Elite Material Future Growth

Future criteria checks 3/6

Elite Material is forecast to grow earnings and revenue by 17% and 14.3% per annum respectively. EPS is expected to grow by 16.7% per annum. Return on equity is forecast to be 29.1% in 3 years.

Key information

17.0%

Earnings growth rate

16.7%

EPS growth rate

Electronic earnings growth	22.5%
Revenue growth rate	14.3%
Future return on equity	29.1%
Analyst coverage	Good
Last updated	03 May 2024

Recent future growth updates

Recent updates

Investors Appear Satisfied With Elite Material Co., Ltd.'s (TWSE:2383) Prospects As Shares Rocket 26%

Feb 26

Elite Material Co., Ltd. (TPE:2383) Shares Could Be 23% Below Their Intrinsic Value Estimate

Apr 28

Here's Why We Think Elite Material (TPE:2383) Is Well Worth Watching

Apr 04

Is Elite Material Co., Ltd. (TPE:2383) A Smart Pick For Income Investors?

Mar 23

Elite Material Co., Ltd.'s (TPE:2383) Stock Has Shown A Decent Performance: Have Financials A Role To Play?

Mar 11

Why Elite Material Co., Ltd. (TPE:2383) Could Be Worth Watching

Feb 27

A Look Into Elite Material's (TPE:2383) Impressive Returns On Capital

Feb 14

Elite Material (TPE:2383) Seems To Use Debt Rather Sparingly

Feb 01

Are Investors Undervaluing Elite Material Co., Ltd. (TPE:2383) By 32%?

Jan 19

Shareholders Of Elite Material (TPE:2383) Must Be Happy With Their 266% Total Return

Jan 06

Does Elite Material (TPE:2383) Deserve A Spot On Your Watchlist?

Dec 24

Has Elite Material Co., Ltd.'s (TPE:2383) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Dec 09

Is It Time To Consider Buying Elite Material Co., Ltd. (TPE:2383)?

Nov 26

Earnings and Revenue Growth Forecasts

TWSE:2383 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	71,015	11,503	8,817	13,022	6
12/31/2025	62,787	10,187	8,533	12,079	11
12/31/2024	57,385	9,238	4,515	11,321	13
3/31/2024	46,840	6,987	-1,091	2,596	N/A
12/31/2023	41,296	5,488	-408	2,890	N/A
9/30/2023	37,302	4,861	2,093	5,696	N/A
6/30/2023	35,310	4,146	2,951	6,666	N/A
3/31/2023	36,113	4,229	1,971	7,795	N/A
12/31/2022	38,673	5,073	954	7,498	N/A
9/30/2022	39,946	5,204	-1,966	5,897	N/A
6/30/2022	40,840	5,687	-656	5,126	N/A
3/31/2022	40,415	5,854	909	4,611	N/A
12/31/2021	38,500	5,493	1,507	4,022	N/A
9/30/2021	35,855	4,979	3,406	3,803	N/A
6/30/2021	32,553	4,310	2,425	4,419	N/A
3/31/2021	29,296	3,920	2,129	3,481	N/A
12/31/2020	27,201	3,689	2,274	3,517	N/A
9/30/2020	26,464	3,849	1,903	3,057	N/A
6/30/2020	25,965	3,686	1,493	2,878	N/A
3/31/2020	25,703	3,498	2,074	3,399	N/A
12/31/2019	24,866	3,241	1,329	2,466	N/A
9/30/2019	23,489	2,531	944	1,949	N/A
6/30/2019	22,973	2,223	1,008	1,817	N/A
3/31/2019	22,650	1,951	810	1,634	N/A
12/31/2018	22,891	1,751	1,334	2,087	N/A
9/30/2018	23,208	1,892	1,868	2,604	N/A
6/30/2018	22,890	2,012	2,257	2,878	N/A
3/31/2018	23,156	2,346	2,164	2,816	N/A
12/31/2017	23,610	2,791	N/A	3,060	N/A
9/30/2017	23,767	3,017	N/A	3,205	N/A
6/30/2017	23,729	3,071	N/A	3,084	N/A
3/31/2017	23,015	2,934	N/A	2,912	N/A
12/31/2016	22,070	2,770	N/A	2,601	N/A
9/30/2016	21,218	2,574	N/A	2,615	N/A
6/30/2016	21,123	2,520	N/A	2,984	N/A
3/31/2016	20,728	2,403	N/A	3,546	N/A
12/31/2015	20,870	2,389	N/A	3,575	N/A
9/30/2015	21,085	2,329	N/A	2,839	N/A
6/30/2015	20,172	2,015	N/A	2,657	N/A
3/31/2015	19,658	1,833	N/A	1,887	N/A
12/31/2014	18,885	1,539	N/A	1,976	N/A
9/30/2014	17,750	1,185	N/A	2,236	N/A
6/30/2014	17,161	1,000	N/A	1,641	N/A
3/31/2014	16,922	896	N/A	1,641	N/A
12/31/2013	16,873	836	N/A	1,247	N/A
9/30/2013	16,857	891	N/A	1,001	N/A
6/30/2013	16,723	969	N/A	1,072	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2383's forecast earnings growth (17% per year) is above the savings rate (1%).

Earnings vs Market: 2383's earnings (17% per year) are forecast to grow slower than the TW market (19.7% per year).

High Growth Earnings: 2383's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2383's revenue (14.3% per year) is forecast to grow faster than the TW market (10.6% per year).

High Growth Revenue: 2383's revenue (14.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2383's Return on Equity is forecast to be high in 3 years time (29.1%)

Elite Material Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 8.0% to NT$562

Consensus EPS estimates increase by 13%

Price target increased by 7.1% to NT$239

Price target increased by 8.2% to NT$223

Consensus EPS estimates fall by 20%

Price target decreased by 14% to NT$199

Recent updates

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Do Elite Material's (TWSE:2383) Earnings Warrant Your Attention?

Elite Material Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024

Are Investors Undervaluing Elite Material Co., Ltd. (TWSE:2383) By 28%?

At NT$421, Is Elite Material Co., Ltd. (TWSE:2383) Worth Looking At Closely?

Investor sentiment deteriorates as stock falls 21%

Price target increased by 8.0% to NT$562

Now 22% undervalued

Full year 2023 earnings: EPS misses analyst expectations

Elite Material Co., Ltd., Annual General Meeting, May 29, 2024

Investors Appear Satisfied With Elite Material Co., Ltd.'s (TWSE:2383) Prospects As Shares Rocket 26%

Investor sentiment improves as stock rises 16%

Elite Material Co., Ltd. Announces Change of the Company's President

New minor risk - Shareholder dilution

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued after recent price drop

Upcoming dividend of NT$8.41 per share at 2.3% yield

New major risk - Share price stability

Consensus EPS estimates increase by 13%

Elite Material Co., Ltd. Announces Dividend, Payable on September 22, 2023

Second quarter 2023 earnings released: EPS: NT$3.00 (vs NT$3.25 in 2Q 2022)

Investor sentiment improves as stock rises 17%

Price target increased by 7.1% to NT$239

Investor sentiment improves as stock rises 16%

Price target increased by 8.2% to NT$223

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 20%

Price target decreased by 14% to NT$199

Full year 2022 earnings: EPS exceeds analyst expectations

Price target increased by 7.6% to NT$228

Less than half of directors are independent

Investor sentiment improved over the past week

Third quarter 2022 earnings: EPS misses analyst expectations

Grand Zhuhai Incorporated Announces Dividend Distribution

Elite Material Co., Ltd. Announces Executive Changes

Upcoming dividend of NT$10.00 per share

Second quarter 2022 earnings: EPS misses analyst expectations

Price target decreased to NT$240

Price target decreased to NT$266

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Elite Material Co., Ltd. Announces Executive Changes, Effective May 26, 2022

Now 22% undervalued after recent price drop

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Elite Material Co., Ltd Proposes Cash Dividend for the Year 2021

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

Price target increased to NT$300

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS NT$5.38 (vs NT$3.40 in 3Q 2020)

Upcoming dividend of NT$7.00 per share

Second quarter 2021 earnings released: EPS NT$3.75 (vs NT$2.69 in 2Q 2020)

Price target increased to NT$236

Price target increased to NT$219

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS NT$2.89 (vs NT$2.29 in 1Q 2020)

Elite Material Co., Ltd. (TPE:2383) Shares Could Be 23% Below Their Intrinsic Value Estimate

Here's Why We Think Elite Material (TPE:2383) Is Well Worth Watching

Is Elite Material Co., Ltd. (TPE:2383) A Smart Pick For Income Investors?

Elite Material Co., Ltd.'s (TPE:2383) Stock Has Shown A Decent Performance: Have Financials A Role To Play?

Why Elite Material Co., Ltd. (TPE:2383) Could Be Worth Watching

Revenue beats expectations, earnings disappoint

Elite Material Co., Ltd., Annual General Meeting, May 28, 2021

Full year 2020 earnings released: EPS NT$11.33 (vs NT$10.14 in FY 2019)

New 90-day high: NT$169

A Look Into Elite Material's (TPE:2383) Impressive Returns On Capital

Elite Material (TPE:2383) Seems To Use Debt Rather Sparingly