Financials Highlight Tech Corp.

Equities

6208

TW0006208002

Industrial Machinery & Equipment

End-of-day quote Taipei Exchange 18:00:00 2024-05-09 EDT 5-day change 1st Jan Change
55.3 TWD -7.21% Intraday chart for Highlight Tech Corp. -6.90% +13.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,089 2,821 3,910 7,172 5,851 5,739
Enterprise Value (EV) 1 2,072 2,697 4,606 7,539 6,742 7,471
P/E ratio 10.1 x 12.6 x 14.3 x 18.9 x 12 x 16.3 x
Yield 8.06% 5.96% 5.32% 3.59% 5.45% -
Capitalization / Revenue 0.93 x 1.19 x 1.52 x 2.17 x 1.5 x 1.36 x
EV / Revenue 0.93 x 1.14 x 1.8 x 2.28 x 1.73 x 1.78 x
EV / EBITDA 6.51 x 7.22 x 12 x 12.3 x 8.79 x 10.1 x
EV / FCF -18.9 x 7.42 x -6.19 x 17.2 x -9.34 x -7.79 x
FCF Yield -5.3% 13.5% -16.2% 5.82% -10.7% -12.8%
Price to Book 1.16 x 1.52 x 1.62 x 2.75 x 2.03 x 1.97 x
Nbr of stocks (in thousands) 98,994 98,994 103,994 117,191 118,202 118,202
Reference price 2 21.10 28.50 37.60 61.20 49.50 48.55
Announcement Date 19-03-29 20-03-11 21-03-26 22-03-25 23-03-28 24-03-15
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,238 2,372 2,566 3,308 3,908 4,205
EBITDA 1 318.5 373.3 382.9 613.6 767 737.2
EBIT 1 221.2 286.1 273.8 475 628.8 551.7
Operating Margin 9.88% 12.06% 10.67% 14.36% 16.09% 13.12%
Earnings before Tax (EBT) 1 249.7 325.5 377.8 494.9 703.4 523.6
Net income 1 208.6 228.1 294.2 388.2 495 357
Net margin 9.32% 9.62% 11.47% 11.74% 12.67% 8.49%
EPS 2 2.080 2.270 2.625 3.245 4.130 2.980
Free Cash Flow 1 -109.9 363.5 -744.7 438.7 -722 -958.5
FCF margin -4.91% 15.33% -29.02% 13.26% -18.48% -22.79%
FCF Conversion (EBITDA) - 97.39% - 71.5% - -
FCF Conversion (Net income) - 159.38% - 113.01% - -
Dividend per Share 2 1.700 1.700 2.000 2.200 2.700 -
Announcement Date 19-03-29 20-03-11 21-03-26 22-03-25 23-03-28 24-03-15
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 696 367 891 1,732
Net Cash position 1 16.8 125 - - - -
Leverage (Debt/EBITDA) - - 1.818 x 0.5977 x 1.162 x 2.35 x
Free Cash Flow 1 -110 364 -745 439 -722 -959
ROE (net income / shareholders' equity) 11.4% 13% 14.5% 14.9% 17.8% 12.1%
ROA (Net income/ Total Assets) 5.19% 5.89% 4.16% 5.49% 6.25% 4.91%
Assets 1 4,022 3,874 7,067 7,072 7,926 7,275
Book Value Per Share 2 18.20 18.80 23.20 22.30 24.30 24.70
Cash Flow per Share 2 2.240 3.860 4.560 5.240 5.840 6.950
Capex 1 116 187 981 255 990 573
Capex / Sales 5.18% 7.86% 38.22% 7.7% 25.33% 13.61%
Announcement Date 19-03-29 20-03-11 21-03-26 22-03-25 23-03-28 24-03-15
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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