Financials Golden Insurance Brokers Co.,Ltd.

Equities

6028

TW0006028004

Multiline Insurance & Brokers

End-of-day quote Taipei Exchange 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
81 TWD +5.06% Intraday chart for Golden Insurance Brokers Co.,Ltd. +5.19% +14.41%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 927.8 944 960 959 1,416
Enterprise Value (EV) 1 788.5 862.1 857.1 816.5 1,191
P/E ratio 10.1 x 10.2 x 11.9 x 14.8 x 11.9 x
Yield 7.54% 7.42% 7.29% 6.26% 6.36%
Capitalization / Revenue 0.4 x 0.4 x 0.43 x 0.44 x 0.47 x
EV / Revenue 0.34 x 0.36 x 0.38 x 0.37 x 0.39 x
EV / EBITDA 6.51 x 6.52 x 6.92 x 8.06 x 6.96 x
EV / FCF 6.24 x 7.24 x 9.16 x 7.09 x 7.66 x
FCF Yield 16% 13.8% 10.9% 14.1% 13.1%
Price to Book 2.33 x 2.24 x 2.22 x 2.24 x 2.91 x
Nbr of stocks (in thousands) 20,000 20,000 20,000 20,000 20,000
Reference price 2 46.39 47.20 48.00 47.95 70.80
Announcement Date 4/30/20 4/27/21 4/12/22 4/18/23 4/9/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,766 2,339 2,368 2,255 2,189 3,043
EBITDA 1 75.72 121.2 132.2 123.9 101.4 171.2
EBIT 1 63.92 109.9 117.4 104.8 82.26 149.7
Operating Margin 3.62% 4.7% 4.96% 4.65% 3.76% 4.92%
Earnings before Tax (EBT) 1 62.94 108.6 116.2 101.8 80.22 149.5
Net income 1 48.68 86.09 93.03 81.05 64.91 119.2
Net margin 2.76% 3.68% 3.93% 3.59% 2.97% 3.92%
EPS 2 2.690 4.600 4.640 4.040 3.240 5.940
Free Cash Flow 1 31.99 126.4 119.1 93.58 115.2 155.6
FCF margin 1.81% 5.41% 5.03% 4.15% 5.27% 5.11%
FCF Conversion (EBITDA) 42.24% 104.34% 90.08% 75.54% 113.69% 90.89%
FCF Conversion (Net income) 65.7% 146.87% 128.04% 115.46% 177.54% 130.57%
Dividend per Share 2 2.000 3.500 3.500 3.500 3.000 4.500
Announcement Date 4/30/19 4/30/20 4/27/21 4/12/22 4/18/23 4/9/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 87.8 139 81.9 103 142 225
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 32 126 119 93.6 115 156
ROE (net income / shareholders' equity) 18.2% 24.8% 22.7% 19% 15.1% 26.1%
ROA (Net income/ Total Assets) 6.38% 8.19% 7.35% 6.38% 5.18% 8.49%
Assets 1 762.9 1,052 1,266 1,271 1,254 1,403
Book Value Per Share 2 16.10 19.90 21.10 21.60 21.40 24.30
Cash Flow per Share 2 8.030 10.70 12.20 12.20 12.90 14.10
Capex 1 7.87 13.8 26.7 26.1 17.9 24
Capex / Sales 0.45% 0.59% 1.13% 1.16% 0.82% 0.79%
Announcement Date 4/30/19 4/30/20 4/27/21 4/12/22 4/18/23 4/9/24
1TWD in Million2TWD
Estimates
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