Financials Taiwan Television Enterprise Co.,Ltd.

Equities

8329

TW0008329004

Broadcasting

End-of-day quote Taipei Exchange 06:00:00 2024-05-13 pm EDT 5-day change 1st Jan Change
8.36 TWD -0.36% Intraday chart for Taiwan Television Enterprise Co.,Ltd. +7.18% +4.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,773 2,003 2,107 2,217 1,967 2,245
Enterprise Value (EV) 1 1,567 1,743 1,812 1,806 1,468 1,644
P/E ratio -61.4 x 24.6 x -71.9 x 30.4 x 100 x 38.1 x
Yield - - - - - -
Capitalization / Revenue 1.53 x 1.67 x 2 x 1.97 x 1.54 x 1.8 x
EV / Revenue 1.35 x 1.46 x 1.72 x 1.61 x 1.15 x 1.32 x
EV / EBITDA 40.1 x 35.3 x 285 x 17 x 44.1 x 21.5 x
EV / FCF 20.2 x -21.6 x 65.1 x 42.5 x 28.4 x 25.4 x
FCF Yield 4.95% -4.63% 1.54% 2.35% 3.52% 3.94%
Price to Book 0.57 x 0.63 x 0.66 x 0.68 x 0.6 x 0.64 x
Nbr of stocks (in thousands) 280,578 280,578 280,578 280,578 280,578 280,578
Reference price 2 6.320 7.140 7.510 7.900 7.010 8.000
Announcement Date 4/29/19 4/30/20 4/29/21 6/2/22 4/25/23 4/26/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,159 1,196 1,051 1,122 1,274 1,245
EBITDA 1 39.12 49.39 6.354 106 33.31 76.46
EBIT 1 -47.55 -35.15 -75.58 40.57 -17.22 27.49
Operating Margin -4.1% -2.94% -7.19% 3.61% -1.35% 2.21%
Earnings before Tax (EBT) 1 -24.66 90.46 -24.33 82.11 25.32 61.28
Net income 1 -28.88 81.5 -29.3 74.33 20.41 57.63
Net margin -2.49% 6.81% -2.79% 6.62% 1.6% 4.63%
EPS 2 -0.1029 0.2905 -0.1044 0.2600 0.0700 0.2100
Free Cash Flow 1 77.59 -80.67 27.81 42.52 51.68 64.78
FCF margin 6.7% -6.74% 2.65% 3.79% 4.06% 5.2%
FCF Conversion (EBITDA) 198.37% - 437.72% 40.11% 155.17% 84.73%
FCF Conversion (Net income) - - - 57.21% 253.19% 112.41%
Dividend per Share - - - - - -
Announcement Date 4/29/19 4/30/20 4/29/21 6/2/22 4/25/23 4/26/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 207 260 295 410 499 600
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 77.6 -80.7 27.8 42.5 51.7 64.8
ROE (net income / shareholders' equity) -0.92% 2.58% -0.92% 2.31% 0.63% 1.75%
ROA (Net income/ Total Assets) -0.7% -0.51% -1.09% 0.58% -0.24% 0.39%
Assets 1 4,126 -15,981 2,686 12,725 -8,345 14,914
Book Value Per Share 2 11.10 11.40 11.30 11.60 11.70 12.40
Cash Flow per Share 2 1.120 1.340 1.150 1.430 1.890 2.260
Capex 1 29.1 48.4 21.9 19 8.65 14.4
Capex / Sales 2.51% 4.04% 2.08% 1.69% 0.68% 1.16%
Announcement Date 4/29/19 4/30/20 4/29/21 6/2/22 4/25/23 4/26/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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