Stock 2228 IRON FORCE INDUSTRIAL CO., LTD.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Iron Force Industrial Co., Ltd.

Equities

2228

TW0002228004

Auto, Truck & Motorcycle Parts

End-of-day quote Taiwan S.E.
Other stock markets
 06:00:00 2024-05-02 pm EDT 		5-day change 1st Jan Change
101.5 TWD +4.75% Intraday chart for Iron Force Industrial Co., Ltd. +6.28% +10.93%
Mar. 08 Iron Force Industrial Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Mar. 07 Iron Force Industrial Co., Ltd. Approves Dividend Distribution for the Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024 2025
Capitalization 1 9,056 6,123 5,358 5,502 7,692 -
Enterprise Value (EV) 1 9,056 6,123 5,358 5,502 7,692 7,692
P/E ratio - - - - - -
Yield - - - - - -
Capitalization / Revenue 1.98 x 1.79 x 1.46 x 1.26 x 1.47 x 1.38 x
EV / Revenue 1.98 x 1.79 x 1.46 x 1.26 x 1.47 x 1.38 x
EV / EBITDA 10.7 x 17.3 x 14.1 x 8.23 x 7.76 x 7.2 x
EV / FCF 34,854,449 x -174,834,296 x - - - -
FCF Yield 0% -0% - - - -
Price to Book 2.3 x 1.66 x - 1.32 x 1.76 x -
Nbr of stocks (in thousands) 75,780 75,780 75,780 75,780 75,780 -
Reference price 2 119.5 80.80 70.70 72.60 101.5 101.5
Announcement Date 3/19/20 3/29/21 3/23/22 3/20/23 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2024 2025
Net sales 1 4,576 3,423 3,679 4,374 5,247 5,573
EBITDA 1 849.1 354.8 380.7 668.1 991 1,068
EBIT 1 622.2 138.6 150.2 450.6 678 754
Operating Margin 13.6% 4.05% 4.08% 10.3% 12.92% 13.53%
Earnings before Tax (EBT) - - - - - -
Net income - - - - - -
Net margin - - - - - -
EPS - - - - - -
Free Cash Flow 259.8 -35.02 - - - -
FCF margin 5.68% -1.02% - - - -
FCF Conversion (EBITDA) 30.6% - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/19/20 3/29/21 3/23/22 3/20/23 - -
1TWD in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 911.3 896.1 - 1,269 1,065 1,125 1,173 1,254 1,268 1,402 1,323 1,313
EBITDA - - - - - - - - - - - -
EBIT 1 21.17 30.7 - 191.2 108.5 114.8 - 154 162 191 172 167
Operating Margin 2.32% 3.43% - 15.07% 10.19% 10.2% - 12.28% 12.78% 13.62% 13% 12.72%
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income - - 93.36 - - - - - - - - -
Net margin - - - - - - - - - - - -
EPS - - 1.190 - - - - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 11/10/21 3/23/22 8/11/22 11/7/22 3/20/23 5/10/23 - - - - - -
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2024 2025
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 260 -35 - - - -
ROE (net income / shareholders' equity) 17% 2.59% 6.38% 11.4% 12.7% 13.3%
ROA (Net income/ Total Assets) 13.1% 1.87% 4.37% 7.85% 9.13% 9.66%
Assets - - - - - -
Book Value Per Share 1 52.10 48.60 - 54.90 57.60 -
Cash Flow per Share - - - - - -
Capex 2 408 278 178 148 160 160
Capex / Sales 8.92% 8.12% 4.85% 3.37% 3.05% 2.87%
Announcement Date 3/19/20 3/29/21 3/23/22 3/20/23 - -
1TWD2TWD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
101.5 TWD
Average target price
111 TWD
Spread / Average Target
+9.36%
Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Automotive Accessories

1st Jan change Capi.
IRON FORCE INDUSTRIAL CO., LTD. Stock Iron Force Industrial Co., Ltd.
+10.93% 238M
GENTEX CORPORATION Stock Gentex Corporation
+4.50% 7.89B
CHANGZHOU XINGYU AUTOMOTIVE LIGHTING SYSTEMS CO.,LTD. Stock Changzhou Xingyu Automotive Lighting Systems Co.,Ltd.
+1.71% 5.26B
THULE GROUP AB Stock Thule Group AB
+11.99% 3.01B
TOYOTA BOSHOKU CORPORATION Stock Toyota Boshoku Corporation
+2.97% 2.69B
ADIENT PLC Stock Adient plc
-24.61% 2.5B
NINGBO JIFENG AUTO PARTS CO., LTD. Stock Ningbo Jifeng Auto Parts Co., Ltd.
-1.48% 2.31B
PHINIA INC. Stock PHINIA Inc.
+35.62% 1.88B
KUNSHAN HUGUANG AUTO HARNESS CO.,LTD. Stock Kunshan Huguang Auto Harness Co.,Ltd.
+45.03% 1.74B
NINGBO HUAXIANG ELECTRONIC CO., LTD. Stock Ningbo Huaxiang Electronic Co., Ltd.
+6.99% 1.54B
Automotive Accessories
  1. Stock Market
  2. Equities
  3. 2228 Stock
  4. Financials Iron Force Industrial Co., Ltd.