DAFENG TV LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 54.5 TWD | +0.55% |
|
+0.18% | +5.62% |
| 03-13 | Dafeng TV Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 03-04 | Dafeng Tv Ltd. Announces Resignation of Hsieh,Ying-Ju as Chief Internal Auditor | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,043 | 5,962 | 6,392 | 6,622 | 7,126 | 7,653 |
| Enterprise Value (EV) 1 | 5,442 | 6,523 | 5,987 | 6,911 | 6,978 | 7,745 |
| P/E ratio | 17.2 x | 11.9 x | 12.8 x | 12.7 x | 13.8 x | 14.7 x |
| Yield | 7.35% | 6.72% | 6.96% | 6.65% | 6.24% | 5.81% |
| Capitalization / Revenue | 2.55 x | 2.97 x | 3.19 x | 3.3 x | 3.54 x | 3.7 x |
| EV / Revenue | 2.76 x | 3.25 x | 2.99 x | 3.45 x | 3.47 x | 3.74 x |
| EV / EBITDA | 5.65 x | 6.01 x | 5.29 x | 6.72 x | 6.81 x | 7.51 x |
| EV / FCF | 5.91 x | 545 x | 6.42 x | 91.4 x | 9.32 x | 92.7 x |
| FCF Yield | 16.9% | 0.18% | 15.6% | 1.09% | 10.7% | 1.08% |
| Price to Book | 1.23 x | 1.42 x | 1.5 x | 1.53 x | 1.61 x | 1.7 x |
| Nbr of stocks (in thousands) | 148,312 | 148,312 | 148,312 | 148,312 | 148,312 | 148,312 |
| Reference price 2 | 34.00 | 40.20 | 43.10 | 44.65 | 48.05 | 51.60 |
| Announcement Date | 21/03/19 | 19/03/20 | 19/03/21 | 21/03/22 | 10/03/23 | 13/03/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,974 | 2,007 | 2,005 | 2,006 | 2,013 | 2,069 |
| EBITDA 1 | 963.7 | 1,085 | 1,131 | 1,028 | 1,024 | 1,031 |
| EBIT 1 | 489.5 | 614.9 | 661.2 | 594 | 632.4 | 627.9 |
| Operating Margin | 24.79% | 30.63% | 32.97% | 29.61% | 31.41% | 30.35% |
| Earnings before Tax (EBT) 1 | 472.3 | 606 | 633.3 | 571.2 | 626.6 | 637.2 |
| Net income 1 | 352 | 502.3 | 501.2 | 520.4 | 515.8 | 521.5 |
| Net margin | 17.83% | 25.03% | 25% | 25.94% | 25.62% | 25.21% |
| EPS 2 | 1.976 | 3.387 | 3.380 | 3.509 | 3.478 | 3.510 |
| Free Cash Flow 1 | 921.3 | 11.96 | 933.1 | 75.59 | 749 | 83.53 |
| FCF margin | 46.67% | 0.6% | 46.53% | 3.77% | 37.2% | 4.04% |
| FCF Conversion (EBITDA) | 95.61% | 1.1% | 82.48% | 7.36% | 73.12% | 8.1% |
| FCF Conversion (Net income) | 261.73% | 2.38% | 186.16% | 14.52% | 145.22% | 16.02% |
| Dividend per Share 2 | 2.500 | 2.700 | 3.000 | 2.970 | 3.000 | 3.000 |
| Announcement Date | 21/03/19 | 19/03/20 | 19/03/21 | 21/03/22 | 10/03/23 | 13/03/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 399 | 561 | - | 289 | - | 92.5 |
| Net Cash position 1 | - | - | 405 | - | 148 | - |
| Leverage (Debt/EBITDA) | 0.414 x | 0.5172 x | - | 0.2811 x | - | 0.0897 x |
| Free Cash Flow 1 | 921 | 12 | 933 | 75.6 | 749 | 83.5 |
| ROE (net income / shareholders' equity) | 7.9% | 12.1% | 11.8% | 12.1% | 11.8% | 11.7% |
| ROA (Net income/ Total Assets) | 3.11% | 4.14% | 5.33% | 4.92% | 5.14% | 5.38% |
| Assets 1 | 11,310 | 12,141 | 9,402 | 10,568 | 10,030 | 9,693 |
| Book Value Per Share 2 | 27.60 | 28.40 | 28.70 | 29.30 | 29.80 | 30.30 |
| Cash Flow per Share 2 | 30.20 | 15.00 | 16.90 | 15.00 | 16.60 | 9.650 |
| Capex 1 | 216 | 233 | 227 | 288 | 327 | 387 |
| Capex / Sales | 10.94% | 11.59% | 11.33% | 14.35% | 16.23% | 18.7% |
| Announcement Date | 21/03/19 | 19/03/20 | 19/03/21 | 21/03/22 | 10/03/23 | 13/03/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +5.62% | 249M | |
| -34.16% | 7.59B | |
| -38.96% | 1.05B | |
| -26.92% | 642M | |
| -30.25% | 592M | |
| -1.89% | 441M | |
| -27.67% | 373M | |
| -1.28% | 334M | |
| -14.80% | 278M | |
| -7.98% | 237M |
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