Financials Global Unichip Corp.

Equities

3443

TW0003443008

Semiconductors

End-of-day quote Taiwan S.E. 23:00:00 02/05/2024 BST 5-day change 1st Jan Change
1,345 TWD -2.18% Intraday chart for Global Unichip Corp. +1.89% -22.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,297 45,430 78,530 85,901 233,179 180,246 - -
Enterprise Value (EV) 1 29,755 41,533 72,943 80,052 225,541 170,257 167,916 164,217
P/E ratio 51.2 x 53.6 x 54 x 23.3 x 66.9 x 49.7 x 35 x 26.2 x
Yield 2.07% 1.47% 0.85% 2.18% 0.8% 1.2% 1.49% 1.88%
Capitalization / Revenue 3.02 x 3.35 x 5.2 x 3.57 x 8.89 x 6.32 x 4.96 x 4.04 x
EV / Revenue 2.78 x 3.06 x 4.83 x 3.33 x 8.6 x 5.97 x 4.62 x 3.68 x
EV / EBITDA 23 x 25.3 x 31.1 x 16.8 x 49.2 x 38 x 26.3 x 19.4 x
EV / FCF -77.8 x 13.3 x 17.6 x 62.8 x 51.2 x 46.4 x 42 x 18.9 x
FCF Yield -1.28% 7.53% 5.67% 1.59% 1.95% 2.16% 2.38% 5.29%
Price to Book 7.4 x 10.1 x 14.9 x 10.7 x 24.2 x 16.1 x 12.8 x 9.8 x
Nbr of stocks (in thousands) 134,011 134,011 134,011 134,011 134,011 134,012 - -
Reference price 2 241.0 339.0 586.0 641.0 1,740 1,345 1,345 1,345
Announcement Date 05/02/20 27/01/21 26/01/22 02/02/23 31/01/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,710 13,569 15,108 24,040 26,241 28,521 36,341 44,600
EBITDA 1 1,295 1,642 2,345 4,751 4,584 4,479 6,378 8,453
EBIT 1 697.2 963.9 1,674 4,099 3,969 4,078 5,903 7,894
Operating Margin 6.51% 7.1% 11.08% 17.05% 15.12% 14.3% 16.24% 17.7%
Earnings before Tax (EBT) 1 783.1 1,002 1,741 4,345 4,155 4,215 6,115 9,337
Net income 1 633.5 850 1,460 3,710 3,508 3,581 5,213 7,983
Net margin 5.91% 6.26% 9.66% 15.43% 13.37% 12.55% 14.34% 17.9%
EPS 2 4.710 6.320 10.86 27.47 26.02 27.04 38.47 51.27
Free Cash Flow 1 -382.4 3,129 4,139 1,274 4,407 3,670 4,002 8,683
FCF margin -3.57% 23.06% 27.4% 5.3% 16.79% 12.87% 11.01% 19.47%
FCF Conversion (EBITDA) - 190.57% 176.47% 26.83% 96.14% 81.95% 62.76% 102.72%
FCF Conversion (Net income) - 368.06% 283.47% 34.35% 125.62% 102.51% 76.78% 108.77%
Dividend per Share 2 5.000 5.000 5.000 14.00 14.00 16.09 19.99 25.31
Announcement Date 05/02/20 27/01/21 26/01/22 02/02/23 31/01/24 - - -
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 2025 Q2
Net sales 1 4,910 4,514 5,381 6,062 8,083 6,529 6,587 6,810 6,315 5,690 6,651 7,625 8,261 7,845 8,366
EBITDA 1 - - - 1,313 1,650 1,254 1,181 1,256 984.5 858.7 998.7 1,183 1,300 1,357 1,378
EBIT 1 600.5 632.8 831.4 1,146 1,488 1,103 937.6 1,102 826.7 705.4 952.9 1,092 1,240 1,199 1,284
Operating Margin 12.23% 14.02% 15.45% 18.91% 18.41% 16.89% 14.23% 16.18% 13.09% 12.4% 14.33% 14.32% 15.01% 15.29% 15.35%
Earnings before Tax (EBT) 1 607 642.7 896.1 1,230 1,576 1,090 1,032 1,195 837.8 774.9 1,000 1,129 1,300 1,245 1,331
Net income 1 515 545.4 760.5 1,058 1,346 934.2 838.5 1,023 712 662.6 844.9 970.5 1,095 1,033 1,105
Net margin 10.49% 12.08% 14.13% 17.46% 16.66% 14.31% 12.73% 15.02% 11.28% 11.65% 12.7% 12.73% 13.25% 13.17% 13.21%
EPS 2 3.830 4.060 5.640 7.840 10.00 6.970 6.260 7.590 5.290 4.940 6.299 7.235 8.162 7.715 8.249
Dividend per Share 2 - - - - - - - - - - - 19.62 - - -
Announcement Date 26/01/22 28/04/22 28/07/22 27/10/22 02/02/23 27/04/23 27/07/23 26/10/23 31/01/24 25/04/24 - - - - -
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 2,542 3,897 5,587 5,849 7,638 9,989 12,330 16,029
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -382 3,129 4,139 1,274 4,407 3,671 4,003 8,683
ROE (net income / shareholders' equity) 14.6% 19.3% 30% 55.7% 39.5% 33.8% 39% 41.8%
ROA (Net income/ Total Assets) 7.7% 9.4% 11.9% 20.6% 16.6% 15.9% 19.2% 26.3%
Assets 1 8,225 9,043 12,302 18,023 21,131 22,522 27,135 30,354
Book Value Per Share 2 32.60 33.50 39.30 60.20 71.80 83.30 105.0 137.0
Cash Flow per Share 2 0.8000 24.50 31.50 11.80 33.60 34.40 40.10 55.20
Capex 1 490 161 91.8 320 102 254 329 399
Capex / Sales 4.58% 1.19% 0.61% 1.33% 0.39% 0.89% 0.91% 0.9%
Announcement Date 05/02/20 27/01/21 26/01/22 02/02/23 31/01/24 - - -
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
OUTPERFORM
Number of Analysts
13
Last Close Price
1,345 TWD
Average target price
1,471 TWD
Spread / Average Target
+9.38%
Consensus
  1. Stock Market
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  3. 3443 Stock
  4. Financials Global Unichip Corp.