Financials Global Unichip Corp.

Equities

3443

TW0003443008

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
1,360 TWD +3.03% Intraday chart for Global Unichip Corp. +17.75% -21.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,297 45,430 78,530 85,901 233,179 182,256 - -
Enterprise Value (EV) 1 29,755 41,533 72,943 80,052 225,541 172,004 170,912 169,263
P/E ratio 51.2 x 53.6 x 54 x 23.3 x 66.9 x 50.3 x 35.6 x 28.9 x
Yield 2.07% 1.47% 0.85% 2.18% 0.8% 1.15% 1.47% 1.94%
Capitalization / Revenue 3.02 x 3.35 x 5.2 x 3.57 x 8.89 x 6.38 x 4.9 x 4.16 x
EV / Revenue 2.78 x 3.06 x 4.83 x 3.33 x 8.6 x 6.02 x 4.59 x 3.87 x
EV / EBITDA 23 x 25.3 x 31.1 x 16.8 x 49.2 x 38.3 x 26.6 x 21.5 x
EV / FCF -77.8 x 13.3 x 17.6 x 62.8 x 51.2 x 47.6 x 45.1 x -
FCF Yield -1.28% 7.53% 5.67% 1.59% 1.95% 2.1% 2.22% -
Price to Book 7.4 x 10.1 x 14.9 x 10.7 x 24.2 x 16.4 x 13.1 x 10.1 x
Nbr of stocks (in thousands) 134,011 134,011 134,011 134,011 134,011 134,012 - -
Reference price 2 241.0 339.0 586.0 641.0 1,740 1,360 1,360 1,360
Announcement Date 2/5/20 1/27/21 1/26/22 2/2/23 1/31/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,710 13,569 15,108 24,040 26,241 28,554 37,231 43,785
EBITDA 1 1,295 1,642 2,345 4,751 4,584 4,490 6,420 7,883
EBIT 1 697.2 963.9 1,674 4,099 3,969 4,082 5,871 7,445
Operating Margin 6.51% 7.1% 11.08% 17.05% 15.12% 14.3% 15.77% 17%
Earnings before Tax (EBT) 1 783.1 1,002 1,741 4,345 4,155 4,207 6,140 -
Net income 1 633.5 850 1,460 3,710 3,508 3,592 5,172 -
Net margin 5.91% 6.26% 9.66% 15.43% 13.37% 12.58% 13.89% -
EPS 2 4.710 6.320 10.86 27.47 26.02 27.06 38.19 47.11
Free Cash Flow 1 -382.4 3,129 4,139 1,274 4,407 3,616 3,792 -
FCF margin -3.57% 23.06% 27.4% 5.3% 16.79% 12.66% 10.19% -
FCF Conversion (EBITDA) - 190.57% 176.47% 26.83% 96.14% 80.54% 59.07% -
FCF Conversion (Net income) - 368.06% 283.47% 34.35% 125.62% 100.65% 73.33% -
Dividend per Share 2 5.000 5.000 5.000 14.00 14.00 15.70 19.99 26.41
Announcement Date 2/5/20 1/27/21 1/26/22 2/2/23 1/31/24 - - -
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 4,910 4,514 5,381 6,062 8,083 6,529 6,587 6,810 6,315 5,690 6,542 7,574 8,561 8,107 8,668
EBITDA 1 - - - 1,313 1,650 1,254 1,181 1,256 984.5 858.7 999.9 1,213 1,316 1,357 1,378
EBIT 1 600.5 632.8 831.4 1,146 1,488 1,103 937.6 1,102 826.7 705.4 896.5 1,094 1,212 1,199 1,284
Operating Margin 12.23% 14.02% 15.45% 18.91% 18.41% 16.89% 14.23% 16.18% 13.09% 12.4% 13.7% 14.44% 14.16% 14.8% 14.81%
Earnings before Tax (EBT) 1 607 642.7 896.1 1,230 1,576 1,090 1,032 1,195 837.8 774.9 901.9 1,121 1,426 1,245 1,331
Net income 1 515 545.4 760.5 1,058 1,346 934.2 838.5 1,023 712 662.6 796.5 978.4 1,130 1,033 1,105
Net margin 10.49% 12.08% 14.13% 17.46% 16.66% 14.31% 12.73% 15.02% 11.28% 11.65% 12.17% 12.92% 13.2% 12.74% 12.75%
EPS 2 3.830 4.060 5.640 7.840 10.00 6.970 6.260 7.590 5.290 4.940 6.214 7.228 8.159 7.715 8.249
Dividend per Share 2 - - - - - - - - - - - 19.62 - - -
Announcement Date 1/26/22 4/28/22 7/28/22 10/27/22 2/2/23 4/27/23 7/27/23 10/26/23 1/31/24 4/25/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 2,542 3,897 5,587 5,849 7,638 10,253 11,344 12,993
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -382 3,129 4,139 1,274 4,407 3,616 3,792 -
ROE (net income / shareholders' equity) 14.6% 19.3% 30% 55.7% 39.5% 33.6% 38.9% 40.1%
ROA (Net income/ Total Assets) 7.7% 9.4% 11.9% 20.6% 16.6% 16.8% 19.7% 26%
Assets 1 8,225 9,043 12,302 18,023 21,131 21,433 26,206 -
Book Value Per Share 2 32.60 33.50 39.30 60.20 71.80 83.00 104.0 134.0
Cash Flow per Share 2 0.8000 24.50 31.50 11.80 33.60 20.70 40.10 55.20
Capex 1 490 161 91.8 320 102 231 329 423
Capex / Sales 4.58% 1.19% 0.61% 1.33% 0.39% 0.81% 0.88% 0.97%
Announcement Date 2/5/20 1/27/21 1/26/22 2/2/23 1/31/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
1,320 TWD
Average target price
1,471 TWD
Spread / Average Target
+11.42%
Consensus
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  4. Financials Global Unichip Corp.