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5274

ASPEED Technology TPEX:5274 Stock Report

Last Price

NT$1.76k

Market Cap

NT$62.4b

7D

-7.1%

1Y

-11.2%

Updated

12 Aug, 2022

Data

Company Financials +
5274 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends4/6

5274 Stock Overview

ASPEED Technology Inc. operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

ASPEED Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ASPEED Technology
Historical stock prices
Current Share PriceNT$1,755.00
52 Week HighNT$3,340.91
52 Week LowNT$1,490.00
Beta0.45
1 Month Change-4.88%
3 Month Change-23.55%
1 Year Change-11.24%
3 Year Change161.94%
5 Year Change181.83%
Change since IPO3,179.52%

Recent News & Updates

Shareholder Returns

5274TW SemiconductorTW Market
7D-7.1%1.9%2.2%
1Y-11.2%-18.0%-11.0%

Return vs Industry: 5274 exceeded the TW Semiconductor industry which returned -18% over the past year.

Return vs Market: 5274 matched the TW Market which returned -11% over the past year.

Price Volatility

Is 5274's price volatile compared to industry and market?
5274 volatility
5274 Average Weekly Movement10.5%
Semiconductor Industry Average Movement6.4%
Market Average Movement5.0%
10% most volatile stocks in TW Market8.3%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 5274 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 5274's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
2004n/aChris Linhttps://www.aspeedtech.com

ASPEED Technology Inc. operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally. It offers server management product lines; PC and AV extensions; and Cupola360, a spherical image processor for 360-degree cameras, as well as multimedia, computer peripherals, and high-end consumer electronics ICs. The company also provides research and development, technical, and software design services.

ASPEED Technology Fundamentals Summary

How do ASPEED Technology's earnings and revenue compare to its market cap?
5274 fundamental statistics
Market CapNT$62.35b
Earnings (TTM)NT$1.53b
Revenue (TTM)NT$4.04b

43.2x

P/E Ratio

16.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
5274 income statement (TTM)
RevenueNT$4.04b
Cost of RevenueNT$1.39b
Gross ProfitNT$2.65b
Other ExpensesNT$1.12b
EarningsNT$1.53b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)40.60
Gross Margin65.67%
Net Profit Margin37.99%
Debt/Equity Ratio0%

How did 5274 perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

78%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 5274 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5274?

Other financial metrics that can be useful for relative valuation.

5274 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue14.7x
Enterprise Value/EBITDA28.4x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

How does 5274's PE Ratio compare to its peers?

5274 PE Ratio vs Peers
The above table shows the PE ratio for 5274 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10x
5269 ASMedia Technology
19.3x15.4%NT$63.2b
2337 Macronix International
4.1x-11.1%NT$62.0b
3189 Kinsus Interconnect Technology
9.3x5.0%NT$59.1b
8299 Phison Electronics
7.4x2.5%NT$59.3b
5274 ASPEED Technology
43.2x20.2%NT$62.4b

Price-To-Earnings vs Peers: 5274 is expensive based on its Price-To-Earnings Ratio (43.2x) compared to the peer average (10x).


Price to Earnings Ratio vs Industry

How does 5274's PE Ratio compare vs other companies in the TW Semiconductor Industry?

Price-To-Earnings vs Industry: 5274 is expensive based on its Price-To-Earnings Ratio (43.2x) compared to the TW Semiconductor industry average (12.1x)


Price to Earnings Ratio vs Fair Ratio

What is 5274's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

5274 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.2x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: 5274 is expensive based on its Price-To-Earnings Ratio (43.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).


Share Price vs Fair Value

What is the Fair Price of 5274 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5274 (NT$1755) is trading above our estimate of fair value (NT$1468.22)

Significantly Below Fair Value: 5274 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is ASPEED Technology forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5274's forecast earnings growth (20.2% per year) is above the savings rate (0.7%).

Earnings vs Market: 5274's earnings (20.2% per year) are forecast to grow faster than the TW market (5.7% per year).

High Growth Earnings: 5274's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 5274's revenue (20.8% per year) is forecast to grow faster than the TW market (7.1% per year).

High Growth Revenue: 5274's revenue (20.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 5274's Return on Equity is forecast to be very high in 3 years time (58.8%).


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Past Performance

How has ASPEED Technology performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


20.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 5274 has high quality earnings.

Growing Profit Margin: 5274's current net profit margins (38%) are higher than last year (33.5%).


Past Earnings Growth Analysis

Earnings Trend: 5274's earnings have grown significantly by 20.9% per year over the past 5 years.

Accelerating Growth: 5274's earnings growth over the past year (48.5%) exceeds its 5-year average (20.9% per year).

Earnings vs Industry: 5274 earnings growth over the past year (48.5%) underperformed the Semiconductor industry 59%.


Return on Equity

High ROE: 5274's Return on Equity (52%) is considered outstanding.


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Financial Health

How is ASPEED Technology's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 5274's short term assets (NT$4.2B) exceed its short term liabilities (NT$2.2B).

Long Term Liabilities: 5274's short term assets (NT$4.2B) exceed its long term liabilities (NT$80.9M).


Debt to Equity History and Analysis

Debt Level: 5274 is debt free.

Reducing Debt: 5274 has no debt compared to 5 years ago when its debt to equity ratio was 8.2%.

Debt Coverage: 5274 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 5274 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.81%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 5274's dividend (1.81%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.51%).

High Dividend: 5274's dividend (1.81%) is low compared to the top 25% of dividend payers in the TW market (6.55%).


Stability and Growth of Payments

Stable Dividend: 5274's dividends per share have been stable in the past 10 years.

Growing Dividend: 5274's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (78.3%), 5274's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (71.3%), 5274's dividend payments are covered by cash flows.


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Management

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

0.9yrs

Average management tenure


CEO

Chris Lin (61 yo)

18.58yrs

Tenure

Mr. Chris Lin Founded ASPEED in 2004. He serves as the Chairman and President at Aspeed Technology Inc. Mr. Lin serves as the President of XGI. He joined ASPEED Technology Inc. in November 11, 2004.Mr. Li...


Leadership Team

Experienced Management: 5274's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: 5274's board of directors are considered experienced (5.3 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

ASPEED Technology Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: ASPEED Technology Inc.
  • Ticker: 5274
  • Exchange: TPEX
  • Founded: 2004
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: NT$62.354b
  • Shares outstanding: 37.79m
  • Website: https://www.aspeedtech.com

Number of Employees


Location

  • ASPEED Technology Inc.
  • No. 1, Gongdao 5th Road
  • 4th Floor
  • Hsinchu City
  • 30069
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.