CTCI CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 51.4 TWD | 0.00% |
|
+2.39% | +21.95% |
| Mar. 07 | CTCI Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 06 | CTCI Corporation Resolves Cash Dividend for the Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 29,035 | 29,112 | 28,369 | 33,000 | 33,776 | 41,242 | - |
| Enterprise Value (EV) 1 | 26,161 | 35,202 | 23,809 | 31,996 | 33,776 | 35,343 | 33,126 |
| P/E ratio | 24.7 x | 38.2 x | 17.3 x | 13.8 x | 17.6 x | 15.4 x | 13.5 x |
| Yield | 5.25% | 5.24% | 6.18% | 4.56% | - | 5.17% | 5.93% |
| Capitalization / Revenue | 0.5 x | 0.52 x | 0.4 x | 0.35 x | 0.33 x | 0.37 x | 0.35 x |
| EV / Revenue | 0.45 x | 0.63 x | 0.34 x | 0.34 x | 0.33 x | 0.32 x | 0.28 x |
| EV / EBITDA | 8.51 x | 11.4 x | 7.16 x | 6.8 x | 7.51 x | 6.27 x | 5.34 x |
| EV / FCF | 4.98 x | -6.09 x | 2.05 x | -22.5 x | - | 23.1 x | 11 x |
| FCF Yield | 20.1% | -16.4% | 48.7% | -4.44% | - | 4.34% | 9.11% |
| Price to Book | 1.8 x | 1.84 x | 1.71 x | 1.9 x | - | 2 x | 2.12 x |
| Nbr of stocks (in thousands) | 762,061 | 762,094 | 762,602 | 788,519 | 801,324 | 802,382 | - |
| Reference price 2 | 38.10 | 38.20 | 37.20 | 41.85 | 42.15 | 51.40 | 51.40 |
| Announcement Date | 3/11/20 | 3/8/21 | 3/9/22 | 3/8/23 | 3/7/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 58,211 | 55,558 | 70,540 | 95,101 | 103,527 | 110,637 | 118,532 |
| EBITDA 1 | 3,074 | 3,086 | 3,324 | 4,707 | 4,496 | 5,636 | 6,208 |
| EBIT 1 | 2,168 | 2,057 | 2,175 | 3,545 | 3,279 | 4,451 | 5,221 |
| Operating Margin | 3.72% | 3.7% | 3.08% | 3.73% | 3.17% | 4.02% | 4.4% |
| Earnings before Tax (EBT) 1 | 2,230 | 1,764 | 3,034 | 3,967 | 3,502 | 4,762 | 5,500 |
| Net income 1 | 1,177 | 766.5 | 1,642 | 2,379 | 1,891 | 2,650 | 3,021 |
| Net margin | 2.02% | 1.38% | 2.33% | 2.5% | 1.83% | 2.4% | 2.55% |
| EPS 2 | 1.540 | 1.000 | 2.150 | 3.030 | 2.390 | 3.343 | 3.820 |
| Free Cash Flow 1 | 5,254 | -5,778 | 11,603 | -1,419 | - | 1,532 | 3,017 |
| FCF margin | 9.03% | -10.4% | 16.45% | -1.49% | - | 1.39% | 2.55% |
| FCF Conversion (EBITDA) | 170.92% | - | 349.02% | - | - | 27.19% | 48.6% |
| FCF Conversion (Net income) | 446.38% | - | 706.57% | - | - | 57.82% | 99.87% |
| Dividend per Share 2 | 2.000 | 2.000 | 2.300 | 1.910 | - | 2.655 | 3.050 |
| Announcement Date | 3/11/20 | 3/8/21 | 3/9/22 | 3/8/23 | 3/7/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,790 | 23,111 | 22,432 | 22,372 | 24,407 | 25,890 | 21,846 | 23,846 | 27,966 | 29,870 | 24,049 | 26,785 | 29,150 | 30,652 |
| EBITDA 1 | 977.8 | 1,089 | 1,166 | 1,399 | - | 1,075 | 1,080 | 1,051 | 1,336 | 1,028 | 1,174 | 1,389 | 1,671 | 1,741 |
| EBIT 1 | 670 | 782.1 | 880.1 | 1,115 | 783.1 | 766.6 | 788.7 | 750.6 | 1,030 | 709.5 | 884 | 1,020 | 1,218 | 1,329 |
| Operating Margin | 3.99% | 3.38% | 3.92% | 4.98% | 3.21% | 2.96% | 3.61% | 3.15% | 3.68% | 2.38% | 3.68% | 3.81% | 4.18% | 4.34% |
| Earnings before Tax (EBT) 1 | 830.2 | 1,062 | 1,233 | 896.6 | 900.6 | 937.4 | 863.6 | 747.9 | 1,035 | 855.5 | 948.3 | 1,085 | 1,311 | 1,418 |
| Net income 1 | 488.4 | 599.6 | 1,148 | 434.2 | 346.9 | 450.6 | 366.1 | 483.4 | 444.7 | 597 | 475 | 592 | 738.7 | 844.3 |
| Net margin | 2.91% | 2.59% | 5.12% | 1.94% | 1.42% | 1.74% | 1.68% | 2.03% | 1.59% | 2% | 1.98% | 2.21% | 2.53% | 2.75% |
| EPS 2 | 0.6400 | 0.7800 | 1.480 | 0.5500 | 0.4400 | 0.5700 | 0.4700 | 0.6000 | 0.5600 | 0.7500 | 0.5967 | 0.7500 | 0.9333 | 1.067 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/3/21 | 3/9/22 | 5/4/22 | 8/4/22 | 11/3/22 | 3/8/23 | 5/8/23 | 8/4/23 | 11/1/23 | 3/7/24 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 6,090 | - | - | - | - | - |
| Net Cash position 1 | 2,874 | - | 4,560 | 1,004 | - | 5,899 | 8,116 |
| Leverage (Debt/EBITDA) | - | 1.973 x | - | - | - | - | - |
| Free Cash Flow 1 | 5,254 | -5,778 | 11,603 | -1,419 | - | 1,533 | 3,017 |
| ROE (net income / shareholders' equity) | 7% | 4.79% | 10.1% | 14% | - | 13.3% | 15.9% |
| ROA (Net income/ Total Assets) | 1.61% | 1.09% | 2.08% | 2.63% | - | 2.68% | 3.1% |
| Assets 1 | 72,997 | 70,139 | 79,107 | 90,492 | - | 98,770 | 97,452 |
| Book Value Per Share 2 | 21.10 | 20.70 | 21.70 | 22.10 | - | 25.80 | 24.20 |
| Cash Flow per Share 2 | 11.60 | -3.670 | 19.10 | 0.1000 | - | 0.9900 | 1.820 |
| Capex 1 | 3,638 | 2,968 | 2,961 | 1,502 | - | 1,765 | 2,529 |
| Capex / Sales | 6.25% | 5.34% | 4.2% | 1.58% | - | 1.59% | 2.13% |
| Announcement Date | 3/11/20 | 3/8/21 | 3/9/22 | 3/8/23 | 3/7/24 | - | - |
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
51.4
TWD
Average target price
52.67
TWD
Spread / Average Target
+2.46%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.95% | 1.26B | |
| -2.29% | 67.67B | |
| +2.13% | 59.37B | |
| +21.25% | 38.3B | |
| +11.23% | 30.73B | |
| +2.06% | 26.35B | |
| +22.89% | 22.01B | |
| +15.06% | 19.47B | |
| +22.99% | 17.6B | |
| +64.33% | 16.64B |
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- Financials CTCI Corporation
