WPG HOLDINGS LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 88.8 TWD | +0.68% |
|
+0.45% | +8.82% |
| May. 14 | WPG Obtains 6 Million Yuan Worth of Government Grants | MT |
| May. 10 | WPG Holdings Limited Reports Revenue Results for the Month and Year to Date Ended April 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 73,471 | 72,032 | 88,318 | 80,763 | 137,011 | 149,100 | - | - |
| Enterprise Value (EV) 1 | 146,330 | 145,085 | 196,438 | 80,763 | 237,461 | 220,904 | 229,784 | 239,188 |
| P/E ratio | 10.2 x | 8.99 x | 7.97 x | 7.99 x | 17.8 x | 20.7 x | 15.3 x | 9.52 x |
| Yield | 6.14% | 7.23% | 6.65% | - | - | 3.73% | 5.39% | 6.8% |
| Capitalization / Revenue | 0.14 x | 0.12 x | 0.11 x | 0.1 x | 0.2 x | 0.19 x | 0.17 x | 0.14 x |
| EV / Revenue | 0.28 x | 0.24 x | 0.25 x | 0.1 x | 0.35 x | 0.28 x | 0.27 x | 0.22 x |
| EV / EBITDA | 14.3 x | 13.3 x | 13.3 x | 5.14 x | 20.6 x | 13.5 x | 13.5 x | 11.7 x |
| EV / FCF | - | 12,308,762 x | - | - | - | - | - | - |
| FCF Yield | - | 0% | - | - | - | - | - | - |
| Price to Book | 1.03 x | 1.1 x | 1.25 x | - | 1.86 x | 1.66 x | 1.53 x | 1.41 x |
| Nbr of stocks (in thousands) | 1,879,057 | 1,679,057 | 1,679,057 | 1,679,057 | 1,679,057 | 1,679,057 | - | - |
| Reference price 2 | 39.10 | 42.90 | 52.60 | 48.10 | 81.60 | 88.80 | 88.80 | 88.80 |
| Announcement Date | 3/18/20 | 3/30/21 | 3/1/22 | 3/1/23 | 2/29/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 527,601 | 609,886 | 778,573 | 775,232 | 671,888 | 780,935 | 857,878 | 1,070,099 |
| EBITDA 1 | 10,261 | 10,879 | 14,777 | 15,723 | 11,520 | 16,325 | 17,032 | 20,487 |
| EBIT 1 | 9,613 | 10,050 | 13,804 | 14,700 | 10,395 | 13,667 | 15,150 | 19,448 |
| Operating Margin | 1.82% | 1.65% | 1.77% | 1.9% | 1.55% | 1.75% | 1.77% | 1.82% |
| Earnings before Tax (EBT) 1 | 8,188 | 9,888 | - | 12,710 | 10,282 | 6,732 | 8,274 | - |
| Net income 1 | 6,453 | 8,123 | - | 10,512 | 8,109 | 5,508 | 6,837 | - |
| Net margin | 1.22% | 1.33% | - | 1.36% | 1.21% | 0.71% | 0.8% | - |
| EPS 2 | 3.840 | 4.770 | 6.600 | 6.020 | 4.590 | 4.280 | 5.800 | 9.330 |
| Free Cash Flow | - | 11,787 | - | - | - | - | - | - |
| FCF margin | - | 1.93% | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | 108.35% | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | 145.1% | - | - | - | - | - | - |
| Dividend per Share 2 | 2.400 | 3.100 | 3.500 | - | - | 3.310 | 4.790 | 6.040 |
| Announcement Date | 3/18/20 | 3/30/21 | 3/1/22 | 3/1/23 | 2/29/24 | - | - | - |
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 | 199,342 | - | 199,056 | 189,823 | 176,488 | 144,754 | 156,690 | 187,355 | 183,090 | 181,904 | 172,058 | 193,678 | 191,432 | 178,209 | 182,000 |
| EBITDA | - | - | - | - | 3,413 | 2,213 | 2,739 | 3,243 | - | - | - | - | - | - | - |
| EBIT 1 | - | - | 3,642 | 3,558 | 3,146 | 1,941 | 2,466 | 2,964 | 3,023 | 3,252 | 2,798 | 3,388 | 3,028 | 3,069 | 3,055 |
| Operating Margin | - | - | 1.83% | 1.87% | 1.78% | 1.34% | 1.57% | 1.58% | 1.65% | 1.79% | 1.63% | 1.75% | 1.58% | 1.72% | 1.68% |
| Earnings before Tax (EBT) 1 | - | - | 3,596 | 3,265 | 1,677 | 866.2 | 3,601 | 1,898 | 3,917 | 2,371 | 1,484 | 2,394 | 1,643 | 1,669 | 1,960 |
| Net income 1 | 2,705 | - | 2,897 | 2,762 | 1,410 | 684.9 | 2,317 | 1,592 | 3,515 | 1,949 | 1,185 | 2,009 | 1,333 | 1,342 | 1,570 |
| Net margin | 1.36% | - | 1.46% | 1.45% | 0.8% | 0.47% | 1.48% | 0.85% | 1.92% | 1.07% | 0.69% | 1.04% | 0.7% | 0.75% | 0.86% |
| EPS 2 | 1.610 | 2.050 | 1.490 | 1.640 | 0.8400 | 0.4100 | 1.140 | 0.9500 | 2.090 | 1.160 | 0.7850 | 1.375 | 1.250 | 1.285 | 1.360 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/1/22 | 5/11/22 | 8/11/22 | 11/10/22 | 3/1/23 | 5/12/23 | 8/11/23 | 11/13/23 | 2/29/24 | 5/9/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 72,859 | 73,054 | 108,120 | - | 100,450 | 71,804 | 80,684 | 90,087 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.1 x | 6.715 x | 7.317 x | - | 8.72 x | 4.398 x | 4.737 x | 4.397 x |
| Free Cash Flow | - | 11,787 | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 11% | 12.6% | 16.9% | - | 9.8% | 10.2% | 10.6% | 15.4% |
| ROA (Net income/ Total Assets) | 3.03% | 3.5% | - | - | 2.57% | 1.64% | 1.81% | - |
| Assets 1 | 213,202 | 232,162 | - | - | 315,312 | 335,854 | 377,735 | - |
| Book Value Per Share 2 | 37.80 | 39.00 | 41.90 | - | 43.90 | 53.40 | 58.10 | 63.10 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 355 | 6,038 | - | - | 643 | 120 | 121 | - |
| Capex / Sales | 0.07% | 0.99% | - | - | 0.1% | 0.02% | 0.01% | - |
| Announcement Date | 3/18/20 | 3/30/21 | 3/1/22 | 3/1/23 | 2/29/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
88.8
TWD
Average target price
85.3
TWD
Spread / Average Target
-3.94%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.82% | 4.6B | |
| +8.00% | 4.11B | |
| -10.07% | 2.55B | |
| +36.36% | 1.36B | |
| 0.00% | 1.22B | |
| +44.70% | 1.07B | |
| +28.80% | 928M | |
| -8.76% | 897M | |
| -19.16% | 760M | |
| -5.89% | 616M |
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- Financials WPG Holdings Limited
