Financials Bizlink Holding Inc.

Equities

3665

KYG114741062

Electrical Components & Equipment

End-of-day quote Taiwan S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
277 TWD +3.36% Intraday chart for Bizlink Holding Inc. +5.12% +3.75%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 29,432 31,794 34,893 37,000 43,604 45,278 - -
Enterprise Value (EV) 1 26,938 29,874 33,361 45,740 48,957 51,634 50,075 47,169
P/E ratio 15.3 x 18.3 x 18.1 x 10.2 x 18.6 x 14 x 11.3 x 10.2 x
Yield 3.99% 3.39% 3.5% 4.23% 3.48% 4.11% 5.03% 5.17%
Capitalization / Revenue 1.27 x 1.41 x 1.22 x 0.69 x 0.85 x 0.84 x 0.78 x 0.72 x
EV / Revenue 1.17 x 1.33 x 1.17 x 0.85 x 0.96 x 0.96 x 0.86 x 0.75 x
EV / EBITDA 8.46 x 9.09 x 9.28 x 6.15 x 7.78 x 6.9 x 5.79 x 5.03 x
EV / FCF 12.4 x 29.9 x -32 x 36.3 x 10 x 30.9 x 19.7 x 9.63 x
FCF Yield 8.08% 3.34% -3.12% 2.75% 9.98% 3.24% 5.07% 10.4%
Price to Book 2.41 x 2.4 x 2.37 x 1.61 x 1.77 x 1.79 x 1.58 x 1.43 x
Nbr of stocks (in thousands) 131,781 131,833 134,984 157,961 163,309 163,459 - -
Reference price 2 223.3 241.2 258.5 234.2 267.0 277.0 277.0 277.0
Announcement Date 3/17/20 3/31/21 3/31/22 3/31/23 3/14/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,092 22,538 28,564 53,757 51,052 53,674 58,178 63,138
EBITDA 1 3,184 3,287 3,595 7,435 6,291 7,486 8,645 9,369
EBIT 1 2,410 2,445 2,658 5,546 4,237 5,472 6,531 7,352
Operating Margin 10.44% 10.85% 9.31% 10.32% 8.3% 10.2% 11.23% 11.64%
Earnings before Tax (EBT) 1 2,335 2,255 2,641 5,293 3,442 4,944 6,091 6,670
Net income 1 1,844 1,828 2,036 3,838 2,317 3,388 4,234 4,863
Net margin 7.99% 8.11% 7.13% 7.14% 4.54% 6.31% 7.28% 7.7%
EPS 2 14.58 13.15 14.31 23.06 14.37 19.83 24.61 27.23
Free Cash Flow 1 2,178 998.9 -1,042 1,260 4,888 1,671 2,538 4,898
FCF margin 9.43% 4.43% -3.65% 2.34% 9.57% 3.11% 4.36% 7.76%
FCF Conversion (EBITDA) 68.4% 30.39% - 16.94% 77.69% 22.32% 29.35% 52.28%
FCF Conversion (Net income) 118.11% 54.64% - 32.82% 210.91% 49.32% 59.93% 100.73%
Dividend per Share 2 8.914 8.171 9.042 9.904 9.285 11.39 13.93 14.31
Announcement Date 3/17/20 3/31/21 3/31/22 3/31/23 3/14/24 - - -
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 7,999 11,667 13,963 14,526 13,601 12,702 13,004 13,150 12,196 12,426 13,129 14,057 14,095 13,921 14,606
EBITDA 1 1,016 1,266 - - 1,942 1,626 1,329 1,934 1,403 1,621 1,982 2,144 2,150 2,036 2,277
EBIT 1 769.5 905.4 1,634 1,558 1,449 1,137 821.4 1,414 864.5 1,101 1,313 1,532 1,529 1,432 1,678
Operating Margin 9.62% 7.76% 11.7% 10.73% 10.65% 8.96% 6.32% 10.75% 7.09% 8.86% 10% 10.9% 10.85% 10.29% 11.49%
Earnings before Tax (EBT) 1 745 852 1,618 1,582 1,241 870.5 727.9 1,097 746.9 928.1 1,205 1,421 1,389 1,282 1,523
Net income 1 568.8 558.9 1,173 1,184 922.4 627.9 441 740.6 507.9 580.7 791.4 946.8 972.7 896.7 1,059
Net margin 7.11% 4.79% 8.4% 8.15% 6.78% 4.94% 3.39% 5.63% 4.16% 4.67% 6.03% 6.74% 6.9% 6.44% 7.25%
EPS 2 3.962 3.704 7.022 7.042 5.507 3.972 2.740 4.540 3.110 3.560 4.775 5.762 6.137 5.754 6.740
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 3/31/22 5/13/22 8/31/22 11/10/22 3/31/23 5/11/23 8/29/23 11/13/23 3/14/24 5/14/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 8,740 5,354 6,356 4,797 1,891
Net Cash position 1 2,493 1,920 1,532 - - - - -
Leverage (Debt/EBITDA) - - - 1.176 x 0.851 x 0.849 x 0.5548 x 0.2018 x
Free Cash Flow 1 2,178 999 -1,042 1,260 4,888 1,671 2,538 4,898
ROE (net income / shareholders' equity) 17.4% 14.4% 14.4% 20.4% 9.85% 13.3% 15% 15.4%
ROA (Net income/ Total Assets) 8.83% 7.83% 8.45% 9.72% 4.28% 6.14% 6.96% 7.16%
Assets 1 20,875 23,365 24,097 39,509 54,194 55,167 60,843 67,955
Book Value Per Share 2 92.60 100.0 109.0 145.0 151.0 155.0 175.0 194.0
Cash Flow per Share 2 23.50 13.10 2.160 16.40 39.30 25.10 28.10 27.20
Capex 1 883 873 1,358 1,520 2,559 2,592 2,420 2,100
Capex / Sales 3.82% 3.87% 4.75% 2.83% 5.01% 4.83% 4.16% 3.33%
Announcement Date 3/17/20 3/31/21 3/31/22 3/31/23 3/14/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
277 TWD
Average target price
296.1 TWD
Spread / Average Target
+6.90%
Consensus
  1. Stock Market
  2. Equities
  3. 3665 Stock
  4. Financials Bizlink Holding Inc.