TEST-RITE INTERNATIONAL CO., LTD. Financials Test-Rite International Co., Ltd.
Equities
2908
TW0002908001
Appliances, Tools & Housewares
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.85 TWD | +0.48% |
|
+0.97% | -0.71% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 11,472 | 10,522 | 13,232 | 10,680 | 9,738 | 10,407 |
| Enterprise Value (EV) 1 | 18,540 | 28,341 | 28,453 | 27,013 | 29,162 | 29,674 |
| P/E ratio | 28.2 x | 106 x | 16.7 x | 13.6 x | 22.9 x | 40.4 x |
| Yield | 5.69% | 3.35% | 4.01% | 5.94% | 6.51% | 2.86% |
| Capitalization / Revenue | 0.29 x | 0.28 x | 0.32 x | 0.24 x | 0.26 x | 0.29 x |
| EV / Revenue | 0.46 x | 0.74 x | 0.68 x | 0.62 x | 0.78 x | 0.84 x |
| EV / EBITDA | 17 x | 20 x | 16.4 x | 20.6 x | 35.3 x | 27.4 x |
| EV / FCF | -11.9 x | 19.1 x | 6.8 x | 74.3 x | -35.7 x | 21.4 x |
| FCF Yield | -8.38% | 5.23% | 14.7% | 1.35% | -2.8% | 4.66% |
| Price to Book | 1.56 x | 1.67 x | 1.99 x | 1.57 x | 1.41 x | 1.59 x |
| Nbr of stocks (in thousands) | 509,888 | 496,315 | 495,582 | 495,582 | 495,582 | 495,582 |
| Reference price 2 | 22.50 | 21.20 | 26.70 | 21.55 | 19.65 | 21.00 |
| Announcement Date | 4/1/19 | 3/31/20 | 3/31/21 | 5/27/22 | 3/31/23 | 4/1/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 39,898 | 38,061 | 41,791 | 43,757 | 37,409 | 35,411 |
| EBITDA 1 | 1,091 | 1,414 | 1,730 | 1,312 | 825.3 | 1,083 |
| EBIT 1 | 460.9 | 856.6 | 1,149 | 759.5 | 197 | 470.2 |
| Operating Margin | 1.16% | 2.25% | 2.75% | 1.74% | 0.53% | 1.33% |
| Earnings before Tax (EBT) 1 | 346.1 | 91.35 | 958.6 | 1,012 | 424.5 | 261 |
| Net income 1 | 406.5 | 100.4 | 791.6 | 782.8 | 425.9 | 257.7 |
| Net margin | 1.02% | 0.26% | 1.89% | 1.79% | 1.14% | 0.73% |
| EPS 2 | 0.7972 | 0.1995 | 1.597 | 1.580 | 0.8594 | 0.5200 |
| Free Cash Flow 1 | -1,554 | 1,483 | 4,186 | 363.7 | -817.9 | 1,384 |
| FCF margin | -3.9% | 3.9% | 10.02% | 0.83% | -2.19% | 3.91% |
| FCF Conversion (EBITDA) | - | 104.89% | 241.95% | 27.72% | - | 127.77% |
| FCF Conversion (Net income) | - | 1,478.25% | 528.85% | 46.46% | - | 537.07% |
| Dividend per Share 2 | 1.280 | 0.7100 | 1.070 | 1.280 | 1.280 | 0.6000 |
| Announcement Date | 4/1/19 | 3/31/20 | 3/31/21 | 5/27/22 | 3/31/23 | 4/1/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 7,067 | 17,819 | 15,221 | 16,333 | 19,423 | 19,267 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.481 x | 12.6 x | 8.797 x | 12.45 x | 23.54 x | 17.79 x |
| Free Cash Flow 1 | -1,554 | 1,483 | 4,186 | 364 | -818 | 1,384 |
| ROE (net income / shareholders' equity) | 5.55% | 1.61% | 12.2% | 11.9% | 6.43% | 4.05% |
| ROA (Net income/ Total Assets) | 1.18% | 1.74% | 1.96% | 1.25% | 0.32% | 0.78% |
| Assets 1 | 34,481 | 5,780 | 40,428 | 62,692 | 133,508 | 33,034 |
| Book Value Per Share 2 | 14.40 | 12.70 | 13.40 | 13.80 | 13.90 | 13.20 |
| Cash Flow per Share 2 | 3.910 | 2.950 | 5.080 | 4.010 | 5.560 | 3.240 |
| Capex 1 | 2,045 | 1,102 | 411 | 408 | 567 | 379 |
| Capex / Sales | 5.13% | 2.9% | 0.98% | 0.93% | 1.52% | 1.07% |
| Announcement Date | 4/1/19 | 3/31/20 | 3/31/21 | 5/27/22 | 3/31/23 | 4/1/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -1.19% | 316M | |
| +26.67% | 1.04B | |
| -19.39% | 453M | |
| +19.52% | 269M | |
| -12.93% | 222M | |
| +18.09% | 123M | |
| -61.36% | 119M | |
| +2.54% | 99.87M | |
| +60.83% | 73.26M | |
| 0.00% | 48.38M |
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