Financials Aten International Co., Ltd

Equities

6277

TW0006277007

Computer Hardware

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
80.9 TWD +0.25% Intraday chart for Aten International Co., Ltd +1.38% +0.75%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 10,334 10,107 9,761 9,259 9,594 9,665 -
Enterprise Value (EV) 1 8,885 11,972 8,128 9,259 9,594 9,665 9,665
P/E ratio 14.3 x 6.88 x 15.6 x 12.7 x 17 x 14.3 x 11.1 x
Yield 6.13% - 6.36% - - - -
Capitalization / Revenue 2.05 x 2.1 x 1.89 x 1.71 x 1.86 x 1.8 x 1.61 x
EV / Revenue 2.05 x 2.1 x 1.89 x 1.71 x 1.86 x 1.8 x 1.61 x
EV / EBITDA 11.2 x 13.1 x 10.1 x 8.66 x 9.44 x 8.34 x 7.16 x
EV / FCF 17 x 214 x 5.85 x - 11.5 x 20.3 x -
FCF Yield 5.89% 0.47% 17.1% - 8.7% 4.91% -
Price to Book 2.43 x 2.11 x 2.08 x 1.92 x 2.02 x 1.81 x -
Nbr of stocks (in thousands) 119,471 119,471 119,471 119,471 119,471 119,471 -
Reference price 2 86.50 84.60 81.70 77.50 80.30 80.90 80.90
Announcement Date 3/10/20 3/10/21 3/10/22 3/16/23 3/1/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 5,033 4,824 5,164 5,403 5,156 5,356 6,005
EBITDA 1 926.1 771.4 968.4 1,069 1,016 1,159 1,349
EBIT 1 776.3 608.4 805.4 850.7 788 867 1,104
Operating Margin 15.43% 12.61% 15.6% 15.74% 15.28% 16.19% 18.38%
Earnings before Tax (EBT) 1 897.7 1,693 868.2 891.2 753.1 854.3 1,094
Net income 1 723.1 1,499 637.3 729.5 565.5 676 869
Net margin 14.37% 31.08% 12.34% 13.5% 10.97% 12.62% 14.47%
EPS 2 6.050 12.30 5.250 6.110 4.730 5.657 7.270
Free Cash Flow 1 608.2 47.34 1,668 - 834.2 475 -
FCF margin 12.08% 0.98% 32.3% - 16.18% 8.87% -
FCF Conversion (EBITDA) 65.67% 6.14% 172.21% - 82.13% 40.98% -
FCF Conversion (Net income) 84.11% 3.16% 261.68% - 147.51% 70.27% -
Dividend per Share 5.300 - 5.200 - - - -
Announcement Date 3/10/20 3/10/21 3/10/22 3/16/23 3/1/24 - -
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 2025 Q1
Net sales 1 1,270 1,441 1,233 1,290 1,368 1,513 1,385 1,235 1,217 1,319 1,196 1,294 1,372 1,494 1,428
EBITDA - - - - - - - - - - - - - - -
EBIT 1 198.8 227.9 174.4 173.9 235.5 266.9 260.5 166.5 167.9 193.1 162 211 222.5 247 254
Operating Margin 15.65% 15.81% 14.15% 13.49% 17.22% 17.64% 18.81% 13.49% 13.79% 14.64% 13.54% 16.3% 16.22% 16.53% 17.79%
Earnings before Tax (EBT) 1 201 260.8 179.4 186.3 258.7 266.9 253.3 140.8 168.5 190.6 141 190 200.5 227.5 249
Net income 1 143.9 191.7 135.6 162.1 203.9 227.9 190.5 112.8 123.7 138.5 122.5 169 165.5 206 187
Net margin 11.33% 13.31% 11% 12.57% 14.91% 15.06% 13.76% 9.14% 10.17% 10.5% 10.24% 13.06% 12.07% 13.79% 13.1%
EPS 2 1.190 1.570 1.120 1.360 1.710 1.910 1.590 0.9400 1.040 1.160 1.025 1.410 1.385 1.725 1.570
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/8/21 3/10/22 5/6/22 8/5/22 11/4/22 3/16/23 5/9/23 8/10/23 11/9/23 3/1/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - 1,865 - - - - -
Net Cash position 1,449 - 1,633 - - - -
Leverage (Debt/EBITDA) - 2.417 x - - - - -
Free Cash Flow 1 608 47.3 1,668 - 834 475 -
ROE (net income / shareholders' equity) 16.5% 33.2% 13.5% 15.3% 11.8% 14.8% 16.8%
ROA (Net income/ Total Assets) 10.6% 21.2% 8.62% 9.96% 7.83% 9.74% 11.1%
Assets 1 6,851 7,074 7,393 7,322 7,220 6,940 7,822
Book Value Per Share 2 35.50 40.10 39.20 40.40 39.70 44.60 -
Cash Flow per Share - - - - - - -
Capex 1 102 294 529 89.4 229 90 90
Capex / Sales 2.03% 6.09% 10.24% 1.66% 4.44% 1.68% 1.5%
Announcement Date 3/10/20 3/10/21 3/10/22 3/16/23 3/1/24 - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
80.9 TWD
Average target price
88.9 TWD
Spread / Average Target
+9.89%
Consensus
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