ITEQ CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 109.5 TWD | -1.79% |
|
+4.78% | +29.13% |
| May. 07 | ITEQ Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 01 | ITEQ Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 38,627 | 45,948 | 54,380 | 26,351 | 30,779 | 39,744 | - | - |
| Enterprise Value (EV) 1 | 40,218 | 46,582 | 52,088 | 25,429 | 30,090 | 39,918 | 39,888 | 39,447 |
| P/E ratio | 15.7 x | 16.9 x | 15.9 x | 14.8 x | 45.6 x | 26.4 x | 16 x | 15.6 x |
| Yield | 3.92% | 3.62% | 3.52% | 4.13% | 1.77% | 2.14% | 3.15% | 3.88% |
| Capitalization / Revenue | 1.62 x | 1.81 x | 1.67 x | 0.9 x | 1.23 x | 1.34 x | 1.17 x | 1.13 x |
| EV / Revenue | 1.69 x | 1.83 x | 1.6 x | 0.87 x | 1.2 x | 1.34 x | 1.17 x | 1.12 x |
| EV / EBITDA | 10.9 x | 11.7 x | 10.9 x | 8.57 x | 14.5 x | 11.1 x | 8.37 x | 7.35 x |
| EV / FCF | 65.8 x | -39.8 x | -29 x | 7.75 x | 31 x | 286 x | 109 x | 21.2 x |
| FCF Yield | 1.52% | -2.51% | -3.45% | 12.9% | 3.22% | 0.35% | 0.92% | 4.71% |
| Price to Book | 4.33 x | 3.43 x | 2.55 x | 1.31 x | 1.58 x | 2.14 x | 1.84 x | 1.78 x |
| Nbr of stocks (in thousands) | 302,957 | 332,957 | 382,957 | 362,957 | 362,957 | 362,957 | - | - |
| Reference price 2 | 127.5 | 138.0 | 142.0 | 72.60 | 84.80 | 109.5 | 109.5 | 109.5 |
| Announcement Date | 3/16/20 | 3/22/21 | 3/16/22 | 3/13/23 | 3/1/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 23,791 | 25,422 | 32,525 | 29,130 | 25,079 | 29,751 | 33,954 | 35,205 |
| EBITDA 1 | 3,697 | 3,996 | 4,767 | 2,966 | 2,074 | 3,592 | 4,766 | 5,365 |
| EBIT 1 | 3,104 | 3,218 | 3,819 | 1,896 | 994.9 | 2,520 | 3,477 | 3,679 |
| Operating Margin | 13.04% | 12.66% | 11.74% | 6.51% | 3.97% | 8.47% | 10.24% | 10.45% |
| Earnings before Tax (EBT) 1 | 3,094 | 3,395 | 3,815 | 2,315 | 1,152 | 2,648 | 3,813 | 3,761 |
| Net income 1 | 2,463 | 2,666 | 3,145 | 1,855 | 676.6 | 1,580 | 2,603 | 2,552 |
| Net margin | 10.35% | 10.49% | 9.67% | 6.37% | 2.7% | 5.31% | 7.67% | 7.25% |
| EPS 2 | 8.100 | 8.150 | 8.930 | 4.910 | 1.860 | 4.155 | 6.832 | 7.024 |
| Free Cash Flow 1 | 611 | -1,169 | -1,795 | 3,280 | 970.4 | 139.5 | 366.7 | 1,856 |
| FCF margin | 2.57% | -4.6% | -5.52% | 11.26% | 3.87% | 0.47% | 1.08% | 5.27% |
| FCF Conversion (EBITDA) | 16.53% | - | - | 110.59% | 46.8% | 3.88% | 7.69% | 34.61% |
| FCF Conversion (Net income) | 24.8% | - | - | 176.79% | 143.41% | 8.83% | 14.08% | 72.73% |
| Dividend per Share 2 | 5.000 | 5.000 | 5.000 | 3.000 | 1.500 | 2.338 | 3.447 | 4.252 |
| Announcement Date | 3/16/20 | 3/22/21 | 3/16/22 | 3/13/23 | 3/1/24 | - | - | - |
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 | 8,031 | 8,269 | 7,646 | 6,352 | 6,863 | 6,260 | 5,430 | 6,645 | 6,744 | 6,155 | 7,180 | 8,108 | 8,611 | 8,004 | 8,806 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 703.3 | 643.9 | 449.6 | 349.2 | 453.7 | 128 | 58.42 | 390.1 | 418.4 | 246.4 | 532 | 821.5 | 915 | 739.5 | 954.7 |
| Operating Margin | 8.76% | 7.79% | 5.88% | 5.5% | 6.61% | 2.04% | 1.08% | 5.87% | 6.2% | 4% | 7.41% | 10.13% | 10.63% | 9.24% | 10.84% |
| Earnings before Tax (EBT) 1 | 752.6 | 976 | 596 | 362.1 | 381 | 134.1 | 81.36 | 386.4 | 550.4 | 271.4 | 560 | 854.5 | 947.5 | 800 | 963 |
| Net income 1 | 807.1 | 809.1 | 434.7 | 277.4 | 334 | 73.98 | 41.59 | 234.6 | 326.4 | 153.6 | 336 | 512.5 | 568.5 | 541.7 | 652.3 |
| Net margin | 10.05% | 9.78% | 5.69% | 4.37% | 4.87% | 1.18% | 0.77% | 3.53% | 4.84% | 2.5% | 4.68% | 6.32% | 6.6% | 6.77% | 7.41% |
| EPS 2 | 2.070 | 2.100 | 1.130 | 0.7400 | 0.9300 | 0.2000 | 0.1100 | 0.6500 | 0.9000 | 0.4200 | 0.8900 | 1.360 | 1.505 | 1.493 | 1.797 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/16/22 | 5/6/22 | 8/2/22 | 11/1/22 | 3/13/23 | 5/10/23 | 8/1/23 | 11/2/23 | 3/1/24 | 5/7/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,591 | 634 | - | - | - | 174 | 144 | - |
| Net Cash position 1 | - | - | 2,292 | 922 | 689 | - | - | 297 |
| Leverage (Debt/EBITDA) | 0.4304 x | 0.1587 x | - | - | - | 0.0486 x | 0.0302 x | - |
| Free Cash Flow 1 | 611 | -1,169 | -1,795 | 3,280 | 970 | 140 | 367 | 1,857 |
| ROE (net income / shareholders' equity) | 29.1% | 23.9% | 18.1% | 8.96% | 3.42% | 9.07% | 11.6% | 11.8% |
| ROA (Net income/ Total Assets) | 11.7% | 10.8% | 10.2% | 5.33% | 2.03% | 5.47% | 6.85% | 6.4% |
| Assets 1 | 21,088 | 24,582 | 30,953 | 34,810 | 33,331 | 28,911 | 38,022 | 39,883 |
| Book Value Per Share 2 | 29.50 | 40.20 | 55.70 | 55.40 | 53.60 | 51.10 | 59.40 | 61.40 |
| Cash Flow per Share 2 | - | - | 8.950 | 17.00 | 5.770 | 17.20 | 9.990 | 11.30 |
| Capex 1 | 1,410 | 2,215 | 4,948 | 3,152 | 1,127 | 1,603 | 2,088 | 2,133 |
| Capex / Sales | 5.92% | 8.71% | 15.21% | 10.82% | 4.49% | 5.39% | 6.15% | 6.06% |
| Announcement Date | 3/16/20 | 3/22/21 | 3/16/22 | 3/13/23 | 3/1/24 | - | - | - |
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
D-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
109.5
TWD
Average target price
116.4
TWD
Spread / Average Target
+6.29%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +29.13% | 1.25B | |
| +18.72% | 58.39B | |
| -18.87% | 14.99B | |
| +20.70% | 11.57B | |
| +28.94% | 9.24B | |
| +8.52% | 8.61B | |
| +45.34% | 8.48B | |
| -8.84% | 8.37B | |
| -11.41% | 7.7B | |
| -16.83% | 6.7B |
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