LI CHENG ENTERPRISE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.7 TWD | +1.43% |
|
+11.32% | -18.62% |
| Mar. 29 | Li Cheng Enterprise Co., Ltd. Appoints HUANG,CHUAN-CHI to Remuneration Committee | CI |
| Mar. 13 | Li Cheng Enterprise Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,884 | 7,748 | 5,034 | 4,015 | 4,645 | 3,756 |
| Enterprise Value (EV) 1 | 6,562 | 8,297 | 5,695 | 5,227 | 6,257 | 5,115 |
| P/E ratio | 19.1 x | 21.3 x | -46.3 x | -10.8 x | -58.4 x | -89.8 x |
| Yield | 0.91% | 1% | - | - | - | - |
| Capitalization / Revenue | 2.88 x | 3.37 x | 4.14 x | 6.24 x | 3.32 x | 2.91 x |
| EV / Revenue | 3.21 x | 3.61 x | 4.68 x | 8.13 x | 4.47 x | 3.96 x |
| EV / EBITDA | 8.84 x | 9.34 x | 23.1 x | -55.6 x | 62.6 x | 24 x |
| EV / FCF | 93.4 x | 24.1 x | 78.4 x | -19.3 x | -21.3 x | 24.3 x |
| FCF Yield | 1.07% | 4.14% | 1.28% | -5.19% | -4.7% | 4.11% |
| Price to Book | 1.94 x | 2.33 x | 1.62 x | 1.47 x | 1.72 x | 1.41 x |
| Nbr of stocks (in thousands) | 172,677 | 172,677 | 172,677 | 172,677 | 172,677 | 172,677 |
| Reference price 2 | 34.08 | 44.87 | 29.15 | 23.25 | 26.90 | 21.75 |
| Announcement Date | 4/1/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/13/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,047 | 2,301 | 1,217 | 642.9 | 1,398 | 1,292 |
| EBITDA 1 | 742.1 | 888.7 | 246.8 | -94.06 | 99.87 | 212.9 |
| EBIT 1 | 355.1 | 491.1 | -157 | -436 | -158.6 | -22.03 |
| Operating Margin | 17.35% | 21.35% | -12.9% | -67.82% | -11.34% | -1.7% |
| Earnings before Tax (EBT) 1 | 379.6 | 462.5 | -154.5 | -464.2 | -57.71 | -42.81 |
| Net income 1 | 308.2 | 364 | -108.6 | -371.6 | -79.48 | -41.8 |
| Net margin | 15.06% | 15.82% | -8.93% | -57.8% | -5.68% | -3.24% |
| EPS 2 | 1.781 | 2.108 | -0.6291 | -2.152 | -0.4603 | -0.2421 |
| Free Cash Flow 1 | 70.29 | 343.6 | 72.66 | -271.4 | -293.8 | 210.2 |
| FCF margin | 3.43% | 14.93% | 5.97% | -42.21% | -21.01% | 16.27% |
| FCF Conversion (EBITDA) | 9.47% | 38.66% | 29.44% | - | - | 98.73% |
| FCF Conversion (Net income) | 22.81% | 94.38% | - | - | - | - |
| Dividend per Share 2 | 0.3098 | 0.4478 | - | - | - | - |
| Announcement Date | 4/1/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/13/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 677 | 549 | 662 | 1,212 | 1,612 | 1,360 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.9128 x | 0.6183 x | 2.682 x | -12.89 x | 16.14 x | 6.386 x |
| Free Cash Flow 1 | 70.3 | 344 | 72.7 | -271 | -294 | 210 |
| ROE (net income / shareholders' equity) | 10.6% | 11.4% | -3.37% | -12.7% | -2.93% | -1.57% |
| ROA (Net income/ Total Assets) | 4.73% | 6.22% | -1.97% | -5.49% | -2.01% | -0.28% |
| Assets 1 | 6,520 | 5,857 | 5,524 | 6,765 | 3,957 | 14,694 |
| Book Value Per Share 2 | 17.60 | 19.30 | 18.00 | 15.80 | 15.60 | 15.40 |
| Cash Flow per Share 2 | 4.560 | 4.800 | 5.900 | 5.090 | 2.330 | 3.530 |
| Capex 1 | 548 | 374 | 330 | 304 | 337 | 191 |
| Capex / Sales | 26.78% | 16.26% | 27.09% | 47.24% | 24.12% | 14.75% |
| Announcement Date | 4/1/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/13/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -18.62% | 93.69M | |
| +12.24% | 6.7B | |
| +4.92% | 3.55B | |
| +9.64% | 2.38B | |
| +20.29% | 2.31B | |
| -6.53% | 1.97B | |
| +13.43% | 1.85B | |
| +5.33% | 1.78B | |
| +22.32% | 1.68B | |
| +29.04% | 1.64B |
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