Financials Orient Semiconductor Electronics, Limited

Equities

2329

TW0002329000

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
56.3 TWD +0.90% Intraday chart for Orient Semiconductor Electronics, Limited -2.76% +3.30%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,517 8,202 8,383 14,719 9,746 30,265
Enterprise Value (EV) 1 11,968 11,593 9,755 14,248 7,869 27,729
P/E ratio -58.4 x 14 x -31.2 x 12.9 x 9.06 x 21.5 x
Yield - 1.01% - 3.77% 4.84% 2.18%
Capitalization / Revenue 0.43 x 0.47 x 0.61 x 0.92 x 0.63 x 1.81 x
EV / Revenue 0.79 x 0.66 x 0.7 x 0.89 x 0.51 x 1.66 x
EV / EBITDA 11.2 x 5.18 x 7.81 x 4.52 x 3.13 x 9.24 x
EV / FCF -110 x 6 x 41.6 x 10.4 x 6.47 x 32.5 x
FCF Yield -0.91% 16.7% 2.4% 9.61% 15.5% 3.08%
Price to Book 1.18 x 1.36 x 1.45 x 2.05 x 1.23 x 3.2 x
Nbr of stocks (in thousands) 552,329 552,329 557,043 555,432 555,330 555,330
Reference price 2 11.80 14.85 15.05 26.50 17.55 54.50
Announcement Date 3/29/19 3/30/20 3/15/21 3/1/22 3/3/23 2/27/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 15,188 17,515 13,852 15,948 15,532 16,690
EBITDA 1 1,071 2,237 1,249 3,152 2,518 3,001
EBIT 1 -406.1 776.5 -186 1,876 1,433 2,074
Operating Margin -2.67% 4.43% -1.34% 11.76% 9.23% 12.43%
Earnings before Tax (EBT) 1 -362.5 736.6 -243.2 1,939 1,768 2,218
Net income 1 -111.5 588 -266.1 1,531 1,449 1,881
Net margin -0.73% 3.36% -1.92% 9.6% 9.33% 11.27%
EPS 2 -0.2020 1.060 -0.4817 2.059 1.936 2.537
Free Cash Flow 1 -108.4 1,932 234.4 1,370 1,217 854.3
FCF margin -0.71% 11.03% 1.69% 8.59% 7.83% 5.12%
FCF Conversion (EBITDA) - 86.37% 18.77% 43.47% 48.32% 28.47%
FCF Conversion (Net income) - 328.57% - 89.5% 83.98% 45.41%
Dividend per Share - 0.1500 - 1.000 0.8500 1.189
Announcement Date 3/29/19 3/30/20 3/15/21 3/1/22 3/3/23 2/27/24
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
Net sales 1 - 3,596 3,253 - 4,702 4,736 4,176
EBITDA - - - - - - -
EBIT 1 - 265.5 101 - 708.9 845.5 518.2
Operating Margin - 7.38% 3.1% - 15.08% 17.85% 12.41%
Earnings before Tax (EBT) - - - - - - -
Net income 432.8 - - 514.4 - - -
Net margin - - - - - - -
EPS 0.5800 - - 0.7000 - - -
Dividend per Share - - - - - - -
Announcement Date 10/27/22 2/23/23 4/28/23 8/1/23 10/25/23 2/16/24 4/24/24
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,450 3,391 1,371 - - -
Net Cash position 1 - - - 471 1,877 2,537
Leverage (Debt/EBITDA) 5.09 x 1.516 x 1.098 x - - -
Free Cash Flow 1 -108 1,932 234 1,370 1,217 854
ROE (net income / shareholders' equity) -2% 10.2% -3.89% 18.5% 15.5% 17.9%
ROA (Net income/ Total Assets) -1.52% 2.97% -0.76% 7.44% 5.27% 7.32%
Assets 1 7,353 19,809 34,796 20,577 27,464 25,696
Book Value Per Share 2 9.960 10.90 10.40 12.90 14.30 17.10
Cash Flow per Share 2 1.380 3.050 3.310 4.900 7.110 7.040
Capex 1 773 728 482 1,053 1,092 859
Capex / Sales 5.09% 4.16% 3.48% 6.6% 7.03% 5.15%
Announcement Date 3/29/19 3/30/20 3/15/21 3/1/22 3/3/23 2/27/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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