View ValuationMPI 향후 성장Future 기준 점검 6/6MPI (는) 각각 연간 50.5% 및 47.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 50% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 46.9% 로 예상됩니다.핵심 정보50.5%이익 성장률50.04%EPS 성장률Semiconductor 이익 성장25.9%매출 성장률47.2%향후 자기자본이익률46.89%애널리스트 커버리지Good마지막 업데이트20 May 2026최근 향후 성장 업데이트Price Target Changed • May 12Price target increased by 7.0% to NT$4,863Up from NT$4,543, the current price target is an average from 10 analysts. New target price is 11% below last closing price of NT$5,480. Stock is up 715% over the past year. The company is forecast to post earnings per share of NT$59.20 for next year compared to NT$33.53 last year.Price Target Changed • Apr 09Price target increased by 11% to NT$4,214Up from NT$3,788, the current price target is an average from 9 analysts. New target price is 5.7% below last closing price of NT$4,470. Stock is up 723% over the past year. The company is forecast to post earnings per share of NT$58.94 for next year compared to NT$33.52 last year.Price Target Changed • Feb 05Price target increased by 7.2% to NT$2,805Up from NT$2,616, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$2,765. Stock is up 236% over the past year. The company is forecast to post earnings per share of NT$33.03 for next year compared to NT$24.47 last year.Price Target Changed • Feb 03Price target increased by 7.5% to NT$2,671Up from NT$2,484, the current price target is an average from 8 analysts. New target price is 6.1% below last closing price of NT$2,845. Stock is up 281% over the past year. The company is forecast to post earnings per share of NT$32.86 for next year compared to NT$24.47 last year.Price Target Changed • Nov 12Price target increased by 7.3% to NT$2,191Up from NT$2,041, the current price target is an average from 7 analysts. New target price is 27% above last closing price of NT$1,720. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$32.49 for next year compared to NT$24.47 last year.Price Target Changed • Sep 26Price target increased by 8.7% to NT$1,712Up from NT$1,575, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$1,655. Stock is up 118% over the past year. The company is forecast to post earnings per share of NT$32.42 for next year compared to NT$24.47 last year.모든 업데이트 보기Recent updatesReported Earnings • May 14First quarter 2026 earnings released: EPS: NT$12.00 (vs NT$7.71 in 1Q 2025)First quarter 2026 results: EPS: NT$12.00 (up from NT$7.71 in 1Q 2025). Revenue: NT$3.93b (up 39% from 1Q 2025). Net income: NT$1.23b (up 69% from 1Q 2025). Profit margin: 31% (up from 26% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 3 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 40% per year but the company’s share price has increased by 254% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • May 12Price target increased by 7.0% to NT$4,863Up from NT$4,543, the current price target is an average from 10 analysts. New target price is 11% below last closing price of NT$5,480. Stock is up 715% over the past year. The company is forecast to post earnings per share of NT$59.20 for next year compared to NT$33.53 last year.Price Target Changed • Apr 09Price target increased by 11% to NT$4,214Up from NT$3,788, the current price target is an average from 9 analysts. New target price is 5.7% below last closing price of NT$4,470. Stock is up 723% over the past year. The company is forecast to post earnings per share of NT$58.94 for next year compared to NT$33.52 last year.공시 • Mar 12MPI Corporation, Annual General Meeting, Jun 17, 2026MPI Corporation, Annual General Meeting, Jun 17, 2026. Location: no,11, huan k`o 1st rd., jhubei city, hsinchu county TaiwanReported Earnings • Mar 12Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$33.52 (up from NT$24.47 in FY 2024). Revenue: NT$13.4b (up 32% from FY 2024). Net income: NT$3.18b (up 38% from FY 2024). Profit margin: 24% (up from 23% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 35% 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 37% per year but the company’s share price has increased by 213% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Feb 05Price target increased by 7.2% to NT$2,805Up from NT$2,616, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$2,765. Stock is up 236% over the past year. The company is forecast to post earnings per share of NT$33.03 for next year compared to NT$24.47 last year.Price Target Changed • Feb 03Price target increased by 7.5% to NT$2,671Up from NT$2,484, the current price target is an average from 8 analysts. New target price is 6.1% below last closing price of NT$2,845. Stock is up 281% over the past year. The company is forecast to post earnings per share of NT$32.86 for next year compared to NT$24.47 last year.Buy Or Sell Opportunity • Jan 27Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 36% to NT$2,730. The fair value is estimated to be NT$2,197, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 91% in 2 years. Earnings are forecast to grow by 109% in the next 2 years.Valuation Update With 7 Day Price Move • Nov 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$2,090, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 1,773% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,238 per share.공시 • Nov 20MPI Corporation (TPEX:6223) agreed to acquire Focus Microwaves Inc. for $28 million.MPI Corporation (TPEX:6223) agreed to acquire Focus Microwaves Inc. for $28 million on November 17, 2025. A cash consideration of $28 million will be paid by MPI Corporation. As part of consideration, $28 million is paid towards common equity of Focus Microwaves Inc. The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board of MPI Corporation. Sheng-Chang Liu of EVEREST CPA & Co. acted as accountant for MPI Corporation.Price Target Changed • Nov 12Price target increased by 7.3% to NT$2,191Up from NT$2,041, the current price target is an average from 7 analysts. New target price is 27% above last closing price of NT$1,720. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$32.49 for next year compared to NT$24.47 last year.Buy Or Sell Opportunity • Nov 12Now 22% undervaluedOver the last 90 days, the stock has risen 36% to NT$1,720. The fair value is estimated to be NT$2,197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 78% in 2 years. Earnings are forecast to grow by 105% in the next 2 years.Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$9.30 (vs NT$6.91 in 3Q 2024)Third quarter 2025 results: EPS: NT$9.30 (up from NT$6.91 in 3Q 2024). Revenue: NT$3.41b (up 25% from 3Q 2024). Net income: NT$877.1m (up 35% from 3Q 2024). Profit margin: 26% (up from 24% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 166% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$2,100, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 2,402% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,839 per share.New Risk • Oct 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% 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. This is currently the only risk that has been identified for the company.Price Target Changed • Sep 26Price target increased by 8.7% to NT$1,712Up from NT$1,575, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$1,655. Stock is up 118% over the past year. The company is forecast to post earnings per share of NT$32.42 for next year compared to NT$24.47 last year.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,690, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 2,050% over the past three years.Price Target Changed • Sep 08Price target increased by 19% to NT$1,575Up from NT$1,328, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$1,525. Stock is up 105% over the past year. The company is forecast to post earnings per share of NT$32.42 for next year compared to NT$24.47 last year.Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,305, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 1,336% over the past three years.Reported Earnings • Aug 15Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: NT$6.67 (up from NT$5.76 in 2Q 2024). Revenue: NT$3.29b (up 38% from 2Q 2024). Net income: NT$630.6m (up 16% from 2Q 2024). Profit margin: 19% (down from 23% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Aug 14Price target increased by 14% to NT$1,303Up from NT$1,142, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$1,260. Stock is up 89% over the past year. The company is forecast to post earnings per share of NT$32.66 for next year compared to NT$24.47 last year.Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$1,155, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 1,162% over the past three years.Upcoming Dividend • Jul 03Upcoming dividend of NT$16.01 per shareEligible shareholders must have bought the stock before 10 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.2%).Declared Dividend • Jun 13Dividend increased to NT$16.00Dividend of NT$16.00 is 113% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 38%. Cash payout ratio: 29%.Valuation Update With 7 Day Price Move • May 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$793, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 755% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$420 per share.Reported Earnings • May 10First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$7.68 (up from NT$4.22 in 1Q 2024). Revenue: NT$2.83b (up 38% from 1Q 2024). Net income: NT$726.5m (up 83% from 1Q 2024). Profit margin: 26% (up from 19% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 17%. 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 32% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 01MPI Corporation to Report Q1, 2025 Results on May 09, 2025MPI Corporation announced that they will report Q1, 2025 results on May 09, 2025Price Target Changed • Apr 15Price target decreased by 8.4% to NT$855Down from NT$933, the current price target is an average from 4 analysts. New target price is 33% above last closing price of NT$645. Stock is up 71% over the past year. The company is forecast to post earnings per share of NT$30.54 for next year compared to NT$24.47 last year.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$549, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 540% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$352 per share.Reported Earnings • Mar 15Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$24.47 (up from NT$14.02 in FY 2023). Revenue: NT$10.2b (up 25% from FY 2023). Net income: NT$2.31b (up 75% from FY 2023). Profit margin: 23% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 17% 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 30% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth.공시 • Mar 14MPI Corporation, Annual General Meeting, Jun 11, 2025MPI Corporation, Annual General Meeting, Jun 11, 2025, at 10:00 Taipei Standard Time. Location: no,11, huan k`o 1st rd., jhubei city, hsinchu county Taiwan공시 • Mar 05MPI Corporation to Report Fiscal Year 2024 Results on Mar 12, 2025MPI Corporation announced that they will report fiscal year 2024 results on Mar 12, 2025Price Target Changed • Mar 03Price target increased by 11% to NT$986Up from NT$890, the current price target is an average from 4 analysts. New target price is 36% above last closing price of NT$725. Stock is up 118% over the past year. The company is forecast to post earnings per share of NT$24.09 for next year compared to NT$14.02 last year.Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$741, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 641% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$533 per share.New Risk • Jan 13New 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$895, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 796% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$516 per share.Reported Earnings • Nov 17Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: NT$6.89 (up from NT$4.40 in 3Q 2023). Revenue: NT$2.73b (up 27% from 3Q 2023). Net income: NT$651.3m (up 57% from 3Q 2023). Profit margin: 24% (up from 19% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 19% 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 29% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 14Price target increased by 12% to NT$788Up from NT$701, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$814. Stock is up 260% over the past year. The company is forecast to post earnings per share of NT$22.90 for next year compared to NT$14.02 last year.Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$693, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 381% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$513 per share.Buy Or Sell Opportunity • Aug 14Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 49% to NT$648. The fair value is estimated to be NT$516, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 20% in a year. Earnings are forecast to grow by 35% in the next year.Reported Earnings • Aug 14Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$5.76 (up from NT$3.67 in 2Q 2023). Revenue: NT$2.39b (up 19% from 2Q 2023). Net income: NT$542.7m (up 57% from 2Q 2023). Profit margin: 23% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 15% 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 28% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Aug 14Price target increased by 10% to NT$610Up from NT$552, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$591. Stock is up 198% over the past year. The company is forecast to post earnings per share of NT$22.28 for next year compared to NT$14.02 last year.공시 • Aug 06MPI Corporation to Report Q2, 2024 Results on Aug 13, 2024MPI Corporation announced that they will report Q2, 2024 results on Aug 13, 2024Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$620, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 362% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$293 per share.Price Target Changed • Jul 08Price target increased by 13% to NT$577Up from NT$513, the current price target is an average from 4 analysts. New target price is 5.1% above last closing price of NT$549. Stock is up 216% over the past year. The company is forecast to post earnings per share of NT$18.54 for next year compared to NT$14.02 last year.Declared Dividend • Jun 27Dividend increased to NT$7.50Dividend of NT$7.50 is 7.1% higher than last year. Ex-date: 11th July 2024 Payment date: 2nd August 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next year, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • May 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$509, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 428% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$282 per share.Reported Earnings • May 18First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$4.18 (up from NT$3.01 in 1Q 2023). Revenue: NT$2.05b (up 15% from 1Q 2023). Net income: NT$397.6m (up 40% from 1Q 2023). Profit margin: 19% (up from 16% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 15% 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 26% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • May 11Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$9.23b to NT$9.58b. EPS estimate increased from NT$14.75 to NT$17.08 per share. Net income forecast to grow 22% next year vs 30% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$404 to NT$499. Share price rose 5.9% to NT$431 over the past week.Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$408, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 269% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$198 per share.Reported Earnings • Apr 02Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$13.92 (up from NT$12.89 in FY 2022). Revenue: NT$8.15b (up 9.5% from FY 2022). Net income: NT$1.32b (up 8.8% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 14% 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 25% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Mar 12New 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 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Dividend is not well covered by cash flows (123% cash payout ratio).공시 • Mar 08MPI Corporation, Annual General Meeting, Jun 13, 2024MPI Corporation, Annual General Meeting, Jun 13, 2024. Location: Conference Hall, Chang Yih Hi-Tech Industrial Park No. 11, Huanke 1st Rd, Zhubei Hsinchu County Taiwan Agenda: To consider 2023 Operating report; to consider audit Committee's report of the 2023 audited financial reports; to consider 2023 distributable compensation for employees and directors; to consider the 2023 Earnings Distribution of cash dividends; to consider 2023 Financial Statements; to consider 2023 Dividend payout; and to consider other matters.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$328, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 212% over the past three years.Reported Earnings • Nov 14Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: NT$4.40 (up from NT$3.88 in 3Q 2022). Revenue: NT$2.15b (up 11% from 3Q 2022). Net income: NT$414.2m (up 13% from 3Q 2022). Profit margin: 19% (in line with 3Q 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.2%. Revenue is forecast to grow 7.7% 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 22% per year and the company’s share price has also increased by 22% per year.Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$215, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$241 per share.Buying Opportunity • Oct 19Now 21% undervaluedOver the last 90 days, the stock is up 3.7%. The fair value is estimated to be NT$245, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 6.7% in a year. Earnings is forecast to grow by 5.8% in the next year.Buying Opportunity • Aug 26Now 20% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be NT$239, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 6.7% in a year. Earnings is forecast to grow by 5.8% in the next year.Reported Earnings • Aug 11Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$3.66 (up from NT$3.21 in 2Q 2022). Revenue: NT$2.02b (up 7.1% from 2Q 2022). Net income: NT$345.3m (up 14% from 2Q 2022). Profit margin: 17% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 7.2% 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 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.New Risk • Aug 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change).Buying Opportunity • Aug 10Now 24% undervaluedOver the last 90 days, the stock is up 37%. The fair value is estimated to be NT$247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 6.5% in a year. Earnings is forecast to grow by 1.1% in the next year.Upcoming Dividend • Jul 06Upcoming dividend of NT$7.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%).Reported Earnings • Jun 20First quarter 2023 earnings released: EPS: NT$2.98 (vs NT$3.26 in 1Q 2022)First quarter 2023 results: EPS: NT$2.98 (down from NT$3.26 in 1Q 2022). Revenue: NT$1.78b (up 3.7% from 1Q 2022). Net income: NT$280.4m (down 8.4% from 1Q 2022). Profit margin: 16% (down from 18% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jun 16MPI Corporation Announces Board ChangesMPI Corporation at the AGM held on June 15, 2023, elected MPI Investment Co. Representative-Brian GreenDirector and MPI Investment Co. Representative-Steve Chen as directors.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$143, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 211% over the past three years.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$127, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 96% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Da-Ying Liao was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: NT$3.21 (vs NT$1.70 in 2Q 2021)Second quarter 2022 results: EPS: NT$3.21 (up from NT$1.70 in 2Q 2021). Revenue: NT$1.88b (up 20% from 2Q 2021). Net income: NT$301.8m (up 92% from 2Q 2021). Profit margin: 16% (up from 10.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year.Upcoming Dividend • Jul 07Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$77.50, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 31% over the past three years.공시 • Jun 16MPI Corporation Announces Cash Dividend, Payable on August 5, 2022MPI Corporation announced cash dividend of TWD 376,313,520(TWD 4 Per share), With an Ex-dividend date of July 14, 2022, record date of July 20, 2022 and payment date for distribution August 5, 2022.Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$3.25 (up from NT$1.50 in 1Q 2021). Revenue: NT$1.72b (up 21% from 1Q 2021). Net income: NT$306.2m (up 121% from 1Q 2021). Profit margin: 18% (up from 9.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Da-Ying Liao was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: NT$7.44 (down from NT$8.41 in FY 2020). Revenue: NT$6.51b (up 9.8% from FY 2020). Net income: NT$693.9m (down 2.9% from FY 2020). Profit margin: 11% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$1.88 (vs NT$2.50 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.64b (up 9.1% from 3Q 2020). Net income: NT$176.9m (down 20% from 3Q 2020). Profit margin: 11% (down from 15% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 32% per year.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$158, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 153% over the past three years.Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS NT$1.69 (vs NT$2.78 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.58b (up 1.5% from 2Q 2020). Net income: NT$157.4m (down 29% from 2Q 2020). Profit margin: 10.0% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$169, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 161% over the past three years.Upcoming Dividend • Jul 05Upcoming dividend of NT$4.47 per shareEligible shareholders must have bought the stock before 12 July 2021. Payment date: 06 August 2021. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.2%).Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$125, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 98% over the past three years.Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$1.50 (vs NT$1.80 in 1Q 2020)The company reported a mediocre first quarter result with weaker earnings, although profit margins were flat and revenues improved. First quarter 2021 results: Revenue: NT$1.42b (up 4.7% from 1Q 2020). Net income: NT$138.5m (down 3.6% from 1Q 2020). Profit margin: 9.7% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$115, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$140, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 152% over the past three years.Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$8.41 (vs NT$5.36 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.93b (up 7.4% from FY 2019). Net income: NT$714.5m (up 67% from FY 2019). Profit margin: 12% (up from 7.8% 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 58% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jan 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$108, the stock is trading at a trailing P/E ratio of 12.1x, down from the previous P/E ratio of 14.5x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 67%.Is New 90 Day High Low • Jan 19New 90-day high: NT$128The company is up 32% from its price of NT$96.80 on 22 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 34% over the same period.Reported Earnings • Nov 20Third quarter 2020 earnings released: EPS NT$2.50The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.51b (up 2.6% from 3Q 2019). Net income: NT$221.1m (up 55% from 3Q 2019). Profit margin: 15% (up from 9.7% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Nov 16New 90-day high: NT$125The company is up 2.0% from its price of NT$122 on 18 August 2020. The Taiwanese market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Semiconductor industry, which is up 5.0% over the same period.이익 및 매출 성장 예측TPEX:6223 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202857,42717,69610,28015,358612/31/202735,55010,8424,5578,700912/31/202620,9826,0121,2034,887103/31/202614,4763,680-6623,816N/A12/31/202513,3713,180-4083,546N/A9/30/202512,5382,9481,0983,767N/A6/30/202511,8542,7231,6593,798N/A3/31/202510,9542,6352,4433,288N/A12/31/202410,1722,3062,5302,804N/A9/30/20249,3651,8701,9391,851N/A6/30/20248,7901,6321,4751,987N/A3/31/20248,4151,4351,3451,817N/A12/31/20238,1471,3211,3361,705N/A9/30/20237,8441,2895381,722N/A6/30/20237,6201,2401,3961,773N/A3/31/20237,4771,1971,6021,991N/A12/31/20227,4121,2191,7532,094N/A9/30/20227,3841,1931,3451,822N/A6/30/20227,0961,0069091,464N/A3/31/20226,7988613851,121N/A12/31/20216,5096942761,057N/A9/30/20216,1496003021,048N/A6/30/20216,0126454051,085N/A3/31/20215,9897098011,408N/A12/31/20205,9267146961,335N/A9/30/20205,9397357101,339N/A6/30/20205,9016576161,231N/A3/31/20205,6464805531,028N/A12/31/20195,515428N/A832N/A9/30/20195,621439N/A941N/A6/30/20195,720425N/A788N/A3/31/20195,524356N/A566N/A12/31/20185,386335N/A846N/A9/30/20184,917136N/A176N/A6/30/20184,40833N/A111N/A3/31/20184,412110N/A215N/A12/31/20174,448146N/A108N/A9/30/20174,618340N/A670N/A6/30/20174,997520N/A1,033N/A3/31/20175,182615N/A1,113N/A12/31/20164,962563N/A1,208N/A9/30/20164,641428N/A880N/A6/30/20164,263322N/A580N/A3/31/20163,990254N/A477N/A12/31/20154,013295N/A160N/A9/30/20154,209392N/A279N/A6/30/20154,473531N/A542N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 6223 의 연간 예상 수익 증가율(50.5%)이 saving rate(1.3%)보다 높습니다.수익 vs 시장: 6223 의 연간 수익(50.5%)이 TW 시장(26.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 6223 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 6223 의 수익(연간 47.2%)이 TW 시장(연간 18.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 6223 의 수익(연간 47.2%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 6223의 자본 수익률은 3년 후 46.9%로 매우 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 10:10종가2026/05/22 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 소스MPI Corporation는 16명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관S. H. LinAletheia Analyst Network LimitedSkye ChenAletheia Analyst Network LimitedMike YangBofA Global Research13명의 분석가 더 보기
Price Target Changed • May 12Price target increased by 7.0% to NT$4,863Up from NT$4,543, the current price target is an average from 10 analysts. New target price is 11% below last closing price of NT$5,480. Stock is up 715% over the past year. The company is forecast to post earnings per share of NT$59.20 for next year compared to NT$33.53 last year.
Price Target Changed • Apr 09Price target increased by 11% to NT$4,214Up from NT$3,788, the current price target is an average from 9 analysts. New target price is 5.7% below last closing price of NT$4,470. Stock is up 723% over the past year. The company is forecast to post earnings per share of NT$58.94 for next year compared to NT$33.52 last year.
Price Target Changed • Feb 05Price target increased by 7.2% to NT$2,805Up from NT$2,616, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$2,765. Stock is up 236% over the past year. The company is forecast to post earnings per share of NT$33.03 for next year compared to NT$24.47 last year.
Price Target Changed • Feb 03Price target increased by 7.5% to NT$2,671Up from NT$2,484, the current price target is an average from 8 analysts. New target price is 6.1% below last closing price of NT$2,845. Stock is up 281% over the past year. The company is forecast to post earnings per share of NT$32.86 for next year compared to NT$24.47 last year.
Price Target Changed • Nov 12Price target increased by 7.3% to NT$2,191Up from NT$2,041, the current price target is an average from 7 analysts. New target price is 27% above last closing price of NT$1,720. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$32.49 for next year compared to NT$24.47 last year.
Price Target Changed • Sep 26Price target increased by 8.7% to NT$1,712Up from NT$1,575, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$1,655. Stock is up 118% over the past year. The company is forecast to post earnings per share of NT$32.42 for next year compared to NT$24.47 last year.
Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$12.00 (vs NT$7.71 in 1Q 2025)First quarter 2026 results: EPS: NT$12.00 (up from NT$7.71 in 1Q 2025). Revenue: NT$3.93b (up 39% from 1Q 2025). Net income: NT$1.23b (up 69% from 1Q 2025). Profit margin: 31% (up from 26% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 3 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 40% per year but the company’s share price has increased by 254% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • May 12Price target increased by 7.0% to NT$4,863Up from NT$4,543, the current price target is an average from 10 analysts. New target price is 11% below last closing price of NT$5,480. Stock is up 715% over the past year. The company is forecast to post earnings per share of NT$59.20 for next year compared to NT$33.53 last year.
Price Target Changed • Apr 09Price target increased by 11% to NT$4,214Up from NT$3,788, the current price target is an average from 9 analysts. New target price is 5.7% below last closing price of NT$4,470. Stock is up 723% over the past year. The company is forecast to post earnings per share of NT$58.94 for next year compared to NT$33.52 last year.
공시 • Mar 12MPI Corporation, Annual General Meeting, Jun 17, 2026MPI Corporation, Annual General Meeting, Jun 17, 2026. Location: no,11, huan k`o 1st rd., jhubei city, hsinchu county Taiwan
Reported Earnings • Mar 12Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$33.52 (up from NT$24.47 in FY 2024). Revenue: NT$13.4b (up 32% from FY 2024). Net income: NT$3.18b (up 38% from FY 2024). Profit margin: 24% (up from 23% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 35% 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 37% per year but the company’s share price has increased by 213% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Feb 05Price target increased by 7.2% to NT$2,805Up from NT$2,616, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$2,765. Stock is up 236% over the past year. The company is forecast to post earnings per share of NT$33.03 for next year compared to NT$24.47 last year.
Price Target Changed • Feb 03Price target increased by 7.5% to NT$2,671Up from NT$2,484, the current price target is an average from 8 analysts. New target price is 6.1% below last closing price of NT$2,845. Stock is up 281% over the past year. The company is forecast to post earnings per share of NT$32.86 for next year compared to NT$24.47 last year.
Buy Or Sell Opportunity • Jan 27Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 36% to NT$2,730. The fair value is estimated to be NT$2,197, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 91% in 2 years. Earnings are forecast to grow by 109% in the next 2 years.
Valuation Update With 7 Day Price Move • Nov 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$2,090, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 1,773% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,238 per share.
공시 • Nov 20MPI Corporation (TPEX:6223) agreed to acquire Focus Microwaves Inc. for $28 million.MPI Corporation (TPEX:6223) agreed to acquire Focus Microwaves Inc. for $28 million on November 17, 2025. A cash consideration of $28 million will be paid by MPI Corporation. As part of consideration, $28 million is paid towards common equity of Focus Microwaves Inc. The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board of MPI Corporation. Sheng-Chang Liu of EVEREST CPA & Co. acted as accountant for MPI Corporation.
Price Target Changed • Nov 12Price target increased by 7.3% to NT$2,191Up from NT$2,041, the current price target is an average from 7 analysts. New target price is 27% above last closing price of NT$1,720. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$32.49 for next year compared to NT$24.47 last year.
Buy Or Sell Opportunity • Nov 12Now 22% undervaluedOver the last 90 days, the stock has risen 36% to NT$1,720. The fair value is estimated to be NT$2,197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 78% in 2 years. Earnings are forecast to grow by 105% in the next 2 years.
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$9.30 (vs NT$6.91 in 3Q 2024)Third quarter 2025 results: EPS: NT$9.30 (up from NT$6.91 in 3Q 2024). Revenue: NT$3.41b (up 25% from 3Q 2024). Net income: NT$877.1m (up 35% from 3Q 2024). Profit margin: 26% (up from 24% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 166% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$2,100, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 2,402% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,839 per share.
New Risk • Oct 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% 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. This is currently the only risk that has been identified for the company.
Price Target Changed • Sep 26Price target increased by 8.7% to NT$1,712Up from NT$1,575, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$1,655. Stock is up 118% over the past year. The company is forecast to post earnings per share of NT$32.42 for next year compared to NT$24.47 last year.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,690, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 2,050% over the past three years.
Price Target Changed • Sep 08Price target increased by 19% to NT$1,575Up from NT$1,328, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$1,525. Stock is up 105% over the past year. The company is forecast to post earnings per share of NT$32.42 for next year compared to NT$24.47 last year.
Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,305, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 1,336% over the past three years.
Reported Earnings • Aug 15Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: NT$6.67 (up from NT$5.76 in 2Q 2024). Revenue: NT$3.29b (up 38% from 2Q 2024). Net income: NT$630.6m (up 16% from 2Q 2024). Profit margin: 19% (down from 23% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Aug 14Price target increased by 14% to NT$1,303Up from NT$1,142, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of NT$1,260. Stock is up 89% over the past year. The company is forecast to post earnings per share of NT$32.66 for next year compared to NT$24.47 last year.
Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$1,155, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 1,162% over the past three years.
Upcoming Dividend • Jul 03Upcoming dividend of NT$16.01 per shareEligible shareholders must have bought the stock before 10 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.2%).
Declared Dividend • Jun 13Dividend increased to NT$16.00Dividend of NT$16.00 is 113% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 38%. Cash payout ratio: 29%.
Valuation Update With 7 Day Price Move • May 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$793, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 755% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$420 per share.
Reported Earnings • May 10First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$7.68 (up from NT$4.22 in 1Q 2024). Revenue: NT$2.83b (up 38% from 1Q 2024). Net income: NT$726.5m (up 83% from 1Q 2024). Profit margin: 26% (up from 19% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 17%. 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 32% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 01MPI Corporation to Report Q1, 2025 Results on May 09, 2025MPI Corporation announced that they will report Q1, 2025 results on May 09, 2025
Price Target Changed • Apr 15Price target decreased by 8.4% to NT$855Down from NT$933, the current price target is an average from 4 analysts. New target price is 33% above last closing price of NT$645. Stock is up 71% over the past year. The company is forecast to post earnings per share of NT$30.54 for next year compared to NT$24.47 last year.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$549, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 540% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$352 per share.
Reported Earnings • Mar 15Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$24.47 (up from NT$14.02 in FY 2023). Revenue: NT$10.2b (up 25% from FY 2023). Net income: NT$2.31b (up 75% from FY 2023). Profit margin: 23% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 17% 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 30% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Mar 14MPI Corporation, Annual General Meeting, Jun 11, 2025MPI Corporation, Annual General Meeting, Jun 11, 2025, at 10:00 Taipei Standard Time. Location: no,11, huan k`o 1st rd., jhubei city, hsinchu county Taiwan
공시 • Mar 05MPI Corporation to Report Fiscal Year 2024 Results on Mar 12, 2025MPI Corporation announced that they will report fiscal year 2024 results on Mar 12, 2025
Price Target Changed • Mar 03Price target increased by 11% to NT$986Up from NT$890, the current price target is an average from 4 analysts. New target price is 36% above last closing price of NT$725. Stock is up 118% over the past year. The company is forecast to post earnings per share of NT$24.09 for next year compared to NT$14.02 last year.
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$741, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 641% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$533 per share.
New Risk • Jan 13New 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$895, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 796% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$516 per share.
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: NT$6.89 (up from NT$4.40 in 3Q 2023). Revenue: NT$2.73b (up 27% from 3Q 2023). Net income: NT$651.3m (up 57% from 3Q 2023). Profit margin: 24% (up from 19% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 19% 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 29% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 14Price target increased by 12% to NT$788Up from NT$701, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$814. Stock is up 260% over the past year. The company is forecast to post earnings per share of NT$22.90 for next year compared to NT$14.02 last year.
Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$693, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 381% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$513 per share.
Buy Or Sell Opportunity • Aug 14Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 49% to NT$648. The fair value is estimated to be NT$516, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 20% in a year. Earnings are forecast to grow by 35% in the next year.
Reported Earnings • Aug 14Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$5.76 (up from NT$3.67 in 2Q 2023). Revenue: NT$2.39b (up 19% from 2Q 2023). Net income: NT$542.7m (up 57% from 2Q 2023). Profit margin: 23% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 15% 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 28% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Aug 14Price target increased by 10% to NT$610Up from NT$552, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$591. Stock is up 198% over the past year. The company is forecast to post earnings per share of NT$22.28 for next year compared to NT$14.02 last year.
공시 • Aug 06MPI Corporation to Report Q2, 2024 Results on Aug 13, 2024MPI Corporation announced that they will report Q2, 2024 results on Aug 13, 2024
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$620, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 362% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$293 per share.
Price Target Changed • Jul 08Price target increased by 13% to NT$577Up from NT$513, the current price target is an average from 4 analysts. New target price is 5.1% above last closing price of NT$549. Stock is up 216% over the past year. The company is forecast to post earnings per share of NT$18.54 for next year compared to NT$14.02 last year.
Declared Dividend • Jun 27Dividend increased to NT$7.50Dividend of NT$7.50 is 7.1% higher than last year. Ex-date: 11th July 2024 Payment date: 2nd August 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next year, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • May 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$509, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 428% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$282 per share.
Reported Earnings • May 18First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$4.18 (up from NT$3.01 in 1Q 2023). Revenue: NT$2.05b (up 15% from 1Q 2023). Net income: NT$397.6m (up 40% from 1Q 2023). Profit margin: 19% (up from 16% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 15% 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 26% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • May 11Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$9.23b to NT$9.58b. EPS estimate increased from NT$14.75 to NT$17.08 per share. Net income forecast to grow 22% next year vs 30% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$404 to NT$499. Share price rose 5.9% to NT$431 over the past week.
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$408, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 269% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$198 per share.
Reported Earnings • Apr 02Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$13.92 (up from NT$12.89 in FY 2022). Revenue: NT$8.15b (up 9.5% from FY 2022). Net income: NT$1.32b (up 8.8% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 14% 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 25% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Mar 12New 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 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Dividend is not well covered by cash flows (123% cash payout ratio).
공시 • Mar 08MPI Corporation, Annual General Meeting, Jun 13, 2024MPI Corporation, Annual General Meeting, Jun 13, 2024. Location: Conference Hall, Chang Yih Hi-Tech Industrial Park No. 11, Huanke 1st Rd, Zhubei Hsinchu County Taiwan Agenda: To consider 2023 Operating report; to consider audit Committee's report of the 2023 audited financial reports; to consider 2023 distributable compensation for employees and directors; to consider the 2023 Earnings Distribution of cash dividends; to consider 2023 Financial Statements; to consider 2023 Dividend payout; and to consider other matters.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$328, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 212% over the past three years.
Reported Earnings • Nov 14Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: NT$4.40 (up from NT$3.88 in 3Q 2022). Revenue: NT$2.15b (up 11% from 3Q 2022). Net income: NT$414.2m (up 13% from 3Q 2022). Profit margin: 19% (in line with 3Q 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.2%. Revenue is forecast to grow 7.7% 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 22% per year and the company’s share price has also increased by 22% per year.
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$215, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$241 per share.
Buying Opportunity • Oct 19Now 21% undervaluedOver the last 90 days, the stock is up 3.7%. The fair value is estimated to be NT$245, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 6.7% in a year. Earnings is forecast to grow by 5.8% in the next year.
Buying Opportunity • Aug 26Now 20% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be NT$239, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 6.7% in a year. Earnings is forecast to grow by 5.8% in the next year.
Reported Earnings • Aug 11Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$3.66 (up from NT$3.21 in 2Q 2022). Revenue: NT$2.02b (up 7.1% from 2Q 2022). Net income: NT$345.3m (up 14% from 2Q 2022). Profit margin: 17% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 7.2% 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 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change).
Buying Opportunity • Aug 10Now 24% undervaluedOver the last 90 days, the stock is up 37%. The fair value is estimated to be NT$247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 6.5% in a year. Earnings is forecast to grow by 1.1% in the next year.
Upcoming Dividend • Jul 06Upcoming dividend of NT$7.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%).
Reported Earnings • Jun 20First quarter 2023 earnings released: EPS: NT$2.98 (vs NT$3.26 in 1Q 2022)First quarter 2023 results: EPS: NT$2.98 (down from NT$3.26 in 1Q 2022). Revenue: NT$1.78b (up 3.7% from 1Q 2022). Net income: NT$280.4m (down 8.4% from 1Q 2022). Profit margin: 16% (down from 18% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jun 16MPI Corporation Announces Board ChangesMPI Corporation at the AGM held on June 15, 2023, elected MPI Investment Co. Representative-Brian GreenDirector and MPI Investment Co. Representative-Steve Chen as directors.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$143, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 211% over the past three years.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$127, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 96% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Da-Ying Liao was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: NT$3.21 (vs NT$1.70 in 2Q 2021)Second quarter 2022 results: EPS: NT$3.21 (up from NT$1.70 in 2Q 2021). Revenue: NT$1.88b (up 20% from 2Q 2021). Net income: NT$301.8m (up 92% from 2Q 2021). Profit margin: 16% (up from 10.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year.
Upcoming Dividend • Jul 07Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$77.50, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 31% over the past three years.
공시 • Jun 16MPI Corporation Announces Cash Dividend, Payable on August 5, 2022MPI Corporation announced cash dividend of TWD 376,313,520(TWD 4 Per share), With an Ex-dividend date of July 14, 2022, record date of July 20, 2022 and payment date for distribution August 5, 2022.
Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$3.25 (up from NT$1.50 in 1Q 2021). Revenue: NT$1.72b (up 21% from 1Q 2021). Net income: NT$306.2m (up 121% from 1Q 2021). Profit margin: 18% (up from 9.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Da-Ying Liao was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: NT$7.44 (down from NT$8.41 in FY 2020). Revenue: NT$6.51b (up 9.8% from FY 2020). Net income: NT$693.9m (down 2.9% from FY 2020). Profit margin: 11% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$1.88 (vs NT$2.50 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.64b (up 9.1% from 3Q 2020). Net income: NT$176.9m (down 20% from 3Q 2020). Profit margin: 11% (down from 15% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 32% per year.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$158, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 153% over the past three years.
Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS NT$1.69 (vs NT$2.78 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.58b (up 1.5% from 2Q 2020). Net income: NT$157.4m (down 29% from 2Q 2020). Profit margin: 10.0% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$169, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 161% over the past three years.
Upcoming Dividend • Jul 05Upcoming dividend of NT$4.47 per shareEligible shareholders must have bought the stock before 12 July 2021. Payment date: 06 August 2021. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.2%).
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$125, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 98% over the past three years.
Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$1.50 (vs NT$1.80 in 1Q 2020)The company reported a mediocre first quarter result with weaker earnings, although profit margins were flat and revenues improved. First quarter 2021 results: Revenue: NT$1.42b (up 4.7% from 1Q 2020). Net income: NT$138.5m (down 3.6% from 1Q 2020). Profit margin: 9.7% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$115, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$140, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 152% over the past three years.
Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$8.41 (vs NT$5.36 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.93b (up 7.4% from FY 2019). Net income: NT$714.5m (up 67% from FY 2019). Profit margin: 12% (up from 7.8% 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 58% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$108, the stock is trading at a trailing P/E ratio of 12.1x, down from the previous P/E ratio of 14.5x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 67%.
Is New 90 Day High Low • Jan 19New 90-day high: NT$128The company is up 32% from its price of NT$96.80 on 22 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 34% over the same period.
Reported Earnings • Nov 20Third quarter 2020 earnings released: EPS NT$2.50The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.51b (up 2.6% from 3Q 2019). Net income: NT$221.1m (up 55% from 3Q 2019). Profit margin: 15% (up from 9.7% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Nov 16New 90-day high: NT$125The company is up 2.0% from its price of NT$122 on 18 August 2020. The Taiwanese market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Semiconductor industry, which is up 5.0% over the same period.