Financials KMC (Kuei Meng) International Inc.

Equities

5306

TW0005306005

Recreational Products

End-of-day quote Taiwan S.E. 06:00:00 2024-05-13 pm EDT 5-day change 1st Jan Change
142 TWD -0.35% Intraday chart for KMC (Kuei Meng) International Inc. -1.39% +7.98%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,482 21,798 24,885 17,640 16,569 18,018 - -
Enterprise Value (EV) 1 13,482 22,370 24,560 17,640 16,569 18,018 18,018 18,018
P/E ratio 13.4 x 14.5 x 12.4 x 9.56 x 22.3 x 17.8 x 14.4 x 12.5 x
Yield 4.21% 4.16% 4.56% 6.43% 2.69% 2.98% 4.12% 4.65%
Capitalization / Revenue 2.57 x 3.56 x 3.21 x 2.48 x 3.5 x 3.54 x 3.07 x 2.76 x
EV / Revenue 2.57 x 3.56 x 3.21 x 2.48 x 3.5 x 3.54 x 3.07 x 2.76 x
EV / EBITDA 8.44 x 9.35 x 8.51 x 6.53 x 12.8 x 12.2 x 9.13 x 8.41 x
EV / FCF 11.6 x 12.9 x 18.8 x 8.1 x 20.3 x 21 x 14.8 x 13.3 x
FCF Yield 8.61% 7.75% 5.33% 12.3% 4.91% 4.76% 6.74% 7.54%
Price to Book 2.55 x 3.4 x 3.8 x 2.34 x 2.17 x 2.26 x 2.08 x 1.93 x
Nbr of stocks (in thousands) 126,000 126,000 126,000 126,000 126,000 126,000 - -
Reference price 2 107.0 173.0 197.5 140.0 131.5 142.0 142.0 142.0
Announcement Date 3/26/20 3/28/21 3/30/22 3/16/23 3/14/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,240 6,130 7,751 7,116 4,730 5,092 5,868 6,536
EBITDA 1 1,598 2,330 2,923 2,701 1,291 1,471 1,973 2,143
EBIT 1 1,254 1,974 2,576 2,340 929.7 1,142 1,581 1,837
Operating Margin 23.92% 32.2% 33.24% 32.88% 19.65% 22.42% 26.95% 28.1%
Earnings before Tax (EBT) 1 1,293 1,979 2,601 2,472 1,019 1,346 1,609 -
Net income 1 1,007 1,515 2,008 1,922 741.8 1,010 1,265 1,486
Net margin 19.23% 24.71% 25.91% 27.01% 15.68% 19.84% 21.56% 22.73%
EPS 2 7.990 11.94 15.94 14.64 5.890 7.961 9.831 11.32
Free Cash Flow 1 1,161 1,689 1,326 2,176 814.3 858.1 1,214 1,358
FCF margin 22.15% 27.55% 17.11% 30.58% 17.21% 16.85% 20.68% 20.78%
FCF Conversion (EBITDA) 72.64% 72.47% 45.38% 80.57% 63.08% 58.32% 61.52% 63.37%
FCF Conversion (Net income) 115.21% 111.49% 66.06% 113.23% 109.76% 84.93% 95.94% 91.43%
Dividend per Share 2 4.500 7.200 9.000 9.000 3.532 4.238 5.848 6.607
Announcement Date 3/26/20 3/28/21 3/30/22 3/16/23 3/14/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,066 1,921 1,891 3,802 1,917 1,397 1,314 1,234 1,162 1,020 1,102 1,345 1,400 1,328 1,176 1,569
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 678.1 - 646.3 - 677.6 382.1 312.4 284.5 191.9 140.9 178.7 326 343 300 262 423
Operating Margin 32.82% - 34.18% - 35.35% 27.35% 23.78% 23.05% 16.51% 13.8% 16.22% 24.24% 24.49% 22.58% 22.28% 26.96%
Earnings before Tax (EBT) 1 654.3 - 686 - 756.4 383.7 329.5 324.7 212.6 152.3 208.3 335 353.5 309.5 271 447
Net income 1 518.5 - 520.6 - 606.5 296.4 244.7 219.7 159.4 118 151.8 255.5 270 238.5 203 -
Net margin 25.09% - 27.53% - 31.64% 21.21% 18.62% 17.8% 13.72% 11.57% 13.78% 19% 19.28% 17.95% 17.26% -
EPS 2 4.120 - 3.980 - 4.630 2.250 1.940 1.740 1.270 0.9400 1.210 2.030 2.145 1.895 1.610 2.590
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 3/30/22 5/12/22 8/12/22 8/12/22 11/14/22 3/16/23 5/12/23 8/11/23 11/13/23 3/14/24 5/13/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - 572 - - - - - -
Net Cash position - - 325 - - - - -
Leverage (Debt/EBITDA) - 0.2453 x - - - - - -
Free Cash Flow 1 1,161 1,689 1,326 2,176 814 858 1,214 1,358
ROE (net income / shareholders' equity) 19.5% 25.9% 31% 27.3% 9.79% 13% 14.8% 16%
ROA (Net income/ Total Assets) 10% 14.7% 18.2% 16.1% 6.05% 8.29% 8.98% 10.2%
Assets 1 10,074 10,311 11,048 11,940 12,253 12,189 14,079 14,518
Book Value Per Share 2 41.90 50.80 51.90 59.70 60.60 63.00 68.30 73.70
Cash Flow per Share 2 11.60 15.80 14.60 19.90 8.260 8.220 10.90 12.00
Capex 1 305 312 590 447 267 210 265 210
Capex / Sales 5.82% 5.1% 7.62% 6.28% 5.64% 4.12% 4.52% 3.21%
Announcement Date 3/26/20 3/28/21 3/30/22 3/16/23 3/14/24 - - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
142 TWD
Average target price
158 TWD
Spread / Average Target
+11.27%
Consensus
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  4. Financials KMC (Kuei Meng) International Inc.
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