Financials Oriental Union Chemical Corporation

Equities

1710

TW0001710002

Commodity Chemicals

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
17.3 TWD +0.58% Intraday chart for Oriental Union Chemical Corporation +1.76% -14.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 18,311 17,701 19,536 16,305 17,663 15,165
Enterprise Value (EV) 1 31,693 31,056 19,536 16,305 17,663 15,165
P/E ratio 525 x -16.6 x 21.7 x 465 x 67.2 x 47.4 x
Yield 1.43% - - - - -
Capitalization / Revenue 0.82 x 0.95 x 0.71 x - 0.85 x 0.73 x
EV / Revenue 0.82 x 0.95 x 0.71 x - 0.85 x 0.73 x
EV / EBITDA 256,599,529 x - - - - -
EV / FCF -15.9 x 74.3 x 5.31 x - 2,137 x 192 x
FCF Yield -6.31% 1.35% 18.8% - 0.05% 0.52%
Price to Book 1.38 x 1.46 x 1.55 x - 1.53 x 1.24 x
Nbr of stocks (in thousands) 871,949 871,949 872,134 876,594 876,594 876,594
Reference price 2 21.00 20.30 22.40 18.60 20.15 17.30
Announcement Date 3/25/20 3/18/21 3/9/22 3/10/23 3/7/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net sales 1 22,318 18,714 27,467 - 20,817 20,718
EBITDA 71.36 - - - - -
EBIT 1 -1,011 -456 1,422 - -680.5 250
Operating Margin -4.53% -2.44% 5.18% - -3.27% 1.21%
Earnings before Tax (EBT) 1 -667.9 -1,307 1,375 - -196.4 226
Net income 1 33.62 -1,065 899.8 - 265.7 322
Net margin 0.15% -5.69% 3.28% - 1.28% 1.55%
EPS 2 0.0400 -1.220 1.030 0.0400 0.3000 0.3650
Free Cash Flow 1 -1,155 238.3 3,678 - 8.266 79
FCF margin -5.17% 1.27% 13.39% - 0.04% 0.38%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - 408.74% - 3.11% 24.53%
Dividend per Share 0.3000 - - - - -
Announcement Date 3/25/20 3/18/21 3/9/22 3/10/23 3/7/24 -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2022 Q1 2022 Q2 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 6,975 6,525 5,519 5,225 5,235 5,248 5,086
EBITDA - - - - - - -
EBIT 1 378.5 -136.3 -327.6 -130.8 -141.6 -248.3 -159.8
Operating Margin 5.43% -2.09% -5.94% -2.5% -2.7% -4.73% -3.14%
Earnings before Tax (EBT) 1 292.3 -288.8 -467.2 521.3 -194 -275.2 -248.5
Net income 1 229.1 -73.16 -187.7 629.9 -75.77 -148.8 -139.6
Net margin 3.28% -1.12% -3.4% 12.06% -1.45% -2.84% -2.74%
EPS 2 0.2600 -0.0800 -0.2200 0.7200 -0.0900 -0.1700 -0.1600
Dividend per Share - - - - - - -
Announcement Date 11/5/21 4/29/22 8/5/22 4/28/23 8/11/23 11/10/23 3/7/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2023 2024
Net Debt 13,382 13,355 - - -
Net Cash position - - - - -
Leverage (Debt/EBITDA) 187.5 x - - - -
Free Cash Flow 1 -1,155 238 3,678 8.27 79
ROE (net income / shareholders' equity) 0.24% - 7.22% 2.24% 1.8%
ROA (Net income/ Total Assets) 0.09% - 2.65% 0.78% 0.8%
Assets 1 36,621 - 33,940 33,963 40,250
Book Value Per Share 2 15.30 13.90 14.50 13.20 13.90
Cash Flow per Share -0.8900 0.8600 - - -
Capex 1 408 513 13.7 26.7 16
Capex / Sales 1.83% 2.74% 0.05% 0.13% 0.08%
Announcement Date 3/25/20 3/18/21 3/9/22 3/7/24 -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
17.3 TWD
Average target price
21 TWD
Spread / Average Target
+21.39%
Consensus
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