Financials Yung Chi Paint & Varnish Mfg.Co.,Ltd

Equities

1726

TW0001726008

Commodity Chemicals

End-of-day quote Taiwan S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
81.6 TWD +0.49% Intraday chart for Yung Chi Paint & Varnish Mfg.Co.,Ltd -0.49% +7.94%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 13,122 11,421 11,389 11,551 11,972 11,389
Enterprise Value (EV) 1 10,042 9,038 9,133 9,159 10,086 9,649
P/E ratio 16.6 x 15.3 x 16.7 x 13.9 x 13.6 x 14 x
Yield 4.32% 4.96% 4.55% 4.91% 4.74% 4.98%
Capitalization / Revenue 1.71 x 1.42 x 1.43 x 1.45 x 1.35 x 1.17 x
EV / Revenue 1.31 x 1.12 x 1.15 x 1.15 x 1.14 x 0.99 x
EV / EBITDA 8.88 x 10.6 x 9.93 x 8.25 x 8.8 x 9.38 x
EV / FCF 82 x -28.8 x 29.7 x 21.5 x -51 x 73.9 x
FCF Yield 1.22% -3.47% 3.37% 4.66% -1.96% 1.35%
Price to Book 1.59 x 1.35 x 1.35 x 1.32 x 1.3 x 1.19 x
Nbr of stocks (in thousands) 1,62,000 1,62,000 1,62,000 1,62,000 1,62,000 1,62,000
Reference price 2 81.00 70.50 70.30 71.30 73.90 70.30
Announcement Date 23/03/18 26/03/19 26/03/20 26/03/21 15/03/22 16/03/23
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 7,658 8,042 7,940 7,988 8,866 9,736
EBITDA 1 1,131 855.3 919.4 1,110 1,146 1,029
EBIT 1 1,047 743.6 787.2 977.7 1,003 869.5
Operating Margin 13.67% 9.25% 9.91% 12.24% 11.31% 8.93%
Earnings before Tax (EBT) 1 1,058 885.4 853.5 1,042 1,064 1,040
Net income 1 790.4 746.1 682.8 830.5 882.2 814.5
Net margin 10.32% 9.28% 8.6% 10.4% 9.95% 8.37%
EPS 2 4.870 4.600 4.210 5.120 5.440 5.020
Free Cash Flow 1 122.4 -313.3 307.5 426.8 -197.8 130.6
FCF margin 1.6% -3.9% 3.87% 5.34% -2.23% 1.34%
FCF Conversion (EBITDA) 10.82% - 33.44% 38.43% - 12.7%
FCF Conversion (Net income) 15.49% - 45.03% 51.38% - 16.04%
Dividend per Share 2 3.500 3.500 3.200 3.500 3.500 3.500
Announcement Date 23/03/18 26/03/19 26/03/20 26/03/21 15/03/22 16/03/23
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 3,080 2,383 2,256 2,392 1,886 1,740
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 122 -313 307 427 -198 131
ROE (net income / shareholders' equity) 9.54% 8.93% 8.11% 9.67% 9.81% 8.67%
ROA (Net income/ Total Assets) 6.62% 4.67% 4.97% 6.09% 5.82% 4.8%
Assets 1 11,931 15,988 13,748 13,635 15,147 16,978
Book Value Per Share 2 51.10 52.10 51.90 54.10 56.90 59.10
Cash Flow per Share 2 17.70 13.50 9.760 8.350 7.800 9.290
Capex 1 401 313 379 325 798 224
Capex / Sales 5.24% 3.89% 4.78% 4.07% 9% 2.3%
Announcement Date 23/03/18 26/03/19 26/03/20 26/03/21 15/03/22 16/03/23
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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