View Future GrowthElite Material 과거 순이익 실적과거 기준 점검 5/6Elite Material은 연평균 32%의 비율로 수입이 증가해 온 반면, Electronic 산업은 수입이 0.4% 증가했습니다. 매출은 연평균 27%의 비율로 증가했습니다. Elite Material의 자기자본이익률은 39.3%이고 순이익률은 17.6%입니다.핵심 정보31.97%순이익 성장률30.36%주당순이익(EPS) 성장률Electronic 산업 성장률14.81%매출 성장률27.04%자기자본이익률39.29%순이익률17.57%최근 순이익 업데이트30 Jun 2026최근 과거 실적 업데이트Reported Earnings • Jul 30Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: NT$27.55 (up from NT$10.02 in 2Q 2025). Revenue: NT$47.3b (up 110% from 2Q 2025). Net income: NT$9.87b (up 184% from 2Q 2025). Profit margin: 21% (up from 16% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 30First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$14.00 (up from NT$10.01 in 1Q 2025). Revenue: NT$33.1b (up 53% from 1Q 2025). Net income: NT$5.34b (up 54% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 203% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 12Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$41.67 (up from NT$27.81 in FY 2024). Revenue: NT$94.3b (up 46% from FY 2024). Net income: NT$14.6b (up 53% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 148% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: NT$11.19 (vs NT$7.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$11.19 (up from NT$7.30 in 3Q 2024). Revenue: NT$25.1b (up 44% from 3Q 2024). Net income: NT$3.97b (up 58% from 3Q 2024). Profit margin: 16% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jul 31Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$10.02 (up from NT$7.08 in 2Q 2024). Revenue: NT$22.5b (up 46% from 2Q 2024). Net income: NT$3.48b (up 43% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 03First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$10.01 (up from NT$5.76 in 1Q 2024). Revenue: NT$21.7b (up 68% from 1Q 2024). Net income: NT$3.47b (up 75% from 1Q 2024). Profit margin: 16% (in line with 1Q 2024). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.모든 업데이트 보기Recent updatesDeclared Dividend • Jul 31Dividend increased to NT$25.00Dividend of NT$25.00 is 51% higher than last year. Ex-date: 28th August 2026 Payment date: 24th September 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.0%.Reported Earnings • Jul 30Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: NT$27.55 (up from NT$10.02 in 2Q 2025). Revenue: NT$47.3b (up 110% from 2Q 2025). Net income: NT$9.87b (up 184% from 2Q 2025). Profit margin: 21% (up from 16% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Jul 30Price target increased by 12% to NT$6,944Up from NT$6,176, the current price target is an average from 13 analysts. New target price is 63% above last closing price of NT$4,270. Stock is up 286% over the past year. The company is forecast to post earnings per share of NT$114 for next year compared to NT$41.67 last year.Price Target Changed • Jul 06Price target increased by 7.0% to NT$5,943Up from NT$5,553, the current price target is an average from 15 analysts. New target price is 8.6% above last closing price of NT$5,475. Stock is up 508% over the past year. The company is forecast to post earnings per share of NT$98.75 for next year compared to NT$41.67 last year.Price Target Changed • Jun 29Price target increased by 7.5% to NT$5,617Up from NT$5,224, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of NT$5,450. Stock is up 518% over the past year. The company is forecast to post earnings per share of NT$94.31 for next year compared to NT$41.67 last year.Buy Or Sell Opportunity • May 21Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 114% to NT$4,705. The fair value is estimated to be NT$3,811, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 169% in 2 years. Earnings are forecast to grow by 256% in the next 2 years.Reported Earnings • Apr 30First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$14.00 (up from NT$10.01 in 1Q 2025). Revenue: NT$33.1b (up 53% from 1Q 2025). Net income: NT$5.34b (up 54% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 203% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Apr 30Price target increased by 22% to NT$4,187Up from NT$3,425, the current price target is an average from 14 analysts. New target price is 8.5% below last closing price of NT$4,575. Stock is up 723% over the past year. The company is forecast to post earnings per share of NT$83.03 for next year compared to NT$41.67 last year.Price Target Changed • Apr 27Price target increased by 8.1% to NT$3,485Up from NT$3,223, the current price target is an average from 14 analysts. New target price is 26% below last closing price of NT$4,730. Stock is up 749% over the past year. The company is forecast to post earnings per share of NT$75.55 for next year compared to NT$41.67 last year.Price Target Changed • Apr 18Price target increased by 7.4% to NT$3,260Up from NT$3,035, the current price target is an average from 14 analysts. New target price is 14% below last closing price of NT$3,800. Stock is up 628% over the past year. The company is forecast to post earnings per share of NT$74.67 for next year compared to NT$41.67 last year.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$3,220, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 1,758% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,052 per share.Reported Earnings • Mar 12Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$41.67 (up from NT$27.81 in FY 2024). Revenue: NT$94.3b (up 46% from FY 2024). Net income: NT$14.6b (up 53% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 148% per year, which means it is tracking significantly ahead of earnings growth.공고 • Mar 12Elite Material Co., Ltd., Annual General Meeting, May 27, 2026Elite Material Co., Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,18, ta t`ung 1st rd., guanyin district, taoyuan city TaiwanPrice Target Changed • Mar 10Price target increased by 11% to NT$2,338Up from NT$2,099, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$2,365. Stock is up 320% over the past year. The company is forecast to post earnings per share of NT$41.59 for next year compared to NT$27.81 last year.Price Target Changed • Feb 23Price target increased by 7.2% to NT$2,049Up from NT$1,910, the current price target is an average from 14 analysts. New target price is 5.8% below last closing price of NT$2,175. Stock is up 265% over the past year. The company is forecast to post earnings per share of NT$41.85 for next year compared to NT$27.81 last year.Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$1,900, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 962% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,299 per share.Buy Or Sell Opportunity • Jan 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 46% to NT$1,660. The fair value is estimated to be NT$1,383, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 68% in 2 years. Earnings are forecast to grow by 95% in the next 2 years.Price Target Changed • Jan 09Price target increased by 7.7% to NT$1,788Up from NT$1,660, the current price target is an average from 12 analysts. New target price is 14% above last closing price of NT$1,565. Stock is up 165% over the past year. The company is forecast to post earnings per share of NT$42.15 for next year compared to NT$27.81 last year.New Risk • Dec 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (35% accrual ratio).Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,530, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 748% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$689 per share.Price Target Changed • Nov 04Price target increased by 10% to NT$1,430Up from NT$1,295, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$1,470. Stock is up 244% over the past year. The company is forecast to post earnings per share of NT$42.50 for next year compared to NT$27.81 last year.Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: NT$11.19 (vs NT$7.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$11.19 (up from NT$7.30 in 3Q 2024). Revenue: NT$25.1b (up 44% from 3Q 2024). Net income: NT$3.97b (up 58% from 3Q 2024). Profit margin: 16% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$1,360, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 773% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,135 per share.Buy Or Sell Opportunity • Oct 02Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 40% to NT$1,295. The fair value is estimated to be NT$1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 83% in the next 2 years.Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,325, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 704% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,039 per share.Buy Or Sell Opportunity • Sep 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 46% to NT$1,250. The fair value is estimated to be NT$1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 83% in the next 2 years.Upcoming Dividend • Aug 21Upcoming dividend of NT$16.58 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.7%).Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 87% to NT$1,280. The fair value is estimated to be NT$1,057, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 82% in the next 2 years.Declared Dividend • Aug 01Dividend of NT$17.00 announcedShareholders will receive a dividend of NT$17.00. Ex-date: 28th August 2025 Payment date: 26th September 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 31Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$10.02 (up from NT$7.08 in 2Q 2024). Revenue: NT$22.5b (up 46% from 2Q 2024). Net income: NT$3.48b (up 43% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Jul 31Price target increased by 12% to NT$1,143Up from NT$1,018, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$1,105. Stock is up 163% over the past year. The company is forecast to post earnings per share of NT$44.93 for next year compared to NT$27.81 last year.Price Target Changed • Jul 03Price target increased by 7.9% to NT$950Up from NT$881, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$928. Stock is up 88% over the past year. The company is forecast to post earnings per share of NT$43.02 for next year compared to NT$27.81 last year.Buy Or Sell Opportunity • Jun 11Now 21% undervaluedOver the last 90 days, the stock has risen 49% to NT$867. The fair value is estimated to be NT$1,103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Shouzhen Cheng was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • May 23Now 21% undervaluedOver the last 90 days, the stock has risen 17% to NT$706. The fair value is estimated to be NT$890, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 49% in the next 2 years.Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$662, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$890 per share.Price Target Changed • May 05Price target increased by 7.2% to NT$802Up from NT$748, the current price target is an average from 12 analysts. New target price is 29% above last closing price of NT$623. Stock is up 46% over the past year. The company is forecast to post earnings per share of NT$40.99 for next year compared to NT$27.81 last year.Reported Earnings • May 03First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$10.01 (up from NT$5.76 in 1Q 2024). Revenue: NT$21.7b (up 68% from 1Q 2024). Net income: NT$3.47b (up 75% from 1Q 2024). Profit margin: 16% (in line with 1Q 2024). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$453, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 111% over the past three years.공고 • Apr 01Elite Material Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Elite Material Co., Ltd. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on Apr 30, 2025Reported Earnings • Mar 02Full year 2024 earnings: EPS in line with analyst expectations despite revenue beatFull year 2024 results: EPS: NT$27.81 (up from NT$16.35 in FY 2023). Revenue: NT$64.4b (up 56% from FY 2023). Net income: NT$9.58b (up 75% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.공고 • Feb 27Elite Material Co., Ltd., Annual General Meeting, May 14, 2025Elite Material Co., Ltd., Annual General Meeting, May 14, 2025, at 09:00 Taipei Standard Time. Location: no,18, ta t`ung 1st rd., guanyin district, taoyuan city TaiwanMajor Estimate Revision • Feb 27Consensus revenue estimates increase by 16%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$73.5b to NT$85.2b. EPS estimate increased from NT$33.58 to NT$39.71 per share. Net income forecast to grow 43% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$633 to NT$728. Share price rose 4.8% to NT$632 over the past week.Price Target Changed • Feb 26Price target increased by 11% to NT$699Up from NT$633, the current price target is an average from 13 analysts. New target price is 10% above last closing price of NT$633. Stock is up 26% over the past year. The company is forecast to post earnings per share of NT$27.75 for next year compared to NT$16.35 last year.공고 • Feb 20Elite Material Co., Ltd. to Report Fiscal Year 2024 Results on Feb 25, 2025Elite Material Co., Ltd. announced that they will report fiscal year 2024 results on Feb 25, 2025New Risk • Feb 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (6.2% average weekly change).Reported Earnings • Nov 03Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$7.30 (up from NT$6.04 in 3Q 2023). Revenue: NT$17.5b (up 47% from 3Q 2023). Net income: NT$2.52b (up 24% from 3Q 2023). Profit margin: 14% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Sep 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to NT$462. The fair value is estimated to be NT$584, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.Buy Or Sell Opportunity • Sep 04Now 21% undervaluedOver the last 90 days, the stock has risen 5.5% to NT$467. The fair value is estimated to be NT$589, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.Upcoming Dividend • Aug 22Upcoming dividend of NT$9.98 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.8%).Reported Earnings • Aug 03Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2024 results: EPS: NT$7.08 (up from NT$3.01 in 2Q 2023). Revenue: NT$15.4b (up 68% from 2Q 2023). Net income: NT$2.44b (up 144% from 2Q 2023). Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.공고 • Aug 02Elite Material Co., Ltd. announced that it expects to receive TWD 3 billion in fundingElite Material Co., Ltd. announced a private placement to issue Zero Coupon Series 7 Unsecured Convertible Bonds for the gross proceeds of TWD 3,000,000,000 on July 31, 2024. The bonds bear zero coupon rate, matures after 5 years. The transaction has been approved by shareholders of company.Declared Dividend • Aug 02Dividend increased to NT$10.00Dividend of NT$10.00 is 19% higher than last year. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Aug 01Elite Material Co., Ltd. Announces Dividend, Payable on September 27, 2024The board of directors of Elite Material Co., Ltd. announced cash dividend of TWD 3,439,332,300 or equivalent to TWD 10 per share. Ex-rights (Ex-dividend) date: August 29, 2024. Ex-rights (Ex-dividend) record date: September 6, 2024. Payment date of cash dividend distribution: September 27, 2024.공고 • May 30+ 1 more updateElite Material Co., Ltd. Appoints Shouzhen, Cheng as Independent DirectorElite Material Co., Ltd. appointed Shouzhen, Cheng, Partner of TSAR &TSAI LAW FIRM as independent director, effective May 29, 2024.공고 • May 07+ 2 more updatesElite Material Co., Ltd. to Report Q2, 2024 Results on Jul 31, 2024Elite Material Co., Ltd. announced that they will report Q2, 2024 results on Jul 31, 2024Reported Earnings • May 02First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: NT$5.76 (up from NT$1.44 in 1Q 2023). Revenue: NT$12.9b (up 75% from 1Q 2023). Net income: NT$1.98b (up 312% from 1Q 2023). Profit margin: 15% (up from 6.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.공고 • Apr 24Elite Material Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Elite Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$405, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$536 per share.Price Target Changed • Mar 13Price target increased by 8.0% to NT$562Up from NT$521, the current price target is an average from 12 analysts. New target price is 39% above last closing price of NT$405. Stock is up 137% over the past year. The company is forecast to post earnings per share of NT$25.54 for next year compared to NT$16.35 last year.Buy Or Sell Opportunity • Mar 12Now 22% undervaluedOver the last 90 days, the stock has risen 18% to NT$451. The fair value is estimated to be NT$580, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 4.5%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.Reported Earnings • Mar 03Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$16.35 (up from NT$15.24 in FY 2022). Revenue: NT$41.3b (up 6.8% from FY 2022). Net income: NT$5.49b (up 8.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.공고 • Mar 01+ 2 more updatesElite Material Co., Ltd., Annual General Meeting, May 29, 2024Elite Material Co., Ltd., Annual General Meeting, May 29, 2024. Location: Meeting room at the Company Headquarters. No. 18 Datong 1st Road,Guanyin District Taoyuan City Taiwan Agenda: To report Year 2023 business operations and financial results; to report the Year 2023 financial statements examined by the auditing committee; to report the compensation of employees and remuneration of board Directors; to approve the proposal for distribution of 2023 profits; and to consider other matters.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$499, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$456 per share.공고 • Dec 30Elite Material Co., Ltd. Announces Change of the Company's PresidentElite Material Co., Ltd. announced change of En-Xiang, Guan as President due to Job relocation. In response to the rapid growth of China operations (such as the relocation and expansion of 300 acres of land in the Zhongshan factory, the establishment of a new factory in Malaysia, etc.), therefore, assigned Mr. Guan Enxiang to be responsible for the overall management of the fore-mentioned operations.New Risk • Oct 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).Reported Earnings • Oct 29Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: NT$6.04 (up from NT$3.93 in 3Q 2022). Revenue: NT$11.9b (up 20% from 3Q 2022). Net income: NT$2.02b (up 55% from 3Q 2022). Profit margin: 17% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Oct 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.4%. The fair value is estimated to be NT$479, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 51% in 2 years. Earnings is forecast to grow by 112% in the next 2 years.Upcoming Dividend • Aug 17Upcoming dividend of NT$8.41 per share at 2.3% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.2%).New Risk • Aug 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Dividend is not well covered by cash flows (113% cash payout ratio).Major Estimate Revision • Aug 02Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from NT$37.1b to NT$38.3b. EPS estimate increased from NT$13.04 to NT$14.73 per share. Net income forecast to grow 48% next year vs 3.7% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$283 to NT$425. Share price rose 13% to NT$401 over the past week.공고 • Jul 27Elite Material Co., Ltd. Announces Dividend, Payable on September 22, 2023Elite Material Co., Ltd. announced total cash amount of TWD 2,829,805,542 or equivalent to TWD 8.5 per share. Ex-rights (ex-dividend) trading date is August 24, 2023; Ex-rights (ex-dividend) record date is September 01, 2023; Payment date of cash dividend distribution is September 22, 2023.Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: NT$3.00 (vs NT$3.25 in 2Q 2022)Second quarter 2023 results: EPS: NT$3.00 (down from NT$3.25 in 2Q 2022). Revenue: NT$9.18b (down 8.0% from 2Q 2022). Net income: NT$1.00b (down 7.6% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$357, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 138% over the past three years.Price Target Changed • Jul 05Price target increased by 7.1% to NT$239Up from NT$223, the current price target is an average from 9 analysts. New target price is 11% below last closing price of NT$269. Stock is up 65% over the past year. The company is forecast to post earnings per share of NT$13.09 for next year compared to NT$15.24 last year.매출 및 비용 세부 내역Elite Material가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TWSE:2383 매출, 비용 및 순이익 (TWD Millions)날짜매출순이익일반관리비연구개발비30 Jun 26130,41522,9157,8202,82531 Mar 26105,64816,5207,1342,42831 Dec 2594,26114,6496,8702,14230 Sep 2587,89613,5606,4592,11930 Jun 2580,21312,1115,5471,99331 Mar 2573,15411,0694,7851,88231 Dec 2464,3779,5784,0711,74730 Sep 2458,6978,9163,6611,60130 Jun 2453,1088,4223,3221,47031 Mar 2446,8406,9873,0311,35531 Dec 2341,2965,4882,7201,26730 Sep 2337,3024,8613,4391,13530 Jun 2335,3104,1462,4471,07731 Mar 2336,1134,2292,4591,00231 Dec 2238,6735,0732,53295330 Sep 2239,9465,2041,67493930 Jun 2240,8405,6872,57184131 Mar 2240,4155,8542,49482531 Dec 2138,5005,4932,37577130 Sep 2135,8554,9792,22268330 Jun 2132,5534,3102,06065131 Mar 2129,2963,9201,91361831 Dec 2027,2013,6891,77458330 Sep 2026,4643,8491,67756630 Jun 2025,9653,6861,59953031 Mar 2025,7033,4981,56651131 Dec 1924,8663,2411,52050030 Sep 1923,4892,5311,39548830 Jun 1922,9732,2231,36648331 Mar 1922,6501,9511,36843531 Dec 1822,8911,7511,40541630 Sep 1823,2081,8921,48637030 Jun 1822,8902,0121,52934531 Mar 1823,1562,3461,54131831 Dec 1723,6102,7911,54427830 Sep 1723,7673,0171,59325030 Jun 1723,7293,0711,64321531 Mar 1723,0152,9341,62520931 Dec 1622,0702,7701,62420330 Sep 1621,2182,5741,63419230 Jun 1621,1232,5201,63719131 Mar 1620,7282,4031,63418231 Dec 1520,8702,3891,63318230 Sep 1521,0852,3291,607181양질의 수익: 2383의 비현금 수익 수준이 높습니다.이익 마진 증가: 2383의 현재 순 이익률 (17.6%)은 지난해 (15.1%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 2383의 수익은 지난 5년 동안 연평균 32%로 크게 증가했습니다.성장 가속화: 지난 1년간 2383 의 수익 증가율(89.2%)은 연간 평균(32%)을 초과합니다.수익 대 산업: 2383의 지난 1년 수익 증가율(89.2%)은 Electronic 업계의 -1.9%를 상회했습니다.자기자본이익률높은 ROE: 2383의 자본 수익률(39.3%)은 높음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/07 05:19종가2026/08/07 00:00수익2026/06/30연간 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Elite Material Co., Ltd.는 22명의 분석가가 다루고 있습니다. 이 중 17명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Skye ChenAletheia Analyst Network LimitedMike YangBofA Global Researchnull nullCapital Securities Corporation19명의 분석가 더 보기
Reported Earnings • Jul 30Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: NT$27.55 (up from NT$10.02 in 2Q 2025). Revenue: NT$47.3b (up 110% from 2Q 2025). Net income: NT$9.87b (up 184% from 2Q 2025). Profit margin: 21% (up from 16% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 30First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$14.00 (up from NT$10.01 in 1Q 2025). Revenue: NT$33.1b (up 53% from 1Q 2025). Net income: NT$5.34b (up 54% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 203% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 12Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$41.67 (up from NT$27.81 in FY 2024). Revenue: NT$94.3b (up 46% from FY 2024). Net income: NT$14.6b (up 53% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 148% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: NT$11.19 (vs NT$7.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$11.19 (up from NT$7.30 in 3Q 2024). Revenue: NT$25.1b (up 44% from 3Q 2024). Net income: NT$3.97b (up 58% from 3Q 2024). Profit margin: 16% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jul 31Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$10.02 (up from NT$7.08 in 2Q 2024). Revenue: NT$22.5b (up 46% from 2Q 2024). Net income: NT$3.48b (up 43% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 03First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$10.01 (up from NT$5.76 in 1Q 2024). Revenue: NT$21.7b (up 68% from 1Q 2024). Net income: NT$3.47b (up 75% from 1Q 2024). Profit margin: 16% (in line with 1Q 2024). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Jul 31Dividend increased to NT$25.00Dividend of NT$25.00 is 51% higher than last year. Ex-date: 28th August 2026 Payment date: 24th September 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.0%.
Reported Earnings • Jul 30Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: NT$27.55 (up from NT$10.02 in 2Q 2025). Revenue: NT$47.3b (up 110% from 2Q 2025). Net income: NT$9.87b (up 184% from 2Q 2025). Profit margin: 21% (up from 16% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Jul 30Price target increased by 12% to NT$6,944Up from NT$6,176, the current price target is an average from 13 analysts. New target price is 63% above last closing price of NT$4,270. Stock is up 286% over the past year. The company is forecast to post earnings per share of NT$114 for next year compared to NT$41.67 last year.
Price Target Changed • Jul 06Price target increased by 7.0% to NT$5,943Up from NT$5,553, the current price target is an average from 15 analysts. New target price is 8.6% above last closing price of NT$5,475. Stock is up 508% over the past year. The company is forecast to post earnings per share of NT$98.75 for next year compared to NT$41.67 last year.
Price Target Changed • Jun 29Price target increased by 7.5% to NT$5,617Up from NT$5,224, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of NT$5,450. Stock is up 518% over the past year. The company is forecast to post earnings per share of NT$94.31 for next year compared to NT$41.67 last year.
Buy Or Sell Opportunity • May 21Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 114% to NT$4,705. The fair value is estimated to be NT$3,811, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 169% in 2 years. Earnings are forecast to grow by 256% in the next 2 years.
Reported Earnings • Apr 30First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$14.00 (up from NT$10.01 in 1Q 2025). Revenue: NT$33.1b (up 53% from 1Q 2025). Net income: NT$5.34b (up 54% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 203% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Apr 30Price target increased by 22% to NT$4,187Up from NT$3,425, the current price target is an average from 14 analysts. New target price is 8.5% below last closing price of NT$4,575. Stock is up 723% over the past year. The company is forecast to post earnings per share of NT$83.03 for next year compared to NT$41.67 last year.
Price Target Changed • Apr 27Price target increased by 8.1% to NT$3,485Up from NT$3,223, the current price target is an average from 14 analysts. New target price is 26% below last closing price of NT$4,730. Stock is up 749% over the past year. The company is forecast to post earnings per share of NT$75.55 for next year compared to NT$41.67 last year.
Price Target Changed • Apr 18Price target increased by 7.4% to NT$3,260Up from NT$3,035, the current price target is an average from 14 analysts. New target price is 14% below last closing price of NT$3,800. Stock is up 628% over the past year. The company is forecast to post earnings per share of NT$74.67 for next year compared to NT$41.67 last year.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$3,220, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 1,758% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,052 per share.
Reported Earnings • Mar 12Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$41.67 (up from NT$27.81 in FY 2024). Revenue: NT$94.3b (up 46% from FY 2024). Net income: NT$14.6b (up 53% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 148% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Mar 12Elite Material Co., Ltd., Annual General Meeting, May 27, 2026Elite Material Co., Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,18, ta t`ung 1st rd., guanyin district, taoyuan city Taiwan
Price Target Changed • Mar 10Price target increased by 11% to NT$2,338Up from NT$2,099, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$2,365. Stock is up 320% over the past year. The company is forecast to post earnings per share of NT$41.59 for next year compared to NT$27.81 last year.
Price Target Changed • Feb 23Price target increased by 7.2% to NT$2,049Up from NT$1,910, the current price target is an average from 14 analysts. New target price is 5.8% below last closing price of NT$2,175. Stock is up 265% over the past year. The company is forecast to post earnings per share of NT$41.85 for next year compared to NT$27.81 last year.
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$1,900, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 962% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,299 per share.
Buy Or Sell Opportunity • Jan 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 46% to NT$1,660. The fair value is estimated to be NT$1,383, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 68% in 2 years. Earnings are forecast to grow by 95% in the next 2 years.
Price Target Changed • Jan 09Price target increased by 7.7% to NT$1,788Up from NT$1,660, the current price target is an average from 12 analysts. New target price is 14% above last closing price of NT$1,565. Stock is up 165% over the past year. The company is forecast to post earnings per share of NT$42.15 for next year compared to NT$27.81 last year.
New Risk • Dec 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (35% accrual ratio).
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,530, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 748% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$689 per share.
Price Target Changed • Nov 04Price target increased by 10% to NT$1,430Up from NT$1,295, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$1,470. Stock is up 244% over the past year. The company is forecast to post earnings per share of NT$42.50 for next year compared to NT$27.81 last year.
Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: NT$11.19 (vs NT$7.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$11.19 (up from NT$7.30 in 3Q 2024). Revenue: NT$25.1b (up 44% from 3Q 2024). Net income: NT$3.97b (up 58% from 3Q 2024). Profit margin: 16% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$1,360, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 773% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,135 per share.
Buy Or Sell Opportunity • Oct 02Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 40% to NT$1,295. The fair value is estimated to be NT$1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 83% in the next 2 years.
Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,325, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 704% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,039 per share.
Buy Or Sell Opportunity • Sep 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 46% to NT$1,250. The fair value is estimated to be NT$1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 83% in the next 2 years.
Upcoming Dividend • Aug 21Upcoming dividend of NT$16.58 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.7%).
Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 87% to NT$1,280. The fair value is estimated to be NT$1,057, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 82% in the next 2 years.
Declared Dividend • Aug 01Dividend of NT$17.00 announcedShareholders will receive a dividend of NT$17.00. Ex-date: 28th August 2025 Payment date: 26th September 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 31Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$10.02 (up from NT$7.08 in 2Q 2024). Revenue: NT$22.5b (up 46% from 2Q 2024). Net income: NT$3.48b (up 43% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Jul 31Price target increased by 12% to NT$1,143Up from NT$1,018, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$1,105. Stock is up 163% over the past year. The company is forecast to post earnings per share of NT$44.93 for next year compared to NT$27.81 last year.
Price Target Changed • Jul 03Price target increased by 7.9% to NT$950Up from NT$881, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$928. Stock is up 88% over the past year. The company is forecast to post earnings per share of NT$43.02 for next year compared to NT$27.81 last year.
Buy Or Sell Opportunity • Jun 11Now 21% undervaluedOver the last 90 days, the stock has risen 49% to NT$867. The fair value is estimated to be NT$1,103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 54% in the next 2 years.
Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Shouzhen Cheng was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • May 23Now 21% undervaluedOver the last 90 days, the stock has risen 17% to NT$706. The fair value is estimated to be NT$890, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 49% in the next 2 years.
Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$662, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$890 per share.
Price Target Changed • May 05Price target increased by 7.2% to NT$802Up from NT$748, the current price target is an average from 12 analysts. New target price is 29% above last closing price of NT$623. Stock is up 46% over the past year. The company is forecast to post earnings per share of NT$40.99 for next year compared to NT$27.81 last year.
Reported Earnings • May 03First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$10.01 (up from NT$5.76 in 1Q 2024). Revenue: NT$21.7b (up 68% from 1Q 2024). Net income: NT$3.47b (up 75% from 1Q 2024). Profit margin: 16% (in line with 1Q 2024). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$453, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 111% over the past three years.
공고 • Apr 01Elite Material Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Elite Material Co., Ltd. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on Apr 30, 2025
Reported Earnings • Mar 02Full year 2024 earnings: EPS in line with analyst expectations despite revenue beatFull year 2024 results: EPS: NT$27.81 (up from NT$16.35 in FY 2023). Revenue: NT$64.4b (up 56% from FY 2023). Net income: NT$9.58b (up 75% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Feb 27Elite Material Co., Ltd., Annual General Meeting, May 14, 2025Elite Material Co., Ltd., Annual General Meeting, May 14, 2025, at 09:00 Taipei Standard Time. Location: no,18, ta t`ung 1st rd., guanyin district, taoyuan city Taiwan
Major Estimate Revision • Feb 27Consensus revenue estimates increase by 16%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$73.5b to NT$85.2b. EPS estimate increased from NT$33.58 to NT$39.71 per share. Net income forecast to grow 43% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$633 to NT$728. Share price rose 4.8% to NT$632 over the past week.
Price Target Changed • Feb 26Price target increased by 11% to NT$699Up from NT$633, the current price target is an average from 13 analysts. New target price is 10% above last closing price of NT$633. Stock is up 26% over the past year. The company is forecast to post earnings per share of NT$27.75 for next year compared to NT$16.35 last year.
공고 • Feb 20Elite Material Co., Ltd. to Report Fiscal Year 2024 Results on Feb 25, 2025Elite Material Co., Ltd. announced that they will report fiscal year 2024 results on Feb 25, 2025
New Risk • Feb 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (6.2% average weekly change).
Reported Earnings • Nov 03Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$7.30 (up from NT$6.04 in 3Q 2023). Revenue: NT$17.5b (up 47% from 3Q 2023). Net income: NT$2.52b (up 24% from 3Q 2023). Profit margin: 14% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Sep 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to NT$462. The fair value is estimated to be NT$584, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.
Buy Or Sell Opportunity • Sep 04Now 21% undervaluedOver the last 90 days, the stock has risen 5.5% to NT$467. The fair value is estimated to be NT$589, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.
Upcoming Dividend • Aug 22Upcoming dividend of NT$9.98 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.8%).
Reported Earnings • Aug 03Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2024 results: EPS: NT$7.08 (up from NT$3.01 in 2Q 2023). Revenue: NT$15.4b (up 68% from 2Q 2023). Net income: NT$2.44b (up 144% from 2Q 2023). Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Aug 02Elite Material Co., Ltd. announced that it expects to receive TWD 3 billion in fundingElite Material Co., Ltd. announced a private placement to issue Zero Coupon Series 7 Unsecured Convertible Bonds for the gross proceeds of TWD 3,000,000,000 on July 31, 2024. The bonds bear zero coupon rate, matures after 5 years. The transaction has been approved by shareholders of company.
Declared Dividend • Aug 02Dividend increased to NT$10.00Dividend of NT$10.00 is 19% higher than last year. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Aug 01Elite Material Co., Ltd. Announces Dividend, Payable on September 27, 2024The board of directors of Elite Material Co., Ltd. announced cash dividend of TWD 3,439,332,300 or equivalent to TWD 10 per share. Ex-rights (Ex-dividend) date: August 29, 2024. Ex-rights (Ex-dividend) record date: September 6, 2024. Payment date of cash dividend distribution: September 27, 2024.
공고 • May 30+ 1 more updateElite Material Co., Ltd. Appoints Shouzhen, Cheng as Independent DirectorElite Material Co., Ltd. appointed Shouzhen, Cheng, Partner of TSAR &TSAI LAW FIRM as independent director, effective May 29, 2024.
공고 • May 07+ 2 more updatesElite Material Co., Ltd. to Report Q2, 2024 Results on Jul 31, 2024Elite Material Co., Ltd. announced that they will report Q2, 2024 results on Jul 31, 2024
Reported Earnings • May 02First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: NT$5.76 (up from NT$1.44 in 1Q 2023). Revenue: NT$12.9b (up 75% from 1Q 2023). Net income: NT$1.98b (up 312% from 1Q 2023). Profit margin: 15% (up from 6.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Apr 24Elite Material Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Elite Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$405, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$536 per share.
Price Target Changed • Mar 13Price target increased by 8.0% to NT$562Up from NT$521, the current price target is an average from 12 analysts. New target price is 39% above last closing price of NT$405. Stock is up 137% over the past year. The company is forecast to post earnings per share of NT$25.54 for next year compared to NT$16.35 last year.
Buy Or Sell Opportunity • Mar 12Now 22% undervaluedOver the last 90 days, the stock has risen 18% to NT$451. The fair value is estimated to be NT$580, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 4.5%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.
Reported Earnings • Mar 03Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$16.35 (up from NT$15.24 in FY 2022). Revenue: NT$41.3b (up 6.8% from FY 2022). Net income: NT$5.49b (up 8.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Mar 01+ 2 more updatesElite Material Co., Ltd., Annual General Meeting, May 29, 2024Elite Material Co., Ltd., Annual General Meeting, May 29, 2024. Location: Meeting room at the Company Headquarters. No. 18 Datong 1st Road,Guanyin District Taoyuan City Taiwan Agenda: To report Year 2023 business operations and financial results; to report the Year 2023 financial statements examined by the auditing committee; to report the compensation of employees and remuneration of board Directors; to approve the proposal for distribution of 2023 profits; and to consider other matters.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$499, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$456 per share.
공고 • Dec 30Elite Material Co., Ltd. Announces Change of the Company's PresidentElite Material Co., Ltd. announced change of En-Xiang, Guan as President due to Job relocation. In response to the rapid growth of China operations (such as the relocation and expansion of 300 acres of land in the Zhongshan factory, the establishment of a new factory in Malaysia, etc.), therefore, assigned Mr. Guan Enxiang to be responsible for the overall management of the fore-mentioned operations.
New Risk • Oct 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
Reported Earnings • Oct 29Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: NT$6.04 (up from NT$3.93 in 3Q 2022). Revenue: NT$11.9b (up 20% from 3Q 2022). Net income: NT$2.02b (up 55% from 3Q 2022). Profit margin: 17% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Oct 27Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.4%. The fair value is estimated to be NT$479, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 51% in 2 years. Earnings is forecast to grow by 112% in the next 2 years.
Upcoming Dividend • Aug 17Upcoming dividend of NT$8.41 per share at 2.3% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.2%).
New Risk • Aug 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Dividend is not well covered by cash flows (113% cash payout ratio).
Major Estimate Revision • Aug 02Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from NT$37.1b to NT$38.3b. EPS estimate increased from NT$13.04 to NT$14.73 per share. Net income forecast to grow 48% next year vs 3.7% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$283 to NT$425. Share price rose 13% to NT$401 over the past week.
공고 • Jul 27Elite Material Co., Ltd. Announces Dividend, Payable on September 22, 2023Elite Material Co., Ltd. announced total cash amount of TWD 2,829,805,542 or equivalent to TWD 8.5 per share. Ex-rights (ex-dividend) trading date is August 24, 2023; Ex-rights (ex-dividend) record date is September 01, 2023; Payment date of cash dividend distribution is September 22, 2023.
Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: NT$3.00 (vs NT$3.25 in 2Q 2022)Second quarter 2023 results: EPS: NT$3.00 (down from NT$3.25 in 2Q 2022). Revenue: NT$9.18b (down 8.0% from 2Q 2022). Net income: NT$1.00b (down 7.6% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$357, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 138% over the past three years.
Price Target Changed • Jul 05Price target increased by 7.1% to NT$239Up from NT$223, the current price target is an average from 9 analysts. New target price is 11% below last closing price of NT$269. Stock is up 65% over the past year. The company is forecast to post earnings per share of NT$13.09 for next year compared to NT$15.24 last year.