Financials Silergy Corp.

Equities

6415

KYG8190F1028

Semiconductors

End-of-day quote Taiwan S.E. 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
388 TWD +2.37% Intraday chart for Silergy Corp. +15.48% -22.40%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 86,702 2,23,032 4,71,677 1,66,226 1,91,751 1,49,366 - -
Enterprise Value (EV) 1 80,579 2,13,632 4,58,895 1,48,961 1,79,217 1,31,611 1,29,206 1,27,434
P/E ratio 37.9 x 70.9 x 87.1 x 28.7 x 265 x 58.6 x 29.3 x 19.9 x
Yield 0.79% 0.44% 0.36% 1.03% 0.39% 0.67% 0.98% 1.8%
Capitalization / Revenue 8.04 x 16.1 x 21.9 x 7.07 x 12.4 x 7.8 x 6.03 x 5.02 x
EV / Revenue 7.48 x 15.4 x 21.3 x 6.34 x 11.6 x 6.88 x 5.22 x 4.28 x
EV / EBITDA 30.6 x 61.2 x 64.6 x 22.8 x 755 x 50 x 22.9 x 16.8 x
EV / FCF 35.5 x 58.1 x 78 x 23.2 x 62.4 x 81.4 x 34.8 x 23.5 x
FCF Yield 2.82% 1.72% 1.28% 4.3% 1.6% 1.23% 2.88% 4.26%
Price to Book 5.76 x 12.4 x 20 x 5.41 x 6.22 x 4.63 x 4.14 x 3.51 x
Nbr of stocks (in thousands) 3,65,060 3,70,177 3,75,464 3,80,815 3,83,502 3,84,963 - -
Reference price 2 237.5 602.5 1,256 436.5 500.0 388.0 388.0 388.0
Announcement Date 19/03/20 17/03/21 10/03/22 10/03/23 13/03/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,778 13,876 21,506 23,511 15,427 19,141 24,770 29,759
EBITDA 1 2,631 3,489 7,101 6,539 237.5 2,631 5,634 7,588
EBIT 1 2,333 3,109 6,636 5,945 -486.4 1,914 4,709 6,928
Operating Margin 21.65% 22.4% 30.86% 25.29% -3.15% 10% 19.01% 23.28%
Earnings before Tax (EBT) 1 2,412 3,325 6,413 6,674 622.2 2,608 5,665 7,154
Net income 1 2,326 3,242 5,734 6,039 746 2,581 5,218 7,114
Net margin 21.58% 23.36% 26.66% 25.68% 4.84% 13.48% 21.06% 23.91%
EPS 2 6.268 8.502 14.43 15.21 1.890 6.616 13.22 19.54
Free Cash Flow 1 2,273 3,676 5,883 6,410 2,873 1,617 3,717 5,433
FCF margin 21.09% 26.49% 27.36% 27.26% 18.62% 8.45% 15.01% 18.26%
FCF Conversion (EBITDA) 86.37% 105.37% 82.85% 98.03% 1,209.49% 61.46% 65.97% 71.6%
FCF Conversion (Net income) 97.71% 113.41% 102.61% 106.15% 385.07% 62.67% 71.25% 76.37%
Dividend per Share 2 1.875 2.625 4.500 4.500 1.960 2.587 3.813 6.992
Announcement Date 19/03/20 17/03/21 10/03/22 10/03/23 13/03/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 5,914 6,154 6,021 6,801 5,991 4,698 3,435 3,598 4,111 4,284 3,887 4,439 5,202 5,526 5,061
EBITDA 1 2,156 2,078 - 2,189 1,612 835.6 -42.42 -132.9 182.7 230.1 295.2 511 881.5 991.9 911.4
EBIT 1 2,029 1,953 1,778 2,045 1,456 667.4 -215.8 -308.4 -1.393 39.14 42.04 305.6 695.5 835.4 700.2
Operating Margin 34.3% 31.74% 29.53% 30.06% 24.3% 14.2% -6.28% -8.57% -0.03% 0.91% 1.08% 6.88% 13.37% 15.12% 13.84%
Earnings before Tax (EBT) 1 2,071 1,550 1,817 2,367 1,613 876.6 147.5 -157.7 467.7 164.7 267 523.2 843.6 991.1 895.5
Net income 1 1,838 1,381 1,578 2,091 1,469 901.3 218.4 -103.1 494.4 136.3 254.2 507.3 847.2 920.6 884.8
Net margin 31.09% 22.45% 26.21% 30.74% 24.51% 19.18% 6.36% -2.87% 12.02% 3.18% 6.54% 11.43% 16.29% 16.66% 17.48%
EPS 2 4.642 3.432 3.958 5.260 3.690 2.290 0.5500 -0.2700 1.260 0.3400 0.6534 1.284 2.190 2.381 2.281
Dividend per Share 2 - - - - - - - - - - - - 2.302 - -
Announcement Date 11/11/21 10/03/22 12/05/22 23/08/22 11/11/22 10/03/23 11/05/23 25/08/23 14/11/23 13/03/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 6,123 9,400 12,782 17,265 12,534 17,755 20,160 21,932
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,273 3,676 5,883 6,410 2,873 1,617 3,717 5,433
ROE (net income / shareholders' equity) 16.7% 19.7% 27.8% 22.2% 2.42% 7.93% 14.6% 17.8%
ROA (Net income/ Total Assets) 15.2% 17.7% 24.9% 19.5% 2.14% 6.41% 12.2% -
Assets 1 15,258 18,270 23,000 30,959 34,849 40,278 42,869 -
Book Value Per Share 2 41.20 48.50 62.90 80.60 80.40 83.80 93.80 110.0
Cash Flow per Share 2 7.550 10.30 16.20 17.60 9.810 6.670 10.90 -
Capex 1 531 308 547 590 1,001 701 901 937
Capex / Sales 4.92% 2.22% 2.55% 2.51% 6.49% 3.66% 3.64% 3.15%
Announcement Date 19/03/20 17/03/21 10/03/22 10/03/23 13/03/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
388 TWD
Average target price
387.4 TWD
Spread / Average Target
-0.14%
Consensus
  1. Stock Market
  2. Equities
  3. 6415 Stock
  4. Financials Silergy Corp.