AP Memory Technology Future Growth

Future criteria checks 5/6

AP Memory Technology is forecast to grow earnings and revenue by 23.9% and 30.1% per annum respectively. EPS is expected to grow by 23.8% per annum. Return on equity is forecast to be 19.8% in 3 years.

Key information

23.9%

Earnings growth rate

23.8%

EPS growth rate

Semiconductor earnings growth	20.5%
Revenue growth rate	30.1%
Future return on equity	19.8%
Analyst coverage	Low
Last updated	05 Dec 2024

Recent future growth updates

Recent updates

Impressive Earnings May Not Tell The Whole Story For AP Memory Technology (TWSE:6531)

Nov 07

AP Memory Technology (TWSE:6531) Is Experiencing Growth In Returns On Capital

Sep 15

AP Memory Technology Corporation (TWSE:6531) Shares May Have Slumped 30% But Getting In Cheap Is Still Unlikely

Aug 05

Here's Why AP Memory Technology (TWSE:6531) Can Manage Its Debt Responsibly

Jul 12

AP Memory Technology's (TWSE:6531) Dividend Will Be Increased To NT$7.00

May 29

AP Memory Technology Corporation's (TWSE:6531) Price Is Out Of Tune With Earnings

May 09

AP Memory Technology's (TWSE:6531) Soft Earnings Don't Show The Whole Picture

Mar 27

AP Memory Technology's (TWSE:6531) Returns On Capital Not Reflecting Well On The Business

Feb 29

Returns On Capital Signal Tricky Times Ahead For AP Memory Technology (TPE:6531)

Mar 31

Does AP Memory Technology (TPE:6531) Have A Healthy Balance Sheet?

Mar 03

AP Memory Technology Corporation's (TPE:6531) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Feb 03

We Think AP Memory Technology's (TPE:6531) Statutory Profit Might Understate Its Earnings Potential

Jan 11

Shareholders Are Raving About How The AP Memory Technology (TPE:6531) Share Price Increased 376%

Dec 22

What Do The Returns On Capital At AP Memory Technology (TPE:6531) Tell Us?

Nov 30

Earnings and Revenue Growth Forecasts

TWSE:6531 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	7,968	N/A	N/A	N/A	1
12/31/2025	5,714	1,956	1,903	1,943	2
12/31/2024	4,225	1,585	2,148	2,174	2
9/30/2024	4,130	1,446	1,320	1,361	N/A
6/30/2024	4,095	1,639	2,425	2,440	N/A
3/31/2024	4,248	1,751	2,347	2,373	N/A
12/31/2023	4,227	1,445	2,021	2,043	N/A
9/30/2023	3,889	1,139	2,197	2,239	N/A
6/30/2023	3,836	1,308	1,743	1,788	N/A
3/31/2023	4,277	1,447	1,644	1,679	N/A
12/31/2022	5,095	1,942	1,529	1,575	N/A
9/30/2022	6,007	2,420	1,101	1,128	N/A
6/30/2022	6,840	2,398	1,745	1,791	N/A
3/31/2022	6,935	2,232	2,161	2,263	N/A
12/31/2021	6,617	2,025	2,316	2,411	N/A
9/30/2021	5,892	2,049	1,929	2,060	N/A
6/30/2021	4,701	1,494	404	513	N/A
3/31/2021	3,879	1,108	-38	15	N/A
12/31/2020	3,549	806	-231	-182	N/A
9/30/2020	3,557	295	249	256	N/A
6/30/2020	3,685	211	385	391	N/A
3/31/2020	3,647	193	544	558	N/A
12/31/2019	3,417	-323	292	307	N/A
9/30/2019	3,537	-458	-537	-514	N/A
6/30/2019	3,774	-431	-335	-296	N/A
3/31/2019	4,216	-389	-693	-653	N/A
12/31/2018	4,724	115	-810	-763	N/A
9/30/2018	4,579	251	-285	-241	N/A
6/30/2018	4,311	255	N/A	-326	N/A
3/31/2018	4,228	264	N/A	239	N/A
12/31/2017	4,237	251	N/A	456	N/A
9/30/2017	4,500	407	N/A	1,228	N/A
6/30/2017	4,203	344	N/A	655	N/A
3/31/2017	3,624	302	N/A	-14	N/A
12/31/2016	3,162	405	N/A	399	N/A
9/30/2016	2,778	366	N/A	-143	N/A
6/30/2016	2,732	523	N/A	509	N/A
3/31/2016	2,609	496	N/A	681	N/A
12/31/2015	2,603	466	N/A	123	N/A
9/30/2015	2,395	492	N/A	271	N/A
6/30/2015	2,476	526	N/A	342	N/A
3/31/2015	2,597	602	N/A	410	N/A
12/31/2014	2,432	614	N/A	522	N/A
12/31/2013	2,667	579	N/A	345	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6531's forecast earnings growth (23.9% per year) is above the savings rate (1.1%).

Earnings vs Market: 6531's earnings (23.9% per year) are forecast to grow faster than the TW market (19.2% per year).

High Growth Earnings: 6531's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6531's revenue (30.1% per year) is forecast to grow faster than the TW market (12.1% per year).

High Growth Revenue: 6531's revenue (30.1% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 6531's Return on Equity is forecast to be low in 3 years time (19.8%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 18:27
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AP Memory Technology Corporation is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Liyen Chen	Capital Securities Corporation
Jinyuan Lu	Jih Sun Securities Investment Consulting Co., Ltd.
Wei Lun Yang	J.P. Morgan

AP Memory Technology Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus revenue estimates decrease by 17%, EPS upgraded

Consensus EPS estimates fall by 10%

Consensus revenue estimates increase by 23%

Price target decreased by 9.1% to NT$300

Consensus forecasts updated

Consensus revenue estimates fall by 16%

Recent updates

Impressive Earnings May Not Tell The Whole Story For AP Memory Technology (TWSE:6531)

Third quarter 2024 earnings released: EPS: NT$2.08 (vs NT$3.27 in 3Q 2023)

Less than half of directors are independent

AP Memory Technology Corporation to Report Q3, 2024 Results on Oct 30, 2024

AP Memory Technology Corporation Announces the Reassign the Juridical Person Director Representative

AP Memory Technology (TWSE:6531) Is Experiencing Growth In Returns On Capital

Second quarter 2024 earnings released: EPS: NT$2.28 (vs NT$2.98 in 2Q 2023)

Investor sentiment deteriorates as stock falls 18%

New minor risk - Share price stability

AP Memory Technology Corporation (TWSE:6531) Shares May Have Slumped 30% But Getting In Cheap Is Still Unlikely

AP Memory Technology Corporation to Report Q2, 2024 Results on Jul 31, 2024

Here's Why AP Memory Technology (TWSE:6531) Can Manage Its Debt Responsibly

AP Memory Technology's (TWSE:6531) Dividend Will Be Increased To NT$7.00

Dividend increased to NT$7.00

First quarter 2024 earnings released: EPS: NT$2.27 (vs NT$0.39 in 1Q 2023)

AP Memory Technology Corporation's (TWSE:6531) Price Is Out Of Tune With Earnings

Consensus revenue estimates decrease by 17%, EPS upgraded

AP Memory Technology Corporation to Report Q1, 2024 Results on May 03, 2024

AP Memory Technology's (TWSE:6531) Soft Earnings Don't Show The Whole Picture

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

AP Memory Technology Corporation Announces New Generation Stack Silicon Capacitor (S-Sicap) Gen3 Passed Customer Validation

AP Memory Technology Corporation, Annual General Meeting, May 27, 2024

AP Memory Technology's (TWSE:6531) Returns On Capital Not Reflecting Well On The Business

Consensus EPS estimates fall by 10%

Investor sentiment improves as stock rises 18%

Third quarter 2023 earnings released: EPS: NT$3.27 (vs NT$4.32 in 3Q 2022)

New major risk - Share price stability

Consensus revenue estimates increase by 23%

Second quarter 2023 earnings released: EPS: NT$2.98 (vs NT$3.85 in 2Q 2022)

First quarter 2023 earnings released: EPS: NT$0.39 (vs NT$3.53 in 1Q 2022)

Upcoming dividend of NT$7.00 per share at 2.1% yield

AP Memory Technology Corporation Announces Changes of the Company's Compensation Committee Members

Price target decreased by 9.1% to NT$300

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improves as stock rises 17%

Investor sentiment improved over the past week

High number of new directors

Consensus forecasts updated

Third quarter 2022 earnings released: EPS: NT$4.32 (vs NT$4.56 in 3Q 2021)

Investor sentiment deteriorated over the past week

AP Memory Technology Corporation Octal-SPI PSRAM validated by Renesas RZ/A3UL MPU

Second quarter 2022 earnings released: EPS: NT$3.85 (vs NT$3.08 in 2Q 2021)

Consensus revenue estimates fall by 16%

Investor sentiment deteriorated over the past week

Now 20% undervalued after recent price drop

Upcoming dividend of NT$6.00 per share

AP Memory Launches Brand-New Product Series of 512Mb Ultra-High-Speed (UHS) and 32Mb Ultra-Low-Swing (ULS) PSRAM

High number of new directors

Investor sentiment improved over the past week

Ap Memory Technology Corporation Appoints Sun, Elizabeth to the Member of Audit Committee

Now 22% undervalued after recent price drop

Price target decreased to NT$550

Less than half of directors are independent

Now 24% undervalued after recent price drop

Now 26% undervalued after recent price drop

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

AP Memory Technology Corporation Announces the Change of Acting Spokesperson

AP Memory Technology Corporation Approves Dividend

Third quarter 2021 earnings released: EPS NT$4.56 (vs NT$0.82 in 3Q 2020)

Price target increased to NT$660

Investor sentiment improved over the past week

AP Memory Demonstrates Very High-Bandwidth Memory

Upcoming dividend of NT$5.00 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS NT$4.73 (vs NT$0.49 in 1Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week