Financials Universal Microwave Technology, Inc.

Equities

3491

TW0003491007

Electrical Components & Equipment

End-of-day quote Taipei Exchange 03:30:00 14/05/2024 am IST 5-day change 1st Jan Change
214.5 TWD +3.37% Intraday chart for Universal Microwave Technology, Inc. +4.38% +32.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 5,672 4,406 13,333 8,360 10,210 13,649 -
Enterprise Value (EV) 1 4,935 3,657 13,333 8,360 10,210 13,190 13,134
P/E ratio 23.1 x 35.6 x 56.4 x 31 x - 27.5 x 20.4 x
Yield 4.26% 3.49% - - - 3.26% -
Capitalization / Revenue 3.23 x 2.97 x 7.58 x 4.55 x 6.44 x 5.86 x 4.69 x
EV / Revenue 2.81 x 2.47 x 7.58 x 4.55 x 6.44 x 5.66 x 4.51 x
EV / EBITDA 13.9 x 14.1 x - 22.6 x 35.8 x 18.1 x 13.2 x
EV / FCF 35 x 13.2 x - 24.1 x 24.4 x 46.4 x 25.3 x
FCF Yield 2.86% 7.56% - 4.14% 4.1% 2.15% 3.96%
Price to Book 2.9 x 2.32 x 6.69 x 4.25 x 4.97 x 6.67 x 6.82 x
Nbr of stocks (in thousands) 60,474 61,534 62,159 62,159 62,832 63,634 -
Reference price 2 93.80 71.60 214.5 134.5 162.5 214.5 214.5
Announcement Date 24/03/20 11/03/21 25/03/22 31/03/23 15/03/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,754 1,481 1,758 1,838 1,585 2,331 2,910
EBITDA 1 354.6 259.6 - 369.2 285.3 729 993
EBIT 1 279 178.3 221.4 292.5 - 604 862
Operating Margin 15.91% 12.04% 12.59% 15.92% - 25.91% 29.62%
Earnings before Tax (EBT) 1 403.2 202.7 343.4 416.1 - 688 914
Net income 1 250.1 124.2 236.6 271 - 489 662
Net margin 14.26% 8.38% 13.46% 14.75% - 20.98% 22.75%
EPS 2 4.060 2.010 3.800 4.340 - 7.790 10.52
Free Cash Flow 1 141.1 276.5 - 346.2 419 284 520
FCF margin 8.04% 18.67% - 18.84% 26.43% 12.18% 17.87%
FCF Conversion (EBITDA) 39.79% 106.53% - 93.78% 146.85% 38.96% 52.37%
FCF Conversion (Net income) 56.42% 222.67% - 127.76% - 58.08% 78.55%
Dividend per Share 2 4.000 2.500 - - - 7.000 -
Announcement Date 24/03/20 11/03/21 25/03/22 31/03/23 15/03/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 478.6 506.2 - 505.1 410.9 425.1 376.6 408 434 625 630 642
EBITDA 1 - - - 103.6 100.4 87.15 44.67 88.29 108 204 207 211
EBIT 1 65.23 78.46 - 84.38 80.76 66.73 23.86 - 77 173 175 604
Operating Margin 13.63% 15.5% - 16.7% 19.65% 15.7% 6.34% - 17.74% 27.68% 27.78% 94.08%
Earnings before Tax (EBT) 1 90.65 82.64 - 145.2 65.74 76.1 88.52 - 112 195 188 192
Net income 1 55.2 54.65 91.19 87.77 47.62 55.38 57.05 - 78 140 135 138
Net margin 11.53% 10.8% - 17.37% 11.59% 13.03% 15.15% - 17.97% 22.4% 21.43% 21.5%
EPS 2 0.8900 0.8800 1.470 1.410 0.7500 0.8900 0.9200 - 1.230 2.220 2.140 2.190
Dividend per Share - - - - - - - - - - - -
Announcement Date 12/11/21 25/03/22 12/08/22 10/11/22 31/03/23 12/05/23 10/08/23 15/03/24 - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 737 749 - - - 459 515
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 141 277 - 346 419 284 520
ROE (net income / shareholders' equity) 13.1% 5.32% - 13.7% 9.94% 24% 33%
ROA (Net income/ Total Assets) 8.83% 4.07% - 7.76% 5.84% 13.7% 17.1%
Assets 1 2,833 3,055 - 3,491 - 3,569 3,871
Book Value Per Share 2 32.30 30.90 32.00 31.70 32.70 32.20 31.50
Cash Flow per Share 2 - - - 6.740 8.210 6.790 10.40
Capex 1 45 9.29 - 74.1 108 91 100
Capex / Sales 2.56% 0.63% - 4.03% 6.84% 3.9% 3.44%
Announcement Date 24/03/20 11/03/21 25/03/22 31/03/23 15/03/24 - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
214.5 TWD
Average target price
202 TWD
Spread / Average Target
-5.83%
Consensus
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