Financials United Integrated Services Co., Ltd.

Equities

2404

TW0002404001

Construction & Engineering

End-of-day quote Taiwan S.E. 03:30:00 03/05/2024 am IST 5-day change 1st Jan Change
394.5 TWD +1.02% Intraday chart for United Integrated Services Co., Ltd. -3.31% +49.15%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 17,096 37,355 41,167 34,591 34,328 49,617
Enterprise Value (EV) 1 8,526 26,325 28,818 23,785 20,227 33,784
P/E ratio 9.68 x 13.5 x 10.4 x 12.6 x 8.76 x 10.8 x
Yield 11.1% 6.63% 7.87% 7.16% 8.2% -
Capitalization / Revenue 0.94 x 1.56 x 1.15 x 1.35 x 0.71 x 0.72 x
EV / Revenue 0.47 x 1.1 x 0.8 x 0.93 x 0.42 x 0.49 x
EV / EBITDA 3.55 x 7.67 x 6.2 x 7.51 x 3.7 x 5.54 x
EV / FCF 11.8 x 6.79 x 9.85 x 19.9 x 3.74 x 10.9 x
FCF Yield 8.47% 14.7% 10.2% 5.03% 26.7% 9.19%
Price to Book 4.21 x 4.36 x 4.12 x 3.6 x 3.3 x 4.09 x
Nbr of stocks (in thousands) 1,90,587 1,90,587 1,90,587 1,90,587 1,87,587 1,87,587
Reference price 2 89.70 196.0 216.0 181.5 183.0 264.5
Announcement Date 26/03/19 27/03/20 30/03/21 25/03/22 28/03/23 25/04/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 18,128 23,921 35,837 25,606 48,200 68,890
EBITDA 1 2,400 3,433 4,646 3,168 5,463 6,103
EBIT 1 2,372 3,407 4,621 3,140 5,430 6,062
Operating Margin 13.09% 14.24% 12.89% 12.26% 11.27% 8.8%
Earnings before Tax (EBT) 1 3,037 3,729 5,082 3,555 5,428 6,479
Net income 1 2,148 2,815 4,033 2,769 3,999 4,655
Net margin 11.85% 11.77% 11.25% 10.82% 8.3% 6.76%
EPS 2 9.270 14.57 20.83 14.36 20.89 24.48
Free Cash Flow 1 721.8 3,879 2,927 1,196 5,410 3,105
FCF margin 3.98% 16.22% 8.17% 4.67% 11.22% 4.51%
FCF Conversion (EBITDA) 30.08% 113.02% 63.01% 37.76% 99.03% 50.87%
FCF Conversion (Net income) 33.61% 137.8% 72.57% 43.19% 135.27% 66.69%
Dividend per Share 2 10.00 13.00 17.00 13.00 15.00 -
Announcement Date 26/03/19 27/03/20 30/03/21 25/03/22 28/03/23 25/04/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2023 Q1 2023 Q2 2023 Q3
Net sales 1 6,274 - 17,620 17,546
EBITDA - - - -
EBIT 1 883.2 - 1,562 1,384
Operating Margin 14.08% - 8.86% 7.89%
Earnings before Tax (EBT) 1 878.8 - 1,763 1,760
Net income 1 667.1 1.127 1,237 1,307
Net margin 10.63% - 7.02% 7.45%
EPS 2 3.470 5.970 6.540 6.880
Dividend per Share - - - -
Announcement Date 12/11/21 12/05/23 14/08/23 13/11/23
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 8,569 11,030 12,348 10,807 14,101 15,833
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 722 3,879 2,927 1,196 5,410 3,105
ROE (net income / shareholders' equity) 32.3% 35.7% 43.3% 28.3% 40.3% 42.1%
ROA (Net income/ Total Assets) 7.92% 9.7% 11.5% 7.73% 11.9% 9.48%
Assets 1 27,114 29,016 35,009 35,847 33,716 49,113
Book Value Per Share 2 21.30 45.00 52.50 50.40 55.50 64.70
Cash Flow per Share 2 20.60 33.50 44.60 36.30 59.80 50.00
Capex 1 9.56 6.97 39.1 463 98.6 4.6
Capex / Sales 0.05% 0.03% 0.11% 1.81% 0.2% 0.01%
Announcement Date 26/03/19 27/03/20 30/03/21 25/03/22 28/03/23 25/04/24
1TWD in Million2TWD
Estimates
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