Financials HannStar Display Corporation

Equities

6116

TW0006116007

Electronic Equipment & Parts

End-of-day quote Taiwan S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
10.15 TWD +0.50% Intraday chart for HannStar Display Corporation -0.49% -14.35%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 22,178 25,354 37,234 53,038 31,877 33,875
Enterprise Value (EV) 1 5,943 10,909 17,766 29,612 22,014 30,320
P/E ratio 22.7 x 32.4 x 10 x 6.73 x -12.9 x -7.25 x
Yield 4.26% - 4.07% 5.52% - -
Capitalization / Revenue 1.31 x 1.55 x 1.9 x 1.94 x 1.87 x 2.74 x
EV / Revenue 0.35 x 0.67 x 0.91 x 1.08 x 1.29 x 2.45 x
EV / EBITDA 2.09 x 5 x 4.22 x 3.22 x 25.8 x -13.2 x
EV / FCF -404 x -6.4 x 15.2 x 11.4 x -10 x -5.56 x
FCF Yield -0.25% -15.6% 6.56% 8.8% -9.98% -18%
Price to Book 0.54 x 0.62 x 0.84 x 1.05 x 0.68 x 0.82 x
Nbr of stocks (in thousands) 3,150,298 3,133,934 3,027,187 2,930,287 2,858,929 2,858,655
Reference price 2 7.040 8.090 12.30 18.10 11.15 11.85
Announcement Date 3/22/19 3/20/20 3/19/21 2/25/22 3/1/23 4/23/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 16,866 16,337 19,553 27,336 17,051 12,353
EBITDA 1 2,840 2,183 4,207 9,202 853.8 -2,302
EBIT 1 912.8 296.6 2,040 6,865 -1,597 -4,855
Operating Margin 5.41% 1.82% 10.43% 25.11% -9.36% -39.31%
Earnings before Tax (EBT) 1 1,455 782.9 3,869 8,637 -2,513 -4,700
Net income 1 1,024 794.5 3,848 8,289 -2,517 -4,672
Net margin 6.07% 4.86% 19.68% 30.32% -14.76% -37.82%
EPS 2 0.3100 0.2500 1.230 2.690 -0.8650 -1.634
Free Cash Flow 1 -14.71 -1,705 1,166 2,606 -2,197 -5,457
FCF margin -0.09% -10.44% 5.96% 9.53% -12.88% -44.17%
FCF Conversion (EBITDA) - - 27.72% 28.32% - -
FCF Conversion (Net income) - - 30.3% 31.43% - -
Dividend per Share 2 0.3000 - 0.5000 1.000 - -
Announcement Date 3/22/19 3/20/20 3/19/21 2/25/22 3/1/23 4/23/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q2 2023 Q3
Net sales 1 3,416 3,264
EBITDA - -
EBIT 1 -1,096 -1,096
Operating Margin -32.09% -33.59%
Earnings before Tax (EBT) 1 -723.7 -1,087
Net income 1 -730.1 -1,080
Net margin -21.38% -33.08%
EPS 2 -0.2600 -0.3800
Dividend per Share - -
Announcement Date 8/4/23 11/1/23
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 16,235 14,445 19,469 23,426 9,863 3,555
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -14.7 -1,705 1,166 2,606 -2,197 -5,457
ROE (net income / shareholders' equity) 2.44% 1.9% 8.97% 17.4% -5.13% -10.5%
ROA (Net income/ Total Assets) 1.16% 0.38% 2.55% 7.62% -1.7% -5.55%
Assets 1 88,398 206,848 150,809 108,820 148,013 84,172
Book Value Per Share 2 13.10 13.10 14.70 17.30 16.50 14.50
Cash Flow per Share 2 1.420 0.9300 1.370 1.670 1.860 1.030
Capex 1 3,709 2,363 3,170 4,234 3,249 4,741
Capex / Sales 21.99% 14.46% 16.21% 15.49% 19.06% 38.38%
Announcement Date 3/22/19 3/20/20 3/19/21 2/25/22 3/1/23 4/23/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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