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Analyst Estimates: Here's What Brokers Think Of Tong Hsing Electronic Industries, Ltd. (TWSE:6271) After Its Full-Year Report
Tong Hsing Electronic Industries, Ltd. (TWSE:6271) shareholders are probably feeling a little disappointed, since its shares fell 8.0% to NT$122 in the week after its latest full-year results. Tong Hsing Electronic Industries reported in line with analyst predictions, delivering revenues of NT$12b and statutory earnings per share of NT$8.20, suggesting the business is executing well and in line with its plan. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
View our latest analysis for Tong Hsing Electronic Industries
Following the latest results, Tong Hsing Electronic Industries' six analysts are now forecasting revenues of NT$12.7b in 2025. This would be a credible 5.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 2.5% to NT$8.41. Yet prior to the latest earnings, the analysts had been anticipated revenues of NT$12.8b and earnings per share (EPS) of NT$8.54 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
There were no changes to revenue or earnings estimates or the price target of NT$137, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Tong Hsing Electronic Industries analyst has a price target of NT$153 per share, while the most pessimistic values it at NT$130. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Tong Hsing Electronic Industries'historical trends, as the 5.2% annualised revenue growth to the end of 2025 is roughly in line with the 6.5% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 14% per year. So it's pretty clear that Tong Hsing Electronic Industries is expected to grow slower than similar companies in the same industry.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Tong Hsing Electronic Industries' revenue is expected to perform worse than the wider industry. The consensus price target held steady at NT$137, with the latest estimates not enough to have an impact on their price targets.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Tong Hsing Electronic Industries going out to 2026, and you can see them free on our platform here.
You still need to take note of risks, for example - Tong Hsing Electronic Industries has 1 warning sign we think you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Tong Hsing Electronic Industries might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TWSE:6271
Tong Hsing Electronic Industries
Develops and produces thick film substrates and customized semiconductor micro-module packaging products.