Novatek Microelectronics Corp., together with its subsidiaries, research, develop, manufacture, and sell integrated circuit chips for speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP, and system applications. More Details
Outstanding track record with flawless balance sheet.
Share Price & News
How has Novatek Microelectronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3034 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 3034's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TW stocks.
7 Day Return
1 Year Return
Return vs Industry: 3034 exceeded the TW Semiconductor industry which returned 112.4% over the past year.
Return vs Market: 3034 exceeded the TW Market which returned 63.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Novatek Microelectronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StIs Novatek Microelectronics Corp. (TPE:3034) A Good Fit For Your Dividend Portfolio?
2 weeks ago | Simply Wall StIs Novatek Microelectronics Corp.'s(TPE:3034) Recent Stock Performance Tethered To Its Strong Fundamentals?
4 weeks ago | Simply Wall StAn Intrinsic Calculation For Novatek Microelectronics Corp. (TPE:3034) Suggests It's 45% Undervalued
Is Novatek Microelectronics undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3034 (NT$591) is trading below our estimate of fair value (NT$1054.37)
Significantly Below Fair Value: 3034 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3034 is poor value based on its PE Ratio (30.4x) compared to the TW Semiconductor industry average (29x).
PE vs Market: 3034 is poor value based on its PE Ratio (30.4x) compared to the TW market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: 3034 is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: 3034 is overvalued based on its PB Ratio (9x) compared to the TW Semiconductor industry average (2.9x).
How is Novatek Microelectronics forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3034's forecast earnings growth (25.6% per year) is above the savings rate (0.8%).
Earnings vs Market: 3034's earnings (25.6% per year) are forecast to grow faster than the TW market (16.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 3034's revenue (14.2% per year) is forecast to grow faster than the TW market (10.1% per year).
High Growth Revenue: 3034'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: 3034's Return on Equity is forecast to be high in 3 years time (36.7%)
How has Novatek Microelectronics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3034 has high quality earnings.
Growing Profit Margin: 3034's current net profit margins (14.8%) are higher than last year (12.3%).
Past Earnings Growth Analysis
Earnings Trend: 3034's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: 3034's earnings growth over the past year (49%) exceeds its 5-year average (15% per year).
Earnings vs Industry: 3034 earnings growth over the past year (49%) exceeded the Semiconductor industry 27.5%.
Return on Equity
High ROE: 3034's Return on Equity (29.6%) is considered high.
How is Novatek Microelectronics's financial position?
Financial Position Analysis
Short Term Liabilities: 3034's short term assets (NT$45.0B) exceed its short term liabilities (NT$17.5B).
Long Term Liabilities: 3034's short term assets (NT$45.0B) exceed its long term liabilities (NT$694.8M).
Debt to Equity History and Analysis
Debt Level: 3034 is debt free.
Reducing Debt: 3034 has no debt compared to 5 years ago when its debt to equity ratio was 12.3%.
Debt Coverage: 3034 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 3034 has no debt, therefore coverage of interest payments is not a concern.
What is Novatek Microelectronics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3034's dividend (1.78%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2%).
High Dividend: 3034's dividend (1.78%) is low compared to the top 25% of dividend payers in the TW market (4.78%).
Stability and Growth of Payments
Stable Dividend: 3034's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3034's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.1%), 3034's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3034's dividends in 3 years are forecast to be covered by earnings (80% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Steve Wang has been the President of Novatek Microelectronics Corp. since October 24, 2001. Mr. Ho served as Vice President of AU Optronics Corp. He serves as the Chairman of Novatek (Suzhou). He serve...
Experienced Board: 3034's board of directors are considered experienced (8.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Novatek Microelectronics Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Novatek Microelectronics Corp.
- Ticker: 3034
- Exchange: TSEC
- Founded: 1997
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: NT$356.588b
- Shares outstanding: 608.51m
- Website: https://www.novatek.com.tw
Number of Employees
- Novatek Microelectronics Corp.
- No. 13, Innovation Road I
- 2nd Floor
- Hsinchu City
Novatek Microelectronics Corp., together with its subsidiaries, research, develop, manufacture, and sell integrated circuit chips for speech, communication, computer peripheral, LCD driver IC system, embed...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/14 08:32|
|End of Day Share Price||2021/04/14 00:00|
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.