MIRLE AUTOMATION CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 48.65 TWD | -2.11% |
|
+11.58% | +35.14% |
| Mar. 13 | Mirle Automation Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 12 | Mirle Automation Corporation Announces New Loan | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 8,212 | 7,763 | 8,603 | 8,554 | 7,401 | 7,039 |
| Enterprise Value (EV) 1 | 6,590 | 6,754 | 7,407 | 7,093 | 8,449 | 9,226 |
| P/E ratio | 8.62 x | 11.4 x | 16.8 x | 16.2 x | 14.4 x | 40.4 x |
| Yield | 7.86% | 6.3% | 4.55% | 5.03% | 4.76% | 1.39% |
| Capitalization / Revenue | 0.57 x | 0.62 x | 0.97 x | 0.87 x | 0.69 x | 0.8 x |
| EV / Revenue | 0.46 x | 0.54 x | 0.83 x | 0.72 x | 0.78 x | 1.05 x |
| EV / EBITDA | 5.26 x | 6.69 x | 9.35 x | 8.58 x | 16.4 x | 55.3 x |
| EV / FCF | 3.56 x | 24.1 x | 13.1 x | 11.9 x | -3.77 x | -5.91 x |
| FCF Yield | 28.1% | 4.15% | 7.62% | 8.43% | -26.5% | -16.9% |
| Price to Book | 2 x | 1.91 x | 2.1 x | 2.04 x | 1.71 x | 1.68 x |
| Nbr of stocks (in thousands) | 195,531 | 195,531 | 195,531 | 195,531 | 195,531 | 195,531 |
| Reference price 2 | 42.00 | 39.70 | 44.00 | 43.75 | 37.85 | 36.00 |
| Announcement Date | 3/26/19 | 3/20/20 | 3/23/21 | 3/18/22 | 3/16/23 | 3/13/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 14,406 | 12,507 | 8,909 | 9,861 | 10,769 | 8,813 |
| EBITDA 1 | 1,253 | 1,010 | 792.3 | 827.1 | 516.2 | 166.9 |
| EBIT 1 | 1,147 | 879.7 | 667.3 | 691.9 | 360.4 | 6.387 |
| Operating Margin | 7.96% | 7.03% | 7.49% | 7.02% | 3.35% | 0.07% |
| Earnings before Tax (EBT) 1 | 1,157 | 847.7 | 577.8 | 616.6 | 594.3 | 244 |
| Net income 1 | 953.8 | 681.7 | 513.4 | 527.9 | 514.7 | 175 |
| Net margin | 6.62% | 5.45% | 5.76% | 5.35% | 4.78% | 1.99% |
| EPS 2 | 4.870 | 3.480 | 2.620 | 2.700 | 2.630 | 0.8900 |
| Free Cash Flow 1 | 1,849 | 280.3 | 564.2 | 598.1 | -2,240 | -1,562 |
| FCF margin | 12.83% | 2.24% | 6.33% | 6.07% | -20.8% | -17.73% |
| FCF Conversion (EBITDA) | 147.52% | 27.75% | 71.21% | 72.32% | - | - |
| FCF Conversion (Net income) | 193.85% | 41.13% | 109.91% | 113.31% | - | - |
| Dividend per Share 2 | 3.300 | 2.500 | 2.000 | 2.200 | 1.800 | 0.5000 |
| Announcement Date | 3/26/19 | 3/20/20 | 3/23/21 | 3/18/22 | 3/16/23 | 3/13/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 1,048 | 2,187 |
| Net Cash position 1 | 1,622 | 1,008 | 1,196 | 1,461 | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 2.03 x | 13.1 x |
| Free Cash Flow 1 | 1,849 | 280 | 564 | 598 | -2,240 | -1,562 |
| ROE (net income / shareholders' equity) | 25% | 16.7% | 12.6% | 12.8% | 12.2% | 4.26% |
| ROA (Net income/ Total Assets) | 6.09% | 4.6% | 3.68% | 3.76% | 1.81% | 0.03% |
| Assets 1 | 15,657 | 14,804 | 13,954 | 14,032 | 28,444 | 551,959 |
| Book Value Per Share 2 | 21.00 | 20.80 | 21.00 | 21.50 | 22.10 | 21.40 |
| Cash Flow per Share 2 | 9.760 | 11.30 | 14.50 | 16.10 | 10.10 | 6.500 |
| Capex 1 | 377 | 92.9 | 341 | 274 | 481 | 117 |
| Capex / Sales | 2.62% | 0.74% | 3.82% | 2.78% | 4.46% | 1.32% |
| Announcement Date | 3/26/19 | 3/20/20 | 3/23/21 | 3/18/22 | 3/16/23 | 3/13/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +35.14% | 298M | |
| +12.62% | 83.13B | |
| +19.35% | 71.2B | |
| +20.28% | 37.69B | |
| +15.25% | 32.06B | |
| +11.57% | 27.33B | |
| +3.48% | 27.11B | |
| +2.11% | 26.01B | |
| +18.03% | 24.74B | |
| +17.57% | 24.71B |
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