Financials Advanced Power Electronics Co., Ltd.

Equities

8261

TW0008261009

Semiconductors

End-of-day quote Taiwan S.E. 23:00:00 02/05/2024 BST 5-day change 1st Jan Change
81.6 TWD -0.97% Intraday chart for Advanced Power Electronics Co., Ltd. +2.13% -16.39%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,517 2,448 4,303 9,273 12,203 11,506
Enterprise Value (EV) 1 2,480 2,550 4,230 8,978 8,930 8,754
P/E ratio 15.3 x 44.9 x 21.9 x 14.5 x 12.1 x 35.2 x
Yield 3.23% 1.66% 1.89% 5.26% 4.81% 2.56%
Capitalization / Revenue 0.93 x 1.1 x 1.38 x 2.21 x 3.12 x 4.04 x
EV / Revenue 0.92 x 1.15 x 1.35 x 2.14 x 2.28 x 3.07 x
EV / EBITDA 12.2 x 27.4 x 16.2 x 10.5 x 9.67 x 25.6 x
EV / FCF -22.9 x -36.3 x 19.9 x 16.2 x 29.2 x 42.3 x
FCF Yield -4.37% -2.75% 5.02% 6.17% 3.42% 2.37%
Price to Book 1.75 x 1.74 x 2.69 x 4.2 x 2.23 x 2.17 x
Nbr of stocks (in thousands) 81,340 81,340 81,340 81,340 117,340 117,890
Reference price 2 30.95 30.10 52.90 114.0 104.0 97.60
Announcement Date 22/03/19 30/03/20 10/03/21 25/02/22 23/02/23 29/02/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,709 2,217 3,126 4,204 3,911 2,851
EBITDA 1 203.2 93.06 261.4 852.2 923.7 342
EBIT 1 173.2 69 239.9 829 899.9 308.9
Operating Margin 6.39% 3.11% 7.68% 19.72% 23.01% 10.83%
Earnings before Tax (EBT) 1 187.2 58.99 223.6 796.2 1,097 394.4
Net income 1 166.2 55.13 198.3 652.8 899.8 330.4
Net margin 6.13% 2.49% 6.35% 15.53% 23.01% 11.59%
EPS 2 2.028 0.6700 2.420 7.870 8.580 2.770
Free Cash Flow 1 -108.3 -70.21 212.2 554.4 305.6 207.1
FCF margin -4% -3.17% 6.79% 13.19% 7.81% 7.26%
FCF Conversion (EBITDA) - - 81.18% 65.05% 33.09% 60.56%
FCF Conversion (Net income) - - 107% 84.92% 33.97% 62.68%
Dividend per Share 2 1.000 0.5000 1.000 6.000 5.000 2.500
Announcement Date 22/03/19 30/03/20 10/03/21 25/02/22 23/02/23 29/02/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1
Net sales - 706.2 -
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 1 240 84.35 57.46
Net margin - 11.95% -
EPS 2 2.020 0.4100 0.4800
Dividend per Share - - -
Announcement Date 01/11/22 23/02/23 02/05/23
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 101 - - - -
Net Cash position 1 37.8 - 72.7 295 3,274 2,752
Leverage (Debt/EBITDA) - 1.087 x - - - -
Free Cash Flow 1 -108 -70.2 212 554 306 207
ROE (net income / shareholders' equity) 11.5% 2.92% 13% 34.2% 23.3% 6.11%
ROA (Net income/ Total Assets) 5.1% 1.88% 6.01% 16.4% 11.5% 3.2%
Assets 1 3,258 2,931 3,301 3,979 7,797 10,329
Book Value Per Share 2 17.70 17.30 19.60 27.10 46.70 45.10
Cash Flow per Share 2 3.770 3.430 5.480 8.530 5.840 6.540
Capex 1 19.5 13.8 140 94 41 30.9
Capex / Sales 0.72% 0.62% 4.48% 2.24% 1.05% 1.08%
Announcement Date 22/03/19 30/03/20 10/03/21 25/02/22 23/02/23 29/02/24
1TWD in Million2TWD
Estimates
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