TECO ELECTRIC & MACHINERY CO., LTD. Financials TECO Electric & Machinery Co., Ltd.
Equities
1504
TW0001504009
Heavy Electrical Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 57.1 TWD | -1.72% |
|
-4.67% | +22.01% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 50,966 | 53,591 | 66,759 | 58,111 | 98,714 | 120,440 | - |
| Enterprise Value (EV) 1 | 46,605 | 48,812 | 64,129 | 51,444 | 90,041 | 97,790 | 98,453 |
| P/E ratio | 15.9 x | 15.3 x | 13.3 x | 16.8 x | 17 x | 19.3 x | 16.4 x |
| Yield | 3.78% | 4.16% | 4.27% | 5.44% | 4.7% | 3.94% | 4.41% |
| Capitalization / Revenue | 1.06 x | 1.17 x | 1.27 x | 1 x | 1.66 x | 1.9 x | 1.64 x |
| EV / Revenue | 0.97 x | 1.07 x | 1.22 x | 0.88 x | 1.52 x | 1.54 x | 1.34 x |
| EV / EBITDA | 8.51 x | 8.81 x | 9.33 x | 7.48 x | 10.4 x | 11 x | 8.69 x |
| EV / FCF | 9.52 x | 10.1 x | 19.3 x | 14.8 x | 21.3 x | 21.2 x | 12.2 x |
| FCF Yield | 10.5% | 9.87% | 5.18% | 6.75% | 4.69% | 4.71% | 8.17% |
| Price to Book | 0.9 x | 0.87 x | 0.76 x | 0.74 x | 1.23 x | 1.45 x | 1.39 x |
| Nbr of stocks (in thousands) | 1,945,250 | 1,938,180 | 2,109,284 | 2,109,284 | 2,109,284 | 2,109,284 | - |
| Reference price 2 | 26.20 | 27.65 | 31.65 | 27.55 | 46.80 | 57.10 | 57.10 |
| Announcement Date | 3/18/20 | 3/24/21 | 3/16/22 | 3/16/23 | 3/15/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 47,909 | 45,823 | 52,557 | 58,315 | 59,394 | 63,432 | 73,644 |
| EBITDA 1 | 5,476 | 5,540 | 6,872 | 6,877 | 8,651 | 8,888 | 11,335 |
| EBIT 1 | 3,536 | 3,534 | 5,069 | 5,074 | 6,663 | 7,622 | 9,370 |
| Operating Margin | 7.38% | 7.71% | 9.65% | 8.7% | 11.22% | 12.02% | 12.72% |
| Earnings before Tax (EBT) 1 | 4,439 | 4,400 | 6,152 | 5,422 | 8,274 | 9,002 | 10,397 |
| Net income 1 | 3,222 | 3,511 | 5,013 | 3,458 | 5,830 | 6,372 | 7,553 |
| Net margin | 6.72% | 7.66% | 9.54% | 5.93% | 9.82% | 10.05% | 10.26% |
| EPS 2 | 1.650 | 1.810 | 2.380 | 1.640 | 2.760 | 2.960 | 3.482 |
| Free Cash Flow 1 | 4,896 | 4,819 | 3,319 | 3,473 | 4,223 | 4,605 | 8,046 |
| FCF margin | 10.22% | 10.52% | 6.32% | 5.96% | 7.11% | 7.26% | 10.93% |
| FCF Conversion (EBITDA) | 89.4% | 86.99% | 48.31% | 50.5% | 48.81% | 51.81% | 70.99% |
| FCF Conversion (Net income) | 151.96% | 137.24% | 66.21% | 100.44% | 72.43% | 72.27% | 106.52% |
| Dividend per Share 2 | 0.9900 | 1.150 | 1.350 | 1.500 | 2.200 | 2.250 | 2.520 |
| Announcement Date | 3/18/20 | 3/24/21 | 3/16/22 | 3/16/23 | 3/15/24 | - | - |
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 | 13,241 | 13,838 | 13,897 | 14,544 | 14,816 | 15,058 | 14,900 | 15,064 | 15,065 | 14,364 | 15,127 | 15,735 | 16,862 | 16,760 | 18,934 |
| EBITDA 1 | 1,306 | 1,639 | 1,602 | 1,735 | 1,749 | 1,791 | 2,170 | 2,272 | 2,171 | 2,105 | 1,949 | 2,442 | 2,552 | 2,613 | - |
| EBIT 1 | 849.8 | 1,217 | 1,151 | 1,287 | 1,314 | 1,321 | 1,697 | 1,780 | 1,677 | 1,508 | 1,807 | 1,943 | 2,052 | 2,038 | 2,723 |
| Operating Margin | 6.42% | 8.79% | 8.28% | 8.85% | 8.87% | 8.78% | 11.39% | 11.82% | 11.13% | 10.5% | 11.95% | 12.35% | 12.17% | 12.16% | 14.38% |
| Earnings before Tax (EBT) 1 | 2,115 | 846.9 | 799.8 | 1,568 | 1,549 | 1,505 | 2,187 | 2,778 | 1,609 | 1,700 | 1,962 | 2,641 | 2,310 | 2,089 | 2,717 |
| Net income 1 | 1,579 | 896.1 | 348.4 | 1,021 | 1,083 | 1,005 | 1,635 | 2,122 | 981.2 | 1,092 | 1,393 | 1,917 | 1,627 | 1,489 | 1,929 |
| Net margin | 11.92% | 6.48% | 2.51% | 7.02% | 7.31% | 6.68% | 10.97% | 14.09% | 6.51% | 7.6% | 9.21% | 12.18% | 9.65% | 8.88% | 10.19% |
| EPS 2 | 0.7500 | 0.4200 | 0.1700 | 0.4800 | 0.5100 | 0.4800 | 0.7800 | 1.010 | 0.4700 | 0.5100 | 0.6100 | 0.8667 | 0.8267 | 0.7333 | 0.9000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/5/21 | 3/16/22 | 5/13/22 | 8/12/22 | 11/11/22 | 3/16/23 | 5/15/23 | 8/12/23 | 11/14/23 | 3/15/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 4,361 | 4,779 | 2,630 | 6,667 | 8,673 | 22,650 | 21,987 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 4,896 | 4,819 | 3,319 | 3,473 | 4,223 | 4,605 | 8,046 |
| ROE (net income / shareholders' equity) | 5.84% | 5.92% | 6.64% | 4.09% | 7.3% | 7.61% | 8.57% |
| ROA (Net income/ Total Assets) | 3.37% | 3.43% | 4.14% | 2.63% | 4.6% | 5.14% | 5.58% |
| Assets 1 | 95,538 | 102,387 | 121,149 | 131,608 | 126,740 | 124,029 | 135,364 |
| Book Value Per Share 2 | 29.20 | 31.90 | 41.70 | 37.40 | 38.00 | 39.50 | 41.20 |
| Cash Flow per Share 2 | 3.040 | 2.830 | 1.950 | 3.020 | 2.950 | 4.610 | 5.090 |
| Capex 1 | 1,033 | 668 | 796 | 2,905 | 2,010 | 2,429 | 1,813 |
| Capex / Sales | 2.16% | 1.46% | 1.51% | 4.98% | 3.38% | 3.83% | 2.46% |
| Announcement Date | 3/18/20 | 3/24/21 | 3/16/22 | 3/16/23 | 3/15/24 | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
57.1
TWD
Average target price
55.4
TWD
Spread / Average Target
-2.98%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.01% | 3.69B | |
| +20.48% | 90.86B | |
| +42.83% | 24.55B | |
| +37.12% | 16.28B | |
| +22.71% | 10.21B | |
| +4.91% | 8.52B | |
| +35.20% | 8.09B | |
| +1.95% | 7.54B | |
| +161.16% | 6.83B | |
| +51.72% | 5.29B |
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- Financials TECO Electric & Machinery Co., Ltd.
