Financials RiTdisplay Corporation

Equities

8104

TW0008104001

Semiconductors

End-of-day quote Taiwan S.E. 23:00:00 14/05/2024 BST 5-day change 1st Jan Change
33.4 TWD +1.52% Intraday chart for RiTdisplay Corporation +2.14% -4.57%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,833 3,855 3,645 5,059 2,519 2,578
Enterprise Value (EV) 1 5,768 4,261 3,626 5,187 3,766 3,554
P/E ratio 14.3 x 75.4 x 18.3 x 28.1 x 84.1 x -11.4 x
Yield 3.73% 0.61% 5.56% 2.66% 4.39% -
Capitalization / Revenue 1.92 x 2.3 x 2.23 x 2.27 x 0.93 x 0.96 x
EV / Revenue 2.29 x 2.55 x 2.21 x 2.33 x 1.39 x 1.32 x
EV / EBITDA 16.9 x 31.3 x 11.3 x 18.6 x 16.1 x 40.2 x
EV / FCF -21.9 x 67.5 x 13 x -20.1 x -3.09 x 9.45 x
FCF Yield -4.56% 1.48% 7.7% -4.97% -32.4% 10.6%
Price to Book 3.29 x 2.11 x 1.83 x 2.26 x 1.15 x 1.38 x
Nbr of stocks (in thousands) 60,110 67,630 67,630 67,009 73,652 73,652
Reference price 2 80.40 57.00 53.90 75.50 34.20 35.00
Announcement Date 29/03/19 31/03/20 31/03/21 30/03/22 30/03/23 06/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,520 1,673 1,638 2,226 2,714 2,682
EBITDA 1 341.9 136.3 320.8 279.1 234.5 88.44
EBIT 1 280.9 10.49 191.4 149.1 92.04 -60.56
Operating Margin 11.15% 0.63% 11.69% 6.7% 3.39% -2.26%
Earnings before Tax (EBT) 1 352.8 78.72 261.8 250.1 120 -4.163
Net income 1 340.4 50.93 206.6 192.2 29.92 -226.9
Net margin 13.51% 3.04% 12.61% 8.63% 1.1% -8.46%
EPS 2 5.640 0.7565 2.951 2.688 0.4066 -3.081
Free Cash Flow 1 -262.9 63.13 279 -257.9 -1,219 376.1
FCF margin -10.43% 3.77% 17.03% -11.59% -44.93% 14.02%
FCF Conversion (EBITDA) - 46.32% 86.97% - - 425.27%
FCF Conversion (Net income) - 123.97% 135.07% - - -
Dividend per Share 2 3.000 0.3500 2.995 2.005 1.500 -
Announcement Date 29/03/19 31/03/20 31/03/21 30/03/22 30/03/23 06/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 935 406 - 127 1,247 976
Net Cash position 1 - - 19.6 - - -
Leverage (Debt/EBITDA) 2.734 x 2.98 x - 0.4562 x 5.319 x 11.04 x
Free Cash Flow 1 -263 63.1 279 -258 -1,219 376
ROE (net income / shareholders' equity) 25.8% 3.22% 10.8% 9.04% 2.1% -9.13%
ROA (Net income/ Total Assets) 4.81% 0.18% 3.34% 2.43% 1.24% -0.73%
Assets 1 7,082 27,844 6,185 7,924 2,409 30,927
Book Value Per Share 2 24.40 27.00 29.50 33.40 29.90 25.40
Cash Flow per Share 2 8.050 9.900 13.70 10.30 7.520 13.00
Capex 1 93.9 128 23.8 141 698 79.1
Capex / Sales 3.73% 7.66% 1.45% 6.32% 25.71% 2.95%
Announcement Date 29/03/19 31/03/20 31/03/21 30/03/22 30/03/23 06/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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