TAIWAN BENEFIT COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 22.05 TWD | +9.98% |
|
+41.80% | +40.45% |
| 05-14 | Taiwan Benefit Company Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 03-18 | Taiwan Benefit Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 354.9 | 384.2 | 504.1 | 481.2 | 445.1 | 597.3 |
| Enterprise Value (EV) 1 | 354.1 | 331.4 | 417.7 | 329.6 | 373.5 | 477.1 |
| P/E ratio | -9.07 x | -6.23 x | 28.3 x | 47.1 x | -21.3 x | -131 x |
| Yield | - | - | 2.26% | 1.98% | - | 1.27% |
| Capitalization / Revenue | 0.68 x | 0.75 x | 0.99 x | 0.67 x | 0.76 x | 0.99 x |
| EV / Revenue | 0.68 x | 0.65 x | 0.82 x | 0.46 x | 0.64 x | 0.79 x |
| EV / EBITDA | -7.32 x | -5.22 x | -4.29 x | 31.5 x | -12.8 x | -36.5 x |
| EV / FCF | -3.4 x | 7.84 x | -8.95 x | 4.48 x | -5.81 x | 35.6 x |
| FCF Yield | -29.4% | 12.8% | -11.2% | 22.3% | -17.2% | 2.81% |
| Price to Book | 0.71 x | 0.86 x | 1.08 x | 1.02 x | 0.96 x | 0.99 x |
| Nbr of stocks (in thousands) | 38,042 | 38,042 | 38,042 | 38,042 | 38,042 | 38,042 |
| Reference price 2 | 9.330 | 10.10 | 13.25 | 12.65 | 11.70 | 15.70 |
| Announcement Date | 01/04/19 | 30/03/20 | 31/03/21 | 29/03/22 | 30/03/23 | 18/03/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 523.2 | 510.6 | 506.8 | 715.1 | 582.1 | 601.4 |
| EBITDA 1 | -48.38 | -63.46 | -97.46 | 10.45 | -29.25 | -13.05 |
| EBIT 1 | -54.51 | -68.22 | -102.1 | 1.586 | -38.28 | -22.03 |
| Operating Margin | -10.42% | -13.36% | -20.14% | 0.22% | -6.58% | -3.66% |
| Earnings before Tax (EBT) 1 | -44.55 | -64.84 | 14.23 | 14.16 | -21.23 | -4.567 |
| Net income 1 | -39.12 | -61.3 | 17.8 | 10.21 | -20.87 | -4.557 |
| Net margin | -7.48% | -12.01% | 3.51% | 1.43% | -3.59% | -0.76% |
| EPS 2 | -1.028 | -1.622 | 0.4680 | 0.2684 | -0.5500 | -0.1200 |
| Free Cash Flow 1 | -104.3 | 42.25 | -46.65 | 73.54 | -64.32 | 13.41 |
| FCF margin | -19.93% | 8.27% | -9.2% | 10.28% | -11.05% | 2.23% |
| FCF Conversion (EBITDA) | - | - | - | 703.69% | - | - |
| FCF Conversion (Net income) | - | - | - | 720.3% | - | - |
| Dividend per Share | - | - | 0.3000 | 0.2500 | - | 0.2000 |
| Announcement Date | 01/04/19 | 30/03/20 | 31/03/21 | 29/03/22 | 30/03/23 | 18/03/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 0.8 | 52.9 | 86.3 | 152 | 71.6 | 120 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -104 | 42.3 | -46.6 | 73.5 | -64.3 | 13.4 |
| ROE (net income / shareholders' equity) | -7.38% | -13% | 3.89% | 2.17% | -4.47% | -0.86% |
| ROA (Net income/ Total Assets) | -3.9% | -4.5% | -6.13% | 0.1% | -2.53% | -1.24% |
| Assets 1 | 1,003 | 1,363 | -290.5 | 10,429 | 824.7 | 367.6 |
| Book Value Per Share 2 | 13.10 | 11.80 | 12.30 | 12.40 | 12.20 | 15.80 |
| Cash Flow per Share 2 | 1.790 | 2.590 | 2.830 | 4.830 | 3.270 | 3.770 |
| Capex 1 | 89.4 | 37.7 | 19.1 | 0.69 | 0.78 | 1.01 |
| Capex / Sales | 17.08% | 7.37% | 3.76% | 0.1% | 0.13% | 0.17% |
| Announcement Date | 01/04/19 | 30/03/20 | 31/03/21 | 29/03/22 | 30/03/23 | 18/03/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +40.45% | 25.79M | |
| -11.14% | 13.44B | |
| +1.43% | 5.06B | |
| -5.55% | 4.93B | |
| +23.45% | 4.87B | |
| +12.70% | 4.32B | |
| -21.91% | 4.29B | |
| +46.61% | 3.9B | |
| +2.03% | 3.36B | |
| -2.22% | 3.21B |
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