CHINA GENERAL PLASTICS CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.8 TWD | +0.30% |
|
-4.00% | -24.66% |
| 28/05 | China General Plastics Corporation Appoints Chang,Chen-Ming as Independent Director | CI |
| 28/05 | China General Plastics Corporation Approves Cash Dividend for 2023, Payable on August 23, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,962 | 14,084 | 20,162 | 15,340 | 12,957 | 9,762 | - |
| Enterprise Value (EV) 1 | 9,981 | 11,746 | 19,054 | 15,286 | 16,133 | 12,627 | 12,840 |
| P/E ratio | 17 x | 8.63 x | 8.18 x | -41.3 x | 37.8 x | 32.6 x | 35.7 x |
| Yield | 2.4% | 7.07% | 7.2% | 1.14% | 1.57% | 4.17% | - |
| Capitalization / Revenue | 0.73 x | 1.03 x | 1 x | 0.87 x | 0.95 x | 0.76 x | 0.73 x |
| EV / Revenue | 0.66 x | 0.86 x | 0.94 x | 0.87 x | 1.18 x | 0.99 x | 0.96 x |
| EV / EBITDA | 7.07 x | 4.12 x | 4.74 x | -56.8 x | 13.1 x | 17 x | 9.77 x |
| EV / FCF | 9.36 x | 12.3 x | 36.3 x | -23.9 x | -40.3 x | 27 x | 29.4 x |
| FCF Yield | 10.7% | 8.13% | 2.75% | -4.19% | -2.48% | 3.7% | 3.4% |
| Price to Book | 1.33 x | 1.45 x | 1.81 x | 1.62 x | 1.35 x | 1 x | 1.04 x |
| Nbr of stocks (in thousands) | 5,81,050 | 5,81,050 | 5,81,050 | 5,81,050 | 5,81,050 | 5,81,050 | - |
| Reference price 2 | 18.87 | 24.24 | 34.70 | 26.40 | 22.30 | 16.80 | 16.80 |
| Announcement Date | 19/03/20 | 04/03/21 | 10/03/22 | 14/03/23 | 13/03/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,118 | 13,733 | 20,222 | 17,637 | 13,707 | 12,808 | 13,340 |
| EBITDA 1 | 1,412 | 2,848 | 4,022 | -269 | 1,231 | 742 | 1,314 |
| EBIT 1 | 773.9 | 2,154 | 3,317 | -984.5 | 459.9 | 52 | 329.5 |
| Operating Margin | 5.12% | 15.68% | 16.4% | -5.58% | 3.35% | 0.41% | 2.47% |
| Earnings before Tax (EBT) 1 | 854 | 2,161 | 3,307 | -517.2 | 466.5 | 99.5 | 370 |
| Net income 1 | 642.7 | 1,634 | 2,469 | -370.2 | 341.9 | 98 | 271.5 |
| Net margin | 4.25% | 11.9% | 12.21% | -2.1% | 2.49% | 0.77% | 2.04% |
| EPS 2 | 1.107 | 2.810 | 4.240 | -0.6400 | 0.5900 | 0.5150 | 0.4700 |
| Free Cash Flow 1 | 1,066 | 955.1 | 524.7 | -640.5 | -400.1 | 467 | 437 |
| FCF margin | 7.05% | 6.95% | 2.59% | -3.63% | -2.92% | 3.65% | 3.28% |
| FCF Conversion (EBITDA) | 75.51% | 33.53% | 13.05% | - | - | 62.94% | 33.26% |
| FCF Conversion (Net income) | 165.91% | 58.45% | 21.26% | - | - | 476.53% | 160.96% |
| Dividend per Share 2 | 0.4535 | 1.714 | 2.500 | 0.3000 | 0.3500 | 0.7000 | - |
| Announcement Date | 19/03/20 | 04/03/21 | 10/03/22 | 14/03/23 | 13/03/24 | - | - |
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 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,122 | 5,307 | 4,840 | 3,984 | 3,507 | 3,780 | 3,340 | 3,366 | 3,222 | 2,905 | 3,015 | 3,344 | 3,546 | 3,191 | 3,284 |
| EBITDA 1 | 959.7 | - | - | - | - | 557.3 | 191.1 | 338.8 | 143.9 | 120.1 | 298 | 691 | 644 | - | - |
| EBIT 1 | 783.2 | 242.2 | -179.6 | -973.4 | -73.65 | 377.6 | 3.605 | 143.4 | -64.8 | -100.1 | -80 | 78.5 | 153.5 | 132 | 86 |
| Operating Margin | 15.29% | 4.56% | -3.71% | -24.43% | -2.1% | 9.99% | 0.11% | 4.26% | -2.01% | -3.44% | -2.65% | 2.35% | 4.33% | 4.14% | 2.62% |
| Earnings before Tax (EBT) 1 | 815.9 | 564.1 | -110.3 | -887.7 | -83.28 | 359.6 | 34.18 | 187.9 | -115.2 | -60.08 | -70 | 86.5 | 143 | 131 | 85 |
| Net income 1 | 600.6 | 450.8 | -87.85 | -680.9 | -52.35 | 232.4 | 0.691 | 147.4 | -38.53 | -31.67 | -38.5 | 64.5 | 103 | 94 | 60 |
| Net margin | 11.73% | 8.49% | -1.82% | -17.09% | -1.49% | 6.15% | 0.02% | 4.38% | -1.2% | -1.09% | -1.28% | 1.93% | 2.91% | 2.95% | 1.83% |
| EPS 2 | 1.030 | 0.7700 | -0.1500 | -1.170 | -0.0900 | 0.4000 | - | 0.2500 | -0.0600 | -0.0500 | -0.0650 | 0.1100 | 0.1750 | 0.1600 | 0.1000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/03/22 | 10/05/22 | 04/08/22 | 04/11/22 | 14/03/23 | 10/05/23 | 01/08/23 | 08/11/23 | 13/03/24 | 09/05/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 3,176 | 2,865 | 3,078 |
| Net Cash position 1 | 981 | 2,338 | 1,109 | 53.7 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 2.58 x | 3.861 x | 2.342 x |
| Free Cash Flow 1 | 1,066 | 955 | 525 | -641 | -400 | 467 | 437 |
| ROE (net income / shareholders' equity) | 7.73% | 18.2% | 23.7% | -3.59% | 3.59% | 2.57% | 2.58% |
| ROA (Net income/ Total Assets) | 5.03% | 12.5% | 16% | -2.2% | 1.99% | 1.57% | 1.54% |
| Assets 1 | 12,777 | 13,112 | 15,434 | 16,829 | 17,217 | 6,232 | 17,687 |
| Book Value Per Share 2 | 14.20 | 16.70 | 19.20 | 16.30 | 16.50 | 16.80 | 16.20 |
| Cash Flow per Share 2 | 3.470 | 3.590 | 3.790 | 1.410 | 1.760 | 2.420 | - |
| Capex 1 | 956 | 1,133 | 1,682 | 1,457 | 1,421 | 1,006 | 1,106 |
| Capex / Sales | 6.32% | 8.25% | 8.32% | 8.26% | 10.37% | 7.86% | 8.29% |
| Announcement Date | 19/03/20 | 04/03/21 | 10/03/22 | 14/03/23 | 13/03/24 | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
16.8
TWD
Average target price
19.75
TWD
Spread / Average Target
+17.56%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.66% | 30Cr | |
| -28.86% | 1.95TCr | |
| -23.99% | 1.18TCr | |
| -5.05% | 1.01TCr | |
| -17.17% | 931.83Cr | |
| +35.52% | 918.39Cr | |
| -0.70% | 618.31Cr | |
| -33.97% | 500.19Cr | |
| -27.81% | 340.21Cr | |
| +27.87% | 277.11Cr |
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