Financials Kingstate Electronics Corp.

Equities

3206

TW0003206009

Electronic Equipment & Parts

End-of-day quote Taipei Exchange 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
49 TWD +0.20% Intraday chart for Kingstate Electronics Corp. +1.03% +9.38%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,216 1,814 2,019 1,759 1,735 2,639
Enterprise Value (EV) 1 769.4 1,576 1,849 1,617 1,203 1,695
P/E ratio 10.5 x 10.8 x 13 x 12.5 x 8.25 x 9.35 x
Yield 6.96% 5.94% 5.34% 6.03% 7.47% 5.58%
Capitalization / Revenue 0.42 x 0.54 x 0.6 x 0.41 x 0.42 x 0.74 x
EV / Revenue 0.27 x 0.47 x 0.55 x 0.38 x 0.29 x 0.48 x
EV / EBITDA 4.06 x 7.22 x 7.4 x 8.97 x 3.96 x 4.79 x
EV / FCF 5.15 x -27.2 x -104 x -46.8 x 3.33 x 4.05 x
FCF Yield 19.4% -3.67% -0.96% -2.14% 30% 24.7%
Price to Book 1.34 x 1.88 x 1.97 x 1.5 x 1.34 x 1.83 x
Nbr of stocks (in thousands) 53,917 53,917 53,917 58,917 58,917 58,917
Reference price 2 22.55 33.65 37.45 29.85 29.45 44.80
Announcement Date 28/03/19 25/03/20 29/03/21 18/03/22 13/03/23 22/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,869 3,356 3,390 4,263 4,147 3,553
EBITDA 1 189.6 218.3 249.7 180.3 303.9 353.5
EBIT 1 158.6 184.8 208.6 142.4 263.1 315.5
Operating Margin 5.53% 5.51% 6.15% 3.34% 6.34% 8.88%
Earnings before Tax (EBT) 1 168.5 227.5 202.9 181.3 324.6 396.8
Net income 1 116.3 169.9 156.4 131.3 212.1 284.1
Net margin 4.05% 5.06% 4.61% 3.08% 5.11% 8%
EPS 2 2.147 3.130 2.890 2.380 3.570 4.790
Free Cash Flow 1 149.3 -57.87 -17.72 -34.58 361.5 418.4
FCF margin 5.2% -1.72% -0.52% -0.81% 8.72% 11.77%
FCF Conversion (EBITDA) 78.72% - - - 118.94% 118.35%
FCF Conversion (Net income) 128.35% - - - 170.42% 147.25%
Dividend per Share 2 1.569 2.000 2.000 1.800 2.200 2.500
Announcement Date 28/03/19 25/03/20 29/03/21 18/03/22 13/03/23 22/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 446 238 170 141 532 944
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 149 -57.9 -17.7 -34.6 361 418
ROE (net income / shareholders' equity) 13.2% 18.1% 15.7% 12% 17.2% 20.8%
ROA (Net income/ Total Assets) 5.49% 5.75% 5.74% 3.31% 5.79% 6.9%
Assets 1 2,120 2,955 2,724 3,967 3,665 4,119
Book Value Per Share 2 16.80 17.90 19.00 19.90 22.00 24.40
Cash Flow per Share 2 8.190 4.660 5.170 7.930 12.30 19.10
Capex 1 13.4 55.5 73.3 48.3 44 29.1
Capex / Sales 0.47% 1.65% 2.16% 1.13% 1.06% 0.82%
Announcement Date 28/03/19 25/03/20 29/03/21 18/03/22 13/03/23 22/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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