HWA FONG RUBBER INDUSTRIAL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.65 TWD | -1.77% |
|
+0.60% | +13.27% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,304 | 3,672 | 4,387 | 4,693 | 4,051 | 4,106 |
| Enterprise Value (EV) 1 | 5,357 | 4,318 | 4,961 | 5,585 | 4,390 | 3,056 |
| P/E ratio | -17 x | 368 x | 11.8 x | 13 x | 13.8 x | 9.74 x |
| Yield | - | - | - | 5.95% | 6.21% | 8.16% |
| Capitalization / Revenue | 0.82 x | 0.7 x | 0.9 x | 0.85 x | 0.75 x | 0.88 x |
| EV / Revenue | 1.02 x | 0.82 x | 1.02 x | 1.01 x | 0.81 x | 0.65 x |
| EV / EBITDA | 21.8 x | 7.35 x | 6.09 x | 6.14 x | 5.63 x | 4.7 x |
| EV / FCF | -12.7 x | 16.6 x | 14.6 x | 67.6 x | 7.81 x | 4.26 x |
| FCF Yield | -7.86% | 6.03% | 6.86% | 1.48% | 12.8% | 23.5% |
| Price to Book | 1.61 x | 1.34 x | 1.45 x | 1.54 x | 1.26 x | 1.19 x |
| Nbr of stocks (in thousands) | 279,349 | 279,349 | 279,349 | 279,349 | 279,349 | 279,349 |
| Reference price 2 | 15.41 | 13.15 | 15.70 | 16.80 | 14.50 | 14.70 |
| Announcement Date | 3/28/19 | 3/30/20 | 3/26/21 | 3/23/22 | 3/16/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,256 | 5,265 | 4,883 | 5,541 | 5,414 | 4,674 |
| EBITDA 1 | 246.1 | 587.8 | 815.2 | 909.3 | 779.1 | 650.9 |
| EBIT 1 | 45.6 | 365.5 | 605.1 | 699.7 | 571.3 | 455.1 |
| Operating Margin | 0.87% | 6.94% | 12.39% | 12.63% | 10.55% | 9.74% |
| Earnings before Tax (EBT) 1 | -116.2 | 292.7 | 745.8 | 760 | 619.2 | 783.7 |
| Net income 1 | -253.5 | 10.89 | 371.6 | 362 | 294.5 | 422.3 |
| Net margin | -4.82% | 0.21% | 7.61% | 6.53% | 5.44% | 9.04% |
| EPS 2 | -0.9073 | 0.0357 | 1.330 | 1.290 | 1.050 | 1.510 |
| Free Cash Flow 1 | -421.3 | 260.5 | 340.5 | 82.68 | 561.8 | 717.2 |
| FCF margin | -8.01% | 4.95% | 6.97% | 1.49% | 10.38% | 15.34% |
| FCF Conversion (EBITDA) | - | 44.31% | 41.77% | 9.09% | 72.11% | 110.19% |
| FCF Conversion (Net income) | - | 2,391.75% | 91.64% | 22.84% | 190.79% | 169.82% |
| Dividend per Share | - | - | - | 1.000 | 0.9000 | 1.200 |
| Announcement Date | 3/28/19 | 3/30/20 | 3/26/21 | 3/23/22 | 3/16/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,053 | 645 | 574 | 892 | 340 | - |
| Net Cash position 1 | - | - | - | - | - | 1,050 |
| Leverage (Debt/EBITDA) | 4.277 x | 1.098 x | 0.7043 x | 0.9808 x | 0.4358 x | - |
| Free Cash Flow 1 | -421 | 260 | 341 | 82.7 | 562 | 717 |
| ROE (net income / shareholders' equity) | -3.82% | 3.64% | 12.9% | 12.4% | 9.61% | 10.8% |
| ROA (Net income/ Total Assets) | 0.39% | 3.14% | 4.89% | 5.34% | 4.36% | 3.55% |
| Assets 1 | -64,200 | 346.3 | 7,595 | 6,777 | 6,760 | 11,886 |
| Book Value Per Share 2 | 9.540 | 9.800 | 10.80 | 10.90 | 11.50 | 12.30 |
| Cash Flow per Share 2 | 3.270 | 4.320 | 5.590 | 4.910 | 6.100 | 8.940 |
| Capex 1 | 667 | 293 | 459 | 255 | 96.8 | 110 |
| Capex / Sales | 12.69% | 5.57% | 9.41% | 4.6% | 1.79% | 2.34% |
| Announcement Date | 3/28/19 | 3/30/20 | 3/26/21 | 3/23/22 | 3/16/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +13.27% | 143M | |
| +0.77% | 6.62B | |
| +21.41% | 6.39B | |
| -7.68% | 5.5B | |
| +24.89% | 5.03B | |
| +2.23% | 4.56B | |
| +17.11% | 4.55B | |
| +10.02% | 3.75B | |
| +25.05% | 3.65B | |
| +43.04% | 3.08B |
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