Financials Excel Cell Electronic Co., Ltd.

Equities

2483

TW0002483005

Semiconductors

End-of-day quote Taiwan S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
23.4 TWD +0.43% Intraday chart for Excel Cell Electronic Co., Ltd. +0.65% -2.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,058 2,273 2,204 2,918 2,618 2,629
Enterprise Value (EV) 1 2,086 2,339 2,269 3,504 3,220 3,095
P/E ratio 12.4 x 14.4 x 26.6 x 19.1 x 15.7 x 75.3 x
Yield - - - 3.74% - 1.24%
Capitalization / Revenue 1.01 x 1.27 x 1.24 x 1.34 x 1.18 x 1.46 x
EV / Revenue 1.02 x 1.31 x 1.27 x 1.61 x 1.45 x 1.72 x
EV / EBITDA 10.2 x 17 x 15.8 x 23.4 x 12 x 23.6 x
EV / FCF -20.4 x 45.3 x -16.4 x -5.72 x -33.4 x 103 x
FCF Yield -4.9% 2.21% -6.1% -17.5% -3% 0.97%
Price to Book 0.86 x 0.94 x 0.93 x 1.15 x 1 x 1.04 x
Nbr of stocks (in thousands) 1,10,619 1,10,619 1,09,094 1,09,094 1,09,094 1,09,094
Reference price 2 18.60 20.55 20.20 26.75 24.00 24.10
Announcement Date 27/02/19 27/02/20 16/03/21 09/03/22 09/03/23 08/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,037 1,789 1,780 2,171 2,226 1,796
EBITDA 1 205.1 137.5 143.8 149.5 268 131.1
EBIT 1 85.44 18.26 23 11.71 113.8 -31.52
Operating Margin 4.19% 1.02% 1.29% 0.54% 5.11% -1.75%
Earnings before Tax (EBT) 1 186.9 173.7 90.56 233.7 221.7 25.37
Net income 1 166.1 158.6 83.27 153.1 167.8 35.28
Net margin 8.15% 8.86% 4.68% 7.05% 7.54% 1.96%
EPS 2 1.500 1.430 0.7600 1.400 1.530 0.3200
Free Cash Flow 1 -102.1 51.68 -138.4 -612.9 -96.51 30
FCF margin -5.01% 2.89% -7.78% -28.23% -4.34% 1.67%
FCF Conversion (EBITDA) - 37.58% - - - 22.89%
FCF Conversion (Net income) - 32.59% - - - 85.04%
Dividend per Share - - - 1.000 - 0.3000
Announcement Date 27/02/19 27/02/20 16/03/21 09/03/22 09/03/23 08/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 28.1 65.7 65.7 586 602 466
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.1371 x 0.4775 x 0.4567 x 3.917 x 2.244 x 3.556 x
Free Cash Flow 1 -102 51.7 -138 -613 -96.5 30
ROE (net income / shareholders' equity) 6.59% 6.62% 3.5% 6.27% 6.58% 1.44%
ROA (Net income/ Total Assets) 1.37% 0.31% 0.38% 0.18% 1.6% -0.45%
Assets 1 12,128 51,730 22,065 86,349 10,495 -7,830
Book Value Per Share 2 21.60 21.80 21.70 23.30 23.90 23.10
Cash Flow per Share 2 6.800 7.080 8.090 5.410 7.450 5.650
Capex 1 198 185 313 416 464 211
Capex / Sales 9.7% 10.35% 17.58% 19.15% 20.83% 11.77%
Announcement Date 27/02/19 27/02/20 16/03/21 09/03/22 09/03/23 08/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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