Financials Giga-Byte Technology Co., Ltd.

Equities

2376

TW0002376001

Computer Hardware

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
295.5 TWD +1.72% Intraday chart for Giga-Byte Technology Co., Ltd. +1.03% +11.09%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 31,594 49,457 98,383 67,626 169,093 187,846 - -
Enterprise Value (EV) 1 20,685 32,599 77,211 50,190 144,722 177,581 172,570 170,879
P/E ratio 16.5 x 11.5 x 7.55 x 10.3 x 35.7 x 21.6 x 16.9 x -
Yield 4.43% 5.14% 7.72% 5.82% - 2.23% 3.12% 4.21%
Capitalization / Revenue 0.51 x 0.58 x 0.81 x 0.63 x 1.24 x 0.87 x 0.77 x 0.56 x
EV / Revenue 0.33 x 0.39 x 0.63 x 0.47 x 1.06 x 0.82 x 0.71 x 0.51 x
EV / EBITDA 9.63 x 6.63 x 5.09 x 7.63 x 25.5 x 16 x 11.7 x 8.16 x
EV / FCF 6.23 x 4.42 x 9.94 x 10.7 x 78.3 x -28.1 x 24 x -
FCF Yield 16.1% 22.6% 10.1% 9.35% 1.28% -3.56% 4.16% -
Price to Book 1.3 x 1.81 x 2.63 x 1.88 x 4.51 x 4.44 x 3.88 x 3.05 x
Nbr of stocks (in thousands) 635,689 635,689 632,689 634,984 635,689 635,689 - -
Reference price 2 49.70 77.80 155.5 106.5 266.0 295.5 295.5 295.5
Announcement Date 3/18/20 3/18/21 3/15/22 3/14/23 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 61,781 84,603 121,905 107,264 136,773 215,449 242,537 333,644
EBITDA 1 2,148 4,917 15,167 6,578 5,684 11,098 14,767 20,950
EBIT 1 1,447 4,218 14,487 5,845 4,895 10,250 13,687 20,280
Operating Margin 2.34% 4.99% 11.88% 5.45% 3.58% 4.76% 5.64% 6.08%
Earnings before Tax (EBT) 1 2,263 5,451 16,113 8,446 6,105 11,282 14,079 -
Net income 1 1,939 4,374 13,338 6,539 4,743 8,880 11,059 -
Net margin 3.14% 5.17% 10.94% 6.1% 3.47% 4.12% 4.56% -
EPS 2 3.020 6.790 20.60 10.29 7.460 13.67 17.45 -
Free Cash Flow 1 3,321 7,367 7,768 4,693 1,848 -6,326 7,177 -
FCF margin 5.37% 8.71% 6.37% 4.38% 1.35% -2.94% 2.96% -
FCF Conversion (EBITDA) 154.58% 149.82% 51.22% 71.34% 32.51% - 48.6% -
FCF Conversion (Net income) 171.23% 168.42% 58.24% 71.78% 38.97% - 64.9% -
Dividend per Share 2 2.200 4.000 12.00 6.200 - 6.598 9.226 12.46
Announcement Date 3/18/20 3/18/21 3/15/22 3/14/23 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 31,295 30,457 32,610 22,662 24,192 27,800 28,030 26,134 37,013 45,596 50,536 49,803 55,559 57,468 44,848
EBITDA 1 4,129 3,677 3,600 1,559 466.9 933.4 1,445 1,210 1,316 1,713 1,799 1,536 2,862 3,164 -
EBIT 1 3,961 3,498 3,450 1,382 275.7 737.2 1,280 982.4 1,117 1,516 2,186 2,315 2,734 2,932 2,430
Operating Margin 12.66% 11.49% 10.58% 6.1% 1.14% 2.65% 4.57% 3.76% 3.02% 3.32% 4.32% 4.65% 4.92% 5.1% 5.42%
Earnings before Tax (EBT) 1 4,586 3,985 3,935 1,762 1,528 1,221 1,344 1,284 1,843 1,633 2,442 2,536 3,184 3,119 2,556
Net income 1 3,591 3,700 3,067 981.7 1,169 1,321 1,025 889.5 1,479 1,350 1,904 1,935 2,520 2,542 1,964
Net margin 11.47% 12.15% 9.4% 4.33% 4.83% 4.75% 3.66% 3.4% 4% 2.96% 3.77% 3.89% 4.54% 4.42% 4.38%
EPS 2 5.530 5.810 4.730 1.530 1.820 2.070 1.590 1.400 2.310 2.120 2.879 2.962 3.856 4.004 3.294
Dividend per Share 2 - - - - - - - - - - - - 4.478 - -
Announcement Date 11/12/21 3/15/22 5/13/22 8/12/22 11/11/22 3/14/23 5/12/23 8/11/23 11/3/23 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 10,909 16,858 21,173 17,435 24,371 10,265 15,277 16,967
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 3,321 7,367 7,768 4,693 1,848 -6,326 7,177 -
ROE (net income / shareholders' equity) 8.02% 16.9% 41.1% 17.8% 12.9% 20.5% 24.3% 26.9%
ROA (Net income/ Total Assets) 5.28% 10% 22.5% 9.85% 6.51% 8.9% 11.5% -
Assets 1 36,723 43,569 59,304 66,375 72,861 99,771 95,875 -
Book Value Per Share 2 38.20 43.10 59.00 56.50 58.90 66.60 76.10 96.80
Cash Flow per Share 2 6.050 12.30 12.90 9.000 3.480 -5.110 3.530 -
Capex 1 566 534 587 1,122 417 895 877 -
Capex / Sales 0.92% 0.63% 0.48% 1.05% 0.3% 0.42% 0.36% -
Announcement Date 3/18/20 3/18/21 3/15/22 3/14/23 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
BUY
Number of Analysts
10
Last Close Price
295.5 TWD
Average target price
341.4 TWD
Spread / Average Target
+15.55%
Consensus
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  4. Financials Giga-Byte Technology Co., Ltd.