Financials 91App, Inc.

Equities

6741

KYG6525T1022

Software

End-of-day quote Taipei Exchange 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
98.3 TWD +2.50% Intraday chart for 91App, Inc. +1.13% -6.38%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 1,150 401.7 404.1 357.3 -
Enterprise Value (EV) 1 1,150 401.7 356.7 295.8 265
P/E ratio 109 x - 32.1 x 22.4 x 17.4 x
Yield - - 0.88% 1.35% 1.57%
Capitalization / Revenue - 9.76 x 9.18 x 7.05 x 5.81 x
EV / Revenue - 9.76 x 8.11 x 5.84 x 4.31 x
EV / EBITDA - 28.5 x 24.4 x 17.6 x 13.1 x
EV / FCF - 21.8 x 22.5 x 17.4 x 12.9 x
FCF Yield - 4.58% 4.44% 5.76% 7.75%
Price to Book - - 4.75 x 2.87 x 2.06 x
Nbr of stocks (in thousands) 120,578 118,078 118,078 118,078 -
Reference price 2 9.541 3.402 3.423 3.026 3.026
Announcement Date 29/04/22 13/03/23 15/03/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 30.59 - 41.14 44 50.68 61.52
EBITDA 1 - - 14.1 14.62 16.82 20.2
EBIT 1 - - 13.38 13.41 17.09 22.26
Operating Margin - - 32.51% 30.48% 33.72% 36.18%
Earnings before Tax (EBT) 1 - - - 16.4 20.16 25.59
Net income 1 - 10.13 - 12.61 16 20.44
Net margin - - - 28.67% 31.56% 33.22%
EPS 2 0.0668 0.0876 - 0.1068 0.1353 0.1735
Free Cash Flow 1 - - 18.41 15.84 17.04 20.53
FCF margin - - 44.76% 36.01% 33.62% 33.37%
FCF Conversion (EBITDA) - - 130.58% 108.35% 101.27% 101.64%
FCF Conversion (Net income) - - - 125.6% 106.51% 100.46%
Dividend per Share 2 - - - 0.0300 0.0410 0.0475
Announcement Date 25/03/21 29/04/22 13/03/23 15/03/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 - 9.332 12.64 10.51 10.17 10 13.21 11.45 11.8 11.89 16.32 14.2 14.54
EBITDA 1 - - - - 3.208 3.05 4.879 - 4.3 4.3 9.063 - -
EBIT 1 - 2.506 5.306 3.126 2.903 2.774 4.58 3.388 3.657 3.657 6.954 4.601 4.786
Operating Margin - 26.85% 41.99% 29.75% 28.55% 27.73% 34.67% 29.6% 31% 30.76% 42.62% 32.39% 32.91%
Earnings before Tax (EBT) 1 - - - - 4.224 4.245 4.505 4.537 4.406 4.236 7.638 - -
Net income 1 2.412 - - - 3.096 3.527 3.457 3.69 3.432 3.34 6.045 - -
Net margin - - - - 30.44% 35.27% 26.17% 32.24% 29.1% 28.09% 37.04% - -
EPS 2 0.0200 - - - 0.0263 0.0300 0.0291 0.0314 0.0290 0.0280 0.0515 - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 17/08/22 10/11/22 13/03/23 11/05/23 17/08/23 14/11/23 15/03/24 26/06/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - -
Net Cash position 1 - - - 47.4 61.5 92.3
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - 18.4 15.8 17 20.5
ROE (net income / shareholders' equity) - - 13.8% 15% 16.6% 17.5%
ROA (Net income/ Total Assets) - - 8.57% 9.73% 11.8% 12.6%
Assets 1 - - - 129.6 136 162.1
Book Value Per Share 2 - - - 0.7200 1.050 1.470
Cash Flow per Share 2 - - - 0.1400 0.1600 0.1900
Capex 1 - - 0.64 0.15 0.42 0.43
Capex / Sales - - 1.55% 0.33% 0.84% 0.69%
Announcement Date 25/03/21 29/04/22 13/03/23 15/03/24 - -
1USD in Million2USD
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
3.026 USD
Average target price
4.612 USD
Spread / Average Target
+52.42%
Consensus
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