Hana Microelectronics Future Growth

Future criteria checks 3/6

Hana Microelectronics is forecast to grow earnings and revenue by 21.4% and 6.1% per annum respectively. EPS is expected to grow by 20.3% per annum. Return on equity is forecast to be 9.8% in 3 years.

Key information

21.4%

Earnings growth rate

20.3%

EPS growth rate

Electronic earnings growth	13.6%
Revenue growth rate	6.1%
Future return on equity	9.8%
Analyst coverage	Good
Last updated	16 Dec 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:HANA - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	29,090	2,106	1,747	3,407	12
12/31/2025	26,992	1,744	1,685	3,287	15
12/31/2024	25,574	1,437	513	4,115	15
9/30/2024	26,120	1,220	3,291	4,632	N/A
6/30/2024	26,295	1,548	1,685	4,092	N/A
3/31/2024	26,471	1,807	1,064	4,071	N/A
12/31/2023	26,591	1,761	596	3,250	N/A
9/30/2023	27,506	2,711	797	3,363	N/A
6/30/2023	28,490	2,394	-308	2,245	N/A
3/31/2023	27,970	2,004	-1,052	1,147	N/A
12/31/2022	27,623	2,102	-1,150	1,342	N/A
9/30/2022	26,685	970	-3,291	-185	N/A
6/30/2022	25,366	1,117	-3,298	360	N/A
3/31/2022	25,038	1,609	-3,337	756	N/A
12/31/2021	24,114	1,545	-3,222	907	N/A
9/30/2021	23,132	2,303	-1,159	2,257	N/A
6/30/2021	21,722	2,060	284	2,649	N/A
3/31/2021	20,232	2,005	1,364	2,861	N/A
12/31/2020	19,624	1,908	1,705	2,905	N/A
9/30/2020	19,266	1,765	1,547	2,857	N/A
6/30/2020	19,597	1,852	1,669	2,980	N/A
3/31/2020	20,143	1,705	1,819	3,160	N/A
12/31/2019	20,673	1,805	1,714	3,121	N/A
9/30/2019	21,452	1,893	1,082	2,908	N/A
6/30/2019	22,275	2,391	982	2,936	N/A
3/31/2019	22,569	2,125	255	2,357	N/A
12/31/2018	22,640	2,375	572	2,480	N/A
9/30/2018	22,323	2,353	848	2,201	N/A
6/30/2018	22,079	2,218	N/A	2,415	N/A
3/31/2018	21,847	2,624	N/A	2,922	N/A
12/31/2017	21,846	2,888	N/A	3,014	N/A
9/30/2017	22,208	2,898	N/A	3,570	N/A
6/30/2017	21,743	2,698	N/A	3,029	N/A
3/31/2017	21,272	2,439	N/A	2,820	N/A
12/31/2016	20,783	2,105	N/A	3,008	N/A
9/30/2016	20,172	2,292	N/A	2,748	N/A
6/30/2016	20,168	2,051	N/A	3,115	N/A
3/31/2016	20,519	2,034	N/A	2,914	N/A
12/31/2015	20,766	2,066	N/A	2,956	N/A
9/30/2015	20,953	1,787	N/A	2,420	N/A
6/30/2015	21,382	2,045	N/A	2,440	N/A
3/31/2015	21,792	2,332	N/A	2,909	N/A
12/31/2014	21,482	3,405	N/A	4,184	N/A
9/30/2014	20,993	3,441	N/A	3,927	N/A
6/30/2014	20,265	3,421	N/A	4,238	N/A
3/31/2014	19,064	3,747	N/A	4,464	N/A
12/31/2013	18,020	2,301	N/A	3,236	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HANA's forecast earnings growth (21.4% per year) is above the savings rate (2%).

Earnings vs Market: HANA's earnings (21.4% per year) are forecast to grow faster than the TH market (16.7% per year).

High Growth Earnings: HANA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HANA's revenue (6.1% per year) is forecast to grow slower than the TH market (6.5% per year).

High Growth Revenue: HANA's revenue (6.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HANA's Return on Equity is forecast to be low in 3 years time (9.8%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 12:17
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

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Analyst Sources

Hana Microelectronics Public Company Limited is covered by 28 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Saksid Phadthananarak	BNP Paribas Securities (Asia)
Jindarat Laotaveerungsawat	Bualuang Securities PCL
Napon Jaisan	Bualuang Securities PCL

Hana Microelectronics Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 13%

Price target decreased by 9.0% to ฿52.27

Price target decreased by 7.8% to ฿63.58

Price target increased by 8.4% to ฿68.35

Consensus EPS estimates increase by 13%

Recent updates

Now 21% overvalued

New minor risk - Share price stability

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 21%

Hana Microelectronics Public Company Limited to Report Q3, 2024 Results on Nov 13, 2024

Hana Microelectronics Public Company Limited to Report Q3, 2024 Results on Nov 13, 2024

Consensus EPS estimates fall by 11%

Second quarter 2024 earnings: EPS misses analyst expectations

Investor sentiment improves as stock rises 16%

Hana Microelectronics Public Company Limited (SET:HANA) competed the acquisition of 30% stake in Edelteq Ventures Sdn Bhd from Edelteq Holdings Berhad (KLSE:EDELTEQ).

First quarter 2024 earnings released: EPS: ฿0.35 (vs ฿0.33 in 1Q 2023)

Hana Microelectronics Public Company Limited Approves Dividend for the Year 2023, Payable on 17 May 2024

Consensus EPS estimates fall by 13%

Upcoming dividend of ฿0.50 per share

Final dividend of ฿0.50 announced

Hana Microelectronics Public Company Limited, Annual General Meeting, Apr 30, 2024

Price target decreased by 9.0% to ฿52.27

Full year 2023 earnings released: EPS: ฿2.14 (vs ฿2.61 in FY 2022)

Hana Microelectronics Public Company Limited Proposes Final Dividend Payment, Payable on 17 May 2024

Investor sentiment improves as stock rises 15%

Upcoming dividend of ฿0.50 per share at 2.2% yield

Price target decreased by 7.8% to ฿63.58

Hana Microelectronics Public Company Limited Announces Interim Dividend for the Nine Months Ended September 30, 2023, Payable on December 13, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

New minor risk - Shareholder dilution

Price target increased by 8.4% to ฿68.35

Investor sentiment improves as stock rises 20%

Consensus EPS estimates increase by 13%

Price target increased by 17% to ฿55.94

Second quarter 2023 earnings released: EPS: ฿0.79 (vs ฿0.30 in 2Q 2022)

Investor sentiment improves as stock rises 17%

Price target decreased by 9.4% to ฿52.15

Consensus EPS estimates fall by 16%, revenue upgraded

First quarter 2023 earnings released: EPS: ฿0.33 (vs ฿0.45 in 1Q 2022)

Investor sentiment deteriorates as stock falls 19%

Upcoming dividend of ฿0.50 per share at 1.8% yield

High number of new directors

Less than half of directors are independent

Hana Microelectronics Public Company Limited Announces Executive Changes

Consensus EPS estimates increase by 25%

Upcoming dividend of ฿0.50 per share

Investor sentiment improved over the past week

Price target increased to ฿50.08

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Hana Microelectronics Public Company Limited Announces Interim Dividend for the Period from January 1, 2022 to June 30, 2022, Payable on December 14, 2022

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued after recent price drop

Consensus forecasts updated

Price target decreased to ฿58.58

First quarter 2022 earnings: Revenues miss analyst expectations

Hana Microelectronics Public Company Limited Announces Board Appointments

Price target decreased to ฿63.54

Investor sentiment deteriorated over the past week

Price target decreased to ฿91.15

Full year 2021 earnings: EPS misses analyst expectations

Hana Microelectronics Public Company Limited Proposes Dividend for the Year 2021, Payable on May 17, 2022

Price target increased to ฿93.43

Price target increased to ฿89.23

Third quarter 2021 earnings released: EPS ฿0.70 (vs ฿0.40 in 3Q 2020)

Upcoming dividend of ฿1.00 per share

Price target increased to ฿82.90

Price target increased to ฿81.09

Second quarter 2021 earnings released: EPS ฿0.92 (vs ฿0.85 in 2Q 2020)

Price target increased to ฿72.63

Price target increased to ฿66.08

Price target increased to ฿62.31

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS ฿0.37 (vs ฿0.25 in 1Q 2020)

Hana Microelectronics Public Company Limited Approves Annual Dividend for the Year 2020, Payable on 17 May 2021