Financials Asia Optical Co., Inc.

Equities

3019

TW0003019006

Household Electronics

End-of-day quote Taiwan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
64.6 TWD +2.22% Intraday chart for Asia Optical Co., Inc. +4.19% -7.98%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 18,608 30,357 20,772 26,394 17,076 19,603
Enterprise Value (EV) 1 8,960 20,717 10,678 16,040 7,754 9,679
P/E ratio 17.2 x 31.9 x 52.9 x 17.8 x 18.7 x 25.5 x
Yield 3.47% 1.85% 1.35% 3.94% 3.14% 2.56%
Capitalization / Revenue 0.98 x 1.68 x 1.32 x 1.26 x 0.9 x 1.1 x
EV / Revenue 0.47 x 1.14 x 0.68 x 0.76 x 0.41 x 0.54 x
EV / EBITDA 3.68 x 10 x 7.02 x 6.2 x 4.17 x 6.6 x
EV / FCF 5.75 x 18.4 x 6.07 x 47.8 x 7.38 x 8.7 x
FCF Yield 17.4% 5.43% 16.5% 2.09% 13.6% 11.5%
Price to Book 1.58 x 2.58 x 1.85 x 2.17 x 1.36 x 1.56 x
Nbr of stocks (in thousands) 281,084 281,084 281,084 281,084 282,244 279,244
Reference price 2 66.20 108.0 73.90 93.90 60.50 70.20
Announcement Date 3/25/19 3/30/20 3/22/21 3/28/22 3/8/23 3/12/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 19,083 18,118 15,760 20,977 19,077 17,830
EBITDA 1 2,436 2,071 1,521 2,588 1,860 1,468
EBIT 1 1,596 1,381 893.9 2,045 1,336 913.6
Operating Margin 8.36% 7.62% 5.67% 9.75% 7% 5.12%
Earnings before Tax (EBT) 1 1,868 1,653 813.4 2,087 1,717 1,320
Net income 1 1,093 958.8 396.9 1,501 924.4 777
Net margin 5.73% 5.29% 2.52% 7.15% 4.85% 4.36%
EPS 2 3.850 3.387 1.398 5.277 3.239 2.750
Free Cash Flow 1 1,557 1,125 1,758 335.4 1,051 1,113
FCF margin 8.16% 6.21% 11.15% 1.6% 5.51% 6.24%
FCF Conversion (EBITDA) 63.93% 54.33% 115.59% 12.96% 56.52% 75.81%
FCF Conversion (Net income) 142.54% 117.37% 442.97% 22.35% 113.7% 143.19%
Dividend per Share 2 2.300 2.000 1.000 3.700 1.900 1.800
Announcement Date 3/25/19 3/30/20 3/22/21 3/28/22 3/8/23 3/12/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 9,648 9,640 10,094 10,353 9,322 9,924
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,557 1,125 1,758 335 1,051 1,113
ROE (net income / shareholders' equity) 9.61% 8.57% 3.98% 12.1% 8.8% 7.37%
ROA (Net income/ Total Assets) 4.83% 4.24% 2.8% 5.98% 3.88% 2.76%
Assets 1 22,598 22,634 14,190 25,118 23,836 28,142
Book Value Per Share 2 42.00 41.80 39.80 43.20 44.40 45.00
Cash Flow per Share 2 34.20 34.00 35.60 36.20 32.90 34.90
Capex 1 459 337 336 651 381 535
Capex / Sales 2.4% 1.86% 2.13% 3.1% 2% 3%
Announcement Date 3/25/19 3/30/20 3/22/21 3/28/22 3/8/23 3/12/24
1TWD in Million2TWD
Estimates
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