Financials ASUSTeK Computer Inc. LUXEMBOURG S.E.

Equities

ACMR1

US04648R5063

Computer Hardware

End-of-day quote LUXEMBOURG S.E. 03:30:00 24/06/2024 am IST 5-day change 1st Jan Change
79.5 USD +0.63% Intraday chart for ASUSTeK Computer Inc. +5.30% -0.62%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,71,949 1,86,061 2,79,278 1,99,431 3,63,581 3,75,837 - -
Enterprise Value (EV) 1 93,011 1,14,674 2,20,217 1,78,961 3,00,755 3,28,112 3,28,886 3,11,156
P/E ratio 14.2 x 7.09 x 6.35 x 13.6 x 22.9 x 15.2 x 13.9 x 12.5 x
Yield 6.05% 10.4% 11.2% 5.59% 3.47% 5.53% 5.14% 5.94%
Capitalization / Revenue 0.49 x 0.45 x 0.52 x 0.37 x 0.75 x 0.67 x 0.58 x 0.49 x
EV / Revenue 0.26 x 0.28 x 0.41 x 0.33 x 0.62 x 0.58 x 0.51 x 0.41 x
EV / EBITDA 6.55 x 4.04 x 4.16 x 11.5 x 21.6 x 12.1 x 10.7 x 8.86 x
EV / FCF 3.35 x -24.6 x 7.22 x -10.4 x 5.97 x -41.6 x 73.4 x -
FCF Yield 29.9% -4.06% 13.9% -9.64% 16.8% -2.4% 1.36% -
Price to Book 0.97 x 0.92 x 1.2 x 0.94 x 1.52 x 1.52 x 1.48 x 1.5 x
Nbr of stocks (in thousands) 7,42,760 7,42,760 7,42,760 7,42,760 7,42,760 7,42,760 - -
Reference price 2 231.5 250.5 376.0 268.5 489.5 506.0 506.0 506.0
Announcement Date 17/03/20 17/03/21 16/03/22 12/03/23 15/03/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,51,330 4,12,780 5,35,239 5,37,192 4,82,314 5,62,391 6,42,650 7,64,565
EBITDA 1 14,190 28,361 52,914 15,603 13,935 27,011 30,725 35,137
EBIT 1 11,617 24,957 49,326 12,982 11,164 24,891 28,544 35,015
Operating Margin 3.31% 6.05% 9.22% 2.42% 2.31% 4.43% 4.44% 4.58%
Earnings before Tax (EBT) 1 19,304 33,120 59,089 21,616 22,094 33,496 36,314 36,989
Net income 1 12,139 26,558 44,550 14,691 15,928 24,918 26,626 27,855
Net margin 3.46% 6.43% 8.32% 2.73% 3.3% 4.43% 4.14% 3.64%
EPS 2 16.25 35.35 59.21 19.78 21.36 33.23 36.45 40.57
Free Cash Flow 1 27,799 -4,659 30,513 -17,245 50,399 -7,878 4,482 -
FCF margin 7.91% -1.13% 5.7% -3.21% 10.45% -1.4% 0.7% -
FCF Conversion (EBITDA) 195.91% - 57.67% - 361.66% - 14.59% -
FCF Conversion (Net income) 229.02% - 68.49% - 316.41% - 16.83% -
Dividend per Share 2 14.00 26.00 42.00 15.00 17.00 27.99 26.01 30.08
Announcement Date 17/03/20 17/03/21 16/03/22 12/03/23 15/03/24 - - -
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 1,51,904 1,38,423 1,26,922 1,44,771 1,27,076 1,11,398 1,15,704 1,35,052 1,20,161 1,21,697 1,31,836 1,54,003 1,54,854 1,46,429 1,50,711
EBITDA 1 13,327 11,325 3,394 - -3,598 -2,465 2,402 9,752 4,246 5,563 5,682 7,336 7,129 5,632 5,682
EBIT 1 12,907 10,676 2,750 3,822 -4,266 -3,121 1,714 9,046 3,525 4,848 5,442 7,862 6,558 5,247 6,234
Operating Margin 8.5% 7.71% 2.17% 2.64% -3.36% -2.8% 1.48% 6.7% 2.93% 3.98% 4.13% 5.11% 4.24% 3.58% 4.14%
Earnings before Tax (EBT) 1 14,783 13,711 3,244 8,035 -3,374 -1,429 3,135 14,133 6,255 7,276 7,049 12,216 7,644 6,933 7,380
Net income 1 12,058 10,430 1,896 6,189 -3,823 -1,682 2,586 11,097 3,927 5,447 4,846 8,968 5,622 5,379 5,409
Net margin 7.94% 7.53% 1.49% 4.27% -3.01% -1.51% 2.24% 8.22% 3.27% 4.48% 3.68% 5.82% 3.63% 3.67% 3.59%
EPS 2 15.98 13.87 2.550 8.270 -5.150 -2.260 3.480 14.89 5.280 7.300 6.523 12.08 7.568 7.476 7.579
Dividend per Share 2 - - - - - - - - - - - 24.06 - - -
Announcement Date 16/03/22 11/05/22 11/08/22 11/11/22 12/03/23 12/05/23 11/08/23 13/11/23 15/03/24 14/05/24 - - - - -
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 78,938 71,388 59,061 20,470 62,826 47,725 46,950 64,680
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 27,799 -4,659 30,513 -17,245 50,399 -7,878 4,483 -
ROE (net income / shareholders' equity) 7.18% 14% 20.5% 6.61% 7.04% 9.91% 10.5% 11.8%
ROA (Net income/ Total Assets) 3.5% 7.1% 9.89% 3.01% 3.35% 5.03% 5.43% -
Assets 1 3,47,085 3,74,263 4,50,335 4,87,661 4,75,627 4,95,628 4,89,960 -
Book Value Per Share 2 238.0 272.0 313.0 286.0 323.0 334.0 343.0 338.0
Cash Flow per Share 2 47.30 -2.790 43.30 -21.00 69.80 -1.590 11.00 -
Capex 1 7,528 2,566 2,178 1,524 1,688 1,468 1,723 1,173
Capex / Sales 2.14% 0.62% 0.41% 0.28% 0.35% 0.26% 0.27% 0.15%
Announcement Date 17/03/20 17/03/21 16/03/22 12/03/23 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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
506 TWD
Average target price
550.1 TWD
Spread / Average Target
+8.71%
Consensus
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  5. Financials ASUSTeK Computer Inc.