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2354

Foxconn TechnologyTWSE:2354 Stock Report

Market Cap

NT$92.1b

7D

-2.4%

1Y

25.0%

Updated

28 Nov, 2021

Data

Company Financials +
2354 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends4/6

2354 Stock Overview

Foxconn Technology Co., Ltd. produces and sells metal casings, parts, and components.

Foxconn Technology Competitors

3M

NYSE:MMM

US$101.1b

Eaton

NYSE:ETN

US$66.8b

Nidec

TSE:6594

JP¥7.5t

TE Connectivity

NYSE:TEL

US$50.9b

Price History & Performance

Summary of all time highs, changes and price drops for Foxconn Technology
Historical stock prices
Current Share PriceNT$65.10
52 Week HighNT$79.60
52 Week LowNT$51.40
Beta0.69
1 Month Change-5.38%
3 Month Change-1.66%
1 Year Change24.95%
3 Year Change4.66%
5 Year Change-21.38%
Change since IPO566.50%

Recent News & Updates

Shareholder Returns

2354TW ElectronicTW Market
7D-2.4%-1.4%-2.4%
1Y25.0%22.0%25.9%

Return vs Industry: 2354 exceeded the TW Electronic industry which returned 22% over the past year.

Return vs Market: 2354 matched the TW Market which returned 25.9% over the past year.

Price Volatility

Is 2354's price volatile compared to industry and market?
2354 volatility
2354 Average Weekly Movement3.8%
Electronic Industry Average Movement5.4%
Market Average Movement4.6%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.0%

Stable Share Price: 2354 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 2354's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1979n/aHan-Ming Leehttps://www.foxconntech.com.tw

Foxconn Technology Co., Ltd. produces and sells metal casings, parts, and components. It offers hand-held device casings and related components of devices, including feature phones, smart phones, laptops, tablet computers, consumer electronics, and digital cameras. The company also produces and sells metal parts and related machine components for automobiles and electric vehicles; thermal modules for system products, such as desktop computers, laptops, tablet computers, servers, smart phones, and game consoles; MIM related products; and consumer electronics components, as well as assembles and sells consumer electronics.

Foxconn Technology Fundamentals Summary

How do Foxconn Technology's earnings and revenue compare to its market cap?
2354 fundamental statistics
Market CapNT$92.08b
Earnings (TTM)NT$4.73b
Revenue (TTM)NT$110.60b

19.5x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2354 income statement (TTM)
RevenueNT$110.60b
Cost of RevenueNT$103.50b
Gross ProfitNT$7.10b
ExpensesNT$2.37b
EarningsNT$4.73b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.35
Gross Margin6.42%
Net Profit Margin4.28%
Debt/Equity Ratio18.4%

How did 2354 perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

54%

Payout Ratio

Valuation

Is Foxconn Technology undervalued compared to its fair value and its price relative to the market?

19.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2354 (NT$65.1) is trading above our estimate of fair value (NT$42.1)

Significantly Below Fair Value: 2354 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2354 is poor value based on its PE Ratio (19.5x) compared to the TW Electronic industry average (16.4x).

PE vs Market: 2354 is poor value based on its PE Ratio (19.5x) compared to the TW market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: 2354 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 2354 is good value based on its PB Ratio (0.8x) compared to the TW Electronic industry average (1.7x).


Future Growth

How is Foxconn Technology forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

21.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2354's forecast earnings growth (21.3% per year) is above the savings rate (0.8%).

Earnings vs Market: 2354's earnings (21.3% per year) are forecast to grow faster than the TW market (9.4% per year).

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

Revenue vs Market: 2354's revenue (6.6% per year) is forecast to grow slower than the TW market (9.8% per year).

High Growth Revenue: 2354's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2354's Return on Equity is forecast to be low in 3 years time (7%).


Past Performance

How has Foxconn Technology performed over the past 5 years?

-14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2354 has high quality earnings.

Growing Profit Margin: 2354's current net profit margins (4.3%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: 2354's earnings have declined by 14.9% per year over the past 5 years.

Accelerating Growth: 2354's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2354 had negative earnings growth (-12.9%) over the past year, making it difficult to compare to the Electronic industry average (34.2%).


Return on Equity

High ROE: 2354's Return on Equity (4.2%) is considered low.


Financial Health

How is Foxconn Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 2354's short term assets (NT$128.6B) exceed its short term liabilities (NT$71.3B).

Long Term Liabilities: 2354's short term assets (NT$128.6B) exceed its long term liabilities (NT$1.0B).


Debt to Equity History and Analysis

Debt Level: 2354 has more cash than its total debt.

Reducing Debt: 2354's debt to equity ratio has increased from 7.5% to 18.4% over the past 5 years.

Debt Coverage: 2354's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2354 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Foxconn Technology current dividend yield, its reliability and sustainability?

2.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2354's dividend (2.76%) is higher than the bottom 25% of dividend payers in the TW market (1.86%).

High Dividend: 2354's dividend (2.76%) is low compared to the top 25% of dividend payers in the TW market (5.16%).


Stability and Growth of Payments

Stable Dividend: 2354's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2354's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (53.8%), 2354's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2354's dividends in 3 years are forecast to be well covered by earnings (48.3% payout ratio).


Next Steps

Management

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

6.6yrs

Average management tenure


CEO

Han-Ming Lee

12.75yrs

Tenure

NT$10,810,000

Compensation

Mr. Han-Ming Lee serves as President and General Manager of Foxconn Technology Company Limited since February 1, 2009 and served as its Chairman. He served as an Assistant Vice President of Hon Hai Precisi...


CEO Compensation Analysis

Compensation vs Market: Han-Ming's total compensation ($USD387.57K) is about average for companies of similar size in the TW market ($USD394.40K).

Compensation vs Earnings: Han-Ming's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: 2354's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: 2354's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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

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


Top Shareholders

Company Information

Foxconn Technology Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Foxconn Technology Co., Ltd.
  • Ticker: 2354
  • Exchange: TWSE
  • Founded: 1979
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: NT$92.083b
  • Shares outstanding: 1.41b
  • Website: https://www.foxconntech.com.tw

Location

  • Foxconn Technology Co., Ltd.
  • No. 66-1, Zhongshan Road
  • Tucheng District
  • New Taipei City
  • 236
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 08:31
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.