Professor：Shang-Tsair Chang
Author：Ting-Yu Lin
http://www.mediatek.com/tw/
Basic Information
Company Name：MediaTek Inc.
 Chairman：Ming-Kai Tsai
 General Manager：Ching-Jiang Hsieh
 Industry：Semiconductor
 Register Capital ：
13,493,701.89(thousand)
 Operating items ： Multimedia chip
sales(98.72), Other(0.63), Technology
Licensing and Technical services(0.51)

Unit: NTD Million
Basic Information
1 year yields ：2.65%
 3 year yields ：5.40%
 5 year yields ：5.18%
 After-tax earnings :10,798,322,000
 shares outstanding :1,349,370,189
 EPS : 8.0024
 P/E ratio : 40.1125

Unit: NTD Million
Compared with index
Unit: NTD Million
Historical prices
Unit: NTD Million
Recent share price
Unit: NTD Million
Net operating income
Operating margin
Net Margin(after tax)
Unit: NTD Million
2012/7/1
2012/3/1
2011/11/1
2011/7/1
2011/3/1
2010/11/1
2010/7/1
2010/3/1
2009/11/1
2009/7/1
2009/3/1
2008/11/1
2008/7/1
2008/3/1
2007/11/1
2007/7/1
2007/3/1
2006/11/1
2006/7/1
2006/3/1
2005/11/1
2005/7/1
2005/3/1
2004/11/1
2004/7/1
2004/3/1
2003/11/1
2003/7/1
2003/3/1
2002/11/1
2002/7/1
2002/3/1
2001/11/1
2001/7/1
2001/3/1
Monthly Revenue(Unconsolidated）
Revenue（Unconsolidated）
90,000,000
70
80,000,000
60
70,000,000
60,000,000
50
50,000,000
40
40,000,000
30
30,000,000
20
20,000,000
10,000,000
10
0
0
Forecast
Year
Estimated
revenue
Estimated
pre-tax
income
Estimated after- Estimate
tax earnings
d EPS
2012
64,800
17,200
15,390
11.41
2011
53,844
14,210
13,784
12.01
2010
71,988
34,000
32,980
29.98
2009
77,311
37,430
36,706
33.67
2008
68,016
22,000
20,020
18.66
2007
74,644
37,000
35,890
34.48
(Until 2012 Q3 the revenue is 45,250.358.
Estimate Q4 will adding 19,000 with Q3)
Unit: NTD Million
History Dividend
Year
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
Cash Dividends
-8.999803
19.99992
25.997924
14
19
15
11
10
8.5457
8
4
1
--
Update: 2012/10/17
Stock dividends
---0.019998
0.02
0.1
0.5
1
1
1.8097
3.5
4
4
--
Total Dividends
-8.999803
19.99992
26.017922
14.02
19.1
15.5
12
11
10.3554
11.5
8
5
-Unit: NTD Million
Dividend History
Dividend
30
25
20
15
total dividend
10
5
0
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Market opinion


Providers ： PGIA(先進全球投顧)
Date： 11/09/2012
MediaTek in high-priced shares, fluctuations in the
most stable, see 319 less than buying the risk is not
large, made ​a gentle plateau .Moreover, the recent
chart appears daily, weekly formed more than a
stock 305bracket, very good medium-and long-term
holders of the subject, MediaTek smartphone chip
market share has more than half, causing the share
price to seize the initiative because the fourth Q
likely or standard, and some support, it is
recommended that everylow (less than 319 you can
buy) shares into this year, the second wave of gains
in the broader market ended steady after!
http://www.pgia.com.tw/upload/docdl/U0007/13ae48d93d1pzMC/doc_20121109_174334_0609.pdf
Market opinion



Providers ： PGIA(先進全球投顧)
Date： 11/16/2012
Continued to build parts MediaTek (2454), the
proposed bargain (less than 319 can buy) shares
into this year, the second wave of gains in the
broader market ended steady after!
Date ： 11/23/2012
Continued hold Luen Fat Branch (2454) site?
MediaTek we recommend 319 or less can then been
two weeks, the site should have built the, the stock in
addition to the fundamentals outside, MediaTek
funded vouchers ratio is also quite high, and the
future have the opportunity to squeeze market
appears, continued to hold!
http://www.pgia.com.tw/upload/docdl/U0007/13b08c21b39gfmE/doc_20121116_182716_0921.pdf
Conclusion

According to market research firm IDC
estimates the 2012 global handset
shipments than the 2011 growth rate of
only 1.4%, the highest in nearly three
years since the lowest growth rate
performance, but at the same time,
shipments of smart phones but is
hotcase of sustained and rapid growth,
according to the estimated 2012 growth
rate could reach 45.1%, shipments
reached 717 million units.
http://cdnet.stpi.narl.org.tw/techroom/market/eetelecomm_mobile/2012/eetelecomm_mobile_12_042.htm
Conclusion
Smartphone operating system market share changes 2012-2016
Smartphon 2012 Market 2016 Market CAGR 2012 e OS
Share
Share
2016 (%)
Android
68.30%
63.80%
16.30%
iOS
18.80%
19.10%
18.80%
BlackBerry
OS
Windows
Phone
Linux
4.70%
4.10%
14.60%
2.60%
11.40%
71.30%
2.00%
1.50%
10.50%
Others
3.60%
0.10%
-100.00%
Total
100.00%
100.00%
18.30%
CAGR:Compound Annual Growth Rate
Source : IDC，2012/12
http://cdnet.stpi.narl.org.tw/techroom/market/eetelecomm_mobile/2012/eetelecomm_mobile_12_042.htm
Conclusion

MediaTek is principally engaged in the
mobile phone chip manufacturing, while
the market share of smartphones at this
stage, at birth, the barriers to entry
because of the issue during the past
year by year, and does not identify the
other focus of the migration, will soon
market toeliminated.
Thank You For
Listening …