Financials Megawin Technology Co., Ltd.

Equities

3122

TW0003122008

Semiconductors

End-of-day quote Taipei Exchange 23:00:00 02/05/2024 BST 5-day change 1st Jan Change
41.9 TWD -0.59% Intraday chart for Megawin Technology Co., Ltd. +5.41% -8.11%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 586 461.5 732.9 2,202 980.7 1,806
Enterprise Value (EV) 1 388.8 280.5 601.4 1,919 894.2 1,699
P/E ratio -24.2 x -10.5 x -64.2 x 18.4 x 58.3 x -43.7 x
Yield - - - 3.83% 0.95% -
Capitalization / Revenue 1.46 x 1.14 x 1.48 x 2.8 x 1.92 x 4.86 x
EV / Revenue 0.97 x 0.69 x 1.22 x 2.44 x 1.75 x 4.58 x
EV / EBITDA -13.7 x -7.28 x -84 x 13.6 x 30.8 x -49.5 x
EV / FCF -10.6 x 35.3 x -12.7 x 22.1 x -7.68 x 33.4 x
FCF Yield -9.42% 2.83% -7.88% 4.52% -13% 3%
Price to Book 1.3 x 1.13 x 1.79 x 3.95 x 1.95 x 3.95 x
Nbr of stocks (in thousands) 38,300 38,300 39,300 38,300 39,149 39,609
Reference price 2 15.30 12.05 18.65 57.50 25.05 45.60
Announcement Date 27/02/19 27/02/20 26/02/21 16/02/22 17/02/23 27/02/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 401.3 404.5 494.7 785.8 510.9 371.3
EBITDA 1 -28.32 -38.52 -7.161 140.9 29.06 -34.28
EBIT 1 -37.19 -46.28 -13.98 134 22.14 -42.59
Operating Margin -9.27% -11.44% -2.83% 17.05% 4.33% -11.47%
Earnings before Tax (EBT) 1 -25.46 -44.28 -11.12 140.2 22.37 -41.07
Net income 1 -24.17 -43.97 -11.13 129.3 17.42 -41.27
Net margin -6.02% -10.87% -2.25% 16.46% 3.41% -11.12%
EPS 2 -0.6311 -1.150 -0.2905 3.118 0.4300 -1.043
Free Cash Flow 1 -36.64 7.952 -47.38 86.78 -116.4 50.93
FCF margin -9.13% 1.97% -9.58% 11.04% -22.78% 13.72%
FCF Conversion (EBITDA) - - - 61.58% - -
FCF Conversion (Net income) - - - 67.1% - -
Dividend per Share - - - 2.200 0.2372 -
Announcement Date 27/02/19 27/02/20 26/02/21 16/02/22 17/02/23 27/02/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1
Net sales 1 235.2 174.8
EBITDA - -
EBIT 1 57.67 39.5
Operating Margin 24.52% 22.6%
Earnings before Tax (EBT) 1 58.15 41.32
Net income 1 47.24 41.32
Net margin 20.08% 23.64%
EPS - -
Dividend per Share - -
Announcement Date 15/02/22 04/05/22
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 197 181 132 283 86.5 107
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -36.6 7.95 -47.4 86.8 -116 50.9
ROE (net income / shareholders' equity) -5.18% -10.2% -2.76% 27% 3.29% -8.59%
ROA (Net income/ Total Assets) -4.28% -5.67% -1.76% 11.7% 1.63% -3.56%
Assets 1 565.3 775.8 632.3 1,101 1,069 1,160
Book Value Per Share 2 11.80 10.60 10.40 14.50 12.80 11.50
Cash Flow per Share 2 2.020 1.710 2.820 9.350 3.670 4.780
Capex 1 2.16 0.52 1.07 2.17 5.96 1.05
Capex / Sales 0.54% 0.13% 0.22% 0.28% 1.17% 0.28%
Announcement Date 27/02/19 27/02/20 26/02/21 16/02/22 17/02/23 27/02/24
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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