AEROSPACE INDUSTRIAL DEVELOPMENT CORPORATION Financials Aerospace Industrial Development Corporation
Equities
2634
TW0002634003
Aerospace & Defense
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 57.2 TWD | -1.04% |
|
+1.96% | +6.72% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 33,813 | 27,314 | 27,644 | 33,672 | 50,489 | 53,881 | - |
| Enterprise Value (EV) 1 | 54,754 | 46,201 | 43,520 | 46,491 | 50,489 | 55,756 | 58,068 |
| P/E ratio | 18.1 x | 69 x | 49.7 x | 20.7 x | 22.7 x | 18.3 x | 16.3 x |
| Yield | 3.31% | 0.69% | 1.19% | 3.02% | - | 3.48% | 4% |
| Capitalization / Revenue | 1.18 x | 1.3 x | 1.16 x | 1.11 x | 1.29 x | 1.27 x | 1.23 x |
| EV / Revenue | 1.92 x | 2.2 x | 1.83 x | 1.54 x | 1.29 x | 1.32 x | 1.33 x |
| EV / EBITDA | 14.3 x | 28.7 x | 20.5 x | 15.9 x | 11.8 x | 10.6 x | 10 x |
| EV / FCF | -42.2 x | 14.8 x | 13.3 x | 25.5 x | - | 10.6 x | -194 x |
| FCF Yield | -2.37% | 6.77% | 7.52% | 3.92% | - | 9.45% | -0.52% |
| Price to Book | 2.3 x | 1.96 x | 1.93 x | 2.13 x | - | 2.7 x | 2.76 x |
| Nbr of stocks (in thousands) | 941,867 | 941,867 | 941,867 | 941,867 | 941,967 | 941,967 | - |
| Reference price 2 | 35.90 | 29.00 | 29.35 | 35.75 | 53.60 | 57.20 | 57.20 |
| Announcement Date | 3/26/20 | 3/25/21 | 3/28/22 | 2/24/23 | 3/27/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 28,540 | 21,043 | 23,735 | 30,242 | 39,100 | 42,399 | 43,780 |
| EBITDA 1 | 3,838 | 1,610 | 2,119 | 2,921 | 4,270 | 5,272 | 5,794 |
| EBIT 1 | 2,445 | 179.8 | 491.3 | 1,507 | 2,791 | 2,947 | 3,806 |
| Operating Margin | 8.57% | 0.85% | 2.07% | 4.98% | 7.14% | 6.95% | 8.69% |
| Earnings before Tax (EBT) 1 | 2,372 | 479.6 | 674.7 | 2,041 | 2,842 | 3,670 | 4,117 |
| Net income 1 | 1,874 | 395.9 | 558 | 1,627 | 2,226 | 2,948 | 3,293 |
| Net margin | 6.57% | 1.88% | 2.35% | 5.38% | 5.69% | 6.95% | 7.52% |
| EPS 2 | 1.980 | 0.4200 | 0.5900 | 1.730 | 2.360 | 3.126 | 3.500 |
| Free Cash Flow 1 | -1,296 | 3,126 | 3,272 | 1,820 | - | 5,268 | -300 |
| FCF margin | -4.54% | 14.86% | 13.79% | 6.02% | - | 12.42% | -0.69% |
| FCF Conversion (EBITDA) | - | 194.19% | 154.43% | 62.32% | - | 99.92% | - |
| FCF Conversion (Net income) | - | 789.79% | 586.39% | 111.87% | - | 178.69% | - |
| Dividend per Share 2 | 1.190 | 0.2000 | 0.3500 | 1.080 | - | 1.990 | 2.290 |
| Announcement Date | 3/26/20 | 3/25/21 | 3/28/22 | 2/24/23 | 3/27/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 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 | 5,694 | 7,416 | 7,359 | 8,156 | 8,958 | 9,941 | 9,540 | 9,979 | 9,640 | 10,576 | 10,685 | 11,675 | 10,604 | 10,313 |
| EBITDA 1 | - | 587.1 | - | 751.8 | 656.4 | 990.8 | 1,210 | 962.2 | 1,107 | 1,520 | 1,567 | 1,631 | 1,475 | - |
| EBIT 1 | 260.9 | 404.6 | 527.4 | 398.5 | 300.4 | 646 | 840.5 | 593.7 | 710.5 | 759.2 | 803 | 887.2 | 773.8 | 912 |
| Operating Margin | 4.58% | 5.46% | 7.17% | 4.89% | 3.35% | 6.5% | 8.81% | 5.95% | 7.37% | 7.18% | 7.52% | 7.6% | 7.3% | 8.84% |
| Earnings before Tax (EBT) 1 | 264.9 | 191.5 | 736.4 | 738.6 | 317.5 | 702.5 | 962.6 | 826.1 | 350.8 | 957 | 913 | 963 | 733 | 1,001 |
| Net income 1 | 231.6 | 186.2 | 599.2 | 571.6 | 253.6 | 543.7 | 753.7 | 659.7 | 268.8 | 765 | 712 | 771 | 586 | 801 |
| Net margin | 4.07% | 2.51% | 8.14% | 7.01% | 2.83% | 5.47% | 7.9% | 6.61% | 2.79% | 7.23% | 6.66% | 6.6% | 5.53% | 7.77% |
| EPS 2 | 0.2400 | 0.2000 | 0.6300 | 0.6000 | 0.2700 | 0.5800 | 0.7900 | 0.7000 | 0.2900 | 0.8100 | 0.7600 | 0.8200 | 0.6200 | 0.8500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/5/21 | 3/28/22 | 8/5/22 | 11/7/22 | 2/24/23 | 5/10/23 | 8/7/23 | 11/6/23 | 3/27/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 20,941 | 18,887 | 15,876 | 12,820 | - | 1,876 | 4,187 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.456 x | 11.73 x | 7.493 x | 4.389 x | - | 0.3558 x | 0.7226 x |
| Free Cash Flow 1 | -1,296 | 3,126 | 3,272 | 1,820 | - | 5,268 | -300 |
| ROE (net income / shareholders' equity) | 13% | 2.76% | 3.95% | 10.8% | - | 16.4% | 17% |
| ROA (Net income/ Total Assets) | 4.36% | 0.88% | 1.32% | 3.9% | - | 6.1% | 6.39% |
| Assets 1 | 42,953 | 45,035 | 42,370 | 41,729 | - | 48,328 | 51,507 |
| Book Value Per Share 2 | 15.60 | 14.80 | 15.20 | 16.80 | - | 21.20 | 20.80 |
| Cash Flow per Share 2 | 3.700 | 2.140 | 2.520 | 2.550 | - | 4.560 | 3.630 |
| Capex 1 | 1,310 | 1,718 | 1,247 | 591 | - | 938 | 1,047 |
| Capex / Sales | 4.59% | 8.17% | 5.26% | 1.96% | - | 2.21% | 2.39% |
| Announcement Date | 3/26/20 | 3/25/21 | 3/28/22 | 2/24/23 | 3/27/24 | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
57.2
TWD
Average target price
62
TWD
Spread / Average Target
+8.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.72% | 1.67B | |
| +20.97% | 136B | |
| +11.19% | 78.83B | |
| +3.87% | 71.96B | |
| +20.04% | 51.23B | |
| +37.84% | 43.54B | |
| +2.12% | 41.17B | |
| +40.49% | 32.2B | |
| +80.21% | 24.42B | |
| +21.30% | 23.64B |
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- Financials Aerospace Industrial Development Corporation
