Financials Aten International Co., Ltd

Equities

6277

TW0006277007

Computer Hardware

End-of-day quote Taiwan S.E. 06:00:00 2024-05-21 pm EDT 5-day change 1st Jan Change
80.5 TWD -0.12% Intraday chart for Aten International Co., Ltd +0.25% +0.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 10,334 10,107 9,761 9,259 9,594 9,617 -
Enterprise Value (EV) 1 8,885 11,972 8,128 9,259 9,594 9,617 9,617
P/E ratio 14.3 x 6.88 x 15.6 x 12.7 x 17 x 14.3 x 11.5 x
Yield 6.13% - 6.36% - - - -
Capitalization / Revenue 2.05 x 2.1 x 1.89 x 1.71 x 1.86 x 1.83 x 1.69 x
EV / Revenue 2.05 x 2.1 x 1.89 x 1.71 x 1.86 x 1.83 x 1.69 x
EV / EBITDA 11.2 x 13.1 x 10.1 x 8.66 x 9.44 x 8.3 x 7.13 x
EV / FCF 17 x 214 x 5.85 x - 11.5 x 20.2 x -
FCF Yield 5.89% 0.47% 17.1% - 8.7% 4.94% -
Price to Book 2.43 x 2.11 x 2.08 x 1.92 x 2.02 x 1.9 x -
Nbr of stocks (in thousands) 119,471 119,471 119,471 119,471 119,471 119,471 -
Reference price 2 86.50 84.60 81.70 77.50 80.30 80.50 80.50
Announcement Date 3/10/20 3/10/21 3/10/22 3/16/23 3/1/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 5,033 4,824 5,164 5,403 5,156 5,264 5,687
EBITDA 1 926.1 771.4 968.4 1,069 1,016 1,159 1,349
EBIT 1 776.3 608.4 805.4 850.7 788 875.3 1,065
Operating Margin 15.43% 12.61% 15.6% 15.74% 15.28% 16.63% 18.73%
Earnings before Tax (EBT) 1 897.7 1,693 868.2 891.2 753.1 864.3 1,055
Net income 1 723.1 1,499 637.3 729.5 565.5 671 837
Net margin 14.37% 31.08% 12.34% 13.5% 10.97% 12.75% 14.72%
EPS 2 6.050 12.30 5.250 6.110 4.730 5.613 7.010
Free Cash Flow 1 608.2 47.34 1,668 - 834.2 475 -
FCF margin 12.08% 0.98% 32.3% - 16.18% 9.02% -
FCF Conversion (EBITDA) 65.67% 6.14% 172.21% - 82.13% 40.98% -
FCF Conversion (Net income) 84.11% 3.16% 261.68% - 147.51% 70.79% -
Dividend per Share 5.300 - 5.200 - - - -
Announcement Date 3/10/20 3/10/21 3/10/22 3/16/23 3/1/24 - -
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 1,441 1,233 1,290 1,368 1,513 1,385 1,235 1,217 1,319 1,175 1,256 1,361 1,473 1,304 1,378
EBITDA - - - - - - - - - - - - - - -
EBIT 1 227.9 174.4 173.9 235.5 266.9 260.5 166.5 167.9 193.1 152.2 190 237.5 275 203 246
Operating Margin 15.81% 14.15% 13.49% 17.22% 17.64% 18.81% 13.49% 13.79% 14.64% 12.96% 15.13% 17.45% 18.67% 15.57% 17.85%
Earnings before Tax (EBT) 1 260.8 179.4 186.3 258.7 266.9 253.3 140.8 168.5 190.6 152.1 188.5 234 277.5 198 243
Net income 1 191.7 135.6 162.1 203.9 227.9 190.5 112.8 123.7 138.5 110.6 147.5 174 223 147 200
Net margin 13.31% 11% 12.57% 14.91% 15.06% 13.76% 9.14% 10.17% 10.5% 9.41% 11.75% 12.78% 15.14% 11.27% 14.51%
EPS 2 1.570 1.120 1.360 1.710 1.910 1.590 0.9400 1.040 1.160 0.9200 1.235 1.455 1.865 1.230 1.670
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 3/10/22 5/6/22 8/5/22 11/4/22 3/16/23 5/9/23 8/10/23 11/9/23 3/1/24 5/15/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - 1,865 - - - - -
Net Cash position 1,449 - 1,633 - - - -
Leverage (Debt/EBITDA) - 2.417 x - - - - -
Free Cash Flow 1 608 47.3 1,668 - 834 475 -
ROE (net income / shareholders' equity) 16.5% 33.2% 13.5% 15.3% 11.8% 14.7% 16.2%
ROA (Net income/ Total Assets) 10.6% 21.2% 8.62% 9.96% 7.83% 10% 11.1%
Assets 1 6,851 7,074 7,393 7,322 7,220 6,703 7,554
Book Value Per Share 2 35.50 40.10 39.20 40.40 39.70 42.30 -
Cash Flow per Share - - - - - - -
Capex 1 102 294 529 89.4 229 90 90
Capex / Sales 2.03% 6.09% 10.24% 1.66% 4.44% 1.71% 1.58%
Announcement Date 3/10/20 3/10/21 3/10/22 3/16/23 3/1/24 - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
80.5 TWD
Average target price
88.9 TWD
Spread / Average Target
+10.43%
Consensus
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