Financials WT Microelectronics Co., Ltd.

Equities

3036

TW0003036000

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
142.5 TWD -2.06% Intraday chart for WT Microelectronics Co., Ltd. -6.25% +26.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 24,853 37,198 58,631 53,984 99,821 126,438 -
Enterprise Value (EV) 1 24,853 37,198 58,631 105,777 109,890 134,209 123,878
P/E ratio - - 7.54 x 7.1 x 26.5 x 13.6 x 7.47 x
Yield - - - - 3.77% 3.13% 6.38%
Capitalization / Revenue 0.07 x 0.11 x - 0.09 x 0.17 x 0.15 x 0.13 x
EV / Revenue 0.07 x 0.11 x - 0.19 x 0.18 x 0.16 x 0.13 x
EV / EBITDA 4.48 x 6.61 x - 8.66 x 12.6 x 6.8 x 4.05 x
EV / FCF 9.01 x -21.1 x - -16.7 x 2.69 x 28.9 x 8.14 x
FCF Yield 11.1% -4.74% - -6% 37.1% 3.46% 12.3%
Price to Book 1.05 x 0.69 x - 1 x 1.4 x 2.08 x 1.61 x
Nbr of stocks (in thousands) 590,336 923,026 797,707 883,530 887,302 887,288 -
Reference price 2 42.10 40.30 73.50 61.10 112.5 142.5 142.5
Announcement Date 2/17/20 2/26/21 2/24/22 2/23/23 1/31/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 335,187 353,152 - 571,197 594,519 819,478 975,014
EBITDA 1 5,551 5,627 - 12,221 8,756 19,751 30,572
EBIT 1 5,253 5,316 - 11,783 8,200 18,665 29,336
Operating Margin 1.57% 1.51% - 2.06% 1.38% 2.28% 3.01%
Earnings before Tax (EBT) 1 - - - 9,911 5,195 13,768 24,890
Net income 1 - - 7,923 7,631 4,012 10,669 19,352
Net margin - - - 1.34% 0.67% 1.3% 1.98%
EPS 2 - - 9.750 8.610 4.240 10.51 19.09
Free Cash Flow 1 2,758 -1,762 - -6,349 40,800 4,645 15,216
FCF margin 0.82% -0.5% - -1.11% 6.86% 0.57% 1.56%
FCF Conversion (EBITDA) 49.68% - - - 465.98% 23.52% 49.77%
FCF Conversion (Net income) - - - - 1,016.94% 43.54% 78.62%
Dividend per Share 2 - - - - 4.240 4.460 9.090
Announcement Date 2/17/20 2/26/21 2/24/22 2/23/23 1/31/24 - -
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 1 119,105 - 127,943 130,121 155,669 157,465 120,103 117,460 167,260 189,696 178,946 177,431 230,957 232,144 240,759
EBITDA 1 - - - - - 2,763 2,115 2,177 2,402 2,061 2,777 2,728 5,919 6,191 -
EBIT 1 2,196 - 3,016 3,219 2,921 2,627 1,983 2,041 2,259 1,917 2,576 2,706 6,674 6,711 7,048
Operating Margin 1.84% - 2.36% 2.47% 1.88% 1.67% 1.65% 1.74% 1.35% 1.01% 1.44% 1.52% 2.89% 2.89% 2.93%
Earnings before Tax (EBT) 1 - - - - - 1,567 977.1 1,336 1,623 1,259 1,860 1,536 5,089 5,214 6,313
Net income 1 - 2,108 2,218 - - 1,148 723.3 965.1 1,280 1,044 1,462 1,210 3,953 4,043 4,983
Net margin - - 1.73% - - 0.73% 0.6% 0.82% 0.77% 0.55% 0.82% 0.68% 1.71% 1.74% 2.07%
EPS 2 - 2.590 2.740 - - 1.280 0.8200 0.7900 1.450 1.180 1.443 1.193 3.890 3.980 4.870
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/5/21 2/24/22 5/9/22 8/5/22 10/28/22 2/23/23 5/4/23 8/2/23 11/2/23 1/31/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - 51,793 10,068 7,771 -
Net Cash position 1 - - - - - - 2,561
Leverage (Debt/EBITDA) - - - 4.238 x 1.15 x 0.3934 x -
Free Cash Flow 1 2,758 -1,762 - -6,349 40,800 4,645 15,216
ROE (net income / shareholders' equity) 11.2% 10.9% - 14.1% 6.32% 15.6% 17.8%
ROA (Net income/ Total Assets) 2.59% 3.27% - 4.09% 1.72% 2.56% 4.52%
Assets 1 - - - 186,776 232,688 416,758 428,465
Book Value Per Share 2 40.10 58.50 - 61.20 80.10 68.40 88.30
Cash Flow per Share 2 - - - -7.060 45.70 14.70 15.60
Capex 1 110 106 - 310 228 320 336
Capex / Sales 0.03% 0.03% - 0.05% 0.04% 0.04% 0.03%
Announcement Date 2/17/20 2/26/21 2/24/22 2/23/23 1/31/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
142.5 TWD
Average target price
191.7 TWD
Spread / Average Target
+34.50%
Consensus
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