Financials Audix Corporation

Equities

2459

TW0002459005

Electronic Equipment & Parts

End-of-day quote Taiwan S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
72.5 TWD -1.09% Intraday chart for Audix Corporation +1.68% +14.72%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,831 4,612 4,838 6,293 5,406 6,674
Enterprise Value (EV) 1 2,632 3,543 3,018 4,446 4,251 5,541
P/E ratio 8.9 x 10.4 x 10.9 x 11.9 x 9.48 x 11.6 x
Yield 8.4% 6.89% 7.18% 5.87% 7.42% 6.33%
Capitalization / Revenue 0.44 x 0.61 x 0.76 x 0.9 x 0.69 x 0.9 x
EV / Revenue 0.3 x 0.47 x 0.47 x 0.64 x 0.54 x 0.75 x
EV / EBITDA 3.25 x 4.08 x 3.18 x 4.17 x 3.12 x 5.45 x
EV / FCF 8.16 x 7.33 x 3.08 x 10.5 x 9.93 x 7.86 x
FCF Yield 12.3% 13.6% 32.4% 9.49% 10.1% 12.7%
Price to Book 0.85 x 1.05 x 1.08 x 1.36 x 1.05 x 1.26 x
Nbr of stocks (in thousands) 107,301 105,901 105,291 105,596 105,596 105,596
Reference price 2 35.70 43.55 45.95 59.60 51.20 63.20
Announcement Date 3/28/19 3/30/20 3/29/21 3/29/22 3/29/23 3/14/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 8,792 7,569 6,365 6,987 7,853 7,420
EBITDA 1 810.3 867.6 948.3 1,066 1,364 1,017
EBIT 1 525.2 576.7 663.9 749 1,029 730
Operating Margin 5.97% 7.62% 10.43% 10.72% 13.11% 9.84%
Earnings before Tax (EBT) 1 652.8 660 684.8 865.2 1,097 930.5
Net income 1 431.6 445.2 448.7 529.5 573.3 576.8
Net margin 4.91% 5.88% 7.05% 7.58% 7.3% 7.77%
EPS 2 4.010 4.190 4.230 5.000 5.400 5.440
Free Cash Flow 1 322.7 483.1 979.3 421.7 428.2 704.8
FCF margin 3.67% 6.38% 15.39% 6.04% 5.45% 9.5%
FCF Conversion (EBITDA) 39.83% 55.69% 103.27% 39.54% 31.41% 69.31%
FCF Conversion (Net income) 74.78% 108.53% 218.24% 79.64% 74.7% 122.19%
Dividend per Share 2 3.000 3.000 3.300 3.500 3.800 4.000
Announcement Date 3/28/19 3/30/20 3/29/21 3/29/22 3/29/23 3/14/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,199 1,069 1,820 1,848 1,155 1,132
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 323 483 979 422 428 705
ROE (net income / shareholders' equity) 10.4% 10.5% 10.5% 12.1% 12.5% 10.7%
ROA (Net income/ Total Assets) 3.99% 4.3% 4.81% 5.17% 6.51% 4.45%
Assets 1 10,812 10,350 9,331 10,237 8,810 12,959
Book Value Per Share 2 41.80 41.40 42.70 43.70 49.00 50.00
Cash Flow per Share 2 12.40 28.40 18.50 16.20 15.10 17.30
Capex 1 192 104 199 233 222 124
Capex / Sales 2.18% 1.37% 3.13% 3.34% 2.83% 1.68%
Announcement Date 3/28/19 3/30/20 3/29/21 3/29/22 3/29/23 3/14/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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