UNI-PRESIDENT ENTERPRISES CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 78.2 TWD | +1.30% |
|
+0.77% | +4.97% |
| May. 10 | Uni-President China's Q1 Profit Nears 457 Million Yuan | MT |
| Mar. 11 | Uni-President Enterprises Corp. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 421,606 | 383,536 | 389,786 | 378,422 | 423,310 | 444,902 | - | - |
| Enterprise Value (EV) 1 | 441,555 | 465,917 | 469,461 | 461,914 | 423,310 | 415,022 | 387,204 | 366,543 |
| P/E ratio | 22.3 x | 17.9 x | 19.7 x | 22.1 x | 23.1 x | 20.2 x | 18.1 x | 17.4 x |
| Yield | 3.37% | 4% | 3.94% | 4.73% | - | 3.86% | 4.44% | 4.93% |
| Capitalization / Revenue | 0.94 x | 0.86 x | 0.82 x | 0.72 x | 0.73 x | 0.69 x | 0.66 x | 0.63 x |
| EV / Revenue | 0.99 x | 1.04 x | 0.99 x | 0.88 x | 0.73 x | 0.64 x | 0.58 x | 0.52 x |
| EV / EBITDA | 7.16 x | 7.46 x | 7.62 x | 7.28 x | 6.28 x | 5.26 x | 5.06 x | 4.27 x |
| EV / FCF | 10 x | 10.3 x | 11.9 x | 10.3 x | - | 6.01 x | 8.31 x | 6.85 x |
| FCF Yield | 9.99% | 9.75% | 8.43% | 9.7% | - | 16.6% | 12% | 14.6% |
| Price to Book | 3.89 x | 3.35 x | 3.34 x | 3.01 x | - | 3.31 x | 3.14 x | 3.48 x |
| Nbr of stocks (in thousands) | 5,682,015 | 5,682,015 | 5,682,015 | 5,682,015 | 5,682,015 | 5,682,015 | - | - |
| Reference price 2 | 74.20 | 67.50 | 68.60 | 66.60 | 74.50 | 78.20 | 78.20 | 78.20 |
| Announcement Date | 3/26/20 | 3/24/21 | 3/10/22 | 3/9/23 | 3/11/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 447,978 | 447,320 | 473,502 | 524,832 | 581,103 | 648,058 | 672,081 | 709,288 |
| EBITDA 1 | 61,640 | 62,484 | 61,617 | 63,420 | 67,432 | 78,939 | 76,477 | 85,938 |
| EBIT 1 | 29,628 | 29,784 | 28,392 | 29,017 | 28,641 | 33,756 | 38,658 | 39,289 |
| Operating Margin | 6.61% | 6.66% | 6% | 5.53% | 4.93% | 5.21% | 5.75% | 5.54% |
| Earnings before Tax (EBT) 1 | 36,397 | 38,438 | 36,268 | 35,342 | 48,691 | 43,342 | 45,917 | 47,269 |
| Net income 1 | 19,007 | 21,542 | 19,879 | 17,168 | 18,336 | 21,962 | 24,318 | 25,512 |
| Net margin | 4.24% | 4.82% | 4.2% | 3.27% | 3.16% | 3.39% | 3.62% | 3.6% |
| EPS 2 | 3.330 | 3.770 | 3.480 | 3.010 | 3.230 | 3.863 | 4.331 | 4.491 |
| Free Cash Flow 1 | 44,108 | 45,407 | 39,562 | 44,825 | - | 69,082 | 46,619 | 53,511 |
| FCF margin | 9.85% | 10.15% | 8.36% | 8.54% | - | 10.66% | 6.94% | 7.54% |
| FCF Conversion (EBITDA) | 71.56% | 72.67% | 64.21% | 70.68% | - | 87.51% | 60.96% | 62.27% |
| FCF Conversion (Net income) | 232.06% | 210.78% | 199.02% | 261.09% | - | 314.55% | 191.71% | 209.75% |
| Dividend per Share 2 | 2.500 | 2.700 | 2.700 | 3.150 | - | 3.019 | 3.474 | 3.853 |
| Announcement Date | 3/26/20 | 3/24/21 | 3/10/22 | 3/9/23 | 3/11/24 | - | - | - |
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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 115,783 | 124,204 | 130,531 | 141,762 | 128,334 | 131,404 | 137,398 | 165,046 | 147,255 | 158,756 | 163,631 | 172,355 | 153,450 | 156,770 | 169,598 |
| EBITDA 1 | 13,524 | 16,154 | 15,889 | 17,612 | 13,765 | 15,573 | 16,759 | - | 15,218 | 19,222 | 18,568 | 19,815 | 16,881 | 18,173 | 19,646 |
| EBIT 1 | 5,241 | 7,956 | 7,120 | 8,997 | 4,943 | 6,782 | 7,857 | 9,480 | 4,522 | 8,684 | 9,494 | 10,486 | 6,629 | 9,129 | 10,322 |
| Operating Margin | 4.53% | 6.41% | 5.45% | 6.35% | 3.85% | 5.16% | 5.72% | 5.74% | 3.07% | 5.47% | 5.8% | 6.08% | 4.32% | 5.82% | 6.09% |
| Earnings before Tax (EBT) 1 | 6,965 | 8,538 | 9,625 | 11,369 | 5,810 | 10,313 | 20,953 | 10,933 | 6,491 | 10,860 | 11,499 | 12,368 | 8,766 | 10,678 | 11,179 |
| Net income 1 | 3,378 | 4,234 | 4,853 | 5,526 | 2,555 | 5,001 | 6,204 | 5,569 | 1,562 | 5,534 | 6,157 | 6,310 | 4,412 | 5,488 | 6,176 |
| Net margin | 2.92% | 3.41% | 3.72% | 3.9% | 1.99% | 3.81% | 4.52% | 3.37% | 1.06% | 3.49% | 3.76% | 3.66% | 2.88% | 3.5% | 3.64% |
| EPS 2 | 0.5900 | 0.7400 | 0.8500 | 0.9700 | 0.4500 | 0.8800 | 1.090 | 0.9800 | 0.2800 | 0.9700 | 0.9834 | 1.149 | 0.7658 | 1.026 | 1.046 |
| Dividend per Share 2 | - | - | - | - | - | - | - | 3.150 | - | - | - | 2.785 | - | - | - |
| Announcement Date | 3/10/22 | 5/12/22 | 8/11/22 | 11/10/22 | 3/9/23 | 5/11/23 | 8/11/23 | 11/10/23 | 3/11/24 | 5/10/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 19,949 | 82,381 | 79,675 | 83,492 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 29,880 | 57,698 | 78,359 |
| Leverage (Debt/EBITDA) | 0.3236 x | 1.318 x | 1.293 x | 1.316 x | - | - | - | - |
| Free Cash Flow 1 | 44,108 | 45,407 | 39,562 | 44,825 | - | 69,082 | 46,619 | 53,511 |
| ROE (net income / shareholders' equity) | 17.7% | 19.3% | 17.2% | 14.2% | - | 15.7% | 17.8% | 18.6% |
| ROA (Net income/ Total Assets) | 4.3% | 4.43% | 3.94% | 3.22% | - | 3.32% | 4% | 3.63% |
| Assets 1 | 442,307 | 486,394 | 504,686 | 532,719 | - | 662,506 | 607,949 | 702,173 |
| Book Value Per Share 2 | 19.10 | 20.10 | 20.50 | 22.10 | - | 23.60 | 24.90 | 22.40 |
| Cash Flow per Share 2 | 10.30 | 10.80 | 9.920 | 11.00 | - | 11.00 | 11.30 | 11.90 |
| Capex 1 | 14,764 | 16,313 | 16,791 | 17,947 | - | 20,571 | 21,318 | 23,505 |
| Capex / Sales | 3.3% | 3.65% | 3.55% | 3.42% | - | 3.17% | 3.17% | 3.31% |
| Announcement Date | 3/26/20 | 3/24/21 | 3/10/22 | 3/9/23 | 3/11/24 | - | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
78.2
TWD
Average target price
78.08
TWD
Spread / Average Target
-0.15%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.97% | 13.7B | |
| -2.74% | 274B | |
| -0.97% | 96.26B | |
| -1.46% | 44.31B | |
| +12.81% | 42.37B | |
| +1.06% | 41.57B | |
| +8.32% | 39.88B | |
| -13.56% | 30.97B | |
| -6.54% | 29.04B | |
| +14.96% | 25.19B |
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