TACBRIGHT OPTRONICS CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.66 TWD | -3.17% |
|
-4.19% | -8.96% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,411 | 2,485 | 2,847 | 3,704 | 2,374 | 1,864 |
| Enterprise Value (EV) 1 | 4,822 | 4,593 | 4,692 | 5,143 | 3,583 | 2,823 |
| P/E ratio | -8.75 x | 59.6 x | 160 x | 50.3 x | -102 x | -9.39 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.96 x | 1.61 x | 1.79 x | 2.06 x | 2.03 x | 1.59 x |
| EV / Revenue | 3.92 x | 2.97 x | 2.95 x | 2.86 x | 3.06 x | 2.4 x |
| EV / EBITDA | 27.7 x | 9.41 x | 10.3 x | 9.79 x | 9.34 x | 13.4 x |
| EV / FCF | 127 x | 20.8 x | 20.2 x | 13.2 x | 15.5 x | 7.59 x |
| FCF Yield | 0.79% | 4.81% | 4.94% | 7.59% | 6.43% | 13.2% |
| Price to Book | 1.03 x | 1.05 x | 1.19 x | 1.5 x | 0.97 x | 0.83 x |
| Nbr of stocks (in thousands) | 463,602 | 463,602 | 463,602 | 463,602 | 463,602 | 463,602 |
| Reference price 2 | 5.200 | 5.360 | 6.140 | 7.990 | 5.120 | 4.020 |
| Announcement Date | 4/29/19 | 4/24/20 | 4/28/21 | 4/8/22 | 4/18/23 | 4/13/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,231 | 1,546 | 1,589 | 1,796 | 1,171 | 1,174 |
| EBITDA 1 | 174.4 | 487.9 | 457.1 | 525.3 | 383.7 | 210 |
| EBIT 1 | -223.4 | 81.07 | 44.53 | 107.4 | -34.56 | -195.9 |
| Operating Margin | -18.14% | 5.25% | 2.8% | 5.98% | -2.95% | -16.69% |
| Earnings before Tax (EBT) 1 | -255.6 | 53.84 | 25.2 | 86.33 | -22.83 | -194.2 |
| Net income 1 | -275.5 | 42.59 | 17.83 | 73.58 | -22.83 | -198.4 |
| Net margin | -22.38% | 2.76% | 1.12% | 4.1% | -1.95% | -16.9% |
| EPS 2 | -0.5943 | 0.0900 | 0.0385 | 0.1587 | -0.0500 | -0.4280 |
| Free Cash Flow 1 | 38.04 | 220.7 | 231.9 | 390.4 | 230.5 | 371.8 |
| FCF margin | 3.09% | 14.28% | 14.6% | 21.74% | 19.68% | 31.66% |
| FCF Conversion (EBITDA) | 21.81% | 45.23% | 50.74% | 74.31% | 60.08% | 177.07% |
| FCF Conversion (Net income) | - | 518.26% | 1,300.57% | 530.56% | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/29/19 | 4/24/20 | 4/28/21 | 4/8/22 | 4/18/23 | 4/13/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,411 | 2,108 | 1,845 | 1,439 | 1,209 | 959 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 13.83 x | 4.32 x | 4.038 x | 2.739 x | 3.151 x | 4.567 x |
| Free Cash Flow 1 | 38 | 221 | 232 | 390 | 231 | 372 |
| ROE (net income / shareholders' equity) | -11.2% | 1.81% | 0.75% | 3.03% | -0.93% | -8.47% |
| ROA (Net income/ Total Assets) | -2.71% | 1.01% | 0.57% | 1.46% | -0.51% | -3.18% |
| Assets 1 | 10,167 | 4,217 | 3,123 | 5,052 | 4,486 | 6,234 |
| Book Value Per Share 2 | 5.030 | 5.120 | 5.160 | 5.310 | 5.270 | 4.840 |
| Cash Flow per Share 2 | 0.1700 | 0.2200 | 0.2800 | 0.2700 | 0.2100 | 0.3400 |
| Capex 1 | 153 | 162 | 116 | 63.7 | 50.9 | 85.4 |
| Capex / Sales | 12.41% | 10.48% | 7.29% | 3.55% | 4.34% | 7.27% |
| Announcement Date | 4/29/19 | 4/24/20 | 4/28/21 | 4/8/22 | 4/18/23 | 4/13/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -8.96% | 52.55M | |
| +23.72% | 73.66B | |
| +49.28% | 66.97B | |
| -6.52% | 34.57B | |
| -15.24% | 28.96B | |
| -7.99% | 14.14B | |
| -11.85% | 10.07B | |
| +8.41% | 9.77B | |
| +76.30% | 8.8B | |
| +29.82% | 8.58B |
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