FORTUNE ELECTRIC CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 919 TWD | -0.11% |
|
-2.75% | +181.04% |
| 14/05 | Fortune Electric Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 10/05 | Fortune Electric Co., Ltd. Approves the Construction of New Factory Plan | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,597 | 12,975 | 9,751 | 12,609 | 85,366 | 2,40,174 | - |
| Enterprise Value (EV) 1 | 7,597 | 12,975 | 9,751 | 12,609 | 87,091 | 2,39,411 | 2,35,515 |
| P/E ratio | 18.5 x | 28.4 x | 33.6 x | 15.1 x | 33.1 x | 53.7 x | 40.5 x |
| Yield | - | - | - | - | 1.83% | 1.46% | 1.99% |
| Capitalization / Revenue | 1.06 x | 1.53 x | - | 1.63 x | 6.14 x | 12.3 x | 10.1 x |
| EV / Revenue | 1.06 x | 1.53 x | - | 1.63 x | 6.27 x | 12.3 x | 9.93 x |
| EV / EBITDA | - | - | - | - | 28.8 x | 48.6 x | 31.4 x |
| EV / FCF | - | 95.9 x | - | 18 x | 20.9 x | 175 x | 41.2 x |
| FCF Yield | - | 1.04% | - | 5.56% | 4.78% | 0.57% | 2.43% |
| Price to Book | - | 3.66 x | - | 3.04 x | 14.2 x | 28.3 x | 20 x |
| Nbr of stocks (in thousands) | 2,61,059 | 2,61,059 | 2,61,059 | 2,61,059 | 2,61,059 | 2,61,059 | - |
| Reference price 2 | 29.10 | 49.70 | 37.35 | 48.30 | 327.0 | 919.0 | 919.0 |
| Announcement Date | 25/03/20 | 25/03/21 | 25/03/22 | 17/03/23 | 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 | 7,177 | 8,472 | - | 7,751 | 13,900 | 19,459 | 23,721 |
| EBITDA 1 | - | - | - | - | 3,026 | 4,923 | 7,505 |
| EBIT 1 | - | 474.1 | - | 429.2 | 2,854 | 5,096 | 7,489 |
| Operating Margin | - | 5.6% | - | 5.54% | 20.53% | 26.19% | 31.57% |
| Earnings before Tax (EBT) 1 | - | 548.6 | - | 949.8 | 3,072 | 5,390 | 7,701 |
| Net income 1 | - | 457.5 | 289.9 | 838.2 | 2,577 | 4,469 | 6,310 |
| Net margin | - | 5.4% | - | 10.82% | 18.54% | 22.97% | 26.6% |
| EPS 2 | 1.570 | 1.750 | 1.110 | 3.200 | 9.870 | 17.12 | 22.72 |
| Free Cash Flow 1 | - | 135.3 | - | 701 | 4,163 | 1,367 | 5,713 |
| FCF margin | - | 1.6% | - | 9.04% | 29.95% | 7.03% | 24.08% |
| FCF Conversion (EBITDA) | - | - | - | - | 137.58% | 27.77% | 76.12% |
| FCF Conversion (Net income) | - | 29.56% | - | 83.62% | 161.53% | 30.59% | 90.54% |
| Dividend per Share 2 | - | - | - | - | 6.000 | 13.44 | 18.28 |
| Announcement Date | 25/03/20 | 25/03/21 | 25/03/22 | 17/03/23 | 13/03/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 2,665 | - | 3,644 | 5,612 | 3,038 | 4,400 | 5,180 | 6,841 | 3,591 |
| EBITDA 1 | - | - | - | 819.9 | 1,309 | 672.2 | 1,182 | 1,438 | 1,996 | - |
| EBIT 1 | - | 85.37 | - | 776.6 | 1,263 | 621.1 | 1,171 | 1,499 | 1,805 | 828 |
| Operating Margin | - | 3.2% | - | 21.31% | 22.51% | 20.45% | 26.61% | 28.94% | 26.39% | 23.06% |
| Earnings before Tax (EBT) 1 | - | 542.7 | - | 875.2 | 1,311 | 749.2 | 1,205 | 1,591 | 1,845 | 839 |
| Net income 1 | 135.4 | 477.6 | 543.7 | 713 | 1,115 | 597.9 | 1,009 | 1,322 | 1,540 | 671 |
| Net margin | - | 17.92% | - | 19.56% | 19.87% | 19.68% | 22.93% | 25.52% | 22.51% | 18.69% |
| EPS 2 | 0.5200 | 1.820 | 2.080 | 2.730 | 4.270 | 2.290 | 3.870 | 5.060 | 5.900 | 2.570 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/22 | 17/03/23 | 10/08/23 | 10/11/23 | 13/03/24 | 14/05/24 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 1,725 | - | - |
| Net Cash position 1 | - | - | - | - | - | 763 | 4,659 |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.57 x | - | - |
| Free Cash Flow 1 | - | 135 | - | 701 | 4,163 | 1,367 | 5,713 |
| ROE (net income / shareholders' equity) | - | 13.2% | - | 22% | 50.7% | 52.3% | 56.8% |
| ROA (Net income/ Total Assets) | - | 5.3% | - | 7.75% | 19.1% | 25.8% | 29.1% |
| Assets 1 | - | 8,639 | - | 10,811 | 13,474 | 17,322 | 21,689 |
| Book Value Per Share 2 | - | 13.60 | - | 15.90 | 23.10 | 32.50 | 45.90 |
| Cash Flow per Share 2 | - | - | - | - | 16.40 | 17.10 | 24.90 |
| Capex 1 | - | 80.8 | - | 137 | 118 | 930 | 383 |
| Capex / Sales | - | 0.95% | - | 1.77% | 0.85% | 4.78% | 1.62% |
| Announcement Date | 25/03/20 | 25/03/21 | 25/03/22 | 17/03/23 | 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
BUY
Number of Analysts
4
Last Close Price
919
TWD
Average target price
842.5
TWD
Spread / Average Target
-8.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +181.04% | 738.31Cr | |
| +33.14% | 10TCr | |
| +88.76% | 3.23TCr | |
| +79.53% | 2.13TCr | |
| +50.81% | 1.27TCr | |
| +28.30% | 943.77Cr | |
| +33.41% | 758.8Cr | |
| -6.75% | 698.86Cr | |
| +51.93% | 523.75Cr | |
| +202.18% | 486.04Cr |
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- Financials Fortune Electric Co., Ltd.
