GLOBALWAFERS CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 511 TWD | +0.79% |
|
-1.73% | -12.95% |
| Feb. 29 | GlobalWafers Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 01 | Siltronic meets own expectations - waiting for outlook for 2024 | DP |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 166,815 | 308,148 | 386,490 | 186,064 | 255,999 | 222,854 | - | - |
| Enterprise Value (EV) 1 | 142,983 | 295,579 | 371,985 | 154,897 | 241,898 | 254,862 | 244,351 | 243,910 |
| P/E ratio | 12.3 x | 23.6 x | 32.6 x | 12.4 x | 12.9 x | 13.6 x | 11.9 x | 11.2 x |
| Yield | 6.54% | 3.11% | 1.8% | 3.74% | - | 3.93% | 4.17% | 4.4% |
| Capitalization / Revenue | 2.87 x | 5.57 x | 6.32 x | 2.65 x | 3.62 x | 3.15 x | 2.71 x | 2.41 x |
| EV / Revenue | 2.46 x | 5.34 x | 6.09 x | 2.2 x | 3.42 x | 3.6 x | 2.97 x | 2.64 x |
| EV / EBITDA | 6.31 x | 14.2 x | 15.8 x | 4.99 x | 9.03 x | 8.4 x | 6.54 x | 5.22 x |
| EV / FCF | 14.6 x | 46.2 x | 15.6 x | 6.12 x | -13.3 x | -42.2 x | 30.3 x | - |
| FCF Yield | 6.84% | 2.16% | 6.39% | 16.3% | -7.52% | -2.37% | 3.3% | - |
| Price to Book | 3.69 x | 6.98 x | 8.47 x | 3.43 x | 3.85 x | 3.1 x | 2.74 x | 2.36 x |
| Nbr of stocks (in thousands) | 436,118 | 435,237 | 435,237 | 435,237 | 436,114 | 436,114 | - | - |
| Reference price 2 | 382.5 | 708.0 | 888.0 | 427.5 | 587.0 | 511.0 | 511.0 | 511.0 |
| Announcement Date | 3/17/20 | 3/17/21 | 3/15/22 | 3/16/23 | 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 | 58,094 | 55,359 | 61,131 | 70,287 | 70,652 | 70,824 | 82,280 | 92,304 |
| EBITDA 1 | 22,643 | 20,809 | 23,590 | 31,064 | 26,792 | 30,345 | 37,344 | 46,695 |
| EBIT 1 | 17,897 | 15,287 | 17,693 | 24,983 | 20,059 | 19,554 | 23,846 | 27,543 |
| Operating Margin | 30.81% | 27.61% | 28.94% | 35.54% | 28.39% | 27.61% | 28.98% | 29.84% |
| Earnings before Tax (EBT) 1 | 18,554 | 16,615 | 16,445 | 20,107 | 26,496 | 22,218 | 25,529 | 24,489 |
| Net income 1 | 13,644 | 13,104 | 11,870 | 15,367 | 19,772 | 16,503 | 18,961 | 21,661 |
| Net margin | 23.49% | 23.67% | 19.42% | 21.86% | 27.99% | 23.3% | 23.05% | 23.47% |
| EPS 2 | 31.21 | 30.03 | 27.27 | 34.36 | 45.41 | 37.46 | 42.76 | 45.64 |
| Free Cash Flow 1 | 9,786 | 6,396 | 23,775 | 25,324 | -18,192 | -6,044 | 8,074 | - |
| FCF margin | 16.84% | 11.55% | 38.89% | 36.03% | -25.75% | -8.53% | 9.81% | - |
| FCF Conversion (EBITDA) | 43.22% | 30.74% | 100.78% | 81.52% | - | - | 21.62% | - |
| FCF Conversion (Net income) | 71.72% | 48.81% | 200.3% | 164.79% | - | - | 42.58% | - |
| Dividend per Share 2 | 25.00 | 22.00 | 16.00 | 16.00 | - | 20.09 | 21.32 | 22.48 |
| Announcement Date | 3/17/20 | 3/17/21 | 3/15/22 | 3/16/23 | 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 | 15,364 | 15,752 | 16,307 | 17,540 | 18,053 | 18,388 | 18,616 | 17,896 | 17,376 | 16,763 | 16,136 | 16,836 | 18,639 | 19,759 | 19,180 |
| EBITDA 1 | 6,118 | 6,273 | 7,356 | - | 7,841 | 7,961 | 7,708 | 6,844 | 6,540 | 5,701 | 6,488 | 7,036 | 8,178 | 8,493 | 10,156 |
| EBIT 1 | 4,664 | 4,819 | 5,891 | 6,401 | 6,329 | 6,362 | 6,103 | 5,210 | 4,825 | 3,921 | 3,973 | 4,308 | 5,396 | 5,935 | 5,110 |
| Operating Margin | 30.35% | 30.59% | 36.13% | 36.49% | 35.06% | 34.6% | 32.78% | 29.11% | 27.77% | 23.39% | 24.62% | 25.59% | 28.95% | 30.04% | 26.64% |
| Earnings before Tax (EBT) 1 | 3,881 | 3,627 | 303.7 | 4,015 | 7,018 | 8,770 | 6,885 | 6,766 | 7,148 | 5,698 | 4,686 | 5,216 | 6,058 | 6,399 | 5,186 |
| Net income 1 | 3,105 | 2,120 | 1,746 | 2,716 | 5,111 | 5,794 | 5,000 | 4,789 | 5,539 | 4,443 | 3,441 | 3,824 | 4,546 | 4,753 | 3,890 |
| Net margin | 20.21% | 13.46% | 10.71% | 15.49% | 28.31% | 31.51% | 26.86% | 26.76% | 31.88% | 26.51% | 21.33% | 22.71% | 24.39% | 24.05% | 20.28% |
| EPS 2 | 6.910 | 5.990 | 4.010 | 6.240 | 10.31 | 12.51 | 10.69 | 10.71 | 12.73 | 10.19 | 7.865 | 8.692 | 10.31 | 10.77 | 8.823 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 13.41 | - | - |
| Announcement Date | 11/3/21 | 3/15/22 | 5/3/22 | 8/5/22 | 11/1/22 | 3/16/23 | 5/3/23 | 8/2/23 | 11/9/23 | 2/29/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 32,007 | 21,497 | 21,056 |
| Net Cash position 1 | 23,832 | 12,568 | 14,506 | 31,167 | 14,101 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 1.055 x | 0.5756 x | 0.4509 x |
| Free Cash Flow 1 | 9,786 | 6,396 | 23,775 | 25,324 | -18,192 | -6,044 | 8,074 | - |
| ROE (net income / shareholders' equity) | 30.9% | 29.4% | 26.4% | 30.7% | 32.7% | 23.2% | 24% | 23.2% |
| ROA (Net income/ Total Assets) | 14.6% | 13.7% | 9.67% | 9.6% | 11% | 8.22% | 8.51% | 9.5% |
| Assets 1 | 93,204 | 95,719 | 122,749 | 160,070 | 179,242 | 200,832 | 222,839 | 228,014 |
| Book Value Per Share 2 | 104.0 | 101.0 | 105.0 | 125.0 | 152.0 | 165.0 | 186.0 | 216.0 |
| Cash Flow per Share 2 | 39.80 | 33.40 | 67.30 | 81.10 | 41.10 | 56.90 | 64.80 | - |
| Capex 1 | 7,603 | 8,070 | 5,526 | 12,242 | 36,757 | 40,014 | 19,272 | 7,500 |
| Capex / Sales | 13.09% | 14.58% | 9.04% | 17.42% | 52.03% | 56.5% | 23.42% | 8.13% |
| Announcement Date | 3/17/20 | 3/17/21 | 3/15/22 | 3/16/23 | 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
OUTPERFORM
Number of Analysts
14
Last Close Price
511
TWD
Average target price
628.6
TWD
Spread / Average Target
+23.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.95% | 6.83B | |
| -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 | |
| -14.19% | 6.74B | |
| +29.74% | 6.52B |
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- Financials GlobalWafers Co., Ltd.
