Financials Dah San Electric Wire & Cable Corp.

Equities

1615

TW0001615003

Electrical Components & Equipment

End-of-day quote Taiwan S.E. 23:00:00 30/05/2024 BST 5-day change 1st Jan Change
70.7 TWD +2.32% Intraday chart for Dah San Electric Wire & Cable Corp. +5.52% +60.68%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,767 1,997 3,076 4,451 4,272 7,204
Enterprise Value (EV) 1 2,023 2,445 3,948 4,584 4,601 7,597
P/E ratio 9.03 x 8.23 x 9.4 x 9.91 x 9.93 x 13.8 x
Yield 8.54% 5.6% 4.8% 6.19% 5.23% 3.27%
Capitalization / Revenue 0.52 x 0.63 x 0.97 x 0.98 x 0.96 x 1.46 x
EV / Revenue 0.6 x 0.78 x 1.25 x 1.01 x 1.04 x 1.54 x
EV / EBITDA 7.62 x 7.28 x 8.99 x 8.47 x 8.8 x 11.4 x
EV / FCF 34.6 x -20.6 x -10.4 x 6.89 x -112 x 218 x
FCF Yield 2.89% -4.85% -9.58% 14.5% -0.89% 0.46%
Price to Book 1.06 x 1.1 x 1.52 x 1.81 x 1.67 x 2.44 x
Nbr of stocks (in thousands) 163,723 163,723 163,723 163,723 163,723 163,723
Reference price 2 10.80 12.20 18.79 27.19 26.09 44.00
Announcement Date 27/03/19 30/03/20 24/03/21 25/03/22 29/03/23 15/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,369 3,147 3,166 4,525 4,433 4,945
EBITDA 1 265.6 335.7 439 541 522.9 663.6
EBIT 1 227.6 297.2 403.5 498.5 475.5 609
Operating Margin 6.75% 9.44% 12.74% 11.02% 10.73% 12.32%
Earnings before Tax (EBT) 1 237.1 304.7 414.2 516.3 538 643.6
Net income 1 196.6 244.3 328.8 451.3 431.6 525
Net margin 5.84% 7.76% 10.38% 9.97% 9.74% 10.62%
EPS 2 1.196 1.483 1.999 2.744 2.627 3.200
Free Cash Flow 1 58.41 -118.5 -378 665.4 -41.14 34.88
FCF margin 1.73% -3.77% -11.94% 14.71% -0.93% 0.71%
FCF Conversion (EBITDA) 21.99% - - 123% - 5.26%
FCF Conversion (Net income) 29.71% - - 147.44% - 6.64%
Dividend per Share 2 0.9224 0.6832 0.9019 1.684 1.364 1.440
Announcement Date 27/03/19 30/03/20 24/03/21 25/03/22 29/03/23 15/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 256 448 872 132 329 393
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.964 x 1.335 x 1.986 x 0.2444 x 0.6292 x 0.5926 x
Free Cash Flow 1 58.4 -118 -378 665 -41.1 34.9
ROE (net income / shareholders' equity) 12.1% 14.1% 17.1% 20.1% 17.2% 19%
ROA (Net income/ Total Assets) 5.95% 7.1% 8.11% 8.95% 8.15% 9.23%
Assets 1 3,307 3,440 4,052 5,044 5,294 5,686
Book Value Per Share 2 10.20 11.10 12.40 15.10 15.60 18.00
Cash Flow per Share 2 0.5000 0.3400 0.3900 1.410 0.4800 0.4500
Capex 1 44.7 63.2 482 108 125 104
Capex / Sales 1.33% 2.01% 15.21% 2.38% 2.83% 2.11%
Announcement Date 27/03/19 30/03/20 24/03/21 25/03/22 29/03/23 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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