Faraday Technology Future Growth

Future criteria checks 6/6

Faraday Technology is forecast to grow earnings and revenue by 38.9% and 22.3% per annum respectively. EPS is expected to grow by 41.7% per annum. Return on equity is forecast to be 27.2% in 3 years.

Key information

38.9%

Earnings growth rate

41.7%

EPS growth rate

Semiconductor earnings growth	19.0%
Revenue growth rate	22.3%
Future return on equity	27.2%
Analyst coverage	Good
Last updated	25 Apr 2024

Recent future growth updates

Recent updates

Faraday Technology (TPE:3035) Will Be Hoping To Turn Its Returns On Capital Around

Apr 12

At NT$52.10, Is Faraday Technology Corporation (TPE:3035) Worth Looking At Closely?

Mar 26

Faraday Technology Corporation (TPE:3035) Investors Should Think About This Before Buying It For Its Dividend

Mar 11

How Much Did Faraday Technology's(TPE:3035) Shareholders Earn From Share Price Movements Over The Last Three Years?

Feb 24

Faraday Technology Corporation's (TPE:3035) Intrinsic Value Is Potentially 46% Above Its Share Price

Feb 09

Earnings and Revenue Growth Forecasts

TWSE:3035 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	21,686	4,863	4,853	4,966	3
12/31/2025	15,791	2,800	1,996	3,314	9
12/31/2024	12,050	1,621	1,698	2,243	10
3/31/2024	11,282	1,368	2,814	3,496	N/A
12/31/2023	11,966	1,589	2,341	3,007	N/A
9/30/2023	12,392	1,794	1,486	2,193	N/A
6/30/2023	12,673	2,039	1,655	2,237	N/A
3/31/2023	13,121	2,287	315	929	N/A
12/31/2022	13,065	2,455	727	1,200	N/A
9/30/2022	12,460	2,409	1,955	2,350	N/A
6/30/2022	11,434	2,137	2,089	2,390	N/A
3/31/2022	9,757	1,656	2,583	2,850	N/A
12/31/2021	8,085	1,156	2,170	2,506	N/A
9/30/2021	6,871	701	1,667	1,944	N/A
6/30/2021	6,146	436	937	1,216	N/A
3/31/2021	5,765	399	983	1,268	N/A
12/31/2020	5,495	268	390	701	N/A
9/30/2020	5,467	294	574	910	N/A
6/30/2020	5,566	378	275	732	N/A
3/31/2020	5,474	291	414	735	N/A
12/31/2019	5,306	348	488	854	N/A
9/30/2019	5,256	377	90	425	N/A
6/30/2019	5,070	318	148	442	N/A
3/31/2019	4,959	290	-251	250	N/A
12/31/2018	4,905	263	-131	302	N/A
9/30/2018	4,684	226	-48	390	N/A
6/30/2018	4,546	263	143	727	N/A
3/31/2018	4,953	384	622	1,098	N/A
12/31/2017	5,343	260	N/A	1,267	N/A
9/30/2017	5,469	269	N/A	1,432	N/A
6/30/2017	5,512	218	N/A	1,186	N/A
3/31/2017	5,427	168	N/A	735	N/A
12/31/2016	5,260	301	N/A	201	N/A
9/30/2016	5,625	174	N/A	112	N/A
6/30/2016	5,904	270	N/A	208	N/A
3/31/2016	6,229	349	N/A	238	N/A
12/31/2015	6,578	461	N/A	684	N/A
9/30/2015	6,419	708	N/A	1,133	N/A
6/30/2015	6,202	674	N/A	947	N/A
3/31/2015	5,916	701	N/A	892	N/A
12/31/2014	5,742	679	N/A	840	N/A
9/30/2014	5,869	715	N/A	984	N/A
6/30/2014	6,252	784	N/A	1,474	N/A
3/31/2014	6,558	782	N/A	1,875	N/A
12/31/2013	6,946	819	N/A	1,836	N/A
9/30/2013	7,436	819	N/A	1,366	N/A
6/30/2013	8,081	936	N/A	1,406	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3035's forecast earnings growth (38.9% per year) is above the savings rate (1%).

Earnings vs Market: 3035's earnings (38.9% per year) are forecast to grow faster than the TW market (19.7% per year).

High Growth Earnings: 3035's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3035's revenue (22.3% per year) is forecast to grow faster than the TW market (10.5% per year).

High Growth Revenue: 3035's revenue (22.3% per year) is forecast to grow faster 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 (27.2%)

Faraday Technology Future Growth

Future criteria checks 6/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 10%

Consensus EPS estimates fall by 26%

Price target increased by 10% to NT$225

Price target increased by 9.6% to NT$197

Price target decreased by 8.5% to NT$192

Price target decreased by 8.5% to NT$192

Recent updates

Consensus revenue estimates fall by 10%

First quarter 2024 earnings: EPS misses analyst expectations

Faraday Technology Corporation to Report Q1, 2024 Results on Apr 23, 2024

Faraday Technology Corporation announced that it expects to receive TWD 96 million in funding

Consensus EPS estimates fall by 26%

Faraday Technology Corporation, Annual General Meeting, May 29, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Faraday Technology Corporation Announces Dividend

Investor sentiment improves as stock rises 18%

Faraday Technology Corporation Unveils Enhanced Gigabit Ethernet PHY on UMC's 28HPC+ Process

Third quarter 2023 earnings: EPS misses analyst expectations

Faraday Technology Corporation Announces the Appointment of Li-Ying Li as Chief Internal Auditor

Faraday Technology Corporation Approves to Establish the Nominating Committee

Investor sentiment deteriorates as stock falls 16%

Faraday Unveils 2.5D/3D Advanced Package Service for Chiplets

Faraday Technology Corporation Announces Infineon's SONOS eFlash is Fully Qualified on UMC's 40ULP Process

New major risk - Share price stability

Second quarter 2023 earnings: EPS exceeds analyst expectations

Price target increased by 10% to NT$225

Investor sentiment improves as stock rises 26%

Faraday's Launches SerDes Advanced Service to Accelerate Asics into Production

Investor sentiment improves as stock rises 27%

Price target increased by 9.6% to NT$197

Upcoming dividend of NT$5.00 per share at 3.0% yield

First quarter 2023 earnings: EPS misses analyst expectations

Price target decreased by 8.5% to NT$192

Price target decreased by 8.5% to NT$192

Investor sentiment deteriorates as stock falls 16%

Consensus revenue estimates fall by 12%

Price target increased by 8.3% to NT$190

Full year 2022 earnings: EPS misses analyst expectations

Investor sentiment improves as stock rises 22%

Less than half of directors are independent

Price target decreased to NT$176

Third quarter 2022 earnings: EPS exceeds analyst expectations

Faraday Technology Corporation Unveils Design Implementation Services for FinFET Technology Targeting All Foundries

Price target decreased to NT$190

Now 20% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Faraday Technology Corporation Unveils FPGA-Go-ASIC Prototyping Platform to Accelerate FPGA-to-ASIC Conversion

Price target decreased to NT$207

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improved over the past week

Upcoming dividend of NT$3.30 per share

Investor sentiment deteriorated over the past week

Faraday Technology Corporation Announces Dividend for 2021, Payable on August 11, 2022

Investor sentiment deteriorated over the past week

Faraday Technology Corporation Launches Soteria! Security IP Subsystem for IoT ASIC

Faraday Technology Corporation Approves Cash Dividend for the Year 2021

Faraday Technology Corporation Approves Cash Dividend for the Year 2021

Now 22% undervalued

Faraday Continues Expanding its Ethernet Solutions for Networking Demands in ASIC

Now 25% undervalued

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 13%

Less than half of directors are independent

Faraday Technology Corporation Launches Cortex-A53-based Platform to Accelerate FinFET SoC Development

Now 21% undervalued

Consensus revenue estimates increase by 28%

Faraday Technology Corporation, Annual General Meeting, May 24, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS NT$1.31 (vs NT$0.25 in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week