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 10/09/2024			5-day change	1st Jan Change
45.90 ^TWD	+0.22%		-5.26%	-13.94%

08-09	Farglory Free Trade Zone Investment Holding Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
07-05	Farglory Free Trade Zone Investment Holding Co., Ltd. Approves Cash Dividend for the Year Ended December 31, 2023, Payable on August 28, 2024	CI

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

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.27B	1.91B	2.54B	3.2B	2.91B
Total Revenues	2.27B	1.91B	2.54B	3.2B	2.91B
Cost of Goods Sold, Total	880M	853M	1.05B	1.26B	1.48B
Gross Profit	1.39B	1.05B	1.49B	1.94B	1.43B
Selling General & Admin Expenses, Total	402M	382M	448M	503M	483M
Provision for Bad Debts	582K	-2.5M	1.61M	-1.01M	-1.51M
Other Operating Expenses, Total	403M	379M	450M	502M	481M
Operating Income	991M	676M	1.04B	1.44B	949M
Interest Expense, Total	-108M	-102M	-111M	-125M	218M
Interest And Investment Income	10.45M	14.74M	14.34M	37.94M	28.34M
Net Interest Expenses	-97.22M	-86.82M	-96.44M	-86.75M	247M
Income (Loss) On Equity Invest.	-	-	-	-113K	-85K
Currency Exchange Gains (Loss)	-285K	-244K	-133K	-177K	-284K
Other Non Operating Income (Expenses)	816K	-27K	-3.16M	-1.39M	-430M
EBT, Excl. Unusual Items	895M	588M	936M	1.35B	766M
Gain (Loss) On Sale Of Investments	3.75M	8.01M	2.78M	3.34M	24K
Gain (Loss) On Sale Of Assets	-	-	-	2K	-
Other Unusual Items	-	-	-18.02M	-	-
EBT, Incl. Unusual Items	898M	596M	921M	1.35B	766M
Income Tax Expense	188M	8.34M	191M	153M	-127M
Earnings From Continuing Operations	711M	588M	730M	1.2B	892M
Net Income to Company	711M	588M	730M	1.2B	892M
Minority Interest	-157M	-127M	-159M	-104M	-
Net Income - (IS)	553M	461M	571M	1.1B	892M
Net Income to Common Incl Extra Items	553M	461M	571M	1.1B	892M
Net Income to Common Excl. Extra Items	553M	461M	571M	1.1B	892M
Per Share Items
Net EPS - Basic	2.56	1.69	2.09	3.59	2.7
Basic EPS - Continuing Operations	2.56	1.69	2.09	3.59	2.7
Basic Weighted Average Shares Outstanding	216M	273M	273M	305M	331M
Net EPS - Diluted	2.56	1.68	2.09	3.59	2.69
Diluted EPS - Continuing Operations	2.56	1.68	2.09	3.59	2.69
Diluted Weighted Average Shares Outstanding	216M	274M	273M	306M	331M
Normalized Basic EPS	1.86	0.88	1.56	2.42	1.45
Normalized Diluted EPS	1.86	0.88	1.56	2.42	1.45
Dividend Per Share	0.84	1.01	1.35	1.01	0.83
Payout Ratio	12.29	49.87	48.34	37.23	36.85
Supplemental Items
EBITDA	1.21B	913M	1.3B	1.73B	1.44B
EBITA	1B	682M	1.04B	1.45B	958M
EBIT	991M	676M	1.04B	1.44B	949M
EBITDAR	1.22B	923M	1.32B	1.74B	1.45B
Effective Tax Rate - (Ratio)	20.88	1.4	20.73	11.29	-16.53
Current Domestic Taxes	186M	72.69M	118M	172M	111M
Total Current Taxes	186M	72.69M	118M	172M	111M
Deferred Domestic Taxes	1.43M	-64.35M	72.4M	-19.2M	-238M
Total Deferred Taxes	1.43M	-64.35M	72.4M	-19.2M	-238M
Normalized Net Income	402M	241M	426M	739M	479M
Interest Capitalized	-	13.66M	34.27M	97.06M	108M
Interest on Long-Term Debt	72.31M	82.66M	68.91M	70.53M	-
Non-Cash Pension Expense	1.48M	1.01M	943K	852K	550K
Supplemental Operating Expense Items
Selling and Marketing Expenses	109M	102M	128M	128M	106M
General and Administrative Expenses	293M	279M	320M	375M	375M
Net Rental Expense, Total	10.46M	9.55M	11.57M	12.56M	8.25M
Imputed Operating Lease Interest Expense	2.55M	1.53M	1.77M	2.13M	-578K
Imputed Operating Lease Depreciation	7.91M	8.02M	9.8M	10.44M	8.83M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	36.36M	-	-	-	39.97M
Total Stock-Based Compensation	36.36M	-	-	-	39.97M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	641M	225M	485M	382M	467M
Short Term Investments	343M	432M	412M	584M	489M
Trading Asset Securities, Total	1.82B	1.64B	1.22B	50.75M	-
Total Cash And Short Term Investments	2.81B	2.3B	2.12B	1.02B	956M
Accounts Receivable, Total	221M	255M	274M	220M	247M
Other Receivables	11.44M	27.26M	41.62M	45.79M	21.25M
Total Receivables	232M	282M	316M	265M	268M
Prepaid Expenses	11.08M	15.3M	34.72M	25.4M	27.66M
Other Current Assets, Total	6.81M	3.36M	3.1M	4.57M	527K
Total Current Assets	3.06B	2.6B	2.47B	1.31B	1.25B
Gross Property Plant And Equipment	6.74B	6.71B	9.06B	10.78B	8.38B
Accumulated Depreciation	-1.75B	-1.73B	-1.81B	-1.91B	-2.52B
Net Property Plant And Equipment	5B	4.98B	7.25B	8.86B	5.86B
Long-term Investments	100K	100K	50.1M	49.99M	49.9M
Other Intangibles, Total	6.74M	7.21M	8.5M	15.36M	14.3M
Deferred Tax Assets Long-Term	47.34M	115M	49.28M	69.21M	316M
Deferred Charges Long-Term	3.66M	644K	28K	-	-
Other Long-Term Assets, Total	5.29B	7.3B	9.19B	11.42B	17.71B
Total Assets	13.4B	15B	19.02B	21.73B	25.2B
Liabilities
Accounts Payable, Total	99.19M	49.26M	82.21M	79.7M	204M
Accrued Expenses, Total	-	-	212M	255M	234M
Short-term Borrowings	190M	140M	605M	700M	1.31B
Current Portion of Long-Term Debt	247M	297M	289M	1B	413M
Current Portion of Leases	131M	127M	129M	134M	80.95M
Current Income Taxes Payable	148M	31.17M	120M	118M	121M
Unearned Revenue Current, Total	2.46M	38.04M	37.65M	37.1M	36.59M
Other Current Liabilities	316M	741M	990M	327M	229M
Total Current Liabilities	1.13B	1.42B	2.46B	2.66B	2.63B
Long-Term Debt	1.59B	2.46B	5.01B	6.92B	8.57B
Long-Term Leases	3.22B	3.06B	3.06B	3.12B	2.96B
Unearned Revenue Non Current	371M	588M	502M	451M	401M
Pension & Other Post Retirement Benefits	82.33M	65.74M	60.22M	40.9M	38.3M
Deferred Tax Liability Non Current	9.02M	11.39M	17.1M	19.09M	27.55M
Other Non Current Liabilities	430M	432M	534M	536M	588M
Total Liabilities	6.84B	8.05B	11.64B	13.74B	15.21B
Common Stock, Total	2.3B	2.3B	2.3B	2.74B	3.36B
Additional Paid In Capital	918M	918M	918M	3.22B	4.31B
Retained Earnings	1.96B	2.19B	2.48B	1.78B	2.1B
Comprehensive Income and Other	160M	249M	279M	251M	220M
Total Common Equity	5.34B	5.66B	5.98B	7.99B	9.99B
Minority Interest	1.22B	1.29B	1.39B	-	-
Total Equity	6.56B	6.95B	7.38B	7.99B	9.99B
Total Liabilities And Equity	13.4B	15B	19.02B	21.73B	25.2B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	273M	273M	273M	325M	363M
ECS Total Common Shares Outstanding	273M	273M	273M	325M	363M
Book Value / Share	19.55	20.72	21.89	24.54	27.5
Tangible Book Value	5.34B	5.65B	5.97B	7.97B	9.98B
Tangible Book Value Per Share	19.53	20.69	21.86	24.5	27.46
Total Debt	5.38B	6.09B	9.09B	11.88B	13.33B
Net Debt	2.57B	3.79B	6.97B	10.86B	12.37B
Debt Equivalent of Unfunded Proj. Benefit Obligation	82.33M	65.74M	60.22M	40.9M	38.3M
Debt Equivalent Oper. Leases	83.67M	76.4M	92.55M	100M	66.02M
Minority Interest, Total (Incl. Fin. Div)	1.22B	1.29B	1.39B	-	-
Equity Method Investments, Total	-	-	-	49.89M	49.8M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	2.03B	1.95B	2.01B	2.01B	2.74B
Machinery, Total	1.07B	1.14B	1.22B	1.33B	1.45B
Full Time Employees	489	507	558	676	653
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	4.4M	1.91M	3.49M	2.49M	974K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	553M	461M	571M	1.1B	892M
Depreciation & Amortization - CF	314M	334M	367M	390M	591M
Amortization of Goodwill and Intangible Assets - (CF)	9.37M	6.43M	5.48M	7.49M	9M
Depreciation & Amortization, Total	323M	340M	372M	398M	600M
(Gain) Loss From Sale Of Asset	-	-	-	-2K	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-24K
(Income) Loss On Equity Investments - (CF)	-	-	-	113K	85K
Stock-Based Compensation (CF)	36.36M	-	-	-	39.97M
Provision and Write-off of Bad Debts	582K	-2.5M	1.61M	-1M	-1.51M
Other Operating Activities, Total	330M	-53.11M	314M	85.33M	-233M
Change in Trading Asset Securities	-1.26B	185M	420M	1.17B	50.77M
Change In Accounts Receivable	-82.94M	-33.98M	-13.27M	52.04M	-27.61M
Change In Accounts Payable	-825K	-658K	89.93M	63.98M	-32.8M
Change in Unearned Revenues	372M	252M	-	-	-
Change in Other Net Operating Assets	-1.62M	-35.01M	-124M	-35.62M	-68.06M
Cash from Operations	270M	1.11B	1.63B	2.83B	1.22B
Capital Expenditure	-256M	-481M	-2.02B	-1.91B	-695M
Sale of Property, Plant, and Equipment	-	-	-	334K	-
Sale (Purchase) of Real Estate properties	-804M	-1.43B	-2.04B	-2.88B	-3.24B
Sale (Purchase) of Intangible assets	-7.49M	-3.89M	-6.16M	-14.32M	-7.94M
Investment in Marketable and Equity Securities, Total	-120M	-60M	0	-211M	97.54M
Other Investing Activities, Total	80.95M	-62.18M	-1.44M	-	-5.45M
Cash from Investing	-1.11B	-2.04B	-4.07B	-5.01B	-3.85B
Short Term Debt Issued, Total	1.25B	653M	1.76B	3.26B	5.84B
Long-Term Debt Issued, Total	509M	1.17B	2.86B	2.94B	2.79B
Total Debt Issued	1.76B	1.82B	4.62B	6.19B	8.63B
Short Term Debt Repaid, Total	-1.3B	-704M	-1.3B	-3.16B	-5.23B
Long-Term Debt Repaid, Total	-248M	-320M	-396M	-393M	-1.81B
Total Debt Repaid	-1.55B	-1.02B	-1.69B	-3.55B	-7.04B
Issuance of Common Stock	990M	-	-	-	1.4B
Common Dividends Paid	-67.99M	-230M	-276M	-408M	-329M
Common & Preferred Stock Dividends Paid	-67.99M	-230M	-276M	-408M	-329M
Other Financing Activities, Total	120M	-54.95M	45.98M	-154M	52.49M
Cash from Financing	1.25B	511M	2.7B	2.08B	2.72B
Net Change in Cash	417M	-416M	260M	-103M	85.29M
Supplemental Items
Cash Interest Paid	16.85M	100M	111M	125M	210M
Cash Income Tax Paid (Refund)	106M	190M	37.1M	174M	119M
Levered Free Cash Flow	803M	458M	-548M	-1.27B	671M
Unlevered Free Cash Flow	870M	521M	-479M	-1.19B	534M
Change In Net Working Capital	-155M	-243M	-528M	565M	-4.84M
Net Debt Issued / Repaid	211M	796M	2.93B	2.64B	1.59B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.99	2.97	3.81	4.41	2.53
Return on Total Capital	6.78	3.38	4.39	4.95	2.75
Return On Equity %	12.69	8.7	10.19	15.62	9.93
Return on Common Equity	12.09	8.38	9.81	15.69	9.93
Margin Analysis
Gross Profit Margin %	61.31	55.29	58.51	60.68	49.18
SG&A Margin	17.69	20	17.65	15.74	16.6
EBITDA Margin %	53.2	47.89	51.38	54.01	49.63
EBITA Margin %	44.01	35.75	41.01	45.21	32.94
EBIT Margin %	43.6	35.42	40.79	44.97	32.63
Income From Continuing Operations Margin %	31.26	30.83	28.75	37.54	30.68
Net Income Margin %	24.33	24.18	22.49	34.27	30.68
Net Avail. For Common Margin %	24.33	24.18	22.49	34.27	30.68
Normalized Net Income Margin	17.66	12.63	16.78	23.12	16.45
Levered Free Cash Flow Margin	35.31	23.99	-21.6	-39.7	23.06
Unlevered Free Cash Flow Margin	38.27	27.32	-18.88	-37.26	18.36
Asset Turnover
Asset Turnover	0.22	0.13	0.15	0.16	0.12
Fixed Assets Turnover	0.7	0.38	0.41	0.4	0.4
Receivables Turnover (Average Receivables)	12.5	8.02	9.59	12.94	12.46
Short Term Liquidity
Current Ratio	2.7	1.82	1	0.49	0.48
Quick Ratio