Financials Kaimei Electronic Corp.

Equities

2375

TW0002375003

Electrical Components & Equipment

End-of-day quote Taiwan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
63.9 TWD +2.08% Intraday chart for Kaimei Electronic Corp. +3.73% -9.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,670 8,684 12,311 13,720 5,814 7,662
Enterprise Value (EV) 1 3,716 9,519 14,262 18,405 9,790 8,306
P/E ratio 2.1 x 16 x 26.8 x 11.7 x 10.8 x 28.9 x
Yield 7.48% 1.11% 2.18% 1.98% 2.8% 1.13%
Capitalization / Revenue 1.23 x 1.91 x 2.76 x 1.78 x 0.99 x 1.59 x
EV / Revenue 1.25 x 2.09 x 3.19 x 2.39 x 1.67 x 1.73 x
EV / EBITDA -25.2 x 14.9 x 18.9 x 13.7 x 13.6 x 13.4 x
EV / FCF -2.72 x 211 x 329 x -40.9 x -81.2 x 1.74 x
FCF Yield -36.7% 0.47% 0.3% -2.45% -1.23% 57.3%
Price to Book 1.01 x 1.21 x 1.63 x 1.61 x 0.66 x 0.85 x
Nbr of stocks (in thousands) 51,250 107,584 107,522 108,675 108,675 108,675
Reference price 2 71.61 80.71 114.5 126.2 53.50 70.50
Announcement Date 4/1/19 3/30/20 3/30/21 3/30/22 3/28/23 3/27/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,972 4,547 4,467 7,716 5,868 4,811
EBITDA 1 -147.6 637.9 752.9 1,347 719.7 620.9
EBIT 1 -231.3 440.6 552.4 941.4 298.7 195.7
Operating Margin -7.78% 9.69% 12.37% 12.2% 5.09% 4.07%
Earnings before Tax (EBT) 1 2,912 901.8 658.3 1,341 791.4 431.8
Net income 1 1,749 330.4 562.6 1,138 612.1 265.5
Net margin 58.84% 7.27% 12.59% 14.76% 10.43% 5.52%
EPS 2 34.07 5.036 4.275 10.76 4.940 2.440
Free Cash Flow 1 -1,365 45.08 43.33 -450.4 -120.6 4,761
FCF margin -45.93% 0.99% 0.97% -5.84% -2.05% 98.95%
FCF Conversion (EBITDA) - 7.07% 5.76% - - 766.75%
FCF Conversion (Net income) - 13.64% 7.7% - - 1,793.17%
Dividend per Share 2 5.357 0.8929 2.500 2.500 1.500 0.8000
Announcement Date 4/1/19 3/30/20 3/30/21 3/30/22 3/28/23 3/27/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3
Net sales 1 2,139 1,736 1,506 1,581 1,505
EBITDA 1 395.8 269.3 205.2 223.9 186.8
EBIT 1 281.4 157.6 91.99 106.9 70.41
Operating Margin 13.15% 9.08% 6.11% 6.76% 4.68%
Earnings before Tax (EBT) 1 454.6 213.3 297.5 267.9 213.3
Net income 1 387.2 181 256 172 178.2
Net margin 18.1% 10.43% 17% 10.88% 11.84%
EPS 2 3.562 1.662 2.350 1.588 1.580
Dividend per Share - - - - -
Announcement Date 11/15/21 1/20/22 4/24/22 8/15/22 11/13/22
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 45.7 835 1,951 4,685 3,976 644
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -0.3095 x 1.31 x 2.591 x 3.477 x 5.525 x 1.038 x
Free Cash Flow 1 -1,365 45.1 43.3 -450 -121 4,761
ROE (net income / shareholders' equity) 54.1% 7.64% 7.76% 13.3% 7.07% 2.98%
ROA (Net income/ Total Assets) -1.4% 2.15% 2.65% 3.29% 0.99% 0.74%
Assets 1 -125,142 15,382 21,210 34,557 61,949 36,002
Book Value Per Share 2 70.60 66.60 70.20 78.40 81.30 82.60
Cash Flow per Share 2 26.40 8.670 13.20 7.640 11.10 5.940
Capex 1 174 148 193 457 521 215
Capex / Sales 5.85% 3.25% 4.32% 5.92% 8.88% 4.48%
Announcement Date 4/1/19 3/30/20 3/30/21 3/30/22 3/28/23 3/27/24
1TWD in Million2TWD
Estimates
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