Financials Cincon Electronics Co., Ltd.

Equities

3332

TW0003332003

Electrical Components & Equipment

End-of-day quote Taipei Exchange 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
43 TWD +0.12% Intraday chart for Cincon Electronics Co., Ltd. +0.35% -0.81%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,828 1,819 1,732 1,996 2,006 2,085
Enterprise Value (EV) 1 1,119 994 832.4 1,163 1,187 1,442
P/E ratio 13.9 x 20.4 x 14.2 x 18.9 x 9.16 x 14.6 x
Yield 5.79% 2.12% 2.78% 2.41% 6% 3.69%
Capitalization / Revenue 1.55 x 1.68 x 1.65 x 1.65 x 1.17 x 1.49 x
EV / Revenue 0.95 x 0.92 x 0.79 x 0.96 x 0.69 x 1.03 x
EV / EBITDA 6.62 x 8.27 x 6.83 x 9.55 x 4.27 x 8.17 x
EV / FCF 20.4 x 4.22 x 5.33 x -31.1 x -11 x -16.3 x
FCF Yield 4.91% 23.7% 18.8% -3.22% -9.09% -6.14%
Price to Book 1.34 x 1.38 x 1.27 x 1.44 x 1.22 x 1.26 x
Nbr of stocks (in thousands) 48,110 48,110 48,104 48,104 48,104 48,104
Reference price 2 38.00 37.80 36.00 41.50 41.70 43.35
Announcement Date 4/1/19 3/16/20 3/31/21 3/31/22 3/25/23 4/1/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,183 1,080 1,052 1,209 1,711 1,397
EBITDA 1 169 120.2 121.8 121.8 278.3 176.5
EBIT 1 150.1 102.1 100.9 99.09 251.1 146.1
Operating Margin 12.69% 9.45% 9.6% 8.2% 14.67% 10.46%
Earnings before Tax (EBT) 1 164.5 112.6 141.9 126.4 272 185.6
Net income 1 131.3 89.35 122.2 106 219.2 143.3
Net margin 11.1% 8.27% 11.62% 8.77% 12.81% 10.26%
EPS 2 2.730 1.857 2.540 2.200 4.550 2.970
Free Cash Flow 1 54.95 235.7 156.2 -37.41 -107.9 -88.5
FCF margin 4.65% 21.82% 14.85% -3.1% -6.31% -6.33%
FCF Conversion (EBITDA) 32.52% 196.17% 128.27% - - -
FCF Conversion (Net income) 41.85% 263.84% 127.84% - - -
Dividend per Share 2 2.200 0.8000 1.000 1.000 2.500 1.600
Announcement Date 4/1/19 3/16/20 3/31/21 3/31/22 3/25/23 4/1/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 709 825 899 833 819 643
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 55 236 156 -37.4 -108 -88.5
ROE (net income / shareholders' equity) 9.64% 6.66% 9.1% 7.71% 14.5% 8.69%
ROA (Net income/ Total Assets) 5.76% 4.09% 3.91% 3.4% 7.37% 4.1%
Assets 1 2,280 2,184 3,127 3,114 2,973 3,494
Book Value Per Share 2 28.30 27.50 28.30 28.80 34.20 34.40
Cash Flow per Share 2 14.70 17.20 19.60 17.80 20.70 15.50
Capex 1 14.9 8.69 26.3 42.3 211 217
Capex / Sales 1.26% 0.8% 2.5% 3.5% 12.36% 15.54%
Announcement Date 4/1/19 3/16/20 3/31/21 3/31/22 3/25/23 4/1/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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