AP Memory Technology Future Growth

Future criteria checks 3/6

AP Memory Technology is forecast to grow earnings and revenue by 6.4% and 30.7% per annum respectively. EPS is expected to grow by 6.5% per annum. Return on equity is forecast to be 19.6% in 3 years.

Key information

6.4%

Earnings growth rate

6.5%

EPS growth rate

Semiconductor earnings growth	18.9%
Revenue growth rate	30.7%
Future return on equity	19.6%
Analyst coverage	Low
Last updated	07 May 2024

Recent future growth updates

Recent updates

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	9,745	N/A	N/A	N/A	1
12/31/2025	6,512	1,930	1,904	1,944	2
12/31/2024	4,322	1,608	2,114	2,157	2
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	-356	-326	N/A
3/31/2018	4,228	264	217	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 (6.4% per year) is above the savings rate (1%).

Earnings vs Market: 6531's earnings (6.4% per year) are forecast to grow slower than the TW market (18.2% per year).

High Growth Earnings: 6531's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6531's revenue (30.7% per year) is forecast to grow faster than the TW market (10.7% per year).

High Growth Revenue: 6531's revenue (30.7% 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 (19.6%).

AP Memory Technology Future Growth

Future criteria checks 3/6

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

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

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

AP Memory Technology Corporation and Ambiq Partner to Enable Richer Experiences in Intelligent Endpoints

Full year 2020 earnings released: EPS NT$10.92 (vs NT$5.33 loss in FY 2019)

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

New 90-day high: NT$770

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

New 90-day high: NT$682

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

New 90-day high: NT$480

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

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

New 90-day high: NT$393