ELITE MATERIAL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 397 TWD | +3.79% |
|
+5.73% | +3.93% |
| Mar. 18 | Elite Material Co., Ltd.(TWSE:2383) added to FTSE All-World Index | CI |
| Mar. 01 | Elite Material Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 43,800 | 52,268 | 92,551 | 56,929 | 130,495 | 136,242 | - | - |
| Enterprise Value (EV) 1 | 40,552 | 48,262 | 89,851 | 56,003 | 131,212 | 132,109 | 129,159 | 131,138 |
| P/E ratio | 14.1 x | 14.2 x | 16.9 x | 11.5 x | 23.4 x | 15.7 x | 14 x | - |
| Yield | 2.77% | 4.46% | 3.6% | - | - | 3.57% | 4.18% | 5.42% |
| Capitalization / Revenue | 1.76 x | 1.92 x | 2.4 x | 1.47 x | 3.16 x | 2.55 x | 2.34 x | 1.92 x |
| EV / Revenue | 1.63 x | 1.77 x | 2.33 x | 1.45 x | 3.18 x | 2.48 x | 2.22 x | 1.85 x |
| EV / EBITDA | 8.87 x | 9.12 x | 11.8 x | 8 x | 15.2 x | 10.6 x | 9.18 x | 7.39 x |
| EV / FCF | 30.3 x | 20.8 x | 57.9 x | 55.7 x | -335 x | 50.1 x | 19.6 x | - |
| FCF Yield | 3.3% | 4.8% | 1.73% | 1.8% | -0.3% | 2% | 5.09% | - |
| Price to Book | 3.24 x | 3.12 x | 4.69 x | 2.58 x | 4.89 x | 4.34 x | 3.71 x | 3.17 x |
| Nbr of stocks (in thousands) | 319,708 | 332,918 | 332,918 | 332,918 | 341,611 | 343,179 | - | - |
| Reference price 2 | 137.0 | 157.0 | 278.0 | 171.0 | 382.0 | 397.0 | 397.0 | 397.0 |
| Announcement Date | 3/19/20 | 2/24/21 | 2/23/22 | 2/24/23 | 2/29/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24,866 | 27,201 | 38,500 | 38,673 | 41,296 | 53,351 | 58,262 | 70,993 |
| EBITDA 1 | 4,572 | 5,292 | 7,642 | 7,000 | 8,648 | 12,517 | 14,064 | 17,739 |
| EBIT 1 | 4,080 | 4,683 | 6,923 | 6,225 | 7,346 | 11,126 | 12,517 | 15,854 |
| Operating Margin | 16.41% | 17.22% | 17.98% | 16.1% | 17.79% | 20.85% | 21.48% | 22.33% |
| Earnings before Tax (EBT) 1 | 4,204 | 4,844 | 6,912 | 6,296 | 7,420 | 11,025 | 12,411 | - |
| Net income 1 | 3,241 | 3,689 | 5,493 | 5,073 | 5,488 | 8,603 | 9,661 | - |
| Net margin | 13.03% | 13.56% | 14.27% | 13.12% | 13.29% | 16.13% | 16.58% | - |
| EPS 2 | 9.730 | 11.07 | 16.46 | 14.86 | 16.35 | 25.34 | 28.37 | - |
| Free Cash Flow 1 | 1,338 | 2,318 | 1,551 | 1,005 | -391.2 | 2,639 | 6,579 | - |
| FCF margin | 5.38% | 8.52% | 4.03% | 2.6% | -0.95% | 4.95% | 11.29% | - |
| FCF Conversion (EBITDA) | 29.27% | 43.79% | 20.3% | 14.36% | - | 21.08% | 46.78% | - |
| FCF Conversion (Net income) | 41.29% | 62.82% | 28.24% | 19.82% | - | 30.68% | 68.1% | - |
| Dividend per Share 2 | 3.800 | 7.000 | 10.00 | - | - | 14.18 | 16.60 | 21.52 |
| Announcement Date | 3/19/20 | 2/24/21 | 2/23/22 | 2/24/23 | 2/29/24 | - | - | - |
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 | 10,776 | 10,162 | 9,918 | 9,983 | 9,883 | 8,888 | 7,359 | 9,180 | 11,875 | 12,882 | 12,432 | 12,918 | 13,910 | 13,666 | 13,347 |
| EBITDA 1 | 2,432 | 2,029 | - | 1,638 | 1,787 | 1,730 | 1,044 | 1,911 | 2,857 | 2,837 | 2,809 | 2,905 | 3,262 | 2,913 | - |
| EBIT 1 | 2,250 | 1,843 | 1,651 | 1,454 | 1,598 | 1,523 | 769.2 | 1,619 | 2,506 | 2,451 | 2,492 | 2,661 | 2,965 | 2,834 | 2,717 |
| Operating Margin | 20.87% | 18.14% | 16.65% | 14.56% | 16.17% | 17.13% | 10.45% | 17.64% | 21.11% | 19.03% | 20.05% | 20.6% | 21.32% | 20.74% | 20.36% |
| Earnings before Tax (EBT) 1 | 2,264 | 1,825 | 1,668 | 1,448 | 1,630 | 1,549 | 729 | 1,588 | 2,574 | 2,528 | 2,462 | 2,650 | 2,966 | 2,790 | 2,515 |
| Net income 1 | 1,791 | 1,490 | 1,324 | 1,083 | 1,307 | 1,359 | 479.7 | 1,000 | 2,022 | 1,986 | 1,929 | 2,007 | 2,315 | 2,211 | 1,937 |
| Net margin | 16.62% | 14.66% | 13.35% | 10.85% | 13.23% | 15.29% | 6.52% | 10.9% | 17.03% | 15.42% | 15.51% | 15.54% | 16.65% | 16.18% | 14.51% |
| EPS 2 | 5.370 | 4.460 | 3.970 | 3.220 | 3.810 | 3.890 | 1.390 | 2.860 | 5.790 | 5.850 | 5.726 | 5.997 | 6.875 | 6.673 | 6.171 |
| Dividend per Share | 7.000 | 3.000 | - | - | 10.00 | - | - | - | 8.453 | - | - | - | - | - | - |
| Announcement Date | 10/27/21 | 2/23/22 | 4/27/22 | 7/27/22 | 10/28/22 | 2/24/23 | 5/2/23 | 7/26/23 | 10/26/23 | 2/29/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 716 | - | - | - |
| Net Cash position 1 | 3,248 | 4,006 | 2,700 | 926 | - | 4,133 | 7,083 | 5,104 |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.0828 x | - | - | - |
| Free Cash Flow 1 | 1,338 | 2,318 | 1,551 | 1,005 | -391 | 2,639 | 6,579 | - |
| ROE (net income / shareholders' equity) | 25.5% | 24.4% | 30.1% | 24.3% | 22.5% | 30.6% | 28.9% | 28.2% |
| ROA (Net income/ Total Assets) | 13.6% | 13.8% | 17.1% | 12.7% | 11.3% | 16.6% | 16.5% | 20.9% |
| Assets 1 | 23,833 | 26,781 | 32,211 | 39,974 | 48,405 | 51,740 | 58,664 | - |
| Book Value Per Share 2 | 42.30 | 50.30 | 59.30 | 66.30 | 78.10 | 91.50 | 107.0 | 125.0 |
| Cash Flow per Share 2 | 7.380 | 10.50 | 12.10 | 21.80 | 8.310 | 21.50 | 30.80 | - |
| Capex 1 | 1,128 | 1,200 | 2,470 | 6,493 | 3,281 | 4,124 | 3,132 | - |
| Capex / Sales | 4.54% | 4.41% | 6.42% | 16.79% | 7.94% | 7.73% | 5.38% | - |
| Announcement Date | 3/19/20 | 2/24/21 | 2/23/22 | 2/24/23 | 2/29/24 | - | - | - |
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
13
Last Close Price
397
TWD
Average target price
540.6
TWD
Spread / Average Target
+36.18%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.93% | 4.18B | |
| -0.99% | 49.04B | |
| -7.22% | 16.73B | |
| +16.63% | 11.25B | |
| +49.91% | 8.75B | |
| +3.69% | 8.53B | |
| +6.14% | 7.56B | |
| -17.23% | 7.51B | |
| -12.95% | 6.83B | |
| -14.19% | 6.74B |
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