VALUE VALVES CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 101 TWD | +1.20% |
|
+4.88% | +9.43% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,883 | 4,128 | 4,011 | 3,522 | 3,476 | 3,981 |
| Enterprise Value (EV) 1 | 3,292 | 4,543 | 4,103 | 3,607 | 3,401 | 3,555 |
| P/E ratio | 13.9 x | 14.6 x | 13.6 x | 11.2 x | 10.6 x | 12.8 x |
| Yield | 3.95% | 4.31% | 4.99% | 6.39% | 6.51% | 5.2% |
| Capitalization / Revenue | 1.57 x | 1.76 x | 1.67 x | 1.47 x | 1.36 x | 1.53 x |
| EV / Revenue | 1.79 x | 1.93 x | 1.71 x | 1.5 x | 1.33 x | 1.36 x |
| EV / EBITDA | 10.5 x | 10.4 x | 8.68 x | 7.41 x | 7.53 x | 7.44 x |
| EV / FCF | -12 x | 14.5 x | 23.2 x | 23.5 x | -31 x | 6.38 x |
| FCF Yield | -8.32% | 6.92% | 4.31% | 4.26% | -3.22% | 15.7% |
| Price to Book | 2.89 x | 3.44 x | 2.54 x | 2.08 x | 1.61 x | 1.77 x |
| Nbr of stocks (in thousands) | 35,590 | 35,590 | 39,132 | 39,132 | 43,132 | 43,133 |
| Reference price 2 | 81.00 | 116.0 | 102.5 | 90.00 | 80.60 | 92.30 |
| Announcement Date | 4/30/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/26/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,835 | 2,352 | 2,400 | 2,399 | 2,550 | 2,610 |
| EBITDA 1 | 314.9 | 435.2 | 472.8 | 486.5 | 451.8 | 477.7 |
| EBIT 1 | 284.4 | 404.4 | 429.1 | 441 | 404.9 | 429 |
| Operating Margin | 15.5% | 17.2% | 17.88% | 18.38% | 15.88% | 16.44% |
| Earnings before Tax (EBT) 1 | 273.7 | 388.7 | 406.6 | 430.2 | 447.1 | 462.4 |
| Net income 1 | 195.1 | 284.7 | 295.2 | 314.5 | 333 | 331.3 |
| Net margin | 10.63% | 12.11% | 12.3% | 13.11% | 13.06% | 12.7% |
| EPS 2 | 5.820 | 7.950 | 7.540 | 8.030 | 7.577 | 7.207 |
| Free Cash Flow 1 | -274 | 314.3 | 176.7 | 153.8 | -109.6 | 557.6 |
| FCF margin | -14.93% | 13.37% | 7.36% | 6.41% | -4.3% | 21.37% |
| FCF Conversion (EBITDA) | - | 72.23% | 37.37% | 31.61% | - | 116.72% |
| FCF Conversion (Net income) | - | 110.41% | 59.86% | 48.89% | - | 168.3% |
| Dividend per Share 2 | 3.200 | 5.000 | 5.110 | 5.750 | 5.250 | 4.800 |
| Announcement Date | 4/30/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/26/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 409 | 414 | 91.8 | 84.8 | - | - |
| Net Cash position 1 | - | - | - | - | 75.3 | 426 |
| Leverage (Debt/EBITDA) | 1.299 x | 0.9521 x | 0.1942 x | 0.1744 x | - | - |
| Free Cash Flow 1 | -274 | 314 | 177 | 154 | -110 | 558 |
| ROE (net income / shareholders' equity) | 22.9% | 25.9% | 21.2% | 19.2% | 17.3% | 15% |
| ROA (Net income/ Total Assets) | 8.9% | 10.6% | 10.1% | 9.43% | 7.62% | 7.62% |
| Assets 1 | 2,194 | 2,686 | 2,921 | 3,334 | 4,368 | 4,347 |
| Book Value Per Share 2 | 28.10 | 33.70 | 40.40 | 43.20 | 50.00 | 52.20 |
| Cash Flow per Share 2 | 5.390 | 12.50 | 13.10 | 16.60 | 15.30 | 25.60 |
| Capex 1 | 146 | 143 | 77.1 | 108 | 198 | 19.8 |
| Capex / Sales | 7.93% | 6.07% | 3.21% | 4.52% | 7.78% | 0.76% |
| Announcement Date | 4/30/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/26/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +9.43% | 135M | |
| -27.11% | 10.98B | |
| +23.00% | 8.31B | |
| +3.49% | 7.2B | |
| +48.27% | 2.16B | |
| +14.66% | 1.73B | |
| +28.40% | 992M | |
| +11.13% | 932M | |
| -7.30% | 657M | |
| -4.81% | 678M |
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