Financials Top High Image Corp.

Equities

3284

TW0003284006

Industrial Machinery & Equipment

End-of-day quote Taipei Exchange 18:00:00 2024-06-13 EDT 5-day change 1st Jan Change
39.25 TWD +1.82% Intraday chart for Top High Image Corp. -2.12% +139.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 817.5 769 782.4 851.7 1,231 1,457
Enterprise Value (EV) 1 1,009 1,091 1,114 1,078 1,380 1,743
P/E ratio 253 x -21.3 x -9.73 x -14.4 x 30.4 x 21.6 x
Yield 1.98% - - - 0.71% 1.22%
Capitalization / Revenue 0.93 x 0.9 x 1.15 x 1.49 x 1.54 x 1.89 x
EV / Revenue 1.15 x 1.27 x 1.63 x 1.89 x 1.73 x 2.26 x
EV / EBITDA 169 x 64.1 x 1,583 x -36.9 x 23.1 x 19.5 x
EV / FCF -7.44 x -18.3 x 6.83 x 67.2 x -7.86 x -14.2 x
FCF Yield -13.4% -5.45% 14.6% 1.49% -12.7% -7.05%
Price to Book 1.02 x 1.05 x 1.19 x 1.13 x 1.24 x 1.4 x
Nbr of stocks (in thousands) 54,502 54,502 54,502 69,651 88,841 88,841
Reference price 2 15.00 14.11 14.36 12.23 13.86 16.40
Announcement Date 3/27/19 3/31/20 3/30/21 3/31/22 3/30/23 3/21/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 876.5 856.9 682 571.5 797.7 769.9
EBITDA 1 5.976 17.02 0.704 -29.22 59.68 89.59
EBIT 1 -31.49 -15.35 -29.23 -52.76 49.63 78.12
Operating Margin -3.59% -1.79% -4.29% -9.23% 6.22% 10.15%
Earnings before Tax (EBT) 1 3.613 -34.22 -95.78 -65.03 46.22 85.89
Net income 1 3.441 -36.04 -80.22 -52.38 35.56 67.46
Net margin 0.39% -4.21% -11.76% -9.17% 4.46% 8.76%
EPS 2 0.0594 -0.6634 -1.475 -0.8519 0.4554 0.7593
Free Cash Flow 1 -135.6 -59.46 163.2 16.04 -175.6 -122.8
FCF margin -15.46% -6.94% 23.92% 2.81% -22.01% -15.95%
FCF Conversion (EBITDA) - - 23,174.72% - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.2970 - - - 0.0990 0.2000
Announcement Date 3/27/19 3/31/20 3/30/21 3/31/22 3/30/23 3/21/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 191 322 332 227 149 286
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 32 x 18.9 x 471.1 x -7.752 x 2.49 x 3.188 x
Free Cash Flow 1 -136 -59.5 163 16 -176 -123
ROE (net income / shareholders' equity) 0.4% -4.71% -11.6% -7.43% 4.07% 6.34%
ROA (Net income/ Total Assets) -1.72% -0.79% -1.5% -2.67% 2.13% 2.65%
Assets 1 -200.3 4,545 5,334 1,959 1,670 2,544
Book Value Per Share 2 14.80 13.40 12.00 10.80 11.20 11.70
Cash Flow per Share 2 1.130 1.010 1.750 2.880 3.970 4.520
Capex 1 24.4 41.9 20.3 4.88 3.9 8.02
Capex / Sales 2.78% 4.89% 2.98% 0.85% 0.49% 1.04%
Announcement Date 3/27/19 3/31/20 3/30/21 3/31/22 3/30/23 3/21/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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