CHIAN HSING FORGING INDUSTRIAL CO., LTD. Financials Chian Hsing Forging Industrial Co., Ltd.
Equities
4528
TW0004528005
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 29.45 TWD | +0.51% |
|
-0.34% | -4.54% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,734 | 3,749 | 3,940 | 3,244 | 2,685 | 2,597 |
| Enterprise Value (EV) 1 | 4,195 | 4,322 | 4,512 | 4,017 | 3,596 | 3,252 |
| P/E ratio | 13.4 x | 16 x | 16.9 x | 17.9 x | 14.9 x | 34 x |
| Yield | 4.3% | 3.67% | 3.5% | 1.18% | 4.08% | 1.94% |
| Capitalization / Revenue | 1.33 x | 1.32 x | 1.74 x | 1.28 x | 1.1 x | 1.33 x |
| EV / Revenue | 1.49 x | 1.52 x | 1.99 x | 1.58 x | 1.48 x | 1.67 x |
| EV / EBITDA | 7 x | 7.81 x | 9.04 x | 9.23 x | 11.7 x | 11.1 x |
| EV / FCF | 24.1 x | 75.2 x | 228 x | -8.67 x | -16.2 x | 9.77 x |
| FCF Yield | 4.15% | 1.33% | 0.44% | -11.5% | -6.19% | 10.2% |
| Price to Book | 1.9 x | 1.88 x | 1.88 x | 1.52 x | 1.16 x | 1.16 x |
| Nbr of stocks (in thousands) | 84,166 | 84,166 | 84,166 | 84,166 | 84,166 | 84,166 |
| Reference price 2 | 44.36 | 44.55 | 46.82 | 38.55 | 31.90 | 30.85 |
| Announcement Date | 3/27/19 | 3/30/20 | 3/25/21 | 3/29/22 | 3/27/23 | 3/20/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,813 | 2,836 | 2,264 | 2,535 | 2,431 | 1,949 |
| EBITDA 1 | 599.5 | 553.1 | 499.2 | 435.2 | 308.2 | 294.1 |
| EBIT 1 | 387.6 | 312.7 | 278.7 | 221.7 | 116.9 | 84.94 |
| Operating Margin | 13.78% | 11.03% | 12.31% | 8.74% | 4.81% | 4.36% |
| Earnings before Tax (EBT) 1 | 378.4 | 308.1 | 292.9 | 226 | 227.8 | 93.77 |
| Net income 1 | 277.9 | 234.3 | 233.2 | 181.3 | 180.1 | 76.37 |
| Net margin | 9.88% | 8.26% | 10.3% | 7.15% | 7.41% | 3.92% |
| EPS 2 | 3.300 | 2.782 | 2.770 | 2.154 | 2.140 | 0.9074 |
| Free Cash Flow 1 | 174 | 57.45 | 19.78 | -463.1 | -222.4 | 332.9 |
| FCF margin | 6.19% | 2.03% | 0.87% | -18.27% | -9.15% | 17.08% |
| FCF Conversion (EBITDA) | 29.03% | 10.39% | 3.96% | - | - | 113.16% |
| FCF Conversion (Net income) | 62.63% | 24.51% | 8.48% | - | - | 435.84% |
| Dividend per Share 2 | 1.909 | 1.636 | 1.636 | 0.4545 | 1.300 | 0.6000 |
| Announcement Date | 3/27/19 | 3/30/20 | 3/25/21 | 3/29/22 | 3/27/23 | 3/20/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|
| Net sales 1 | 602.7 | 635.3 | - | 496 | 527.1 |
| EBITDA | - | - | - | - | - |
| EBIT 1 | 45.21 | 27.78 | - | 18.27 | 28.47 |
| Operating Margin | 7.5% | 4.37% | - | 3.68% | 5.4% |
| Earnings before Tax (EBT) | - | - | - | - | - |
| Net income | - | - | 14.45 | - | - |
| Net margin | - | - | - | - | - |
| EPS 2 | - | - | 0.1700 | - | 0.3100 |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 11/10/21 | 3/25/22 | 8/10/23 | 11/10/23 | 3/20/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 461 | 573 | 571 | 772 | 911 | 655 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.7696 x | 1.035 x | 1.144 x | 1.775 x | 2.957 x | 2.228 x |
| Free Cash Flow 1 | 174 | 57.4 | 19.8 | -463 | -222 | 333 |
| ROE (net income / shareholders' equity) | 14.4% | 11.8% | 11.4% | 8.55% | 8.08% | 3.35% |
| ROA (Net income/ Total Assets) | 6.3% | 5.01% | 4.4% | 3.23% | 1.62% | 1.28% |
| Assets 1 | 4,411 | 4,681 | 5,295 | 5,614 | 11,106 | 5,956 |
| Book Value Per Share 2 | 23.30 | 23.70 | 25.00 | 25.40 | 27.50 | 26.60 |
| Cash Flow per Share 2 | 9.260 | 9.810 | 9.160 | 11.70 | 9.060 | 7.610 |
| Capex 1 | 318 | 386 | 275 | 491 | 447 | 163 |
| Capex / Sales | 11.31% | 13.6% | 12.14% | 19.38% | 18.38% | 8.38% |
| Announcement Date | 3/27/19 | 3/30/20 | 3/25/21 | 3/29/22 | 3/27/23 | 3/20/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -4.54% | 76.44M | |
| +20.29% | 47.59B | |
| -7.78% | 22.51B | |
| +27.61% | 20.6B | |
| +38.33% | 18.17B | |
| -4.22% | 14.94B | |
| -18.00% | 13.48B | |
| -19.29% | 13.4B | |
| +43.79% | 10.87B | |
| +25.00% | 10.15B |
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- Financials Chian Hsing Forging Industrial Co., Ltd.