Financials Avalue Technology Incorporation

Equities

3479

TW0003479002

Computer Hardware

End-of-day quote Taipei Exchange 06:00:00 2024-07-16 pm EDT 5-day change 1st Jan Change
103.5 TWD -0.48% Intraday chart for Avalue Technology Incorporation +1.47% -13.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 5,359 3,893 4,009 5,789 8,623 7,495
Enterprise Value (EV) 1 5,359 3,893 4,009 5,789 8,623 7,495
P/E ratio 11.8 x - 19.6 x 10.5 x 14.3 x 10.6 x
Yield - - - - - -
Capitalization / Revenue - 0.83 x - 0.73 x 1.05 x 0.87 x
EV / Revenue - 0.83 x - 0.73 x 1.05 x 0.87 x
EV / EBITDA - - - - - -
EV / FCF - - - 20,154,499 x 8,686,273 x -
FCF Yield - - - 0% 0% -
Price to Book - - - - 2.73 x 1.96 x
Nbr of stocks (in thousands) 70,148 70,148 70,449 71,116 72,155 72,417
Reference price 2 76.40 55.50 56.90 81.40 119.5 103.5
Announcement Date 3/19/20 3/30/21 3/29/22 3/30/23 3/15/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net sales 1 - 4,689 - 7,881 8,235 8,624
EBITDA - - - - - -
EBIT 1 - 268 - 772.4 945 1,006
Operating Margin - 5.72% - 9.8% 11.48% 11.67%
Earnings before Tax (EBT) 1 - - - 839.6 986.1 1,073
Net income 1 460.1 - 206.4 560.1 602.6 704
Net margin - - - 7.11% 7.32% 8.16%
EPS 2 6.490 - 2.900 7.750 8.380 9.720
Free Cash Flow - - - 287.2 992.7 -
FCF margin - - - 3.64% 12.05% -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - 51.28% 164.74% -
Dividend per Share - - - - - -
Announcement Date 3/19/20 3/30/21 3/29/22 3/30/23 3/15/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 2,321 - 1,989 2,266 1,895 1,560 2,037 2,452 2,575
EBITDA - - - - - - - - - -
EBIT 1 - 255 - 217.6 283.2 172.2 121.8 241 302 318
Operating Margin - 10.99% - 10.94% 12.5% 9.09% 7.81% 11.83% 12.32% 12.35%
Earnings before Tax (EBT) 1 - 266.2 - 225.4 315.3 168.8 155.8 257 320 336
Net income 1 144.2 176.6 182.3 125.8 179.5 114.9 84.53 168 210 221
Net margin - 7.61% - 6.33% 7.92% 6.06% 5.42% 8.25% 8.56% 8.58%
EPS 2 1.990 2.440 2.510 1.730 2.490 1.580 1.140 2.320 2.900 3.050
Dividend per Share - - - - - - - - - -
Announcement Date 11/11/22 3/30/23 5/11/23 8/11/23 11/14/23 3/15/24 5/15/24 - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - 287 993 -
ROE (net income / shareholders' equity) - - - 21.6% 20.2% -
ROA (Net income/ Total Assets) - - - 11.2% 10.9% -
Assets 1 - - - 5,004 5,528 -
Book Value Per Share 2 - - - - 43.80 52.80
Cash Flow per Share - - - - - -
Capex - - - 64 94.9 -
Capex / Sales - - - 0.81% 1.15% -
Announcement Date 3/19/20 3/30/21 3/29/22 3/30/23 3/15/24 -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
103.5 TWD
Average target price
146 TWD
Spread / Average Target
+41.06%
Consensus
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