Financials Pan-International Industrial Corp.

Equities

2328

TW0002328002

Electronic Equipment & Parts

End-of-day quote Taiwan S.E. 18:00:00 2024-05-07 EDT 5-day change 1st Jan Change
36.3 TWD +3.27% Intraday chart for Pan-International Industrial Corp. +5.83% +2.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 10,289 12,077 13,296 20,423 19,334 18,375
Enterprise Value (EV) 1 7,297 7,669 7,490 15,366 14,900 11,650
P/E ratio 8.74 x 11.8 x 20.2 x 21.2 x 14.7 x 14.7 x
Yield 5.54% 4.29% 2.53% 2.54% 3.75% 3.67%
Capitalization / Revenue 0.38 x 0.47 x 0.65 x 0.84 x 0.74 x 0.72 x
EV / Revenue 0.27 x 0.3 x 0.36 x 0.63 x 0.57 x 0.45 x
EV / EBITDA 4.69 x 4.99 x 6.04 x 8.94 x 6.4 x 5.46 x
EV / FCF 29.8 x 3.81 x 5.07 x -16.7 x -32.8 x 3.91 x
FCF Yield 3.36% 26.2% 19.7% -5.99% -3.05% 25.6%
Price to Book 0.94 x 1.1 x 1.19 x 1.65 x 1.5 x 1.37 x
Nbr of stocks (in thousands) 518,346 518,346 518,346 518,346 518,346 518,346
Reference price 2 19.85 23.30 25.65 39.40 37.30 35.45
Announcement Date 19-03-26 20-03-24 21-03-29 22-03-23 23-03-22 24-03-15
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 27,161 25,601 20,548 24,226 26,257 25,634
EBITDA 1 1,556 1,536 1,240 1,719 2,330 2,134
EBIT 1 1,212 1,194 924.8 1,382 1,821 1,601
Operating Margin 4.46% 4.67% 4.5% 5.71% 6.94% 6.25%
Earnings before Tax (EBT) 1 1,760 1,530 1,193 1,549 2,056 1,842
Net income 1 1,185 1,029 663.2 967.2 1,322 1,257
Net margin 4.36% 4.02% 3.23% 3.99% 5.04% 4.9%
EPS 2 2.270 1.970 1.270 1.860 2.540 2.410
Free Cash Flow 1 244.9 2,012 1,478 -919.9 -454.1 2,977
FCF margin 0.9% 7.86% 7.19% -3.8% -1.73% 11.61%
FCF Conversion (EBITDA) 15.74% 130.95% 119.21% - - 139.49%
FCF Conversion (Net income) 20.66% 195.44% 222.83% - - 236.88%
Dividend per Share 2 1.100 1.000 0.6500 1.000 1.400 1.300
Announcement Date 19-03-26 20-03-24 21-03-29 22-03-23 23-03-22 24-03-15
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,992 4,409 5,806 5,057 4,434 6,726
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 245 2,012 1,478 -920 -454 2,977
ROE (net income / shareholders' equity) 11% 9.19% 6.23% 8.65% 10.9% 9.89%
ROA (Net income/ Total Assets) 3.47% 3.34% 2.73% 3.84% 4.58% 4.02%
Assets 1 34,175 30,861 24,306 25,194 28,884 31,265
Book Value Per Share 2 21.10 21.10 21.50 23.90 24.90 25.90
Cash Flow per Share 2 8.570 12.00 14.60 12.00 13.00 12.40
Capex 1 314 322 340 625 959 808
Capex / Sales 1.15% 1.26% 1.65% 2.58% 3.65% 3.15%
Announcement Date 19-03-26 20-03-24 21-03-29 22-03-23 23-03-22 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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