Financials Hung Ching Development & Construction Co. Ltd

Equities

2527

TW0002527009

Real Estate Development & Operations

End-of-day quote Taiwan S.E. 03:30:00 27/05/2024 am IST 5-day change 1st Jan Change
46.4 TWD +2.65% Intraday chart for Hung Ching Development & Construction Co. Ltd -5.79% +67.21%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,863 5,916 5,026 8,167 5,418 7,264
Enterprise Value (EV) 1 17,299 13,630 11,617 13,985 14,373 21,707
P/E ratio 14.1 x 8.01 x 12.9 x 5.07 x 17.8 x 12.6 x
Yield 5.36% 7.96% 7.29% 9.62% 4.83% 5.41%
Capitalization / Revenue 1.29 x 0.92 x 1.45 x 1.17 x 3.9 x 3.14 x
EV / Revenue 3.81 x 2.12 x 3.35 x 2 x 10.4 x 9.38 x
EV / EBITDA 21.1 x 9.64 x 40.6 x 7.4 x 45 x 43.9 x
EV / FCF 4.42 x 3.28 x 9.57 x 15.9 x -5.69 x -4.17 x
FCF Yield 22.6% 30.5% 10.4% 6.29% -17.6% -24%
Price to Book 0.89 x 0.73 x 0.63 x 0.79 x 0.58 x 0.64 x
Nbr of stocks (in thousands) 2,61,758 2,61,758 2,61,758 2,61,758 2,61,758 2,61,758
Reference price 2 22.40 22.60 19.20 31.20 20.70 27.75
Announcement Date 29/03/19 31/03/20 31/03/21 30/03/22 28/03/23 14/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,542 6,418 3,472 6,990 1,388 2,315
EBITDA 1 819.6 1,414 285.9 1,890 319.4 494.3
EBIT 1 714.6 1,277 149.7 1,752 178.9 358.5
Operating Margin 15.74% 19.89% 4.31% 25.06% 12.89% 15.48%
Earnings before Tax (EBT) 1 545.7 863.9 396.5 1,791 388.8 661.5
Net income 1 418.7 742.1 391.2 1,619 305.1 580
Net margin 9.22% 11.56% 11.27% 23.16% 21.98% 25.05%
EPS 2 1.590 2.820 1.490 6.150 1.160 2.210
Free Cash Flow 1 3,917 4,157 1,214 879 -2,528 -5,210
FCF margin 86.25% 64.76% 34.96% 12.57% -182.12% -225%
FCF Conversion (EBITDA) 477.94% 293.94% 424.61% 46.51% - -
FCF Conversion (Net income) 935.47% 560.12% 310.3% 54.29% - -
Dividend per Share 2 1.200 1.800 1.400 3.000 1.000 1.500
Announcement Date 29/03/19 31/03/20 31/03/21 30/03/22 28/03/23 14/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 11,435 7,714 6,591 5,818 8,954 14,443
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 13.95 x 5.455 x 23.06 x 3.079 x 28.03 x 29.22 x
Free Cash Flow 1 3,917 4,157 1,214 879 -2,528 -5,210
ROE (net income / shareholders' equity) 5.48% 9.39% 4.45% 16.9% 2.83% 5.26%
ROA (Net income/ Total Assets) 2.12% 4.14% 0.53% 6.25% 0.59% 0.94%
Assets 1 19,771 17,923 73,277 25,902 51,507 61,828
Book Value Per Share 2 25.10 30.90 30.30 39.40 35.40 43.60
Cash Flow per Share 2 1.160 1.030 2.190 1.500 1.110 2.290
Capex - 0.05 3.65 377 5.22 0.62
Capex / Sales - 0% 0.11% 5.4% 0.38% 0.03%
Announcement Date 29/03/19 31/03/20 31/03/21 30/03/22 28/03/23 14/03/24
1TWD in Million2TWD
Estimates
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