Financials M3 Technology Inc.

Equities

6799

TW0006799000

Semiconductors

End-of-day quote Taiwan S.E. Other stock markets 03:30:00 10/05/2024 am IST			5-day change	1st Jan Change
140 ^TWD	-0.71%		-3.78%	-26.89%

03/05	M3 Technology Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
09/04	M3 Technology Inc. Announces Financial Officer and Accounting Officer Changes	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	12,231	3,797	7,902	5,770	-
Enterprise Value (EV) ¹	12,231	3,797	7,675	5,416	5,380
P/E ratio	47.6 x	13.3 x	35.3 x	28.2 x	24.2 x
Yield	-	-	-	2.36%	3.05%
Capitalization / Revenue	-	-	7.73 x	5.65 x	4.85 x
EV / Revenue	-	-	7.51 x	5.3 x	4.52 x
EV / EBITDA	-	-	25.1 x	20.2 x	16.5 x
EV / FCF	-	-	57.1 x	39.2 x	42.4 x
FCF Yield	-	-	1.75%	2.55%	2.36%
Price to Book	-	-	6.07 x	3.98 x	3.78 x
Nbr of stocks (in thousands)	36,729	40,788	41,263	41,212	-
Reference price ²	333.0	93.10	191.5	140.0	140.0
Announcement Date	24/02/22	03/03/23	29/02/24	-	-

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	-	1,023	1,021	1,190
EBITDA ¹	-	-	305.4	267.5	326
EBIT ¹	-	-	263.4	211	261.5
Operating Margin	-	-	25.76%	20.67%	21.97%
Earnings before Tax (EBT) ¹	-	-	272.2	260	296
Net income ¹	276	-	218.5	206.7	239.5
Net margin	-	-	21.37%	20.24%	20.12%
EPS ²	6.990	7.010	5.420	4.957	5.795
Free Cash Flow ¹	-	-	134.3	138	127
FCF margin	-	-	13.14%	13.52%	10.67%
FCF Conversion (EBITDA)	-	-	44%	51.59%	38.96%
FCF Conversion (Net income)	-	-	61.49%	66.77%	53.03%
Dividend per Share ²	-	-	-	3.300	4.270
Announcement Date	24/02/22	03/03/23	29/02/24	-	-

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	-	218.7	257.2	282.7	264.2	222.7	239	271.3	288.7	250	271
EBITDA ¹	-	-	-	-	92.09	43.18	49	62	69	-	-
EBIT ¹	-	48.6	69.18	64.88	80.74	32.2	50	63.67	68.67	51	55
Operating Margin	-	22.22%	26.89%	22.95%	30.56%	14.46%	20.92%	23.46%	23.79%	20.4%	20.3%
Earnings before Tax (EBT) ¹	-	48.19	76.61	75.6	71.84	51.89	56.33	74.33	77.67	55	60
Net income ¹	53.4	38.8	59.43	60.86	59.38	39.53	44	60	62.67	45	46
Net margin	-	17.74%	23.11%	21.53%	22.47%	17.75%	18.41%	22.11%	21.71%	18%	16.97%
EPS ²	1.220	0.9700	1.480	1.460	1.470	0.9700	1.060	1.433	1.497	1.070	1.090
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	03/03/23	11/05/23	10/08/23	09/11/23	29/02/24	03/05/24	-	-	-	-	-

¹TWD in Million²TWD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2023	2024	2025
Net Debt ¹	-	-	-	-
Net Cash position ¹	-	226	354	390
Leverage (Debt/EBITDA)	-	-	-	-
Free Cash Flow ¹	-	134	138	127
ROE (net income / shareholders' equity)	-	16.5%	14.2%	15.9%
ROA (Net income/ Total Assets)	-	14.1%	11.9%	13.1%
Assets ¹	-	1,552	1,744	1,823
Book Value Per Share ²	-	31.60	35.10	37.10
Cash Flow per Share ²	-	6.570	6.880	6.880
Capex ¹	-	142	55	66
Capex / Sales	-	13.88%	5.39%	5.54%
Announcement Date	24/02/22	29/02/24	-	-

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

Ratings for M3 Technology Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

140 TWD

Average target price

168.3 TWD

Spread / Average Target

+20.24%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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