Financials ABC Taiwan Electronics Corp.

Equities

3236

TW0003236006

Electronic Equipment & Parts

End-of-day quote Taipei Exchange 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
22.15 TWD +9.93% Intraday chart for ABC Taiwan Electronics Corp. +11.59% -3.06%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,068 2,030 2,602 2,374 2,151 2,399
Enterprise Value (EV) 1 1,970 2,051 2,693 2,767 2,545 2,762
P/E ratio 13.7 x 47.5 x 35.4 x 25.3 x 10.6 x 65.3 x
Yield 1.45% 2.29% 2.32% 2.35% 1.04% 0.96%
Capitalization / Revenue 0.82 x 1.12 x 1.29 x 0.96 x 0.71 x 1.2 x
EV / Revenue 0.78 x 1.13 x 1.33 x 1.12 x 0.84 x 1.39 x
EV / EBITDA 5.84 x 9.97 x 12.5 x 10 x 6.79 x 13.8 x
EV / FCF -97.5 x -34.3 x -91.5 x -10.9 x -46.7 x 61.4 x
FCF Yield -1.03% -2.91% -1.09% -9.19% -2.14% 1.63%
Price to Book 1.58 x 1.57 x 1.97 x 1.79 x 1.44 x 1.61 x
Nbr of stocks (in thousands) 105,001 105,001 105,001 105,001 105,001 105,001
Reference price 2 19.70 19.34 24.78 22.61 20.49 22.85
Announcement Date 4/1/19 3/31/20 3/25/21 3/23/22 3/22/23 3/13/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,516 1,816 2,021 2,478 3,033 1,992
EBITDA 1 337.4 205.8 214.8 275.8 374.9 199.4
EBIT 1 250.4 103.1 101.4 148.3 225.5 35.34
Operating Margin 9.95% 5.67% 5.02% 5.99% 7.43% 1.77%
Earnings before Tax (EBT) 1 245.2 77.6 108.8 136.6 294 53.45
Net income 1 153.2 42.96 73.86 94.76 208 37.36
Net margin 6.09% 2.37% 3.66% 3.82% 6.86% 1.88%
EPS 2 1.435 0.4071 0.6991 0.8938 1.938 0.3500
Free Cash Flow 1 -20.2 -59.72 -29.44 -254.2 -54.54 44.97
FCF margin -0.8% -3.29% -1.46% -10.25% -1.8% 2.26%
FCF Conversion (EBITDA) - - - - - 22.55%
FCF Conversion (Net income) - - - - - 120.37%
Dividend per Share 2 0.2855 0.4425 0.5752 0.5310 0.2124 0.2200
Announcement Date 4/1/19 3/31/20 3/25/21 3/23/22 3/22/23 3/13/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 20.6 91 393 394 362
Net Cash position 1 98.3 - - - - -
Leverage (Debt/EBITDA) - 0.1003 x 0.4236 x 1.423 x 1.05 x 1.817 x
Free Cash Flow 1 -20.2 -59.7 -29.4 -254 -54.5 45
ROE (net income / shareholders' equity) 12.2% 3.3% 5.65% 7.17% 14.8% 2.5%
ROA (Net income/ Total Assets) 6.48% 2.56% 2.45% 3.3% 4.6% 0.7%
Assets 1 2,364 1,676 3,019 2,870 4,526 5,366
Book Value Per Share 2 12.50 12.30 12.60 12.60 14.20 14.20
Cash Flow per Share 2 6.790 6.180 6.290 5.090 5.880 7.500
Capex 1 295 290 203 356 381 236
Capex / Sales 11.74% 15.95% 10.04% 14.35% 12.56% 11.82%
Announcement Date 4/1/19 3/31/20 3/25/21 3/23/22 3/22/23 3/13/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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