PIXART IMAGING INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 157 TWD | +3.97% |
|
+7.53% | +1.95% |
| Feb. 29 | PixArt Imaging Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 19 | PixArt Imaging Inc. Announces Cash Dividend for the Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,285 | 27,151 | 21,705 | 14,092 | 22,498 | 23,052 | - |
| Enterprise Value (EV) 1 | 15,487 | 22,692 | 16,383 | 14,092 | 22,498 | 23,052 | 23,052 |
| P/E ratio | 24.6 x | 18.1 x | 13.4 x | 13 x | 28.3 x | 20.7 x | 19.9 x |
| Yield | 3.47% | 4.42% | 5.92% | 6.22% | - | - | - |
| Capitalization / Revenue | 3.34 x | 3.33 x | 2.47 x | 2.7 x | 3.85 x | 3.29 x | 3.2 x |
| EV / Revenue | 3.34 x | 3.33 x | 2.47 x | 2.7 x | 3.85 x | 3.29 x | 3.2 x |
| EV / EBITDA | 15.8 x | 12.4 x | 9.77 x | 41.3 x | 21.7 x | 15.6 x | 14.9 x |
| EV / FCF | 13,445,930 x | 17,682,726 x | 8,162,786 x | - | - | - | - |
| FCF Yield | 0% | 0% | 0% | - | - | - | - |
| Price to Book | 2.85 x | 3.05 x | 2.13 x | 1.54 x | - | - | - |
| Nbr of stocks (in thousands) | 137,058 | 141,410 | 142,797 | 146,181 | 146,092 | 146,831 | - |
| Reference price 2 | 148.0 | 192.0 | 152.0 | 96.40 | 154.0 | 157.0 | 157.0 |
| Announcement Date | 2/20/20 | 2/4/21 | 2/25/22 | 2/20/23 | 2/29/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,075 | 8,148 | 8,801 | 5,226 | 5,845 | 7,013 | 7,199 |
| EBITDA 1 | 1,285 | 2,196 | 2,221 | 341.5 | 1,035 | 1,481 | 1,543 |
| EBIT 1 | 961.5 | 1,838 | 1,832 | 14.4 | 708.4 | 1,129 | 1,231 |
| Operating Margin | 15.83% | 22.56% | 20.82% | 0.28% | 12.12% | 16.1% | 17.1% |
| Earnings before Tax (EBT) 1 | 1,039 | 1,777 | 1,926 | 1,095 | 885.3 | 1,295 | 1,396 |
| Net income 1 | 835.6 | 1,457 | 1,576 | 1,051 | 799.4 | 1,110 | 1,150 |
| Net margin | 13.75% | 17.88% | 17.91% | 20.11% | 13.68% | 15.83% | 15.97% |
| EPS 2 | 6.010 | 10.60 | 11.32 | 7.410 | 5.450 | 7.595 | 7.870 |
| Free Cash Flow | 1,509 | 1,535 | 2,659 | - | - | - | - |
| FCF margin | 24.83% | 18.84% | 30.21% | - | - | - | - |
| FCF Conversion (EBITDA) | 117.39% | 69.9% | 119.75% | - | - | - | - |
| FCF Conversion (Net income) | 180.54% | 105.41% | 168.73% | - | - | - | - |
| Dividend per Share | 5.130 | 8.480 | 9.000 | 6.000 | - | - | - |
| Announcement Date | 2/20/20 | 2/4/21 | 2/25/22 | 2/20/23 | 2/29/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,363 | 1,644 | 1,393 | 1,589 | 1,222 | 1,021 | 1,087 | 1,394 | - | 1,769 | 1,628 | 1,740 | 1,840 | 1,804 | 1,624 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 535 | 174.7 | 66.63 | 193 | -252.5 | 7.262 | 15.74 | 85.86 | - | 370.1 | 281.5 | 259.5 | 300 | 288 | 285 |
| Operating Margin | 22.64% | 10.63% | 4.78% | 12.15% | -20.66% | 0.71% | 1.45% | 6.16% | - | 20.92% | 17.29% | 14.91% | 16.3% | 15.96% | 17.55% |
| Earnings before Tax (EBT) 1 | 588.9 | 192.9 | 135.1 | 311.9 | 721.8 | -74.03 | 4.765 | 229.7 | - | 312.7 | 324.5 | 301.5 | 341 | 328.5 | 326 |
| Net income 1 | 477.3 | 160.3 | 127.1 | 262.5 | 724.7 | -63.53 | 4.987 | 218.1 | 299 | 277.4 | 276.5 | 257 | 291.5 | 285.5 | 266 |
| Net margin | 20.2% | 9.75% | 9.12% | 16.51% | 59.29% | -6.22% | 0.46% | 15.64% | - | 15.68% | 16.98% | 14.77% | 15.84% | 15.83% | 16.38% |
| EPS 2 | 3.320 | 1.120 | 0.8800 | 1.830 | 4.990 | -0.4600 | 0.0300 | 1.500 | 2.050 | 1.880 | 1.890 | 1.760 | 1.995 | 1.955 | 1.820 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/3/21 | 2/25/22 | 5/3/22 | 8/3/22 | 11/7/22 | 2/20/23 | 5/2/23 | 8/10/23 | 11/6/23 | 2/29/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | 4,798 | 4,459 | 5,323 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | 1,509 | 1,535 | 2,659 | - | - | - | - |
| ROE (net income / shareholders' equity) | 12.6% | 22% | 16.5% | 10.9% | 8.4% | 11.5% | 11.7% |
| ROA (Net income/ Total Assets) | 9.85% | 17.2% | 12.4% | 8.47% | 6.82% | 9.31% | 9.52% |
| Assets 1 | 8,484 | 8,484 | 12,700 | 12,401 | 11,730 | 11,923 | 12,080 |
| Book Value Per Share | 51.90 | 63.00 | 71.20 | 62.50 | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 78.9 | 122 | 104 | 77.3 | 46.4 | 50 | 50 |
| Capex / Sales | 1.3% | 1.49% | 1.19% | 1.48% | 0.79% | 0.71% | 0.69% |
| Announcement Date | 2/20/20 | 2/4/21 | 2/25/22 | 2/20/23 | 2/29/24 | - | - |
1TWD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
157
TWD
Average target price
175
TWD
Spread / Average Target
+11.46%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +1.95% | 707M | |
| +77.16% | 2,159B | |
| +31.87% | 622B | |
| +20.41% | 623B | |
| +6.78% | 254B | |
| +14.54% | 185B | |
| +4.12% | 162B | |
| -36.56% | 136B | |
| +34.57% | 127B | |
| +35.67% | 105B |
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- Financials PixArt Imaging Inc.
