SERCOMM CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 114.5 TWD | -0.43% |
|
-5.76% | -14.87% |
| May. 07 | Sercomm Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 06 | Sercomm Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,087 | 19,638 | 19,106 | 19,746 | 36,124 | 33,883 | - |
| Enterprise Value (EV) 1 | 15,577 | 18,026 | 21,710 | 19,746 | 34,029 | 32,756 | 33,883 |
| P/E ratio | 18.9 x | 21.9 x | 22.9 x | 10.6 x | 14.7 x | 12.4 x | 9.7 x |
| Yield | 3.86% | 3.33% | 3.17% | - | 3.72% | 5.24% | 8.23% |
| Capitalization / Revenue | 0.6 x | 0.54 x | 0.44 x | 0.31 x | 0.58 x | 0.52 x | 0.43 x |
| EV / Revenue | 0.49 x | 0.5 x | 0.49 x | 0.31 x | 0.54 x | 0.5 x | 0.43 x |
| EV / EBITDA | 9.5 x | 9.78 x | 11.5 x | 5.96 x | 8.43 x | 6.59 x | 9.92 x |
| EV / FCF | 17.2 x | -67.8 x | -5.92 x | - | 59.8 x | 12.2 x | 12.5 x |
| FCF Yield | 5.81% | -1.47% | -16.9% | - | 1.67% | 8.22% | 7.97% |
| Price to Book | 2.52 x | 2.53 x | 2.32 x | - | 2.65 x | 2.22 x | 1.72 x |
| Nbr of stocks (in thousands) | 245,654 | 251,775 | 252,390 | 258,796 | 268,578 | 295,925 | - |
| Reference price 2 | 77.70 | 78.00 | 75.70 | 76.30 | 134.5 | 114.5 | 114.5 |
| Announcement Date | 3/17/20 | 3/24/21 | 3/10/22 | 3/10/23 | 3/5/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 31,797 | 36,096 | 43,900 | 64,574 | 62,584 | 65,628 | 79,218 |
| EBITDA 1 | 1,640 | 1,844 | 1,886 | 3,312 | 4,036 | 4,970 | 3,416 |
| EBIT 1 | 986.9 | 1,135 | 1,053 | 2,418 | 3,114 | 3,309 | 4,548 |
| Operating Margin | 3.1% | 3.14% | 2.4% | 3.74% | 4.97% | 5.04% | 5.74% |
| Earnings before Tax (EBT) 1 | 1,278 | 1,109 | 1,026 | 2,309 | 2,988 | 3,293 | 4,312 |
| Net income 1 | 1,033 | 907.3 | 861.2 | 1,919 | 2,386 | 2,676 | 3,493 |
| Net margin | 3.25% | 2.51% | 1.96% | 2.97% | 3.81% | 4.08% | 4.41% |
| EPS 2 | 4.110 | 3.560 | 3.300 | 7.220 | 9.170 | 9.250 | 11.80 |
| Free Cash Flow 1 | 905 | -265.9 | -3,665 | - | 569.3 | 2,693 | 2,702 |
| FCF margin | 2.85% | -0.74% | -8.35% | - | 0.91% | 4.1% | 3.41% |
| FCF Conversion (EBITDA) | 55.17% | - | - | - | 14.11% | 54.19% | 79.1% |
| FCF Conversion (Net income) | 87.62% | - | - | - | 23.86% | 100.64% | 77.35% |
| Dividend per Share 2 | 3.000 | 2.600 | 2.400 | - | 5.000 | 6.000 | 9.420 |
| Announcement Date | 3/17/20 | 3/24/21 | 3/10/22 | 3/10/23 | 3/5/24 | - | - |
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 | 13,198 | 12,674 | 15,216 | 18,277 | 18,407 | 15,659 | 15,666 | 15,625 | 15,634 | 16,193 | 15,800 | 17,567 | 18,458 | 16,233 | 18,232 |
| EBITDA 1 | 667.4 | 592.4 | - | 914.9 | 1,014 | 879.6 | - | 1,087 | 1,128 | 1,092 | 1,163 | 1,222 | 1,340 | - | - |
| EBIT 1 | 450.4 | 375.5 | 564.6 | 687.8 | 789.7 | 654.5 | 712.5 | 857.6 | 888.9 | 856.7 | 764 | 832 | 951 | 889 | 1,034 |
| Operating Margin | 3.41% | 2.96% | 3.71% | 3.76% | 4.29% | 4.18% | 4.55% | 5.49% | 5.69% | 5.29% | 4.84% | 4.74% | 5.15% | 5.48% | 5.67% |
| Earnings before Tax (EBT) 1 | 437.1 | 381.1 | 547.4 | 638.1 | 742.7 | 610.8 | 674.1 | 807.9 | 895.2 | 831.9 | 765 | 839 | 958 | 843 | 987 |
| Net income 1 | 373.6 | 326.4 | 452.3 | 527.7 | 613 | 505.8 | 526.6 | 655.8 | 698.1 | 674.2 | 627.7 | 729 | 803 | 683 | 800 |
| Net margin | 2.83% | 2.58% | 2.97% | 2.89% | 3.33% | 3.23% | 3.36% | 4.2% | 4.47% | 4.16% | 3.97% | 4.15% | 4.35% | 4.21% | 4.39% |
| EPS 2 | 1.430 | 1.250 | 1.740 | 2.020 | 2.250 | 1.910 | 2.000 | 2.530 | 2.620 | 2.270 | 2.143 | 2.465 | 2.715 | 2.310 | 2.700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/10/22 | 5/12/22 | 8/5/22 | 11/10/22 | 3/10/23 | 5/11/23 | 7/28/23 | 11/9/23 | 3/5/24 | 5/7/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 2,604 | - | - | - | - |
| Net Cash position 1 | 3,510 | 1,613 | - | - | 2,095 | 1,127 | - |
| Leverage (Debt/EBITDA) | - | - | 1.38 x | - | - | - | - |
| Free Cash Flow 1 | 905 | -266 | -3,665 | - | 569 | 2,693 | 2,702 |
| ROE (net income / shareholders' equity) | 14.1% | 11.8% | 10.8% | - | 20.7% | 20.2% | 23.2% |
| ROA (Net income/ Total Assets) | 4.17% | 3.2% | 2.65% | - | 5.19% | 9.9% | 6.59% |
| Assets 1 | 24,772 | 28,378 | 32,487 | - | 46,020 | 27,030 | 53,045 |
| Book Value Per Share 2 | 30.80 | 30.90 | 32.70 | - | 50.80 | 51.70 | 66.60 |
| Cash Flow per Share 2 | 5.830 | 4.680 | -10.70 | - | 6.070 | 12.60 | - |
| Capex 1 | 560 | 1,426 | 885 | - | 1,010 | 971 | 1,100 |
| Capex / Sales | 1.76% | 3.95% | 2.02% | - | 1.61% | 1.48% | 1.39% |
| Announcement Date | 3/17/20 | 3/24/21 | 3/10/22 | 3/10/23 | 3/5/24 | - | - |
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
5
Last Close Price
114.5
TWD
Average target price
157.4
TWD
Spread / Average Target
+37.47%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.87% | 1.04B | |
| -11.76% | 7.93B | |
| -18.03% | 2.8B | |
| +18.71% | 2.32B | |
| -38.72% | 1.4B | |
| -17.27% | 1.23B | |
| -7.33% | 1.07B | |
| -17.90% | 726M | |
| +41.57% | 652M | |
| -14.44% | 539M |
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