Financials Syscom Computer Engineering Co.

Equities

2453

TW0002453008

IT Services & Consulting

End-of-day quote Taiwan S.E. 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
57.7 TWD +0.17% Intraday chart for Syscom Computer Engineering Co. -0.69% +3.96%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,120 1,685 1,810 2,900 2,550 5,550
Enterprise Value (EV) 1 571.6 1,500 1,119 2,215 1,928 4,726
P/E ratio 17.8 x 13.1 x 10.7 x 13.5 x 10.2 x 20 x
Yield 4.46% 5.93% 8.29% 6.55% 8.63% 4.32%
Capitalization / Revenue 0.24 x 0.29 x 0.31 x 0.49 x 0.43 x 0.87 x
EV / Revenue 0.12 x 0.25 x 0.19 x 0.38 x 0.32 x 0.74 x
EV / EBITDA 4.45 x 7.73 x 4.53 x 6.95 x 5.81 x 13.6 x
EV / FCF 2.85 x -9.83 x 2.37 x 13.8 x 50.1 x 8.83 x
FCF Yield 35.1% -10.2% 42.2% 7.22% 2% 11.3%
Price to Book 0.65 x 0.94 x 0.96 x 1.48 x 1.24 x 2.63 x
Nbr of stocks (in thousands) 100,000 100,000 100,000 100,000 100,000 100,000
Reference price 2 11.20 16.85 18.10 29.00 25.50 55.50
Announcement Date 28/03/19 26/03/20 24/03/21 22/03/22 22/03/23 14/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,727 5,911 5,758 5,870 5,951 6,384
EBITDA 1 128.3 194 246.8 318.8 332 346.6
EBIT 1 36.59 100.2 163.4 254.8 264.4 285.5
Operating Margin 0.77% 1.7% 2.84% 4.34% 4.44% 4.47%
Earnings before Tax (EBT) 1 81.25 150.7 212.9 271.9 304.7 329.5
Net income 1 62.91 129.2 170 215.8 250.7 278.3
Net margin 1.33% 2.18% 2.95% 3.68% 4.21% 4.36%
EPS 2 0.6291 1.290 1.690 2.150 2.500 2.780
Free Cash Flow 1 200.7 -152.6 471.9 160 38.51 535.2
FCF margin 4.25% -2.58% 8.19% 2.73% 0.65% 8.38%
FCF Conversion (EBITDA) 156.34% - 191.17% 50.2% 11.6% 154.41%
FCF Conversion (Net income) 318.95% - 277.63% 74.16% 15.36% 192.3%
Dividend per Share 2 0.5000 1.000 1.500 1.900 2.200 2.400
Announcement Date 28/03/19 26/03/20 24/03/21 22/03/22 22/03/23 14/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 548 185 691 685 622 824
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 201 -153 472 160 38.5 535
ROE (net income / shareholders' equity) 3.43% 7% 9% 11.1% 12.2% 13.3%
ROA (Net income/ Total Assets) 0.66% 1.64% 2.37% 3.74% 3.81% 3.84%
Assets 1 9,570 7,892 7,165 5,776 6,577 7,239
Book Value Per Share 2 17.30 18.00 18.80 19.60 20.50 21.10
Cash Flow per Share 2 5.380 5.450 3.800 4.680 6.010 8.840
Capex 1 40.9 31.9 43 40.3 48.5 59.3
Capex / Sales 0.87% 0.54% 0.75% 0.69% 0.81% 0.93%
Announcement Date 28/03/19 26/03/20 24/03/21 22/03/22 22/03/23 14/03/24
1TWD in Million2TWD
Estimates
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