Financials National Aerospace Fasteners Corporation

Equities

3004

TW0003004008

Industrial Machinery & Equipment

End-of-day quote Taiwan S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
112 TWD -1.75% Intraday chart for National Aerospace Fasteners Corporation +10.89% +20.69%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,154 4,633 3,006 3,038 3,733 4,993
Enterprise Value (EV) 1 5,232 6,844 5,007 5,053 5,577 6,735
P/E ratio 10.5 x 13.2 x 50.2 x -31.4 x 24.9 x 16.4 x
Yield 4.17% 3.03% 0.88% - 1.44% 2.68%
Capitalization / Revenue 1.38 x 1.65 x 1.76 x 2.13 x 1.7 x 1.63 x
EV / Revenue 2.3 x 2.43 x 2.94 x 3.54 x 2.54 x 2.19 x
EV / EBITDA 9.47 x 9.74 x 16.7 x 37.2 x 15.5 x 11.7 x
EV / FCF -20.3 x -125 x 22.5 x 292 x 81.8 x -753 x
FCF Yield -4.92% -0.8% 4.45% 0.34% 1.22% -0.13%
Price to Book 1.84 x 2.42 x 1.6 x 1.71 x 1.92 x 2.15 x
Nbr of stocks (in thousands) 52,647 52,647 52,647 52,647 52,647 53,802
Reference price 2 59.90 88.00 57.10 57.70 70.90 92.80
Announcement Date 3/7/19 3/5/20 1/29/21 2/23/22 2/23/23 2/27/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,279 2,816 1,704 1,426 2,193 3,071
EBITDA 1 552.3 702.7 299.6 135.7 358.9 577.6
EBIT 1 362.6 473.5 33.64 -117.2 126.8 343.4
Operating Margin 15.91% 16.81% 1.97% -8.22% 5.78% 11.18%
Earnings before Tax (EBT) 1 388.1 457.8 51.07 -105.4 145.1 355.3
Net income 1 301 350.8 59.83 -96.73 150 307.6
Net margin 13.21% 12.46% 3.51% -6.78% 6.84% 10.02%
EPS 2 5.710 6.660 1.136 -1.840 2.849 5.660
Free Cash Flow 1 -257.6 -54.58 223 17.3 68.16 -8.945
FCF margin -11.3% -1.94% 13.09% 1.21% 3.11% -0.29%
FCF Conversion (EBITDA) - - 74.42% 12.75% 18.99% -
FCF Conversion (Net income) - - 372.68% - 45.45% -
Dividend per Share 2 2.500 2.670 0.5000 - 1.020 2.484
Announcement Date 3/7/19 3/5/20 1/29/21 2/23/22 2/23/23 2/27/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,079 2,211 2,001 2,015 1,844 1,742
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.764 x 3.146 x 6.677 x 14.86 x 5.139 x 3.017 x
Free Cash Flow 1 -258 -54.6 223 17.3 68.2 -8.95
ROE (net income / shareholders' equity) 18.6% 19.3% 3.16% -5.3% 8.06% 14.4%
ROA (Net income/ Total Assets) 5.32% 6.18% 0.45% -1.68% 1.79% 4.45%
Assets 1 5,660 5,676 13,335 5,743 8,398 6,916
Book Value Per Share 2 32.60 36.40 35.60 33.70 37.00 43.10
Cash Flow per Share 2 3.000 2.360 2.570 2.090 2.640 1.950
Capex 1 454 441 237 60.4 83.3 163
Capex / Sales 19.92% 15.66% 13.89% 4.23% 3.8% 5.3%
Announcement Date 3/7/19 3/5/20 1/29/21 2/23/22 2/23/23 2/27/24
1TWD in Million2TWD
Estimates
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