View ValuationAdvanced Echem Materials 향후 성장Future 기준 점검 5/6Advanced Echem Materials은 연간 수입과 매출이 각각 36.7%와 30.6% 증가할 것으로 예상되고 EPS는 연간 37.6%만큼 증가할 것으로 예상됩니다.핵심 정보36.7%이익 성장률37.65%EPS 성장률Semiconductor 이익 성장25.7%매출 성장률30.6%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트11 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • May 16First quarter 2026 earnings: EPS in line with analyst expectations despite revenue beatFirst quarter 2026 results: EPS: NT$3.00 (up from NT$2.28 in 1Q 2025). Revenue: NT$1.25b (up 30% from 1Q 2025). Net income: NT$339.5m (up 63% from 1Q 2025). Profit margin: 27% (up from 22% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.New Risk • May 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change).Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$11.33 (vs NT$8.50 in FY 2024)Full year 2025 results: EPS: NT$11.33 (up from NT$8.50 in FY 2024). Revenue: NT$4.26b (up 28% from FY 2024). Net income: NT$1.04b (up 50% from FY 2024). Profit margin: 25% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% 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 increased by 34% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth.공시 • Mar 12Advanced Echem Materials Company Limited, Annual General Meeting, Jun 11, 2026Advanced Echem Materials Company Limited, Annual General Meeting, Jun 11, 2026. Location: no,428, k`o wang rd., longtan district, taoyuan city TaiwanReported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$3.13 (vs NT$1.90 in 3Q 2024)Third quarter 2025 results: EPS: NT$3.13 (up from NT$1.90 in 3Q 2024). Revenue: NT$1.07b (up 24% from 3Q 2024). Net income: NT$290.1m (up 86% from 3Q 2024). Profit margin: 27% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% 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 increased by 31% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$3.07 (vs NT$2.39 in 2Q 2024)Second quarter 2025 results: EPS: NT$3.07 (up from NT$2.39 in 2Q 2024). Revenue: NT$1.15b (up 34% from 2Q 2024). Net income: NT$284.6m (up 45% from 2Q 2024). Profit margin: 25% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 36% per year.Upcoming Dividend • Jul 10Upcoming dividend of NT$5.99 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.2%).Valuation Update With 7 Day Price Move • May 18Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$559, the stock trades at a trailing P/E ratio of 70.7x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 271% over the past three years.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$2.28 (vs NT$2.11 in 1Q 2024)First quarter 2025 results: EPS: NT$2.28 (up from NT$2.11 in 1Q 2024). Revenue: NT$959.3m (up 39% from 1Q 2024). Net income: NT$207.8m (up 20% from 1Q 2024). Profit margin: 22% (down from 25% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% 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 32% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.공시 • Apr 30Advanced Echem Materials Company Limited to Report Q1, 2025 Results on May 07, 2025Advanced Echem Materials Company Limited announced that they will report Q1, 2025 results on May 07, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$407, the stock trades at a trailing P/E ratio of 54x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 243% over the past three years.New Risk • Mar 26New 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 7.7% 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 (7.7% average weekly change). High level of non-cash earnings (24% accrual ratio).공시 • Mar 17Advanced Echem Materials Company Limited, Annual General Meeting, Jun 18, 2025Advanced Echem Materials Company Limited, Annual General Meeting, Jun 18, 2025. Location: no,428, k`o wang rd., longtan district, taoyuan city TaiwanReported Earnings • Mar 16Full year 2024 earnings released: EPS: NT$8.50 (vs NT$3.91 in FY 2023)Full year 2024 results: EPS: NT$8.50 (up from NT$3.91 in FY 2023). Revenue: NT$3.32b (up 41% from FY 2023). Net income: NT$697.5m (up 119% from FY 2023). Profit margin: 21% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% 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 35% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.공시 • Mar 07Advanced Echem Materials Company Limited to Report Fiscal Year 2024 Results on Mar 14, 2025Advanced Echem Materials Company Limited announced that they will report fiscal year 2024 results on Mar 14, 2025공시 • Feb 04Advanced Echem Materials Company Limited has completed a Follow-on Equity Offering in the amount of TWD 4.93728 billion.Advanced Echem Materials Company Limited has completed a Follow-on Equity Offering in the amount of TWD 4.93728 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 10,286,000 Price\Range: TWD 480New Risk • Feb 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.90 (vs NT$0.77 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.90 (up from NT$0.77 in 3Q 2023). Revenue: NT$856.8m (up 48% from 3Q 2023). Net income: NT$155.7m (up 150% from 3Q 2023). Profit margin: 18% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue.Upcoming Dividend • Jul 31Upcoming dividend of NT$2.79 per shareEligible shareholders must have bought the stock before 07 August 2024. Payment date: 27 August 2024. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.1%).Reported Earnings • May 03Full year 2023 earnings released: EPS: NT$3.91 (vs NT$5.01 in FY 2022)Full year 2023 results: EPS: NT$3.91 (down from NT$5.01 in FY 2022). Revenue: NT$2.36b (up 4.0% from FY 2022). Net income: NT$318.4m (down 21% from FY 2022). Profit margin: 14% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses.공시 • Mar 30Advanced Echem Materials Company Limited, Annual General Meeting, Jun 21, 2024Advanced Echem Materials Company Limited, Annual General Meeting, Jun 21, 2024.New Risk • Mar 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change).공시 • Jan 30Cheng Mei Materials Technology Corporation (TWSE:4960) acquired an unknown stake in Opals Chemical Technology Ltd. from Advanced Echem Materials Company Limited (TPEX:4749) for approximately TWD 310 million.Cheng Mei Materials Technology Corporation (TWSE:4960) acquired an unknown stake in Opals Chemical Technology Ltd. from Advanced Echem Materials Company Limited (TPEX:4749) for approximately TWD 310 million on January 29, 2024. Cheng Mei Materials Technology Corporation (TWSE:4960) completed the acquisition of an unknown stake in Opals Chemical Technology Ltd. from Advanced Echem Materials Company Limited (TPEX:4749) on January 29, 2024.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$395, the stock trades at a trailing P/E ratio of 74.5x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 93% over the past year.Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$307, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 82% over the past year.New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 16First half 2023 earnings released: EPS: NT$2.38 (vs NT$2.18 in 1H 2022)First half 2023 results: EPS: NT$2.38 (up from NT$2.18 in 1H 2022). Revenue: NT$1.21b (up 25% from 1H 2022). Net income: NT$193.7m (up 10% from 1H 2022). Profit margin: 16% (down from 18% in 1H 2022). The decrease in margin was driven by higher expenses.Upcoming Dividend • Jul 12Upcoming dividend of NT$3.00 per share at 1.2% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 08 August 2023. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%).Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$270, the stock trades at a trailing P/E ratio of 62.5x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 122% over the past year.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$207, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 27% share price decline to NT$165, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to NT$192, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan.Upcoming Dividend • Jul 12Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 08 August 2022. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.9%).Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$174, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan.Reported Earnings • Apr 27Full year 2021 earnings released: EPS: NT$1.62 (vs NT$0.39 in FY 2020)Full year 2021 results: EPS: NT$1.62 (up from NT$0.39 in FY 2020). Revenue: NT$1.61b (up 40% from FY 2020). Net income: NT$122.0m (up 398% from FY 2020). Profit margin: 7.6% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue.이익 및 매출 성장 예측TPEX:4749 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20277,7702,2333481,239412/31/20265,7781,5391,0232,15623/31/20264,5481,176-1021,044N/A12/31/20254,2621,044-311,117N/A9/30/20254,0939563481,165N/A6/30/20253,8848212341,291N/A3/31/20253,589732211,090N/A12/31/20243,322698-182944N/A9/30/20242,996607-237798N/A6/30/20242,708493-313530N/A3/31/20242,450389-536250N/A12/31/20232,364318-641-60N/A9/30/20232,466352-34186N/A6/30/20232,515431-85221N/A3/31/20232,398423-97250N/A12/31/20222,274404-13410N/A9/30/20222,012342-177209N/A6/30/20221,830255-49636N/A3/31/20221,720188-55512N/A12/31/20211,609122-615-13N/A9/30/20211,48572-63316N/A6/30/20211,35141-458130N/A3/31/20211,25233-404150N/A12/31/20201,15224-349170N/A12/31/20199195N/A9N/A12/31/20181,02548N/A148N/A6/30/20161,03992N/A176N/A3/31/20161,04598N/A176N/A12/31/20151,050104N/A177N/A9/30/20151,068107N/A181N/A6/30/20151,086110N/A185N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 4749 의 연간 예상 수익 증가율(36.7%)이 saving rate(1.3%)보다 높습니다.수익 vs 시장: 4749 의 연간 수익(36.7%)이 TW 시장(26.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 4749 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 4749 의 수익(연간 30.6%)이 TW 시장(연간 18.6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 4749 의 수익(연간 30.6%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 4749의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 04:56종가2026/05/20 00:00수익2026/03/31연간 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 소스Advanced Echem Materials Company Limited는 6명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullCapital Securities CorporationJianzheng WuCapital Securities CorporationEden ChangKGI Securities Co. Ltd.3명의 분석가 더 보기
Reported Earnings • May 16First quarter 2026 earnings: EPS in line with analyst expectations despite revenue beatFirst quarter 2026 results: EPS: NT$3.00 (up from NT$2.28 in 1Q 2025). Revenue: NT$1.25b (up 30% from 1Q 2025). Net income: NT$339.5m (up 63% from 1Q 2025). Profit margin: 27% (up from 22% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • May 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change).
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$11.33 (vs NT$8.50 in FY 2024)Full year 2025 results: EPS: NT$11.33 (up from NT$8.50 in FY 2024). Revenue: NT$4.26b (up 28% from FY 2024). Net income: NT$1.04b (up 50% from FY 2024). Profit margin: 25% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% 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 increased by 34% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Mar 12Advanced Echem Materials Company Limited, Annual General Meeting, Jun 11, 2026Advanced Echem Materials Company Limited, Annual General Meeting, Jun 11, 2026. Location: no,428, k`o wang rd., longtan district, taoyuan city Taiwan
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$3.13 (vs NT$1.90 in 3Q 2024)Third quarter 2025 results: EPS: NT$3.13 (up from NT$1.90 in 3Q 2024). Revenue: NT$1.07b (up 24% from 3Q 2024). Net income: NT$290.1m (up 86% from 3Q 2024). Profit margin: 27% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% 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 increased by 31% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$3.07 (vs NT$2.39 in 2Q 2024)Second quarter 2025 results: EPS: NT$3.07 (up from NT$2.39 in 2Q 2024). Revenue: NT$1.15b (up 34% from 2Q 2024). Net income: NT$284.6m (up 45% from 2Q 2024). Profit margin: 25% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 36% per year.
Upcoming Dividend • Jul 10Upcoming dividend of NT$5.99 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.2%).
Valuation Update With 7 Day Price Move • May 18Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$559, the stock trades at a trailing P/E ratio of 70.7x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 271% over the past three years.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$2.28 (vs NT$2.11 in 1Q 2024)First quarter 2025 results: EPS: NT$2.28 (up from NT$2.11 in 1Q 2024). Revenue: NT$959.3m (up 39% from 1Q 2024). Net income: NT$207.8m (up 20% from 1Q 2024). Profit margin: 22% (down from 25% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% 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 32% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Apr 30Advanced Echem Materials Company Limited to Report Q1, 2025 Results on May 07, 2025Advanced Echem Materials Company Limited announced that they will report Q1, 2025 results on May 07, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$407, the stock trades at a trailing P/E ratio of 54x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 243% over the past three years.
New Risk • Mar 26New 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 7.7% 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 (7.7% average weekly change). High level of non-cash earnings (24% accrual ratio).
공시 • Mar 17Advanced Echem Materials Company Limited, Annual General Meeting, Jun 18, 2025Advanced Echem Materials Company Limited, Annual General Meeting, Jun 18, 2025. Location: no,428, k`o wang rd., longtan district, taoyuan city Taiwan
Reported Earnings • Mar 16Full year 2024 earnings released: EPS: NT$8.50 (vs NT$3.91 in FY 2023)Full year 2024 results: EPS: NT$8.50 (up from NT$3.91 in FY 2023). Revenue: NT$3.32b (up 41% from FY 2023). Net income: NT$697.5m (up 119% from FY 2023). Profit margin: 21% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% 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 35% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Mar 07Advanced Echem Materials Company Limited to Report Fiscal Year 2024 Results on Mar 14, 2025Advanced Echem Materials Company Limited announced that they will report fiscal year 2024 results on Mar 14, 2025
공시 • Feb 04Advanced Echem Materials Company Limited has completed a Follow-on Equity Offering in the amount of TWD 4.93728 billion.Advanced Echem Materials Company Limited has completed a Follow-on Equity Offering in the amount of TWD 4.93728 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 10,286,000 Price\Range: TWD 480
New Risk • Feb 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.90 (vs NT$0.77 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.90 (up from NT$0.77 in 3Q 2023). Revenue: NT$856.8m (up 48% from 3Q 2023). Net income: NT$155.7m (up 150% from 3Q 2023). Profit margin: 18% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue.
Upcoming Dividend • Jul 31Upcoming dividend of NT$2.79 per shareEligible shareholders must have bought the stock before 07 August 2024. Payment date: 27 August 2024. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.1%).
Reported Earnings • May 03Full year 2023 earnings released: EPS: NT$3.91 (vs NT$5.01 in FY 2022)Full year 2023 results: EPS: NT$3.91 (down from NT$5.01 in FY 2022). Revenue: NT$2.36b (up 4.0% from FY 2022). Net income: NT$318.4m (down 21% from FY 2022). Profit margin: 14% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses.
공시 • Mar 30Advanced Echem Materials Company Limited, Annual General Meeting, Jun 21, 2024Advanced Echem Materials Company Limited, Annual General Meeting, Jun 21, 2024.
New Risk • Mar 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change).
공시 • Jan 30Cheng Mei Materials Technology Corporation (TWSE:4960) acquired an unknown stake in Opals Chemical Technology Ltd. from Advanced Echem Materials Company Limited (TPEX:4749) for approximately TWD 310 million.Cheng Mei Materials Technology Corporation (TWSE:4960) acquired an unknown stake in Opals Chemical Technology Ltd. from Advanced Echem Materials Company Limited (TPEX:4749) for approximately TWD 310 million on January 29, 2024. Cheng Mei Materials Technology Corporation (TWSE:4960) completed the acquisition of an unknown stake in Opals Chemical Technology Ltd. from Advanced Echem Materials Company Limited (TPEX:4749) on January 29, 2024.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$395, the stock trades at a trailing P/E ratio of 74.5x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 93% over the past year.
Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$307, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 82% over the past year.
New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 16First half 2023 earnings released: EPS: NT$2.38 (vs NT$2.18 in 1H 2022)First half 2023 results: EPS: NT$2.38 (up from NT$2.18 in 1H 2022). Revenue: NT$1.21b (up 25% from 1H 2022). Net income: NT$193.7m (up 10% from 1H 2022). Profit margin: 16% (down from 18% in 1H 2022). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Jul 12Upcoming dividend of NT$3.00 per share at 1.2% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 08 August 2023. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%).
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$270, the stock trades at a trailing P/E ratio of 62.5x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 122% over the past year.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$207, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 27% share price decline to NT$165, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to NT$192, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan.
Upcoming Dividend • Jul 12Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 08 August 2022. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.9%).
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$174, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan.
Reported Earnings • Apr 27Full year 2021 earnings released: EPS: NT$1.62 (vs NT$0.39 in FY 2020)Full year 2021 results: EPS: NT$1.62 (up from NT$0.39 in FY 2020). Revenue: NT$1.61b (up 40% from FY 2020). Net income: NT$122.0m (up 398% from FY 2020). Profit margin: 7.6% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue.