Financials Quang Viet Enterprise Co., Ltd.

Equities

4438

TW0004438007

Apparel & Accessories

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
107 TWD 0.00% Intraday chart for Quang Viet Enterprise Co., Ltd. 0.00% -4.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 15,713 11,165 13,490 12,406 11,635 11,067 -
Enterprise Value (EV) 1 13,963 9,332 15,269 10,425 11,635 11,067 11,067
P/E ratio 15.8 x 22 x 22.9 x 10.5 x 15.8 x 8.24 x 9.18 x
Yield 4.93% 2.96% 3.22% 5.67% - - -
Capitalization / Revenue 0.97 x 0.92 x 1.04 x 0.62 x 0.7 x 0.58 x 0.55 x
EV / Revenue 0.97 x 0.92 x 1.04 x 0.62 x 0.7 x 0.58 x 0.55 x
EV / EBITDA 9.44 x 20.8 x 13.7 x 6.59 x 8.81 x 5.36 x 5.01 x
EV / FCF 12,208,838 x 7,593,482 x -9,232,477 x 6,698,709 x - - -
FCF Yield 0% 0% -0% 0% - - -
Price to Book 2.26 x 1.68 x 1.96 x 1.56 x - - -
Nbr of stocks (in thousands) 103,375 103,375 103,375 103,381 103,425 103,425 -
Reference price 2 152.0 108.0 130.5 120.0 112.5 107.0 107.0
Announcement Date 3/9/20 3/25/21 3/9/22 3/3/23 3/8/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 16,259 12,189 13,022 20,066 16,553 19,144 20,161
EBITDA 1 1,664 537.6 986.3 1,882 1,321 2,065 2,207
EBIT 1 1,382 280.4 684.7 1,522 921.4 1,327 1,485
Operating Margin 8.5% 2.3% 5.26% 7.58% 5.57% 6.93% 7.37%
Earnings before Tax (EBT) 1 1,385 686.4 974.1 1,957 1,191 1,663 1,837
Net income 1 1,009 537.3 630.5 1,176 734.2 1,090 1,205
Net margin 6.2% 4.41% 4.84% 5.86% 4.44% 5.69% 5.98%
EPS 2 9.600 4.910 5.700 11.38 7.100 12.99 11.65
Free Cash Flow 1,287 1,470 -1,461 1,852 - - -
FCF margin 7.92% 12.06% -11.22% 9.23% - - -
FCF Conversion (EBITDA) 77.34% 273.5% - 98.38% - - -
FCF Conversion (Net income) 127.58% 273.64% - 157.46% - - -
Dividend per Share 7.500 3.200 4.200 6.800 - - -
Announcement Date 3/9/20 3/25/21 3/9/22 3/3/23 3/8/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 4,376 3,699 3,007 4,824 7,785 4,450 2,657 4,753 6,513 2,629 2,854 5,058 6,870 4,361 2,926
EBITDA 434.3 128 159.3 614.4 998.2 110.5 120.1 498.3 730.9 - - - - - -
EBIT 1 365.4 47.68 74.45 525.5 907.3 14.53 24.65 399.9 629.2 -132.3 12 371 692 252 22
Operating Margin 8.35% 1.29% 2.48% 10.89% 11.65% 0.33% 0.93% 8.41% 9.66% -5.03% 0.42% 7.33% 10.07% 5.78% 0.75%
Earnings before Tax (EBT) 1 410.6 243 96.1 565 1,305 -9.741 27.87 430.2 895.3 -162.7 19 403 909 332 33
Net income 1 286.1 133.4 10.03 334.1 923.9 -91.85 -46.08 255.2 650.1 -125.5 12 262 600 216 22
Net margin 6.54% 3.61% 0.33% 6.93% 11.87% -2.06% -1.73% 5.37% 9.98% -4.77% 0.42% 5.18% 8.73% 4.95% 0.75%
EPS 2 2.560 1.210 0.1000 2.980 8.140 -0.8900 -0.4500 2.480 5.700 -0.5300 0.1200 2.530 5.800 2.090 0.2100
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/8/21 3/9/22 5/6/22 8/10/22 11/8/22 3/3/23 5/5/23 8/4/23 11/3/23 3/8/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - 1,778 - - - -
Net Cash position 1,750 1,833 - 1,981 - - -
Leverage (Debt/EBITDA) - - 1.803 x - - - -
Free Cash Flow 1,287 1,470 -1,461 1,852 - - -
ROE (net income / shareholders' equity) 14.8% 7.9% 9.31% 15.9% - 9.69% 9.93%
ROA (Net income/ Total Assets) 8.95% 4.38% 4.55% 7.51% - 5.7% 5.88%
Assets 1 11,272 12,261 13,854 15,659 - 19,123 20,493
Book Value Per Share 67.30 64.40 66.70 76.80 - - -
Cash Flow per Share 15.00 15.50 -11.20 19.50 - - -
Capex 1 287 276 186 340 - 200 211
Capex / Sales 1.77% 2.26% 1.42% 1.69% - 1.04% 1.05%
Announcement Date 3/9/20 3/25/21 3/9/22 3/3/23 3/8/24 - -
1TWD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
107 TWD
Average target price
165 TWD
Spread / Average Target
+54.21%
Consensus
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