Financials Sports Gear Co., Ltd.

Equities

6768

KYG8368S1003

Footwear

End-of-day quote Taiwan S.E. 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
91.5 TWD +0.11% Intraday chart for Sports Gear Co., Ltd. +5.41% +36.77%

Valuation

Fiscal Period: December 2021 2022 2023 2024
Capitalization 1 13,253 14,017 13,115 17,919
Enterprise Value (EV) 1 13,253 14,017 13,115 17,919
P/E ratio 19.8 x 7.8 x 24.2 x 14.3 x
Yield 5.18% - - -
Capitalization / Revenue 1.07 x 0.76 x 0.92 x 1.09 x
EV / Revenue 1.07 x 0.76 x 0.92 x 1.09 x
EV / EBITDA 8,039,014 x 4,531,305 x - -
EV / FCF 8.72 x - 10.3 x 13.3 x
FCF Yield 11.5% - 9.66% 7.52%
Price to Book 1.1 x 0.99 x 0.97 x 1.27 x
Nbr of stocks (in thousands) 196,046 196,046 196,046 196,046
Reference price 2 67.60 71.50 66.90 91.50
Announcement Date 14/03/22 10/03/23 06/03/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024
Net sales 1 - 12,336 18,525 14,208 16,413
EBITDA - 1,649 3,093 - -
EBIT 1 - 795.5 2,253 480.1 1,380
Operating Margin - 6.45% 12.16% 3.38% 8.41%
Earnings before Tax (EBT) 1 - 863.9 2,364 764.4 1,646
Net income 1 409.1 647.3 1,808 545 1,257
Net margin - 5.25% 9.76% 3.84% 7.66%
EPS 2 2.350 3.410 9.170 2.770 6.410
Free Cash Flow 1 - 1,521 - 1,267 1,347
FCF margin - 12.33% - 8.92% 8.21%
FCF Conversion (EBITDA) - 92.24% - - -
FCF Conversion (Net income) - 234.91% - 232.54% 107.16%
Dividend per Share - 3.500 - - -
Announcement Date 25/03/21 14/03/22 10/03/23 06/03/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 2,879 3,769 4,759 5,219 4,777 3,366 3,863 2,951 4,027 4,012 4,421 3,435 4,545
EBITDA - - - - - - - - - - - - -
EBIT 1 184.7 427.3 515.3 720.3 590.2 37.81 206 16.6 219.6 303 430 209 438
Operating Margin 6.42% 11.34% 10.83% 13.8% 12.35% 1.12% 5.33% 0.56% 5.45% 7.55% 9.73% 6.08% 9.64%
Earnings before Tax (EBT) 1 193.5 463.6 535.2 848.6 516.5 61.53 317.1 128.7 257 439.2 480 - 478
Net income 1 145.3 349.6 452.9 658.5 347.1 45.64 250 81.98 167.3 339.6 365 189 364
Net margin 5.05% 9.28% 9.52% 12.62% 7.27% 1.36% 6.47% 2.78% 4.16% 8.46% 8.26% 5.5% 8.01%
EPS 2 0.7300 1.780 2.310 3.350 1.750 0.2300 1.270 0.4200 0.8500 1.730 1.860 0.9600 1.860
Dividend per Share - - - - - - - - - - - - -
Announcement Date 14/03/22 11/05/22 26/08/22 09/11/22 10/03/23 09/05/23 18/08/23 09/11/23 06/03/24 06/05/24 - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024
Net Debt - - - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 - 1,521 - 1,267 1,347
ROE (net income / shareholders' equity) - 5.67% 13.8% 3.93% 10.3%
ROA (Net income/ Total Assets) - 3.95% 9.9% 2.73% 7%
Assets 1 - 16,386 18,259 19,983 17,957
Book Value Per Share 2 - 61.50 72.20 69.30 71.90
Cash Flow per Share - - - - -
Capex 1 - 690 1,221 1,009 800
Capex / Sales - 5.59% 6.59% 7.1% 4.87%
Announcement Date 25/03/21 14/03/22 10/03/23 06/03/24 -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
91.5 TWD
Average target price
106 TWD
Spread / Average Target
+15.85%
Consensus
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