Financials RichWave Technology Corporation

Equities

4968

TW0004968003

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-07-16 pm EDT 5-day change 1st Jan Change
240 TWD +0.42% Intraday chart for RichWave Technology Corporation +4.12% +30.43%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,519 24,929 24,152 10,144 16,644 21,762 - -
Enterprise Value (EV) 1 10,519 24,085 24,152 9,415 15,979 21,273 21,201 21,253
P/E ratio - 28.9 x 52 x 181 x -74.8 x 107 x 33.9 x -
Yield - 1.01% - - - - 0.74% -
Capitalization / Revenue 3.83 x 4.66 x 4.54 x 2.96 x 5.58 x 5.41 x 4.07 x 3.27 x
EV / Revenue 3.83 x 4.5 x 4.54 x 2.75 x 5.35 x 5.29 x 3.97 x 3.19 x
EV / EBITDA 32.5 x 21.8 x 37.2 x 80.1 x -97.6 x 67.5 x 23.7 x 19 x
EV / FCF - 111 x - - -1,096 x -120 x 89.8 x -
FCF Yield - 0.9% - - -0.09% -0.83% 1.11% -
Price to Book 7.58 x 11.3 x - 4.28 x 7.56 x 9.1 x 7.15 x 6.08 x
Nbr of stocks (in thousands) 86,629 88,469 88,469 90,169 90,455 90,675 - -
Reference price 2 121.4 281.8 273.0 112.5 184.0 240.0 240.0 240.0
Announcement Date 2/26/20 2/24/21 2/24/22 2/23/23 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 2,750 5,350 5,316 3,429 2,985 4,024 5,341 6,663
EBITDA 1 323.5 1,105 649.1 117.6 -163.7 315.1 894.5 1,119
EBIT 1 244.9 1,008 533.6 -17.2 -299.7 165 748.6 1,006
Operating Margin 8.91% 18.84% 10.04% -0.5% -10.04% 4.1% 14.02% 15.09%
Earnings before Tax (EBT) 1 - 1,017 526.9 61.29 -278.2 250.5 922 -
Net income 1 - 866.2 465.5 55.06 -222.3 203 644.5 -
Net margin - 16.19% 8.76% 1.61% -7.45% 5.04% 12.07% -
EPS 2 - 9.764 5.250 0.6200 -2.460 2.240 7.085 -
Free Cash Flow 1 - 216.8 - - -14.58 -177 236 -
FCF margin - 4.05% - - -0.49% -4.4% 4.42% -
FCF Conversion (EBITDA) - 19.62% - - - - 26.38% -
FCF Conversion (Net income) - 25.02% - - - - 36.62% -
Dividend per Share 2 - 2.857 - - - - 1.770 -
Announcement Date 2/26/20 2/24/21 2/24/22 2/23/23 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
Net sales 1 813.9 862.7 876.5 896 794.2 637 738 738.4 871.3 860.7 894.5 1,018 1,155
EBITDA 1 -58.19 2.301 39.51 - - - -58.4 -48.76 96.48 43.2 51 84 130
EBIT 1 -88.7 -29.99 6.469 45.04 -38.72 -111.2 -94.32 -85.28 -8.96 0.342 8 46.5 88
Operating Margin -10.9% -3.48% 0.74% 5.03% -4.88% -17.45% -12.78% -11.55% -1.03% 0.04% 0.89% 4.57% 7.62%
Earnings before Tax (EBT) 1 -91.96 1.993 39.12 117.9 -97.68 -110.9 -70.14 -55.01 -42.19 34.95 32.5 71.5 110.5
Net income 1 -71.52 3.131 37.94 97.31 -83.32 -88.93 -54.46 -45.01 -33.89 27.76 27 58.5 90
Net margin -8.79% 0.36% 4.33% 10.86% -10.49% -13.96% -7.38% -6.1% -3.89% 3.23% 3.02% 5.75% 7.79%
EPS 2 -0.8000 0.0400 0.4300 1.090 -0.9400 -0.9900 -0.6000 -0.5000 -0.3700 0.3100 0.2950 0.6450 0.9950
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/24/22 4/28/22 7/28/22 10/27/22 2/23/23 4/28/23 7/27/23 10/26/23 2/29/24 4/25/24 - - -
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 - 844 - 729 665 489 561 510
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 217 - - -14.6 -177 236 -
ROE (net income / shareholders' equity) 15% 48.7% - 2.31% -9.72% 8.12% 23.3% 25.9%
ROA (Net income/ Total Assets) 8.94% 28.7% - - -6.71% 4.6% 18.7% -
Assets 1 - 3,022 - - 3,312 4,413 3,447 -
Book Value Per Share 2 16.00 24.90 - 26.30 24.30 26.40 33.60 39.50
Cash Flow per Share 2 - 3.220 - 4.180 0.9200 -0.1300 5.030 -
Capex 1 52.9 68.6 - 66 97.5 82 70.9 -
Capex / Sales 1.93% 1.28% - 1.92% 3.27% 2.04% 1.33% -
Announcement Date 2/26/20 2/24/21 2/24/22 2/23/23 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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
240 TWD
Average target price
237 TWD
Spread / Average Target
-1.25%
Consensus
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