Financials Welltend Technology Corporation

Equities

3021

TW0003021002

Electronic Equipment & Parts

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
22.3 TWD +0.45% Intraday chart for Welltend Technology Corporation 0.00% +10.67%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,385 1,493 1,418 2,376 1,918 1,932
Enterprise Value (EV) 1 1,418 1,481 1,586 2,695 2,151 1,844
P/E ratio 11.1 x 11 x 15 x 18.3 x 10.5 x 15 x
Yield 5.19% 2.54% 4.59% 1.17% 3.5% 1.49%
Capitalization / Revenue 0.58 x 0.59 x 0.52 x 0.7 x 0.49 x 0.64 x
EV / Revenue 0.6 x 0.59 x 0.58 x 0.8 x 0.55 x 0.62 x
EV / EBITDA 6.99 x 6.44 x 7.4 x 9.59 x 6.28 x 7.87 x
EV / FCF -5,919 x 6.33 x -16.3 x -65.2 x 25.4 x 4.76 x
FCF Yield -0.02% 15.8% -6.15% -1.53% 3.94% 21%
Price to Book 1.14 x 1.22 x 1.13 x 1.87 x 1.29 x 1.26 x
Nbr of stocks (in thousands) 98,688 97,658 95,790 95,790 95,890 95,890
Reference price 2 14.03 15.29 14.81 24.81 20.00 20.15
Announcement Date 3/29/19 3/27/20 3/30/21 3/28/22 3/29/23 3/13/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,374 2,511 2,717 3,373 3,908 2,997
EBITDA 1 202.7 229.9 214.2 281.1 342.6 234.3
EBIT 1 161.5 181.5 170.6 236.1 293.9 182.1
Operating Margin 6.8% 7.23% 6.28% 7% 7.52% 6.08%
Earnings before Tax (EBT) 1 177.2 189.2 148.6 211.7 311.9 187.4
Net income 1 124.6 136.4 95.98 130.7 184.2 128.6
Net margin 5.25% 5.43% 3.53% 3.88% 4.71% 4.29%
EPS 2 1.262 1.388 0.9903 1.359 1.910 1.340
Free Cash Flow 1 -0.2395 233.8 -97.53 -41.33 84.7 387.7
FCF margin -0.01% 9.31% -3.59% -1.23% 2.17% 12.94%
FCF Conversion (EBITDA) - 101.68% - - 24.72% 165.46%
FCF Conversion (Net income) - 171.38% - - 45.99% 301.53%
Dividend per Share 2 0.7282 0.3884 0.6796 0.2913 0.7000 0.3000
Announcement Date 3/29/19 3/27/20 3/30/21 3/28/22 3/29/23 3/13/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 33 - 167 319 233 -
Net Cash position 1 - 12.4 - - - 88.5
Leverage (Debt/EBITDA) 0.163 x - 0.7814 x 1.135 x 0.6806 x -
Free Cash Flow 1 -0.24 234 -97.5 -41.3 84.7 388
ROE (net income / shareholders' equity) 10.5% 11.3% 7.76% 10.4% 13.4% 8.52%
ROA (Net income/ Total Assets) 4.69% 4.84% 4.14% 5.36% 6.26% 3.79%
Assets 1 2,658 2,821 2,318 2,439 2,943 3,397
Book Value Per Share 2 12.30 12.50 13.10 13.20 15.50 16.00
Cash Flow per Share 2 5.040 6.520 5.920 4.310 5.530 8.630
Capex 1 47.6 40 181 43.9 46.1 40.6
Capex / Sales 2.01% 1.59% 6.65% 1.3% 1.18% 1.35%
Announcement Date 3/29/19 3/27/20 3/30/21 3/28/22 3/29/23 3/13/24
1TWD in Million2TWD
Estimates
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