Financials Taiwan-Asia Semiconductor Corporation

Equities

2340

TW0002340007

Semiconductors

End-of-day quote Taiwan S.E. 18:00:00 2024-05-13 EDT 5-day change 1st Jan Change
37.55 TWD +0.67% Intraday chart for Taiwan-Asia Semiconductor Corporation -2.21% -20.28%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,069 9,730 10,391 31,040 14,777 20,624
Enterprise Value (EV) 1 6,146 7,877 8,250 27,410 12,139 20,841
P/E ratio 12.5 x 17.9 x 18.5 x 34 x 41.2 x 67.3 x
Yield 2.75% 3.88% 5.06% 4.22% 2.96% -
Capitalization / Revenue 1.5 x 1.8 x 1.86 x 5.05 x 3.26 x 5.19 x
EV / Revenue 1.15 x 1.45 x 1.48 x 4.46 x 2.68 x 5.25 x
EV / EBITDA 5.25 x 6.61 x 7.34 x 19 x 15.5 x 38 x
EV / FCF -38.2 x 8.52 x 17.4 x 54.6 x -48 x -7.18 x
FCF Yield -2.62% 11.7% 5.75% 1.83% -2.08% -13.9%
Price to Book 1.07 x 1.34 x 1.34 x 3.2 x 1.74 x 2.48 x
Nbr of stocks (in thousands) 377,868 377,868 377,868 436,563 437,827 437,868
Reference price 2 21.35 25.75 27.50 71.10 33.75 47.10
Announcement Date 19-03-13 20-03-19 21-03-19 22-04-08 23-02-23 24-02-29
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,365 5,418 5,590 6,143 4,530 3,972
EBITDA 1 1,171 1,191 1,124 1,444 783.8 548.2
EBIT 1 738 740.2 689.1 1,011 383.1 78.68
Operating Margin 13.76% 13.66% 12.33% 16.45% 8.46% 1.98%
Earnings before Tax (EBT) 1 780 786.6 619.8 1,013 446.8 300.4
Net income 1 653.1 604.6 575.1 829.4 360.5 307.2
Net margin 12.17% 11.16% 10.29% 13.5% 7.96% 7.73%
EPS 2 1.706 1.440 1.490 2.090 0.8200 0.7000
Free Cash Flow 1 -160.9 924.7 474.1 502.3 -252.7 -2,902
FCF margin -3% 17.07% 8.48% 8.18% -5.58% -73.07%
FCF Conversion (EBITDA) - 77.62% 42.18% 34.79% - -
FCF Conversion (Net income) - 152.93% 82.44% 60.56% - -
Dividend per Share 2 0.5882 1.000 1.393 3.000 1.000 -
Announcement Date 19-03-13 20-03-19 21-03-19 22-04-08 23-02-23 24-02-29
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2
Net sales 1 1,366 1,282 1,328
EBITDA - - -
EBIT 1 174.8 139.6 197.8
Operating Margin 12.8% 10.89% 14.89%
Earnings before Tax (EBT) 1 154.9 183.4 178.2
Net income 1 154.5 132.1 141.2
Net margin 11.3% 10.3% 10.63%
EPS 2 0.3400 0.3000 0.3200
Dividend per Share - - -
Announcement Date 22-02-23 22-05-13 22-08-10
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 218
Net Cash position 1 1,923 1,853 2,142 3,630 2,638 -
Leverage (Debt/EBITDA) - - - - - 0.3973 x
Free Cash Flow 1 -161 925 474 502 -253 -2,902
ROE (net income / shareholders' equity) 8.85% 8.17% 7.69% 9.54% 3.96% 3.57%
ROA (Net income/ Total Assets) 4.59% 4.51% 4.11% 5.5% 2.09% 0.43%
Assets 1 14,220 13,398 13,986 15,089 17,240 71,997
Book Value Per Share 2 19.90 19.20 20.50 22.20 19.40 19.00
Cash Flow per Share 2 7.120 7.930 8.260 7.940 6.890 4.550
Capex 1 631 294 297 537 946 3,066
Capex / Sales 11.76% 5.43% 5.32% 8.75% 20.88% 77.19%
Announcement Date 19-03-13 20-03-19 21-03-19 22-04-08 23-02-23 24-02-29
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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