Financials Taiwan Alpha Electronic Co., Ltd.

Equities

6204

TW0006204001

Electrical Components & Equipment

End-of-day quote Taipei Exchange 23:00:00 30/05/2024 BST 5-day change 1st Jan Change
152 TWD +7.04% Intraday chart for Taiwan Alpha Electronic Co., Ltd. +14.72% +11.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 657 561.4 3,165 1,661 1,354 3,153
Enterprise Value (EV) 1 -27.15 15.25 2,594 1,387 1,218 3,004
P/E ratio 14.6 x 23.4 x 97.9 x 5.82 x 63.9 x 7.65 x
Yield 5.49% 8.23% 7.3% 28.1% 5.8% 12.8%
Capitalization / Revenue 1.09 x 1.1 x 6.82 x 2.67 x 3.45 x 8.33 x
EV / Revenue -0.05 x 0.03 x 5.59 x 2.23 x 3.11 x 7.94 x
EV / EBITDA -0.34 x 0.26 x 41.6 x 17.4 x 46.9 x 98.3 x
EV / FCF -0.66 x 0.31 x 37.1 x 17.8 x 67.2 x 130 x
FCF Yield -151% 319% 2.7% 5.61% 1.49% 0.77%
Price to Book 0.73 x 0.73 x 4.2 x 3.6 x 4.2 x 9.83 x
Nbr of stocks (in thousands) 23,102 23,102 23,102 23,102 23,102 23,102
Reference price 2 28.44 24.30 137.0 71.90 58.60 136.5
Announcement Date 28/03/19 30/03/20 29/03/21 15/03/22 15/03/23 29/02/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 602.6 509 464.1 623 391.9 378.4
EBITDA 1 79.76 59.39 62.39 79.76 25.96 30.57
EBIT 1 52.66 30.54 35.18 56.33 7.04 19.09
Operating Margin 8.74% 6% 7.58% 9.04% 1.8% 5.05%
Earnings before Tax (EBT) 1 75.45 43.27 39.29 321.5 28.8 462.4
Net income 1 45.52 32.18 32.48 286.6 21.18 413.6
Net margin 7.56% 6.32% 7% 46% 5.4% 109.32%
EPS 2 1.953 1.040 1.400 12.35 0.9169 17.85
Free Cash Flow 1 41.04 48.67 69.94 77.79 18.11 23.18
FCF margin 6.81% 9.56% 15.07% 12.49% 4.62% 6.13%
FCF Conversion (EBITDA) 51.45% 81.94% 112.1% 97.53% 69.78% 75.84%
FCF Conversion (Net income) 90.14% 151.24% 215.35% 27.14% 85.5% 5.6%
Dividend per Share 2 1.562 2.000 10.00 20.20 3.400 17.43
Announcement Date 28/03/19 30/03/20 29/03/21 15/03/22 15/03/23 29/02/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 684 546 571 274 136 150
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 41 48.7 69.9 77.8 18.1 23.2
ROE (net income / shareholders' equity) 5.08% 3.86% 4.28% 47.2% 5.41% 129%
ROA (Net income/ Total Assets) 3% 1.86% 2.3% 4.31% 0.79% 2.58%
Assets 1 1,516 1,726 1,412 6,656 2,688 16,061
Book Value Per Share 2 39.00 33.10 32.60 20.00 14.00 13.90
Cash Flow per Share 2 19.70 17.00 16.90 12.50 6.420 8.280
Capex 1 10.5 11.2 2.35 3.29 7.73 10.9
Capex / Sales 1.75% 2.2% 0.51% 0.53% 1.97% 2.88%
Announcement Date 28/03/19 30/03/20 29/03/21 15/03/22 15/03/23 29/02/24
1TWD in Million2TWD
Estimates
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