Financials Tech-Top Engineering CO., LTD

Equities

6750

TW0006750003

Construction & Engineering

End-of-day quote Taipei Exchange 03:30:00 05/07/2024 am IST 5-day change 1st Jan Change
29.55 TWD +1.20% Intraday chart for Tech-Top Engineering CO., LTD +7.85% +48.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 406.2 581.1 966.3 707.3 662.5
Enterprise Value (EV) 1 485.5 669.6 1,245 948.3 725.1
P/E ratio 10.3 x 10.1 x 9.21 x 11.8 x 12.5 x
Yield 3.13% 4.85% 5.5% 2.35% 6.02%
Capitalization / Revenue 0.31 x 0.29 x 0.31 x 0.23 x 0.23 x
EV / Revenue 0.37 x 0.34 x 0.4 x 0.3 x 0.25 x
EV / EBITDA 4.56 x 5.29 x 5.56 x 5.63 x 3.95 x
EV / FCF -4.06 x -96.3 x -5.21 x 12.4 x 3.35 x
FCF Yield -24.6% -1.04% -19.2% 8.09% 29.9%
Price to Book 1.36 x 1.72 x 1.85 x 1.33 x 1.17 x
Nbr of stocks (in thousands) 28,207 28,207 33,207 33,207 33,207
Reference price 2 14.40 20.60 29.10 21.30 19.95
Announcement Date 30/04/20 29/04/21 28/04/22 28/04/23 29/04/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,655 1,309 1,992 3,108 3,125 2,855
EBITDA 1 99.77 106.4 126.6 223.9 168.4 183.6
EBIT 1 88.36 93.76 114 185.7 136.2 149.8
Operating Margin 5.34% 7.16% 5.72% 5.97% 4.36% 5.25%
Earnings before Tax (EBT) 1 88.5 76.58 118.1 169.4 124.4 141.4
Net income 1 46.2 39.7 57.95 92.41 60.74 54.06
Net margin 2.79% 3.03% 2.91% 2.97% 1.94% 1.89%
EPS 2 1.638 1.401 2.030 3.160 1.810 1.599
Free Cash Flow 1 163.4 -119.6 -6.951 -239 76.71 216.6
FCF margin 9.87% -9.14% -0.35% -7.69% 2.45% 7.59%
FCF Conversion (EBITDA) 163.73% - - - 45.56% 118.03%
FCF Conversion (Net income) 353.61% - - - 126.29% 400.7%
Dividend per Share - 0.4500 1.000 1.600 0.5000 1.200
Announcement Date 29/10/19 30/04/20 29/04/21 28/04/22 28/04/23 29/04/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 79.3 88.5 279 241 62.6
Net Cash position 1 4.4 - - - - -
Leverage (Debt/EBITDA) - 0.7453 x 0.6994 x 1.245 x 1.431 x 0.3413 x
Free Cash Flow 1 163 -120 -6.95 -239 76.7 217
ROE (net income / shareholders' equity) 19.7% 15.6% 22.1% 24.3% 13.4% 13.6%
ROA (Net income/ Total Assets) 4.31% 4.28% 4.31% 4.91% 2.97% 3.23%
Assets 1 1,071 927.6 1,345 1,881 2,046 1,676
Book Value Per Share 2 9.480 10.60 12.00 15.70 16.00 17.00
Cash Flow per Share 2 8.230 6.410 10.10 11.40 12.70 11.50
Capex 1 19.9 65.8 9.39 241 38.6 1.73
Capex / Sales 1.2% 5.02% 0.47% 7.75% 1.23% 0.06%
Announcement Date 29/10/19 30/04/20 29/04/21 28/04/22 28/04/23 29/04/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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