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Yageo Corp 2327

Morningstar Rating
TWD 754.00 +1.00 (0.13%)
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Company Report

Yageo: Uncertainty Rating Upgraded to Medium; Transformation Not Fully Recognized

We upgrade Yageo’s Morningstar Uncertainty Rating to Medium from High, and with a lower discount rate, we revise our fair value estimate to TWD 800 per share from TWD 750. We believe that Yageo’s diversified product portfolio and customer mix have made the company much more resilient to economic fluctuations, but the market has not yet fully recognized this transformation.

Price vs Fair Value

2327 is trading at a 893% premium.
Price
TWD 754.00
Fair Value
TWD 253.00
Uncertainty
Medium
1-Star Price
TWD 2,633.00
5-Star Price
TWD 734.00
Economic Moat
Lhkll
Capital Allocation
Flqtbltw

Bulls Say, Bears Say

Bulls

Yageo will benefit from increasing passive components demand driven by the content growth in 5G smartphones and autos.

Bears

While suppliers expand their production capacity, demand could be weaker than anticipated, leading to a price war.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if 2327 is a good fit for your portfolio.

Trading Information

Previous Close Price
TWD 763.00
Day Range
TWD 751.00764.00
52-Week Range
TWD 441.00772.00
Bid/Ask
TWD 753.00 / TWD 754.00
Market Cap
TWD 316.07 Bil
Volume/Avg
2.0 Mil / 2.9 Mil

Key Statistics

Price/Earnings (Normalized)
24.63
Price/Sales
2.94
Dividend Yield (Trailing)
2.65%
Dividend Yield (Forward)
2.65%
Total Yield
2.65%

Company Profile

Yageo produces passive components for electronic devices. Passive components are necessary for all electronic circuits; they are used to stabilize and control electric flow and remove electromagnetic noise from the circuit. Yageo’s main products are multilayer ceramic capacitors, chip resistors, inductors, and tantalum capacitors, which are ranked third, first, third, and first in global production volume, respectively.
Sector
Technology
Industry
Electronic Components
Stock Style Box
Large Core
Total Number of Employees
9,415

Competitors

Valuation

Metric
2327
6981
6976
Price/Earnings (Normalized)
24.6332.6866.87
Price/Book Value
2.322.651.71
Price/Sales
2.944.121.84
Price/Cash Flow
11.8017.4313.59
Price/Earnings
2327
6981
6976

Financial Strength

Metric
2327
6981
6976
Quick Ratio
0.892.942.14
Current Ratio
1.164.723.46
Interest Coverage
9.61145.4417.83
Quick Ratio
2327
6981
6976

Profitability

Metric
2327
6981
6976
Return on Assets (Normalized)
5.65%7.36%2.51%
Return on Equity (Normalized)
13.57%8.83%4.25%
Return on Invested Capital (Normalized)
6.44%8.00%2.93%
Return on Assets
2327
6981
6976
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