Financials Maywufa Company Ltd.

Equities

1731

TW0001731008

Personal Products

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
25.5 TWD -1.16% Intraday chart for Maywufa Company Ltd. +7.59% +13.59%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,642 1,768 2,319 2,598 2,625 2,984
Enterprise Value (EV) 1 1,380 1,389 1,793 2,036 2,267 2,853
P/E ratio 21.7 x 17.7 x 13.6 x 15.9 x 16.3 x 17.7 x
Yield 4.05% 4.51% 5.73% 5.98% 5.57% 5.12%
Capitalization / Revenue 1.46 x 1.61 x 2.18 x 2.02 x 2.11 x 2.29 x
EV / Revenue 1.23 x 1.26 x 1.68 x 1.58 x 1.82 x 2.19 x
EV / EBITDA 8.28 x 7.69 x 9.24 x 8.47 x 10.3 x 13.2 x
EV / FCF 6.51 x 8.08 x 19 x 11.6 x -19 x -27 x
FCF Yield 15.4% 12.4% 5.27% 8.65% -5.26% -3.7%
Price to Book 0.95 x 1.01 x 1.24 x 1.3 x 1.31 x 1.46 x
Nbr of stocks (in thousands) 132,915 132,915 132,915 132,915 132,915 132,915
Reference price 2 12.35 13.30 17.45 19.55 19.75 22.45
Announcement Date 2/27/19 3/2/20 2/26/21 2/24/22 2/24/23 2/27/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,123 1,101 1,065 1,289 1,245 1,301
EBITDA 1 166.7 180.6 194.1 240.4 220.2 215.4
EBIT 1 137.3 153.6 170.6 217.5 199.2 194.7
Operating Margin 12.22% 13.95% 16.01% 16.87% 16% 14.97%
Earnings before Tax (EBT) 1 111.2 134.8 207.7 211.8 208.4 210.2
Net income 1 75.76 100.6 171 164.3 161.8 169.1
Net margin 6.74% 9.14% 16.05% 12.75% 13% 13%
EPS 2 0.5700 0.7500 1.280 1.230 1.210 1.270
Free Cash Flow 1 212 171.9 94.41 176.1 -119.2 -105.5
FCF margin 18.87% 15.62% 8.86% 13.66% -9.57% -8.11%
FCF Conversion (EBITDA) 127.14% 95.22% 48.63% 73.24% - -
FCF Conversion (Net income) 279.75% 170.91% 55.21% 107.17% - -
Dividend per Share 2 0.5000 0.6000 1.000 1.170 1.100 1.150
Announcement Date 2/27/19 3/2/20 2/26/21 2/24/22 2/24/23 2/27/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 261 379 527 563 358 131
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 212 172 94.4 176 -119 -106
ROE (net income / shareholders' equity) 4.36% 5.79% 9.41% 8.47% 8.09% 8.38%
ROA (Net income/ Total Assets) 3.27% 3.55% 4.09% 5.26% 4.77% 4.54%
Assets 1 2,317 2,833 4,180 3,125 3,395 3,726
Book Value Per Share 2 12.90 13.20 14.10 15.10 15.00 15.30
Cash Flow per Share 2 1.220 1.020 2.460 1.790 1.340 1.340
Capex 1 11.5 4.83 131 4.32 227 252
Capex / Sales 1.03% 0.44% 12.34% 0.34% 18.24% 19.34%
Announcement Date 2/27/19 3/2/20 2/26/21 2/24/22 2/24/23 2/27/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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