Financials Abico AVY Co., Ltd.

Equities

5392

TW0005392005

Electronic Equipment & Parts

End-of-day quote Taipei Exchange 03:30:00 10/05/2024 am IST 5-day change 1st Jan Change
28.45 TWD +4.21% Intraday chart for Abico AVY Co., Ltd. +5.18% +18.05%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,886 5,533 4,191 4,535 3,427 4,048
Enterprise Value (EV) 1 3,097 5,537 3,975 4,231 3,514 3,695
P/E ratio 109 x 27.4 x -34.1 x 77.2 x -35.2 x 73 x
Yield 1.58% 1.5% 1.2% 1.11% 1.48% -
Capitalization / Revenue 0.32 x 0.46 x 0.38 x 0.38 x 0.33 x 0.43 x
EV / Revenue 0.26 x 0.46 x 0.36 x 0.36 x 0.33 x 0.39 x
EV / EBITDA 3.04 x 6.16 x 5.21 x 4.69 x 6.15 x 7.24 x
EV / FCF 3.14 x 29.9 x 6.23 x 38.3 x 6.71 x 5.02 x
FCF Yield 31.8% 3.35% 16.1% 2.61% 14.9% 19.9%
Price to Book 0.92 x 1.03 x 0.81 x 0.88 x 0.64 x 0.73 x
Nbr of stocks (in thousands) 1,33,076 1,69,000 1,67,975 1,67,975 1,67,975 1,67,975
Reference price 2 29.20 32.74 24.95 27.00 20.40 24.10
Announcement Date 01/04/19 31/03/20 31/03/21 31/03/22 31/03/23 01/04/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 12,142 12,096 10,899 11,849 10,518 9,421
EBITDA 1 1,018 898.6 763.7 901.2 571.7 510.2
EBIT 1 277.8 186.9 121.2 278.8 15.38 3.084
Operating Margin 2.29% 1.55% 1.11% 2.35% 0.15% 0.03%
Earnings before Tax (EBT) 1 364.7 574.5 55.39 377 176.5 231.2
Net income 1 35.62 189.3 -123.1 58.74 -96.95 55.95
Net margin 0.29% 1.56% -1.13% 0.5% -0.92% 0.59%
EPS 2 0.2678 1.195 -0.7314 0.3497 -0.5800 0.3300
Free Cash Flow 1 985.7 185.5 638.1 110.3 523.7 735.4
FCF margin 8.12% 1.53% 5.86% 0.93% 4.98% 7.81%
FCF Conversion (EBITDA) 96.85% 20.64% 83.56% 12.24% 91.6% 144.14%
FCF Conversion (Net income) 2,766.9% 97.99% - 187.87% - 1,314.35%
Dividend per Share 2 0.4607 0.4901 0.3000 0.3000 0.3018 -
Announcement Date 01/04/19 31/03/20 31/03/21 31/03/22 31/03/23 01/04/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 3.71 - - 87.2 -
Net Cash position 1 789 - 216 305 - 353
Leverage (Debt/EBITDA) - 0.004124 x - - 0.1525 x -
Free Cash Flow 1 986 185 638 110 524 735
ROE (net income / shareholders' equity) 2.9% 6.09% -1.19% 3.18% 0.36% 1.58%
ROA (Net income/ Total Assets) 1.24% 0.8% 0.5% 1.11% 0.06% 0.01%
Assets 1 2,870 23,545 -24,832 5,306 -1,57,901 4,47,616
Book Value Per Share 2 31.70 31.80 30.70 30.80 32.10 33.20
Cash Flow per Share 2 26.10 18.50 15.90 20.30 20.90 21.20
Capex 1 408 391 353 270 317 140
Capex / Sales 3.36% 3.23% 3.24% 2.27% 3.02% 1.49%
Announcement Date 01/04/19 31/03/20 31/03/21 31/03/22 31/03/23 01/04/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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