Financials Global Brands Manufacture Ltd.

Equities

6191

TW0006191000

Semiconductors

End-of-day quote Taiwan S.E. 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
71.2 TWD -1.93% Intraday chart for Global Brands Manufacture Ltd. -2.06% +10.39%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,415 8,842 13,018 18,237 12,984 30,349
Enterprise Value (EV) 1 10,962 13,894 16,685 21,967 12,700 28,865
P/E ratio 11.5 x 8.53 x 7.4 x 6.68 x 5.27 x 9.61 x
Yield 2.38% 2.92% 3.18% 4.54% 9.51% -
Capitalization / Revenue 0.29 x 0.4 x 0.57 x 0.66 x 0.54 x 1.33 x
EV / Revenue 0.49 x 0.64 x 0.73 x 0.8 x 0.52 x 1.26 x
EV / EBITDA 5.99 x 5.73 x 4.68 x 5.4 x 3.41 x 6.15 x
EV / FCF -16.6 x -109 x 8.93 x 16.8 x 3.91 x 15 x
FCF Yield -6.02% -0.92% 11.2% 5.94% 25.6% 6.66%
Price to Book 0.49 x 0.61 x 0.85 x 1.14 x 0.73 x 1.49 x
Nbr of stocks (in thousands) 468,369 474,303 474,303 472,463 471,303 470,532
Reference price 2 13.70 18.64 27.45 38.60 27.55 64.50
Announcement Date 22/03/19 02/03/20 25/03/21 17/03/22 09/03/23 29/02/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 22,298 21,846 22,816 27,621 24,251 22,879
EBITDA 1 1,831 2,427 3,568 4,071 3,726 4,692
EBIT 1 628.2 1,053 2,358 3,104 2,627 3,532
Operating Margin 2.82% 4.82% 10.33% 11.24% 10.83% 15.44%
Earnings before Tax (EBT) 1 639.9 1,153 2,352 3,719 3,531 4,115
Net income 1 557.3 1,030 1,763 2,891 2,473 3,159
Net margin 2.5% 4.72% 7.73% 10.47% 10.2% 13.81%
EPS 2 1.193 2.185 3.706 5.780 5.230 6.710
Free Cash Flow 1 -659.6 -127.6 1,868 1,306 3,248 1,923
FCF margin -2.96% -0.58% 8.19% 4.73% 13.39% 8.41%
FCF Conversion (EBITDA) - - 52.34% 32.08% 87.19% 40.99%
FCF Conversion (Net income) - - 105.93% 45.16% 131.37% 60.88%
Dividend per Share 2 0.3261 0.5435 0.8730 1.751 2.621 -
Announcement Date 22/03/19 02/03/20 25/03/21 17/03/22 09/03/23 29/02/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q2 2023 Q3
Net sales 1 5,910 6,083
EBITDA - -
EBIT 1 697.1 1,108
Operating Margin 11.8% 18.21%
Earnings before Tax (EBT) 1 939.1 1,436
Net income 1 647.5 1,207
Net margin 10.96% 19.85%
EPS 2 1.390 2.570
Dividend per Share - -
Announcement Date 30/08/23 09/11/23
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4,547 5,053 3,667 3,730 - -
Net Cash position 1 - - - - 285 1,484
Leverage (Debt/EBITDA) 2.484 x 2.082 x 1.028 x 0.9163 x - -
Free Cash Flow 1 -660 -128 1,868 1,306 3,248 1,923
ROE (net income / shareholders' equity) 3.19% 6.07% 10.9% 18.6% 14.6% 16.3%
ROA (Net income/ Total Assets) 1.42% 2.2% 4.74% 5.96% 4.87% 6.2%
Assets 1 39,282 46,885 37,207 48,510 50,815 50,932
Book Value Per Share 2 27.70 30.70 32.40 33.90 37.70 43.40
Cash Flow per Share 2 7.430 7.820 8.540 8.590 16.80 21.00
Capex 1 1,734 1,183 710 1,605 940 1,057
Capex / Sales 7.77% 5.42% 3.11% 5.81% 3.88% 4.62%
Announcement Date 22/03/19 02/03/20 25/03/21 17/03/22 09/03/23 29/02/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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