Financials Promate Electronic Co.,Ltd.

Equities

6189

TW0006189004

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
86.2 TWD -1.93% Intraday chart for Promate Electronic Co.,Ltd. +6.82% +48.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,067 6,240 6,338 7,961 7,858 12,342
Enterprise Value (EV) 1 5,520 7,687 7,837 9,442 8,993 13,586
P/E ratio 9.83 x 13.4 x 13 x 11.2 x 9.92 x 14.8 x
Yield 9.29% 6.54% 7.91% 9.03% 9.09% 6.02%
Capitalization / Revenue 0.26 x 0.27 x 0.24 x 0.25 x 0.28 x 0.42 x
EV / Revenue 0.28 x 0.34 x 0.29 x 0.29 x 0.32 x 0.46 x
EV / EBITDA 6.74 x 8.88 x 7.39 x 7.48 x 9.33 x 10.4 x
EV / FCF 231 x -18 x 19 x 36.1 x 15.8 x 24.4 x
FCF Yield 0.43% -5.57% 5.26% 2.77% 6.32% 4.09%
Price to Book 1.37 x 1.7 x 1.63 x 1.74 x 1.54 x 2.29 x
Nbr of stocks (in thousands) 179,045 179,045 179,045 190,238 207,052 212,431
Reference price 2 28.30 34.85 35.40 41.85 37.95 58.10
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/28/23 3/28/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 19,712 22,824 26,711 32,469 28,073 29,514
EBITDA 1 818.4 865.6 1,060 1,262 963.6 1,302
EBIT 1 784 835.1 1,032 1,235 936.4 1,271
Operating Margin 3.98% 3.66% 3.87% 3.8% 3.34% 4.31%
Earnings before Tax (EBT) 1 751.7 674.5 747.6 1,059 1,133 1,136
Net income 1 522 469.7 536 794 820.3 847.4
Net margin 2.65% 2.06% 2.01% 2.45% 2.92% 2.87%
EPS 2 2.880 2.600 2.727 3.751 3.827 3.936
Free Cash Flow 1 23.9 -428.2 412.3 261.5 568.7 556.1
FCF margin 0.12% -1.88% 1.54% 0.81% 2.03% 1.88%
FCF Conversion (EBITDA) 2.92% - 38.9% 20.73% 59.02% 42.7%
FCF Conversion (Net income) 4.58% - 76.93% 32.94% 69.32% 65.62%
Dividend per Share 2 2.630 2.280 2.800 3.780 3.450 3.500
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/28/23 3/28/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 453 1,447 1,499 1,481 1,135 1,243
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.5531 x 1.672 x 1.414 x 1.174 x 1.178 x 0.9548 x
Free Cash Flow 1 23.9 -428 412 261 569 556
ROE (net income / shareholders' equity) 14.8% 13.4% 14.6% 18.3% 16.8% 16.6%
ROA (Net income/ Total Assets) 5.74% 5.55% 5.85% 5.66% 3.95% 5.04%
Assets 1 9,095 8,463 9,165 14,021 20,772 16,820
Book Value Per Share 2 20.60 20.50 21.70 24.00 24.60 25.40
Cash Flow per Share 2 9.190 9.080 12.00 10.20 12.10 11.70
Capex 1 9.6 13.9 21.4 20.7 27.7 22.6
Capex / Sales 0.05% 0.06% 0.08% 0.06% 0.1% 0.08%
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/28/23 3/28/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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