Vanguard International Semiconductor Future Growth

Future criteria checks 2/6

Vanguard International Semiconductor is forecast to grow earnings and revenue by 10.5% and 12% per annum respectively. EPS is expected to grow by 10.5% per annum. Return on equity is forecast to be 18.6% in 3 years.

Key information

10.5%

Earnings growth rate

10.5%

EPS growth rate

Semiconductor earnings growth	19.1%
Revenue growth rate	12.0%
Future return on equity	18.6%
Analyst coverage	Good
Last updated	03 May 2024

Recent future growth updates

Recent updates

Investors Shouldn't Overlook Vanguard International Semiconductor's (GTSM:5347) Impressive Returns On Capital

Apr 23

Is Now An Opportune Moment To Examine Vanguard International Semiconductor Corporation (GTSM:5347)?

Apr 12

Here's Why We Think Vanguard International Semiconductor (GTSM:5347) Is Well Worth Watching

Mar 19

Could The Market Be Wrong About Vanguard International Semiconductor Corporation (GTSM:5347) Given Its Attractive Financial Prospects?

Mar 09

Is Vanguard International Semiconductor (GTSM:5347) Using Too Much Debt?

Feb 23

How Does Vanguard International Semiconductor Corporation (GTSM:5347) Fare As A Dividend Stock?

Feb 12

Estimating The Fair Value Of Vanguard International Semiconductor Corporation (GTSM:5347)

Feb 01

Did You Participate In Any Of Vanguard International Semiconductor's (GTSM:5347) Fantastic 271% Return ?

Jan 18

The Trends At Vanguard International Semiconductor (GTSM:5347) That You Should Know About

Jan 06

What Does Vanguard International Semiconductor Corporation's (GTSM:5347) Share Price Indicate?

Dec 25

How Much Of Vanguard International Semiconductor Corporation (GTSM:5347) Do Institutions Own?

Dec 13

Vanguard International Semiconductor Corporation's (GTSM:5347) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

Dec 01

Does Vanguard International Semiconductor (GTSM:5347) Have A Healthy Balance Sheet?

Nov 18

Earnings and Revenue Growth Forecasts

TPEX:5347 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	54,683	9,413	13,096	16,886	10
12/31/2025	51,242	8,345	13,474	19,252	15
12/31/2024	44,353	6,558	11,696	14,948	14
3/31/2024	39,719	7,278	4,442	9,252	N/A
12/31/2023	38,273	7,370	1,731	8,632	N/A
9/30/2023	38,172	7,461	1,384	9,535	N/A
6/30/2023	40,943	9,661	4,169	15,342	N/A
3/31/2023	46,389	12,553	10,023	26,512	N/A
12/31/2022	51,694	15,280	15,063	33,927	N/A
9/30/2022	54,858	16,517	12,220	34,149	N/A
6/30/2022	53,408	15,982	12,136	33,643	N/A
3/31/2022	48,263	13,698	9,920	26,700	N/A
12/31/2021	43,951	11,820	7,937	21,237	N/A
9/30/2021	39,931	9,925	10,593	19,613	N/A
6/30/2021	36,396	8,163	8,585	14,569	N/A
3/31/2021	34,467	7,043	9,244	13,467	N/A
12/31/2020	33,131	6,306	6,979	10,760	N/A
9/30/2020	31,748	5,982	7,363	10,493	N/A
6/30/2020	30,532	5,951	6,069	9,914	N/A
3/31/2020	29,223	5,949	21	7,730	N/A
12/31/2019	28,286	5,860	-154	8,445	N/A
9/30/2019	28,657	6,291	-699	8,184	N/A
6/30/2019	29,279	6,464	761	8,212	N/A
3/31/2019	29,409	6,406	5,213	8,801	N/A
12/31/2018	28,928	6,166	5,520	7,460	N/A
9/30/2018	27,598	5,455	4,502	6,565	N/A
6/30/2018	26,249	4,944	4,045	6,108	N/A
3/31/2018	25,072	4,503	3,565	5,573	N/A
12/31/2017	24,910	4,505	N/A	5,955	N/A
9/30/2017	25,131	4,645	N/A	6,372	N/A
6/30/2017	25,286	4,798	N/A	7,040	N/A
3/31/2017	25,878	5,335	N/A	8,330	N/A
12/31/2016	25,829	5,538	N/A	7,973	N/A
9/30/2016	24,714	5,056	N/A	7,444	N/A
6/30/2016	23,455	4,596	N/A	6,943	N/A
3/31/2016	23,136	4,142	N/A	6,159	N/A
12/31/2015	23,320	4,158	N/A	7,182	N/A
9/30/2015	24,256	4,731	N/A	6,806	N/A
6/30/2015	25,145	5,205	N/A	6,864	N/A
3/31/2015	24,822	5,465	N/A	7,215	N/A
12/31/2014	23,931	5,440	N/A	6,666	N/A
9/30/2014	22,916	5,121	N/A	7,424	N/A
6/30/2014	22,321	5,022	N/A	8,302	N/A
3/31/2014	21,856	4,834	N/A	7,915	N/A
12/31/2013	21,135	4,371	N/A	7,533	N/A
9/30/2013	20,498	3,980	N/A	6,987	N/A
6/30/2013	19,622	3,549	N/A	7,307	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5347's forecast earnings growth (10.5% per year) is above the savings rate (1%).

Earnings vs Market: 5347's earnings (10.5% per year) are forecast to grow slower than the TW market (19.7% per year).

High Growth Earnings: 5347's earnings are forecast to grow, but not significantly.

Revenue vs Market: 5347's revenue (12% per year) is forecast to grow faster than the TW market (10.6% per year).

High Growth Revenue: 5347's revenue (12% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 5347's Return on Equity is forecast to be low in 3 years time (18.6%).

Vanguard International Semiconductor Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 14% to NT$76.11

Consensus EPS estimates fall by 11%

Vanguard International Semiconductor Corporation Provides Earnings Guidance for the Second Quarter of 2023

Consensus EPS estimates fall by 23%

Price target increased by 8.3% to NT$88.12

Price target increased to NT$75.26

Recent updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 14% to NT$76.11

Vanguard International Semiconductor Corporation Announces Change of Chief Information Security Officer, Effective May 2, 2024

Vanguard International Semiconductor Corporation, Annual General Meeting, Jun 14, 2024

Full year 2023 earnings released: EPS: NT$4.50 (vs NT$9.32 in FY 2022)

Consensus EPS estimates fall by 11%

Vanguard International Semiconductor Corporation Proposes Dividend for the Year 2023

Grand Fortune Securities Co.,Ltd (TPEX:6026) acquired 12.9% stake in CMSC, Inc. from Vanguard International Semiconductor Corporation (TPEX:5347) for approximately TWD 410 million.

Investor sentiment improves as stock rises 16%

New major risk - Revenue and earnings growth

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

New major risk - Earnings quality

Second quarter 2023 earnings released: EPS: NT$1.22 (vs NT$2.98 in 2Q 2022)

Upcoming dividend of NT$4.50 per share at 5.2% yield

Vanguard International Semiconductor Corporation Approves Cash Dividends, Payable on July 27, 2023

Vanguard International Semiconductor Corporation Provides Earnings Guidance for the Second Quarter of 2023

Vanguard International Semiconductor Corporation Announces Executive Changes

Consensus EPS estimates fall by 23%

Price target increased by 8.3% to NT$88.12

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Now 21% undervalued

Price target increased to NT$75.26

Investor sentiment improved over the past week

Price target decreased to NT$66.21

Insufficient new directors

Investor sentiment improved over the past week

Price target decreased to NT$65.90

Third quarter 2022 earnings: EPS exceeds analyst expectations

Vanguard International Semiconductor Corporation Provides Earnings Guidance for the Third Quarter of 2022

Second quarter 2022 earnings: EPS exceeds analyst expectations

Price target decreased to NT$102

Price target decreased to NT$107

Investor sentiment deteriorated over the past week

Upcoming dividend of NT$4.50 per share

Vanguard International Semiconductor Co. Approves the Election of Liang-Gee Chen as Member of the Compensation Committee and Act as Members of the Audit Committee

Price target decreased to NT$127

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Less than half of directors are independent

Now 23% undervalued after recent price drop

Consensus EPS estimates increase by 10%

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Vanguard International Semiconductor Corporation, Annual General Meeting, Jun 14, 2022

Vanguard International Semiconductor Corporation Proposes Cash Dividend for the Year of 2021

Third quarter 2021 earnings released: EPS NT$2.00 (vs NT$0.93 in 3Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of NT$3.50 per share

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS NT$1.59 (vs NT$0.90 in 2Q 2020)

Consensus EPS estimates increase to NT$6.66

Price target increased to NT$141

Consensus EPS estimates increase to NT$6.01

First quarter 2021 earnings released: EPS NT$1.35 (vs NT$0.90 in 1Q 2020)

Investors Shouldn't Overlook Vanguard International Semiconductor's (GTSM:5347) Impressive Returns On Capital

Is Now An Opportune Moment To Examine Vanguard International Semiconductor Corporation (GTSM:5347)?

Here's Why We Think Vanguard International Semiconductor (GTSM:5347) Is Well Worth Watching

Could The Market Be Wrong About Vanguard International Semiconductor Corporation (GTSM:5347) Given Its Attractive Financial Prospects?

Is Vanguard International Semiconductor (GTSM:5347) Using Too Much Debt?

How Does Vanguard International Semiconductor Corporation (GTSM:5347) Fare As A Dividend Stock?

Full year 2020 earnings released: EPS NT$3.85 (vs NT$3.58 in FY 2019)

Revenue beats expectations

Price target raised to NT$116

Vanguard International Semiconductor Corporation, Annual General Meeting, Jun 18, 2021

Estimating The Fair Value Of Vanguard International Semiconductor Corporation (GTSM:5347)

New 90-day high: NT$130

Did You Participate In Any Of Vanguard International Semiconductor's (GTSM:5347) Fantastic 271% Return ?

The Trends At Vanguard International Semiconductor (GTSM:5347) That You Should Know About

What Does Vanguard International Semiconductor Corporation's (GTSM:5347) Share Price Indicate?

How Much Of Vanguard International Semiconductor Corporation (GTSM:5347) Do Institutions Own?