Financials Hana Microelectronics

Equities

HANA

TH0324B10Z01

Semiconductors

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
39.25 THB -0.63% Intraday chart for Hana Microelectronics +9.03% -26.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 27,768 31,994 71,232 41,451 47,146 34,751 - -
Enterprise Value (EV) 1 18,751 26,594 65,233 37,817 47,146 27,528 27,241 27,493
P/E ratio 15.4 x 16.8 x 46.1 x 19.7 x 24.9 x 16.7 x 14.1 x 12.3 x
Yield 4.78% 3.52% 2.26% 1.94% - 2.93% 3.44% 4.01%
Capitalization / Revenue 1.36 x 1.66 x 3 x 1.53 x 1.8 x 1.27 x 1.17 x 1.08 x
EV / Revenue 0.92 x 1.38 x 2.74 x 1.39 x 1.8 x 1.01 x 0.92 x 0.86 x
EV / EBITDA 8.53 x 8.83 x 20.6 x 9.26 x 13.4 x 7.08 x 6.3 x 5.67 x
EV / FCF 5.92 x 15.6 x -32.1 x -32.9 x - 17.5 x 25.6 x 13.6 x
FCF Yield 16.9% 6.41% -3.11% -3.04% - 5.72% 3.9% 7.35%
Price to Book 1.35 x 1.48 x 3.09 x 1.74 x - 1.14 x 1.1 x 1.06 x
Nbr of stocks (in thousands) 804,879 804,879 804,879 804,879 885,367 885,367 - -
Reference price 2 34.50 39.75 88.50 51.50 53.25 39.25 39.25 39.25
Announcement Date 2/24/20 2/25/21 2/25/22 2/27/23 2/27/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 20,384 19,283 23,780 27,167 26,152 27,340 29,625 32,088
EBITDA 1 2,198 3,013 3,165 4,085 3,531 3,889 4,323 4,853
EBIT 1 1,060 1,837 1,864 2,455 1,829 1,914 2,316 2,744
Operating Margin 5.2% 9.53% 7.84% 9.04% 6.99% 7% 7.82% 8.55%
Earnings before Tax (EBT) 1 1,913 1,968 1,598 2,209 1,846 2,129 2,533 2,889
Net income 1 1,805 1,908 1,545 2,102 1,761 2,031 2,414 2,757
Net margin 8.85% 9.89% 6.5% 7.74% 6.73% 7.43% 8.15% 8.59%
EPS 2 2.240 2.370 1.920 2.610 2.140 2.353 2.783 3.197
Free Cash Flow 1 3,168 1,705 -2,032 -1,150 - 1,575 1,063 2,021
FCF margin 15.54% 8.84% -8.54% -4.23% - 5.76% 3.59% 6.3%
FCF Conversion (EBITDA) 144.1% 56.59% - - - 40.48% 24.59% 41.64%
FCF Conversion (Net income) 175.55% 89.36% - - - 77.54% 44.04% 73.31%
Dividend per Share 2 1.650 1.400 2.000 1.000 - 1.151 1.350 1.575
Announcement Date 2/24/20 2/25/21 2/25/22 2/27/23 2/27/24 - - -
1THB in Million2THB
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 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 6,241 6,260 6,107 6,510 7,545 7,125 6,466 7,138 13,688 6,555 6,221 6,370 6,806 6,806 7,941 -
EBITDA 1 940.6 638.9 640.3 974.1 1,179 1,067 592.4 1,300 - 1,011 1,024 1,011 1,011 1,011 1,180 -
EBIT 1 600.6 311.1 281.6 597.6 759 598.1 171.4 873.7 1,130 582.1 2,453 398.7 558 558 651 -
Operating Margin 9.62% 4.97% 4.61% 9.18% 10.06% 8.39% 2.65% 12.24% 8.26% 8.88% 39.43% 6.26% 8.2% 8.2% 8.2% -
Earnings before Tax (EBT) 1 585.7 -45.16 379.7 259.9 462.9 1,107 278.2 668.2 - 755 144.5 434.6 551.2 551.2 643 -
Net income 1 563.8 -56.44 365 245 416.6 1,075 266.5 635.4 - 733.9 124.8 374.6 485.6 521.2 608.1 -
Net margin 9.03% -0.9% 5.98% 3.76% 5.52% 15.09% 4.12% 8.9% - 11.2% 2.01% 5.88% 7.13% 7.66% 7.66% -
EPS 2 0.7000 -0.0700 0.4500 0.3000 0.5200 1.330 0.3300 0.7900 - 0.9100 0.1100 0.4644 0.5887 0.5887 0.6868 -
Dividend per Share 2 - 1.000 1.000 1.000 - 0.5000 - - - - - 0.2500 0.2500 0.2500 0.2500 0.3750
Announcement Date 11/12/21 2/25/22 5/13/22 8/11/22 11/14/22 2/27/23 5/15/23 8/15/23 8/15/23 11/13/23 2/27/24 - - - - -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 9,018 5,400 5,999 3,634 - 7,222 7,510 7,258
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 3,168 1,705 -2,032 -1,150 - 1,575 1,063 2,021
ROE (net income / shareholders' equity) 8.67% 9% 10.1% 8.96% - 6.92% 7.89% 8.59%
ROA (Net income/ Total Assets) 7.25% 7.69% 8.49% 7.3% - 5.54% 6.44% 7.12%
Assets 1 24,897 24,800 18,208 28,778 - 36,632 37,472 38,731
Book Value Per Share 2 25.50 26.90 28.60 29.60 - 34.30 35.60 36.90
Cash Flow per Share 2 3.990 3.610 1.130 1.670 - 4.800 4.140 4.880
Capex 1 1,407 1,201 4,129 2,491 - 3,103 2,601 2,404
Capex / Sales 6.9% 6.23% 17.36% 9.17% - 11.35% 8.78% 7.49%
Announcement Date 2/24/20 2/25/21 2/25/22 2/27/23 2/27/24 - - -
1THB in Million2THB
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
39.25 THB
Average target price
44.39 THB
Spread / Average Target
+13.10%
Consensus
  1. Stock Market
  2. Equities
  3. HANA Stock
  4. Financials Hana Microelectronics