Financials Allied Circuit Co., Ltd.

Equities

8155

TW0008155003

Semiconductors

End-of-day quote Taipei Exchange 18:00:00 2024-07-16 EDT 5-day change 1st Jan Change
143.5 TWD -0.35% Intraday chart for Allied Circuit Co., Ltd. 0.00% -7.42%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,045 5,274 6,020 8,259 5,200 7,936
Enterprise Value (EV) 1 2,512 4,792 5,170 7,820 4,598 7,458
P/E ratio 8.41 x 23.9 x 11.4 x 21.3 x 9.2 x 38.6 x
Yield 9.15% 3.4% 5.79% 3.61% 7.19% 2.32%
Capitalization / Revenue 1.17 x 2.62 x 2.07 x 2.84 x 1.51 x 2.74 x
EV / Revenue 0.97 x 2.38 x 1.77 x 2.69 x 1.33 x 2.58 x
EV / EBITDA 4.63 x 13.1 x 7.03 x 13.8 x 5.86 x 20.7 x
EV / FCF 6.47 x 26 x 12.8 x -58.5 x 15.3 x 41.7 x
FCF Yield 15.4% 3.85% 7.82% -1.71% 6.53% 2.4%
Price to Book 1.88 x 3.38 x 3.15 x 4.23 x 2.3 x 3.72 x
Nbr of stocks (in thousands) 49,756 49,756 49,756 49,756 51,231 51,203
Reference price 2 61.20 106.0 121.0 166.0 101.5 155.0
Announcement Date 19-03-27 20-03-16 21-03-03 22-06-07 23-03-14 24-02-29
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,592 2,016 2,915 2,904 3,446 2,892
EBITDA 1 542.1 365.7 735.3 565.2 784.7 361
EBIT 1 448.8 267.3 642.4 455.9 659.3 216.4
Operating Margin 17.31% 13.26% 22.04% 15.7% 19.13% 7.48%
Earnings before Tax (EBT) 1 454.6 274.4 646.9 471.8 676.2 233.5
Net income 1 366.2 222 531.7 390.4 555.7 204.1
Net margin 14.13% 11.02% 18.24% 13.45% 16.13% 7.06%
EPS 2 7.280 4.430 10.60 7.800 11.03 4.020
Free Cash Flow 1 388 184.6 404.2 -133.8 300.4 178.7
FCF margin 14.97% 9.16% 13.87% -4.61% 8.72% 6.18%
FCF Conversion (EBITDA) 71.58% 50.48% 54.97% - 38.28% 49.5%
FCF Conversion (Net income) 105.96% 83.13% 76.01% - 54.06% 87.55%
Dividend per Share 2 5.600 3.600 7.000 6.000 7.301 3.600
Announcement Date 19-03-27 20-03-16 21-03-03 22-06-07 23-03-14 24-02-29
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 840.6 - 897.3 833.4 778.4 696.3 673 713.2 809.9 704.1
EBITDA - - - - - - - - - -
EBIT 1 159.8 - 229.3 132 88.27 55.53 37.55 38.46 84.88 39.41
Operating Margin 19.01% - 25.56% 15.84% 11.34% 7.98% 5.58% 5.39% 10.48% 5.6%
Earnings before Tax (EBT) - - - - - - - - - -
Net income - 175.5 - - - - - - - -
Net margin - - - - - - - - - -
EPS - 3.510 - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 22-03-11 22-05-11 22-08-09 22-11-10 23-03-10 23-05-12 23-08-11 23-11-09 24-02-29 24-05-14
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 533 482 851 439 602 478
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 388 185 404 -134 300 179
ROE (net income / shareholders' equity) 23.2% 13.9% 30.6% 20.2% 26.4% 9.29%
ROA (Net income/ Total Assets) 11.6% 6.76% 14.7% 8.98% 11.9% 3.91%
Assets 1 3,144 3,283 3,606 4,346 4,677 5,223
Book Value Per Share 2 32.60 31.40 38.40 39.30 44.10 41.70
Cash Flow per Share 2 13.60 11.80 21.20 14.10 16.60 13.00
Capex 1 113 118 132 177 211 236
Capex / Sales 4.35% 5.87% 4.53% 6.11% 6.12% 8.17%
Announcement Date 19-03-27 20-03-16 21-03-03 22-06-07 23-03-14 24-02-29
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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