Financials WinMate Inc.

Equities

3416

TW0003416004

Electronic Equipment & Parts

End-of-day quote Taiwan S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
145 TWD +1.05% Intraday chart for WinMate Inc. -2.03% +18.37%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 5,435 5,682 6,027 9,580 11,357 -
Enterprise Value (EV) 1 5,435 5,682 6,027 9,580 11,357 11,357
P/E ratio 21.3 x 17 x - - - -
Yield - - - - - -
Capitalization / Revenue - - 2.27 x 3.86 x 3.64 x 2.98 x
EV / Revenue - - 2.27 x 3.86 x 3.64 x 2.98 x
EV / EBITDA - - - 16 x 12.3 x 8.74 x
EV / FCF - - 36.4 x 24.6 x 14.8 x -
FCF Yield - - 2.75% 4.07% 6.76% -
Price to Book - - 2.37 x 3.12 x 3.05 x -
Nbr of stocks (in thousands) 72,366 72,476 72,617 78,205 78,322 -
Reference price 2 75.10 78.40 83.00 122.5 145.0 145.0
Announcement Date 2/25/21 2/22/22 2/21/23 2/21/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - - 2,659 2,480 3,118 3,815
EBITDA 1 - - - 598.1 927 1,300
EBIT 1 - - 495.9 564.1 765.7 956
Operating Margin - - 18.65% 22.74% 24.55% 25.06%
Earnings before Tax (EBT) - - - - - -
Net income 256.1 364.7 - - - -
Net margin - - - - - -
EPS 3.520 4.620 - - - -
Free Cash Flow 1 - - 165.5 389.8 768 -
FCF margin - - 6.22% 15.72% 24.63% -
FCF Conversion (EBITDA) - - - 65.18% 82.85% -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 2/25/21 2/22/22 2/21/23 2/21/24 - -
1TWD in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 683 - 764 700.7 626 688.5 679.1 486.8 702.5 771.5 801.5 842.5 790
EBITDA - - - - - - - - - - - - -
EBIT 1 132.7 - 159 154.9 136.3 151.4 153 123.3 175.5 190.5 190.5 206 186
Operating Margin 19.43% - 20.81% 22.1% 21.77% 21.99% 22.53% 25.34% 24.98% 24.69% 23.77% 24.45% 23.54%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income - 93.22 - - - - - - - - - - -
Net margin - - - - - - - - - - - - -
EPS - 1.170 - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 11/2/21 8/2/22 11/1/22 2/21/23 5/2/23 8/1/23 11/7/23 2/21/24 - - - - -
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - 165 390 768 -
ROE (net income / shareholders' equity) - - 18.7% 18.1% 19.3% 22.9%
ROA (Net income/ Total Assets) - - 12.4% 13.2% 15.4% 18.4%
Assets - - - - - -
Book Value Per Share 2 - - 35.00 39.20 47.60 -
Cash Flow per Share - - - - - -
Capex 1 - - 163 255 150 150
Capex / Sales - - 6.15% 10.27% 4.81% 3.93%
Announcement Date 2/25/21 2/22/22 2/21/23 2/21/24 - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
145 TWD
Average target price
171 TWD
Spread / Average Target
+17.93%
Consensus

Quarterly revenue - Rate of surprise

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