Financials CHANG TYPE Industrial Co., Ltd.

Equities

1541

TW0001541001

Industrial Machinery & Equipment

End-of-day quote Taiwan S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
33.3 TWD +0.91% Intraday chart for CHANG TYPE Industrial Co., Ltd. +4.23% +1.22%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,600 2,868 4,200 3,455 2,640 2,593
Enterprise Value (EV) 1 3,286 3,443 4,627 5,046 3,352 3,577
P/E ratio 33.1 x 11.4 x 9.21 x 11.5 x 9.71 x 22.5 x
Yield 3.03% - 5.63% 5.7% 2.99% 1.52%
Capitalization / Revenue 0.72 x 0.68 x 0.8 x 0.56 x 0.65 x 0.77 x
EV / Revenue 0.92 x 0.82 x 0.88 x 0.81 x 0.83 x 1.06 x
EV / EBITDA 30.3 x 7.19 x 6.2 x 11 x 14.2 x 10.3 x
EV / FCF 39.7 x 8.82 x 36.8 x -6.22 x 3.76 x 16.4 x
FCF Yield 2.52% 11.3% 2.72% -16.1% 26.6% 6.1%
Price to Book 2.34 x 2.25 x 2.45 x 1.95 x 1.41 x 1.36 x
Nbr of stocks (in thousands) 78,800 78,800 78,800 78,800 78,800 78,800
Reference price 2 33.00 36.40 53.30 43.85 33.50 32.90
Announcement Date 3/27/19 3/30/20 3/30/21 3/22/22 3/23/23 3/15/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,591 4,200 5,272 6,203 4,057 3,378
EBITDA 1 108.6 478.6 745.8 460.4 235.4 348.6
EBIT 1 47.69 415.6 685.4 394.9 170.8 285.2
Operating Margin 1.33% 9.9% 13% 6.37% 4.21% 8.44%
Earnings before Tax (EBT) 1 99.57 335.3 590.7 371.2 356 146.2
Net income 1 78.56 251.5 456.6 299.3 272.1 115.2
Net margin 2.19% 5.99% 8.66% 4.82% 6.71% 3.41%
EPS 2 0.9969 3.190 5.790 3.798 3.450 1.460
Free Cash Flow 1 82.73 390.4 125.7 -811.1 892.4 218.2
FCF margin 2.3% 9.3% 2.38% -13.08% 21.99% 6.46%
FCF Conversion (EBITDA) 76.18% 81.57% 16.86% - 379.06% 62.58%
FCF Conversion (Net income) 105.31% 155.25% 27.54% - 328.02% 189.39%
Dividend per Share 2 1.000 - 3.000 2.500 1.000 0.5000
Announcement Date 3/27/19 3/30/20 3/30/21 3/22/22 3/23/23 3/15/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 685 575 427 1,590 712 984
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.313 x 1.2 x 0.5731 x 3.454 x 3.025 x 2.823 x
Free Cash Flow 1 82.7 390 126 -811 892 218
ROE (net income / shareholders' equity) 6.98% 21.1% 30.5% 17.2% 14.9% 6.08%
ROA (Net income/ Total Assets) 1.05% 8.79% 12.3% 5.46% 2.42% 4.7%
Assets 1 7,493 2,860 3,699 5,477 11,226 2,452
Book Value Per Share 2 14.10 16.20 21.80 22.40 23.80 24.30
Cash Flow per Share 2 0.8900 2.190 2.670 1.320 2.190 1.050
Capex 1 37.9 29.6 30.1 80 42.1 27.9
Capex / Sales 1.06% 0.71% 0.57% 1.29% 1.04% 0.83%
Announcement Date 3/27/19 3/30/20 3/30/21 3/22/22 3/23/23 3/15/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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