Financials I-HWA Industrial Co.,Ltd

Equities

1456

TW0001456002

Real Estate Development & Operations

End-of-day quote Taiwan S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
20.25 TWD -1.70% Intraday chart for I-HWA Industrial Co.,Ltd -0.98% +20.18%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 627.9 1,115 1,523 2,052 1,439 1,579
Enterprise Value (EV) 1 4,123 4,445 6,346 6,846 10,066 11,357
P/E ratio 51.5 x 44.1 x 22.4 x 4.52 x -19 x 337 x
Yield - - - - - -
Capitalization / Revenue 1.32 x 1.04 x 2.13 x 0.87 x 2.33 x 0.94 x
EV / Revenue 8.69 x 4.16 x 8.86 x 2.9 x 16.3 x 6.74 x
EV / EBITDA 78.9 x 48.3 x 106 x 15.1 x 122 x 28.8 x
EV / FCF -14.5 x 44.9 x -4.8 x 133 x -2.79 x -9.49 x
FCF Yield -6.89% 2.23% -20.8% 0.75% -35.8% -10.5%
Price to Book 0.54 x 0.91 x 1.18 x 1.18 x 0.94 x 1.03 x
Nbr of stocks (in thousands) 93,720 93,720 93,720 93,720 93,720 93,720
Reference price 2 6.700 11.90 16.25 21.90 15.35 16.85
Announcement Date 28/03/19 27/02/20 16/03/21 21/03/22 14/03/23 13/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 474.4 1,068 716.5 2,363 617.2 1,685
EBITDA 1 52.25 91.98 59.74 454.5 82.6 394.8
EBIT 1 36.38 78.18 43.27 440.6 67.14 379.7
Operating Margin 7.67% 7.32% 6.04% 18.64% 10.88% 22.53%
Earnings before Tax (EBT) 1 21.7 25.54 70.02 456.8 -74.56 18.55
Net income 1 12.35 25.66 68.06 454.4 -75.46 5.084
Net margin 2.6% 2.4% 9.5% 19.23% -12.23% 0.3%
EPS 2 0.1300 0.2700 0.7262 4.840 -0.8100 0.0500
Free Cash Flow 1 -284 98.91 -1,322 51.38 -3,601 -1,197
FCF margin -59.88% 9.27% -184.48% 2.17% -583.45% -71.04%
FCF Conversion (EBITDA) - 107.54% - 11.31% - -
FCF Conversion (Net income) - 385.43% - 11.31% - -
Dividend per Share - - - - - -
Announcement Date 28/03/19 27/02/20 16/03/21 21/03/22 14/03/23 13/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,495 3,329 4,823 4,793 8,627 9,778
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 66.89 x 36.2 x 80.72 x 10.55 x 104.4 x 24.76 x
Free Cash Flow 1 -284 98.9 -1,322 51.4 -3,601 -1,197
ROE (net income / shareholders' equity) 1.06% 2.15% 5.43% 30% -4.62% 0.33%
ROA (Net income/ Total Assets) 0.47% 0.96% 0.46% 3.98% 0.47% 2.08%
Assets 1 2,633 2,664 14,877 11,418 -16,142 243.9
Book Value Per Share 2 12.40 13.00 13.70 18.60 16.30 16.40
Cash Flow per Share 2 0.2700 1.040 1.100 2.860 1.510 1.430
Capex 1 4.47 6.25 24.3 8.69 4.14 12
Capex / Sales 0.94% 0.59% 3.39% 0.37% 0.67% 0.71%
Announcement Date 28/03/19 27/02/20 16/03/21 21/03/22 14/03/23 13/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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