Financials Wah Lee Industrial Corporation

Equities

3010

TW0003010005

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
124 TWD -0.40% Intraday chart for Wah Lee Industrial Corporation +0.81% +25.76%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 11,477 13,074 17,586 25,254 19,778 23,272
Enterprise Value (EV) 1 18,532 21,320 26,109 33,900 28,851 30,605
P/E ratio 8.72 x 9.53 x 9.73 x 9.2 x 8.71 x 12.1 x
Yield 6.45% 5.84% 5.79% 6.36% 7.28% 5.27%
Capitalization / Revenue 0.22 x 0.24 x 0.3 x 0.36 x 0.27 x 0.35 x
EV / Revenue 0.35 x 0.39 x 0.44 x 0.48 x 0.39 x 0.46 x
EV / EBITDA 9.9 x 12.1 x 11.1 x 10 x 9.8 x 10.3 x
EV / FCF -6.12 x 22.8 x -693 x 181 x 59.2 x 17.6 x
FCF Yield -16.3% 4.38% -0.14% 0.55% 1.69% 5.68%
Price to Book 1.04 x 1.14 x 1.37 x 1.61 x 1.18 x 1.25 x
Nbr of stocks (in thousands) 236,018 236,018 236,018 236,018 236,018 236,020
Reference price 2 48.63 55.39 74.51 107.0 83.80 98.60
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/29/23 3/25/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 52,935 54,682 59,081 70,515 73,570 66,782
EBITDA 1 1,872 1,768 2,347 3,381 2,945 2,972
EBIT 1 1,747 1,574 2,108 3,119 2,608 2,625
Operating Margin 3.3% 2.88% 3.57% 4.42% 3.54% 3.93%
Earnings before Tax (EBT) 1 2,030 1,966 2,636 4,016 3,536 3,079
Net income 1 1,346 1,416 1,859 2,843 2,485 2,114
Net margin 2.54% 2.59% 3.15% 4.03% 3.38% 3.17%
EPS 2 5.578 5.814 7.657 11.64 9.623 8.130
Free Cash Flow 1 -3,028 934.7 -37.65 187.8 487.1 1,739
FCF margin -5.72% 1.71% -0.06% 0.27% 0.66% 2.6%
FCF Conversion (EBITDA) - 52.87% - 5.55% 16.54% 58.53%
FCF Conversion (Net income) - 66.02% - 6.6% 19.6% 82.29%
Dividend per Share 2 3.137 3.235 4.314 6.800 6.100 5.200
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/29/23 3/25/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 7,055 8,247 8,523 8,646 9,073 7,334
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.769 x 4.664 x 3.632 x 2.557 x 3.08 x 2.468 x
Free Cash Flow 1 -3,028 935 -37.6 188 487 1,739
ROE (net income / shareholders' equity) 12.3% 12.1% 14.5% 19.1% 15% 11.9%
ROA (Net income/ Total Assets) 3.69% 2.97% 3.6% 4.61% 3.43% 3.3%
Assets 1 36,463 47,660 51,625 61,731 72,456 64,011
Book Value Per Share 2 46.90 48.50 54.60 66.50 71.00 78.70
Cash Flow per Share 2 10.80 9.950 12.90 13.90 28.50 27.40
Capex 1 106 430 348 1,169 1,891 587
Capex / Sales 0.2% 0.79% 0.59% 1.66% 2.57% 0.88%
Announcement Date 4/1/19 3/31/20 3/31/21 3/31/22 3/29/23 3/25/24
1TWD in Million2TWD
Estimates
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