MICROELECTRONICS TECHNOLOGY INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.25 TWD | 0.00% |
|
-0.49% | -19.33% |
| Apr. 15 | Chengdu Sino-Microelectronics Tech to Apply Credit of Up to 1.17 Billion Yuan | MT |
| Mar. 14 | Microelectronics Technology Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,663 | 5,621 | 7,605 | 18,174 | 9,343 | 9,451 |
| Enterprise Value (EV) 1 | 4,087 | 5,243 | 7,534 | 19,773 | 11,077 | 11,115 |
| P/E ratio | 89.5 x | 3,338 x | -79.4 x | -40.4 x | -19.1 x | -14.4 x |
| Yield | 0.98% | - | - | - | - | - |
| Capitalization / Revenue | 0.59 x | 0.97 x | 1.93 x | 4.62 x | 2.08 x | 2.82 x |
| EV / Revenue | 0.51 x | 0.9 x | 1.91 x | 5.03 x | 2.47 x | 3.31 x |
| EV / EBITDA | 33.4 x | 63 x | -139 x | -51.9 x | -36.2 x | -27.5 x |
| EV / FCF | 34 x | 23.8 x | 221 x | -13.6 x | -27.2 x | -159 x |
| FCF Yield | 2.94% | 4.21% | 0.45% | -7.35% | -3.68% | -0.63% |
| Price to Book | 1.69 x | 2.12 x | 3.14 x | 9.26 x | 4.5 x | 5.02 x |
| Nbr of stocks (in thousands) | 228,028 | 228,028 | 228,028 | 228,028 | 238,028 | 252,028 |
| Reference price 2 | 20.45 | 24.65 | 33.35 | 79.70 | 39.25 | 37.50 |
| Announcement Date | 3/27/19 | 3/31/20 | 3/26/21 | 3/16/22 | 3/13/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,969 | 5,799 | 3,950 | 3,930 | 4,482 | 3,354 |
| EBITDA 1 | 122.4 | 83.25 | -54.29 | -380.9 | -306.3 | -404.7 |
| EBIT 1 | 55.19 | 12.78 | -137 | -475.2 | -418.7 | -526.6 |
| Operating Margin | 0.69% | 0.22% | -3.47% | -12.09% | -9.34% | -15.7% |
| Earnings before Tax (EBT) 1 | 81.67 | 10.52 | -80.54 | -458.4 | -466.1 | -553.9 |
| Net income 1 | 52.11 | 1.684 | -95.42 | -450 | -486.4 | -619.8 |
| Net margin | 0.65% | 0.03% | -2.42% | -11.45% | -10.85% | -18.48% |
| EPS 2 | 0.2285 | 0.007385 | -0.4200 | -1.974 | -2.060 | -2.600 |
| Free Cash Flow 1 | 120.1 | 220.6 | 34.14 | -1,454 | -408 | -70.03 |
| FCF margin | 1.51% | 3.8% | 0.86% | -37.01% | -9.1% | -2.09% |
| FCF Conversion (EBITDA) | 98.1% | 265.02% | - | - | - | - |
| FCF Conversion (Net income) | 230.47% | 13,101.16% | - | - | - | - |
| Dividend per Share 2 | 0.2000 | - | - | - | - | - |
| Announcement Date | 3/27/19 | 3/31/20 | 3/26/21 | 3/16/22 | 3/13/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 1,600 | 1,734 | 1,664 |
| Net Cash position 1 | 576 | 378 | 70.6 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | -4.199 x | -5.661 x | -4.112 x |
| Free Cash Flow 1 | 120 | 221 | 34.1 | -1,454 | -408 | -70 |
| ROE (net income / shareholders' equity) | 1.88% | 0.06% | -3.76% | -20.5% | -24.1% | -31.3% |
| ROA (Net income/ Total Assets) | 0.59% | 0.15% | -1.64% | -4.97% | -4% | -5.48% |
| Assets 1 | 8,814 | 1,153 | 5,808 | 9,056 | 12,168 | 11,317 |
| Book Value Per Share 2 | 12.10 | 11.60 | 10.60 | 8.610 | 8.730 | 7.470 |
| Cash Flow per Share 2 | 4.760 | 4.640 | 5.810 | 4.990 | 4.720 | 3.880 |
| Capex 1 | 106 | 41.9 | 89.2 | 164 | 187 | 60.3 |
| Capex / Sales | 1.34% | 0.72% | 2.26% | 4.17% | 4.17% | 1.8% |
| Announcement Date | 3/27/19 | 3/31/20 | 3/26/21 | 3/16/22 | 3/13/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -19.33% | 234M | |
| -5.27% | 194B | |
| +12.39% | 82.95B | |
| +61.44% | 66.91B | |
| +10.66% | 57.73B | |
| +11.60% | 27.55B | |
| +12.37% | 20.23B | |
| +63.72% | 20.06B | |
| +8.53% | 17.63B | |
| -9.05% | 17.46B |
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