Financials HannStar Board Corporation

Equities

5469

TW0005469001

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
59.2 TWD +1.20% Intraday chart for HannStar Board Corporation +4.04% +7.05%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 10,270 21,574 22,908 23,991 16,725 29,223
Enterprise Value (EV) 1 18,731 31,092 28,592 27,454 13,941 27,530
P/E ratio 6.47 x 7.29 x 7.07 x 6.47 x 5.25 x 11 x
Yield 4.38% 4.1% 5.07% 4.85% 7.58% 2.89%
Capitalization / Revenue 0.23 x 0.5 x 0.5 x 0.42 x 0.35 x 0.68 x
EV / Revenue 0.43 x 0.72 x 0.63 x 0.48 x 0.29 x 0.64 x
EV / EBITDA 4.23 x 5.24 x 3.83 x 3.22 x 1.83 x 2.99 x
EV / FCF -62.2 x 34.5 x 7.46 x 8.63 x 1.92 x 4.06 x
FCF Yield -1.61% 2.9% 13.4% 11.6% 52.1% 24.6%
Price to Book 0.55 x 0.86 x 0.8 x 0.84 x 0.61 x 0.95 x
Nbr of stocks (in thousands) 458,405 491,441 528,441 528,441 528,441 528,441
Reference price 2 22.40 43.90 43.35 45.40 31.65 55.30
Announcement Date 3/22/19 3/2/20 3/26/21 3/28/22 3/15/23 3/1/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 43,769 43,142 45,704 57,000 47,688 42,976
EBITDA 1 4,432 5,928 7,466 8,539 7,606 9,221
EBIT 1 2,321 3,537 5,364 6,608 5,378 6,919
Operating Margin 5.3% 8.2% 11.74% 11.59% 11.28% 16.1%
Earnings before Tax (EBT) 1 2,602 4,338 5,786 8,093 7,197 6,999
Net income 1 1,595 2,817 3,164 3,725 3,209 2,680
Net margin 3.65% 6.53% 6.92% 6.54% 6.73% 6.24%
EPS 2 3.461 6.020 6.130 7.020 6.030 5.050
Free Cash Flow 1 -301.2 902.2 3,831 3,183 7,261 6,785
FCF margin -0.69% 2.09% 8.38% 5.58% 15.23% 15.79%
FCF Conversion (EBITDA) - 15.22% 51.31% 37.28% 95.47% 73.58%
FCF Conversion (Net income) - 32.03% 121.09% 85.45% 226.29% 253.19%
Dividend per Share 2 0.9804 1.800 2.200 2.200 2.400 1.600
Announcement Date 3/22/19 3/2/20 3/26/21 3/28/22 3/15/23 3/1/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 Q3
Net sales 1 - 10,794 11,767
EBITDA - - -
EBIT 1 - 1,443 2,304
Operating Margin - 13.36% 19.58%
Earnings before Tax (EBT) - - -
Net income 603.1 - -
Net margin - - -
EPS 1.140 - -
Dividend per Share - - -
Announcement Date 5/15/23 8/14/23 11/14/23
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 8,461 9,518 5,685 3,463 - -
Net Cash position 1 - - - - 2,784 1,693
Leverage (Debt/EBITDA) 1.909 x 1.605 x 0.7614 x 0.4055 x - -
Free Cash Flow 1 -301 902 3,831 3,183 7,261 6,785
ROE (net income / shareholders' equity) 6.82% 10.2% 10.9% 14.8% 11.6% 10.7%
ROA (Net income/ Total Assets) 2.43% 3.33% 4.59% 5.4% 4.38% 5.61%
Assets 1 65,760 84,559 68,869 68,941 73,181 47,794
Book Value Per Share 2 40.90 51.20 54.10 53.70 52.00 57.90
Cash Flow per Share 2 16.40 23.30 21.50 25.40 41.60 35.40
Capex 1 2,348 1,686 1,573 2,186 1,113 1,319
Capex / Sales 5.36% 3.91% 3.44% 3.84% 2.33% 3.07%
Announcement Date 3/22/19 3/2/20 3/26/21 3/28/22 3/15/23 3/1/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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