Financials Pixon Technologies Corporation

Equities

5248

TW0005248009

Electrical Components & Equipment

End-of-day quote Taipei Exchange 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
27.4 TWD -3.86% Intraday chart for Pixon Technologies Corporation -3.52% -4.86%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 493.4 560.5 496.4 486.8 466.7 705.6
Enterprise Value (EV) 1 399.4 411.8 457.6 411.1 461.9 720.4
P/E ratio 9.23 x 16.4 x 467 x 40.5 x 35.9 x 33.9 x
Yield - - 7.69% 1.37% 1.84% 1.74%
Capitalization / Revenue 1.08 x 1.36 x 1.41 x 1.13 x 1.41 x 1.9 x
EV / Revenue 0.87 x 1 x 1.3 x 0.95 x 1.4 x 1.94 x
EV / EBITDA 4.95 x 4.98 x 13.1 x 7.13 x 9.24 x 10.4 x
EV / FCF -8.45 x 4.14 x -16 x 19.6 x -4.28 x 31.2 x
FCF Yield -11.8% 24.1% -6.27% 5.1% -23.4% 3.21%
Price to Book 0.94 x 1.06 x 1.05 x 0.94 x 0.79 x 1.17 x
Nbr of stocks (in thousands) 19,092 19,092 19,092 19,092 24,500 24,500
Reference price 2 25.84 29.36 26.00 25.50 19.05 28.80
Announcement Date 4/10/19 4/6/20 3/26/21 4/6/22 4/7/23 4/2/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 457.1 410.9 353.3 430.6 330.8 371.5
EBITDA 1 80.77 82.76 35 57.68 50 69.6
EBIT 1 53.54 40.98 -6.906 13.53 4.16 21.47
Operating Margin 11.71% 9.97% -1.95% 3.14% 1.26% 5.78%
Earnings before Tax (EBT) 1 64.48 39.65 -2.712 12.3 15.98 24.64
Net income 1 54.38 34.56 1.063 12.08 12.76 20.98
Net margin 11.9% 8.41% 0.3% 2.81% 3.86% 5.65%
EPS 2 2.800 1.790 0.0557 0.6300 0.5300 0.8500
Free Cash Flow 1 -47.28 99.37 -28.68 20.96 -108 23.12
FCF margin -10.34% 24.18% -8.12% 4.87% -32.66% 6.22%
FCF Conversion (EBITDA) - 120.08% - 36.34% - 33.21%
FCF Conversion (Net income) - 287.58% - 173.52% - 110.19%
Dividend per Share - - 2.000 0.3500 0.3500 0.5000
Announcement Date 4/10/19 4/6/20 3/26/21 4/6/22 4/7/23 4/2/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 14.8
Net Cash position 1 93.9 149 38.8 75.8 4.83 -
Leverage (Debt/EBITDA) - - - - - 0.2129 x
Free Cash Flow 1 -47.3 99.4 -28.7 21 -108 23.1
ROE (net income / shareholders' equity) 10.4% 6.55% 0.21% 2.44% 2.3% 3.51%
ROA (Net income/ Total Assets) 5.55% 4.22% -0.73% 1.41% 0.38% 1.72%
Assets 1 979.8 819 -146 858 3,330 1,219
Book Value Per Share 2 27.60 27.70 24.80 27.10 24.10 24.70
Cash Flow per Share 2 4.920 8.340 4.510 6.270 4.060 5.760
Capex 1 23.4 7.7 17.2 20.3 139 95
Capex / Sales 5.12% 1.87% 4.85% 4.71% 42.04% 25.58%
Announcement Date 4/10/19 4/6/20 3/26/21 4/6/22 4/7/23 4/2/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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