Financials Strong H Machinery Technology (Cayman) Incorporation

Equities

4560

KYG853531039

Industrial Machinery & Equipment

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
37.25 TWD +0.68% Intraday chart for Strong H Machinery Technology (Cayman) Incorporation -0.40% +1.50%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 3,119 3,308 3,476 3,045 2,874 2,635
Enterprise Value (EV) 1 2,937 3,146 3,264 2,971 2,777 2,326
P/E ratio 14.7 x 10.5 x 12.3 x 40 x 14.4 x 10.5 x
Yield 5.23% - 7.71% 2.23% 4.27% 5.68%
Capitalization / Revenue 2.27 x 1.82 x 2.1 x 2.42 x 1.67 x 1.5 x
EV / Revenue 2.14 x 1.73 x 1.97 x 2.36 x 1.61 x 1.32 x
EV / EBITDA 8.54 x 6.57 x 8.76 x 16.2 x 9.34 x 6.47 x
EV / FCF 1,262 x 41.2 x 16.9 x 27.2 x 52.2 x 9.32 x
FCF Yield 0.08% 2.43% 5.9% 3.68% 1.92% 10.7%
Price to Book 2.13 x 2 x 2.05 x 1.96 x 1.71 x 1.43 x
Nbr of stocks (in thousands) 65,250 66,151 66,969 67,966 68,097 68,097
Reference price 2 47.80 50.00 51.90 44.80 42.20 38.70
Announcement Date 3/23/18 5/6/19 5/5/20 3/31/21 3/25/22 3/30/23
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,374 1,816 1,654 1,257 1,723 1,761
EBITDA 1 343.9 479.1 372.4 183.2 297.3 359.5
EBIT 1 290.6 431.5 305.1 125.5 241.6 304.4
Operating Margin 21.14% 23.76% 18.44% 9.98% 14.02% 17.28%
Earnings before Tax (EBT) 1 293.8 436.1 355.6 104.6 240.3 309.5
Net income 1 203.1 313.1 291.4 76.2 200.9 252.1
Net margin 14.78% 17.24% 17.62% 6.06% 11.66% 14.31%
EPS 2 3.250 4.760 4.213 1.120 2.930 3.700
Free Cash Flow 1 2.326 76.37 192.7 109.2 53.23 249.4
FCF margin 0.17% 4.21% 11.65% 8.69% 3.09% 14.17%
FCF Conversion (EBITDA) 0.68% 15.94% 51.74% 59.63% 17.91% 69.39%
FCF Conversion (Net income) 1.15% 24.39% 66.13% 143.35% 26.5% 98.96%
Dividend per Share 2 2.500 - 4.000 1.000 1.800 2.200
Announcement Date 3/23/18 5/6/19 5/5/20 3/31/21 3/25/22 3/30/23
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 182 162 212 73.8 96.7 309
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2.33 76.4 193 109 53.2 249
ROE (net income / shareholders' equity) 15.6% 20.1% 17.4% 4.68% 12.4% 14.3%
ROA (Net income/ Total Assets) 9.77% 12.3% 8.09% 3.14% 5.98% 7.8%
Assets 1 2,079 2,545 3,601 2,427 3,361 3,230
Book Value Per Share 2 22.50 25.00 25.30 22.90 24.70 27.00
Cash Flow per Share 2 4.540 5.310 6.960 10.20 6.010 7.750
Capex 1 105 136 102 37.6 53.5 110
Capex / Sales 7.61% 7.46% 6.18% 2.99% 3.1% 6.26%
Announcement Date 3/23/18 5/6/19 5/5/20 3/31/21 3/25/22 3/30/23
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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