Financials Sitronix Technology Corporation

Equities

8016

TW0008016007

Semiconductors

End-of-day quote Taiwan S.E. 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
264 TWD -2.22% Intraday chart for Sitronix Technology Corporation -4.00% -5.04%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 12,083 20,123 19,522 38,358 21,227 33,230
Enterprise Value (EV) 1 9,902 15,894 12,222 26,100 13,156 24,510
P/E ratio 14.5 x 16.5 x 14.2 x 6.49 x 6 x 18.1 x
Yield 4.98% 3.88% 4.62% 10% 12.4% 4.32%
Capitalization / Revenue 1.17 x 1.46 x 1.41 x 1.72 x 1.18 x 1.99 x
EV / Revenue 0.96 x 1.15 x 0.89 x 1.17 x 0.73 x 1.47 x
EV / EBITDA 7.93 x 6.85 x 4.77 x 3.09 x 2.6 x 8.64 x
EV / FCF 18.7 x 7.57 x 6.47 x 4.46 x -18.2 x 10.3 x
FCF Yield 5.36% 13.2% 15.4% 22.4% -5.51% 9.71%
Price to Book 2.56 x 3.68 x 2.94 x 3.26 x 1.86 x 3.02 x
Nbr of stocks (in thousands) 120,227 120,137 120,137 119,868 119,589 119,531
Reference price 2 100.5 167.5 162.5 320.0 177.5 278.0
Announcement Date 27/03/19 25/03/20 18/03/21 23/03/22 27/03/23 13/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,331 13,803 13,805 22,256 18,028 16,723
EBITDA 1 1,249 2,319 2,562 8,436 5,060 2,837
EBIT 1 1,043 2,086 2,292 8,150 4,742 2,504
Operating Margin 10.09% 15.12% 16.6% 36.62% 26.31% 14.97%
Earnings before Tax (EBT) 1 1,122 2,203 2,524 8,354 5,106 2,841
Net income 1 840.4 1,231 1,385 6,006 3,610 1,858
Net margin 8.13% 8.92% 10.03% 26.99% 20.03% 11.11%
EPS 2 6.940 10.17 11.44 49.29 29.57 15.39
Free Cash Flow 1 530.6 2,099 1,888 5,851 -724.3 2,380
FCF margin 5.14% 15.21% 13.68% 26.29% -4.02% 14.23%
FCF Conversion (EBITDA) 42.49% 90.49% 73.71% 69.35% - 83.9%
FCF Conversion (Net income) 63.14% 170.55% 136.34% 97.42% - 128.09%
Dividend per Share 2 5.000 6.500 7.500 32.00 22.00 12.00
Announcement Date 27/03/19 25/03/20 18/03/21 23/03/22 27/03/23 13/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1
Net sales 1 6,093 5,594
EBITDA - -
EBIT 1 2,340 1,948
Operating Margin 38.41% 34.82%
Earnings before Tax (EBT) 1 2,403 2,068
Net income 1 1,775 1,418
Net margin 29.14% 25.35%
EPS 2 14.55 11.63
Dividend per Share - -
Announcement Date 23/03/22 11/05/22
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,181 4,228 7,300 12,258 8,071 8,720
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 531 2,099 1,888 5,851 -724 2,380
ROE (net income / shareholders' equity) 19.9% 32.8% 27.2% 57.8% 28.2% 16.5%
ROA (Net income/ Total Assets) 8.46% 13.6% 11.7% 27.9% 13.9% 7.92%
Assets 1 9,929 9,025 11,881 21,512 25,962 23,478
Book Value Per Share 2 39.20 45.50 55.30 98.10 95.60 92.00
Cash Flow per Share 2 17.10 24.40 46.60 66.20 47.40 46.00
Capex 1 218 256 385 836 649 461
Capex / Sales 2.11% 1.85% 2.79% 3.75% 3.6% 2.76%
Announcement Date 27/03/19 25/03/20 18/03/21 23/03/22 27/03/23 13/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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