TOPOWER CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 58 TWD | +0.17% |
|
+3.57% | -6.45% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,453 | 3,737 | 4,220 | 4,207 | 3,679 | 3,995 |
| Enterprise Value (EV) 1 | 2,784 | 3,082 | 3,601 | 3,816 | 3,441 | 3,740 |
| P/E ratio | 12 x | 13.9 x | 13 x | 18.3 x | 11.6 x | 15.4 x |
| Yield | 5.6% | 5.17% | 5.34% | 3.83% | 4.38% | 0.81% |
| Capitalization / Revenue | 1.96 x | 1.93 x | 1.69 x | 1.44 x | 1.64 x | 1.85 x |
| EV / Revenue | 1.58 x | 1.59 x | 1.44 x | 1.31 x | 1.53 x | 1.73 x |
| EV / EBITDA | 7.9 x | 7.82 x | 6.93 x | 6.35 x | 8.78 x | 6.25 x |
| EV / FCF | 19.2 x | 31 x | 24.5 x | 45.4 x | -24.2 x | 16.1 x |
| FCF Yield | 5.22% | 3.23% | 4.09% | 2.2% | -4.14% | 6.2% |
| Price to Book | 3.16 x | 3.18 x | 3.23 x | 3.21 x | 2.5 x | 2.55 x |
| Nbr of stocks (in thousands) | 64,431 | 64,431 | 64,431 | 64,431 | 64,431 | 64,431 |
| Reference price 2 | 53.60 | 58.00 | 65.50 | 65.30 | 57.10 | 62.00 |
| Announcement Date | 29/03/19 | 31/03/20 | 24/03/21 | 26/05/22 | 27/03/23 | 22/03/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,761 | 1,933 | 2,495 | 2,918 | 2,244 | 2,160 |
| EBITDA 1 | 352.3 | 394 | 519.3 | 601.1 | 392.2 | 597.9 |
| EBIT 1 | 317.4 | 341.4 | 448.3 | 511.2 | 279.8 | 442.9 |
| Operating Margin | 18.02% | 17.66% | 17.97% | 17.52% | 12.47% | 20.51% |
| Earnings before Tax (EBT) 1 | 360.7 | 339.1 | 402.7 | 327.8 | 397.7 | 353.8 |
| Net income 1 | 288.5 | 269.7 | 323.6 | 230.5 | 318.8 | 260.2 |
| Net margin | 16.38% | 13.95% | 12.97% | 7.9% | 14.21% | 12.05% |
| EPS 2 | 4.470 | 4.180 | 5.020 | 3.577 | 4.940 | 4.039 |
| Free Cash Flow 1 | 145.3 | 99.56 | 147.2 | 84.09 | -142.5 | 232 |
| FCF margin | 8.25% | 5.15% | 5.9% | 2.88% | -6.35% | 10.74% |
| FCF Conversion (EBITDA) | 41.25% | 25.27% | 28.35% | 13.99% | - | 38.81% |
| FCF Conversion (Net income) | 50.36% | 36.92% | 45.5% | 36.48% | - | 89.17% |
| Dividend per Share 2 | 3.000 | 3.000 | 3.500 | 2.500 | 2.500 | 0.5000 |
| Announcement Date | 29/03/19 | 31/03/20 | 24/03/21 | 26/05/22 | 27/03/23 | 22/03/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 670 | 655 | 619 | 391 | 238 | 255 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 145 | 99.6 | 147 | 84.1 | -142 | 232 |
| ROE (net income / shareholders' equity) | 28.5% | 23.8% | 26.1% | 17.6% | 22.9% | 17.1% |
| ROA (Net income/ Total Assets) | 13.5% | 13.1% | 14.5% | 14.6% | 7.91% | 12% |
| Assets 1 | 2,136 | 2,059 | 2,233 | 1,583 | 4,028 | 2,161 |
| Book Value Per Share 2 | 17.00 | 18.20 | 20.30 | 20.30 | 22.80 | 24.40 |
| Cash Flow per Share 2 | 10.30 | 10.40 | 10.00 | 8.880 | 8.480 | 7.660 |
| Capex 1 | 138 | 131 | 257 | 279 | 260 | 226 |
| Capex / Sales | 7.85% | 6.79% | 10.29% | 9.55% | 11.57% | 10.47% |
| Announcement Date | 29/03/19 | 31/03/20 | 24/03/21 | 26/05/22 | 27/03/23 | 22/03/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -6.45% | 11Cr | |
| +20.22% | 4.85TCr | |
| -7.78% | 2.25TCr | |
| +27.15% | 2.07TCr | |
| +38.33% | 1.78TCr | |
| -4.22% | 1.49TCr | |
| -18.01% | 1.35TCr | |
| -19.32% | 1.31TCr | |
| +38.73% | 1.07TCr | |
| +22.60% | 1.04TCr |
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