Financials Charoen Pokphand Enterprise (Taiwan) Co., Ltd.

Equities

1215

TW0001215002

Food Processing

End-of-day quote Taiwan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
107.5 TWD +2.87% Intraday chart for Charoen Pokphand Enterprise (Taiwan) Co., Ltd. +3.86% +11.86%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 14,257 17,741 19,403 21,600 23,082 28,329
Enterprise Value (EV) 1 20,075 24,211 27,424 33,468 36,712 42,014
P/E ratio 15 x 12.1 x 11.7 x 16 x 14.9 x 12.5 x
Yield 5.64% 6.04% 6.22% 3.72% 4.47% -
Capitalization / Revenue 0.67 x 0.84 x 0.87 x 0.87 x 0.8 x 0.97 x
EV / Revenue 0.95 x 1.14 x 1.24 x 1.35 x 1.27 x 1.44 x
EV / EBITDA 11 x 11.5 x 10.7 x 11.7 x 10.9 x 10.8 x
EV / FCF -21 x -43.1 x -49 x -24.1 x -45.8 x 38.4 x
FCF Yield -4.75% -2.32% -2.04% -4.15% -2.18% 2.6%
Price to Book 2.06 x 2.24 x 2.34 x 2.66 x 2.57 x 2.9 x
Nbr of stocks (in thousands) 294,790 294,790 294,790 294,790 294,790 294,790
Reference price 2 48.36 60.18 65.82 73.27 78.30 96.10
Announcement Date 3/27/19 3/30/20 3/24/21 3/30/22 3/15/23 3/14/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 21,235 21,174 22,190 24,841 28,959 29,160
EBITDA 1 1,832 2,106 2,562 2,870 3,363 3,872
EBIT 1 1,278 1,472 1,872 1,604 1,982 2,889
Operating Margin 6.02% 6.95% 8.44% 6.46% 6.84% 9.91%
Earnings before Tax (EBT) 1 1,308 2,203 2,049 1,645 1,928 2,815
Net income 1 950.7 1,464 1,657 1,356 1,555 2,269
Net margin 4.48% 6.91% 7.47% 5.46% 5.37% 7.78%
EPS 2 3.218 4.957 5.611 4.591 5.270 7.690
Free Cash Flow 1 -953.8 -561.2 -559.8 -1,388 -800.9 1,093
FCF margin -4.49% -2.65% -2.52% -5.59% -2.77% 3.75%
FCF Conversion (EBITDA) - - - - - 28.22%
FCF Conversion (Net income) - - - - - 48.16%
Dividend per Share 2 2.727 3.636 4.091 2.727 3.500 -
Announcement Date 3/27/19 3/30/20 3/24/21 3/30/22 3/15/23 3/14/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,818 6,470 8,021 11,868 13,630 13,685
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.176 x 3.072 x 3.131 x 4.135 x 4.052 x 3.534 x
Free Cash Flow 1 -954 -561 -560 -1,388 -801 1,093
ROE (net income / shareholders' equity) 14% 22.9% 18.9% 15.2% 17.1% 22.9%
ROA (Net income/ Total Assets) 5.38% 5.34% 6.13% 4.69% 5% 6.72%
Assets 1 17,661 27,407 27,053 28,882 31,119 33,775
Book Value Per Share 2 23.50 26.90 28.20 27.60 30.50 33.10
Cash Flow per Share 2 0.4600 2.960 0.8400 0.6300 1.060 0.9300
Capex 1 1,717 1,950 2,816 2,326 2,255 2,460
Capex / Sales 8.09% 9.21% 12.69% 9.36% 7.79% 8.44%
Announcement Date 3/27/19 3/30/20 3/24/21 3/30/22 3/15/23 3/14/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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