Financials E Ink Holdings Inc.

Equities

8069

TW0008069006

Electronic Equipment & Parts

End-of-day quote Taipei Exchange 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
227.5 TWD +5.08% Intraday chart for E Ink Holdings Inc. +5.81% +15.48%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 35,449 51,954 172,201 183,605 224,660 259,895 - -
Enterprise Value (EV) 1 35,449 46,880 168,064 184,724 224,944 259,212 253,947 248,613
P/E ratio 11.5 x 14.4 x 33.4 x 18.7 x 28.8 x 26.1 x 19.5 x -
Yield 6.4% 5.9% 2.12% 2.8% 2.28% 2.16% 2.87% 4.63%
Capitalization / Revenue 2.61 x 3.38 x 8.76 x 6.11 x 8.28 x 7.98 x 6.12 x 4.02 x
EV / Revenue 2.61 x 3.05 x 8.55 x 6.15 x 8.29 x 7.96 x 5.98 x 3.84 x
EV / EBITDA 19.6 x 15.5 x 41.1 x 18.1 x 26 x 21.7 x 15.2 x 11 x
EV / FCF 13.7 x 11.1 x 58.8 x 63.1 x 27.5 x 50.5 x 23.5 x -
FCF Yield 7.32% 9% 1.7% 1.59% 3.64% 1.98% 4.25% -
Price to Book 1.22 x 1.7 x 4.89 x 4.2 x 4.6 x 4.95 x 4.3 x -
Nbr of stocks (in thousands) 1,134,363 1,134,363 1,140,405 1,140,405 1,140,405 1,142,394 - -
Reference price 2 31.25 45.80 151.0 161.0 197.0 227.5 227.5 227.5
Announcement Date 3/25/20 3/18/21 3/15/22 3/1/23 3/1/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 13,602 15,363 19,651 30,061 27,120 32,572 42,487 64,726
EBITDA 1 1,808 3,020 4,087 10,215 8,666 11,930 16,730 22,639
EBIT 1 559.8 1,847 3,023 9,199 7,285 10,109 14,170 20,442
Operating Margin 4.12% 12.02% 15.39% 30.6% 26.86% 31.04% 33.35% 31.58%
Earnings before Tax (EBT) 1 3,721 4,240 6,549 12,085 9,824 12,606 16,818 -
Net income 1 3,084 3,603 5,150 9,912 7,814 10,045 13,488 -
Net margin 22.67% 23.45% 26.21% 32.97% 28.81% 30.84% 31.75% -
EPS 2 2.710 3.170 4.520 8.600 6.850 8.730 11.68 -
Free Cash Flow 1 2,594 4,221 2,859 2,930 8,184 5,131 10,786 -
FCF margin 19.07% 27.48% 14.55% 9.75% 30.18% 15.75% 25.39% -
FCF Conversion (EBITDA) 143.48% 139.75% 69.94% 28.68% 94.43% 43.01% 64.47% -
FCF Conversion (Net income) 84.12% 117.17% 55.51% 29.56% 104.73% 51.08% 79.97% -
Dividend per Share 2 2.000 2.700 3.200 4.500 4.500 4.924 6.527 10.54
Announcement Date 3/25/20 3/18/21 3/15/22 3/1/23 3/1/24 - - -
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 4,397 6,768 5,961 7,452 8,104 8,543 7,230 7,236 6,821 5,833 6,044 7,190 8,902 10,154 8,388
EBITDA 1 789.4 1,486 1,651 2,216 3,481 2,867 2,122 2,365 - 1,898 2,187 2,511 3,546 4,334 -
EBIT 1 526.6 1,211 1,426 1,971 3,224 2,579 1,812 2,030 1,931 1,512 1,530 2,054 2,895 3,452 2,612
Operating Margin 11.98% 17.89% 23.92% 26.44% 39.78% 30.19% 25.07% 28.06% 28.3% 25.92% 25.31% 28.57% 32.53% 34% 31.14%
Earnings before Tax (EBT) 1 1,622 1,787 1,799 3,102 5,001 2,182 2,264 2,938 2,998 1,624 2,026 2,626 3,681 3,938 2,877
Net income 1 1,226 1,365 1,461 2,374 4,240 1,837 1,755 2,421 2,400 1,239 1,589 2,031 3,013 3,198 2,304
Net margin 27.89% 20.18% 24.51% 31.85% 52.32% 21.5% 24.28% 33.45% 35.18% 21.23% 26.28% 28.25% 33.85% 31.49% 27.47%
EPS 2 1.070 1.200 1.270 2.080 3.720 1.590 1.520 2.120 2.100 1.090 1.392 1.779 2.638 2.802 2.147
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/12/21 3/15/22 5/13/22 8/12/22 11/14/22 3/1/23 5/12/23 8/11/23 11/13/23 3/1/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 1,118 284 - - -
Net Cash position 1 - 5,074 4,137 - - 682 5,947 11,282
Leverage (Debt/EBITDA) - - - 0.1095 x 0.0328 x - - -
Free Cash Flow 1 2,594 4,221 2,859 2,930 8,184 5,131 10,786 -
ROE (net income / shareholders' equity) 10.8% 12.1% 15.7% 25.1% 16.9% 19.6% 22.9% -
ROA (Net income/ Total Assets) 7.85% 8.24% 10% 16.2% 11.2% 12.5% 15% -
Assets 1 39,267 43,711 51,405 61,068 69,791 80,470 89,881 -
Book Value Per Share 2 25.60 26.90 30.90 38.30 42.90 45.90 52.90 -
Cash Flow per Share 2 - 4.320 4.120 5.230 9.210 9.860 12.60 -
Capex 1 550 696 1,832 3,101 2,443 3,976 3,835 -
Capex / Sales 4.05% 4.53% 9.32% 10.32% 9.01% 12.21% 9.03% -
Announcement Date 3/25/20 3/18/21 3/15/22 3/1/23 3/1/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
227.5 TWD
Average target price
265.2 TWD
Spread / Average Target
+16.56%
Consensus
  1. Stock Market
  2. Equities
  3. 8069 Stock
  4. Financials E Ink Holdings Inc.