Hiwin Technologies Future Growth

Future criteria checks 2/6

Hiwin Technologies is forecast to grow earnings and revenue by 23.2% and 12.4% per annum respectively. EPS is expected to grow by 24.1% per annum. Return on equity is forecast to be 10% in 3 years.

Key information

23.2%

Earnings growth rate

24.13%

EPS growth rate

Machinery earnings growth	33.7%
Revenue growth rate	12.4%
Future return on equity	9.98%
Analyst coverage	Good
Last updated	05 Sep 2026

Recent future growth updates

Recent updates

Analysis Article • Apr 02

Estimating The Fair Value Of Hiwin Technologies Corporation (TWSE:2049)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Hiwin Technologies fair value estimate is NT$248 Hiwin...

Analysis Article • Feb 18

Earnings Tell The Story For Hiwin Technologies Corporation (TWSE:2049) As Its Stock Soars 26%

Despite an already strong run, Hiwin Technologies Corporation ( TWSE:2049 ) shares have been powering on, with a gain...

Analysis Article • Feb 17

There Are Reasons To Feel Uneasy About Hiwin Technologies' (TWSE:2049) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...

Analysis Article • Feb 03

Here's Why Hiwin Technologies (TWSE:2049) Can Manage Its Debt Responsibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Analysis Article • Jan 01

Is Now An Opportune Moment To Examine Hiwin Technologies Corporation (TWSE:2049)?

Hiwin Technologies Corporation ( TWSE:2049 ), might not be a large cap stock, but it saw a significant share price rise...

Analysis Article • Dec 18

Hiwin Technologies Corporation's (TWSE:2049) 26% Jump Shows Its Popularity With Investors

Despite an already strong run, Hiwin Technologies Corporation ( TWSE:2049 ) shares have been powering on, with a gain...

Analysis Article • Dec 02

Hiwin Technologies Corporation (TWSE:2049) Just Reported Earnings, And Analysts Cut Their Target Price

Last week saw the newest quarterly earnings release from Hiwin Technologies Corporation ( TWSE:2049 ), an important...

Analysis Article • Jul 18

We Think Hiwin Technologies (TWSE:2049) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Analysis Article • May 13

Hiwin Technologies Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Last week saw the newest first-quarter earnings release from Hiwin Technologies Corporation ( TWSE:2049 ), an important...

Analysis Article • Apr 21

Is Now The Time To Look At Buying Hiwin Technologies Corporation (TWSE:2049)?

While Hiwin Technologies Corporation ( TWSE:2049 ) might not have the largest market cap around , it saw significant...

Analysis Article • Apr 05

Hiwin Technologies Corporation's (TWSE:2049) Earnings Haven't Escaped The Attention Of Investors

Hiwin Technologies Corporation's ( TWSE:2049 ) price-to-earnings (or "P/E") ratio of 46.9x might make it look like a...

Analysis Article • Mar 21

Hiwin Technologies' (TWSE:2049) Returns On Capital Not Reflecting Well On The Business

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Analysis Article • Mar 01

Earnings Miss: Hiwin Technologies Corporation Missed EPS By 10% And Analysts Are Revising Their Forecasts

Hiwin Technologies Corporation ( TWSE:2049 ) shareholders are probably feeling a little disappointed, since its shares...

Earnings and Revenue Growth Forecasts

TWSE:2049 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	36,120	4,375	3,913	6,904	10
12/31/2027	33,446	4,070	2,429	5,426	16
12/31/2026	29,626	3,346	1,066	4,294	16
6/30/2026	26,386	2,335	3,518	5,936	N/A
3/31/2026	24,803	1,622	2,007	4,596	N/A
12/31/2025	24,263	1,526	1,511	4,277	N/A
9/30/2025	24,135	1,394	637	3,657	N/A
6/30/2025	24,467	1,613	-10	3,218	N/A
3/31/2025	24,724	2,059	187	3,492	N/A
12/31/2024	24,392	1,972	-96	3,619	N/A
9/30/2024	23,774	1,974	247	3,634	N/A
6/30/2024	24,005	1,941	1,858	5,136	N/A
3/31/2024	24,405	1,985	1,970	5,408	N/A
12/31/2023	24,633	2,035	1,826	4,770	N/A
9/30/2023	24,467	2,162	2,641	5,205	N/A
6/30/2023	25,830	2,957	3,427	5,820	N/A
3/31/2023	27,482	3,557	3,236	5,576	N/A
12/31/2022	29,315	4,479	3,900	6,078	N/A
9/30/2022	30,418	4,612	4,439	6,848	N/A
6/30/2022	30,027	4,542	4,059	6,373	N/A
3/31/2022	28,840	4,367	5,620	7,754	N/A
12/31/2021	27,265	3,532	5,902	8,160	N/A
9/30/2021	26,721	3,508	5,624	7,619	N/A
6/30/2021	25,064	3,078	5,393	7,305	N/A
3/31/2021	23,644	2,593	4,866	6,501	N/A
12/31/2020	21,267	1,930	3,622	5,251	N/A
9/30/2020	19,130	1,401	2,524	4,449	N/A
6/30/2020	18,318	863	676	3,494	N/A
3/31/2020	18,776	1,114	N/A	2,449	N/A
12/31/2019	20,210	1,865	N/A	1,394	N/A
9/30/2019	22,844	2,696	N/A	1,145	N/A
6/30/2019	26,134	4,050	N/A	1,804	N/A
3/31/2019	27,828	4,797	N/A	3,065	N/A
12/31/2018	29,333	5,392	N/A	5,150	N/A
9/30/2018	28,833	5,369	N/A	6,463	N/A
6/30/2018	26,096	4,525	N/A	6,350	N/A
3/31/2018	23,418	3,668	N/A	6,582	N/A
12/31/2017	21,165	2,738	N/A	6,566	N/A
9/30/2017	19,579	2,354	N/A	6,404	N/A
6/30/2017	18,184	1,780	N/A	6,527	N/A
3/31/2017	17,434	1,469	N/A	5,651	N/A
12/31/2016	16,118	1,327	N/A	4,429	N/A
9/30/2016	14,717	968	N/A	2,778	N/A
6/30/2016	14,258	1,239	N/A	1,732	N/A
3/31/2016	14,228	1,270	N/A	998	N/A
12/31/2015	14,881	1,642	N/A	1,046	N/A
9/30/2015	16,016	2,321	N/A	2,162	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2049's forecast earnings growth (23.2% per year) is above the savings rate (1.3%).

Earnings vs Market: 2049's earnings (23.2% per year) are forecast to grow slower than the TW market (25% per year).

High Growth Earnings: 2049's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2049's revenue (12.4% per year) is forecast to grow slower than the TW market (21.7% per year).

High Growth Revenue: 2049's revenue (12.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2049's Return on Equity is forecast to be low in 3 years time (10%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/12 20:20
End of Day Share Price	2026/09/11 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hiwin Technologies Corporation is covered by 26 analysts. 16 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
Sebastian Hou	Barclays
Tomohiko Sano	Barclays
Ming-Hsun Lee	BofA Global Research

Hiwin Technologies Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.6% to NT$385

Consensus EPS estimates increase by 14%

Price target increased by 9.1% to NT$310

Consensus EPS estimates increase by 30%

Consensus EPS estimates increase by 12%

Price target increased by 8.1% to NT$229

Recent updates

New minor risk - Share price stability

Second quarter 2026 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.6% to NT$385

Consensus EPS estimates increase by 14%

Investor sentiment improves as stock rises 26%

Upcoming dividend of NT$2.00 per share

Dividend reduced to NT$2.00

Now 22% overvalued after recent price rise

Price target increased by 9.1% to NT$310

Consensus EPS estimates increase by 30%

New minor risk - Share price stability

Now 25% overvalued after recent price rise

Consensus EPS estimates increase by 12%

Hiwin Technologies Corporation, Annual General Meeting, May 27, 2026

Full year 2025 earnings released: EPS: NT$4.31 (vs NT$5.57 in FY 2024)

Price target increased by 8.1% to NT$229

Now 21% undervalued

Now 21% undervalued

Investor sentiment improves as stock rises 15%

New minor risk - Profit margin trend

Third quarter 2025 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 23%

Now 23% undervalued

Second quarter 2025 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 17%

Now 20% undervalued

Now 21% undervalued

Upcoming dividend of NT$2.40 per share

Now 22% undervalued

Dividend reduced to NT$2.40

Hiwin Technologies Corporation Approves Board Elections

Investor sentiment improves as stock rises 16%

Price target decreased by 17% to NT$244

First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates fall by 19%

Hiwin Technologies Corporation to Report Q1, 2025 Results on May 09, 2025

Investor sentiment improves as stock rises 24%

Now 22% undervalued after recent price drop

Estimating The Fair Value Of Hiwin Technologies Corporation (TWSE:2049)

Full year 2024 earnings: EPS misses analyst expectations

Price target increased by 8.7% to NT$298

Hiwin Technologies Corporation, Annual General Meeting, May 28, 2025

Hiwin Technologies Corporation to Report Fiscal Year 2024 Results on Feb 26, 2025

Earnings Tell The Story For Hiwin Technologies Corporation (TWSE:2049) As Its Stock Soars 26%

There Are Reasons To Feel Uneasy About Hiwin Technologies' (TWSE:2049) Returns On Capital

Now 23% overvalued after recent price rise

Here's Why Hiwin Technologies (TWSE:2049) Can Manage Its Debt Responsibly

Is Now An Opportune Moment To Examine Hiwin Technologies Corporation (TWSE:2049)?

Now 25% overvalued after recent price rise

Investor sentiment improves as stock rises 18%

Hiwin Technologies Corporation's (TWSE:2049) 26% Jump Shows Its Popularity With Investors

New minor risk - Share price stability

Calculating The Fair Value Of Hiwin Technologies Corporation (TWSE:2049)

Third quarter 2024 earnings: EPS exceeds analyst expectations

Hiwin Technologies Corporation to Report Q3, 2024 Results on Nov 12, 2024

Now 21% overvalued after recent price rise

Does Hiwin Technologies (TWSE:2049) Have A Healthy Balance Sheet?

Investor sentiment improves as stock rises 16%

Now 21% overvalued after recent price rise

What Is Hiwin Technologies Corporation's (TWSE:2049) Share Price Doing?

What You Can Learn From Hiwin Technologies Corporation's (TWSE:2049) P/E

Calculating The Intrinsic Value Of Hiwin Technologies Corporation (TWSE:2049)

Hiwin Technologies Corporation (TWSE:2049) Just Reported Earnings, And Analysts Cut Their Target Price

Second quarter 2024 earnings: EPS misses analyst expectations

Hiwin Technologies Corporation to Report Q2, 2024 Results on Aug 13, 2024

We Think Hiwin Technologies (TWSE:2049) Can Stay On Top Of Its Debt

Upcoming dividend of NT$2.50 per share

Dividend of NT$2.50 announced

Hiwin Technologies Corporation Approves Cash Dividend, Payable on August 8, 2024