3450 Stock Overview
Elite Advanced Laser Corporation provides electronic manufacturing services in Taiwan.
Elite Advanced Laser Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$41.20|
|52 Week High||NT$60.90|
|52 Week Low||NT$38.60|
|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 IPO||152.32%|
Recent News & Updates
|3450||TW Semiconductor||TW Market|
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.
|3450 Average Weekly Movement||4.9%|
|Semiconductor Industry Average Movement||6.1%|
|Market Average Movement||5.0%|
|10% most volatile stocks in TW Market||8.2%|
|10% least volatile stocks in TW Market||2.4%|
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
|2000||n/a||Wen Xing Huang||https://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
|3450 fundamental statistics|
Is 3450 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|3450 income statement (TTM)|
|Cost of Revenue||NT$5.62b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||2.12|
|Net Profit Margin||4.35%|
How did 3450 perform over the long term?See historical performance and comparison
4.4%Current Dividend Yield
Is 3450 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is 3450's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 3450's PE Ratio compare to its peers?
|3450 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
8110 Walton Advanced Engineering
6477 ANJI Technology
2342 Mosel Vitelic
3265 Winstek Semiconductor
3450 Elite Advanced Laser
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.
|Current PE Ratio||19.5x|
|Fair PE Ratio||n/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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How is Elite Advanced Laser forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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- Examine Elite Advanced Laser's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
How has Elite Advanced Laser performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
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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How is Elite Advanced Laser's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
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.
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What is Elite Advanced Laser current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Elite Advanced Laser Dividend Yield vs Market|
|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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How experienced are the management team and are they aligned to shareholders interests?
Wen Xing Huang
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...
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Elite Advanced Laser Corporation's employee growth, exchange listings and data sources
- 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
- Elite Advanced Laser Corporation
- No. 35, Chiau An Street
- 10th Floor
- New Taipei City
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|3450||TWSE (Taiwan Stock Exchange)||Yes||Common Stock||TW||TWD||Apr 2005|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/27 00:00|
|End of Day Share Price||2022/09/27 00:00|
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.