Financials Top Union Electronics Corp.

Equities

6266

TW0006266000

Household Electronics

End-of-day quote Taipei Exchange 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
34 TWD +3.03% Intraday chart for Top Union Electronics Corp. +5.10% +4.29%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,065 2,098 1,979 2,958 2,944 4,506
Enterprise Value (EV) 1 1,471 1,722 1,722 3,070 2,346 3,471
P/E ratio 8.03 x 12.2 x 13.6 x 18.3 x 8.03 x 15.3 x
Yield 7.62% 7.45% 5.17% 2.39% 5.03% 4.51%
Capitalization / Revenue 0.65 x 0.69 x 0.89 x 1.16 x 0.89 x 1.23 x
EV / Revenue 0.46 x 0.56 x 0.78 x 1.2 x 0.71 x 0.95 x
EV / EBITDA 4.02 x 5.42 x 5.74 x 10.6 x 4.83 x 7.78 x
EV / FCF -42.3 x 15.7 x 24.4 x -10.2 x 4.6 x 8.05 x
FCF Yield -2.36% 6.39% 4.09% -9.77% 21.7% 12.4%
Price to Book 1.32 x 1.33 x 1.25 x 1.82 x 1.37 x 1.96 x
Nbr of stocks (in thousands) 122,553 122,553 122,553 122,553 138,233 138,233
Reference price 2 16.85 17.12 16.15 24.14 21.29 32.60
Announcement Date 4/1/19 3/24/20 3/29/21 3/31/22 3/29/23 3/4/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,164 3,061 2,212 2,549 3,295 3,660
EBITDA 1 365.6 317.9 299.8 288.9 485.7 446.2
EBIT 1 300.9 234.1 204.3 203.8 389 343.5
Operating Margin 9.51% 7.65% 9.24% 7.99% 11.81% 9.38%
Earnings before Tax (EBT) 1 327.8 244.3 195.9 205.4 427.6 387.6
Net income 1 259.9 173.8 146.2 162.5 329.4 296.7
Net margin 8.21% 5.68% 6.61% 6.38% 10% 8.11%
EPS 2 2.099 1.405 1.187 1.320 2.652 2.130
Free Cash Flow 1 -34.73 110 70.45 -299.9 510.1 431
FCF margin -1.1% 3.59% 3.18% -11.77% 15.48% 11.77%
FCF Conversion (EBITDA) - 34.59% 23.5% - 105.02% 96.58%
FCF Conversion (Net income) - 63.27% 48.18% - 154.85% 145.24%
Dividend per Share 2 1.285 1.276 0.8356 0.5763 1.071 1.470
Announcement Date 4/1/19 3/24/20 3/29/21 3/31/22 3/29/23 3/4/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 112 - -
Net Cash position 1 595 376 257 - 598 1,036
Leverage (Debt/EBITDA) - - - 0.3871 x - -
Free Cash Flow 1 -34.7 110 70.5 -300 510 431
ROE (net income / shareholders' equity) 17.3% 11.1% 9.29% 10.1% 17.4% 13.3%
ROA (Net income/ Total Assets) 7.91% 5.86% 5.5% 4.87% 7.9% 6.58%
Assets 1 3,285 2,964 2,660 3,336 4,172 4,507
Book Value Per Share 2 12.80 12.80 12.90 13.30 15.60 16.70
Cash Flow per Share 2 5.150 4.360 3.650 2.450 5.020 7.230
Capex 1 107 146 48.8 127 98.6 158
Capex / Sales 3.37% 4.78% 2.2% 4.96% 2.99% 4.31%
Announcement Date 4/1/19 3/24/20 3/29/21 3/31/22 3/29/23 3/4/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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