HEADWAY ADVANCED MATERIALS INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.55 TWD | +1.64% |
|
+5.10% | +8.48% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,071 | 1,120 | 1,168 | 1,512 | 1,160 | 1,028 |
| Enterprise Value (EV) 1 | 1,235 | 1,230 | 1,335 | 1,264 | 994.2 | 959 |
| P/E ratio | -31.2 x | 18.8 x | 25.5 x | 10.6 x | 63.5 x | 43.8 x |
| Yield | - | - | 6.03% | 6.98% | 3.64% | 2.92% |
| Capitalization / Revenue | 0.56 x | 0.69 x | 0.85 x | 1.02 x | 0.8 x | 0.85 x |
| EV / Revenue | 0.64 x | 0.76 x | 0.97 x | 0.86 x | 0.69 x | 0.79 x |
| EV / EBITDA | 24.7 x | 9.13 x | 9.7 x | 8.97 x | 14.9 x | 14.7 x |
| EV / FCF | -6.72 x | -10.2 x | 51.8 x | 3.05 x | -3,715 x | 11 x |
| FCF Yield | -14.9% | -9.79% | 1.93% | 32.8% | -0.03% | 9.13% |
| Price to Book | 1.05 x | 1.12 x | 1.19 x | 1.44 x | 1.15 x | 1.17 x |
| Nbr of stocks (in thousands) | 59,475 | 59,839 | 60,148 | 60,137 | 60,109 | 60,109 |
| Reference price 2 | 18.01 | 18.71 | 19.42 | 25.15 | 19.30 | 17.10 |
| Announcement Date | 01/04/19 | 31/03/20 | 31/03/21 | 25/03/22 | 27/03/23 | 14/03/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,919 | 1,614 | 1,381 | 1,476 | 1,448 | 1,207 |
| EBITDA 1 | 50.04 | 134.7 | 137.7 | 140.8 | 66.51 | 65.38 |
| EBIT 1 | -14.12 | 78.29 | 87.13 | 90.55 | 14.7 | 12.38 |
| Operating Margin | -0.74% | 4.85% | 6.31% | 6.13% | 1.01% | 1.03% |
| Earnings before Tax (EBT) 1 | -11 | 91.43 | 81.59 | 97.68 | 29.92 | 38.23 |
| Net income 1 | -34.36 | 59.51 | 45.22 | 142.6 | 18.61 | 26.02 |
| Net margin | -1.79% | 3.69% | 3.27% | 9.66% | 1.29% | 2.16% |
| EPS 2 | -0.5778 | 0.9942 | 0.7602 | 2.362 | 0.3041 | 0.3900 |
| Free Cash Flow 1 | -183.6 | -120.4 | 25.78 | 414.8 | -0.2676 | 87.57 |
| FCF margin | -9.57% | -7.46% | 1.87% | 28.1% | -0.02% | 7.26% |
| FCF Conversion (EBITDA) | - | - | 18.72% | 294.58% | - | 133.94% |
| FCF Conversion (Net income) | - | - | 57% | 290.83% | - | 336.58% |
| Dividend per Share | - | - | 1.170 | 1.754 | 0.7018 | 0.5000 |
| Announcement Date | 01/04/19 | 31/03/20 | 31/03/21 | 25/03/22 | 27/03/23 | 14/03/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 163 | 110 | 167 | - | - | - |
| Net Cash position 1 | - | - | - | 248 | 166 | 68.9 |
| Leverage (Debt/EBITDA) | 3.263 x | 0.8187 x | 1.216 x | - | - | - |
| Free Cash Flow 1 | -184 | -120 | 25.8 | 415 | -0.27 | 87.6 |
| ROE (net income / shareholders' equity) | -2.04% | 6.64% | 5.07% | 4.15% | 1.84% | 2.85% |
| ROA (Net income/ Total Assets) | -0.43% | 2.54% | 2.89% | 3.04% | 0.51% | 0.45% |
| Assets 1 | 8,039 | 2,341 | 1,567 | 4,695 | 3,673 | 5,838 |
| Book Value Per Share 2 | 17.10 | 16.70 | 16.40 | 17.50 | 16.80 | 14.60 |
| Cash Flow per Share 2 | 4.480 | 5.120 | 4.160 | 8.770 | 8.570 | 6.440 |
| Capex 1 | 144 | 17.1 | 48.7 | 38.4 | 46.8 | 31.7 |
| Capex / Sales | 7.5% | 1.06% | 3.53% | 2.6% | 3.23% | 2.63% |
| Announcement Date | 01/04/19 | 31/03/20 | 31/03/21 | 25/03/22 | 27/03/23 | 14/03/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +8.48% | 34.63M | |
| +7.93% | 41.62B | |
| -20.24% | 22.23B | |
| -13.76% | 13.5B | |
| -9.15% | 10.28B | |
| -8.20% | 9.92B | |
| +23.18% | 8.56B | |
| +7.38% | 6.72B | |
| -26.87% | 5.57B | |
| -22.19% | 3.74B |
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