U.D. ELECTRONIC CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 62.5 TWD | +0.81% |
|
+0.16% | +9.65% |
| Mar. 21 | U.D. Electronic Corp. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 07 | U.D. Electronic Corp. Announces Cash Dividend for the Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,892 | 1,867 | 2,156 | 3,372 | 2,468 | 4,474 |
| Enterprise Value (EV) 1 | 2,545 | 3,051 | 3,174 | 4,414 | 2,990 | 3,851 |
| P/E ratio | 16.2 x | 35.3 x | 24 x | 15.9 x | 7.76 x | 11.8 x |
| Yield | 4.42% | 1.87% | 4.2% | 4.73% | 7.11% | 4.33% |
| Capitalization / Revenue | 0.42 x | 0.4 x | 0.43 x | 0.55 x | 0.39 x | 0.73 x |
| EV / Revenue | 0.57 x | 0.66 x | 0.64 x | 0.72 x | 0.47 x | 0.63 x |
| EV / EBITDA | 7.21 x | 9.4 x | 7.3 x | 6.84 x | 4.2 x | 5.12 x |
| EV / FCF | -12.7 x | -10.1 x | 43.1 x | -18.4 x | 8.87 x | 3.22 x |
| FCF Yield | -7.88% | -9.86% | 2.32% | -5.45% | 11.3% | 31% |
| Price to Book | 0.72 x | 0.74 x | 0.82 x | 1.23 x | 0.78 x | 1.32 x |
| Nbr of stocks (in thousands) | 69,676 | 69,676 | 69,676 | 69,676 | 77,230 | 78,484 |
| Reference price 2 | 27.15 | 26.80 | 30.95 | 48.40 | 31.95 | 57.00 |
| Announcement Date | 3/28/19 | 3/30/20 | 3/31/21 | 3/21/22 | 3/28/23 | 3/21/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,478 | 4,658 | 4,981 | 6,165 | 6,322 | 6,124 |
| EBITDA 1 | 352.9 | 324.7 | 434.8 | 645.4 | 711.2 | 752.7 |
| EBIT 1 | 64.56 | -2.622 | 68.66 | 243.3 | 309.7 | 377.3 |
| Operating Margin | 1.44% | -0.06% | 1.38% | 3.95% | 4.9% | 6.16% |
| Earnings before Tax (EBT) 1 | 100.6 | 27.03 | 113.6 | 295.2 | 395.9 | 482.1 |
| Net income 1 | 120.2 | 53.37 | 95.36 | 240.2 | 327.4 | 384.7 |
| Net margin | 2.68% | 1.15% | 1.91% | 3.9% | 5.18% | 6.28% |
| EPS 2 | 1.673 | 0.7600 | 1.292 | 3.035 | 4.119 | 4.833 |
| Free Cash Flow 1 | -200.5 | -300.7 | 73.63 | -240.5 | 337.1 | 1,196 |
| FCF margin | -4.48% | -6.46% | 1.48% | -3.9% | 5.33% | 19.52% |
| FCF Conversion (EBITDA) | - | - | 16.93% | - | 47.4% | 158.83% |
| FCF Conversion (Net income) | - | - | 77.22% | - | 102.98% | 310.77% |
| Dividend per Share 2 | 1.200 | 0.5000 | 1.300 | 2.292 | 2.270 | 2.470 |
| Announcement Date | 3/28/19 | 3/30/20 | 3/31/21 | 3/21/22 | 3/28/23 | 3/21/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 653 | 1,184 | 1,017 | 1,041 | 522 | - |
| Net Cash position 1 | - | - | - | - | - | 622 |
| Leverage (Debt/EBITDA) | 1.851 x | 3.646 x | 2.339 x | 1.613 x | 0.7344 x | - |
| Free Cash Flow 1 | -200 | -301 | 73.6 | -240 | 337 | 1,196 |
| ROE (net income / shareholders' equity) | 2.85% | 0% | 3.48% | 8.96% | 10.1% | 11.7% |
| ROA (Net income/ Total Assets) | 0.78% | -0.03% | 0.77% | 2.67% | 3.53% | 4.54% |
| Assets 1 | 15,423 | -177,302 | 12,306 | 9,006 | 9,286 | 8,482 |
| Book Value Per Share 2 | 37.70 | 36.30 | 37.60 | 39.30 | 40.70 | 43.10 |
| Cash Flow per Share 2 | 14.00 | 8.520 | 10.10 | 4.800 | 4.930 | 18.00 |
| Capex 1 | 461 | 583 | 373 | 265 | 267 | 165 |
| Capex / Sales | 10.29% | 12.52% | 7.49% | 4.3% | 4.23% | 2.7% |
| Announcement Date | 3/28/19 | 3/30/20 | 3/31/21 | 3/21/22 | 3/28/23 | 3/21/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +9.65% | 151M | |
| +25.89% | 73.66B | |
| +60.29% | 66.97B | |
| -6.52% | 34.57B | |
| -10.04% | 28.96B | |
| -6.62% | 14.14B | |
| -11.79% | 10.07B | |
| +11.97% | 9.77B | |
| +67.76% | 8.8B | |
| +33.06% | 8.58B |
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