Financials Radiant Opto-Electronics Corporation

Equities

6176

TW0006176001

Electronic Equipment & Parts

End-of-day quote Taiwan S.E. 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
203.5 TWD -0.25% Intraday chart for Radiant Opto-Electronics Corporation -1.93% +53.01%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 55,803 53,013 46,968 48,828 61,849 94,633 - -
Enterprise Value (EV) 1 33,567 33,376 34,503 20,795 32,815 62,869 62,600 62,272
P/E ratio 9.64 x 10.3 x 9.17 x 7.41 x 11.7 x 15.2 x 16.6 x 29.1 x
Yield 6.67% 7.02% 7.92% - - 4.7% 4.22% 3.4%
Capitalization / Revenue 0.99 x 0.95 x 0.83 x 0.83 x 1.4 x 1.97 x 1.85 x 2.39 x
EV / Revenue 0.6 x 0.6 x 0.61 x 0.35 x 0.74 x 1.31 x 1.23 x 1.58 x
EV / EBITDA 3.92 x 3.76 x 4.18 x 2.34 x 5.06 x 8.44 x 8.04 x 12.7 x
EV / FCF 5.36 x 7.2 x 4.53 x 2 x 6.28 x 11.9 x 13.3 x 14.6 x
FCF Yield 18.7% 13.9% 22.1% 50.1% 15.9% 8.37% 7.52% 6.85%
Price to Book 2.03 x 1.81 x 1.53 x 1.44 x 1.8 x 2.55 x 2.54 x 2.66 x
Nbr of stocks (in thousands) 465,027 465,027 465,027 465,027 465,027 465,027 - -
Reference price 2 120.0 114.0 101.0 105.0 133.0 203.5 203.5 203.5
Announcement Date 26/03/20 24/02/21 24/02/22 23/02/23 29/02/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 56,121 56,093 56,924 58,701 44,089 48,037 51,019 39,535
EBITDA 1 8,558 8,886 8,262 8,901 6,483 7,446 7,782 4,899
EBIT 1 7,297 7,996 7,563 8,226 5,722 6,155 6,656 4,048
Operating Margin 13% 14.26% 13.29% 14.01% 12.98% 12.81% 13.05% 10.24%
Earnings before Tax (EBT) 1 8,242 6,946 7,532 12,667 7,542 8,692 7,866 4,648
Net income 1 5,870 5,228 5,190 6,727 5,276 6,219 5,603 3,254
Net margin 10.46% 9.32% 9.12% 11.46% 11.97% 12.95% 10.98% 8.23%
EPS 2 12.45 11.08 11.01 14.17 11.35 13.38 12.23 7.000
Free Cash Flow 1 6,261 4,635 7,625 10,411 5,224 5,264 4,704 4,268
FCF margin 11.16% 8.26% 13.39% 17.74% 11.85% 10.96% 9.22% 10.8%
FCF Conversion (EBITDA) 73.16% 52.16% 92.29% 116.97% 80.57% 70.7% 60.46% 87.12%
FCF Conversion (Net income) 106.67% 88.67% 146.91% 154.76% 99.01% 84.64% 83.97% 131.16%
Dividend per Share 2 8.000 8.000 8.000 - - 9.573 8.590 6.910
Announcement Date 26/03/20 24/02/21 24/02/22 23/02/23 29/02/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 15,081 14,378 11,022 17,998 15,303 9,250 11,814 11,388 11,636 10,827 11,765 13,028 12,963 11,020 11,634
EBITDA - 1,976 1,294 3,058 - - - - - - - - - - -
EBIT 1 2,109 1,810 1,126 2,892 2,398 983.6 1,641 1,490 1,608 1,269 1,480 1,728 1,713 1,223 1,411
Operating Margin 13.99% 12.59% 10.22% 16.07% 15.67% 10.63% 13.89% 13.08% 13.82% 11.72% 12.58% 13.26% 13.21% 11.1% 12.13%
Earnings before Tax (EBT) 1 1,851 - 2,778 5,243 2,063 1,047 3,109 2,713 673.3 2,684 1,892 2,074 2,000 1,516 1,734
Net income 1 961.9 2,077 1,663 1,840 1,147 736 2,231 1,904 404.9 1,945 1,335 1,513 1,417 1,080 1,199
Net margin 6.38% 14.44% 15.09% 10.22% 7.5% 7.96% 18.88% 16.72% 3.48% 17.96% 11.35% 11.61% 10.93% 9.8% 10.31%
EPS 2 2.030 4.410 3.540 3.890 2.400 1.560 4.800 4.100 0.8800 4.150 2.776 3.252 3.045 2.325 2.580
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 24/02/22 28/04/22 28/07/22 27/10/22 23/02/23 26/04/23 28/07/23 26/10/23 29/02/24 24/04/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 22,237 19,637 12,465 28,033 29,034 31,764 32,033 32,361
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 6,261 4,635 7,625 10,411 5,224 5,264 4,705 4,268
ROE (net income / shareholders' equity) 22.1% 18.4% 17.3% 20.8% 15.5% 17.5% 15% 9.2%
ROA (Net income/ Total Assets) 10.6% 9.83% 8.42% 10.1% 8.3% 10.1% 9.8% -
Assets 1 55,295 53,195 61,603 66,531 63,566 61,333 57,199 -
Book Value Per Share 2 59.00 63.10 66.10 73.00 73.80 79.70 80.20 76.40
Cash Flow per Share - - - - - - - -
Capex 1 302 205 672 606 569 584 606 297
Capex / Sales 0.54% 0.37% 1.18% 1.03% 1.29% 1.21% 1.19% 0.75%
Announcement Date 26/03/20 24/02/21 24/02/22 23/02/23 29/02/24 - - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
203.5 TWD
Average target price
177.2 TWD
Spread / Average Target
-12.90%
Consensus
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  4. Financials Radiant Opto-Electronics Corporation