FARGLORY FREE TRADE ZONE INVESTMENT HOLDING CO., LTD.

Cash flow Farglory Free Trade Zone Investment Holding Co., Ltd.

Equities

5607

TW0005607006

Air Freight & Logistics

End-of-day quote Taiwan S.E. Other stock markets 17/07/2025			5-day change	1st Jan Change
45.50 ^TWD	+1.79%		+7.44%	+7.18%

06-25	Farglory Free Trade Zone Investment Holding Co., Ltd. Announces Board Changes	CI
06-25	Farglory Free Trade Zone Investment Holding Co., Ltd. Announces Audit Committee and Compensation Committee Changes	CI

24240e56933e6f8a509ee064524ba221.HxvG__42ZSnruhC-cTjGu1C5G6ZPR24MHTfXtGMfkgs.LVKNyrhSIUa62WnWPgiS6Qr3XtR-H1hPWkOD51J34FlxKpedk1ATRICNZw

Published financial data: FARGLORY FREE TRADE ZONE INVESTMENT HOLDING CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.91B	2.54B	3.2B	2.91B	3.46B
Total Revenues	1.91B	2.54B	3.2B	2.91B	3.46B
Cost of Goods Sold, Total	853M	1.05B	1.26B	1.48B	1.83B
Gross Profit	1.05B	1.49B	1.94B	1.43B	1.64B
Selling General & Admin Expenses, Total	382M	448M	503M	483M	493M
Provision for Bad Debts	-2.5M	1.61M	-1.01M	-1.51M	1.13M
Other Operating Expenses, Total	379M	450M	502M	481M	494M
Operating Income	676M	1.04B	1.44B	949M	1.14B
Interest Expense, Total	-102M	-111M	-125M	-218M	-327M
Interest And Investment Income	14.74M	14.34M	37.94M	28.34M	8.98M
Net Interest Expenses	-86.82M	-96.44M	-86.75M	-190M	-318M
Income (Loss) On Equity Invest.	-	-	-113K	-85K	820K
Currency Exchange Gains (Loss)	-244K	-133K	-177K	-284K	-63K
Other Non Operating Income (Expenses)	-27K	-3.16M	-1.39M	7.23M	3.99M
EBT, Excl. Unusual Items	588M	936M	1.35B	766M	828M
Gain (Loss) On Sale Of Investments	8.01M	2.78M	3.34M	24K	12K
Gain (Loss) On Sale Of Assets	-	-	2K	-	-
Other Unusual Items	-	-18.02M	-	-	-
EBT, Incl. Unusual Items	596M	921M	1.35B	766M	828M
Income Tax Expense	8.34M	191M	153M	-127M	110M
Earnings From Continuing Operations	588M	730M	1.2B	892M	718M
Net Income to Company	588M	730M	1.2B	892M	718M
Minority Interest	-127M	-159M	-104M	-	-1.05M
Net Income - (IS)	461M	571M	1.1B	892M	717M
Net Income to Common Incl Extra Items	461M	571M	1.1B	892M	717M
Net Income to Common Excl. Extra Items	461M	571M	1.1B	892M	717M
Per Share Items
Net EPS - Basic	1.69	2.09	3.59	2.7	1.97
Basic EPS - Continuing Operations	1.69	2.09	3.59	2.7	1.97
Basic Weighted Average Shares Outstanding	273M	273M	305M	331M	363M
Net EPS - Diluted	1.68	2.09	3.59	2.69	1.97
Diluted EPS - Continuing Operations	1.68	2.09	3.59	2.69	1.97
Diluted Weighted Average Shares Outstanding	274M	273M	306M	331M	364M
Normalized Basic EPS	0.88	1.56	2.42	1.45	1.42
Normalized Diluted EPS	0.88	1.56	2.42	1.45	1.42
Dividend Per Share	1.01	1.35	1.01	0.83	1.1
Payout Ratio	49.87	48.34	37.23	36.85	42.23
Supplemental Items
EBITDA	913M	1.3B	1.73B	1.44B	1.9B
EBITA	682M	1.04B	1.45B	958M	1.15B
EBIT	676M	1.04B	1.44B	949M	1.14B
EBITDAR	923M	1.32B	1.74B	1.45B	1.91B
Effective Tax Rate - (Ratio)	1.4	20.73	11.29	-16.53	13.29
Current Domestic Taxes	72.69M	118M	172M	111M	98.03M
Total Current Taxes	72.69M	118M	172M	111M	98.03M
Deferred Domestic Taxes	-64.35M	72.4M	-19.2M	-238M	11.98M
Total Deferred Taxes	-64.35M	72.4M	-19.2M	-238M	11.98M
Normalized Net Income	241M	426M	739M	479M	516M
Interest Capitalized	13.66M	34.27M	97.06M	108M	25.29M
Interest on Long-Term Debt	82.66M	68.91M	70.53M	65.84M	72.26M
Non-Cash Pension Expense	1.01M	943K	852K	550K	514K
Supplemental Operating Expense Items
Selling and Marketing Expenses	102M	128M	128M	106M	101M
General and Administrative Expenses	279M	320M	375M	375M	391M
Net Rental Expense, Total	9.55M	11.57M	12.56M	8.25M	9.65M
Imputed Operating Lease Interest Expense	1.53M	1.77M	2.13M	1.71M	1.95M
Imputed Operating Lease Depreciation	8.02M	9.8M	10.44M	6.54M	7.71M
Stock-Based Comp., Other (Total)	-	-	-	39.97M	-
Total Stock-Based Compensation	-	-	-	39.97M	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	225M	485M	382M	467M	520M
Short Term Investments	432M	412M	584M	489M	350M
Trading Asset Securities, Total	1.64B	1.22B	50.75M	-	50.01M
Total Cash And Short Term Investments	2.3B	2.12B	1.02B	956M	920M
Accounts Receivable, Total	255M	274M	220M	247M	315M
Other Receivables	27.26M	41.62M	45.79M	21.25M	25.05M
Total Receivables	282M	316M	265M	268M	340M
Prepaid Expenses	15.3M	34.72M	25.4M	27.66M	24.88M
Other Current Assets, Total	3.36M	3.1M	4.57M	527K	31.32M
Total Current Assets	2.6B	2.47B	1.31B	1.25B	1.32B
Gross Property Plant And Equipment	6.71B	9.06B	10.78B	8.38B	9B
Accumulated Depreciation	-1.73B	-1.81B	-1.91B	-2.52B	-2.82B
Net Property Plant And Equipment	4.98B	7.25B	8.86B	5.86B	6.19B
Long-term Investments	100K	50.1M	49.99M	49.9M	77.72M
Other Intangibles, Total	7.21M	8.5M	15.36M	14.3M	10.58M
Deferred Tax Assets Long-Term	115M	49.28M	69.21M	316M	317M
Deferred Charges Long-Term	644K	28K	-	-	-
Other Long-Term Assets, Total	7.3B	9.19B	11.42B	17.71B	18.87B
Total Assets	15B	19.02B	21.73B	25.2B	26.78B
Liabilities
Accounts Payable, Total	49.26M	82.21M	79.7M	204M	88.29M
Accrued Expenses, Total	-	212M	255M	234M	222M
Short-term Borrowings	140M	605M	700M	1.31B	1.71B
Current Portion of Long-Term Debt	297M	289M	1B	413M	722M
Current Portion of Leases	127M	129M	134M	80.95M	90.74M
Current Income Taxes Payable	31.17M	120M	118M	121M	132M
Unearned Revenue Current, Total	38.04M	37.65M	37.1M	36.59M	37.8M
Other Current Liabilities	741M	990M	327M	229M	179M
Total Current Liabilities	1.42B	2.46B	2.66B	2.63B	3.18B
Long-Term Debt	2.46B	5.01B	6.92B	8.57B	8.91B
Long-Term Leases	3.06B	3.06B	3.12B	2.96B	3.21B
Unearned Revenue Non Current	588M	502M	451M	401M	351M
Pension & Other Post Retirement Benefits	65.74M	60.22M	40.9M	38.3M	31.1M
Deferred Tax Liability Non Current	11.39M	17.1M	19.09M	27.55M	39.89M
Other Non Current Liabilities	432M	534M	536M	588M	633M
Total Liabilities	8.05B	11.64B	13.74B	15.21B	16.35B
Common Stock, Total	2.3B	2.3B	2.74B	3.36B	3.63B
Additional Paid In Capital	918M	918M	3.22B	4.31B	4.35B
Retained Earnings	2.19B	2.48B	1.78B	2.1B	2.44B
Comprehensive Income and Other	249M	279M	251M	220M	-
Total Common Equity	5.66B	5.98B	7.99B	9.99B	10.42B
Minority Interest	1.29B	1.39B	-	-	-
Total Equity	6.95B	7.38B	7.99B	9.99B	10.42B
Total Liabilities And Equity	15B	19.02B	21.73B	25.2B	26.78B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	273M	273M	325M	363M	363M
ECS Total Common Shares Outstanding	273M	273M	325M	363M	363M
Book Value / Share	20.72	21.89	24.54	27.5	28.69
Tangible Book Value	5.65B	5.97B	7.97B	9.98B	10.41B
Tangible Book Value Per Share	20.69	21.86	24.5	27.46	28.66
Total Debt	6.09B	9.09B	11.88B	13.33B	14.64B
Net Debt	3.79B	6.97B	10.86B	12.37B	13.72B
Debt Equivalent of Unfunded Proj. Benefit Obligation	65.74M	60.22M	40.9M	38.3M	31.1M
Debt Equivalent Oper. Leases	76.4M	92.55M	100M	66.02M	77.22M
Minority Interest, Total (Incl. Fin. Div)	1.29B	1.39B	-	-	-
Equity Method Investments, Total	-	-	49.89M	49.8M	77.62M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	1.95B	2.01B	2.01B	2.74B	2.84B
Machinery, Total	1.14B	1.22B	1.33B	1.45B	1.84B
Full Time Employees	507	558	676	653	642
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.91M	3.49M	2.49M	974K	2.1M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	461M	571M	1.1B	892M	717M
Depreciation & Amortization - CF	334M	367M	390M	591M	864M
Amortization of Goodwill and Intangible Assets - (CF)	6.43M	5.48M	7.49M	9M	8.69M
Depreciation & Amortization, Total	340M	372M	398M	600M	873M
(Gain) Loss From Sale Of Asset	-	-	-2K	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-24K	-12K
(Income) Loss On Equity Investments - (CF)	-	-	113K	85K	-820K
Stock-Based Compensation (CF)	-	-	-	39.97M	-
Provision and Write-off of Bad Debts	-2.5M	1.61M	-1M	-1.51M	1.13M
Other Operating Activities, Total	-53.11M	314M	85.33M	-233M	16.44M
Change in Trading Asset Securities	185M	420M	1.17B	50.77M	-50M
Change In Accounts Receivable	-33.98M	-13.27M	52.04M	-27.61M	-70.37M
Change In Accounts Payable	-658K	89.93M	63.98M	-32.8M	2.83M
Change in Unearned Revenues	252M	-	-	-	-
Change in Other Net Operating Assets	-35.01M	-124M	-35.62M	-68.06M	-67.56M
Cash from Operations	1.11B	1.63B	2.83B	1.22B	1.42B
Capital Expenditure	-481M	-2.02B	-1.91B	-695M	-358M
Sale of Property, Plant, and Equipment	-	-	334K	-	-
Sale (Purchase) of Real Estate properties	-1.43B	-2.04B	-2.88B	-3.24B	-1.85B
Sale (Purchase) of Intangible assets	-3.89M	-6.16M	-14.32M	-7.94M	-4.96M
Investment in Marketable and Equity Securities, Total	-60M	0	-211M	97.54M	153M
Other Investing Activities, Total	-62.18M	-1.44M	-	-5.45M	830K
Cash from Investing	-2.04B	-4.07B	-5.01B	-3.85B	-2.06B
Short Term Debt Issued, Total	653M	1.76B	3.26B	5.84B	7.92B
Long-Term Debt Issued, Total	1.17B	2.86B	2.94B	2.79B	1.06B
Total Debt Issued	1.82B	4.62B	6.19B	8.63B	8.98B
Short Term Debt Repaid, Total	-704M	-1.3B	-3.16B	-5.23B	-7.52B
Long-Term Debt Repaid, Total	-320M	-396M	-393M	-1.81B	-502M
Total Debt Repaid	-1.02B	-1.69B	-3.55B	-7.04B	-8.03B
Issuance of Common Stock	-	-	-	1.4B	-
Common Dividends Paid	-230M	-276M	-408M	-329M	-303M
Common & Preferred Stock Dividends Paid	-230M	-276M	-408M	-329M	-303M
Other Financing Activities, Total	-54.95M	45.98M	-154M	52.49M	42.18M
Cash from Financing	511M	2.7B	2.08B	2.72B	694M
Net Change in Cash	-416M	260M	-103M	85.29M	53.42M
Supplemental Items
Cash Interest Paid	100M	111M	125M	210M	332M
Cash Income Tax Paid (Refund)	190M	37.1M	174M	119M	95.27M
Levered Free Cash Flow	458M	-548M	-1.27B	398M	754M
Unlevered Free Cash Flow	521M	-479M	-1.19B	534M	959M
Change In Net Working Capital	-243M	-528M	565M	-4.84M	264M
Net Debt Issued / Repaid	796M	2.93B	2.64B	1.59B	955M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.97	3.81	4.41	2.53	2.75
Return on Total Capital	3.38	4.39	4.95	2.75	2.95
Return On Equity %	8.7	10.19	15.62	9.93	7.03
Return on Common Equity	8.38	9.81	15.69	9.93	7.02
Margin Analysis
Gross Profit Margin %	55.29	58.51	60.68	49.18	47.2
SG&A Margin	20	17.65	15.74	16.6	14.22
EBITDA Margin %	47.89	51.38	54.01	49.63	54.77
EBITA Margin %	35.75	41.01	45.21	32.94	33.2
EBIT Margin %	35.42	40.79	44.97	32.63	32.95
Income From Continuing Operations Margin %	30.83	28.75	37.54	30.68	20.72
Net Income Margin %	24.18	22.49	34.27	30.68	20.69
Net Avail. For Common Margin %	24.18	22.49	34.27	30.68	20.69
Normalized Net Income Margin	12.63	16.78	23.12	16.45	14.91
Levered Free Cash Flow Margin	23.99	-21.6	-39.7	13.67	21.77
Unlevered Free Cash Flow Margin	27.32	-18.88	-37.26	18.36	27.68
Asset Turnover
Asset Turnover	0.13	0.15	0.16	0.12	0.13
Fixed Assets Turnover	0.38	0.41	0.4	0.4	0.58
Receivables Turnover (Average Receivables)	8.02	9.59	12.94	12.46	12.33
Short Term Liquidity
Current Ratio	1.82	1	0.49	0.48	0.41
Quick Ratio	1.81	0.99	0.48	0.47	0.4
Operating Cash Flow to Current Liabilities	0.78	0.66	1.06	0.46	0.45
Days Sales Outstanding (Average Receivables)	45.62	38.05	28.2	29.29	29.69
Average Days Payable Outstanding	31.86	22.78	23.51	35.03	29.23
Long Term Solvency
Total Debt/Equity	87.59	123.23	148.69	133.43	140.45
Total Debt / Total Capital	46.69	55.2	59.79	57.16	58.41
LT Debt/Equity	79.47	109.36	125.69	115.38	116.25
Long-Term Debt / Total Capital	42.37	48.99	50.54	49.43	48.35
Total Liabilities / Total Assets	53.65	61.22	63.24	60.35	61.07
EBIT / Interest Expense	6.65	9.35	11.53	4.34	3.49
EBITDA / Interest Expense	10	12.71	14.72	7.09	6.15
(EBITDA - Capex) / Interest Expense	5.26	-5.53	-0.58	3.9	5.06
Total Debt / EBITDA	6	6.45	6.47	8.61	7.27
Net Debt / EBITDA	3.74	4.95	5.92	7.99	6.81
Total Debt / (EBITDA - Capex)	11.39	-14.82	-164.25	15.63	8.84
Net Debt / (EBITDA - Capex)	7.1	-11.37	-150.19	14.51	8.28
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-16.11	33.1	26.5	-9.05	19.15
Gross Profit, 1 Yr. Growth %	-24.35	40.86	31.6	-26.29	14.34
EBITDA, 1 Yr. Growth %	-24.48	42.8	33.58	-16.44	31.48
EBITA, 1 Yr. Growth %	-31.85	52.68	40.39	-33.73	20.08
EBIT, 1 Yr. Growth %	-31.85	53.32	40.41	-34.01	20.31
Earnings From Cont. Operations, 1 Yr. Growth %	-17.25	24.11	64.43	-25.66	-19.53
Net Income, 1 Yr. Growth %	-16.65	23.81	91.93	-18.58	-19.65
Normalized Net Income, 1 Yr. Growth %	-40.03	76.9	73.49	-35.26	7.92
Diluted EPS Before Extra, 1 Yr. Growth %	-34.21	24	71.78	-24.81	-26.77
Accounts Receivable, 1 Yr. Growth %	15.5	7.69	-20.02	12.62	27.35
Net Property, Plant and Equip., 1 Yr. Growth %	-0.28	45.59	22.19	-33.89	5.61
Total Assets, 1 Yr. Growth %	11.9	26.79	14.27	15.95	6.26
Tangible Book Value, 1 Yr. Growth %	5.96	5.65	33.49	25.11	4.38
Common Equity, 1 Yr. Growth %	5.96	5.67	33.55	25.05	4.33
Cash From Operations, 1 Yr. Growth %	463.63	46.53	73.35	-56.85	16.5
Capital Expenditures, 1 Yr. Growth %	87.5	320.43	-5.61	-63.55	-48.47
Levered Free Cash Flow, 1 Yr. Growth %	-43	-219.56	128.42	-131.32	89.76
Unlevered Free Cash Flow, 1 Yr. Growth %	-40.12	-191.98	144.91	-144.83	79.56
Dividend Per Share, 1 Yr. Growth %	19.99	33.33	-25	-17.5	32.01
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.98	5.67	29.47	7.26	4.1
Gross Profit, 2 Yr. CAGR %	10.12	3.23	35.64	-1.51	-8.2
EBITDA, 2 Yr. CAGR %	16.14	3.85	37.5	5.65	4.82
EBITA, 2 Yr. CAGR %	20.94	2.01	45.59	-3.55	-10.79
EBIT, 2 Yr. CAGR %	21.75	2.22	45.9	-3.74	-10.9
Earnings From Cont. Operations, 2 Yr. CAGR %	44.38	1.34	42.86	10.56	-22.66
Net Income, 2 Yr. CAGR %	44.57	1.59	54.15	25.01	-19.12
Normalized Net Income, 2 Yr. CAGR %	8.2	3	75.19	5.98	-16.41
Diluted EPS Before Extra, 2 Yr. CAGR %	24.12	-9.68	45.95	13.61	-25.85
Accounts Receivable, 2 Yr. CAGR %	33.43	11.53	-7.19	-5.09	19.76
Net Property, Plant and Equip., 2 Yr. CAGR %	84.85	20.49	33.38	-10.12	-16.45
Total Assets, 2 Yr. CAGR %	43.42	19.11	20.37	15.11	11
Tangible Book Value, 2 Yr. CAGR %	21.8	5.8	18.76	29.23	14.28
Common Equity, 2 Yr. CAGR %	21.84	5.81	18.8	29.23	14.22
Cash From Operations, 2 Yr. CAGR %	105.6	187.38	59.38	-13.51	-29.1
Capital Expenditures, 2 Yr. CAGR %	174.98	180.77	99.22	-41.34	-56.66
Levered Free Cash Flow, 2 Yr. CAGR %	-1.94	-17.34	66.34	-15.42	-22.91
Unlevered Free Cash Flow, 2 Yr. CAGR %	2.17	-25.78	51.22	4.78	-10.29
Dividend Per Share, 2 Yr. CAGR %	73.21	26.49	0	-21.34	4.36
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.75	14.34	12.04	15.09	11.08
Gross Profit, 3 Yr. CAGR %	14.17	19.54	11.65	10.69	3.51
EBITDA, 3 Yr. CAGR %	19.12	24.42	12.61	16.47	13.64
EBITA, 3 Yr. CAGR %	26.96	30.71	13.04	11.99	3.76
EBIT, 3 Yr. CAGR %	28.07	31.48	13.2	11.99	3.68
Earnings From Cont. Operations, 3 Yr. CAGR %	20.5	37.28	19.08	14.91	-0.55
Net Income, 3 Yr. CAGR %	19.67	37.29	25.59	24.61	7.88
Normalized Net Income, 3 Yr. CAGR %	28.31	27.46	22.55	25.72	6.62
Diluted EPS Before Extra, 3 Yr. CAGR %	8.17	24.08	11.9	16.97	-1.91
Accounts Receivable, 3 Yr. CAGR %	26.07	24.23	-0.17	-1.01	4.68
Net Property, Plant and Equip., 3 Yr. CAGR %	51.03	70.7	21.06	5.55	-5.16
Total Assets, 3 Yr. CAGR %	29.33	37.64	17.48	18.88	12.08
Tangible Book Value, 3 Yr. CAGR %	16.07	16.16	14.33	20.84	20.35
Common Equity, 3 Yr. CAGR %	16.09	16.19	14.35	20.85	20.33
Cash From Operations, 3 Yr. CAGR %	40.8	83.65	142.82	3.1	-4.48
Capital Expenditures, 3 Yr. CAGR %	128.36	216.78	95.23	13.1	-43.82
Levered Free Cash Flow, 3 Yr. CAGR %	3.68	4.85	16.5	-4.66	10.72
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.09	-1.34	11.04	0.83	25.38
Dividend Per Share, 3 Yr. CAGR %	81.69	58.74	6.26	-6.21	-6.52
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.55	13.9	16.61	11.36	8.79
Gross Profit, 5 Yr. CAGR %	12.66	19.09	22.32	10.46	3.24
EBITDA, 5 Yr. CAGR %	15.3	22.01	26.16	16.34	9.42
EBITA, 5 Yr. CAGR %	22.24	30.17	34.11	15.49	2.83
EBIT, 5 Yr. CAGR %	22.78	30.99	34.92	15.8	2.86
Earnings From Cont. Operations, 5 Yr. CAGR %	24.04	26.01	28.99	25.89	0.2
Net Income, 5 Yr. CAGR %	22.92	25.13	32.43	32.24	5.32
Normalized Net Income, 5 Yr. CAGR %	22.05	33.65	45.33	18.39	5.16
Diluted EPS Before Extra, 5 Yr. CAGR %	15.65	17.87	21.94	19.78	-5.1
Accounts Receivable, 5 Yr. CAGR %	20.31	18.02	11.53	11.55	7.37
Net Property, Plant and Equip., 5 Yr. CAGR %	25.95	37.14	43.7	32.07	4.37
Total Assets, 5 Yr. CAGR %	16.3	22.5	25.67	28.14	14.84
Tangible Book Value, 5 Yr. CAGR %	12.22	12.06	17.14	21.22	14.31
Common Equity, 5 Yr. CAGR %	12.24	12.08	17.17	21.24	14.3
Cash From Operations, 5 Yr. CAGR %	23.48	32.87	47.95	35.89	48.4
Capital Expenditures, 5 Yr. CAGR %	66.6	52.54	116.22	61.36	6.93
Levered Free Cash Flow, 5 Yr. CAGR %	3.86	29.3	25.33	-3.53	-1.24
Unlevered Free Cash Flow, 5 Yr. CAGR %	4.68	31.85	22.25	1.36	1.96
Dividend Per Share, 5 Yr. CAGR %	-	-	43.09	19.87	5.5