Altek Corp

Chart & Performance

D1W1MN

P/E

35.03

P/S

1.35

EPS

1.18

Div Yield, %

2.25%

Shrs. gr., 5y

0.43%

Rev. gr., 5y

-4.06%

Revenues

9.10b

-35.14%

Net income

351m

-23.15%

CFO

1.56b

+274.97%

Dividend

Sep 19, 20240.7 TWD/sh

Earnings

Mar 10, 2025

Profile

Altek Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of automobile camera, and medical and digital image technology application products. The company provides AI cameras and edge boxes, and PI cameras for home, banking and finance, hotel, retail, and industrial applications; imaging chips for image quality enhancement, face detection, etc.; and 3D sensing modules and solutions for robots, augmented reality/virtual reality devices, surveillance devices, and face payment systems. It offers automobile camera systems, including image assistance system/ mega pixel HD camera, IR camera, AVM, and ADAS for driver monitoring system; and medical imaging solutions, such as glucose meter, intelligent insulin delivery system, and disposable endoscope camera system. In addition, the company offers optical components; manufactures and sells digital still cameras and its accessories; research, development, manufacture, and sale of medical electronic equipment; wholesale, import, and export of digital cameras, digital video cameras, and related accessories; and research, design, and sales of imaging technologies, and electronic software and hardware. It operates in Asia, Europe, the United States, and Taiwan. The company was formerly known as Asia Imagination Corporation and changed its name to Altek Corporation in February 1997. The company was incorporated in 1996 and is headquartered in Hsinchu, Taiwan.

URL

https://www.altek.com.tw/

IPO date

Sep 10, 2002

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title TWD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title TWD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	9,099,248 -35.14%	14,028,161 54.40%	9,085,774 48.88%
Cost of revenue	8,740,241	13,584,873	8,853,396
Unusual Expense (Income)
NOPBT	359,007	443,288	232,378
NOPBT Margin	3.95%	3.16%	2.56%
Operating Taxes	193,809	181,066	117,111
Tax Rate	53.98%	40.85%	50.40%
NOPAT	165,198	262,222	115,267
Net income	350,988 -23.15%	456,742 103.24%	224,734 40.15%
Dividends	(276,728)	(190,401)	(134,249)
Dividend yield	2.65%	2.07%	1.04%
Proceeds from repurchase of equity		93,019	77,599
BB yield		-1.01%	-0.60%
Debt
Debt current	2,253,227	3,128,057	3,123,743
Long-term debt	1,145,827	207,344	223,145
Deferred revenue			135,035
Other long-term liabilities	170,724	177,951	43,092
Net debt	(5,362,643)	(2,799,933)	(3,505,688)
Cash flow
Cash from operating activities	1,559,084	415,790	(211,376)
CAPEX	(104,347)	(164,419)	(698,285)
Cash from investing activities	(708,975)	327,527	(24,512)
Cash from financing activities	(377,165)	(1,045,783)	327,474
FCF	791,601	(305,495)	(1,128,094)
Balance
Cash	6,188,963	5,712,228	5,498,898
Long term investments	2,572,734	423,106	1,353,678
Excess cash	8,306,735	5,433,926	6,398,287
Stockholders' equity	7,114,473	7,200,716	7,227,640
Invested Capital	5,445,896	7,099,716	6,320,599
ROIC	2.63%	3.91%	1.98%
ROCE	2.76%	3.40%	1.76%
EV
Common stock shares outstanding	279,234	277,489	270,711
Price	37.35 12.84%	33.10 -30.46%	47.60 40.83%
Market cap	10,429,390 13.55%	9,184,885 -28.72%	12,885,843 38.68%
EV	5,432,532	6,718,819	10,171,008
EBITDA	788,384	841,490	556,642
EV/EBITDA	6.89	7.98	18.27
Interest	64,116	42,187	25,852
Interest/NOPBT	17.86%	9.52%	11.12%