Financials Metaage Corporation

Equities

6112

TW0006112006

Computer Hardware

End-of-day quote Taiwan S.E. 23:00:00 19/05/2024 BST 5-day change 1st Jan Change
58.8 TWD +0.51% Intraday chart for Metaage Corporation -1.34% -15.64%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,365 6,470 8,259 7,487 6,159 13,129
Enterprise Value (EV) 1 4,010 5,798 8,276 8,470 7,318 15,530
P/E ratio 10.7 x 13.5 x 15.2 x 13.1 x 15.1 x 22.3 x
Yield 4.96% 8.73% 5.7% 6.29% 6.12% 3.95%
Capitalization / Revenue 0.3 x 0.53 x 0.61 x 0.63 x 0.51 x 0.66 x
EV / Revenue 0.36 x 0.47 x 0.61 x 0.71 x 0.6 x 0.78 x
EV / EBITDA 8.75 x 11.5 x 12.1 x 15.9 x 15.3 x 26 x
EV / FCF 94.3 x -25.6 x 762 x -54.1 x 18.6 x -103 x
FCF Yield 1.06% -3.9% 0.13% -1.85% 5.37% -0.97%
Price to Book 1.49 x 1.51 x 1.93 x 1.75 x 1.45 x 2.95 x
Nbr of stocks (in thousands) 122,357 188,357 188,357 188,357 188,357 188,357
Reference price 2 27.50 34.35 43.85 39.75 32.70 69.70
Announcement Date 14/03/19 06/03/20 26/02/21 25/02/22 23/02/23 01/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 11,187 12,307 13,513 11,953 12,113 19,814
EBITDA 1 458.3 502.5 684.5 533.7 479.2 597.8
EBIT 1 427.3 467.3 650 486.8 431.3 485.4
Operating Margin 3.82% 3.8% 4.81% 4.07% 3.56% 2.45%
Earnings before Tax (EBT) 1 445.1 517.5 730.2 706.4 532.8 708.2
Net income 1 318.1 379.5 549 577.6 418.2 586.6
Net margin 2.84% 3.08% 4.06% 4.83% 3.45% 2.96%
EPS 2 2.564 2.550 2.890 3.040 2.170 3.130
Free Cash Flow 1 42.54 -226.1 10.86 -156.6 392.9 -150.6
FCF margin 0.38% -1.84% 0.08% -1.31% 3.24% -0.76%
FCF Conversion (EBITDA) 9.28% - 1.59% - 81.99% -
FCF Conversion (Net income) 13.38% - 1.98% - 93.94% -
Dividend per Share 2 1.364 3.000 2.500 2.500 2.000 2.750
Announcement Date 14/03/19 06/03/20 26/02/21 25/02/22 23/02/23 01/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 645 - 16.5 982 1,159 2,402
Net Cash position 1 - 673 - - - -
Leverage (Debt/EBITDA) 1.408 x - 0.0241 x 1.84 x 2.418 x 4.018 x
Free Cash Flow 1 42.5 -226 10.9 -157 393 -151
ROE (net income / shareholders' equity) 14.6% 11.6% 12.6% 13.2% 9.63% 10.6%
ROA (Net income/ Total Assets) 4.31% 4.05% 5.07% 3.58% 3.05% 2.61%
Assets 1 7,376 9,378 10,826 16,134 13,698 22,473
Book Value Per Share 2 18.50 22.80 22.70 22.80 22.50 23.60
Cash Flow per Share 2 4.680 3.690 3.880 3.450 4.160 4.810
Capex 1 43.2 156 3.28 7.53 8.73 11.3
Capex / Sales 0.39% 1.27% 0.02% 0.06% 0.07% 0.06%
Announcement Date 14/03/19 06/03/20 26/02/21 25/02/22 23/02/23 01/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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