CHROMA ATE INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 256.5 TWD | +4.06% |
|
+5.56% | +20.42% |
| Feb. 26 | Chroma ATE Inc. Announces Cash Dividends for the Year Ended December 31, 2023 | CI |
| Feb. 26 | Transcript : Chroma ATE Inc., Q4 2023 Earnings Call, Feb 26, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 60,520 | 70,441 | 83,987 | 76,706 | 90,250 | 108,682 | - | - |
| Enterprise Value (EV) 1 | 62,016 | 72,247 | 84,247 | 73,749 | 89,239 | 105,143 | 103,540 | 100,500 |
| P/E ratio | 32.8 x | 30.5 x | 20.2 x | 15.1 x | 22.7 x | 21.3 x | 18 x | 16.8 x |
| Yield | 2.07% | 2.68% | 3.5% | 4.42% | 3.1% | 2.98% | 3.51% | 4.33% |
| Capitalization / Revenue | 4.35 x | 4.54 x | 4.78 x | 3.48 x | 4.83 x | 5.03 x | 4.41 x | 4.05 x |
| EV / Revenue | 4.46 x | 4.65 x | 4.79 x | 3.34 x | 4.78 x | 4.87 x | 4.2 x | 3.75 x |
| EV / EBITDA | 21.8 x | 20.5 x | 23 x | 12.9 x | 16.5 x | 16.1 x | 13.5 x | 13 x |
| EV / FCF | 242 x | 67 x | 55.8 x | 16 x | 49.9 x | 25.5 x | 22 x | - |
| FCF Yield | 0.41% | 1.49% | 1.79% | 6.25% | 2% | 3.92% | 4.56% | - |
| Price to Book | 4.2 x | 4.39 x | 4.54 x | 3.59 x | 4.13 x | 4.61 x | 4.01 x | 3.27 x |
| Nbr of stocks (in thousands) | 417,381 | 419,289 | 419,936 | 423,792 | 423,710 | 423,710 | - | - |
| Reference price 2 | 145.0 | 168.0 | 200.0 | 181.0 | 213.0 | 256.5 | 256.5 | 256.5 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/23/22 | 2/27/23 | 2/26/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,910 | 15,532 | 17,584 | 22,067 | 18,676 | 21,609 | 24,644 | 26,821 |
| EBITDA 1 | 2,839 | 3,527 | 3,669 | 5,723 | 5,419 | 6,525 | 7,668 | 7,756 |
| EBIT 1 | 2,060 | 2,797 | 3,075 | 5,039 | 4,673 | 5,831 | 6,983 | 7,369 |
| Operating Margin | 14.81% | 18.01% | 17.49% | 22.84% | 25.02% | 26.98% | 28.34% | 27.47% |
| Earnings before Tax (EBT) 1 | 2,339 | 3,029 | 5,284 | 6,441 | 5,166 | 6,523 | 7,605 | 8,496 |
| Net income 1 | 1,854 | 2,324 | 4,179 | 5,106 | 3,979 | 5,157 | 6,017 | 6,783 |
| Net margin | 13.33% | 14.96% | 23.77% | 23.14% | 21.31% | 23.86% | 24.42% | 25.29% |
| EPS 2 | 4.420 | 5.510 | 9.890 | 12.00 | 9.370 | 12.03 | 14.25 | 15.26 |
| Free Cash Flow 1 | 256.2 | 1,078 | 1,508 | 4,607 | 1,788 | 4,126 | 4,717 | - |
| FCF margin | 1.84% | 6.94% | 8.58% | 20.88% | 9.57% | 19.1% | 19.14% | - |
| FCF Conversion (EBITDA) | 9.03% | 30.55% | 41.11% | 80.51% | 32.99% | 63.24% | 61.51% | - |
| FCF Conversion (Net income) | 13.82% | 46.37% | 36.09% | 90.24% | 44.93% | 80.02% | 78.39% | - |
| Dividend per Share 2 | 3.000 | 4.500 | 7.000 | 8.000 | 6.600 | 7.650 | 9.012 | 11.12 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/23/22 | 2/27/23 | 2/26/24 | - | - | - |
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 | 4,276 | 4,590 | 4,398 | 4,935 | 6,660 | 6,073 | 4,388 | 4,416 | 4,847 | 5,025 | 4,431 | 5,007 | 6,005 | 5,976 | 5,287 |
| EBITDA 1 | 1,177 | 911.1 | 1,002 | 1,536 | 1,955 | 1,229 | 1,361 | 1,391 | 1,418 | 1,249 | 1,005 | 1,222 | 2,276 | 2,113 | 1,548 |
| EBIT 1 | 864.9 | 731.2 | 837.5 | 1,366 | 1,781 | 1,054 | 1,187 | 1,214 | 1,238 | 1,034 | 1,008 | 1,308 | 1,769 | 1,663 | 1,367 |
| Operating Margin | 20.23% | 15.93% | 19.04% | 27.68% | 26.74% | 17.36% | 27.05% | 27.48% | 25.54% | 20.58% | 22.75% | 26.13% | 29.46% | 27.83% | 25.85% |
| Earnings before Tax (EBT) 1 | 1,013 | 893.9 | 1,004 | 2,062 | 2,256 | 1,119 | 1,246 | 1,358 | 1,545 | 1,018 | 1,306 | 1,543 | 1,768 | 1,825 | 1,514 |
| Net income 1 | 792.8 | 657.8 | 851.7 | 1,661 | 1,731 | 862.3 | 937 | 1,018 | 1,225 | 799 | 1,036 | 1,220 | 1,411 | 1,460 | 1,201 |
| Net margin | 18.54% | 14.33% | 19.37% | 33.66% | 25.99% | 14.2% | 21.35% | 23.06% | 25.27% | 15.9% | 23.38% | 24.38% | 23.5% | 24.44% | 22.72% |
| EPS 2 | 1.870 | 1.550 | 2.020 | 2.750 | 4.070 | 1.990 | 2.190 | 2.420 | 2.910 | 1.870 | 2.038 | 2.528 | 3.508 | 3.484 | 2.637 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 7.556 | - | - |
| Announcement Date | 10/28/21 | 2/23/22 | 4/28/22 | 7/28/22 | 10/31/22 | 2/27/23 | 4/27/23 | 8/10/23 | 10/31/23 | 2/26/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,496 | 1,807 | 260 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 2,958 | 1,011 | 3,539 | 5,142 | 8,181 |
| Leverage (Debt/EBITDA) | 0.527 x | 0.5122 x | 0.0709 x | - | - | - | - | - |
| Free Cash Flow 1 | 256 | 1,078 | 1,508 | 4,607 | 1,788 | 4,127 | 4,717 | - |
| ROE (net income / shareholders' equity) | 13% | 15.2% | 24.2% | 25% | 18% | 21.4% | 22.9% | 21% |
| ROA (Net income/ Total Assets) | 8% | 8.68% | 14.5% | 16% | 12% | 13.9% | 15.4% | - |
| Assets 1 | 23,175 | 26,774 | 28,837 | 31,911 | 33,158 | 37,072 | 39,183 | - |
| Book Value Per Share 2 | 34.60 | 38.30 | 44.10 | 50.40 | 51.60 | 55.70 | 63.90 | 78.50 |
| Cash Flow per Share 2 | 3.250 | 6.430 | 6.130 | 12.40 | 8.010 | 14.40 | 17.50 | 16.40 |
| Capex 1 | 1,108 | 1,634 | 1,083 | 689 | 1,621 | 1,170 | 1,188 | 1,000 |
| Capex / Sales | 7.97% | 10.52% | 6.16% | 3.12% | 8.68% | 5.41% | 4.82% | 3.73% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/23/22 | 2/27/23 | 2/26/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
256.5
TWD
Average target price
307.7
TWD
Spread / Average Target
+19.96%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.42% | 3.33B | |
| +65.17% | 6.59B | |
| -4.91% | 3.36B | |
| -11.91% | 2.1B | |
| -24.43% | 1.95B | |
| -1.56% | 1.77B | |
| -16.81% | 1.17B | |
| +6.59% | 1.02B | |
| -18.66% | 906M | |
| -23.52% | 857M |
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- Financials Chroma ATE Inc.
