Financials ELAN Microelectronics Corporation

Equities

2458

TW0002458007

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-06-02 pm EDT 5-day change 1st Jan Change
163.5 TWD +0.31% Intraday chart for ELAN Microelectronics Corporation -2.10% +0.62%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,580 38,908 47,286 24,474 46,245 46,798 - -
Enterprise Value (EV) 1 26,580 34,384 41,257 24,474 42,687 43,887 43,963 42,660
P/E ratio 10.8 x 12.2 x 9.64 x 11.6 x 21.8 x 17.2 x 15 x 10.2 x
Yield 7.13% 6.74% 7.94% - 3.1% 4.82% 5.71% 6.78%
Capitalization / Revenue 2.8 x 2.58 x 2.58 x 1.88 x 3.84 x 3.52 x 3.08 x 2.55 x
EV / Revenue 2.8 x 2.28 x 2.25 x 1.88 x 3.54 x 3.3 x 2.89 x 2.33 x
EV / EBITDA 12.1 x 7.8 x 6.97 x 7.87 x 15.3 x 13.4 x 10.9 x 8.11 x
EV / FCF 16.3 x 10.9 x 8.08 x - 12.2 x 27 x 25.5 x -
FCF Yield 6.13% 9.18% 12.4% - 8.22% 3.7% 3.92% -
Price to Book 3.47 x 4.3 x 4.58 x 2.75 x 5.24 x 4.84 x 4.42 x 3.97 x
Nbr of stocks (in thousands) 291,442 291,442 278,152 284,585 284,585 286,224 - -
Reference price 2 91.20 133.5 170.0 86.00 162.5 163.5 163.5 163.5
Announcement Date 3/25/20 2/17/21 2/25/22 2/23/23 2/29/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,488 15,100 18,328 13,030 12,059 13,307 15,192 18,332
EBITDA 1 2,205 4,408 5,923 3,111 2,797 3,266 4,027 5,258
EBIT 1 2,081 4,217 5,665 2,784 2,434 3,160 3,856 5,039
Operating Margin 21.94% 27.93% 30.91% 21.37% 20.19% 23.74% 25.38% 27.49%
Earnings before Tax (EBT) 1 2,810 3,894 6,061 2,703 2,473 3,405 3,696 -
Net income 1 2,497 3,246 5,102 2,152 2,144 2,790 3,053 -
Net margin 26.31% 21.5% 27.84% 16.51% 17.78% 20.97% 20.09% -
EPS 2 8.440 10.97 17.64 7.440 7.460 9.500 10.92 16.08
Free Cash Flow 1 1,628 3,155 5,109 - 3,508 1,624 1,723 -
FCF margin 17.16% 20.9% 27.88% - 29.09% 12.21% 11.34% -
FCF Conversion (EBITDA) 73.84% 71.57% 86.26% - 125.4% 49.75% 42.78% -
FCF Conversion (Net income) 65.21% 97.21% 100.13% - 163.65% 58.22% 56.44% -
Dividend per Share 2 6.500 9.000 13.50 - 5.040 7.877 9.333 11.08
Announcement Date 3/25/20 2/17/21 2/25/22 2/23/23 2/29/24 - - -
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 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,162 4,099 4,149 2,819 1,964 2,405 3,041 3,502 3,110 3,225 3,541 3,467 3,356 3,660
EBITDA 1 1,207 1,188 1,201 616 106.4 308.8 663.6 - - 802.1 964.4 957.2 894.4 1,074
EBIT 1 1,133 1,113 1,120 532.6 19.18 211.9 561.4 934.9 726.3 773.6 900.6 841.6 782.3 923.7
Operating Margin 27.23% 27.15% 26.99% 18.89% 0.98% 8.81% 18.46% 26.7% 23.35% 23.99% 25.43% 24.27% 23.31% 25.23%
Earnings before Tax (EBT) 1 1,390 1,013 1,068 623.4 -1.463 276 577.6 959.6 659.7 805.5 925 848.5 778 859
Net income 1 1,320 798.3 784 521.8 47.62 306.5 494.8 765.7 576.5 653.2 752 702 698 731
Net margin 31.72% 19.48% 18.9% 18.51% 2.42% 12.74% 16.27% 21.86% 18.54% 20.26% 21.24% 20.25% 20.8% 19.97%
EPS 2 4.850 2.760 2.740 1.810 0.1700 1.080 1.730 2.690 2.010 2.193 2.552 2.416 2.353 2.664
Dividend per Share 2 - - - - - - - - - 3.701 - 4.309 - 4.266
Announcement Date 2/25/22 5/5/22 8/12/22 11/3/22 2/23/23 5/11/23 8/8/23 11/9/23 2/29/24 - - - - -
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 - 4,524 6,029 - 3,558 2,910 2,835 4,137
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,628 3,155 5,109 - 3,508 1,625 1,723 -
ROE (net income / shareholders' equity) 34.9% 38.8% 51.6% - 24.2% 29.8% 31.2% 36.1%
ROA (Net income/ Total Assets) 23.7% 25.3% 32.5% - 15.7% 20.7% 19.2% -
Assets 1 10,525 12,850 15,693 - 13,672 13,459 15,937 -
Book Value Per Share 2 26.30 31.10 37.10 31.20 31.00 33.80 37.00 41.20
Cash Flow per Share 5.680 11.30 17.90 - - - - -
Capex 1 50.9 150 153 - 700 451 388 373
Capex / Sales 0.54% 0.99% 0.84% - 5.8% 3.39% 2.55% 2.03%
Announcement Date 3/25/20 2/17/21 2/25/22 2/23/23 2/29/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
163.5 TWD
Average target price
191 TWD
Spread / Average Target
+16.82%
Consensus
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