Financials NEXCOM International Co., Ltd.

Equities

8234

TW0008234006

Computer Hardware

End-of-day quote Taipei Exchange 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
53.8 TWD +7.71% Intraday chart for NEXCOM International Co., Ltd. +21.31% +11.97%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,973 3,806 3,573 3,439 4,625 6,786
Enterprise Value (EV) 1 4,737 5,799 4,953 5,938 6,180 7,225
P/E ratio 17.5 x 16.8 x 23.9 x 24.4 x 5.13 x 38 x
Yield 3.33% 2.97% 3.16% 4.11% 9.16% -
Capitalization / Revenue 0.45 x 0.53 x 0.53 x 0.51 x 0.58 x 1.18 x
EV / Revenue 0.71 x 0.8 x 0.74 x 0.88 x 0.78 x 1.25 x
EV / EBITDA 36.6 x 13.9 x 14.7 x 20.4 x 12.1 x 22.2 x
EV / FCF -10 x 28.1 x 6.41 x -8.07 x 18.6 x 5.37 x
FCF Yield -9.98% 3.56% 15.6% -12.4% 5.38% 18.6%
Price to Book 1.21 x 1.47 x 1.37 x 1.31 x 1.34 x 2.12 x
Nbr of stocks (in thousands) 141,226 141,226 141,227 141,226 141,226 141,226
Reference price 2 21.05 26.95 25.30 24.35 32.75 48.05
Announcement Date 4/1/19 3/31/20 3/30/21 3/28/22 2/24/23 2/26/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,638 7,213 6,702 6,781 7,917 5,766
EBITDA 1 129.2 418.4 336.1 291.1 512.1 325.5
EBIT 1 51.65 304.3 208.7 176.1 409.9 222.3
Operating Margin 0.78% 4.22% 3.11% 2.6% 5.18% 3.86%
Earnings before Tax (EBT) 1 194 287.8 209.8 205.3 1,353 244.9
Net income 1 170.2 227.4 150 141.5 902.2 178.8
Net margin 2.56% 3.15% 2.24% 2.09% 11.4% 3.1%
EPS 2 1.200 1.600 1.060 1.000 6.380 1.266
Free Cash Flow 1 -472.8 206.2 772.7 -735.4 332.4 1,346
FCF margin -7.12% 2.86% 11.53% -10.85% 4.2% 23.35%
FCF Conversion (EBITDA) - 49.28% 229.92% - 64.91% 413.59%
FCF Conversion (Net income) - 90.67% 515.05% - 36.84% 752.96%
Dividend per Share 2 0.7000 0.8000 0.8000 1.000 3.000 -
Announcement Date 4/1/19 3/31/20 3/30/21 3/28/22 2/24/23 2/26/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,764 1,993 1,380 2,499 1,555 439
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 13.65 x 4.764 x 4.108 x 8.584 x 3.036 x 1.35 x
Free Cash Flow 1 -473 206 773 -735 332 1,346
ROE (net income / shareholders' equity) 6.5% 8.13% 6.69% 6.35% 29.2% 5.56%
ROA (Net income/ Total Assets) 0.55% 2.86% 1.94% 1.52% 3.05% 1.76%
Assets 1 31,101 7,954 7,730 9,313 29,628 10,166
Book Value Per Share 2 17.30 18.30 18.50 18.60 24.40 22.70
Cash Flow per Share 2 3.440 5.160 5.910 5.020 10.40 12.00
Capex 1 225 134 49.7 71.3 84.1 52.9
Capex / Sales 3.4% 1.86% 0.74% 1.05% 1.06% 0.92%
Announcement Date 4/1/19 3/31/20 3/30/21 3/28/22 2/24/23 2/26/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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