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Formosa Advanced Technologies Co., Ltd. (8131.TW)

TWD81.20 +6.30 (+8.41%)
TW TAI Technology Semiconductors
Address 329, Ho-Nan Street 640
Douliou, TW
CEO Hsien-Cheng Chang
IPO 2007-11-29
ISIN TW0008131004

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Description

Formosa Advanced Technologies Co., Ltd., established in 1990 and headquartered in Douliou City, Taiwan, specializes in a wide array of semiconductor and optoelectronic services. The company's primary offerings encompass comprehensive wafer probing, integrated circuit (IC) assembly and testing, and complete module turnkey solutions within Taiwan. For IC packaging, they develop solutions tailored for numerous portable electronic devices, including mobile phones, various memory modules, PC cards, personal digital assistants (PDAs), disc drives, and telephone handsets. Their product range in this category also features DIMM products specifically for laptops and diverse flash cards. In the LED sector, Formosa Advanced Technologies produces components such as PLCC, EMC, and UV LED products. Additionally, they provide essential back-end services for LED chips, which include grinding, dicing, probing, sorting, and PI services. Beyond manufacturing, their robust testing capabilities cover wafer probe, burn-in, and final testing for memory, logical, and mixed-signal semiconductors. This is supported by additional services like testing program validation, tester/fixture correlation, engineering lot support, production lot verification, and periodic reporting. Furthermore, the company delivers extensive module services, offering everything from customized product development to OEM and ODM solutions. This includes the supply of blank DRAM modules, specifically U-DIMM, SO-DIMM, R-DIMM, and FB-DIMM types.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD81.20 +6.30 (+8.41%)
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Volume Profile
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Liquidity & share structure
Average Volume
7M
Beta
0.70
Float Shares
137.83M
Free Float %
31.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.84% -11.07% +7.07% -6.06% +41.06% +0.62% +144.74% +55.56% +70.20% +198.62% +20.56%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
81.20
DCF (Unlevered) 77.27 -4.8%
DCF (Levered) 71.07 -12.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
8.99
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Semiconductors: +12.5%
    +11.1% Q1'26: +32.0% (vs Q1'25)
  • EPS growth Semiconductors: +22.5%
    -33.0% Q1'26: +182.4% (vs Q1'25)
  • FCF margin FCF growth · Semiconductors: +38.2%
    -2.8% Q1'26: -4.4% (vs Q1'25)
  • EBIT margin Semiconductors: +10.7%
    +7.2% Q1'26: +16.1% (vs Q1'25)
  • ROIC Semiconductors: +6.0%
    +7.7% Q1'26: +19.5% (vs Q1'25)
  • Share dilution Semiconductors: +0.0%
    -0.1% Q1'26: -1.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Semiconductors: -0.75×
    0.32× Q1'26: 0.17× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.73) × ERP
WACC = 99% × Ke + 1% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 76.65 Current price: 81.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Dec 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
11.86B
est: 12.60B (-5.9%)
10.65B
est: 13.83B (-23.0%)
10.43B
est: 10.34B (+0.9%)
7.65B
est: 10.00B (-23.5%)
8.93B
est: 10.31B (-13.3%)
9.92B
est: 9.92B (+0.0%)
12.74B
12.74B – 12.74B
+28.4% YoY
13.10B
13.10B – 13.10B
+2.8% YoY
10.31B
10.31B – 10.31B
-21.3% YoY
9.92B
9.92B – 9.92B
-3.7% YoY
12.74B
12.74B – 12.74B
+28.4% YoY
13.10B
13.10B – 13.10B
+2.8% YoY
EBITDA
4.66B
est: 3.84B (+21.5%)
3.95B
est: 4.21B (-6.1%)
3.85B
est: 3.15B (+22.1%)
1.84B
est: 3.04B (-39.4%)
2.06B
est: 2.72B (-24.0%)
1.38B
est: 2.61B (-47.2%)
3.36B
3.36B – 3.36B
+28.4% YoY
3.45B
3.45B – 3.45B
+2.8% YoY
2.72B
2.72B – 2.72B
-21.3% YoY
2.61B
2.61B – 2.61B
-3.7% YoY
3.36B
3.36B – 3.36B
+28.4% YoY
3.45B
3.45B – 3.45B
+2.8% YoY
EBIT
1.53B
est: 2.07B (-25.8%)
482.55M
est: 2.27B (-78.7%)
2.53B
est: 1.70B (+49.4%)
629.18M
est: 1.64B (-61.6%)
1.11B
est: 1.47B (-24.6%)
712.11M
est: 1.42B (-49.8%)
1.82B
1.82B – 1.82B
+28.4% YoY
1.87B
1.87B – 1.87B
+2.8% YoY
1.47B
1.47B – 1.47B
-21.3% YoY
1.42B
1.42B – 1.42B
-3.7% YoY
1.82B
1.82B – 1.82B
+28.4% YoY
1.87B
1.87B – 1.87B
+2.8% YoY
Net Income
1.19B
292.33M
2.06B
est: 2.15B (-4.4%)
530.22M
est: 1.45B (-63.4%)
900.35M
est: 1.56B (-42.2%)
602.63M
est: 553.23M (+8.9%)
2.04B
2.04B – 2.04B
+268.0% YoY
2.05B
2.05B – 2.05B
+0.7% YoY
1.56B
1.56B – 1.56B
-24.0% YoY
601.91M
601.91M – 601.91M
-61.4% YoY
2.04B
2.04B – 2.04B
+238.2% YoY
2.05B
2.05B – 2.05B
+0.7% YoY
SGA
69.39M
est: 125.55M (-44.7%)
72.68M
est: 137.79M (-47.3%)
86.45M
est: 103.04M (-16.1%)
101.65M
est: 99.59M (+2.1%)
108.42M
est: 100.46M (+7.9%)
69.66M
est: 96.70M (-28.0%)
124.14M
124.14M – 124.14M
+28.4% YoY
127.68M
127.68M – 127.68M
+2.8% YoY
100.46M
100.46M – 100.46M
-21.3% YoY
96.70M
96.70M – 96.70M
-3.7% YoY
124.14M
124.14M – 124.14M
+28.4% YoY
127.68M
127.68M – 127.68M
+2.8% YoY
EPS
2.69
0.66
4.65
est: 4.85 (-4.1%)
1.20
est: 3.27 (-63.3%)
2.04
est: 3.52 (-42.0%)
1.36
est: 1.25 (+8.8%)
4.60
4.60 – 4.60
+268.0% YoY
4.63
4.63 – 4.63
+0.7% YoY
3.52
3.52 – 3.52
-24.0% YoY
1.36
1.36 – 1.36
-61.4% YoY
4.60
4.60 – 4.60
+238.2% YoY
4.63
4.63 – 4.63
+0.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 A- 4/5 4/5 3/5 4/5 3/5 2/5 4/5
2026-05-06 A- 4/5 4/5 3/5 4/5 3/5 2/5 4/5
2026-05-05 A- 4/5 4/5 3/5 4/5 3/5 2/5 4/5
2026-05-04 A- 4/5 4/5 3/5 4/5 3/5 2/5 4/5
2026-04-30 A- 4/5 4/5 3/5 4/5 3/5 2/5 4/5
2026-04-29 B+ 3/5 4/5 2/5 4/5 3/5 2/5 4/5
2026-04-28 B+ 3/5 4/5 2/5 4/5 3/5 2/5 4/5
2026-04-27 B+ 3/5 4/5 2/5 4/5 3/5 2/5 3/5
2026-04-24 B+ 3/5 4/5 2/5 4/5 3/5 2/5 3/5
2026-04-23 B 3/5 4/5 2/5 4/5 3/5 1/5 3/5
2026-04-22 B 3/5 4/5 2/5 4/5 3/5 1/5 3/5
2026-04-21 B 3/5 4/5 2/5 4/5 3/5 1/5 3/5
2026-04-20 B 3/5 4/5 2/5 4/5 3/5 1/5 3/5
2026-04-17 B 3/5 4/5 2/5 4/5 3/5 1/5 3/5
2026-04-16 B 3/5 4/5 2/5 4/5 3/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
55.91M
OE per share TTM
0.13
Owner's Yield
0.18%
Maintenance CapEx ratio
30.55%
Maint CapEx / Avg PPE
40.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 36 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
303.0K
Shares Outstanding
442.22M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chih-Hao Huang Chief Internal Auditor
Hsien-Cheng Chang Head of Corporate Governance, Acting President & Director male
Tsai-Hsien Lin Principal Accounting Officer female
Xin-Rong Lin Finance Manager
Yi-Jian Lin Chief Information Security Officer
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits