SIMPLO TECHNOLOGY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 405 TWD | +2.53% |
|
+0.75% | -3.57% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 56,046 | 64,740 | 60,763 | 52,717 | 77,688 | 74,913 | - | - |
| Enterprise Value (EV) 1 | 40,971 | 46,578 | 35,815 | 24,710 | 77,688 | 49,677 | 47,195 | 74,913 |
| P/E ratio | 14.7 x | 12.9 x | 9.57 x | 7.29 x | 13.7 x | 13.3 x | 11.2 x | 11 x |
| Yield | 4.79% | 5.46% | 7.91% | 9.68% | - | 5.32% | 5.85% | 6.48% |
| Capitalization / Revenue | 0.76 x | 0.76 x | 0.64 x | 0.55 x | 0.92 x | 0.88 x | 0.79 x | 0.74 x |
| EV / Revenue | 0.56 x | 0.54 x | 0.37 x | 0.26 x | 0.92 x | 0.58 x | 0.5 x | 0.74 x |
| EV / EBITDA | 7.43 x | 5.69 x | 3.21 x | 1.97 x | 8.36 x | 4.67 x | 3.65 x | 5.66 x |
| EV / FCF | 5.05 x | 8.14 x | 10 x | 2.47 x | - | 6.61 x | 6.44 x | - |
| FCF Yield | 19.8% | 12.3% | 9.97% | 40.5% | - | 15.1% | 15.5% | - |
| Price to Book | 2.4 x | 2.45 x | 1.84 x | 1.59 x | - | 1.93 x | 1.82 x | - |
| Nbr of stocks (in thousands) | 184,971 | 184,971 | 184,971 | 184,971 | 184,971 | 184,971 | - | - |
| Reference price 2 | 303.0 | 350.0 | 328.5 | 285.0 | 420.0 | 405.0 | 405.0 | 405.0 |
| Announcement Date | 3/29/20 | 3/24/21 | 3/24/22 | 3/31/23 | 3/29/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 73,735 | 85,471 | 95,573 | 95,624 | 84,806 | 84,934 | 95,103 | 101,646 |
| EBITDA 1 | 5,513 | 8,189 | 11,163 | 12,567 | 9,294 | 10,631 | 12,945 | 13,225 |
| EBIT 1 | 4,233 | 6,658 | 9,287 | 10,512 | 6,941 | 7,296 | 9,197 | 9,934 |
| Operating Margin | 5.74% | 7.79% | 9.72% | 10.99% | 8.18% | 8.59% | 9.67% | 9.77% |
| Earnings before Tax (EBT) 1 | 5,370 | 7,335 | 10,231 | 12,073 | 8,414 | 8,714 | 10,172 | 11,066 |
| Net income 1 | 3,825 | 5,050 | 6,382 | 7,237 | 5,673 | 5,650 | 6,659 | 6,839 |
| Net margin | 5.19% | 5.91% | 6.68% | 7.57% | 6.69% | 6.65% | 7% | 6.73% |
| EPS 2 | 20.57 | 27.15 | 34.32 | 39.12 | 30.67 | 30.54 | 36.00 | 36.97 |
| Free Cash Flow 1 | 8,109 | 5,722 | 3,570 | 10,013 | - | 7,521 | 7,328 | - |
| FCF margin | 11% | 6.69% | 3.74% | 10.47% | - | 8.86% | 7.71% | - |
| FCF Conversion (EBITDA) | 147.09% | 69.87% | 31.98% | 79.68% | - | 70.75% | 56.61% | - |
| FCF Conversion (Net income) | 212.02% | 113.3% | 55.94% | 138.35% | - | 133.13% | 110.05% | - |
| Dividend per Share 2 | 14.50 | 19.10 | 26.00 | 27.60 | - | 21.55 | 23.69 | 26.25 |
| Announcement Date | 3/29/20 | 3/24/21 | 3/24/22 | 3/31/23 | 3/29/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 24,787 | 24,246 | 22,438 | 23,796 | 24,593 | 24,797 | 19,300 | 19,796 | 22,030 | 23,680 | - | 19,141 | 22,509 | 25,624 | - |
| EBITDA 1 | 3,179 | 2,908 | - | 3,302 | - | 3,099 | 2,299 | 2,071 | 2,303 | 2,621 | 1,826 | 2,399 | 2,968 | 3,447 | - |
| EBIT | 2,700 | 2,424 | 2,262 | 2,803 | 2,887 | 2,560 | 1,736 | 1,511 | 1,689 | 2,005 | - | 1,468 | 2,029 | 2,500 | - |
| Operating Margin | 10.89% | 10% | 10.08% | 11.78% | 11.74% | 10.33% | 8.99% | 7.63% | 7.67% | 8.47% | - | 7.67% | 9.01% | 9.76% | - |
| Earnings before Tax (EBT) 1 | 2,906 | 2,655 | 2,550 | 3,224 | 3,393 | 2,906 | 1,950 | 2,001 | 2,292 | 2,171 | 1,625 | 1,850 | 2,394 | 2,845 | - |
| Net income 1 | 1,816 | 1,635 | 1,499 | 1,942 | 2,030 | 1,767 | 1,243 | 1,362 | 1,586 | 1,482 | 1,058 | 1,125 | 1,553 | 1,888 | - |
| Net margin | 7.33% | 6.74% | 6.68% | 8.16% | 8.25% | 7.13% | 6.44% | 6.88% | 7.2% | 6.26% | - | 5.88% | 6.9% | 7.37% | - |
| EPS 2 | 9.780 | 8.780 | 8.060 | 10.47 | 10.92 | 9.550 | 6.690 | 7.350 | 8.580 | 8.010 | 5.710 | 6.197 | 8.480 | 10.15 | 8.050 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 3/24/22 | 5/13/22 | 8/11/22 | 11/11/22 | 3/31/23 | 5/12/23 | 8/11/23 | 11/14/23 | 3/29/24 | 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 | 15,075 | 18,162 | 24,948 | 28,006 | - | 25,236 | 27,718 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 8,109 | 5,722 | 3,570 | 10,013 | - | 7,521 | 7,328 | - |
| ROE (net income / shareholders' equity) | 16.8% | 20.2% | 21.4% | 21.8% | - | 15.4% | 17.1% | 17.4% |
| ROA (Net income/ Total Assets) | 7.77% | 8.78% | 9.13% | 9.66% | - | 7.13% | 7.91% | - |
| Assets 1 | 49,214 | 57,494 | 69,936 | 74,956 | - | 79,203 | 84,162 | - |
| Book Value Per Share 2 | 126.0 | 143.0 | 179.0 | 179.0 | - | 209.0 | 223.0 | - |
| Cash Flow per Share 2 | 48.50 | 46.10 | 29.50 | 66.50 | - | 57.20 | 59.80 | - |
| Capex 1 | 912 | 2,846 | 1,912 | 2,361 | - | 3,498 | 3,502 | - |
| Capex / Sales | 1.24% | 3.33% | 2% | 2.47% | - | 4.12% | 3.68% | - |
| Announcement Date | 3/29/20 | 3/24/21 | 3/24/22 | 3/31/23 | 3/29/24 | - | - | - |
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
OUTPERFORM
Number of Analysts
3
Last Close Price
405
TWD
Average target price
485
TWD
Spread / Average Target
+19.75%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.57% | 2.27B | |
| -10.76% | 66.66B | |
| -6.46% | 21.46B | |
| +8.14% | 17B | |
| -25.00% | 15.19B | |
| -10.90% | 10.57B | |
| -13.67% | 4.59B | |
| -1.75% | 4.45B | |
| -2.72% | 3.98B | |
| +1.90% | 3.88B |
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