Financials APCB Inc.

Equities

6108

TW0006108004

Semiconductors

End-of-day quote Taiwan S.E. 23:00:00 14/07/2024 BST 5-day change 1st Jan Change
19.85 TWD -1.73% Intraday chart for APCB Inc. -4.80% -7.24%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,141 4,157 3,286 3,550 2,630 3,422
Enterprise Value (EV) 1 4,852 4,961 4,599 4,935 2,620 3,014
P/E ratio 7.55 x 11.9 x -39.5 x 14.9 x 75.4 x 63 x
Yield 9.65% 6.15% 2.43% 4.73% 3.04% 2.34%
Capitalization / Revenue 0.46 x 0.53 x 0.4 x 0.39 x 0.38 x 0.58 x
EV / Revenue 0.54 x 0.63 x 0.55 x 0.54 x 0.38 x 0.51 x
EV / EBITDA 4.63 x 5.91 x 6.47 x 5.51 x 11.2 x 10.2 x
EV / FCF 7.55 x 11.9 x -55.9 x -120 x 2.13 x 11.4 x
FCF Yield 13.2% 8.39% -1.79% -0.83% 46.9% 8.76%
Price to Book 1.05 x 1.1 x 0.95 x 0.99 x 0.73 x 0.96 x
Nbr of stocks (in thousands) 159,899 159,899 159,899 159,899 159,899 159,899
Reference price 2 25.90 26.00 20.55 22.20 16.45 21.40
Announcement Date 01/04/19 31/03/20 31/03/21 31/03/22 31/03/23 15/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 8,933 7,917 8,308 9,104 6,955 5,951
EBITDA 1 1,048 839 711.3 895.3 234.5 294.9
EBIT 1 532.8 372.3 232.3 476.4 -142.7 -70.05
Operating Margin 5.96% 4.7% 2.8% 5.23% -2.05% -1.18%
Earnings before Tax (EBT) 1 827.6 475.4 -81.66 323 33.78 79.29
Net income 1 555.6 354.8 -83.16 240.4 34.87 54.31
Net margin 6.22% 4.48% -1% 2.64% 0.5% 0.91%
EPS 2 3.430 2.190 -0.5201 1.490 0.2181 0.3396
Free Cash Flow 1 642.3 416.5 -82.22 -41.13 1,230 264
FCF margin 7.19% 5.26% -0.99% -0.45% 17.68% 4.44%
FCF Conversion (EBITDA) 61.28% 49.64% - - 524.43% 89.55%
FCF Conversion (Net income) 115.59% 117.4% - - 3,526.01% 486.2%
Dividend per Share 2 2.500 1.600 0.5000 1.050 0.5000 0.5000
Announcement Date 01/04/19 31/03/20 31/03/21 31/03/22 31/03/23 15/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 711 804 1,313 1,385 - -
Net Cash position 1 - - - - 10.8 408
Leverage (Debt/EBITDA) 0.6782 x 0.9581 x 1.846 x 1.547 x - -
Free Cash Flow 1 642 416 -82.2 -41.1 1,230 264
ROE (net income / shareholders' equity) 14.6% 9.19% -2.3% 6.84% 0.97% 1.51%
ROA (Net income/ Total Assets) 3.04% 2.24% 1.5% 3.13% -0.99% -0.5%
Assets 1 18,269 15,868 -5,535 7,692 -3,536 -10,953
Book Value Per Share 2 24.70 23.60 21.60 22.30 22.60 22.30
Cash Flow per Share 2 23.70 17.70 17.60 14.30 23.10 24.10
Capex 1 328 300 273 262 179 141
Capex / Sales 3.67% 3.79% 3.29% 2.87% 2.57% 2.37%
Announcement Date 01/04/19 31/03/20 31/03/21 31/03/22 31/03/23 15/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA