GLORIA MATERIAL TECHNOLOGY CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 56 TWD | +2.00% |
|
-1.75% | +14.64% |
| 06/03 | Gloria Material Technology Corp. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 29/02 | Gloria Material Technology Corp. Announces Management Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 7,772 | 7,050 | 9,652 | 16,358 | 25,297 | 32,989 |
| Enterprise Value (EV) 1 | 16,419 | 15,337 | 19,343 | 16,358 | 25,297 | 32,989 |
| P/E ratio | 29.1 x | 34.4 x | 12.9 x | 8.8 x | 11.7 x | 12.5 x |
| Yield | 2.68% | 2.33% | 6.38% | - | - | - |
| Capitalization / Revenue | 0.74 x | 0.92 x | 1.1 x | 1.32 x | 1.87 x | 2.22 x |
| EV / Revenue | 0.74 x | 0.92 x | 1.1 x | 1.32 x | 1.87 x | 2.22 x |
| EV / EBITDA | 59,20,489 x | 1,02,36,159 x | - | 57,54,683 x | - | - |
| EV / FCF | 47.6 x | -179 x | -8.38 x | 21.1 x | - | 18.4 x |
| FCF Yield | 2.1% | -0.56% | -11.9% | 4.74% | - | 5.44% |
| Price to Book | 0.93 x | - | 1.12 x | 1.56 x | - | - |
| Nbr of stocks (in thousands) | 4,16,708 | 4,09,894 | 4,39,706 | 4,40,316 | 5,17,844 | 5,89,093 |
| Reference price 2 | 18.65 | 17.20 | 21.95 | 37.15 | 48.85 | 56.00 |
| Announcement Date | 26/03/20 | 18/03/21 | 25/02/22 | 02/03/23 | 06/03/24 | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net sales 1 | 10,562 | 7,640 | 8,771 | 12,365 | 13,525 | 14,838 |
| EBITDA | 1,313 | 688.8 | - | 2,843 | - | - |
| EBIT 1 | 484.1 | 131 | 1,074 | 2,415 | 2,374 | 2,687 |
| Operating Margin | 4.58% | 1.71% | 12.25% | 19.53% | 17.55% | 18.11% |
| Earnings before Tax (EBT) 1 | 351.6 | 276.2 | 1,018 | 2,593 | 2,896 | 2,989 |
| Net income 1 | 279.8 | 217.7 | 751.6 | 2,019 | 2,340 | 2,415 |
| Net margin | 2.65% | 2.85% | 8.57% | 16.33% | 17.3% | 16.28% |
| EPS 2 | 0.6400 | 0.5000 | 1.700 | 4.220 | 4.180 | 4.480 |
| Free Cash Flow 1 | 163.4 | -39.28 | -1,151 | 775.4 | - | 1,795 |
| FCF margin | 1.55% | -0.51% | -13.13% | 6.27% | - | 12.1% |
| FCF Conversion (EBITDA) | 12.45% | - | - | 27.28% | - | - |
| FCF Conversion (Net income) | 58.41% | - | - | 38.41% | - | 74.33% |
| Dividend per Share | 0.5000 | 0.4000 | 1.400 | - | - | - |
| Announcement Date | 26/03/20 | 18/03/21 | 25/02/22 | 02/03/23 | 06/03/24 | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,443 | 2,547 | 2,643 | 3,135 | 3,256 | 3,331 | 3,318 | 3,622 | 3,295 | 3,291 | 3,234 | 3,460 | 3,841 | 4,302 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 294.7 | 338.1 | 429.1 | 678.8 | 613.5 | 693.5 | 635.6 | 671.2 | 605.7 | 461.7 | 540 | 595 | 726 | 826 |
| Operating Margin | 12.06% | 13.27% | 16.23% | 21.65% | 18.84% | 20.82% | 19.16% | 18.53% | 18.38% | 14.03% | 16.7% | 17.2% | 18.9% | 19.2% |
| Earnings before Tax (EBT) 1 | 283.5 | 325.7 | 432.7 | 714 | 740 | 705.9 | 710.1 | 772.2 | 648.1 | 765.8 | 504 | 882 | 749 | 854 |
| Net income 1 | 202.1 | 245.2 | 345.9 | 549.4 | 561.2 | 562.2 | 552.3 | 602.2 | 523.7 | 661.3 | 404 | 714 | 606 | 692 |
| Net margin | 8.27% | 9.63% | 13.09% | 17.53% | 17.23% | 16.88% | 16.65% | 16.63% | 15.9% | 20.09% | 12.49% | 20.64% | 15.78% | 16.09% |
| EPS 2 | 0.4500 | 0.5500 | 0.7700 | 1.230 | 1.150 | 1.070 | 1.040 | 1.130 | 0.9100 | 1.110 | 0.7500 | 1.320 | 1.120 | 1.280 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 04/11/21 | 25/02/22 | 05/05/22 | 28/07/22 | 27/10/22 | 02/03/23 | 08/05/23 | 14/08/23 | 27/10/23 | 06/03/24 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net Debt | 8,647 | 8,287 | 9,691 | - | - | - |
| Net Cash position | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.587 x | 12.03 x | - | - | - | - |
| Free Cash Flow 1 | 163 | -39.3 | -1,151 | 775 | - | 1,795 |
| ROE (net income / shareholders' equity) | 3.44% | 2.68% | 8.8% | 20.7% | 18.6% | 15.8% |
| ROA (Net income/ Total Assets) | 1.4% | 1.08% | 3.53% | 8.52% | 8.4% | 8.1% |
| Assets 1 | 20,000 | 20,249 | 21,319 | 23,699 | 27,852 | 29,815 |
| Book Value Per Share | 20.10 | - | 19.60 | 23.90 | - | - |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex 1 | 1,344 | 1,404 | 814 | 922 | - | 1,000 |
| Capex / Sales | 12.72% | 18.38% | 9.28% | 7.45% | - | 6.74% |
| Announcement Date | 26/03/20 | 18/03/21 | 25/02/22 | 02/03/23 | 06/03/24 | - |
1TWD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
56
TWD
Average target price
55
TWD
Spread / Average Target
-1.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.64% | 1.02B | |
| -3.02% | 24.86B | |
| +18.55% | 21.11B | |
| -8.15% | 11.66B | |
| +14.03% | 11.18B | |
| +24.39% | 11.17B | |
| +10.27% | 10.12B | |
| -0.68% | 8.28B | |
| +12.78% | 7.79B | |
| +20.20% | 6.78B |
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