Financials Bai Sha Technology Co., Ltd.

Equities

8401

TW0008401001

Commercial Printing Services

End-of-day quote Taipei Exchange 03:30:00 31/05/2024 am IST 5-day change 1st Jan Change
28.8 TWD +2.13% Intraday chart for Bai Sha Technology Co., Ltd. +3.41% +36.82%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 755.7 718.3 717.5 945.7 1,222 1,264
Enterprise Value (EV) 1 810.5 726.5 664.7 811.9 1,036 1,021
P/E ratio 12.6 x 24.9 x 15.9 x 8.04 x 9.21 x 11.6 x
Yield 7.05% 4.37% 5.86% 11% 9.82% 3.8%
Capitalization / Revenue 0.52 x 0.54 x 0.57 x 0.7 x 0.8 x 0.85 x
EV / Revenue 0.56 x 0.55 x 0.53 x 0.6 x 0.67 x 0.69 x
EV / EBITDA 4.36 x 4.75 x 4.07 x 4.08 x 4.34 x 4.54 x
EV / FCF 127 x 4.05 x 5.45 x 9.64 x 7.6 x 6.78 x
FCF Yield 0.79% 24.7% 18.3% 10.4% 13.2% 14.8%
Price to Book 0.8 x 0.78 x 0.8 x 0.96 x 1.2 x 1.26 x
Nbr of stocks (in thousands) 62,710 62,730 60,042 60,042 60,042 60,042
Reference price 2 12.05 11.45 11.95 15.75 20.35 21.05
Announcement Date 11/03/19 11/03/20 10/03/21 23/02/22 22/02/23 01/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,456 1,318 1,253 1,346 1,536 1,484
EBITDA 1 185.8 153 163.2 199.1 238.8 224.7
EBIT 1 70.58 41.14 61.87 106 154.6 142.7
Operating Margin 4.85% 3.12% 4.94% 7.88% 10.07% 9.62%
Earnings before Tax (EBT) 1 77.97 40.75 58.36 98.68 166.6 134.8
Net income 1 60.44 29.07 46.08 117.9 133.1 108.8
Net margin 4.15% 2.21% 3.68% 8.76% 8.66% 7.33%
EPS 2 0.9600 0.4600 0.7500 1.960 2.210 1.810
Free Cash Flow 1 6.392 179.2 121.9 84.25 136.3 150.6
FCF margin 0.44% 13.59% 9.73% 6.26% 8.88% 10.15%
FCF Conversion (EBITDA) 3.44% 117.09% 74.69% 42.32% 57.09% 67.04%
FCF Conversion (Net income) 10.58% 616.31% 264.51% 71.45% 102.46% 138.44%
Dividend per Share 2 0.8500 0.5000 0.7000 1.732 1.999 0.8000
Announcement Date 11/03/19 11/03/20 10/03/21 23/02/22 22/02/23 01/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 54.9 8.23 - - - -
Net Cash position 1 - - 52.8 134 186 243
Leverage (Debt/EBITDA) 0.2955 x 0.0538 x - - - -
Free Cash Flow 1 6.39 179 122 84.2 136 151
ROE (net income / shareholders' equity) 6.38% 3.13% 5.07% 12.5% 13.3% 10.8%
ROA (Net income/ Total Assets) 2.86% 1.72% 2.63% 4.5% 6.56% 6.2%
Assets 1 2,114 1,692 1,752 2,618 2,028 1,755
Book Value Per Share 2 15.00 14.60 15.00 16.30 16.90 16.70
Cash Flow per Share 2 3.310 3.970 5.170 6.330 6.390 6.190
Capex 1 81.7 40.4 48.1 43.2 40.7 58.7
Capex / Sales 5.61% 3.06% 3.84% 3.21% 2.65% 3.96%
Announcement Date 11/03/19 11/03/20 10/03/21 23/02/22 22/02/23 01/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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