WISTRON NEWEB CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 157 TWD | +0.64% |
|
+6.44% | +0.64% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 29,470 | 30,895 | 30,932 | 30,983 | 75,261 | 76,136 | - | - |
| Enterprise Value (EV) 1 | 30,524 | 29,664 | 36,405 | 30,983 | 79,361 | 83,336 | 82,769 | 84,034 |
| P/E ratio | 20.4 x | 20.9 x | 25.2 x | 10.6 x | 18.1 x | 16.4 x | 13.4 x | 11.1 x |
| Yield | 3.31% | 3.22% | 2.69% | - | - | 4.12% | 5.27% | 5.96% |
| Capitalization / Revenue | 0.47 x | 0.49 x | 0.46 x | 0.33 x | 0.71 x | 0.62 x | 0.57 x | 0.49 x |
| EV / Revenue | 0.49 x | 0.47 x | 0.54 x | 0.33 x | 0.74 x | 0.68 x | 0.62 x | 0.54 x |
| EV / EBITDA | 10 x | 9.71 x | 14.9 x | 6.16 x | 11.7 x | 10 x | 8.17 x | 7.43 x |
| EV / FCF | 11.5 x | 13.1 x | -6.08 x | - | 19.3 x | -3,623 x | - | - |
| FCF Yield | 8.73% | 7.63% | -16.4% | - | 5.18% | -0.03% | - | - |
| Price to Book | 1.81 x | 1.84 x | 1.82 x | - | 2.47 x | 2.25 x | 2.1 x | 1.94 x |
| Nbr of stocks (in thousands) | 390,329 | 397,624 | 396,559 | 395,185 | 482,444 | 484,944 | - | - |
| Reference price 2 | 75.50 | 77.70 | 78.00 | 78.40 | 156.0 | 157.0 | 157.0 | 157.0 |
| Announcement Date | 3/10/20 | 3/17/21 | 1/18/22 | 3/10/23 | 3/11/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 62,240 | 62,649 | 67,230 | 95,257 | 106,709 | 121,819 | 133,307 | 156,199 |
| EBITDA 1 | 3,041 | 3,055 | 2,439 | 5,028 | 6,756 | 8,305 | 10,127 | 11,304 |
| EBIT 1 | 1,595 | 1,472 | 880.7 | 3,238 | 4,671 | 5,537 | 7,234 | 8,523 |
| Operating Margin | 2.56% | 2.35% | 1.31% | 3.4% | 4.38% | 4.55% | 5.43% | 5.46% |
| Earnings before Tax (EBT) 1 | 1,884 | 1,726 | 1,412 | 3,760 | 4,801 | 5,771 | 7,263 | 8,524 |
| Net income 1 | 1,461 | 1,467 | 1,232 | 3,122 | 3,803 | 4,531 | 5,633 | 6,734 |
| Net margin | 2.35% | 2.34% | 1.83% | 3.28% | 3.56% | 3.72% | 4.23% | 4.31% |
| EPS 2 | 3.710 | 3.720 | 3.100 | 7.430 | 8.600 | 9.579 | 11.74 | 14.19 |
| Free Cash Flow 1 | 2,665 | 2,263 | -5,984 | - | 4,112 | -23 | - | - |
| FCF margin | 4.28% | 3.61% | -8.9% | - | 3.85% | -0.02% | - | - |
| FCF Conversion (EBITDA) | 87.62% | 74.06% | - | - | 60.87% | - | - | - |
| FCF Conversion (Net income) | 182.38% | 154.25% | - | - | 108.14% | - | - | - |
| Dividend per Share 2 | 2.500 | 2.501 | 2.100 | - | - | 6.473 | 8.269 | 9.363 |
| Announcement Date | 3/10/20 | 3/17/21 | 1/18/22 | 3/10/23 | 3/11/24 | - | - | - |
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 | 19,053 | 19,456 | 20,176 | 26,531 | 29,095 | 25,266 | 26,627 | 29,210 | 29,685 | 30,452 | 32,049 | 32,781 | 27,948 | 30,656 |
| EBITDA 1 | 584.6 | 669.5 | 1,052 | 1,658 | 1,649 | 1,312 | - | 2,037 | 1,872 | 2,109 | 2,366 | 2,572 | - | - |
| EBIT 1 | 195.2 | 238.6 | 609.9 | 1,213 | 1,176 | 826.1 | 1,044 | 1,496 | 1,305 | 1,362 | 1,640 | 1,688 | 1,284 | 1,731 |
| Operating Margin | 1.02% | 1.23% | 3.02% | 4.57% | 4.04% | 3.27% | 3.92% | 5.12% | 4.39% | 4.47% | 5.12% | 5.15% | 4.59% | 5.65% |
| Earnings before Tax (EBT) 1 | 398.7 | 358.9 | 686.5 | 1,490 | 1,225 | 719.2 | 1,206 | 1,784 | 1,092 | 1,379 | 1,712 | 1,710 | 1,310 | 1,738 |
| Net income 1 | 332.2 | 301.9 | 558.9 | 1,231 | 1,030 | 575.3 | 946.4 | 1,412 | 869.2 | 1,077 | 1,336 | 1,334 | 996 | 1,321 |
| Net margin | 1.74% | 1.55% | 2.77% | 4.64% | 3.54% | 2.28% | 3.55% | 4.83% | 2.93% | 3.54% | 4.17% | 4.07% | 3.56% | 4.31% |
| EPS 2 | 0.8400 | 0.7600 | 1.400 | 2.840 | 2.360 | 1.320 | 2.180 | 3.310 | 1.880 | 2.233 | 2.770 | 2.767 | 2.050 | 2.720 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/18/22 | 5/6/22 | 8/3/22 | 11/3/22 | 3/10/23 | 5/10/23 | 7/31/23 | 11/1/23 | 3/11/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,055 | - | 5,473 | - | 4,100 | 7,200 | 6,632 | 7,898 |
| Net Cash position 1 | - | 1,231 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3467 x | - | 2.244 x | - | 0.6069 x | 0.8669 x | 0.6549 x | 0.6986 x |
| Free Cash Flow 1 | 2,665 | 2,263 | -5,984 | - | 4,112 | -23 | - | - |
| ROE (net income / shareholders' equity) | 9.13% | 8.9% | 7.29% | - | 15% | 14.9% | 16.6% | 18.2% |
| ROA (Net income/ Total Assets) | 4.32% | 4.05% | 2.99% | - | 5.63% | 5.94% | 5.39% | - |
| Assets 1 | 33,800 | 36,185 | 41,218 | - | 67,546 | 76,284 | 104,505 | - |
| Book Value Per Share 2 | 41.60 | 42.20 | 42.90 | - | 63.20 | 69.70 | 74.80 | 80.70 |
| Cash Flow per Share 2 | 8.230 | 8.930 | 7.010 | - | 19.60 | 8.060 | 15.90 | 14.20 |
| Capex 1 | 1,937 | 1,299 | 2,418 | - | 3,032 | 3,312 | - | - |
| Capex / Sales | 3.11% | 2.07% | 3.6% | - | 2.84% | 2.72% | - | - |
| Announcement Date | 3/10/20 | 3/17/21 | 1/18/22 | 3/10/23 | 3/11/24 | - | - | - |
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
5
Last Close Price
157
TWD
Average target price
166.7
TWD
Spread / Average Target
+6.16%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.64% | 2.34B | |
| -12.16% | 852M | |
| +8.87% | 826M | |
| -16.67% | 714M | |
| +29.14% | 445M | |
| +4.51% | 443M | |
| -13.92% | 366M | |
| -9.82% | 199M | |
| -32.45% | 181M | |
| +5.44% | 175M |
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- Financials Wistron NeWeb Corporation