View ValuationNan Ya Printed Circuit Board 향후 성장Future 기준 점검 6/6Nan Ya Printed Circuit Board (는) 각각 연간 59.3% 및 36.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 62.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 32.3% 로 예상됩니다.핵심 정보59.3%이익 성장률62.63%EPS 성장률Electronic 이익 성장33.7%매출 성장률36.6%향후 자기자본이익률32.33%애널리스트 커버리지Good마지막 업데이트18 May 2026최근 향후 성장 업데이트Major Estimate Revision • May 14Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$52.7b to NT$58.4b. EPS estimate increased from NT$12.24 to NT$14.91 per share. Net income forecast to grow 279% next year vs 44% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$659 to NT$825. Share price fell 10% to NT$850 over the past week.Price Target Changed • May 09Price target increased by 25% to NT$825Up from NT$659, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of NT$854. Stock is up 746% over the past year. The company is forecast to post earnings per share of NT$12.03 for next year compared to NT$3.01 last year.Major Estimate Revision • Apr 28Consensus EPS estimates increase by 15%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$10.61 to NT$12.22. Revenue forecast steady at NT$52.7b. Net income forecast to grow 369% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$583 to NT$659. Share price rose 18% to NT$932 over the past week.Price Target Changed • Apr 14Price target increased by 16% to NT$552Up from NT$478, the current price target is an average from 11 analysts. New target price is 15% below last closing price of NT$646. Stock is up 599% over the past year. The company is forecast to post earnings per share of NT$12.15 for next year compared to NT$3.01 last year.Major Estimate Revision • Mar 03Consensus EPS estimates increase by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$53.3b to NT$57.6b. EPS estimate increased from NT$9.27 to NT$11.85 per share. Net income forecast to grow 326% next year vs 21% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$390 to NT$473. Share price was steady at NT$503 over the past week.Price Target Changed • Jan 22Price target increased by 7.7% to NT$301Up from NT$279, the current price target is an average from 11 analysts. New target price is 18% below last closing price of NT$369. Stock is up 171% over the past year. The company is forecast to post earnings per share of NT$2.55 for next year compared to NT$0.32 last year.모든 업데이트 보기Recent updatesDeclared Dividend • May 16Dividend increased to NT$2.00Dividend of NT$2.00 is 100% higher than last year. Ex-date: 25th June 2026 Payment date: 30th July 2026 Dividend yield will be 0.3%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 42%. Cash payout ratio: 51%.Major Estimate Revision • May 14Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$52.7b to NT$58.4b. EPS estimate increased from NT$12.24 to NT$14.91 per share. Net income forecast to grow 279% next year vs 44% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$659 to NT$825. Share price fell 10% to NT$850 over the past week.Reported Earnings • May 11First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$2.03 (up from NT$0.32 in 1Q 2025). Revenue: NT$11.2b (up 32% from 1Q 2025). Net income: NT$1.31b (up NT$1.10b from 1Q 2025). Profit margin: 12% (up from 2.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance.Price Target Changed • May 09Price target increased by 25% to NT$825Up from NT$659, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of NT$854. Stock is up 746% over the past year. The company is forecast to post earnings per share of NT$12.03 for next year compared to NT$3.01 last year.Major Estimate Revision • Apr 28Consensus EPS estimates increase by 15%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$10.61 to NT$12.22. Revenue forecast steady at NT$52.7b. Net income forecast to grow 369% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$583 to NT$659. Share price rose 18% to NT$932 over the past week.Buy Or Sell Opportunity • Apr 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 149% to NT$721. The fair value is estimated to be NT$596, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 106%. Revenue is forecast to grow by 66% in 2 years. Earnings are forecast to grow by 588% in the next 2 years.Price Target Changed • Apr 14Price target increased by 16% to NT$552Up from NT$478, the current price target is an average from 11 analysts. New target price is 15% below last closing price of NT$646. Stock is up 599% over the past year. The company is forecast to post earnings per share of NT$12.15 for next year compared to NT$3.01 last year.Buy Or Sell Opportunity • Mar 24Now 21% undervaluedOver the last 90 days, the stock has risen 105% to NT$491. The fair value is estimated to be NT$621, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 106%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 463% in the next 2 years.Major Estimate Revision • Mar 03Consensus EPS estimates increase by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$53.3b to NT$57.6b. EPS estimate increased from NT$9.27 to NT$11.85 per share. Net income forecast to grow 326% next year vs 21% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$390 to NT$473. Share price was steady at NT$503 over the past week.공시 • Feb 25Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 14, 2026Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 14, 2026, at 09:00 Taipei Standard Time. Location: no,338, sec.1 nan k`an rd., lujhu district, taoyuan city TaiwanReported Earnings • Feb 25Full year 2025 earnings released: EPS: NT$3.01 (vs NT$0.32 in FY 2024)Full year 2025 results: EPS: NT$3.01 (up from NT$0.32 in FY 2024). Revenue: NT$40.2b (up 24% from FY 2024). Net income: NT$1.95b (up NT$1.74b from FY 2024). Profit margin: 4.8% (up from 0.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% 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, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance.New Risk • Feb 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.2% 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. This is currently the only risk that has been identified for the company.Price Target Changed • Jan 22Price target increased by 7.7% to NT$301Up from NT$279, the current price target is an average from 11 analysts. New target price is 18% below last closing price of NT$369. Stock is up 171% over the past year. The company is forecast to post earnings per share of NT$2.55 for next year compared to NT$0.32 last year.Reported Earnings • Nov 07Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: NT$1.12 (up from NT$0.091 in 3Q 2024). Revenue: NT$11.0b (up 19% from 3Q 2024). Net income: NT$724.9m (up NT$666.0m from 3Q 2024). Profit margin: 6.6% (up from 0.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 22% 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, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.Price Target Changed • Oct 31Price target increased by 12% to NT$249Up from NT$224, the current price target is an average from 11 analysts. New target price is 14% below last closing price of NT$291. Stock is up 121% over the past year. The company is forecast to post earnings per share of NT$2.54 for next year compared to NT$0.32 last year.Price Target Changed • Oct 16Price target increased by 11% to NT$224Up from NT$201, the current price target is an average from 12 analysts. New target price is 21% below last closing price of NT$282. Stock is up 106% over the past year. The company is forecast to post earnings per share of NT$2.54 for next year compared to NT$0.32 last year.Price Target Changed • Sep 23Price target increased by 7.3% to NT$186Up from NT$173, the current price target is an average from 12 analysts. New target price is 20% below last closing price of NT$233. Stock is up 68% over the past year. The company is forecast to post earnings per share of NT$2.56 for next year compared to NT$0.32 last year.Major Estimate Revision • Sep 03Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$2.31 to NT$2.55. Revenue forecast steady at NT$39.6b. Net income forecast to grow 975% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$173. Share price fell 7.3% to NT$191 over the past week.Price Target Changed • Aug 07Price target increased by 11% to NT$130Up from NT$117, the current price target is an average from 12 analysts. New target price is 25% below last closing price of NT$173. Stock is up 25% over the past year. The company is forecast to post earnings per share of NT$2.86 for next year compared to NT$0.32 last year.Reported Earnings • Aug 07Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: NT$0.29 loss per share (down from NT$0.18 profit in 2Q 2024). Revenue: NT$9.58b (up 18% from 2Q 2024). Net loss: NT$187.4m (down 258% from profit in 2Q 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.New Risk • Jul 15New 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 8.1% 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 (8.1% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin).Upcoming Dividend • Jun 26Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 06 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.2%).공시 • May 29Nan Ya Printed Circuit Board Corporation Announces Cash Dividends, Payable on August 06, 2025Nan Ya Printed Circuit Board Corporation announced cash dividends of TWD 1 per common share. The payment date of common stock cash dividend distribution of August 06, 2025 with ex-rights (ex-dividend) trading date of July 03, 2025 and Ex-rights (ex-dividend) record date of July 09, 2025.Declared Dividend • May 29Dividend of NT$1.00 announcedShareholders will receive a dividend of NT$1.00. Ex-date: 3rd July 2025 Payment date: 6th August 2025 Dividend yield will be 0.9%, which is lower than the industry average of 4.0%.Reported Earnings • May 08First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$0.32 (up from NT$0.24 loss in 1Q 2024). Revenue: NT$8.46b (up 19% from 1Q 2024). Net income: NT$207.5m (up NT$359.9m from 1Q 2024). Profit margin: 2.5% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 15% 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, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance.공시 • Apr 30Nan Ya Printed Circuit Board Corporation to Report Q1, 2025 Results on May 07, 2025Nan Ya Printed Circuit Board Corporation announced that they will report Q1, 2025 results on May 07, 2025Major Estimate Revision • Apr 17Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$2.63 to NT$2.93. Revenue forecast steady at NT$38.1b. Net income forecast to grow 808% next year vs 24% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$121 to NT$115. Share price rose 5.5% to NT$88.80 over the past week.Price Target Changed • Apr 08Price target decreased by 7.6% to NT$121Down from NT$131, the current price target is an average from 11 analysts. New target price is 42% above last closing price of NT$85.10. Stock is down 59% over the past year. The company is forecast to post earnings per share of NT$2.63 for next year compared to NT$0.32 last year.Major Estimate Revision • Apr 02Consensus EPS estimates fall by 45%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$39.6b to NT$38.4b. EPS estimate also fell from NT$5.14 per share to NT$2.82 per share. Net income forecast to grow 796% next year vs 26% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$131 to NT$128. Share price fell 16% to NT$106 over the past week.공시 • Mar 03Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 27, 2025Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 27, 2025. Location: no,338, sec.1 nan k`an rd., lujhu district, taoyuan city TaiwanMajor Estimate Revision • Mar 01Consensus 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$40.3b to NT$39.6b. EPS estimate also fell from NT$6.08 per share to NT$5.14 per share. Net income forecast to grow 162% next year vs 30% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$125 to NT$131. Share price fell 5.9% to NT$136 over the past week.공시 • Mar 01Nan Ya Printed Circuit Board Corporation Proposes Dividend for the Year Ended December 31, 2024Nan Ya Printed Circuit Board Corporation proposed dividend distribution of TWD 1 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders is TWD 646,165,487.공시 • Feb 20Nan Ya Printed Circuit Board Corporation to Report Fiscal Year 2024 Results on Feb 27, 2025Nan Ya Printed Circuit Board Corporation announced that they will report fiscal year 2024 results on Feb 27, 2025New Risk • Jan 06New 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 6.1% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 409% Cash payout ratio: 302% Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin).Price Target Changed • Jan 03Price target decreased by 8.3% to NT$122Down from NT$133, the current price target is an average from 10 analysts. New target price is 5.4% below last closing price of NT$129. Stock is down 43% over the past year. The company is forecast to post earnings per share of NT$0.19 for next year compared to NT$9.00 last year.Major Estimate Revision • Dec 24Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$0.16 to NT$0.189. Revenue forecast steady at NT$32.7b. Net income forecast to grow 333% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$133. Share price rose 9.6% to NT$120 over the past week.Price Target Changed • Nov 06Price target decreased by 7.8% to NT$135Down from NT$147, the current price target is an average from 10 analysts. New target price is 8.5% above last closing price of NT$125. Stock is down 46% over the past year. The company is forecast to post earnings per share of NT$2.51 for next year compared to NT$9.00 last year.Reported Earnings • Nov 06Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$0.09 (down from NT$1.67 in 3Q 2023). Revenue: NT$9.19b (down 10% from 3Q 2023). Net income: NT$58.9m (down 95% from 3Q 2023). Profit margin: 0.6% (down from 11% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 90%. Revenue is forecast to grow 18% 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 fallen by 36% per year whereas the company’s share price has fallen by 39% per year.공시 • Oct 29Nan Ya Printed Circuit Board Corporation to Report Q3, 2024 Results on Nov 05, 2024Nan Ya Printed Circuit Board Corporation announced that they will report Q3, 2024 results on Nov 05, 2024Price Target Changed • Oct 21Price target decreased by 8.7% to NT$147Down from NT$161, the current price target is an average from 10 analysts. New target price is 6.2% above last closing price of NT$138. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$2.56 for next year compared to NT$9.00 last year.Major Estimate Revision • Oct 09Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$2.36 to NT$2.60. Revenue forecast steady at NT$35.1b. Net income forecast to grow 101% next year vs 19% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$161. Share price fell 4.3% to NT$135 over the past week.Major Estimate Revision • Sep 10Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$2.73 to NT$2.38 per share. Revenue forecast steady at NT$34.6b. Net income forecast to grow 111% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$165. Share price fell 14% to NT$123 over the past week.Major Estimate Revision • Aug 17Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$35.8b to NT$34.9b. EPS estimate also fell from NT$3.13 per share to NT$2.73 per share. Net income forecast to grow 115% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$172 to NT$167. Share price rose 4.9% to NT$149 over the past week.Price Target Changed • Aug 08Price target decreased by 11% to NT$172Down from NT$194, the current price target is an average from 10 analysts. New target price is 24% above last closing price of NT$139. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$3.13 for next year compared to NT$9.00 last year.Reported Earnings • Aug 08Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: NT$0.18 (down from NT$2.43 in 2Q 2023). Revenue: NT$8.12b (down 20% from 2Q 2023). Net income: NT$118.6m (down 93% from 2Q 2023). Profit margin: 1.5% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 20% 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 fallen by 16% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$141, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$95.49 per share.Major Estimate Revision • Jul 30Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$36.6b to NT$36.0b. EPS estimate also fell from NT$3.66 per share to NT$3.25 per share. Net income forecast to grow 2.6% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$194. Share price fell 6.9% to NT$169 over the past week.공시 • Jul 30Nan Ya Printed Circuit Board Corporation to Report Q2, 2024 Results on Aug 06, 2024Nan Ya Printed Circuit Board Corporation announced that they will report Q2, 2024 results on Aug 06, 2024Upcoming Dividend • Jul 09Upcoming dividend of NT$5.50 per shareEligible shareholders must have bought the stock before 16 July 2024. Payment date: 14 August 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%).Major Estimate Revision • Jun 04Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$4.31 to NT$3.75 per share. Revenue forecast steady at NT$36.9b. Net income forecast to grow 30% next year vs 27% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$199. Share price fell 2.5% to NT$197 over the past week.공시 • May 30Nan Ya Printed Circuit Board Corporation Announces Cash Dividend, Payable on August 14, 2024Nan Ya Printed Circuit Board Corporation announced Cash dividend of TWD 5.5 per common share. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is May 28, 2024. Ex-rights (ex-dividend) trading date is July 16, 2024. Ex-rights (ex-dividend) record date is July 22, 2024. Payment date of common stock cash dividend distribution is August 14, 2024.Major Estimate Revision • May 29Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$4.31 to NT$3.75 per share. Revenue forecast steady at NT$36.7b. Net income forecast to grow 24% next year vs 28% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$204 unchanged from last update. Share price rose 10% to NT$207 over the past week.Major Estimate Revision • May 13Consensus EPS estimates fall by 44%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$41.5b to NT$37.5b. EPS estimate also fell from NT$7.67 per share to NT$4.31 per share. Net income forecast to grow 38% next year vs 33% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$207 to NT$196. Share price rose 2.2% to NT$189 over the past week.Reported Earnings • May 07First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: NT$0.24 loss per share (down from NT$3.60 profit in 1Q 2023). Revenue: NT$7.10b (down 44% from 1Q 2023). Net loss: NT$152.4m (down 107% from profit in 1Q 2023). Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 18% 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 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.공시 • Apr 28Nan Ya Printed Circuit Board Corporation to Report Q1, 2024 Results on May 03, 2024Nan Ya Printed Circuit Board Corporation announced that they will report Q1, 2024 results on May 03, 2024공시 • Mar 01Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 28, 2024Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 28, 2024. Location: No.338, Sec. 1, Nankan Rd., Luzhu Dist Taoyuan City Taiwan Agenda: To consider business report for 2023; to consider audit committee's review report for 2023; to consider report of the distribution of employee compensation for 2023; to consider report of the distribution of cash dividend for 2023; to ratify the business report and financial statements for 2023; to ratify the proposal for the distribution of 2023 profits; to approve the amendment of articles of incorporation of the company; and to consider other issues.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: NT$9.00 (vs NT$30.05 in FY 2022)Full year 2023 results: EPS: NT$9.00 (down from NT$30.05 in FY 2022). Revenue: NT$42.3b (down 35% from FY 2022). Net income: NT$5.82b (down 70% from FY 2022). Profit margin: 14% (down from 30% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.공시 • Feb 28Nan Ya Printed Circuit Board Corporation, Annual General Meeting, Feb 27, 2024Nan Ya Printed Circuit Board Corporation, Annual General Meeting, Feb 27, 2024. Agenda: To discuss Profit distribution/ deficit compensation:Decided not to issue Dividends; to consider Business report and financial statements: Ratified the Business Report and Financial Statements for 2023; to consider Elections for board of directors and supervisors; and to discuss other matters.Price Target Changed • Dec 27Price target decreased by 7.6% to NT$240Down from NT$260, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$250. Stock is up 8.0% over the past year. The company is forecast to post earnings per share of NT$9.16 for next year compared to NT$30.05 last year.Price Target Changed • Nov 08Price target decreased by 8.3% to NT$260Down from NT$283, the current price target is an average from 11 analysts. New target price is 12% above last closing price of NT$231. Stock is down 1.5% over the past year. The company is forecast to post earnings per share of NT$9.04 for next year compared to NT$30.05 last year.Reported Earnings • Nov 04Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: NT$1.66 (down from NT$8.54 in 3Q 2022). Revenue: NT$10.2b (down 41% from 3Q 2022). Net income: NT$1.08b (down 81% from 3Q 2022). Profit margin: 11% (down from 32% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.8% 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 only increased by 22% per year, which means it is significantly lagging earnings growth.공시 • Oct 06Nan Ya Printed Circuit Board Corporation Announces Executive Changes, Effective on October 12, 2023Nan Ya Printed Circuit Board Corporation announced that the change of chief information security officer. Name, title, and resume of the previous position holder: Yi-Cheng Chen, Senior Administrator of Nan Ya PCB President Office. Name, title, and resume of the new position holder: Chya-Wei Chuang, Department Manager of Nan Ya PCB President Office. Effective date is October 12, 2023.Board Change • Aug 29Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Xue-Ren Jian was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 05Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$2.43 (down from NT$7.53 in 2Q 2022). Revenue: NT$10.1b (down 33% from 2Q 2022). Net income: NT$1.57b (down 68% from 2Q 2022). Profit margin: 16% (down from 32% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.공시 • Jul 23Nan Ya Printed Circuit Board Corporation Announces Chief Internal Auditor ChangesNan Ya Printed Circuit Board Corporation announced the retirement of Feng-Shen Lin as Chief internal auditor, effective from July 20, 2023. Kuo-Chun AI will temporarily act as the internal audit officer and the new replacement will be announced after the approval by the Audit Committee and Board of Directors of the Company. The new replacement will be announced after the approval by the Audit Committee and Board of Directorsof the Company.Major Estimate Revision • Jul 13Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$49.1b to NT$47.7b. EPS estimate also fell from NT$13.02 per share to NT$11.40 per share. Net income forecast to shrink 46% next year vs 3.6% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$303 to NT$293. Share price rose 3.5% to NT$265 over the past week.Upcoming Dividend • Jun 08Upcoming dividend of NT$18.00 per share at 6.4% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).Price Target Changed • Jun 07Price target increased by 7.8% to NT$303Up from NT$281, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of NT$290. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$13.57 for next year compared to NT$30.05 last year.공시 • May 25Nan Ya Printed Circuit Board Corporation Announces Cash Dividend, Payable on July 19, 2023Nan Ya Printed Circuit Board Corporation announced cash dividends of TWD 18 per common share at its board meeting held on May 23, 2023. Ex-rights (ex-dividend) record date is June 21, 2023. Payment date of cash dividend distribution is July 19, 2023.공시 • May 24Nan Ya Printed Circuit Board Corporation Announces Management ChangesNan Ya Printed Circuit Board Corporation announced the resignation of Cheng-I Wang as Member of Audit Committee, effective May 23, 2023. Cheng-I Wang is an Independent Director of Nan Ya PCB and Former Political Deputy Minister of MOF. The company announced the appointment of Shui-Chi Chuang as Member of Audit Committee, effective May 23, 2023. Shui-Chi Chuang is an Independent Director of Nan Ya PCB and Former Director of Customs Administration of MOF, Deputy Director of Customs Administration.Price Target Changed • May 06Price target increased by 7.5% to NT$272Up from NT$253, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$278. Stock is down 31% over the past year. The company is forecast to post earnings per share of NT$14.99 for next year compared to NT$30.05 last year.Major Estimate Revision • May 05Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$58.8b to NT$50.7b. EPS estimate fell from NT$21.63 to NT$16.07 per share. Net income forecast to shrink 44% next year vs 7.3% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$251 to NT$257. Share price was steady at NT$278 over the past week.Major Estimate Revision • Mar 03Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$65.0b to NT$60.2b. EPS estimate also fell from NT$26.34 per share to NT$22.59 per share. Net income forecast to shrink 25% next year vs 3.1% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$261 to NT$246. Share price rose 10% to NT$259 over the past week.Price Target Changed • Mar 01Price target decreased by 7.6% to NT$243Down from NT$263, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$241. Stock is down 56% over the past year. The company is forecast to post earnings per share of NT$22.27 for next year compared to NT$30.05 last year.Reported Earnings • Feb 25Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: NT$30.05 (up from NT$16.38 in FY 2021). Revenue: NT$64.6b (up 24% from FY 2021). Net income: NT$19.4b (up 84% from FY 2021). Profit margin: 30% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jan 09Price target decreased to NT$277Down from NT$304, the current price target is an average from 12 analysts. New target price is 17% above last closing price of NT$236. Stock is down 54% over the past year. The company is forecast to post earnings per share of NT$30.23 for next year compared to NT$16.38 last year.Buying Opportunity • Dec 28Now 21% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be NT$294, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 89%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 22% in the next 2 years.Price Target Changed • Nov 16Price target decreased to NT$332Down from NT$360, the current price target is an average from 14 analysts. New target price is 22% above last closing price of NT$273. Stock is down 51% over the past year. The company is forecast to post earnings per share of NT$30.16 for next year compared to NT$16.38 last year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Xue-Ren Jian was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$257, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 406% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$313 per share.Reported Earnings • Nov 05Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$8.54 (up from NT$4.82 in 3Q 2021). Revenue: NT$17.2b (up 22% from 3Q 2021). Net income: NT$5.52b (up 77% from 3Q 2021). Profit margin: 32% (up from 22% in 3Q 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 8.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.Price Target Changed • Aug 25Price target decreased to NT$414Down from NT$446, the current price target is an average from 13 analysts. New target price is 50% above last closing price of NT$276. Stock is down 27% over the past year. The company is forecast to post earnings per share of NT$28.07 for next year compared to NT$16.38 last year.Reported Earnings • Aug 09Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$7.53 (up from NT$3.60 in 2Q 2021). Revenue: NT$15.2b (up 22% from 2Q 2021). Net income: NT$4.86b (up 109% from 2Q 2021). Profit margin: 32% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 20%, compared to a 8.8% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 84% per year, which means it is significantly lagging earnings growth.Price Target Changed • Aug 06Price target decreased to NT$461Down from NT$498, the current price target is an average from 12 analysts. New target price is 89% above last closing price of NT$244. Stock is down 41% over the past year. The company is forecast to post earnings per share of NT$28.87 for next year compared to NT$16.38 last year.Valuation Update With 7 Day Price Move • Jul 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$239, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electronic industry in Taiwan. Total returns to shareholders of 515% over the past three years.이익 및 매출 성장 예측TWSE:8046 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028127,13234,41733,52335,819512/31/202777,24017,34919,92821,328912/31/202657,4169,6356,6149,15763/31/202642,8923,0482,5104,455N/A12/31/202540,1731,9476053,027N/A9/30/202536,879924-2802,041N/A6/30/202535,103258-1672,147N/A3/31/202533,641564-4991,981N/A12/31/202432,283204-2192,160N/A9/30/202433,7248681,1784,299N/A6/30/202434,7591,8855825,886N/A3/31/202436,7723,3391,3899,398N/A12/31/202342,2535,8174,73416,513N/A9/30/202350,64610,1245,12219,152N/A6/30/202357,61414,56511,61127,942N/A3/31/202362,66617,85718,02834,382N/A12/31/202264,64719,41615,38632,307N/A9/30/202261,71717,82014,75830,611N/A6/30/202258,63515,41611,92125,272N/A3/31/202255,93412,8807,94019,790N/A12/31/202152,22810,5827,47815,929N/A9/30/202148,4418,3507,35014,741N/A6/30/202144,8336,2802,45610,199N/A3/31/202141,4524,784-7267,589N/A12/31/202038,5133,666-7706,587N/A9/30/202036,3022,623-3,2013,717N/A6/30/202034,2261,933-1,6703,332N/A3/31/202032,7311,053-1,1252,729N/A12/31/201931,094308N/A2,545N/A9/30/201930,071290N/A3,052N/A6/30/201929,557-16N/A2,221N/A3/31/201928,936-185N/A1,807N/A12/31/201828,833-584N/A358N/A9/30/201827,797-1,316N/A330N/A6/30/201826,844-1,786N/A433N/A3/31/201826,680-1,747N/A264N/A12/31/201726,623-1,958N/A527N/A9/30/201726,588-711N/A36N/A6/30/201727,049-1,207N/A-144N/A3/31/201727,630-1,261N/A571N/A12/31/201629,171-694N/A520N/A9/30/201629,578-1,573N/A983N/A6/30/201629,246-221N/A2,916N/A3/31/201629,527-23N/A3,166N/A12/31/201529,903862N/A4,533N/A9/30/201531,1611,251N/A5,152N/A6/30/201533,3211,301N/A4,211N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 8046 의 연간 예상 수익 증가율(59.3%)이 saving rate(1.3%)보다 높습니다.수익 vs 시장: 8046 의 연간 수익(59.3%)이 TW 시장(26.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 8046 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 8046 의 수익(연간 36.6%)이 TW 시장(연간 18.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 8046 의 수익(연간 36.6%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 8046의 자본 수익률은 3년 후 32.3%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 10:55종가2026/05/22 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 소스Nan Ya Printed Circuit Board Corporation는 22명의 분석가가 다루고 있습니다. 이 중 9명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrew LuBarclaysMike YangBofA Global ResearchYijun TuCapital Securities Corporation19명의 분석가 더 보기
Major Estimate Revision • May 14Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$52.7b to NT$58.4b. EPS estimate increased from NT$12.24 to NT$14.91 per share. Net income forecast to grow 279% next year vs 44% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$659 to NT$825. Share price fell 10% to NT$850 over the past week.
Price Target Changed • May 09Price target increased by 25% to NT$825Up from NT$659, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of NT$854. Stock is up 746% over the past year. The company is forecast to post earnings per share of NT$12.03 for next year compared to NT$3.01 last year.
Major Estimate Revision • Apr 28Consensus EPS estimates increase by 15%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$10.61 to NT$12.22. Revenue forecast steady at NT$52.7b. Net income forecast to grow 369% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$583 to NT$659. Share price rose 18% to NT$932 over the past week.
Price Target Changed • Apr 14Price target increased by 16% to NT$552Up from NT$478, the current price target is an average from 11 analysts. New target price is 15% below last closing price of NT$646. Stock is up 599% over the past year. The company is forecast to post earnings per share of NT$12.15 for next year compared to NT$3.01 last year.
Major Estimate Revision • Mar 03Consensus EPS estimates increase by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$53.3b to NT$57.6b. EPS estimate increased from NT$9.27 to NT$11.85 per share. Net income forecast to grow 326% next year vs 21% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$390 to NT$473. Share price was steady at NT$503 over the past week.
Price Target Changed • Jan 22Price target increased by 7.7% to NT$301Up from NT$279, the current price target is an average from 11 analysts. New target price is 18% below last closing price of NT$369. Stock is up 171% over the past year. The company is forecast to post earnings per share of NT$2.55 for next year compared to NT$0.32 last year.
Declared Dividend • May 16Dividend increased to NT$2.00Dividend of NT$2.00 is 100% higher than last year. Ex-date: 25th June 2026 Payment date: 30th July 2026 Dividend yield will be 0.3%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 42%. Cash payout ratio: 51%.
Major Estimate Revision • May 14Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$52.7b to NT$58.4b. EPS estimate increased from NT$12.24 to NT$14.91 per share. Net income forecast to grow 279% next year vs 44% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$659 to NT$825. Share price fell 10% to NT$850 over the past week.
Reported Earnings • May 11First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$2.03 (up from NT$0.32 in 1Q 2025). Revenue: NT$11.2b (up 32% from 1Q 2025). Net income: NT$1.31b (up NT$1.10b from 1Q 2025). Profit margin: 12% (up from 2.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance.
Price Target Changed • May 09Price target increased by 25% to NT$825Up from NT$659, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of NT$854. Stock is up 746% over the past year. The company is forecast to post earnings per share of NT$12.03 for next year compared to NT$3.01 last year.
Major Estimate Revision • Apr 28Consensus EPS estimates increase by 15%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$10.61 to NT$12.22. Revenue forecast steady at NT$52.7b. Net income forecast to grow 369% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$583 to NT$659. Share price rose 18% to NT$932 over the past week.
Buy Or Sell Opportunity • Apr 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 149% to NT$721. The fair value is estimated to be NT$596, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 106%. Revenue is forecast to grow by 66% in 2 years. Earnings are forecast to grow by 588% in the next 2 years.
Price Target Changed • Apr 14Price target increased by 16% to NT$552Up from NT$478, the current price target is an average from 11 analysts. New target price is 15% below last closing price of NT$646. Stock is up 599% over the past year. The company is forecast to post earnings per share of NT$12.15 for next year compared to NT$3.01 last year.
Buy Or Sell Opportunity • Mar 24Now 21% undervaluedOver the last 90 days, the stock has risen 105% to NT$491. The fair value is estimated to be NT$621, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 106%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 463% in the next 2 years.
Major Estimate Revision • Mar 03Consensus EPS estimates increase by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$53.3b to NT$57.6b. EPS estimate increased from NT$9.27 to NT$11.85 per share. Net income forecast to grow 326% next year vs 21% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$390 to NT$473. Share price was steady at NT$503 over the past week.
공시 • Feb 25Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 14, 2026Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 14, 2026, at 09:00 Taipei Standard Time. Location: no,338, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: NT$3.01 (vs NT$0.32 in FY 2024)Full year 2025 results: EPS: NT$3.01 (up from NT$0.32 in FY 2024). Revenue: NT$40.2b (up 24% from FY 2024). Net income: NT$1.95b (up NT$1.74b from FY 2024). Profit margin: 4.8% (up from 0.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% 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, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance.
New Risk • Feb 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.2% 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. This is currently the only risk that has been identified for the company.
Price Target Changed • Jan 22Price target increased by 7.7% to NT$301Up from NT$279, the current price target is an average from 11 analysts. New target price is 18% below last closing price of NT$369. Stock is up 171% over the past year. The company is forecast to post earnings per share of NT$2.55 for next year compared to NT$0.32 last year.
Reported Earnings • Nov 07Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: NT$1.12 (up from NT$0.091 in 3Q 2024). Revenue: NT$11.0b (up 19% from 3Q 2024). Net income: NT$724.9m (up NT$666.0m from 3Q 2024). Profit margin: 6.6% (up from 0.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 22% 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, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
Price Target Changed • Oct 31Price target increased by 12% to NT$249Up from NT$224, the current price target is an average from 11 analysts. New target price is 14% below last closing price of NT$291. Stock is up 121% over the past year. The company is forecast to post earnings per share of NT$2.54 for next year compared to NT$0.32 last year.
Price Target Changed • Oct 16Price target increased by 11% to NT$224Up from NT$201, the current price target is an average from 12 analysts. New target price is 21% below last closing price of NT$282. Stock is up 106% over the past year. The company is forecast to post earnings per share of NT$2.54 for next year compared to NT$0.32 last year.
Price Target Changed • Sep 23Price target increased by 7.3% to NT$186Up from NT$173, the current price target is an average from 12 analysts. New target price is 20% below last closing price of NT$233. Stock is up 68% over the past year. The company is forecast to post earnings per share of NT$2.56 for next year compared to NT$0.32 last year.
Major Estimate Revision • Sep 03Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$2.31 to NT$2.55. Revenue forecast steady at NT$39.6b. Net income forecast to grow 975% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$173. Share price fell 7.3% to NT$191 over the past week.
Price Target Changed • Aug 07Price target increased by 11% to NT$130Up from NT$117, the current price target is an average from 12 analysts. New target price is 25% below last closing price of NT$173. Stock is up 25% over the past year. The company is forecast to post earnings per share of NT$2.86 for next year compared to NT$0.32 last year.
Reported Earnings • Aug 07Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: NT$0.29 loss per share (down from NT$0.18 profit in 2Q 2024). Revenue: NT$9.58b (up 18% from 2Q 2024). Net loss: NT$187.4m (down 258% from profit in 2Q 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
New Risk • Jul 15New 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 8.1% 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 (8.1% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin).
Upcoming Dividend • Jun 26Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 06 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.2%).
공시 • May 29Nan Ya Printed Circuit Board Corporation Announces Cash Dividends, Payable on August 06, 2025Nan Ya Printed Circuit Board Corporation announced cash dividends of TWD 1 per common share. The payment date of common stock cash dividend distribution of August 06, 2025 with ex-rights (ex-dividend) trading date of July 03, 2025 and Ex-rights (ex-dividend) record date of July 09, 2025.
Declared Dividend • May 29Dividend of NT$1.00 announcedShareholders will receive a dividend of NT$1.00. Ex-date: 3rd July 2025 Payment date: 6th August 2025 Dividend yield will be 0.9%, which is lower than the industry average of 4.0%.
Reported Earnings • May 08First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$0.32 (up from NT$0.24 loss in 1Q 2024). Revenue: NT$8.46b (up 19% from 1Q 2024). Net income: NT$207.5m (up NT$359.9m from 1Q 2024). Profit margin: 2.5% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 15% 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, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance.
공시 • Apr 30Nan Ya Printed Circuit Board Corporation to Report Q1, 2025 Results on May 07, 2025Nan Ya Printed Circuit Board Corporation announced that they will report Q1, 2025 results on May 07, 2025
Major Estimate Revision • Apr 17Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$2.63 to NT$2.93. Revenue forecast steady at NT$38.1b. Net income forecast to grow 808% next year vs 24% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$121 to NT$115. Share price rose 5.5% to NT$88.80 over the past week.
Price Target Changed • Apr 08Price target decreased by 7.6% to NT$121Down from NT$131, the current price target is an average from 11 analysts. New target price is 42% above last closing price of NT$85.10. Stock is down 59% over the past year. The company is forecast to post earnings per share of NT$2.63 for next year compared to NT$0.32 last year.
Major Estimate Revision • Apr 02Consensus EPS estimates fall by 45%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$39.6b to NT$38.4b. EPS estimate also fell from NT$5.14 per share to NT$2.82 per share. Net income forecast to grow 796% next year vs 26% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$131 to NT$128. Share price fell 16% to NT$106 over the past week.
공시 • Mar 03Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 27, 2025Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 27, 2025. Location: no,338, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan
Major Estimate Revision • Mar 01Consensus 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$40.3b to NT$39.6b. EPS estimate also fell from NT$6.08 per share to NT$5.14 per share. Net income forecast to grow 162% next year vs 30% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$125 to NT$131. Share price fell 5.9% to NT$136 over the past week.
공시 • Mar 01Nan Ya Printed Circuit Board Corporation Proposes Dividend for the Year Ended December 31, 2024Nan Ya Printed Circuit Board Corporation proposed dividend distribution of TWD 1 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders is TWD 646,165,487.
공시 • Feb 20Nan Ya Printed Circuit Board Corporation to Report Fiscal Year 2024 Results on Feb 27, 2025Nan Ya Printed Circuit Board Corporation announced that they will report fiscal year 2024 results on Feb 27, 2025
New Risk • Jan 06New 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 6.1% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 409% Cash payout ratio: 302% Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin).
Price Target Changed • Jan 03Price target decreased by 8.3% to NT$122Down from NT$133, the current price target is an average from 10 analysts. New target price is 5.4% below last closing price of NT$129. Stock is down 43% over the past year. The company is forecast to post earnings per share of NT$0.19 for next year compared to NT$9.00 last year.
Major Estimate Revision • Dec 24Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$0.16 to NT$0.189. Revenue forecast steady at NT$32.7b. Net income forecast to grow 333% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$133. Share price rose 9.6% to NT$120 over the past week.
Price Target Changed • Nov 06Price target decreased by 7.8% to NT$135Down from NT$147, the current price target is an average from 10 analysts. New target price is 8.5% above last closing price of NT$125. Stock is down 46% over the past year. The company is forecast to post earnings per share of NT$2.51 for next year compared to NT$9.00 last year.
Reported Earnings • Nov 06Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$0.09 (down from NT$1.67 in 3Q 2023). Revenue: NT$9.19b (down 10% from 3Q 2023). Net income: NT$58.9m (down 95% from 3Q 2023). Profit margin: 0.6% (down from 11% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 90%. Revenue is forecast to grow 18% 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 fallen by 36% per year whereas the company’s share price has fallen by 39% per year.
공시 • Oct 29Nan Ya Printed Circuit Board Corporation to Report Q3, 2024 Results on Nov 05, 2024Nan Ya Printed Circuit Board Corporation announced that they will report Q3, 2024 results on Nov 05, 2024
Price Target Changed • Oct 21Price target decreased by 8.7% to NT$147Down from NT$161, the current price target is an average from 10 analysts. New target price is 6.2% above last closing price of NT$138. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$2.56 for next year compared to NT$9.00 last year.
Major Estimate Revision • Oct 09Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$2.36 to NT$2.60. Revenue forecast steady at NT$35.1b. Net income forecast to grow 101% next year vs 19% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$161. Share price fell 4.3% to NT$135 over the past week.
Major Estimate Revision • Sep 10Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$2.73 to NT$2.38 per share. Revenue forecast steady at NT$34.6b. Net income forecast to grow 111% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$165. Share price fell 14% to NT$123 over the past week.
Major Estimate Revision • Aug 17Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$35.8b to NT$34.9b. EPS estimate also fell from NT$3.13 per share to NT$2.73 per share. Net income forecast to grow 115% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$172 to NT$167. Share price rose 4.9% to NT$149 over the past week.
Price Target Changed • Aug 08Price target decreased by 11% to NT$172Down from NT$194, the current price target is an average from 10 analysts. New target price is 24% above last closing price of NT$139. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$3.13 for next year compared to NT$9.00 last year.
Reported Earnings • Aug 08Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: NT$0.18 (down from NT$2.43 in 2Q 2023). Revenue: NT$8.12b (down 20% from 2Q 2023). Net income: NT$118.6m (down 93% from 2Q 2023). Profit margin: 1.5% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 20% 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 fallen by 16% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$141, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$95.49 per share.
Major Estimate Revision • Jul 30Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$36.6b to NT$36.0b. EPS estimate also fell from NT$3.66 per share to NT$3.25 per share. Net income forecast to grow 2.6% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$194. Share price fell 6.9% to NT$169 over the past week.
공시 • Jul 30Nan Ya Printed Circuit Board Corporation to Report Q2, 2024 Results on Aug 06, 2024Nan Ya Printed Circuit Board Corporation announced that they will report Q2, 2024 results on Aug 06, 2024
Upcoming Dividend • Jul 09Upcoming dividend of NT$5.50 per shareEligible shareholders must have bought the stock before 16 July 2024. Payment date: 14 August 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%).
Major Estimate Revision • Jun 04Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$4.31 to NT$3.75 per share. Revenue forecast steady at NT$36.9b. Net income forecast to grow 30% next year vs 27% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$199. Share price fell 2.5% to NT$197 over the past week.
공시 • May 30Nan Ya Printed Circuit Board Corporation Announces Cash Dividend, Payable on August 14, 2024Nan Ya Printed Circuit Board Corporation announced Cash dividend of TWD 5.5 per common share. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is May 28, 2024. Ex-rights (ex-dividend) trading date is July 16, 2024. Ex-rights (ex-dividend) record date is July 22, 2024. Payment date of common stock cash dividend distribution is August 14, 2024.
Major Estimate Revision • May 29Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$4.31 to NT$3.75 per share. Revenue forecast steady at NT$36.7b. Net income forecast to grow 24% next year vs 28% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$204 unchanged from last update. Share price rose 10% to NT$207 over the past week.
Major Estimate Revision • May 13Consensus EPS estimates fall by 44%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$41.5b to NT$37.5b. EPS estimate also fell from NT$7.67 per share to NT$4.31 per share. Net income forecast to grow 38% next year vs 33% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$207 to NT$196. Share price rose 2.2% to NT$189 over the past week.
Reported Earnings • May 07First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: NT$0.24 loss per share (down from NT$3.60 profit in 1Q 2023). Revenue: NT$7.10b (down 44% from 1Q 2023). Net loss: NT$152.4m (down 107% from profit in 1Q 2023). Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 18% 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 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
공시 • Apr 28Nan Ya Printed Circuit Board Corporation to Report Q1, 2024 Results on May 03, 2024Nan Ya Printed Circuit Board Corporation announced that they will report Q1, 2024 results on May 03, 2024
공시 • Mar 01Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 28, 2024Nan Ya Printed Circuit Board Corporation, Annual General Meeting, May 28, 2024. Location: No.338, Sec. 1, Nankan Rd., Luzhu Dist Taoyuan City Taiwan Agenda: To consider business report for 2023; to consider audit committee's review report for 2023; to consider report of the distribution of employee compensation for 2023; to consider report of the distribution of cash dividend for 2023; to ratify the business report and financial statements for 2023; to ratify the proposal for the distribution of 2023 profits; to approve the amendment of articles of incorporation of the company; and to consider other issues.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: NT$9.00 (vs NT$30.05 in FY 2022)Full year 2023 results: EPS: NT$9.00 (down from NT$30.05 in FY 2022). Revenue: NT$42.3b (down 35% from FY 2022). Net income: NT$5.82b (down 70% from FY 2022). Profit margin: 14% (down from 30% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
공시 • Feb 28Nan Ya Printed Circuit Board Corporation, Annual General Meeting, Feb 27, 2024Nan Ya Printed Circuit Board Corporation, Annual General Meeting, Feb 27, 2024. Agenda: To discuss Profit distribution/ deficit compensation:Decided not to issue Dividends; to consider Business report and financial statements: Ratified the Business Report and Financial Statements for 2023; to consider Elections for board of directors and supervisors; and to discuss other matters.
Price Target Changed • Dec 27Price target decreased by 7.6% to NT$240Down from NT$260, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$250. Stock is up 8.0% over the past year. The company is forecast to post earnings per share of NT$9.16 for next year compared to NT$30.05 last year.
Price Target Changed • Nov 08Price target decreased by 8.3% to NT$260Down from NT$283, the current price target is an average from 11 analysts. New target price is 12% above last closing price of NT$231. Stock is down 1.5% over the past year. The company is forecast to post earnings per share of NT$9.04 for next year compared to NT$30.05 last year.
Reported Earnings • Nov 04Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: NT$1.66 (down from NT$8.54 in 3Q 2022). Revenue: NT$10.2b (down 41% from 3Q 2022). Net income: NT$1.08b (down 81% from 3Q 2022). Profit margin: 11% (down from 32% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.8% 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 only increased by 22% per year, which means it is significantly lagging earnings growth.
공시 • Oct 06Nan Ya Printed Circuit Board Corporation Announces Executive Changes, Effective on October 12, 2023Nan Ya Printed Circuit Board Corporation announced that the change of chief information security officer. Name, title, and resume of the previous position holder: Yi-Cheng Chen, Senior Administrator of Nan Ya PCB President Office. Name, title, and resume of the new position holder: Chya-Wei Chuang, Department Manager of Nan Ya PCB President Office. Effective date is October 12, 2023.
Board Change • Aug 29Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Xue-Ren Jian was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 05Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$2.43 (down from NT$7.53 in 2Q 2022). Revenue: NT$10.1b (down 33% from 2Q 2022). Net income: NT$1.57b (down 68% from 2Q 2022). Profit margin: 16% (down from 32% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
공시 • Jul 23Nan Ya Printed Circuit Board Corporation Announces Chief Internal Auditor ChangesNan Ya Printed Circuit Board Corporation announced the retirement of Feng-Shen Lin as Chief internal auditor, effective from July 20, 2023. Kuo-Chun AI will temporarily act as the internal audit officer and the new replacement will be announced after the approval by the Audit Committee and Board of Directors of the Company. The new replacement will be announced after the approval by the Audit Committee and Board of Directorsof the Company.
Major Estimate Revision • Jul 13Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$49.1b to NT$47.7b. EPS estimate also fell from NT$13.02 per share to NT$11.40 per share. Net income forecast to shrink 46% next year vs 3.6% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$303 to NT$293. Share price rose 3.5% to NT$265 over the past week.
Upcoming Dividend • Jun 08Upcoming dividend of NT$18.00 per share at 6.4% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).
Price Target Changed • Jun 07Price target increased by 7.8% to NT$303Up from NT$281, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of NT$290. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$13.57 for next year compared to NT$30.05 last year.
공시 • May 25Nan Ya Printed Circuit Board Corporation Announces Cash Dividend, Payable on July 19, 2023Nan Ya Printed Circuit Board Corporation announced cash dividends of TWD 18 per common share at its board meeting held on May 23, 2023. Ex-rights (ex-dividend) record date is June 21, 2023. Payment date of cash dividend distribution is July 19, 2023.
공시 • May 24Nan Ya Printed Circuit Board Corporation Announces Management ChangesNan Ya Printed Circuit Board Corporation announced the resignation of Cheng-I Wang as Member of Audit Committee, effective May 23, 2023. Cheng-I Wang is an Independent Director of Nan Ya PCB and Former Political Deputy Minister of MOF. The company announced the appointment of Shui-Chi Chuang as Member of Audit Committee, effective May 23, 2023. Shui-Chi Chuang is an Independent Director of Nan Ya PCB and Former Director of Customs Administration of MOF, Deputy Director of Customs Administration.
Price Target Changed • May 06Price target increased by 7.5% to NT$272Up from NT$253, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$278. Stock is down 31% over the past year. The company is forecast to post earnings per share of NT$14.99 for next year compared to NT$30.05 last year.
Major Estimate Revision • May 05Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$58.8b to NT$50.7b. EPS estimate fell from NT$21.63 to NT$16.07 per share. Net income forecast to shrink 44% next year vs 7.3% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$251 to NT$257. Share price was steady at NT$278 over the past week.
Major Estimate Revision • Mar 03Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$65.0b to NT$60.2b. EPS estimate also fell from NT$26.34 per share to NT$22.59 per share. Net income forecast to shrink 25% next year vs 3.1% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$261 to NT$246. Share price rose 10% to NT$259 over the past week.
Price Target Changed • Mar 01Price target decreased by 7.6% to NT$243Down from NT$263, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$241. Stock is down 56% over the past year. The company is forecast to post earnings per share of NT$22.27 for next year compared to NT$30.05 last year.
Reported Earnings • Feb 25Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: NT$30.05 (up from NT$16.38 in FY 2021). Revenue: NT$64.6b (up 24% from FY 2021). Net income: NT$19.4b (up 84% from FY 2021). Profit margin: 30% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jan 09Price target decreased to NT$277Down from NT$304, the current price target is an average from 12 analysts. New target price is 17% above last closing price of NT$236. Stock is down 54% over the past year. The company is forecast to post earnings per share of NT$30.23 for next year compared to NT$16.38 last year.
Buying Opportunity • Dec 28Now 21% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be NT$294, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 89%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 22% in the next 2 years.
Price Target Changed • Nov 16Price target decreased to NT$332Down from NT$360, the current price target is an average from 14 analysts. New target price is 22% above last closing price of NT$273. Stock is down 51% over the past year. The company is forecast to post earnings per share of NT$30.16 for next year compared to NT$16.38 last year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Xue-Ren Jian was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$257, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 406% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$313 per share.
Reported Earnings • Nov 05Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$8.54 (up from NT$4.82 in 3Q 2021). Revenue: NT$17.2b (up 22% from 3Q 2021). Net income: NT$5.52b (up 77% from 3Q 2021). Profit margin: 32% (up from 22% in 3Q 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 8.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Aug 25Price target decreased to NT$414Down from NT$446, the current price target is an average from 13 analysts. New target price is 50% above last closing price of NT$276. Stock is down 27% over the past year. The company is forecast to post earnings per share of NT$28.07 for next year compared to NT$16.38 last year.
Reported Earnings • Aug 09Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$7.53 (up from NT$3.60 in 2Q 2021). Revenue: NT$15.2b (up 22% from 2Q 2021). Net income: NT$4.86b (up 109% from 2Q 2021). Profit margin: 32% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 20%, compared to a 8.8% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 84% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Aug 06Price target decreased to NT$461Down from NT$498, the current price target is an average from 12 analysts. New target price is 89% above last closing price of NT$244. Stock is down 41% over the past year. The company is forecast to post earnings per share of NT$28.87 for next year compared to NT$16.38 last year.
Valuation Update With 7 Day Price Move • Jul 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$239, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electronic industry in Taiwan. Total returns to shareholders of 515% over the past three years.