VISUAL PHOTONICS EPITAXY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 143.5 TWD | +2.50% |
|
0.00% | -10.59% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 21,819 | 20,709 | 26,626 | 12,759 | 29,677 | 26,534 | - | - |
| Enterprise Value (EV) 1 | 21,817 | 20,424 | 26,097 | 12,759 | 29,652 | 26,101 | 25,615 | 25,208 |
| P/E ratio | 42.4 x | 39.2 x | 31.3 x | 23.4 x | 66 x | 31.9 x | 23.9 x | 20.6 x |
| Yield | 2.12% | 2.31% | 2.78% | - | 1.37% | 1.53% | 3.13% | 3.83% |
| Capitalization / Revenue | 8.62 x | 7.83 x | 7.38 x | 4.9 x | 11 x | 7.1 x | 6.01 x | 5.11 x |
| EV / Revenue | 8.62 x | 7.72 x | 7.23 x | 4.9 x | 11 x | 6.98 x | 5.81 x | 4.86 x |
| EV / EBITDA | 24.1 x | 21 x | 19.6 x | 15.5 x | 35.9 x | 20.6 x | 16.1 x | 13 x |
| EV / FCF | 43.5 x | 27 x | 36.7 x | - | 58.9 x | 46.4 x | 24.3 x | 17.4 x |
| FCF Yield | 2.3% | 3.7% | 2.73% | - | 1.7% | 2.15% | 4.11% | 5.74% |
| Price to Book | 7.71 x | 7.14 x | 8.12 x | - | 9.67 x | 7.41 x | 6.56 x | 5.86 x |
| Nbr of stocks (in thousands) | 184,906 | 184,906 | 184,906 | 184,906 | 184,906 | 184,906 | - | - |
| Reference price 2 | 118.0 | 112.0 | 144.0 | 69.00 | 160.5 | 143.5 | 143.5 | 143.5 |
| Announcement Date | 20-03-19 | 21-03-19 | 22-03-10 | 23-03-17 | 24-03-01 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,531 | 2,645 | 3,609 | 2,604 | 2,694 | 3,739 | 4,412 | 5,188 |
| EBITDA 1 | 904.6 | 972.8 | 1,329 | 823.2 | 826.1 | 1,267 | 1,589 | 1,932 |
| EBIT 1 | 649 | 687.5 | 1,057 | 580 | 542.1 | 964.7 | 1,305 | 1,559 |
| Operating Margin | 25.64% | 25.99% | 29.28% | 22.27% | 20.12% | 25.8% | 29.56% | 30.04% |
| Earnings before Tax (EBT) 1 | 628.6 | 647.3 | 1,053 | 667.5 | 541.7 | 1,024 | 1,358 | 1,532 |
| Net income 1 | 514.3 | 532.6 | 855.1 | 544.7 | 450.2 | 829 | 1,106 | 1,244 |
| Net margin | 20.32% | 20.14% | 23.7% | 20.92% | 16.71% | 22.17% | 25.08% | 23.98% |
| EPS 2 | 2.780 | 2.860 | 4.600 | 2.950 | 2.430 | 4.493 | 6.007 | 6.966 |
| Free Cash Flow 1 | 501.8 | 756.1 | 711.2 | - | 503.8 | 562 | 1,053 | 1,446 |
| FCF margin | 19.82% | 28.59% | 19.71% | - | 18.7% | 15.03% | 23.86% | 27.87% |
| FCF Conversion (EBITDA) | 55.47% | 77.72% | 53.52% | - | 60.99% | 44.37% | 66.23% | 74.86% |
| FCF Conversion (Net income) | 97.56% | 141.97% | 83.18% | - | 111.9% | 67.79% | 95.13% | 116.24% |
| Dividend per Share 2 | 2.500 | 2.590 | 4.000 | - | 2.200 | 2.196 | 4.494 | 5.493 |
| Announcement Date | 20-03-19 | 21-03-19 | 22-03-10 | 23-03-17 | 24-03-01 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 875.8 | 839.2 | 736.3 | 522.1 | 506.1 | 394.4 | 594.3 | 768.4 | 936.9 | 837.4 | 843 | 1,013 | 1,042 | 935.5 | 1,008 |
| EBITDA 1 | 290 | 301 | 232.3 | 158.7 | 131.2 | 90.71 | 165.6 | 226.2 | 343.7 | 271.3 | 279 | 364 | 378 | - | - |
| EBIT 1 | 225.9 | 244.6 | 175 | 97.12 | 63.27 | 21.56 | 95.34 | 153.8 | 271.3 | 199.2 | 202 | 286 | 293 | 247.6 | 278.5 |
| Operating Margin | 25.79% | 29.15% | 23.77% | 18.6% | 12.5% | 5.47% | 16.04% | 20.02% | 28.96% | 23.79% | 23.96% | 28.23% | 28.12% | 26.46% | 27.63% |
| Earnings before Tax (EBT) 1 | 241.5 | 272.4 | 211.4 | 132.9 | 50.75 | 15.12 | 111.5 | 179.6 | 235.5 | 241.5 | 202 | 287 | 294 | 214 | 245 |
| Net income 1 | 191.8 | 217.5 | 184.4 | 105.8 | 37.03 | 11.75 | 106.2 | 143.9 | 188.4 | 193 | 172 | 229 | 235 | 166 | 220 |
| Net margin | 21.9% | 25.92% | 25.05% | 20.26% | 7.32% | 2.98% | 17.86% | 18.73% | 20.11% | 23.04% | 20.4% | 22.61% | 22.55% | 17.74% | 21.83% |
| EPS 2 | 1.030 | 1.170 | 0.9900 | 0.5700 | 0.2000 | 0.0600 | 0.5700 | 0.7800 | 1.010 | 1.040 | 0.9300 | 1.240 | 1.270 | 1.056 | 1.334 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 22-03-10 | 22-04-29 | 22-07-29 | 22-10-28 | 23-03-17 | 23-04-28 | 23-07-28 | 23-10-27 | 24-03-01 | 24-04-26 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1.83 | 285 | 530 | - | 25.8 | 433 | 919 | 1,326 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 502 | 756 | 711 | - | 504 | 562 | 1,053 | 1,446 |
| ROE (net income / shareholders' equity) | 19.2% | 18.6% | 27.7% | - | 14.6% | 25% | 28.3% | 30% |
| ROA (Net income/ Total Assets) | 12.4% | 12.3% | 18.7% | - | 10% | 17.6% | 20.8% | 23.6% |
| Assets 1 | 4,138 | 4,329 | 4,585 | - | 4,495 | 4,710 | 5,310 | 5,271 |
| Book Value Per Share 2 | 15.30 | 15.70 | 17.70 | - | 16.60 | 19.40 | 21.90 | 24.50 |
| Cash Flow per Share 2 | 3.750 | 4.570 | 6.340 | - | 3.090 | 5.230 | 7.220 | 8.270 |
| Capex 1 | 193 | 95.1 | 467 | - | 68.3 | 372 | 364 | 280 |
| Capex / Sales | 7.64% | 3.6% | 12.95% | - | 2.54% | 9.94% | 8.24% | 5.4% |
| Announcement Date | 20-03-19 | 21-03-19 | 22-03-10 | 23-03-17 | 24-03-01 | - | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.59% | 800M | |
| +13.79% | 56.81B | |
| -16.04% | 15.15B | |
| +11.99% | 10.96B | |
| +23.66% | 8.92B | |
| +3.69% | 8.64B | |
| +44.03% | 8.3B | |
| -8.26% | 8.3B | |
| -12.61% | 6.91B | |
| -16.00% | 6.7B |
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