Financials Ya Horng Electronic Co., Ltd.

Equities

6201

TW0006201007

Household Electronics

End-of-day quote Taiwan S.E. 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
61.1 TWD -0.33% Intraday chart for Ya Horng Electronic Co., Ltd. +0.49% +10.29%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,636 3,158 3,381 3,969 3,479 4,942
Enterprise Value (EV) 1 1,174 1,870 2,252 2,861 2,461 3,458
P/E ratio 10.1 x 13.3 x 11.4 x 13.2 x 10.6 x 12.1 x
Yield 9.14% 7.06% 7.92% 6.74% 7.69% 7.04%
Capitalization / Revenue 0.81 x 0.98 x 0.96 x 1.01 x 1.16 x 1.45 x
EV / Revenue 0.36 x 0.58 x 0.64 x 0.73 x 0.82 x 1.02 x
EV / EBITDA 4.94 x 5.68 x 5.19 x 6.48 x 6.78 x 6.69 x
EV / FCF 18.2 x 62.1 x 95.7 x 12.3 x 17.5 x 5.37 x
FCF Yield 5.48% 1.61% 1.04% 8.1% 5.7% 18.6%
Price to Book 1.08 x 1.31 x 1.35 x 1.57 x 1.32 x 1.79 x
Nbr of stocks (in thousands) 89,200 89,200 89,200 89,200 89,200 89,200
Reference price 2 29.55 35.40 37.90 44.50 39.00 55.40
Announcement Date 25/02/19 06/03/20 05/03/21 22/02/22 22/02/23 27/02/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,261 3,235 3,512 3,917 3,008 3,406
EBITDA 1 237.7 329.3 434.1 441.5 363 517.2
EBIT 1 180.9 277.4 387.8 394.2 301.4 470.9
Operating Margin 5.55% 8.57% 11.04% 10.06% 10.02% 13.83%
Earnings before Tax (EBT) 1 337.1 300.3 368.7 376.7 386.7 513.3
Net income 1 263.4 239.5 298.7 301.5 332.1 413.4
Net margin 8.08% 7.4% 8.51% 7.7% 11.04% 12.14%
EPS 2 2.930 2.670 3.320 3.360 3.690 4.590
Free Cash Flow 1 64.4 30.1 23.53 231.8 140.3 643.5
FCF margin 1.97% 0.93% 0.67% 5.92% 4.67% 18.89%
FCF Conversion (EBITDA) 27.09% 9.14% 5.42% 52.52% 38.65% 124.44%
FCF Conversion (Net income) 24.45% 12.57% 7.88% 76.9% 42.25% 155.67%
Dividend per Share 2 2.700 2.500 3.000 3.000 3.000 3.900
Announcement Date 25/02/19 06/03/20 05/03/21 22/02/22 22/02/23 27/02/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,462 1,288 1,129 1,109 1,018 1,484
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 64.4 30.1 23.5 232 140 644
ROE (net income / shareholders' equity) 10.9% 9.85% 12.1% 12% 12.8% 15.3%
ROA (Net income/ Total Assets) 3.43% 5.31% 7.04% 6.84% 5.43% 8.28%
Assets 1 7,686 4,508 4,241 4,407 6,121 4,996
Book Value Per Share 2 27.40 27.10 28.10 28.40 29.60 30.90
Cash Flow per Share 2 15.20 14.30 8.300 10.10 8.060 9.300
Capex 1 23.3 53.9 29.4 34.5 37.2 23.1
Capex / Sales 0.71% 1.66% 0.84% 0.88% 1.24% 0.68%
Announcement Date 25/02/19 06/03/20 05/03/21 22/02/22 22/02/23 27/02/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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