NAN YA PLASTICS CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 55.6 TWD | -0.36% |
|
+1.09% | -16.39% |
| Mar. 18 | Nan Ya Plastics Corporation(TWSE:1303) dropped from S&P Global 1200 | CI |
| Mar. 18 | Nan Ya Plastics Corporation(TWSE:1303) dropped from S&P International 700 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 577,364 | 570,226 | 677,292 | 563,088 | 527,400 | 440,954 | - | - |
| Enterprise Value (EV) 1 | 660,809 | 661,925 | 742,865 | 648,015 | 637,557 | 526,930 | 519,835 | 440,954 |
| P/E ratio | 25 x | 22.2 x | 8.33 x | 17.5 x | 83.1 x | 27 x | 16.3 x | - |
| Yield | 3.02% | 3.34% | 8.78% | - | - | 2.65% | 4.51% | 5.04% |
| Capitalization / Revenue | 2.02 x | 2.09 x | 1.65 x | 1.59 x | 2.03 x | 1.62 x | 1.41 x | 1.44 x |
| EV / Revenue | 2.31 x | 2.42 x | 1.8 x | 1.82 x | 2.45 x | 1.94 x | 1.67 x | 1.44 x |
| EV / EBITDA | 25 x | 17.4 x | 7.37 x | 12.3 x | 25.1 x | 17.5 x | 12.1 x | 9.26 x |
| EV / FCF | 29 x | 57.6 x | 14.9 x | 14.7 x | 54.4 x | 79.2 x | 32.9 x | - |
| FCF Yield | 3.45% | 1.74% | 6.69% | 6.8% | 1.84% | 1.26% | 3.04% | - |
| Price to Book | 1.68 x | 1.65 x | 1.64 x | 1.5 x | 1.46 x | 1.14 x | 1.05 x | - |
| Nbr of stocks (in thousands) | 7,930,822 | 7,930,822 | 7,930,822 | 7,930,822 | 7,930,822 | 7,930,822 | - | - |
| Reference price 2 | 72.80 | 71.90 | 85.40 | 71.00 | 66.50 | 55.60 | 55.60 | 55.60 |
| Announcement Date | 1/10/20 | 3/17/21 | 1/10/22 | 3/8/23 | 3/12/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 286,343 | 273,354 | 411,666 | 355,183 | 259,755 | 271,658 | 311,775 | 305,835 |
| EBITDA 1 | 26,430 | 37,998 | 100,784 | 52,583 | 25,428 | 30,193 | 42,874 | 47,632 |
| EBIT 1 | 9,984 | 21,220 | 80,998 | 32,030 | 1,984 | 9,472 | 20,071 | 21,600 |
| Operating Margin | 3.49% | 7.76% | 19.68% | 9.02% | 0.76% | 3.49% | 6.44% | 7.06% |
| Earnings before Tax (EBT) 1 | 26,642 | 30,438 | 103,458 | 47,551 | 9,130 | 20,765 | 38,681 | - |
| Net income 1 | 23,070 | 25,709 | 81,294 | 32,109 | 6,310 | 17,244 | 39,307 | - |
| Net margin | 8.06% | 9.41% | 19.75% | 9.04% | 2.43% | 6.35% | 12.61% | - |
| EPS 2 | 2.910 | 3.240 | 10.25 | 4.050 | 0.8000 | 2.056 | 3.410 | - |
| Free Cash Flow 1 | 22,815 | 11,499 | 49,698 | 44,054 | 11,720 | 6,657 | 15,818 | - |
| FCF margin | 7.97% | 4.21% | 12.07% | 12.4% | 4.51% | 2.45% | 5.07% | - |
| FCF Conversion (EBITDA) | 86.32% | 30.26% | 49.31% | 83.78% | 46.09% | 22.05% | 36.89% | - |
| FCF Conversion (Net income) | 98.9% | 44.73% | 61.13% | 137.2% | 185.73% | 38.61% | 40.24% | - |
| Dividend per Share 2 | 2.200 | 2.400 | 7.500 | - | - | 1.474 | 2.506 | 2.800 |
| Announcement Date | 1/10/20 | 3/17/21 | 1/10/22 | 3/8/23 | 3/12/24 | - | - | - |
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 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 109,928 | 108,039 | 102,092 | 94,732 | 82,588 | 75,771 | 65,774 | 63,738 | 67,251 | 62,992 | 67,202 | 78,357 | 79,895 | 75,151 | - |
| EBITDA 1 | 27,645 | 24,209 | 18,680 | 15,291 | - | 10,355 | 6,450 | 5,377 | 6,013 | 7,588 | 5,794 | 6,754 | 10,032 | 9,711 | - |
| EBIT 1 | 22,631 | 19,138 | 13,467 | 10,169 | 3,182 | 5,212 | 1,039 | -276 | 357.8 | 862.9 | 1,033 | 1,994 | 5,272 | 4,951 | - |
| Operating Margin | 20.59% | 17.71% | 13.19% | 10.73% | 3.85% | 6.88% | 1.58% | -0.43% | 0.53% | 1.37% | 1.54% | 2.54% | 6.6% | 6.59% | - |
| Earnings before Tax (EBT) 1 | 29,747 | 23,211 | 20,057 | 18,705 | 6,354 | 2,435 | 1,893 | 1,913 | 5,332 | -7.817 | 1,947 | 5,193 | 9,013 | 8,091 | - |
| Net income 1 | 23,138 | 17,461 | 15,043 | 14,352 | 3,375 | -661.2 | 866.3 | 941.6 | 4,361 | 141.4 | 1,390 | 4,046 | 6,479 | 5,415 | 16,979 |
| Net margin | 21.05% | 16.16% | 14.73% | 15.15% | 4.09% | -0.87% | 1.32% | 1.48% | 6.48% | 0.22% | 2.07% | 5.16% | 8.11% | 7.21% | - |
| EPS 2 | 3.230 | 2.200 | 1.900 | 1.940 | 0.4300 | -0.0800 | 0.1100 | 0.1200 | 0.5500 | 0.0200 | 0.1800 | 0.5100 | 0.8200 | 0.6800 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 5.982 | - | - |
| Announcement Date | 11/9/21 | 1/10/22 | 5/11/22 | 8/11/22 | 11/9/22 | 3/8/23 | 5/10/23 | 8/8/23 | 11/10/23 | 3/12/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 83,445 | 91,699 | 65,572 | 84,927 | 110,157 | 85,976 | 78,882 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.157 x | 2.413 x | 0.6506 x | 1.615 x | 4.332 x | 2.848 x | 1.84 x | - |
| Free Cash Flow 1 | 22,815 | 11,499 | 49,698 | 44,054 | 11,720 | 6,657 | 15,818 | - |
| ROE (net income / shareholders' equity) | 6.41% | 7.46% | 21.4% | 8.14% | 1.72% | 3.89% | 7.49% | 7.19% |
| ROA (Net income/ Total Assets) | 4.1% | 4.51% | 13% | 4.81% | 0.96% | 2.35% | 4.25% | - |
| Assets 1 | 562,315 | 569,666 | 626,785 | 667,005 | 656,955 | 733,456 | 924,542 | - |
| Book Value Per Share 2 | 43.40 | 43.50 | 52.20 | 47.30 | 45.40 | 48.70 | 52.80 | - |
| Cash Flow per Share 2 | 6.590 | 5.250 | 9.950 | 9.490 | 4.500 | 5.590 | 5.090 | - |
| Capex 1 | 29,484 | 30,135 | 29,178 | 31,242 | 23,958 | 14,375 | 25,186 | - |
| Capex / Sales | 10.3% | 11.02% | 7.09% | 8.8% | 9.22% | 5.29% | 8.08% | - |
| Announcement Date | 1/10/20 | 3/17/21 | 1/10/22 | 3/8/23 | 3/12/24 | - | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
9
Last Close Price
55.6
TWD
Average target price
61.89
TWD
Spread / Average Target
+11.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -16.39% | 13.52B | |
| +5.14% | 103B | |
| -5.63% | 63.04B | |
| +39.52% | 39.06B | |
| +12.91% | 37.58B | |
| +7.41% | 33.24B | |
| +6.85% | 19.22B | |
| +12.86% | 16.83B | |
| +16.93% | 14.96B | |
| +7.73% | 15.03B |
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