Buy Or Sell Opportunity • 9h
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 117% to NT$5,040. The fair value is estimated to be NT$4,096, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 37% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Declared Dividend • May 23
Dividend increased to NT$20.00 Dividend of NT$20.00 is 25% higher than last year. Ex-date: 8th June 2026 Payment date: 30th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 3.0%. Reported Earnings • May 05
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: NT$12.28 (up from NT$7.17 in 1Q 2025). Revenue: NT$11.4b (up 63% from 1Q 2025). Net income: NT$1.65b (up 71% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 44%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 62% per year, which means it is well ahead of earnings. Price Target Changed • Apr 27
Price target increased by 11% to NT$3,435 Up from NT$3,091, the current price target is an average from 16 analysts. New target price is 13% below last closing price of NT$3,955. Stock is up 284% over the past year. The company is forecast to post earnings per share of NT$43.16 for next year compared to NT$28.13 last year. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$2,165, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 98% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,161 per share. Major Estimate Revision • Feb 06
Consensus revenue estimates increase by 14% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$45.9b to NT$52.3b. EPS estimate increased from NT$40.86 to NT$42.06 per share. Net income forecast to grow 46% next year vs 39% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$2,278 to NT$2,926. Share price fell 9.7% to NT$2,365 over the past week. Announcement • Jan 30
Global Unichip Corp., Annual General Meeting, May 21, 2026 Global Unichip Corp., Annual General Meeting, May 21, 2026. Location: 3 floor no,10, li hsing 6th rd., hsinchu science park, hsinchu city Taiwan Reported Earnings • Jan 30
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: NT$28.13 (up from NT$25.75 in FY 2024). Revenue: NT$34.1b (up 36% from FY 2024). Net income: NT$3.77b (up 9.2% from FY 2024). Profit margin: 11% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Price Target Changed • Jan 26
Price target increased by 7.2% to NT$2,238 Up from NT$2,087, the current price target is an average from 16 analysts. New target price is 15% below last closing price of NT$2,620. Stock is up 98% over the past year. The company is forecast to post earnings per share of NT$27.21 for next year compared to NT$25.75 last year. Price Target Changed • Jan 16
Price target increased by 7.5% to NT$2,087 Up from NT$1,941, the current price target is an average from 16 analysts. New target price is 17% below last closing price of NT$2,510. Stock is up 105% over the past year. The company is forecast to post earnings per share of NT$26.90 for next year compared to NT$25.75 last year. New Risk • Dec 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Price Target Changed • Dec 02
Price target increased by 10% to NT$1,738 Up from NT$1,578, the current price target is an average from 16 analysts. New target price is 20% below last closing price of NT$2,170. Stock is up 82% over the past year. The company is forecast to post earnings per share of NT$26.88 for next year compared to NT$25.75 last year. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$1,735, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 201% over the past three years. Reported Earnings • Oct 31
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: NT$6.47 (down from NT$7.71 in 3Q 2024). Revenue: NT$8.61b (up 30% from 3Q 2024). Net income: NT$866.9m (down 16% from 3Q 2024). Profit margin: 10% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$1,675, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 334% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$1,385, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 164% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$558 per share. Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: NT$5.84 (vs NT$6.77 in 2Q 2024) Second quarter 2025 results: EPS: NT$5.84 (down from NT$6.77 in 2Q 2024). Revenue: NT$6.10b (down 9.2% from 2Q 2024). Net income: NT$781.7m (down 14% from 2Q 2024). Profit margin: 13% (in line with 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$1,225, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 148% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$646 per share. Declared Dividend • May 17
Dividend increased to NT$16.00 Dividend of NT$16.00 is 14% higher than last year. Ex-date: 3rd June 2025 Payment date: 26th June 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 16
Global Unichip Corp. Approves Cash Dividend for the Year 2024 Global Unichip Corp. approves cash dividend of TWD 16.0 per share for year 2024 at its shareholders meeting held on May 15, 2025. Reported Earnings • Apr 26
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: NT$7.17 (up from NT$4.95 in 1Q 2024). Revenue: NT$7.02b (up 23% from 1Q 2024). Net income: NT$961.4m (up 45% from 1Q 2024). Profit margin: 14% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 25
Price target decreased by 8.0% to NT$1,374 Down from NT$1,494, the current price target is an average from 16 analysts. New target price is 40% above last closing price of NT$979. Stock is down 26% over the past year. The company is forecast to post earnings per share of NT$29.15 for next year compared to NT$25.75 last year. Announcement • Apr 10
Global Unichip Corp. Announces Change of Representative of Juristic-Person Director, Effective April 09, 2025 Global Unichip Corp. announced replacement of Representative of Juristic-Person Director. Name of the previous position holder: Dr. L.C. Lu, Representative of Juristic-Person Director. Resume of the previous position holder: Vice President of Research & Development /Design & Technology Platform at TSMC. Name of the new position holder: Ms. Lie-Szu Juang, Representative of Juristic-Person Director. Resume of the new position holder: Senior Director of Research & Development /Design & Technology Platform at TSMC. Effective date of the new appointment: April 09, 2025. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$900, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 96% over the past three years. Major Estimate Revision • Feb 10
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$32.7b to NT$30.2b. EPS estimate also fell from NT$33.35 per share to NT$29.86 per share. Net income forecast to grow 12% next year vs 31% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$1,478. Share price rose 4.3% to NT$1,335 over the past week. Major Estimate Revision • Feb 04
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$33.35 to NT$37.11. Revenue forecast steady at NT$32.6b. Net income forecast to grow 27% next year vs 31% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$1,443. Share price was steady at NT$1,310 over the past week. Reported Earnings • Jan 24
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: NT$25.75 (down from NT$26.18 in FY 2023). Revenue: NT$25.0b (down 4.6% from FY 2023). Net income: NT$3.45b (down 1.6% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 1.1%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$1,480, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 150% over the past three years. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: NT$7.71 (up from NT$7.64 in 3Q 2023). Revenue: NT$6.61b (down 2.9% from 3Q 2023). Net income: NT$1.03b (up 1.0% from 3Q 2023). Profit margin: 16% (in line with 3Q 2023). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$1,170, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$854 per share. Buy Or Sell Opportunity • Sep 12
Now 25% overvalued Over the last 90 days, the stock has fallen 32% to NT$1,065. The fair value is estimated to be NT$853, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 72% in the next 2 years. Buy Or Sell Opportunity • Aug 09
Now 21% overvalued Over the last 90 days, the stock has fallen 19% to NT$1,030. The fair value is estimated to be NT$854, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$1,150, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 211% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$853 per share. Price Target Changed • Jul 29
Price target decreased by 7.2% to NT$1,598 Down from NT$1,721, the current price target is an average from 13 analysts. New target price is 33% above last closing price of NT$1,205. Stock is down 26% over the past year. The company is forecast to post earnings per share of NT$27.49 for next year compared to NT$26.18 last year. Reported Earnings • Jul 26
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: NT$6.78 (up from NT$6.26 in 2Q 2023). Revenue: NT$6.72b (up 2.0% from 2Q 2023). Net income: NT$907.4m (up 8.2% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 18
Dividend of NT$14.00 announced Dividend of NT$14.00 is the same as last year. Ex-date: 3rd June 2024 Payment date: 27th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 13
Now 21% overvalued Over the last 90 days, the stock has fallen 7.0% to NT$1,335. The fair value is estimated to be NT$1,101, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Reported Earnings • Apr 26
First quarter 2024 earnings: EPS in line with expectations, revenues disappoint First quarter 2024 results: EPS: NT$4.94 (down from NT$6.97 in 1Q 2023). Revenue: NT$5.69b (down 13% from 1Q 2023). Net income: NT$662.6m (down 29% from 1Q 2023). Profit margin: 12% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 44% per year. Announcement • Apr 20
Global Unichip Corp. to Report Q1, 2024 Results on Apr 25, 2024 Global Unichip Corp. announced that they will report Q1, 2024 results on Apr 25, 2024 Price Target Changed • Feb 05
Price target decreased by 8.8% to NT$1,548 Down from NT$1,698, the current price target is an average from 13 analysts. New target price is 7.9% above last closing price of NT$1,435. Stock is up 80% over the past year. The company is forecast to post earnings per share of NT$26.18 for next year compared to NT$26.18 last year. Reported Earnings • Feb 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: NT$26.18 (down from NT$27.69 in FY 2022). Revenue: NT$26.2b (up 9.2% from FY 2022). Net income: NT$3.51b (down 5.5% from FY 2022). Profit margin: 13% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 01
Global Unichip Corp. Proposes Dividend Distribution for the Year 2023 Global Unichip Corp. proposed dividend distribution of TWD 14 per share or cash distributed to shareholders of TWD 1,876,166,754 for the year 2023. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$1,895, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 509% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$867 per share. Reported Earnings • Oct 28
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: NT$7.64 (down from NT$7.90 in 3Q 2022). Revenue: NT$6.81b (up 12% from 3Q 2022). Net income: NT$1.02b (down 3.3% from 3Q 2022). Profit margin: 15% (down from 18% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$1,695, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 537% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$941 per share. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to NT$1,405, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 381% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$700 per share. Price Target Changed • Aug 01
Price target increased by 10% to NT$1,647 Up from NT$1,496, the current price target is an average from 11 analysts. New target price is 12% above last closing price of NT$1,475. Stock is up 189% over the past year. The company is forecast to post earnings per share of NT$25.31 for next year compared to NT$27.69 last year. Reported Earnings • Jul 28
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: NT$6.26 (up from NT$5.68 in 2Q 2022). Revenue: NT$6.59b (up 22% from 2Q 2022). Net income: NT$838.5m (up 10% from 2Q 2022). Profit margin: 13% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$1,870, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 583% over the past three years. Price Target Changed • Jul 08
Price target increased by 9.9% to NT$1,418 Up from NT$1,291, the current price target is an average from 11 analysts. New target price is 11% below last closing price of NT$1,600. Stock is up 234% over the past year. The company is forecast to post earnings per share of NT$30.59 for next year compared to NT$27.69 last year. Price Target Changed • Jun 21
Price target increased by 11% to NT$1,259 Up from NT$1,134, the current price target is an average from 10 analysts. New target price is 23% below last closing price of NT$1,625. Stock is up 243% over the past year. The company is forecast to post earnings per share of NT$31.08 for next year compared to NT$27.69 last year. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$1,645, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 677% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$747 per share. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ho-Min Chen was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 26
Upcoming dividend of NT$14.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 02 June 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 46% and the cash payout ratio is 90%. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$1,390, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 537% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$755 per share. Announcement • May 20
Global Unichip Corp. Announces Replacement of Representative of Juristic-Person Director Global Unichip Corp. appointed Dr. L.C. Lu, Representative of Juristic-Person Director inplace of Ph.D., Electrical and Computer Engineering,Syracuse University Senior VP of tsmc, effective May 19, 2023. Price Target Changed • May 04
Price target increased by 10% to NT$1,085 Up from NT$984, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$1,105. Stock is up 126% over the past year. The company is forecast to post earnings per share of NT$31.08 for next year compared to NT$27.69 last year. Reported Earnings • Apr 29
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: EPS: NT$6.97 (up from NT$4.07 in 1Q 2022). Revenue: NT$6.53b (up 45% from 1Q 2022). Net income: NT$934.2m (up 71% from 1Q 2022). Profit margin: 14% (up from 12% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$1,115, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 423% over the past three years. Price Target Changed • Feb 07
Price target increased by 20% to NT$859 Up from NT$717, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$841. Stock is up 84% over the past year. The company is forecast to post earnings per share of NT$30.66 for next year compared to NT$27.69 last year. Reported Earnings • Feb 05
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: NT$27.69 (up from NT$10.90 in FY 2021). Revenue: NT$24.0b (up 59% from FY 2021). Net income: NT$3.71b (up 154% from FY 2021). Profit margin: 15% (up from 9.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Global Unichip Corp. Proposes Dividend Distribution Global Unichip Corp. proposed dividend distribution of TWD 14 per share or cash distributed to shareholders of TWD 1,876,166,754. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$864, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 271% over the past three years. Announcement • Jan 19
GUC Delivers its First TSMC N3 Chip and First AI-Optimized N5 Design Using Cadence Digital Solutions Cadence Design Systems Inc. announced that Global Unichip Corp. (GUC) successfully delivered an advanced HPC design and a CPU design using Cadence® digital solutions. The HPC design was created using the Cadence Innovus™ Implementation System on TSMC’s advanced N3 process and featured a 3.5 million instance count that reached clock speeds of up to 3.16GHz. The CPU design was created using the AI-enabled Cadence Cerebrus™ Intelligent Chip Explorer and the digital full flow on the TSMC N5 process technology, delivering 8% reduced power and a 9% area improvement while significantly improving engineering productivity. The Innovus Implementation System’s highly accurate GigaPlace engine provided GUC with support for TSMC FinFlex™ cell row placement and consideration for pin access throughout the flow for N3 design rule checking (DRC) closure. The state-of-the-art GigaOpt engine delivered improved optimization by enabling the most optimal configuration from the TSMC N3 library while balancing different cell row utilization. The Innovus Implementation System also includes a massively parallel architecture and incorporates the well-established NanoRoute engine, which enabled GUC to address signal integrity early in the design flow while improving post-route correlation. Cadence Cerebrus, coupled with the Cadence digital flow, was instrumental in providing GUC with power, performance and area (PPA) benefits as well as the ability to perform synthesis through implementation and signoff on their 5nm CPU design, optimizing engineering team productivity. Unique to Cadence Cerebrus is its reinforcement learning engine that autonomously optimized GUC’s design flow, allowing the team to exceed human engineering potential and accelerate time to market. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$636, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 177% over the past three years. Announcement • Dec 16
Global Unichip Corp. to Report Q1, 2023 Results on Apr 27, 2023 Global Unichip Corp. announced that they will report Q1, 2023 results at 5:30 PM, Taipei Standard Time on Apr 27, 2023 