Financials Choice Development, Inc.

Equities

9929

TW0009929000

Commercial Printing Services

End-of-day quote Taiwan S.E. 23:00:00 02/07/2024 BST 5-day change 1st Jan Change
16.05 TWD +1.58% Intraday chart for Choice Development, Inc. -2.43% -6.14%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,380 2,152 1,433 961.1 881.1 1,732
Enterprise Value (EV) 1 2,329 4,535 1,976 1,431 792.1 2,403
P/E ratio 44.3 x -8.62 x 1.68 x 205 x -10.6 x -16.4 x
Yield - - 2.83% - - -
Capitalization / Revenue 3.01 x 1.81 x 1.91 x 1.63 x 1.46 x 2.47 x
EV / Revenue 2.94 x 3.82 x 2.63 x 2.42 x 1.31 x 3.43 x
EV / EBITDA 47.6 x -15.6 x -22.1 x -14.5 x -7.16 x -74.1 x
EV / FCF -44.3 x -116 x 4.39 x -21.3 x -8.41 x 15.9 x
FCF Yield -2.26% -0.86% 22.8% -4.69% -11.9% 6.28%
Price to Book 2.17 x 2.34 x 1.34 x 0.97 x 1.02 x 2.13 x
Nbr of stocks (in thousands) 101,280 101,280 101,280 101,280 101,280 101,280
Reference price 2 23.50 21.25 14.15 9.490 8.700 17.10
Announcement Date 01/04/19 31/03/20 30/03/21 30/03/22 24/03/23 15/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 791.3 1,186 750 591.4 604.1 701.3
EBITDA 1 48.95 -290.3 -89.33 -98.89 -110.6 -32.41
EBIT 1 10.91 -320.6 -118.4 -123.9 -127.9 -44.87
Operating Margin 1.38% -27.03% -15.78% -20.95% -21.17% -6.4%
Earnings before Tax (EBT) 1 55.56 -367.1 975.2 2.844 -108.5 -140.1
Net income 1 53.73 -249.7 852.5 4.693 -82.84 -105.6
Net margin 6.79% -21.05% 113.66% 0.79% -13.71% -15.06%
EPS 2 0.5305 -2.466 8.417 0.0463 -0.8200 -1.043
Free Cash Flow 1 -52.59 -38.99 449.6 -67.12 -94.2 150.8
FCF margin -6.65% -3.29% 59.95% -11.35% -15.59% 21.5%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - 52.74% - - -
Dividend per Share - - 0.4000 - - -
Announcement Date 01/04/19 31/03/20 30/03/21 30/03/22 24/03/23 15/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 2,383 543 470 - 671
Net Cash position 1 50.7 - - - 89 -
Leverage (Debt/EBITDA) - -8.208 x -6.074 x -4.75 x - -20.7 x
Free Cash Flow 1 -52.6 -39 450 -67.1 -94.2 151
ROE (net income / shareholders' equity) 4.67% -34.5% 83.1% 0.11% -10.8% -15.9%
ROA (Net income/ Total Assets) 0.38% -6.6% -2.43% -3.69% -4.67% -1.56%
Assets 1 14,037 3,785 -35,030 -127.1 1,775 6,782
Book Value Per Share 2 10.80 9.090 10.50 9.830 8.560 8.030
Cash Flow per Share 2 3.930 2.700 1.840 1.730 1.490 2.940
Capex 1 9.14 19.2 14.6 5.27 6.9 0.44
Capex / Sales 1.15% 1.62% 1.95% 0.89% 1.14% 0.06%
Announcement Date 01/04/19 31/03/20 30/03/21 30/03/22 24/03/23 15/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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