Financials Apaq Technology Co., Ltd.

Equities

6449

TW0006449002

Electrical Components & Equipment

End-of-day quote Taiwan S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
124 TWD -5.34% Intraday chart for Apaq Technology Co., Ltd. +31.91% +78.42%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,592 3,369 4,733 5,399 3,663 6,113
Enterprise Value (EV) 1 3,059 3,715 5,052 5,769 3,929 6,283
P/E ratio 14 x 24.8 x 18.9 x 17.7 x 11 x 18.7 x
Yield 3.26% 2.51% 3.39% 3.29% 5.52% -
Capitalization / Revenue 1.27 x 1.68 x 1.98 x 1.91 x 1.47 x 2.08 x
EV / Revenue 1.5 x 1.85 x 2.12 x 2.04 x 1.58 x 2.14 x
EV / EBITDA 7.64 x 9.52 x 8.63 x 9.5 x 7.99 x 10.4 x
EV / FCF -7.66 x 22.2 x 47.7 x -46.4 x 38.4 x 29.2 x
FCF Yield -13.1% 4.51% 2.1% -2.16% 2.61% 3.43%
Price to Book 1.32 x 1.72 x 2.17 x 2.12 x 1.35 x 2.1 x
Nbr of stocks (in thousands) 84,442 84,442 84,525 88,954 87,954 87,954
Reference price 2 30.70 39.90 56.00 60.70 41.65 69.50
Announcement Date 3/28/19 3/30/20 3/15/21 2/24/22 2/24/23 2/29/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,043 2,003 2,385 2,822 2,489 2,935
EBITDA 1 400.5 390.1 585.4 607.1 491.6 603.8
EBIT 1 264 208.1 386.9 402.5 272 377.2
Operating Margin 12.92% 10.39% 16.22% 14.26% 10.93% 12.85%
Earnings before Tax (EBT) 1 253.8 192.2 345.4 402.2 445 421.8
Net income 1 182.3 139.1 261.6 306.4 338.4 328.4
Net margin 8.93% 6.94% 10.97% 10.85% 13.6% 11.19%
EPS 2 2.190 1.612 2.965 3.430 3.780 3.710
Free Cash Flow 1 -399.2 167.4 106 -124.3 102.4 215.3
FCF margin -19.54% 8.36% 4.44% -4.41% 4.12% 7.34%
FCF Conversion (EBITDA) - 42.92% 18.1% - 20.83% 35.66%
FCF Conversion (Net income) - 120.4% 40.51% - 30.26% 65.57%
Dividend per Share 2 1.000 1.000 1.900 2.000 2.300 -
Announcement Date 3/28/19 3/30/20 3/15/21 2/24/22 2/24/23 2/29/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3
Net sales 1 - 96.79 91.03 73.59 61.29
EBITDA - - - - -
EBIT 1 - 13.36 8.312 9.878 5.059
Operating Margin - 13.8% 9.13% 13.42% 8.25%
Earnings before Tax (EBT) - - - - -
Net income 11.28 - - - -
Net margin - - - - -
EPS 0.9500 - - - -
Dividend per Share - - - - -
Announcement Date 11/11/21 2/24/22 5/12/22 8/12/22 11/14/22
1AED in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 467 345 318 369 266 170
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.165 x 0.8853 x 0.544 x 0.6079 x 0.5413 x 0.2819 x
Free Cash Flow 1 -399 167 106 -124 102 215
ROE (net income / shareholders' equity) 10.6% 7.11% 12.6% 13% 12.8% 11.7%
ROA (Net income/ Total Assets) 4.95% 3.52% 6.29% 5.82% 3.57% 4.79%
Assets 1 3,681 3,954 4,160 5,261 9,476 6,853
Book Value Per Share 2 23.30 23.30 25.80 28.70 30.90 33.10
Cash Flow per Share 2 7.610 8.300 8.090 9.310 14.00 12.80
Capex 1 503 152 201 339 226 179
Capex / Sales 24.63% 7.59% 8.41% 11.99% 9.09% 6.1%
Announcement Date 3/28/19 3/30/20 3/15/21 2/24/22 2/24/23 2/29/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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