EUROCHARM HOLDINGS CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 211.5 TWD | +3.17% |
|
-5.37% | +16.21% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 8,031 | 7,076 | 9,973 | 10,795 | 12,082 | 14,103 |
| Enterprise Value (EV) 1 | 7,754 | 7,243 | 10,920 | 11,506 | 11,863 | 14,103 |
| P/E ratio | 12.9 x | 12.8 x | 15.9 x | 11.8 x | 12.2 x | 12.8 x |
| Yield | 4.51% | 3.72% | 2.97% | 4.33% | - | - |
| Capitalization / Revenue | 1.53 x | 1.52 x | 1.74 x | 1.34 x | 1.66 x | 1.76 x |
| EV / Revenue | 1.53 x | 1.52 x | 1.74 x | 1.34 x | 1.66 x | 1.76 x |
| EV / EBITDA | 9,794,853 x | 9,084,750 x | 11,769,932 x | 7,914,483 x | 8,835,836 x | - |
| EV / FCF | 25.6 x | 16.3 x | -10.2 x | 14.2 x | 6.51 x | 21.9 x |
| FCF Yield | 3.91% | 6.14% | -9.8% | 7.04% | 15.4% | 4.57% |
| Price to Book | 2.62 x | 2.3 x | 3 x | 2.44 x | 2.41 x | 2.52 x |
| Nbr of stocks (in thousands) | 65,826 | 65,826 | 65,826 | 65,826 | 66,385 | 66,682 |
| Reference price 2 | 122.0 | 107.5 | 151.5 | 164.0 | 182.0 | 211.5 |
| Announcement Date | 2/25/20 | 2/26/21 | 2/25/22 | 2/24/23 | 3/4/24 | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,235 | 4,659 | 5,723 | 8,037 | 7,267 | 8,018 |
| EBITDA | 819.9 | 778.9 | 847.3 | 1,364 | 1,367 | - |
| EBIT 1 | 651.4 | 614.5 | 683 | 1,093 | 1,080 | 1,189 |
| Operating Margin | 12.44% | 13.19% | 11.93% | 13.6% | 14.86% | 14.83% |
| Earnings before Tax (EBT) 1 | 754 | 718.6 | 753.6 | 1,126 | 1,255 | 1,360 |
| Net income 1 | 625.4 | 553.2 | 627.5 | 941.4 | 1,033 | 1,105 |
| Net margin | 11.95% | 11.87% | 10.96% | 11.71% | 14.21% | 13.78% |
| EPS 2 | 9.470 | 8.370 | 9.510 | 13.91 | 14.95 | 16.57 |
| Free Cash Flow 1 | 314.3 | 434.4 | -977.5 | 760.4 | 1,855 | 645 |
| FCF margin | 6% | 9.33% | -17.08% | 9.46% | 25.52% | 8.04% |
| FCF Conversion (EBITDA) | 38.33% | 55.78% | - | 55.75% | 135.64% | - |
| FCF Conversion (Net income) | 50.25% | 78.53% | - | 80.77% | 179.58% | 58.37% |
| Dividend per Share | 5.500 | 4.000 | 4.500 | 7.100 | - | - |
| Announcement Date | 2/25/20 | 2/26/21 | 2/25/22 | 2/24/23 | 3/4/24 | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,568 | 1,793 | 1,883 | 2,082 | 2,279 | 1,836 | 1,796 | 1,731 | - | 1,791 | 2,024 | 2,428 |
| EBITDA | 193.9 | 282.6 | 320.2 | 371.7 | 389.5 | 373 | 313.4 | - | - | - | - | - |
| EBIT 1 | 150.5 | 222.2 | 252.1 | 299.7 | 319.4 | 305.1 | 243 | 255.9 | - | 242 | 291 | 389 |
| Operating Margin | 9.6% | 12.4% | 13.39% | 14.39% | 14.01% | 16.62% | 13.53% | 14.78% | - | 13.51% | 14.38% | 16.02% |
| Earnings before Tax (EBT) 1 | 142.5 | 224.7 | 250 | 330.7 | 320.5 | 304.2 | 284.7 | 340.1 | - | 276 | 325 | 423 |
| Net income 1 | 137 | 176.3 | 198.9 | 264 | 302.2 | 235.8 | 221.5 | 268.2 | 260.2 | 226 | 265 | 354 |
| Net margin | 8.74% | 9.83% | 10.56% | 12.68% | 13.26% | 12.84% | 12.33% | 15.49% | - | 12.62% | 13.09% | 14.58% |
| EPS 2 | 2.080 | 2.670 | 2.990 | 3.840 | 4.490 | 3.430 | 3.230 | 3.890 | 3.770 | 3.390 | 3.980 | 5.300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/25/22 | 4/28/22 | 8/16/22 | 11/1/22 | 2/24/23 | 5/9/23 | 8/8/23 | 11/1/23 | 5/2/24 | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net Debt | - | 166 | 947 | 710 | - | - |
| Net Cash position | 277 | - | - | - | 219 | - |
| Leverage (Debt/EBITDA) | - | 0.2135 x | 1.118 x | 0.5206 x | - | - |
| Free Cash Flow 1 | 314 | 434 | -977 | 760 | 1,855 | 645 |
| ROE (net income / shareholders' equity) | 21% | 18% | 19.6% | 24.3% | 21.9% | 20.8% |
| ROA (Net income/ Total Assets) | 14% | 11% | 10.5% | 13.1% | 14.3% | 14.7% |
| Assets 1 | 4,478 | 5,009 | 5,953 | 7,168 | 7,232 | 7,517 |
| Book Value Per Share 2 | 46.70 | 46.70 | 50.40 | 67.20 | 75.50 | 83.80 |
| Cash Flow per Share | 9.210 | 10.40 | -0.2700 | 15.60 | - | - |
| Capex 1 | 294 | 255 | 960 | 299 | 198 | 600 |
| Capex / Sales | 5.61% | 5.48% | 16.77% | 3.72% | 2.73% | 7.48% |
| Announcement Date | 2/25/20 | 2/26/21 | 2/25/22 | 2/24/23 | 3/4/24 | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
211.5
TWD
Average target price
196.5
TWD
Spread / Average Target
-7.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.21% | 435M | |
| +16.31% | 45.99B | |
| +13.80% | 18.54B | |
| +26.91% | 16.6B | |
| -5.91% | 14.57B | |
| -20.64% | 13.2B | |
| +43.58% | 12.84B | |
| +53.58% | 12.71B | |
| -23.12% | 12.57B | |
| +37.83% | 10.8B |
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