Financials Chun Zu Machinery Industry Co., Ltd.

Equities

4544

TW0004544002

Industrial Machinery & Equipment

End-of-day quote Taipei Exchange 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
21.5 TWD -2.27% Intraday chart for Chun Zu Machinery Industry Co., Ltd. +4.37% +20.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,290 1,598 1,390 1,317 1,073 1,076
Enterprise Value (EV) 1 1,208 1,693 1,563 1,155 911.9 673.4
P/E ratio 10.2 x 12.3 x 24.5 x 15.7 x 9.67 x 14.5 x
Yield 9.35% 6.42% 3.25% 5.03% 8.43% 6.89%
Capitalization / Revenue 0.77 x 1.01 x 1.14 x 0.9 x 0.84 x 0.92 x
EV / Revenue 0.72 x 1.07 x 1.28 x 0.79 x 0.72 x 0.57 x
EV / EBITDA 5.81 x 8.89 x 16.4 x 9.44 x 5.81 x 5.32 x
EV / FCF 11.3 x -147 x -67.2 x 3.15 x -56.4 x 2.4 x
FCF Yield 8.88% -0.68% -1.49% 31.8% -1.77% 41.6%
Price to Book 1.24 x 1.55 x 1.4 x 1.28 x 0.99 x 1.01 x
Nbr of stocks (in thousands) 60,290 60,290 60,290 60,290 60,290 60,290
Reference price 2 21.40 26.50 23.05 21.85 17.80 17.85
Announcement Date 29/03/19 27/03/20 15/03/21 17/03/22 16/03/23 14/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,675 1,579 1,221 1,461 1,271 1,172
EBITDA 1 207.9 190.5 95.24 122.3 157.1 126.6
EBIT 1 163.5 146.3 48.25 77.68 118 83.49
Operating Margin 9.76% 9.26% 3.95% 5.32% 9.28% 7.12%
Earnings before Tax (EBT) 1 176.4 150.7 72.28 114.8 137.8 99.44
Net income 1 126.9 129.5 56.93 83.78 111 74.26
Net margin 7.58% 8.2% 4.66% 5.73% 8.73% 6.33%
EPS 2 2.100 2.148 0.9400 1.390 1.840 1.230
Free Cash Flow 1 107.2 -11.51 -23.27 366.7 -16.17 280.2
FCF margin 6.4% -0.73% -1.91% 25.1% -1.27% 23.9%
FCF Conversion (EBITDA) 51.55% - - 299.88% - 221.36%
FCF Conversion (Net income) 84.44% - - 437.74% - 377.33%
Dividend per Share 2 2.000 1.700 0.7500 1.100 1.500 1.230
Announcement Date 29/03/19 27/03/20 15/03/21 17/03/22 16/03/23 14/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 95.5 174 - - -
Net Cash position 1 82.6 - - 163 161 403
Leverage (Debt/EBITDA) - 0.5014 x 1.822 x - - -
Free Cash Flow 1 107 -11.5 -23.3 367 -16.2 280
ROE (net income / shareholders' equity) 12.3% 12.5% 5.63% 8.3% 10.5% 6.9%
ROA (Net income/ Total Assets) 5% 4.59% 1.55% 2.42% 3.66% 2.64%
Assets 1 2,539 2,823 3,675 3,469 3,036 2,809
Book Value Per Share 2 17.20 17.10 16.50 17.00 18.00 17.60
Cash Flow per Share 2 4.530 2.410 2.730 4.930 3.560 6.080
Capex 1 25 38.9 30.4 16.5 19.5 5.54
Capex / Sales 1.49% 2.46% 2.49% 1.13% 1.53% 0.47%
Announcement Date 29/03/19 27/03/20 15/03/21 17/03/22 16/03/23 14/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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