Financials D-Link Corporation

Equities

2332

TW0002332004

Communications & Networking

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
17.7 TWD +0.28% Intraday chart for D-Link Corporation +2.91% -11.28%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,834 8,672 18,712 11,397 8,908 11,918
Enterprise Value (EV) 1 4,359 6,368 12,776 9,364 6,381 8,502
P/E ratio 73.7 x -17.1 x 15.1 x 50.4 x 82.5 x 21 x
Yield 1.66% - 1.05% 1.58% 1.51% -
Capitalization / Revenue 0.4 x 0.51 x 1.23 x 0.73 x 0.52 x 0.75 x
EV / Revenue 0.22 x 0.37 x 0.84 x 0.6 x 0.37 x 0.53 x
EV / EBITDA 11.6 x -24.6 x 66.2 x 34.3 x 9.84 x 27.1 x
EV / FCF 6.13 x 104 x 15.7 x -4.76 x 18.4 x -73.8 x
FCF Yield 16.3% 0.96% 6.37% -21% 5.43% -1.36%
Price to Book 0.85 x 1.02 x 2.02 x 1.34 x 1 x 1.31 x
Nbr of stocks (in thousands) 598,140 599,836 599,836 599,837 599,837 597,403
Reference price 2 13.10 14.46 31.20 19.00 14.85 19.95
Announcement Date 3/18/19 3/18/20 3/18/21 3/29/22 2/22/23 2/29/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 19,383 16,996 15,179 15,525 17,078 15,941
EBITDA 1 377.3 -259.2 192.9 273.1 648.4 313.3
EBIT 1 249 -384.8 80.23 169.9 552.5 126.2
Operating Margin 1.28% -2.26% 0.53% 1.09% 3.24% 0.79%
Earnings before Tax (EBT) 1 297.4 -289.6 1,497 394.7 457.6 861.1
Net income 1 106.4 -508.3 1,240 239.2 109.2 567.6
Net margin 0.55% -2.99% 8.17% 1.54% 0.64% 3.56%
EPS 2 0.1777 -0.8478 2.065 0.3769 0.1800 0.9489
Free Cash Flow 1 711.3 61.24 813.9 -1,967 346.6 -115.3
FCF margin 3.67% 0.36% 5.36% -12.67% 2.03% -0.72%
FCF Conversion (EBITDA) 188.51% - 422.04% - 53.45% -
FCF Conversion (Net income) 668.63% - 65.64% - 317.28% -
Dividend per Share 2 0.2174 - 0.3261 0.3000 0.2246 -
Announcement Date 3/18/19 3/18/20 3/18/21 3/29/22 2/22/23 2/29/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 Q3
Net sales 1 4,256 4,151 3,824
EBITDA - - -
EBIT 1 156.3 44.63 11.52
Operating Margin 3.67% 1.08% 0.3%
Earnings before Tax (EBT) - - -
Net income - - -
Net margin - - -
EPS - - -
Dividend per Share - - -
Announcement Date 5/10/23 8/14/23 11/14/23
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,475 2,303 5,937 2,033 2,526 3,416
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 711 61.2 814 -1,967 347 -115
ROE (net income / shareholders' equity) 1.53% -4.76% 14% 3.39% 2.81% 6.6%
ROA (Net income/ Total Assets) 0.89% -1.44% 0.32% 0.7% 2.31% 0.49%
Assets 1 11,899 35,215 391,514 34,308 4,733 115,315
Book Value Per Share 2 15.30 14.10 15.40 14.10 14.90 15.20
Cash Flow per Share 2 7.380 5.240 10.40 3.660 4.520 6.860
Capex 1 63.5 72.4 77.9 42.4 57.3 87.7
Capex / Sales 0.33% 0.43% 0.51% 0.27% 0.34% 0.55%
Announcement Date 3/18/19 3/18/20 3/18/21 3/29/22 2/22/23 2/29/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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