Financials Machvision Inc.

Equities

3563

TW0003563003

Semiconductor Equipment & Testing

End-of-day quote Taiwan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
457 TWD +2.24% Intraday chart for Machvision Inc. +16.88% +109.15%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 15,680 15,360 13,172 12,479 5,837 12,705
Enterprise Value (EV) 1 13,915 14,729 11,851 10,970 4,240 8,706
P/E ratio 12.2 x 18.2 x 19.7 x 15.2 x 9.87 x 26.7 x
Yield 7.34% 2.91% 4.07% 4.3% 7.66% 3.2%
Capitalization / Revenue 5.04 x 6.04 x 5.49 x 4.54 x 2.78 x 7.22 x
EV / Revenue 4.47 x 5.79 x 4.94 x 3.99 x 2.02 x 4.94 x
EV / EBITDA 8.73 x 13.6 x 13.3 x 10 x 6.41 x 17.9 x
EV / FCF 11.6 x 216 x 21.2 x 16 x 9.57 x 21.3 x
FCF Yield 8.6% 0.46% 4.71% 6.26% 10.5% 4.7%
Price to Book 7.09 x 8.04 x 5.23 x 4.38 x 2 x 2.5 x
Nbr of stocks (in thousands) 42,608 42,608 44,728 44,728 44,728 58,146
Reference price 2 368.0 360.5 294.5 279.0 130.5 218.5
Announcement Date 2/13/19 2/6/20 2/4/21 2/10/22 2/17/23 2/6/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,112 2,543 2,398 2,750 2,102 1,761
EBITDA 1 1,593 1,084 892.5 1,095 661.6 486.7
EBIT 1 1,584 1,070 869.1 1,069 633.6 458.2
Operating Margin 50.91% 42.09% 36.24% 38.86% 30.14% 26.03%
Earnings before Tax (EBT) 1 1,622 1,053 804.4 1,045 733.9 506.2
Net income 1 1,296 852.6 660 827.7 597.3 425.9
Net margin 41.66% 33.52% 27.53% 30.1% 28.41% 24.19%
EPS 2 30.11 19.86 14.93 18.36 13.22 8.170
Free Cash Flow 1 1,196 68.23 558.2 686.8 443.2 409.3
FCF margin 38.45% 2.68% 23.28% 24.97% 21.08% 23.25%
FCF Conversion (EBITDA) 75.1% 6.3% 62.54% 62.73% 66.99% 84.1%
FCF Conversion (Net income) 92.29% 8% 84.57% 82.97% 74.2% 96.1%
Dividend per Share 2 27.00 10.50 12.00 12.00 10.00 7.000
Announcement Date 2/13/19 2/6/20 2/4/21 2/10/22 2/17/23 2/6/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2022 Q4
Net sales 1 611.4 549.5 444.2 497.2
EBITDA - - - -
EBIT 1 184 187.2 97.26 165
Operating Margin 30.1% 34.07% 21.9% 33.19%
Earnings before Tax (EBT) - - - -
Net income - - - -
Net margin - - - -
EPS - - - -
Dividend per Share - - - -
Announcement Date 5/4/22 8/3/22 11/4/22 2/17/23
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,765 632 1,322 1,509 1,597 3,999
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,196 68.2 558 687 443 409
ROE (net income / shareholders' equity) 71.4% 40.2% 28.1% 29.7% 19.8% 10.1%
ROA (Net income/ Total Assets) 36.7% 20.5% 16.1% 16.3% 9.35% 5.89%
Assets 1 3,530 4,152 4,103 5,092 6,389 7,231
Book Value Per Share 2 51.90 44.80 56.30 63.80 65.20 87.60
Cash Flow per Share 2 41.40 17.40 36.10 44.20 41.50 14.50
Capex 1 34.9 44.7 37.8 18.6 4.27 24.8
Capex / Sales 1.12% 1.76% 1.58% 0.68% 0.2% 1.41%
Announcement Date 2/13/19 2/6/20 2/4/21 2/10/22 2/17/23 2/6/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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