Financials Aero Win Technology Corporation

Equities

8222

TW0008222001

Aerospace & Defense

End-of-day quote Taiwan S.E. 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
44.6 TWD +3.84% Intraday chart for Aero Win Technology Corporation +3.12% -5.51%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,134 1,275 922.3 1,015 1,783 3,237
Enterprise Value (EV) 1 1,268 1,380 1,070 1,153 1,868 3,499
P/E ratio 24 x 28.6 x -23.2 x -9.86 x 94.3 x 53.6 x
Yield 3.02% 2.42% - - - 0.64%
Capitalization / Revenue 1.46 x 1.65 x 2.32 x 2.89 x 3.97 x 4.73 x
EV / Revenue 1.64 x 1.79 x 2.69 x 3.28 x 4.16 x 5.12 x
EV / EBITDA 10.5 x 11.1 x 53.7 x -25.9 x 74.2 x 38.1 x
EV / FCF 15.5 x 30.3 x -79.4 x 26.4 x 85.4 x -16.8 x
FCF Yield 6.44% 3.3% -1.26% 3.78% 1.17% -5.97%
Price to Book 1.24 x 1.38 x 1.08 x 1.35 x 2.31 x 3.9 x
Nbr of stocks (in thousands) 68,544 68,547 68,574 68,574 68,574 68,574
Reference price 2 16.55 18.60 13.45 14.80 26.00 47.20
Announcement Date 2/27/19 2/27/20 2/26/21 3/9/22 2/20/23 2/27/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 774.5 771.1 397.1 351.5 449.5 683.8
EBITDA 1 121.3 124.2 19.94 -44.58 25.16 91.88
EBIT 1 41.56 45.15 -57 -107.3 -28.45 36.99
Operating Margin 5.37% 5.85% -14.35% -30.52% -6.33% 5.41%
Earnings before Tax (EBT) 1 58.32 55.61 -43.46 -103.4 18.92 60.63
Net income 1 47.78 44.59 -39.47 -102.9 18.92 60.63
Net margin 6.17% 5.78% -9.94% -29.29% 4.21% 8.87%
EPS 2 0.6900 0.6500 -0.5800 -1.501 0.2758 0.8800
Free Cash Flow 1 81.66 45.56 -13.47 43.64 21.88 -208.9
FCF margin 10.54% 5.91% -3.39% 12.42% 4.87% -30.54%
FCF Conversion (EBITDA) 67.31% 36.68% - - 86.97% -
FCF Conversion (Net income) 170.91% 102.17% - - 115.7% -
Dividend per Share 2 0.5000 0.4500 - - - 0.3000
Announcement Date 2/27/19 2/27/20 2/26/21 3/9/22 2/20/23 2/27/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 134 105 148 138 85.2 263
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.105 x 0.8432 x 7.409 x -3.104 x 3.387 x 2.86 x
Free Cash Flow 1 81.7 45.6 -13.5 43.6 21.9 -209
ROE (net income / shareholders' equity) 5.33% 4.86% -4.45% -12.8% 2.49% 7.58%
ROA (Net income/ Total Assets) 1.73% 1.89% -2.42% -4.91% -1.34% 1.61%
Assets 1 2,760 2,363 1,634 2,096 -1,408 3,761
Book Value Per Share 2 13.30 13.50 12.40 11.00 11.20 12.10
Cash Flow per Share 2 3.530 4.750 5.340 4.810 5.570 3.620
Capex 1 90.9 45.6 34.2 7.39 39.2 76
Capex / Sales 11.73% 5.91% 8.6% 2.1% 8.73% 11.11%
Announcement Date 2/27/19 2/27/20 2/26/21 3/9/22 2/20/23 2/27/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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