Financials GEM Services, Inc.

Equities

6525

KYG3790U1040

Semiconductor Equipment & Testing

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
67.1 TWD -0.45% Intraday chart for GEM Services, Inc. +0.30% -1.90%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,318 8,711 8,801 12,001 8,801 8,827
Enterprise Value (EV) 1 6,454 6,750 6,955 10,441 6,895 7,132
P/E ratio 10.8 x 13.2 x 13 x 14.1 x 9.58 x 15.8 x
Yield 5.64% 5.19% 6.6% 5.91% 8.06% 5.12%
Capitalization / Revenue 2.44 x 2.52 x 2.35 x 2.52 x 1.69 x 2 x
EV / Revenue 1.89 x 1.95 x 1.85 x 2.2 x 1.32 x 1.61 x
EV / EBITDA 6.64 x 6.35 x 5.71 x 7.25 x 5.01 x 5.77 x
EV / FCF 33.7 x 14.3 x 20.3 x 106 x 11.1 x -1,647 x
FCF Yield 2.96% 6.98% 4.93% 0.94% 9.01% -0.06%
Price to Book 2.38 x 2.41 x 2.29 x 2.91 x 2.03 x 2.12 x
Nbr of stocks (in thousands) 129,047 129,047 129,047 129,047 129,047 129,047
Reference price 2 64.45 67.50 68.20 93.00 68.20 68.40
Announcement Date 3/21/19 3/27/20 3/19/21 3/23/22 3/23/23 3/14/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,412 3,463 3,750 4,756 5,221 4,419
EBITDA 1 971.5 1,063 1,218 1,441 1,376 1,236
EBIT 1 756.7 794.9 919.6 1,086 865.2 622.9
Operating Margin 22.18% 22.96% 24.52% 22.83% 16.57% 14.1%
Earnings before Tax (EBT) 1 957.2 839 859.9 1,053 1,135 714.5
Net income 1 774.4 665 684.7 858 930.3 566.1
Net margin 22.7% 19.2% 18.26% 18.04% 17.82% 12.81%
EPS 2 5.946 5.100 5.250 6.590 7.120 4.340
Free Cash Flow 1 191.2 471 342.8 98.29 621.5 -4.329
FCF margin 5.6% 13.6% 9.14% 2.07% 11.9% -0.1%
FCF Conversion (EBITDA) 19.69% 44.31% 28.14% 6.82% 45.15% -
FCF Conversion (Net income) 24.7% 70.83% 50.07% 11.46% 66.81% -
Dividend per Share 2 3.636 3.500 4.500 5.500 5.500 3.500
Announcement Date 3/21/19 3/27/20 3/19/21 3/23/22 3/23/23 3/14/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,864 1,961 1,846 1,560 1,906 1,695
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 191 471 343 98.3 622 -4.33
ROE (net income / shareholders' equity) 23.7% 18.7% 18.4% 21.5% 22% 13.3%
ROA (Net income/ Total Assets) 11% 10.6% 11.7% 11.5% 7.96% 5.95%
Assets 1 7,067 6,267 5,874 7,478 11,692 9,509
Book Value Per Share 2 27.10 28.00 29.80 32.00 33.70 32.20
Cash Flow per Share 2 14.40 15.60 14.50 12.80 15.30 13.40
Capex 1 592 328 574 1,179 857 573
Capex / Sales 17.34% 9.46% 15.31% 24.78% 16.41% 12.97%
Announcement Date 3/21/19 3/27/20 3/19/21 3/23/22 3/23/23 3/14/24
1TWD in Million2TWD
Estimates
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