Financials Mosel Vitelic Inc.

Equities

2342

TW0002342003

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-05-16 pm EDT 5-day change 1st Jan Change
31.5 TWD 0.00% Intraday chart for Mosel Vitelic Inc. +3.45% -10.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,080 3,174 6,037 7,753 5,793 5,465
Enterprise Value (EV) 1 1,989 2,638 5,390 5,800 3,691 4,071
P/E ratio 13 x -7.93 x 27.4 x 31.6 x 10.7 x -31.2 x
Yield 1.36% - 1.29% 1.01% 5.39% -
Capitalization / Revenue 1.66 x 2.34 x 3.27 x 3.97 x 2.69 x 3.69 x
EV / Revenue 1.07 x 1.94 x 2.92 x 2.97 x 1.72 x 2.74 x
EV / EBITDA 12.6 x -32.6 x 21.9 x 19.8 x 9.17 x -31.6 x
EV / FCF 15.4 x -19.4 x 70.6 x 18.3 x 13.8 x -11 x
FCF Yield 6.47% -5.15% 1.42% 5.47% 7.27% -9.06%
Price to Book 1.33 x 1.64 x 2.8 x 3.35 x 2.18 x 2.35 x
Nbr of stocks (in thousands) 155,142 156,342 156,186 156,157 156,157 156,157
Reference price 2 19.85 20.30 38.65 49.65 37.10 35.00
Announcement Date 4/1/19 3/30/20 3/31/21 3/14/22 3/31/23 3/15/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,853 1,358 1,846 1,952 2,152 1,483
EBITDA 1 157.4 -80.99 246.2 292.5 402.5 -128.8
EBIT 1 126.1 -109.5 218.3 261.1 358.3 -195.6
Operating Margin 6.81% -8.06% 11.83% 13.38% 16.65% -13.19%
Earnings before Tax (EBT) 1 185.5 -396.9 219.5 248.1 554.8 -176.5
Net income 1 177.2 -396.6 220.1 245.2 550.2 -175.4
Net margin 9.57% -29.22% 11.93% 12.56% 25.57% -11.83%
EPS 2 1.530 -2.560 1.410 1.570 3.480 -1.123
Free Cash Flow 1 128.8 -135.8 76.32 317.4 268.4 -368.7
FCF margin 6.95% -10% 4.14% 16.26% 12.48% -24.86%
FCF Conversion (EBITDA) 81.78% - 30.99% 108.54% 66.68% -
FCF Conversion (Net income) 72.65% - 34.67% 129.44% 48.78% -
Dividend per Share 2 0.2700 - 0.5000 0.5000 2.000 -
Announcement Date 4/1/19 3/30/20 3/31/21 3/14/22 3/31/23 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
Net sales 1 - 530.1 524.9 - 552.9 498.7 391.5 371.5
EBITDA - - - - - - - -
EBIT 1 - 94.63 80.68 - 97.74 76.98 -37.6 -18.05
Operating Margin - 17.85% 15.37% - 17.68% 15.44% -9.6% -4.86%
Earnings before Tax (EBT) - - - - - - - -
Net income 94.97 - - 168.3 - - - -
Net margin - - - - - - - -
EPS 0.6100 - - 1.070 - - - -
Dividend per Share - - - - - - - -
Announcement Date 11/12/21 3/14/22 5/11/22 8/11/22 11/10/22 3/31/23 5/15/23 8/14/23
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,091 536 646 1,954 2,102 1,395
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 129 -136 76.3 317 268 -369
ROE (net income / shareholders' equity) 10.1% -18.5% 10.6% 11% 22.1% -6.99%
ROA (Net income/ Total Assets) 2.48% -2.12% 4.78% 4.75% 5.53% -3.22%
Assets 1 7,148 18,667 4,603 5,165 9,945 5,453
Book Value Per Share 2 14.90 12.40 13.80 14.80 17.00 14.90
Cash Flow per Share 2 11.60 4.390 4.070 3.070 11.40 6.290
Capex 1 31.3 110 133 145 130 155
Capex / Sales 1.69% 8.12% 7.22% 7.43% 6.02% 10.45%
Announcement Date 4/1/19 3/30/20 3/31/21 3/14/22 3/31/23 3/15/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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