Financials Chenbro Micom Co., Ltd.

Equities

8210

TW0008210006

Computer Hardware

End-of-day quote Taiwan S.E. 03:30:00 29/04/2024 am IST 5-day change 1st Jan Change
289.5 TWD +0.35% Intraday chart for Chenbro Micom Co., Ltd. +5.85% +6.63%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 10,081 9,916 9,421 8,734 32,741 34,910 -
Enterprise Value (EV) 1 10,081 9,687 11,026 8,734 32,871 35,085 33,725
P/E ratio - 10.1 x 14 x 8.7 x 30.1 x 20.8 x 16.4 x
Yield - 4.88% 3.85% - 1.84% 2.53% 3.07%
Capitalization / Revenue 1.47 x 1.31 x 1 x 0.83 x 2.91 x 2.46 x 2 x
EV / Revenue 1.47 x 1.28 x 1.17 x 0.83 x 2.92 x 2.47 x 1.93 x
EV / EBITDA - 8.17 x 9.03 x 5.75 x 18.7 x 15.3 x 11.6 x
EV / FCF 9.92 x -14.3 x -7.1 x - 14.2 x 31.3 x 20.5 x
FCF Yield 10.1% -6.99% -14.1% - 7.02% 3.19% 4.88%
Price to Book - 2.52 x 2.27 x - 5.92 x 5.61 x 4.54 x
Nbr of stocks (in thousands) 1,19,726 1,20,926 1,20,788 1,20,632 1,20,594 1,20,587 -
Reference price 2 84.20 82.00 78.00 72.40 271.5 289.5 289.5
Announcement Date 18/03/20 22/03/21 15/03/22 16/03/23 13/03/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 6,835 7,545 9,423 10,558 11,247 14,200 17,481
EBITDA 1 - 1,185 1,221 1,518 1,760 2,286 2,898
EBIT 1 1,129 963.2 882.4 1,142 1,462 2,140 2,750
Operating Margin 16.52% 12.77% 9.36% 10.81% 13% 15.07% 15.73%
Earnings before Tax (EBT) 1 - 1,203 886 1,343 1,430 2,213 2,806
Net income 1 - 976.9 672.9 998.7 1,085 1,678 2,123
Net margin - 12.95% 7.14% 9.46% 9.65% 11.82% 12.14%
EPS 2 - 8.080 5.560 8.320 9.030 13.94 17.64
Free Cash Flow 1 1,016 -677 -1,552 - 2,309 1,120 1,646
FCF margin 14.87% -8.97% -16.47% - 20.53% 7.89% 9.42%
FCF Conversion (EBITDA) - - - - 131.17% 49% 56.79%
FCF Conversion (Net income) - - - - 212.68% 66.74% 77.53%
Dividend per Share 2 - 4.000 3.000 - 5.000 7.335 8.885
Announcement Date 18/03/20 22/03/21 15/03/22 16/03/23 13/03/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q3 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
Net sales 1 3,536 2,646 2,620 2,089 2,782 3,030 2,657 1,647 2,514 2,357 4,729 2,823 3,438 3,734 4,205 3,642
EBITDA 1 - - - - - - - - 411.3 350.5 887.6 517 595 631 657 -
EBIT 1 - 278.4 185.2 152.6 299.4 436.2 253.4 44.44 343.4 282.6 791.3 396.8 521 571.8 650.8 577
Operating Margin - 10.52% 7.07% 7.31% 10.76% 14.4% 9.53% 2.7% 13.66% 11.99% 16.73% 14.06% 15.15% 15.31% 15.47% 15.84%
Earnings before Tax (EBT) 1 - 283.8 205.2 170.4 373.3 594.9 204.1 28.58 378.3 326.3 696.4 437.2 540.5 579 656.2 582
Net income 1 - 215.2 154.2 126 276.9 439.1 156.7 27.72 249.2 250.4 558.1 346.2 398.5 437.8 495.5 446
Net margin - 8.13% 5.89% 6.03% 9.95% 14.49% 5.9% 1.68% 9.91% 10.62% 11.8% 12.27% 11.59% 11.72% 11.78% 12.25%
EPS 2 - 1.790 1.270 1.040 2.290 3.610 1.310 0.2300 2.070 2.070 4.640 2.878 3.310 3.638 4.118 3.700
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 10/08/20 09/11/21 15/03/22 12/05/22 11/08/22 11/11/22 16/03/23 12/05/23 09/08/23 08/11/23 13/03/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - 1,605 - 129 175 -
Net Cash position 1 - 229 - - - - 1,185
Leverage (Debt/EBITDA) - - 1.315 x - 0.0734 x 0.0766 x -
Free Cash Flow 1 1,016 -677 -1,552 - 2,309 1,120 1,646
ROE (net income / shareholders' equity) 27.3% 26.2% 16.6% - 20.8% 26.3% 27.9%
ROA (Net income/ Total Assets) 14.9% 13.5% 6.98% - 8.24% 10.8% 12.6%
Assets 1 - 7,221 9,645 - 13,165 15,583 16,912
Book Value Per Share 2 - 32.50 34.40 - 45.80 51.60 63.80
Cash Flow per Share 2 - - - - 20.80 11.50 14.50
Capex 1 129 1,008 1,995 - 215 427 334
Capex / Sales 1.88% 13.36% 21.17% - 1.92% 3% 1.91%
Announcement Date 18/03/20 22/03/21 15/03/22 16/03/23 13/03/24 - -
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
4
Last Close Price
289.5 TWD
Average target price
294.2 TWD
Spread / Average Target
+1.64%
Consensus
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