Critical Review: Siliconware Precision Industries (SPIL) & The Competition

Siliconware Precision Industries (NASDAQ: SPIL) is one of 104 public companies in the “Semiconductors” industry, but how does it contrast to its peers? We will compare Siliconware Precision Industries to related businesses based on the strength of its earnings, dividends, institutional ownership, valuation, risk, profitability and analyst recommendations.

Institutional and Insider Ownership

2.8% of Siliconware Precision Industries shares are owned by institutional investors. Comparatively, 65.2% of shares of all “Semiconductors” companies are owned by institutional investors. 14.3% of Siliconware Precision Industries shares are owned by insiders. Comparatively, 6.7% of shares of all “Semiconductors” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Analyst Ratings

This is a summary of current ratings for Siliconware Precision Industries and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Siliconware Precision Industries 0 0 0 0 N/A
Siliconware Precision Industries Competitors 920 4781 8689 363 2.58

As a group, “Semiconductors” companies have a potential upside of 8.09%. Given Siliconware Precision Industries’ peers higher probable upside, analysts clearly believe Siliconware Precision Industries has less favorable growth aspects than its peers.

Profitability

This table compares Siliconware Precision Industries and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Siliconware Precision Industries 9.79% 12.42% 6.68%
Siliconware Precision Industries Competitors -46.17% 1.17% 0.88%

Valuation and Earnings

This table compares Siliconware Precision Industries and its peers revenue, earnings per share (EPS) and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
Siliconware Precision Industries $2.64 billion $302.68 million 21.81
Siliconware Precision Industries Competitors $4.27 billion $517.81 million 18.32

Siliconware Precision Industries’ peers have higher revenue and earnings than Siliconware Precision Industries. Siliconware Precision Industries is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Dividends

Siliconware Precision Industries pays an annual dividend of $0.21 per share and has a dividend yield of 2.7%. Siliconware Precision Industries pays out 58.3% of its earnings in the form of a dividend. As a group, “Semiconductors” companies pay a dividend yield of 1.4% and pay out 57.8% of their earnings in the form of a dividend.

Risk and Volatility

Siliconware Precision Industries has a beta of 0.31, meaning that its share price is 69% less volatile than the S&P 500. Comparatively, Siliconware Precision Industries’ peers have a beta of 1.05, meaning that their average share price is 5% more volatile than the S&P 500.

Siliconware Precision Industries Company Profile

Siliconware Precision Industries Co., Ltd. is a Taiwan-based company mainly engaged in the provision of packaging and testing services of integrated circuits (ICs) and related products. The Company’s businesses include the manufacture, processing, assembly, testing and importing and exporting of ICs, transistors, light emitting diode (LED) digital displays, LED lights, liquid crystal display (LCD) clock cores, phototransistors, synthesis circuits, as well as thin film circuits and thick film circuits. The Company’s packaging businesses focus on IC products, including plastic small size ICs and plastic square planar ICs, among others. Its testing businesses mainly include final testing businesses and system level testing businesses, among others.

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