HONG-WEI ELECTRICAL INDUSTRY & CO., LTD. Financials Hong-Wei Electrical Industry & Co., Ltd.
Equities
4565
TW0004565007
Heavy Electrical Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 133 TWD | -4.66% |
|
+5.98% | +80.95% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,610 | 2,053 | 2,183 | 2,637 | 2,765 | 3,241 |
| Enterprise Value (EV) 1 | 1,475 | 1,725 | 1,711 | 1,827 | 1,801 | 2,216 |
| P/E ratio | 10 x | 10.9 x | 10.3 x | 7.36 x | 8.89 x | 8.82 x |
| Yield | 6.85% | 5.37% | 6.06% | 7.53% | 6.38% | - |
| Capitalization / Revenue | 1.28 x | 1.49 x | 1.66 x | 1.96 x | 1.91 x | 2.05 x |
| EV / Revenue | 1.17 x | 1.25 x | 1.3 x | 1.36 x | 1.24 x | 1.4 x |
| EV / EBITDA | 6.19 x | 6.37 x | 5.83 x | 5.18 x | 4.91 x | 4.7 x |
| EV / FCF | 11.9 x | 5.47 x | 8.44 x | 8.34 x | 7.69 x | 8.29 x |
| FCF Yield | 8.4% | 18.3% | 11.9% | 12% | 13% | 12.1% |
| Price to Book | 1.71 x | 2.07 x | 1.92 x | 1.94 x | 1.85 x | 1.92 x |
| Nbr of stocks (in thousands) | 44,100 | 44,100 | 44,100 | 44,100 | 44,100 | 44,100 |
| Reference price 2 | 36.50 | 46.55 | 49.50 | 59.80 | 62.70 | 73.50 |
| Announcement Date | 4/30/19 | 4/29/20 | 4/28/21 | 4/29/22 | 4/26/23 | 4/26/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,258 | 1,377 | 1,318 | 1,346 | 1,449 | 1,580 |
| EBITDA 1 | 238.5 | 271 | 293.6 | 352.7 | 366.9 | 471 |
| EBIT 1 | 221.4 | 253.9 | 276.3 | 336.4 | 351.7 | 454.3 |
| Operating Margin | 17.59% | 18.44% | 20.96% | 25% | 24.26% | 28.76% |
| Earnings before Tax (EBT) 1 | 221.8 | 244 | 278.1 | 434 | 408.1 | 472.3 |
| Net income 1 | 161.7 | 190.1 | 212.7 | 361.4 | 314.4 | 371.3 |
| Net margin | 12.85% | 13.8% | 16.14% | 26.85% | 21.69% | 23.51% |
| EPS 2 | 3.640 | 4.270 | 4.790 | 8.130 | 7.050 | 8.330 |
| Free Cash Flow 1 | 123.9 | 315.5 | 202.7 | 219.2 | 234.3 | 267.2 |
| FCF margin | 9.84% | 22.91% | 15.38% | 16.28% | 16.16% | 16.92% |
| FCF Conversion (EBITDA) | 51.95% | 116.4% | 69.04% | 62.14% | 63.85% | 56.73% |
| FCF Conversion (Net income) | 76.59% | 165.99% | 95.3% | 60.64% | 74.51% | 71.96% |
| Dividend per Share 2 | 2.500 | 2.500 | 3.000 | 4.500 | 4.000 | - |
| Announcement Date | 4/30/19 | 4/29/20 | 4/28/21 | 4/29/22 | 4/26/23 | 4/26/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 135 | 328 | 472 | 810 | 964 | 1,025 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 124 | 315 | 203 | 219 | 234 | 267 |
| ROE (net income / shareholders' equity) | 17.7% | 19.7% | 20% | 28.9% | 22% | 23.3% |
| ROA (Net income/ Total Assets) | 6.26% | 7.26% | 8.14% | 9.14% | 8.72% | 10.6% |
| Assets 1 | 2,583 | 2,619 | 2,614 | 3,954 | 3,605 | 3,514 |
| Book Value Per Share 2 | 21.30 | 22.50 | 25.70 | 30.90 | 33.90 | 38.20 |
| Cash Flow per Share 2 | 14.20 | 14.10 | 12.10 | 18.80 | 19.70 | 19.00 |
| Capex 1 | 15.5 | 4.15 | 6.3 | 76 | 16.6 | 11.6 |
| Capex / Sales | 1.23% | 0.3% | 0.48% | 5.65% | 1.15% | 0.73% |
| Announcement Date | 4/30/19 | 4/29/20 | 4/28/21 | 4/29/22 | 4/26/23 | 4/26/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +80.95% | 180M | |
| +3.05% | 37.28B | |
| +0.24% | 25.01B | |
| +11.17% | 7.47B | |
| +8.99% | 2.62B | |
| +10.55% | 2.03B | |
| +6.26% | 1.88B | |
| +8.00% | 1.63B | |
| +52.24% | 1.33B | |
| -99.92% | 1.24B |
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