Financials Solteam Incorporation

Equities

3484

TW0003484002

Electrical Components & Equipment

End-of-day quote Taipei Exchange 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
48.7 TWD -0.10% Intraday chart for Solteam Incorporation -3.37% +3.62%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,747 2,127 4,184 6,227 2,995 3,550
Enterprise Value (EV) 1 1,610 2,143 3,918 6,049 2,679 2,633
P/E ratio 14.2 x 13.9 x 11.7 x 11.4 x 9.02 x 32.8 x
Yield 5.19% 4.59% 5.33% 4.59% 5.82% -
Capitalization / Revenue 0.44 x 0.5 x 0.9 x 0.9 x 0.5 x 1.04 x
EV / Revenue 0.41 x 0.5 x 0.84 x 0.88 x 0.45 x 0.77 x
EV / EBITDA 5.93 x 6.46 x 6.93 x 7.72 x 5.03 x 11.8 x
EV / FCF -27.2 x 14.6 x 10.8 x 121 x 9.96 x 5.23 x
FCF Yield -3.67% 6.83% 9.3% 0.82% 10% 19.1%
Price to Book 1.01 x 1.22 x 2.12 x 2.71 x 1.18 x 1.32 x
Nbr of stocks (in thousands) 69,737 69,737 69,737 69,737 69,737 75,537
Reference price 2 25.05 30.50 60.00 89.30 42.95 47.00
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/30/23 3/29/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,944 4,246 4,658 6,912 5,977 3,414
EBITDA 1 271.7 331.5 565.6 783.6 532.1 222.7
EBIT 1 148.8 194.9 432 656.4 409.2 115.2
Operating Margin 3.77% 4.59% 9.27% 9.5% 6.85% 3.37%
Earnings before Tax (EBT) 1 143.8 180.4 399.9 645.2 406.5 179.2
Net income 1 124.4 153.8 362.5 568.8 353.3 115.4
Net margin 3.16% 3.62% 7.78% 8.23% 5.91% 3.38%
EPS 2 1.770 2.190 5.150 7.819 4.764 1.434
Free Cash Flow 1 -59.11 146.5 364.2 49.8 268.9 503.4
FCF margin -1.5% 3.45% 7.82% 0.72% 4.5% 14.75%
FCF Conversion (EBITDA) - 44.18% 64.4% 6.36% 50.53% 225.98%
FCF Conversion (Net income) - 95.23% 100.49% 8.76% 76.11% 436.35%
Dividend per Share 2 1.300 1.400 3.200 4.100 2.500 -
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/30/23 3/29/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 16.2 - - - -
Net Cash position 1 137 - 266 178 317 917
Leverage (Debt/EBITDA) - 0.0489 x - - - -
Free Cash Flow 1 -59.1 146 364 49.8 269 503
ROE (net income / shareholders' equity) 6.95% 8.39% 19.1% 26.1% 14.1% 4.39%
ROA (Net income/ Total Assets) 2.55% 3.31% 6.6% 8.07% 4.76% 1.44%
Assets 1 4,882 4,652 5,488 7,045 7,414 7,995
Book Value Per Share 2 24.80 25.00 28.30 32.90 36.20 35.60
Cash Flow per Share 2 12.90 11.70 15.90 19.40 24.60 24.20
Capex 1 46 36.5 16.4 163 336 58.2
Capex / Sales 1.17% 0.86% 0.35% 2.36% 5.62% 1.7%
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/30/23 3/29/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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