Financials Mars Semiconductor Corp.

Equities

6708

TW0006708001

Semiconductors

End-of-day quote Taipei Exchange 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
41.5 TWD -1.43% Intraday chart for Mars Semiconductor Corp. +1.10% -17.17%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 1,292 2,235 1,615 1,453
Enterprise Value (EV) 1 1,140 2,074 1,273 1,124
P/E ratio 95.2 x 67.7 x 48.5 x -48.6 x
Yield 0.94% 0.86% 1.43% -
Capitalization / Revenue 5.5 x 6.65 x 5.14 x 7.44 x
EV / Revenue 4.85 x 6.17 x 4.05 x 5.75 x
EV / EBITDA 36.1 x 41.3 x 52.1 x -35 x
EV / FCF -168 x 353 x 56.8 x 34.7 x
FCF Yield -0.59% 0.28% 1.76% 2.88%
Price to Book 4.53 x 7.66 x 3.88 x 3.49 x
Nbr of stocks (in thousands) 25,596 25,596 25,596 29,009
Reference price 2 50.48 87.30 63.10 50.10
Announcement Date 4/28/21 4/15/22 3/31/23 3/15/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 206 223 234.9 336.1 314.2 195.4
EBITDA 1 12.46 20.49 31.53 50.19 24.46 -32.15
EBIT 1 2.745 12.37 22.73 42.08 16.46 -35.14
Operating Margin 1.33% 5.55% 9.68% 12.52% 5.24% -17.98%
Earnings before Tax (EBT) 1 19.8 10.47 15.88 38.06 40.53 -29.59
Net income 1 17.02 7.544 13.58 33.12 33.49 -29.91
Net margin 8.26% 3.38% 5.78% 9.85% 10.66% -15.31%
EPS 2 0.6606 0.2894 0.5305 1.290 1.300 -1.031
Free Cash Flow 1 34.73 32.57 -6.771 5.878 22.43 32.41
FCF margin 16.86% 14.6% -2.88% 1.75% 7.14% 16.59%
FCF Conversion (EBITDA) 278.77% 158.94% - 11.71% 91.72% -
FCF Conversion (Net income) 204.1% 431.72% - 17.75% 66.98% -
Dividend per Share 2 0.1057 0.0747 0.4762 0.7500 0.9000 -
Announcement Date 4/30/19 4/27/20 4/28/21 4/15/22 3/31/23 3/15/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q4 2023 Q1
Net sales 1 53.62 34.15
EBITDA - -
EBIT 1 -11.9 -15.34
Operating Margin -22.18% -44.93%
Earnings before Tax (EBT) - -
Net income 1 -16.76 -15.32
Net margin -31.26% -44.86%
EPS 2 -0.6600 -0.5300
Dividend per Share - -
Announcement Date 3/31/23 5/15/23
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 148 165 152 161 342 330
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 34.7 32.6 -6.77 5.88 22.4 32.4
ROE (net income / shareholders' equity) 6.55% 2.78% 4.86% 11.8% 8.77% -6.73%
ROA (Net income/ Total Assets) 0.43% 2.08% 3.65% 6.25% 2.06% -4.28%
Assets 1 3,969 363.5 372.4 529.6 1,629 698.4
Book Value Per Share 2 10.50 10.70 11.20 11.40 16.30 14.40
Cash Flow per Share 2 8.580 8.790 9.240 9.350 13.10 9.490
Capex 1 0.88 0.29 1.3 - 1.28 0.13
Capex / Sales 0.43% 0.13% 0.55% - 0.41% 0.06%
Announcement Date 4/30/19 4/27/20 4/28/21 4/15/22 3/31/23 3/15/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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