Financials Hwang Chang General Contractor Co., Ltd

Equities

2543

TW0002543006

Construction & Engineering

End-of-day quote Taiwan S.E. 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
50.4 TWD -3.08% Intraday chart for Hwang Chang General Contractor Co., Ltd -11.11% +105.30%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,840 1,748 1,705 1,883 2,168 5,830
Enterprise Value (EV) 1 2,871 3,060 4,068 3,967 1,917 6,168
P/E ratio -3.59 x 75.8 x 47.9 x 5.1 x 8.95 x 11.5 x
Yield - - - - 3.29% -
Capitalization / Revenue 0.41 x 0.31 x 0.27 x 0.24 x 0.26 x 0.52 x
EV / Revenue 0.64 x 0.54 x 0.64 x 0.5 x 0.23 x 0.55 x
EV / EBITDA -6.33 x 30.1 x 20.1 x 70.2 x 3.63 x 6.03 x
EV / FCF -3.72 x -55.8 x -3.97 x 9.53 x 0.83 x -10.6 x
FCF Yield -26.9% -1.79% -25.2% 10.5% 120% -9.43%
Price to Book 0.94 x 0.89 x 0.85 x 0.8 x 0.83 x 1.92 x
Nbr of stocks (in thousands) 237,484 237,484 237,484 237,484 237,484 237,484
Reference price 2 7.750 7.360 7.180 7.930 9.130 24.55
Announcement Date 01/04/19 31/03/20 31/03/21 30/03/22 23/03/23 12/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,457 5,621 6,406 8,003 8,448 11,275
EBITDA 1 -453.7 101.6 202 56.5 528.3 1,024
EBIT 1 -516.4 36.8 79.78 -102.9 350.1 742.8
Operating Margin -11.59% 0.65% 1.25% -1.29% 4.14% 6.59%
Earnings before Tax (EBT) 1 -522.6 20.33 51.67 416 288.3 702.6
Net income 1 -513.2 23.07 35.7 369.6 242.2 510
Net margin -11.51% 0.41% 0.56% 4.62% 2.87% 4.52%
EPS 2 -2.161 0.0971 0.1500 1.556 1.020 2.140
Free Cash Flow 1 -771 -54.79 -1,025 416.1 2,307 -581.9
FCF margin -17.3% -0.97% -16% 5.2% 27.31% -5.16%
FCF Conversion (EBITDA) - - - 736.57% 436.7% -
FCF Conversion (Net income) - - - 112.6% 952.64% -
Dividend per Share - - - - 0.3000 -
Announcement Date 01/04/19 31/03/20 31/03/21 30/03/22 23/03/23 12/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,031 1,312 2,363 2,084 - 338
Net Cash position 1 - - - - 251 -
Leverage (Debt/EBITDA) -2.272 x 12.91 x 11.7 x 36.89 x - 0.3304 x
Free Cash Flow 1 -771 -54.8 -1,025 416 2,307 -582
ROE (net income / shareholders' equity) -21.9% 0.96% 2.4% 17% 10.1% 19%
ROA (Net income/ Total Assets) -5.59% 0.32% 0.64% -0.75% 1.98% 3.36%
Assets 1 9,178 7,176 5,621 -49,522 12,204 15,171
Book Value Per Share 2 8.230 8.320 8.440 9.950 11.00 12.80
Cash Flow per Share 2 0.6600 0.3900 0.6900 1.390 2.410 1.720
Capex 1 189 787 569 358 1,201 1,810
Capex / Sales 4.23% 14% 8.89% 4.47% 14.22% 16.05%
Announcement Date 01/04/19 31/03/20 31/03/21 30/03/22 23/03/23 12/03/24
1TWD in Million2TWD
Estimates
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