Financials Nan Ya Printed Circuit Board Corporation

Equities

8046

TW0008046004

Semiconductors

End-of-day quote Taiwan S.E. 18:00:00 2024-06-26 EDT 5-day change 1st Jan Change
186.5 TWD -0.80% Intraday chart for Nan Ya Printed Circuit Board Corporation -6.52% -25.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 29,691 117,602 369,607 146,680 162,511 120,510 - -
Enterprise Value (EV) 1 24,546 113,043 358,683 128,550 151,637 111,197 108,993 110,490
P/E ratio 95.7 x 32.1 x 34.9 x 7.56 x 27.9 x 50.6 x 15.9 x 15.5 x
Yield 1.52% 1.87% 1.75% - 2.19% 1.79% 4.51% 5.87%
Capitalization / Revenue 0.95 x 3.05 x 7.08 x 2.27 x 3.85 x 3.28 x 2.37 x 2.17 x
EV / Revenue 0.79 x 2.94 x 6.87 x 1.99 x 3.59 x 3.02 x 2.14 x 1.99 x
EV / EBITDA 9.06 x 16.1 x 21.7 x 4.6 x 12.4 x 13.6 x 6.97 x 6.69 x
EV / FCF -18.7 x -147 x 48 x 8.36 x 32 x 29.2 x 12.9 x -
FCF Yield -5.35% -0.68% 2.08% 12% 3.12% 3.42% 7.76% -
Price to Book 1.02 x 3.63 x 9.13 x 2.73 x 3.39 x 2.47 x 2.21 x 1.94 x
Nbr of stocks (in thousands) 646,166 646,166 646,166 646,166 646,166 646,166 - -
Reference price 2 45.95 182.0 572.0 227.0 251.5 186.5 186.5 186.5
Announcement Date 20-03-17 21-02-24 22-02-25 23-02-24 24-02-29 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 31,094 38,513 52,228 64,647 42,253 36,768 50,888 55,496
EBITDA 1 2,708 7,041 16,505 27,919 12,226 8,158 15,646 16,506
EBIT 1 71.32 4,108 12,871 23,575 6,330 2,118 9,143 10,535
Operating Margin 0.23% 10.67% 24.64% 36.47% 14.98% 5.76% 17.97% 18.98%
Earnings before Tax (EBT) 1 385.3 4,003 13,095 25,362 7,107 3,395 8,107 12,374
Net income 1 308.2 3,666 10,582 19,416 5,817 2,787 8,336 9,749
Net margin 0.99% 9.52% 20.26% 30.03% 13.77% 7.58% 16.38% 17.57%
EPS 2 0.4800 5.670 16.37 30.04 9.000 3.683 11.71 12.05
Free Cash Flow 1 -1,313 -770 7,478 15,386 4,734 3,802 8,456 -
FCF margin -4.22% -2% 14.32% 23.8% 11.2% 10.34% 16.62% -
FCF Conversion (EBITDA) - - 45.31% 55.11% 38.72% 46.6% 54.04% -
FCF Conversion (Net income) - - 70.67% 79.24% 81.39% 136.43% 101.44% -
Dividend per Share 2 0.7000 3.400 10.00 - 5.500 3.340 8.410 10.95
Announcement Date 20-03-17 21-02-24 22-02-25 23-02-24 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 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 14,774 14,562 15,186 17,195 17,704 12,581 10,134 10,227 9,311 7,101 8,383 10,532 11,131 12,043 13,115
EBITDA 1 5,394 5,837 6,449 7,549 8,084 4,443 2,935 2,571 2,277 802.9 1,760 2,895 3,318 2,484 -
EBIT 1 4,382 4,786 5,382 6,446 6,960 3,165 1,444 1,031 690 -794 299.5 1,303 1,642 2,275 2,738
Operating Margin 29.66% 32.87% 35.44% 37.49% 39.31% 25.16% 14.25% 10.08% 7.41% -11.18% 3.57% 12.37% 14.75% 18.89% 20.88%
Earnings before Tax (EBT) 1 4,286 5,215 6,077 7,447 6,623 3,148 1,973 1,443 542.5 -241.4 354.1 1,444 1,838 1,110 1,336
Net income 1 3,554 3,884 4,864 5,517 5,150 2,325 1,573 1,076 843.2 -152.4 306.3 1,149 1,484 1,152 1,052
Net margin 24.06% 26.67% 32.03% 32.08% 29.09% 18.48% 15.52% 10.52% 9.06% -2.15% 3.65% 10.91% 13.33% 9.57% 8.03%
EPS 2 5.500 6.010 7.530 8.540 7.970 3.600 2.430 1.660 1.300 -0.2400 0.4770 1.782 2.306 3.072 3.411
Dividend per Share 2 10.00 - - - - - - - - - - - 5.401 - -
Announcement Date 22-02-25 22-05-05 22-08-04 22-11-03 23-02-24 23-05-04 23-08-03 23-11-02 24-02-29 24-05-06 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 5,145 4,559 10,924 18,130 10,874 9,313 11,517 10,020
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -1,313 -770 7,478 15,386 4,734 3,802 8,456 -
ROE (net income / shareholders' equity) 1.05% 11.9% 29.1% 41.2% 11.4% 6.24% 14.5% 13.4%
ROA (Net income/ Total Assets) 0.81% 8.85% 21% 28.1% 7.64% 5.19% 11.6% -
Assets 1 38,186 41,435 50,451 69,048 76,094 53,749 71,997 -
Book Value Per Share 2 45.20 50.10 62.60 83.10 74.10 75.60 84.30 96.10
Cash Flow per Share 2 3.940 10.20 24.60 50.00 25.60 16.00 23.10 19.60
Capex 1 3,828 7,357 8,451 16,922 11,779 5,698 6,880 4,500
Capex / Sales 12.31% 19.1% 16.18% 26.18% 27.88% 15.5% 13.52% 8.11%
Announcement Date 20-03-17 21-02-24 22-02-25 23-02-24 24-02-29 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
186.5 TWD
Average target price
199.8 TWD
Spread / Average Target
+7.13%
Consensus
  1. Stock Market
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  3. 8046 Stock
  4. Financials Nan Ya Printed Circuit Board Corporation