Financials Fine Blanking & Tool Co., Ltd

Equities

4535

TW0004535000

Auto & Truck Manufacturers

End-of-day quote Taipei Exchange 06:00:00 2024-05-27 pm EDT 5-day change 1st Jan Change
34.15 TWD -0.15% Intraday chart for Fine Blanking & Tool Co., Ltd +0.74% -5.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,357 2,100 2,398 2,542 2,905 2,731
Enterprise Value (EV) 1 1,697 1,359 1,527 1,537 1,819 1,553
P/E ratio 24.2 x 37.9 x 23.3 x 14 x 13.6 x 15.1 x
Yield 3.69% 3.6% 2.21% 4.76% 5.21% 4.43%
Capitalization / Revenue 0.82 x 0.9 x 1.14 x 0.92 x 0.92 x 0.96 x
EV / Revenue 0.59 x 0.58 x 0.72 x 0.56 x 0.58 x 0.54 x
EV / EBITDA 5.23 x 5.19 x 5.77 x 3.62 x 3.87 x 3.55 x
EV / FCF 5.18 x 5.4 x 5.66 x 6.88 x 10.9 x 4.61 x
FCF Yield 19.3% 18.5% 17.7% 14.5% 9.16% 21.7%
Price to Book 1.06 x 0.96 x 1.09 x 1.1 x 1.19 x 1.11 x
Nbr of stocks (in thousands) 75,662 75,662 75,662 75,662 75,662 75,662
Reference price 2 31.15 27.75 31.70 33.60 38.40 36.10
Announcement Date 4/1/19 3/30/20 3/30/21 3/30/22 3/15/23 3/15/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,887 2,342 2,112 2,766 3,141 2,860
EBITDA 1 324.5 261.8 264.6 424.8 470 437.2
EBIT 1 179.7 148.4 171.8 333.9 376.7 333.4
Operating Margin 6.23% 6.34% 8.13% 12.07% 11.99% 11.66%
Earnings before Tax (EBT) 1 205.4 180.8 180.4 343.5 418.2 372.9
Net income 1 97.19 55.37 103.1 181.2 213.4 181.4
Net margin 3.37% 2.36% 4.88% 6.55% 6.79% 6.34%
EPS 2 1.285 0.7318 1.362 2.395 2.820 2.398
Free Cash Flow 1 327.8 251.8 270 223.4 166.6 336.9
FCF margin 11.36% 10.75% 12.78% 8.08% 5.3% 11.78%
FCF Conversion (EBITDA) 101.01% 96.19% 102.02% 52.59% 35.45% 77.06%
FCF Conversion (Net income) 337.28% 454.74% 261.92% 123.28% 78.09% 185.69%
Dividend per Share 2 1.150 1.000 0.7000 1.600 2.000 1.600
Announcement Date 4/1/19 3/30/20 3/30/21 3/30/22 3/15/23 3/15/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 660 741 872 1,005 1,086 1,179
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 328 252 270 223 167 337
ROE (net income / shareholders' equity) 6.06% 4.84% 5.85% 10.1% 11.4% 9.84%
ROA (Net income/ Total Assets) 3.72% 3.23% 3.75% 6.96% 7.33% 6.33%
Assets 1 2,615 1,716 2,750 2,605 2,911 2,867
Book Value Per Share 2 29.40 28.80 29.00 30.60 32.30 32.50
Cash Flow per Share 2 5.260 6.120 9.610 11.90 11.60 13.10
Capex 1 56.3 57.7 43.8 74.7 175 123
Capex / Sales 1.95% 2.46% 2.08% 2.7% 5.58% 4.31%
Announcement Date 4/1/19 3/30/20 3/30/21 3/30/22 3/15/23 3/15/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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