Financials LARGAN Precision Co.,Ltd

Equities

3008

TW0003008009

Household Electronics

End-of-day quote Taiwan S.E. 06:00:00 2024-04-14 pm EDT 5-day change 1st Jan Change
2,295 TWD -2.34% Intraday chart for LARGAN Precision Co.,Ltd -3.57% -20.03%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 670,701 428,578 328,999 272,275 383,054 313,650 - -
Enterprise Value (EV) 1 579,023 326,124 223,126 157,684 266,257 186,928 174,529 161,746
P/E ratio 23.7 x 17.7 x 17.9 x 12.2 x 21.4 x 14.3 x 14.1 x 13.2 x
Yield 1.58% 2.86% 3.71% 4.19% - 3.35% 3.67% 4.14%
Capitalization / Revenue 11 x 7.66 x 7.01 x 5.71 x 7.84 x 5.5 x 5.07 x 4.69 x
EV / Revenue 9.53 x 5.83 x 4.75 x 3.31 x 5.45 x 3.28 x 2.82 x 2.42 x
EV / EBITDA 14.4 x 8.97 x 8 x 6.18 x 11.5 x 6.7 x 5.68 x 4.92 x
EV / FCF 33.8 x 14 x 14.9 x 4.56 x 26.7 x 9.03 x 7.9 x 7.6 x
FCF Yield 2.96% 7.14% 6.71% 21.9% 3.74% 11.1% 12.7% 13.2%
Price to Book 5.31 x 3.04 x 2.33 x 1.76 x 2.31 x 1.76 x 1.61 x 1.5 x
Nbr of stocks (in thousands) 134,140 134,140 133,468 133,468 133,468 133,468 - -
Reference price 2 5,000 3,195 2,465 2,040 2,870 2,350 2,350 2,350
Announcement Date 1/10/20 2/22/21 2/21/22 2/24/23 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 60,745 55,944 46,962 47,675 48,842 57,033 61,883 66,835
EBITDA 1 40,317 36,376 27,893 25,502 23,229 27,896 30,735 32,886
EBIT 1 36,506 32,032 23,148 20,384 17,807 21,978 24,044 26,523
Operating Margin 60.1% 57.26% 49.29% 42.76% 36.46% 38.54% 38.85% 39.68%
Earnings before Tax (EBT) 1 36,580 31,694 23,027 27,827 22,102 27,674 27,792 29,807
Net income 1 28,262 24,534 18,671 22,625 17,902 22,005 22,287 23,912
Net margin 46.53% 43.85% 39.76% 47.46% 36.65% 38.58% 36.01% 35.78%
EPS 2 210.7 180.9 137.5 166.9 134.1 164.6 166.7 178.5
Free Cash Flow 1 17,134 23,280 14,969 34,558 9,962 20,705 22,100 21,285
FCF margin 28.21% 41.61% 31.87% 72.49% 20.4% 36.3% 35.71% 31.85%
FCF Conversion (EBITDA) 42.5% 64% 53.66% 135.51% 42.89% 74.22% 71.91% 64.72%
FCF Conversion (Net income) 60.62% 94.89% 80.17% 152.74% 55.65% 94.09% 99.16% 89.01%
Dividend per Share 2 79.00 91.50 91.50 85.50 - 78.61 86.32 97.23
Announcement Date 1/10/20 2/22/21 2/21/22 2/24/23 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 11,978 13,052 10,133 9,675 13,477 14,390 9,136 8,194 13,629 17,883 11,547 10,963 15,902 18,876 12,481
EBITDA 1 6,956 7,199 5,272 5,302 6,840 8,089 4,595 4,094 5,252 9,287 5,788 5,506 7,687 9,582 -
EBIT 1 5,771 5,978 4,010 4,035 5,554 6,785 3,269 2,752 3,884 7,902 4,096 3,862 6,106 8,051 4,474
Operating Margin 48.18% 45.8% 39.57% 41.71% 41.21% 47.15% 35.78% 33.59% 28.5% 44.19% 35.48% 35.23% 38.4% 42.65% 35.85%
Earnings before Tax (EBT) 1 6,102 6,266 6,761 6,202 9,696 5,168 3,909 5,024 7,045 6,124 7,430 4,549 7,054 8,947 5,479
Net income 1 5,261 5,136 5,510 4,946 8,142 4,024 3,289 3,696 5,953 4,965 6,111 3,516 5,713 7,296 4,478
Net margin 43.92% 39.35% 54.38% 51.12% 60.42% 27.96% 36% 45.1% 43.68% 27.76% 52.93% 32.07% 35.93% 38.65% 35.88%
EPS 2 39.22 37.60 40.87 36.76 60.11 29.87 24.64 27.69 44.60 37.20 45.79 26.45 42.82 54.09 34.69
Dividend per Share 2 91.50 - - - - - - - - - - - 67.07 - -
Announcement Date 10/7/21 2/21/22 4/15/22 7/14/22 10/31/22 2/24/23 4/13/23 7/13/23 11/8/23 2/29/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 91,678 102,454 105,874 114,591 116,797 126,723 139,121 151,904
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 17,134 23,280 14,969 34,558 9,962 20,705 22,101 21,285
ROE (net income / shareholders' equity) 24.2% 18.4% 13.2% 15.2% 11.2% 12.6% 12.1% 12.5%
ROA (Net income/ Total Assets) 19.7% 15.1% 10.8% 12.6% 9.42% 10.6% 10.3% 10.3%
Assets 1 143,312 162,549 172,994 179,841 190,046 207,489 217,191 232,157
Book Value Per Share 2 942.0 1,050 1,057 1,162 1,240 1,337 1,456 1,563
Cash Flow per Share 2 189.0 214.0 154.0 320.0 135.0 205.0 214.0 216.0
Capex 1 8,496 5,771 5,909 8,210 8,237 6,717 6,572 6,852
Capex / Sales 13.99% 10.31% 12.58% 17.22% 16.86% 11.78% 10.62% 10.25%
Announcement Date 1/10/20 2/22/21 2/21/22 2/24/23 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-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
2,350 TWD
Average target price
3,010 TWD
Spread / Average Target
+28.08%
Consensus
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