Financials WT Microelectronics Co., Ltd.

Equities

3036

TW0003036000

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-05-09 pm EDT 5-day change 1st Jan Change
121.5 TWD -0.82% Intraday chart for WT Microelectronics Co., Ltd. -19.00% +8.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 24,853 37,198 58,631 53,984 99,821 107,805 -
Enterprise Value (EV) 1 24,853 37,198 58,631 105,777 109,890 127,178 124,525
P/E ratio - - 7.54 x 7.1 x 26.5 x 16.6 x 9.45 x
Yield - - - - 3.77% 3.25% 6.18%
Capitalization / Revenue 0.07 x 0.11 x - 0.09 x 0.17 x 0.11 x 0.09 x
EV / Revenue 0.07 x 0.11 x - 0.19 x 0.18 x 0.13 x 0.11 x
EV / EBITDA 4.48 x 6.61 x - 8.66 x 12.6 x 7.27 x 4.83 x
EV / FCF 9.01 x -21.1 x - -16.7 x 2.69 x -3.9 x 4.23 x
FCF Yield 11.1% -4.74% - -6% 37.1% -25.6% 23.6%
Price to Book 1.05 x 0.69 x - 1 x 1.4 x 1.66 x 1.39 x
Nbr of stocks (in thousands) 590,336 923,026 797,707 883,530 887,302 887,288 -
Reference price 2 42.10 40.30 73.50 61.10 112.5 121.5 121.5
Announcement Date 2/17/20 2/26/21 2/24/22 2/23/23 1/31/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 335,187 353,152 - 571,197 594,519 949,657 1,150,834
EBITDA 1 5,551 5,627 - 12,221 8,756 17,490 25,758
EBIT 1 5,253 5,316 - 11,783 8,200 15,384 22,209
Operating Margin 1.57% 1.51% - 2.06% 1.38% 1.62% 1.93%
Earnings before Tax (EBT) 1 - - - 9,911 5,195 10,017 17,253
Net income 1 - - 7,923 7,631 4,012 7,631 13,319
Net margin - - - 1.34% 0.67% 0.8% 1.16%
EPS 2 - - 9.750 8.610 4.240 7.333 12.86
Free Cash Flow 1 2,758 -1,762 - -6,349 40,800 -32,607 29,446
FCF margin 0.82% -0.5% - -1.11% 6.86% -3.43% 2.56%
FCF Conversion (EBITDA) 49.68% - - - 465.98% - 114.32%
FCF Conversion (Net income) - - - - 1,016.94% - 221.09%
Dividend per Share 2 - - - - 4.240 3.950 7.510
Announcement Date 2/17/20 2/26/21 2/24/22 2/23/23 1/31/24 - -
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 2025 Q1 2025 Q2
Net sales 1 - 127,943 130,121 155,669 157,465 120,103 117,460 167,260 189,696 192,651 235,489 257,681 263,835 249,562 256,538
EBITDA 1 - - - - 2,763 2,115 2,177 2,402 2,061 2,748 4,008 4,470 4,841 - -
EBIT 1 - 3,016 3,219 2,921 2,627 1,983 2,041 2,259 1,917 2,611 4,077 4,306 4,392 4,431 4,475
Operating Margin - 2.36% 2.47% 1.88% 1.67% 1.65% 1.74% 1.35% 1.01% 1.36% 1.73% 1.67% 1.66% 1.78% 1.74%
Earnings before Tax (EBT) 1 - - - - 1,567 977.1 1,336 1,623 1,259 1,982 2,279 2,606 2,785 3,324 3,367
Net income 1 2,108 2,218 - - 1,148 723.3 965.1 1,280 1,044 1,590 1,791 2,042 2,182 2,628 2,631
Net margin - 1.73% - - 0.73% 0.6% 0.82% 0.77% 0.55% 0.83% 0.76% 0.79% 0.83% 1.05% 1.03%
EPS 2 2.590 2.740 - - 1.280 0.8200 0.7900 1.450 1.180 1.570 1.567 1.983 2.120 2.570 2.570
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/24/22 5/9/22 8/5/22 10/28/22 2/23/23 5/4/23 8/2/23 11/2/23 1/31/24 5/7/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - 51,793 10,068 19,373 16,720
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - - 4.238 x 1.15 x 1.108 x 0.6491 x
Free Cash Flow 1 2,758 -1,762 - -6,349 40,800 -32,607 29,447
ROE (net income / shareholders' equity) 11.2% 10.9% - 14.1% 6.32% 8.13% 12.9%
ROA (Net income/ Total Assets) 2.59% 3.27% - 4.09% 1.72% 1.88% 3.18%
Assets 1 - - - 186,776 232,688 405,187 419,276
Book Value Per Share 2 40.10 58.50 - 61.20 80.10 73.20 87.10
Cash Flow per Share 2 - - - -7.060 45.70 -9.140 8.060
Capex 1 110 106 - 310 228 292 322
Capex / Sales 0.03% 0.03% - 0.05% 0.04% 0.03% 0.03%
Announcement Date 2/17/20 2/26/21 2/24/22 2/23/23 1/31/24 - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
121.5 TWD
Average target price
170 TWD
Spread / Average Target
+39.92%
Consensus
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