ADDCN TECHNOLOGY CO., LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 201.5 TWD | 0.00% |
|
+0.75% | +1.26% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,239 | 9,146 | 11,443 | 9,651 | 11,119 | 11,259 | - |
| Enterprise Value (EV) 1 | 8,999 | 8,421 | 10,585 | 9,651 | 11,119 | 11,259 | 11,259 |
| P/E ratio | 17.1 x | 14.6 x | 18.6 x | 14.6 x | 15.8 x | 14.4 x | 13 x |
| Yield | 5.32% | 5.63% | 5.02% | - | - | - | - |
| Capitalization / Revenue | 6.97 x | 5.94 x | 6.79 x | 4.93 x | 5.17 x | 4.73 x | 4.25 x |
| EV / Revenue | 6.97 x | 5.94 x | 6.79 x | 4.93 x | 5.17 x | 4.73 x | 4.25 x |
| EV / EBITDA | 13.4 x | 11.8 x | 15 x | 11.1 x | 11.7 x | - | - |
| EV / FCF | 19,382,353 x | 12,998,425 x | 17,134,858 x | - | - | - | - |
| FCF Yield | 0% | 0% | 0% | - | - | - | - |
| Price to Book | 5.85 x | 5.03 x | 4.9 x | - | - | - | - |
| Nbr of stocks (in thousands) | 55,408 | 55,880 | 55,878 | 55,875 | 55,874 | 55,874 | - |
| Reference price 2 | 184.8 | 163.7 | 204.8 | 172.7 | 199.0 | 201.5 | 201.5 |
| Announcement Date | 3/30/20 | 3/29/21 | 3/31/22 | 3/31/23 | 3/29/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,468 | 1,540 | 1,685 | 1,958 | 2,150 | 2,381 | 2,646 |
| EBITDA 1 | 764.1 | 774.7 | 763.5 | 872.3 | 952.2 | - | - |
| EBIT 1 | 717.1 | 721.6 | 708 | 757.7 | 834.8 | 922 | 1,029 |
| Operating Margin | 48.85% | 46.86% | 42.03% | 38.69% | 38.83% | 38.72% | 38.89% |
| Earnings before Tax (EBT) 1 | 755.6 | 778.8 | 764.9 | 819.6 | 898.9 | 982 | 1,089 |
| Net income 1 | 601.2 | 627.4 | 612.4 | 664.5 | 710.8 | 781 | 866 |
| Net margin | 40.95% | 40.75% | 36.35% | 33.93% | 33.06% | 32.8% | 32.73% |
| EPS 2 | 10.79 | 11.24 | 11.03 | 11.83 | 12.62 | 13.98 | 15.49 |
| Free Cash Flow | 528.3 | 703.6 | 667.8 | - | - | - | - |
| FCF margin | 35.99% | 45.7% | 39.64% | - | - | - | - |
| FCF Conversion (EBITDA) | 69.14% | 90.82% | 87.47% | - | - | - | - |
| FCF Conversion (Net income) | 87.88% | 112.15% | 109.04% | - | - | - | - |
| Dividend per Share | 9.836 | 9.221 | 10.27 | - | - | - | - |
| Announcement Date | 3/30/20 | 3/29/21 | 3/31/22 | 3/31/23 | 3/29/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 421.2 | 471.6 | 446.4 | 488.9 | 507.2 | 515.9 | 493.7 | 542.5 | 560.7 | 552.9 | 513 | 582 | 639 | 648 | 636 |
| EBITDA | 177.5 | 211.2 | 192.5 | 206 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 163.7 | 197.5 | 178.8 | 192.2 | 197.8 | 188.9 | 193.8 | 213.9 | 234.6 | 192.4 | 190 | 221 | 255 | 256 | 254 |
| Operating Margin | 38.87% | 41.88% | 40.06% | 39.32% | 38.99% | 36.61% | 39.26% | 39.43% | 41.84% | 34.8% | 37.04% | 37.97% | 39.91% | 39.51% | 39.94% |
| Earnings before Tax (EBT) 1 | 176.1 | 215.5 | 189.6 | 210.1 | 214.2 | 205.7 | 206.5 | 235.3 | 246.9 | 210.3 | 205 | 236 | 270 | 271 | 269 |
| Net income 1 | 141.2 | 171 | 151.9 | 172.4 | 172.5 | 167.8 | 165.8 | 188.9 | 198.5 | 157.7 | 164 | 188 | 214 | 215 | 214 |
| Net margin | 33.54% | 36.26% | 34.04% | 35.26% | 34% | 32.52% | 33.57% | 34.82% | 35.39% | 28.52% | 31.97% | 32.3% | 33.49% | 33.18% | 33.65% |
| EPS 2 | 2.536 | 1.600 | 2.718 | 3.091 | 3.091 | 2.964 | 2.955 | 3.382 | 3.550 | 2.760 | 2.930 | 3.360 | 3.830 | 3.850 | 3.820 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/15/21 | 3/31/22 | 5/16/22 | 8/15/22 | 11/14/22 | 3/31/23 | 5/15/23 | 8/14/23 | 11/14/23 | 3/29/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | 1,240 | 725 | 857 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | 528 | 704 | 668 | - | - | - | - |
| ROE (net income / shareholders' equity) | 34.8% | 35.2% | 32.3% | 34.6% | 36.4% | 33.3% | 34.1% |
| ROA (Net income/ Total Assets) | 22.1% | 22.2% | 19.8% | 20.4% | 20.8% | 19.5% | 20.7% |
| Assets 1 | 2,720 | 2,823 | 3,086 | 3,264 | 3,424 | 4,007 | 4,192 |
| Book Value Per Share | 31.60 | 32.50 | 41.80 | - | - | - | - |
| Cash Flow per Share | 11.70 | 13.60 | 13.70 | - | - | - | - |
| Capex 1 | 96 | 56.6 | 99.6 | 23.5 | 39 | 24 | 24 |
| Capex / Sales | 6.54% | 3.68% | 5.91% | 1.2% | 1.82% | 1.01% | 0.91% |
| Announcement Date | 3/30/20 | 3/29/21 | 3/31/22 | 3/31/23 | 3/29/24 | - | - |
1TWD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
201.5
TWD
Average target price
237
TWD
Spread / Average Target
+17.62%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +1.26% | 347M | |
| -13.31% | 189B | |
| +1.32% | 167B | |
| +1.61% | 151B | |
| +3.52% | 99.18B | |
| +21.81% | 73.42B | |
| -8.21% | 70.16B | |
| -19.62% | 52.69B | |
| -8.05% | 44.15B | |
| +7.34% | 36.51B |
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- Financials ADDCN Technology Co., Ltd
