Financials Zenitron Corporation

Equities

3028

TW0003028007

Semiconductors

End-of-day quote Taiwan S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
35.5 TWD -1.39% Intraday chart for Zenitron Corporation +1.43% +3.80%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,490 4,512 4,693 7,441 6,323 7,806
Enterprise Value (EV) 1 10,635 8,638 11,450 16,741 17,467 16,211
P/E ratio 11.1 x 19.6 x 9.98 x 8.84 x 9.55 x 17.7 x
Yield 8.1% 4.74% 8.66% 10.1% 10.1% 5.85%
Capitalization / Revenue 0.14 x 0.17 x 0.14 x 0.18 x 0.16 x 0.24 x
EV / Revenue 0.34 x 0.32 x 0.33 x 0.4 x 0.44 x 0.5 x
EV / EBITDA 14.6 x 20.8 x 25.2 x 15.4 x 14.1 x 17.1 x
EV / FCF -5.39 x 3.97 x -4.18 x -10.8 x -9.87 x 5.64 x
FCF Yield -18.6% 25.2% -23.9% -9.23% -10.1% 17.7%
Price to Book 1.03 x 1.02 x 0.98 x 1.41 x 1.15 x 1.38 x
Nbr of stocks (in thousands) 213,825 213,825 213,825 213,825 218,405 228,239
Reference price 2 21.00 21.10 21.95 34.80 28.95 34.20
Announcement Date 3/29/19 3/30/20 3/31/21 3/30/22 3/22/23 3/19/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 31,080 26,993 34,401 42,045 40,023 32,574
EBITDA 1 727.2 415 454.7 1,090 1,239 946.5
EBIT 1 694 385.6 427 1,064 1,215 922.4
Operating Margin 2.23% 1.43% 1.24% 2.53% 3.04% 2.83%
Earnings before Tax (EBT) 1 539.4 307.4 555.1 1,081 906.7 604.9
Net income 1 406.6 230.6 472 877.7 714.6 456
Net margin 1.31% 0.85% 1.37% 2.09% 1.79% 1.4%
EPS 2 1.890 1.078 2.200 3.938 3.031 1.930
Free Cash Flow 1 -1,973 2,174 -2,740 -1,545 -1,770 2,874
FCF margin -6.35% 8.05% -7.96% -3.68% -4.42% 8.82%
FCF Conversion (EBITDA) - 523.76% - - - 303.64%
FCF Conversion (Net income) - 942.64% - - - 630.31%
Dividend per Share 2 1.700 1.000 1.900 3.500 2.914 2.000
Announcement Date 3/29/19 3/30/20 3/31/21 3/30/22 3/22/23 3/19/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 6,145 4,126 6,757 9,300 11,144 8,405
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.45 x 9.942 x 14.86 x 8.532 x 8.993 x 8.879 x
Free Cash Flow 1 -1,973 2,174 -2,740 -1,545 -1,770 2,874
ROE (net income / shareholders' equity) 8.91% 5.26% 10.3% 17.4% 13.2% 8.08%
ROA (Net income/ Total Assets) 2.73% 1.56% 1.59% 3.24% 3.49% 2.69%
Assets 1 14,869 14,804 29,644 27,104 20,480 16,929
Book Value Per Share 2 20.40 20.60 22.50 24.80 25.30 24.80
Cash Flow per Share 2 6.380 5.610 7.840 7.550 6.290 6.390
Capex 1 14.5 16.6 13.7 8.53 12.4 9.33
Capex / Sales 0.05% 0.06% 0.04% 0.02% 0.03% 0.03%
Announcement Date 3/29/19 3/30/20 3/31/21 3/30/22 3/22/23 3/19/24
1TWD in Million2TWD
Estimates
  1. Stock Market
  2. Equities
  3. 3028 Stock
  4. Financials Zenitron Corporation