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3035

Faraday Technology TWSE:3035 Stock Report

Last Price

NT$175.50

Market Cap

NT$44.2b

7D

13.6%

1Y

102.4%

Updated

16 Aug, 2022

Data

Company Financials +
3035 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance6/6
Financial Health6/6
Dividends3/6

3035 Stock Overview

Faraday Technology Corporation, together with its subsidiaries, operates as a fabless ASIC/SoC and silicon intellectual property (IP) provider China, Taiwan, Japan, the United States, and internationally.

Faraday Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Faraday Technology
Historical stock prices
Current Share PriceNT$175.50
52 Week HighNT$331.50
52 Week LowNT$84.80
Beta1.33
1 Month Change15.08%
3 Month Change-34.52%
1 Year Change102.42%
3 Year Change202.07%
5 Year Change298.86%
Change since IPO38.39%

Recent News & Updates

Shareholder Returns

3035TW SemiconductorTW Market
7D13.6%2.7%2.7%
1Y102.4%-15.2%-8.2%

Return vs Industry: 3035 exceeded the TW Semiconductor industry which returned -15.2% over the past year.

Return vs Market: 3035 exceeded the TW Market which returned -8.2% over the past year.

Price Volatility

Is 3035's price volatile compared to industry and market?
3035 volatility
3035 Average Weekly Movement9.7%
Semiconductor Industry Average Movement6.5%
Market Average Movement5.0%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 3035 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 3035's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
1993n/aSteve Wanghttps://www.faraday-tech.com

Faraday Technology Corporation, together with its subsidiaries, operates as a fabless ASIC/SoC and silicon intellectual property (IP) provider China, Taiwan, Japan, the United States, and internationally. The company offers SoC design services and evaluation platforms; and ASIC services. It also provides IP products, including library and memory compilers, processor cores, analog IPs, peripheral IPs, and interface IPs.

Faraday Technology Fundamentals Summary

How do Faraday Technology's earnings and revenue compare to its market cap?
3035 fundamental statistics
Market CapNT$44.24b
Earnings (TTM)NT$2.14b
Revenue (TTM)NT$11.43b

20.4x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3035 income statement (TTM)
RevenueNT$11.43b
Cost of RevenueNT$5.68b
Gross ProfitNT$5.76b
Other ExpensesNT$3.62b
EarningsNT$2.14b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.60
Gross Margin50.34%
Net Profit Margin18.69%
Debt/Equity Ratio0%

How did 3035 perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

38%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 3035 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3035?

Other financial metrics that can be useful for relative valuation.

3035 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/Revenue3.4x
Enterprise Value/EBITDA14.7x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does 3035's PE Ratio compare to its peers?

3035 PE Ratio vs Peers
The above table shows the PE ratio for 3035 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.4x
3653 Jentech Precision Industrial
26.9xn/aNT$50.0b
2441 Greatek Electronics
7.6xn/aNT$36.3b
6531 AP Memory Technology
13.8x1.8%NT$33.9b
3374 Xintec
20.6x4.0%NT$33.8b
3035 Faraday Technology
20.4x9.2%NT$44.2b

Price-To-Earnings vs Peers: 3035 is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the peer average (17.4x).


Price to Earnings Ratio vs Industry

How does 3035's PE Ratio compare vs other companies in the TW Semiconductor Industry?

Price-To-Earnings vs Industry: 3035 is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the TW Semiconductor industry average (12.6x)


Price to Earnings Ratio vs Fair Ratio

What is 3035'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.

3035 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.4x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: 3035 is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).


Share Price vs Fair Value

What is the Fair Price of 3035 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3035 (NT$175.5) is trading above our estimate of fair value (NT$118.01)

Significantly Below Fair Value: 3035 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Faraday Technology forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3035's forecast earnings growth (9.2% per year) is above the savings rate (0.7%).

Earnings vs Market: 3035's earnings (9.2% per year) are forecast to grow faster than the TW market (6% per year).

High Growth Earnings: 3035's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3035's revenue (11.1% per year) is forecast to grow faster than the TW market (7.2% per year).

High Growth Revenue: 3035's revenue (11.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3035's Return on Equity is forecast to be high in 3 years time (26%)


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Past Performance

How has Faraday Technology 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


42.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3035 has high quality earnings.

Growing Profit Margin: 3035's current net profit margins (18.7%) are higher than last year (7.1%).


Past Earnings Growth Analysis

Earnings Trend: 3035's earnings have grown significantly by 42.9% per year over the past 5 years.

Accelerating Growth: 3035's earnings growth over the past year (390%) exceeds its 5-year average (42.9% per year).

Earnings vs Industry: 3035 earnings growth over the past year (390%) exceeded the Semiconductor industry 53.8%.


Return on Equity

High ROE: 3035's Return on Equity (29.9%) is considered high.


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Financial Health

How is Faraday Technology'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: 3035's short term assets (NT$10.0B) exceed its short term liabilities (NT$5.3B).

Long Term Liabilities: 3035's short term assets (NT$10.0B) exceed its long term liabilities (NT$373.1M).


Debt to Equity History and Analysis

Debt Level: 3035 is debt free.

Reducing Debt: 3035 has not had any debt for past 5 years.

Debt Coverage: 3035 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3035 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Faraday Technology current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.88%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 3035's dividend (1.88%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.46%).

High Dividend: 3035's dividend (1.88%) is low compared to the top 25% of dividend payers in the TW market (6.46%).


Stability and Growth of Payments

Stable Dividend: 3035's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3035's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (38.4%), 3035's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (39.3%), 3035's dividend payments are well covered by cash flows.


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Management

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

7.1yrs

Average management tenure


CEO

Steve Wang

7.08yrs

Tenure

Mr. Kuo-Yung Wang also known as Steve serves as the President of Faraday Technology Corporation since July 28, 2015 and has been its Director since November 21, 2011. Mr. Wang holds a Master of Industrial...


Leadership Team

Experienced Management: 3035's management team is seasoned and experienced (7.1 years average tenure).


Board Members

Experienced Board: 3035's board of directors are considered experienced (6.2 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

Faraday Technology Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Faraday Technology Corporation
  • Ticker: 3035
  • Exchange: TWSE
  • Founded: 1993
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: NT$44.242b
  • Shares outstanding: 248.55m
  • Website: https://www.faraday-tech.com

Location

  • Faraday Technology Corporation
  • No.5, Li-Hsin Road III
  • 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 Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/06/30
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.