Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to NT$64.30, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 30% over the past three years. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$2.32 (vs NT$2.53 in FY 2024) Full year 2025 results: EPS: NT$2.32 (down from NT$2.53 in FY 2024). Revenue: NT$156.1b (up 106% from FY 2024). Net income: NT$3.28b (down 8.6% from FY 2024). Profit margin: 2.1% (down from 4.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 5.0% p.a. on average during the next 2 years, while revenues in the Electronic industry in Taiwan are expected to grow by 18%. 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 1% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 12
Foxconn Technology Co., Ltd., Annual General Meeting, May 29, 2026 Foxconn Technology Co., Ltd., Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: no,3-2, chung shan rd., tucheng district, new taipei city Taiwan Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.62 (vs NT$0.69 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.62 (down from NT$0.69 in 3Q 2024). Revenue: NT$42.3b (up 109% from 3Q 2024). Net income: NT$879.8m (down 9.2% from 3Q 2024). Profit margin: 2.1% (down from 4.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Electronic industry in Taiwan are expected to grow by 15%. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$0.38 (vs NT$0.61 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.38 (down from NT$0.61 in 2Q 2024). Revenue: NT$41.2b (up 205% from 2Q 2024). Net income: NT$539.9m (down 38% from 2Q 2024). Profit margin: 1.3% (down from 6.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Electronic industry in Taiwan are expected to grow by 12%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Declared Dividend • Jun 19
Dividend reduced to NT$1.40 Dividend of NT$1.40 is 6.7% lower than last year. Ex-date: 2nd July 2025 Payment date: 31st July 2025 Dividend yield will be 2.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 30
Foxconn Technology Co., Ltd. Approves Cash Dividend for 2024 Foxconn Technology Co., Ltd. approved the proposal of cash dividend TWD 1.4 per share for 2024, at its shareholders meeting held on May 29, 2025. New Risk • May 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 7.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$0.67 (vs NT$0.60 in 1Q 2024) First quarter 2025 results: EPS: NT$0.67 (up from NT$0.60 in 1Q 2024). Revenue: NT$30.0b (up 239% from 1Q 2024). Net income: NT$953.4m (up 12% from 1Q 2024). Profit margin: 3.2% (down from 9.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% 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 fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Tillkännagivande • May 01
Foxconn Technology Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Foxconn Technology Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$51.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 5.9% over the past three years. Tillkännagivande • Mar 14
Foxconn Technology Co., Ltd., Annual General Meeting, May 29, 2025 Foxconn Technology Co., Ltd., Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: no,3-2, chung shan rd., tucheng district, new taipei city Taiwan Reported Earnings • Mar 14
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: NT$2.53 (down from NT$3.01 in FY 2023). Revenue: NT$75.8b (up 1.7% from FY 2023). Net income: NT$3.58b (down 16% from FY 2023). Profit margin: 4.7% (down from 5.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 05
Foxconn Technology Co., Ltd. to Report Q4, 2024 Results on Mar 12, 2025 Foxconn Technology Co., Ltd. announced that they will report Q4, 2024 results at 9:00 AM, Taipei Standard Time on Mar 12, 2025 New Risk • Dec 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. 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 (7.7% average weekly change). New Risk • Nov 18
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 6.5% 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: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: NT$0.69 (vs NT$0.76 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.69 (down from NT$0.76 in 3Q 2023). Revenue: NT$20.2b (down 9.5% from 3Q 2023). Net income: NT$969.1m (down 9.7% from 3Q 2023). Profit margin: 4.8% (in line with 3Q 2023). Revenue is forecast to grow 29% 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 fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Tillkännagivande • Nov 02
Foxconn Technology Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024 Foxconn Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$80.60, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 26% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: NT$0.61 (vs NT$0.97 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.61 (down from NT$0.97 in 2Q 2023). Revenue: NT$13.5b (down 20% from 2Q 2023). Net income: NT$864.4m (down 37% from 2Q 2023). Profit margin: 6.4% (down from 8.1% in 2Q 2023). 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 fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Tillkännagivande • Aug 02
Foxconn Technology Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Foxconn Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Declared Dividend • Jun 17
Dividend reduced to NT$1.50 Dividend of NT$1.50 is 6.3% lower than last year. Ex-date: 2nd July 2024 Payment date: 31st July 2024 Dividend yield will be 2.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$71.50, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years. Price Target Changed • May 23
Price target decreased by 9.4% to NT$48.00 Down from NT$53.00, the current price target is provided by 1 analyst. New target price is 26% below last closing price of NT$65.30. Stock is up 22% over the past year. The company is forecast to post earnings per share of NT$2.88 for next year compared to NT$3.01 last year. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: NT$0.60 (vs NT$0.54 in 1Q 2023) First quarter 2024 results: EPS: NT$0.60 (up from NT$0.54 in 1Q 2023). Revenue: NT$8.86b (down 62% from 1Q 2023). Net income: NT$849.6m (up 11% from 1Q 2023). Profit margin: 9.6% (up from 3.3% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Tillkännagivande • May 03
Foxconn Technology Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Foxconn Technology Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 New Risk • Apr 11
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 6.3% 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: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Mar 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: NT$3.01 (down from NT$3.02 in FY 2022). Revenue: NT$74.5b (down 18% from FY 2022). Net income: NT$4.26b (flat on FY 2022). Profit margin: 5.7% (up from 4.7% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year. Tillkännagivande • Mar 14
Foxconn Technology Co., Ltd., Annual General Meeting, May 31, 2024 Foxconn Technology Co., Ltd., Annual General Meeting, May 31, 2024. Location: No.66-1, Chungshan Rd, Tucheng Dist New Taipei City Taiwan Agenda: To consider report the business of 2023; to consider Audit Committee's review report of 2023; to consider to report on the 2023 Employee Compensation Distributions; to consider to report on the distribution of 2023 profits in cash; and to transact such other business matters. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$58.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total loss to shareholders of 12% over the past three years. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$0.76 (vs NT$1.10 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.76 (down from NT$1.10 in 3Q 2022). Revenue: NT$22.3b (up 25% from 3Q 2022). Net income: NT$1.07b (down 31% from 3Q 2022). Profit margin: 4.8% (down from 8.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% 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 fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Tillkännagivande • Oct 22
Foxconn Technology Co., Ltd Announces Change of Director for Q-Run Far East Corporation Foxconn Technology Co., Ltd.'s subsidiary Q-Run Far East Corporation Announces Change of Director. Title and name of the previous position holder: Han-Ming, Lee 4.Resume of the previous position holder: Director of Q-Run Far East Corporation. Title and name of the new position holder: Chun-Fu, Lu. Resume of the new position holder: Chairman of FOXCONN TECHNOLOGY CO., LTD. Reason for the change: Reassign. Effective date of the new appointment: October 20, 2023. Tillkännagivande • Oct 21
Foxconn Technology Co., Ltd. Change of Director for Eastern Star Limited Foxconn Technology Co., Ltd.'s subsidiary Eastern Star Limited change of director. Title and name of the previous position holder: Han-Ming, Lee. Resume of the previous position holder: Director of Eastern Star Limited. Title and name of the new position holder: Chun-Fu, Lu. Resume of the new position holder: Chairman of FOXCONN TECHNOLOGY CO., LTD. Effective from October 20, 2023. Tillkännagivande • Aug 18
Foxconn Technology Co., Ltd. Announces Change of Chief Information Security Officer Foxconn Technology Co., Ltd. announces change of Chief Information Security Officer. Name, title, and resume of the previous position holder Name: XuShun,Wang. Title: Senior manager. Resume: Senior manager of HON HAI PRECISION IND. CO., LTD.; General manager of Foxconn (NanJing) Software CO.,LTD. Name, title, and resume of the new position holder Name: KuanHui,Zhou. Title: Director. Resume: Commander of Traffic Police Corps, Tainan City Police Department. Office Chief of Information Management Office, Tainan City Police Department. Effective date: August 16, 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: NT$0.97 (up from NT$0.74 in 2Q 2022). Revenue: NT$16.8b (down 12% from 2Q 2022). Net income: NT$1.37b (up 31% from 2Q 2022). Profit margin: 8.1% (up from 5.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 63%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 27
Upcoming dividend of NT$1.60 per share at 2.9% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%). Major Estimate Revision • Mar 23
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$94.6b to NT$93.5b. EPS estimate also fell from NT$4.40 per share to NT$3.73 per share. Net income forecast to grow 58% next year vs 0.2% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$53.50. Share price rose 3.9% to NT$53.90 over the past week. Reported Earnings • Mar 17
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: NT$3.02 (down from NT$3.17 in FY 2021). Revenue: NT$90.5b (down 13% from FY 2021). Net income: NT$4.27b (down 5.0% from FY 2021). Profit margin: 4.7% (up from 4.3% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 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 fallen by 19% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Tillkännagivande • Dec 24
Foxconn Technology Co., Ltd. Announces Appointment of Xushun Wang as Chief Information Security Officer, with Effect from December 23, 2022 Foxconn Technology Co., Ltd. announced appointment of Xushun Wang, Senior manager of HON HAI PRECISION IND. CO., LTD. as Chief Information Security Officer, with effect from December 23, 2022. Major Estimate Revision • Nov 16
Consensus revenue estimates fall by 12% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$100.9b to NT$88.7b. EPS estimate fell from NT$4.26 to NT$4.12 per share. Net income forecast to grow 37% next year vs 6.4% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$55.17 to NT$52.83. Share price rose 3.9% to NT$50.10 over the past week. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Yao-Ching Chen is the most experienced director on the board, commencing their role in 2013. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: NT$1.10 (up from NT$0.81 in 3Q 2021). Revenue: NT$17.9b (down 47% from 3Q 2021). Net income: NT$1.55b (up 36% from 3Q 2021). Profit margin: 8.7% (up from 3.4% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 5.6% 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 fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Sep 06
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$98.1b to NT$100.9b. EPS estimate increased from NT$3.83 to NT$4.26 per share. Net income forecast to grow 48% next year vs 4.1% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$56.33 to NT$55.17. Share price fell 4.8% to NT$48.15 over the past week. Major Estimate Revision • Aug 16
Consensus revenue estimates fall by 11% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$110.0b to NT$98.1b. EPS estimate fell from NT$4.31 to NT$3.83 per share. Net income forecast to grow 48% next year vs 6.5% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$56.33 unchanged from last update. Share price rose 2.6% to NT$50.40 over the past week. Reported Earnings • Aug 11
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: NT$0.74 (down from NT$1.08 in 2Q 2021). Revenue: NT$19.1b (down 15% from 2Q 2021). Net income: NT$1.04b (down 32% from 2Q 2021). Profit margin: 5.5% (down from 6.7% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) exceeded analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 6.8%, compared to a 8.5% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Aug 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Yao-Ching Chen is the most experienced director on the board, commencing their role in 2013. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Jul 13
Price target decreased to NT$56.33 Down from NT$64.67, the current price target is an average from 3 analysts. New target price is 20% above last closing price of NT$47.05. Stock is down 28% over the past year. The company is forecast to post earnings per share of NT$4.60 for next year compared to NT$3.17 last year. Board Change • Jul 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Yao-Ching Chen is the most experienced director on the board, commencing their role in 2013. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 27
Upcoming dividend of NT$1.70 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (6.3%). Lower than average of industry peers (4.6%). Tillkännagivande • Jun 18
Foxconn Technology Co., Ltd. Announces Change of Representative Juristic-Person Director of Yonglin Capital Holding Co. ,Ltd Foxconn Technology Co., Ltd. announced Change of Representative Juristic-Person Director of Yonglin Capital Holding Co.,Ltd. Name of the previous position holder: Qun-Lun Lin. Resume of the previous position holder: Assistant manager of the Policy Group of the Chairman's Office of HON HAI PRECISION IND. CO., LTD., Chairman and General manager of HEALTHCONN CORP, Director of GyroGear Ltd., Director of Apollo Medical Optics Inc., Director of Apollo Medical Optics, Ltd., Director of GTM-IDG Biomedical Health Fund, Chairman of GTM Management Co., Ltd., CEO of YongLin Healthcare Foundation, Director of Retain Biotech Corp. Name of the new position holder: Wu-Kuang Chen. Resume of the new position holder: General manager of Foxconn Technology Co. Ltd, Chairman of HongFuJin Precision Industrial (Taiyuan) Co., Ltd, Director of FuZhun Precision Electronics (Hebi) Co., Ltd, Director of FuJin Precision Industrial (Jincheng) Co., Ltd. Reason for the change: Change in representative juristic person director. Effective date of the new appointment is June 17, 2022. Tillkännagivande • Jun 01
Foxconn Technology Co., Ltd. Approves Distribution for 2021 Foxconn Technology Co., Ltd. at the annual general meeting held on May 31, 2022 approved distribution of 2021 earnings of TWD 1.7 cash dividend per share. Reported Earnings • May 14
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$0.60 (down from NT$0.70 in 1Q 2021). Revenue: NT$23.5b (up 16% from 1Q 2021). Net income: NT$845.1m (down 14% from 1Q 2021). Profit margin: 3.6% (down from 4.9% in 1Q 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 30%. Over the next year, revenue is forecast to grow 13%, compared to a 9.8% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Yao-Ching Chen is the most experienced director on the board, commencing their role in 2013. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from NT$4.56 to NT$5.10. Revenue forecast steady at NT$120.3b. Net income forecast to grow 50% next year vs 14% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$67.33 to NT$65.33. Share price was steady at NT$60.50 over the past week. Tillkännagivande • Apr 08
Foxconn Technology Co., Ltd. Announces Board Changes Foxconn Technology Co., Ltd. announced that name of the previous position holder is Kuoliang. Ho Resume of the previous position holder: Director of Strategic Investment Division, Hon Hai Precision Industry Co., Ltd. Name of the new position holder:Hank Hsieh . Resume of the new position holder. Major Estimate Revision • Apr 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from NT$5.70 to NT$4.56 per share. Revenue forecast steady at NT$120.2b. Net income forecast to grow 44% next year vs 14% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$67.33. Share price was steady at NT$62.10 over the past week. Major Estimate Revision • Dec 18
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from NT$4.48 to NT$5.10. Revenue forecast unchanged at NT$115.8b. Net income forecast to grow 60% next year vs 19% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$68.00 unchanged from last update. Share price fell 2.1% to NT$63.90 over the past week. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.81 (vs NT$1.18 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$33.3b (down 8.4% from 3Q 2020). Net income: NT$1.14b (down 32% from 3Q 2020). Profit margin: 3.4% (down from 4.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Weiguo Su was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 24
VP & Director Chih-Chien Hung has left the company On the 23rd of August, Chih-Chien Hung's tenure as VP & Director ended. We don't have any record of a personal shareholding under Chih-Chien's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 6.33 years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$1.07 (vs NT$1.03 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: NT$22.5b (flat on 2Q 2020). Net income: NT$1.52b (up 4.0% from 2Q 2020). Profit margin: 6.7% (up from 6.4% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Tillkännagivande • Aug 06
Foxconn Reportedly Buys Wafer Plant from Macronix Foxconn Technology Co., Ltd. (TWSE:2354)) has bought a 6-inch wafer fabrication plant from Macronix International Co., Ltd. (TWSE:2337), three sources with direct knowledge of the matter told Reuters on August 5, 2021, as the tech giant expands in the chip industry. The sources declined to disclose the purchase price. Foxconn has been seeking to acquire chip plants globally as a worldwide chip shortage rattles producers of goods from cars to electronics.
The supply bottleneck has led to production cuts and warnings of supply chain disruptions from manufacturers across the world this year. Foxconn and Macronix said they will hold a media conference at 3 p.m. Taipei time (0700 GMT). Executive Departure • Aug 03
VP & Director Xue-Kun Lee has left the company On the 23rd of July, Xue-Kun Lee's tenure as VP & Director ended. We don't have any record of a personal shareholding under Xue-Kun's name. Xue-Kun is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.33 years. Upcoming Dividend • Jul 15
Upcoming dividend of NT$1.80 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 20 August 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (2.9%). Reported Earnings • May 18
First quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.35 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$20.3b (up 81% from 1Q 2020). Net income: NT$988.7m (up 97% from 1Q 2020). Profit margin: 4.9% (up from 4.5% 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 24% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 20
Price target increased to NT$64.25 Up from NT$59.20, the current price target is an average from 3 analysts. New target price is 9.5% below last closing price of NT$71.00. Stock is up 35% over the past year. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$3.34 (vs NT$5.04 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$104.8b (up 5.0% from FY 2019). Net income: NT$4.72b (down 34% from FY 2019). Profit margin: 4.5% (down from 7.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 27
New 90-day high: NT$78.20 The company is up 55% from its price of NT$50.40 on 29 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$32.56 per share. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 21% share price gain to NT$67.70, the stock is trading at a trailing P/E ratio of 17.6x, up from the previous P/E ratio of 14.6x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total return to shareholders over the past three years is a loss of 10%. Is New 90 Day High Low • Jan 11
New 90-day high: NT$61.60 The company is up 18% from its price of NT$52.00 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$32.59 per share.