INNOLUX CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.05 TWD | +1.81% |
|
+3.69% | -1.75% |
| Apr. 22 | Innolux Trims Net Loss in Q1; Shares Drop 3% | MT |
| Apr. 19 | Innolux Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 80,227 | 135,798 | 206,969 | 104,599 | 128,595 | 127,425 | - |
| Enterprise Value (EV) 1 | 66,661 | 116,093 | 178,934 | 54,453 | 108,818 | 62,792 | 75,046 |
| P/E ratio | -4.71 x | 82.9 x | 3.54 x | -4 x | -7.11 x | 87.8 x | 32.5 x |
| Yield | - | - | - | - | - | 0.57% | 2.21% |
| Capitalization / Revenue | 0.32 x | 0.5 x | 0.59 x | 0.47 x | 0.61 x | 0.55 x | 0.51 x |
| EV / Revenue | 0.26 x | 0.43 x | 0.51 x | 0.24 x | 0.51 x | 0.27 x | 0.3 x |
| EV / EBITDA | 4.39 x | 3.11 x | 1.81 x | 68.7 x | 9.02 x | 2 x | 2.09 x |
| EV / FCF | -6.08 x | 67.1 x | 2.43 x | -2.36 x | -9.23 x | -76 x | 6.76 x |
| FCF Yield | -16.5% | 1.49% | 41.1% | -42.3% | -10.8% | -1.32% | 14.8% |
| Price to Book | 0.35 x | 0.59 x | 0.68 x | 0.42 x | 0.58 x | 0.56 x | 0.55 x |
| Nbr of stocks (in thousands) | 8,280,327 | 8,280,327 | 9,078,647 | 8,992,672 | 8,992,659 | 9,069,379 | - |
| Reference price 2 | 9.689 | 16.40 | 22.80 | 11.63 | 14.30 | 14.05 | 14.05 |
| Announcement Date | 2/13/20 | 2/4/21 | 2/11/22 | 2/14/23 | 2/22/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 251,971 | 269,911 | 350,077 | 223,716 | 211,741 | 233,295 | 248,738 |
| EBITDA 1 | 15,196 | 37,380 | 99,014 | 793 | 12,064 | 31,397 | 35,855 |
| EBIT | -19,900 | 1,812 | 62,713 | -31,665 | -18,709 | - | 4,063 |
| Operating Margin | -7.9% | 0.67% | 17.91% | -14.15% | -8.84% | - | 1.63% |
| Earnings before Tax (EBT) 1 | -16,525 | 2,557 | 62,411 | -26,222 | -16,363 | -2,330 | 13,306 |
| Net income 1 | -17,400 | 1,636 | 57,534 | -27,990 | -18,643 | -3,785 | 11,717 |
| Net margin | -6.91% | 0.61% | 16.43% | -12.51% | -8.8% | -1.62% | 4.71% |
| EPS 2 | -2.059 | 0.1977 | 6.432 | -2.905 | -2.010 | 0.1600 | 0.4317 |
| Free Cash Flow 1 | -10,969 | 1,731 | 73,613 | -23,031 | -11,796 | -826 | 11,096 |
| FCF margin | -4.35% | 0.64% | 21.03% | -10.29% | -5.57% | -0.35% | 4.46% |
| FCF Conversion (EBITDA) | - | 4.63% | 74.35% | - | - | - | 30.95% |
| FCF Conversion (Net income) | - | 105.79% | 127.95% | - | - | - | 94.7% |
| Dividend per Share 2 | - | - | - | - | - | 0.0800 | 0.3100 |
| Announcement Date | 2/13/20 | 2/4/21 | 2/11/22 | 2/14/23 | 2/22/24 | - | - |
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 | 93,100 | 79,917 | 69,886 | 57,900 | 48,000 | 47,913 | 45,595 | 55,087 | 57,654 | 53,404 | 50,492 | 61,417 | 66,921 | 64,003 | 58,977 |
| EBITDA 1 | 28,203 | 13,969 | 10,768 | 2,600 | -7,468 | -5,075 | -873 | 2,355 | 6,064 | 4,519 | 4,647 | 5,286 | 7,650 | 10,992 | - |
| EBIT 1 | 19,000 | 5,043 | 2,243 | -5,700 | -15,383 | -12,788 | -8,610 | -5,300 | -1,585 | -3,174 | -3,171 | - | - | 3,784 | 1,699 |
| Operating Margin | 20.41% | 6.31% | 3.21% | -9.84% | -32.05% | -26.69% | -18.88% | -9.62% | -2.75% | -5.94% | -6.28% | - | - | 5.91% | 2.88% |
| Earnings before Tax (EBT) 1 | 19,978 | 6,510 | 2,329 | -4,381 | -12,221 | -11,950 | -6,939 | -5,133 | -1,347 | -2,944 | -3,714 | -1,731 | 286 | 3,015 | 2,678 |
| Net income 1 | 18,602 | 5,942 | 1,890 | -4,700 | -12,700 | -12,393 | -7,769 | -5,700 | -1,898 | -3,237 | -4,104 | -1,703 | 260.5 | 2,803 | 2,177 |
| Net margin | 19.98% | 7.44% | 2.7% | -8.12% | -26.46% | -25.87% | -17.04% | -10.35% | -3.29% | -6.06% | -8.13% | -2.77% | 0.39% | 4.38% | 3.69% |
| EPS 2 | 2.001 | 0.8724 | 0.2094 | -0.5234 | -1.337 | -1.368 | -0.8632 | -0.6316 | -0.2100 | -0.3600 | -0.4500 | -0.1850 | 0.0300 | 0.3100 | 0.2400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/28/21 | 2/11/22 | 5/11/22 | 7/28/22 | 10/27/22 | 2/14/23 | 4/18/23 | 7/27/23 | 10/26/23 | 2/22/24 | 4/19/24 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 13,566 | 19,705 | 28,035 | 50,146 | 19,777 | 64,633 | 52,379 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -10,969 | 1,731 | 73,613 | -23,031 | -11,796 | -826 | 11,096 |
| ROE (net income / shareholders' equity) | -7.16% | 0.7% | 21.2% | -10.1% | -7.76% | 0.64% | 2.27% |
| ROA (Net income/ Total Assets) | -4.46% | 0.43% | 13.6% | -6.58% | -5.03% | -0.99% | 2.03% |
| Assets 1 | 389,878 | 380,465 | 423,546 | 425,632 | 370,636 | 383,904 | 577,952 |
| Book Value Per Share 2 | 28.00 | 27.80 | 33.50 | 27.90 | 24.70 | 25.00 | 25.40 |
| Cash Flow per Share 2 | 1.630 | 2.690 | 11.00 | -0.2100 | 1.030 | 2.970 | - |
| Capex 1 | 24,805 | 20,673 | 28,139 | 21,100 | 21,352 | 20,704 | 20,047 |
| Capex / Sales | 9.84% | 7.66% | 8.04% | 9.43% | 10.08% | 8.87% | 8.06% |
| Announcement Date | 2/13/20 | 2/4/21 | 2/11/22 | 2/14/23 | 2/22/24 | - | - |
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
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
14.05
TWD
Average target price
16.82
TWD
Spread / Average Target
+19.69%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.75% | 3.91B | |
| +2.89% | 26.8B | |
| +14.65% | 12.48B | |
| +15.48% | 7.97B | |
| +0.55% | 4.29B | |
| -10.70% | 4.15B | |
| -19.00% | 3.75B | |
| +15.41% | 3.86B | |
| -24.98% | 2.71B | |
| -24.96% | 1.7B |
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- Financials Innolux Corporation
