% 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 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Apr 20Calculating The Fair Value Of Materials Analysis Technology Inc. (GTSM:3587)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Materials Analysis...분석 기사 • Apr 07Materials Analysis Technology (GTSM:3587) Seems To Use Debt Rather SparinglyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$139, the stock trades at a trailing P/E ratio of 22.5x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 101% over the past three years.Reported Earnings • Apr 04Full year 2020 earnings released: EPS NT$6.18 (vs NT$3.95 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.06b (up 21% from FY 2019). Net income: NT$385.1m (up 57% from FY 2019). Profit margin: 13% (up from 9.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Mar 23Is Materials Analysis Technology Inc. (GTSM:3587) An Attractive Dividend Stock?Is Materials Analysis Technology Inc. ( GTSM:3587 ) a good dividend stock? How can we tell? Dividend paying companies...Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$6.18 (vs NT$3.95 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.06b (up 21% from FY 2019). Net income: NT$385.1m (up 57% from FY 2019). Profit margin: 13% (up from 9.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year.분석 기사 • Mar 08Here's What To Make Of Materials Analysis Technology's (GTSM:3587) Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...Is New 90 Day High Low • Mar 04New 90-day high: NT$116The company is up 30% from its price of NT$89.50 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 24% over the same period.분석 기사 • Feb 21What Is Materials Analysis Technology Inc.'s (GTSM:3587) Share Price Doing?While Materials Analysis Technology Inc. ( GTSM:3587 ) might not be the most widely known stock at the moment, it led...분석 기사 • Feb 06Shareholders Of Materials Analysis Technology (GTSM:3587) Must Be Happy With Their 101% Total ReturnThe main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share...분석 기사 • Jan 21Is Materials Analysis Technology Inc.'s (GTSM:3587) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?Materials Analysis Technology (GTSM:3587) has had a great run on the share market with its stock up by a significant...Is New 90 Day High Low • Jan 15New 90-day high: NT$92.20The company is up 8.0% from its price of NT$85.40 on 16 October 2020. The Taiwanese market is up 22% 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.분석 기사 • Jan 06Materials Analysis Technology (GTSM:3587) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...분석 기사 • Dec 22Investors In Materials Analysis Technology Inc. (GTSM:3587) Should Consider This, FirstToday we'll take a closer look at Materials Analysis Technology Inc. ( GTSM:3587 ) from a dividend investor's...분석 기사 • Dec 07The Returns At Materials Analysis Technology (GTSM:3587) Provide Us With Signs Of What's To ComeWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...분석 기사 • Nov 22Is Materials Analysis Technology Inc. (GTSM:3587) Potentially Undervalued?While Materials Analysis Technology Inc. (GTSM:3587) might not be the most widely known stock at the moment, it saw a...Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$2.15The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$818.3m (up 25% from 3Q 2019). Net income: NT$134.0m (up 200% from 3Q 2019). Profit margin: 16% (up from 6.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat.이익 및 매출 성장 예측TPEX:3587 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20277,4611,080N/A2,906112/31/20266,486891N/A2,297212/31/20255,5454077461,836N/A9/30/20255,3654246341,912N/A6/30/20255,2484731361,850N/A3/31/20255,143600-3521,761N/A12/31/20245,110688-111,803N/A9/30/20245,051703871,792N/A6/30/20244,9286853621,794N/A3/31/20244,8736747551,848N/A12/31/20234,8096866031,842N/A9/30/20234,7167472371,768N/A6/30/20234,5457571061,844N/A3/31/20234,221652-3741,461N/A12/31/20223,974627-5381,298N/A9/30/20223,750597-5281,153N/A6/30/20223,603555-3101,113N/A3/31/20223,524605671,295N/A12/31/20213,3615875221,516N/A9/30/20213,2695258181,616N/A6/30/20213,1825188021,502N/A3/31/20213,1164257201,371N/A12/31/20203,0623854791,098N/A9/30/20202,94233817846N/A6/30/20202,781249-214645N/A3/31/20202,665255-232611N/A12/31/20192,541246-210617N/A9/30/20192,412261N/A616N/A6/30/20192,302264N/A710N/A3/31/20192,194268N/A706N/A12/31/20182,081257N/A680N/A9/30/20181,985239N/A584N/A6/30/20181,879240N/A526N/A3/31/20181,765237N/A486N/A12/31/20171,704215N/A485N/A9/30/20171,613191N/A483N/A6/30/20171,561210N/A514N/A3/31/20171,525211N/A547N/A12/31/20161,458230N/A493N/A9/30/20161,402233N/A490N/A6/30/20161,316226N/A502N/A3/31/20161,211198N/A419N/A12/31/20151,120178N/A396N/A9/30/20151,060177N/A375N/A6/30/20151,032178N/A293N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 3587 의 연간 예상 수익 증가율(45.1%)이 saving rate(1.3%)보다 높습니다.수익 vs 시장: 3587 의 연간 수익(45.1%)이 TW 시장(25%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 3587 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 3587 의 수익(연간 14.7%)이 TW 시장(연간 18.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 3587 의 수익(연간 14.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 3587의 자본 수익률은 3년 후 18.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/11 11:03종가2026/05/11 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Materials Analysis Technology Inc.는 6명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Licheng ZhuangCapital Securities CorporationJunhong PanKGI Securities Co. Ltd.Tingting HsuMasterlink Securities Investment Advisory3명의 분석가 더 보기
Major Estimate Revision • Mar 21Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from NT$11.50 to NT$9.24. Revenue forecast unchanged from NT$6.10b at last update. Net income forecast to grow 56% next year vs 48% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$239 to NT$261. Share price rose 22% to NT$230 over the past week.
Price Target Changed • Mar 10Price target decreased by 7.6% to NT$239Down from NT$258, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$186. Stock is down 7.9% over the past year. The company is forecast to post earnings per share of NT$6.93 for next year compared to NT$10.39 last year.
Price Target Changed • Feb 07Price target increased by 9.6% to NT$258Up from NT$235, the current price target is an average from 2 analysts. New target price is 21% above last closing price of NT$214. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$6.93 for next year compared to NT$10.39 last year.
Major Estimate Revision • Dec 11Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$5.63b to NT$5.57b. EPS estimate also fell from NT$9.05 per share to NT$6.88 per share. Net income forecast to grow 82% next year vs 36% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$229 to NT$235. Share price was steady at NT$207 over the past week.
Major Estimate Revision • Aug 14Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$5.55b to NT$5.63b. EPS estimate increased from NT$8.46 to NT$9.92 per share. Net income forecast to grow 62% next year vs 20% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$217 to NT$232. Share price fell 5.0% to NT$190 over the past week.
Price Target Changed • Jul 10Price target decreased by 8.3% to NT$214Down from NT$233, the current price target is an average from 4 analysts. New target price is 16% above last closing price of NT$185. Stock is down 36% over the past year. The company is forecast to post earnings per share of NT$8.46 for next year compared to NT$10.39 last year.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$265, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 55% over the past three years.
New Risk • Mar 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (110% payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (7.3% net profit margin).
Major Estimate Revision • Mar 21Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from NT$11.50 to NT$9.24. Revenue forecast unchanged from NT$6.10b at last update. Net income forecast to grow 56% next year vs 48% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$239 to NT$261. Share price rose 22% to NT$230 over the past week.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$230, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 38% over the past three years.
Reported Earnings • Mar 18Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: NT$6.10 (down from NT$10.39 in FY 2024). Revenue: NT$5.55b (up 8.5% from FY 2024). Net income: NT$407.1m (down 41% from FY 2024). Profit margin: 7.3% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Price Target Changed • Mar 10Price target decreased by 7.6% to NT$239Down from NT$258, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$186. Stock is down 7.9% over the past year. The company is forecast to post earnings per share of NT$6.93 for next year compared to NT$10.39 last year.
공지 • Mar 09Materials Analysis Technology Inc., Annual General Meeting, Jun 18, 2026Materials Analysis Technology Inc., Annual General Meeting, Jun 18, 2026. Location: no,1, li hsing 1st rd., hsinchu science park, hsinchu city Taiwan
Price Target Changed • Feb 07Price target increased by 9.6% to NT$258Up from NT$235, the current price target is an average from 2 analysts. New target price is 21% above last closing price of NT$214. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$6.93 for next year compared to NT$10.39 last year.
Buy Or Sell Opportunity • Jan 27Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$205. The fair value is estimated to be NT$168, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 15% in a year. Earnings are forecast to grow by 82% in the next year.
Major Estimate Revision • Dec 11Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$5.63b to NT$5.57b. EPS estimate also fell from NT$9.05 per share to NT$6.88 per share. Net income forecast to grow 82% next year vs 36% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$229 to NT$235. Share price was steady at NT$207 over the past week.
Buy Or Sell Opportunity • Dec 05Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 4.8% to NT$207. The fair value is estimated to be NT$171, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 15% in a year. Earnings are forecast to grow by 90% in the next year.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$2.11 (vs NT$2.87 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.11 (down from NT$2.87 in 3Q 2024). Revenue: NT$1.46b (up 8.7% from 3Q 2024). Net income: NT$141.7m (down 26% from 3Q 2024). Profit margin: 9.7% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Oct 28Now 21% undervaluedOver the last 90 days, the stock has risen 4.6% to NT$203. The fair value is estimated to be NT$256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.8%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 62% in the next year.
Buy Or Sell Opportunity • Oct 13Now 21% undervaluedOver the last 90 days, the stock has risen 5.5% to NT$202. The fair value is estimated to be NT$255, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.8%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 62% in the next year.
Buy Or Sell Opportunity • Sep 20Now 20% undervaluedOver the last 90 days, the stock has risen 26% to NT$209. The fair value is estimated to be NT$261, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.8%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 62% in the next year.
Major Estimate Revision • Aug 14Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$5.55b to NT$5.63b. EPS estimate increased from NT$8.46 to NT$9.92 per share. Net income forecast to grow 62% next year vs 20% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$217 to NT$232. Share price fell 5.0% to NT$190 over the past week.
Reported Earnings • Aug 05Second quarter 2025 earnings released: EPS: NT$1.38 (vs NT$3.30 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.38 (down from NT$3.30 in 2Q 2024). Revenue: NT$1.37b (up 8.3% from 2Q 2024). Net income: NT$91.9m (down 58% from 2Q 2024). Profit margin: 6.7% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
New Risk • Aug 05New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 342% Dividend yield: 3.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 342% Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (9.0% net profit margin).
Upcoming Dividend • Jul 16Upcoming dividend of NT$6.94 per shareEligible shareholders must have bought the stock before 23 July 2025. Payment date: 22 August 2025. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.2%).
New Risk • Jul 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% 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 (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change).
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$182, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$117 per share.
Price Target Changed • Jul 10Price target decreased by 8.3% to NT$214Down from NT$233, the current price target is an average from 4 analysts. New target price is 16% above last closing price of NT$185. Stock is down 36% over the past year. The company is forecast to post earnings per share of NT$8.46 for next year compared to NT$10.39 last year.
Declared Dividend • Jun 28Dividend reduced to NT$6.94Dividend of NT$6.94 is 22% lower than last year. Ex-date: 23rd July 2025 Payment date: 22nd August 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (77% 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 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next year, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$167, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$114 per share.
Major Estimate Revision • Jun 05Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$5.80b to NT$5.57b. EPS estimate also fell from NT$11.60 per share to NT$8.97 per share. Net income forecast to grow 16% next year vs 17% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$233 to NT$217. Share price was steady at NT$147 over the past week.
Reported Earnings • May 15First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$0.76 (down from NT$2.11 in 1Q 2024). Revenue: NT$1.24b (up 2.7% from 1Q 2024). Net income: NT$50.4m (down 64% from 1Q 2024). Profit margin: 4.1% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 52%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Apr 10Now 28% overvaluedOver the last 90 days, the stock has fallen 39% to NT$153. The fair value is estimated to be NT$119, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 4.5%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.
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$144, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$120 per share.
Major Estimate Revision • Mar 14Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$6.09b to NT$5.85b. EPS estimate also fell from NT$14.62 per share to NT$11.81 per share. Net income forecast to grow 14% next year vs 19% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$311 to NT$287. Share price fell 8.0% to NT$195 over the past week.
공지 • Mar 10Materials Analysis Technology Inc., Annual General Meeting, Jun 17, 2025Materials Analysis Technology Inc., Annual General Meeting, Jun 17, 2025. Location: no,1, li hsing 1st rd., hsinchu science park, hsinchu city Taiwan
Price Target Changed • Mar 10Price target decreased by 7.8% to NT$287Down from NT$312, the current price target is an average from 3 analysts. New target price is 39% above last closing price of NT$207. Stock is down 26% over the past year. The company is forecast to post earnings per share of NT$11.81 for next year compared to NT$10.39 last year.
Reported Earnings • Mar 09Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$10.39. Revenue: NT$5.11b (up 6.3% from FY 2023). Net income: NT$688.1m (flat on FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.
Reported Earnings • Nov 06Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$2.87 (up from NT$2.68 in 3Q 2023). Revenue: NT$1.34b (up 10.0% from 3Q 2023). Net income: NT$190.6m (up 10% from 3Q 2023). Profit margin: 14% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Oct 25Materials Analysis Technology Inc. to Report Q3, 2024 Results on Nov 01, 2024Materials Analysis Technology Inc. announced that they will report Q3, 2024 results on Nov 01, 2024
공지 • Jul 24Materials Analysis Technology Inc. to Report Q2, 2024 Results on Aug 02, 2024Materials Analysis Technology Inc. announced that they will report Q2, 2024 results on Aug 02, 2024
Upcoming Dividend • Jul 05Upcoming dividend of NT$8.93 per shareEligible shareholders must have bought the stock before 12 July 2024. Payment date: 15 August 2024. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.0%).
Declared Dividend • Jun 19Dividend increased to NT$9.00Dividend of NT$9.00 is 11% higher than last year. Ex-date: 12th July 2024 Payment date: 15th August 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 08First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: NT$2.11 (down from NT$2.45 in 1Q 2023). Revenue: NT$1.21b (up 5.6% from 1Q 2023). Net income: NT$138.8m (down 8.4% from 1Q 2023). Profit margin: 12% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Apr 28Materials Analysis Technology Inc. to Report Q1, 2024 Results on May 03, 2024Materials Analysis Technology Inc. announced that they will report Q1, 2024 results on May 03, 2024
Buy Or Sell Opportunity • Apr 22Now 21% undervaluedOver the last 90 days, the stock has risen 10% to NT$280. The fair value is estimated to be NT$355, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 66% in the next 2 years.
Reported Earnings • Mar 16Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$10.81 (up from NT$10.12 in FY 2022). Revenue: NT$4.81b (up 21% from FY 2022). Net income: NT$686.2m (up 9.4% from FY 2022). Profit margin: 14% (down from 16% in FY 2022). 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. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Mar 09+ 1 more updateMaterials Analysis Technology Inc., Annual General Meeting, Jun 14, 2024Materials Analysis Technology Inc., Annual General Meeting, Jun 14, 2024. Location: 1A3,No.1 Lising Rd.I, Science-Based Industrial Park,Hsinchu City, Hsin Chu City Taiwan Agenda: To report the business status of 2023; to report Audit Committee's financial report review of 2023; to report the status of remunerate distribution to employees and directors of 2023; to report the distribution of cash dividend of 2023 profits; to report the distribution of cash dividends from the capital surplus of 2023; to report the company's endorsement or guarantee to external parties.
Buy Or Sell Opportunity • Mar 07Now 20% undervaluedOver the last 90 days, the stock has risen 22% to NT$289. The fair value is estimated to be NT$362, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.
Price Target Changed • Feb 16Price target increased by 7.1% to NT$300Up from NT$280, the current price target is an average from 2 analysts. New target price is 14% above last closing price of NT$264. Stock is up 43% over the past year. The company is forecast to post earnings per share of NT$10.69 for next year compared to NT$10.12 last year.
Price Target Changed • Nov 06Price target decreased by 10% to NT$260Down from NT$290, the current price target is an average from 3 analysts. New target price is 18% above last closing price of NT$221. Stock is up 62% over the past year. The company is forecast to post earnings per share of NT$11.36 for next year compared to NT$10.12 last year.
Reported Earnings • Nov 06Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: NT$2.68 (down from NT$2.97 in 3Q 2022). Revenue: NT$1.22b (up 16% from 3Q 2022). Net income: NT$173.2m (down 5.5% from 3Q 2022). Profit margin: 14% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Oct 04New 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 7.9% 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 (7.9% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Shareholders have been diluted in the past year (12% increase in shares outstanding).
New Risk • Aug 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding).
Price Target Changed • Aug 09Price target increased by 23% to NT$290Up from NT$236, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$283. Stock is up 140% over the past year. The company is forecast to post earnings per share of NT$12.70 for next year compared to NT$10.12 last year.
Reported Earnings • Aug 06Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$3.35 (up from NT$1.64 in 2Q 2022). Revenue: NT$1.21b (up 36% from 2Q 2022). Net income: NT$206.9m (up 103% from 2Q 2022). Profit margin: 17% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 21% 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 26% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% 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: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (5.5% increase in shares outstanding).
공지 • Jul 01+ 2 more updatesMaterials Analysis Technology Inc. Appoints Chia-Wei Li as Independent DirectorMaterials Analysis Technology Inc. appointed Chia-Wei Li, President, National Museum of Natural Science Foundation CEO, Dr. Cecilia Koo Botanic Conservation and Environmental Protection Foundation Hou Chin-Tui Chair Professor, National Tsing Hua University, as Independent director, effective from June 30, 2023.
Upcoming Dividend • Jun 26Upcoming dividend of NT$8.08 per share at 3.4% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 04 August 2023. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.2%).
공지 • Jun 15Materials Analysis Technology Inc. Approves Cash Dividend, Payable on August 4, 2023Materials Analysis Technology Inc. announced he original cash distribution of TWD 6.0 per share of capital reserves and TWD 2.0 in cash dividends per share amounted to TWD 498,505,256. After adjustment, the cash distribution of TWD 6.05656787 per capital reserve and TWD 2.01885596 in cash dividends per share amounted to TWD 498,505,256. .Ex-rights (Ex-dividend) date: July 3, 2023. Payment date of cash dividend distribution August 4, 2023. Shareholders’ meeting, or of the decision by the company June 14, 2023.
Price Target Changed • Jun 07Price target increased by 23% to NT$194Up from NT$158, the current price target is an average from 2 analysts. New target price is 16% below last closing price of NT$232. Stock is up 91% over the past year. The company is forecast to post earnings per share of NT$12.45 for next year compared to NT$10.12 last year.
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$214, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 206% over the past three years.
Reported Earnings • Mar 30Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: NT$10.12 (up from NT$9.48 in FY 2021). Revenue: NT$3.97b (up 18% from FY 2021). Net income: NT$627.5m (up 7.0% from FY 2021). Profit margin: 16% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$167, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 120% over the past three years.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 03Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$2.97 (up from NT$2.29 in 3Q 2021). Revenue: NT$1.05b (up 16% from 3Q 2021). Net income: NT$183.3m (up 30% from 3Q 2021). Profit margin: 17% (up from 16% in 3Q 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 6.9%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 12Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$118, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 80% over the past three years.
Price Target Changed • Oct 07Price target decreased to NT$145Down from NT$158, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$145. Stock is down 10% over the past year. The company is forecast to post earnings per share of NT$9.59 for next year compared to NT$9.48 last year.
Reported Earnings • Aug 09Second quarter 2022 earnings released: EPS: NT$1.64 (vs NT$2.46 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.64 (down from NT$2.46 in 2Q 2021). Revenue: NT$889.6m (up 9.8% from 2Q 2021). Net income: NT$102.0m (down 33% from 2Q 2021). Profit margin: 12% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 24%, compared to a 20% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jul 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.8%. The fair value is estimated to be NT$150, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 45% in 2 years. Earnings is forecast to grow by 29% in the next 2 years.
Major Estimate Revision • Jul 27Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$4.12b to NT$4.02b. EPS estimate also fell from NT$11.70 per share to NT$10.13 per share. Net income forecast to grow 11% next year vs 11% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$165 to NT$158. Share price was steady at NT$119 over the past week.
Buying Opportunity • Jun 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be NT$153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 24% in a year. Earnings is forecast to grow by 26% in the next year.
Price Target Changed • Apr 27Price target increased to NT$190Up from NT$165, the current price target is provided by 1 analyst. New target price is 47% above last closing price of NT$129. Stock is down 6.2% over the past year. The company is forecast to post earnings per share of NT$11.94 for next year compared to NT$9.48 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Apr 07Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 14 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (2.4%).
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$2.29 (vs NT$2.15 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$905.2m (up 11% from 3Q 2020). Net income: NT$141.0m (up 5.2% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$162, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 269% over the past three years.
Upcoming Dividend • Sep 08Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 15 September 2021. Payment date: 15 October 2021. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.1%).
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$2.46 (vs NT$0.94 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$810.2m (up 8.9% from 2Q 2020). Net income: NT$151.4m (up 159% from 2Q 2020). Profit margin: 19% (up from 7.9% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$162, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 143% over the past three years.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$112, the stock trades at a trailing P/E ratio of 16.4x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 72% over the past three years.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$1.75 (vs NT$1.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$731.5m (up 8.0% from 1Q 2020). Net income: NT$109.0m (up 58% from 1Q 2020). Profit margin: 15% (up from 10% 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 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Apr 20Calculating The Fair Value Of Materials Analysis Technology Inc. (GTSM:3587)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Materials Analysis...
분석 기사 • Apr 07Materials Analysis Technology (GTSM:3587) Seems To Use Debt Rather SparinglyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$139, the stock trades at a trailing P/E ratio of 22.5x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 101% over the past three years.
Reported Earnings • Apr 04Full year 2020 earnings released: EPS NT$6.18 (vs NT$3.95 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.06b (up 21% from FY 2019). Net income: NT$385.1m (up 57% from FY 2019). Profit margin: 13% (up from 9.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Mar 23Is Materials Analysis Technology Inc. (GTSM:3587) An Attractive Dividend Stock?Is Materials Analysis Technology Inc. ( GTSM:3587 ) a good dividend stock? How can we tell? Dividend paying companies...
Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$6.18 (vs NT$3.95 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.06b (up 21% from FY 2019). Net income: NT$385.1m (up 57% from FY 2019). Profit margin: 13% (up from 9.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year.
분석 기사 • Mar 08Here's What To Make Of Materials Analysis Technology's (GTSM:3587) Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Is New 90 Day High Low • Mar 04New 90-day high: NT$116The company is up 30% from its price of NT$89.50 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 24% over the same period.
분석 기사 • Feb 21What Is Materials Analysis Technology Inc.'s (GTSM:3587) Share Price Doing?While Materials Analysis Technology Inc. ( GTSM:3587 ) might not be the most widely known stock at the moment, it led...
분석 기사 • Feb 06Shareholders Of Materials Analysis Technology (GTSM:3587) Must Be Happy With Their 101% Total ReturnThe main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share...
분석 기사 • Jan 21Is Materials Analysis Technology Inc.'s (GTSM:3587) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?Materials Analysis Technology (GTSM:3587) has had a great run on the share market with its stock up by a significant...
Is New 90 Day High Low • Jan 15New 90-day high: NT$92.20The company is up 8.0% from its price of NT$85.40 on 16 October 2020. The Taiwanese market is up 22% 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.
분석 기사 • Jan 06Materials Analysis Technology (GTSM:3587) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
분석 기사 • Dec 22Investors In Materials Analysis Technology Inc. (GTSM:3587) Should Consider This, FirstToday we'll take a closer look at Materials Analysis Technology Inc. ( GTSM:3587 ) from a dividend investor's...
분석 기사 • Dec 07The Returns At Materials Analysis Technology (GTSM:3587) Provide Us With Signs Of What's To ComeWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
분석 기사 • Nov 22Is Materials Analysis Technology Inc. (GTSM:3587) Potentially Undervalued?While Materials Analysis Technology Inc. (GTSM:3587) might not be the most widely known stock at the moment, it saw a...
Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$2.15The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$818.3m (up 25% from 3Q 2019). Net income: NT$134.0m (up 200% from 3Q 2019). Profit margin: 16% (up from 6.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat.