WISTRON NEWEB CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 146 TWD | -1.68% |
|
-4.26% | -6.41% |
| Mar. 11 | Wistron NeWeb Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Jan. 19 | Wistron Neweb Corporation Provides Revenue Guidance for the Year 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 29,470 | 30,895 | 30,932 | 30,983 | 75,261 | 70,802 | - | - |
| Enterprise Value (EV) 1 | 30,524 | 29,664 | 36,405 | 30,983 | 79,361 | 74,294 | 74,448 | 74,239 |
| P/E ratio | 20.4 x | 20.9 x | 25.2 x | 10.6 x | 18.1 x | 14.7 x | 12.7 x | 10.1 x |
| Yield | 3.31% | 3.22% | 2.69% | - | - | 4.5% | 5.65% | 6.52% |
| Capitalization / Revenue | 0.47 x | 0.49 x | 0.46 x | 0.33 x | 0.71 x | 0.59 x | 0.54 x | 0.47 x |
| EV / Revenue | 0.49 x | 0.47 x | 0.54 x | 0.33 x | 0.74 x | 0.62 x | 0.57 x | 0.49 x |
| EV / EBITDA | 10 x | 9.71 x | 14.9 x | 6.16 x | 11.7 x | 8.75 x | 7.32 x | 6.43 x |
| EV / FCF | 11.5 x | 13.1 x | -6.08 x | - | 19.3 x | -3,230 x | - | - |
| FCF Yield | 8.73% | 7.63% | -16.4% | - | 5.18% | -0.03% | - | - |
| Price to Book | 1.81 x | 1.84 x | 1.82 x | - | 2.47 x | 2.11 x | 1.98 x | 1.83 x |
| Nbr of stocks (in thousands) | 390,329 | 397,624 | 396,559 | 395,185 | 482,444 | 484,944 | - | - |
| Reference price 2 | 75.50 | 77.70 | 78.00 | 78.40 | 156.0 | 146.0 | 146.0 | 146.0 |
| Announcement Date | 3/10/20 | 3/17/21 | 1/18/22 | 3/10/23 | 3/11/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 62,240 | 62,649 | 67,230 | 95,257 | 106,709 | 120,276 | 130,781 | 151,923 |
| EBITDA 1 | 3,041 | 3,055 | 2,439 | 5,028 | 6,756 | 8,491 | 10,177 | 11,542 |
| EBIT 1 | 1,595 | 1,472 | 880.7 | 3,238 | 4,671 | 5,907 | 7,259 | 8,761 |
| Operating Margin | 2.56% | 2.35% | 1.31% | 3.4% | 4.38% | 4.91% | 5.55% | 5.77% |
| Earnings before Tax (EBT) 1 | 1,884 | 1,726 | 1,412 | 3,760 | 4,801 | 5,953 | 7,195 | 8,833 |
| Net income 1 | 1,461 | 1,467 | 1,232 | 3,122 | 3,803 | 4,513 | 5,583 | 6,978 |
| Net margin | 2.35% | 2.34% | 1.83% | 3.28% | 3.56% | 3.75% | 4.27% | 4.59% |
| EPS 2 | 3.710 | 3.720 | 3.100 | 7.430 | 8.600 | 9.965 | 11.52 | 14.42 |
| Free Cash Flow 1 | 2,665 | 2,263 | -5,984 | - | 4,112 | -23 | - | - |
| FCF margin | 4.28% | 3.61% | -8.9% | - | 3.85% | -0.02% | - | - |
| FCF Conversion (EBITDA) | 87.62% | 74.06% | - | - | 60.87% | - | - | - |
| FCF Conversion (Net income) | 182.38% | 154.25% | - | - | 108.14% | - | - | - |
| Dividend per Share 2 | 2.500 | 2.501 | 2.100 | - | - | 6.569 | 8.242 | 9.516 |
| Announcement Date | 3/10/20 | 3/17/21 | 1/18/22 | 3/10/23 | 3/11/24 | - | - | - |
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 1 | 17,330 | 19,053 | 19,456 | 20,176 | 26,531 | 29,095 | 25,266 | 26,627 | 29,210 | 29,685 | 25,585 | 30,626 | 31,829 | 32,238 | 27,948 |
| EBITDA | 641.3 | 584.6 | 669.5 | 1,052 | 1,658 | 1,649 | 1,312 | - | 2,037 | 1,872 | - | 2,109 | 2,366 | 2,572 | - |
| EBIT 1 | 251.9 | 195.2 | 238.6 | 609.9 | 1,213 | 1,176 | 826.1 | 1,044 | 1,496 | 1,305 | 1,030 | 1,495 | 1,661 | 1,718 | 1,284 |
| Operating Margin | 1.45% | 1.02% | 1.23% | 3.02% | 4.57% | 4.04% | 3.27% | 3.92% | 5.12% | 4.39% | 4.03% | 4.88% | 5.22% | 5.33% | 4.59% |
| Earnings before Tax (EBT) 1 | 417.9 | 398.7 | 358.9 | 686.5 | 1,490 | 1,225 | 719.2 | 1,206 | 1,784 | 1,092 | 951.5 | 1,498 | 1,716 | 1,720 | 1,233 |
| Net income 1 | 334.1 | 332.2 | 301.9 | 558.9 | 1,231 | 1,030 | 575.3 | 946.4 | 1,412 | 869.2 | 743 | 1,128 | 1,224 | 1,242 | 937 |
| Net margin | 1.93% | 1.74% | 1.55% | 2.77% | 4.64% | 3.54% | 2.28% | 3.55% | 4.83% | 2.93% | 2.9% | 3.68% | 3.84% | 3.85% | 3.35% |
| EPS 2 | 0.8400 | 0.8400 | 0.7600 | 1.400 | 2.840 | 2.360 | 1.320 | 2.180 | 3.310 | 1.880 | 1.665 | 2.513 | 2.867 | 2.873 | 1.930 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/5/21 | 1/18/22 | 5/6/22 | 8/3/22 | 11/3/22 | 3/10/23 | 5/10/23 | 7/31/23 | 11/1/23 | 3/11/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,055 | - | 5,473 | - | 4,100 | 3,492 | 3,646 | 3,438 |
| Net Cash position 1 | - | 1,231 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3467 x | - | 2.244 x | - | 0.6069 x | 0.4113 x | 0.3583 x | 0.2978 x |
| Free Cash Flow 1 | 2,665 | 2,263 | -5,984 | - | 4,112 | -23 | - | - |
| ROE (net income / shareholders' equity) | 9.13% | 8.9% | 7.29% | - | 15% | 15.1% | 16.4% | 18.7% |
| ROA (Net income/ Total Assets) | 4.32% | 4.05% | 2.99% | - | 5.63% | 5.94% | 5.23% | - |
| Assets 1 | 33,800 | 36,185 | 41,218 | - | 67,546 | 76,043 | 106,751 | - |
| Book Value Per Share 2 | 41.60 | 42.20 | 42.90 | - | 63.20 | 69.20 | 73.80 | 80.00 |
| Cash Flow per Share 2 | 8.230 | 8.930 | 7.010 | - | 19.60 | 9.830 | 14.20 | 17.00 |
| Capex 1 | 1,937 | 1,299 | 2,418 | - | 3,032 | 3,312 | - | - |
| Capex / Sales | 3.11% | 2.07% | 3.6% | - | 2.84% | 2.75% | - | - |
| Announcement Date | 3/10/20 | 3/17/21 | 1/18/22 | 3/10/23 | 3/11/24 | - | - | - |
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
146
TWD
Average target price
167.5
TWD
Spread / Average Target
+14.73%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.41% | 2.22B | |
| -11.35% | 867M | |
| -25.15% | 688M | |
| +14.38% | 482M | |
| +23.81% | 452M | |
| -19.00% | 349M | |
| -11.29% | 201M | |
| -34.24% | 187M | |
| +10.12% | 182M | |
| -3.90% | 104M |
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