Financials Kenda Rubber Industrial Co. Ltd.

Equities

2106

TW0002106002

Tires & Rubber Products

End-of-day quote Taiwan S.E. 23:00:00 25/06/2024 BST 5-day change 1st Jan Change
34.3 TWD -0.87% Intraday chart for Kenda Rubber Industrial Co. Ltd. +1.33% +11.00%

Valuation

Fiscal Period: December 2019 2020 2021 2023 2024
Capitalization 1 26,757 31,784 28,282 29,506 32,752
Enterprise Value (EV) 1 26,757 31,784 28,282 29,506 32,752
P/E ratio - 32.7 x 30.8 x 33.6 x 19.3 x
Yield - - - - -
Capitalization / Revenue 0.83 x 1.05 x 0.81 x 0.86 x 0.91 x
EV / Revenue 0.83 x 1.05 x 0.81 x 0.86 x 0.91 x
EV / EBITDA - - 8,541,740 x - -
EV / FCF - - - 6.05 x 172 x
FCF Yield - - - 16.5% 0.58%
Price to Book - - - 1.51 x 1.61 x
Nbr of stocks (in thousands) 954,878 954,881 954,881 954,881 954,880
Reference price 2 28.02 33.29 29.62 30.90 34.30
Announcement Date 29/03/20 29/03/21 29/03/22 14/03/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2023 2024
Net sales 1 32,127 30,260 34,896 34,444 36,038
EBITDA - - 3,311 - -
EBIT 1 1,255 - 1,741 1,295 2,347
Operating Margin 3.9% - 4.99% 3.76% 6.51%
Earnings before Tax (EBT) 1 - - 1,683 1,305 2,205
Net income 1 - 972.2 917.9 881 1,699
Net margin - 3.21% 2.63% 2.56% 4.71%
EPS 2 - 1.019 0.9619 0.9200 1.780
Free Cash Flow 1 - - - 4,875 190
FCF margin - - - 14.15% 0.53%
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - 553.4% 11.18%
Dividend per Share - - - - -
Announcement Date 29/03/20 29/03/21 29/03/22 14/03/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 8,263 - 10,451 10,363 8,220 8,704 8,956 8,564 - 9,501 9,151 9,121
EBITDA - - - - - - - - - - - -
EBIT 1 42.71 - 307.7 10.83 -210.9 286.5 577.5 641.9 - 529 621 643
Operating Margin 0.52% - 2.94% 0.1% -2.57% 3.29% 6.45% 7.5% - 5.57% 6.79% 7.05%
Earnings before Tax (EBT) 1 -9.074 - 584.1 317.2 -326.1 529 583.3 519 - 563 583 479
Net income 1 -405.3 187.2 458.4 231.4 -379.6 387.4 430.1 443.1 435.8 424 430 409
Net margin -4.9% - 4.39% 2.23% -4.62% 4.45% 4.8% 5.17% - 4.46% 4.7% 4.48%
EPS 2 -0.4190 0.2000 0.4762 0.2381 -0.4000 0.4100 0.4500 0.4600 0.4600 0.4400 0.4500 0.4300
Dividend per Share - - - - - - - - - - - -
Announcement Date 29/03/22 13/05/22 11/08/22 11/11/22 12/05/23 11/08/23 10/11/23 14/03/24 15/05/24 - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2023 2024
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 - - - 4,875 190
ROE (net income / shareholders' equity) - - 4.85% 4.52% 8.8%
ROA (Net income/ Total Assets) - - 2.07% 1.95% 3.8%
Assets 1 - - 44,364 45,162 44,711
Book Value Per Share 2 - - - 20.50 21.30
Cash Flow per Share - - - - -
Capex 1 3,058 - 1,959 745 752
Capex / Sales 9.52% - 5.61% 2.16% 2.09%
Announcement Date 29/03/20 29/03/21 29/03/22 14/03/24 -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
34.3 TWD
Average target price
40 TWD
Spread / Average Target
+16.62%
Consensus
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