Financials Wiwynn Corporation

Equities

6669

TW0006669005

Computer Hardware

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2,325 TWD +3.33% Intraday chart for Wiwynn Corporation +0.43% +27.40%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 110,880 123,088 194,947 139,348 319,084 406,505 - -
Enterprise Value (EV) 1 107,925 110,650 202,977 122,556 288,916 378,051 377,107 380,540
P/E ratio 17.5 x 14.3 x 22.6 x 9.9 x 26.5 x 21.3 x 17 x -
Yield 3.62% 4.55% 2.24% 6.23% 2.29% 2.64% 3.28% 4.85%
Capitalization / Revenue 0.68 x 0.66 x 1.01 x 0.48 x 1.32 x 1.14 x 0.84 x 0.64 x
EV / Revenue 0.66 x 0.59 x 1.05 x 0.42 x 1.19 x 1.06 x 0.78 x 0.6 x
EV / EBITDA 12.9 x 9.51 x 17 x 6.59 x 17.1 x 14.4 x 11.3 x 8.6 x
EV / FCF 15.1 x 8.17 x -13.8 x 4.2 x 15.9 x 60.5 x 39.3 x -
FCF Yield 6.63% 12.2% -7.25% 23.8% 6.29% 1.65% 2.54% -
Price to Book 5.48 x 5.02 x 7.12 x 3.59 x 7.56 x 7.64 x 5.91 x 4.76 x
Nbr of stocks (in thousands) 174,614 174,841 174,841 174,841 174,841 174,841 - -
Reference price 2 635.0 704.0 1,115 797.0 1,825 2,325 2,325 2,325
Announcement Date 3/19/20 1/19/21 2/25/22 2/23/23 2/27/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 163,600 186,928 192,626 292,876 241,901 355,055 481,754 634,982
EBITDA 1 8,370 11,632 11,935 18,596 16,873 26,180 33,282 44,274
EBIT 1 8,160 11,242 11,387 17,834 15,871 24,651 31,399 41,545
Operating Margin 4.99% 6.01% 5.91% 6.09% 6.56% 6.94% 6.52% 6.54%
Earnings before Tax (EBT) 1 7,758 10,887 10,996 17,897 15,444 24,066 29,905 -
Net income 1 6,169 8,610 8,648 14,175 12,044 18,922 23,523 -
Net margin 3.77% 4.61% 4.49% 4.84% 4.98% 5.33% 4.88% -
EPS 2 36.23 49.25 49.28 80.49 68.88 109.2 137.0 -
Free Cash Flow 1 7,159 13,540 -14,723 29,212 18,175 6,244 9,592 -
FCF margin 4.38% 7.24% -7.64% 9.97% 7.51% 1.76% 1.99% -
FCF Conversion (EBITDA) 85.53% 116.39% - 157.09% 107.72% 23.85% 28.82% -
FCF Conversion (Net income) 116.04% 157.26% - 206.09% 150.91% 33% 40.78% -
Dividend per Share 2 23.00 32.00 25.00 49.64 41.86 61.33 76.33 112.9
Announcement Date 3/19/20 1/19/21 2/25/22 2/23/23 2/27/24 - - -
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 45,264 56,879 50,705 75,057 79,674 87,439 74,226 56,308 52,817 58,550 66,591 78,016 94,116 115,901 97,803
EBITDA 1 2,835 3,584 3,056 4,751 5,094 5,694 4,704 3,726 3,509 4,934 4,853 5,882 6,760 8,033 -
EBIT 1 2,699 3,420 2,907 4,582 4,877 5,469 4,481 3,492 3,252 4,646 4,659 5,563 6,442 7,725 6,056
Operating Margin 5.96% 6.01% 5.73% 6.1% 6.12% 6.25% 6.04% 6.2% 6.16% 7.93% 7% 7.13% 6.84% 6.67% 6.19%
Earnings before Tax (EBT) 1 2,575 3,310 2,972 4,516 5,446 4,963 4,164 3,558 3,264 4,458 4,653 5,442 6,238 7,592 5,401
Net income 1 2,027 2,614 2,346 3,563 4,316 3,950 3,298 2,616 2,615 3,515 3,650 4,203 4,967 6,003 4,260
Net margin 4.48% 4.6% 4.63% 4.75% 5.42% 4.52% 4.44% 4.65% 4.95% 6% 5.48% 5.39% 5.28% 5.18% 4.36%
EPS 2 11.56 14.86 13.38 20.31 24.57 22.33 18.86 14.96 14.92 20.10 20.70 24.05 28.41 34.33 27.30
Dividend per Share 2 - - - - - - - - - - - - 42.00 - -
Announcement Date 11/3/21 2/25/22 5/3/22 8/2/22 11/3/22 2/23/23 5/9/23 8/7/23 11/6/23 2/27/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 8,029 - - - - -
Net Cash position 1 2,955 12,438 - 16,792 30,168 28,453 29,398 25,965
Leverage (Debt/EBITDA) - - 0.6728 x - - - - -
Free Cash Flow 1 7,159 13,540 -14,723 29,212 18,175 6,244 9,592 -
ROE (net income / shareholders' equity) 39.8% 38.5% 33.3% 42.9% 29.7% 38.7% 38.7% 39.2%
ROA (Net income/ Total Assets) 16.2% 16.7% 12.4% 16.3% 13.6% 19% 19.3% -
Assets 1 38,176 51,436 69,731 86,788 88,842 99,829 121,955 -
Book Value Per Share 2 116.0 140.0 157.0 222.0 242.0 304.0 393.0 489.0
Cash Flow per Share 2 46.40 80.20 -81.00 174.0 131.0 107.0 103.0 183.0
Capex 1 747 553 511 1,466 4,886 3,115 2,954 -
Capex / Sales 0.46% 0.3% 0.27% 0.5% 2.02% 0.88% 0.61% -
Announcement Date 3/19/20 1/19/21 2/25/22 2/23/23 2/27/24 - - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
2,325 TWD
Average target price
2,693 TWD
Spread / Average Target
+15.81%
Consensus
  1. Stock Market
  2. Equities
  3. 6669 Stock
  4. Financials Wiwynn Corporation