TOPTEC CO., LTD

Financials TOPTEC Co., Ltd

Equities

A108230

KR7108230004

Semiconductor Equipment & Testing

End-of-day quote Korea S.E. Other stock markets 18:00:00 2024-05-19 EDT			5-day change	1st Jan Change
8,130 ^KRW	-6.66%		-0.61%	+6.00%

03-20	TOPTEC Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	TOPTEC Co., Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	276,944	347,738	443,238	334,050	235,312	276,393
Enterprise Value (EV) ¹	76,216	238,173	336,449	242,646	165,155	259,630
P/E ratio	14 x	95.1 x	41.8 x	-4.47 x	16.1 x	5.26 x
Yield	1.96%	1%	0.81%	-	1.53%	3.91%
Capitalization / Revenue	0.9 x	2.08 x	1.38 x	2.03 x	0.68 x	0.46 x
EV / Revenue	0.25 x	1.42 x	1.04 x	1.47 x	0.48 x	0.43 x
EV / EBITDA	7.08 x	-77.4 x	8.82 x	-3.07 x	7.11 x	3.54 x
EV / FCF	-1.63 x	-2.96 x	-12.2 x	-9.42 x	-4.62 x	-2.63 x
FCF Yield	-61.4%	-33.7%	-8.22%	-10.6%	-21.6%	-38.1%
Price to Book	0.8 x	1.04 x	1.22 x	1.13 x	0.75 x	0.74 x
Nbr of stocks (in thousands)	36,107	34,809	36,036	36,036	36,036	36,036
Reference price ²	7,670	9,990	12,300	9,270	6,530	7,670
Announcement Date	19-03-21	20-03-19	21-03-22	22-03-21	23-03-20	24-03-20

¹KRW in Million²KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net sales ¹	308,792	167,160	322,026	164,877	344,979	601,656
EBITDA ¹	10,765	-3,079	38,128	-78,928	23,218	73,253
EBIT ¹	8,227	-6,564	28,865	-89,554	17,964	68,976
Operating Margin	2.66%	-3.93%	8.96%	-54.32%	5.21%	11.46%
Earnings before Tax (EBT) ¹	30,229	3,340	14,358	-117,127	14,240	70,922
Net income ¹	19,756	3,659	10,556	-74,782	14,587	57,327
Net margin	6.4%	2.19%	3.28%	-45.36%	4.23%	9.53%
EPS ²	546.3	105.0	294.0	-2,075	404.8	1,458
Free Cash Flow ¹	-46,833	-80,359	-27,658	-25,762	-35,732	-98,817
FCF margin	-15.17%	-48.07%	-8.59%	-15.63%	-10.36%	-16.42%
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	150.0	100.0	100.0	-	100.0	300.0
Announcement Date	19-03-21	20-03-19	21-03-22	22-03-21	23-03-20	24-03-20

¹KRW in Million²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	200,728	109,565	106,789	91,404	70,158	16,763
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-46,833	-80,359	-27,658	-25,762	-35,732	-98,817
ROE (net income / shareholders' equity)	5.27%	0.06%	3.69%	-29.2%	1.84%	13.3%
ROA (Net income/ Total Assets)	1.23%	-0.97%	3.91%	-12.8%	2.55%	6.87%
Assets ¹	1,609,841	-376,320	269,989	584,671	572,683	835,044
Book Value Per Share ²	9,617	9,597	10,064	8,206	8,696	10,408
Cash Flow per Share ²	5,968	4,231	3,585	2,755	2,118	3,644
Capex ¹	14,902	56,022	26,288	7,000	37,819	22,256
Capex / Sales	4.83%	33.51%	8.16%	4.25%	10.96%	3.7%
Announcement Date	19-03-21	20-03-19	21-03-22	22-03-21	23-03-20	24-03-20

¹KRW in Million²KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Semiconductor Machinery Manufacturing

	1st Jan change	Capi.
TOPTEC CO., LTD	+6.00%	235M
APPLIED MATERIALS, INC.	+35.71%	176B
DISCO CORPORATION	+63.75%	39.08B
ASM INTERNATIONAL N.V.	+39.38%	34.77B
GLOBALFOUNDRIES, INC.	-10.89%	29.86B
NAURA TECHNOLOGY GROUP CO., LTD.	+18.35%	21.39B
BE SEMICONDUCTOR INDUSTRIES N.V.	+1.98%	11.32B
ADVANCED MICRO-FABRICATION EQUIPMENT INC. CHINA	-14.45%	11.22B
HANMI SEMICONDUCTOR CO., LTD.	+129.01%	9.97B
KOKUSAI ELECTRIC CORPORATION	+24.47%	5.77B

Semiconductor Machinery Manufacturing

Stock Market
Equities
A108230 Stock
Financials TOPTEC Co., Ltd

-40% Exceptional extension: Our subscriptions help you unlock the best investment opportunities.

BENEFIT NOW