Financials Tatung System Technologies Inc.

Equities

8099

TW0008099003

Computer Hardware

End-of-day quote Taipei Exchange 18:00:00 2024-05-19 EDT 5-day change 1st Jan Change
68 TWD +0.15% Intraday chart for Tatung System Technologies Inc. +4.29% +37.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,136 1,210 2,351 3,538 3,463 4,375
Enterprise Value (EV) 1 1,013 882 2,021 3,125 3,296 3,759
P/E ratio 14.7 x 12.1 x 16.3 x 20 x 19.6 x 23.4 x
Yield 3.08% 6.12% 5.08% 4.51% 4.48% -
Capitalization / Revenue 0.31 x 0.3 x 0.55 x 0.83 x 0.8 x 1.05 x
EV / Revenue 0.27 x 0.22 x 0.47 x 0.73 x 0.76 x 0.9 x
EV / EBITDA 5.3 x 4.71 x 9.59 x 11.2 x 12.6 x 14.1 x
EV / FCF 9.79 x 5.51 x 11.9 x 7.08 x 84.7 x 7.5 x
FCF Yield 10.2% 18.2% 8.38% 14.1% 1.18% 13.3%
Price to Book 1.15 x 1.16 x 1.74 x 2.5 x 2.42 x 2.98 x
Nbr of stocks (in thousands) 70,560 70,560 88,560 88,560 88,560 88,560
Reference price 2 16.10 17.15 26.55 39.95 39.10 49.40
Announcement Date 19-04-01 20-03-30 21-03-22 22-03-07 23-03-16 24-03-01
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,701 4,028 4,286 4,272 4,347 4,180
EBITDA 1 191 187.1 210.7 278.5 260.6 267
EBIT 1 88.86 133 157.1 214.1 194.9 212.8
Operating Margin 2.4% 3.3% 3.67% 5.01% 4.48% 5.09%
Earnings before Tax (EBT) 1 90.49 125.9 178.9 222.5 220 231.8
Net income 1 78.08 102.7 145.5 178.3 178.5 188.1
Net margin 2.11% 2.55% 3.39% 4.17% 4.11% 4.5%
EPS 2 1.095 1.420 1.630 2.000 2.000 2.110
Free Cash Flow 1 103.5 160.1 169.3 441.1 38.92 500.9
FCF margin 2.8% 3.97% 3.95% 10.33% 0.9% 11.99%
FCF Conversion (EBITDA) 54.18% 85.59% 80.34% 158.39% 14.93% 187.64%
FCF Conversion (Net income) 132.54% 155.91% 116.36% 247.44% 21.81% 266.26%
Dividend per Share 2 0.4952 1.050 1.350 1.800 1.750 -
Announcement Date 19-04-01 20-03-30 21-03-22 22-03-07 23-03-16 24-03-01
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 123 328 330 413 167 616
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 103 160 169 441 38.9 501
ROE (net income / shareholders' equity) 7.57% 8.74% 10.9% 12.9% 12.5% 13%
ROA (Net income/ Total Assets) 2.51% 3.03% 3.42% 4.49% 3.69% 4.04%
Assets 1 3,108 3,384 4,260 3,968 4,842 4,654
Book Value Per Share 2 13.90 14.80 15.30 16.00 16.20 16.60
Cash Flow per Share 2 6.650 8.030 6.180 7.080 6.610 8.340
Capex 1 3.96 9.43 4.73 27.6 12 19.5
Capex / Sales 0.11% 0.23% 0.11% 0.65% 0.28% 0.47%
Announcement Date 19-04-01 20-03-30 21-03-22 22-03-07 23-03-16 24-03-01
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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