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3450

Elite Advanced Laser TWSE:3450 Stock Report

Last Price

NT$41.20

Market Cap

NT$6.0b

7D

-7.6%

1Y

-24.3%

Updated

27 Sep, 2022

Data

Company Financials
3450 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends2/6

3450 Stock Overview

Elite Advanced Laser Corporation provides electronic manufacturing services in Taiwan.

Elite Advanced Laser Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Elite Advanced Laser
Historical stock prices
Current Share PriceNT$41.20
52 Week HighNT$60.90
52 Week LowNT$38.60
Beta0.83
1 Month Change-12.43%
3 Month Change-3.29%
1 Year Change-24.27%
3 Year Change-26.03%
5 Year Change-59.89%
Change since IPO152.32%

Recent News & Updates

Shareholder Returns

3450TW SemiconductorTW Market
7D-7.6%-5.5%-4.7%
1Y-24.3%-30.6%-19.9%

Return vs Industry: 3450 exceeded the TW Semiconductor industry which returned -30.6% over the past year.

Return vs Market: 3450 underperformed the TW Market which returned -19.9% over the past year.

Price Volatility

Is 3450's price volatile compared to industry and market?
3450 volatility
3450 Average Weekly Movement4.9%
Semiconductor Industry Average Movement6.1%
Market Average Movement5.0%
10% most volatile stocks in TW Market8.2%
10% least volatile stocks in TW Market2.4%

Stable Share Price: 3450 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 3450's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000n/aWen Xing Huanghttps://www.elaser.com.tw

Elite Advanced Laser Corporation provides electronic manufacturing services in Taiwan. The company offers assembly and testing services for optoelectronic, optical information, and optical and RF communication devices; and sensors and power amplifiers. It also provides visible laser diodes.

Elite Advanced Laser Fundamentals Summary

How do Elite Advanced Laser's earnings and revenue compare to its market cap?
3450 fundamental statistics
Market CapNT$6.00b
Earnings (TTM)NT$308.26m
Revenue (TTM)NT$7.09b

19.5x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3450 income statement (TTM)
RevenueNT$7.09b
Cost of RevenueNT$5.62b
Gross ProfitNT$1.47b
Other ExpensesNT$1.16b
EarningsNT$308.26m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.12
Gross Margin20.74%
Net Profit Margin4.35%
Debt/Equity Ratio5.7%

How did 3450 perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

85%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 3450 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 3450?

Other financial metrics that can be useful for relative valuation.

3450 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/Revenue0.9x
Enterprise Value/EBITDA4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 3450's PE Ratio compare to its peers?

3450 PE Ratio vs Peers
The above table shows the PE ratio for 3450 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.5x
8110 Walton Advanced Engineering
24.3xn/aNT$6.1b
6477 ANJI Technology
43.1xn/aNT$5.6b
2342 Mosel Vitelic
11.8xn/aNT$5.7b
3265 Winstek Semiconductor
6.8xn/aNT$5.4b
3450 Elite Advanced Laser
19.5xn/aNT$6.0b

Price-To-Earnings vs Peers: 3450 is good value based on its Price-To-Earnings Ratio (19.5x) compared to the peer average (21.5x).


Price to Earnings Ratio vs Industry

How does 3450's PE Ratio compare vs other companies in the TW Semiconductor Industry?

Price-To-Earnings vs Industry: 3450 is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the TW Semiconductor industry average (11.5x)


Price to Earnings Ratio vs Fair Ratio

What is 3450'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.

3450 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3450's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 3450 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3450 (NT$41.2) is trading above our estimate of fair value (NT$27.36)

Significantly Below Fair Value: 3450 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: Insufficient data to show price forecast.


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Future Growth

How is Elite Advanced Laser forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.1%

Forecasted Semiconductors industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Elite Advanced Laser has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Elite Advanced Laser performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-26.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3450 has high quality earnings.

Growing Profit Margin: 3450's current net profit margins (4.3%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: 3450's earnings have declined by 26.5% per year over the past 5 years.

Accelerating Growth: 3450's earnings growth over the past year (5.2%) exceeds its 5-year average (-26.5% per year).

Earnings vs Industry: 3450 earnings growth over the past year (5.2%) underperformed the Semiconductor industry 50.5%.


Return on Equity

High ROE: 3450's Return on Equity (13.5%) is considered low.


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Financial Health

How is Elite Advanced Laser's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 3450's short term assets (NT$4.8B) exceed its short term liabilities (NT$3.3B).

Long Term Liabilities: 3450's short term assets (NT$4.8B) exceed its long term liabilities (NT$1.2B).


Debt to Equity History and Analysis

Debt Level: 3450 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 3450's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 3450's debt is well covered by operating cash flow (301%).

Interest Coverage: 3450 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Elite Advanced Laser current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.37%

Current Dividend Yield

Dividend Yield vs Market

Elite Advanced Laser Dividend Yield vs Market
How does Elite Advanced Laser dividend yield compare to the market?
SegmentDividend Yield
Company (Elite Advanced Laser)4.4%
Market Bottom 25% (TW)2.5%
Market Top 25% (TW)7.0%
Industry Average (Semiconductor)4.1%
Analyst forecast in 3 Years (Elite Advanced Laser)n/a

Notable Dividend: 3450's dividend (4.37%) is higher than the bottom 25% of dividend payers in the TW market (2.54%).

High Dividend: 3450's dividend (4.37%) is low compared to the top 25% of dividend payers in the TW market (6.96%).


Stability and Growth of Payments

Stable Dividend: 3450's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3450's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (85.1%), 3450's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 3450 is paying a dividend but the company has no free cash flows.


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Management

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


CEO

Wen Xing Huang

no data

Tenure

Wen Xing Huang serves as President of Elite Advanced Laser Corporation. Wen Xing Huang served as Vice President of Foreshot Industrial Corporation. Wen Xing Huang served as Department head of Lite-on Elect...


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

What is the ownership structure of 3450?
Owner TypeNumber of SharesOwnership Percentage
Institutions11,165,4277.7%
General Public134,515,95592.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 6 shareholders own 7.66% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
3.39%
The Vanguard Group, Inc.
4,943,077NT$203.7m0%no data
2.27%
Norges Bank Investment Management
3,308,999NT$136.3m0%no data
1.41%
Dimensional Fund Advisors LP
2,050,019NT$84.5m0.13%no data
0.47%
BNY Mellon Asset Management
685,060NT$28.2m2.42%no data
0.073%
State Street Global Advisors, Inc.
106,272NT$4.4m0.95%no data
0.049%
American Century Investment Management Inc
72,000NT$3.0m0%no data

Company Information

Elite Advanced Laser Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Elite Advanced Laser Corporation
  • Ticker: 3450
  • Exchange: TWSE
  • Founded: 2000
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: NT$6.002b
  • Shares outstanding: 145.68m
  • Website: https://www.elaser.com.tw

Location

  • Elite Advanced Laser Corporation
  • No. 35, Chiau An Street
  • 10th Floor
  • New Taipei City
  • 235
  • Taiwan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3450TWSE (Taiwan Stock Exchange)YesCommon StockTWTWDApr 2005

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 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.