Financials Faraday Technology Corporation

Equities

3035

TW0003035002

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
295.5 TWD +5.91% Intraday chart for Faraday Technology Corporation -3.43% -17.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,993 12,651 59,403 35,418 88,732 76,993 - -
Enterprise Value (EV) 1 13,993 9,603 54,581 30,890 83,112 71,006 69,638 67,719
P/E ratio - - 51.5 x 14.6 x 55.9 x 45.8 x 25.7 x 16 x
Yield - - 1.38% 3.51% 1.26% 1.51% 2.11% 3.87%
Capitalization / Revenue 2.64 x 2.3 x 7.35 x 2.71 x 7.42 x 6.39 x 4.88 x 3.55 x
EV / Revenue 2.64 x 1.75 x 6.75 x 2.36 x 6.95 x 5.89 x 4.41 x 3.12 x
EV / EBITDA 16.7 x 16.5 x 30.2 x 9.1 x 33.8 x 29.7 x 16.8 x 10.8 x
EV / FCF 17.7 x 14.4 x 22.1 x 27.7 x 28.1 x 41.8 x 34.9 x 14 x
FCF Yield 5.66% 6.95% 4.52% 3.61% 3.56% 2.39% 2.87% 7.17%
Price to Book 2.69 x 2.01 x 7.58 x 4.12 x 9.31 x 7.31 x 6.18 x 4.99 x
Nbr of stocks (in thousands) 248,550 248,550 248,550 248,550 248,550 260,550 - -
Reference price 2 56.30 50.90 239.0 142.5 357.0 295.5 295.5 295.5
Announcement Date 2/12/20 1/26/21 2/22/22 2/21/23 2/20/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,306 5,495 8,085 13,065 11,966 12,050 15,791 21,686
EBITDA 1 836.3 582.8 1,807 3,394 2,457 2,393 4,145 6,276
EBIT 1 398.3 149 1,402 2,921 1,956 1,957 3,447 5,980
Operating Margin 7.51% 2.71% 17.34% 22.36% 16.34% 16.24% 21.83% 27.57%
Earnings before Tax (EBT) 1 - - 1,502 3,057 2,070 2,094 3,590 6,485
Net income 1 - - 1,156 2,455 1,589 1,621 2,800 4,863
Net margin - - 14.3% 18.79% 13.28% 13.45% 17.73% 22.42%
EPS 2 - - 4.640 9.770 6.390 6.447 11.48 18.51
Free Cash Flow 1 791.8 667.6 2,465 1,114 2,958 1,698 1,996 4,853
FCF margin 14.92% 12.15% 30.49% 8.53% 24.72% 14.09% 12.64% 22.38%
FCF Conversion (EBITDA) 94.67% 114.54% 136.42% 32.82% 120.36% 70.96% 48.16% 77.33%
FCF Conversion (Net income) - - 213.27% 45.39% 186.09% 104.77% 71.3% 99.79%
Dividend per Share 2 - - 3.300 5.000 4.500 4.455 6.249 11.44
Announcement Date 2/12/20 1/26/21 2/22/22 2/21/23 2/20/24 - - -
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 2,218 2,645 3,207 3,365 3,244 3,250 3,262 2,917 2,962 2,824 2,579 2,664 3,176 3,564 3,411
EBITDA 1 - - - - 859.9 770.8 763 535.2 564.4 594.9 490.6 561.7 730.3 946.6 -
EBIT 1 449.5 593.2 735.5 824.6 709.9 651.5 650.2 420.2 428.4 456.9 316.5 343.2 555.8 707.6 691.4
Operating Margin 20.27% 22.43% 22.94% 24.51% 21.88% 20.05% 19.93% 14.4% 14.46% 16.18% 12.28% 12.88% 17.5% 19.85% 20.27%
Earnings before Tax (EBT) 1 453.2 615.8 846.6 839.3 758.6 612.9 639.8 515.1 452.4 463.1 355.5 413.8 587.4 737.2 655
Net income 1 326.8 478.8 669.9 661.2 599 524.5 501.9 413.8 353.9 319.8 280.3 316.1 452.1 572.4 537
Net margin 14.74% 18.11% 20.89% 19.65% 18.47% 16.14% 15.39% 14.19% 11.95% 11.32% 10.87% 11.87% 14.24% 16.06% 15.74%
EPS 2 1.310 1.930 2.690 2.640 2.410 2.080 2.010 1.660 1.420 1.280 1.120 1.221 1.762 2.270 2.200
Dividend per Share 2 - - - - - - - - - - - - 3.198 - -
Announcement Date 10/26/21 2/22/22 4/26/22 7/26/22 10/25/22 2/21/23 4/25/23 7/25/23 10/24/23 2/20/24 4/23/24 - - - -
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 - 3,048 4,823 4,528 5,620 5,986 7,355 9,274
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 792 668 2,465 1,114 2,958 1,698 1,996 4,853
ROE (net income / shareholders' equity) 6.96% 4.47% 16.4% 29.9% 17.5% 16.2% 24.9% 34.3%
ROA (Net income/ Total Assets) 4.79% 3.37% 11.4% 19.2% 11.8% 11.3% 16.6% 27.8%
Assets 1 - - 10,118 12,774 13,465 14,373 16,918 17,493
Book Value Per Share 2 20.90 25.30 31.50 34.60 38.40 40.40 47.80 59.20
Cash Flow per Share 2 - - - 4.780 12.10 8.030 14.60 22.80
Capex 1 61.8 33.1 40.6 85.6 49.3 63.8 81.7 166
Capex / Sales 1.17% 0.6% 0.5% 0.65% 0.41% 0.53% 0.52% 0.77%
Announcement Date 2/12/20 1/26/21 2/22/22 2/21/23 2/20/24 - - -
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
BUY
Number of Analysts
10
Last Close Price
295.5 TWD
Average target price
351.4 TWD
Spread / Average Target
+18.92%
Consensus
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