Financials HY Electronic (Cayman) Limited

Equities

6573

KYG4712A1013

Semiconductors

End-of-day quote Taiwan S.E. 18:00:00 2024-05-12 EDT 5-day change 1st Jan Change
12.7 TWD -1.93% Intraday chart for HY Electronic (Cayman) Limited -1.55% -12.41%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,455 1,654 1,216 1,771 1,079 1,167
Enterprise Value (EV) 1 2,308 2,413 1,953 2,532 1,717 1,947
P/E ratio 40.2 x -15.6 x -5.94 x -11.4 x -5.18 x -4.99 x
Yield 1.13% - - - - -
Capitalization / Revenue 0.71 x 0.94 x 0.75 x 0.84 x 0.88 x 0.99 x
EV / Revenue 1.12 x 1.37 x 1.21 x 1.21 x 1.41 x 1.65 x
EV / EBITDA 32.1 x -52.8 x -30 x -257 x -13.8 x -18.5 x
EV / FCF -5.52 x 148 x -20 x 1,822 x 22.1 x -24.8 x
FCF Yield -18.1% 0.67% -5.01% 0.05% 4.52% -4.04%
Price to Book 1.02 x 1.32 x 0.94 x 1.57 x 1.15 x 1.7 x
Nbr of stocks (in thousands) 67,499 67,499 80,499 80,499 80,499 80,499
Reference price 2 21.56 24.50 15.10 22.00 13.40 14.50
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/31/23 3/28/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,063 1,757 1,615 2,097 1,220 1,177
EBITDA 1 72.01 -45.74 -65.2 -9.859 -124.6 -105
EBIT 1 -81.67 -168.4 -185 -115.9 -214.3 -203.2
Operating Margin -3.96% -9.58% -11.46% -5.52% -17.56% -17.25%
Earnings before Tax (EBT) 1 12.99 -124.8 -208.5 -177.7 -235.4 -237.3
Net income 1 35.39 -106.2 -186.7 -155.6 -208.1 -234.1
Net margin 1.72% -6.04% -11.56% -7.42% -17.05% -19.88%
EPS 2 0.5366 -1.574 -2.541 -1.933 -2.585 -2.909
Free Cash Flow 1 -418.2 16.28 -97.83 1.39 77.57 -78.57
FCF margin -20.27% 0.93% -6.06% 0.07% 6.36% -6.67%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.2439 - - - - -
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/31/23 3/28/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 853 760 738 761 639 780
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 11.84 x -16.61 x -11.32 x -77.17 x -5.129 x -7.426 x
Free Cash Flow 1 -418 16.3 -97.8 1.39 77.6 -78.6
ROE (net income / shareholders' equity) 1.57% -8.92% -17.3% -14.3% -22.3% -29%
ROA (Net income/ Total Assets) -1.64% -3.13% -3.71% -2.45% -5.19% -5.87%
Assets 1 -2,160 3,393 5,037 6,356 4,013 3,992
Book Value Per Share 2 21.10 18.50 16.00 14.00 11.60 8.540
Cash Flow per Share 2 4.770 4.980 2.590 1.930 2.450 1.640
Capex 1 272 174 154 123 74.1 37.1
Capex / Sales 13.16% 9.91% 9.52% 5.88% 6.08% 3.15%
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/31/23 3/28/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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