BASO PRECISION OPTICS CO., LTD

Financials BASO Precision Optics Co., LTD

Equities

6517

TW0006517006

Electronic Equipment & Parts

End-of-day quote Taipei Exchange Other stock markets 23:00:00 06/06/2024 BST			5-day change	1st Jan Change
74 ^TWD	+0.95%		-1.33%	-14.05%

05-14	BASO Precision Optics Co., LTD Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
03-15	BASO Precision Optics Co., LTD Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	95.55	102.9	102.9	878.1	1,630	2,633
Enterprise Value (EV) ¹	138	88.84	17.31	742	1,265	2,233
P/E ratio	3.36 x	16.6 x	2.82 x	13.1 x	15.4 x	22.2 x
Yield	-	-	-	1.59%	2.06%	1.74%
Capitalization / Revenue	0.2 x	0.25 x	0.22 x	1.91 x	2.96 x	5.13 x
EV / Revenue	0.29 x	0.21 x	0.04 x	1.61 x	2.29 x	4.35 x
EV / EBITDA	3.8 x	2.68 x	0.28 x	8.99 x	9.15 x	15.2 x
EV / FCF	18.7 x	2.28 x	0.44 x	39.4 x	11.2 x	71.6 x
FCF Yield	5.35%	43.8%	225%	2.54%	8.96%	1.4%
Price to Book	0.51 x	0.49 x	0.42 x	2.79 x	3.46 x	4.41 x
Nbr of stocks (in thousands)	25,964	27,964	27,964	27,964	27,964	30,579
Reference price ²	3.680	3.680	3.680	31.40	58.30	86.10
Announcement Date	26/04/19	23/04/20	19/04/21	15/04/22	29/03/23	15/03/24

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net sales ¹	476.5	416.1	460.3	459.5	551.3	513.7
EBITDA ¹	36.28	33.16	61.75	82.56	138.3	146.9
EBIT ¹	0.928	2.982	33.22	67.04	122.3	128.4
Operating Margin	0.19%	0.72%	7.22%	14.59%	22.18%	25%
Earnings before Tax (EBT) ¹	29.14	16.06	40.22	73.22	131.8	145.7
Net income ¹	28.4	6.11	36.49	66.91	106.7	118.7
Net margin	5.96%	1.47%	7.93%	14.56%	19.36%	23.11%
EPS ²	1.094	0.2211	1.305	2.390	3.780	3.870
Free Cash Flow ¹	7.388	38.94	39	18.82	113.4	31.17
FCF margin	1.55%	9.36%	8.47%	4.1%	20.57%	6.07%
FCF Conversion (EBITDA)	20.37%	117.43%	63.15%	22.8%	82%	21.22%
FCF Conversion (Net income)	26.01%	637.38%	106.89%	28.13%	106.24%	26.26%
Dividend per Share	-	-	-	0.5000	1.200	1.500
Announcement Date	26/04/19	23/04/20	19/04/21	15/04/22	29/03/23	15/03/24

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q4	2023 Q1
Net sales ¹	155.8	157.8
EBITDA	-	-
EBIT ¹	28.94	48.29
Operating Margin	18.58%	30.59%
Earnings before Tax (EBT)	-	-
Net income	-	-
Net margin	-	-
EPS	-	-
Dividend per Share	-	-
Announcement Date	29/03/23	12/05/23

¹TWD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net Debt ¹	42.4	-	-	-	-	-
Net Cash position ¹	-	14.1	85.6	136	365	400
Leverage (Debt/EBITDA)	1.169 x	-	-	-	-	-
Free Cash Flow ¹	7.39	38.9	39	18.8	113	31.2
ROE (net income / shareholders' equity)	16.4%	3.09%	16%	23.8%	25.9%	21.3%
ROA (Net income/ Total Assets)	0.13%	0.46%	5.44%	10.1%	13.8%	11.5%
Assets ¹	21,896	1,340	671.1	665.1	775.6	1,032
Book Value Per Share ²	7.210	7.440	8.840	11.30	16.90	19.50
Cash Flow per Share ²	2.580	2.200	3.820	4.270	11.10	5.380
Capex ¹	11	10.2	18.4	16.8	22.6	74.7
Capex / Sales	2.31%	2.46%	4%	3.65%	4.11%	14.55%
Announcement Date	26/04/19	23/04/20	19/04/21	15/04/22	29/03/23	15/03/24

¹TWD in Million²TWD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

Company calendar

Sector Other Electronic Equipment & Parts

	1st Jan change	Capi.
BASO PRECISION OPTICS CO., LTD	-14.05%	69.75M
KEYENCE CORPORATION	+12.11%	108B
HEXAGON AB	-2.60%	30B
BOE TECHNOLOGY GROUP COMPANY LIMITED	+6.15%	21.06B
TELEDYNE TECHNOLOGIES INCORPORATED	-12.82%	18.45B
KYOCERA CORPORATION	-11.98%	16.3B
ZEBRA TECHNOLOGIES CORPORATION	+10.06%	15.47B
FLEX LTD.	+4.96%	12.84B
HALMA PLC	+0.53%	11.02B
MINEBEAMITSUMI INC.	+11.78%	8.37B

Other Electronic Equipment & Parts

Stock Market
Equities
6517 Stock
Financials BASO Precision Optics Co., LTD

-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.

BENEFIT NOW