MACAUTO INDUSTRIAL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 70.4 TWD | +0.28% |
|
-0.71% | -7.00% |
| Mar. 15 | Macauto Industrial Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Macauto Industrial Co., Ltd. Announces Change of Corporate Director's Representative | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,932 | 6,808 | 6,838 | 5,910 | 4,876 | 5,670 |
| Enterprise Value (EV) 1 | 6,359 | 6,764 | 6,159 | 5,082 | 3,760 | 4,360 |
| P/E ratio | 10.4 x | 12.1 x | 13.7 x | 14.9 x | 11.9 x | 13.2 x |
| Yield | 5.3% | 3.85% | 5.15% | 4.18% | 5.07% | 4.49% |
| Capitalization / Revenue | 0.97 x | 1.17 x | 1.48 x | 1.24 x | 1.01 x | 1.09 x |
| EV / Revenue | 1.04 x | 1.16 x | 1.33 x | 1.06 x | 0.78 x | 0.84 x |
| EV / EBITDA | 7.51 x | 8.11 x | 9.07 x | 8.08 x | 7.11 x | 7.61 x |
| EV / FCF | 37.6 x | 9.5 x | 8.61 x | 10.3 x | 10.5 x | 8.59 x |
| FCF Yield | 2.66% | 10.5% | 11.6% | 9.7% | 9.5% | 11.6% |
| Price to Book | 2.23 x | 2.37 x | 2.21 x | 1.9 x | 1.45 x | 1.57 x |
| Nbr of stocks (in thousands) | 74,900 | 74,900 | 74,900 | 74,900 | 74,900 | 74,900 |
| Reference price 2 | 79.20 | 90.90 | 91.30 | 78.90 | 65.10 | 75.70 |
| Announcement Date | 3/25/19 | 3/31/20 | 3/31/21 | 3/30/22 | 3/29/23 | 3/15/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 6,120 | 5,825 | 4,635 | 4,773 | 4,850 | 5,208 |
| EBITDA 1 | 846.8 | 834.4 | 679.2 | 629.3 | 528.7 | 573.3 |
| EBIT 1 | 695.3 | 681.6 | 544.3 | 507.2 | 412.6 | 464.1 |
| Operating Margin | 11.36% | 11.7% | 11.74% | 10.63% | 8.51% | 8.91% |
| Earnings before Tax (EBT) 1 | 723.9 | 691.5 | 609 | 493.5 | 495.1 | 533.5 |
| Net income 1 | 576.6 | 563.8 | 501.1 | 399.4 | 412 | 432.2 |
| Net margin | 9.42% | 9.68% | 10.81% | 8.37% | 8.49% | 8.3% |
| EPS 2 | 7.650 | 7.490 | 6.650 | 5.310 | 5.470 | 5.740 |
| Free Cash Flow 1 | 169.3 | 711.9 | 715.2 | 493.2 | 357.2 | 507.7 |
| FCF margin | 2.77% | 12.22% | 15.43% | 10.33% | 7.37% | 9.75% |
| FCF Conversion (EBITDA) | 19.99% | 85.32% | 105.31% | 78.38% | 67.57% | 88.56% |
| FCF Conversion (Net income) | 29.35% | 126.26% | 142.72% | 123.48% | 86.71% | 117.46% |
| Dividend per Share 2 | 4.200 | 3.500 | 4.700 | 3.300 | 3.300 | 3.400 |
| Announcement Date | 3/25/19 | 3/31/20 | 3/31/21 | 3/30/22 | 3/29/23 | 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 |
|---|---|---|---|---|---|---|
| Net sales | 1,085 | 1,139 | 1,142 | 997.5 | 1,271 | - |
| EBITDA | 111.7 | 137 | - | - | - | - |
| EBIT | 76.47 | 102.4 | 72.01 | 53.39 | 106.7 | - |
| Operating Margin | 7.05% | 8.99% | 6.3% | 5.35% | 8.4% | - |
| Earnings before Tax (EBT) | 82.91 | 106 | 105.5 | 64.46 | 159.5 | - |
| Net income | 66.81 | 88.16 | 86.69 | 55.4 | 133.2 | - |
| Net margin | 6.16% | 7.74% | 7.59% | 5.55% | 10.48% | - |
| EPS 1 | 0.8900 | 1.170 | 1.150 | 0.7400 | 1.770 | 1.810 |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 11/9/21 | 3/24/22 | 5/9/22 | 8/9/22 | 11/8/22 | 3/29/23 |
1TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 426 | - | - | - | - | - |
| Net Cash position 1 | - | 44 | 680 | 828 | 1,116 | 1,310 |
| Leverage (Debt/EBITDA) | 0.5036 x | - | - | - | - | - |
| Free Cash Flow 1 | 169 | 712 | 715 | 493 | 357 | 508 |
| ROE (net income / shareholders' equity) | 22.3% | 20.4% | 16.8% | 12.9% | 12.7% | 12.4% |
| ROA (Net income/ Total Assets) | 7.69% | 7.61% | 6.32% | 5.93% | 4.68% | 5.04% |
| Assets 1 | 7,503 | 7,407 | 7,933 | 6,739 | 8,799 | 8,572 |
| Book Value Per Share 2 | 35.50 | 38.30 | 41.40 | 41.50 | 45.10 | 48.10 |
| Cash Flow per Share 2 | 9.790 | 12.10 | 16.60 | 16.50 | 19.10 | 19.60 |
| Capex 1 | 195 | 80.2 | 27.7 | 50.7 | 51 | 54.6 |
| Capex / Sales | 3.19% | 1.38% | 0.6% | 1.06% | 1.05% | 1.05% |
| Announcement Date | 3/25/19 | 3/31/20 | 3/31/21 | 3/30/22 | 3/29/23 | 3/15/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -7.00% | 163M | |
| +24.24% | 50.29B | |
| -7.49% | 22.58B | |
| +24.23% | 20.23B | |
| +36.35% | 17.9B | |
| -3.59% | 15.27B | |
| -19.01% | 13.72B | |
| -18.32% | 13.41B | |
| +33.50% | 12.29B | |
| +35.48% | 10.46B |
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