Novatek Microelectronics Future Growth

Future criteria checks 2/6

Novatek Microelectronics is forecast to grow earnings and revenue by 5.8% and 6.3% per annum respectively. EPS is expected to grow by 6.1% per annum. Return on equity is forecast to be 32.6% in 3 years.

Key information

5.8%

Earnings growth rate

6.1%

EPS growth rate

Semiconductor earnings growth	20.5%
Revenue growth rate	6.3%
Future return on equity	32.6%
Analyst coverage	Good
Last updated	08 Dec 2024

Recent future growth updates

Here's What Analysts Are Forecasting For Novatek Microelectronics Corp. (TWSE:3034) After Its Third-Quarter Results

Nov 04

Novatek Microelectronics Corp. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Jul 31

Novatek Microelectronics Corp. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Apr 30

Recent updates

There Is A Reason Novatek Microelectronics Corp.'s (TWSE:3034) Price Is Undemanding

Dec 17

Here's What Analysts Are Forecasting For Novatek Microelectronics Corp. (TWSE:3034) After Its Third-Quarter Results

Nov 04

Insufficient Growth At Novatek Microelectronics Corp. (TWSE:3034) Hampers Share Price

Aug 16

Novatek Microelectronics Corp. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Jul 31

Novatek Microelectronics (TWSE:3034) Is Reducing Its Dividend To NT$32.00

Jun 23

Investors Shouldn't Overlook The Favourable Returns On Capital At Novatek Microelectronics (TWSE:3034)

Jun 20

Novatek Microelectronics Corp. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Apr 30

At NT$574, Is Novatek Microelectronics Corp. (TWSE:3034) Worth Looking At Closely?

Apr 23

Novatek Microelectronics Corp.'s (TWSE:3034) Shares Lagging The Market But So Is The Business

Mar 23

Novatek Microelectronics (TWSE:3034) Is Achieving High Returns On Its Capital

Feb 29

Earnings and Revenue Growth Forecasts

TWSE:3034 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	119,719	23,929	21,245	23,134	10
12/31/2025	110,351	21,329	19,666	21,151	19
12/31/2024	102,694	19,975	18,499	21,393	19
9/30/2024	104,679	20,869	17,423	18,296	N/A
6/30/2024	105,743	21,976	25,127	25,859	N/A
3/31/2024	110,811	23,459	26,096	26,832	N/A
12/31/2023	110,429	23,318	28,818	29,981	N/A
9/30/2023	105,695	22,032	28,454	29,870	N/A
6/30/2023	96,329	19,972	23,972	25,221	N/A
3/31/2023	97,491	21,586	20,024	21,272	N/A
12/31/2022	109,957	27,970	21,532	22,691	N/A
9/30/2022	124,079	34,860	32,730	33,824	N/A
6/30/2022	142,861	42,826	39,468	40,724	N/A
3/31/2022	145,511	44,125	43,970	45,672	N/A
12/31/2021	135,366	38,866	40,337	41,721	N/A
9/30/2021	121,276	31,577	27,279	29,787	N/A
6/30/2021	104,932	22,711	19,887	23,714	N/A
3/31/2021	89,431	15,481	15,682	19,274	N/A
12/31/2020	79,956	11,817	11,742	15,380	N/A
9/30/2020	74,028	9,975	4,928	7,439	N/A
6/30/2020	68,623	8,601	6,349	7,628	N/A
3/31/2020	66,317	8,171	5,729	7,352	N/A
12/31/2019	64,372	7,927	5,244	7,147	N/A
9/30/2019	63,193	8,178	6,756	9,011	N/A
6/30/2019	62,354	7,986	4,722	6,844	N/A
3/31/2019	59,314	7,442	5,015	6,532	N/A
12/31/2018	54,834	6,391	6,751	8,011	N/A
9/30/2018	51,438	5,653	7,116	7,706	N/A
6/30/2018	48,080	5,368	N/A	8,676	N/A
3/31/2018	46,621	5,012	N/A	7,067	N/A
12/31/2017	47,074	5,024	N/A	4,382	N/A
9/30/2017	46,342	4,965	N/A	5,073	N/A
6/30/2017	45,965	4,638	N/A	4,652	N/A
3/31/2017	45,599	4,712	N/A	5,254	N/A
12/31/2016	45,651	5,004	N/A	7,049	N/A
9/30/2016	47,063	5,264	N/A	8,204	N/A
6/30/2016	48,126	5,735	N/A	8,399	N/A
3/31/2016	49,142	5,921	N/A	7,941	N/A
12/31/2015	50,870	6,399	N/A	9,135	N/A
9/30/2015	53,347	6,970	N/A	8,381	N/A
6/30/2015	55,545	7,360	N/A	7,992	N/A
3/31/2015	56,172	7,642	N/A	6,972	N/A
12/31/2014	54,067	7,209	N/A	5,749	N/A
9/30/2014	49,568	6,313	N/A	4,697	N/A
6/30/2014	44,860	5,465	N/A	3,841	N/A
3/31/2014	42,705	4,951	N/A	4,838	N/A
12/31/2013	41,450	4,745	N/A	4,880	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3034's forecast earnings growth (5.8% per year) is above the savings rate (1.1%).

Earnings vs Market: 3034's earnings (5.8% per year) are forecast to grow slower than the TW market (19.2% per year).

High Growth Earnings: 3034's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3034's revenue (6.3% per year) is forecast to grow slower than the TW market (12.1% per year).

High Growth Revenue: 3034's revenue (6.3% 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 (32.6%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 16:31
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Novatek Microelectronics Corp. is covered by 42 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Wanping Yeh	Barclays
Andrew Lu	Barclays
Eric Chen	BNP Paribas Securities (Asia)

Novatek Microelectronics Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Here's What Analysts Are Forecasting For Novatek Microelectronics Corp. (TWSE:3034) After Its Third-Quarter Results

Price target decreased by 9.7% to NT$549

Novatek Microelectronics Corp. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Price target increased by 9.8% to NT$604

Novatek Microelectronics Corp. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Price target increased by 9.6% to NT$489

Recent updates

There Is A Reason Novatek Microelectronics Corp.'s (TWSE:3034) Price Is Undemanding

Now 20% undervalued after recent price drop

Novatek Microelectronics Corp. to Report Q2, 2025 Results on Aug 06, 2025

Here's What Analysts Are Forecasting For Novatek Microelectronics Corp. (TWSE:3034) After Its Third-Quarter Results

New major risk - Dividend sustainability

Why Novatek Microelectronics Corp. (TWSE:3034) Could Be Worth Watching

Novatek Microelectronics (TWSE:3034) Looks To Prolong Its Impressive Returns

Estimating The Fair Value Of Novatek Microelectronics Corp. (TWSE:3034)

Insufficient Growth At Novatek Microelectronics Corp. (TWSE:3034) Hampers Share Price

Price target decreased by 9.7% to NT$549

Novatek Microelectronics Corp. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Second quarter 2024 earnings: EPS exceeds analyst expectations

Novatek Microelectronics Corp. Announces Change of Remuneration Committee

Novatek Microelectronics Corp. to Report Q2, 2024 Results on Jul 29, 2024

Novatek Microelectronics (TWSE:3034) Is Reducing Its Dividend To NT$32.00

Dividend reduced to NT$32.00

Novatek Microelectronics Corp. Announces Cash Dividend, Payable on August 9, 2024

Investors Shouldn't Overlook The Favourable Returns On Capital At Novatek Microelectronics (TWSE:3034)

Novatek Microelectronics Corp. Approves Board Elections

Now 20% overvalued after recent price rise

Price target increased by 9.8% to NT$604

Novatek Microelectronics Corp. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

First quarter 2024 earnings: EPS exceeds analyst expectations

Novatek Microelectronics Corp. to Report Q2, 2024 Results on Aug 06, 2024

At NT$574, Is Novatek Microelectronics Corp. (TWSE:3034) Worth Looking At Closely?

Novatek Microelectronics Corp. to Report Q1, 2024 Results on Apr 26, 2024

Novatek Microelectronics Corp.'s (TWSE:3034) Shares Lagging The Market But So Is The Business

Full year 2023 earnings: EPS exceeds analyst expectations

Novatek Microelectronics Corp., Annual General Meeting, May 31, 2024

Novatek Microelectronics (TWSE:3034) Is Achieving High Returns On Its Capital

Investor sentiment improves as stock rises 16%

Full year 2023 earnings: EPS exceeds analyst expectations

Novatek Microelectronics Corp. to Report Fiscal Year 2023 Results on Feb 06, 2024

Price target increased by 9.6% to NT$489

Novatek Microelectronics Corp. to Report Q3, 2023 Results on Nov 07, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations

Novatek Microelectronics Corp. Provides Revenue Guidance for the Third Quarter of 2023

Novatek Microelectronics Corp. Provides Revenue Guidance for the Third Quarter of 2023

Now 21% undervalued after recent price drop

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of NT$37.00 per share at 8.4% yield

Now 23% undervalued after recent price drop

Novatek Microelectronics Corp. Approves Cash Dividend, Payable on August 11, 2023

Now 20% undervalued

Price target increased by 9.6% to NT$476

Novatek Microelectronics Corp. Provides Revenue Guidance for the Second Quarter of 2023

Consensus EPS estimates increase by 12%

Price target increased by 7.3% to NT$398

Consensus EPS estimates increase by 11%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Novatek Microelectronics Corp. to Report Q1, 2023 Results on May 09, 2023

Price target increased by 16% to NT$338

Price target increased to NT$308

Now 20% undervalued

Novatek Microelectronics Corp. to Report Fiscal Year 2022 Results on Feb 07, 2023

Now 21% undervalued

Price target increased to NT$269

Less than half of directors are independent

Price target increased to NT$269

Investor sentiment improved over the past week

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Price target decreased to NT$292

Novatek Microelectronics Corp. Provides Revenue Guidance for the Third Quarter 2022

Consensus revenue estimates fall by 18%

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Novatek Microelectronics Corp. Announces Appointment on Nominating Committee