CATHAY CONSOLIDATED, INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 120.5 TWD | -0.41% |
|
-0.41% | +0.84% |
| Feb. 27 | Cathay Consolidated, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 22 | Cathay Consolidated, Inc. Announces Cash Dividend, Payable on April 18, 2024 | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Capitalization 1 | 4,613 | 9,032 | 8,524 | 8,633 | - |
| Enterprise Value (EV) 1 | 4,613 | 9,032 | 8,524 | 8,633 | 8,633 |
| P/E ratio | 17.4 x | 17.8 x | 15.9 x | 14.5 x | 12.3 x |
| Yield | - | - | - | - | - |
| Capitalization / Revenue | - | 3.49 x | 3.32 x | 2.99 x | 2.68 x |
| EV / Revenue | - | 3.49 x | 3.32 x | 2.99 x | 2.68 x |
| EV / EBITDA | - | - | 12.1 x | 9.84 x | 8.68 x |
| EV / FCF | - | 26 x | 29.9 x | -288 x | - |
| FCF Yield | - | 3.85% | 3.34% | -0.35% | - |
| Price to Book | - | 4.5 x | 3.8 x | - | - |
| Nbr of stocks (in thousands) | 67,845 | 68,945 | 71,330 | 71,345 | - |
| Reference price 2 | 68.00 | 131.0 | 119.5 | 121.0 | 121.0 |
| Announcement Date | 2/24/22 | 2/22/23 | 2/27/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net sales 1 | - | 2,589 | 2,565 | 2,884 | 3,220 |
| EBITDA 1 | - | - | 706.3 | 877 | 994 |
| EBIT 1 | - | 552.4 | 615.4 | 742 | 857 |
| Operating Margin | - | 21.34% | 23.99% | 25.73% | 26.61% |
| Earnings before Tax (EBT) 1 | - | 614.7 | 656 | 761 | 876 |
| Net income 1 | 266.2 | 499.5 | 529.8 | 609 | 701 |
| Net margin | - | 19.29% | 20.66% | 21.12% | 21.77% |
| EPS 2 | 3.900 | 7.340 | 7.520 | 8.360 | 9.830 |
| Free Cash Flow 1 | - | 347.4 | 284.6 | -30 | - |
| FCF margin | - | 13.42% | 11.1% | -1.04% | - |
| FCF Conversion (EBITDA) | - | - | 40.3% | - | - |
| FCF Conversion (Net income) | - | 69.54% | 53.72% | - | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 2/24/22 | 2/22/23 | 2/27/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 616.1 | 619.3 | 645.3 | 708.5 | - | 663.5 | 656.4 | 656 | 665 | 762 | 801 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 108.4 | 125.2 | 137.2 | 181.6 | - | 166 | 170.5 | 169 | 172 | 195 | 206 |
| Operating Margin | 17.59% | 20.22% | 21.27% | 25.64% | - | 25.03% | 25.97% | 25.76% | 25.86% | 25.59% | 25.72% |
| Earnings before Tax (EBT) 1 | - | - | 162.7 | 175.4 | - | 192.5 | 163.6 | 174 | 180 | 204 | 203 |
| Net income 1 | - | - | 130.1 | 140.4 | 141.2 | 153.9 | 130.8 | 139 | 144 | 163 | 163 |
| Net margin | - | - | 20.16% | 19.82% | - | 23.2% | 19.93% | 21.19% | 21.65% | 21.39% | 20.35% |
| EPS 2 | - | - | 1.830 | 2.050 | 1.970 | 2.160 | 1.840 | 1.950 | 2.020 | 2.290 | 2.280 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 5/11/22 | 7/28/22 | 10/20/22 | 2/22/23 | 8/10/23 | 11/9/23 | 2/27/24 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - |
| Net Cash position | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - |
| Free Cash Flow 1 | - | 347 | 285 | -30 | - |
| ROE (net income / shareholders' equity) | - | 28% | 24.9% | 24.4% | 25.7% |
| ROA (Net income/ Total Assets) | - | 18.5% | 17% | 17.3% | 18.6% |
| Assets 1 | - | 2,694 | 3,119 | 3,524 | 3,771 |
| Book Value Per Share | - | 29.10 | 31.50 | - | - |
| Cash Flow per Share | - | - | - | - | - |
| Capex 1 | - | 260 | 245 | 100 | 100 |
| Capex / Sales | - | 10.03% | 9.56% | 3.47% | 3.11% |
| Announcement Date | 2/24/22 | 2/22/23 | 2/27/24 | - | - |
1TWD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
121
TWD
Average target price
143
TWD
Spread / Average Target
+18.18%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.84% | 264M | |
| +22.06% | 6.76B | |
| +4.62% | 3.47B | |
| +8.40% | 2.36B | |
| +18.99% | 2.33B | |
| -6.38% | 1.97B | |
| +14.78% | 1.88B | |
| +3.23% | 1.75B | |
| +33.16% | 1.68B | |
| +6.07% | 1.62B |
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- Financials Cathay Consolidated, Inc.
