GTSM:6488

Stock Analysis Report

Executive Summary

GlobalWafers Co., Ltd., together with its subsidiaries, researches, designs, develops, manufactures, and markets semiconductor ingots and wafers in Taiwan, Korea, the United States, Japan, China, Germany, and internationally.

Snowflake

Fundamentals

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

5.5%

6488

3.8%

TW Semiconductor

2.6%

TW Market


1 Year Return

46.7%

6488

28.4%

TW Semiconductor

12.7%

TW Market


Shareholder returns

6488IndustryMarket
7 Day5.5%3.8%2.6%
30 Day20.6%7.7%2.1%
90 Day14.6%10.1%1.8%
1 Year57.9%46.7%33.6%28.4%17.7%12.7%
3 Year437.3%384.6%70.1%52.5%33.7%18.5%
5 Yearn/a123.1%85.2%55.3%27.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value:

Significantly Below Fair Value: 6488 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 6488 is good value based on its PE Ratio (11.1x) compared to the Semiconductor industry average (17.2x).

PE vs Market: 6488 is good value based on its PE Ratio (11.1x) compared to the TW market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: 6488's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 6488 is overvalued based on its PB Ratio (4.1x) compared to the TW Semiconductor industry average (1.6x).


Next Steps

Future Growth

How is GlobalWafers forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6488's earnings are forecast to decline over the next 3 years (-9.7% per year).

Earnings vs Market: 6488's earnings are forecast to decline over the next 3 years (-9.7% per year).

High Growth Earnings: 6488's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 6488's revenue (5.3% per year) is forecast to grow slower than the TW market (7.9% per year).

High Growth Revenue: 6488's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has GlobalWafers performed over the past 5 years?

51.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 6488's earnings have grown significantly by 51.4% per year over the past 5 years.

Accelerating Growth: 6488's earnings growth over the past year (48.9%) is below its 5-year average (51.4% per year).

Earnings vs Industry: 6488 earnings growth over the past year (48.9%) exceeded the Semiconductor industry -3.2%.


Return on Equity

High ROE: 6488's Return on Equity (36.6%) is considered high.


Return on Assets

ROA vs Industry: 6488 has a higher Return on Assets than the Semiconductor industry average last year.


Return on Capital Employed

ROCE Improving: 6488 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is GlobalWafers's financial position?


Financial Position Analysis

Short Term Liabilities: 6488's short term assets (NT$56.9B) exceeds its short term liabilities (NT$29.8B)

Long Term Liabilities: 6488's short term assets (56.9B) exceeds its long term liabilities (25.5B)


Debt to Equity History and Analysis

Debt Level: 6488's debt to equity ratio (1.4%) is considered satisfactory

Reducing Debt: 6488's debt to equity ratio has reduced from 17.6% to 1.4% over the past 5 years.

Debt Coverage: 6488's debt is well covered by operating cash flow (5033.6%).

Interest Coverage: 6488 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is GlobalWafers's current dividend yield, its reliability and sustainability?

6.63%

Current Dividend Yield


Dividend Yield vs Market

company6.6%marketbottom25%2.6%markettop25%6.0%industryaverage3.5%forecastin3Years6.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 6488's dividend (6.63%) is higher than the bottom 25% of dividend payers in the TW market (2.6%).

High Dividend: 6488's dividend (6.63%) is in the top 25% of dividend payers in the TW market (6.01%)

Stable Dividend: 6488 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6488's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.9%), 6488's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 6488's dividends in 3 years are forecast to be covered by earnings (73.7% payout ratio).


Next Steps

Management

What is the CEO of GlobalWafers's salary, the management and board of directors tenure and is there insider trading?

5.1yrs

Average board tenure


CEO

Doris Hsu (58yo)

8yrs

Tenure

0

Ms. Hsiu-lan Hsu, also known as Doris, serves as the Chairperson of GlobalWafers Co., Ltd. and has been its Chief Executive Officer since October 1, 2011. She serves as Director of Actron Technology Corpor ...


Board Age and Tenure

5.1yrs

Average Tenure

Experienced Board: 6488's board of directors are considered experienced (5.1 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Doris Hsu (58yo)

    Chairperson & CEO

    • Tenure: 8yrs
  • Sheng-Hsiung Hung (54yo)

    Vice President of Sales & Marketing

    • Tenure: 0yrs
  • Mark England

    President

    • Tenure: 0yrs
  • Chung-Wei Lee

    Vice President of Corporate Development

    • Tenure: 2.6yrs
  • Jason Chien

    Chief Financial Officer

    • Tenure: 0yrs
  • Yu-Ting Lo

    Accounting Manager

    • Tenure: 0yrs

Board Members

  • Tom Yao

    Representative Director

    • Tenure: 8yrs
  • Doris Hsu (58yo)

    Chairperson & CEO

    • Tenure: 8yrs
  • Kuo-Chow Chen (58yo)

    Director

    • Tenure: 5.4yrs
  • Ming-Kuang Lu

    Representative Director

    • Tenure: 8yrs
  • Chi-Hsiung Cheng

    Independent Director

    • Tenure: 4.8yrs
  • Cheng-Yuan Cheng

    Independent Director

    • Tenure: 1.3yrs
  • Kwang-Leei Young

    Independent Director

    • Tenure: 0.3yrs

Company Information

GlobalWafers Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GlobalWafers Co., Ltd.
  • Ticker: 6488
  • Exchange: GTSM
  • Founded: 2011
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: NT$164.416b
  • Shares outstanding: 436.12m
  • Website: https://www.sas-globalwafers.com

Location

  • GlobalWafers Co., Ltd.
  • Hsinchu Science Park
  • No.8, Industrial East Road 2
  • Hsinchu
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6488GTSM (Taipei Exchange)YesCommon StockTWTWDOct 2014
160249277BDL (Bourse de Luxembourg)SPON GDR EACH REP 1 SHSLUUSDApr 2017

Biography

GlobalWafers Co., Ltd., together with its subsidiaries, researches, designs, develops, manufactures, and markets semiconductor ingots and wafers in Taiwan, Korea, the United States, Japan, China, Germany,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 15:14
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.