TSRC CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 24.1 TWD | +0.84% |
|
-1.23% | 0.00% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,900 | 19,239 | 33,359 | 22,335 | 19,900 | 19,900 | - |
| Enterprise Value (EV) 1 | 26,104 | 24,563 | 36,483 | 22,335 | 19,900 | 19,900 | 19,900 |
| P/E ratio | 27.1 x | -777 x | 8.54 x | 12.6 x | 29.4 x | 33.9 x | 25.9 x |
| Yield | 2.07% | 1.55% | 5.94% | - | - | - | - |
| Capitalization / Revenue | 0.69 x | 0.8 x | 1.03 x | 0.66 x | 0.63 x | 0.63 x | 0.62 x |
| EV / Revenue | 0.69 x | 0.8 x | 1.03 x | 0.66 x | 0.63 x | 0.63 x | 0.62 x |
| EV / EBITDA | 8.9 x | 9.72 x | 6.49 x | 5.61 x | 8.78 x | 7.64 x | 6.58 x |
| EV / FCF | 138,403,232 x | 20,775,522 x | 18,118,249 x | - | - | - | - |
| FCF Yield | 0% | 0% | 0% | - | - | - | - |
| Price to Book | 1.34 x | 1.36 x | 1.85 x | - | - | - | - |
| Nbr of stocks (in thousands) | 825,710 | 825,710 | 825,710 | 825,710 | 825,710 | 825,710 | - |
| Reference price 2 | 24.10 | 23.30 | 40.40 | 27.05 | 24.10 | 24.10 | 24.10 |
| Announcement Date | 3/18/20 | 3/15/21 | 3/10/22 | 3/10/23 | 3/7/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 28,911 | 24,024 | 32,533 | 33,841 | 31,427 | 31,559 | 32,105 |
| EBITDA 1 | 2,236 | 1,979 | 5,138 | 3,983 | 2,266 | 2,604 | 3,025 |
| EBIT 1 | 1,085 | 822.3 | 3,928 | 2,675 | 947.9 | 540 | 843 |
| Operating Margin | 3.75% | 3.42% | 12.07% | 7.9% | 3.02% | 1.71% | 2.63% |
| Earnings before Tax (EBT) 1 | 1,255 | 520.7 | 5,633 | 3,069 | 1,424 | 901 | 1,188 |
| Net income 1 | 740.3 | -21.89 | 3,931 | 1,783 | 680 | 583 | 771 |
| Net margin | 2.56% | -0.09% | 12.08% | 5.27% | 2.16% | 1.85% | 2.4% |
| EPS 2 | 0.8900 | -0.0300 | 4.730 | 2.140 | 0.8200 | 0.7100 | 0.9300 |
| Free Cash Flow | 143.8 | 926 | 1,841 | - | - | - | - |
| FCF margin | 0.5% | 3.85% | 5.66% | - | - | - | - |
| FCF Conversion (EBITDA) | 6.43% | 46.8% | 35.83% | - | - | - | - |
| FCF Conversion (Net income) | 19.42% | - | 46.84% | - | - | - | - |
| Dividend per Share | 0.5000 | 0.3600 | 2.400 | - | - | - | - |
| Announcement Date | 3/18/20 | 3/15/21 | 3/10/22 | 3/10/23 | 3/7/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,673 | 8,123 | 8,642 | 8,975 | 8,741 | 7,484 | 8,114 | - | 7,689 | 7,882 | 7,649 | 7,908 | 7,837 | 8,166 | 7,390 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 423.4 | 960.7 | 1,003 | 911.3 | 526.3 | 234.1 | 313.4 | - | 164.6 | 376.4 | 84 | 172 | 117 | 167 | 141 |
| Operating Margin | 5.52% | 11.83% | 11.61% | 10.15% | 6.02% | 3.13% | 3.86% | - | 2.14% | 4.77% | 1.1% | 2.18% | 1.49% | 2.05% | 1.91% |
| Earnings before Tax (EBT) 1 | 1,697 | 946.3 | 1,106 | 1,110 | 664.7 | 187.7 | 411.9 | - | 358.7 | 465.6 | 184 | 318 | 283 | 115 | 241 |
| Net income 1 | 1,442 | 590.5 | 652.2 | 748.7 | 393.5 | -11.56 | 255.9 | 41.18 | 158.3 | 224.6 | 120 | 194 | 195 | 74 | 156 |
| Net margin | 18.79% | 7.27% | 7.55% | 8.34% | 4.5% | -0.15% | 3.15% | - | 2.06% | 2.85% | 1.57% | 2.45% | 2.49% | 0.91% | 2.11% |
| EPS 2 | 1.740 | 0.7000 | 0.7900 | 0.9100 | 0.4700 | -0.0200 | 0.3100 | 0.0500 | 0.1900 | 0.2700 | 0.1500 | 0.2400 | 0.2400 | 0.0900 | 0.1900 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 3/10/22 | 5/5/22 | 8/4/22 | 11/4/22 | 3/10/23 | 5/5/23 | 7/31/23 | 11/2/23 | 3/7/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | 6,205 | 5,324 | 3,124 | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.775 x | 2.691 x | 0.608 x | - | - | - | - |
| Free Cash Flow | 144 | 926 | 1,841 | - | - | - | - |
| ROE (net income / shareholders' equity) | 4.9% | -0.15% | 24.4% | - | 3.58% | 2.73% | 3.55% |
| ROA (Net income/ Total Assets) | 2.36% | -0.07% | 12.7% | - | 1.82% | 1.52% | 1.97% |
| Assets 1 | 31,372 | 31,273 | 31,049 | - | 37,281 | 38,355 | 39,137 |
| Book Value Per Share | 18.00 | 17.10 | 21.80 | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 2,454 | 1,438 | 861 | - | 1,634 | 752 | 1,000 |
| Capex / Sales | 8.49% | 5.99% | 2.65% | - | 5.2% | 2.38% | 3.11% |
| Announcement Date | 3/18/20 | 3/15/21 | 3/10/22 | 3/10/23 | 3/7/24 | - | - |
1TWD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
24.1
TWD
Average target price
25
TWD
Spread / Average Target
+3.73%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| 0.00% | 610M | |
| -5.06% | 2.14B | |
| -.--% | 1.55B | |
| -9.45% | 1.28B | |
| -28.08% | 633M | |
| -5.89% | 584M | |
| -10.90% | 506M | |
| +8.84% | 469M | |
| -14.17% | 440M | |
| -24.09% | 278M |
- Stock Market
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- Financials TSRC Corporation
