BEDDING WORLD CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 45.15 TWD | +1.23% |
|
+5.24% | +6.36% |
| Apr. 09 | Bedding World Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Bedding World Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 644.5 | 666 | 785.5 | 754.2 | 843.9 | 854.9 |
| Enterprise Value (EV) 1 | 698.8 | 1,307 | 1,333 | 1,225 | 1,239 | 1,269 |
| P/E ratio | 8.1 x | 7.93 x | 8.47 x | 6.57 x | 7.2 x | 11.3 x |
| Yield | 7.81% | 7.56% | 6.41% | 8.01% | 7.16% | 5.3% |
| Capitalization / Revenue | 0.87 x | 0.87 x | 1.01 x | 0.9 x | 0.95 x | 1 x |
| EV / Revenue | 0.95 x | 1.72 x | 1.72 x | 1.46 x | 1.39 x | 1.49 x |
| EV / EBITDA | 5.59 x | 9.2 x | 8.86 x | 6.94 x | 6.95 x | 9.18 x |
| EV / FCF | 9.33 x | 9.81 x | 7.03 x | 5.64 x | 6.36 x | 8.43 x |
| FCF Yield | 10.7% | 10.2% | 14.2% | 17.7% | 15.7% | 11.9% |
| Price to Book | 1.41 x | 1.35 x | 1.47 x | 1.26 x | 1.31 x | 1.29 x |
| Nbr of stocks (in thousands) | 20,140 | 20,140 | 20,140 | 20,140 | 20,140 | 20,140 |
| Reference price 2 | 32.00 | 33.07 | 39.00 | 37.45 | 41.90 | 42.45 |
| Announcement Date | 4/22/19 | 4/23/20 | 4/21/21 | 4/21/22 | 4/12/23 | 4/9/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 737.5 | 761.3 | 776.5 | 837.8 | 890.6 | 851.2 |
| EBITDA 1 | 124.9 | 142.1 | 150.4 | 176.6 | 178.1 | 138.2 |
| EBIT 1 | 107.2 | 121.4 | 129 | 154.8 | 155.8 | 109.1 |
| Operating Margin | 14.53% | 15.94% | 16.61% | 18.48% | 17.5% | 12.82% |
| Earnings before Tax (EBT) 1 | 102.4 | 107 | 118.2 | 145.8 | 149.3 | 97.51 |
| Net income 1 | 79.54 | 84.08 | 92.77 | 114.8 | 117.3 | 75.47 |
| Net margin | 10.78% | 11.04% | 11.95% | 13.7% | 13.17% | 8.87% |
| EPS 2 | 3.949 | 4.170 | 4.606 | 5.700 | 5.820 | 3.747 |
| Free Cash Flow 1 | 74.87 | 133.3 | 189.6 | 217.3 | 194.6 | 150.6 |
| FCF margin | 10.15% | 17.5% | 24.41% | 25.94% | 21.85% | 17.7% |
| FCF Conversion (EBITDA) | 59.93% | 93.79% | 126.03% | 123.04% | 109.27% | 109% |
| FCF Conversion (Net income) | 94.13% | 158.49% | 204.35% | 189.27% | 166% | 199.59% |
| Dividend per Share 2 | 2.500 | 2.500 | 2.500 | 3.000 | 3.000 | 2.250 |
| Announcement Date | 4/22/19 | 4/23/20 | 4/21/21 | 4/21/22 | 4/12/23 | 4/9/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 54.3 | 641 | 548 | 471 | 395 | 414 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.435 x | 4.513 x | 3.642 x | 2.666 x | 2.217 x | 2.997 x |
| Free Cash Flow 1 | 74.9 | 133 | 190 | 217 | 195 | 151 |
| ROE (net income / shareholders' equity) | 18% | 17.6% | 18.1% | 20.2% | 18.8% | 11.5% |
| ROA (Net income/ Total Assets) | 7.47% | 6.33% | 5.36% | 6.1% | 5.82% | 4.07% |
| Assets 1 | 1,064 | 1,327 | 1,730 | 1,881 | 2,015 | 1,856 |
| Book Value Per Share 2 | 22.70 | 24.50 | 26.60 | 29.80 | 32.10 | 32.80 |
| Cash Flow per Share 2 | 11.40 | 10.50 | 13.90 | 18.80 | 21.90 | 19.70 |
| Capex 1 | 12.8 | 2.35 | 11.2 | 18.3 | 24.9 | 16.9 |
| Capex / Sales | 1.74% | 0.31% | 1.45% | 2.19% | 2.8% | 1.99% |
| Announcement Date | 4/22/19 | 4/23/20 | 4/21/21 | 4/21/22 | 4/12/23 | 4/9/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +6.36% | 28.24M | |
| +4.06% | 9.21B | |
| +9.14% | 4.3B | |
| +35.05% | 2.84B | |
| +19.34% | 2.02B | |
| -1.60% | 1.55B | |
| +40.92% | 1.24B | |
| -24.94% | 1.21B | |
| +26.40% | 1.13B | |
| +15.95% | 978M |
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