BENQ MATERIALS CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32.9 TWD | +0.15% |
|
+1.54% | -5.05% |
| May. 30 | BenQ Materials Corporation Approves Cash Dividend for the Year 2023 | CI |
| May. 06 | BenQ Materials Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,997 | 8,722 | 12,170 | 10,213 | 11,111 | 10,550 | - |
| Enterprise Value (EV) 1 | 5,997 | 8,722 | 13,785 | 11,696 | 16,399 | 15,957 | 15,968 |
| P/E ratio | 23.4 x | 22.1 x | 12.7 x | 7.88 x | 26.9 x | 25.9 x | 11.1 x |
| Yield | - | - | 3.95% | 6.28% | 3.46% | 4.29% | 5.53% |
| Capitalization / Revenue | 0.43 x | 0.58 x | 0.74 x | 0.66 x | 0.65 x | 0.59 x | 0.51 x |
| EV / Revenue | 0.43 x | 0.58 x | 0.84 x | 0.75 x | 0.96 x | 0.89 x | 0.77 x |
| EV / EBITDA | - | - | 8.66 x | 8.55 x | 9.65 x | 9.13 x | 7.7 x |
| EV / FCF | 9.23 x | 15 x | 33.2 x | -14.6 x | -40.3 x | 18.3 x | 36.2 x |
| FCF Yield | 10.8% | 6.69% | 3.01% | -6.83% | -2.48% | 5.45% | 2.76% |
| Price to Book | 1.45 x | 2.02 x | 2.41 x | 1.69 x | 1.92 x | 1.92 x | 1.56 x |
| Nbr of stocks (in thousands) | 320,675 | 320,675 | 320,675 | 320,675 | 320,675 | 320,675 | - |
| Reference price 2 | 18.70 | 27.20 | 37.95 | 31.85 | 34.65 | 32.90 | 32.90 |
| Announcement Date | 2/25/20 | 2/24/21 | 2/24/22 | 2/24/23 | 2/23/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,943 | 15,050 | 16,482 | 15,540 | 17,128 | 17,944 | 20,655 |
| EBITDA 1 | - | - | 1,592 | 1,368 | 1,699 | 1,748 | 2,074 |
| EBIT 1 | 353.9 | 547.4 | 977.3 | 696.8 | 591.7 | 762 | 1,314 |
| Operating Margin | 2.54% | 3.64% | 5.93% | 4.48% | 3.45% | 4.25% | 6.36% |
| Earnings before Tax (EBT) 1 | 334.5 | 509.8 | 1,208 | 1,755 | 630.7 | 628 | 1,325 |
| Net income 1 | 257.1 | 396 | 971.6 | 1,296 | 414.4 | 408 | 951 |
| Net margin | 1.84% | 2.63% | 5.89% | 8.34% | 2.42% | 2.27% | 4.6% |
| EPS 2 | 0.8000 | 1.230 | 2.990 | 4.040 | 1.290 | 1.270 | 2.970 |
| Free Cash Flow 1 | 649.7 | 583.3 | 415 | -798.5 | -407 | 870 | 441 |
| FCF margin | 4.66% | 3.88% | 2.52% | -5.14% | -2.38% | 4.85% | 2.14% |
| FCF Conversion (EBITDA) | - | - | 26.07% | - | - | 49.77% | 21.26% |
| FCF Conversion (Net income) | 252.67% | 147.31% | 42.72% | - | - | 213.24% | 46.37% |
| Dividend per Share 2 | - | - | 1.500 | 2.000 | 1.200 | 1.410 | 1.820 |
| Announcement Date | 2/25/20 | 2/24/21 | 2/24/22 | 2/24/23 | 2/23/24 | - | - |
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 | 4,075 | 4,164 | 4,112 | 3,647 | 3,618 | 4,067 | 4,635 | 4,602 | 3,823 | 4,593 | 4,442 | 4,467 | 4,442 | 4,710 | 5,145 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 207.1 | 206.3 | 245.2 | 144.6 | 100.8 | 117.1 | 159.2 | 249.5 | 65.95 | 97.02 | 158.3 | 245 | 282.3 | 198 | 306 |
| Operating Margin | 5.08% | 4.95% | 5.96% | 3.96% | 2.78% | 2.88% | 3.44% | 5.42% | 1.72% | 2.11% | 3.56% | 5.48% | 6.36% | 4.2% | 5.95% |
| Earnings before Tax (EBT) 1 | 318 | 329.8 | 318.6 | 936.1 | 170.8 | 81.5 | 228.1 | 260.8 | 60.34 | 55.35 | 170.7 | 250.7 | 299 | 192 | 306 |
| Net income 1 | 262.4 | 292.8 | 261.7 | 534 | 207.1 | 49.83 | 143.8 | 186.8 | 33.89 | 36.35 | 111.7 | 170 | 208 | 128 | 218 |
| Net margin | 6.44% | 7.03% | 6.37% | 14.64% | 5.73% | 1.23% | 3.1% | 4.06% | 0.89% | 0.79% | 2.51% | 3.81% | 4.68% | 2.72% | 4.24% |
| EPS 2 | 0.8000 | 0.9000 | 0.8100 | 1.640 | 0.6500 | 0.1500 | 0.4500 | 0.5800 | 0.1000 | 0.1100 | 0.3467 | 0.5300 | 0.6500 | 0.4000 | 0.6800 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/22 | 5/3/22 | 8/5/22 | 11/2/22 | 2/24/23 | 5/4/23 | 8/2/23 | 11/2/23 | 2/23/24 | 5/6/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 1,615 | 1,482 | 5,287 | 5,407 | 5,418 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 1.015 x | 1.084 x | 3.112 x | 3.093 x | 2.612 x |
| Free Cash Flow 1 | 650 | 583 | 415 | -798 | -407 | 870 | 441 |
| ROE (net income / shareholders' equity) | 6.23% | 9.37% | 20.7% | 23.4% | 7% | 4.66% | 14.1% |
| ROA (Net income/ Total Assets) | 2.49% | 3.7% | 8.24% | 9.89% | 2.42% | 1.9% | 4.7% |
| Assets 1 | 10,335 | 10,693 | 11,785 | 13,107 | 17,131 | 21,474 | 20,234 |
| Book Value Per Share 2 | 12.90 | 13.50 | 15.70 | 18.90 | 18.10 | 17.20 | 21.10 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 482 | 520 | 598 | 1,188 | 1,501 | 1,700 | 1,318 |
| Capex / Sales | 3.46% | 3.46% | 3.63% | 7.64% | 8.76% | 9.47% | 6.38% |
| Announcement Date | 2/25/20 | 2/24/21 | 2/24/22 | 2/24/23 | 2/23/24 | - | - |
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
HOLD
Number of Analysts
3
Last Close Price
32.9
TWD
Average target price
34.5
TWD
Spread / Average Target
+4.86%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.05% | 324M | |
| +22.13% | 31.92B | |
| +0.70% | 10.84B | |
| +12.44% | 7.71B | |
| -1.93% | 4.2B | |
| -3.15% | 4.08B | |
| -16.05% | 3.96B | |
| -18.92% | 3.59B | |
| +3.85% | 3.51B | |
| -29.77% | 2.55B |
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- Financials BenQ Materials Corporation
