IRON FORCE INDUSTRIAL CO., LTD. Financials Iron Force Industrial Co., Ltd.
Equities
2228
TW0002228004
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 115 TWD | +0.88% |
|
+2.68% | +25.68% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,056 | 6,123 | 5,358 | 5,502 | 6,934 | 8,715 | - |
| Enterprise Value (EV) 1 | 9,056 | 6,123 | 5,358 | 5,502 | 6,934 | 8,715 | 8,715 |
| P/E ratio | - | - | - | - | - | - | - |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.98 x | 1.79 x | 1.46 x | 1.26 x | 1.42 x | 1.68 x | 1.56 x |
| EV / Revenue | 1.98 x | 1.79 x | 1.46 x | 1.26 x | 1.42 x | 1.68 x | 1.56 x |
| EV / EBITDA | 10.7 x | 17.3 x | 14.1 x | 8.23 x | - | 8.79 x | 8.16 x |
| EV / FCF | 3,48,54,449 x | -17,48,34,296 x | - | - | - | - | - |
| FCF Yield | 0% | -0% | - | - | - | - | - |
| Price to Book | 2.3 x | 1.66 x | - | 1.32 x | - | 1.9 x | - |
| Nbr of stocks (in thousands) | 75,780 | 75,780 | 75,780 | 75,780 | 75,780 | 75,780 | - |
| Reference price 2 | 119.5 | 80.80 | 70.70 | 72.60 | 91.50 | 115.0 | 115.0 |
| Announcement Date | 19/03/20 | 29/03/21 | 23/03/22 | 20/03/23 | 08/03/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,576 | 3,423 | 3,679 | 4,374 | 4,894 | 5,184 | 5,573 |
| EBITDA 1 | 849.1 | 354.8 | 380.7 | 668.1 | - | 991 | 1,068 |
| EBIT 1 | 622.2 | 138.6 | 150.2 | 450.6 | - | 651 | 754 |
| Operating Margin | 13.6% | 4.05% | 4.08% | 10.3% | - | 12.56% | 13.53% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | - | - | - | - | 513.8 | - | - |
| Net margin | - | - | - | - | 10.5% | - | - |
| EPS | - | - | - | - | - | - | - |
| Free Cash Flow | 259.8 | -35.02 | - | - | - | - | - |
| FCF margin | 5.68% | -1.02% | - | - | - | - | - |
| FCF Conversion (EBITDA) | 30.6% | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 19/03/20 | 29/03/21 | 23/03/22 | 20/03/23 | 08/03/24 | - | - |
1TWD in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 896.1 | - | 1,269 | 1,065 | 1,125 | 1,173 | 1,235 | 1,282 | 1,376 | 1,291 | 1,313 | 1,332 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 30.7 | - | 191.2 | 108.5 | 114.8 | - | 147.3 | 161 | 197 | 146 | 167 | 177 |
| Operating Margin | 3.43% | - | 15.07% | 10.19% | 10.2% | - | 11.92% | 12.56% | 14.32% | 11.31% | 12.72% | 13.29% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | 93.36 | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | 1.190 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 23/03/22 | 11/08/22 | 07/11/22 | 20/03/23 | 10/05/23 | 08/09/23 | 06/05/24 | - | - | - | - | - |
1TWD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | 260 | -35 | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 17% | 2.59% | 6.38% | 11.4% | - | 12.7% | 13.3% |
| ROA (Net income/ Total Assets) | 13.1% | 1.87% | 4.37% | 7.85% | - | 9.13% | 9.66% |
| Assets | - | - | - | - | - | - | - |
| Book Value Per Share 1 | 52.10 | 48.60 | - | 54.90 | - | 60.40 | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 2 | 408 | 278 | 178 | 148 | - | 160 | 160 |
| Capex / Sales | 8.92% | 8.12% | 4.85% | 3.37% | - | 3.09% | 2.87% |
| Announcement Date | 19/03/20 | 29/03/21 | 23/03/22 | 20/03/23 | 08/03/24 | - | - |
1TWD2TWD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
115
TWD
Average target price
111
TWD
Spread / Average Target
-3.48%
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +25.68% | 27Cr | |
| +2.42% | 780.71Cr | |
| -10.15% | 456.68Cr | |
| +2.37% | 282.98Cr | |
| -4.04% | 242.47Cr | |
| -33.53% | 221.95Cr | |
| +31.03% | 183.19Cr | |
| -24.80% | 177.61Cr | |
| +35.58% | 161.25Cr | |
| +0.15% | 142.02Cr |
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- Financials Iron Force Industrial Co., Ltd.
