AUO CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.25 TWD | +4.58% |
|
+6.41% | +0.55% |
| 04-23 | E Ink Holdings Inc. and AUO Enter into Strategic Partnership to Develop Large-Size Color ePaper Displays | CI |
| 04-15 | AUO Smart Cockpit to Showcase at Touch Taiwan 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 95,617 | 132,989 | 219,154 | 114,910 | 139,172 | 139,939 | - | - |
| Enterprise Value (EV) 1 | 126,558 | 159,509 | 193,909 | 121,241 | 167,053 | 167,721 | 168,110 | 139,939 |
| P/E ratio | -5.03 x | 38.9 x | 3.56 x | -6.28 x | -7.66 x | -41.8 x | 11.7 x | 7.29 x |
| Yield | - | 2.14% | 4.37% | - | - | 5.21% | 5.48% | 7.12% |
| Capitalization / Revenue | 0.36 x | 0.49 x | 0.59 x | 0.47 x | 0.56 x | 0.51 x | 0.49 x | 0.45 x |
| EV / Revenue | 0.47 x | 0.59 x | 0.52 x | 0.49 x | 0.67 x | 0.61 x | 0.58 x | 0.45 x |
| EV / EBITDA | 8.02 x | 4.26 x | 2 x | 16.2 x | 15.8 x | 5.52 x | 3.97 x | 2.52 x |
| EV / FCF | -14.6 x | 15.5 x | 2.21 x | -13.5 x | -9.95 x | 8.59 x | 24.7 x | - |
| FCF Yield | -6.83% | 6.44% | 45.2% | -7.41% | -10.1% | 11.6% | 4.04% | - |
| Price to Book | 0.55 x | 0.73 x | 0.94 x | 0.71 x | 0.88 x | 0.87 x | 0.84 x | - |
| Nbr of stocks (in thousands) | 7,611,284 | 7,599,396 | 7,656,037 | 7,660,659 | 7,667,881 | 7,667,881 | - | - |
| Reference price 2 | 12.56 | 17.50 | 28.62 | 15.00 | 18.15 | 18.25 | 18.25 | 18.25 |
| Announcement Date | 20-02-06 | 21-02-04 | 22-02-11 | 23-02-08 | 24-01-31 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 268,792 | 270,955 | 370,685 | 246,793 | 247,964 | 273,522 | 288,195 | 310,372 |
| EBITDA 1 | 15,790 | 37,481 | 96,740 | 7,496 | 10,544 | 30,397 | 42,375 | 55,545 |
| EBIT 1 | -20,468 | 2,083 | 63,076 | -23,970 | -21,962 | -5,011 | 11,782 | 20,108 |
| Operating Margin | -7.61% | 0.77% | 17.02% | -9.71% | -8.86% | -1.83% | 4.09% | 6.48% |
| Earnings before Tax (EBT) 1 | -19,845 | 2,788 | 66,407 | -19,506 | -21,682 | -2,186 | 13,050 | 20,598 |
| Net income 1 | -19,185 | 3,376 | 61,331 | -21,101 | -18,203 | -3,355 | 11,986 | 19,275 |
| Net margin | -7.14% | 1.25% | 16.55% | -8.55% | -7.34% | -1.23% | 4.16% | 6.21% |
| EPS 2 | -2.500 | 0.4500 | 8.050 | -2.390 | -2.370 | -0.4370 | 1.558 | 2.503 |
| Free Cash Flow 1 | -8,645 | 10,269 | 87,683 | -8,979 | -16,793 | 19,522 | 6,794 | - |
| FCF margin | -3.22% | 3.79% | 23.65% | -3.64% | -6.77% | 7.14% | 2.36% | - |
| FCF Conversion (EBITDA) | - | 27.4% | 90.64% | - | - | 64.22% | 16.03% | - |
| FCF Conversion (Net income) | - | 304.18% | 142.97% | - | - | - | 56.69% | - |
| Dividend per Share 2 | - | 0.3750 | 1.250 | - | - | 0.9500 | 1.000 | 1.300 |
| Announcement Date | 20-02-06 | 21-02-04 | 22-02-11 | 23-02-08 | 24-01-31 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 99,055 | 93,034 | 81,528 | 62,884 | 49,732 | 52,648 | 51,188 | 63,321 | 70,110 | 63,350 | 59,511 | 66,378 | 72,748 | 72,990 | 68,974 |
| EBITDA 1 | 28,818 | 18,560 | 13,304 | 3,256 | -5,884 | -3,179 | -3,469 | 3,552 | 7,035 | 3,427 | 3,116 | 6,074 | 9,725 | 11,337 | - |
| EBIT 1 | 20,427 | 10,346 | 5,298 | -4,645 | -13,715 | -10,909 | -11,138 | -4,420 | -1,332 | -5,070 | -4,617 | -1,779 | 733.3 | 1,140 | - |
| Operating Margin | 20.62% | 11.12% | 6.5% | -7.39% | -27.58% | -20.72% | -21.76% | -6.98% | -1.9% | -8% | -7.76% | -2.68% | 1.01% | 1.56% | - |
| Earnings before Tax (EBT) 1 | 20,891 | 12,057 | 6,015 | -3,643 | -11,401 | -10,476 | -11,293 | -4,264 | -764.5 | -5,360 | -4,299 | -1,431 | 1,429 | 1,727 | - |
| Net income 1 | 19,310 | 10,655 | 5,164 | -5,632 | -10,426 | -10,208 | -10,911 | -4,810 | -975.3 | -1,510 | -4,207 | -1,400 | 1,142 | 1,704 | 521 |
| Net margin | 19.49% | 11.45% | 6.33% | -8.96% | -20.96% | -19.39% | -21.31% | -7.6% | -1.39% | -2.38% | -7.07% | -2.11% | 1.57% | 2.33% | 0.76% |
| EPS 2 | 2.512 | 1.400 | 0.6750 | -0.7375 | -1.230 | -1.330 | -1.420 | -0.6300 | -0.1300 | -0.2000 | -0.5490 | -0.1902 | 0.1475 | 0.1782 | -0.1550 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-11-11 | 22-02-11 | 22-04-26 | 22-07-28 | 22-10-26 | 23-02-08 | 23-05-12 | 23-07-26 | 23-11-13 | 24-01-31 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 30,942 | 26,520 | - | 6,331 | 27,881 | 27,782 | 28,171 | - |
| Net Cash position 1 | - | - | 25,245 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.96 x | 0.7076 x | - | 0.8446 x | 2.644 x | 0.914 x | 0.6648 x | - |
| Free Cash Flow 1 | -8,645 | 10,269 | 87,683 | -8,979 | -16,793 | 19,522 | 6,795 | - |
| ROE (net income / shareholders' equity) | -10.1% | 1.9% | 29.6% | -10.1% | -10.6% | -1.59% | 7.29% | 13.2% |
| ROA (Net income/ Total Assets) | -4.75% | 0.84% | 14.7% | -5.2% | -4.73% | -0.94% | 1.55% | - |
| Assets 1 | 403,733 | 402,456 | 416,040 | 405,827 | 385,156 | 356,107 | 774,980 | - |
| Book Value Per Share 2 | 23.00 | 24.10 | 30.40 | 21.00 | 20.70 | 20.90 | 21.60 | - |
| Cash Flow per Share 2 | 2.700 | 3.390 | 11.50 | 3.060 | 1.300 | 3.850 | - | - |
| Capex 1 | 29,376 | 15,478 | 17,038 | 35,950 | 26,787 | 28,614 | 29,322 | - |
| Capex / Sales | 10.93% | 5.71% | 4.6% | 14.57% | 10.8% | 10.46% | 10.17% | - |
| Announcement Date | 20-02-06 | 21-02-04 | 22-02-11 | 23-02-08 | 24-01-31 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
18.25
TWD
Average target price
19.25
TWD
Spread / Average Target
+5.48%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.55% | 4.29B | |
| +2.89% | 26.8B | |
| +14.65% | 12.48B | |
| +15.48% | 7.97B | |
| -10.70% | 4.15B | |
| -1.75% | 3.91B | |
| -19.00% | 3.75B | |
| +15.41% | 3.86B | |
| -24.98% | 2.71B | |
| -24.96% | 1.7B |
- Stock Market
- Equities
- 2409 Stock
- Financials AUO Corporation
