Financials Taiwan Fire & Marine Insurance Co., Ltd.

Equities

2832

TW0002832003

Property & Casualty Insurance

End-of-day quote Taiwan S.E. 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
28.9 TWD +0.52% Intraday chart for Taiwan Fire & Marine Insurance Co., Ltd. +3.21% +8.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,081 7,570 7,425 7,389 7,407 9,635
Enterprise Value (EV) 1 3,843 4,221 3,812 3,272 4,384 6,557
P/E ratio 12.7 x 10.8 x 10.8 x 19.8 x 11.1 x 9.89 x
Yield 4.6% 4.78% 5.37% 3.68% 4.89% 4.89%
Capitalization / Revenue 1.43 x 1.45 x 1.37 x 0.98 x 1.25 x 1.42 x
EV / Revenue 0.78 x 0.81 x 0.7 x 0.44 x 0.74 x 0.97 x
EV / EBITDA 5.55 x 4.71 x 4.57 x 7.08 x 5.84 x 5.42 x
EV / FCF 2.69 x 3.04 x 5.73 x 4.58 x 8.65 x 5.13 x
FCF Yield 37.2% 32.9% 17.4% 21.8% 11.6% 19.5%
Price to Book 0.84 x 0.83 x 0.78 x 0.73 x 0.74 x 0.86 x
Nbr of stocks (in thousands) 362,200 362,200 362,200 362,200 362,200 362,200
Reference price 2 19.55 20.90 20.50 20.40 20.45 26.60
Announcement Date 28/03/19 23/03/20 29/03/21 24/03/22 13/03/23 14/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,936 5,228 5,431 7,518 5,933 6,766
EBITDA 1 691.9 896.9 833.5 461.9 750.9 1,210
EBIT 1 661.7 865.7 805.5 434.5 722.3 1,178
Operating Margin 13.41% 16.56% 14.83% 5.78% 12.17% 17.42%
Earnings before Tax (EBT) 1 673.4 833.7 772.9 403.4 850.4 1,178
Net income 1 560.3 703.1 687.6 373.2 672 978.3
Net margin 11.35% 13.45% 12.66% 4.96% 11.33% 14.46%
EPS 2 1.540 1.930 1.890 1.030 1.850 2.690
Free Cash Flow 1 1,430 1,387 665.1 714.5 506.7 1,278
FCF margin 28.96% 26.53% 12.25% 9.5% 8.54% 18.89%
FCF Conversion (EBITDA) 206.61% 154.66% 79.79% 154.7% 67.47% 105.67%
FCF Conversion (Net income) 255.15% 197.28% 96.73% 191.45% 75.4% 130.66%
Dividend per Share 2 0.9000 1.000 1.100 0.7500 1.000 1.300
Announcement Date 28/03/19 23/03/20 29/03/21 24/03/22 13/03/23 14/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,238 3,349 3,613 4,117 3,023 3,078
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,430 1,387 665 715 507 1,278
ROE (net income / shareholders' equity) 6.62% 8.03% 7.37% 3.78% 6.68% 9.26%
ROA (Net income/ Total Assets) 2.3% 2.94% 2.62% 1.35% 2.17% 3.37%
Assets 1 24,351 23,954 26,271 27,641 30,913 29,027
Book Value Per Share 2 23.20 25.10 26.50 28.10 27.50 30.90
Cash Flow per Share 2 8.940 9.430 10.20 11.50 8.490 8.670
Capex 1 11 8.73 10.7 19.4 28.6 6.57
Capex / Sales 0.22% 0.17% 0.2% 0.26% 0.48% 0.1%
Announcement Date 28/03/19 23/03/20 29/03/21 24/03/22 13/03/23 14/03/24
1TWD in Million2TWD
Estimates
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