AEROSPACE INDUSTRIAL DEVELOPMENT CORPORATION Financials Aerospace Industrial Development Corporation
Equities
2634
TW0002634003
Aerospace & Defense
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 57 TWD | -0.70% |
|
+6.94% | +6.34% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 33,813 | 27,314 | 27,644 | 33,672 | 50,489 | 53,692 | - |
| Enterprise Value (EV) 1 | 54,754 | 46,201 | 43,520 | 46,491 | 53,569 | 55,984 | 55,098 |
| P/E ratio | 18.1 x | 69 x | 49.7 x | 20.7 x | 22.7 x | 18 x | 16.1 x |
| Yield | 3.31% | 0.69% | 1.19% | 3.02% | 2.65% | 3.93% | 4.07% |
| Capitalization / Revenue | 1.18 x | 1.3 x | 1.16 x | 1.11 x | 1.29 x | 1.26 x | 1.2 x |
| EV / Revenue | 1.92 x | 2.2 x | 1.83 x | 1.54 x | 1.37 x | 1.32 x | 1.23 x |
| EV / EBITDA | 14.3 x | 28.7 x | 20.5 x | 15.9 x | 12.5 x | 10.6 x | 9.42 x |
| EV / FCF | -42.2 x | 14.8 x | 13.3 x | 25.5 x | 19.7 x | 19.1 x | 19.6 x |
| FCF Yield | -2.37% | 6.77% | 7.52% | 3.92% | 5.07% | 5.23% | 5.1% |
| Price to Book | 2.3 x | 1.96 x | 1.93 x | 2.13 x | 2.95 x | 2.69 x | 2.79 x |
| Nbr of stocks (in thousands) | 941,867 | 941,867 | 941,867 | 941,867 | 941,967 | 941,967 | - |
| Reference price 2 | 35.90 | 29.00 | 29.35 | 35.75 | 53.60 | 57.00 | 57.00 |
| Announcement Date | 3/26/20 | 3/25/21 | 3/28/22 | 2/24/23 | 3/27/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 28,540 | 21,043 | 23,735 | 30,242 | 39,100 | 42,542 | 44,718 |
| EBITDA 1 | 3,838 | 1,610 | 2,119 | 2,921 | 4,270 | 5,268 | 5,848 |
| EBIT 1 | 2,445 | 179.8 | 491.3 | 1,507 | 2,791 | 3,220 | 3,860 |
| Operating Margin | 8.57% | 0.85% | 2.07% | 4.98% | 7.14% | 7.57% | 8.63% |
| Earnings before Tax (EBT) 1 | 2,372 | 479.6 | 674.7 | 2,041 | 2,842 | 3,764 | 4,153 |
| Net income 1 | 1,874 | 395.9 | 558 | 1,627 | 2,226 | 2,990 | 3,322 |
| Net margin | 6.57% | 1.88% | 2.35% | 5.38% | 5.69% | 7.03% | 7.43% |
| EPS 2 | 1.980 | 0.4200 | 0.5900 | 1.730 | 2.360 | 3.170 | 3.530 |
| Free Cash Flow 1 | -1,296 | 3,126 | 3,272 | 1,820 | 2,717 | 2,929 | 2,812 |
| FCF margin | -4.54% | 14.86% | 13.79% | 6.02% | 6.95% | 6.89% | 6.29% |
| FCF Conversion (EBITDA) | - | 194.19% | 154.43% | 62.32% | 63.63% | 55.6% | 48.07% |
| FCF Conversion (Net income) | - | 789.79% | 586.39% | 111.87% | 122.07% | 97.96% | 84.63% |
| Dividend per Share 2 | 1.190 | 0.2000 | 0.3500 | 1.080 | 1.420 | 2.240 | 2.320 |
| Announcement Date | 3/26/20 | 3/25/21 | 3/28/22 | 2/24/23 | 3/27/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 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 | 7,416 | 7,359 | 8,156 | 8,958 | 9,941 | 9,540 | 9,979 | 9,640 | 10,576 | 10,490 | 11,012 | 10,846 | 10,313 |
| EBITDA 1 | 587.1 | - | 751.8 | 656.4 | 990.8 | 1,210 | 962.2 | 1,107 | 1,161 | 1,567 | 1,631 | 1,475 | - |
| EBIT 1 | 404.6 | 527.4 | 398.5 | 300.4 | 646 | 840.5 | 593.7 | 710.5 | 768.6 | 816.5 | 889.5 | 762 | 912 |
| Operating Margin | 5.46% | 7.17% | 4.89% | 3.35% | 6.5% | 8.81% | 5.95% | 7.37% | 7.27% | 7.78% | 8.08% | 7.03% | 8.84% |
| Earnings before Tax (EBT) 1 | 191.5 | 736.4 | 738.6 | 317.5 | 702.5 | 962.6 | 826.1 | 350.8 | 1,037 | 926 | 986 | 856 | 1,001 |
| Net income 1 | 186.2 | 599.2 | 571.6 | 253.6 | 543.7 | 753.7 | 659.7 | 268.8 | 804.2 | 731.5 | 789 | 684.5 | 801 |
| Net margin | 2.51% | 8.14% | 7.01% | 2.83% | 5.47% | 7.9% | 6.61% | 2.79% | 7.6% | 6.97% | 7.16% | 6.31% | 7.77% |
| EPS 2 | 0.2000 | 0.6300 | 0.6000 | 0.2700 | 0.5800 | 0.7900 | 0.7000 | 0.2900 | 0.8500 | 0.7800 | 0.8400 | 0.7250 | 0.8500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/28/22 | 8/5/22 | 11/7/22 | 2/24/23 | 5/10/23 | 8/7/23 | 11/6/23 | 3/27/24 | 5/14/24 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 20,941 | 18,887 | 15,876 | 12,820 | 3,079 | 2,292 | 1,406 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.456 x | 11.73 x | 7.493 x | 4.389 x | 0.7211 x | 0.435 x | 0.2403 x |
| Free Cash Flow 1 | -1,296 | 3,126 | 3,272 | 1,820 | 2,717 | 2,929 | 2,812 |
| ROE (net income / shareholders' equity) | 13% | 2.76% | 3.95% | 10.8% | 13.5% | 16.4% | 17.1% |
| ROA (Net income/ Total Assets) | 4.36% | 0.88% | 1.32% | 3.9% | 5.14% | 6.9% | 6.43% |
| Assets 1 | 42,953 | 45,035 | 42,370 | 41,729 | 43,285 | 43,333 | 51,691 |
| Book Value Per Share 2 | 15.60 | 14.80 | 15.20 | 16.80 | 18.20 | 21.20 | 20.40 |
| Cash Flow per Share 2 | 3.700 | 2.140 | 2.520 | 2.550 | 4.100 | 4.560 | 3.630 |
| Capex 1 | 1,310 | 1,718 | 1,247 | 591 | 1,155 | 1,079 | 1,235 |
| Capex / Sales | 4.59% | 8.17% | 5.26% | 1.96% | 2.95% | 2.54% | 2.76% |
| Announcement Date | 3/26/20 | 3/25/21 | 3/28/22 | 2/24/23 | 3/27/24 | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
57
TWD
Average target price
62.2
TWD
Spread / Average Target
+9.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.34% | 1.66B | |
| +24.82% | 139B | |
| +15.62% | 82.24B | |
| +0.17% | 69.4B | |
| +23.64% | 52.48B | |
| +44.80% | 46.41B | |
| +6.17% | 42.42B | |
| +70.10% | 37.98B | |
| +84.53% | 25.05B | |
| +49.62% | 22.72B |
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- Financials Aerospace Industrial Development Corporation