Financials Sunplus Technology Company Limited

Equities

2401

TW0002401007

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
28.6 TWD +3.25% Intraday chart for Sunplus Technology Company Limited +6.92% -16.74%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,620 7,973 10,768 22,861 13,181 20,213
Enterprise Value (EV) 1 2,632 4,428 7,160 17,097 9,323 16,457
P/E ratio 1,179 x 521 x 33.3 x 19.3 x 61.1 x -40.9 x
Yield 3.2% 2.21% 2.87% 5.15% 2.68% -
Capitalization / Revenue 1.09 x 1.45 x 1.68 x 2.87 x 1.97 x 3.65 x
EV / Revenue 0.43 x 0.8 x 1.12 x 2.15 x 1.39 x 2.97 x
EV / EBITDA 10.9 x 9.83 x 8.27 x 13.2 x 12.8 x 81.1 x
EV / FCF 10.1 x 12.4 x 41.7 x 13.5 x -10.9 x 18.2 x
FCF Yield 9.86% 8.03% 2.4% 7.39% -9.17% 5.48%
Price to Book 0.78 x 0.97 x 1.28 x 2.26 x 1.42 x 2.38 x
Nbr of stocks (in thousands) 588,435 588,435 588,435 588,435 588,435 588,435
Reference price 2 11.25 13.55 18.30 38.85 22.40 34.35
Announcement Date 3/29/19 3/30/20 3/30/21 3/30/22 3/16/23 3/14/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,078 5,512 6,414 7,961 6,706 5,535
EBITDA 1 241.9 450.6 865.5 1,294 726 202.9
EBIT 1 -89.79 131.7 516.2 923.5 287.9 -247.4
Operating Margin -1.48% 2.39% 8.05% 11.6% 4.29% -4.47%
Earnings before Tax (EBT) 1 204 244.2 784.7 2,058 882.4 -86.17
Net income 1 5.616 15.31 323.4 1,183 215.9 -493.1
Net margin 0.09% 0.28% 5.04% 14.86% 3.22% -8.91%
EPS 2 0.009543 0.0260 0.5496 2.010 0.3669 -0.8400
Free Cash Flow 1 259.4 355.7 171.9 1,263 -855.3 902.4
FCF margin 4.27% 6.45% 2.68% 15.86% -12.75% 16.3%
FCF Conversion (EBITDA) 107.22% 78.94% 19.86% 97.59% - 444.72%
FCF Conversion (Net income) 4,618.16% 2,323.17% 53.14% 106.77% - -
Dividend per Share 2 0.3600 0.3000 0.5255 2.000 0.6000 -
Announcement Date 3/29/19 3/30/20 3/30/21 3/30/22 3/16/23 3/14/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3
Net sales 1 2,132 2,028 2,115 1,985 1,437
EBITDA - - - - -
EBIT 1 309.6 175.9 268.8 262.3 -77.37
Operating Margin 14.52% 8.67% 12.71% 13.22% -5.38%
Earnings before Tax (EBT) - - - - -
Net income - - - - -
Net margin - - - - -
EPS - - - - -
Dividend per Share - - - - -
Announcement Date 11/12/21 3/29/22 5/14/22 8/12/22 11/11/22
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,988 3,546 3,608 5,764 3,858 3,756
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 259 356 172 1,263 -855 902
ROE (net income / shareholders' equity) 1.39% 1.8% 6.32% 15.5% 5.51% -1.96%
ROA (Net income/ Total Assets) -0.44% 0.7% 2.68% 3.98% 1.15% -1.07%
Assets 1 -1,271 2,177 12,085 29,711 18,838 46,218
Book Value Per Share 2 14.40 13.90 14.30 17.20 15.70 14.40
Cash Flow per Share 2 5.500 5.130 5.780 8.220 7.520 6.950
Capex 1 174 139 195 123 268 187
Capex / Sales 2.86% 2.52% 3.04% 1.54% 3.99% 3.38%
Announcement Date 3/29/19 3/30/20 3/30/21 3/30/22 3/16/23 3/14/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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