KING YUAN ELECTRONICS CO., LTD. Financials King Yuan Electronics Co., Ltd.
Equities
2449
TW0002449006
Semiconductor Equipment & Testing
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 95.5 TWD | -0.62% |
|
-3.54% | +12.49% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 45,914 | 42,490 | 54,779 | 44,263 | 103,811 | 116,772 | - | - |
| Enterprise Value (EV) 1 | 61,848 | 59,270 | 72,815 | 57,741 | 114,370 | 123,426 | 120,828 | 115,965 |
| P/E ratio | 15.2 x | 11.8 x | 10.7 x | 6.59 x | 17.9 x | 16.1 x | 13.1 x | 14 x |
| Yield | 4.79% | 5.18% | 6.7% | 9.67% | 3.77% | 4.06% | 4.9% | 4.93% |
| Capitalization / Revenue | 1.8 x | 1.47 x | 1.62 x | 1.2 x | 3.14 x | 3.1 x | 2.69 x | 2.44 x |
| EV / Revenue | 2.42 x | 2.05 x | 2.16 x | 1.57 x | 3.46 x | 3.27 x | 2.78 x | 2.43 x |
| EV / EBITDA | 5.57 x | 4.54 x | 4.6 x | 3.14 x | 6.93 x | 6.47 x | 5.58 x | 5.24 x |
| EV / FCF | -78.5 x | 40.4 x | -303 x | 6.68 x | 17.5 x | 13.8 x | 12.7 x | - |
| FCF Yield | -1.27% | 2.48% | -0.33% | 15% | 5.71% | 7.24% | 7.89% | - |
| Price to Book | 1.75 x | 1.45 x | 1.57 x | 1.23 x | 2.67 x | 2.75 x | 2.49 x | 2.44 x |
| Nbr of stocks (in thousands) | 1,222,745 | 1,222,745 | 1,222,745 | 1,222,745 | 1,222,745 | 1,222,745 | - | - |
| Reference price 2 | 37.55 | 34.75 | 44.80 | 36.20 | 84.90 | 95.50 | 95.50 | 95.50 |
| Announcement Date | 3/12/20 | 3/16/21 | 3/3/22 | 3/2/23 | 2/27/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25,539 | 28,959 | 33,759 | 36,782 | 33,025 | 37,726 | 43,463 | 47,785 |
| EBITDA 1 | 11,104 | 13,059 | 15,819 | 18,387 | 16,498 | 19,069 | 21,649 | 22,141 |
| EBIT 1 | 4,045 | 4,651 | 6,606 | 9,165 | 7,364 | 9,882 | 11,879 | 12,477 |
| Operating Margin | 15.84% | 16.06% | 19.57% | 24.92% | 22.3% | 26.19% | 27.33% | 26.11% |
| Earnings before Tax (EBT) 1 | 3,915 | 4,544 | 6,358 | 8,966 | 7,484 | 9,506 | 11,483 | 11,155 |
| Net income 1 | 3,042 | 3,637 | 5,175 | 6,837 | 5,840 | 7,358 | 9,034 | 8,312 |
| Net margin | 11.91% | 12.56% | 15.33% | 18.59% | 17.68% | 19.5% | 20.79% | 17.39% |
| EPS 2 | 2.470 | 2.940 | 4.180 | 5.490 | 4.740 | 5.943 | 7.262 | 6.798 |
| Free Cash Flow 1 | -788.1 | 1,468 | -240 | 8,639 | 6,534 | 8,941 | 9,530 | - |
| FCF margin | -3.09% | 5.07% | -0.71% | 23.49% | 19.78% | 23.7% | 21.93% | - |
| FCF Conversion (EBITDA) | - | 11.24% | - | 46.98% | 39.61% | 46.89% | 44.02% | - |
| FCF Conversion (Net income) | - | 40.36% | - | 126.36% | 111.88% | 121.52% | 105.49% | - |
| Dividend per Share 2 | 1.800 | 1.800 | 3.000 | 3.500 | 3.200 | 3.874 | 4.680 | 4.705 |
| Announcement Date | 3/12/20 | 3/16/21 | 3/3/22 | 3/2/23 | 2/27/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 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 | 8,997 | 9,534 | 8,984 | 9,928 | 9,020 | 8,850 | 7,764 | 8,167 | 8,594 | 8,500 | 8,126 | 8,947 | 10,292 | 10,784 | 9,843 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | 4,239 | 4,081 | 4,458 | 5,222 | 5,543 | 5,018 |
| EBIT 1 | 2,046 | 2,130 | 2,296 | 2,706 | 2,136 | 2,027 | 1,636 | 1,740 | 2,048 | 1,939 | 1,828 | 2,208 | 2,836 | 3,032 | 2,620 |
| Operating Margin | 22.74% | 22.35% | 25.55% | 27.25% | 23.68% | 22.91% | 21.07% | 21.31% | 23.83% | 22.82% | 22.5% | 24.68% | 27.56% | 28.11% | 26.62% |
| Earnings before Tax (EBT) 1 | 1,994 | 2,031 | 2,378 | 2,624 | 1,980 | 1,984 | - | 1,749 | - | 2,130 | 1,746 | 2,217 | 2,918 | 3,066 | 2,567 |
| Net income 1 | 1,522 | 1,642 | 1,822 | 2,014 | 1,497 | 1,504 | - | 1,543 | - | 1,568 | 1,354 | 1,685 | 2,279 | 2,364 | 2,018 |
| Net margin | 16.92% | 17.22% | 20.28% | 20.29% | 16.6% | 16.99% | - | 18.89% | - | 18.45% | 16.66% | 18.83% | 22.14% | 21.93% | 20.5% |
| EPS 2 | 1.240 | 1.330 | 1.470 | 1.630 | 1.210 | 1.200 | 0.9700 | 1.260 | - | 1.270 | 1.100 | 1.357 | 1.835 | 1.927 | 1.637 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 2.865 | 0.000820 | - |
| Announcement Date | 11/1/21 | 3/3/22 | 5/10/22 | 8/10/22 | 11/8/22 | 3/2/23 | 5/10/23 | 8/9/23 | 11/8/23 | 2/27/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 15,934 | 16,780 | 18,036 | 13,477 | 10,559 | 6,654 | 4,056 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 807 |
| Leverage (Debt/EBITDA) | 1.435 x | 1.285 x | 1.14 x | 0.733 x | 0.64 x | 0.3489 x | 0.1874 x | - |
| Free Cash Flow 1 | -788 | 1,468 | -240 | 8,639 | 6,534 | 8,941 | 9,530 | - |
| ROE (net income / shareholders' equity) | 12% | 13.1% | 16.1% | 19.5% | 15.6% | 18% | 19.7% | 18% |
| ROA (Net income/ Total Assets) | 5.95% | 6.25% | 7.75% | 9.33% | 7.88% | 11% | 11.7% | - |
| Assets 1 | 51,117 | 58,198 | 66,768 | 73,290 | 74,135 | 66,910 | 77,056 | - |
| Book Value Per Share 2 | 21.40 | 24.00 | 28.50 | 29.50 | 31.80 | 34.80 | 38.40 | 39.10 |
| Cash Flow per Share 2 | 8.780 | 10.10 | 11.10 | 15.30 | 11.60 | 13.00 | 14.40 | - |
| Capex 1 | 11,622 | 10,935 | 13,963 | 10,392 | 7,726 | 8,332 | 9,435 | - |
| Capex / Sales | 45.5% | 37.76% | 41.36% | 28.25% | 23.4% | 22.09% | 21.71% | - |
| Announcement Date | 3/12/20 | 3/16/21 | 3/3/22 | 3/2/23 | 2/27/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
95.5
TWD
Average target price
103.1
TWD
Spread / Average Target
+7.96%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.49% | 3.58B | |
| +21.50% | 95.51B | |
| +12.34% | 25.27B | |
| -8.31% | 19.53B | |
| -8.65% | 4.41B | |
| -7.63% | 3.48B | |
| -22.90% | 2.53B | |
| -0.12% | 1.19B | |
| +4.73% | 1.13B | |
| +9.66% | 1.01B |
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- Financials King Yuan Electronics Co., Ltd.
