Financials AP Memory Technology Corporation

Equities

6531

TW0006531007

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
380 TWD +1.88% Intraday chart for AP Memory Technology Corporation +10.14% -18.98%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 31,440 73,934 26,646 75,919 61,561 - -
Enterprise Value (EV) 1 31,440 71,506 18,461 67,352 51,658 50,484 49,421
P/E ratio -79.8 x 37.1 x 13.6 x 52.5 x 42.3 x 28.3 x -
Yield - 1.2% 4.24% 1.49% 1.56% 2.24% -
Capitalization / Revenue 8.86 x 11.2 x 5.23 x 18.4 x 11.8 x 8.85 x 6.73 x
EV / Revenue 8.86 x 10.8 x 3.62 x 16.4 x 9.89 x 7.26 x 5.41 x
EV / EBITDA - 29.3 x 11.7 x 69 x 37.3 x 22.7 x 16.2 x
EV / FCF - 30.8 x 11.9 x 33.1 x 26.9 x 23.4 x -
FCF Yield - 3.25% 8.39% 3.02% 3.72% 4.27% -
Price to Book - 15.5 x 2.43 x 6.76 x 3.47 x 3.09 x 2.07 x
Nbr of stocks (in thousands) 147,778 148,165 161,491 161,874 162,004 - -
Reference price 2 212.8 499.0 165.0 469.0 380.0 380.0 380.0
Announcement Date 3/14/21 2/25/22 3/13/23 3/3/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,549 6,617 5,095 4,115 5,224 6,955 9,141
EBITDA 1 - 2,443 1,575 976 1,385 2,228 3,047
EBIT 1 - 2,370 1,501 912.9 1,313 2,155 2,982
Operating Margin - 35.82% 29.45% 22.19% 25.12% 30.99% 32.63%
Earnings before Tax (EBT) 1 - 2,514 2,449 1,617 1,756 2,630 -
Net income 1 - 2,025 1,942 1,445 1,458 2,183 -
Net margin - 30.61% 38.11% 35.11% 27.9% 31.39% -
EPS 2 -2.665 13.45 12.09 8.930 8.979 13.45 -
Free Cash Flow 1 - 2,324 1,549 2,033 1,922 2,154 -
FCF margin - 35.12% 30.4% 49.4% 36.79% 30.97% -
FCF Conversion (EBITDA) - 95.11% 98.31% 208.28% 138.78% 96.7% -
FCF Conversion (Net income) - 114.73% 79.76% 140.68% 131.85% 98.66% -
Dividend per Share 2 - 6.000 7.000 7.000 5.921 8.509 -
Announcement Date 3/14/21 2/25/22 3/13/23 3/3/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales - - - - - - 727.2 - - - - - - -
EBITDA - - - - - - - - - - - - - -
EBIT - - - - - - 102.4 - - - - - - -
Operating Margin - - - - - - 14.08% - - - - - - -
Earnings before Tax (EBT) - - - - - - 121 - - - - - - -
Net income - - - - - - 62.45 - - - - - - -
Net margin - - - - - - 8.59% - - - - - - -
EPS 1 4.490 3.600 3.480 3.850 4.280 0.3800 0.3800 2.980 3.240 2.290 1.311 2.193 2.861 2.614
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/31/21 2/25/22 5/2/22 7/31/22 10/30/22 3/13/23 5/11/23 7/31/23 10/29/23 3/3/24 - - - -
1TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 2,428 8,185 8,567 9,904 11,077 12,140
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 2,324 1,549 2,033 1,922 2,154 -
ROE (net income / shareholders' equity) - 51.3% 24.7% 13% 15% 19.7% 25.8%
ROA (Net income/ Total Assets) - 39.5% 21.6% 11.9% 11% 14.6% -
Assets 1 - 5,131 8,985 12,102 13,274 14,938 -
Book Value Per Share 2 - 32.30 67.80 69.30 110.0 123.0 184.0
Cash Flow per Share - - - - - - -
Capex 1 - - 26 10.5 25 40 -
Capex / Sales - - 0.51% 0.26% 0.48% 0.58% -
Announcement Date 3/14/21 2/25/22 3/13/23 3/3/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
380 TWD
Average target price
603 TWD
Spread / Average Target
+58.68%
Consensus
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