UMS announced a full year profit of $17m, compared to $27.6m before, which is pretty "disappointing" but the interesting thing is that the free cash flow is $29.3m, which is pretty impressive. In other words, the Company is highly cashflow positive. I once spoke to a veteran in the semiconductor space and he said that Free Cash Flows is more important in the tech sector than anything else.
The fully diluted EPS for FY2012 is 4.94 cents and at the current price of 44.5c, that will imply a PE multiple of about 9x. This probably indicates the company ...
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