Financials Medical Imaging Corporation

Equities

6637

TW0006637002

Advanced Medical Equipment & Technology

End-of-day quote Taipei Exchange 23:00:00 28/05/2024 BST 5-day change 1st Jan Change
100 TWD +0.20% Intraday chart for Medical Imaging Corporation -9.91% +20.48%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 778 1,073 1,208 883.7 1,045 1,780
Enterprise Value (EV) 1 866 1,127 1,346 1,005 1,012 1,712
P/E ratio 9.97 x 10.8 x 12.6 x 11.5 x 9.38 x 14.7 x
Yield 6.27% 5% 4.44% 4.85% 5.75% 3.61%
Capitalization / Revenue 1.81 x 2.12 x 2.21 x 1.46 x 2.14 x 2.61 x
EV / Revenue 2.01 x 2.23 x 2.46 x 1.66 x 2.08 x 2.51 x
EV / EBITDA 6.38 x 6.55 x 7.56 x 5.32 x 5.12 x 6.78 x
EV / FCF -11.2 x 14.2 x 32.6 x 21.4 x 12 x 16.3 x
FCF Yield -8.92% 7.04% 3.07% 4.66% 8.34% 6.15%
Price to Book 2.47 x 2.95 x 2.94 x 2.04 x 2.07 x 3.17 x
Nbr of stocks (in thousands) 21,450 21,450 21,450 21,450 21,450 21,450
Reference price 2 36.27 50.01 56.30 41.20 48.70 83.00
Announcement Date 24/04/19 15/04/20 19/04/21 20/04/22 27/04/23 15/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 430.9 505.3 545.9 604.1 487.3 682.2
EBITDA 1 135.8 172 178.1 188.9 197.5 252.6
EBIT 1 101.8 126.7 129 134.7 146.4 211.7
Operating Margin 23.63% 25.08% 23.64% 22.3% 30.04% 31.03%
Earnings before Tax (EBT) 1 102.4 127.2 123.1 98.09 144.5 168.5
Net income 1 78.2 99.79 96.06 76.78 111.6 121.3
Net margin 18.15% 19.75% 17.6% 12.71% 22.9% 17.79%
EPS 2 3.636 4.640 4.460 3.570 5.190 5.640
Free Cash Flow 1 -77.21 79.35 41.26 46.88 84.42 105.2
FCF margin -17.92% 15.7% 7.56% 7.76% 17.32% 15.42%
FCF Conversion (EBITDA) - 46.13% 23.17% 24.82% 42.76% 41.66%
FCF Conversion (Net income) - 79.51% 42.95% 61.07% 75.65% 86.71%
Dividend per Share 2 2.273 2.500 2.500 2.000 2.800 3.000
Announcement Date 24/04/19 15/04/20 19/04/21 20/04/22 27/04/23 15/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 87.9 53.8 138 122 - -
Net Cash position 1 - - - - 32.7 68.2
Leverage (Debt/EBITDA) 0.6475 x 0.3127 x 0.7749 x 0.6436 x - -
Free Cash Flow 1 -77.2 79.3 41.3 46.9 84.4 105
ROE (net income / shareholders' equity) 27.2% 29.4% 24.8% 18.2% 23.8% 22.8%
ROA (Net income/ Total Assets) 12.2% 13.1% 11.9% 11% 11.9% 16.3%
Assets 1 640.3 763.9 809.6 697.4 936.8 745.7
Book Value Per Share 2 14.70 17.00 19.10 20.20 23.50 26.20
Cash Flow per Share 2 3.770 4.900 4.930 5.790 7.130 10.10
Capex 1 199 28.8 85.7 21.7 29.7 80.2
Capex / Sales 46.1% 5.71% 15.69% 3.59% 6.1% 11.75%
Announcement Date 24/04/19 15/04/20 19/04/21 20/04/22 27/04/23 15/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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