Financials Munsin Garment Corporation

Equities

2916

TW0002916004

Apparel & Accessories

End-of-day quote Taipei Exchange 06:00:00 2024-05-09 pm EDT 5-day change 1st Jan Change
62.7 TWD -0.16% Intraday chart for Munsin Garment Corporation -0.63% +28.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 939.6 1,002 923.2 1,188 1,286 2,674
Enterprise Value (EV) 1 1,026 1,121 957.7 1,239 1,269 2,770
P/E ratio 11.3 x 13.1 x 10.5 x 8.67 x 7.2 x 10.7 x
Yield - - 8.88% - 12.7% -
Capitalization / Revenue 0.72 x 0.73 x 0.67 x 0.88 x 0.82 x 1.45 x
EV / Revenue 0.78 x 0.82 x 0.7 x 0.91 x 0.81 x 1.51 x
EV / EBITDA 8.32 x 10.9 x 7.17 x 8.15 x 5.14 x 8.44 x
EV / FCF 24.2 x 131 x 7.35 x 54.1 x 8.83 x -72.8 x
FCF Yield 4.13% 0.77% 13.6% 1.85% 11.3% -1.37%
Price to Book 1.03 x 1.1 x 0.98 x 1.2 x 1.22 x 2.35 x
Nbr of stocks (in thousands) 54,627 54,627 54,627 54,627 54,627 54,627
Reference price 2 17.20 18.35 16.90 21.75 23.55 48.95
Announcement Date 3/19/19 3/23/20 3/19/21 3/29/22 3/20/23 3/11/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,309 1,366 1,376 1,355 1,576 1,838
EBITDA 1 123.3 102.4 133.6 152 246.6 328.2
EBIT 1 95.22 63.35 95.96 123.4 209.9 280.1
Operating Margin 7.28% 4.64% 6.97% 9.11% 13.32% 15.23%
Earnings before Tax (EBT) 1 103.1 95.43 110.5 166 224.8 314.9
Net income 1 83.32 76.55 88.16 137.6 179.7 252
Net margin 6.37% 5.6% 6.41% 10.16% 11.41% 13.71%
EPS 2 1.520 1.400 1.610 2.510 3.270 4.590
Free Cash Flow 1 42.33 8.585 130.3 22.91 143.6 -38.03
FCF margin 3.23% 0.63% 9.47% 1.69% 9.11% -2.07%
FCF Conversion (EBITDA) 34.33% 8.39% 97.54% 15.07% 58.24% -
FCF Conversion (Net income) 50.81% 11.22% 147.84% 16.65% 79.92% -
Dividend per Share - - 1.500 - 3.000 -
Announcement Date 3/19/19 3/23/20 3/19/21 3/29/22 3/20/23 3/11/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 86.6 118 34.5 51.3 - 95.7
Net Cash position 1 - - - - 17.8 -
Leverage (Debt/EBITDA) 0.7022 x 1.154 x 0.2579 x 0.3377 x - 0.2916 x
Free Cash Flow 1 42.3 8.59 130 22.9 144 -38
ROE (net income / shareholders' equity) 9.17% 8.38% 9.54% 14.3% 17.6% 23%
ROA (Net income/ Total Assets) 4.86% 3.13% 4.87% 6.19% 9.72% 11.7%
Assets 1 1,714 2,446 1,810 2,225 1,849 2,160
Book Value Per Share 2 16.80 16.70 17.20 18.20 19.30 20.80
Cash Flow per Share 2 0.7600 1.110 0.8400 1.140 2.180 1.290
Capex 1 35.5 46.7 30.2 20.4 42.8 215
Capex / Sales 2.71% 3.42% 2.19% 1.51% 2.72% 11.7%
Announcement Date 3/19/19 3/23/20 3/19/21 3/29/22 3/20/23 3/11/24
1TWD in Million2TWD
Estimates
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