Novatek Microelectronics Future Growth

Future criteria checks 2/6

Novatek Microelectronics is forecast to grow earnings and revenue by 5.4% and 6.1% per annum respectively. EPS is expected to grow by 5% per annum. Return on equity is forecast to be 31.7% in 3 years.

Key information

5.4%

Earnings growth rate

5.0%

EPS growth rate

Semiconductor earnings growth	19.4%
Revenue growth rate	6.1%
Future return on equity	31.7%
Analyst coverage	Good
Last updated	19 Jun 2024

Recent future growth updates

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

Apr 30

Recent updates

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

Here's Why I Think Novatek Microelectronics (TPE:3034) Might Deserve Your Attention Today

Apr 25

Is Novatek Microelectronics Corp. (TPE:3034) A Good Fit For Your Dividend Portfolio?

Apr 11

An Intrinsic Calculation For Novatek Microelectronics Corp. (TPE:3034) Suggests It's 45% Undervalued

Mar 15

What Type Of Shareholders Own The Most Number of Novatek Microelectronics Corp. (TPE:3034) Shares?

Mar 02

Novatek Microelectronics (TPE:3034) Has Rewarded Shareholders With An Exceptional 382% Total Return On Their Investment

Feb 17

Analysts Just Made A Meaningful Upgrade To Their Novatek Microelectronics Corp. (TPE:3034) Forecasts

Feb 05

Will Novatek Microelectronics (TPE:3034) Become A Multi-Bagger?

Jan 30

I Ran A Stock Scan For Earnings Growth And Novatek Microelectronics (TPE:3034) Passed With Ease

Jan 18

Is Novatek Microelectronics Corp. (TPE:3034) A Risky Dividend Stock?

Jan 06

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	129,405	26,483	24,464	25,790	8
12/31/2025	122,369	25,388	24,313	25,371	18
12/31/2024	110,794	22,059	18,066	20,148	18
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	8,180	8,676	N/A
3/31/2018	46,621	5,012	6,633	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
9/30/2013	41,539	4,886	N/A	3,071	N/A
6/30/2013	41,203	4,941	N/A	4,384	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3034's forecast earnings growth (5.4% per year) is above the savings rate (1%).

Earnings vs Market: 3034's earnings (5.4% per year) are forecast to grow slower than the TW market (18% per year).

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

Revenue vs Market: 3034's revenue (6.1% per year) is forecast to grow slower than the TW market (11.7% per year).

High Growth Revenue: 3034's revenue (6.1% 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 (31.7%)

Novatek Microelectronics Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

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

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

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

Price target increased by 9.6% to NT$476

Recent updates

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

Novatek Microelectronics Corp. Approves Cash Dividend

Investor sentiment deteriorated over the past week

Price target decreased to NT$401

Upcoming dividend of NT$51.50 per share

Price target decreased to NT$526

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 20% undervalued

Price target decreased to NT$568

Third quarter 2021 earnings released: EPS NT$20.17 (vs NT$5.60 in 3Q 2020)

Price target decreased to NT$629

Upcoming dividend of NT$15.60 per share

Consensus EPS estimates increase to NT$60.52