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2379

Realtek Semiconductor TWSE:2379 Stock Report

Last Price

NT$375.00

Market Cap

NT$192.3b

7D

-13.2%

1Y

-24.5%

Updated

26 Jun, 2022

Data

Company Financials +
2379 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance6/6
Financial Health6/6
Dividends5/6

2379 Stock Overview

Realtek Semiconductor Corp., together with its subsidiaries, engages in the research, development, production, and sale of various integrated circuits (ICs) and related application software in Taiwan and internationally.

Realtek Semiconductor Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Realtek Semiconductor
Historical stock prices
Current Share PriceNT$375.00
52 Week HighNT$621.00
52 Week LowNT$365.00
Beta0.80
1 Month Change-12.69%
3 Month Change-12.89%
1 Year Change-24.47%
3 Year Change64.11%
5 Year Change242.47%
Change since IPO285.88%

Recent News & Updates

Shareholder Returns

2379TW SemiconductorTW Market
7D-13.2%-5.0%-2.2%
1Y-24.5%-19.4%-12.3%

Return vs Industry: 2379 underperformed the TW Semiconductor industry which returned -19.4% over the past year.

Return vs Market: 2379 underperformed the TW Market which returned -12.3% over the past year.

Price Volatility

Is 2379's price volatile compared to industry and market?
2379 volatility
2379 Average Weekly Movement4.9%
Semiconductor Industry Average Movement5.8%
Market Average Movement4.7%
10% most volatile stocks in TW Market8.1%
10% least volatile stocks in TW Market2.2%

Stable Share Price: 2379 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 2379's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aSun-Chien Chiuhttps://www.realtek.com

Realtek Semiconductor Corp., together with its subsidiaries, engages in the research, development, production, and sale of various integrated circuits (ICs) and related application software in Taiwan and internationally. It provides communications network ICs, including broadband access controllers, gateway and network interface controllers, high speed bridge controllers, digital home centers, PHYceivers, switch controllers, wireless LAN ICs, and DTV demodulators, as well as Bluetooth, GNSS, and Internet of Things products. The company also offers computer peripheral ICs, such as PC audio codecs, consumer audio codecs, card reader solutions, class-D audio amplifiers, PC camera controllers, type-c PD controllers, and USB hubs; and multimedia ICs.

Realtek Semiconductor Fundamentals Summary

How do Realtek Semiconductor's earnings and revenue compare to its market cap?
2379 fundamental statistics
Market CapNT$192.32b
Earnings (TTM)NT$18.98b
Revenue (TTM)NT$111.92b

10.1x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2379 income statement (TTM)
RevenueNT$111.92b
Cost of RevenueNT$53.65b
Gross ProfitNT$58.27b
Other ExpensesNT$39.28b
EarningsNT$18.98b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)37.02
Gross Margin52.06%
Net Profit Margin16.96%
Debt/Equity Ratio24.4%

How did 2379 perform over the long term?

See historical performance and comparison

Dividends

8.0%

Current Dividend Yield

81%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2379 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2379?

Other financial metrics that can be useful for relative valuation.

2379 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/Revenue1.3x
Enterprise Value/EBITDA6.9x
PEG Ratio4.3x

Price to Earnings Ratio vs Peers

How does 2379's PE Ratio compare to its peers?

2379 PE Ratio vs Peers
The above table shows the PE ratio for 2379 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.8x

Price-To-Earnings vs Peers: 2379 is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (13.8x).


Price to Earnings Ratio vs Industry

How does 2379's PE Ratio compare vs other companies in the Taiwanese Semiconductor Industry?

Price-To-Earnings vs Industry: 2379 is good value based on its Price-To-Earnings Ratio (10.1x) compared to the TW Semiconductor industry average (13.1x)


Price to Earnings Ratio vs Fair Ratio

What is 2379'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.

2379 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ratio15.2x

Price-To-Earnings vs Fair Ratio: 2379 is good value based on its Price-To-Earnings Ratio (10.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).


Share Price vs Fair Value

What is the Fair Price of 2379 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2379 (NT$375) is trading below our estimate of fair value (NT$999.42)

Significantly Below Fair Value: 2379 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 2379 is poor value based on its PEG Ratio (4.3x)


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Future Growth

How is Realtek Semiconductor forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2379's forecast earnings growth (2.3% per year) is above the savings rate (0.7%).

Earnings vs Market: 2379's earnings (2.3% per year) are forecast to grow slower than the TW market (7.2% per year).

High Growth Earnings: 2379's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2379's revenue (6.4% per year) is forecast to grow slower than the TW market (7.5% per year).

High Growth Revenue: 2379's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2379's Return on Equity is forecast to be very high in 3 years time (40.2%).


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Past Performance

How has Realtek Semiconductor performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


37.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2379 has high quality earnings.

Growing Profit Margin: 2379's current net profit margins (17%) are higher than last year (12%).


Past Earnings Growth Analysis

Earnings Trend: 2379's earnings have grown significantly by 37.4% per year over the past 5 years.

Accelerating Growth: 2379's earnings growth over the past year (85.8%) exceeds its 5-year average (37.4% per year).

Earnings vs Industry: 2379 earnings growth over the past year (85.8%) exceeded the Semiconductor industry 67.8%.


Return on Equity

High ROE: 2379's Return on Equity (40.9%) is considered outstanding.


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Financial Health

How is Realtek Semiconductor'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: 2379's short term assets (NT$92.5B) exceed its short term liabilities (NT$58.2B).

Long Term Liabilities: 2379's short term assets (NT$92.5B) exceed its long term liabilities (NT$3.9B).


Debt to Equity History and Analysis

Debt Level: 2379 has more cash than its total debt.

Reducing Debt: 2379's debt to equity ratio has reduced from 72.4% to 24.4% over the past 5 years.

Debt Coverage: 2379's debt is well covered by operating cash flow (219.3%).

Interest Coverage: 2379 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.00%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2379's dividend (8%) is higher than the bottom 25% of dividend payers in the TW market (2.54%).

High Dividend: 2379's dividend (8%) is in the top 25% of dividend payers in the TW market (6.34%)


Stability and Growth of Payments

Stable Dividend: 2379's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2379's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (80.7%), 2379's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (72.8%), 2379's dividend payments are covered by cash flows.


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Management

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

15.3yrs

Average management tenure


CEO

Sun-Chien Chiu

22.92yrs

Tenure

Mr. Sun-Chien Chiu has been the Chairman of the Board of Directors of Realtek Semiconductor Corp. since August 09, 2021 and serves as its Chief Executive Officer. He had been the Vice Chairman of Realtek S...


Leadership Team

Experienced Management: 2379's management team is seasoned and experienced (15.3 years average tenure).


Board Members

Experienced Board: 2379's board of directors are seasoned and experienced ( 10 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

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


Key Information

  • Name: Realtek Semiconductor Corp.
  • Ticker: 2379
  • Exchange: TWSE
  • Founded: 1987
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: NT$192.324b
  • Shares outstanding: 512.86m
  • Website: https://www.realtek.com

Number of Employees


Location

  • Realtek Semiconductor Corp.
  • No. 2, Innovation Road II
  • Hsinchu Science Park
  • Hsinchu City
  • 300
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 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.