Financials Panjit International Inc.

Equities

2481

TW0002481009

Semiconductors

End-of-day quote Taiwan S.E. Other stock markets 03:30:00 13/05/2024 am IST			5-day change	1st Jan Change
55.7 ^TWD	+0.54%		-0.54%	-17.24%

01/04	Panjit International Inc. Announces Change of Chief Strategy Officer	CI
14/03	Panjit International Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	9,219	17,967	40,886	22,124	25,716	21,323	-
Enterprise Value (EV) ¹	12,504	21,101	42,028	24,901	28,346	26,208	26,268
P/E ratio	-	-	18.9 x	-	-	-	-
Yield	3.79%	2.77%	2.8%	5.18%	1.78%	4.65%	6.13%
Capitalization / Revenue	1.01 x	1.71 x	2.95 x	1.67 x	2.02 x	1.45 x	1.29 x
EV / Revenue	1.37 x	2.01 x	3.03 x	1.88 x	2.23 x	1.78 x	1.59 x
EV / EBITDA	8.44 x	12.6 x	14.2 x	10.4 x	16.4 x	10.8 x	8.61 x
EV / FCF	-	5,71,62,608 x	-2,68,06,566 x	-	-	-	-
FCF Yield	-	0%	-0%	-	-	-	-
Price to Book	1.48 x	2.53 x	3.17 x	1.62 x	1.94 x	1.46 x	1.36 x
Nbr of stocks (in thousands)	3,32,815	3,32,115	3,82,115	3,82,115	3,82,115	3,82,815	-
Reference price ²	27.70	54.10	107.0	57.90	67.30	55.70	55.70
Announcement Date	26/03/20	28/03/21	29/03/22	10/03/23	14/03/24	-	-

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	9,143	10,485	13,862	13,228	12,707	14,710	16,548
EBITDA ¹	1,482	1,680	2,961	2,403	1,732	2,438	3,052
EBIT ¹	628.4	992.1	2,289	1,631	833.7	1,486	2,041
Operating Margin	6.87%	9.46%	16.52%	12.33%	6.56%	10.1%	12.34%
Earnings before Tax (EBT)	-	-	2,515	-	-	-	-
Net income	-	-	1,927	-	-	-	-
Net margin	-	-	13.9%	-	-	-	-
EPS	-	-	5.660	-	-	-	-
Free Cash Flow	-	369.1	-1,568	-	-	-	-
FCF margin	-	3.52%	-11.31%	-	-	-	-
FCF Conversion (EBITDA)	-	21.97%	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	1.050	1.500	3.000	3.000	1.200	2.588	3.412
Announcement Date	26/03/20	28/03/21	29/03/22	10/03/23	14/03/24	-	-

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3
Net sales ¹	3,702	3,427	3,716	3,485	3,169
EBITDA	-	-	-	-	-
EBIT ¹	711.7	571.2	607.6	512.6	301.4
Operating Margin	19.23%	16.67%	16.35%	14.71%	9.51%
Earnings before Tax (EBT) ¹	778.1	626.7	754.5	658.9	521.9
Net income ¹	623.8	448.2	612.3	570.3	425.6
Net margin	16.85%	13.08%	16.48%	16.36%	13.43%
EPS ²	1.870	1.210	1.590	1.490	1.110
Dividend per Share	-	-	-	-	-
Announcement Date	11/11/21	29/03/22	12/05/22	11/08/22	11/11/22

¹TWD in Million²TWD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	3,285	3,134	1,142	2,776	2,629	4,886	4,945
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.218 x	1.865 x	0.3856 x	1.155 x	1.518 x	2.004 x	1.62 x
Free Cash Flow	-	369	-1,568	-	-	-	-
ROE (net income / shareholders' equity)	8.31%	13.5%	19.3%	13.3%	6.11%	10.7%	13.2%
ROA (Net income/ Total Assets)	-	5.41%	8.68%	-	-	-	-
Assets	-	-	22,205	-	-	-	-
Book Value Per Share ²	18.80	21.40	33.70	35.60	34.60	38.20	40.80
Cash Flow per Share ²	2.100	4.740	8.330	6.780	5.410	6.460	7.880
Capex	351	1,407	2,604	-	-	-	-
Capex / Sales	3.84%	13.42%	18.79%	-	-	-	-
Announcement Date	26/03/20	28/03/21	29/03/22	10/03/23	14/03/24	-	-

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 Panjit International Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

55.7 TWD

Average target price

84 TWD

Spread / Average Target

+50.81%

Consensus

Quarterly earnings - Rate of surprise

Company calendar

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