GIGA-BYTE TECHNOLOGY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 330 TWD | +1.54% |
|
+3.12% | +24.06% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 31,594 | 49,457 | 98,383 | 67,626 | 169,093 | 209,777 | - | - |
| Enterprise Value (EV) 1 | 20,685 | 32,599 | 77,211 | 50,190 | 144,722 | 206,432 | 194,457 | 194,945 |
| P/E ratio | 16.5 x | 11.5 x | 7.55 x | 10.3 x | 35.7 x | 21.1 x | 17.5 x | 14.1 x |
| Yield | 4.43% | 5.14% | 7.72% | 5.82% | - | 2.33% | 3.13% | 3.6% |
| Capitalization / Revenue | 0.51 x | 0.58 x | 0.81 x | 0.63 x | 1.24 x | 0.82 x | 0.71 x | 0.61 x |
| EV / Revenue | 0.33 x | 0.39 x | 0.63 x | 0.47 x | 1.06 x | 0.8 x | 0.66 x | 0.57 x |
| EV / EBITDA | 9.63 x | 6.63 x | 5.09 x | 7.63 x | 25.5 x | 15.6 x | 11.9 x | 9.28 x |
| EV / FCF | 6.23 x | 4.42 x | 9.94 x | 10.7 x | 78.3 x | -19.8 x | 40.7 x | 15.7 x |
| FCF Yield | 16.1% | 22.6% | 10.1% | 9.35% | 1.28% | -5.05% | 2.46% | 6.36% |
| Price to Book | 1.3 x | 1.81 x | 2.63 x | 1.88 x | 4.51 x | 4.9 x | 4.19 x | 3.33 x |
| Nbr of stocks (in thousands) | 635,689 | 635,689 | 632,689 | 634,984 | 635,689 | 635,689 | - | - |
| Reference price 2 | 49.70 | 77.80 | 155.5 | 106.5 | 266.0 | 330.0 | 330.0 | 330.0 |
| Announcement Date | 3/18/20 | 3/18/21 | 3/15/22 | 3/14/23 | 3/15/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 61,781 | 84,603 | 121,905 | 107,264 | 136,773 | 257,108 | 295,270 | 343,868 |
| EBITDA 1 | 2,148 | 4,917 | 15,167 | 6,578 | 5,684 | 13,191 | 16,326 | 21,003 |
| EBIT 1 | 1,447 | 4,218 | 14,487 | 5,845 | 4,895 | 12,552 | 15,110 | 20,188 |
| Operating Margin | 2.34% | 4.99% | 11.88% | 5.45% | 3.58% | 4.88% | 5.12% | 5.87% |
| Earnings before Tax (EBT) 1 | 2,263 | 5,451 | 16,113 | 8,446 | 6,105 | 13,360 | 15,799 | 19,305 |
| Net income 1 | 1,939 | 4,374 | 13,338 | 6,539 | 4,743 | 10,304 | 12,081 | 14,930 |
| Net margin | 3.14% | 5.17% | 10.94% | 6.1% | 3.47% | 4.01% | 4.09% | 4.34% |
| EPS 2 | 3.020 | 6.790 | 20.60 | 10.29 | 7.460 | 15.61 | 18.86 | 23.49 |
| Free Cash Flow 1 | 3,321 | 7,367 | 7,768 | 4,693 | 1,848 | -10,434 | 4,783 | 12,408 |
| FCF margin | 5.37% | 8.71% | 6.37% | 4.38% | 1.35% | -4.06% | 1.62% | 3.61% |
| FCF Conversion (EBITDA) | 154.58% | 149.82% | 51.22% | 71.34% | 32.51% | - | 29.29% | 59.07% |
| FCF Conversion (Net income) | 171.23% | 168.42% | 58.24% | 71.78% | 38.97% | - | 39.59% | 83.1% |
| Dividend per Share 2 | 2.200 | 4.000 | 12.00 | 6.200 | - | 7.696 | 10.32 | 11.87 |
| Announcement Date | 3/18/20 | 3/18/21 | 3/15/22 | 3/14/23 | 3/15/24 | - | - | - |
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 | 30,457 | 32,610 | 22,662 | 24,192 | 27,800 | 28,030 | 26,134 | 37,013 | 45,596 | 55,164 | 66,674 | 67,462 | 66,773 | 62,123 | 68,953 |
| EBITDA 1 | 3,677 | 3,600 | 1,559 | 466.9 | 933.4 | 1,445 | 1,210 | 1,316 | 1,713 | 3,239 | 2,687 | 3,323 | 4,273 | - | - |
| EBIT 1 | 3,498 | 3,450 | 1,382 | 275.7 | 737.2 | 1,280 | 982.4 | 1,117 | 1,516 | 3,077 | 3,139 | 3,033 | 3,191 | 3,229 | 3,472 |
| Operating Margin | 11.49% | 10.58% | 6.1% | 1.14% | 2.65% | 4.57% | 3.76% | 3.02% | 3.32% | 5.58% | 4.71% | 4.5% | 4.78% | 5.2% | 5.03% |
| Earnings before Tax (EBT) 1 | 3,985 | 3,935 | 1,762 | 1,528 | 1,221 | 1,344 | 1,284 | 1,843 | 1,633 | 2,739 | 3,425 | 3,264 | 3,432 | 3,032 | 3,647 |
| Net income 1 | 3,700 | 3,067 | 981.7 | 1,169 | 1,321 | 1,025 | 889.5 | 1,479 | 1,350 | 2,024 | 2,524 | 2,553 | 2,779 | 2,324 | 2,654 |
| Net margin | 12.15% | 9.4% | 4.33% | 4.83% | 4.75% | 3.66% | 3.4% | 4% | 2.96% | 3.67% | 3.78% | 3.78% | 4.16% | 3.74% | 3.85% |
| EPS 2 | 5.810 | 4.730 | 1.530 | 1.820 | 2.070 | 1.590 | 1.400 | 2.310 | 2.120 | 3.120 | 3.783 | 3.785 | 4.203 | 3.753 | 4.133 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | 6.700 | - | - | - |
| Announcement Date | 3/15/22 | 5/13/22 | 8/12/22 | 11/11/22 | 3/14/23 | 5/12/23 | 8/11/23 | 11/3/23 | 3/15/24 | 5/15/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 10,909 | 16,858 | 21,173 | 17,435 | 24,371 | 3,346 | 15,321 | 14,832 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,321 | 7,367 | 7,768 | 4,693 | 1,848 | -10,434 | 4,783 | 12,408 |
| ROE (net income / shareholders' equity) | 8.02% | 16.9% | 41.1% | 17.8% | 12.9% | 24.4% | 26.1% | 26.9% |
| ROA (Net income/ Total Assets) | 5.28% | 10% | 22.5% | 9.85% | 6.51% | 10.7% | 10.6% | 12.4% |
| Assets 1 | 36,723 | 43,569 | 59,304 | 66,375 | 72,861 | 96,724 | 114,229 | 120,407 |
| Book Value Per Share 2 | 38.20 | 43.10 | 59.00 | 56.50 | 58.90 | 67.30 | 78.80 | 99.00 |
| Cash Flow per Share 2 | 6.050 | 12.30 | 12.90 | 9.000 | 3.480 | -24.80 | 11.40 | - |
| Capex 1 | 566 | 534 | 587 | 1,122 | 417 | 749 | 715 | 832 |
| Capex / Sales | 0.92% | 0.63% | 0.48% | 1.05% | 0.3% | 0.29% | 0.24% | 0.24% |
| Announcement Date | 3/18/20 | 3/18/21 | 3/15/22 | 3/14/23 | 3/15/24 | - | - | - |
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-
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
330
TWD
Average target price
378.2
TWD
Spread / Average Target
+14.61%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +24.06% | 6.49B | |
| +92.47% | 105B | |
| +8.64% | 31.99B | |
| +4.71% | 23.11B | |
| +9.64% | 19.65B | |
| +4.95% | 16.18B | |
| +6.14% | 14.15B | |
| -0.10% | 11.24B | |
| +18.86% | 10.92B | |
| +14.10% | 9.99B |
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