ASUSTEK COMPUTER INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 519 TWD | -0.19% |
|
+0.58% | +6.03% |
| May. 21 | What are AI PCs? | RE |
| May. 14 | ASUSTeK Computer Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 171,949 | 186,061 | 279,278 | 199,431 | 363,581 | 385,493 | - | - |
| Enterprise Value (EV) 1 | 93,011 | 114,674 | 220,217 | 178,961 | 300,755 | 336,318 | 326,983 | 319,019 |
| P/E ratio | 14.2 x | 7.09 x | 6.35 x | 13.6 x | 22.9 x | 15.4 x | 14.4 x | 12.8 x |
| Yield | 6.05% | 10.4% | 11.2% | 5.59% | 3.47% | 5.38% | 4.91% | 5.76% |
| Capitalization / Revenue | 0.49 x | 0.45 x | 0.52 x | 0.37 x | 0.75 x | 0.69 x | 0.61 x | 0.51 x |
| EV / Revenue | 0.26 x | 0.28 x | 0.41 x | 0.33 x | 0.62 x | 0.6 x | 0.52 x | 0.42 x |
| EV / EBITDA | 6.55 x | 4.04 x | 4.16 x | 11.5 x | 21.6 x | 12.7 x | 10.8 x | 9.15 x |
| EV / FCF | 3.35 x | -24.6 x | 7.22 x | -10.4 x | 5.97 x | -42.7 x | 77.5 x | - |
| FCF Yield | 29.9% | -4.06% | 13.9% | -9.64% | 16.8% | -2.34% | 1.29% | - |
| Price to Book | 0.97 x | 0.92 x | 1.2 x | 0.94 x | 1.52 x | 1.55 x | 1.51 x | 1.53 x |
| Nbr of stocks (in thousands) | 742,760 | 742,760 | 742,760 | 742,760 | 742,760 | 742,760 | - | - |
| Reference price 2 | 231.5 | 250.5 | 376.0 | 268.5 | 489.5 | 519.0 | 519.0 | 519.0 |
| Announcement Date | 3/17/20 | 3/17/21 | 3/16/22 | 3/12/23 | 3/15/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 351,330 | 412,780 | 535,239 | 537,192 | 482,314 | 560,517 | 630,680 | 758,159 |
| EBITDA 1 | 14,190 | 28,361 | 52,914 | 15,603 | 13,935 | 26,430 | 30,147 | 34,854 |
| EBIT 1 | 11,617 | 24,957 | 49,326 | 12,982 | 11,164 | 24,848 | 28,039 | 34,734 |
| Operating Margin | 3.31% | 6.05% | 9.22% | 2.42% | 2.31% | 4.43% | 4.45% | 4.58% |
| Earnings before Tax (EBT) 1 | 19,304 | 33,120 | 59,089 | 21,616 | 22,094 | 34,185 | 35,608 | 36,989 |
| Net income 1 | 12,139 | 26,558 | 44,550 | 14,691 | 15,928 | 24,918 | 26,286 | 27,855 |
| Net margin | 3.46% | 6.43% | 8.32% | 2.73% | 3.3% | 4.45% | 4.17% | 3.67% |
| EPS 2 | 16.25 | 35.35 | 59.21 | 19.78 | 21.36 | 33.71 | 36.04 | 40.57 |
| Free Cash Flow 1 | 27,799 | -4,659 | 30,513 | -17,245 | 50,399 | -7,878 | 4,220 | - |
| FCF margin | 7.91% | -1.13% | 5.7% | -3.21% | 10.45% | -1.41% | 0.67% | - |
| FCF Conversion (EBITDA) | 195.91% | - | 57.67% | - | 361.66% | - | 14% | - |
| FCF Conversion (Net income) | 229.02% | - | 68.49% | - | 316.41% | - | 16.05% | - |
| Dividend per Share 2 | 14.00 | 26.00 | 42.00 | 15.00 | 17.00 | 27.91 | 25.50 | 29.90 |
| Announcement Date | 3/17/20 | 3/17/21 | 3/16/22 | 3/12/23 | 3/15/24 | - | - | - |
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 | 151,904 | 138,423 | 126,922 | 144,771 | 127,076 | 111,398 | 115,704 | 135,052 | 120,161 | 121,697 | 129,330 | 153,766 | 155,198 | 148,164 | 153,410 |
| EBITDA 1 | 13,327 | 11,325 | 3,394 | - | -3,598 | -2,465 | 2,402 | 9,752 | 4,246 | 5,563 | 5,012 | 7,289 | 7,044 | 5,632 | 5,682 |
| EBIT 1 | 12,907 | 10,676 | 2,750 | 3,822 | -4,266 | -3,121 | 1,714 | 9,046 | 3,525 | 4,848 | 5,434 | 7,987 | 6,563 | 5,305 | 5,764 |
| Operating Margin | 8.5% | 7.71% | 2.17% | 2.64% | -3.36% | -2.8% | 1.48% | 6.7% | 2.93% | 3.98% | 4.2% | 5.19% | 4.23% | 3.58% | 3.76% |
| Earnings before Tax (EBT) 1 | 14,783 | 13,711 | 3,244 | 8,035 | -3,374 | -1,429 | 3,135 | 14,133 | 6,255 | 7,276 | 6,822 | 11,863 | 7,653 | 6,266 | 6,751 |
| Net income 1 | 12,058 | 10,430 | 1,896 | 6,189 | -3,823 | -1,682 | 2,586 | 11,097 | 3,927 | 5,447 | 4,890 | 9,045 | 5,709 | 5,379 | 5,111 |
| Net margin | 7.94% | 7.53% | 1.49% | 4.27% | -3.01% | -1.51% | 2.24% | 8.22% | 3.27% | 4.48% | 3.78% | 5.88% | 3.68% | 3.63% | 3.33% |
| EPS 2 | 15.98 | 13.87 | 2.550 | 8.270 | -5.150 | -2.260 | 3.480 | 14.89 | 5.280 | 7.300 | 6.583 | 12.18 | 7.687 | 7.476 | 7.412 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | 24.06 | - | - | - |
| Announcement Date | 3/16/22 | 5/11/22 | 8/11/22 | 11/11/22 | 3/12/23 | 5/12/23 | 8/11/23 | 11/13/23 | 3/15/24 | 5/14/24 | - | - | - | - | - |
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 | 78,938 | 71,388 | 59,061 | 20,470 | 62,826 | 49,175 | 58,510 | 66,474 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 27,799 | -4,659 | 30,513 | -17,245 | 50,399 | -7,878 | 4,220 | - |
| ROE (net income / shareholders' equity) | 7.18% | 14% | 20.5% | 6.61% | 7.04% | 9.95% | 10.4% | 11.8% |
| ROA (Net income/ Total Assets) | 3.5% | 7.1% | 9.89% | 3.01% | 3.35% | 5.14% | 5.31% | - |
| Assets 1 | 347,085 | 374,263 | 450,335 | 487,661 | 475,627 | 485,094 | 494,624 | - |
| Book Value Per Share 2 | 238.0 | 272.0 | 313.0 | 286.0 | 323.0 | 334.0 | 343.0 | 338.0 |
| Cash Flow per Share 2 | 47.30 | -2.790 | 43.30 | -21.00 | 69.80 | -2.420 | 10.10 | - |
| Capex 1 | 7,528 | 2,566 | 2,178 | 1,524 | 1,688 | 1,468 | 1,723 | 1,173 |
| Capex / Sales | 2.14% | 0.62% | 0.41% | 0.28% | 0.35% | 0.26% | 0.27% | 0.15% |
| Announcement Date | 3/17/20 | 3/17/21 | 3/16/22 | 3/12/23 | 3/15/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
519
TWD
Average target price
538.1
TWD
Spread / Average Target
+3.68%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.03% | 11.96B | |
| +109.39% | 114B | |
| +8.84% | 32.05B | |
| +8.42% | 23.93B | |
| +10.33% | 19.78B | |
| +8.24% | 17.56B | |
| +10.73% | 14.83B | |
| +21.04% | 11.12B | |
| +16.63% | 10.24B | |
| +21.42% | 8.76B |
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