Financials Aurora Corporation

Equities

2373

TW0002373008

Office Equipment

End-of-day quote Taiwan S.E. 23:00:00 05/05/2024 BST 5-day change 1st Jan Change
73.6 TWD +0.14% Intraday chart for Aurora Corporation +0.68% -3.16%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 21,565 20,156 19,887 20,089 17,427 17,002
Enterprise Value (EV) 1 18,104 18,001 17,431 18,076 16,624 16,266
P/E ratio 14.2 x 14.7 x 13.9 x 14.5 x 13.4 x 15.7 x
Yield 6.22% 6.66% 6.75% 6.68% 6.03% 5.39%
Capitalization / Revenue 1.5 x 1.48 x 1.54 x 1.48 x 1.39 x 1.47 x
EV / Revenue 1.26 x 1.32 x 1.35 x 1.33 x 1.32 x 1.41 x
EV / EBITDA 9.82 x 11.4 x 10.1 x 9.48 x 10.1 x 11.3 x
EV / FCF 17.5 x 21.6 x 14.4 x 17.1 x 44.9 x 10.8 x
FCF Yield 5.73% 4.63% 6.94% 5.86% 2.23% 9.26%
Price to Book 2.84 x 2.79 x 2.61 x 2.64 x 2.32 x 2.3 x
Nbr of stocks (in thousands) 223,706 223,706 223,706 223,706 223,706 223,706
Reference price 2 96.40 90.10 88.90 89.80 77.90 76.00
Announcement Date 01/04/19 31/03/20 31/03/21 29/03/22 29/03/23 27/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 14,344 13,605 12,951 13,577 12,576 11,533
EBITDA 1 1,844 1,583 1,733 1,907 1,653 1,443
EBIT 1 1,466 1,371 1,517 1,469 1,222 1,032
Operating Margin 10.22% 10.07% 11.72% 10.82% 9.72% 8.94%
Earnings before Tax (EBT) 1 2,010 1,933 2,025 2,020 1,810 1,483
Net income 1 1,523 1,375 1,438 1,392 1,309 1,092
Net margin 10.62% 10.1% 11.11% 10.25% 10.41% 9.46%
EPS 2 6.770 6.110 6.390 6.180 5.820 4.850
Free Cash Flow 1 1,037 832.8 1,210 1,060 370.6 1,506
FCF margin 7.23% 6.12% 9.34% 7.81% 2.95% 13.06%
FCF Conversion (EBITDA) 56.24% 52.61% 69.84% 55.57% 22.43% 104.34%
FCF Conversion (Net income) 68.07% 60.58% 84.14% 76.16% 28.3% 137.99%
Dividend per Share 2 6.000 6.000 6.000 6.000 4.700 4.100
Announcement Date 01/04/19 31/03/20 31/03/21 29/03/22 29/03/23 27/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,461 2,155 2,457 2,012 802 735
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,037 833 1,210 1,060 371 1,506
ROE (net income / shareholders' equity) 19.2% 17.6% 18% 17.1% 16% 13.4%
ROA (Net income/ Total Assets) 5.43% 4.98% 5.39% 5.06% 4.18% 3.56%
Assets 1 28,071 27,596 26,672 27,525 31,289 30,647
Book Value Per Share 2 33.90 32.20 34.10 34.00 33.60 33.00
Cash Flow per Share 2 30.30 25.80 24.30 12.00 9.920 12.20
Capex 1 215 230 641 604 457 361
Capex / Sales 1.5% 1.69% 4.95% 4.45% 3.63% 3.13%
Announcement Date 01/04/19 31/03/20 31/03/21 29/03/22 29/03/23 27/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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