Microelectronics Technology Inc.
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Microelectronics Technology Inc. Financial Snapshot
Operating Performance
Fast Facts
The company reported revenue of US$257.12 million
Headquarters Address No. 1 Innovation Road II, Hsinchu, ,Taiwan
during the fiscal year 2010 (2010). The company's
revenue grew at a CAGR of 9.41% during 2006–
Telephone + 886 3 5773335
2010, with an annual growth of 33.31% over 2009. In
2010, the company recorded an operating margin of -
Fax + 886 3 5770194 2.33%, as against -2.49% in 2009.
Website www.mti.com.tw
Revenue and Margins
Ticker Symbol, Stock Exchange 2314, Taiwan Stock Exchange
Number of Employees 2,812
Fiscal Year End December
Revenue (in US$ million) 257.12
Revenue (in TWD million) 8,112.07
SWOT Analysis Return on Equity
Strengths Weaknesses The company recorded a return on equity (ROE) of -
3.54% for 2010, as compared to its peers, Chicony
Strong focus on R&D activities Substantial debts Electronics Co., Ltd. (Ticker: 2385), Chunghwa
Telecom Co., Ltd. (Ticker: BDX) and United
Microelectronics Corporation (Ticker: 2303), which
Strong top-line performance recorded ROEs of 26.11%, 13.06% and 10.90%
respectively. The company reported a net profit
Wide product portfolio margin of -2.33% in 2010.
Opportunities Threats Return on Equity
Positive outlook for communication
Government regulation
products
Positive outlook for WiMAX market Intense competition
Product launches Regulations from RoHS and WEEE
Strategic collaboration with
AppliedMicro
Liquidity Position
The company reported a current ratio of 1.89 in 2010,
as compared to its peers, Chicony Electronics Co.,
Ltd., Chunghwa Telecom Co., Ltd. and United
Microelectronics Corporation, which recorded current
ratios of 1.48, 1.67 and 2.06 respectively. As of
December 2010, the company recorded cash and
short-term investments of worth US$76.51 million,
against zero current debt. The company reported a
debt to equity ratio of 0.40 in 2010 as compared to its
peers, Chicony Electronics Co., Ltd., Chunghwa
Telecom Co., Ltd. and United Microelectronics
Corporation, which recorded debt to equity ratios of
0.50, 0.01 and 0.09 respectively.
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Microelectronics Technology Inc. - SWOT Profile Page 1
Microelectronics Technology Inc.
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Business Description ..............................................................................................................................................5
1.3 Major Products and Services .................................................................................................................................6
2 Analysis of Key Performance Indicators ............................................................................................... 7
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
2.2 Key Financial Performance Indicators .................................................................................................................10
2.2.1 Revenue and Operating Profit .........................................................................................................................10
2.2.2 Asset, Liabilities and Capex .............................................................................................................................11
2.2.3 Operational Efficiency ......................................................................................................................................12
2.2.4 Solvency ..........................................................................................................................................................13
2.3 Competitive Benchmarking ..................................................................................................................................14
2.3.1 Efficiency ..........................................................................................................................................................14
2.3.2 Capital Expenditure ..........................................................................................................................................15
2.3.3 Turnover – Inventory and Asset .......................................................................................................................16
2.3.4 Liquidity ............................................................................................................................................................17
3 SWOT Analysis ...................................................................................................................................... 18
3.1 SWOT Analysis - Overview ..................................................................................................................................18
3.2 Strengths ..............................................................................................................................................................18
3.3 Weaknesses .........................................................................................................................................................18
3.4 Opportunities ....................................................................................