Financials ASUSTeK Computer Inc.

Equities

2357

TW0002357001

Computer Hardware

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
419 TWD +1.70% Intraday chart for ASUSTeK Computer Inc. +1.33% -14.40%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 171,949 186,061 279,278 199,431 363,581 311,217 - -
Enterprise Value (EV) 1 93,011 114,674 220,217 178,961 300,755 243,486 238,319 256,698
P/E ratio 14.2 x 7.09 x 6.35 x 13.6 x 22.9 x 14.2 x 12.5 x -
Yield 6.05% 10.4% 11.2% 5.59% 3.47% 4.58% 5.39% 8%
Capitalization / Revenue 0.49 x 0.45 x 0.52 x 0.37 x 0.75 x 0.56 x 0.5 x 0.4 x
EV / Revenue 0.26 x 0.28 x 0.41 x 0.33 x 0.62 x 0.44 x 0.38 x 0.33 x
EV / EBITDA 6.55 x 4.04 x 4.16 x 11.5 x 21.6 x 9.93 x 8.51 x 6.83 x
EV / FCF 3.35 x -24.6 x 7.22 x -10.4 x 5.97 x -89.1 x 14.8 x -
FCF Yield 29.9% -4.06% 13.9% -9.64% 16.8% -1.12% 6.76% -
Price to Book 0.97 x 0.92 x 1.2 x 0.94 x 1.52 x 1.33 x 1.28 x -
Nbr of stocks (in thousands) 742,760 742,760 742,760 742,760 742,760 742,760 - -
Reference price 2 231.5 250.5 376.0 268.5 489.5 419.0 419.0 419.0
Announcement Date 3/17/20 3/17/21 3/16/22 3/12/23 3/15/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 351,330 412,780 535,239 537,192 482,314 554,895 624,042 785,525
EBITDA 1 14,190 28,361 52,914 15,603 13,935 24,527 28,017 37,593
EBIT 1 11,617 24,957 49,326 12,982 11,164 21,283 26,271 34,606
Operating Margin 3.31% 6.05% 9.22% 2.42% 2.31% 3.84% 4.21% 4.41%
Earnings before Tax (EBT) 1 19,304 33,120 59,089 21,616 22,094 30,865 34,387 -
Net income 1 12,139 26,558 44,550 14,691 15,928 22,622 25,470 -
Net margin 3.46% 6.43% 8.32% 2.73% 3.3% 4.08% 4.08% -
EPS 2 16.25 35.35 59.21 19.78 21.36 29.58 33.41 -
Free Cash Flow 1 27,799 -4,659 30,513 -17,245 50,399 -2,732 16,112 -
FCF margin 7.91% -1.13% 5.7% -3.21% 10.45% -0.49% 2.58% -
FCF Conversion (EBITDA) 195.91% - 57.67% - 361.66% - 57.51% -
FCF Conversion (Net income) 229.02% - 68.49% - 316.41% - 63.26% -
Dividend per Share 2 14.00 26.00 42.00 15.00 17.00 19.18 22.58 33.54
Announcement Date 3/17/20 3/17/21 3/16/22 3/12/23 3/15/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 139,093 151,904 138,423 126,922 144,771 127,076 111,398 115,704 135,052 120,161 121,718 124,366 152,686 155,470 141,945
EBITDA 1 12,728 13,327 11,325 3,394 - -3,598 -2,465 2,402 9,752 4,246 3,464 4,190 7,152 7,386 -
EBIT 1 11,459 12,907 10,676 2,750 3,822 -4,266 -3,121 1,714 9,046 3,525 3,539 4,156 7,546 6,706 6,959
Operating Margin 8.24% 8.5% 7.71% 2.17% 2.64% -3.36% -2.8% 1.48% 6.7% 2.93% 2.91% 3.34% 4.94% 4.31% 4.9%
Earnings before Tax (EBT) 1 15,800 14,783 13,711 3,244 8,035 -3,374 -1,429 3,135 14,133 6,255 5,138 5,238 11,508 8,088 8,386
Net income 1 11,330 12,058 10,430 1,896 6,189 -3,823 -1,682 2,586 11,097 3,927 3,842 3,930 8,869 6,120 6,201
Net margin 8.15% 7.94% 7.53% 1.49% 4.27% -3.01% -1.51% 2.24% 8.22% 3.27% 3.16% 3.16% 5.81% 3.94% 4.37%
EPS 2 15.11 15.98 13.87 2.550 8.270 -5.150 -2.260 3.480 14.89 5.280 4.852 5.213 11.81 8.240 8.350
Dividend per Share 2 - - - - - - - - - - - - 19.96 - -
Announcement Date 11/10/21 3/16/22 5/11/22 8/11/22 11/11/22 3/12/23 5/12/23 8/11/23 11/13/23 3/15/24 - - - - -
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 78,938 71,388 59,061 20,470 62,826 67,731 72,898 54,518
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 27,799 -4,659 30,513 -17,245 50,399 -2,732 16,112 -
ROE (net income / shareholders' equity) 7.18% 14% 20.5% 6.61% 7.04% 9.26% 10.2% -
ROA (Net income/ Total Assets) 3.5% 7.1% 9.89% 3.01% 3.35% 4.86% 5.5% -
Assets 1 347,085 374,263 450,335 487,661 475,627 465,954 463,431 -
Book Value Per Share 2 238.0 272.0 313.0 286.0 323.0 315.0 328.0 -
Cash Flow per Share 2 47.30 -2.790 43.30 -21.00 69.80 -2.420 10.10 -
Capex 1 7,528 2,566 2,178 1,524 1,688 1,736 1,631 -
Capex / Sales 2.14% 0.62% 0.41% 0.28% 0.35% 0.31% 0.26% -
Announcement Date 3/17/20 3/17/21 3/16/22 3/12/23 3/15/24 - - -
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
OUTPERFORM
Number of Analysts
13
Last Close Price
419 TWD
Average target price
477.3 TWD
Spread / Average Target
+13.92%
Consensus
  1. Stock Market
  2. Equities
  3. 2357 Stock
  4. Financials ASUSTeK Computer Inc.