EVA AIRWAYS CORP.

2618
End-of-day quote. End-of-day quote  - 09/23
32.75TWD -3.39%
Valuation
Fiscal Period: December 2021 2022
Capitalization1 143 622175 089
Enterprise Value (EV)1 204 048207 831
P/E ratio 21,7x16,5x
Yield 2,15%2,85%
Capitalization / Revenue 1,38x1,28x
EV / Revenue 1,96x1,52x
EV / EBITDA 5,26x4,96x
Price to Book 1,68x1,92x
Nbr of stocks (in thousands) 5 138 5395 346 226
Reference price (TWD) 28,032,8
Announcement Date 03/14/2022-
Previous period Next period
1 TWD in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2021 2022
Net sales1 103 872136 801
EBITDA1 38 78341 869
Operating profit (EBIT)1 10 35816 891
Operating Margin 9,97%12,3%
Pre-Tax Profit (EBT)1 7 80211 948
Net income1 6 60810 454
Net margin 6,36%7,64%
EPS2 1,291,99
Dividend per Share2 0,600,93
Announcement Date 03/14/2022-
Previous period Next period
1 TWD in Million
2 TWD
Estimates
Finances - Leverage
Fiscal Period: December 2021 2022
Net Debt1 60 42532 742
Net Cash position1 --
Leverage (Debt / EBITDA) 1,56x0,78x
Free Cash Flow1 22 14824 336
ROE (Net Profit / Equities) 8,45%11,8%
Shareholders' equity1 78 22788 299
ROA (Net Profit / Asset) 2,02%2,49%
Assets1 327 445419 852
Book Value Per Share2 16,717,1
Cash Flow per Share2 6,817,32
Capex1 12 82714 209
Capex / Sales 12,3%10,4%
Announcement Date 03/14/2022-
Previous period Next period
1 TWD in Million
2 TWD
Estimates
Financial Ratios
Size 2022e 2023e
Capitalization 175 089 M TWD -
Enterprise Value (EV) 207 831 M TWD 219 878 M TWD
Valuation 2022e 2023e
P/E ratio (Price / EPS) 16,5x 15,7x
Capitalization / Revenue 1,28x 1,06x
EV / Revenue 1,52x 1,26x
EV / EBITDA 4,96x 4,79x
Yield (DPS / Price) 2,85% 2,32%
Price to book (Price / BVPS) 1,92x 1,78x
Profitability 2022e 2023e
Operating Margin (EBIT / Sales) 12,3% 12,0%
Operating Leverage (Delta EBIT / Delta Sales) 1,99x 0,84x
Net Margin (Net Profit / Revenue) 7,64% 6,71%
ROA (Net Profit / Asset) 2,49% 3,07%
ROE (Net Profit / Equities) 11,8% 11,5%
Rate of Dividend 47,1% 36,5%
Balance Sheet Analysis 2022e 2023e
CAPEX / Sales   10,4% 9,70%
Cash Flow / CA 28,6% 19,7%
Capital Intensity (Assets / Revenue) 3,07x 2,18x
Financial Leverage (Net Debt / EBITDA) 0,78x 1,03x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend