Financials Niching Industrial Corporation

Equities

3444

TW0003444006

Semiconductors

End-of-day quote Taipei Exchange 23:00:00 02/05/2024 BST 5-day change 1st Jan Change
115 TWD -2.54% Intraday chart for Niching Industrial Corporation -4.17% +7.98%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 780.3 1,211 1,430 2,429 2,480 4,698
Enterprise Value (EV) 1 647.7 1,205 1,442 2,281 2,307 4,309
P/E ratio 13.2 x 11.6 x 13.5 x 18.2 x 12.7 x 49.3 x
Yield 5.01% 5.82% 4.92% 3.7% 5.99% 2.16%
Capitalization / Revenue 0.94 x 1.51 x 1.48 x 1.99 x 2.34 x 4.81 x
EV / Revenue 0.78 x 1.5 x 1.5 x 1.87 x 2.18 x 4.41 x
EV / EBITDA 10.3 x 12.1 x 11.4 x 14.1 x 16.9 x 49.1 x
EV / FCF -79.6 x -26.6 x 60 x 11 x 52.5 x 34.9 x
FCF Yield -1.26% -3.75% 1.67% 9.1% 1.9% 2.86%
Price to Book 1.2 x 1.74 x 1.94 x 3.01 x 2.69 x 4.32 x
Nbr of stocks (in thousands) 39,115 39,115 39,115 39,115 39,115 44,115
Reference price 2 19.95 30.95 36.55 62.10 63.40 106.5
Announcement Date 01/04/19 27/03/20 23/03/21 29/03/22 17/03/23 07/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 834.4 803.8 964.5 1,219 1,060 976.4
EBITDA 1 63.11 99.25 127.1 161.5 136.3 87.75
EBIT 1 54.8 90.72 118.7 150.6 124.1 75.28
Operating Margin 6.57% 11.29% 12.31% 12.35% 11.7% 7.71%
Earnings before Tax (EBT) 1 81.08 127.7 125.2 165.9 234.1 111.8
Net income 1 59.51 104.8 106.4 134.4 196 93.54
Net margin 7.13% 13.03% 11.04% 11.03% 18.48% 9.58%
EPS 2 1.510 2.660 2.700 3.420 4.980 2.160
Free Cash Flow 1 -8.134 -45.23 24.02 207.6 43.93 123.3
FCF margin -0.97% -5.63% 2.49% 17.04% 4.14% 12.63%
FCF Conversion (EBITDA) - - 18.91% 128.56% 32.23% 140.56%
FCF Conversion (Net income) - - 22.57% 154.47% 22.42% 131.85%
Dividend per Share 2 1.000 1.800 1.800 2.300 3.800 2.300
Announcement Date 01/04/19 27/03/20 23/03/21 29/03/22 17/03/23 07/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 12.6 - - -
Net Cash position 1 133 5.18 - 148 173 390
Leverage (Debt/EBITDA) - - 0.0993 x - - -
Free Cash Flow 1 -8.13 -45.2 24 208 43.9 123
ROE (net income / shareholders' equity) 9.67% 15.6% 14.9% 17.4% 22.7% 9.32%
ROA (Net income/ Total Assets) 3.87% 5.53% 6.08% 7.19% 5.65% 3.29%
Assets 1 1,539 1,895 1,751 1,869 3,468 2,843
Book Value Per Share 2 16.60 17.80 18.80 20.60 23.50 24.60
Cash Flow per Share 2 3.520 4.640 4.350 7.150 8.370 9.040
Capex 1 8.61 4.33 13.5 6.51 11.5 9.43
Capex / Sales 1.03% 0.54% 1.4% 0.53% 1.08% 0.97%
Announcement Date 01/04/19 27/03/20 23/03/21 29/03/22 17/03/23 07/03/24
1TWD in Million2TWD
Estimates
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