Financials Ventec International Group Co.,Ltd.

Equities

6672

KYG9353A1040

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
85 TWD -0.58% Intraday chart for Ventec International Group Co.,Ltd. +3.28% -5.76%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,445 6,719 4,859 9,539 5,381 6,444
Enterprise Value (EV) 1 5,170 6,660 4,843 9,740 5,118 5,735
P/E ratio 10.3 x 14 x 13 x 11.6 x 11.6 x 15 x
Yield 5.32% 5.26% 4.71% 4.94% 4.78% 3.71%
Capitalization / Revenue 0.82 x 1.23 x 1.01 x 1.24 x 0.96 x 1.36 x
EV / Revenue 0.96 x 1.22 x 1 x 1.27 x 0.91 x 1.21 x
EV / EBITDA 8.22 x 8.96 x 7.38 x 8.06 x 7.57 x 9.3 x
EV / FCF 8.54 x 11.1 x 10.6 x -43 x 4.37 x 10.5 x
FCF Yield 11.7% 9.03% 9.44% -2.32% 22.9% 9.49%
Price to Book 2.53 x 2.85 x 1.98 x 3.13 x 1.74 x 2 x
Nbr of stocks (in thousands) 64,614 70,654 71,454 71,454 71,454 71,438
Reference price 2 68.80 95.10 68.00 133.5 75.30 90.20
Announcement Date 3/20/19 3/16/20 3/15/21 3/14/22 3/29/23 3/12/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,414 5,453 4,830 7,667 5,613 4,740
EBITDA 1 629.2 743.7 656 1,209 675.7 616.5
EBIT 1 487.4 621.8 532 1,076 529.1 482.7
Operating Margin 9% 11.4% 11.01% 14.04% 9.43% 10.18%
Earnings before Tax (EBT) 1 500.1 603.2 470.9 1,048 567.2 539.9
Net income 1 405.3 471.7 373.3 827.8 466.4 431.7
Net margin 7.49% 8.65% 7.73% 10.8% 8.31% 9.11%
EPS 2 6.700 6.800 5.250 11.51 6.470 6.000
Free Cash Flow 1 605.7 601.3 457.3 -226.4 1,170 544.4
FCF margin 11.19% 11.03% 9.47% -2.95% 20.85% 11.48%
FCF Conversion (EBITDA) 96.27% 80.85% 69.71% - 173.16% 88.3%
FCF Conversion (Net income) 149.45% 127.47% 122.51% - 250.85% 126.11%
Dividend per Share 2 3.660 5.000 3.200 6.600 3.600 3.350
Announcement Date 3/20/19 3/16/20 3/15/21 3/14/22 3/29/23 3/12/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2023 Q2 2023 Q3
Net sales 1 2,047 1,898 1,235 1,234
EBITDA - - - -
EBIT 1 294.1 131.2 104.6 161
Operating Margin 14.36% 6.91% 8.47% 13.04%
Earnings before Tax (EBT) - - - -
Net income - - - -
Net margin - - - -
EPS - - - -
Dividend per Share - - - -
Announcement Date 11/8/21 3/16/22 8/7/23 11/10/23
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 725 - - 201 - -
Net Cash position 1 - 59.1 16.1 - 262 709
Leverage (Debt/EBITDA) 1.152 x - - 0.1662 x - -
Free Cash Flow 1 606 601 457 -226 1,170 544
ROE (net income / shareholders' equity) 27.9% 22.9% 15.5% 30.1% 15.2% 13.7%
ROA (Net income/ Total Assets) 7.11% 9.17% 7.66% 12.6% 5.9% 6.23%
Assets 1 5,701 5,146 4,871 6,554 7,899 6,931
Book Value Per Share 2 27.20 33.40 34.30 42.70 43.30 45.10
Cash Flow per Share 2 5.030 6.210 7.740 6.880 8.820 11.30
Capex 1 60.2 60.3 166 158 85.4 82.8
Capex / Sales 1.11% 1.11% 3.44% 2.06% 1.52% 1.75%
Announcement Date 3/20/19 3/16/20 3/15/21 3/14/22 3/29/23 3/12/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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