ASROCK INCORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 222.5 TWD | +0.23% |
|
-2.41% | -13.42% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,111 | 18,820 | 34,604 | 17,323 | 31,262 | 27,064 | - |
| Enterprise Value (EV) 1 | 9,111 | 15,433 | 31,204 | 14,021 | 28,215 | 23,665 | 23,929 |
| P/E ratio | 15.3 x | 13.9 x | 14.4 x | 16.4 x | 34.1 x | 18.9 x | 18 x |
| Yield | - | 5.13% | 4.62% | - | 2.68% | 3.91% | 4.18% |
| Capitalization / Revenue | 0.68 x | 1.05 x | 1.75 x | 1.01 x | 1.65 x | 1.23 x | 1.1 x |
| EV / Revenue | 0.68 x | 0.86 x | 1.58 x | 0.82 x | 1.49 x | 1.07 x | 0.97 x |
| EV / EBITDA | - | 7.97 x | 9.91 x | 10.6 x | 21.1 x | 13 x | 11.8 x |
| EV / FCF | 6.91 x | 11.7 x | 31.9 x | 13.3 x | 10.8 x | 20.4 x | 31.3 x |
| FCF Yield | 14.5% | 8.53% | 3.13% | 7.51% | 9.29% | 4.91% | 3.19% |
| Price to Book | 1.48 x | - | 4.18 x | 2.11 x | 3.85 x | 3.22 x | 3 x |
| Nbr of stocks (in thousands) | 120,679 | 120,642 | 122,925 | 121,993 | 121,641 | 121,636 | - |
| Reference price 2 | 75.50 | 156.0 | 281.5 | 142.0 | 257.0 | 222.5 | 222.5 |
| Announcement Date | 3/11/20 | 2/24/21 | 2/23/22 | 3/9/23 | 3/6/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,415 | 17,912 | 19,763 | 17,121 | 18,992 | 22,088 | 24,650 |
| EBITDA 1 | - | 1,936 | 3,150 | 1,320 | 1,338 | 1,826 | 2,021 |
| EBIT 1 | 766.8 | 1,858 | 3,058 | 1,185 | 1,147 | 1,874 | 1,938 |
| Operating Margin | 5.72% | 10.37% | 15.47% | 6.92% | 6.04% | 8.48% | 7.86% |
| Earnings before Tax (EBT) 1 | 784.9 | 1,856 | 3,060 | 1,431 | 1,218 | 1,991 | 2,062 |
| Net income 1 | 597.5 | 1,363 | 2,381 | 1,066 | 919 | 1,432 | 1,506 |
| Net margin | 4.45% | 7.61% | 12.05% | 6.23% | 4.84% | 6.48% | 6.11% |
| EPS 2 | 4.920 | 11.22 | 19.53 | 8.650 | 7.540 | 11.76 | 12.36 |
| Free Cash Flow 1 | 1,319 | 1,317 | 977.9 | 1,053 | 2,620 | 1,161 | 763.5 |
| FCF margin | 9.83% | 7.35% | 4.95% | 6.15% | 13.79% | 5.26% | 3.1% |
| FCF Conversion (EBITDA) | - | 68.03% | 31.04% | 79.81% | 195.75% | 63.56% | 37.78% |
| FCF Conversion (Net income) | 220.71% | 96.63% | 41.07% | 98.76% | 285.07% | 81.06% | 50.71% |
| Dividend per Share 2 | - | 8.000 | 13.00 | - | 6.900 | 8.695 | 9.290 |
| Announcement Date | 3/11/20 | 2/24/21 | 2/23/22 | 3/9/23 | 3/6/24 | - | - |
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 1 | 4,072 | 5,637 | 5,038 | 3,617 | 3,566 | 4,899 | 4,395 | 4,087 | 4,902 | 8,381 | 5,300 | 5,143 | 5,942 | 6,065 |
| EBITDA 1 | - | - | - | 239.7 | - | 282.9 | - | 191.3 | 331.3 | 450 | 532 | 488 | 581 | 594 |
| EBIT 1 | 517.8 | 861.1 | 685.8 | 208.5 | 50.44 | 240.3 | 150.9 | 144 | 283.4 | 401.1 | 439.8 | 396.2 | 504.8 | 534 |
| Operating Margin | 12.72% | 15.28% | 13.61% | 5.76% | 1.41% | 4.9% | 3.43% | 3.52% | 5.78% | 4.79% | 8.3% | 7.71% | 8.5% | 8.8% |
| Earnings before Tax (EBT) 1 | 531.8 | 860.3 | 784.9 | 311.2 | 246.8 | 87.84 | 158 | 213.3 | 374.8 | 471.8 | 489.3 | 428.7 | 521.7 | 554.3 |
| Net income 1 | 405.1 | 680.7 | 614.6 | 248.8 | 179.5 | 23.32 | 125.1 | 158 | 308.9 | 327.1 | 354 | 318.5 | 391.8 | 406.5 |
| Net margin | 9.95% | 12.08% | 12.2% | 6.88% | 5.03% | 0.48% | 2.85% | 3.87% | 6.3% | 3.9% | 6.68% | 6.19% | 6.59% | 6.7% |
| EPS 2 | 3.330 | 5.560 | 4.970 | 2.010 | 1.450 | 0.2500 | 1.020 | 1.290 | 2.530 | 2.690 | 2.902 | 2.612 | 3.210 | 3.335 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/23/22 | 4/27/22 | 8/5/22 | 11/2/22 | 3/9/23 | 5/1/23 | 8/3/23 | 11/2/23 | 3/6/24 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 3,387 | 3,399 | 3,302 | 3,046 | 3,399 | 3,135 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,319 | 1,317 | 978 | 1,053 | 2,620 | 1,161 | 764 |
| ROE (net income / shareholders' equity) | 9.71% | 20.8% | 31.4% | 13% | 11.3% | 16.2% | 17% |
| ROA (Net income/ Total Assets) | 6.09% | 12.4% | 17.2% | 6.95% | 6.31% | 8.75% | 9.5% |
| Assets 1 | 9,815 | 10,991 | 13,805 | 15,331 | 14,572 | 16,370 | 15,847 |
| Book Value Per Share 2 | 51.00 | - | 67.30 | 67.20 | 66.80 | 69.20 | 74.10 |
| Cash Flow per Share 2 | - | - | 8.400 | 9.250 | 21.60 | 9.280 | 6.160 |
| Capex 1 | 27.7 | 34.9 | 46.4 | 87.8 | 16.4 | 62.7 | 48.5 |
| Capex / Sales | 0.21% | 0.19% | 0.23% | 0.51% | 0.09% | 0.28% | 0.2% |
| Announcement Date | 3/11/20 | 2/24/21 | 2/23/22 | 3/9/23 | 3/6/24 | - | - |
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
222.5
TWD
Average target price
273.3
TWD
Spread / Average Target
+22.85%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.42% | 830M | |
| +27.40% | 12.46B | |
| +12.95% | 7.62B | |
| -24.18% | 4.64B | |
| -8.57% | 1.26B | |
| +24.98% | 227M | |
| +4.63% | 98.23M | |
| +17.75% | 81.16M | |
| +5.19% | 62.24M |
- Stock Market
- Equities
- 3515 Stock
- Financials ASROCK Incorporation
