ARDENTEC CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 73.3 TWD | +1.38% |
|
-5.66% | -0.95% |
| Apr. 01 | Ardentec Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 29 | Ardentec Corporation Approves Cash Dividends for the Year 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 12,326 | 14,623 | 18,320 | 25,401 | 23,506 | 35,070 |
| Enterprise Value (EV) 1 | 13,921 | 17,551 | 22,280 | 30,997 | 29,777 | 42,674 |
| P/E ratio | 8.13 x | 13.4 x | 10.4 x | 10.4 x | 6.81 x | 13 x |
| Yield | 6.15% | 4.21% | 5.17% | 5.05% | 7.06% | 3.38% |
| Capitalization / Revenue | 1.46 x | 1.82 x | 1.89 x | 2.13 x | 1.62 x | 2.5 x |
| EV / Revenue | 1.65 x | 2.18 x | 2.3 x | 2.6 x | 2.05 x | 3.04 x |
| EV / EBITDA | 3.43 x | 4.51 x | 4.73 x | 5.29 x | 3.96 x | 6.04 x |
| EV / FCF | -24 x | 32.5 x | -48.2 x | -30.1 x | -101 x | 260 x |
| FCF Yield | -4.17% | 3.07% | -2.07% | -3.32% | -0.99% | 0.39% |
| Price to Book | 1.12 x | 1.29 x | 1.47 x | 1.88 x | 1.42 x | 1.99 x |
| Nbr of stocks (in thousands) | 474,075 | 474,009 | 474,002 | 457,670 | 473,920 | 473,920 |
| Reference price 2 | 26.00 | 30.85 | 38.65 | 55.50 | 49.60 | 74.00 |
| Announcement Date | 2/27/19 | 2/26/20 | 3/2/21 | 3/1/22 | 3/15/23 | 4/1/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 8,444 | 8,050 | 9,675 | 11,926 | 14,499 | 14,052 |
| EBITDA 1 | 4,057 | 3,890 | 4,706 | 5,859 | 7,519 | 7,071 |
| EBIT 1 | 1,838 | 1,574 | 2,230 | 3,065 | 4,353 | 3,405 |
| Operating Margin | 21.77% | 19.56% | 23.05% | 25.7% | 30.02% | 24.23% |
| Earnings before Tax (EBT) 1 | 1,981 | 1,491 | 2,249 | 3,184 | 4,368 | 3,379 |
| Net income 1 | 1,549 | 1,110 | 1,782 | 2,580 | 3,546 | 2,746 |
| Net margin | 18.34% | 13.78% | 18.42% | 21.64% | 24.45% | 19.54% |
| EPS 2 | 3.200 | 2.310 | 3.710 | 5.360 | 7.280 | 5.700 |
| Free Cash Flow 1 | -580.9 | 539.4 | -461.8 | -1,029 | -295.7 | 164.4 |
| FCF margin | -6.88% | 6.7% | -4.77% | -8.62% | -2.04% | 1.17% |
| FCF Conversion (EBITDA) | - | 13.87% | - | - | - | 2.33% |
| FCF Conversion (Net income) | - | 48.61% | - | - | - | 5.99% |
| Dividend per Share 2 | 1.600 | 1.300 | 2.000 | 2.800 | 3.500 | 2.500 |
| Announcement Date | 2/27/19 | 2/26/20 | 3/2/21 | 3/1/22 | 3/15/23 | 4/1/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,595 | 2,928 | 3,960 | 5,596 | 6,270 | 7,604 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3932 x | 0.7527 x | 0.8415 x | 0.9552 x | 0.8339 x | 1.075 x |
| Free Cash Flow 1 | -581 | 539 | -462 | -1,029 | -296 | 164 |
| ROE (net income / shareholders' equity) | 14.6% | 9.94% | 15% | 19.5% | 23.2% | 16.1% |
| ROA (Net income/ Total Assets) | 6.77% | 5.43% | 6.8% | 7.86% | 9.49% | 6.65% |
| Assets 1 | 22,877 | 20,434 | 26,224 | 32,824 | 37,371 | 41,302 |
| Book Value Per Share 2 | 23.20 | 23.90 | 26.30 | 29.60 | 34.90 | 37.20 |
| Cash Flow per Share 2 | 3.890 | 2.720 | 3.770 | 4.660 | 6.230 | 4.380 |
| Capex 1 | 3,793 | 2,677 | 4,765 | 6,037 | 6,139 | 5,395 |
| Capex / Sales | 44.93% | 33.26% | 49.25% | 50.62% | 42.34% | 38.39% |
| Announcement Date | 2/27/19 | 2/26/20 | 3/2/21 | 3/1/22 | 3/15/23 | 4/1/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -0.95% | 1.07B | |
| +18.58% | 92.81B | |
| +7.19% | 23.42B | |
| +6.94% | 19.82B | |
| -9.26% | 4.39B | |
| +12.84% | 3.59B | |
| -3.87% | 3.63B | |
| -22.74% | 2.54B | |
| -7.72% | 1.1B | |
| +13.80% | 1.04B |
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