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
Flawless balance sheet, undervalued and pays a dividend.
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.
7 Day Return
1 Year Return
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.
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
2 weeks ago | Simply Wall StShould Formosa Advanced Technologies Co., Ltd. (TPE:8131) Be Part Of Your Dividend Portfolio?
1 month ago | Simply Wall StWe Think Formosa Advanced Technologies' (TPE:8131) Robust Earnings Are Conservative
1 month ago | Simply Wall StShareholders Of Formosa Advanced Technologies (TPE:8131) Must Be Happy With Their 165% Total Return
Is Formosa Advanced Technologies 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: 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).
How is Formosa Advanced Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Formosa Advanced Technologies performed over the past 5 years?
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.
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.
What is Formosa Advanced Technologies's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management 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-...
Experienced Management: 8131's management team is seasoned and experienced (12.4 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.
Formosa Advanced Technologies Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- 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
- Formosa Advanced Technologies Co., Ltd.
- 329, Ho-Nan Street
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 08:52|
|End of Day Share Price||2021/04/09 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.