Financials AViTA Corporation

Equities

4735

TW0004735006

Medical Equipment, Supplies & Distribution

End-of-day quote Taipei Exchange 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
35.4 TWD +0.28% Intraday chart for AViTA Corporation -0.56% -3.67%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,248 1,463 3,717 2,147 1,445 1,345
Enterprise Value (EV) 1 1,276 1,368 3,561 2,077 1,066 847.9
P/E ratio 13.5 x 12.4 x 6.96 x 6.81 x 14.3 x 31.5 x
Yield - - - 10.5% 5.09% 2.72%
Capitalization / Revenue 0.94 x 1.17 x 1.43 x 0.92 x 1.2 x 1.53 x
EV / Revenue 0.96 x 1.1 x 1.37 x 0.89 x 0.89 x 0.96 x
EV / EBITDA 8.14 x 6.64 x 5.09 x 4.6 x 6.12 x 11.7 x
EV / FCF 10.3 x 8.65 x 31.9 x 22.7 x 2.86 x 5.53 x
FCF Yield 9.7% 11.6% 3.13% 4.4% 35% 18.1%
Price to Book 2.87 x 2.83 x 4.09 x 2.27 x 1.59 x 1.51 x
Nbr of stocks (in thousands) 32,088 31,117 36,444 36,444 36,769 36,603
Reference price 2 38.90 47.00 102.0 58.90 39.30 36.75
Announcement Date 3/26/19 3/30/20 3/26/21 5/31/22 3/25/23 3/20/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,327 1,248 2,600 2,325 1,201 879.1
EBITDA 1 156.8 205.9 699.1 451.4 174.1 72.64
EBIT 1 130.2 176.8 664.4 390.5 116.5 14.9
Operating Margin 9.81% 14.17% 25.55% 16.8% 9.7% 1.69%
Earnings before Tax (EBT) 1 123.9 168.4 648.9 391.4 136.5 41.61
Net income 1 98.82 130.9 520.1 315.5 101.1 42.72
Net margin 7.45% 10.5% 20% 13.57% 8.42% 4.86%
EPS 2 2.873 3.776 14.66 8.647 2.750 1.167
Free Cash Flow 1 123.8 158.2 111.6 91.46 372.9 153.3
FCF margin 9.33% 12.68% 4.29% 3.93% 31.05% 17.44%
FCF Conversion (EBITDA) 78.92% 76.85% 15.96% 20.26% 214.16% 211.11%
FCF Conversion (Net income) 125.25% 120.83% 21.45% 28.99% 368.75% 358.98%
Dividend per Share - - - 6.200 2.000 1.000
Announcement Date 3/26/19 3/30/20 3/26/21 5/31/22 3/25/23 3/20/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 27.8 - - - - -
Net Cash position 1 - 94.6 156 69.7 379 497
Leverage (Debt/EBITDA) 0.1773 x - - - - -
Free Cash Flow 1 124 158 112 91.5 373 153
ROE (net income / shareholders' equity) 22.8% 27.6% 72.5% 33.9% 10.9% 4.75%
ROA (Net income/ Total Assets) 7.9% 10.4% 23.2% 11.5% 4.8% 0.72%
Assets 1 1,252 1,257 2,238 2,732 2,106 5,912
Book Value Per Share 2 13.50 16.60 25.00 25.90 24.80 24.30
Cash Flow per Share 2 8.430 8.810 14.50 7.970 10.70 11.60
Capex 1 31.9 44.4 197 71.4 63.6 29.9
Capex / Sales 2.4% 3.55% 7.56% 3.07% 5.3% 3.4%
Announcement Date 3/26/19 3/30/20 3/26/21 5/31/22 3/25/23 3/20/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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