Market Cap
NT$11.7b
Last Updated
2021/04/14 08:35 UTC
Data Sources
Company Financials
Executive Summary
MPI Corporation manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Similar Companies
Share Price & News
How has MPI's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6223 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 6223's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of TW stocks.
Market Performance
7 Day Return
-0.4%
6223
-0.7%
TW Semiconductor
0.7%
TW Market
1 Year Return
115.6%
6223
112.4%
TW Semiconductor
63.5%
TW Market
Return vs Industry: 6223 exceeded the TW Semiconductor industry which returned 112.4% over the past year.
Return vs Market: 6223 exceeded the TW Market which returned 63.5% over the past year.
Shareholder returns
| 6223 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -0.7% | 0.7% |
| 30 Day | 7.6% | 1.7% | 4.2% |
| 90 Day | 5.4% | 3.7% | 7.7% |
| 1 Year | 120.1%115.6% | 117.8%112.4% | 69.1%63.5% |
| 3 Year | 140.9%127.2% | 163.6%135.0% | 73.3%53.6% |
| 5 Year | 92.9%66.9% | 332.2%259.1% | 133.7%92.2% |
Long-Term Price Volatility Vs. Market
How volatile is MPI's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's Why We Think MPI (GTSM:6223) Is Well Worth Watching4 weeks ago | Simply Wall St
Is MPI Corporation (GTSM:6223) A Smart Choice For Dividend Investors?1 month ago | Simply Wall St
Did You Miss MPI's (GTSM:6223) 87% Share Price Gain?Valuation
Is MPI undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6223 (NT$128) is trading below our estimate of fair value (NT$273.16)
Significantly Below Fair Value: 6223 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 6223 is good value based on its PE Ratio (15.2x) compared to the TW Semiconductor industry average (29x).
PE vs Market: 6223 is good value based on its PE Ratio (15.2x) compared to the TW market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 6223's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 6223 is good value based on its PB Ratio (2.1x) compared to the TW Semiconductor industry average (2.9x).
Future Growth
How is MPI forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
15.0%
Forecasted Semiconductors industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MPI has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has MPI performed over the past 5 years?
13.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6223 has high quality earnings.
Growing Profit Margin: 6223's current net profit margins (12.1%) are higher than last year (7.8%).
Past Earnings Growth Analysis
Earnings Trend: 6223's earnings have grown by 13% per year over the past 5 years.
Accelerating Growth: 6223's earnings growth over the past year (66.6%) exceeds its 5-year average (13% per year).
Earnings vs Industry: 6223 earnings growth over the past year (66.6%) exceeded the Semiconductor industry 27.5%.
Return on Equity
High ROE: 6223's Return on Equity (12.6%) is considered low.
Financial Health
How is MPI's financial position?
Financial Position Analysis
Short Term Liabilities: 6223's short term assets (NT$5.2B) exceed its short term liabilities (NT$2.5B).
Long Term Liabilities: 6223's short term assets (NT$5.2B) exceed its long term liabilities (NT$850.1M).
Debt to Equity History and Analysis
Debt Level: 6223's debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: 6223's debt to equity ratio has reduced from 38.3% to 15.9% over the past 5 years.
Debt Coverage: 6223's debt is well covered by operating cash flow (148.4%).
Interest Coverage: 6223's interest payments on its debt are well covered by EBIT (75.1x coverage).
Balance Sheet
Dividend
What is MPI current dividend yield, its reliability and sustainability?
1.97%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6223's dividend (1.95%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2%).
High Dividend: 6223's dividend (1.95%) is low compared to the top 25% of dividend payers in the TW market (4.78%).
Stability and Growth of Payments
Stable Dividend: 6223's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6223's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.7%), 6223's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.8yrs
Average management tenure
CEO
Chang-Lin Ko
4.75yrs
Tenure
Mr. Chang-Lin Ko has been Chief Executive Officer at MPI corporation since July 11, 2016 and served as its Chairman. Mr. Ko was associated with Electronics Research & Service Organization and Industrial Te...
Leadership Team
Experienced Management: 6223's management team is seasoned and experienced (9.8 years average tenure).
Board Members
Experienced Board: 6223's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 15.2%.
Top Shareholders
Company Information
MPI Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: MPI Corporation
- Ticker: 6223
- Exchange: GTSM
- Founded: 1995
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: NT$11.694b
- Shares outstanding: 92.08m
- Website: https://www.mpi.com.tw
Location
- MPI Corporation
- No. 151,153 & 155, Zhonghe Street
- Hsinchu County
- Zhubei
- Taiwan
Listings
Biography
MPI Corporation manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment worldwide. The company offers probe cards comprising cantilever, F...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/14 08:35 |
| End of Day Share Price | 2021/04/13 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.