Financials Chung Hwa Pulp Corporation

Equities

1905

TW0001905008

Paper Products

End-of-day quote Taiwan S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
23.15 TWD -3.94% Intraday chart for Chung Hwa Pulp Corporation +1.76% -1.70%

Valuation

Fiscal Period: December 2019 2020 2022 2023 2024 2025
Capitalization 1 9,903 13,260 17,553 25,596 25,162 -
Enterprise Value (EV) 1 9,903 13,260 17,553 25,596 25,162 25,162
P/E ratio - - 39.4 x - - -
Yield - - - - - -
Capitalization / Revenue 0.48 x 0.71 x - 1.22 x 1.19 x 1.15 x
EV / Revenue 0.48 x 0.71 x - 1.22 x 1.19 x 1.15 x
EV / EBITDA 12.9 x 17.4 x - 72.1 x 20.6 x 17.6 x
EV / FCF - -6,060,155 x - - - -
FCF Yield - -0% - - - -
Price to Book - - - - - -
Nbr of stocks (in thousands) 1,102,835 1,086,891 1,086,891 1,086,891 1,086,891 -
Reference price 2 8.980 12.20 16.15 23.55 23.15 23.15
Announcement Date 3/25/20 3/29/21 3/16/23 3/15/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2022 2023 2024 2025
Net sales 1 20,689 18,617 - 20,955 21,077 21,928
EBITDA 1 764.8 763.7 - 355.1 1,224 1,433
EBIT 1 -383.8 -390.2 - -859.2 -446 -172
Operating Margin -1.85% -2.1% - -4.1% -2.12% -0.78%
Earnings before Tax (EBT) - - - - - -
Net income - - 445.9 - - -
Net margin - - - - - -
EPS - - 0.4100 - - -
Free Cash Flow - -2,188 - - - -
FCF margin - -11.75% - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/25/20 3/29/21 3/16/23 3/15/24 - -
1TWD in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 5,177 - 5,052 4,980 5,458 5,145 5,153 5,194 5,585 5,424
EBITDA - - - - - - - - - -
EBIT 1 13.23 - -403.7 -358.3 47.28 -39 -112 -296 - -100
Operating Margin 0.26% - -7.99% -7.19% 0.87% -0.76% -2.17% -5.7% - -1.84%
Earnings before Tax (EBT) - - - - - - - - - -
Net income - -170.1 - - - - - - - -
Net margin - - - - - - - - - -
EPS - -0.1600 - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 11/12/21 6/17/23 8/14/23 11/14/23 3/15/24 - - - - -
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - -2,188 - - - -
ROE (net income / shareholders' equity) -1.59% -1.35% - - -1.05% 0.21%
ROA (Net income/ Total Assets) -0.78% -0.63% - - -0.53% 0.11%
Assets - - - - - -
Book Value Per Share - - - - - -
Cash Flow per Share - - - - - -
Capex 1 1,306 2,487 - - 1,000 800
Capex / Sales 6.31% 13.36% - - 4.74% 3.65%
Announcement Date 3/25/20 3/29/21 3/16/23 3/15/24 - -
1TWD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
23.15 TWD
Average target price
23 TWD
Spread / Average Target
-0.65%
Consensus

Quarterly revenue - Rate of surprise

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