Win Semiconductors Corp
3105: ROCO (TWN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
TWD 123.00 | Gsmxxb | Zgnxxbr |
Win Semi Earnings: Smartphone Recovery Takes Longer To Gain Steam, Another Upgrade Cycle Incoming
Our fair value estimate on Win Semiconductors is shaved 3% to TWD 245 after factoring in higher operating expenses and smartphone demand to be in slow recovery up to mid-2024. The stock remains attractive as smartphone recovery should help Win Semi climb back into operating profit in early 2024, and drive 2024-27 revenue to grow by 30% each year with help from satellite, autonomous driving, and artificial intelligence, or AI, application demand.