HORNG TONG ENTERPRISE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.27 TWD | +1.25% |
|
-1.49% | -10.02% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 219.2 | 362 | 387 | 400.7 | 265.4 | 585.4 |
| Enterprise Value (EV) 1 | 395.4 | 563.7 | 594.8 | 656.8 | 513.5 | 928.8 |
| P/E ratio | -2.13 x | 70 x | 117 x | -5.21 x | -4.29 x | -9.85 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.29 x | 0.5 x | 0.5 x | 0.61 x | 0.53 x | 1.02 x |
| EV / Revenue | 0.52 x | 0.78 x | 0.77 x | 1 x | 1.02 x | 1.62 x |
| EV / EBITDA | -13.4 x | 11.4 x | 13.5 x | -21.2 x | -8.9 x | -64.7 x |
| EV / FCF | -22.3 x | 72.9 x | 45.6 x | -18.7 x | -33.2 x | -76.1 x |
| FCF Yield | -4.49% | 1.37% | 2.19% | -5.35% | -3.02% | -1.31% |
| Price to Book | 0.62 x | 1.01 x | 0.87 x | 1.09 x | 0.79 x | 1.64 x |
| Nbr of stocks (in thousands) | 36,269 | 36,934 | 47,191 | 47,191 | 52,454 | 72,454 |
| Reference price 2 | 6.045 | 9.800 | 8.200 | 8.490 | 5.060 | 8.080 |
| Announcement Date | 29/04/19 | 15/04/20 | 14/04/21 | 12/04/22 | 27/04/23 | 24/04/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 760.8 | 721.6 | 771.4 | 656.9 | 504.5 | 574.9 |
| EBITDA 1 | -29.56 | 49.29 | 43.97 | -31.05 | -57.7 | -14.37 |
| EBIT 1 | -63.89 | 22.38 | 22.48 | -63.28 | -81.36 | -38.03 |
| Operating Margin | -8.4% | 3.1% | 2.91% | -9.63% | -16.13% | -6.62% |
| Earnings before Tax (EBT) 1 | -58.04 | 5.817 | 3.005 | -76.77 | -56.92 | -52.47 |
| Net income 1 | -72.15 | 5.332 | 3.315 | -76.77 | -56.92 | -55.5 |
| Net margin | -9.48% | 0.74% | 0.43% | -11.69% | -11.28% | -9.65% |
| EPS 2 | -2.836 | 0.1400 | 0.0700 | -1.630 | -1.180 | -0.8200 |
| Free Cash Flow 1 | -17.74 | 7.728 | 13.03 | -35.11 | -15.48 | -12.2 |
| FCF margin | -2.33% | 1.07% | 1.69% | -5.34% | -3.07% | -2.12% |
| FCF Conversion (EBITDA) | - | 15.68% | 29.64% | - | - | - |
| FCF Conversion (Net income) | - | 144.93% | 393.14% | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 29/04/19 | 15/04/20 | 14/04/21 | 12/04/22 | 27/04/23 | 24/04/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 176 | 202 | 208 | 256 | 248 | 343 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -5.961 x | 4.093 x | 4.726 x | -8.249 x | -4.299 x | -23.9 x |
| Free Cash Flow 1 | -17.7 | 7.73 | 13 | -35.1 | -15.5 | -12.2 |
| ROE (net income / shareholders' equity) | -20.9% | 1.5% | 0.83% | -19% | -16.3% | -16.1% |
| ROA (Net income/ Total Assets) | -4.15% | 1.57% | 1.39% | -3.74% | -5.26% | -2.29% |
| Assets 1 | 1,739 | 339.1 | 237.9 | 2,054 | 1,083 | 2,423 |
| Book Value Per Share 2 | 9.720 | 9.730 | 9.460 | 7.820 | 6.420 | 4.940 |
| Cash Flow per Share 2 | 1.780 | 1.150 | 1.580 | 1.620 | 1.640 | 1.960 |
| Capex 1 | 52.1 | 50.4 | 97.2 | 42.4 | 17.3 | 30 |
| Capex / Sales | 6.84% | 6.99% | 12.6% | 6.45% | 3.43% | 5.22% |
| Announcement Date | 29/04/19 | 15/04/20 | 14/04/21 | 12/04/22 | 27/04/23 | 24/04/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -10.02% | 16.2M | |
| +15.08% | 109B | |
| -3.80% | 29.36B | |
| +4.62% | 20.78B | |
| -11.06% | 18.82B | |
| +14.27% | 16.06B | |
| -10.88% | 16B | |
| +8.77% | 13.31B | |
| -2.01% | 10.68B | |
| +14.13% | 8.46B |
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- Financials Horng Tong Enterprise Co., Ltd.
