Financials Keystone Microtech Corporation

Equities

6683

TW0006683006

Semiconductor Equipment & Testing

End-of-day quote Taipei Exchange 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
289 TWD +1.05% Intraday chart for Keystone Microtech Corporation -3.83% -7.37%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,423 6,106 8,448 8,664 4,887 8,492
Enterprise Value (EV) 1 2,022 5,357 7,642 7,682 3,713 7,071
P/E ratio 16.8 x 28.9 x 25.5 x 20.8 x 12.1 x 24.1 x
Yield 3.05% 1.77% 1.76% 2.44% 4.18% 2.1%
Capitalization / Revenue 3.74 x 7.41 x 6.88 x 5.85 x 3.2 x 6.02 x
EV / Revenue 3.12 x 6.5 x 6.22 x 5.18 x 2.43 x 5.01 x
EV / EBITDA 10.5 x 18.6 x 16.3 x 13.3 x 7.54 x 15 x
EV / FCF 79 x 38.8 x 60.8 x 31.9 x 13.6 x 19.1 x
FCF Yield 1.27% 2.58% 1.64% 3.13% 7.35% 5.24%
Price to Book 2.51 x 4.52 x 5.36 x 4.66 x 2.37 x 3.82 x
Nbr of stocks (in thousands) 24,625 27,076 27,076 27,076 27,226 27,218
Reference price 2 98.40 225.5 312.0 320.0 179.5 312.0
Announcement Date 11/03/19 31/03/20 17/03/21 25/03/22 29/03/23 25/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 647.8 824.3 1,229 1,482 1,529 1,410
EBITDA 1 193 287.6 467.4 578.2 492.1 471.4
EBIT 1 176.9 261.7 436.3 540.7 446.8 423.1
Operating Margin 27.3% 31.74% 35.51% 36.49% 29.22% 30%
Earnings before Tax (EBT) 1 183.9 252.7 412.8 526.7 513 442.7
Net income 1 146.3 206.9 334 419.7 406.5 354.2
Net margin 22.58% 25.1% 27.18% 28.33% 26.58% 25.12%
EPS 2 5.840 7.800 12.25 15.38 14.80 12.95
Free Cash Flow 1 25.6 138.1 125.7 240.7 272.8 370.5
FCF margin 3.95% 16.76% 10.23% 16.25% 17.84% 26.27%
FCF Conversion (EBITDA) 13.26% 48.02% 26.89% 41.63% 55.43% 78.61%
FCF Conversion (Net income) 17.5% 66.76% 37.63% 57.36% 67.11% 104.61%
Dividend per Share 2 3.000 4.000 5.500 7.800 7.503 6.550
Announcement Date 11/03/19 31/03/20 17/03/21 25/03/22 29/03/23 25/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 385.5 367.6 372.5 345.4 346.8 345.6
EBITDA - - - - - -
EBIT 1 135.2 123 114.1 97.3 87.87 123.8
Operating Margin 35.06% 33.47% 30.64% 28.17% 25.34% 35.83%
Earnings before Tax (EBT) 135.1 121.4 - - - -
Net income 101.5 103.2 - - - -
Net margin 26.33% 28.07% - - - -
EPS 3.730 3.770 - - - -
Dividend per Share - - - - - -
Announcement Date 08/11/21 07/03/22 15/05/23 08/08/23 06/11/23 25/03/24
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 401 749 806 982 1,174 1,421
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 25.6 138 126 241 273 371
ROE (net income / shareholders' equity) 15.9% 17.9% 22.8% 24.4% 20.7% 16.5%
ROA (Net income/ Total Assets) 10.5% 11.9% 14.4% 15.2% 11.8% 10.5%
Assets 1 1,397 1,745 2,319 2,757 3,449 3,374
Book Value Per Share 2 39.30 49.90 58.20 68.70 75.70 81.70
Cash Flow per Share 2 16.30 23.30 20.50 35.70 43.40 48.00
Capex 1 75.5 16.4 67.1 66.3 46.7 24
Capex / Sales 11.65% 1.98% 5.46% 4.48% 3.06% 1.7%
Announcement Date 11/03/19 31/03/20 17/03/21 25/03/22 29/03/23 25/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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