Financials Higgstec Inc.

Equities

5220

TW0005220008

Electronic Equipment & Parts

End-of-day quote Taipei Exchange 03:30:00 24/05/2024 am IST 5-day change 1st Jan Change
27.4 TWD +1.11% Intraday chart for Higgstec Inc. +0.92% +4.38%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,236 1,158 1,630 1,404 1,119 1,041
Enterprise Value (EV) 1 772 817.4 1,537 1,355 989.4 965.4
P/E ratio 8.35 x 14.7 x 8.84 x 10.4 x 9.89 x 27.9 x
Yield 9.63% 4.79% 7.3% 6.21% 6.38% 3.43%
Capitalization / Revenue 0.99 x 1.11 x 1.38 x 1.39 x 1.15 x 1.33 x
EV / Revenue 0.62 x 0.78 x 1.3 x 1.34 x 1.01 x 1.23 x
EV / EBITDA 4.01 x 5.67 x 5.56 x 6.79 x 6.81 x 13.5 x
EV / FCF 4.74 x 22.6 x -7.11 x 200 x 8.52 x -199 x
FCF Yield 21.1% 4.43% -14.1% 0.5% 11.7% -0.5%
Price to Book 1.75 x 1.74 x 2.05 x 1.73 x 1.33 x 1.29 x
Nbr of stocks (in thousands) 39,667 39,667 39,667 39,667 39,667 39,667
Reference price 2 31.15 29.20 41.10 35.40 28.20 26.25
Announcement Date 01/04/19 30/03/20 29/03/21 28/03/22 23/03/23 12/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,243 1,043 1,180 1,008 975.6 785
EBITDA 1 192.6 144.1 276.4 199.6 145.2 71.51
EBIT 1 164.8 116.4 251.4 162.3 101.1 29.15
Operating Margin 13.25% 11.16% 21.3% 16.11% 10.37% 3.71%
Earnings before Tax (EBT) 1 178.5 96.99 229.3 163.8 137.8 42.06
Net income 1 146.9 79.17 186.9 135.9 114.4 37.64
Net margin 11.82% 7.59% 15.83% 13.49% 11.73% 4.8%
EPS 2 3.730 1.980 4.650 3.400 2.850 0.9400
Free Cash Flow 1 162.9 36.22 -216 6.772 116.2 -4.842
FCF margin 13.11% 3.47% -18.3% 0.67% 11.91% -0.62%
FCF Conversion (EBITDA) 84.62% 25.13% - 3.39% 79.99% -
FCF Conversion (Net income) 110.9% 45.75% - 4.98% 101.5% -
Dividend per Share 2 3.000 1.400 3.000 2.200 1.800 0.9000
Announcement Date 01/04/19 30/03/20 29/03/21 28/03/22 23/03/23 12/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 464 341 93.6 49.4 129 75.9
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 163 36.2 -216 6.77 116 -4.84
ROE (net income / shareholders' equity) 23.8% 11.6% 25.6% 16.9% 13.8% 4.57%
ROA (Net income/ Total Assets) 11.1% 7.61% 14% 7.2% 4.32% 1.31%
Assets 1 1,328 1,041 1,339 1,887 2,646 2,881
Book Value Per Share 2 17.80 16.80 20.10 20.50 21.20 20.30
Cash Flow per Share 2 11.70 10.50 9.380 11.60 12.00 11.30
Capex 1 15.2 55.3 403 164 26.4 34.3
Capex / Sales 1.23% 5.31% 34.13% 16.32% 2.7% 4.37%
Announcement Date 01/04/19 30/03/20 29/03/21 28/03/22 23/03/23 12/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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