Financials Senao International Co.,Ltd.

Equities

2450

TW0002450004

Computer & Electronics Retailers

End-of-day quote Taiwan S.E. 23:00:00 05/05/2024 BST 5-day change 1st Jan Change
39.25 TWD +0.26% Intraday chart for Senao International Co.,Ltd. +1.03% -0.38%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,039 8,290 9,168 8,626 7,928 10,175
Enterprise Value (EV) 1 6,333 6,415 6,962 6,190 6,691 8,661
P/E ratio 22.2 x 20.2 x 21 x 14.5 x 12.1 x 14.5 x
Yield 4.14% 4.52% 4.23% 5.99% 7.17% 5.08%
Capitalization / Revenue 0.29 x 0.29 x 0.34 x 0.28 x 0.25 x 0.33 x
EV / Revenue 0.2 x 0.22 x 0.26 x 0.2 x 0.21 x 0.28 x
EV / EBITDA 22.3 x 17.7 x 17.4 x 10.8 x 15.8 x 18 x
EV / FCF 12.7 x 17.7 x 7.53 x 13.7 x -9.69 x 10.2 x
FCF Yield 7.85% 5.65% 13.3% 7.3% -10.3% 9.77%
Price to Book 1.56 x 1.42 x 1.55 x 1.41 x 1.26 x 1.59 x
Nbr of stocks (in thousands) 258,253 258,253 258,253 258,253 258,253 258,253
Reference price 2 35.00 32.10 35.50 33.40 30.70 39.40
Announcement Date 28/02/19 21/02/20 19/02/21 18/02/22 17/02/23 08/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 31,241 28,865 27,007 31,039 31,159 31,269
EBITDA 1 284 361.9 400.4 573.3 423.7 480.3
EBIT 1 177 264.5 318.9 507.3 359.6 425.6
Operating Margin 0.57% 0.92% 1.18% 1.63% 1.15% 1.36%
Earnings before Tax (EBT) 1 406.7 479.9 516.5 715 793.4 813.3
Net income 1 405.9 411.2 436.9 596.9 658 705.7
Net margin 1.3% 1.42% 1.62% 1.92% 2.11% 2.26%
EPS 2 1.580 1.590 1.690 2.300 2.540 2.720
Free Cash Flow 1 497.1 362.3 924.9 452.2 -690.6 846.1
FCF margin 1.59% 1.26% 3.42% 1.46% -2.22% 2.71%
FCF Conversion (EBITDA) 175.05% 100.12% 230.96% 78.87% - 176.17%
FCF Conversion (Net income) 122.48% 88.11% 211.7% 75.74% - 119.9%
Dividend per Share 2 1.450 1.450 1.500 2.000 2.200 2.000
Announcement Date 28/02/19 21/02/20 19/02/21 18/02/22 17/02/23 08/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,705 1,875 2,205 2,436 1,237 1,514
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 497 362 925 452 -691 846
ROE (net income / shareholders' equity) 6.79% 7.02% 7.39% 9.88% 10.5% 11.1%
ROA (Net income/ Total Assets) 1.11% 1.67% 1.97% 2.98% 2.09% 2.62%
Assets 1 36,722 24,622 22,190 20,022 31,553 26,921
Book Value Per Share 2 22.50 22.60 22.90 23.70 24.40 24.80
Cash Flow per Share 2 9.730 9.950 10.80 11.50 7.200 8.400
Capex 1 60.9 17.4 13.9 26 35.7 42.3
Capex / Sales 0.19% 0.06% 0.05% 0.08% 0.11% 0.14%
Announcement Date 28/02/19 21/02/20 19/02/21 18/02/22 17/02/23 08/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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