Announcement • 5h
Hon Hai Precision Industry Co., Ltd. Approves Cash Dividend for 2025 Hon Hai Precision Industry Co., Ltd. announced that at the AGM held on May 29, 2026, approved ratification the proposal for distribution of 2025 earnings. (Dividends TWD 7.2 cash dividend). Valuation Update With 7 Day Price Move • 9h
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$289, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 198% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$123 per share. Reported Earnings • May 16
First quarter 2026 earnings: EPS in line with expectations, revenues disappoint First quarter 2026 results: EPS: NT$3.00. Revenue: NT$2.12t (up 29% from 1Q 2025). Net income: NT$49.9b (up 19% from 1Q 2025). Profit margin: 2.4% (down from 2.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$254, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 170% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$147 per share. Announcement • May 05
Hon Hai Precision Industry Co., Ltd. to Report Q1, 2026 Results on May 14, 2026 Hon Hai Precision Industry Co., Ltd. announced that they will report Q1, 2026 results on May 14, 2026 Announcement • Apr 02
Hon Hai Technology Group (Foxconn) Announces CEO Changes, Effective April 1, 2026 Hon Hai Technology Group (Foxconn) has named Michael Chiang its rotating Chief Executive Officer, assuming a key role that strengthens the bench for next generation leadership and raises global competitiveness at the world's largest electronics manufacturer and leading technology solutions provider. Chiang, who concurrently will continue to lead the Group's business operation related to smart consumer electronics, takes the baton from Kathy Yang for a one-year term from April 1, 2026. Chiang joined Foxconn in 1999. He was assigned to California in the early 2000s to oversee the Group's personal computer business and, since then, has taken on greater responsibilities in ICT operations and key customer accounts. Chiang holds a Master's degree from Claremont Graduate University in the US, specializing in human resource development and organizational strategy management. Outgoing rotating CEO Yang focused on operational rhythm and governance advancement, driving cross-unit collaboration and effective execution of key initiatives. Yang was honored in Fortune's "100 Most Powerful Women Asia 2025" and, in 2026, Manufacturing Digital's "Top 10: Women in Manufacturing". Buy Or Sell Opportunity • Apr 01
Now 25% overvalued Over the last 90 days, the stock has fallen 15% to NT$197. The fair value is estimated to be NT$157, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • Mar 16
Hon Hai Precision Industry Co., Ltd. Announces Annual Dividend for the Period Ended December 31, 2025 Hon Hai Precision Industry Co., Ltd. announced that at the board meeting held on March 16, 2026, Appropriations of earnings in annual cash dividends to shareholders of TWD 7.2 per share for the period ended December 31, 2025. Total amount of cash distributed to shareholders of TWD 100,931,672,888. Announcement • Mar 06
Hon Hai Precision Industry Co., Ltd. to Report Fiscal Year 2025 Results on Mar 16, 2026 Hon Hai Precision Industry Co., Ltd. announced that they will report fiscal year 2025 results on Mar 16, 2026 Announcement • Feb 06
Hon Hai Precision Industry Co., Ltd., Annual General Meeting, May 29, 2026 Hon Hai Precision Industry Co., Ltd., Annual General Meeting, May 29, 2026. Location: no 2, ziyou st, tucheng dist, new taipei city, Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: NT$4.15 (up from NT$3.55 in 3Q 2024). Revenue: NT$2.06t (up 11% from 3Q 2024). Net income: NT$57.7b (up 17% from 3Q 2024). Profit margin: 2.8% (up from 2.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 13
Price target increased by 7.8% to NT$287 Up from NT$266, the current price target is an average from 18 analysts. New target price is 14% above last closing price of NT$252. Stock is up 19% over the past year. The company is forecast to post earnings per share of NT$14.45 for next year compared to NT$11.01 last year. Announcement • Nov 04
Hon Hai Precision Industry Co., Ltd. to Report Q3, 2025 Results on Nov 12, 2025 Hon Hai Precision Industry Co., Ltd. announced that they will report Q3, 2025 results at 9:00 AM, Taipei Standard Time on Nov 12, 2025 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$239, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 157% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$98.75 per share. Price Target Changed • Oct 16
Price target increased by 8.0% to NT$263 Up from NT$244, the current price target is an average from 18 analysts. New target price is 18% above last closing price of NT$223. Stock is up 7.0% over the past year. The company is forecast to post earnings per share of NT$13.83 for next year compared to NT$11.01 last year. Price Target Changed • Aug 15
Price target increased by 8.3% to NT$226 Up from NT$209, the current price target is an average from 17 analysts. New target price is 9.4% above last closing price of NT$207. Stock is up 12% over the past year. The company is forecast to post earnings per share of NT$13.87 for next year compared to NT$11.01 last year. Reported Earnings • Aug 15
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: NT$3.19 (up from NT$2.53 in 2Q 2024). Revenue: NT$1.79t (up 16% from 2Q 2024). Net income: NT$44.4b (up 27% from 2Q 2024). Profit margin: 2.5% (up from 2.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 14
Hon Hai Precision Industry Co., Ltd. announced that it expects to receive $1.2 billion in funding Hon Hai Precision Industry Co., Ltd. announced a private placement to issue 2025 First Unsecured Overseas Zero Coupon Convertible Bonds for gross proceeds of $1,200,000,000 on August 14, 2025. The transaction has bene approved by shareholders of company and Tentatively set at no more than 5 years from the Issue Date. Upcoming Dividend • Jun 25
Upcoming dividend of NT$5.80 per share Eligible shareholders must have bought the stock before 02 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.2%). Declared Dividend • Jun 07
Dividend increased to NT$5.80 Dividend of NT$5.80 is 7.4% higher than last year. Ex-date: 2nd July 2025 Payment date: 31st July 2025 Dividend yield will be 3.8%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jun 02
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Tsing-Yuan Hwang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • May 23
Foxconn Reportedly Among Potential Bidders for UTAC in $3 Billion Deal Taiwan's Hon Hai Precision Industry Co., Ltd. (TWSE:2317) known as Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings Ltd. in a deal that could value the company at about $3 billion (MYR 12.71 billion), two people with knowledge of the matter said. UTAC's owner, Beijing-based private equity firm Wise Road Capital Ltd., has hired Jefferies to run a sale process, and is expecting to field non-binding bids by end of this month, the sources said. Both the sources declined to be named as the information was confidential. Hon Hai, commonly known as Foxconn, and Jefferies declined to comment, while UTAC and Wise Road did not immediately respond to a request for comment. The sources said that UTAC is likely to attract interest from financial and strategic bidders that are not from the US due to its China presence. Reported Earnings • May 16
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: NT$3.03 (up from NT$1.59 in 1Q 2024). Revenue: NT$1.64t (up 24% from 1Q 2024). Net income: NT$42.1b (up 91% from 1Q 2024). Profit margin: 2.6% (up from 1.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 06
Hon Hai Precision Industry Co., Ltd. to Report Q1, 2025 Results on May 14, 2025 Hon Hai Precision Industry Co., Ltd. announced that they will report Q1, 2025 results on May 14, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$125, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$86.22 per share. Reported Earnings • Mar 19
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: NT$11.01 (up from NT$10.25 in FY 2023). Revenue: NT$6.86t (up 11% from FY 2023). Net income: NT$152.7b (up 7.5% from FY 2023). Profit margin: 2.2% (down from 2.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.5%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic 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 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 15
Hon Hai Precision Industry Co., Ltd. Announces Cash Dividend for the Period from January 01, 2024 ~ December 31, 2024 Hon Hai Precision Industry Co., Ltd. announced cash dividends for the period from January 01, 2024 ~ December 31, 2024 of TWD 5.8 per share or TWD 80,571,871,305. Par value of common stock of TWD 10 per share. Announcement • Mar 06
Hon Hai Precision Industry Co., Ltd. to Report Fiscal Year 2024 Results on Mar 14, 2025 Hon Hai Precision Industry Co., Ltd. announced that they will report fiscal year 2024 results on Mar 14, 2025 Announcement • Feb 13
Hon Hai Chairman Denies Intention to Acquire Nissan Hon Hai Precision Industry Co., Ltd. (TWSE:2317) plans to collaborate with Nissan Motor Co., Ltd. (TSE:7201) rather than acquire the Japanese automaker, Chairman Young Liu said on 12 February 2025. Nissan and Honda Motor Co. are among several companies Hon Hai has contacted about possible collaboration, Liu told reporters at the Taiwanese company's headquarters in New Taipei City, according to Taiwanese broadcaster TVBS. The comments by Liu come as the two Japanese automakers are expected to terminate their merger talks. Liu said his company would not produce Hon Hai brand cars but provide contract services for vehicle design and manufacturing. He said that Hon Hai has held talks with French automaker Renault SA (ENXTPA:RNO) to buy its stake in Nissan, adding that the talks have focused on collaboration rather than acquiring Nissan shares. Announcement • Jan 23
Hon Hai Precision Industry Co., Ltd., Annual General Meeting, May 29, 2025 Hon Hai Precision Industry Co., Ltd., Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: no,2, tzu you st., tucheng district, new taipei city Taiwan Announcement • Dec 23
Foxconn Interest in Nissan Said on Hold Amid Honda Merger Talks Hon Hai Precision Industry Co., Ltd. (TWSE:2317) the Taiwan-based manufacturer of iPhones known as Foxconn, is putting its interest in pursuing Nissan Motor Co., Ltd. (TSE:7201) on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor Co., Ltd. (TSE:7267), according to a person familiar with the matter. The decision to pause comes after Foxconn sent a delegation to meet with Renault SA (ENXTPA:RNO) — which owns 36% of Nissan and will have a say in any tie-up — in France, people with knowledge of the matter said. Announcement • Dec 18
Foxconn Reportedly Approaches Nissan to Take Controlling Stake as Honda Eyes Merger Hon Hai Precision Industry Co., Ltd. (TWSE:2317) known as Foxconn, has approached Nissan Motor Co., Ltd. (TSE:7201) to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars — not just the Japanese firm’s plants and equipment, the person said, asking not to be identified because the proposal isn’t public. It’s not clear whether Nissan has engaged in substantial discussions with Foxconn, or already rebuffed the Taiwanese company’s approach. A spokesperson for Nissan declined to comment. A representative for Foxconn wasn’t immediately available for comment. Reported Earnings • Nov 16
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: NT$3.55 (up from NT$3.11 in 3Q 2023). Revenue: NT$1.85t (up 20% from 3Q 2023). Net income: NT$49.3b (up 14% from 3Q 2023). Profit margin: 2.7% (down from 2.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 06
Hon Hai Precision Industry Co., Ltd. to Report Q3, 2024 Results on Nov 14, 2024 Hon Hai Precision Industry Co., Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Buy Or Sell Opportunity • Sep 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to NT$176. The fair value is estimated to be NT$221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Reported Earnings • Aug 15
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: NT$2.53 (up from NT$2.38 in 2Q 2023). Revenue: NT$1.55t (up 19% from 2Q 2023). Net income: NT$35.0b (up 6.2% from 2Q 2023). Profit margin: 2.3% (down from 2.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 15
Now 20% undervalued Over the last 90 days, the stock has risen 6.8% to NT$182. The fair value is estimated to be NT$227, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Aug 06
Hon Hai Precision Industry Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024 Hon Hai Precision Industry Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 New Risk • Aug 05
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 7.1% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Price Target Changed • Jul 13
Price target increased by 8.4% to NT$230 Up from NT$212, the current price target is an average from 18 analysts. New target price is 6.3% above last closing price of NT$216. Stock is up 97% over the past year. The company is forecast to post earnings per share of NT$11.32 for next year compared to NT$10.25 last year. Price Target Changed • Jul 05
Price target increased by 7.9% to NT$215 Up from NT$200, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of NT$215. Stock is up 103% over the past year. The company is forecast to post earnings per share of NT$11.18 for next year compared to NT$10.25 last year. Declared Dividend • Jun 07
Dividend increased to NT$5.40 Dividend of NT$5.40 is 1.9% higher than last year. Ex-date: 2nd July 2024 Payment date: 31st July 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 31
Hon Hai Precision Industry Co., Ltd. Approves Dividend or the Year Ended December 31, 2023 Hon Hai Precision Industry Co., Ltd. approved the dividend of TWD 5.4 per share for the year ended December 31, 2023. Reported Earnings • May 16
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: NT$1.59 (up from NT$0.93 in 1Q 2023). Revenue: NT$1.32t (down 9.5% from 1Q 2023). Net income: NT$22.0b (up 72% from 1Q 2023). Profit margin: 1.7% (up from 0.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 15
Price target increased by 7.3% to NT$177 Up from NT$165, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of NT$171. Stock is up 66% over the past year. The company is forecast to post earnings per share of NT$11.06 for next year compared to NT$10.25 last year. Announcement • May 08
Hon Hai Precision Industry Co., Ltd. to Report Q1, 2024 Results on May 14, 2024 Hon Hai Precision Industry Co., Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Buy Or Sell Opportunity • Apr 25
Now 22% undervalued Over the last 90 days, the stock has risen 48% to NT$152. The fair value is estimated to be NT$195, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 2.8%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 9.0% per annum over the same time period. Price Target Changed • Mar 28
Price target increased by 7.0% to NT$158 Up from NT$148, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of NT$157. Stock is up 50% over the past year. The company is forecast to post earnings per share of NT$11.41 for next year compared to NT$10.25 last year. Reported Earnings • Mar 16
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: NT$10.25 (up from NT$10.21 in FY 2022). Revenue: NT$6.16t (down 7.0% from FY 2022). Net income: NT$142.1b (flat on FY 2022). Profit margin: 2.3% (up from 2.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.9%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Price Target Changed • Mar 15
Price target increased by 12% to NT$140 Up from NT$125, the current price target is an average from 18 analysts. New target price is 6.0% above last closing price of NT$133. Stock is up 28% over the past year. The company is forecast to post earnings per share of NT$9.60 for next year compared to NT$10.21 last year. Buy Or Sell Opportunity • Mar 15
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to NT$133. The fair value is estimated to be NT$105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 4.9%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Mar 14
Hon Hai Precision Industry Co., Ltd. Announces Cash Dividends for the Year Ended December 31, 2023 Hon Hai Precision Industry Co., Ltd. announced cash dividends for the year ended December 31, 2023 of TWD 5.4 per share. Total amount of cash distributed to shareholders is TWD 74,860,149,289. Announcement • Jan 31
Hon Hai Precision Industry Co., Ltd. Announces Board Changes Hon Hai Precision Industry Co., Ltd. announced the resignation of Kuo, Tei-Wei, Independent Director of the Company, as member Remuneration Committee and Corporate Governance and Nomination Committee member and appointment of Chen, Yue-min, Independent Director of the Company, as member Remuneration Committee, Effective date of the new member is February 1, 2024. The company appointed Liu,Len-yu, Independent Director of the Company, as Corporate Governance and Nomination Committee member. Reason for the change: Independent Director Kuo,Tei-Wei resigned from his position as independent director and functional committee. The Board of Directors resolved to appoint the Remuneration Committee member. Reason for the change: Independent Director Kuo,Tei-Wei resigned from his position as independent director and functional committee. The Board of Directors resolved to appoint the Corporate Governance and Nomination Committee member, The Effective date of the new member is February 1, 2024. Reported Earnings • Nov 15
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: NT$3.11 (up from NT$2.80 in 3Q 2022). Revenue: NT$1.54t (down 12% from 3Q 2022). Net income: NT$43.1b (up 11% from 3Q 2022). Profit margin: 2.8% (up from 2.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Announcement • Nov 05
Hon Hai Precision Industry Co., Ltd. to Report Q3, 2023 Results on Nov 10, 2023 Hon Hai Precision Industry Co., Ltd. announced that they will report Q3, 2023 results on Nov 10, 2023 Reported Earnings • Aug 17
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: NT$2.38 (down from NT$2.40 in 2Q 2022). Revenue: NT$1.30t (down 14% from 2Q 2022). Net income: NT$33.0b (flat on 2Q 2022). Profit margin: 2.5% (up from 2.2% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 26%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Jun 27
Upcoming dividend of NT$5.30 per share at 4.6% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 59% and the cash payout ratio is 81%. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.2%). Announcement • Jun 01
Hon Hai Precision Industry Co., Ltd. Approves Cash Dividend for 2022 Hon Hai Precision Industry Co., Ltd. announced that Annual General Meeting held on May 31, 2023, approved ratification the proposal for distribution of 2022 earnings.(Dividends TWD 5.3 cash dividend). Major Estimate Revision • May 14
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$6.73t to NT$6.62t. EPS estimate also fell from NT$10.80 per share to NT$8.87 per share. Net income forecast to shrink 14% next year vs 14% decline forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$126. Share price fell 2.4% to NT$103 over the past week. Reported Earnings • Mar 17
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: NT$10.21 (up from NT$10.05 in FY 2021). Revenue: NT$6.63t (up 11% from FY 2021). Net income: NT$141.5b (up 1.6% from FY 2021). Profit margin: 2.1% (down from 2.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Buying Opportunity • Feb 17
Now 20% undervalued Over the last 90 days, the stock is up 2.5%. The fair value is estimated to be NT$129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Announcement • Jan 31
Hon Hai Technology Group Appoints Jun Seki as Chief Strategy Officer for Electric Vehicles Hon Hai Technology Group has named automotive veteran Mr. Jun Seki to be the Group's Chief Strategy Officer for electric vehicles. A seasoned executive with two Japanese icons, Nissan Motor Co and the world's largest electric motor maker Nidec Corp, Mr. Seki's rich management experience in the Japanese auto industry and global EV supply chains will assist the Group in integrating EV resources and development in the Americas, Asia, and the Middle East. A seasoned executive with two Japanese icons, Nissan Motor Co and the world's largest electric motor maker Nidec Corp, Mr. Seki's rich management experience in the Japanese auto industry and global EV supply chains will assist the Group in integrating EV resources and development in the Americas, Asia, and the Middle East. Mr. Seki will directly report to Hon Hai Chairman and CEO Young Liu; the appointment is effective from 1 February 2023. Mr. Seki joined Nissan Motor Co in 1986, rising through the ranks to be appointed to the No 3 role as Vice Chief Operating Officer at the French Renault-controlled Japanese auto giant in 2019. During more than three decades at Nissan, Mr. Seki has been well regarded for his manufacturing expertise and deep experience spanning the Asia-Pacific and North America. Mr. Seki was instrumental in executing turnaround efforts at Nissan and successfully led its China operations, serving as President of Dongfeng Motor Co from 2014 to 2018. From 2020 to 2022, he served as President, COO and CEO of Nidec, broadening its bellwether electric motor-making business into the EV industry. Mr. Seki graduated with a BS in Mechanical Engineering from Japan's National Defense Academy in 1984. Announcement • Jan 02
Hon Hai Precision Industry Co., Ltd., Annual General Meeting, May 31, 2023 Hon Hai Precision Industry Co., Ltd., Annual General Meeting, May 31, 2023. Reported Earnings • Nov 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: NT$2.80 (up from NT$2.67 in 3Q 2021). Revenue: NT$1.75t (up 24% from 3Q 2021). Net income: NT$38.8b (up 4.8% from 3Q 2021). Profit margin: 2.2% (down from 2.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 8.1%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic 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 only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$2.80 (vs NT$2.67 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.80 (up from NT$2.67 in 3Q 2021). Revenue: NT$1.75t (up 24% from 3Q 2021). Net income: NT$38.8b (up 4.8% from 3Q 2021). Profit margin: 2.2% (down from 2.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic 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 only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: NT$2.40 (up from NT$2.15 in 2Q 2021). Revenue: NT$1.51t (up 12% from 2Q 2021). Net income: NT$33.3b (up 12% from 2Q 2021). Profit margin: 2.2% (in line with 2Q 2021). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 3.4%, compared to a 8.6% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Jun 27
Upcoming dividend of NT$5.20 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (6.3%). In line with average of industry peers (4.6%). Reported Earnings • May 15
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: NT$2.12 (up from NT$2.03 in 1Q 2021). Revenue: NT$1.41t (up 4.5% from 1Q 2021). Net income: NT$29.5b (up 4.6% from 1Q 2021). Profit margin: 2.1% (in line with 1Q 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 3.0%, compared to a 9.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director KC Kung was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$2.67 (vs NT$2.23 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.41t (up 8.8% from 3Q 2020). Net income: NT$37.0b (up 20% from 3Q 2020). Profit margin: 2.6% (up from 2.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$2.15 (vs NT$1.65 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.35t (up 20% from 2Q 2020). Net income: NT$29.8b (up 30% from 2Q 2020). Profit margin: 2.2% (up from 2.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Upcoming Dividend • Jul 15
Upcoming dividend of NT$4.00 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 20 August 2021. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.9%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$2.03 (vs NT$0.15 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.35t (up 45% from 1Q 2020). Net income: NT$28.2b (up NT$26.1b from 1Q 2020). Profit margin: 2.1% (up from 0.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Price Target Changed • Apr 02
Price target increased to NT$138 Up from NT$127, the current price target is an average from 16 analysts. New target price is 14% above last closing price of NT$122. Stock is up 74% over the past year. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$7.34 (vs NT$8.32 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$5.36t (flat on FY 2019). Net income: NT$101.8b (down 12% from FY 2019). Profit margin: 1.9% (down from 2.2% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Price Target Changed • Feb 03
Price target raised to NT$115 Up from NT$106, the current price target is an average from 17 analysts. The new target price is close to the current share price of NT$117. As of last close, the stock is up 42% over the past year. Is New 90 Day High Low • Jan 14
New 90-day high: NT$116 The company is up 48% from its price of NT$78.60 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$123 per share. Price Target Changed • Jan 07
Price target raised to NT$104 Up from NT$96.89, the current price target is an average from 17 analysts. The new target price is close to the current share price of NT$107. As of last close, the stock is up 23% over the past year. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 16% share price gain to NT$107, the stock is trading at a trailing P/E ratio of 14.3x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 9.3%. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 15% share price gain to NT$104, the stock is trading at a trailing P/E ratio of 13.9x, up from the previous P/E ratio of 12.1x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 5.7%. 
