Financials NAK Sealing Technologies Corporation

Equities

9942

TW0009942003

Tires & Rubber Products

End-of-day quote Taiwan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
129 TWD +0.78% Intraday chart for NAK Sealing Technologies Corporation +2.38% -4.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,622 5,830 5,730 8,158 8,774 11,185
Enterprise Value (EV) 1 5,420 5,908 5,768 8,151 8,869 10,585
P/E ratio 12.9 x 14.3 x 14.9 x 15.2 x 13.6 x 11.5 x
Yield 6.21% 5.99% 6.1% 5.1% 5.31% 5.2%
Capitalization / Revenue 1.75 x 1.93 x 1.99 x 2.11 x 2.11 x 2.34 x
EV / Revenue 1.69 x 1.96 x 2.01 x 2.11 x 2.13 x 2.21 x
EV / EBITDA 7.33 x 8.54 x 9.09 x 8.64 x 8.92 x 7.15 x
EV / FCF 21.8 x 16.7 x 18.4 x 28.2 x 51.4 x 10.5 x
FCF Yield 4.59% 5.98% 5.44% 3.54% 1.94% 9.53%
Price to Book 1.89 x 1.95 x 1.89 x 2.54 x 2.53 x 2.82 x
Nbr of stocks (in thousands) 83,161 83,161 83,161 83,161 83,161 83,161
Reference price 2 67.60 70.10 68.90 98.10 105.5 134.5
Announcement Date 3/27/19 3/30/20 3/26/21 3/24/22 3/23/23 3/15/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,212 3,017 2,875 3,860 4,162 4,787
EBITDA 1 739.5 692.1 634.3 943.8 994.4 1,480
EBIT 1 631 554.3 480.7 790.4 830.9 1,306
Operating Margin 19.65% 18.38% 16.72% 20.48% 19.96% 27.29%
Earnings before Tax (EBT) 1 667.7 571.1 538.7 772 908 1,329
Net income 1 439 409.2 385.8 539.8 650.2 979.2
Net margin 13.67% 13.56% 13.42% 13.99% 15.62% 20.46%
EPS 2 5.250 4.900 4.610 6.460 7.780 11.70
Free Cash Flow 1 248.9 353.3 313.8 288.9 172.4 1,008
FCF margin 7.75% 11.71% 10.92% 7.48% 4.14% 21.07%
FCF Conversion (EBITDA) 33.66% 51.05% 49.47% 30.61% 17.34% 68.11%
FCF Conversion (Net income) 56.7% 86.36% 81.33% 53.52% 26.51% 102.97%
Dividend per Share 2 4.200 4.200 4.200 5.000 5.600 7.000
Announcement Date 3/27/19 3/30/20 3/26/21 3/24/22 3/23/23 3/15/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 968.1 - 1,087 1,171 1,129 1,290 1,238 1,129
EBITDA - - - - - - - -
EBIT 1 205.4 - 249.3 248.6 294.7 364.6 361.5 285.3
Operating Margin 21.22% - 22.94% 21.23% 26.09% 28.27% 29.2% 25.26%
Earnings before Tax (EBT) 1 208.7 - 287.7 249.7 292.4 379.7 392.1 264.7
Net income 1 147.5 124.2 208.3 178.5 211.5 280.1 291.3 196.4
Net margin 15.24% - 19.17% 15.24% 18.72% 21.72% 23.53% 17.39%
EPS 2 1.770 1.490 2.490 2.150 2.540 3.370 3.500 2.340
Dividend per Share - - - - - - - -
Announcement Date 11/10/21 8/10/22 11/10/22 3/23/23 5/12/23 8/11/23 11/13/23 3/15/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 78.3 38.5 - 95.4 -
Net Cash position 1 202 - - 6.8 - 600
Leverage (Debt/EBITDA) - 0.1131 x 0.0608 x - 0.0959 x -
Free Cash Flow 1 249 353 314 289 172 1,008
ROE (net income / shareholders' equity) 14.9% 13.7% 12.9% 17.4% 19.4% 26.3%
ROA (Net income/ Total Assets) 9.89% 8.44% 6.98% 10.7% 10.3% 15.5%
Assets 1 4,439 4,850 5,530 5,058 6,333 6,320
Book Value Per Share 2 35.80 36.00 36.40 38.70 41.70 47.60
Cash Flow per Share 2 3.550 4.010 4.700 5.650 5.270 6.240
Capex 1 281 232 71.5 154 174 194
Capex / Sales 8.74% 7.71% 2.49% 4% 4.17% 4.05%
Announcement Date 3/27/19 3/30/20 3/26/21 3/24/22 3/23/23 3/15/24
1TWD in Million2TWD
Estimates
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