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Market Cap

NT$63.5b

Last Updated

2021/04/21 08:32 UTC

Data Sources

Company Financials +

Executive Summary

eMemory Technology Inc. researches, develops, manufactures, and sells flash memory integrated circuits. More Details


Snowflake Analysis

Exceptional growth potential with outstanding track record.


Similar Companies

Share Price & News

How has eMemory Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3529 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 3529's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of TW stocks.


Market Performance


7 Day Return

2.3%

3529

-1.5%

TW Semiconductor

2.0%

TW Market


1 Year Return

244.2%

3529

106.0%

TW Semiconductor

66.7%

TW Market

Return vs Industry: 3529 exceeded the TW Semiconductor industry which returned 108.3% over the past year.

Return vs Market: 3529 exceeded the TW Market which returned 68.2% over the past year.


Shareholder returns

3529IndustryMarket
7 Day2.3%-1.5%2.0%
30 Day2.5%2.7%6.3%
90 Day21.9%-5.2%7.5%
1 Year248.9%244.2%111.3%106.0%72.4%66.7%
3 Year170.8%156.6%175.5%145.5%81.1%60.4%
5 Year158.7%136.7%332.5%259.4%141.0%98.1%

Long-Term Price Volatility Vs. Market

How volatile is eMemory Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is eMemory Technology undervalued compared to its fair value and its price relative to the market?

89.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3529 (NT$852) is trading above our estimate of fair value (NT$281.2)

Significantly Below Fair Value: 3529 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3529 is poor value based on its PE Ratio (89.5x) compared to the TW Semiconductor industry average (28.5x).

PE vs Market: 3529 is poor value based on its PE Ratio (89.5x) compared to the TW market (21x).


Price to Earnings Growth Ratio

PEG Ratio: 3529 is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: 3529 is overvalued based on its PB Ratio (31.8x) compared to the TW Semiconductor industry average (2.9x).


Future Growth

How is eMemory Technology forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

31.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3529's forecast earnings growth (31.1% per year) is above the savings rate (0.8%).

Earnings vs Market: 3529's earnings (31.1% per year) are forecast to grow faster than the TW market (16.3% per year).

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

Revenue vs Market: 3529's revenue (20.9% per year) is forecast to grow faster than the TW market (9.8% per year).

High Growth Revenue: 3529's revenue (20.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3529's Return on Equity is forecast to be very high in 3 years time (52.8%).


Past Performance

How has eMemory Technology performed over the past 5 years?

4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3529 has high quality earnings.

Growing Profit Margin: 3529's current net profit margins (39.9%) are higher than last year (38.4%).


Past Earnings Growth Analysis

Earnings Trend: 3529's earnings have grown by 4.3% per year over the past 5 years.

Accelerating Growth: 3529's earnings growth over the past year (30.6%) exceeds its 5-year average (4.3% per year).

Earnings vs Industry: 3529 earnings growth over the past year (30.6%) exceeded the Semiconductor industry 27.7%.


Return on Equity

High ROE: 3529's Return on Equity (35.2%) is considered high.


Financial Health

How is eMemory Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 3529's short term assets (NT$1.9B) exceed its short term liabilities (NT$448.1M).

Long Term Liabilities: 3529's short term assets (NT$1.9B) exceed its long term liabilities (NT$23.8M).


Debt to Equity History and Analysis

Debt Level: 3529 is debt free.

Reducing Debt: 3529 had no debt 5 years ago.

Debt Coverage: 3529 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3529 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is eMemory Technology current dividend yield, its reliability and sustainability?

1.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3529's dividend (1.06%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.91%).

High Dividend: 3529's dividend (1.06%) is low compared to the top 25% of dividend payers in the TW market (4.71%).


Stability and Growth of Payments

Stable Dividend: 3529's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3529's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.5%), 3529's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3529's dividends in 3 years are not forecast to be well covered by earnings (95.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.7yrs

Average management tenure


CEO

Rick Shen

11.5yrs

Tenure

Dr. Rick Shen, Ph.D, has been the President of eMemory Technology Inc. since October 2009 and its Director since June 19, 2012. Dr. Shen served as eMemory’s Vice President in charge of operation and techno...


Leadership Team

Experienced Management: 3529's management team is seasoned and experienced (9.7 years average tenure).


Board Members

Experienced Board: 3529's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

eMemory Technology Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: eMemory Technology Inc.
  • Ticker: 3529
  • Exchange: GTSM
  • Founded: 2000
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$63.479b
  • Shares outstanding: 74.51m
  • Website: https://www.ememory.com.tw

Location

  • eMemory Technology Inc.
  • No. 5, Tai-Yuan 1st Street
  • 8th Floor
  • Zhubei
  • 30288
  • Taiwan

Listings


Biography

eMemory Technology Inc. researches, develops, manufactures, and sells flash memory integrated circuits. It offers NeoBit, a programmable logic device that embeds into various CMOS processes, including logi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/21 08:32
End of Day Share Price2021/04/20 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.