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Formosa Advanced Technologies

Market Cap

NT$18.6b

Last Updated

2021/04/11 08:52 UTC

Data Sources

Company Financials

Executive Summary

Formosa Advanced Technologies Co., Ltd. provides wafer probe, integrated circuit (IC) assembly and testing, module turnkey, and LED chip processing services in Taiwan. More Details


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.


Similar Companies

Share Price & News

How has Formosa Advanced Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8131 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 8131's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

3.2%

8131

2.3%

TW Semiconductor

1.9%

TW Market


1 Year Return

22.0%

8131

120.1%

TW Semiconductor

66.4%

TW Market

Return vs Industry: 8131 underperformed the TW Semiconductor industry which returned 120.1% over the past year.

Return vs Market: 8131 underperformed the TW Market which returned 66.4% over the past year.


Shareholder returns

8131IndustryMarket
7 Day3.2%2.3%1.9%
30 Day7.5%3.8%4.8%
90 Day10.9%9.7%9.9%
1 Year29.2%22.0%125.8%120.1%72.2%66.4%
3 Year53.0%25.7%161.4%133.1%71.1%51.6%
5 Year164.0%84.2%334.1%260.7%132.3%91.0%

Long-Term Price Volatility Vs. Market

How volatile is Formosa Advanced Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Formosa Advanced Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 8131 (NT$42.1) is trading below our estimate of fair value (NT$87.08)

Significantly Below Fair Value: 8131 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8131 is good value based on its PE Ratio (13.3x) compared to the TW Semiconductor industry average (30.2x).

PE vs Market: 8131 is good value based on its PE Ratio (13.3x) compared to the TW market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8131's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8131 is good value based on its PB Ratio (1.6x) compared to the TW Semiconductor industry average (2.9x).


Future Growth

How is Formosa Advanced Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.3%

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 Formosa Advanced Technologies 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.


Past Performance

How has Formosa Advanced Technologies performed over the past 5 years?

5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8131 has high quality earnings.

Growing Profit Margin: 8131's current net profit margins (14.5%) are higher than last year (13.4%).


Past Earnings Growth Analysis

Earnings Trend: 8131's earnings have grown by 5.7% per year over the past 5 years.

Accelerating Growth: 8131's earnings growth over the past year (11%) exceeds its 5-year average (5.7% per year).

Earnings vs Industry: 8131 earnings growth over the past year (11%) underperformed the Semiconductor industry 27.5%.


Return on Equity

High ROE: 8131's Return on Equity (11.9%) is considered low.


Financial Health

How is Formosa Advanced Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: 8131's short term assets (NT$7.8B) exceed its short term liabilities (NT$1.2B).

Long Term Liabilities: 8131's short term assets (NT$7.8B) exceed its long term liabilities (NT$555.6M).


Debt to Equity History and Analysis

Debt Level: 8131 is debt free.

Reducing Debt: 8131 has not had any debt for past 5 years.

Debt Coverage: 8131 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 8131 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Formosa Advanced Technologies's current dividend yield, its reliability and sustainability?

5.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8131's dividend (5.46%) is higher than the bottom 25% of dividend payers in the TW market (1.99%).

High Dividend: 8131's dividend (5.46%) is in the top 25% of dividend payers in the TW market (4.8%)


Stability and Growth of Payments

Stable Dividend: 8131's dividend payments have been volatile in the past 10 years.

Growing Dividend: 8131's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.5%), 8131's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

12.4yrs

Average management tenure


CEO

Shih-Ming Hsieh

18.92yrs

Tenure

Hsieh Shih-Ming serves as Vice Chairman at Formosa Advanced Technologies Co., Ltd. and has been its President since May 10, 2002. Hsieh Shih-Ming served as Chairman of Yu Yuang Textile Co. Ltd. Hsieh Shih-...


Leadership Team

Experienced Management: 8131's management team is seasoned and experienced (12.4 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

Formosa Advanced Technologies Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Formosa Advanced Technologies Co., Ltd.
  • Ticker: 8131
  • Exchange: TSEC
  • Founded: 1990
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$18.618b
  • Shares outstanding: 442.22m
  • Website: https://www.fatc.com.tw

Number of Employees


Location

  • Formosa Advanced Technologies Co., Ltd.
  • 329, Ho-Nan Street
  • Douliou
  • 640
  • Taiwan

Listings


Biography

Formosa Advanced Technologies Co., Ltd. provides wafer probe, integrated circuit (IC) assembly and testing, module turnkey, and LED chip processing services in Taiwan. It provides IC package solutions for ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 08:52
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.