GIGA-BYTE TECHNOLOGY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 310 TWD | -0.48% |
|
+3.68% | +16.54% |
| 23/04 | China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show | RE |
| 17/04 | Giga-Byte Technology Co., Ltd. announced that it expects to receive ¥1.8 billion in funding | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 31,594 | 49,457 | 98,383 | 67,626 | 1,69,093 | 1,97,064 | - | - |
| Enterprise Value (EV) 1 | 20,685 | 32,599 | 77,211 | 50,190 | 1,44,722 | 1,86,799 | 1,85,311 | 1,65,148 |
| P/E ratio | 16.5 x | 11.5 x | 7.55 x | 10.3 x | 35.7 x | 23.1 x | 18.4 x | - |
| Yield | 4.43% | 5.14% | 7.72% | 5.82% | - | 2.34% | 3.13% | 4.17% |
| Capitalization / Revenue | 0.51 x | 0.58 x | 0.81 x | 0.63 x | 1.24 x | 0.88 x | 0.74 x | 0.55 x |
| EV / Revenue | 0.33 x | 0.39 x | 0.63 x | 0.47 x | 1.06 x | 0.84 x | 0.69 x | 0.46 x |
| EV / EBITDA | 9.63 x | 6.63 x | 5.09 x | 7.63 x | 25.5 x | 16.6 x | 12.3 x | 7.4 x |
| EV / FCF | 6.23 x | 4.42 x | 9.94 x | 10.7 x | 78.3 x | -26.2 x | 81.9 x | - |
| FCF Yield | 16.1% | 22.6% | 10.1% | 9.35% | 1.28% | -3.82% | 1.22% | - |
| Price to Book | 1.3 x | 1.81 x | 2.63 x | 1.88 x | 4.51 x | 4.57 x | 3.96 x | 3.03 x |
| Nbr of stocks (in thousands) | 6,35,689 | 6,35,689 | 6,32,689 | 6,34,984 | 6,35,689 | 6,35,689 | - | - |
| Reference price 2 | 49.70 | 77.80 | 155.5 | 106.5 | 266.0 | 310.0 | 310.0 | 310.0 |
| Announcement Date | 18/03/20 | 18/03/21 | 15/03/22 | 14/03/23 | 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 | 61,781 | 84,603 | 1,21,905 | 1,07,264 | 1,36,773 | 2,22,944 | 2,66,683 | 3,58,528 |
| EBITDA 1 | 2,148 | 4,917 | 15,167 | 6,578 | 5,684 | 11,247 | 15,057 | 22,309 |
| EBIT 1 | 1,447 | 4,218 | 14,487 | 5,845 | 4,895 | 9,999 | 13,522 | 21,639 |
| Operating Margin | 2.34% | 4.99% | 11.88% | 5.45% | 3.58% | 4.49% | 5.07% | 6.04% |
| Earnings before Tax (EBT) 1 | 2,263 | 5,451 | 16,113 | 8,446 | 6,105 | 10,732 | 13,374 | - |
| Net income 1 | 1,939 | 4,374 | 13,338 | 6,539 | 4,743 | 8,693 | 10,570 | - |
| Net margin | 3.14% | 5.17% | 10.94% | 6.1% | 3.47% | 3.9% | 3.96% | - |
| EPS 2 | 3.020 | 6.790 | 20.60 | 10.29 | 7.460 | 13.43 | 16.85 | - |
| Free Cash Flow 1 | 3,321 | 7,367 | 7,768 | 4,693 | 1,848 | -7,134 | 2,262 | - |
| FCF margin | 5.37% | 8.71% | 6.37% | 4.38% | 1.35% | -3.2% | 0.85% | - |
| FCF Conversion (EBITDA) | 154.58% | 149.82% | 51.22% | 71.34% | 32.51% | - | 15.02% | - |
| FCF Conversion (Net income) | 171.23% | 168.42% | 58.24% | 71.78% | 38.97% | - | 21.39% | - |
| Dividend per Share 2 | 2.200 | 4.000 | 12.00 | 6.200 | - | 7.241 | 9.707 | 12.92 |
| Announcement Date | 18/03/20 | 18/03/21 | 15/03/22 | 14/03/23 | 15/03/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 31,295 | 30,457 | 32,610 | 22,662 | 24,192 | 27,800 | 28,030 | 26,134 | 37,013 | 45,596 | 51,284 | 49,777 | 54,683 | 56,959 | 50,096 |
| EBITDA 1 | 4,129 | 3,677 | 3,600 | 1,559 | 466.9 | 933.4 | 1,445 | 1,210 | 1,316 | 1,713 | 1,799 | 1,536 | 2,862 | 3,164 | - |
| EBIT 1 | 3,961 | 3,498 | 3,450 | 1,382 | 275.7 | 737.2 | 1,280 | 982.4 | 1,117 | 1,516 | 2,070 | 1,982 | 2,349 | 3,026 | 2,398 |
| Operating Margin | 12.66% | 11.49% | 10.58% | 6.1% | 1.14% | 2.65% | 4.57% | 3.76% | 3.02% | 3.32% | 4.04% | 3.98% | 4.3% | 5.31% | 4.79% |
| Earnings before Tax (EBT) 1 | 4,586 | 3,985 | 3,935 | 1,762 | 1,528 | 1,221 | 1,344 | 1,284 | 1,843 | 1,633 | 2,454 | 2,154 | 2,834 | 3,290 | 2,638 |
| Net income 1 | 3,591 | 3,700 | 3,067 | 981.7 | 1,169 | 1,321 | 1,025 | 889.5 | 1,479 | 1,350 | 1,904 | 1,646 | 2,246 | 2,724 | 2,056 |
| Net margin | 11.47% | 12.15% | 9.4% | 4.33% | 4.83% | 4.75% | 3.66% | 3.4% | 4% | 2.96% | 3.71% | 3.31% | 4.11% | 4.78% | 4.1% |
| EPS 2 | 5.530 | 5.810 | 4.730 | 1.530 | 1.820 | 2.070 | 1.590 | 1.400 | 2.310 | 2.120 | 2.857 | 2.581 | 3.489 | 4.237 | 3.387 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 4.478 | - | - |
| Announcement Date | 12/11/21 | 15/03/22 | 13/05/22 | 12/08/22 | 11/11/22 | 14/03/23 | 12/05/23 | 11/08/23 | 03/11/23 | 15/03/24 | - | - | - | - | - |
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 | 10,909 | 16,858 | 21,173 | 17,435 | 24,371 | 10,265 | 11,752 | 31,915 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,321 | 7,367 | 7,768 | 4,693 | 1,848 | -7,134 | 2,262 | - |
| ROE (net income / shareholders' equity) | 8.02% | 16.9% | 41.1% | 17.8% | 12.9% | 20.7% | 23.7% | 29.2% |
| ROA (Net income/ Total Assets) | 5.28% | 10% | 22.5% | 9.85% | 6.51% | 8.47% | 10.3% | - |
| Assets 1 | 36,723 | 43,569 | 59,304 | 66,375 | 72,861 | 1,02,671 | 1,02,527 | - |
| Book Value Per Share 2 | 38.20 | 43.10 | 59.00 | 56.50 | 58.90 | 67.90 | 78.30 | 102.0 |
| Cash Flow per Share 2 | 6.050 | 12.30 | 12.90 | 9.000 | 3.480 | -5.110 | 3.530 | - |
| Capex 1 | 566 | 534 | 587 | 1,122 | 417 | 881 | 851 | - |
| Capex / Sales | 0.92% | 0.63% | 0.48% | 1.05% | 0.3% | 0.4% | 0.32% | - |
| Announcement Date | 18/03/20 | 18/03/21 | 15/03/22 | 14/03/23 | 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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
310
TWD
Average target price
351.3
TWD
Spread / Average Target
+13.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.54% | 6.11B | |
| +72.13% | 93.94B | |
| +0.47% | 22.33B | |
| +7.38% | 18.91B | |
| -6.41% | 14.92B | |
| -3.86% | 12.99B | |
| -2.96% | 10.51B | |
| +13.03% | 10.33B | |
| +13.59% | 10.19B | |
| +17.75% | 9.33B |
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