NANYA TECHNOLOGY CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 64 TWD | -0.93% |
|
0.00% | -17.95% |
| Apr. 10 | Transcript : Nanya Technology Corporation, Q1 2024 Earnings Call, Apr 10, 2024 | |
| Apr. 10 | Nanya Technology Corporation 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 | 254,651 | 266,788 | 241,351 | 158,618 | 241,653 | 194,570 | - | - |
| Enterprise Value (EV) 1 | 210,602 | 215,062 | 160,651 | 85,025 | 182,841 | 142,828 | 133,149 | 126,205 |
| P/E ratio | 25.9 x | 34.7 x | 10.6 x | 10.8 x | -32.5 x | 95.8 x | 10.7 x | 6.94 x |
| Yield | 1.81% | 1.73% | 4.74% | 4.16% | - | 1.28% | 4.06% | 4.8% |
| Capitalization / Revenue | 4.92 x | 4.37 x | 2.82 x | 2.79 x | 8.08 x | 3.96 x | 2.75 x | 2.13 x |
| EV / Revenue | 4.07 x | 3.53 x | 1.88 x | 1.49 x | 6.12 x | 2.91 x | 1.88 x | 1.38 x |
| EV / EBITDA | 8.8 x | 9.22 x | 3.78 x | 3.24 x | 211 x | 9.12 x | 3.99 x | 2.91 x |
| EV / FCF | 17.4 x | 15.2 x | 4.89 x | 229 x | -9.45 x | -15.1 x | 13.1 x | 7.04 x |
| FCF Yield | 5.76% | 6.57% | 20.4% | 0.44% | -10.6% | -6.63% | 7.63% | 14.2% |
| Price to Book | 1.68 x | 1.74 x | 1.4 x | 0.88 x | 1.45 x | 1.16 x | 1.05 x | 0.94 x |
| Nbr of stocks (in thousands) | 3,053,365 | 3,073,594 | 3,090,285 | 3,098,008 | 3,098,121 | 3,098,251 | - | - |
| Reference price 2 | 83.40 | 86.80 | 78.10 | 51.20 | 78.00 | 64.00 | 64.00 | 64.00 |
| Announcement Date | 1/10/20 | 1/9/21 | 1/26/22 | 1/10/23 | 1/10/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 51,727 | 61,006 | 85,604 | 56,952 | 29,892 | 49,100 | 70,664 | 91,409 |
| EBITDA 1 | 23,935 | 23,336 | 42,480 | 26,250 | 865.4 | 15,661 | 33,346 | 43,357 |
| EBIT 1 | 9,517 | 8,435 | 27,186 | 11,003 | -14,460 | -1,583 | 16,662 | 28,100 |
| Operating Margin | 18.4% | 13.83% | 31.76% | 19.32% | -48.37% | -3.22% | 23.58% | 30.74% |
| Earnings before Tax (EBT) 1 | 11,224 | 8,974 | 27,766 | 16,873 | -10,705 | 974 | 19,975 | 33,207 |
| Net income 1 | 9,816 | 7,672 | 22,845 | 14,614 | -7,440 | 1,196 | 16,067 | 30,288 |
| Net margin | 18.98% | 12.58% | 26.69% | 25.66% | -24.89% | 2.44% | 22.74% | 33.13% |
| EPS 2 | 3.220 | 2.500 | 7.400 | 4.720 | -2.400 | 0.6680 | 5.966 | 9.227 |
| Free Cash Flow 1 | 12,127 | 14,136 | 32,847 | 370.6 | -19,340 | -9,465 | 10,161 | 17,924 |
| FCF margin | 23.44% | 23.17% | 38.37% | 0.65% | -64.7% | -19.28% | 14.38% | 19.61% |
| FCF Conversion (EBITDA) | 50.67% | 60.57% | 77.32% | 1.41% | - | - | 30.47% | 41.34% |
| FCF Conversion (Net income) | 123.54% | 184.25% | 143.78% | 2.54% | - | - | 63.24% | 59.18% |
| Dividend per Share 2 | 1.510 | 1.500 | 3.704 | 2.130 | - | 0.8174 | 2.596 | 3.072 |
| Announcement Date | 1/10/20 | 1/9/21 | 1/26/22 | 1/10/23 | 1/10/24 | - | - | - |
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 | 21,399 | 19,946 | 18,031 | 11,022 | 7,954 | 6,425 | 7,027 | 7,736 | 8,704 | 9,503 | 11,215 | 13,321 | 14,696 | 15,004 | 15,413 |
| EBITDA 1 | 11,850 | 10,105 | 9,210 | 4,717 | 2,218 | 873 | 663 | -475 | -196 | 1,156 | 3,021 | 5,031 | 6,509 | 7,124 | 8,423 |
| EBIT 1 | 8,023 | 6,262 | 5,364 | 920 | -1,544 | -2,885 | -3,185 | -4,340 | -4,050 | -2,918 | -1,296 | 762.3 | 1,972 | 2,496 | 3,074 |
| Operating Margin | 37.49% | 31.39% | 29.75% | 8.35% | -19.41% | -44.9% | -45.33% | -56.1% | -46.53% | -30.71% | -11.56% | 5.72% | 13.42% | 16.64% | 19.94% |
| Earnings before Tax (EBT) 1 | 8,123 | 8,028 | 7,104 | 3,162 | -1,423 | -2,112 | -1,921 | -3,142 | -3,530 | -1,543 | -796.3 | 876.7 | 1,190 | 1,499 | 1,834 |
| Net income 1 | 6,450 | 6,550 | 6,574 | 2,640 | -1,151 | -1,685 | -771 | -2,505 | -2,480 | -1,209 | -689.7 | 941 | 1,421 | 1,274 | 1,559 |
| Net margin | 30.14% | 32.84% | 36.46% | 23.95% | -14.47% | -26.23% | -10.97% | -32.38% | -28.49% | -12.72% | -6.15% | 7.06% | 9.67% | 8.49% | 10.12% |
| EPS 2 | 2.080 | 2.110 | 2.120 | 0.8500 | -0.3700 | -0.5400 | -0.2500 | -0.8100 | -0.8000 | -0.3900 | -0.1501 | 0.3704 | 0.6905 | 1.132 | 1.551 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 0.000320 | - | - |
| Announcement Date | 1/26/22 | 4/11/22 | 7/11/22 | 10/11/22 | 1/10/23 | 4/11/23 | 7/10/23 | 10/11/23 | 1/10/24 | 4/10/24 | - | - | - | - | - |
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 | 44,049 | 51,726 | 80,700 | 73,593 | 58,812 | 51,742 | 61,421 | 68,365 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 12,127 | 14,136 | 32,847 | 371 | -19,340 | -9,465 | 10,161 | 17,924 |
| ROE (net income / shareholders' equity) | 6.2% | 5.02% | 14% | 8.26% | -4.28% | 1.33% | 9.56% | 13.5% |
| ROA (Net income/ Total Assets) | 5.65% | 4.64% | 12.8% | 7.43% | -3.77% | 0.98% | 8.13% | 11.5% |
| Assets 1 | 173,691 | 165,366 | 178,527 | 196,761 | 197,291 | 122,463 | 197,545 | 263,372 |
| Book Value Per Share 2 | 49.80 | 50.00 | 55.90 | 58.40 | 53.90 | 55.00 | 60.90 | 67.80 |
| Cash Flow per Share 2 | 12.00 | 7.270 | 14.50 | 9.850 | 3.930 | 8.590 | 9.980 | 9.970 |
| Capex 1 | 5,496 | 8,500 | 11,260 | 20,711 | 13,200 | 25,988 | 20,702 | 18,800 |
| Capex / Sales | 10.63% | 13.93% | 13.15% | 36.37% | 44.16% | 52.93% | 29.3% | 20.57% |
| Announcement Date | 1/10/20 | 1/9/21 | 1/26/22 | 1/10/23 | 1/10/24 | - | - | - |
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
BUY
Number of Analysts
13
Last Close Price
64
TWD
Average target price
84.54
TWD
Spread / Average Target
+32.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -17.95% | 6.17B | |
| +90.51% | 2,321B | |
| +41.82% | 678B | |
| +26.53% | 654B | |
| +10.35% | 263B | |
| +33.60% | 216B | |
| +14.40% | 178B | |
| +49.85% | 142B | |
| -36.24% | 136B | |
| +52.00% | 119B |
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