TUNG HO TEXTILE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.4 TWD | +0.25% |
|
-0.97% | +14.61% |
| Mar. 14 | Tung Ho Textile Co., Ltd. Announces Cash Dividend, Payable on May 3, 2024 | CI |
| Mar. 14 | Tung Ho Textile Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,560 | 1,580 | 3,157 | 4,279 | 3,916 | 3,916 |
| Enterprise Value (EV) 1 | 1,862 | 1,727 | 3,151 | 4,151 | 3,912 | 3,871 |
| P/E ratio | 41.7 x | 43.4 x | 53.9 x | 30 x | 37.9 x | 119 x |
| Yield | 2.82% | 2.79% | 1.71% | 2.77% | 1.8% | 1.4% |
| Capitalization / Revenue | 1.6 x | 2 x | 4.49 x | 5.28 x | 5.68 x | 6.91 x |
| EV / Revenue | 1.91 x | 2.18 x | 4.49 x | 5.13 x | 5.68 x | 6.83 x |
| EV / EBITDA | 23.3 x | 281 x | 55 x | 25.3 x | 28.6 x | 386 x |
| EV / FCF | 56.4 x | -35.2 x | 24 x | 40.4 x | 67.2 x | 133 x |
| FCF Yield | 1.77% | -2.84% | 4.16% | 2.48% | 1.49% | 0.75% |
| Price to Book | 0.51 x | 0.51 x | 1.01 x | 1.33 x | 1.26 x | 1.25 x |
| Nbr of stocks (in thousands) | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 |
| Reference price 2 | 7.090 | 7.180 | 14.35 | 19.45 | 17.80 | 17.80 |
| Announcement Date | 3/21/19 | 3/25/20 | 3/19/21 | 5/27/22 | 3/20/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 974.9 | 790.8 | 702.5 | 809.7 | 688.9 | 566.7 |
| EBITDA 1 | 79.81 | 6.137 | 57.31 | 164.2 | 137 | 10.03 |
| EBIT 1 | 6.376 | -64.77 | -12.1 | 102.3 | 80.86 | -37.29 |
| Operating Margin | 0.65% | -8.19% | -1.72% | 12.63% | 11.74% | -6.58% |
| Earnings before Tax (EBT) 1 | 33.92 | 29.2 | 62.46 | 159.2 | 124.5 | 26.63 |
| Net income 1 | 38.48 | 36.4 | 58.59 | 142.5 | 104.4 | 32.85 |
| Net margin | 3.95% | 4.6% | 8.34% | 17.6% | 15.15% | 5.8% |
| EPS 2 | 0.1700 | 0.1655 | 0.2663 | 0.6477 | 0.4700 | 0.1493 |
| Free Cash Flow 1 | 33 | -49.13 | 131.2 | 102.8 | 58.21 | 29.18 |
| FCF margin | 3.38% | -6.21% | 18.68% | 12.7% | 8.45% | 5.15% |
| FCF Conversion (EBITDA) | 41.35% | - | 228.92% | 62.62% | 42.5% | 291.05% |
| FCF Conversion (Net income) | 85.75% | - | 223.92% | 72.15% | 55.78% | 88.84% |
| Dividend per Share 2 | 0.2000 | 0.2000 | 0.2460 | 0.5380 | 0.3200 | 0.2500 |
| Announcement Date | 3/21/19 | 3/25/20 | 3/19/21 | 5/27/22 | 3/20/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 302 | 147 | - | - | - | - |
| Net Cash position 1 | - | - | 5.72 | 128 | 3.75 | 45.2 |
| Leverage (Debt/EBITDA) | 3.785 x | 24.01 x | - | - | - | - |
| Free Cash Flow 1 | 33 | -49.1 | 131 | 103 | 58.2 | 29.2 |
| ROE (net income / shareholders' equity) | 1.24% | 1.18% | 1.88% | 4.5% | 3.3% | 1.05% |
| ROA (Net income/ Total Assets) | 0.09% | -0.89% | -0.17% | 1.42% | 1.12% | -0.52% |
| Assets 1 | 43,482 | -4,082 | -34,853 | 10,051 | 9,359 | -6,310 |
| Book Value Per Share 2 | 14.00 | 14.10 | 14.20 | 14.60 | 14.10 | 14.20 |
| Cash Flow per Share 2 | 0.1600 | 0.9400 | 0.5300 | 1.250 | 0.9200 | 0.7400 |
| Capex 1 | 22 | 52.6 | 2.33 | 40.2 | 40.5 | 14.2 |
| Capex / Sales | 2.25% | 6.66% | 0.33% | 4.96% | 5.88% | 2.51% |
| Announcement Date | 3/21/19 | 3/25/20 | 3/19/21 | 5/27/22 | 3/20/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +14.61% | 139M | |
| +21.36% | 6.6B | |
| +13.96% | 1.52B | |
| -7.56% | 1.28B | |
| +18.07% | 1.18B | |
| +10.93% | 1.08B | |
| +24.05% | 1.01B | |
| +6.04% | 762M | |
| +0.97% | 611M | |
| -17.65% | 561M |
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