Financials Bison Electronics Inc.

Equities

3659

TW0003659009

Computer Hardware

End-of-day quote Taipei Exchange 18:00:00 2024-06-13 EDT 5-day change 1st Jan Change
30.65 TWD +4.97% Intraday chart for Bison Electronics Inc. +2.51% +30.43%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 467.4 687.9 661.8 1,019 887.6 1,272
Enterprise Value (EV) 1 617.6 676.9 623.4 1,099 868.2 1,426
P/E ratio 16.4 x 8.68 x 7.27 x 9.81 x 8 x 9.51 x
Yield 3.16% 5.72% 8.92% 2.9% 6.1% 6.38%
Capitalization / Revenue 0.3 x 0.43 x 0.48 x 0.53 x 0.43 x 0.51 x
EV / Revenue 0.39 x 0.42 x 0.45 x 0.58 x 0.42 x 0.57 x
EV / EBITDA 7.87 x 4.54 x 4.01 x 6.65 x 5.45 x 6.24 x
EV / FCF -4.92 x 3.29 x 12.7 x -13 x 8.25 x -14.2 x
FCF Yield -20.3% 30.4% 7.86% -7.72% 12.1% -7.04%
Price to Book 0.75 x 1 x 0.89 x 1.3 x 1.02 x 1.33 x
Nbr of stocks (in thousands) 54,124 54,124 54,124 54,124 54,124 54,124
Reference price 2 8.636 12.71 12.23 18.82 16.40 23.50
Announcement Date 19-03-29 20-03-19 21-03-30 22-05-20 23-03-31 24-03-19
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,572 1,616 1,385 1,906 2,058 2,512
EBITDA 1 78.43 149 155.6 165.3 159.3 228.6
EBIT 1 42.22 113.8 123.2 134 125.5 190.6
Operating Margin 2.69% 7.04% 8.9% 7.03% 6.1% 7.59%
Earnings before Tax (EBT) 1 41.63 100.5 114.5 127.2 144 179.4
Net income 1 28.96 80.71 92.18 106.4 114.3 137.4
Net margin 1.84% 4.99% 6.66% 5.58% 5.55% 5.47%
EPS 2 0.5273 1.464 1.682 1.918 2.050 2.470
Free Cash Flow 1 -125.4 205.8 48.97 -84.85 105.3 -100.4
FCF margin -7.98% 12.73% 3.54% -4.45% 5.11% -4%
FCF Conversion (EBITDA) - 138.11% 31.48% - 66.09% -
FCF Conversion (Net income) - 255% 53.13% - 92.1% -
Dividend per Share 2 0.2727 0.7273 1.091 0.5455 1.000 1.500
Announcement Date 19-03-29 20-03-19 21-03-30 22-05-20 23-03-31 24-03-19
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 150 - - 80.5 - 154
Net Cash position 1 - 11 38.3 - 19.5 -
Leverage (Debt/EBITDA) 1.914 x - - 0.487 x - 0.6728 x
Free Cash Flow 1 -125 206 49 -84.8 105 -100
ROE (net income / shareholders' equity) 4.71% 12.3% 12.9% 13.9% 13.8% 15%
ROA (Net income/ Total Assets) 1.91% 5.02% 5.16% 5.08% 4.37% 5.5%
Assets 1 1,516 1,608 1,786 2,095 2,617 2,499
Book Value Per Share 2 11.50 12.70 13.70 14.50 16.10 17.60
Cash Flow per Share 2 1.740 3.620 3.840 1.360 3.830 4.220
Capex 1 239 33.2 18.7 36 112 36.8
Capex / Sales 15.2% 2.05% 1.35% 1.89% 5.43% 1.47%
Announcement Date 19-03-29 20-03-19 21-03-30 22-05-20 23-03-31 24-03-19
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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