FULGENT SUN INTERNATIONAL (HOLDING) CO., LTD.

Cash flow Fulgent Sun International (Holding) Co., Ltd.

Equities

9802

KYG368891068

Footwear

End-of-day quote Taiwan S.E. Other stock markets 2024-12-12			5-day change	1st Jan Change
117.50 ^TWD	+9.81%		+15.20%	-11.99%

Nov. 05	Fulgent Sun International Prices NT$100 Million Capital Raise	MT
Oct. 22	Fulgent Sun International Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI

31994717eb1c4fbd1d.EVV3TwKz0R7JGfpLMUxROW3A7Tcs3g7I_xF18y7De_k.WWQxezDb5nuYIMMuVSJlYByD3nAV7kCS0nY_qgOyLZApbB4OY8WYVqR_qw

Published financial data: FULGENT SUN INTERNATIONAL (HOLDING) CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	12.84B	11.35B	15.54B	24.18B	16.89B
Total Revenues	12.84B	11.35B	15.54B	24.18B	16.89B
Cost of Goods Sold, Total	10.31B	8.96B	12.74B	18.6B	13.7B
Gross Profit	2.53B	2.38B	2.8B	5.59B	3.19B
Selling General & Admin Expenses, Total	927M	942M	1.14B	1.51B	1.21B
Provision for Bad Debts	-	-	-	-	-1.68M
R&D Expenses	145M	167M	198M	230M	180M
Other Operating Expenses, Total	1.07B	1.11B	1.33B	1.74B	1.39B
Operating Income	1.46B	1.27B	1.47B	3.85B	1.81B
Interest Expense, Total	-34.78M	-24.95M	-30.39M	-85.5M	-78.09M
Interest And Investment Income	10.53M	9.73M	9.47M	12.01M	58.39M
Net Interest Expenses	-24.25M	-15.23M	-20.93M	-73.48M	-19.7M
Currency Exchange Gains (Loss)	29.2M	-251M	-113M	529M	136M
Other Non Operating Income (Expenses)	56.33M	49.68M	56.56M	75.29M	115M
EBT, Excl. Unusual Items	1.52B	1.06B	1.39B	4.38B	2.04B
Gain (Loss) On Sale Of Investments	2.77M	-	-	-	-
Gain (Loss) On Sale Of Assets	-8.86M	-8.04M	-2.85M	-1.89M	3.82M
EBT, Incl. Unusual Items	1.51B	1.05B	1.39B	4.38B	2.04B
Income Tax Expense	236M	153M	205M	983M	544M
Earnings From Continuing Operations	1.28B	896M	1.18B	3.4B	1.5B
Net Income to Company	1.28B	896M	1.18B	3.4B	1.5B
Minority Interest	2.68M	2.06M	495K	35K	-
Net Income - (IS)	1.28B	898M	1.19B	3.4B	1.5B
Net Income to Common Incl Extra Items	1.28B	898M	1.19B	3.4B	1.5B
Net Income to Common Excl. Extra Items	1.28B	898M	1.19B	3.4B	1.5B
Per Share Items
Net EPS - Basic	7.81	5.06	6.39	18.1	7.87
Basic EPS - Continuing Operations	7.81	5.06	6.39	18.1	7.87
Basic Weighted Average Shares Outstanding	164M	177M	186M	188M	190M
Net EPS - Diluted	7.31	5	6.26	17.84	7.86
Diluted EPS - Continuing Operations	7.31	5	6.26	17.84	7.86
Diluted Weighted Average Shares Outstanding	176M	180M	190M	190M	191M
Normalized Basic EPS	5.81	3.74	4.69	14.59	6.69
Normalized Diluted EPS	5.41	3.68	4.57	14.37	6.68
Dividend Per Share	5.5	3.8	4.17	7.19	5
Payout Ratio	45.98	107.3	59.49	23.11	91.39
Supplemental Items
EBITDA	2.07B	1.96B	2.21B	4.74B	2.79B
EBITA	1.5B	1.31B	1.49B	3.87B	1.83B
EBIT	1.46B	1.27B	1.47B	3.85B	1.81B
EBITDAR	2.07B	1.96B	2.22B	4.75B	2.79B
Effective Tax Rate - (Ratio)	15.58	14.63	14.75	22.45	26.64
Current Foreign Taxes	230M	169M	193M	981M	542M
Total Current Taxes	230M	169M	193M	981M	542M
Deferred Foreign Taxes	5.75M	-15.91M	12.17M	2.28M	2.18M
Total Deferred Taxes	5.75M	-15.91M	12.17M	2.28M	2.18M
Normalized Net Income	952M	663M	871M	2.74B	1.27B
Interest on Long-Term Debt	10.13M	7.13M	10.95M	12.23M	9.84M
Supplemental Operating Expense Items
Selling and Marketing Expenses	215M	197M	312M	420M	269M
General and Administrative Expenses	711M	745M	823M	1.09B	941M
Research And Development Expense From Footnotes	145M	167M	198M	230M	180M
Net Rental Expense, Total	1.58M	1.74M	11.12M	4.23M	889K
Imputed Operating Lease Interest Expense	199K	157K	827K	667K	157K
Imputed Operating Lease Depreciation	1.38M	1.58M	10.29M	3.56M	732K
Stock-Based Comp., Other (Total)	-	45.57M	-	-	-
Total Stock-Based Compensation	-	45.57M	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.37B	1.57B	1.11B	2.2B	2.61B
Short Term Investments	43.05M	43.62M	87.09M	156M	242M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	1.42B	1.61B	1.2B	2.35B	2.85B
Accounts Receivable, Total	2.33B	2.27B	3.34B	4.23B	2.71B
Other Receivables	222M	185M	213M	433M	502M
Total Receivables	2.55B	2.46B	3.55B	4.66B	3.21B
Inventory	2.14B	2.73B	3.9B	4.99B	2.14B
Prepaid Expenses	104M	129M	181M	83.05M	65.69M
Other Current Assets, Total	54.95M	121M	66.82M	55.76M	30.7M
Total Current Assets	6.27B	7.05B	8.9B	12.14B	8.3B
Gross Property Plant And Equipment	9.8B	10.54B	12.72B	15.8B	16.07B
Accumulated Depreciation	-3.3B	-3.67B	-4.23B	-5.25B	-5.99B
Net Property Plant And Equipment	6.5B	6.87B	8.49B	10.55B	10.08B
Long-term Investments	4.65M	9.29M	7.61M	5.94M	-
Other Intangibles, Total	16.24M	13.64M	11.47M	16.13M	12.59M
Deferred Tax Assets Long-Term	55.02M	69.74M	58.38M	57.52M	236M
Other Long-Term Assets, Total	140M	344M	138M	112M	58.49M
Total Assets	12.99B	14.35B	17.6B	22.88B	18.68B
Liabilities
Accounts Payable, Total	1.39B	1.67B	2.51B	2.94B	1.44B
Accrued Expenses, Total	494M	524M	654M	934M	556M
Short-term Borrowings	1.67B	1.32B	3.12B	3.48B	1.68B
Current Portion of Long-Term Debt	-	-	490M	26.99M	-
Current Portion of Leases	29.07M	40.86M	14.7M	19.61M	41.1M
Current Income Taxes Payable	85.28M	160M	158M	602M	517M
Unearned Revenue Current, Total	28.54M	52.62M	76.09M	76.78M	36.94M
Other Current Liabilities	399M	884M	741M	1.02B	608M
Total Current Liabilities	4.1B	4.65B	7.77B	9.09B	4.88B
Long-Term Debt	69.78M	484M	100M	-	-
Long-Term Leases	333M	487M	478M	944M	861M
Unearned Revenue Non Current	122M	121M	117M	117M	110M
Deferred Tax Liability Non Current	1.98M	786K	1.6M	3.03M	152M
Other Non Current Liabilities	90.33M	91.77M	92.07M	93.35M	303M
Total Liabilities	4.72B	5.83B	8.56B	10.25B	6.31B
Common Stock, Total	1.75B	1.86B	1.86B	1.91B	1.91B
Additional Paid In Capital	4.46B	5.26B	5.26B	5.68B	5.7B
Retained Earnings	2.71B	2.25B	2.89B	5.5B	5.51B
Treasury Stock	-	-57.58M	-57.58M	-57.58M	-57.58M
Comprehensive Income and Other	-683M	-837M	-927M	-403M	-694M
Total Common Equity	8.23B	8.47B	9.02B	12.63B	12.37B
Minority Interest	44.49M	41.74M	17.61M	-	-
Total Equity	8.27B	8.52B	9.04B	12.63B	12.37B
Total Liabilities And Equity	12.99B	14.35B	17.6B	22.88B	18.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	175M	186M	186M	190M	190M
ECS Total Common Shares Outstanding	175M	186M	186M	190M	190M
Book Value / Share	47.09	45.67	48.64	66.43	65
Tangible Book Value	8.21B	8.46B	9.01B	12.61B	12.36B
Tangible Book Value Per Share	47	45.6	48.58	66.35	64.93
Total Debt	2.1B	2.33B	4.21B	4.47B	2.59B
Net Debt	685M	723M	3B	2.12B	-264M
Debt Equivalent Oper. Leases	12.6M	13.91M	88.96M	33.82M	7.11M
Minority Interest, Total (Incl. Fin. Div)	44.49M	41.74M	17.61M	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	927M	1.06B	1.66B	1.71B	680M
Inventories - Work In Process, Total	521M	673M	1.18B	1.62B	560M
Inventories - Finished Goods, Total	779M	1.1B	1.13B	1.74B	992M
Land - (BS)	295M	284M	282M	339M	339M
Buildings, Total	3.54B	4.05B	4.47B	5.5B	5.52B
Machinery, Total	3.21B	3.42B	4.13B	5.56B	5.7B
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	8.72M	4.82M	27.15M	16.14M	14.48M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.28B	898M	1.19B	3.4B	1.5B
Depreciation & Amortization - CF	616M	700M	767M	949M	1.05B
Amortization of Goodwill and Intangible Assets - (CF)	39.05M	33.1M	18.59M	17.31M	21.05M
Depreciation & Amortization, Total	655M	733M	786M	966M	1.07B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	8.86M	8.04M	2.85M	1.89M	-3.82M
(Gain) Loss on Sale of Investments - (CF)	-8.87M	-4.78M	2.13M	591K	-8.38M
Stock-Based Compensation (CF)	-	45.57M	-	-	-
Provision and Write-off of Bad Debts	5.38M	-3.77M	23.96M	-13.58M	-1.68M
Other Operating Activities, Total	27.66M	31.85M	55.28M	447M	128M
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	-249M	-40.92M	-1.21B	-607M	1.47B
Change In Inventories	-332M	-703M	-1.26B	-730M	2.86B
Change In Accounts Payable	415M	299M	874M	258M	-1.63B
Change in Unearned Revenues	1.62M	26.35M	76.95M	71.87M	35.4M
Change in Other Net Operating Assets	-99.75M	97.08M	69.44M	205M	-462M
Cash from Operations	1.7B	1.39B	607M	4B	4.95B
Capital Expenditure	-1.51B	-1.24B	-2B	-1.55B	-956M
Sale of Property, Plant, and Equipment	8.09M	4.04M	6.7M	11.53M	18.31M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-3.27M	-1.18M	-1.14M	-7.13M	-479K
Investment in Marketable and Equity Securities, Total	-61.43M	-23.86M	-10.4M	-59.47M	-72.67M
Other Investing Activities, Total	-105M	3.9M	-324M	-64.23M	-110M
Cash from Investing	-1.67B	-1.26B	-2.33B	-1.67B	-1.12B
Short Term Debt Issued, Total	619M	-	1.86B	11.43M	19.27B
Long-Term Debt Issued, Total	204M	533M	101M	-	-
Total Debt Issued	823M	533M	1.96B	11.43M	19.27B
Short Term Debt Repaid, Total	-	-273M	-	-	-21.09B
Long-Term Debt Repaid, Total	-270M	-61.46M	-45.87M	-128M	-64.45M
Total Debt Repaid	-270M	-334M	-45.87M	-128M	-21.15B
Issuance of Common Stock	165M	750M	-	-	-
Repurchase of Common Stock	-	-57.58M	-	-	-
Common Dividends Paid	-588M	-963M	-705M	-785M	-1.37B
Common & Preferred Stock Dividends Paid	-588M	-963M	-705M	-785M	-1.37B
Other Financing Activities, Total	10.74M	-	-22.56M	-17.66M	-
Cash from Financing	140M	-71.92M	1.18B	-919M	-3.25B
Foreign Exchange Rate Adjustments	-115M	139M	84.73M	-326M	-163M
Net Change in Cash	60.4M	194M	-453M	1.08B	414M
Supplemental Items
Cash Interest Paid	23.99M	17.97M	18.7M	69.62M	73.17M
Cash Income Tax Paid (Refund)	215M	126M	161M	551M	420M
Levered Free Cash Flow	-189M	621M	-1.72B	1.1B	3.12B
Unlevered Free Cash Flow	-167M	637M	-1.7B	1.15B	3.17B
Change In Net Working Capital	223M	-305M	1.4B	663M	-1.93B
Net Debt Issued / Repaid	553M	199M	1.91B	-116M	-1.88B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.55	5.82	5.75	11.89	5.41
Return on Total Capital	9.48	7.5	7.62	15.86	7.04
Return On Equity %	17.24	10.67	13.49	31.34	11.96
Return on Common Equity	17.37	10.75	13.55	31.37	11.96
Margin Analysis
Gross Profit Margin %	19.69	20.99	18.04	23.1	18.91
SG&A Margin	7.22	8.31	7.3	6.23	7.16
EBITDA Margin %	16.1	17.3	14.21	19.61	16.49
EBITA Margin %	11.65	11.51	9.58	15.99	10.81
EBIT Margin %	11.34	11.22	9.46	15.92	10.69
Income From Continuing Operations Margin %	9.94	7.89	7.62	14.04	8.86
Net Income Margin %	9.96	7.91	7.62	14.04	8.86
Net Avail. For Common Margin %	9.96	7.91	7.62	14.04	8.86
Normalized Net Income Margin	7.41	5.84	5.6	11.32	7.54
Levered Free Cash Flow Margin	-1.47	5.48	-11.06	4.53	18.46
Unlevered Free Cash Flow Margin	-1.3	5.62	-10.94	4.75	18.75
Asset Turnover
Asset Turnover	1.07	0.83	0.97	1.19	0.81
Fixed Assets Turnover	2.25	1.7	2.02	2.54	1.64
Receivables Turnover (Average Receivables)	5.75	4.93	5.55	6.39	4.87
Inventory Turnover (Average Inventory)	5.15	3.68	3.84	4.19	3.85
Short Term Liquidity
Current Ratio	1.53	1.52	1.14	1.33	1.7
Quick Ratio	0.97	0.87	0.61	0.77	1.24
Operating Cash Flow to Current Liabilities	0.42	0.3	0.08	0.44	1.01
Days Sales Outstanding (Average Receivables)	63.52	74.2	65.82	57.1	74.93
Days Outstanding Inventory (Average Inventory)	70.88	99.48	94.94	87.18	94.92
Average Days Payable Outstanding	41.41	58.63	54.84	50.58	82.09
Cash Conversion Cycle (Average Days)	92.98	115.05	105.92	93.69	87.76
Long Term Solvency
Total Debt/Equity	25.39	27.42	46.5	35.38	20.91
Total Debt / Total Capital	20.25	21.52	31.74	26.13	17.3
LT Debt/Equity	4.87	11.4	6.39	7.48	6.96
Long-Term Debt / Total Capital	3.88	8.95	4.36	5.52	5.76
Total Liabilities / Total Assets	36.3	40.66	48.62	44.81	33.78
EBIT / Interest Expense	41.89	51.02	48.36	45.02	23.12
EBITDA / Interest Expense	60.73	80.39	74.22	56.32	36.79
(EBITDA - Capex) / Interest Expense	17.41	30.67	8.39	38.16	24.54
Total Debt / EBITDA	0.99