EUROCHARM HOLDINGS CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 190 TWD | 0.00% |
|
-1.55% | +4.40% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 7,373 | 8,031 | 7,076 | 9,973 | 10,795 | 12,082 |
| Enterprise Value (EV) 1 | 6,632 | 7,574 | 6,574 | 10,768 | 10,985 | 11,482 |
| P/E ratio | 13.5 x | 12.9 x | 12.8 x | 15.9 x | 11.8 x | 12.2 x |
| Yield | 4.46% | 4.51% | 3.72% | 2.97% | 4.3% | 4.29% |
| Capitalization / Revenue | 1.6 x | 1.53 x | 1.52 x | 1.74 x | 1.34 x | 1.66 x |
| EV / Revenue | 1.44 x | 1.45 x | 1.41 x | 1.88 x | 1.37 x | 1.58 x |
| EV / EBITDA | 9.76 x | 9.38 x | 8.57 x | 12.9 x | 8.17 x | 8.51 x |
| EV / FCF | -48.3 x | 57.9 x | 20.5 x | -9.06 x | 25.5 x | 8.16 x |
| FCF Yield | -2.07% | 1.73% | 4.87% | -11% | 3.93% | 12.3% |
| Price to Book | 2.55 x | 2.62 x | 2.3 x | 3 x | 2.44 x | 2.41 x |
| Nbr of stocks (in thousands) | 65,826 | 65,826 | 65,826 | 65,826 | 65,826 | 66,385 |
| Reference price 2 | 112.0 | 122.0 | 107.5 | 151.5 | 164.0 | 182.0 |
| Announcement Date | 2/27/19 | 2/27/20 | 2/26/21 | 2/25/22 | 2/24/23 | 3/4/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,614 | 5,235 | 4,659 | 5,723 | 8,037 | 7,267 |
| EBITDA 1 | 679.3 | 807.4 | 767.2 | 835.1 | 1,345 | 1,349 |
| EBIT 1 | 560.9 | 648.4 | 614.5 | 683 | 1,093 | 1,080 |
| Operating Margin | 12.16% | 12.39% | 13.19% | 11.93% | 13.6% | 14.86% |
| Earnings before Tax (EBT) 1 | 706 | 754 | 718.6 | 753.6 | 1,126 | 1,255 |
| Net income 1 | 549.8 | 625.4 | 553.2 | 627.5 | 941.4 | 1,033 |
| Net margin | 11.92% | 11.95% | 11.87% | 10.96% | 11.71% | 14.21% |
| EPS 2 | 8.320 | 9.470 | 8.370 | 9.510 | 13.91 | 14.95 |
| Free Cash Flow 1 | -137.2 | 130.8 | 320 | -1,188 | 431.4 | 1,407 |
| FCF margin | -2.97% | 2.5% | 6.87% | -20.76% | 5.37% | 19.36% |
| FCF Conversion (EBITDA) | - | 16.21% | 41.72% | - | 32.07% | 104.3% |
| FCF Conversion (Net income) | - | 20.92% | 57.85% | - | 45.83% | 136.2% |
| Dividend per Share 2 | 5.000 | 5.500 | 4.000 | 4.500 | 7.055 | 7.800 |
| Announcement Date | 2/27/19 | 2/27/20 | 2/26/21 | 2/25/22 | 2/24/23 | 3/4/24 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,375 | 1,568 | 1,793 | 1,883 | 2,082 | 2,279 | 1,836 | 1,796 | 1,731 |
| EBITDA | 168.8 | 193.9 | 282.6 | 320.2 | 371.7 | 389.5 | 373 | 313.4 | - |
| EBIT 1 | 128 | 150.5 | 222.2 | 252.1 | 299.7 | 319.4 | 305.1 | 243 | 255.9 |
| Operating Margin | 9.31% | 9.6% | 12.4% | 13.39% | 14.39% | 14.01% | 16.62% | 13.53% | 14.78% |
| Earnings before Tax (EBT) 1 | 146.7 | 142.5 | 224.7 | 250 | 330.7 | 320.5 | 304.2 | 284.7 | 340.1 |
| Net income 1 | 118.4 | 137 | 176.3 | 198.9 | 264 | 302.2 | 235.8 | 221.5 | 268.2 |
| Net margin | 8.62% | 8.74% | 9.83% | 10.56% | 12.68% | 13.26% | 12.84% | 12.33% | 15.49% |
| EPS 2 | 1.800 | 2.080 | 2.670 | 2.990 | 3.840 | 4.490 | 3.430 | 3.230 | 3.890 |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/2/21 | 2/25/22 | 4/28/22 | 8/16/22 | 11/1/22 | 2/24/23 | 5/9/23 | 8/8/23 | 11/1/23 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 795 | 190 | - |
| Net Cash position 1 | 740 | 457 | 502 | - | - | 600 |
| Leverage (Debt/EBITDA) | - | - | - | 0.9525 x | 0.1411 x | - |
| Free Cash Flow 1 | -137 | 131 | 320 | -1,188 | 431 | 1,407 |
| ROE (net income / shareholders' equity) | 20.2% | 21% | 18% | 19.5% | 24% | 21.8% |
| ROA (Net income/ Total Assets) | 9.27% | 9.05% | 7.67% | 7.17% | 9.53% | 9.33% |
| Assets 1 | 5,929 | 6,910 | 7,215 | 8,752 | 9,874 | 11,066 |
| Book Value Per Share 2 | 43.90 | 46.70 | 46.70 | 50.40 | 67.20 | 75.50 |
| Cash Flow per Share 2 | 10.30 | 17.10 | 15.90 | 17.40 | 21.20 | 14.70 |
| Capex 1 | 524 | 294 | 255 | 960 | 299 | 198 |
| Capex / Sales | 11.35% | 5.61% | 5.48% | 16.77% | 3.72% | 2.73% |
| Announcement Date | 2/27/19 | 2/27/20 | 2/26/21 | 2/25/22 | 2/24/23 | 3/4/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
190
TWD
Average target price
178
TWD
Spread / Average Target
-6.32%
| 1st Jan change | Capi. | |
|---|---|---|
| +4.40% | 388M | |
| +29.62% | 50.98B | |
| +25.77% | 20.39B | |
| -20.63% | 19.42B | |
| +31.67% | 17.27B | |
| +1.48% | 15.84B | |
| -18.75% | 13.35B | |
| +31.97% | 11.74B | |
| +28.58% | 10.66B | |
| +30.12% | 10.21B |
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