Financials ChenFull Precision Co., Ltd.

Equities

6829

TW0006829005

Industrial Machinery & Equipment

End-of-day quote Taipei Exchange Other stock markets 06:00:00 2024-05-02 pm EDT			5-day change	1st Jan Change
107.5 ^TWD	-1.38%		-0.92%	-0.92%

Feb. 29	ChenFull Precision Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	ChenFull Precision Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	5,460	4,343	6,420	6,361	-
Enterprise Value (EV) ¹	5,460	4,343	5,828	5,664	5,367
P/E ratio	20.8 x	-	-	-	-
Yield	-	-	-	3.32%	4.55%
Capitalization / Revenue	-	2.44 x	4.75 x	3.62 x	2.67 x
EV / Revenue	-	2.44 x	4.32 x	3.22 x	2.25 x
EV / EBITDA	-	9.79 x	15.5 x	10.8 x	7.78 x
EV / FCF	-	-	105 x	-708 x	8.55 x
FCF Yield	-	-	0.95%	-0.14%	11.7%
Price to Book	-	-	-	-	-
Nbr of stocks (in thousands)	53,790	59,169	59,169	59,169	-
Reference price ²	101.5	73.40	108.5	107.5	107.5
Announcement Date	3/24/22	3/25/23	2/29/24	-	-

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	1,783	1,350	1,759	2,383
EBITDA ¹	-	443.5	376	522	690
EBIT ¹	-	333.7	255.8	366	519
Operating Margin	-	18.71%	18.95%	20.81%	21.78%
Earnings before Tax (EBT)	-	-	-	-	-
Net income	256.4	-	-	-	-
Net margin	-	-	-	-	-
EPS	4.880	-	-	-	-
Free Cash Flow ¹	-	-	55.65	-8	628
FCF margin	-	-	4.12%	-0.45%	26.35%
FCF Conversion (EBITDA)	-	-	14.8%	-	91.01%
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	-	-	3.570	4.890
Announcement Date	3/24/22	3/25/23	2/29/24	-	-

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	341.7	306.6	350.6	373.1	319.9	337	378	452	592
EBITDA	-	-	-	-	-	-	-	-	-
EBIT ¹	48.5	53.7	56.65	94.13	51.35	70	80	94	122
Operating Margin	14.19%	17.51%	16.16%	25.23%	16.05%	20.77%	21.16%	20.8%	20.61%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-
Announcement Date	3/25/23	5/11/23	8/14/23	11/10/23	2/29/24	-	-	-	-

¹TWD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	-	592	697	994
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	-	55.7	-8	628
ROE (net income / shareholders' equity)	-	21.1%	10.9%	14.6%	18.2%
ROA (Net income/ Total Assets)	-	15.4%	8.58%	11.1%	14%
Assets	-	-	-	-	-
Book Value Per Share	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	14.2	101	18	20
Capex / Sales	-	0.8%	7.46%	1.02%	0.84%
Announcement Date	3/24/22	3/25/23	2/29/24	-	-

¹TWD in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for ChenFull Precision Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

107.5 TWD

Average target price

108 TWD

Spread / Average Target

+0.47%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Industrial Parts & Components

	1st Jan change	Capi.
CHENFULL PRECISION CO., LTD.	-0.92%	197M
TRELLEBORG AB	+17.30%	8.78B
MUELLER INDUSTRIES, INC.	+20.49%	6.45B
MISUMI GROUP INC.	+14.10%	5.03B
SFS GROUP AG	+6.14%	4.75B
GATES INDUSTRIAL CORPORATION PLC	+20.57%	4.23B
SHANGHAI MOONS' ELECTRIC CO., LTD.	-14.49%	3.27B
LEADER HARMONIOUS DRIVE SYSTEMS CO., LTD.	-22.55%	2.77B
HIWIN TECHNOLOGIES CORPORATION	-2.34%	2.51B
HARMONIC DRIVE SYSTEMS INC.	-4.69%	2.46B

Industrial Parts & Components