Financials ASMedia Technology Inc.

Equities

5269

TW0005269005

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
1,900 TWD -5.94% Intraday chart for ASMedia Technology Inc. -3.80% +4.68%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 39,445 108,680 125,977 46,474 125,895 131,789 - -
Enterprise Value (EV) 1 37,544 106,109 124,275 45,216 123,964 125,944 123,164 120,150
P/E ratio 40.9 x 35.6 x 39.4 x 17.7 x 56.7 x 30.2 x 20.5 x 17.5 x
Yield 1.83% 1.53% 1.43% 2.99% - 1.8% 2.59% 3.36%
Capitalization / Revenue 10.5 x 15.6 x 21 x 8.86 x 19.7 x 14.8 x 11.2 x 8.58 x
EV / Revenue 10 x 15.2 x 20.7 x 8.62 x 19.4 x 14.1 x 10.5 x 7.82 x
EV / EBITDA 27.9 x 39.7 x 57 x 27.9 x 56.3 x 35.4 x 26.1 x 20.3 x
EV / FCF 29.1 x 48.2 x 96.1 x 28.7 x 40.1 x 31.7 x 22.9 x 20.2 x
FCF Yield 3.44% 2.08% 1.04% 3.48% 2.49% 3.16% 4.37% 4.95%
Price to Book 15.3 x 7.71 x 7.74 x 3.03 x 6.43 x 5.83 x 5.04 x 4.33 x
Nbr of stocks (in thousands) 60,038 69,223 69,218 69,365 69,364 69,362 - -
Reference price 2 657.0 1,570 1,820 670.0 1,815 1,900 1,900 1,900
Announcement Date 2/23/20 3/15/21 3/16/22 3/10/23 2/29/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,746 6,987 6,009 5,248 6,401 8,904 11,765 15,366
EBITDA 1 1,344 2,676 2,182 1,619 2,204 3,560 4,717 5,918
EBIT 1 1,169 2,473 1,938 1,301 1,823 3,078 4,481 6,064
Operating Margin 31.21% 35.39% 32.25% 24.78% 28.47% 34.57% 38.09% 39.46%
Earnings before Tax (EBT) 1 1,162 3,345 3,566 2,910 2,569 4,832 7,257 8,186
Net income 1 965.2 2,928 3,193 2,617 2,228 4,343 6,449 7,233
Net margin 25.77% 41.9% 53.14% 49.87% 34.81% 48.78% 54.82% 47.07%
EPS 2 16.08 44.16 46.23 37.86 32.03 62.89 92.81 108.5
Free Cash Flow 1 1,292 2,202 1,293 1,576 3,088 3,976 5,377 5,943
FCF margin 34.49% 31.52% 21.53% 30.02% 48.25% 44.66% 45.7% 38.68%
FCF Conversion (EBITDA) 96.1% 82.31% 59.28% 97.32% 140.15% 111.69% 113.99% 100.43%
FCF Conversion (Net income) 133.84% 75.21% 40.51% 60.2% 138.6% 91.56% 83.37% 82.16%
Dividend per Share 2 12.00 24.00 26.00 20.00 - 34.14 49.26 63.93
Announcement Date 2/23/20 3/15/21 3/16/22 3/10/23 2/29/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 1,172 1,463 1,440 1,337 1,008 1,399 1,558 1,734 1,711 1,948 2,046 2,434 2,536 2,372 2,753
EBITDA 1 384.3 492.3 479.7 409 238.1 411.4 493.4 558 740.9 776.5 809.8 1,054 1,141 1,044 1,166
EBIT 1 316.5 418.3 400.6 328.3 153.4 322.1 402 459.8 638.6 672 682.7 875.8 903.3 840 1,025
Operating Margin 27.01% 28.59% 27.83% 24.55% 15.22% 23.03% 25.81% 26.52% 37.33% 34.49% 33.36% 35.98% 35.62% 35.42% 37.24%
Earnings before Tax (EBT) 1 756.1 931.6 826.5 818.4 333.5 439.6 587.8 762.1 779.1 1,016 1,011 1,381 1,330 1,461 1,679
Net income 1 711 848.6 709.1 744.3 315.3 389.3 490 673.9 675 885.8 931.8 1,292 1,281 1,330 1,524
Net margin 60.67% 57.99% 49.25% 55.65% 31.28% 27.83% 31.46% 38.86% 39.45% 45.47% 45.54% 53.09% 50.52% 56.1% 55.34%
EPS 2 10.29 12.23 10.22 10.76 4.560 5.600 7.050 9.740 9.690 12.73 13.44 18.26 18.65 19.58 21.65
Dividend per Share 2 - - - - 20.00 - - - - - - - 33.22 - -
Announcement Date 3/16/22 5/12/22 8/10/22 11/11/22 3/10/23 5/12/23 8/11/23 11/10/23 2/29/24 5/9/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,901 2,571 1,702 1,259 1,931 5,845 8,625 11,638
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,292 2,202 1,293 1,576 3,088 3,976 5,377 5,943
ROE (net income / shareholders' equity) 39.3% 35.1% 21% 16.6% 12.8% 20.7% 26.2% 28.3%
ROA (Net income/ Total Assets) 28.9% 30.6% 19% 14.7% 11.3% 14.7% 17.8% 13.6%
Assets 1 3,335 9,571 16,813 17,865 19,722 29,536 36,180 53,294
Book Value Per Share 2 43.00 204.0 235.0 221.0 282.0 326.0 377.0 439.0
Cash Flow per Share 2 24.20 35.30 21.90 28.50 49.60 62.60 61.10 69.90
Capex 1 164 148 220 406 363 301 415 516
Capex / Sales 4.38% 2.11% 3.65% 7.74% 5.67% 3.38% 3.53% 3.36%
Announcement Date 2/23/20 3/15/21 3/16/22 3/10/23 2/29/24 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
1,900 TWD
Average target price
2,627 TWD
Spread / Average Target
+38.27%
Consensus
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