Financials Great Wall Enterprise Co., Ltd.

Equities

1210

TW0001210003

Food Processing

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
57 TWD -0.70% Intraday chart for Great Wall Enterprise Co., Ltd. +2.70% -2.56%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 24,500 34,133 39,724 43,010 38,522 49,474
Enterprise Value (EV) 1 33,669 45,447 49,653 55,484 55,094 64,492
P/E ratio 12.2 x 14.9 x 12.8 x 23 x 17.6 x 12.2 x
Yield 4.48% 5.04% 5.31% 2.81% 3.29% 3.76%
Capitalization / Revenue 0.34 x 0.44 x 0.49 x 0.42 x 0.34 x 0.45 x
EV / Revenue 0.46 x 0.58 x 0.61 x 0.55 x 0.49 x 0.58 x
EV / EBITDA 9 x 8.54 x 8.66 x 14 x 11.2 x 7.93 x
EV / FCF -15.6 x -51.5 x 56.5 x -149 x -17.5 x 19.5 x
FCF Yield -6.41% -1.94% 1.77% -0.67% -5.71% 5.13%
Price to Book 1.49 x 1.87 x 1.97 x 2.14 x 1.85 x 2.09 x
Nbr of stocks (in thousands) 830,498 845,708 845,708 845,708 845,707 845,707
Reference price 2 29.50 40.36 46.97 50.86 45.55 58.50
Announcement Date 3/29/19 3/30/20 3/31/21 3/31/22 3/16/23 3/15/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 72,443 77,770 81,651 101,438 113,297 111,109
EBITDA 1 3,742 5,319 5,733 3,972 4,915 8,137
EBIT 1 2,273 3,699 4,212 2,345 3,058 6,020
Operating Margin 3.14% 4.76% 5.16% 2.31% 2.7% 5.42%
Earnings before Tax (EBT) 1 3,031 3,853 4,983 2,887 3,426 5,969
Net income 1 2,010 2,284 3,122 1,869 2,193 4,069
Net margin 2.77% 2.94% 3.82% 1.84% 1.94% 3.66%
EPS 2 2.413 2.700 3.680 2.209 2.590 4.800
Free Cash Flow 1 -2,160 -882 879 -371.8 -3,147 3,310
FCF margin -2.98% -1.13% 1.08% -0.37% -2.78% 2.98%
FCF Conversion (EBITDA) - - 15.33% - - 40.68%
FCF Conversion (Net income) - - 28.16% - - 81.34%
Dividend per Share 2 1.321 2.034 2.496 1.429 1.500 2.200
Announcement Date 3/29/19 3/30/20 3/31/21 3/31/22 3/16/23 3/15/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 9,168 11,313 9,929 12,474 16,572 15,018
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.45 x 2.127 x 1.732 x 3.14 x 3.372 x 1.846 x
Free Cash Flow 1 -2,160 -882 879 -372 -3,147 3,310
ROE (net income / shareholders' equity) 11% 12.8% 15.6% 8.13% 10.1% 15.8%
ROA (Net income/ Total Assets) 3.41% 5.15% 5.32% 2.7% 3.21% 5.92%
Assets 1 58,918 44,368 58,703 69,137 68,311 68,766
Book Value Per Share 2 19.80 21.60 23.90 23.80 24.70 28.00
Cash Flow per Share 2 3.590 3.480 5.310 7.190 6.080 7.500
Capex 1 2,649 5,133 3,420 3,178 3,877 4,634
Capex / Sales 3.66% 6.6% 4.19% 3.13% 3.42% 4.17%
Announcement Date 3/29/19 3/30/20 3/31/21 3/31/22 3/16/23 3/15/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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