Financials Emerging Display Technologies Corp.

Equities

3038

TW0003038006

Electronic Equipment & Parts

End-of-day quote Taiwan S.E. 03:30:00 25/06/2024 am IST 5-day change 1st Jan Change
32.1 TWD +0.78% Intraday chart for Emerging Display Technologies Corp. +0.31% +6.29%

Valuation

Fiscal Period: December 2019 2021 2022 2023 2024
Capitalization 1 2,616 2,988 3,017 4,488 4,771
Enterprise Value (EV) 1 2,616 2,988 3,017 4,488 4,771
P/E ratio 10.2 x 12.2 x 7.17 x 10.8 x 11.4 x
Yield - - - - -
Capitalization / Revenue 0.64 x - 0.64 x - 1.09 x
EV / Revenue 0.64 x - 0.64 x - 1.09 x
EV / EBITDA - - - - -
EV / FCF - - 5.11 x - 36.1 x
FCF Yield - - 19.6% - 2.77%
Price to Book - - 1.3 x - 1.95 x
Nbr of stocks (in thousands) 1,48,613 1,53,614 1,48,614 1,48,614 1,48,614
Reference price 2 17.60 19.45 20.30 30.20 32.10
Announcement Date 27/03/20 28/03/22 24/03/23 11/03/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2021 2022 2023 2024
Net sales 1 4,108 - 4,693 - 4,365
EBITDA - - - - -
EBIT 1 - - 384.2 - 471
Operating Margin - - 8.19% - 10.79%
Earnings before Tax (EBT) 1 - - 500.8 - 525
Net income 1 - 237.3 420 418.2 420
Net margin - - 8.95% - 9.62%
EPS 2 1.720 1.590 2.830 2.790 2.820
Free Cash Flow 1 - - 590.4 - 132
FCF margin - - 12.58% - 3.02%
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - 140.56% - 31.43%
Dividend per Share - - - - -
Announcement Date 27/03/20 28/03/22 24/03/23 11/03/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 1,276 1,191 1,132 1,205 1,120 949.6 1,097 1,206 1,130
EBITDA - - - - - - - - - -
EBIT 1 - 98.96 120.5 109.1 103 109.7 - 117 127 123
Operating Margin - 7.75% 10.12% 9.64% 8.54% 9.79% - 10.67% 10.53% 10.88%
Earnings before Tax (EBT) 1 - 189.6 77.81 103.3 157.3 172.5 145.1 125 135 131
Net income 1 195 151.7 73.34 89.62 127.5 135.8 117.3 100 108 105
Net margin - 11.89% 6.16% 7.92% 10.58% 12.13% 12.35% 9.12% 8.96% 9.29%
EPS 2 1.300 1.020 0.5000 0.6000 0.8600 0.9100 0.7900 0.6700 0.7300 0.7000
Dividend per Share - - - - - - - - - -
Announcement Date 11/08/22 11/11/22 24/03/23 31/05/23 11/08/23 10/11/23 13/05/24 - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2021 2022 2023 2024
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 - - 590 - 132
ROE (net income / shareholders' equity) - - 19.3% - 15.4%
ROA (Net income/ Total Assets) - - 10.7% - 9.78%
Assets 1 - - 3,938 - 4,294
Book Value Per Share 2 - - 15.70 - 16.40
Cash Flow per Share - - - - -
Capex 1 - - 160 - 150
Capex / Sales - - 3.42% - 3.44%
Announcement Date 27/03/20 28/03/22 24/03/23 11/03/24 -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
32.1 TWD
Average target price
40 TWD
Spread / Average Target
+24.61%
Consensus
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