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6708

Mars Semiconductor TPEX:6708 Stock Report

Last Price

NT$61.70

Market Cap

NT$1.6b

7D

-14.1%

1Y

-29.1%

Updated

01 Oct, 2022

Data

Company Financials
6708 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends0/6

6708 Stock Overview

Mars Semiconductor Corp. operates as a long-range high-bandwidth wireless audio and video chip design company in Taiwan.

Mars Semiconductor Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mars Semiconductor
Historical stock prices
Current Share PriceNT$61.70
52 Week HighNT$101.00
52 Week LowNT$51.40
Beta1.47
1 Month Change-21.60%
3 Month Change18.88%
1 Year Change-29.08%
3 Year Changen/a
5 Year Changen/a
Change since IPO-46.19%

Recent News & Updates

Shareholder Returns

6708TW SemiconductorTW Market
7D-14.1%-6.9%-5.0%
1Y-29.1%-29.8%-18.0%

Return vs Industry: 6708 matched the TW Semiconductor industry which returned -29.8% over the past year.

Return vs Market: 6708 underperformed the TW Market which returned -18% over the past year.

Price Volatility

Is 6708's price volatile compared to industry and market?
6708 volatility
6708 Average Weekly Movement7.6%
Semiconductor Industry Average Movement6.2%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.3%
10% least volatile stocks in TW Market2.4%

Stable Share Price: 6708 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 6708's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
2001n/an/ahttps://www.mars-semi.com.tw

Mars Semiconductor Corp. operates as a long-range high-bandwidth wireless audio and video chip design company in Taiwan. It offers chips and controllers in the area of wireless home security, wireless car, and wireless baby monitor, as well as SaaS one-stop products and services. The company was founded in 2001 and is headquartered in Hsinchu, Taiwan.

Mars Semiconductor Fundamentals Summary

How do Mars Semiconductor's earnings and revenue compare to its market cap?
6708 fundamental statistics
Market CapNT$1.58b
Earnings (TTM)NT$43.39m
Revenue (TTM)NT$331.59m

36.4x

P/E Ratio

4.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6708 income statement (TTM)
RevenueNT$331.59m
Cost of RevenueNT$149.82m
Gross ProfitNT$181.78m
Other ExpensesNT$138.39m
EarningsNT$43.39m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.70
Gross Margin54.82%
Net Profit Margin13.09%
Debt/Equity Ratio22.1%

How did 6708 perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

44%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6708 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 6708?

Other financial metrics that can be useful for relative valuation.

6708 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/Revenue4.3x
Enterprise Value/EBITDA34.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 6708's PE Ratio compare to its peers?

6708 PE Ratio vs Peers
The above table shows the PE ratio for 6708 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7x
5244 Brightek Optoelectronic
7xn/aNT$1.7b
4945 Sentelic
10.2xn/aNT$1.5b
4956 Epileds Technologies
18.6xn/aNT$1.5b
3372 Taiwan IC Packaging
5.4xn/aNT$1.8b
6708 Mars Semiconductor
36.4xn/aNT$1.6b

Price-To-Earnings vs Peers: 6708 is expensive based on its Price-To-Earnings Ratio (36.4x) compared to the peer average (7x).


Price to Earnings Ratio vs Industry

How does 6708's PE Ratio compare vs other companies in the TW Semiconductor Industry?

Price-To-Earnings vs Industry: 6708 is expensive based on its Price-To-Earnings Ratio (36.4x) compared to the TW Semiconductor industry average (10.7x)


Price to Earnings Ratio vs Fair Ratio

What is 6708'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.

6708 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 6708's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 6708 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6708 (NT$61.7) is trading above our estimate of fair value (NT$11.38)

Significantly Below Fair Value: 6708 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: Insufficient data to show price forecast.


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Future Growth

How is Mars Semiconductor forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.8%

Forecasted Semiconductors industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mars Semiconductor has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine Mars Semiconductor's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Mars Semiconductor performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6708 has a high level of non-cash earnings.

Growing Profit Margin: 6708's current net profit margins (13.1%) are lower than last year (15.3%).


Past Earnings Growth Analysis

Earnings Trend: 6708's earnings have grown significantly by 21.9% per year over the past 5 years.

Accelerating Growth: 6708's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6708 had negative earnings growth (-20.1%) over the past year, making it difficult to compare to the Semiconductor industry average (49.8%).


Return on Equity

High ROE: 6708's Return on Equity (14.1%) is considered low.


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Financial Health

How is Mars Semiconductor's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6708's short term assets (NT$430.5M) exceed its short term liabilities (NT$105.3M).

Long Term Liabilities: 6708's short term assets (NT$430.5M) exceed its long term liabilities (NT$41.4M).


Debt to Equity History and Analysis

Debt Level: 6708 has more cash than its total debt.

Reducing Debt: 6708's debt to equity ratio has reduced from 33.7% to 22.1% over the past 5 years.

Debt Coverage: 6708's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 6708's interest payments on its debt are well covered by EBIT (73.8x coverage).


Balance Sheet


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Dividend

What is Mars Semiconductor current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.21%

Current Dividend Yield

Dividend Yield vs Market

Mars Semiconductor Dividend Yield vs Market
How does Mars Semiconductor dividend yield compare to the market?
SegmentDividend Yield
Company (Mars Semiconductor)1.2%
Market Bottom 25% (TW)2.6%
Market Top 25% (TW)7.0%
Industry Average (Semiconductor)4.3%
Analyst forecast in 3 Years (Mars Semiconductor)n/a

Notable Dividend: 6708's dividend (1.22%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.59%).

High Dividend: 6708's dividend (1.22%) is low compared to the top 25% of dividend payers in the TW market (7%).


Stability and Growth of Payments

Stable Dividend: 6708 is not paying a notable dividend for the TW market, therefore no need to check if payments are stable.

Growing Dividend: 6708 is not paying a notable dividend for the TW market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: 6708 is not paying a notable dividend for the TW market.


Cash Payout to Shareholders

Cash Flow Coverage: 6708 is paying a dividend but the company has no free cash flows.


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Management

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


CEO

Mars Semiconductor 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

What is the ownership structure of 6708?
Owner TypeNumber of SharesOwnership Percentage
Institutions6,1000.02%
General Public25,589,700100.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 1 shareholders own 0.024% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
0.024%
Acadian Asset Management LLC
6,100NT$376.4k0%no data

Company Information

Mars Semiconductor Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Mars Semiconductor Corp.
  • Ticker: 6708
  • Exchange: TPEX
  • Founded: 2001
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: NT$1.579b
  • Shares outstanding: 25.60m
  • Website: https://www.mars-semi.com.tw

Number of Employees


Location

  • Mars Semiconductor Corp.
  • 3FC5, No. 1, Li-Hsin Road
  • Science Park
  • Hsinchu
  • 300
  • Taiwan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6708TPEX (Taipei Exchange)YesOrdinary SharesTWTWDJan 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
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.