Financials eMemory Technology Inc.

Equities

3529

TW0003529004

Semiconductors

End-of-day quote Taipei Exchange 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
2,570 TWD +1.58% Intraday chart for eMemory Technology Inc. -1.72% +4.90%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,475 44,321 163,279 99,614 182,873 191,867 - -
Enterprise Value (EV) 1 26,475 42,570 160,796 99,614 180,172 188,517 187,593 184,860
P/E ratio 48.8 x 62.5 x 148 x 62.1 x 124 x 97.7 x 73.1 x 40.4 x
Yield 1.96% 1.26% 0.64% 1.42% 0.71% 0.84% 1.08% 1.56%
Capitalization / Revenue 18.8 x 24.9 x 69.1 x 31 x 60 x 51.7 x 39.8 x 25.9 x
EV / Revenue 18.8 x 24 x 68 x 31 x 59.1 x 50.8 x 38.9 x 25 x
EV / EBITDA 39.1 x 48.3 x 121 x 51.7 x 99.1 x 82.8 x 59 x 34 x
EV / FCF - 46.1 x 122 x - 122 x 103 x 86.5 x -
FCF Yield - 2.17% 0.82% - 0.82% 0.97% 1.16% -
Price to Book 15.6 x 22.7 x 66 x 33.2 x 60.5 x 48.3 x 40.1 x 23.5 x
Nbr of stocks (in thousands) 74,264 74,489 74,556 74,617 74,642 74,656 - -
Reference price 2 356.5 595.0 2,190 1,335 2,450 2,570 2,570 2,570
Announcement Date 12/02/20 09/02/21 10/02/22 08/02/23 06/02/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,410 1,777 2,364 3,217 3,050 3,712 4,821 7,406
EBITDA 1 676.5 882.1 1,328 1,928 1,818 2,276 3,179 5,444
EBIT 1 621.3 822.6 1,269 1,853 1,693 2,182 3,124 5,380
Operating Margin 44.06% 46.3% 53.68% 57.62% 55.49% 58.79% 64.8% 72.64%
Earnings before Tax (EBT) 1 633.2 830.8 1,283 - 1,751 2,308 2,728 -
Net income 1 542.1 708 1,101 1,612 1,474 1,939 2,422 -
Net margin 38.44% 39.85% 46.58% 50.11% 48.34% 52.22% 50.23% -
EPS 2 7.300 9.520 14.78 21.51 19.70 26.31 35.15 63.60
Free Cash Flow 1 - 923.8 1,321 - 1,478 1,830 2,168 -
FCF margin - 52% 55.87% - 48.46% 49.28% 44.97% -
FCF Conversion (EBITDA) - 104.72% 99.42% - 81.3% 80.39% 68.2% -
FCF Conversion (Net income) - 130.48% 119.94% - 100.26% 94.37% 89.52% -
Dividend per Share 2 7.000 7.500 14.00 19.00 17.50 21.53 27.65 40.08
Announcement Date 12/02/20 09/02/21 10/02/22 08/02/23 06/02/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 631.4 727.1 796.3 790.6 902.7 667.8 696.6 787.1 898.9 802.8 859.7 978.5 1,047 1,116
EBITDA 1 346.9 427.6 480.1 465.6 555 392.7 401 450.4 574.2 456.4 541.8 624.1 690.7 769.1
EBIT 1 331.7 413.3 460.1 445.4 534.6 367.1 368.8 417.2 539.5 420.6 493.8 592.3 654.5 733.5
Operating Margin 52.54% 56.84% 57.78% 56.34% 59.22% 54.97% 52.94% 53.01% 60.02% 52.4% 57.44% 60.53% 62.54% 65.73%
Earnings before Tax (EBT) 1 332.5 428.1 475.3 485.5 520 371.5 415.9 486.2 477.4 511.5 516.7 610.7 672.3 -
Net income 1 287.3 366 408.9 406.4 430.5 313.1 351.7 405.9 403.8 430.6 435.4 510.7 563.8 639.9
Net margin 45.5% 50.34% 51.35% 51.41% 47.69% 46.89% 50.49% 51.57% 44.92% 53.64% 50.65% 52.19% 53.87% 57.34%
EPS 2 3.860 4.890 5.470 5.430 5.770 4.200 4.710 5.430 5.360 5.770 5.820 6.820 7.526 8.503
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/02/22 26/04/22 28/07/22 27/10/22 08/02/23 27/04/23 27/07/23 25/10/23 06/02/24 03/05/24 - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 1,751 2,483 - 2,702 3,349 4,273 7,006
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 924 1,321 - 1,478 1,830 2,168 -
ROE (net income / shareholders' equity) 31.6% 38.3% 49.3% 58.2% 48.5% 58.5% 62.8% 68.4%
ROA (Net income/ Total Assets) - 31.4% 38.9% 45.5% 38.5% 46.4% 48.1% -
Assets 1 - 2,255 2,832 3,543 3,828 4,177 5,035 -
Book Value Per Share 2 22.90 26.20 33.20 40.20 40.50 53.20 64.10 109.0
Cash Flow per Share 2 - 12.40 - - 20.40 29.40 48.90 70.50
Capex 1 - 19.5 26.8 - 47.5 50.7 73.7 148
Capex / Sales - 1.1% 1.13% - 1.56% 1.37% 1.53% 2%
Announcement Date 12/02/20 09/02/21 10/02/22 08/02/23 06/02/24 - - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
2,570 TWD
Average target price
3,063 TWD
Spread / Average Target
+19.18%
Consensus
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