Financials HD Renewable Energy Co., LTD. Taipei Exchange

Equities

6873

TW0006873003

Renewable Energy Equipment & Services

End-of-day quote Taipei Exchange 23:00:00 05/03/2023 GMT 5-day change 1st Jan Change
121 TWD -22.19% Intraday chart for HD Renewable Energy Co., LTD. -7.98% +30.11%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 5,005 7,905 13,050 17,584 -
Enterprise Value (EV) 1 5,005 7,905 11,512 16,578 16,539
P/E ratio - - 15.9 x 13.1 x 10.6 x
Yield - - 3.13% 3.83% 4.73%
Capitalization / Revenue 1.87 x 1.56 x 2.23 x 1.51 x 1.06 x
EV / Revenue 1.87 x 1.56 x 1.97 x 1.42 x 0.99 x
EV / EBITDA - - 10.8 x 8.16 x 6.78 x
EV / FCF - - -3.45 x 27.6 x 10.9 x
FCF Yield - - -29% 3.62% 9.15%
Price to Book - - 2.36 x 4.12 x 2.9 x
Nbr of stocks (in thousands) 70,000 85,000 100,000 101,347 -
Reference price 2 71.50 93.00 130.5 183.5 183.5
Announcement Date 31/03/22 14/03/23 13/03/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - 2,680 5,060 5,839 11,650 16,650
EBITDA 1 - - - 1,069 2,032 2,440
EBIT 1 - 222.7 845.3 991.2 1,905 2,276
Operating Margin - 8.31% 16.7% 16.98% 16.35% 13.67%
Earnings before Tax (EBT) 1 - - - 1,003 1,905 2,289
Net income 1 191.3 - - 815.4 1,527 1,828
Net margin - - - 13.96% 13.11% 10.98%
EPS 2 3.740 - - 8.200 14.03 17.34
Free Cash Flow 1 - - - -3,341 600 1,512
FCF margin - - - -57.22% 5.15% 9.08%
FCF Conversion (EBITDA) - - - - 29.53% 62%
FCF Conversion (Net income) - - - - 39.29% 82.74%
Dividend per Share 2 - - - 4.080 7.020 8.680
Announcement Date 18/10/21 31/03/22 14/03/23 13/03/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 598.4 1,447 - 2,818 689 1,936 3,854 5,171
EBITDA 1 - - - 646.3 213 365 307 685
EBIT 1 94.72 168.7 - 622.8 48 164 662 1,030
Operating Margin 15.83% 11.66% - 22.1% 6.97% 8.47% 17.18% 19.92%
Earnings before Tax (EBT) 1 - - - 611 48 164 662 1,030
Net income 1 - - 92.59 502.6 40 129 522 835
Net margin - - - 17.83% 5.81% 6.66% 13.54% 16.15%
EPS 2 - - 0.9200 4.980 0.4000 1.290 4.750 7.590
Dividend per Share - - - - - - - -
Announcement Date 12/05/23 10/08/23 14/11/23 13/03/24 - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - -
Net Cash position 1 - - - 1,538 1,006 1,045
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - - -3,341 600 1,513
ROE (net income / shareholders' equity) - - - 18.4% 31.2% 28.9%
ROA (Net income/ Total Assets) - - - 8.5% 18.1% 16.2%
Assets 1 - - - 9,593 8,436 11,319
Book Value Per Share 2 - - - 55.30 44.50 63.30
Cash Flow per Share 2 - - - -17.70 5.630 17.10
Capex 1 - - - 1,564 1,000 580
Capex / Sales - - - 26.78% 8.58% 3.48%
Announcement Date 18/10/21 31/03/22 14/03/23 13/03/24 - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
183.5 TWD
Average target price
181 TWD
Spread / Average Target
-1.36%
Consensus
  1. Stock Market
  2. Equities
  3. 6873 Stock
  4. 6873 Stock
  5. Financials HD Renewable Energy Co., LTD.