Financials Hotai Motor Co.,Ltd.

Equities

2207

TW0002207008

Auto Vehicles, Parts & Service Retailers

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
609 TWD 0.00% Intraday chart for Hotai Motor Co.,Ltd. +1.33% -14.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 373,040 351,193 335,354 321,153 394,986 339,276 -
Enterprise Value (EV) 1 373,040 351,193 335,354 321,153 394,986 339,276 339,276
P/E ratio - - - - - - -
Yield - - - - - - -
Capitalization / Revenue 1.75 x 1.51 x 1.36 x 1.3 x 1.41 x 1.2 x 1.11 x
EV / Revenue 1.75 x 1.51 x 1.36 x 1.3 x 1.41 x 1.2 x 1.11 x
EV / EBITDA 10.3 x 8.44 x 8.78 x -379 x 10.3 x 7.43 x 6.87 x
EV / FCF -215 x -86.6 x - -5.21 x -9.13 x 23.3 x -
FCF Yield -0.47% -1.15% - -19.2% -11% 4.3% -
Price to Book - - - 7.69 x 5.96 x - -
Nbr of stocks (in thousands) 557,103 557,103 557,103 557,103 557,103 557,103 -
Reference price 2 669.6 630.4 602.0 576.5 709.0 609.0 609.0
Announcement Date 3/26/20 3/24/21 3/24/22 3/16/23 3/14/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 213,745 231,813 246,917 246,482 279,477 282,637 306,057
EBITDA 1 36,144 41,635 38,186 -847.8 38,167 45,654 49,378
EBIT 1 27,198 31,963 27,433 -12,881 25,095 27,944 30,858
Operating Margin 12.72% 13.79% 11.11% -5.23% 8.98% 9.89% 10.08%
Earnings before Tax (EBT) - - - - - - -
Net income - - - - - - -
Net margin - - - - - - -
EPS - - - - - - -
Free Cash Flow 1 -1,737 -4,055 - -61,658 -43,274 14,582 -
FCF margin -0.81% -1.75% - -25.02% -15.48% 5.16% -
FCF Conversion (EBITDA) - - - - - 31.94% -
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 3/26/20 3/24/21 3/24/22 3/16/23 3/14/24 - -
1TWD in Million
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 57,056 56,899 61,173 57,491 62,272 65,757 67,971 71,624 70,493 69,452 71,131 69,410 67,536 74,560 78,839
EBITDA - - - - - - - - - - - - - - -
EBIT 1 5,493 7,170 6,929 877 -12,068 -8,619 8,319 9,237 8,616 5,074 7,388 6,976 6,574 7,005 8,421
Operating Margin 9.63% 12.6% 11.33% 1.53% -19.38% -13.11% 12.24% 12.9% 12.22% 7.31% 10.39% 10.05% 9.73% 9.4% 10.68%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/11/21 3/24/22 5/11/22 8/11/22 11/10/22 3/16/23 5/11/23 8/10/23 11/10/23 3/14/24 - - - - -
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 -1,737 -4,055 - -61,658 -43,274 14,582 -
ROE (net income / shareholders' equity) 21.8% 22.3% 21.9% -33.5% 42.3% 20.3% 19.6%
ROA (Net income/ Total Assets) 4.85% 5.07% 5.36% -5.11% 5.1% 4.62% 5.02%
Assets - - - - - - -
Book Value Per Share - - - 75.00 119.0 - -
Cash Flow per Share - - - - - - -
Capex 1 18,216 17,731 20,975 24,464 24,103 24,000 24,000
Capex / Sales 8.52% 7.65% 8.49% 9.93% 8.62% 8.49% 7.84%
Announcement Date 3/26/20 3/24/21 3/24/22 3/16/23 3/14/24 - -
1TWD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
609 TWD
Average target price
771 TWD
Spread / Average Target
+26.60%
Consensus

Quarterly revenue - Rate of surprise

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