Financials Topview Optronics Corporation

Equities

6556

TW0006556004

Communications & Networking

End-of-day quote Taipei Exchange 18:00:00 2024-05-20 EDT 5-day change 1st Jan Change
96.2 TWD -0.82% Intraday chart for Topview Optronics Corporation -0.93% +9.07%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 530.2 1,335 1,233 2,125 3,249 2,536
Enterprise Value (EV) 1 890.6 1,500 1,292 2,328 3,346 2,347
P/E ratio 16.6 x 18.3 x 19.3 x 16.6 x 11.5 x 14.4 x
Yield 5.21% 3.88% 4.66% 4.33% 4.42% 3.4%
Capitalization / Revenue 0.46 x 1.03 x 0.78 x 1.06 x 1.44 x 1.33 x
EV / Revenue 0.78 x 1.15 x 0.82 x 1.17 x 1.49 x 1.23 x
EV / EBITDA 17.1 x 12.5 x 10.9 x 12 x 9.28 x 8.53 x
EV / FCF -8.27 x 38.3 x 8.86 x -18.8 x 29.3 x 5.79 x
FCF Yield -12.1% 2.61% 11.3% -5.33% 3.42% 17.3%
Price to Book 0.64 x 1.28 x 1.17 x 1.89 x 2.47 x 1.88 x
Nbr of stocks (in thousands) 23,000 28,750 28,750 28,750 28,750 28,750
Reference price 2 23.05 46.45 42.90 73.90 113.0 88.20
Announcement Date 19-04-01 20-03-25 21-03-30 22-03-17 23-03-21 24-03-13
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,140 1,299 1,574 1,995 2,252 1,911
EBITDA 1 52.15 120 118.4 193.6 360.7 275.3
EBIT 1 15.78 83.84 85.42 162.7 326.6 240.5
Operating Margin 1.38% 6.45% 5.43% 8.16% 14.5% 12.59%
Earnings before Tax (EBT) 1 36.28 78.25 78.56 161.3 363 234.2
Net income 1 32.13 64.19 64.24 128.2 284.8 177.3
Net margin 2.82% 4.94% 4.08% 6.43% 12.64% 9.28%
EPS 2 1.390 2.540 2.220 4.440 9.840 6.130
Free Cash Flow 1 -107.7 39.15 145.9 -124 114.3 405.4
FCF margin -9.44% 3.01% 9.27% -6.22% 5.08% 21.21%
FCF Conversion (EBITDA) - 32.63% 123.21% - 31.7% 147.26%
FCF Conversion (Net income) - 60.99% 227.07% - 40.15% 228.69%
Dividend per Share 2 1.200 1.800 2.000 3.200 5.000 3.000
Announcement Date 19-04-01 20-03-25 21-03-30 22-03-17 23-03-21 24-03-13
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 360 164 58.4 203 97 -
Net Cash position 1 - - - - - 188
Leverage (Debt/EBITDA) 6.912 x 1.369 x 0.4934 x 1.05 x 0.269 x -
Free Cash Flow 1 -108 39.1 146 -124 114 405
ROE (net income / shareholders' equity) 3.45% 6.51% 5.94% 11.9% 23.6% 13.6%
ROA (Net income/ Total Assets) 0.53% 2.73% 2.73% 4.85% 8.61% 6.62%
Assets 1 6,095 2,352 2,352 2,643 3,308 2,678
Book Value Per Share 2 36.20 36.20 36.60 39.00 45.80 46.90
Cash Flow per Share 2 15.20 13.30 12.50 7.710 11.50 15.80
Capex 1 20.7 22.2 76.2 19.2 16.8 29.5
Capex / Sales 1.81% 1.71% 4.84% 0.96% 0.75% 1.54%
Announcement Date 19-04-01 20-03-25 21-03-30 22-03-17 23-03-21 24-03-13
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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