Financials Max Echo Technology Corp.

Equities

5228

TW0005228001

Semiconductors

End-of-day quote Taipei Exchange 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
22.25 TWD -0.67% Intraday chart for Max Echo Technology Corp. -3.89% +0.23%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 453.7 427.5 503.7 1,007 803 844.8
Enterprise Value (EV) 1 1,001 1,006 1,043 1,501 1,204 1,324
P/E ratio 27.6 x -19.3 x 17.2 x 17.6 x 15.5 x -11.1 x
Yield 1.48% - 1.33% 1.47% 1.42% -
Capitalization / Revenue 0.89 x 1 x 0.99 x 1.43 x 1.17 x 1.91 x
EV / Revenue 1.95 x 2.35 x 2.04 x 2.12 x 1.75 x 2.99 x
EV / EBITDA 16.9 x 46.5 x 14.6 x 13.7 x 12.8 x -33.8 x
EV / FCF -175 x -63.3 x 43.7 x 23.4 x -32.8 x -33.4 x
FCF Yield -0.57% -1.58% 2.29% 4.28% -3.05% -3%
Price to Book 0.91 x 0.92 x 1.01 x 1.84 x 1.18 x 1.42 x
Nbr of stocks (in thousands) 33,579 33,579 33,579 33,579 38,056 38,056
Reference price 2 13.51 12.73 15.00 30.00 21.10 22.20
Announcement Date 4/19/19 4/21/20 4/27/21 4/26/22 5/30/23 3/13/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 511.9 428.9 510.8 706.9 688.4 442.3
EBITDA 1 59.17 21.63 71.35 109.8 93.96 -39.21
EBIT 1 20.06 -17.82 35.73 72.62 49.26 -88.78
Operating Margin 3.92% -4.15% 6.99% 10.27% 7.15% -20.07%
Earnings before Tax (EBT) 1 18.46 -21.57 33.94 64.32 62.17 -87.09
Net income 1 16.57 -22.07 29.34 57.58 50.04 -76.1
Net margin 3.24% -5.14% 5.74% 8.15% 7.27% -17.21%
EPS 2 0.4900 -0.6600 0.8700 1.700 1.360 -2.000
Free Cash Flow 1 -5.717 -15.9 23.84 64.21 -36.73 -39.7
FCF margin -1.12% -3.71% 4.67% 9.08% -5.34% -8.98%
FCF Conversion (EBITDA) - - 33.42% 58.5% - -
FCF Conversion (Net income) - - 81.26% 111.52% - -
Dividend per Share 2 0.2000 - 0.2000 0.4412 0.3000 -
Announcement Date 4/19/19 4/21/20 4/27/21 4/26/22 5/30/23 3/13/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3
Net sales 1 189.7 175.2 172.7
EBITDA - - -
EBIT 1 21.08 7.65 11.81
Operating Margin 11.11% 4.37% 6.84%
Earnings before Tax (EBT) - - -
Net income - - -
Net margin - - -
EPS - - -
Dividend per Share - - -
Announcement Date 5/12/22 8/11/22 11/11/22
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 547 579 539 494 401 480
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.246 x 26.75 x 7.561 x 4.498 x 4.272 x -12.23 x
Free Cash Flow 1 -5.72 -15.9 23.8 64.2 -36.7 -39.7
ROE (net income / shareholders' equity) 3.41% -4.58% 6.09% 11% 8.15% -11.9%
ROA (Net income/ Total Assets) 0.99% -0.91% 1.86% 3.56% 2.29% -4.32%
Assets 1 1,668 2,431 1,582 1,619 2,190 1,761
Book Value Per Share 2 14.80 13.90 14.80 16.30 17.90 15.60
Cash Flow per Share 2 1.430 1.190 0.9800 2.950 2.250 1.780
Capex 1 23.3 38.1 16.7 51.4 60.6 34.7
Capex / Sales 4.55% 8.89% 3.26% 7.27% 8.81% 7.84%
Announcement Date 4/19/19 4/21/20 4/27/21 4/26/22 5/30/23 3/13/24
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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