Financials Polaris Group

Equities

6550

KYG7171A1085

Biotechnology & Medical Research

End-of-day quote Taiwan S.E. 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
73.3 TWD -0.41% Intraday chart for Polaris Group +2.52% -3.04%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 14,968 8,616 12,275 11,197 48,245 65,793
Enterprise Value (EV) 1 15,382 9,305 9,941 9,669 42,690 58,795
P/E ratio -15.5 x -7.91 x -7.63 x -17 x -67.7 x -56.5 x
Yield - - - - - -
Capitalization / Revenue - - - 1,189,931,875 x 3,207,560,164 x 10,217,874,951 x
EV / Revenue - - - 1,027,567,156 x 2,838,252,273 x 9,131,045,630 x
EV / EBITDA -21.1 x -10.3 x -14.5 x -17.1 x -71.4 x -56.2 x
EV / FCF -44.2 x -25 x -22.3 x -25 x -54.4 x -137 x
FCF Yield -2.26% -3.99% -4.49% -4.01% -1.84% -0.73%
Price to Book 16 x 13.5 x 3.4 x 3.89 x 7.34 x 7.59 x
Nbr of stocks (in thousands) 246,631 285,756 652,901 652,901 654,612 741,746
Reference price 2 60.69 30.15 18.80 17.15 73.70 88.70
Announcement Date 4/30/18 4/22/19 4/20/20 4/19/21 3/3/22 5/26/23
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales - - - 9.41 15.04 6.439
EBITDA 1 -730 -903.2 -687.4 -564.7 -598 -1,046
EBIT 1 -843.7 -1,014 -795.2 -678.1 -731.9 -1,158
Operating Margin - - - -7,205.72% -4,866.15% -17,977.12%
Earnings before Tax (EBT) 1 -897.4 -1,032 -828.9 -660.2 -739.7 -1,145
Net income 1 -898.5 -1,032 -829.8 -660.2 -740.5 -1,150
Net margin - - - -7,016.2% -4,923.12% -17,866.64%
EPS 2 -3.922 -3.811 -2.464 -1.011 -1.089 -1.570
Free Cash Flow 1 -347.7 -371.5 -445.9 -387.3 -784.7 -428.4
FCF margin - - - -4,116.06% -5,216.78% -6,653.27%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/30/18 4/22/19 4/20/20 4/19/21 3/3/22 5/26/23
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2
Net sales 1 1.768
EBITDA -
EBIT 1 -278
Operating Margin -15,726.02%
Earnings before Tax (EBT) -
Net income -
Net margin -
EPS -
Dividend per Share -
Announcement Date 8/22/22
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 414 690 - - - -
Net Cash position 1 - - 2,333 1,528 5,555 6,998
Leverage (Debt/EBITDA) -0.5669 x -0.7638 x - - - -
Free Cash Flow 1 -348 -372 -446 -387 -785 -428
ROE (net income / shareholders' equity) -147% -125% -39% -20.3% -14.7% -14.5%
ROA (Net income/ Total Assets) -25.2% -30.2% -16.3% -11.3% -8.18% -8.49%
Assets 1 3,571 3,420 5,077 5,818 9,052 13,549
Book Value Per Share 2 3.800 2.240 5.530 4.410 10.00 11.70
Cash Flow per Share 2 2.230 1.370 4.000 0.2300 8.180 9.740
Capex 1 20.6 43.2 50.2 51 204 69.6
Capex / Sales - - - 542.44% 1,358.57% 1,081.43%
Announcement Date 4/30/18 4/22/19 4/20/20 4/19/21 3/3/22 5/26/23
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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