JINAN ACETATE CHEMICAL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 779 TWD | +2.23% |
|
+1.96% | -2.38% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,321 | 6,238 | 6,099 | 5,928 | 12,195 | 68,193 |
| Enterprise Value (EV) 1 | 6,508 | 6,308 | 6,312 | 6,570 | 10,697 | 59,640 |
| P/E ratio | 36.2 x | 19.3 x | 12.4 x | 19.6 x | 9.92 x | 12.8 x |
| Yield | 2.94% | 3.81% | 4.51% | 4.66% | 4.86% | - |
| Capitalization / Revenue | 3.63 x | 2.87 x | 2.59 x | 2.18 x | 2.86 x | 6.18 x |
| EV / Revenue | 3.74 x | 2.9 x | 2.68 x | 2.42 x | 2.51 x | 5.41 x |
| EV / EBITDA | 26.2 x | 13 x | 10.5 x | 13.6 x | 8.53 x | 9.44 x |
| EV / FCF | 176 x | 24.6 x | -52.3 x | -20.7 x | 12.1 x | 14.1 x |
| FCF Yield | 0.57% | 4.06% | -1.91% | -4.82% | 8.29% | 7.11% |
| Price to Book | 5.3 x | 4.96 x | 4.1 x | 3.93 x | 3.53 x | 6.72 x |
| Nbr of stocks (in thousands) | 67,089 | 66,281 | 65,599 | 64,728 | 78,172 | 85,455 |
| Reference price 2 | 94.22 | 94.12 | 92.98 | 91.58 | 156.0 | 798.0 |
| Announcement Date | 3/27/19 | 3/30/20 | 3/22/21 | 3/25/22 | 3/30/23 | 3/21/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,739 | 2,175 | 2,353 | 2,715 | 4,269 | 11,026 |
| EBITDA 1 | 248.9 | 487 | 602.3 | 484.3 | 1,254 | 6,321 |
| EBIT 1 | 162.2 | 391.1 | 499.2 | 352.3 | 1,077 | 6,049 |
| Operating Margin | 9.32% | 17.98% | 21.21% | 12.97% | 25.22% | 54.86% |
| Earnings before Tax (EBT) 1 | 210.1 | 378.4 | 552.8 | 365.4 | 1,414 | 6,136 |
| Net income 1 | 225.1 | 329.7 | 504.6 | 357.5 | 1,250 | 5,176 |
| Net margin | 12.94% | 15.16% | 21.44% | 13.17% | 29.27% | 46.94% |
| EPS 2 | 2.602 | 4.877 | 7.519 | 4.662 | 15.72 | 62.13 |
| Free Cash Flow 1 | 37.01 | 256.3 | -120.7 | -316.7 | 887.1 | 4,238 |
| FCF margin | 2.13% | 11.78% | -5.13% | -11.66% | 20.78% | 38.44% |
| FCF Conversion (EBITDA) | 14.87% | 52.62% | - | - | 70.75% | 67.05% |
| FCF Conversion (Net income) | 16.44% | 77.74% | - | - | 70.98% | 81.88% |
| Dividend per Share 2 | 2.771 | 3.582 | 4.192 | 4.268 | 7.586 | - |
| Announcement Date | 3/27/19 | 3/30/20 | 3/22/21 | 3/25/22 | 3/30/23 | 3/21/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 187 | 70 | 213 | 642 | - | - |
| Net Cash position 1 | - | - | - | - | 1,498 | 8,554 |
| Leverage (Debt/EBITDA) | 0.7508 x | 0.1438 x | 0.354 x | 1.326 x | - | - |
| Free Cash Flow 1 | 37 | 256 | -121 | -317 | 887 | 4,238 |
| ROE (net income / shareholders' equity) | 16.8% | 24.9% | 34.2% | 22.2% | 48.2% | 74.7% |
| ROA (Net income/ Total Assets) | 4.26% | 9.97% | 11% | 6.53% | 14.9% | 43.4% |
| Assets 1 | 5,279 | 3,306 | 4,605 | 5,476 | 8,401 | 11,919 |
| Book Value Per Share 2 | 17.80 | 19.00 | 22.70 | 23.30 | 44.20 | 119.0 |
| Cash Flow per Share 2 | 5.550 | 8.880 | 12.70 | 9.920 | 24.50 | 94.50 |
| Capex 1 | 190 | 128 | 221 | 502 | 650 | 422 |
| Capex / Sales | 10.93% | 5.87% | 9.4% | 18.5% | 15.23% | 3.82% |
| Announcement Date | 3/27/19 | 3/30/20 | 3/22/21 | 3/25/22 | 3/30/23 | 3/21/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -2.38% | 2.05B | |
| +22.35% | 5.62B | |
| -1.44% | 3.63B | |
| -1.82% | 1.52B | |
| -15.33% | 1.24B | |
| -6.46% | 931M | |
| -18.10% | 880M | |
| -3.17% | 601M | |
| -27.91% | 437M | |
| -17.44% | 385M |
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