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MediaTek

OTCPK:MDTK.F
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MDTK.F
OTCPK
NT$448B
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

MediaTek Inc. researches, develops, produces, and markets integrated circuits (ICs) worldwide. The last earnings update was 60 days ago. More info.


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MDTK.F Share Price and Events
7 Day Returns
0%
OTCPK:MDTK.F
-0%
US Semiconductor
1.4%
US Market
1 Year Returns
-
OTCPK:MDTK.F
-0.3%
US Semiconductor
5.9%
US Market
MDTK.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MediaTek (MDTK.F) 0% 0% 0% - - -
US Semiconductor -0% 3.1% 20.5% -0.3% 83.1% 106.2%
US Market 1.4% 1.1% 14.8% 5.9% 36.9% 43.6%
1 Year Return vs Industry and Market
  • No trading data on MDTK.F.
  • No trading data on MDTK.F.
Price Volatility
MDTK.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is MediaTek undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MediaTek to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MediaTek.

OTCPK:MDTK.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:MDTK.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.13 (1 + (1- 20%) (11.4%))
1.156
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.156 * 5.96%)
9.62%

Discounted Cash Flow Calculation for OTCPK:MDTK.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MediaTek is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:MDTK.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 9.62%)
2019 26,840.47 Analyst x12 24,485.01
2020 26,791.33 Analyst x12 22,295.35
2021 19,788.91 Analyst x1 15,022.84
2022 15,783.39 Est @ -20.24% 10,930.52
2023 13,676.33 Est @ -13.35% 8,640.13
2024 12,510.30 Est @ -8.53% 7,209.89
2025 11,866.13 Est @ -5.15% 6,238.49
2026 11,535.61 Est @ -2.79% 5,532.50
2027 11,405.17 Est @ -1.13% 4,989.91
2028 11,408.30 Est @ 0.03% 4,553.26
Present value of next 10 years cash flows NT$109,897.89
OTCPK:MDTK.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NT$11,408.30 × (1 + 2.73%) ÷ (9.62% – 2.73%)
NT$170,097.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$170,097.28 ÷ (1 + 9.62%)10
NT$67,888.82
OTCPK:MDTK.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$109,897.89 + NT$67,888.82
NT$177,786.71
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$177,786.71 / 1,585.88
NT$112.11
OTCPK:MDTK.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:MDTK.F represents 0.02584x of TSEC:2454
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02584x
Value per Share
(Listing Adjusted, USD)
= Value per Share (TWD) x Listing Adjustment Factor
= NT$ 112.11 x 0.02584
$2.90
Value per share (USD) From above. $2.90
Current discount Discount to share price of $7.30
= -1 x ($7.30 - $2.90) / $2.90
-152%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of MediaTek is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MediaTek's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MediaTek's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MDTK.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in TWD NT$13.26
TSEC:2454 Share Price ** TSEC (2018-12-31) in TWD NT$282.5
United States of America Semiconductor Industry PE Ratio Median Figure of 69 Publicly-Listed Semiconductor Companies 18.58x
United States of America Market PE Ratio Median Figure of 3,069 Publicly-Listed Companies 17.66x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MediaTek.

OTCPK:MDTK.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSEC:2454 Share Price ÷ EPS (both in TWD)

= 282.5 ÷ 13.26

21.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MediaTek is overvalued based on earnings compared to the US Semiconductor industry average.
  • MediaTek is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does MediaTek's expected growth come at a high price?
Raw Data
OTCPK:MDTK.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
9.4%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 64 Publicly-Listed Semiconductor Companies 1.16x
United States of America Market PEG Ratio Median Figure of 2,106 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

OTCPK:MDTK.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.3x ÷ 9.4%

2.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MediaTek is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on MediaTek's assets?
Raw Data
OTCPK:MDTK.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in TWD NT$176.05
TSEC:2454 Share Price * TSEC (2018-12-31) in TWD NT$282.5
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.53x
United States of America Market PB Ratio Median Figure of 5,160 Publicly-Listed Companies 1.89x
OTCPK:MDTK.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSEC:2454 Share Price ÷ Book Value per Share (both in TWD)

= 282.5 ÷ 176.05

1.6x

* Primary Listing of MediaTek.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MediaTek is good value based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess MediaTek's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. MediaTek has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is MediaTek expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MediaTek expected to grow at an attractive rate?
  • MediaTek's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • MediaTek's earnings growth is positive but not above the United States of America market average.
  • MediaTek's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:MDTK.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MDTK.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 9.4%
OTCPK:MDTK.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 5.2%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MDTK.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MDTK.F Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 304,956 29,744 2
2020-12-31 259,599 28,904 25,089 18
2019-12-31 241,620 27,631 21,745 22
OTCPK:MDTK.F Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2018-12-31 238,057 20,343 20,760
2018-09-30 237,569 28,379 27,121
2018-06-30 234,190 31,227 25,346
2018-03-31 231,788 20,869 20,275
2017-12-31 238,216 21,348 24,333
2017-09-30 246,488 13,818 19,218
2017-06-30 261,240 10,040 21,908
2017-03-31 275,689 23,406 26,040
2016-12-31 275,512 32,548 23,701
2016-09-30 268,549 41,502 23,083
2016-06-30 247,108 38,990 23,245
2016-03-31 221,625 25,334 23,096

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MediaTek's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • MediaTek's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MDTK.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from MediaTek Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MDTK.F Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 18.69 18.69 18.69 1.00
2020-12-31 16.25 21.43 11.68 17.00
2019-12-31 13.77 15.77 11.94 21.00
OTCPK:MDTK.F Past Financials Data
Date (Data in TWD Millions) EPS *
2018-12-31 13.26
2018-09-30 17.33
2018-06-30 16.20
2018-03-31 12.96
2017-12-31 15.56
2017-09-30 12.29
2017-06-30 14.01
2017-03-31 16.65
2016-12-31 15.16
2016-09-30 14.76
2016-06-30 14.86
2016-03-31 14.77

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • MediaTek is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MediaTek's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MediaTek has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MediaTek performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MediaTek's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MediaTek's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • MediaTek's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MediaTek's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.
Earnings and Revenue History
MediaTek's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MediaTek Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MDTK.F Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 238,057.00 20,760.00 17,993.00 57,549.00
2018-09-30 237,568.87 27,121.02 18,647.18 58,337.27
2018-06-30 234,190.13 25,345.59 18,047.34 57,645.78
2018-03-31 231,787.58 20,275.21 17,645.97 56,998.30
2017-12-31 238,216.32 24,332.60 17,895.96 57,170.78
2017-09-30 246,488.34 19,218.23 18,157.00 55,346.87
2017-06-30 261,240.43 21,908.27 19,535.05 55,740.03
2017-03-31 275,688.95 26,039.87 20,030.42 55,757.05
2016-12-31 275,511.71 23,700.60 19,428.81 55,685.24
2016-09-30 268,549.21 23,082.73 18,327.64 57,087.74
2016-06-30 247,107.76 23,245.13 17,264.29 54,838.98
2016-03-31 221,624.51 23,095.81 16,254.56 52,094.74
2015-12-31 213,255.24 25,958.43 16,742.85 49,528.77
2015-09-30 206,995.04 31,923.17 16,377.69 46,572.53
2015-06-30 207,505.14 37,267.96 14,940.15 45,767.57
2015-03-31 214,594.14 43,476.15 14,768.12 45,273.08
2014-12-31 213,062.92 46,397.89 13,289.96 43,337.35
2014-09-30 197,408.11 44,627.90 11,475.78 38,227.70
2014-06-30 178,943.75 39,756.96 10,773.31 33,764.75
2014-03-31 158,086.75 33,921.51 9,093.78 29,878.05
2013-12-31 136,055.95 27,515.05 8,107.92 26,453.94
2013-09-30 122,995.05 23,388.89 7,361.21 25,008.94
2013-06-30 113,458.19 19,888.23 6,756.60 24,257.75
2013-03-31 103,622.08 16,847.69 6,258.40 23,065.45
2012-12-31 99,263.16 15,583.75 6,027.04 22,629.21
2012-09-30 95,158.93 14,004.53 6,157.00 22,529.21
2012-06-30 89,063.74 13,146.91 6,095.59 21,509.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • MediaTek has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MediaTek used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • MediaTek's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MediaTek's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MediaTek has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MediaTek's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MediaTek's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MediaTek is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MediaTek's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MediaTek's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MediaTek Company Filings, last reported 3 months ago.

OTCPK:MDTK.F Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 274,326.00 51,057.00 164,671.00
2018-09-30 271,916.58 64,217.77 170,463.19
2018-06-30 259,884.23 79,642.84 191,953.34
2018-03-31 274,014.97 63,073.51 165,209.57
2017-12-31 261,199.01 64,688.72 170,100.91
2017-09-30 257,899.76 63,621.64 148,837.86
2017-06-30 250,848.69 63,656.16 154,926.35
2017-03-31 254,963.00 61,247.28 152,146.56
2016-12-31 246,662.88 54,943.07 153,446.64
2016-09-30 230,118.46 65,015.24 155,664.89
2016-06-30 223,582.62 61,434.10 172,065.16
2016-03-31 249,837.11 48,025.81 172,712.72
2015-12-31 247,086.89 49,123.48 166,818.60
2015-09-30 237,074.65 57,032.94 168,886.41
2015-06-30 225,437.83 57,490.88 203,046.18
2015-03-31 253,620.03 50,933.72 204,894.01
2014-12-31 247,605.75 46,160.59 205,282.73
2014-09-30 230,979.29 43,453.91 194,618.16
2014-06-30 214,316.95 34,045.59 196,419.49
2014-03-31 228,398.34 22,100.97 173,905.77
2013-12-31 195,353.40 29,051.50 139,105.51
2013-09-30 185,099.47 19,760.22 113,078.11
2013-06-30 178,352.97 16,114.20 112,635.20
2013-03-31 182,461.65 12,784.78 98,635.74
2012-12-31 175,457.72 8,880.43 90,476.14
2012-09-30 172,849.92 10,504.44 91,176.56
2012-06-30 111,675.44 12,199.20 100,822.21
  • MediaTek's level of debt (18.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.8% vs 18.6% today).
  • Debt is well covered by operating cash flow (39.8%, greater than 20% of total debt).
  • MediaTek earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess MediaTek's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MediaTek has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is MediaTek's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.54%
Current annual income from MediaTek dividends. Estimated to be 3.59% next year.
If you bought $2,000 of MediaTek shares you are expected to receive $71 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • MediaTek's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • MediaTek's dividend is below the markets top 25% of dividend payers in United States of America (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MDTK.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:MDTK.F Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 13.57 2.00
2020-12-31 10.68 16.00
2019-12-31 9.26 18.00
OTCPK:MDTK.F Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2018-04-27 10.000 3.878
2017-05-15 8.000 2.768
2017-03-22 9.500 4.394
2016-05-16 11.000 4.800
2016-04-29 11.000 5.407
2015-05-15 22.000 8.149
2015-04-30 22.000 5.785
2014-11-14 15.000 3.332
2014-08-14 15.000 3.243
2014-05-15 15.000 2.982
2014-04-30 15.000 2.989
2013-11-14 0.500 0.114
2013-08-14 0.500 0.131
2013-05-06 9.000 2.535
2012-03-30 9.000 2.977
2011-03-16 20.000 6.693
2009-09-10 13.944 3.021
2009-04-30 13.944 3.279
2009-04-01 13.944 4.433

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of MediaTek's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess MediaTek's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MediaTek afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MediaTek has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of MediaTek's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rick Tsai
AGE 67
TENURE AS CEO 1 years
CEO Bio

Dr. Lih Shyng L. Tsai, also known as Rick, Ph.D. has been Chief Executive Officer of MediaTek Inc. since February 1, 2018 and served as its Co-Chief Executive Officer from July 1, 2017 to February 1, 2018. Dr. Tsai serves as the Chief Executive Officer of CHIP STAR Ltd. He has been Chairman at Richtek Technology Corporation since February 27, 2019. He has substantial operational and leadership experience in global businesses. He has knowledge in the semiconductor and semiconductor equipment businesses. He has experience in marketing, mergers and acquisitions. From August 2011 to January 2014, Dr. Tsai served as the Chief Executive Officer of Chunghwa Telecom Co., Ltd. from January 28, 2014 to December 15, 2016 and served as its Chairman from January 28, 2014 to December 15, 2016. Dr. Tsai served as the Chairman and Chief Executive Officer of TSMC Solid State Lighting Ltd. (SSL) and TSMC Solar Ltd., from August 2011 to January 2014, two then wholly-owned subsidiaries of Taiwan Semiconductor Manufacturing Company Limited (TSMC) (now Taiwan Semiconductor Manufacturing Company Limited. He was active in the semiconductor industry for over 25 years. He served as the President of New Business Development Organization of Taiwan Semiconductor Manufacturing Co. Ltd. from June 2009 to August 2011. Dr. Tsai served as the President of Taiwan Semiconductor Manufacturing Co. Ltd. since July 1, 2005 to June 2009. He served as the Chief Executive Officer of Taiwan Semiconductor Manufacturing Co. Ltd. from July 1, 2005 to June 2009. Dr. Tsai served as Chief Operating Officer of Taiwan Semiconductor Manufacturing Co. Ltd. from August 2001 to June 2005 and also served as its Executive Vice President of Worldwide Marketing and Sales from September 2000 to August 2001. He served as Executive Vice President of Operations at Taiwan Semiconductor Manufacturing Co. since joining it in 1989. He also served as President of Vanguard International Semiconductor from 1999 to 2000. He joined Taiwan Semiconductor Manufacturing Co. Ltd. in 1989 and served as its Deputy Director of Fab 2 Operations. From 1989 to 2011, Dr. Tsai held various positions at TSMC. At TSMC, he served as Vice President, responsible for operation of Fabs 3 and 4; Senior Director of Fab 3, responsible for design, construction, start-up, volume production and fab operation; and finally as Director of Fab 2, Module A, responsible for operation, profit and loss and process development. From 1997 to 1999, Dr. Tsai served as an Executive Vice President of Operations of TSMC, where he was responsible for six fabrication plants, as well as associated testing service and product assurance. He was Montana State Deputy General Director of Institute for Information Industry (III). He held various technical positions at Hewlett Packard, an international information technology company, from 1981 to 1989. Dr. Tsai moved through the ranks during his 8 years at Hewlett-Packard in Ft. Collins, Colo., and served as its R&D Project Manager, Manufacturing Engineering Project Manager and as a Member of the technical staff. His responsibilities at Hewlett-Packard included 1um CMOS VLSI process integration, yield improvement, process development and process reliability. He served as the Chairman of CHIP STAR Ltd. He has been an Independent Director of Lam Research Corporation since September 13, 2016. He has been a Director of MediaTek Inc. since September 25, 2017 and served as its Vice Chairman. He has been a Director of Motech Industries Co Ltd. since January 27, 2014 and USI Corporation since June 2014. He served as a Non-Executive Director of NXP Semiconductors NV since July 1, 2014 until June 13, 2017. He served as a Director of Motech Industries, Inc. He served as a Director of Taiwan Semiconductor Manufacturing Company Limited from June 2003 to January 27, 2014. He served as a Director of HTC Corporation from June 21, 2013 to January 24, 2014. He served as a Director at TSMC Solid State Lighting and TSMC Solar from August 2011 to January 2014. He was a Director at Taiwan Semiconductor Industry Association (TSIA) from June 2009 to March 2013, where he served as chairman. He holds a Ph.D. degree in Material Science and Engineering from Cornell University in Ithaca, N.Y., as well as a Bachelor of Science in Physics from National Taiwan University in Taipei, Taiwan. Dr. Tsai holds M.S. in Computer Sciences.

CEO Compensation
  • Insufficient data for Rick to compare compensation growth.
  • Insufficient data for Rick to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the MediaTek management team in years:

2.7
Average Tenure
  • The tenure for the MediaTek management team is about average.
Management Team

Rick Tsai

TITLE
CEO & Director
AGE
67
TENURE
1 yrs

Joe Chen

TITLE
President & COO
TENURE
1.3 yrs

David Ku

TITLE
Corporate Executive VP
AGE
48
TENURE
7.3 yrs

Kevin Jou

TITLE
Corporate Senior VP & CTO
TENURE
7.8 yrs

David Su

TITLE
Corporate VP & General Counsel
TENURE
2.3 yrs

Sherry Lin

TITLE
Corporate VP & CHRO
TENURE
2.7 yrs

C. Liao

TITLE
Chief Representative of Mainland China Operation
TENURE
10.7 yrs

Cheng-Te Chuang

TITLE
Corporate Senior Vice President

Lawrence Loh

TITLE
Corporate Senior Vice President

Jeffery Zhu

TITLE
Senior Vice President
Board of Directors Tenure

Average tenure and age of the MediaTek board of directors in years:

6.7
Average Tenure
65
Average Age
  • The tenure for the MediaTek board of directors is about average.
Board of Directors

Ming-Kai Tsai

TITLE
Chairman
TENURE
12.7 yrs

Rick Tsai

TITLE
CEO & Director
AGE
67
TENURE
1.7 yrs

Ching-Jiang Hsieh

TITLE
Vice Chairman
TENURE
13.4 yrs

Peter Wu

TITLE
Independent Director
TENURE
6.7 yrs

Peng-Heng Chang

TITLE
Independent Director
TENURE
6.7 yrs

Ming-Je Tang

TITLE
Independent Director
AGE
65
TENURE
1.7 yrs

Cheng-Yaw Sun

TITLE
Director
AGE
61
TENURE
6.7 yrs

Kenneth Kin

TITLE
Director
TENURE
6.7 yrs

Gon-Wei Liang

TITLE
Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess MediaTek's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MediaTek has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

MediaTek Inc. researches, develops, produces, and markets integrated circuits (ICs) worldwide. It provides multimedia, computer peripherals oriented, consumer-oriented, and other application ICs. The company offers products for smartphones, such as MediaTek Helio chipsets; octa-core and quad-core system-on-chips (SoC); 32-bit chipsets; and SOCs for Google Mobile Service Express. It also provides tablet chipsets that are used in enterprise systems; streaming and traditional audio products for connected audio systems, sound bars, and other applications; chipsets for ultra high definition 4K Blu-ray, Blu-ray and DVD players, and set top boxes; multi-core smart TV SoCs and chipset for digital TVs; and single-chip platform for optical disk drives. In addition, the company offers home networking and broadband Wi-Fi products, which are used in PCs, broadband gateways, digital TVs, Blu-ray players, IPTV set-top boxes, and Web cams; and automotive solutions, such as mmWave radar sensors, telematics solutions, vision advanced driver systems, and in-vehicle infotainment systems. Further, it provides chipsets for location intelligence, wearable products, smart home solutions, and machine to machine applications; Narrow-Band Internet of Things (IoT), a 3GPP standardized cellular based low power wide area technology; and IoT microcontroller for Internet connected devices. Additionally, the company is involved in the provision of software and hardware design, development, test, maintenance and repair, and technological consultation services; import and export of its products; sale and delegation of patents and circuit layout rights for its products; and investment activity. It also provides research, marketing, management, and technology services; and sells electronic parts. MediaTek Inc. has collaboration agreements Oppo, Vivo, Skyworks, Qorvo, and Murata to deliver a standards-based 5G solution. The company was founded in 1997 and is headquartered in Hsinchu, Taiwan.

Details
Name: MediaTek Inc.
MDTK.F
Exchange: OTCPK
Founded: 1997
NT$14,512,846,602
1,585,881,680
Website: http://www.mediatek.com
Address: MediaTek Inc.
No. 1, Dusing 1st Road,
Hsinchu Science Park,
Hsinchu,
30078,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSEC 2454 Common Stock Taiwan Stock Exchange TW TWD 23. Jul 2001
OTCPK MDTK.F Common Stock Pink Sheets LLC US USD 23. Jul 2001
Number of employees
Current staff
Staff numbers
0
MediaTek employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/31 00:13
End of day share price update: 2018/12/31 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/01/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.