Financials Acer e-Enabling Service Business Inc.

Equities

6811

TW0006811003

IT Services & Consulting

End-of-day quote Taipei Exchange Other stock markets 03:30:00 16/05/2024 am IST			5-day change	1st Jan Change
269.5 ^TWD	-1.46%		-2.53%	-8.64%

15/03	Acer E-Enabling Service Business Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
12/03	Acer E-Enabling Service Business Inc. Proposes Cash Dividend for the Year Ended December 31, 2023, Payable on August 1, 2024	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025
Capitalization ¹	5,637	12,227	11,171	-
Enterprise Value (EV) ¹	5,637	12,227	7,882	7,633
P/E ratio	12.2 x	24.6 x	20.1 x	16.5 x
Yield	-	-	3.48%	4.24%
Capitalization / Revenue	-	1.62 x	1.34 x	1.2 x
EV / Revenue	-	1.62 x	0.95 x	0.82 x
EV / EBITDA	-	19.3 x	10.5 x	8.32 x
EV / FCF	-	-	9.14 x	12.5 x
FCF Yield	-	-	10.9%	8.03%
Price to Book	-	-	5.25 x	4.8 x
Nbr of stocks (in thousands)	41,449	41,449	41,449	-
Reference price ²	136.0	295.0	269.5	269.5
Announcement Date	29/03/23	15/03/24	-	-

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025
Net sales ¹	-	7,551	8,334	9,318
EBITDA ¹	-	633.1	754	917
EBIT ¹	-	606.9	660	810
Operating Margin	-	8.04%	7.92%	8.69%
Earnings before Tax (EBT) ¹	-	632	694	846
Net income ¹	436.8	501.3	555	677
Net margin	-	6.64%	6.66%	7.27%
EPS ²	11.16	12.00	13.39	16.32
Free Cash Flow ¹	-	-	862	613
FCF margin	-	-	10.34%	6.58%
FCF Conversion (EBITDA)	-	-	114.32%	66.85%
FCF Conversion (Net income)	-	-	155.32%	90.55%
Dividend per Share ²	-	-	9.370	11.43
Announcement Date	29/03/23	15/03/24	-	-

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q2	2022 Q3	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	-	1,849	1,810	2,230	1,790	1,720	2,170	2,275	2,005	1,884
EBITDA	-	-	-	175.6	-	141.3	-	183	200	173
EBIT ¹	-	137.3	146.6	168.1	-	137.7	174.5	159	176	150
Operating Margin	-	7.42%	8.1%	7.54%	-	8.01%	8.04%	6.99%	8.78%	7.96%
Earnings before Tax (EBT) ¹	-	-	-	179	-	135.3	178.9	165	192	158
Net income ¹	92.66	-	119.3	138	-	107.6	143.1	132	154	126
Net margin	-	-	6.59%	6.19%	-	6.26%	6.59%	5.8%	7.68%	6.69%
EPS ²	2.530	-	2.880	3.330	-	2.570	3.450	3.180	3.710	3.050
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	03/08/22	02/11/22	12/05/23	01/08/23	31/10/23	15/03/24	14/05/24	-	-	-

¹TWD in Million²TWD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025
Net Debt ¹	-	-	-	-
Net Cash position ¹	-	-	3,289	3,538
Leverage (Debt/EBITDA)	-	-	-	-
Free Cash Flow ¹	-	-	862	613
ROE (net income / shareholders' equity)	-	-	27.1%	30.4%
ROA (Net income/ Total Assets)	-	-	9.6%	11%
Assets ¹	-	-	5,781	6,155
Book Value Per Share ²	-	-	51.30	56.20
Cash Flow per Share ²	-	-	21.70	15.70
Capex ¹	-	-	2	3
Capex / Sales	-	-	0.02%	0.03%
Announcement Date	29/03/23	15/03/24	-	-

¹TWD in Million²TWD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Acer e-Enabling Service Business Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

269.5 TWD

Average target price

371 TWD

Spread / Average Target

+37.66%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Technology Consulting & Outsourcing Services

	1st Jan change	Capi.
ACER E-ENABLING SERVICE BUSINESS INC.	-8.64%	353M
VERISK ANALYTICS, INC.	+5.07%	35.36B
SS&C TECHNOLOGIES HOLDINGS, INC.	+4.68%	15.72B
SAMSUNG SDS CO.,LTD.	-4.88%	9.24B
OTSUKA CORPORATION	-0.03%	7.11B
REPLY S.P.A.	+14.48%	5.39B
POSCO DX COMPANY LTD.	-44.74%	4.59B
NEC NETWORKS & SYSTEM INTEGRATION CORPORATION	+0.50%	2.31B
DHC SOFTWARE CO.,LTD.	-16.53%	2.28B
CHINA TRANSINFO TECHNOLOGY CO., LTD	-19.09%	1.98B

Technology Consulting & Outsourcing Services