MEDIATEK INC.

2454
End-of-day quote. End-of-day quote  - 09/28
545TWD -4.05%
Valuation
Fiscal Period: December 2021 2022
Capitalization1 1 893 347867 402
Enterprise Value (EV)1 1 713 961698 159
P/E ratio 16,9x6,93x
Yield -13,8%
Capitalization / Revenue 3,84x1,50x
EV / Revenue 3,47x1,21x
EV / EBITDA 14,4x4,68x
Price to Book 4,37x2,02x
Nbr of stocks (in thousands) 1 591 0481 591 563
Reference price (TWD) 1 190545
Announcement Date 01/27/2022-
Previous period Next period
1 TWD in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2021 2022
Net sales1 493 415578 356
EBITDA1 118 661149 199
Operating profit (EBIT)1 108 040138 222
Operating Margin 21,9%23,9%
Pre-Tax Profit (EBT)1 126 852143 048
Net income1 111 421124 637
Net margin 22,6%21,6%
EPS2 70,678,6
Dividend per Share2 -75,2
Announcement Date 01/27/2022-
Previous period Next period
1 TWD in Million
2 TWD
Estimates
Finances - Leverage
Fiscal Period: December 2021 2022
Net Debt1 --
Net Cash position1 179 386169 243
Leverage (Debt / EBITDA) -1,51x-1,13x
Free Cash Flow1 30 109118 044
ROE (Net Profit / Equities) 27,7%29,9%
Shareholders' equity1 401 924417 334
ROA (Net Profit / Asset) 18,7%18,9%
Assets1 597 393660 293
Book Value Per Share2 272270
Cash Flow per Share2 46,775,8
Capex1 16 98512 327
Capex / Sales 3,44%2,13%
Announcement Date 01/27/2022-
Previous period Next period
1 TWD in Million
2 TWD
Estimates
Financial Ratios
Size 2022e 2023e
Capitalization 867 402 M TWD -
Enterprise Value (EV) 698 159 M TWD 685 513 M TWD
Valuation 2022e 2023e
P/E ratio (Price / EPS) 6,93x 7,53x
Capitalization / Revenue 1,50x 1,45x
EV / Revenue 1,21x 1,17x
EV / EBITDA 4,68x 4,99x
Yield (DPS / Price) 13,8% 13,9%
Price to book (Price / BVPS) 2,02x 2,07x
Profitability 2022e 2023e
Operating Margin (EBIT / Sales) 23,9% 21,3%
Operating Leverage (Delta EBIT / Delta Sales) 1,62x -
Net Margin (Net Profit / Revenue) 21,6% 19,4%
ROA (Net Profit / Asset) 18,9% 17,4%
ROE (Net Profit / Equities) 29,9% 27,8%
Rate of Dividend 95,6% 105%
Balance Sheet Analysis 2022e 2023e
CAPEX / Sales   2,13% 2,30%
Cash Flow / CA 20,9% 20,3%
Capital Intensity (Assets / Revenue) 1,14x 1,12x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend