Financials Browave Corporation

Equities

3163

TW0003163002

Communications & Networking

End-of-day quote Taipei Exchange 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
99 TWD +2.91% Intraday chart for Browave Corporation +7.03% +11.99%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,865 3,507 3,922 3,166 3,727 6,655
Enterprise Value (EV) 1 2,509 2,882 2,822 2,212 2,299 4,389
P/E ratio 38.1 x 25 x 17.2 x 38.9 x 8.82 x 16.3 x
Yield 1.58% 2.27% 4.72% 2.38% 8.48% 4.07%
Capitalization / Revenue 1.18 x 1.45 x 1.27 x 1.38 x 1.16 x 2.39 x
EV / Revenue 1.03 x 1.19 x 0.92 x 0.96 x 0.72 x 1.58 x
EV / EBITDA 17.5 x 13.2 x 5.65 x 11.2 x 4.16 x 13.5 x
EV / FCF 60.6 x 14.2 x 6.93 x -28 x 8.92 x 7.61 x
FCF Yield 1.65% 7.04% 14.4% -3.57% 11.2% 13.1%
Price to Book 1.85 x 2.32 x 2.09 x 1.74 x 1.69 x 2.72 x
Nbr of stocks (in thousands) 75,293 68,505 74,005 75,287 75,287 75,287
Reference price 2 38.05 51.20 53.00 42.05 49.50 88.40
Announcement Date 3/26/19 3/31/20 3/24/21 2/25/22 2/24/23 3/15/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,433 2,425 3,084 2,296 3,211 2,779
EBITDA 1 143.5 218.9 499.8 197.6 552.9 326.2
EBIT 1 53.76 130.2 404.9 107.8 473.8 240.9
Operating Margin 2.21% 5.37% 13.13% 4.69% 14.76% 8.67%
Earnings before Tax (EBT) 1 91.46 186 296.3 103.7 586.6 525.7
Net income 1 72.21 140.8 229.1 81.64 451.6 435.8
Net margin 2.97% 5.81% 7.43% 3.56% 14.07% 15.68%
EPS 2 1.000 2.050 3.078 1.082 5.611 5.410
Free Cash Flow 1 41.38 202.8 407.3 -78.88 257.7 576.5
FCF margin 1.7% 8.36% 13.21% -3.44% 8.03% 20.75%
FCF Conversion (EBITDA) 28.83% 92.64% 81.51% - 46.6% 176.74%
FCF Conversion (Net income) 57.31% 144.07% 177.8% - 57.06% 132.3%
Dividend per Share 2 0.6000 1.160 2.500 1.000 4.200 3.600
Announcement Date 3/26/19 3/31/20 3/24/21 2/25/22 2/24/23 3/15/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 356 626 1,100 954 1,427 2,266
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 41.4 203 407 -78.9 258 577
ROE (net income / shareholders' equity) 4.98% 9.43% 13.3% 4.43% 22.4% 18.1%
ROA (Net income/ Total Assets) 1.44% 3.19% 8.83% 2.27% 9.48% 4.34%
Assets 1 5,019 4,408 2,594 3,589 4,765 10,030
Book Value Per Share 2 20.50 22.10 25.30 24.10 29.40 32.50
Cash Flow per Share 2 8.620 12.10 13.60 15.40 15.40 11.20
Capex 1 89.4 87.7 96.8 51 77.5 103
Capex / Sales 3.67% 3.62% 3.14% 2.22% 2.41% 3.71%
Announcement Date 3/26/19 3/31/20 3/24/21 2/25/22 2/24/23 3/15/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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