Financials Feng Ching Metal Corporation

Equities

2061

TW0002061009

Electrical Components & Equipment

End-of-day quote Taipei Exchange 23:00:00 27/05/2024 BST 5-day change 1st Jan Change
22.25 TWD +1.37% Intraday chart for Feng Ching Metal Corporation -3.68% +35.67%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 563.1 638.2 812.5 1,106 1,149 772.6
Enterprise Value (EV) 1 757.1 698.9 937.5 1,367 1,543 1,110
P/E ratio -30 x -61.9 x 141 x 10.1 x -15.7 x -30.3 x
Yield - - - 4.19% - -
Capitalization / Revenue 0.42 x 0.71 x 1.08 x 1.15 x 1.24 x 0.87 x
EV / Revenue 0.57 x 0.78 x 1.24 x 1.43 x 1.66 x 1.25 x
EV / EBITDA 42.9 x 52.6 x 41.5 x 35.4 x 113 x -67.3 x
EV / FCF -7.59 x 6.62 x 12.5 x -5.62 x -16.1 x 20.8 x
FCF Yield -13.2% 15.1% 8.01% -17.8% -6.2% 4.81%
Price to Book 0.94 x 1.11 x 1.69 x 1.88 x 2.31 x 1.61 x
Nbr of stocks (in thousands) 46,929 45,789 46,929 46,369 46,606 47,108
Reference price 2 12.00 13.94 17.31 23.85 24.65 16.40
Announcement Date 28/03/19 27/03/20 30/03/21 29/03/22 31/03/23 01/04/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,338 899.5 754.4 959.2 927.3 887.4
EBITDA 1 17.63 13.29 22.61 38.68 13.64 -16.48
EBIT 1 -6.164 -9.772 5.846 24.88 -0.657 -32.06
Operating Margin -0.46% -1.09% 0.77% 2.59% -0.07% -3.61%
Earnings before Tax (EBT) 1 -19.35 -13.97 3.733 103.9 -65.09 -21.83
Net income 1 -19.18 -10.19 5.504 108.8 -72.98 -25.4
Net margin -1.43% -1.13% 0.73% 11.35% -7.87% -2.86%
EPS 2 -0.4000 -0.2250 0.1226 2.360 -1.571 -0.5404
Free Cash Flow 1 -99.79 105.6 75.13 -243.4 -95.65 53.37
FCF margin -7.46% 11.74% 9.96% -25.37% -10.31% 6.01%
FCF Conversion (EBITDA) - 794.68% 332.26% - - -
FCF Conversion (Net income) - - 1,364.96% - - -
Dividend per Share - - - 1.000 - -
Announcement Date 28/03/19 27/03/20 30/03/21 29/03/22 31/03/23 01/04/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 194 60.8 125 262 394 337
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 11 x 4.571 x 5.531 x 6.762 x 28.91 x -20.47 x
Free Cash Flow 1 -99.8 106 75.1 -243 -95.6 53.4
ROE (net income / shareholders' equity) -3.06% -1.74% 1.06% 20.6% -13.5% -5.17%
ROA (Net income/ Total Assets) -0.34% -0.68% 0.4% 1.42% -0.04% -1.86%
Assets 1 5,614 1,492 1,361 7,658 207,332 1,363
Book Value Per Share 2 12.80 12.50 10.20 12.70 10.70 10.20
Cash Flow per Share 2 2.110 2.270 5.750 2.240 1.960 1.890
Capex 1 27.6 5.41 41.7 46.8 51.9 23.3
Capex / Sales 2.07% 0.6% 5.53% 4.88% 5.6% 2.63%
Announcement Date 28/03/19 27/03/20 30/03/21 29/03/22 31/03/23 01/04/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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