End-of-day quote
Taiwan S.E.
06:00:00 2024-05-02 pm EDT
|
5-day change
|
1st Jan Change
|
217.5
TWD
|
-6.05%
|
|
-7.84%
|
+19.18%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
52,771
|
70,560
|
97,917
|
49,930
|
54,565
|
65,029
|
-
|
-
|
Enterprise Value (EV)
1 |
50,816
|
67,728
|
97,488
|
50,420
|
58,310
|
62,583
|
58,372
|
65,029
|
P/E ratio
|
21.2
x
|
17.8
x
|
21.1
x
|
14.7
x
|
32.2
x
|
21.9
x
|
18.4
x
|
15.9
x
|
Yield
|
2.38%
|
2.97%
|
2.44%
|
4.19%
|
3.29%
|
2.45%
|
3.07%
|
3.32%
|
Capitalization / Revenue
|
1.87
x
|
2.61
x
|
3.33
x
|
1.35
x
|
2
x
|
2.23
x
|
1.97
x
|
1.91
x
|
EV / Revenue
|
1.8
x
|
2.5
x
|
3.32
x
|
1.36
x
|
2.14
x
|
2.15
x
|
1.77
x
|
1.91
x
|
EV / EBITDA
|
25.6
x
|
31.3
x
|
52
x
|
13.4
x
|
15.7
x
|
17.8
x
|
15.3
x
|
15.8
x
|
EV / FCF
|
55.2
x
|
40.9
x
|
153
x
|
31.7
x
|
-153
x
|
26.9
x
|
26.7
x
|
-
|
FCF Yield
|
1.81%
|
2.45%
|
0.65%
|
3.16%
|
-0.65%
|
3.72%
|
3.74%
|
-
|
Price to Book
|
3.85
x
|
4.43
x
|
5.51
x
|
2.43
x
|
2.66
x
|
3.02
x
|
2.63
x
|
2.59
x
|
Nbr of stocks (in thousands)
|
298,984
|
298,984
|
298,984
|
298,984
|
298,984
|
298,984
|
-
|
-
|
Reference price
2 |
176.5
|
236.0
|
327.5
|
167.0
|
182.5
|
217.5
|
217.5
|
217.5
|
Announcement Date
|
3/29/20
|
3/29/21
|
3/23/22
|
3/31/23
|
3/15/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
28,243
|
27,072
|
29,391
|
37,003
|
27,261
|
29,108
|
33,031
|
34,045
|
EBITDA
1 |
1,982
|
2,160
|
1,874
|
3,767
|
3,721
|
3,520
|
3,818
|
4,113
|
EBIT
1 |
1,711
|
1,884
|
1,589
|
3,437
|
3,386
|
3,240
|
3,624
|
3,831
|
Operating Margin
|
6.06%
|
6.96%
|
5.41%
|
9.29%
|
12.42%
|
11.13%
|
10.97%
|
11.25%
|
Earnings before Tax (EBT)
1 |
3,204
|
5,241
|
6,205
|
4,498
|
2,750
|
3,890
|
4,751
|
4,992
|
Net income
1 |
2,502
|
3,993
|
4,650
|
3,389
|
1,692
|
2,736
|
3,486
|
3,838
|
Net margin
|
8.86%
|
14.75%
|
15.82%
|
9.16%
|
6.21%
|
9.4%
|
10.56%
|
11.27%
|
EPS
2 |
8.330
|
13.27
|
15.55
|
11.34
|
5.660
|
9.936
|
11.82
|
13.67
|
Free Cash Flow
1 |
921.1
|
1,657
|
636.7
|
1,591
|
-381.7
|
2,328
|
2,184
|
-
|
FCF margin
|
3.26%
|
6.12%
|
2.17%
|
4.3%
|
-1.4%
|
8%
|
6.61%
|
-
|
FCF Conversion (EBITDA)
|
46.48%
|
76.72%
|
33.97%
|
42.23%
|
-
|
66.14%
|
57.21%
|
-
|
FCF Conversion (Net income)
|
36.81%
|
41.51%
|
13.69%
|
46.94%
|
-
|
85.1%
|
62.64%
|
-
|
Dividend per Share
2 |
4.200
|
7.000
|
8.000
|
7.000
|
6.000
|
5.327
|
6.675
|
7.232
|
Announcement Date
|
3/29/20
|
3/29/21
|
3/23/22
|
3/31/23
|
3/15/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
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 |
7,508
|
6,572
|
8,156
|
8,809
|
16,964
|
9,428
|
10,611
|
8,387
|
7,459
|
6,688
|
4,727
|
5,590
|
7,508
|
8,837
|
8,445
|
7,398
|
EBITDA
1 |
558.5
|
345.4
|
641.6
|
857.3
|
-
|
1,035
|
1,233
|
1,050
|
1,064
|
951.5
|
655.8
|
749.6
|
1,039
|
1,176
|
826.4
|
-
|
EBIT
1 |
489.3
|
270
|
562
|
774.1
|
-
|
952.2
|
1,149
|
966.8
|
979.1
|
866.7
|
573.4
|
585.6
|
840.5
|
1,016
|
885.5
|
683.8
|
Operating Margin
|
6.52%
|
4.11%
|
6.89%
|
8.79%
|
-
|
10.1%
|
10.83%
|
11.53%
|
13.13%
|
12.96%
|
12.13%
|
10.48%
|
11.19%
|
11.49%
|
10.48%
|
9.24%
|
Earnings before Tax (EBT)
1 |
1,617
|
1,794
|
1,571
|
1,293
|
-
|
1,228
|
406.5
|
844.1
|
1,123
|
1,079
|
-296.5
|
612.1
|
991.1
|
1,232
|
1,044
|
923
|
Net income
1 |
1,218
|
1,390
|
1,207
|
952.9
|
-
|
924.5
|
304.5
|
565.2
|
671.8
|
758.3
|
-303.4
|
435.2
|
683.7
|
869.9
|
754.3
|
757.2
|
Net margin
|
16.22%
|
21.15%
|
14.8%
|
10.82%
|
-
|
9.81%
|
2.87%
|
6.74%
|
9.01%
|
11.34%
|
-6.42%
|
7.78%
|
9.11%
|
9.84%
|
8.93%
|
10.23%
|
EPS
2 |
4.060
|
4.690
|
4.010
|
3.180
|
-
|
3.080
|
1.020
|
1.890
|
2.240
|
2.540
|
-1.010
|
1.437
|
2.141
|
2.833
|
2.705
|
2.465
|
Dividend per Share
|
7.000
|
8.000
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
11/12/21
|
3/23/22
|
5/12/22
|
8/12/22
|
8/12/22
|
11/14/22
|
3/31/23
|
5/13/23
|
8/11/23
|
11/13/23
|
3/15/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
490
|
3,746
|
-
|
-
|
-
|
Net Cash position
1 |
1,954
|
2,833
|
429
|
-
|
-
|
2,446
|
6,657
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
0.1299
x
|
1.007
x
|
-
|
-
|
-
|
Free Cash Flow
1 |
921
|
1,657
|
637
|
1,591
|
-382
|
2,328
|
2,184
|
-
|
ROE (net income / shareholders' equity)
|
18.9%
|
26.8%
|
27.5%
|
17.7%
|
8.23%
|
13.8%
|
14.8%
|
16.6%
|
ROA (Net income/ Total Assets)
|
10.3%
|
14.4%
|
14.3%
|
8.68%
|
4.19%
|
6.47%
|
7.36%
|
6.86%
|
Assets
1 |
24,229
|
27,682
|
32,596
|
39,031
|
40,355
|
42,303
|
47,361
|
55,922
|
Book Value Per Share
2 |
45.90
|
53.30
|
59.40
|
68.80
|
68.60
|
72.00
|
82.80
|
84.00
|
Cash Flow per Share
2 |
4.030
|
7.020
|
2.620
|
5.750
|
-0.8800
|
11.50
|
16.00
|
8.990
|
Capex
1 |
289
|
455
|
151
|
139
|
120
|
133
|
146
|
100
|
Capex / Sales
|
1.02%
|
1.68%
|
0.51%
|
0.38%
|
0.44%
|
0.46%
|
0.44%
|
0.29%
|
Announcement Date
|
3/29/20
|
3/29/21
|
3/23/22
|
3/31/23
|
3/15/24
|
-
|
-
|
-
|
Last Close Price
217.5
TWD Average target price
220.6
TWD Spread / Average Target +1.44% Consensus |
1st Jan change
|
Capi.
|
---|
| +19.18% | 2.01B | | +18.32% | 15.17B | | +103.50% | 852M | | +8.37% | 556M | | -7.35% | 506M | | -20.68% | 376M | | -27.62% | 239M | | -16.85% | 134M | | +4.18% | 112M | | +402.81% | 104M |
Bicycle Manufacturing
|