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6182

Wafer Works TPEX:6182 Stock Report

Last Price

NT$58.60

Market Cap

NT$31.7b

7D

1.0%

1Y

29.8%

Updated

17 May, 2022

Data

Company Financials +
6182 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends2/6

6182 Stock Overview

Wafer Works Corporation engages in the research, design, development, manufacturing, trading, and distribution of semiconductor materials worldwide.

Wafer Works Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wafer Works
Historical stock prices
Current Share PriceNT$58.60
52 Week HighNT$89.50
52 Week LowNT$42.70
Beta1.46
1 Month Change0.34%
3 Month Change-24.97%
1 Year Change29.79%
3 Year Change72.86%
5 Year Change217.61%
Change since IPO395.90%

Recent News & Updates

Shareholder Returns

6182TW SemiconductorTW Market
7D1.0%1.1%-0.8%
1Y29.8%-1.8%4.2%

Return vs Industry: 6182 exceeded the TW Semiconductor industry which returned -1.8% over the past year.

Return vs Market: 6182 exceeded the TW Market which returned 4.2% over the past year.

Price Volatility

Is 6182's price volatile compared to industry and market?
6182 volatility
6182 Average Weekly Movement7.0%
Semiconductor Industry Average Movement5.5%
Market Average Movement4.6%
10% most volatile stocks in TW Market8.3%
10% least volatile stocks in TW Market2.1%

Stable Share Price: 6182 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 6182's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
1997n/aPat Chiaohttps://www.waferworks.com

Wafer Works Corporation engages in the research, design, development, manufacturing, trading, and distribution of semiconductor materials worldwide. The company offers polished silicon and epitaxial wafers, as well as single crystal ingots and doped silicon wafers used in semiconductor devices for power and digital applications. It is also involved in the research, design, development, manufacturing, trading, and processing of semiconductor wafers; and provision of technique transfer and consulting services.

Wafer Works Fundamentals Summary

How do Wafer Works's earnings and revenue compare to its market cap?
6182 fundamental statistics
Market CapNT$31.70b
Earnings (TTM)NT$1.39b
Revenue (TTM)NT$11.08b

22.9x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6182 income statement (TTM)
RevenueNT$11.08b
Cost of RevenueNT$6.78b
Gross ProfitNT$4.30b
Other ExpensesNT$2.92b
EarningsNT$1.39b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.56
Gross Margin38.82%
Net Profit Margin12.51%
Debt/Equity Ratio40.1%

How did 6182 perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

51%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 6182 (NT$60.1) is trading below our estimate of fair value (NT$281.46)

Significantly Below Fair Value: 6182 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6182 is poor value based on its PE Ratio (23.4x) compared to the TW Semiconductor industry average (14.2x).

PE vs Market: 6182 is poor value based on its PE Ratio (23.4x) compared to the TW market (14.8x).


Price to Earnings Growth Ratio

PEG Ratio: 6182 is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: 6182 is overvalued based on its PB Ratio (2.7x) compared to the TW Semiconductor industry average (2.4x).


Future Growth

How is Wafer Works forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6182's forecast earnings growth (16% per year) is above the savings rate (0.7%).

Earnings vs Market: 6182's earnings (16% per year) are forecast to grow faster than the TW market (6.9% per year).

High Growth Earnings: 6182's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6182's revenue (14.3% per year) is forecast to grow faster than the TW market (6.8% per year).

High Growth Revenue: 6182's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6182's Return on Equity is forecast to be low in 3 years time (16.6%).


Past Performance

How has Wafer Works 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


25.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6182 has high quality earnings.

Growing Profit Margin: 6182's current net profit margins (12.5%) are higher than last year (7.1%).


Past Earnings Growth Analysis

Earnings Trend: 6182 has become profitable over the past 5 years, growing earnings by 25% per year.

Accelerating Growth: 6182's earnings growth over the past year (144%) exceeds its 5-year average (25% per year).

Earnings vs Industry: 6182 earnings growth over the past year (144%) exceeded the Semiconductor industry 67.4%.


Return on Equity

High ROE: 6182's Return on Equity (11.5%) is considered low.


Financial Health

How is Wafer Works'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: 6182's short term assets (NT$12.1B) exceed its short term liabilities (NT$5.0B).

Long Term Liabilities: 6182's short term assets (NT$12.1B) exceed its long term liabilities (NT$5.7B).


Debt to Equity History and Analysis

Debt Level: 6182's net debt to equity ratio (6.2%) is considered satisfactory.

Reducing Debt: 6182's debt to equity ratio has reduced from 82.8% to 40.1% over the past 5 years.

Debt Coverage: 6182's debt is well covered by operating cash flow (44.6%).

Interest Coverage: 6182's interest payments on its debt are well covered by EBIT (14.3x coverage).


Balance Sheet


Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.30%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6182's dividend (2.25%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.39%).

High Dividend: 6182's dividend (2.25%) is low compared to the top 25% of dividend payers in the TW market (6.13%).


Stability and Growth of Payments

Stable Dividend: 6182's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6182's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51.1%), 6182's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (129.3%), 6182's dividend payments are not well covered by cash flows.


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Pat Chiao

3.92yrs

Tenure

Mr. Pat Chiao co-founded Wafer Works Corporation in 1997 and serves as its Chairman, President and Chief Executive Officer since June 27, 2018. Mr. Chiao established the Helitek Company in the US to sell s...


Leadership Team

Experienced Management: 6182's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: 6182's board of directors are considered experienced (3.9 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 been diluted in the past year, with total shares outstanding growing by 5.9%.


Top Shareholders

Company Information

Wafer Works Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Wafer Works Corporation
  • Ticker: 6182
  • Exchange: TPEX
  • Founded: 1997
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: NT$31.699b
  • Shares outstanding: 540.93m
  • Website: https://www.waferworks.com

Number of Employees


Location

  • Wafer Works Corporation
  • No.1, Pingguo Road
  • Yangmei District
  • Taoyuan City
  • 326014
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/16 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.