Financials MiTAC Holdings Corporation

Equities

3706

TW0003706008

Computer Hardware

End-of-day quote Taiwan S.E. 06:00:00 2024-05-19 pm EDT 5-day change 1st Jan Change
45.8 TWD -0.22% Intraday chart for MiTAC Holdings Corporation +2.12% +2.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 30,780 35,258 42,070 35,321 53,752 55,260
Enterprise Value (EV) 1 30,780 35,258 42,070 35,321 53,752 55,260
P/E ratio - 12.2 x 3.53 x 3.81 x 30.5 x 24.4 x
Yield - 3.39% 5.68% - - -
Capitalization / Revenue 0.86 x 0.86 x 1 x 0.74 x 1.51 x 1.14 x
EV / Revenue 0.86 x 0.86 x 1 x 0.74 x 1.51 x 1.14 x
EV / EBITDA 21,650,531 x 32,856,561 x 38,743,907 x -1,354,678,288 x - -
EV / FCF - - -36,568,371 x - - -
FCF Yield - - -0% - - -
Price to Book - 0.83 x 0.8 x - 2.19 x -
Nbr of stocks (in thousands) 1,188,749 1,195,178 1,195,178 1,197,306 1,206,556 1,206,556
Reference price 2 25.89 29.50 35.20 29.50 44.55 45.80
Announcement Date 2/27/20 3/8/21 2/28/22 2/28/23 2/29/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net sales 1 35,832 41,146 42,186 47,833 35,536 48,684
EBITDA 1,422 1,073 1,086 -26.07 - -
EBIT 1 501 74.38 41.78 -1,189 67.7 611
Operating Margin 1.4% 0.18% 0.1% -2.49% 0.19% 1.26%
Earnings before Tax (EBT) 1 - 2,980 - 11,338 2,001 2,845
Net income 1 - 2,919 11,961 9,294 1,784 2,272
Net margin - 7.09% 28.35% 19.43% 5.02% 4.67%
EPS 2 - 2.420 9.960 7.750 1.460 1.880
Free Cash Flow - - -1,150 - - -
FCF margin - - -2.73% - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - 1.000 2.000 - - -
Announcement Date 2/27/20 3/8/21 2/28/22 2/28/23 2/29/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 9,432 11,313 11,547 12,345 12,628 9,023 10,256 11,329 4,927 9,654 11,604 12,822 13,207
EBITDA 334.9 344.7 191.7 516.5 -1,079 158.6 429.3 - - - - - -
EBIT 1 70.14 68.38 -93.09 224 -1,388 -126.3 143.3 -47.55 98.28 55.03 78 232 235
Operating Margin 0.74% 0.6% -0.81% 1.81% -10.99% -1.4% 1.4% -0.42% 1.99% 0.57% 0.67% 1.81% 1.78%
Earnings before Tax (EBT) 1 - 677.9 636.4 11,096 -1,072 206.5 750.6 806.3 237.8 838.8 609 848 856
Net income 1 538.7 531.9 526.7 8,582 -346.2 152.5 710 624 297.2 691.8 486 677 684
Net margin 5.71% 4.7% 4.56% 69.52% -2.74% 1.69% 6.92% 5.51% 6.03% 7.17% 4.19% 5.28% 5.18%
EPS 2 0.4500 0.4400 0.4400 7.160 -0.2900 0.1200 0.5900 0.5200 0.2400 0.5700 0.4000 0.5600 0.5700
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/28/22 5/12/22 8/12/22 11/9/22 2/28/23 5/14/23 8/14/23 11/13/23 2/29/24 5/15/24 - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - -1,150 - - -
ROE (net income / shareholders' equity) 7.14% 7.1% 25.1% - - -
ROA (Net income/ Total Assets) 5.09% - - - - -
Assets 1 - - - - - -
Book Value Per Share - 35.70 44.00 - 20.30 -
Cash Flow per Share - 1.620 -0.1200 - - -
Capex 1,605 - 1,006 - - -
Capex / Sales 4.48% - 2.38% - - -
Announcement Date 2/27/20 3/8/21 2/28/22 2/28/23 2/29/24 -
1TWD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
45.8 TWD
Average target price
40 TWD
Spread / Average Target
-12.66%
Consensus
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