Financials CviLux Corporation

Equities

8103

TW0008103003

Electronic Equipment & Parts

End-of-day quote Taiwan S.E. 23:00:00 20/06/2024 BST 5-day change 1st Jan Change
59.5 TWD +2.59% Intraday chart for CviLux Corporation +5.68% +32.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,198 2,866 4,058 2,448 3,553 4,751 -
Enterprise Value (EV) 1 2,198 2,866 4,058 2,448 3,553 4,751 4,751
P/E ratio 12.6 x - - - - - -
Yield - - - - - - -
Capitalization / Revenue - 0.91 x 0.98 x 0.66 x 1.2 x 1.37 x 1.17 x
EV / Revenue - 0.91 x 0.98 x 0.66 x 1.2 x 1.37 x 1.17 x
EV / EBITDA - - - - 6.64 x 6.33 x 5.87 x
EV / FCF - 23.5 x 48.1 x 2.7 x 5.64 x -792 x -
FCF Yield - 4.25% 2.08% 37.1% 17.7% -0.13% -
Price to Book - 1.09 x - - 1.16 x 1.38 x 1.19 x
Nbr of stocks (in thousands) 81,399 78,953 78,953 78,953 78,956 79,843 -
Reference price 2 27.00 36.30 51.40 31.00 45.00 59.50 59.50
Announcement Date 23/03/20 22/03/21 24/03/22 22/03/23 15/03/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 - 3,135 4,159 3,727 2,959 3,461 4,046
EBITDA 1 - - - - 535.3 750 809
EBIT 1 - 385.6 552.7 371.3 297.1 482.5 709
Operating Margin - 12.3% 13.29% 9.96% 10.04% 13.94% 17.52%
Earnings before Tax (EBT) - - - - - - -
Net income 175.7 - - - - - -
Net margin - - - - - - -
EPS 2.140 - - - - - -
Free Cash Flow 1 - 121.7 84.4 907.8 630.2 -6 -
FCF margin - 3.88% 2.03% 24.36% 21.3% -0.17% -
FCF Conversion (EBITDA) - - - - 117.73% - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 23/03/20 22/03/21 24/03/22 22/03/23 15/03/24 - -
1TWD in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 999.1 1,060 917.9 668.2 758.3 - 710.8 673 831 978.5 978.5 862 975
EBITDA - - - - - - - - - - - - -
EBIT 1 105.1 146 68.4 55.94 52.53 - 74.21 42.26 114.5 161 165.5 128 159
Operating Margin 10.52% 13.77% 7.45% 8.37% 6.93% - 10.44% 6.28% 13.78% 16.45% 16.91% 14.85% 16.31%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income - - - - - 110.7 - - - - - - -
Net margin - - - - - - - - - - - - -
EPS - - - - - 1.230 - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 06/05/22 05/08/22 04/11/22 10/05/23 09/08/23 08/11/23 15/03/24 09/05/24 - - - - -
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 122 84.4 908 630 -6 -
ROE (net income / shareholders' equity) - 8.41% 12.4% 11.2% 7.1% 12% 12.8%
ROA (Net income/ Total Assets) - 4.88% 6.99% 6.45% 4.3% 7.05% 7.52%
Assets - - - - - - -
Book Value Per Share 2 - 33.20 - - 39.00 43.20 49.90
Cash Flow per Share - - - - - - -
Capex 1 - 189 238 155 83.9 223 200
Capex / Sales - 6.02% 5.73% 4.16% 2.84% 6.44% 4.94%
Announcement Date 23/03/20 22/03/21 24/03/22 22/03/23 15/03/24 - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
59.5 TWD
Average target price
61.67 TWD
Spread / Average Target
+3.64%
Consensus

Quarterly revenue - Rate of surprise

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