NOT FOR DISTRIBUTION
Header cover image

Market Cap

NT$14.6b

Last Updated

2021/04/11 08:55 UTC

Data Sources

Company Financials +

Executive Summary

M31 Technology Corporation operates as a professional silicon intellectual property (IP) provider. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential.

Share Price & News

How has M31 Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6643 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 6643's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TW stocks.


Market Performance


7 Day Return

43.1%

6643

2.3%

TW Semiconductor

1.9%

TW Market


1 Year Return

103.0%

6643

120.1%

TW Semiconductor

66.4%

TW Market

Return vs Industry: 6643 underperformed the TW Semiconductor industry which returned 117.7% over the past year.

Return vs Market: 6643 exceeded the TW Market which returned 66.6% over the past year.


Shareholder returns

6643IndustryMarket
7 Day43.1%2.3%1.9%
30 Day51.6%3.8%4.8%
90 Day35.6%9.7%9.9%
1 Year107.4%103.0%125.8%120.1%72.2%66.4%
3 Year90.4%78.7%161.4%133.1%71.1%51.6%
5 Yearn/a334.1%260.7%132.3%91.0%

Long-Term Price Volatility Vs. Market

How volatile is M31 Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is M31 Technology undervalued compared to its fair value and its price relative to the market?

45.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6643 (NT$470) is trading above our estimate of fair value (NT$190.73)

Significantly Below Fair Value: 6643 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6643 is poor value based on its PE Ratio (45.5x) compared to the TW Semiconductor industry average (29.1x).

PE vs Market: 6643 is poor value based on its PE Ratio (45.5x) compared to the TW market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: 6643 is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: 6643 is overvalued based on its PB Ratio (9.7x) compared to the TW Semiconductor industry average (3x).


Future Growth

How is M31 Technology forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

21.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6643's forecast earnings growth (21.3% per year) is above the savings rate (0.8%).

Earnings vs Market: 6643's earnings (21.3% 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: 6643's revenue (14.2% per year) is forecast to grow faster than the TW market (10.7% per year).

High Growth Revenue: 6643's revenue (14.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6643's Return on Equity is forecast to be high in 3 years time (28.2%)


Past Performance

How has M31 Technology performed over the past 5 years?

26.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6643 has high quality earnings.

Growing Profit Margin: 6643's current net profit margins (32.8%) are lower than last year (35.5%).


Past Earnings Growth Analysis

Earnings Trend: 6643's earnings have grown significantly by 26.7% per year over the past 5 years.

Accelerating Growth: 6643's earnings growth over the past year (4.4%) is below its 5-year average (26.7% per year).

Earnings vs Industry: 6643 earnings growth over the past year (4.4%) underperformed the Semiconductor industry 27.5%.


Return on Equity

High ROE: 6643's Return on Equity (21.4%) is considered high.


Financial Health

How is M31 Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 6643's short term assets (NT$1.5B) exceed its short term liabilities (NT$246.6M).

Long Term Liabilities: 6643's short term assets (NT$1.5B) exceed its long term liabilities (NT$1.1M).


Debt to Equity History and Analysis

Debt Level: 6643 is debt free.

Reducing Debt: 6643 had no debt 5 years ago.

Debt Coverage: 6643 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 6643 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is M31 Technology current dividend yield, its reliability and sustainability?

1.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6643's dividend (1.7%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2%).

High Dividend: 6643's dividend (1.7%) is low compared to the top 25% of dividend payers in the TW market (4.82%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 6643 has been paying a dividend for less than 10 years.

Growing Dividend: 6643's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.4%), 6643's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 6643's dividends in 3 years are forecast to be covered by earnings (77.9% payout ratio).


Next Steps

Management

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


CEO

M31 Technology has no CEO, or we have no data on them.


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

M31 Technology Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: M31 Technology Corporation
  • Ticker: 6643
  • Exchange: GTSM
  • Founded: 2011
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$14.620b
  • Shares outstanding: 31.11m
  • Website: https://www.m31tech.com

Number of Employees


Location

  • M31 Technology Corporation
  • No.1, Taiyuan 2nd Street
  • 9th Floor
  • Zhubei
  • 302
  • Taiwan

Listings


Biography

M31 Technology Corporation operates as a professional silicon intellectual property (IP) provider. It offers standard cell library, general purpose I/O library, special I/O, high level ESD cell, memory com...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 08:55
End of Day Share Price2021/04/09 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.