Financials Zeng Hsing Industrial Co., Ltd.

Equities

1558

TW0001558005

Appliances, Tools & Housewares

End-of-day quote Taiwan S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
98.9 TWD -0.20% Intraday chart for Zeng Hsing Industrial Co., Ltd. +0.71% -7.14%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,172 8,021 8,505 8,838 7,918 7,086
Enterprise Value (EV) 1 5,629 6,011 6,632 7,490 7,034 5,377
P/E ratio 8.88 x 11.9 x 10.2 x 16.9 x 14.8 x 28 x
Yield 8.15% 6.64% 6.76% 5.82% 4.62% 3.57%
Capitalization / Revenue 1.23 x 1.35 x 1.22 x 1.14 x 1.1 x 0.94 x
EV / Revenue 0.84 x 1.01 x 0.95 x 0.97 x 0.98 x 0.71 x
EV / EBITDA 4.53 x 5.37 x 4.46 x 7.35 x 8.97 x 4.71 x
EV / FCF 8.85 x 97.6 x 16.7 x 51.4 x -18.8 x 3.15 x
FCF Yield 11.3% 1.02% 5.99% 1.95% -5.33% 31.7%
Price to Book 1.7 x 1.68 x 1.71 x 1.8 x 1.43 x 1.33 x
Nbr of stocks (in thousands) 60,536 60,536 60,536 60,536 66,536 66,536
Reference price 2 135.0 132.5 140.5 146.0 119.0 106.5
Announcement Date 3/28/19 3/26/20 3/4/21 3/11/22 3/23/23 3/11/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 6,670 5,936 6,966 7,720 7,198 7,558
EBITDA 1 1,244 1,119 1,488 1,020 784.2 1,141
EBIT 1 1,042 851 1,190 712.9 378.6 526.9
Operating Margin 15.62% 14.34% 17.08% 9.23% 5.26% 6.97%
Earnings before Tax (EBT) 1 1,282 904.5 1,131 677.4 808.4 702.7
Net income 1 923.6 675.8 833 525.1 494.5 253.3
Net margin 13.85% 11.38% 11.96% 6.8% 6.87% 3.35%
EPS 2 15.20 11.13 13.72 8.650 8.060 3.800
Free Cash Flow 1 636.2 61.6 397.6 145.8 -374.8 1,705
FCF margin 9.54% 1.04% 5.71% 1.89% -5.21% 22.56%
FCF Conversion (EBITDA) 51.15% 5.51% 26.71% 14.3% - 149.47%
FCF Conversion (Net income) 68.88% 9.12% 47.73% 27.76% - 673.24%
Dividend per Share 2 11.00 8.800 9.500 8.500 5.500 3.800
Announcement Date 3/28/19 3/26/20 3/4/21 3/11/22 3/23/23 3/11/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,543 2,010 1,874 1,349 884 1,709
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 636 61.6 398 146 -375 1,705
ROE (net income / shareholders' equity) 20.3% 14.3% 17.2% 10.5% 9.47% 7.25%
ROA (Net income/ Total Assets) 9.61% 8.03% 10.3% 5.59% 2.31% 2.61%
Assets 1 9,607 8,420 8,077 9,398 21,444 9,706
Book Value Per Share 2 79.30 78.70 82.30 81.10 82.90 80.40
Cash Flow per Share 2 49.90 40.10 45.10 43.50 45.80 42.80
Capex 1 369 550 336 364 251 119
Capex / Sales 5.53% 9.26% 4.82% 4.71% 3.48% 1.57%
Announcement Date 3/28/19 3/26/20 3/4/21 3/11/22 3/23/23 3/11/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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