Financials Formosa Advanced Technologies Co., Ltd.

Equities

8131

TW0008131004

Semiconductor Equipment & Testing

End-of-day quote Taiwan S.E. 06:00:00 2024-05-27 pm EDT 5-day change 1st Jan Change
39.15 TWD +0.77% Intraday chart for Formosa Advanced Technologies Co., Ltd. +1.56% +0.38%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 14,063 16,495 16,716 17,291 16,937 17,247
Enterprise Value (EV) 1 10,359 14,115 13,076 12,047 10,494 11,326
P/E ratio 9.94 x 13.1 x 12 x 11.1 x 8.25 x 32.5 x
Yield 7.86% 5.9% 6.08% 6.39% 8.62% 2.31%
Capitalization / Revenue 1.6 x 1.74 x 1.72 x 1.74 x 1.62 x 2.25 x
EV / Revenue 1.18 x 1.49 x 1.35 x 1.21 x 1.01 x 1.48 x
EV / EBITDA 3.85 x 4.47 x 3.99 x 3.7 x 3.3 x 7.74 x
EV / FCF -6.61 x 34.4 x 6.68 x 5.47 x 5.38 x 14.7 x
FCF Yield -15.1% 2.9% 15% 18.3% 18.6% 6.78%
Price to Book 1.24 x 1.44 x 1.41 x 1.41 x 1.33 x 1.46 x
Nbr of stocks (in thousands) 442,222 442,222 442,222 442,222 442,222 442,222
Reference price 2 31.80 37.30 37.80 39.10 38.30 39.00
Announcement Date 3/28/19 3/27/20 3/2/21 2/24/22 2/22/23 2/23/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 8,786 9,458 9,707 9,939 10,433 7,649
EBITDA 1 2,690 3,157 3,280 3,260 3,177 1,463
EBIT 1 1,513 1,479 1,685 1,872 1,942 337.4
Operating Margin 17.22% 15.63% 17.36% 18.84% 18.61% 4.41%
Earnings before Tax (EBT) 1 1,751 1,602 1,703 1,924 2,527 623.3
Net income 1 1,420 1,262 1,403 1,557 2,055 530.2
Net margin 16.17% 13.35% 14.45% 15.67% 19.7% 6.93%
EPS 2 3.200 2.850 3.160 3.510 4.640 1.199
Free Cash Flow 1 -1,567 409.8 1,959 2,202 1,952 767.9
FCF margin -17.83% 4.33% 20.18% 22.16% 18.71% 10.04%
FCF Conversion (EBITDA) - 12.98% 59.71% 67.55% 61.43% 52.51%
FCF Conversion (Net income) - 32.46% 139.64% 141.45% 94.96% 144.83%
Dividend per Share 2 2.500 2.200 2.300 2.500 3.300 0.9000
Announcement Date 3/28/19 3/27/20 3/2/21 2/24/22 2/22/23 2/23/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,703 2,380 3,640 5,243 6,443 5,921
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -1,567 410 1,959 2,202 1,952 768
ROE (net income / shareholders' equity) 12.7% 11.1% 12.1% 12.9% 16.4% 4.33%
ROA (Net income/ Total Assets) 7.61% 7.12% 7.84% 8.41% 8.37% 1.5%
Assets 1 18,663 17,727 17,901 18,524 24,557 35,247
Book Value Per Share 2 25.70 25.80 26.70 27.80 28.70 26.70
Cash Flow per Share 2 2.870 2.170 4.540 8.130 11.70 10.30
Capex 1 3,258 1,586 753 400 594 706
Capex / Sales 37.09% 16.77% 7.75% 4.03% 5.69% 9.22%
Announcement Date 3/28/19 3/27/20 3/2/21 2/24/22 2/22/23 2/23/24
1TWD in Million2TWD
Estimates
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