Specialty IC foundry VIS considering 12-inch fab

Related company info

Monica Chen, Hsinchu; Jessie Shen, DIGITIMES

Wednesday 3 November 2021

Latest stock

VIS [5347] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
25-May	7,399	4,055	739,671,900	99.90	101.00	98.90	101.00	+1.20	+1.20%	100.50	62.00
23-May	6,836	3,162	731,056,500	107.50	109.00	105.50	106.50	-1.00	-0.93%	106.50	10.00
20-May	3,679	2,240	392,403,500	106.00	108.00	104.50	107.50	+1.00	+0.94%	107.00	134.00
19-May	3,708	2,407	391,069,000	104.00	107.50	103.00	106.50	-1.00	-0.93%	106.50	154.00
18-May	4,746	2,935	510,099,500	109.00	110.00	105.50	107.50	+0.50	+0.47%	107.00	196.00
17-May	3,011	1,834	319,997,500	105.50	107.00	105.00	107.00	+2.50	+2.39%	106.50	72.00

Latest sales

VIS: Consolidated revenues, Apr 2021 - Apr 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Apr-22	4,486	(11.5%)	41.5%	17,978	45.6%
Mar-22	5,068	19.4%	41.4%	13,492	47%
Feb-22	4,245	1.6%	50.7%	8,424	50.5%
Jan-22	4,179	(9.2%)	50.3%	4,179	50.3%
Dec-21	4,604	5.4%	53.5%	43,951	32.7%
Nov-21	4,367	16%	52.2%	39,347	30.6%
Oct-21	3,766	(9.7%)	32.2%	34,980	28.3%
Sep-21	4,171	3.5%	46.4%	31,214	27.9%
Aug-21	4,029	9.6%	44.7%	27,042	25.4%
Jul-21	3,677	2.9%	35.7%	23,013	22.5%
Jun-21	3,575	4.9%	24.5%	19,336	20.3%
May-21	3,409	7.5%	23.1%	15,760	19.4%
Apr-21	3,171	(11.5%)	22.7%	12,351	18.4%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

VIS: Consolidated revenues, 4Q20 - 4Q21 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
4Q-21	12,738	7.2%	46.1%	43,951	32.7%
3Q-21	11,878	17%	42.4%	31,214	27.9%
2Q-21	10,156	10.6%	23.5%	19,336	20.3%
1Q-21	9,180	5.3%	17%	9,180	17%
4Q-20	8,717	4.5%	18.9%	33,131	17.1%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Latest balance sheet and income statement

VIS: Consolidated balance sheet, 4Q20 - 4Q21 (NT$k)
Item	4Q-2021	3Q-2021	2Q-2021	1Q-2021	4Q-2020
Current assets	34,187,792	27,794,364	29,469,589	26,222,554	22,211,916
Intangible assets	200,566	209,714	225,093	249,677	271,454
Non-current assets	31,359,709	25,977,670	22,396,047	21,261,460	21,458,246
Assets	65,547,501	53,772,034	51,865,636	47,484,014	43,670,162
Current liabilities	14,975,698	13,196,520	18,670,093	12,037,020	11,428,693
Non-current liabilities	15,406,398	8,908,512	4,785,081	3,548,611	2,683,871
Liabilities	30,382,096	22,105,032	23,455,174	15,585,631	14,112,564
Stockholders' equity	35,165,405	31,667,002	28,410,462	31,898,383	29,557,598

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

VIS: Consolidated income statement, 4Q20 - 4Q21 (NT$k)
Item	4Q-2021		3Q-2021		2Q-2021		1Q-2021		4Q-2020
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Operating revenue	12,737,534		11,877,834		10,155,588		9,180,131		8,717,052
Gross profit (loss) from operations	6,062,632	47.6%	5,438,362	45.8%	4,153,046	40.9%	3,497,817	38.1%	3,259,808	37.4%
Operating expenses	1,463,359	11.5%	1,374,048	11.6%	1,165,621	11.5%	1,046,927	11.4%	1,007,590	11.6%
Operating income (loss)	4,599,273	36.1%	4,064,314	34.2%	2,987,425	29.4%	2,450,890	26.7%	2,252,218	25.8%
Non-operating expenses and losses	35,196	0.3%	52,481	0.4%	37,941	0.4%	62,292	0.7%	29,623	0.3%
Income from continuing operations before income tax	4,634,469	36.4%	4,116,795	34.7%	3,025,366	29.8%	2,513,182	27.4%	2,281,841	26.2%
Net income (loss)	3,715,839	29.2%	3,288,350	27.7%	2,601,905	25.6%	2,213,494	24.1%	1,821,071	20.9%
Diluted earnings per share (NT$)	2.2		2		1.6		1.3		1.1