Financials Alchip Technologies, Limited

Equities

3661

KYG022421088

Semiconductors

End-of-day quote Taiwan S.E. 03:30:00 15/05/2024 am IST 5-day change 1st Jan Change
2,855 TWD +5.35% Intraday chart for Alchip Technologies, Limited +3.07% -12.82%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,198 38,486 72,039 56,564 2,43,184 2,25,360 - -
Enterprise Value (EV) 1 11,844 33,585 63,825 49,880 2,29,048 2,13,263 2,11,858 2,13,161
P/E ratio - 49.1 x 51 x 30.7 x 72 x 37.1 x 27.2 x 17.5 x
Yield 1.52% 1.1% 1.03% 1.63% 0.69% 0.75% 1.69% 2.23%
Capitalization / Revenue 3.28 x 5.44 x 6.91 x 4 x 7.89 x 4.89 x 4.06 x 2.78 x
EV / Revenue 2.73 x 4.74 x 6.12 x 3.53 x 7.43 x 4.63 x 3.82 x 2.63 x
EV / EBITDA 8.47 x 16.1 x 19 x 11.4 x 39.6 x 20.9 x 16.2 x 12.2 x
EV / FCF - - -64.1 x -39.2 x 32.8 x 53.8 x 41.5 x -
FCF Yield - - -1.56% -2.55% 3.05% 1.86% 2.41% -
Price to Book 4.3 x 9.91 x 6.97 x 4.55 x 13.5 x 8.79 x 7.36 x 6.09 x
Nbr of stocks (in thousands) 60,544 61,974 70,627 71,782 74,255 78,935 - -
Reference price 2 234.5 621.0 1,020 788.0 3,275 2,855 2,855 2,855
Announcement Date 26/03/20 05/03/21 04/03/22 15/03/23 08/03/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,332 7,079 10,428 14,147 30,810 46,082 55,444 81,047
EBITDA 1 1,399 2,080 3,360 4,369 5,783 10,204 13,046 17,482
EBIT 1 470.1 987.1 1,828 2,382 3,801 6,871 9,836 16,169
Operating Margin 10.85% 13.94% 17.53% 16.84% 12.34% 14.91% 17.74% 19.95%
Earnings before Tax (EBT) 1 - - 1,901 2,456 4,198 7,367 9,950 -
Net income 1 - - 1,490 1,890 3,357 6,062 8,174 -
Net margin - - 14.29% 13.36% 10.9% 13.16% 14.74% -
EPS 2 - 12.64 20.00 25.70 45.50 76.95 105.1 163.2
Free Cash Flow 1 - - -996.2 -1,273 6,985 3,960 5,099 -
FCF margin - - -9.55% -9% 22.67% 8.59% 9.2% -
FCF Conversion (EBITDA) - - - - 120.79% 38.81% 39.09% -
FCF Conversion (Net income) - - - - 208.08% 65.33% 62.38% -
Dividend per Share 2 3.570 6.800 10.52 12.86 22.71 21.49 48.19 63.53
Announcement Date 26/03/20 05/03/21 04/03/22 15/03/23 08/03/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,485 2,617 2,975 3,551 4,556 5,716 7,928 7,610 9,167 10,490 11,321 12,627 12,815 11,683 11,328
EBITDA 1 842.9 975 1,156 1,102 1,137 939.6 1,271 1,466 2,119 1,619 2,517 2,998 3,203 2,784 2,739
EBIT 1 413.5 547.5 569.3 567.4 615.2 636.3 870.8 1,008 1,241 1,212 1,524 1,862 2,166 2,107 2,112
Operating Margin 16.64% 20.92% 19.14% 15.98% 13.51% 11.13% 10.98% 13.24% 13.53% 11.55% 13.46% 14.74% 16.9% 18.04% 18.65%
Earnings before Tax (EBT) 1 440.5 567.5 543.7 590.2 671.5 729.1 921.5 1,135 1,412 1,533 1,569 1,842 2,284 2,176 2,048
Net income 1 353.1 448.6 428 443.6 504.7 582.5 734.9 885.1 1,115 1,230 1,255 1,455 1,805 1,797 1,638
Net margin 14.21% 17.14% 14.39% 12.49% 11.08% 10.19% 9.27% 11.63% 12.16% 11.73% 11.09% 11.52% 14.09% 15.39% 14.46%
EPS 2 4.690 6.320 5.760 5.940 7.160 8.090 9.700 12.03 15.20 15.14 16.52 19.80 22.75 22.80 23.26
Dividend per Share 2 - - - - - - - - - - - 21.48 0.0129 - -
Announcement Date 04/03/22 29/04/22 29/08/22 10/11/22 15/03/23 15/05/23 24/08/23 10/11/23 08/03/24 10/05/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 2,354 4,901 8,214 6,685 14,136 12,097 13,502 12,199
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -996 -1,273 6,985 3,961 5,099 -
ROE (net income / shareholders' equity) 13.9% 23.2% 20.9% 15.7% 21.4% 31.2% 29.6% 37.7%
ROA (Net income/ Total Assets) 9.7% 11.6% 13.3% 11.1% 12.7% 23.5% 18.9% 25.4%
Assets 1 - - 11,185 16,995 26,347 25,786 43,136 -
Book Value Per Share 2 54.50 62.70 146.0 173.0 242.0 325.0 388.0 469.0
Cash Flow per Share 2 26.50 68.90 4.640 -3.280 121.0 104.0 139.0 94.40
Capex 1 511 1,281 1,342 1,027 2,321 1,681 3,470 8,878
Capex / Sales 11.79% 18.09% 12.86% 7.26% 7.53% 3.65% 6.26% 10.95%
Announcement Date 26/03/20 05/03/21 04/03/22 15/03/23 08/03/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
2,855 TWD
Average target price
4,188 TWD
Spread / Average Target
+46.70%
Consensus
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  4. Financials Alchip Technologies, Limited
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