Financials Chang Wah Electromaterials Inc.

Equities

8070

TW0008070004

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-05-20 pm EDT 5-day change 1st Jan Change
53.1 TWD +1.53% Intraday chart for Chang Wah Electromaterials Inc. +12.03% +52.15%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,547 11,403 19,579 26,818 20,591 23,501
Enterprise Value (EV) 1 9,534 12,437 25,744 30,940 23,488 25,107
P/E ratio 10.1 x 10.4 x 19.6 x 15.4 x 9.59 x 16.4 x
Yield 8.86% 7.06% 4.24% 5.14% 8.35% 6.19%
Capitalization / Revenue 0.54 x 0.74 x 1.19 x 1.3 x 0.94 x 1.43 x
EV / Revenue 0.61 x 0.8 x 1.57 x 1.5 x 1.07 x 1.52 x
EV / EBITDA 4.68 x 6.97 x 13.5 x 9.74 x 5.68 x 10 x
EV / FCF 13.9 x 8.9 x -41.3 x 30.9 x 9.13 x 23.8 x
FCF Yield 7.21% 11.2% -2.42% 3.23% 10.9% 4.2%
Price to Book 1.56 x 2.04 x 3.01 x 2.46 x 1.77 x 1.56 x
Nbr of stocks (in thousands) 630,770 638,800 638,799 689,419 679,574 673,372
Reference price 2 13.55 17.85 30.65 38.90 30.30 34.90
Announcement Date 3/27/19 3/19/20 3/18/21 3/23/22 3/16/23 3/12/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 15,757 15,464 16,424 20,671 21,859 16,490
EBITDA 1 2,036 1,784 1,913 3,177 4,137 2,505
EBIT 1 1,390 1,125 1,321 2,559 3,424 1,699
Operating Margin 8.82% 7.27% 8.04% 12.38% 15.67% 10.3%
Earnings before Tax (EBT) 1 1,748 1,775 1,613 3,079 4,501 2,688
Net income 1 856.1 1,098 997.3 1,726 2,164 1,477
Net margin 5.43% 7.1% 6.07% 8.35% 9.9% 8.96%
EPS 2 1.344 1.715 1.560 2.528 3.160 2.125
Free Cash Flow 1 686.9 1,398 -623.5 1,000 2,571 1,054
FCF margin 4.36% 9.04% -3.8% 4.84% 11.76% 6.39%
FCF Conversion (EBITDA) 33.74% 78.37% - 31.48% 62.16% 42.08%
FCF Conversion (Net income) 80.24% 127.31% - 57.96% 118.83% 71.34%
Dividend per Share 2 1.200 1.260 1.300 2.000 2.530 2.160
Announcement Date 3/27/19 3/19/20 3/18/21 3/23/22 3/16/23 3/12/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 987 1,034 6,164 4,121 2,896 1,606
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.4848 x 0.5798 x 3.223 x 1.297 x 0.7002 x 0.6414 x
Free Cash Flow 1 687 1,398 -623 1,000 2,571 1,054
ROE (net income / shareholders' equity) 15.7% 17.4% 16.1% 21.1% 23% 12.5%
ROA (Net income/ Total Assets) 5.45% 4.14% 3.99% 5.97% 6.75% 3.06%
Assets 1 15,713 26,498 24,964 28,926 32,065 48,267
Book Value Per Share 2 8.670 8.750 10.20 15.80 17.10 22.40
Cash Flow per Share 2 4.800 5.980 5.000 6.960 10.50 11.10
Capex 1 771 527 444 755 1,369 1,153
Capex / Sales 4.89% 3.41% 2.7% 3.65% 6.26% 6.99%
Announcement Date 3/27/19 3/19/20 3/18/21 3/23/22 3/16/23 3/12/24
1TWD in Million2TWD
Estimates
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