Financials Hong Tai Electric Industrial Co., Ltd.

Equities

1612

TW0001612000

Electrical Components & Equipment

End-of-day quote Taiwan S.E. 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
38.45 TWD +1.45% Intraday chart for Hong Tai Electric Industrial Co., Ltd. +8.01% +35.87%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,012 3,445 5,705 8,503 5,136 8,945
Enterprise Value (EV) 1 2,284 3,156 4,603 5,221 2,452 6,706
P/E ratio 24.6 x 17.1 x 11 x 3.15 x 14.5 x 14.3 x
Yield 3.36% 4.59% 6.65% 10.4% 9.23% 7.07%
Capitalization / Revenue 0.78 x 0.98 x 1.25 x 1.35 x 0.8 x 1.44 x
EV / Revenue 0.59 x 0.9 x 1.01 x 0.83 x 0.38 x 1.08 x
EV / EBITDA 9.48 x 35.5 x 12.2 x 10.6 x 4 x 9.71 x
EV / FCF -15.4 x -5.61 x 28.1 x -359 x 6.02 x 73.3 x
FCF Yield -6.48% -17.8% 3.55% -0.28% 16.6% 1.36%
Price to Book 0.68 x 0.74 x 1.08 x 1.09 x 0.72 x 1.18 x
Nbr of stocks (in thousands) 316,080 316,080 316,080 316,080 316,080 316,080
Reference price 2 9.530 10.90 18.05 26.90 16.25 28.30
Announcement Date 28/03/19 27/03/20 30/03/21 28/03/22 27/03/23 26/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,873 3,504 4,567 6,307 6,386 6,195
EBITDA 1 240.9 88.96 377.5 493 612.4 690.6
EBIT 1 180.5 27.63 309.3 387.4 522.9 606.1
Operating Margin 4.66% 0.79% 6.77% 6.14% 8.19% 9.78%
Earnings before Tax (EBT) 1 157.1 229.2 592.4 2,816 552.9 756.6
Net income 1 122.6 201.7 517.3 2,698 353.8 628.5
Net margin 3.17% 5.76% 11.33% 42.78% 5.54% 10.14%
EPS 2 0.3880 0.6381 1.637 8.536 1.119 1.980
Free Cash Flow 1 -147.9 -562.2 163.6 -14.54 407.4 91.48
FCF margin -3.82% -16.04% 3.58% -0.23% 6.38% 1.48%
FCF Conversion (EBITDA) - - 43.35% - 66.52% 13.25%
FCF Conversion (Net income) - - 31.63% - 115.17% 14.56%
Dividend per Share 2 0.3200 0.5000 1.200 2.800 1.500 2.000
Announcement Date 28/03/19 27/03/20 30/03/21 28/03/22 27/03/23 26/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 728 289 1,102 3,281 2,684 2,239
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -148 -562 164 -14.5 407 91.5
ROE (net income / shareholders' equity) 2.68% 4.42% 10.4% 41.2% 4.75% 8.58%
ROA (Net income/ Total Assets) 2.15% 0.31% 3.23% 3.25% 3.86% 4.54%
Assets 1 5,695 64,276 16,039 82,917 9,174 13,858
Book Value Per Share 2 14.10 14.70 16.80 24.70 22.50 23.90
Cash Flow per Share 2 1.420 1.360 2.600 9.170 7.660 6.100
Capex 1 232 262 123 66.7 42.5 110
Capex / Sales 5.99% 7.48% 2.7% 1.06% 0.67% 1.77%
Announcement Date 28/03/19 27/03/20 30/03/21 28/03/22 27/03/23 26/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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