View ValuationKing Yuan Electronics 향후 성장Future 기준 점검 6/6King Yuan Electronics (는) 각각 연간 31.8% 및 32% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 33.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 28.2% 로 예상됩니다.핵심 정보31.8%이익 성장률33.93%EPS 성장률Semiconductor 이익 성장25.9%매출 성장률32.0%향후 자기자본이익률28.18%애널리스트 커버리지Good마지막 업데이트21 May 2026최근 향후 성장 업데이트Price Target Changed • Mar 09Price target increased by 15% to NT$339Up from NT$294, the current price target is an average from 14 analysts. New target price is 25% above last closing price of NT$272. Stock is up 162% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.Price Target Changed • Feb 04Price target increased by 9.3% to NT$287Up from NT$263, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$297. Stock is up 193% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.Price Target Changed • Feb 02Price target increased by 9.3% to NT$287Up from NT$263, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$285. Stock is up 178% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.Price Target Changed • Jan 27Price target increased by 10% to NT$271Up from NT$246, the current price target is an average from 13 analysts. New target price is 9.7% below last closing price of NT$300. Stock is up 164% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.Price Target Changed • Nov 05Price target increased by 13% to NT$184Up from NT$163, the current price target is an average from 12 analysts. New target price is 17% below last closing price of NT$221. Stock is up 61% over the past year. The company is forecast to post earnings per share of NT$8.48 for next year compared to NT$3.64 last year.Price Target Changed • Oct 20Price target increased by 7.6% to NT$163Up from NT$152, the current price target is an average from 11 analysts. New target price is 8.8% below last closing price of NT$179. Stock is up 37% over the past year. The company is forecast to post earnings per share of NT$8.32 for next year compared to NT$3.64 last year.모든 업데이트 보기Recent updatesReported Earnings • May 12First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$1.87 (up from NT$1.01 in 1Q 2025). Revenue: NT$10.2b (up 39% from 1Q 2025). Net income: NT$2.29b (up 85% from 1Q 2025). Profit margin: 22% (up from 17% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 32% 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 20% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$333, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 720% over the past three years.Reported Earnings • Mar 10Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: NT$6.51 (up from NT$3.64 in FY 2024). Revenue: NT$34.9b (up 30% from FY 2024). Net income: NT$7.96b (up 79% from FY 2024). Profit margin: 23% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 28% p.a. on average during the next 3 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 7% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.공시 • Mar 09King Yuan Electronics Co., Ltd., Annual General Meeting, May 29, 2026King Yuan Electronics Co., Ltd., Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,6, yu yueh st., toufen city, miaoli county TaiwanPrice Target Changed • Mar 09Price target increased by 15% to NT$339Up from NT$294, the current price target is an average from 14 analysts. New target price is 25% above last closing price of NT$272. Stock is up 162% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.Price Target Changed • Feb 04Price target increased by 9.3% to NT$287Up from NT$263, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$297. Stock is up 193% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.Price Target Changed • Feb 02Price target increased by 9.3% to NT$287Up from NT$263, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$285. Stock is up 178% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$310, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 803% over the past three years.Price Target Changed • Jan 27Price target increased by 10% to NT$271Up from NT$246, the current price target is an average from 13 analysts. New target price is 9.7% below last closing price of NT$300. Stock is up 164% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$268, 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 724% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$121 per share.New Risk • Dec 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). High level of non-cash earnings (40% accrual ratio).Reported Earnings • Nov 12Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.88 (up from NT$1.10 in 3Q 2024). Revenue: NT$9.29b (up 32% from 3Q 2024). Net income: NT$2.30b (up 71% from 3Q 2024). Profit margin: 25% (up from 19% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Revenue is forecast to grow 29% 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 fallen by 5% per year but the company’s share price has increased by 80% per year, which means it is well ahead of earnings.Price Target Changed • Nov 05Price target increased by 13% to NT$184Up from NT$163, the current price target is an average from 12 analysts. New target price is 17% below last closing price of NT$221. Stock is up 61% over the past year. The company is forecast to post earnings per share of NT$8.48 for next year compared to NT$3.64 last year.Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$207, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 605% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$324 per share.Price Target Changed • Oct 20Price target increased by 7.6% to NT$163Up from NT$152, the current price target is an average from 11 analysts. New target price is 8.8% below last closing price of NT$179. Stock is up 37% over the past year. The company is forecast to post earnings per share of NT$8.32 for next year compared to NT$3.64 last year.Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$156, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 384% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$304 per share.Reported Earnings • Aug 13Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: NT$1.78 (up from NT$0.89 in 2Q 2024). Revenue: NT$8.36b (up 28% from 2Q 2024). Net income: NT$2.18b (up 100% from 2Q 2024). Profit margin: 26% (up from 17% in 2Q 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 21% 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 fallen by 9% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$140, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 316% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$190 per share.Price Target Changed • Aug 09Price target increased by 16% to NT$141Up from NT$121, the current price target is an average from 12 analysts. New target price is 5.2% above last closing price of NT$134. Stock is up 18% over the past year. The company is forecast to post earnings per share of NT$8.43 for next year compared to NT$3.64 last year.Buy Or Sell Opportunity • Jul 18Now 20% undervaluedOver the last 90 days, the stock has risen 32% to NT$110. The fair value is estimated to be NT$137, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 105% in the next 2 years.Declared Dividend • Jun 22Dividend increased to NT$4.00Dividend of NT$4.00 is 25% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 97% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Jun 21King Yuan Electronics Co., Ltd. Announces Cash Dividend, Payable on August 8, 2025King Yuan Electronics Co., Ltd. announced cash dividend of common stock is TWD 4,890,980,260. Ex-rights (ex-dividend) trading date is July 10, 2025. Ex-rights (ex-dividend) record date is July 16, 2025. Payment date of common stock cash dividend distribution is August 8, 2025.Buy Or Sell Opportunity • Jun 11Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at NT$99.70. The fair value is estimated to be NT$125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.Reported Earnings • May 14First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: NT$1.01 (up from NT$0.80 in 1Q 2024). Revenue: NT$7.32b (up 22% from 1Q 2024). Net income: NT$1.24b (up 27% from 1Q 2024). Profit margin: 17% (in line with 1Q 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 1.5%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.Price Target Changed • May 10Price target decreased by 7.7% to NT$124Down from NT$135, the current price target is an average from 12 analysts. New target price is 38% above last closing price of NT$89.80. Stock is up 4.4% over the past year. The company is forecast to post earnings per share of NT$8.26 for next year compared to NT$3.64 last year.공시 • May 01King Yuan Electronics Co., Ltd. to Report Q1, 2025 Results on May 09, 2025King Yuan Electronics Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$74.70, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 115% over the past three years.New Risk • Feb 28New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 108% Dividend yield: 3.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change).Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$6.36. Revenue: NT$26.9b (down 19% from FY 2023). Net income: NT$4.44b (down 24% from FY 2023). Profit margin: 17% (down from 18% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.Major Estimate Revision • Feb 25Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$7.84 to NT$8.84. Revenue forecast steady at NT$35.6b. Net income forecast to grow 55% next year vs 29% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$147 to NT$143. Share price fell 3.5% to NT$111 over the past week.공시 • Feb 24King Yuan Electronics Co., Ltd., Annual General Meeting, May 27, 2025King Yuan Electronics Co., Ltd., Annual General Meeting, May 27, 2025. Location: 2 floor no,6, yu yueh st., toufen city, miaoli county Taiwan공시 • Feb 14King Yuan Electronics Co., Ltd. to Report Q4, 2024 Results on Feb 21, 2025King Yuan Electronics Co., Ltd. announced that they will report Q4, 2024 results on Feb 21, 2025Reported Earnings • Nov 12Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.11 (down from NT$1.26 in 3Q 2023). Revenue: NT$7.04b (down 18% from 3Q 2023). Net income: NT$1.35b (down 12% from 3Q 2023). Profit margin: 19% (up from 18% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 13% p.a. on average during the next 3 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 2% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 09Price target increased by 7.9% to NT$140Up from NT$129, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of NT$140. Stock is up 70% over the past year. The company is forecast to post earnings per share of NT$8.09 for next year compared to NT$4.78 last year.공시 • Nov 09King Yuan Electronics Co., Ltd. Appoints Gauss Chang as Chief Sustainability OfficerKing Yuan Electronics Co., Ltd. appointed Gauss Chang, President of KYEC as Chief Sustainability Officer, Effective November 8, 2024.Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$126, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 286% over the past three years.Major Estimate Revision • Aug 19Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$33.0b to NT$29.1b. EPS estimate fell from NT$7.70 to NT$7.59 per share. Net income forecast to grow 48% next year vs 30% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$110 to NT$122. Share price rose 3.0% to NT$122 over the past week.Reported Earnings • Aug 14Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: NT$0.89 (down from NT$1.26 in 2Q 2023). Revenue: NT$6.54b (down 20% from 2Q 2023). Net income: NT$1.09b (down 30% from 2Q 2023). Profit margin: 17% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 10% 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 8% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Aug 10Price target increased by 8.2% to NT$119Up from NT$110, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$114. Stock is up 83% over the past year. The company is forecast to post earnings per share of NT$8.11 for next year compared to NT$4.78 last year.공시 • Aug 09King Yuan Electronics Co., Ltd. Announces Change of Chief Information Security Officer, Effective September 1, 2024King Yuan Electronics Co., Ltd. announced change of chief information security officer. Name, title, and resume of the previous position holder: Gauss Chang, President of KYEC. Name, title, and resume of the new position holder: Steven Chang, Senior Vice President of KYEC. Effective date: September 1, 2024.공시 • Aug 01King Yuan Electronics Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024King Yuan Electronics Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$131, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 258% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$225 per share.Buy Or Sell Opportunity • Jul 03Now 47% undervaluedOver the last 90 days, the stock has risen 9.9% to NT$117. The fair value is estimated to be NT$220, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.Declared Dividend • Jul 01Dividend of NT$3.20 announcedShareholders will receive a dividend of NT$3.20. Ex-date: 16th July 2024 Payment date: 14th August 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Jun 20Price target increased by 9.9% to NT$99.79Up from NT$90.78, the current price target is an average from 9 analysts. New target price is 11% below last closing price of NT$112. Stock is up 100% over the past year. The company is forecast to post earnings per share of NT$7.67 for next year compared to NT$4.78 last year.Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$104, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 199% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$86.13 per share.Buy Or Sell Opportunity • Jun 18Now 20% overvaluedOver the last 90 days, the stock has fallen 3.7% to NT$104. The fair value is estimated to be NT$86.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 9.1% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.공시 • Jun 01King Yuan Electronics Co., Ltd. Elects Gauss Chang as Natural-Person DirectorKing Yuan Electronics Co., Ltd. at its AGM held on May 31, 2024 elected Gauss Chang, President, King Yuan Electronics Co., Ltd. as Natural-person Director. Effective date of the new appointment is May 31, 2024. Reason for the change: The Company’s 15th-term Board of Directors is composed of nine directors (including three independent directors). Because there is one director vacancy, a director by-election at 2024 Annual General Shareholders' Meeting. Original term is from May 30, 2023 to May 29, 2026.Reported Earnings • May 08First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$1.12 (up from NT$0.97 in 1Q 2023). Revenue: NT$8.21b (up 5.8% from 1Q 2023). Net income: NT$1.37b (up 15% from 1Q 2023). Profit margin: 17% (up from 15% 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 2.2%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • May 06Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$37.7b to NT$35.1b. EPS estimate rose from NT$5.94 to NT$6.74. Net income forecast to grow 44% next year vs 35% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$103 to NT$98.30. Share price fell 5.5% to NT$93.50 over the past week.Major Estimate Revision • May 04Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$37.7b to NT$36.1b. EPS estimate rose from NT$5.94 to NT$6.60. Net income forecast to grow 33% next year vs 35% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$103 to NT$100. Share price fell 2.1% to NT$93.50 over the past week.공시 • Apr 28King Yuan Electronics Co., Ltd. to Report Q1, 2024 Results on May 03, 2024King Yuan Electronics Co., Ltd. announced that they will report Q1, 2024 results on May 03, 2024Price Target Changed • Mar 22Price target increased by 9.9% to NT$104Up from NT$94.50, the current price target is an average from 10 analysts. New target price is 5.5% below last closing price of NT$110. Stock is up 124% over the past year. The company is forecast to post earnings per share of NT$6.00 for next year compared to NT$4.78 last year.Price Target Changed • Mar 19Price target increased by 8.8% to NT$96.80Up from NT$88.95, the current price target is an average from 10 analysts. New target price is 11% below last closing price of NT$109. Stock is up 120% over the past year. The company is forecast to post earnings per share of NT$5.78 for next year compared to NT$4.78 last year.Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$105, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 218% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$113 per share.Reported Earnings • Feb 29Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$4.78 (down from NT$5.59 in FY 2022). Revenue: NT$33.0b (down 10% from FY 2022). Net income: NT$5.84b (down 15% from FY 2022). Profit margin: 18% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 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 17% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 24King Yuan Electronics Co., Ltd., Annual General Meeting, May 31, 2024King Yuan Electronics Co., Ltd., Annual General Meeting, May 31, 2024. Location: Grand Royal Hotel, R205 Conference Room 2F., No.6, Yule St., Toufen City Miaoli County Taiwan Agenda: To consider the Company's 2023 Business Overview; to consider the audit Committee's report of the 2023 Audited Financial Reports; to consider the Company's 2023 Distribution of Employee and Director Remuneration; to consider the amendments to the Company's Rules of Procedure for Board of Directors Meetings; to consider the Company's 2023 Business Report and Financial Statement; to consider the Company's 2023 Distribution of Earnings; to approve the lifting of non competition restrictions for directors; to consider the motion of amendment to the Company's Articles of Incorporation; and to consider other matters.Price Target Changed • Nov 04Price target increased by 14% to NT$78.45Up from NT$68.76, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$80.70. Stock is up 143% over the past year. The company is forecast to post earnings per share of NT$4.66 for next year compared to NT$5.59 last year.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$76.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 192% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$78.25 per share.New Risk • Aug 22New 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. This is currently the only risk that has been identified for the company.Buying Opportunity • Aug 18Now 21% undervaluedOver the last 90 days, the stock is up 32%. The fair value is estimated to be NT$78.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 37% in the next 2 years.공시 • Aug 10King Yuan Electronics Co., Ltd. Announces Change of President, Appointment Effective on September 1, 2023King Yuan Electronics Co., Ltd. announced change of company's president. Name of the previous position holder: An-Hsuan Liu. Resume of the previous position holder: President of KYEC. Name of the new position holder: Gauss Chang. Resume of the new position holder: Executive Vice President of KYEC. Effective date of the new appointment: September 1, 2023.Reported Earnings • Aug 10Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$1.26 (down from NT$1.65 in 2Q 2022). Revenue: NT$8.17b (down 18% from 2Q 2022). Net income: NT$1.54b (down 23% from 2Q 2022). Profit margin: 19% (down from 20% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 11% p.a. on average during the next 3 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 22% per year whereas the company’s share price has increased by 20% per year.공시 • Aug 09+ 1 more updateKing Yuan Electronics Co., Ltd. Announces Change of Chief Information Security Officer, Effective September 1, 2023King Yuan Electronics Co., Ltd. announced change of Chief Information Security Officer. Name, title, and resume of the previous position holder: An-Hsuan Liu, President of KYEC. Name, title, and resume of the new position holder: Gauss Chang, Executive Vice President of KYEC. Effective date: September 1, 2023.Price Target Changed • Aug 05Price target increased by 10% to NT$60.89Up from NT$55.14, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$60.40. Stock is up 51% over the past year. The company is forecast to post earnings per share of NT$4.42 for next year compared to NT$5.59 last year.Upcoming Dividend • Jul 06Upcoming dividend of NT$3.50 per share at 5.8% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%).Buying Opportunity • Jun 01Now 21% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be NT$66.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 11% in the next 2 years.공시 • May 31+ 3 more updatesKing Yuan Electronics Co., Ltd. Announces Audit Committee ChangesKing Yuan Electronics Co., Ltd. has appointed Shi-Jer Sheen as a member of the Audit Committee in the place of Hui-Chun Hsu (Member of Audit Committee and Compensation Committee), effective from May 30, 2023.Valuation Update With 7 Day Price Move • May 30Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$53.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$66.19 per share.Reported Earnings • Mar 15Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: NT$5.59 (up from NT$4.23 in FY 2021). Revenue: NT$36.8b (up 9.0% from FY 2021). Net income: NT$6.84b (up 32% from FY 2021). Profit margin: 19% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.3% 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 only increased by 16% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$48.90, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$44.55 per share.Price Target Changed • Mar 03Price target increased by 11% to NT$43.86Up from NT$39.64, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$45.20. Stock is up 3.0% over the past year. The company is forecast to post earnings per share of NT$5.44 for next year compared to NT$4.23 last year.Price Target Changed • Nov 16Price target decreased to NT$39.64Down from NT$43.67, the current price target is an average from 7 analysts. New target price is 10% above last closing price of NT$35.90. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$5.39 for next year compared to NT$4.23 last year.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 Hsiu-Ming Wang 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 • Nov 11Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$1.22 (down from NT$1.25 in 3Q 2021). Revenue: NT$9.02b (flat on 3Q 2021). Net income: NT$1.50b (down 1.6% from 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 9.7% 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 fallen by 3% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 08Price target decreased to NT$40.50Down from NT$43.67, the current price target is an average from 7 analysts. New target price is 21% above last closing price of NT$33.50. Stock is down 20% over the past year. The company is forecast to post earnings per share of NT$5.38 for next year compared to NT$4.23 last year.공시 • Oct 07King Yuan Electronics Co., Ltd. Announces Executive ChangesKing Yuan Electronics Co., Ltd. announced the change of Chief Information Security Officer. Name, title, and resume of the previous position holder: K.K Lee, Senior Vice President of Administrative Center of the Company. Name, title, and resume of the new position holder: An-Hsuan Liu, President of the Company. Reason for the change: position adjustment. Effective date: October 6, 2022.Reported Earnings • Aug 13Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$1.65 (up from NT$0.71 in 2Q 2021). Revenue: NT$9.93b (up 31% from 2Q 2021). Net income: NT$2.01b (up 133% from 2Q 2021). Profit margin: 20% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Over the next year, revenue is forecast to stay flat compared to a 20% growth forecast for the 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 only increased by 3% per year, which means it is significantly lagging earnings growth.이익 및 매출 성장 예측TWSE:2449 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202896,52720,379N/AN/A612/31/202769,77717,569-3,76629,7781512/31/202649,19811,979-28,82722,61023/31/202637,8109,012-18,34915,910N/A12/31/202534,9347,963-19,21113,152N/A9/30/202532,2656,750-15,22713,043N/A6/30/202530,0135,798-12,75012,954N/A3/31/202528,1944,707-2,22515,291N/A12/31/202426,8564,4453,61418,475N/A9/30/202425,9054,5885,47916,116N/A6/30/202425,1024,2537,08815,911N/A3/31/202424,4274,2176,60914,610N/A12/31/202323,9924,1096,53114,260N/A9/30/202326,4964,4357,05315,218N/A6/30/202329,2804,9177,76916,241N/A3/31/202333,3405,8829,62818,246N/A12/31/202236,7826,8378,63019,030N/A9/30/202237,4676,9758,24619,406N/A6/30/202237,4437,0005,11416,674N/A3/31/202235,1125,8502,01415,195N/A12/31/202133,7595,175-27713,723N/A9/30/202131,1624,227-1,77512,701N/A6/30/202129,5283,667-1,14213,184N/A3/31/202129,5893,889-41812,720N/A12/31/202028,9593,6371,40312,403N/A9/30/202029,1693,9551,69411,958N/A6/30/202028,8484,03888012,716N/A3/31/202027,2803,557-32511,584N/A12/31/201925,5393,042N/A10,833N/A9/30/201924,0662,452N/A10,019N/A6/30/201922,5452,059N/A8,570N/A3/31/201921,4951,827N/A8,974N/A12/31/201820,8151,795N/A8,428N/A9/30/201819,9441,802N/A8,118N/A6/30/201819,5961,805N/A8,080N/A3/31/201819,3992,021N/A7,973N/A12/31/201719,6872,234N/A9,075N/A9/30/201720,1192,459N/A9,094N/A6/30/201720,3772,680N/A9,270N/A3/31/201720,5922,939N/A9,162N/A12/31/201620,0822,981N/A8,351N/A9/30/201619,1402,789N/A8,260N/A6/30/201618,1252,452N/A8,063N/A3/31/201617,4132,285N/A7,946N/A12/31/201517,1292,282N/A8,285N/A9/30/201517,0642,346N/A8,285N/A6/30/201517,0412,625N/A7,812N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2449 의 연간 예상 수익 증가율(31.8%)이 saving rate(1.3%)보다 높습니다.수익 vs 시장: 2449 의 연간 수익(31.8%)이 TW 시장(26.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 2449 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 2449 의 수익(연간 32%)이 TW 시장(연간 18.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 2449 의 수익(연간 32%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2449의 자본 수익률은 3년 후 28.2%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 14:20종가2026/05/22 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 소스King Yuan Electronics Co., Ltd.는 22명의 분석가가 다루고 있습니다. 이 중 15명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관S. H. LinAletheia Analyst Network LimitedYing Zhang LeuBarclaysHaas LiuBofA Global Research19명의 분석가 더 보기
Price Target Changed • Mar 09Price target increased by 15% to NT$339Up from NT$294, the current price target is an average from 14 analysts. New target price is 25% above last closing price of NT$272. Stock is up 162% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.
Price Target Changed • Feb 04Price target increased by 9.3% to NT$287Up from NT$263, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$297. Stock is up 193% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.
Price Target Changed • Feb 02Price target increased by 9.3% to NT$287Up from NT$263, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$285. Stock is up 178% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.
Price Target Changed • Jan 27Price target increased by 10% to NT$271Up from NT$246, the current price target is an average from 13 analysts. New target price is 9.7% below last closing price of NT$300. Stock is up 164% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.
Price Target Changed • Nov 05Price target increased by 13% to NT$184Up from NT$163, the current price target is an average from 12 analysts. New target price is 17% below last closing price of NT$221. Stock is up 61% over the past year. The company is forecast to post earnings per share of NT$8.48 for next year compared to NT$3.64 last year.
Price Target Changed • Oct 20Price target increased by 7.6% to NT$163Up from NT$152, the current price target is an average from 11 analysts. New target price is 8.8% below last closing price of NT$179. Stock is up 37% over the past year. The company is forecast to post earnings per share of NT$8.32 for next year compared to NT$3.64 last year.
Reported Earnings • May 12First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$1.87 (up from NT$1.01 in 1Q 2025). Revenue: NT$10.2b (up 39% from 1Q 2025). Net income: NT$2.29b (up 85% from 1Q 2025). Profit margin: 22% (up from 17% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 32% 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 20% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$333, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 720% over the past three years.
Reported Earnings • Mar 10Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: NT$6.51 (up from NT$3.64 in FY 2024). Revenue: NT$34.9b (up 30% from FY 2024). Net income: NT$7.96b (up 79% from FY 2024). Profit margin: 23% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 28% p.a. on average during the next 3 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 7% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Mar 09King Yuan Electronics Co., Ltd., Annual General Meeting, May 29, 2026King Yuan Electronics Co., Ltd., Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,6, yu yueh st., toufen city, miaoli county Taiwan
Price Target Changed • Mar 09Price target increased by 15% to NT$339Up from NT$294, the current price target is an average from 14 analysts. New target price is 25% above last closing price of NT$272. Stock is up 162% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.
Price Target Changed • Feb 04Price target increased by 9.3% to NT$287Up from NT$263, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$297. Stock is up 193% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.
Price Target Changed • Feb 02Price target increased by 9.3% to NT$287Up from NT$263, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$285. Stock is up 178% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$310, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 803% over the past three years.
Price Target Changed • Jan 27Price target increased by 10% to NT$271Up from NT$246, the current price target is an average from 13 analysts. New target price is 9.7% below last closing price of NT$300. Stock is up 164% over the past year. The company is forecast to post earnings per share of NT$9.06 for next year compared to NT$3.64 last year.
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$268, 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 724% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$121 per share.
New Risk • Dec 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). High level of non-cash earnings (40% accrual ratio).
Reported Earnings • Nov 12Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.88 (up from NT$1.10 in 3Q 2024). Revenue: NT$9.29b (up 32% from 3Q 2024). Net income: NT$2.30b (up 71% from 3Q 2024). Profit margin: 25% (up from 19% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Revenue is forecast to grow 29% 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 fallen by 5% per year but the company’s share price has increased by 80% per year, which means it is well ahead of earnings.
Price Target Changed • Nov 05Price target increased by 13% to NT$184Up from NT$163, the current price target is an average from 12 analysts. New target price is 17% below last closing price of NT$221. Stock is up 61% over the past year. The company is forecast to post earnings per share of NT$8.48 for next year compared to NT$3.64 last year.
Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$207, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 605% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$324 per share.
Price Target Changed • Oct 20Price target increased by 7.6% to NT$163Up from NT$152, the current price target is an average from 11 analysts. New target price is 8.8% below last closing price of NT$179. Stock is up 37% over the past year. The company is forecast to post earnings per share of NT$8.32 for next year compared to NT$3.64 last year.
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$156, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 384% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$304 per share.
Reported Earnings • Aug 13Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: NT$1.78 (up from NT$0.89 in 2Q 2024). Revenue: NT$8.36b (up 28% from 2Q 2024). Net income: NT$2.18b (up 100% from 2Q 2024). Profit margin: 26% (up from 17% in 2Q 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 21% 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 fallen by 9% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$140, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 316% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$190 per share.
Price Target Changed • Aug 09Price target increased by 16% to NT$141Up from NT$121, the current price target is an average from 12 analysts. New target price is 5.2% above last closing price of NT$134. Stock is up 18% over the past year. The company is forecast to post earnings per share of NT$8.43 for next year compared to NT$3.64 last year.
Buy Or Sell Opportunity • Jul 18Now 20% undervaluedOver the last 90 days, the stock has risen 32% to NT$110. The fair value is estimated to be NT$137, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 105% in the next 2 years.
Declared Dividend • Jun 22Dividend increased to NT$4.00Dividend of NT$4.00 is 25% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 97% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Jun 21King Yuan Electronics Co., Ltd. Announces Cash Dividend, Payable on August 8, 2025King Yuan Electronics Co., Ltd. announced cash dividend of common stock is TWD 4,890,980,260. Ex-rights (ex-dividend) trading date is July 10, 2025. Ex-rights (ex-dividend) record date is July 16, 2025. Payment date of common stock cash dividend distribution is August 8, 2025.
Buy Or Sell Opportunity • Jun 11Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at NT$99.70. The fair value is estimated to be NT$125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.
Reported Earnings • May 14First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: NT$1.01 (up from NT$0.80 in 1Q 2024). Revenue: NT$7.32b (up 22% from 1Q 2024). Net income: NT$1.24b (up 27% from 1Q 2024). Profit margin: 17% (in line with 1Q 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 1.5%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.
Price Target Changed • May 10Price target decreased by 7.7% to NT$124Down from NT$135, the current price target is an average from 12 analysts. New target price is 38% above last closing price of NT$89.80. Stock is up 4.4% over the past year. The company is forecast to post earnings per share of NT$8.26 for next year compared to NT$3.64 last year.
공시 • May 01King Yuan Electronics Co., Ltd. to Report Q1, 2025 Results on May 09, 2025King Yuan Electronics Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$74.70, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 115% over the past three years.
New Risk • Feb 28New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 108% Dividend yield: 3.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change).
Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$6.36. Revenue: NT$26.9b (down 19% from FY 2023). Net income: NT$4.44b (down 24% from FY 2023). Profit margin: 17% (down from 18% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.
Major Estimate Revision • Feb 25Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$7.84 to NT$8.84. Revenue forecast steady at NT$35.6b. Net income forecast to grow 55% next year vs 29% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$147 to NT$143. Share price fell 3.5% to NT$111 over the past week.
공시 • Feb 24King Yuan Electronics Co., Ltd., Annual General Meeting, May 27, 2025King Yuan Electronics Co., Ltd., Annual General Meeting, May 27, 2025. Location: 2 floor no,6, yu yueh st., toufen city, miaoli county Taiwan
공시 • Feb 14King Yuan Electronics Co., Ltd. to Report Q4, 2024 Results on Feb 21, 2025King Yuan Electronics Co., Ltd. announced that they will report Q4, 2024 results on Feb 21, 2025
Reported Earnings • Nov 12Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.11 (down from NT$1.26 in 3Q 2023). Revenue: NT$7.04b (down 18% from 3Q 2023). Net income: NT$1.35b (down 12% from 3Q 2023). Profit margin: 19% (up from 18% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 13% p.a. on average during the next 3 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 2% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 09Price target increased by 7.9% to NT$140Up from NT$129, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of NT$140. Stock is up 70% over the past year. The company is forecast to post earnings per share of NT$8.09 for next year compared to NT$4.78 last year.
공시 • Nov 09King Yuan Electronics Co., Ltd. Appoints Gauss Chang as Chief Sustainability OfficerKing Yuan Electronics Co., Ltd. appointed Gauss Chang, President of KYEC as Chief Sustainability Officer, Effective November 8, 2024.
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$126, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 286% over the past three years.
Major Estimate Revision • Aug 19Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$33.0b to NT$29.1b. EPS estimate fell from NT$7.70 to NT$7.59 per share. Net income forecast to grow 48% next year vs 30% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$110 to NT$122. Share price rose 3.0% to NT$122 over the past week.
Reported Earnings • Aug 14Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: NT$0.89 (down from NT$1.26 in 2Q 2023). Revenue: NT$6.54b (down 20% from 2Q 2023). Net income: NT$1.09b (down 30% from 2Q 2023). Profit margin: 17% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 10% 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 8% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Aug 10Price target increased by 8.2% to NT$119Up from NT$110, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$114. Stock is up 83% over the past year. The company is forecast to post earnings per share of NT$8.11 for next year compared to NT$4.78 last year.
공시 • Aug 09King Yuan Electronics Co., Ltd. Announces Change of Chief Information Security Officer, Effective September 1, 2024King Yuan Electronics Co., Ltd. announced change of chief information security officer. Name, title, and resume of the previous position holder: Gauss Chang, President of KYEC. Name, title, and resume of the new position holder: Steven Chang, Senior Vice President of KYEC. Effective date: September 1, 2024.
공시 • Aug 01King Yuan Electronics Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024King Yuan Electronics Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$131, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 258% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$225 per share.
Buy Or Sell Opportunity • Jul 03Now 47% undervaluedOver the last 90 days, the stock has risen 9.9% to NT$117. The fair value is estimated to be NT$220, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.
Declared Dividend • Jul 01Dividend of NT$3.20 announcedShareholders will receive a dividend of NT$3.20. Ex-date: 16th July 2024 Payment date: 14th August 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Jun 20Price target increased by 9.9% to NT$99.79Up from NT$90.78, the current price target is an average from 9 analysts. New target price is 11% below last closing price of NT$112. Stock is up 100% over the past year. The company is forecast to post earnings per share of NT$7.67 for next year compared to NT$4.78 last year.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$104, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 199% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$86.13 per share.
Buy Or Sell Opportunity • Jun 18Now 20% overvaluedOver the last 90 days, the stock has fallen 3.7% to NT$104. The fair value is estimated to be NT$86.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 9.1% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.
공시 • Jun 01King Yuan Electronics Co., Ltd. Elects Gauss Chang as Natural-Person DirectorKing Yuan Electronics Co., Ltd. at its AGM held on May 31, 2024 elected Gauss Chang, President, King Yuan Electronics Co., Ltd. as Natural-person Director. Effective date of the new appointment is May 31, 2024. Reason for the change: The Company’s 15th-term Board of Directors is composed of nine directors (including three independent directors). Because there is one director vacancy, a director by-election at 2024 Annual General Shareholders' Meeting. Original term is from May 30, 2023 to May 29, 2026.
Reported Earnings • May 08First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$1.12 (up from NT$0.97 in 1Q 2023). Revenue: NT$8.21b (up 5.8% from 1Q 2023). Net income: NT$1.37b (up 15% from 1Q 2023). Profit margin: 17% (up from 15% 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 2.2%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • May 06Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$37.7b to NT$35.1b. EPS estimate rose from NT$5.94 to NT$6.74. Net income forecast to grow 44% next year vs 35% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$103 to NT$98.30. Share price fell 5.5% to NT$93.50 over the past week.
Major Estimate Revision • May 04Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$37.7b to NT$36.1b. EPS estimate rose from NT$5.94 to NT$6.60. Net income forecast to grow 33% next year vs 35% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$103 to NT$100. Share price fell 2.1% to NT$93.50 over the past week.
공시 • Apr 28King Yuan Electronics Co., Ltd. to Report Q1, 2024 Results on May 03, 2024King Yuan Electronics Co., Ltd. announced that they will report Q1, 2024 results on May 03, 2024
Price Target Changed • Mar 22Price target increased by 9.9% to NT$104Up from NT$94.50, the current price target is an average from 10 analysts. New target price is 5.5% below last closing price of NT$110. Stock is up 124% over the past year. The company is forecast to post earnings per share of NT$6.00 for next year compared to NT$4.78 last year.
Price Target Changed • Mar 19Price target increased by 8.8% to NT$96.80Up from NT$88.95, the current price target is an average from 10 analysts. New target price is 11% below last closing price of NT$109. Stock is up 120% over the past year. The company is forecast to post earnings per share of NT$5.78 for next year compared to NT$4.78 last year.
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$105, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 218% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$113 per share.
Reported Earnings • Feb 29Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$4.78 (down from NT$5.59 in FY 2022). Revenue: NT$33.0b (down 10% from FY 2022). Net income: NT$5.84b (down 15% from FY 2022). Profit margin: 18% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 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 17% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 24King Yuan Electronics Co., Ltd., Annual General Meeting, May 31, 2024King Yuan Electronics Co., Ltd., Annual General Meeting, May 31, 2024. Location: Grand Royal Hotel, R205 Conference Room 2F., No.6, Yule St., Toufen City Miaoli County Taiwan Agenda: To consider the Company's 2023 Business Overview; to consider the audit Committee's report of the 2023 Audited Financial Reports; to consider the Company's 2023 Distribution of Employee and Director Remuneration; to consider the amendments to the Company's Rules of Procedure for Board of Directors Meetings; to consider the Company's 2023 Business Report and Financial Statement; to consider the Company's 2023 Distribution of Earnings; to approve the lifting of non competition restrictions for directors; to consider the motion of amendment to the Company's Articles of Incorporation; and to consider other matters.
Price Target Changed • Nov 04Price target increased by 14% to NT$78.45Up from NT$68.76, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$80.70. Stock is up 143% over the past year. The company is forecast to post earnings per share of NT$4.66 for next year compared to NT$5.59 last year.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$76.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 192% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$78.25 per share.
New Risk • Aug 22New 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. This is currently the only risk that has been identified for the company.
Buying Opportunity • Aug 18Now 21% undervaluedOver the last 90 days, the stock is up 32%. The fair value is estimated to be NT$78.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 37% in the next 2 years.
공시 • Aug 10King Yuan Electronics Co., Ltd. Announces Change of President, Appointment Effective on September 1, 2023King Yuan Electronics Co., Ltd. announced change of company's president. Name of the previous position holder: An-Hsuan Liu. Resume of the previous position holder: President of KYEC. Name of the new position holder: Gauss Chang. Resume of the new position holder: Executive Vice President of KYEC. Effective date of the new appointment: September 1, 2023.
Reported Earnings • Aug 10Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$1.26 (down from NT$1.65 in 2Q 2022). Revenue: NT$8.17b (down 18% from 2Q 2022). Net income: NT$1.54b (down 23% from 2Q 2022). Profit margin: 19% (down from 20% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 11% p.a. on average during the next 3 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 22% per year whereas the company’s share price has increased by 20% per year.
공시 • Aug 09+ 1 more updateKing Yuan Electronics Co., Ltd. Announces Change of Chief Information Security Officer, Effective September 1, 2023King Yuan Electronics Co., Ltd. announced change of Chief Information Security Officer. Name, title, and resume of the previous position holder: An-Hsuan Liu, President of KYEC. Name, title, and resume of the new position holder: Gauss Chang, Executive Vice President of KYEC. Effective date: September 1, 2023.
Price Target Changed • Aug 05Price target increased by 10% to NT$60.89Up from NT$55.14, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$60.40. Stock is up 51% over the past year. The company is forecast to post earnings per share of NT$4.42 for next year compared to NT$5.59 last year.
Upcoming Dividend • Jul 06Upcoming dividend of NT$3.50 per share at 5.8% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%).
Buying Opportunity • Jun 01Now 21% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be NT$66.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 11% in the next 2 years.
공시 • May 31+ 3 more updatesKing Yuan Electronics Co., Ltd. Announces Audit Committee ChangesKing Yuan Electronics Co., Ltd. has appointed Shi-Jer Sheen as a member of the Audit Committee in the place of Hui-Chun Hsu (Member of Audit Committee and Compensation Committee), effective from May 30, 2023.
Valuation Update With 7 Day Price Move • May 30Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$53.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$66.19 per share.
Reported Earnings • Mar 15Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: NT$5.59 (up from NT$4.23 in FY 2021). Revenue: NT$36.8b (up 9.0% from FY 2021). Net income: NT$6.84b (up 32% from FY 2021). Profit margin: 19% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.3% 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 only increased by 16% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$48.90, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$44.55 per share.
Price Target Changed • Mar 03Price target increased by 11% to NT$43.86Up from NT$39.64, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$45.20. Stock is up 3.0% over the past year. The company is forecast to post earnings per share of NT$5.44 for next year compared to NT$4.23 last year.
Price Target Changed • Nov 16Price target decreased to NT$39.64Down from NT$43.67, the current price target is an average from 7 analysts. New target price is 10% above last closing price of NT$35.90. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$5.39 for next year compared to NT$4.23 last year.
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 Hsiu-Ming Wang 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 • Nov 11Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$1.22 (down from NT$1.25 in 3Q 2021). Revenue: NT$9.02b (flat on 3Q 2021). Net income: NT$1.50b (down 1.6% from 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 9.7% 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 fallen by 3% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 08Price target decreased to NT$40.50Down from NT$43.67, the current price target is an average from 7 analysts. New target price is 21% above last closing price of NT$33.50. Stock is down 20% over the past year. The company is forecast to post earnings per share of NT$5.38 for next year compared to NT$4.23 last year.
공시 • Oct 07King Yuan Electronics Co., Ltd. Announces Executive ChangesKing Yuan Electronics Co., Ltd. announced the change of Chief Information Security Officer. Name, title, and resume of the previous position holder: K.K Lee, Senior Vice President of Administrative Center of the Company. Name, title, and resume of the new position holder: An-Hsuan Liu, President of the Company. Reason for the change: position adjustment. Effective date: October 6, 2022.
Reported Earnings • Aug 13Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$1.65 (up from NT$0.71 in 2Q 2021). Revenue: NT$9.93b (up 31% from 2Q 2021). Net income: NT$2.01b (up 133% from 2Q 2021). Profit margin: 20% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Over the next year, revenue is forecast to stay flat compared to a 20% growth forecast for the 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 only increased by 3% per year, which means it is significantly lagging earnings growth.