Financials Nien Hsing Textile Co., Ltd.

Equities

1451

TW0001451003

Apparel & Accessories

End-of-day quote Taiwan S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
20.75 TWD +0.48% Intraday chart for Nien Hsing Textile Co., Ltd. +2.98% +9.79%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,108 4,158 3,425 4,168 4,330 3,901
Enterprise Value (EV) 1 4,113 4,008 2,649 2,930 2,975 2,344
P/E ratio 12.8 x -59.7 x -8.1 x 17.3 x 9.84 x -10.3 x
Yield 7.75% - 3.47% 4.75% 9.55% 2.65%
Capitalization / Revenue 0.58 x 0.49 x 0.49 x 0.52 x 0.5 x 0.61 x
EV / Revenue 0.47 x 0.47 x 0.38 x 0.37 x 0.34 x 0.37 x
EV / EBITDA 6.4 x 19.5 x 0.03 x 5.74 x 5.39 x -10.3 x
EV / FCF -7.92 x -5.06 x 0.04 x 10.7 x -35.9 x 3.76 x
FCF Yield -12.6% -19.8% 2,364% 9.37% -2.78% 26.6%
Price to Book 0.67 x 0.58 x 0.47 x 0.56 x 0.57 x 0.56 x
Nbr of stocks (in thousands) 198,000 198,000 198,000 198,000 206,690 206,390
Reference price 2 25.80 21.00 17.30 21.05 20.95 18.90
Announcement Date 3/19/19 3/20/20 3/19/21 3/11/22 3/15/23 3/12/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 8,800 8,568 7,019 8,012 8,695 6,359
EBITDA 1 642.9 205.7 99,112 510.8 551.5 -227.2
EBIT 1 283.2 -105.7 98,841 259.8 310.4 -449.9
Operating Margin 3.22% -1.23% 1,408.12% 3.24% 3.57% -7.08%
Earnings before Tax (EBT) 1 556.1 -70.4 -548.1 291.4 526.9 -405.6
Net income 1 401.4 -69.7 -423.1 242.7 426.5 -362.9
Net margin 4.56% -0.81% -6.03% 3.03% 4.9% -5.71%
EPS 2 2.020 -0.3520 -2.137 1.220 2.130 -1.833
Free Cash Flow 1 -519.1 -791.9 62,619 274.5 -82.76 622.9
FCF margin -5.9% -9.24% 892.09% 3.43% -0.95% 9.8%
FCF Conversion (EBITDA) - - 63.18% 53.74% - -
FCF Conversion (Net income) - - - 113.11% - -
Dividend per Share 2 2.000 - 0.6000 1.000 2.000 0.5000
Announcement Date 3/19/19 3/20/20 3/19/21 3/11/22 3/15/23 3/12/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 996 150 777 1,238 1,355 1,557
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -519 -792 62,619 275 -82.8 623
ROE (net income / shareholders' equity) 5.38% -0.94% -5.85% 3.3% 5.68% -5%
ROA (Net income/ Total Assets) 1.7% -0.68% 672% 1.79% 2.13% -3.27%
Assets 1 23,604 10,243 -62.98 13,526 20,021 11,100
Book Value Per Share 2 38.70 36.40 36.70 37.50 36.80 33.50
Cash Flow per Share 2 7.960 3.510 5.730 7.820 7.770 6.310
Capex 1 519 393 97.2 110 114 192
Capex / Sales 5.9% 4.59% 1.38% 1.37% 1.32% 3.03%
Announcement Date 3/19/19 3/20/20 3/19/21 3/11/22 3/15/23 3/12/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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