Financials Ennoconn Corporation

Equities

6414

TW0006414006

Computer Hardware

End-of-day quote Taiwan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
332 TWD +0.30% Intraday chart for Ennoconn Corporation +4.73% +23.88%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,479 23,247 23,924 21,579 34,362 43,824 - -
Enterprise Value (EV) 1 28,741 30,316 32,867 31,264 39,009 29,905 37,314 43,881
P/E ratio 22.9 x 26 x 21.4 x 8.37 x 14.1 x 16.7 x 14.4 x -
Yield 1.62% 1.99% 2.96% - 4.26% 3.68% 4.3% 5.41%
Capitalization / Revenue 0.25 x 0.28 x 0.25 x 0.2 x 0.28 x 0.3 x 0.27 x 0.24 x
EV / Revenue 0.35 x 0.36 x 0.34 x 0.29 x 0.32 x 0.2 x 0.23 x 0.24 x
EV / EBITDA 4.64 x 4.57 x 5.16 x 4.47 x 4.86 x 2.84 x 3.03 x 3.27 x
EV / FCF 6.75 x 7.29 x -171 x -17.7 x 6.61 x 6.74 x 1,082 x -
FCF Yield 14.8% 13.7% -0.59% -5.64% 15.1% 14.8% 0.09% -
Price to Book 2.51 x 2.53 x 2.23 x 1.39 x 1.62 x 1.76 x 1.51 x 1.63 x
Nbr of stocks (in thousands) 91,062 92,617 101,157 106,037 128,216 132,000 - -
Reference price 2 224.9 251.0 236.5 203.5 268.0 332.0 332.0 332.0
Announcement Date 3/30/20 3/29/21 3/22/22 3/31/23 4/1/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 81,506 84,091 96,557 108,229 121,641 146,476 160,794 180,738
EBITDA 1 6,189 6,629 6,370 6,997 8,023 10,542 12,304 13,432
EBIT 1 3,377 3,674 3,193 3,083 5,206 6,834 8,673 10,326
Operating Margin 4.14% 4.37% 3.31% 2.85% 4.28% 4.67% 5.39% 5.71%
Earnings before Tax (EBT) 1 3,812 3,977 4,287 3,709 6,916 8,143 9,834 -
Net income 1 1,080 1,112 1,373 3,453 2,261 2,758 3,289 -
Net margin 1.33% 1.32% 1.42% 3.19% 1.86% 1.88% 2.05% -
EPS 2 9.833 9.640 11.05 24.32 19.01 19.86 23.10 -
Free Cash Flow 1 4,259 4,156 -192.4 -1,762 5,904 4,440 34.5 -
FCF margin 5.23% 4.94% -0.2% -1.63% 4.85% 3.03% 0.02% -
FCF Conversion (EBITDA) 68.83% 62.69% - - 73.59% 42.12% 0.28% -
FCF Conversion (Net income) 394.29% 373.93% - - 261.14% 160.98% 1.05% -
Dividend per Share 2 3.642 5.000 7.000 - 11.41 12.22 14.29 17.95
Announcement Date 3/30/20 3/29/21 3/22/22 3/31/23 4/1/24 - - -
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 23,414 30,147 24,272 26,839 32,161 24,956 28,491 28,962 29,963 34,225 31,730 34,205 38,495 42,451 34,306
EBITDA 1 - - - - - - - - - 6,040 2,211 2,583 3,009 3,402 -
EBIT 1 898.9 770.3 729.6 1,136 1,213 5.208 1,283 1,472 1,380 1,071 1,275 1,580 1,910 2,156 1,506
Operating Margin 3.84% 2.56% 3.01% 4.23% 3.77% 0.02% 4.5% 5.08% 4.61% 3.13% 4.02% 4.62% 4.96% 5.08% 4.39%
Earnings before Tax (EBT) 1 1,052 1,578 1,042 1,560 1,883 -775.4 1,560 2,283 1,982 1,091 1,562 1,901 2,246 2,470 1,694
Net income 1 363.5 511.1 313.8 441.3 652.2 2,046 492.4 579.8 762.6 426.1 525.2 612.2 782.1 874.6 514
Net margin 1.55% 1.7% 1.29% 1.64% 2.03% 8.2% 1.73% 2% 2.55% 1.24% 1.66% 1.79% 2.03% 2.06% 1.5%
EPS 2 3.040 3.670 2.970 3.240 4.660 14.04 3.470 4.100 6.020 3.100 4.095 4.669 5.648 5.999 -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/11/21 3/22/22 5/16/22 8/11/22 11/10/22 3/31/23 5/11/23 8/14/23 11/14/23 4/1/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,262 7,069 8,944 9,685 4,647 - - 56.6
Net Cash position 1 - - - - - 13,919 6,510 -
Leverage (Debt/EBITDA) 1.335 x 1.066 x 1.404 x 1.384 x 0.5792 x - - 0.004214 x
Free Cash Flow 1 4,259 4,156 -192 -1,762 5,904 4,440 34.5 -
ROE (net income / shareholders' equity) 14.6% 12.7% 13.6% 26.2% 12.1% 9.75% 11.5% 15.2%
ROA (Net income/ Total Assets) 1.32% 1.22% 1.42% 3.14% 1.84% 2.64% 3.28% -
Assets 1 82,034 91,094 96,947 109,895 123,039 104,378 100,386 -
Book Value Per Share 2 89.60 99.20 106.0 146.0 166.0 189.0 220.0 204.0
Cash Flow per Share 2 55.80 43.10 12.40 -5.210 49.20 40.40 65.40 76.80
Capex 1 982 1,160 1,786 1,023 1,470 1,516 1,609 -
Capex / Sales 1.21% 1.38% 1.85% 0.94% 1.21% 1.03% 1% -
Announcement Date 3/30/20 3/29/21 3/22/22 3/31/23 4/1/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
332 TWD
Average target price
391 TWD
Spread / Average Target
+17.77%
Consensus
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  4. Financials Ennoconn Corporation