View Financial HealthRaydium Semiconductor 배당 및 자사주 매입배당 기준 점검 4/6Raydium Semiconductor 수익으로 충분히 충당되는 현재 수익률 5.5% 보유한 배당금 지급 회사입니다.핵심 정보5.5%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률5.5%배당 성장률16.0%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향80%최근 배당 및 자사주 매입 업데이트Declared Dividend • Jun 19Dividend increased to NT$22.20Dividend of NT$22.20 is 46% higher than last year. Ex-date: 3rd July 2025 Payment date: 30th July 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 29Raydium Semiconductor Corporation Approves Cash Dividend for 2024Raydium Semiconductor Corporation at its 2025 Annual Shareholders' Meeting held on May 28, 2025, approved the proposal for distribution of 2024 profits, and the cash dividends distributed in the amount of TWD 22.2 per share.분석 기사 • Jun 15Raydium Semiconductor (TWSE:3592) Is Reducing Its Dividend To NT$15.20Raydium Semiconductor Corporation ( TWSE:3592 ) has announced that on 29th of July, it will be paying a dividend...Declared Dividend • Jun 14Dividend reduced to NT$15.20Dividend of NT$15.20 is 63% lower than last year. Ex-date: 1st July 2024 Payment date: 29th July 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Jun 14Raydium Semiconductor Corporation Announces Cash Dividend, Payable on July 29, 2024Raydium Semiconductor Corporation announced the total amount of Cash dividend of TWD 1,152,999,435 or TWD 15.2 per share. Ex-rights (ex-dividend) trading date is July 1, 2024. Ex-rights (ex-dividend) record date is July 7, 2024. Payment date of common stock cash dividend distribution is July 29, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 12, 2024.Upcoming Dividend • Jun 22Upcoming dividend of NT$41.00 per share at 11% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 28 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%).모든 업데이트 보기Recent updatesNew Risk • May 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 8.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (314% cash payout ratio). Profit margins are more than 30% lower than last year (5.5% net profit margin).Reported Earnings • May 06First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$3.00 (down from NT$6.05 in 1Q 2025). Revenue: NT$5.44b (down 6.7% from 1Q 2025). Net income: NT$289.6m (down 37% from 1Q 2025). Profit margin: 5.3% (down from 7.9% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year.New Risk • Mar 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (31% accrual ratio). Minor Risk Dividend is not well covered by cash flows (216% cash payout ratio).공시 • Feb 25Raydium Semiconductor Corporation, Annual General Meeting, May 27, 2026Raydium Semiconductor Corporation, Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,1, kung yeh tung 2nd rd., east district hsinchu science park, hsinchu city TaiwanNew Risk • Feb 25New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 328% Earnings have declined by 14% per year over the past 5 years.Reported Earnings • Feb 25Full year 2025 earnings released: EPS: NT$18.24 (vs NT$27.67 in FY 2024)Full year 2025 results: EPS: NT$18.24 (down from NT$27.67 in FY 2024). Revenue: NT$22.4b (down 8.1% from FY 2024). Net income: NT$1.38b (down 34% from FY 2024). Profit margin: 6.2% (down from 8.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year.Price Target Changed • Jan 13Price target decreased by 8.9% to NT$292Down from NT$320, the current price target is an average from 2 analysts. New target price is 32% above last closing price of NT$221. Stock is down 43% over the past year. The company is forecast to post earnings per share of NT$18.57 for next year compared to NT$27.67 last year.Reported Earnings • Nov 06Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: NT$4.53 (down from NT$7.08 in 3Q 2024). Revenue: NT$5.43b (down 13% from 3Q 2024). Net income: NT$343.6m (down 36% from 3Q 2024). Profit margin: 6.3% (down from 8.7% in 3Q 2024). 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 108%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.New Risk • Nov 05New major risk - Revenue and earnings growthEarnings have declined by 5.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 98% Earnings have declined by 5.9% per year over the past 5 years.Major Estimate Revision • Aug 11Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$24.0b to NT$23.2b. EPS estimate also fell from NT$23.32 per share to NT$19.83 per share. Net income forecast to grow 4.8% next year vs 14% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$315. Share price fell 11% to NT$308 over the past week.Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: NT$3.50 (vs NT$7.80 in 2Q 2024)Second quarter 2025 results: EPS: NT$3.50 (down from NT$7.80 in 2Q 2024). Revenue: NT$5.85b (down 9.3% from 2Q 2024). Net income: NT$265.9m (down 55% from 2Q 2024). Profit margin: 4.5% (down from 9.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% 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 39% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Declared Dividend • Jun 19Dividend increased to NT$22.20Dividend of NT$22.20 is 46% higher than last year. Ex-date: 3rd July 2025 Payment date: 30th July 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 29Raydium Semiconductor Corporation Approves Cash Dividend for 2024Raydium Semiconductor Corporation at its 2025 Annual Shareholders' Meeting held on May 28, 2025, approved the proposal for distribution of 2024 profits, and the cash dividends distributed in the amount of TWD 22.2 per share.Major Estimate Revision • May 12Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$26.3b to NT$24.2b. EPS estimate also fell from NT$28.74 per share to NT$24.01 per share. Net income forecast to shrink 3.9% next year vs 17% growth forecast for Semiconductor industry in Taiwan . Consensus price target down from NT$370 to NT$328. Share price rose 3.6% to NT$333 over the past week.Price Target Changed • May 09Price target decreased by 8.3% to NT$339Down from NT$370, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$326. Stock is down 22% over the past year. The company is forecast to post earnings per share of NT$28.32 for next year compared to NT$27.67 last year.Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: NT$6.05 (down from NT$7.28 in 1Q 2024). Revenue: NT$5.83b (down 3.5% from 1Q 2024). Net income: NT$459.1m (down 17% from 1Q 2024). Profit margin: 7.9% (down from 9.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$278, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total loss to shareholders of 22% over the past three years.분석 기사 • Mar 31We Think Raydium Semiconductor (TWSE:3592) Can Manage Its Debt With EaseSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Mar 15Raydium Semiconductor Corporation (TWSE:3592) Shares Could Be 39% Below Their Intrinsic Value EstimateKey Insights The projected fair value for Raydium Semiconductor is NT$612 based on 2 Stage Free Cash Flow to Equity...Reported Earnings • Feb 27Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$27.67 (up from NT$19.02 in FY 2023). Revenue: NT$24.4b (up 33% from FY 2023). Net income: NT$2.10b (up 46% from FY 2023). Profit margin: 8.6% (up from 7.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.공시 • Feb 26Raydium Semiconductor Corporation, Annual General Meeting, May 28, 2025Raydium Semiconductor Corporation, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,1, kung yeh tung 2nd rd., east district hsinchu science park, hsinchu city Taiwan공시 • Feb 18Raydium Semiconductor Corporation to Report Fiscal Year 2024 Results on Feb 25, 2025Raydium Semiconductor Corporation announced that they will report fiscal year 2024 results on Feb 25, 2025분석 기사 • Jan 17Raydium Semiconductor (TWSE:3592) Hasn't Managed To Accelerate Its ReturnsIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...분석 기사 • Nov 18Raydium Semiconductor's (TWSE:3592) Strong Earnings Are Of Good QualityRaydium Semiconductor Corporation ( TWSE:3592 ) just reported healthy earnings but the stock price didn't move much. We...분석 기사 • Nov 10Raydium Semiconductor Corporation (TWSE:3592) Third-Quarter Results: Here's What Analysts Are Forecasting For Next YearLast week saw the newest quarterly earnings release from Raydium Semiconductor Corporation ( TWSE:3592 ), an important...Reported Earnings • Nov 07Third quarter 2024 earnings: EPS in line with expectations, revenues disappointThird quarter 2024 results: EPS: NT$7.08 (up from NT$5.82 in 3Q 2023). Revenue: NT$6.20b (up 24% from 3Q 2023). Net income: NT$537.2m (up 22% from 3Q 2023). Profit margin: 8.7% (down from 8.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% 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 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공시 • Oct 29Raydium Semiconductor Corporation to Report Q3, 2024 Results on Nov 05, 2024Raydium Semiconductor Corporation announced that they will report Q3, 2024 results on Nov 05, 2024분석 기사 • Sep 04Raydium Semiconductor (TWSE:3592) Could Easily Take On More DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Aug 12Raydium Semiconductor Corporation Just Recorded A 8.6% EPS Beat: Here's What Analysts Are Forecasting NextLast week, you might have seen that Raydium Semiconductor Corporation ( TWSE:3592 ) released its quarterly result to...Reported Earnings • Aug 10Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$7.80 (up from NT$5.55 in 2Q 2023). Revenue: NT$6.45b (up 36% from 2Q 2023). Net income: NT$591.4m (up 41% from 2Q 2023). Profit margin: 9.2% (up from 8.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Revenue is forecast to grow 12% 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 36% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Price Target Changed • Aug 09Price target decreased by 7.3% to NT$446Down from NT$481, the current price target is an average from 5 analysts. New target price is 31% above last closing price of NT$342. Stock is up 5.9% over the past year. The company is forecast to post earnings per share of NT$29.64 for next year compared to NT$19.02 last year.분석 기사 • Aug 07Why Raydium Semiconductor Corporation (TWSE:3592) Could Be Worth WatchingWhile Raydium Semiconductor Corporation ( TWSE:3592 ) might not have the largest market cap around , it received a lot...공시 • Jul 30Raydium Semiconductor Corporation to Report Q2, 2024 Results on Aug 06, 2024Raydium Semiconductor Corporation announced that they will report Q2, 2024 results on Aug 06, 2024분석 기사 • Jun 15Raydium Semiconductor (TWSE:3592) Is Reducing Its Dividend To NT$15.20Raydium Semiconductor Corporation ( TWSE:3592 ) has announced that on 29th of July, it will be paying a dividend...Declared Dividend • Jun 14Dividend reduced to NT$15.20Dividend of NT$15.20 is 63% lower than last year. Ex-date: 1st July 2024 Payment date: 29th July 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Jun 14Raydium Semiconductor Corporation Announces Cash Dividend, Payable on July 29, 2024Raydium Semiconductor Corporation announced the total amount of Cash dividend of TWD 1,152,999,435 or TWD 15.2 per share. Ex-rights (ex-dividend) trading date is July 1, 2024. Ex-rights (ex-dividend) record date is July 7, 2024. Payment date of common stock cash dividend distribution is July 29, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 12, 2024.Reported Earnings • May 11First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$7.28 (up from NT$2.21 in 1Q 2023). Revenue: NT$6.04b (up 65% from 1Q 2023). Net income: NT$552.5m (up 229% from 1Q 2023). Profit margin: 9.2% (up from 4.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 14% 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 24% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.분석 기사 • May 08Raydium Semiconductor Corporation's (TWSE:3592) Intrinsic Value Is Potentially 22% Below Its Share PriceKey Insights Raydium Semiconductor's estimated fair value is NT$355 based on 2 Stage Free Cash Flow to Equity Current...공시 • May 01Raydium Semiconductor Corporation to Report Q1, 2024 Results on May 07, 2024Raydium Semiconductor Corporation announced that they will report Q1, 2024 results on May 07, 2024Buy Or Sell Opportunity • Apr 29Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to NT$432. The fair value is estimated to be NT$357, however this is not to be taken as a sell 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 7.9%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.Buy Or Sell Opportunity • Apr 24Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to NT$432. The fair value is estimated to be NT$358, however this is not to be taken as a sell 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 7.9%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.분석 기사 • Mar 04Raydium Semiconductor Corporation's (TWSE:3592) 25% Jump Shows Its Popularity With InvestorsRaydium Semiconductor Corporation ( TWSE:3592 ) shares have had a really impressive month, gaining 25% after a shaky...분석 기사 • Mar 03News Flash: Analysts Just Made A Substantial Upgrade To Their Raydium Semiconductor Corporation (TWSE:3592) ForecastsRaydium Semiconductor Corporation ( TWSE:3592 ) shareholders will have a reason to smile today, with the analysts...분석 기사 • Mar 02Earnings Update: Raydium Semiconductor Corporation (TWSE:3592) Just Reported And Analysts Are Boosting Their EstimatesInvestors in Raydium Semiconductor Corporation ( TWSE:3592 ) had a good week, as its shares rose 3.6% to close at...Buy Or Sell Opportunity • Mar 01Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$477. The fair value is estimated to be NT$391, however this is not to be taken as a sell 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 7.9%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 90% in the next 2 years.Reported Earnings • Feb 28Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$19.02 (down from NT$51.23 in FY 2022). Revenue: NT$18.3b (down 20% from FY 2022). Net income: NT$1.44b (down 63% from FY 2022). Profit margin: 7.9% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공시 • Feb 27Raydium Semiconductor Corporation, Annual General Meeting, May 29, 2024Raydium Semiconductor Corporation, Annual General Meeting, May 29, 2024. Location: Conference Room, No. 1, Gongye E. 2nd Rd., East Dist Hsinchu Science Park Hsinchu City Taiwan Agenda: To consider the 2023 Business Report; to consider the 2023 Audit Committee's Review Report; to consider the 2023 Distribution of Employee Compensation and Director remuneration; to consider the 2023 Earnings Distribution of Cash Dividends; to consider the cause for convening the meeting (2)Acknowledged matters: 2023 Business Report and Financial Statements and 2023 Earnings Distribution; Cause for convening the meeting Matters for Discussion: Amendment to the Procedures for Acquisition or Disposal of Assets; and to consider the other resolutions.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$436, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 45% over the past three years.공시 • Jan 06Raydium Semiconductor Corporation Appoints Alex Yuan as Information Technology Principal, Effective January 8, 2024Raydium Semiconductor Corporation appointed Alex Yuan as Information Technology Principal, effective January 8, 2024.New Risk • Nov 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 218% Cash payout ratio: 377% High level of non-cash earnings (33% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (8.1% net profit margin).Major Estimate Revision • Nov 10Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$16.56 to NT$18.36. Revenue forecast steady at NT$18.2b. Net income forecast to grow 1.2% next year vs 11% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$300 to NT$330. Share price rose 5.2% to NT$393 over the past week.Price Target Changed • Aug 19Price target decreased by 9.1% to NT$300Down from NT$330, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$297. Stock is up 4.2% over the past year. The company is forecast to post earnings per share of NT$16.56 for next year compared to NT$51.23 last year.Major Estimate Revision • Aug 15Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$18.5b to NT$18.2b. EPS estimate also fell from NT$21.53 per share to NT$16.26 per share. Net income forecast to shrink 1.4% next year vs 0.7% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$330 to NT$320. Share price fell 3.1% to NT$314 over the past week.Reported Earnings • Aug 09Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$5.55 (down from NT$17.85 in 2Q 2022). Revenue: NT$4.75b (down 32% from 2Q 2022). Net income: NT$420.8m (down 69% from 2Q 2022). Profit margin: 8.9% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 14% 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 31% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.03% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 126% Cash payout ratio: 119% Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin).Upcoming Dividend • Jun 22Upcoming dividend of NT$41.00 per share at 11% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 28 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%).Price Target Changed • May 13Price target decreased by 7.4% to NT$343Down from NT$370, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$337. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$21.17 for next year compared to NT$51.23 last year.Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$374, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 426% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$242 per share.Price Target Changed • Mar 03Price target increased by 13% to NT$340Up from NT$300, the current price target is an average from 2 analysts. New target price is 17% below last closing price of NT$412. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$23.10 for next year compared to NT$51.23 last year.Reported Earnings • Feb 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$51.23 (down from NT$65.09 in FY 2021). Revenue: NT$22.8b (down 8.1% from FY 2021). Net income: NT$3.86b (down 10.0% from FY 2021). Profit margin: 17% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in Taiwan are expected to grow by 8.2%. Over the last 3 years on average, earnings per share has increased by 65% per year and the company’s share price has also increased by 65% per year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 11Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$7.28 (down from NT$19.04 in 3Q 2021). Revenue: NT$3.90b (down 42% from 3Q 2021). Net income: NT$550.5m (down 56% from 3Q 2021). Profit margin: 14% (down from 19% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 102%. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Semiconductor industry in Taiwan are expected to grow by 9.7%. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$246, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 238% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$232 per share.Price Target Changed • Sep 29Price target decreased to NT$255Down from NT$433, the current price target is an average from 2 analysts. New target price is 20% above last closing price of NT$213. Stock is down 43% over the past year. The company is forecast to post earnings per share of NT$47.16 for next year compared to NT$65.09 last year.Buying Opportunity • Sep 01Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 47%. The fair value is estimated to be NT$338, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 80%. Revenue is forecast to decline by 2.2% in 2 years. Earnings is forecast to decline by 30% in the next 2 years.Reported Earnings • Aug 13Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: NT$17.84 (up from NT$16.77 in 2Q 2021). Revenue: NT$7.02b (up 13% from 2Q 2021). Net income: NT$1.34b (up 22% from 2Q 2021). Profit margin: 19% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates by 13%. Over the next year, revenue is expected to shrink by 8.1% compared to a 20% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Aug 12Consensus revenue estimates fall by 12%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$28.0b to NT$24.7b. EPS estimate fell from NT$57.96 to NT$46.10 per share. Net income forecast to shrink 31% next year vs 2.0% growth forecast for Semiconductor industry in Taiwan . Consensus price target down from NT$485 to NT$433. Share price rose 7.0% to NT$274 over the past week.Price Target Changed • Aug 12Price target decreased to NT$433Down from NT$485, the current price target is an average from 3 analysts. New target price is 58% above last closing price of NT$274. Stock is down 32% over the past year. The company is forecast to post earnings per share of NT$46.10 for next year compared to NT$65.09 last year.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to NT$280, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total returns to shareholders of 312% over the past three years.Major Estimate Revision • Jul 04Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$29.9b to NT$28.6b. EPS estimate also fell from NT$70.29 per share to NT$60.80 per share. Net income forecast to shrink 11% next year vs 12% growth forecast for Semiconductor industry in Taiwan . Consensus price target down from NT$720 to NT$527. Share price fell 23% to NT$296 over the past week.Price Target Changed • Jun 28Price target decreased to NT$657Down from NT$733, the current price target is an average from 3 analysts. New target price is 77% above last closing price of NT$371. Stock is up 3.6% over the past year. The company is forecast to post earnings per share of NT$67.57 for next year compared to NT$65.09 last year.Upcoming Dividend • Jun 27Upcoming dividend of NT$45.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.6%).Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$380, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 405% over the past three years.Reported Earnings • May 17First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$21.05 (up from NT$13.96 in 1Q 2021). Revenue: NT$7.70b (up 35% from 1Q 2021). Net income: NT$1.58b (up 72% from 1Q 2021). Profit margin: 21% (up from 16% in 1Q 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 5.3%. Over the next year, revenue is forecast to grow 12%, compared to a 23% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 79% per year whereas the company’s share price has increased by 81% per year.Price Target Changed • Apr 27Price target decreased to NT$733Down from NT$792, the current price target is an average from 3 analysts. New target price is 54% above last closing price of NT$475. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of NT$70.56 for next year compared to NT$65.09 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Apr 21Price target decreased to NT$733Down from NT$792, the current price target is an average from 3 analysts. New target price is 53% above last closing price of NT$480. Stock is up 7.9% over the past year. The company is forecast to post earnings per share of NT$70.56 for next year compared to NT$65.09 last year.Reported Earnings • Mar 01Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$65.09 (up from NT$13.12 in FY 2020). Revenue: NT$24.8b (up 72% from FY 2020). Net income: NT$4.29b (up 401% from FY 2020). Profit margin: 17% (up from 5.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 16%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 26Raydium Semiconductor Corporation, Annual General Meeting, May 30, 2022Raydium Semiconductor Corporation, Annual General Meeting, May 30, 2022.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$655, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 968% over the past three years.Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$545, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 994% over the past three years.Valuation Update With 7 Day Price Move • Nov 18Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$494, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 911% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$19.04 (vs NT$4.53 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$6.74b (up 67% from 3Q 2020). Net income: NT$1.26b (up 323% from 3Q 2020). Profit margin: 19% (up from 7.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 28Upcoming dividend of NT$10.50 per shareEligible shareholders must have bought the stock before 05 July 2021. Payment date: 30 July 2021. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.2%).Valuation Update With 7 Day Price Move • May 06Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$390, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 775% over the past three years.분석 기사 • Apr 23Why The 23% Return On Capital At Raydium Semiconductor (GTSM:3592) Should Have Your AttentionThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$487, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 998% over the past three years.Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$13.12 (vs NT$10.34 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$14.4b (up 3.5% from FY 2019). Net income: NT$856.6m (up 27% from FY 2019). Profit margin: 5.9% (up from 4.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 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 • Mar 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$400, the stock trades at a trailing P/E ratio of 45.9x, up from the previous P/E ratio of 39.2x. Average P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 791%.분석 기사 • Mar 12Factors Income Investors Should Consider Before Adding Raydium Semiconductor Corporation (GTSM:3592) To Their PortfolioCould Raydium Semiconductor Corporation ( GTSM:3592 ) be an attractive dividend share to own for the long haul...공시 • Mar 11Raydium Semiconductor Corporation, Annual General Meeting, May 31, 2021Raydium Semiconductor Corporation, Annual General Meeting, May 31, 2021.Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improved over the past weekAfter last week's 61% share price gain to NT$388, the stock is trading at a trailing P/E ratio of 44.5x, up from the previous P/E ratio of 27.7x. This compares to an average P/E of 27x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 767%.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$210, the stock is trading at a trailing P/E ratio of 24.1x, up from the previous P/E ratio of 20.4x. This compares to an average P/E of 25x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 374%.Is New 90 Day High Low • Jan 25New 90-day high: NT$179The company is up 102% from its price of NT$88.20 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 43% over the same period.분석 기사 • Jan 24Raydium Semiconductor (GTSM:3592) Has Rewarded Shareholders With An Exceptional 581% Total Return On Their InvestmentWe think all investors should try to buy and hold high quality multi-year winners. While the best companies are hard to...Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$164, the stock is trading at a trailing P/E ratio of 18.8x, up from the previous P/E ratio of 16.1x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 261%.분석 기사 • Jan 02Returns On Capital - An Important Metric For Raydium Semiconductor (GTSM:3592)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Valuation Update With 7 Day Price Move • Dec 25Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$117, the stock is trading at a trailing P/E ratio of 13.4x, up from the previous P/E ratio of 10.9x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 164%.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 3592 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 3592 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Raydium Semiconductor 배당 수익률 vs 시장3592의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (3592)5.5%시장 하위 25% (TW)1.4%시장 상위 25% (TW)5.0%업계 평균 (Semiconductor)1.1%분석가 예측 (3592) (최대 3년)5.5%주목할만한 배당금: 3592 의 배당금( 5.5% )은 TW 시장에서 배당금 지급자의 하위 25%( 1.42% )보다 높습니다.고배당: 3592 의 배당금( 5.5% )은 TW 시장( 5% )주주 대상 이익 배당수익 보장: 현재 지불 비율 ( 80.1% )에서 3592 의 지불은 수입으로 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 313.6% )이 높기 때문에 3592 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 16:24종가2026/05/22 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 소스Raydium Semiconductor Corporation는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullKGI Securities Co. Ltd.Yucheng LiuKGI Securities Co. Ltd.Chun-Yao FeiSinoPac Securities Investment Service
Declared Dividend • Jun 19Dividend increased to NT$22.20Dividend of NT$22.20 is 46% higher than last year. Ex-date: 3rd July 2025 Payment date: 30th July 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 29Raydium Semiconductor Corporation Approves Cash Dividend for 2024Raydium Semiconductor Corporation at its 2025 Annual Shareholders' Meeting held on May 28, 2025, approved the proposal for distribution of 2024 profits, and the cash dividends distributed in the amount of TWD 22.2 per share.
분석 기사 • Jun 15Raydium Semiconductor (TWSE:3592) Is Reducing Its Dividend To NT$15.20Raydium Semiconductor Corporation ( TWSE:3592 ) has announced that on 29th of July, it will be paying a dividend...
Declared Dividend • Jun 14Dividend reduced to NT$15.20Dividend of NT$15.20 is 63% lower than last year. Ex-date: 1st July 2024 Payment date: 29th July 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jun 14Raydium Semiconductor Corporation Announces Cash Dividend, Payable on July 29, 2024Raydium Semiconductor Corporation announced the total amount of Cash dividend of TWD 1,152,999,435 or TWD 15.2 per share. Ex-rights (ex-dividend) trading date is July 1, 2024. Ex-rights (ex-dividend) record date is July 7, 2024. Payment date of common stock cash dividend distribution is July 29, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 12, 2024.
Upcoming Dividend • Jun 22Upcoming dividend of NT$41.00 per share at 11% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 28 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%).
New Risk • May 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 8.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (314% cash payout ratio). Profit margins are more than 30% lower than last year (5.5% net profit margin).
Reported Earnings • May 06First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$3.00 (down from NT$6.05 in 1Q 2025). Revenue: NT$5.44b (down 6.7% from 1Q 2025). Net income: NT$289.6m (down 37% from 1Q 2025). Profit margin: 5.3% (down from 7.9% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year.
New Risk • Mar 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (31% accrual ratio). Minor Risk Dividend is not well covered by cash flows (216% cash payout ratio).
공시 • Feb 25Raydium Semiconductor Corporation, Annual General Meeting, May 27, 2026Raydium Semiconductor Corporation, Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,1, kung yeh tung 2nd rd., east district hsinchu science park, hsinchu city Taiwan
New Risk • Feb 25New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 328% Earnings have declined by 14% per year over the past 5 years.
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: NT$18.24 (vs NT$27.67 in FY 2024)Full year 2025 results: EPS: NT$18.24 (down from NT$27.67 in FY 2024). Revenue: NT$22.4b (down 8.1% from FY 2024). Net income: NT$1.38b (down 34% from FY 2024). Profit margin: 6.2% (down from 8.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year.
Price Target Changed • Jan 13Price target decreased by 8.9% to NT$292Down from NT$320, the current price target is an average from 2 analysts. New target price is 32% above last closing price of NT$221. Stock is down 43% over the past year. The company is forecast to post earnings per share of NT$18.57 for next year compared to NT$27.67 last year.
Reported Earnings • Nov 06Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: NT$4.53 (down from NT$7.08 in 3Q 2024). Revenue: NT$5.43b (down 13% from 3Q 2024). Net income: NT$343.6m (down 36% from 3Q 2024). Profit margin: 6.3% (down from 8.7% in 3Q 2024). 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 108%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
New Risk • Nov 05New major risk - Revenue and earnings growthEarnings have declined by 5.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 98% Earnings have declined by 5.9% per year over the past 5 years.
Major Estimate Revision • Aug 11Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$24.0b to NT$23.2b. EPS estimate also fell from NT$23.32 per share to NT$19.83 per share. Net income forecast to grow 4.8% next year vs 14% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$315. Share price fell 11% to NT$308 over the past week.
Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: NT$3.50 (vs NT$7.80 in 2Q 2024)Second quarter 2025 results: EPS: NT$3.50 (down from NT$7.80 in 2Q 2024). Revenue: NT$5.85b (down 9.3% from 2Q 2024). Net income: NT$265.9m (down 55% from 2Q 2024). Profit margin: 4.5% (down from 9.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% 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 39% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Declared Dividend • Jun 19Dividend increased to NT$22.20Dividend of NT$22.20 is 46% higher than last year. Ex-date: 3rd July 2025 Payment date: 30th July 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 29Raydium Semiconductor Corporation Approves Cash Dividend for 2024Raydium Semiconductor Corporation at its 2025 Annual Shareholders' Meeting held on May 28, 2025, approved the proposal for distribution of 2024 profits, and the cash dividends distributed in the amount of TWD 22.2 per share.
Major Estimate Revision • May 12Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$26.3b to NT$24.2b. EPS estimate also fell from NT$28.74 per share to NT$24.01 per share. Net income forecast to shrink 3.9% next year vs 17% growth forecast for Semiconductor industry in Taiwan . Consensus price target down from NT$370 to NT$328. Share price rose 3.6% to NT$333 over the past week.
Price Target Changed • May 09Price target decreased by 8.3% to NT$339Down from NT$370, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$326. Stock is down 22% over the past year. The company is forecast to post earnings per share of NT$28.32 for next year compared to NT$27.67 last year.
Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: NT$6.05 (down from NT$7.28 in 1Q 2024). Revenue: NT$5.83b (down 3.5% from 1Q 2024). Net income: NT$459.1m (down 17% from 1Q 2024). Profit margin: 7.9% (down from 9.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$278, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total loss to shareholders of 22% over the past three years.
분석 기사 • Mar 31We Think Raydium Semiconductor (TWSE:3592) Can Manage Its Debt With EaseSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Mar 15Raydium Semiconductor Corporation (TWSE:3592) Shares Could Be 39% Below Their Intrinsic Value EstimateKey Insights The projected fair value for Raydium Semiconductor is NT$612 based on 2 Stage Free Cash Flow to Equity...
Reported Earnings • Feb 27Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$27.67 (up from NT$19.02 in FY 2023). Revenue: NT$24.4b (up 33% from FY 2023). Net income: NT$2.10b (up 46% from FY 2023). Profit margin: 8.6% (up from 7.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
공시 • Feb 26Raydium Semiconductor Corporation, Annual General Meeting, May 28, 2025Raydium Semiconductor Corporation, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,1, kung yeh tung 2nd rd., east district hsinchu science park, hsinchu city Taiwan
공시 • Feb 18Raydium Semiconductor Corporation to Report Fiscal Year 2024 Results on Feb 25, 2025Raydium Semiconductor Corporation announced that they will report fiscal year 2024 results on Feb 25, 2025
분석 기사 • Jan 17Raydium Semiconductor (TWSE:3592) Hasn't Managed To Accelerate Its ReturnsIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
분석 기사 • Nov 18Raydium Semiconductor's (TWSE:3592) Strong Earnings Are Of Good QualityRaydium Semiconductor Corporation ( TWSE:3592 ) just reported healthy earnings but the stock price didn't move much. We...
분석 기사 • Nov 10Raydium Semiconductor Corporation (TWSE:3592) Third-Quarter Results: Here's What Analysts Are Forecasting For Next YearLast week saw the newest quarterly earnings release from Raydium Semiconductor Corporation ( TWSE:3592 ), an important...
Reported Earnings • Nov 07Third quarter 2024 earnings: EPS in line with expectations, revenues disappointThird quarter 2024 results: EPS: NT$7.08 (up from NT$5.82 in 3Q 2023). Revenue: NT$6.20b (up 24% from 3Q 2023). Net income: NT$537.2m (up 22% from 3Q 2023). Profit margin: 8.7% (down from 8.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% 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 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공시 • Oct 29Raydium Semiconductor Corporation to Report Q3, 2024 Results on Nov 05, 2024Raydium Semiconductor Corporation announced that they will report Q3, 2024 results on Nov 05, 2024
분석 기사 • Sep 04Raydium Semiconductor (TWSE:3592) Could Easily Take On More DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Aug 12Raydium Semiconductor Corporation Just Recorded A 8.6% EPS Beat: Here's What Analysts Are Forecasting NextLast week, you might have seen that Raydium Semiconductor Corporation ( TWSE:3592 ) released its quarterly result to...
Reported Earnings • Aug 10Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$7.80 (up from NT$5.55 in 2Q 2023). Revenue: NT$6.45b (up 36% from 2Q 2023). Net income: NT$591.4m (up 41% from 2Q 2023). Profit margin: 9.2% (up from 8.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Revenue is forecast to grow 12% 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 36% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Price Target Changed • Aug 09Price target decreased by 7.3% to NT$446Down from NT$481, the current price target is an average from 5 analysts. New target price is 31% above last closing price of NT$342. Stock is up 5.9% over the past year. The company is forecast to post earnings per share of NT$29.64 for next year compared to NT$19.02 last year.
분석 기사 • Aug 07Why Raydium Semiconductor Corporation (TWSE:3592) Could Be Worth WatchingWhile Raydium Semiconductor Corporation ( TWSE:3592 ) might not have the largest market cap around , it received a lot...
공시 • Jul 30Raydium Semiconductor Corporation to Report Q2, 2024 Results on Aug 06, 2024Raydium Semiconductor Corporation announced that they will report Q2, 2024 results on Aug 06, 2024
분석 기사 • Jun 15Raydium Semiconductor (TWSE:3592) Is Reducing Its Dividend To NT$15.20Raydium Semiconductor Corporation ( TWSE:3592 ) has announced that on 29th of July, it will be paying a dividend...
Declared Dividend • Jun 14Dividend reduced to NT$15.20Dividend of NT$15.20 is 63% lower than last year. Ex-date: 1st July 2024 Payment date: 29th July 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jun 14Raydium Semiconductor Corporation Announces Cash Dividend, Payable on July 29, 2024Raydium Semiconductor Corporation announced the total amount of Cash dividend of TWD 1,152,999,435 or TWD 15.2 per share. Ex-rights (ex-dividend) trading date is July 1, 2024. Ex-rights (ex-dividend) record date is July 7, 2024. Payment date of common stock cash dividend distribution is July 29, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 12, 2024.
Reported Earnings • May 11First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$7.28 (up from NT$2.21 in 1Q 2023). Revenue: NT$6.04b (up 65% from 1Q 2023). Net income: NT$552.5m (up 229% from 1Q 2023). Profit margin: 9.2% (up from 4.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 14% 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 24% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
분석 기사 • May 08Raydium Semiconductor Corporation's (TWSE:3592) Intrinsic Value Is Potentially 22% Below Its Share PriceKey Insights Raydium Semiconductor's estimated fair value is NT$355 based on 2 Stage Free Cash Flow to Equity Current...
공시 • May 01Raydium Semiconductor Corporation to Report Q1, 2024 Results on May 07, 2024Raydium Semiconductor Corporation announced that they will report Q1, 2024 results on May 07, 2024
Buy Or Sell Opportunity • Apr 29Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to NT$432. The fair value is estimated to be NT$357, however this is not to be taken as a sell 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 7.9%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.
Buy Or Sell Opportunity • Apr 24Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to NT$432. The fair value is estimated to be NT$358, however this is not to be taken as a sell 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 7.9%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.
분석 기사 • Mar 04Raydium Semiconductor Corporation's (TWSE:3592) 25% Jump Shows Its Popularity With InvestorsRaydium Semiconductor Corporation ( TWSE:3592 ) shares have had a really impressive month, gaining 25% after a shaky...
분석 기사 • Mar 03News Flash: Analysts Just Made A Substantial Upgrade To Their Raydium Semiconductor Corporation (TWSE:3592) ForecastsRaydium Semiconductor Corporation ( TWSE:3592 ) shareholders will have a reason to smile today, with the analysts...
분석 기사 • Mar 02Earnings Update: Raydium Semiconductor Corporation (TWSE:3592) Just Reported And Analysts Are Boosting Their EstimatesInvestors in Raydium Semiconductor Corporation ( TWSE:3592 ) had a good week, as its shares rose 3.6% to close at...
Buy Or Sell Opportunity • Mar 01Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$477. The fair value is estimated to be NT$391, however this is not to be taken as a sell 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 7.9%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 90% in the next 2 years.
Reported Earnings • Feb 28Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$19.02 (down from NT$51.23 in FY 2022). Revenue: NT$18.3b (down 20% from FY 2022). Net income: NT$1.44b (down 63% from FY 2022). Profit margin: 7.9% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공시 • Feb 27Raydium Semiconductor Corporation, Annual General Meeting, May 29, 2024Raydium Semiconductor Corporation, Annual General Meeting, May 29, 2024. Location: Conference Room, No. 1, Gongye E. 2nd Rd., East Dist Hsinchu Science Park Hsinchu City Taiwan Agenda: To consider the 2023 Business Report; to consider the 2023 Audit Committee's Review Report; to consider the 2023 Distribution of Employee Compensation and Director remuneration; to consider the 2023 Earnings Distribution of Cash Dividends; to consider the cause for convening the meeting (2)Acknowledged matters: 2023 Business Report and Financial Statements and 2023 Earnings Distribution; Cause for convening the meeting Matters for Discussion: Amendment to the Procedures for Acquisition or Disposal of Assets; and to consider the other resolutions.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$436, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 45% over the past three years.
공시 • Jan 06Raydium Semiconductor Corporation Appoints Alex Yuan as Information Technology Principal, Effective January 8, 2024Raydium Semiconductor Corporation appointed Alex Yuan as Information Technology Principal, effective January 8, 2024.
New Risk • Nov 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 218% Cash payout ratio: 377% High level of non-cash earnings (33% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (8.1% net profit margin).
Major Estimate Revision • Nov 10Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$16.56 to NT$18.36. Revenue forecast steady at NT$18.2b. Net income forecast to grow 1.2% next year vs 11% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$300 to NT$330. Share price rose 5.2% to NT$393 over the past week.
Price Target Changed • Aug 19Price target decreased by 9.1% to NT$300Down from NT$330, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$297. Stock is up 4.2% over the past year. The company is forecast to post earnings per share of NT$16.56 for next year compared to NT$51.23 last year.
Major Estimate Revision • Aug 15Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$18.5b to NT$18.2b. EPS estimate also fell from NT$21.53 per share to NT$16.26 per share. Net income forecast to shrink 1.4% next year vs 0.7% decline forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$330 to NT$320. Share price fell 3.1% to NT$314 over the past week.
Reported Earnings • Aug 09Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$5.55 (down from NT$17.85 in 2Q 2022). Revenue: NT$4.75b (down 32% from 2Q 2022). Net income: NT$420.8m (down 69% from 2Q 2022). Profit margin: 8.9% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 14% 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 31% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.03% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 126% Cash payout ratio: 119% Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin).
Upcoming Dividend • Jun 22Upcoming dividend of NT$41.00 per share at 11% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 28 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%).
Price Target Changed • May 13Price target decreased by 7.4% to NT$343Down from NT$370, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$337. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$21.17 for next year compared to NT$51.23 last year.
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$374, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 426% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$242 per share.
Price Target Changed • Mar 03Price target increased by 13% to NT$340Up from NT$300, the current price target is an average from 2 analysts. New target price is 17% below last closing price of NT$412. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$23.10 for next year compared to NT$51.23 last year.
Reported Earnings • Feb 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$51.23 (down from NT$65.09 in FY 2021). Revenue: NT$22.8b (down 8.1% from FY 2021). Net income: NT$3.86b (down 10.0% from FY 2021). Profit margin: 17% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in Taiwan are expected to grow by 8.2%. Over the last 3 years on average, earnings per share has increased by 65% per year and the company’s share price has also increased by 65% per year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 11Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$7.28 (down from NT$19.04 in 3Q 2021). Revenue: NT$3.90b (down 42% from 3Q 2021). Net income: NT$550.5m (down 56% from 3Q 2021). Profit margin: 14% (down from 19% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 102%. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Semiconductor industry in Taiwan are expected to grow by 9.7%. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$246, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 238% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$232 per share.
Price Target Changed • Sep 29Price target decreased to NT$255Down from NT$433, the current price target is an average from 2 analysts. New target price is 20% above last closing price of NT$213. Stock is down 43% over the past year. The company is forecast to post earnings per share of NT$47.16 for next year compared to NT$65.09 last year.
Buying Opportunity • Sep 01Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 47%. The fair value is estimated to be NT$338, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 80%. Revenue is forecast to decline by 2.2% in 2 years. Earnings is forecast to decline by 30% in the next 2 years.
Reported Earnings • Aug 13Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: NT$17.84 (up from NT$16.77 in 2Q 2021). Revenue: NT$7.02b (up 13% from 2Q 2021). Net income: NT$1.34b (up 22% from 2Q 2021). Profit margin: 19% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates by 13%. Over the next year, revenue is expected to shrink by 8.1% compared to a 20% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Aug 12Consensus revenue estimates fall by 12%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$28.0b to NT$24.7b. EPS estimate fell from NT$57.96 to NT$46.10 per share. Net income forecast to shrink 31% next year vs 2.0% growth forecast for Semiconductor industry in Taiwan . Consensus price target down from NT$485 to NT$433. Share price rose 7.0% to NT$274 over the past week.
Price Target Changed • Aug 12Price target decreased to NT$433Down from NT$485, the current price target is an average from 3 analysts. New target price is 58% above last closing price of NT$274. Stock is down 32% over the past year. The company is forecast to post earnings per share of NT$46.10 for next year compared to NT$65.09 last year.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to NT$280, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Semiconductor industry in Taiwan. Total returns to shareholders of 312% over the past three years.
Major Estimate Revision • Jul 04Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$29.9b to NT$28.6b. EPS estimate also fell from NT$70.29 per share to NT$60.80 per share. Net income forecast to shrink 11% next year vs 12% growth forecast for Semiconductor industry in Taiwan . Consensus price target down from NT$720 to NT$527. Share price fell 23% to NT$296 over the past week.
Price Target Changed • Jun 28Price target decreased to NT$657Down from NT$733, the current price target is an average from 3 analysts. New target price is 77% above last closing price of NT$371. Stock is up 3.6% over the past year. The company is forecast to post earnings per share of NT$67.57 for next year compared to NT$65.09 last year.
Upcoming Dividend • Jun 27Upcoming dividend of NT$45.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.6%).
Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$380, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 405% over the past three years.
Reported Earnings • May 17First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$21.05 (up from NT$13.96 in 1Q 2021). Revenue: NT$7.70b (up 35% from 1Q 2021). Net income: NT$1.58b (up 72% from 1Q 2021). Profit margin: 21% (up from 16% in 1Q 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 5.3%. Over the next year, revenue is forecast to grow 12%, compared to a 23% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 79% per year whereas the company’s share price has increased by 81% per year.
Price Target Changed • Apr 27Price target decreased to NT$733Down from NT$792, the current price target is an average from 3 analysts. New target price is 54% above last closing price of NT$475. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of NT$70.56 for next year compared to NT$65.09 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Apr 21Price target decreased to NT$733Down from NT$792, the current price target is an average from 3 analysts. New target price is 53% above last closing price of NT$480. Stock is up 7.9% over the past year. The company is forecast to post earnings per share of NT$70.56 for next year compared to NT$65.09 last year.
Reported Earnings • Mar 01Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$65.09 (up from NT$13.12 in FY 2020). Revenue: NT$24.8b (up 72% from FY 2020). Net income: NT$4.29b (up 401% from FY 2020). Profit margin: 17% (up from 5.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 16%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 26Raydium Semiconductor Corporation, Annual General Meeting, May 30, 2022Raydium Semiconductor Corporation, Annual General Meeting, May 30, 2022.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$655, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 968% over the past three years.
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$545, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 994% over the past three years.
Valuation Update With 7 Day Price Move • Nov 18Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$494, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 911% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$19.04 (vs NT$4.53 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$6.74b (up 67% from 3Q 2020). Net income: NT$1.26b (up 323% from 3Q 2020). Profit margin: 19% (up from 7.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 28Upcoming dividend of NT$10.50 per shareEligible shareholders must have bought the stock before 05 July 2021. Payment date: 30 July 2021. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.2%).
Valuation Update With 7 Day Price Move • May 06Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$390, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 775% over the past three years.
분석 기사 • Apr 23Why The 23% Return On Capital At Raydium Semiconductor (GTSM:3592) Should Have Your AttentionThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$487, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 998% over the past three years.
Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$13.12 (vs NT$10.34 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$14.4b (up 3.5% from FY 2019). Net income: NT$856.6m (up 27% from FY 2019). Profit margin: 5.9% (up from 4.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 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 • Mar 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$400, the stock trades at a trailing P/E ratio of 45.9x, up from the previous P/E ratio of 39.2x. Average P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 791%.
분석 기사 • Mar 12Factors Income Investors Should Consider Before Adding Raydium Semiconductor Corporation (GTSM:3592) To Their PortfolioCould Raydium Semiconductor Corporation ( GTSM:3592 ) be an attractive dividend share to own for the long haul...
공시 • Mar 11Raydium Semiconductor Corporation, Annual General Meeting, May 31, 2021Raydium Semiconductor Corporation, Annual General Meeting, May 31, 2021.
Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improved over the past weekAfter last week's 61% share price gain to NT$388, the stock is trading at a trailing P/E ratio of 44.5x, up from the previous P/E ratio of 27.7x. This compares to an average P/E of 27x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 767%.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$210, the stock is trading at a trailing P/E ratio of 24.1x, up from the previous P/E ratio of 20.4x. This compares to an average P/E of 25x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 374%.
Is New 90 Day High Low • Jan 25New 90-day high: NT$179The company is up 102% from its price of NT$88.20 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 43% over the same period.
분석 기사 • Jan 24Raydium Semiconductor (GTSM:3592) Has Rewarded Shareholders With An Exceptional 581% Total Return On Their InvestmentWe think all investors should try to buy and hold high quality multi-year winners. While the best companies are hard to...
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$164, the stock is trading at a trailing P/E ratio of 18.8x, up from the previous P/E ratio of 16.1x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 261%.
분석 기사 • Jan 02Returns On Capital - An Important Metric For Raydium Semiconductor (GTSM:3592)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Valuation Update With 7 Day Price Move • Dec 25Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$117, the stock is trading at a trailing P/E ratio of 13.4x, up from the previous P/E ratio of 10.9x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 164%.