Financials Axis Corporation

Equities

6292

TW0006292006

Electrical Components & Equipment

End-of-day quote Taipei Exchange 23:00:00 16/05/2024 BST 5-day change 1st Jan Change
78.3 TWD +0.90% Intraday chart for Axis Corporation +1.69% +27.73%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,370 1,620 1,731 2,034 1,878 2,857
Enterprise Value (EV) 1 799.3 895 1,118 1,368 1,124 2,004
P/E ratio 15.3 x 8.13 x 12.2 x 8.85 x 10.4 x 11.2 x
Yield 7.88% 10.1% 7.27% 8.25% 7.44% 6.85%
Capitalization / Revenue 1.03 x 1.61 x 1.71 x 1.68 x 1.17 x 2.1 x
EV / Revenue 0.6 x 0.89 x 1.1 x 1.13 x 0.7 x 1.47 x
EV / EBITDA 5.26 x 7.78 x 8.54 x 11.1 x 4.22 x 11.4 x
EV / FCF 5.56 x 5.98 x -1,055 x 42.3 x 5.68 x 26.2 x
FCF Yield 18% 16.7% -0.09% 2.36% 17.6% 3.81%
Price to Book 1.51 x 1.65 x 1.83 x 1.88 x 1.68 x 2.31 x
Nbr of stocks (in thousands) 46,901 46,901 46,601 46,601 46,601 46,601
Reference price 2 29.20 34.55 37.15 43.65 40.30 61.30
Announcement Date 26/03/19 18/03/20 26/03/21 21/03/22 17/03/23 08/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,329 1,009 1,015 1,212 1,610 1,359
EBITDA 1 151.9 115.1 130.9 122.8 266 175.6
EBIT 1 140.2 104.1 121.2 113.3 256.4 165.2
Operating Margin 10.55% 10.31% 11.94% 9.35% 15.93% 12.15%
Earnings before Tax (EBT) 1 149.4 231.3 173.8 265.5 286.6 315.6
Net income 1 90 200.6 144.7 233.4 183.6 257.3
Net margin 6.77% 19.87% 14.26% 19.26% 11.4% 18.93%
EPS 2 1.910 4.250 3.050 4.930 3.890 5.470
Free Cash Flow 1 143.8 149.6 -1.059 32.32 197.9 76.39
FCF margin 10.82% 14.82% -0.1% 2.67% 12.29% 5.62%
FCF Conversion (EBITDA) 94.66% 130.02% - 26.32% 74.39% 43.51%
FCF Conversion (Net income) 159.81% 74.6% - 13.85% 107.78% 29.69%
Dividend per Share 2 2.300 3.500 2.700 3.600 3.000 4.200
Announcement Date 26/03/19 18/03/20 26/03/21 21/03/22 17/03/23 08/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 570 725 613 666 754 852
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 144 150 -1.06 32.3 198 76.4
ROE (net income / shareholders' equity) 9.8% 21.2% 15% 23.1% 16.7% 21.8%
ROA (Net income/ Total Assets) 5.47% 4.03% 4.66% 3.96% 7.66% 4.34%
Assets 1 1,644 4,973 3,106 5,893 2,398 5,930
Book Value Per Share 2 19.30 21.00 20.30 23.20 24.10 26.50
Cash Flow per Share 2 14.40 15.30 10.40 4.630 11.70 15.50
Capex 1 2.01 3.29 2.1 5.01 6.09 28.4
Capex / Sales 0.15% 0.33% 0.21% 0.41% 0.38% 2.09%
Announcement Date 26/03/19 18/03/20 26/03/21 21/03/22 17/03/23 08/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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