Financials Elite Material Co., Ltd.

Equities

2383

TW0002383007

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-06-12 pm EDT 5-day change 1st Jan Change
451.5 TWD -0.22% Intraday chart for Elite Material Co., Ltd. +2.15% +18.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 43,800 52,268 92,551 56,929 130,495 155,442 - -
Enterprise Value (EV) 1 40,552 48,262 89,851 56,003 131,212 151,715 146,013 135,673
P/E ratio 14.1 x 14.2 x 16.9 x 11.5 x 23.4 x 16.6 x 15.2 x 13.5 x
Yield 2.77% 4.46% 3.6% - 2.62% 3.22% 3.92% 4.42%
Capitalization / Revenue 1.76 x 1.92 x 2.4 x 1.47 x 3.16 x 2.66 x 2.46 x 2.17 x
EV / Revenue 1.63 x 1.77 x 2.33 x 1.45 x 3.18 x 2.6 x 2.31 x 1.9 x
EV / EBITDA 8.87 x 9.12 x 11.8 x 8 x 15.2 x 11 x 9.44 x 7.74 x
EV / FCF 30.3 x 20.8 x 57.9 x 55.7 x -335 x 33.6 x 17.1 x 15.4 x
FCF Yield 3.3% 4.8% 1.73% 1.8% -0.3% 2.98% 5.84% 6.5%
Price to Book 3.24 x 3.12 x 4.69 x 2.58 x 4.89 x 4.86 x 4.13 x 3.43 x
Nbr of stocks (in thousands) 319,708 332,918 332,918 332,918 341,611 344,278 - -
Reference price 2 137.0 157.0 278.0 171.0 382.0 451.5 451.5 451.5
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 58,418 63,272 71,486
EBITDA 1 4,572 5,292 7,642 7,000 8,648 13,823 15,474 17,527
EBIT 1 4,080 4,683 6,923 6,225 7,346 11,999 13,350 15,549
Operating Margin 16.41% 17.22% 17.98% 16.1% 17.79% 20.54% 21.1% 21.75%
Earnings before Tax (EBT) 1 4,204 4,844 6,912 6,296 7,420 11,891 12,686 14,670
Net income 1 3,241 3,689 5,493 5,073 5,488 9,312 10,186 11,503
Net margin 13.03% 13.56% 14.27% 13.12% 13.29% 15.94% 16.1% 16.09%
EPS 2 9.730 11.07 16.46 14.86 16.35 27.28 29.74 33.54
Free Cash Flow 1 1,338 2,318 1,551 1,005 -391.2 4,515 8,532 8,817
FCF margin 5.38% 8.52% 4.03% 2.6% -0.95% 7.73% 13.49% 12.33%
FCF Conversion (EBITDA) 29.27% 43.79% 20.3% 14.36% - 32.66% 55.14% 50.3%
FCF Conversion (Net income) 41.29% 62.82% 28.24% 19.82% - 48.49% 83.77% 76.65%
Dividend per Share 2 3.800 7.000 10.00 - 10.00 14.56 17.69 19.98
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 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 2025 Q2
Net sales 1 10,162 9,918 9,983 9,883 8,888 7,359 9,180 11,875 12,882 12,902 14,262 15,405 15,120 14,825 15,213
EBITDA 1 2,029 - 1,638 1,787 1,730 1,044 1,911 2,857 2,837 2,939 3,305 3,814 3,699 - -
EBIT 1 1,843 1,651 1,454 1,598 1,523 769.2 1,619 2,506 2,451 2,536 2,893 3,311 3,146 2,990 3,093
Operating Margin 18.14% 16.65% 14.56% 16.17% 17.13% 10.45% 17.64% 21.11% 19.03% 19.65% 20.29% 21.49% 20.81% 20.17% 20.33%
Earnings before Tax (EBT) 1 1,825 1,668 1,448 1,630 1,549 729 1,588 2,574 2,528 2,614 2,969 3,279 3,145 2,840 3,073
Net income 1 1,490 1,324 1,083 1,307 1,359 479.7 1,000 2,022 1,986 1,978 2,307 2,581 2,477 2,225 2,409
Net margin 14.66% 13.35% 10.85% 13.23% 15.29% 6.52% 10.9% 17.03% 15.42% 15.33% 16.17% 16.75% 16.38% 15.01% 15.84%
EPS 2 4.460 3.970 3.220 3.810 3.890 1.390 2.860 5.790 5.850 5.690 6.730 7.532 7.227 6.695 7.330
Dividend per Share 2 3.000 - - 10.00 - - - 8.453 - - - 8.770 - - -
Announcement Date 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 4/30/24 - - - - -
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 - 3,726 9,428 19,768
Leverage (Debt/EBITDA) - - - - 0.0828 x - - -
Free Cash Flow 1 1,338 2,318 1,551 1,005 -391 4,515 8,533 8,817
ROE (net income / shareholders' equity) 25.5% 24.4% 30.1% 24.3% 22.5% 31.9% 29.9% 28.3%
ROA (Net income/ Total Assets) 13.6% 13.8% 17.1% 12.7% 11.3% 16.7% 16.6% 19%
Assets 1 23,833 26,781 32,211 39,974 48,405 55,891 61,446 60,523
Book Value Per Share 2 42.30 50.30 59.30 66.30 78.10 92.90 109.0 131.0
Cash Flow per Share 2 7.380 10.50 12.10 21.80 8.310 26.30 37.10 39.10
Capex 1 1,128 1,200 2,470 6,493 3,281 8,397 4,249 3,921
Capex / Sales 4.54% 4.41% 6.42% 16.79% 7.94% 14.37% 6.72% 5.48%
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
451.5 TWD
Average target price
557.3 TWD
Spread / Average Target
+23.44%
Consensus
  1. Stock Market
  2. Equities
  3. 2383 Stock
  4. Financials Elite Material Co., Ltd.