Financials Co-Tech Development Corporation

Equities

8358

TW0008358003

Semiconductors

End-of-day quote Taipei Exchange 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
64.6 TWD +3.36% Intraday chart for Co-Tech Development Corporation +3.69% +6.60%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 13,463 19,475 12,629 15,307 16,317 -
Enterprise Value (EV) 1 13,463 17,013 11,555 14,810 16,119 16,108
P/E ratio 24.9 x 12.8 x 13.1 x 28.7 x 20.5 x 15.8 x
Yield - 5.45% 5% - 2.04% 3.17%
Capitalization / Revenue 2.23 x 2.18 x 1.7 x 2.48 x 2.31 x 1.82 x
EV / Revenue 2.23 x 1.91 x 1.56 x 2.4 x 2.28 x 1.79 x
EV / EBITDA - 8.07 x 8.72 x 18.2 x 14.8 x 11.5 x
EV / FCF - 19.3 x 50.3 x 593 x 58.6 x 30.4 x
FCF Yield - 5.17% 1.99% 0.17% 1.71% 3.29%
Price to Book - 3.16 x 2.08 x 2.56 x 2.54 x 2.35 x
Nbr of stocks (in thousands) 252,588 252,588 252,588 252,588 252,588 -
Reference price 2 53.30 77.10 50.00 60.60 64.60 64.60
Announcement Date 1/27/21 2/22/22 2/24/23 3/8/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 6,037 8,915 7,407 6,170 7,055 8,979
EBITDA 1 - 2,109 1,325 813.7 1,087 1,403
EBIT 1 - 1,908 1,153 690.6 950 1,245
Operating Margin - 21.4% 15.56% 11.19% 13.47% 13.87%
Earnings before Tax (EBT) 1 - 1,905 1,185 666.1 983 1,276
Net income 1 - 1,523 967.2 532.9 797 1,033
Net margin - 17.09% 13.06% 8.64% 11.3% 11.5%
EPS 2 2.140 6.020 3.830 2.110 3.150 4.090
Free Cash Flow 1 - 880.1 229.8 24.97 275 530
FCF margin - 9.87% 3.1% 0.4% 3.9% 5.9%
FCF Conversion (EBITDA) - 41.74% 17.33% 3.07% 25.3% 37.78%
FCF Conversion (Net income) - 57.78% 23.75% 4.69% 34.5% 51.31%
Dividend per Share 2 - 4.200 2.500 - 1.320 2.050
Announcement Date 1/27/21 2/22/22 2/24/23 3/8/24 - -
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 2,426 2,430 2,100 1,897 1,451 1,960 1,753 1,253 1,414 1,750 1,345 1,577 1,850 2,283
EBITDA - - - - - - - - - - - - - -
EBIT 1 544.2 583 463.9 369.5 103.4 216.1 230.8 106.7 110.2 242.9 142 199 277 332
Operating Margin 22.43% 23.99% 22.09% 19.48% 7.13% 11.03% 13.16% 8.52% 7.79% 13.88% 10.56% 12.62% 14.97% 14.54%
Earnings before Tax (EBT) 1 548.4 577.1 470.5 376.7 139.3 198.5 224.2 104.8 115.4 221.8 149 205 287 343
Net income 1 439.5 461.7 381.7 305.7 116.2 163.5 179.3 83.83 92.29 177.4 120 166 232 278
Net margin 18.12% 19% 18.18% 16.12% 8.01% 8.34% 10.23% 6.69% 6.53% 10.14% 8.92% 10.53% 12.54% 12.18%
EPS 2 1.740 1.820 1.510 1.210 0.4600 0.6500 0.7100 0.3300 0.3700 0.7000 0.4800 0.6600 0.9200 1.100
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/4/21 2/22/22 5/6/22 8/5/22 11/11/22 2/24/23 5/11/23 8/11/23 11/10/23 3/8/24 - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - -
Net Cash position 1 - 2,461 1,074 497 198 209
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - 880 230 25 275 530
ROE (net income / shareholders' equity) - 26.9% 15.8% 8.83% 12.4% 14.9%
ROA (Net income/ Total Assets) - 20.2% 12.1% 6.87% 10.3% 12.5%
Assets 1 - 7,553 7,992 7,761 7,738 8,264
Book Value Per Share 2 - 24.40 24.10 23.70 25.50 27.50
Cash Flow per Share - - - - - -
Capex 1 - - 814 656 600 600
Capex / Sales - - 10.98% 10.64% 8.5% 6.68%
Announcement Date 1/27/21 2/22/22 2/24/23 3/8/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
1
Last Close Price
64.6 TWD
Average target price
52.5 TWD
Spread / Average Target
-18.73%
Consensus
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  3. 8358 Stock
  4. Financials Co-Tech Development Corporation