Financials Ablerex Electronics Co., Ltd.

Equities

3628

TW0003628004

Electrical Components & Equipment

End-of-day quote Taipei Exchange 03:30:00 14/05/2024 am IST 5-day change 1st Jan Change
46.6 TWD 0.00% Intraday chart for Ablerex Electronics Co., Ltd. -3.32% +7.37%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,485 1,508 1,773 1,771 1,917 1,953
Enterprise Value (EV) 1 1,536 1,731 1,956 2,273 2,374 2,186
P/E ratio 20.4 x 38.2 x 42.4 x 24.6 x 16.8 x 22.4 x
Yield 4.55% 2.99% 2.54% 3.18% 4.69% 4.61%
Capitalization / Revenue 0.59 x 0.61 x 0.75 x 0.59 x 0.63 x 0.67 x
EV / Revenue 0.61 x 0.7 x 0.83 x 0.76 x 0.78 x 0.75 x
EV / EBITDA 10 x 18.2 x 16.8 x 16.5 x 13 x 12.6 x
EV / FCF 30.9 x 1,055 x 26.2 x -8.38 x 43.6 x 7.56 x
FCF Yield 3.23% 0.09% 3.82% -11.9% 2.3% 13.2%
Price to Book 0.98 x 1.03 x 1.21 x 1.19 x 1.1 x 1.16 x
Nbr of stocks (in thousands) 45,000 45,000 45,000 45,000 45,000 45,000
Reference price 2 33.00 33.50 39.40 39.35 42.60 43.40
Announcement Date 28/03/19 31/03/20 30/03/21 30/03/22 31/03/23 19/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,531 2,462 2,362 2,985 3,058 2,925
EBITDA 1 153.1 95.26 116.8 137.8 183 172.8
EBIT 1 84.63 25.86 52.95 77.98 121.2 110.7
Operating Margin 3.34% 1.05% 2.24% 2.61% 3.96% 3.78%
Earnings before Tax (EBT) 1 104 43.34 60.69 87.2 141.4 116.6
Net income 1 73.16 39.5 41.92 72.16 114.7 87.69
Net margin 2.89% 1.6% 1.77% 2.42% 3.75% 3%
EPS 2 1.620 0.8778 0.9300 1.600 2.540 1.940
Free Cash Flow 1 49.65 1.64 74.69 -271.4 54.49 289.1
FCF margin 1.96% 0.07% 3.16% -9.09% 1.78% 9.88%
FCF Conversion (EBITDA) 32.42% 1.72% 63.97% - 29.78% 167.3%
FCF Conversion (Net income) 67.87% 4.15% 178.2% - 47.51% 329.68%
Dividend per Share 2 1.500 1.000 1.000 1.250 2.000 2.000
Announcement Date 28/03/19 31/03/20 30/03/21 30/03/22 31/03/23 19/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 51 223 183 502 457 233
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.3331 x 2.343 x 1.569 x 3.641 x 2.496 x 1.346 x
Free Cash Flow 1 49.6 1.64 74.7 -271 54.5 289
ROE (net income / shareholders' equity) 4.83% 2.69% 2.88% 4.88% 7% 5.25%
ROA (Net income/ Total Assets) 1.94% 0.58% 1.14% 1.54% 2.14% 1.96%
Assets 1 3,777 6,801 3,686 4,693 5,368 4,473
Book Value Per Share 2 33.70 32.60 32.60 33.10 38.60 37.40
Cash Flow per Share 2 4.470 4.990 6.600 5.980 5.760 6.700
Capex 1 30.1 22.1 20.2 50.1 90.5 40
Capex / Sales 1.19% 0.9% 0.85% 1.68% 2.96% 1.37%
Announcement Date 28/03/19 31/03/20 30/03/21 30/03/22 31/03/23 19/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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