Financials CX Technology Corporation

Equities

2415

TW0002415007

Electronic Equipment & Parts

End-of-day quote Taiwan S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
29.55 TWD +0.17% Intraday chart for CX Technology Corporation +2.78% +1.55%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,000 1,504 2,168 3,456 1,836 2,619
Enterprise Value (EV) 1 3,493 2,900 3,628 7,669 4,484 5,914
P/E ratio 19.9 x 30.3 x 41.2 x 15.8 x 2,040 x -132 x
Yield 6% 2.66% 1.84% 1.97% 3.19% -
Capitalization / Revenue 0.91 x 0.69 x 1.1 x 1.41 x 0.78 x 1.16 x
EV / Revenue 1.59 x 1.32 x 1.85 x 3.13 x 1.91 x 2.61 x
EV / EBITDA 8.92 x 8.04 x 9.62 x 12.9 x 10.2 x 11.7 x
EV / FCF -5.56 x 6.83 x -70.6 x -2.6 x 2.73 x -27.1 x
FCF Yield -18% 14.6% -1.42% -38.5% 36.7% -3.69%
Price to Book 1.27 x 1.03 x 1.55 x 2.24 x 1.12 x 1.7 x
Nbr of stocks (in thousands) 90,000 90,000 90,000 90,000 90,000 90,000
Reference price 2 22.22 16.71 24.09 38.40 20.40 29.10
Announcement Date 3/22/19 3/23/20 3/16/21 3/14/22 3/19/23 3/17/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,197 2,189 1,965 2,447 2,346 2,264
EBITDA 1 391.7 360.9 377.1 594.3 439.1 506.9
EBIT 1 254.8 201.9 218.3 443.5 284.1 334.1
Operating Margin 11.59% 9.22% 11.11% 18.12% 12.11% 14.76%
Earnings before Tax (EBT) 1 159.6 114.2 121 428.2 56.68 20.12
Net income 1 100.5 49.95 52.66 218.3 1.214 -19.66
Net margin 4.58% 2.28% 2.68% 8.92% 0.05% -0.87%
EPS 2 1.117 0.5511 0.5852 2.426 0.0100 -0.2200
Free Cash Flow 1 -628.4 424.9 -51.37 -2,951 1,645 -218.5
FCF margin -28.6% 19.41% -2.61% -120.58% 70.11% -9.65%
FCF Conversion (EBITDA) - 117.73% - - 374.51% -
FCF Conversion (Net income) - 850.6% - - 135,471.16% -
Dividend per Share 2 1.333 0.4444 0.4444 0.7556 0.6500 -
Announcement Date 3/22/19 3/23/20 3/16/21 3/14/22 3/19/23 3/17/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,493 1,396 1,460 4,213 2,648 3,295
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.812 x 3.869 x 3.872 x 7.09 x 6.03 x 6.501 x
Free Cash Flow 1 -628 425 -51.4 -2,951 1,645 -219
ROE (net income / shareholders' equity) 6.22% 3.96% 4.25% 13.1% 1.43% 0.38%
ROA (Net income/ Total Assets) 3.38% 2.58% 2.58% 3.73% 2.03% 2.51%
Assets 1 2,972 1,939 2,045 5,856 59.71 -783.1
Book Value Per Share 2 17.50 16.20 15.50 17.10 18.30 17.10
Cash Flow per Share 2 4.950 8.360 5.100 5.840 13.90 5.030
Capex 1 266 151 111 147 102 51.7
Capex / Sales 12.1% 6.87% 5.65% 5.99% 4.34% 2.29%
Announcement Date 3/22/19 3/23/20 3/16/21 3/14/22 3/19/23 3/17/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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