View ValuationKinsus Interconnect Technology 향후 성장Future 기준 점검 6/6Kinsus Interconnect Technology (는) 각각 연간 62.5% 및 28.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 62.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 21.7% 로 예상됩니다.핵심 정보62.5%이익 성장률62.40%EPS 성장률Semiconductor 이익 성장26.3%매출 성장률28.3%향후 자기자본이익률21.65%애널리스트 커버리지Good마지막 업데이트02 Jun 2026최근 향후 성장 업데이트Major Estimate Revision • Apr 27Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$8.46 to NT$9.58. Revenue forecast steady at NT$51.3b. Net income forecast to grow 199% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$334 to NT$445. Share price rose 20% to NT$515 over the past week.Price Target Changed • Apr 22Price target increased by 8.6% to NT$363Up from NT$334, the current price target is an average from 11 analysts. New target price is 26% below last closing price of NT$492. Stock is up 585% over the past year. The company is forecast to post earnings per share of NT$8.91 for next year compared to NT$3.51 last year.Price Target Changed • Apr 07Price target increased by 8.3% to NT$321Up from NT$297, the current price target is an average from 10 analysts. New target price is 10% below last closing price of NT$358. Stock is up 427% over the past year. The company is forecast to post earnings per share of NT$8.09 for next year compared to NT$3.51 last year.Price Target Changed • Mar 03Price target increased by 9.4% to NT$250Up from NT$229, the current price target is an average from 10 analysts. New target price is 20% below last closing price of NT$311. Stock is up 219% over the past year. The company is forecast to post earnings per share of NT$8.95 for next year compared to NT$3.51 last year.Major Estimate Revision • Feb 26Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$7.66 to NT$9.12. Revenue forecast steady at NT$48.9b. Net income forecast to grow 160% next year vs 42% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$232. Share price rose 19% to NT$315 over the past week.Price Target Changed • Feb 02Price target increased by 14% to NT$172Up from NT$150, the current price target is an average from 11 analysts. New target price is 28% below last closing price of NT$239. Stock is up 147% over the past year. The company is forecast to post earnings per share of NT$3.35 for next year compared to NT$0.11 last year.모든 업데이트 보기Recent updatesNew Risk • May 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding).Reported Earnings • May 09First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$1.00 (up from NT$0.61 in 1Q 2025). Revenue: NT$11.1b (up 29% from 1Q 2025). Net income: NT$549.2m (up 99% from 1Q 2025). Profit margin: 4.9% (up from 3.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 28% 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 fallen by 54% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings.Major Estimate Revision • Apr 27Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$8.46 to NT$9.58. Revenue forecast steady at NT$51.3b. Net income forecast to grow 199% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$334 to NT$445. Share price rose 20% to NT$515 over the past week.Price Target Changed • Apr 22Price target increased by 8.6% to NT$363Up from NT$334, the current price target is an average from 11 analysts. New target price is 26% below last closing price of NT$492. Stock is up 585% over the past year. The company is forecast to post earnings per share of NT$8.91 for next year compared to NT$3.51 last year.Price Target Changed • Apr 07Price target increased by 8.3% to NT$321Up from NT$297, the current price target is an average from 10 analysts. New target price is 10% below last closing price of NT$358. Stock is up 427% over the past year. The company is forecast to post earnings per share of NT$8.09 for next year compared to NT$3.51 last year.Buy Or Sell Opportunity • Mar 23Now 22% undervaluedOver the last 90 days, the stock has risen 143% to NT$346. The fair value is estimated to be NT$442, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 94%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 307% in the next 2 years.Price Target Changed • Mar 03Price target increased by 9.4% to NT$250Up from NT$229, the current price target is an average from 10 analysts. New target price is 20% below last closing price of NT$311. Stock is up 219% over the past year. The company is forecast to post earnings per share of NT$8.95 for next year compared to NT$3.51 last year.Major Estimate Revision • Feb 26Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$7.66 to NT$9.12. Revenue forecast steady at NT$48.9b. Net income forecast to grow 160% next year vs 42% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$232. Share price rose 19% to NT$315 over the past week.Reported Earnings • Feb 13Full year 2025 earnings released: EPS: NT$3.51 (vs NT$0.11 in FY 2024)Full year 2025 results: EPS: NT$3.51 (up from NT$0.11 in FY 2024). Revenue: NT$39.4b (up 29% from FY 2024). Net income: NT$1.60b (up NT$1.55b from FY 2024). Profit margin: 4.1% (up from 0.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance.공시 • Feb 02Kinsus Interconnect Technology Corp., Annual General Meeting, May 27, 2026Kinsus Interconnect Technology Corp., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,1245, chung hua rd., sinwu district, taoyuan city TaiwanPrice Target Changed • Feb 02Price target increased by 14% to NT$172Up from NT$150, the current price target is an average from 11 analysts. New target price is 28% below last closing price of NT$239. Stock is up 147% over the past year. The company is forecast to post earnings per share of NT$3.35 for next year compared to NT$0.11 last year.Buy Or Sell Opportunity • Jan 30Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 85% to NT$252. The fair value is estimated to be NT$203, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 112%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 415% in the next 2 years.Price Target Changed • Jan 27Price target increased by 8.0% to NT$154Up from NT$143, the current price target is an average from 11 analysts. New target price is 32% below last closing price of NT$229. Stock is up 133% over the past year. The company is forecast to post earnings per share of NT$3.37 for next year compared to NT$0.11 last year.공시 • Jan 21Kinsus Interconnect Technology Corp. has filed a Follow-on Equity Offering in the amount of TWD 10.15 billion.Kinsus Interconnect Technology Corp. has filed a Follow-on Equity Offering in the amount of TWD 10.15 billion. Security Name: Shares Security Type: Common Stock Securities Offered: 70,000,000 Price\Range: TWD 145 Transaction Features: Reserved Share Offering; Rights OfferingBuy Or Sell Opportunity • Dec 08Now 20% undervaluedOver the last 90 days, the stock has risen 50% to NT$156. The fair value is estimated to be NT$195, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 112%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 411% in the next 2 years.Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: NT$1.50 (vs NT$0.41 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.50 (up from NT$0.41 in 3Q 2024). Revenue: NT$10.4b (up 26% from 3Q 2024). Net income: NT$339.3m (up 83% from 3Q 2024). Profit margin: 3.3% (up from 2.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% 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, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Oct 29Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$3.81 to NT$3.23 per share. Revenue forecast steady at NT$39.5b. Net income forecast to grow 277% next year vs 27% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$113 to NT$128. Share price fell 4.8% to NT$140 over the past week.Price Target Changed • Oct 28Price target increased by 8.7% to NT$123Up from NT$113, the current price target is an average from 11 analysts. New target price is 11% below last closing price of NT$138. Stock is up 30% over the past year. The company is forecast to post earnings per share of NT$3.26 for next year compared to NT$0.11 last year.Reported Earnings • Aug 02Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: NT$0.74 (up from NT$0.20 in 2Q 2024). Revenue: NT$9.56b (up 31% from 2Q 2024). Net income: NT$338.2m (up 282% from 2Q 2024). Profit margin: 3.5% (up from 1.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 13% 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, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.Price Target Changed • Jul 29Price target increased by 7.8% to NT$91.82Up from NT$85.18, the current price target is an average from 11 analysts. New target price is 14% below last closing price of NT$107. Stock is down 4.1% over the past year. The company is forecast to post earnings per share of NT$3.31 for next year compared to NT$0.11 last year.Major Estimate Revision • Jul 18Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$37.0b to NT$38.0b. EPS estimate increased from NT$2.90 to NT$3.42 per share. Net income forecast to grow 465% next year vs 13% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$86.09. Share price rose 12% to NT$101 over the past week.Buy Or Sell Opportunity • Jul 15Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 43% to NT$99.20. The fair value is estimated to be NT$78.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 97%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 450% in the next year.Declared Dividend • Jun 20Dividend of NT$1.00 announcedShareholders will receive a dividend of NT$1.00. Ex-date: 3rd July 2025 Payment date: 30th July 2025 Dividend yield will be 1.2%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (151% earnings payout ratio) nor is it covered by cash flows (dividend approximately 27x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 68% to bring the payout ratio under control. EPS is expected to grow by 294% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Jun 20Kinsus Interconnect Technology Corp. Declares Cash Dividend, Payable July 30, 2025Kinsus Interconnect Technology Corp. at its board of directors or shareholders meeting held on June 18, 2025, announced type and monetary amount of common stock dividend distribution: Cash dividend of TWD 456,649,360. Ex-rights (ex-dividend) trading date: July 3, 2025.; Ex-rights (ex-dividend) record date: July 9, 2025.; Payment date of common stock cash dividend distribution: July 30, 2025.Buy Or Sell Opportunity • Jun 11Now 25% overvaluedOver the last 90 days, the stock has fallen 4.7% to NT$91.50. The fair value is estimated to be NT$73.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 97%. Revenue is forecast to grow by 15% in a year. Earnings are forecast to grow by 589% in the next year.Major Estimate Revision • May 20Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$3.71 to NT$4.22. Revenue forecast steady at NT$36.3b. Net income forecast to grow 589% next year vs 16% growth forecast for Semiconductor industry in Taiwan. Consensus price target of NT$85.27 unchanged from last update. Share price was steady at NT$81.00 over the past week.Reported Earnings • May 14First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$0.61 (up from NT$0.054 in 1Q 2024). Revenue: NT$8.62b (up 23% from 1Q 2024). Net income: NT$276.1m (up NT$251.6m from 1Q 2024). Profit margin: 3.2% (up from 0.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 10% 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, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.Price Target Changed • Apr 30Price target decreased by 15% to NT$87.08Down from NT$102, the current price target is an average from 12 analysts. New target price is 16% above last closing price of NT$75.00. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$3.57 for next year compared to NT$0.11 last year.Major Estimate Revision • Apr 29Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$3.72 to NT$3.35 per share. Revenue forecast steady at NT$35.5b. Net income forecast to grow 2,892% next year vs 19% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$97.52 to NT$92.25. Share price rose 13% to NT$76.10 over the past week.공시 • Apr 19Kinsus Interconnect Technology Corp. to Report Q1, 2025 Results on Apr 28, 2025Kinsus Interconnect Technology Corp. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on Apr 28, 2025Major Estimate Revision • Apr 15Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$3.75 to NT$3.27 per share. Revenue forecast steady at NT$35.3b. Net income forecast to grow 2,932% next year vs 23% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$105. Share price rose 5.4% to NT$71.60 over the past week.공시 • Feb 19Kinsus Interconnect Technology Corp., Annual General Meeting, May 28, 2025Kinsus Interconnect Technology Corp., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,1245, chung hua rd., sinwu district, taoyuan city Taiwan공시 • Feb 08Kinsus Interconnect Technology Corp. to Report Fiscal Year 2024 Results on Feb 17, 2025Kinsus Interconnect Technology Corp. announced that they will report fiscal year 2024 results on Feb 17, 2025Reported Earnings • Nov 08Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$0.41 (up from NT$0.76 loss in 3Q 2023). Revenue: NT$8.20b (up 36% from 3Q 2023). Net income: NT$185.3m (up NT$528.3m from 3Q 2023). Profit margin: 2.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 16% 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 fallen by 60% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Oct 30Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$2.06 to NT$1.84 per share. Revenue forecast steady at NT$31.5b. Net income forecast to grow 1,234% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$110. Share price fell 6.5% to NT$108 over the past week.공시 • Oct 19Kinsus Interconnect Technology Corp. to Report Q3, 2024 Results on Oct 28, 2024Kinsus Interconnect Technology Corp. announced that they will report Q3, 2024 results on Oct 28, 2024New Risk • Sep 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 9.3% 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 (9.3% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin).Major Estimate Revision • Aug 10Consensus EPS estimates fall by 50%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$3.95 to NT$1.97 per share. Revenue forecast steady at NT$32.2b. Net income forecast to grow 1,873% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$109. Share price was steady at NT$105 over the past week.Reported Earnings • Aug 06Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: NT$0.20 (up from NT$0.077 in 2Q 2023). Revenue: NT$7.30b (up 13% from 2Q 2023). Net income: NT$88.6m (up 153% from 2Q 2023). Profit margin: 1.2% (up from 0.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 73%. Revenue is forecast to grow 18% 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 39% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.New Risk • Jul 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin).Major Estimate Revision • Jul 30Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$32.6b to NT$32.2b. EPS estimate also fell from NT$4.66 per share to NT$3.95 per share. Net income forecast to grow 3,445% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$107 to NT$110. Share price fell 6.7% to NT$111 over the past week.Major Estimate Revision • Jul 23Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$4.91 to NT$4.42 per share. Revenue forecast steady at NT$32.5b. Net income forecast to grow 3,714% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$99.72 to NT$107. Share price was steady at NT$119 over the past week.공시 • Jul 20Kinsus Interconnect Technology Corp. to Report Q2, 2024 Results on Jul 29, 2024Kinsus Interconnect Technology Corp. announced that they will report Q2, 2024 results on Jul 29, 2024Price Target Changed • Jul 17Price target increased by 7.7% to NT$107Up from NT$99.72, the current price target is an average from 9 analysts. New target price is 19% below last closing price of NT$132. Stock is up 16% over the past year. The company is forecast to post earnings per share of NT$4.66 for next year compared to NT$0.11 last year.Price Target Changed • Jul 15Price target increased by 7.0% to NT$106Up from NT$99.11, the current price target is an average from 9 analysts. New target price is 12% below last closing price of NT$120. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of NT$4.66 for next year compared to NT$0.11 last year.공시 • Jun 21Kinsus Interconnect Technology Corp. Announces Cash Dividend, Payable on July 25, 2024Kinsus Interconnect Technology Corp. announced cash dividend of TWD 454,423,060. Payment date of common stock cash dividend distribution on July 25, 2024. Ex-rights (ex-dividend) record date of July 10, 2024. Ex-rights (ex-dividend) trading date: July 4, 2024.Declared Dividend • Jun 21Dividend reduced to NT$1.00Dividend of NT$1.00 is 85% lower than last year. Ex-date: 4th July 2024 Payment date: 25th July 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 7x earnings) 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 686% to bring the payout ratio under control. EPS is expected to grow by 364% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • May 08First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: NT$0.05 (down from NT$0.17 in 1Q 2023). Revenue: NT$6.99b (up 2.3% from 1Q 2023). Net income: NT$24.5m (down 68% from 1Q 2023). Profit margin: 0.4% (down from 1.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 87%. Revenue is forecast to grow 18% 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 fallen by 12% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Price Target Changed • Mar 19Price target increased by 10% to NT$97.67Up from NT$88.67, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$99.30. Stock is down 15% over the past year. The company is forecast to post earnings per share of NT$4.69 for next year compared to NT$0.11 last year.Reported Earnings • Feb 20Full year 2023 earnings released: EPS: NT$0.11 (vs NT$16.01 in FY 2022)Full year 2023 results: EPS: NT$0.11 (down from NT$16.01 in FY 2022). Revenue: NT$26.8b (down 36% from FY 2022). Net income: NT$47.5m (down 99% from FY 2022). Profit margin: 0.2% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% 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 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공시 • Jan 30Kinsus Interconnect Technology Corp., Annual General Meeting, May 30, 2024Kinsus Interconnect Technology Corp., Annual General Meeting, May 30, 2024. Location: No. 1245, ZhongHua Rd., XinWu Dist., Taoyuan City KINSUS' Shih-Lei Plant Taoyuan City Taiwan Agenda: To discuss the Company's 2023 operational and financial results; to discuss Audit Committee's Review Report on 2023 Financial Statements; to discuss The 2023 compensation of directors and supervisors and employee bonus; to discuss the Distribution of 2023 profits in cash dividends; and to discuss other matters.Major Estimate Revision • Jan 25Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from NT$26.3b to NT$26.5b. Forecast EPS reduced from -NT$0.406 to -NT$0.46 per share. Semiconductor industry in Taiwan expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at NT$88.67. Share price rose 5.0% to NT$101 over the past week.Price Target Changed • Dec 30Price target decreased by 9.1% to NT$88.89Down from NT$97.80, the current price target is an average from 9 analysts. New target price is 11% below last closing price of NT$99.70. Stock is down 4.6% over the past year. The company posted earnings per share of NT$16.01 last year.Major Estimate Revision • Dec 02Consensus EPS estimates upgraded to NT$0.41 lossThe consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -NT$0.476 to -NT$0.406 per share. Revenue forecast steady at NT$26.3b. Semiconductor industry in Taiwan expected to see average net income growth of 19% next year. Consensus price target down from NT$97.80 to NT$94.00. Share price rose 2.9% to NT$101 over the past week.Major Estimate Revision • Nov 10Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$26.8b to NT$26.2b. Now expected to report a loss of NT$0.48 per share instead of NT$0.867 per share profit previously forecast. Semiconductor industry in Taiwan expected to see average net income growth of 11% next year. Consensus price target down from NT$103 to NT$97.80. Share price fell 5.9% to NT$92.90 over the past week.Reported Earnings • Nov 05Third quarter 2023 earnings released: NT$0.76 loss per share (vs NT$4.79 profit in 3Q 2022)Third quarter 2023 results: NT$0.76 loss per share (down from NT$4.79 profit in 3Q 2022). Revenue: NT$6.05b (down 48% from 3Q 2022). Net loss: NT$343.0m (down 116% from profit in 3Q 2022). Revenue is forecast to grow 16% 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 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 01Price target decreased by 8.9% to NT$103Down from NT$113, the current price target is an average from 10 analysts. New target price is 7.2% above last closing price of NT$96.00. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$1.46 for next year compared to NT$16.01 last year.Buying Opportunity • Oct 20Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be NT$127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 67%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to decline by 6.3% in the next 2 years.Major Estimate Revision • Aug 25Consensus EPS estimates fall by 53%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$2.88 to NT$1.36 per share. Revenue forecast steady at NT$30.2b. Net income forecast to shrink 40% next year vs 6.2% growth forecast for Semiconductor industry in Taiwan . Consensus price target of NT$115 unchanged from last update. Share price was steady at NT$102 over the past week.New Risk • Aug 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 233% Dividend per share is over 5x cash flows per share. Dividend yield: 6.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 233% Dividend per share is over 5x cash flows per share. Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin).Reported Earnings • Aug 10Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$0.04 (down from NT$4.65 in 2Q 2022). Revenue: NT$6.46b (down 44% from 2Q 2022). Net income: NT$50.2m (down 98% from 2Q 2022). Profit margin: 0.8% (down from 18% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates. 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 61% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.공시 • Aug 02Kinsus Interconnect Technology Corp. Announces Board ChangesKinsus Interconnect Technology Corp. announced resignation of Hu, Gui-Qin, Chief Operating Director as representative of juristic person director and appointed Cheng, Kuang-Chih, President and Co-CEO of Pegatron Corporation as representative of juristic person director. Effective date of the new appointment is August 1, 2023.공시 • Aug 01Kinsus Interconnect Technology Corp. Announces the Resignation of Hu, Gui-Qin as Chief Operating DirectorKinsus Interconnect Technology Corp. announced the resignation of Hu, Gui-Qin as Chief Operating Director, effective from July 31, 2023. Reason for the change: personal career planning.Upcoming Dividend • Jul 06Upcoming dividend of NT$6.48 per share at 5.5% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 09 August 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%).공시 • Jun 30Kinsus Interconnect Technology Corp. Approves Dividend Distribution, Payable on August 9, 2023Kinsus Interconnect Technology Corp. announced that at the board of directors or shareholders meeting held on June 28, 2023, the company approved amount of dividend distribution: cash dividend of TWD 2,943,011,890. Ex-rights (ex-dividend) record date is July 21, 2023. Payment date of cash dividend distribution is August 9, 2023. Ex-rights (ex-dividend) trading date is July 13, 2023.Major Estimate Revision • Jun 08Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$30.1b to NT$29.4b. EPS estimate also fell from NT$3.79 per share to NT$3.03 per share. Net income forecast to shrink 65% next year vs 11% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$133 to NT$117. Share price fell 4.3% to NT$112 over the past week.Price Target Changed • Jun 06Price target decreased by 14% to NT$117Down from NT$137, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of NT$118. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$3.78 for next year compared to NT$16.01 last year.Major Estimate Revision • Jun 01Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$4.46 to NT$3.79 per share. Revenue forecast steady at NT$30.1b. Net income forecast to shrink 58% next year vs 9.2% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$137 to NT$133. Share price rose 4.0% to NT$117 over the past week.Major Estimate Revision • May 04Consensus EPS estimates fall by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$35.3b to NT$34.0b. EPS estimate also fell from NT$8.12 per share to NT$5.57 per share. Net income forecast to shrink 65% next year vs 22% decline forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$139. Share price was steady at NT$108 over the past week.Major Estimate Revision • Apr 14Consensus EPS estimates fall by 36%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$38.4b to NT$35.8b. EPS estimate also fell from NT$12.21 per share to NT$7.77 per share. Net income forecast to shrink 19% next year vs 22% decline forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$142. Share price was steady at NT$114 over the past week.Reported Earnings • Feb 25Full year 2022 earnings released: EPS: NT$15.74 (vs NT$8.56 in FY 2021)Full year 2022 results: EPS: NT$15.74 (up from NT$8.56 in FY 2021). Revenue: NT$41.6b (up 17% from FY 2021). Net income: NT$7.22b (up 87% from FY 2021). Profit margin: 17% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Price Target Changed • Feb 04Price target decreased by 9.5% to NT$146Down from NT$161, the current price target is an average from 13 analysts. New target price is 27% above last closing price of NT$115. Stock is down 43% over the past year. The company is forecast to post earnings per share of NT$16.30 for next year compared to NT$8.56 last year.Price Target Changed • Jan 09Price target decreased to NT$161Down from NT$176, the current price target is an average from 13 analysts. New target price is 50% above last closing price of NT$108. Stock is down 48% over the past year. The company is forecast to post earnings per share of NT$16.50 for next year compared to NT$8.56 last year.Valuation Update With 7 Day Price Move • Dec 12Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$118, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 129% over the past three years.공시 • Dec 08Kinsus Interconnect Technology Corp. Provides Revenue Guidance for 2023Kinsus Interconnect Technology Corp. provided revenue guidance for 2023. For the year company expects Revenue to increase by 10% to 15% compared to 2022.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 Ming-Yu Lee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 02Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: NT$4.79 (up from NT$3.07 in 3Q 2021). Revenue: NT$11.5b (up 18% from 3Q 2021). Net income: NT$2.16b (up 56% from 3Q 2021). Profit margin: 19% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 6.5%. Revenue is forecast to grow 13% 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 119% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Price Target Changed • Sep 30Price target decreased to NT$180Down from NT$196, the current price target is an average from 13 analysts. New target price is 94% above last closing price of NT$93.00. Stock is down 54% over the past year. The company is forecast to post earnings per share of NT$16.44 for next year compared to NT$8.56 last year.Price Target Changed • Aug 14Price target decreased to NT$209Down from NT$228, the current price target is an average from 12 analysts. New target price is 60% above last closing price of NT$131. Stock is down 25% over the past year. The company is forecast to post earnings per share of NT$17.07 for next year compared to NT$8.56 last year.Reported Earnings • Aug 07Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$4.65 (up from NT$1.89 in 2Q 2021). Revenue: NT$11.5b (up 31% from 2Q 2021). Net income: NT$2.10b (up 146% from 2Q 2021). Profit margin: 18% (up from 9.8% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 18%, compared to a 21% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$124, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 262% over the past three years.Upcoming Dividend • Jul 21Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.7%).Price Target Changed • Jul 18Price target decreased to NT$228Down from NT$247, the current price target is an average from 15 analysts. New target price is 71% above last closing price of NT$134. Stock is down 28% over the past year. The company is forecast to post earnings per share of NT$15.04 for next year compared to NT$8.56 last year.Price Target Changed • Jun 17Price target decreased to NT$257Down from NT$277, the current price target is an average from 15 analysts. New target price is 74% above last closing price of NT$148. Stock is up 19% over the past year. The company is forecast to post earnings per share of NT$14.53 for next year compared to NT$8.56 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Hui-Huang Wu was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Apr 26Kinsus Interconnect Technology Corp. Appoints Sih-Jheng Liao as Deputy CSO, Effective May 01, 2022Kinsus Interconnect Technology Corp. announced the appointment of Sih-Jheng Liao as Deputy CSO, Effective from May 01, 2022.이익 및 매출 성장 예측TWSE:3189 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202893,54917,55026,25728,920612/31/202771,28810,1235,00614,8681012/31/202653,5874,8696,14711,58363/31/202641,8361,8692,2937,626N/A12/31/202539,3511,5961,7758,093N/A9/30/202536,5837046607,252N/A6/30/202534,4245507498,342N/A3/31/202532,160300178,228N/A12/31/202430,53549-2,7877,705N/A9/30/202429,981662-5,6065,042N/A6/30/202427,831133-6,4963,538N/A3/31/202426,99264-4,9725,589N/A12/31/202326,83248-3,9436,256N/A9/30/202328,771875-20612,968N/A6/30/202334,2703,37950816,328N/A3/31/202339,7255,339-2,78515,849N/A12/31/202242,4416,977-1,21715,961N/A9/30/202240,6307,626-3,20712,210N/A6/30/202238,8536,850-1,39412,383N/A3/31/202235,6615,724-1,84611,410N/A12/31/202133,3364,336-2,85710,574N/A9/30/202133,2672,666-2,0429,588N/A6/30/202130,3711,340-3,6186,225N/A3/31/202128,4327212685,707N/A12/31/202027,0985422,4825,358N/A9/30/202025,7873772,8375,000N/A6/30/202024,912401,9344,446N/A3/31/202023,301-1,202-1102,867N/A12/31/201922,327-2,025N/A3,101N/A9/30/201922,350-2,027N/A2,739N/A6/30/201922,768-1,507N/A3,627N/A3/31/201923,395-402N/A4,543N/A12/31/201823,728349N/A4,103N/A9/30/201823,762361N/A4,544N/A6/30/201823,499396N/A3,615N/A3/31/201822,617362N/A4,646N/A12/31/201722,335492N/A6,003N/A9/30/201721,730962N/A5,921N/A6/30/201721,9091,315N/A6,606N/A3/31/201722,7651,855N/A6,595N/A12/31/201623,1652,234N/A5,753N/A9/30/201623,7722,663N/A6,236N/A6/30/201623,4292,804N/A7,794N/A3/31/201623,0852,802N/A7,039N/A12/31/201523,0612,904N/A6,939N/A9/30/201522,3962,588N/A6,926N/A6/30/201523,1422,811N/A6,070N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 3189 의 연간 예상 수익 증가율(62.5%)이 saving rate(1.3%)보다 높습니다.수익 vs 시장: 3189 의 연간 수익(62.5%)이 TW 시장(25.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 3189 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 3189 의 수익(연간 28.3%)이 TW 시장(연간 18.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 3189 의 수익(연간 28.3%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 3189의 자본 수익률은 3년 후 21.7%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/11 12:41종가2026/06/11 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 소스Kinsus Interconnect Technology Corp.는 21명의 분석가가 다루고 있습니다. 이 중 11명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Warren LauAletheia Analyst Network LimitedAndrew LuBarclaysMike YangBofA Global Research18명의 분석가 더 보기
Major Estimate Revision • Apr 27Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$8.46 to NT$9.58. Revenue forecast steady at NT$51.3b. Net income forecast to grow 199% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$334 to NT$445. Share price rose 20% to NT$515 over the past week.
Price Target Changed • Apr 22Price target increased by 8.6% to NT$363Up from NT$334, the current price target is an average from 11 analysts. New target price is 26% below last closing price of NT$492. Stock is up 585% over the past year. The company is forecast to post earnings per share of NT$8.91 for next year compared to NT$3.51 last year.
Price Target Changed • Apr 07Price target increased by 8.3% to NT$321Up from NT$297, the current price target is an average from 10 analysts. New target price is 10% below last closing price of NT$358. Stock is up 427% over the past year. The company is forecast to post earnings per share of NT$8.09 for next year compared to NT$3.51 last year.
Price Target Changed • Mar 03Price target increased by 9.4% to NT$250Up from NT$229, the current price target is an average from 10 analysts. New target price is 20% below last closing price of NT$311. Stock is up 219% over the past year. The company is forecast to post earnings per share of NT$8.95 for next year compared to NT$3.51 last year.
Major Estimate Revision • Feb 26Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$7.66 to NT$9.12. Revenue forecast steady at NT$48.9b. Net income forecast to grow 160% next year vs 42% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$232. Share price rose 19% to NT$315 over the past week.
Price Target Changed • Feb 02Price target increased by 14% to NT$172Up from NT$150, the current price target is an average from 11 analysts. New target price is 28% below last closing price of NT$239. Stock is up 147% over the past year. The company is forecast to post earnings per share of NT$3.35 for next year compared to NT$0.11 last year.
New Risk • May 31New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding).
Reported Earnings • May 09First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$1.00 (up from NT$0.61 in 1Q 2025). Revenue: NT$11.1b (up 29% from 1Q 2025). Net income: NT$549.2m (up 99% from 1Q 2025). Profit margin: 4.9% (up from 3.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 28% 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 fallen by 54% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings.
Major Estimate Revision • Apr 27Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$8.46 to NT$9.58. Revenue forecast steady at NT$51.3b. Net income forecast to grow 199% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$334 to NT$445. Share price rose 20% to NT$515 over the past week.
Price Target Changed • Apr 22Price target increased by 8.6% to NT$363Up from NT$334, the current price target is an average from 11 analysts. New target price is 26% below last closing price of NT$492. Stock is up 585% over the past year. The company is forecast to post earnings per share of NT$8.91 for next year compared to NT$3.51 last year.
Price Target Changed • Apr 07Price target increased by 8.3% to NT$321Up from NT$297, the current price target is an average from 10 analysts. New target price is 10% below last closing price of NT$358. Stock is up 427% over the past year. The company is forecast to post earnings per share of NT$8.09 for next year compared to NT$3.51 last year.
Buy Or Sell Opportunity • Mar 23Now 22% undervaluedOver the last 90 days, the stock has risen 143% to NT$346. The fair value is estimated to be NT$442, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 94%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 307% in the next 2 years.
Price Target Changed • Mar 03Price target increased by 9.4% to NT$250Up from NT$229, the current price target is an average from 10 analysts. New target price is 20% below last closing price of NT$311. Stock is up 219% over the past year. The company is forecast to post earnings per share of NT$8.95 for next year compared to NT$3.51 last year.
Major Estimate Revision • Feb 26Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$7.66 to NT$9.12. Revenue forecast steady at NT$48.9b. Net income forecast to grow 160% next year vs 42% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$232. Share price rose 19% to NT$315 over the past week.
Reported Earnings • Feb 13Full year 2025 earnings released: EPS: NT$3.51 (vs NT$0.11 in FY 2024)Full year 2025 results: EPS: NT$3.51 (up from NT$0.11 in FY 2024). Revenue: NT$39.4b (up 29% from FY 2024). Net income: NT$1.60b (up NT$1.55b from FY 2024). Profit margin: 4.1% (up from 0.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance.
공시 • Feb 02Kinsus Interconnect Technology Corp., Annual General Meeting, May 27, 2026Kinsus Interconnect Technology Corp., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,1245, chung hua rd., sinwu district, taoyuan city Taiwan
Price Target Changed • Feb 02Price target increased by 14% to NT$172Up from NT$150, the current price target is an average from 11 analysts. New target price is 28% below last closing price of NT$239. Stock is up 147% over the past year. The company is forecast to post earnings per share of NT$3.35 for next year compared to NT$0.11 last year.
Buy Or Sell Opportunity • Jan 30Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 85% to NT$252. The fair value is estimated to be NT$203, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 112%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 415% in the next 2 years.
Price Target Changed • Jan 27Price target increased by 8.0% to NT$154Up from NT$143, the current price target is an average from 11 analysts. New target price is 32% below last closing price of NT$229. Stock is up 133% over the past year. The company is forecast to post earnings per share of NT$3.37 for next year compared to NT$0.11 last year.
공시 • Jan 21Kinsus Interconnect Technology Corp. has filed a Follow-on Equity Offering in the amount of TWD 10.15 billion.Kinsus Interconnect Technology Corp. has filed a Follow-on Equity Offering in the amount of TWD 10.15 billion. Security Name: Shares Security Type: Common Stock Securities Offered: 70,000,000 Price\Range: TWD 145 Transaction Features: Reserved Share Offering; Rights Offering
Buy Or Sell Opportunity • Dec 08Now 20% undervaluedOver the last 90 days, the stock has risen 50% to NT$156. The fair value is estimated to be NT$195, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 112%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 411% in the next 2 years.
Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: NT$1.50 (vs NT$0.41 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.50 (up from NT$0.41 in 3Q 2024). Revenue: NT$10.4b (up 26% from 3Q 2024). Net income: NT$339.3m (up 83% from 3Q 2024). Profit margin: 3.3% (up from 2.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% 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, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Oct 29Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$3.81 to NT$3.23 per share. Revenue forecast steady at NT$39.5b. Net income forecast to grow 277% next year vs 27% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$113 to NT$128. Share price fell 4.8% to NT$140 over the past week.
Price Target Changed • Oct 28Price target increased by 8.7% to NT$123Up from NT$113, the current price target is an average from 11 analysts. New target price is 11% below last closing price of NT$138. Stock is up 30% over the past year. The company is forecast to post earnings per share of NT$3.26 for next year compared to NT$0.11 last year.
Reported Earnings • Aug 02Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: NT$0.74 (up from NT$0.20 in 2Q 2024). Revenue: NT$9.56b (up 31% from 2Q 2024). Net income: NT$338.2m (up 282% from 2Q 2024). Profit margin: 3.5% (up from 1.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 13% 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, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
Price Target Changed • Jul 29Price target increased by 7.8% to NT$91.82Up from NT$85.18, the current price target is an average from 11 analysts. New target price is 14% below last closing price of NT$107. Stock is down 4.1% over the past year. The company is forecast to post earnings per share of NT$3.31 for next year compared to NT$0.11 last year.
Major Estimate Revision • Jul 18Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$37.0b to NT$38.0b. EPS estimate increased from NT$2.90 to NT$3.42 per share. Net income forecast to grow 465% next year vs 13% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$86.09. Share price rose 12% to NT$101 over the past week.
Buy Or Sell Opportunity • Jul 15Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 43% to NT$99.20. The fair value is estimated to be NT$78.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 97%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 450% in the next year.
Declared Dividend • Jun 20Dividend of NT$1.00 announcedShareholders will receive a dividend of NT$1.00. Ex-date: 3rd July 2025 Payment date: 30th July 2025 Dividend yield will be 1.2%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (151% earnings payout ratio) nor is it covered by cash flows (dividend approximately 27x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 68% to bring the payout ratio under control. EPS is expected to grow by 294% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Jun 20Kinsus Interconnect Technology Corp. Declares Cash Dividend, Payable July 30, 2025Kinsus Interconnect Technology Corp. at its board of directors or shareholders meeting held on June 18, 2025, announced type and monetary amount of common stock dividend distribution: Cash dividend of TWD 456,649,360. Ex-rights (ex-dividend) trading date: July 3, 2025.; Ex-rights (ex-dividend) record date: July 9, 2025.; Payment date of common stock cash dividend distribution: July 30, 2025.
Buy Or Sell Opportunity • Jun 11Now 25% overvaluedOver the last 90 days, the stock has fallen 4.7% to NT$91.50. The fair value is estimated to be NT$73.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 97%. Revenue is forecast to grow by 15% in a year. Earnings are forecast to grow by 589% in the next year.
Major Estimate Revision • May 20Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$3.71 to NT$4.22. Revenue forecast steady at NT$36.3b. Net income forecast to grow 589% next year vs 16% growth forecast for Semiconductor industry in Taiwan. Consensus price target of NT$85.27 unchanged from last update. Share price was steady at NT$81.00 over the past week.
Reported Earnings • May 14First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$0.61 (up from NT$0.054 in 1Q 2024). Revenue: NT$8.62b (up 23% from 1Q 2024). Net income: NT$276.1m (up NT$251.6m from 1Q 2024). Profit margin: 3.2% (up from 0.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 10% 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, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
Price Target Changed • Apr 30Price target decreased by 15% to NT$87.08Down from NT$102, the current price target is an average from 12 analysts. New target price is 16% above last closing price of NT$75.00. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$3.57 for next year compared to NT$0.11 last year.
Major Estimate Revision • Apr 29Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$3.72 to NT$3.35 per share. Revenue forecast steady at NT$35.5b. Net income forecast to grow 2,892% next year vs 19% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$97.52 to NT$92.25. Share price rose 13% to NT$76.10 over the past week.
공시 • Apr 19Kinsus Interconnect Technology Corp. to Report Q1, 2025 Results on Apr 28, 2025Kinsus Interconnect Technology Corp. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on Apr 28, 2025
Major Estimate Revision • Apr 15Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from NT$3.75 to NT$3.27 per share. Revenue forecast steady at NT$35.3b. Net income forecast to grow 2,932% next year vs 23% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$105. Share price rose 5.4% to NT$71.60 over the past week.
공시 • Feb 19Kinsus Interconnect Technology Corp., Annual General Meeting, May 28, 2025Kinsus Interconnect Technology Corp., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,1245, chung hua rd., sinwu district, taoyuan city Taiwan
공시 • Feb 08Kinsus Interconnect Technology Corp. to Report Fiscal Year 2024 Results on Feb 17, 2025Kinsus Interconnect Technology Corp. announced that they will report fiscal year 2024 results on Feb 17, 2025
Reported Earnings • Nov 08Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$0.41 (up from NT$0.76 loss in 3Q 2023). Revenue: NT$8.20b (up 36% from 3Q 2023). Net income: NT$185.3m (up NT$528.3m from 3Q 2023). Profit margin: 2.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 16% 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 fallen by 60% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Oct 30Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$2.06 to NT$1.84 per share. Revenue forecast steady at NT$31.5b. Net income forecast to grow 1,234% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$110. Share price fell 6.5% to NT$108 over the past week.
공시 • Oct 19Kinsus Interconnect Technology Corp. to Report Q3, 2024 Results on Oct 28, 2024Kinsus Interconnect Technology Corp. announced that they will report Q3, 2024 results on Oct 28, 2024
New Risk • Sep 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 9.3% 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 (9.3% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin).
Major Estimate Revision • Aug 10Consensus EPS estimates fall by 50%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$3.95 to NT$1.97 per share. Revenue forecast steady at NT$32.2b. Net income forecast to grow 1,873% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$109. Share price was steady at NT$105 over the past week.
Reported Earnings • Aug 06Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: NT$0.20 (up from NT$0.077 in 2Q 2023). Revenue: NT$7.30b (up 13% from 2Q 2023). Net income: NT$88.6m (up 153% from 2Q 2023). Profit margin: 1.2% (up from 0.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 73%. Revenue is forecast to grow 18% 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 39% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
New Risk • Jul 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin).
Major Estimate Revision • Jul 30Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$32.6b to NT$32.2b. EPS estimate also fell from NT$4.66 per share to NT$3.95 per share. Net income forecast to grow 3,445% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$107 to NT$110. Share price fell 6.7% to NT$111 over the past week.
Major Estimate Revision • Jul 23Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$4.91 to NT$4.42 per share. Revenue forecast steady at NT$32.5b. Net income forecast to grow 3,714% next year vs 33% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$99.72 to NT$107. Share price was steady at NT$119 over the past week.
공시 • Jul 20Kinsus Interconnect Technology Corp. to Report Q2, 2024 Results on Jul 29, 2024Kinsus Interconnect Technology Corp. announced that they will report Q2, 2024 results on Jul 29, 2024
Price Target Changed • Jul 17Price target increased by 7.7% to NT$107Up from NT$99.72, the current price target is an average from 9 analysts. New target price is 19% below last closing price of NT$132. Stock is up 16% over the past year. The company is forecast to post earnings per share of NT$4.66 for next year compared to NT$0.11 last year.
Price Target Changed • Jul 15Price target increased by 7.0% to NT$106Up from NT$99.11, the current price target is an average from 9 analysts. New target price is 12% below last closing price of NT$120. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of NT$4.66 for next year compared to NT$0.11 last year.
공시 • Jun 21Kinsus Interconnect Technology Corp. Announces Cash Dividend, Payable on July 25, 2024Kinsus Interconnect Technology Corp. announced cash dividend of TWD 454,423,060. Payment date of common stock cash dividend distribution on July 25, 2024. Ex-rights (ex-dividend) record date of July 10, 2024. Ex-rights (ex-dividend) trading date: July 4, 2024.
Declared Dividend • Jun 21Dividend reduced to NT$1.00Dividend of NT$1.00 is 85% lower than last year. Ex-date: 4th July 2024 Payment date: 25th July 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 7x earnings) 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 686% to bring the payout ratio under control. EPS is expected to grow by 364% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • May 08First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: NT$0.05 (down from NT$0.17 in 1Q 2023). Revenue: NT$6.99b (up 2.3% from 1Q 2023). Net income: NT$24.5m (down 68% from 1Q 2023). Profit margin: 0.4% (down from 1.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 87%. Revenue is forecast to grow 18% 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 fallen by 12% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Price Target Changed • Mar 19Price target increased by 10% to NT$97.67Up from NT$88.67, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$99.30. Stock is down 15% over the past year. The company is forecast to post earnings per share of NT$4.69 for next year compared to NT$0.11 last year.
Reported Earnings • Feb 20Full year 2023 earnings released: EPS: NT$0.11 (vs NT$16.01 in FY 2022)Full year 2023 results: EPS: NT$0.11 (down from NT$16.01 in FY 2022). Revenue: NT$26.8b (down 36% from FY 2022). Net income: NT$47.5m (down 99% from FY 2022). Profit margin: 0.2% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% 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 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공시 • Jan 30Kinsus Interconnect Technology Corp., Annual General Meeting, May 30, 2024Kinsus Interconnect Technology Corp., Annual General Meeting, May 30, 2024. Location: No. 1245, ZhongHua Rd., XinWu Dist., Taoyuan City KINSUS' Shih-Lei Plant Taoyuan City Taiwan Agenda: To discuss the Company's 2023 operational and financial results; to discuss Audit Committee's Review Report on 2023 Financial Statements; to discuss The 2023 compensation of directors and supervisors and employee bonus; to discuss the Distribution of 2023 profits in cash dividends; and to discuss other matters.
Major Estimate Revision • Jan 25Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from NT$26.3b to NT$26.5b. Forecast EPS reduced from -NT$0.406 to -NT$0.46 per share. Semiconductor industry in Taiwan expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at NT$88.67. Share price rose 5.0% to NT$101 over the past week.
Price Target Changed • Dec 30Price target decreased by 9.1% to NT$88.89Down from NT$97.80, the current price target is an average from 9 analysts. New target price is 11% below last closing price of NT$99.70. Stock is down 4.6% over the past year. The company posted earnings per share of NT$16.01 last year.
Major Estimate Revision • Dec 02Consensus EPS estimates upgraded to NT$0.41 lossThe consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -NT$0.476 to -NT$0.406 per share. Revenue forecast steady at NT$26.3b. Semiconductor industry in Taiwan expected to see average net income growth of 19% next year. Consensus price target down from NT$97.80 to NT$94.00. Share price rose 2.9% to NT$101 over the past week.
Major Estimate Revision • Nov 10Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$26.8b to NT$26.2b. Now expected to report a loss of NT$0.48 per share instead of NT$0.867 per share profit previously forecast. Semiconductor industry in Taiwan expected to see average net income growth of 11% next year. Consensus price target down from NT$103 to NT$97.80. Share price fell 5.9% to NT$92.90 over the past week.
Reported Earnings • Nov 05Third quarter 2023 earnings released: NT$0.76 loss per share (vs NT$4.79 profit in 3Q 2022)Third quarter 2023 results: NT$0.76 loss per share (down from NT$4.79 profit in 3Q 2022). Revenue: NT$6.05b (down 48% from 3Q 2022). Net loss: NT$343.0m (down 116% from profit in 3Q 2022). Revenue is forecast to grow 16% 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 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 01Price target decreased by 8.9% to NT$103Down from NT$113, the current price target is an average from 10 analysts. New target price is 7.2% above last closing price of NT$96.00. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$1.46 for next year compared to NT$16.01 last year.
Buying Opportunity • Oct 20Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be NT$127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 67%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to decline by 6.3% in the next 2 years.
Major Estimate Revision • Aug 25Consensus EPS estimates fall by 53%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$2.88 to NT$1.36 per share. Revenue forecast steady at NT$30.2b. Net income forecast to shrink 40% next year vs 6.2% growth forecast for Semiconductor industry in Taiwan . Consensus price target of NT$115 unchanged from last update. Share price was steady at NT$102 over the past week.
New Risk • Aug 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 233% Dividend per share is over 5x cash flows per share. Dividend yield: 6.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 233% Dividend per share is over 5x cash flows per share. Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin).
Reported Earnings • Aug 10Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$0.04 (down from NT$4.65 in 2Q 2022). Revenue: NT$6.46b (down 44% from 2Q 2022). Net income: NT$50.2m (down 98% from 2Q 2022). Profit margin: 0.8% (down from 18% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates. 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 61% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
공시 • Aug 02Kinsus Interconnect Technology Corp. Announces Board ChangesKinsus Interconnect Technology Corp. announced resignation of Hu, Gui-Qin, Chief Operating Director as representative of juristic person director and appointed Cheng, Kuang-Chih, President and Co-CEO of Pegatron Corporation as representative of juristic person director. Effective date of the new appointment is August 1, 2023.
공시 • Aug 01Kinsus Interconnect Technology Corp. Announces the Resignation of Hu, Gui-Qin as Chief Operating DirectorKinsus Interconnect Technology Corp. announced the resignation of Hu, Gui-Qin as Chief Operating Director, effective from July 31, 2023. Reason for the change: personal career planning.
Upcoming Dividend • Jul 06Upcoming dividend of NT$6.48 per share at 5.5% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 09 August 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.2%).
공시 • Jun 30Kinsus Interconnect Technology Corp. Approves Dividend Distribution, Payable on August 9, 2023Kinsus Interconnect Technology Corp. announced that at the board of directors or shareholders meeting held on June 28, 2023, the company approved amount of dividend distribution: cash dividend of TWD 2,943,011,890. Ex-rights (ex-dividend) record date is July 21, 2023. Payment date of cash dividend distribution is August 9, 2023. Ex-rights (ex-dividend) trading date is July 13, 2023.
Major Estimate Revision • Jun 08Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$30.1b to NT$29.4b. EPS estimate also fell from NT$3.79 per share to NT$3.03 per share. Net income forecast to shrink 65% next year vs 11% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$133 to NT$117. Share price fell 4.3% to NT$112 over the past week.
Price Target Changed • Jun 06Price target decreased by 14% to NT$117Down from NT$137, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of NT$118. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$3.78 for next year compared to NT$16.01 last year.
Major Estimate Revision • Jun 01Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$4.46 to NT$3.79 per share. Revenue forecast steady at NT$30.1b. Net income forecast to shrink 58% next year vs 9.2% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$137 to NT$133. Share price rose 4.0% to NT$117 over the past week.
Major Estimate Revision • May 04Consensus EPS estimates fall by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$35.3b to NT$34.0b. EPS estimate also fell from NT$8.12 per share to NT$5.57 per share. Net income forecast to shrink 65% next year vs 22% decline forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$139. Share price was steady at NT$108 over the past week.
Major Estimate Revision • Apr 14Consensus EPS estimates fall by 36%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$38.4b to NT$35.8b. EPS estimate also fell from NT$12.21 per share to NT$7.77 per share. Net income forecast to shrink 19% next year vs 22% decline forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$142. Share price was steady at NT$114 over the past week.
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: NT$15.74 (vs NT$8.56 in FY 2021)Full year 2022 results: EPS: NT$15.74 (up from NT$8.56 in FY 2021). Revenue: NT$41.6b (up 17% from FY 2021). Net income: NT$7.22b (up 87% from FY 2021). Profit margin: 17% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Feb 04Price target decreased by 9.5% to NT$146Down from NT$161, the current price target is an average from 13 analysts. New target price is 27% above last closing price of NT$115. Stock is down 43% over the past year. The company is forecast to post earnings per share of NT$16.30 for next year compared to NT$8.56 last year.
Price Target Changed • Jan 09Price target decreased to NT$161Down from NT$176, the current price target is an average from 13 analysts. New target price is 50% above last closing price of NT$108. Stock is down 48% over the past year. The company is forecast to post earnings per share of NT$16.50 for next year compared to NT$8.56 last year.
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$118, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 129% over the past three years.
공시 • Dec 08Kinsus Interconnect Technology Corp. Provides Revenue Guidance for 2023Kinsus Interconnect Technology Corp. provided revenue guidance for 2023. For the year company expects Revenue to increase by 10% to 15% compared to 2022.
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 Ming-Yu Lee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 02Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: NT$4.79 (up from NT$3.07 in 3Q 2021). Revenue: NT$11.5b (up 18% from 3Q 2021). Net income: NT$2.16b (up 56% from 3Q 2021). Profit margin: 19% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 6.5%. Revenue is forecast to grow 13% 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 119% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Sep 30Price target decreased to NT$180Down from NT$196, the current price target is an average from 13 analysts. New target price is 94% above last closing price of NT$93.00. Stock is down 54% over the past year. The company is forecast to post earnings per share of NT$16.44 for next year compared to NT$8.56 last year.
Price Target Changed • Aug 14Price target decreased to NT$209Down from NT$228, the current price target is an average from 12 analysts. New target price is 60% above last closing price of NT$131. Stock is down 25% over the past year. The company is forecast to post earnings per share of NT$17.07 for next year compared to NT$8.56 last year.
Reported Earnings • Aug 07Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$4.65 (up from NT$1.89 in 2Q 2021). Revenue: NT$11.5b (up 31% from 2Q 2021). Net income: NT$2.10b (up 146% from 2Q 2021). Profit margin: 18% (up from 9.8% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 18%, compared to a 21% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$124, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 262% over the past three years.
Upcoming Dividend • Jul 21Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.7%).
Price Target Changed • Jul 18Price target decreased to NT$228Down from NT$247, the current price target is an average from 15 analysts. New target price is 71% above last closing price of NT$134. Stock is down 28% over the past year. The company is forecast to post earnings per share of NT$15.04 for next year compared to NT$8.56 last year.
Price Target Changed • Jun 17Price target decreased to NT$257Down from NT$277, the current price target is an average from 15 analysts. New target price is 74% above last closing price of NT$148. Stock is up 19% over the past year. The company is forecast to post earnings per share of NT$14.53 for next year compared to NT$8.56 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Hui-Huang Wu was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Apr 26Kinsus Interconnect Technology Corp. Appoints Sih-Jheng Liao as Deputy CSO, Effective May 01, 2022Kinsus Interconnect Technology Corp. announced the appointment of Sih-Jheng Liao as Deputy CSO, Effective from May 01, 2022.