ZHEN DING TECHNOLOGY HOLDING LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 126.5 TWD | +0.40% |
|
-4.53% | +16.06% |
| 30/05 | Zhen Ding Technology Holding Limited Approves Cash Dividend for 2023 | CI |
| 10/05 | Zhen Ding Technology Holding Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,29,019 | 1,07,964 | 94,968 | 99,220 | 1,03,000 | 1,19,537 | - | - |
| Enterprise Value (EV) 1 | 1,04,611 | 94,092 | 98,797 | 73,763 | 93,459 | 93,791 | 1,08,542 | 1,06,183 |
| P/E ratio | 14.4 x | 13.2 x | 10.5 x | 6.99 x | 16.6 x | 14.1 x | 10.9 x | 8.15 x |
| Yield | 3.15% | 3.95% | 4.98% | 5.71% | 3% | 3.09% | 4.1% | 4.89% |
| Capitalization / Revenue | 1.07 x | 0.82 x | 0.61 x | 0.58 x | 0.68 x | 0.71 x | 0.66 x | 0.6 x |
| EV / Revenue | 0.87 x | 0.72 x | 0.64 x | 0.43 x | 0.62 x | 0.56 x | 0.6 x | 0.53 x |
| EV / EBITDA | 4.6 x | 4.17 x | 3.57 x | 1.99 x | 3.67 x | 3.1 x | 2.96 x | 2.43 x |
| EV / FCF | 79.9 x | -23.9 x | -5.92 x | - | 11.5 x | -14 x | 13.7 x | - |
| FCF Yield | 1.25% | -4.18% | -16.9% | - | 8.73% | -7.16% | 7.31% | - |
| Price to Book | 1.86 x | 1.37 x | 1.13 x | 1.02 x | 1.08 x | 1.08 x | 0.99 x | 0.79 x |
| Nbr of stocks (in thousands) | 9,02,230 | 9,47,049 | 9,44,956 | 9,44,956 | 9,44,956 | 9,44,956 | - | - |
| Reference price 2 | 143.0 | 114.0 | 100.5 | 105.0 | 109.0 | 126.5 | 126.5 | 126.5 |
| Announcement Date | 29/03/20 | 29/03/21 | 16/03/22 | 13/03/23 | 12/03/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,20,068 | 1,31,279 | 1,55,022 | 1,71,356 | 1,51,398 | 1,67,865 | 1,81,236 | 1,99,473 |
| EBITDA 1 | 22,756 | 22,545 | 27,656 | 37,085 | 25,483 | 30,259 | 36,628 | 43,610 |
| EBIT 1 | 14,801 | 14,140 | 15,781 | 22,447 | 9,160 | 13,268 | 17,687 | 20,130 |
| Operating Margin | 12.33% | 10.77% | 10.18% | 13.1% | 6.05% | 7.9% | 9.76% | 10.09% |
| Earnings before Tax (EBT) 1 | 14,951 | 13,794 | 16,219 | 23,469 | 10,048 | 14,821 | 18,263 | 24,456 |
| Net income 1 | 8,685 | 8,095 | 9,651 | 14,197 | 6,189 | 8,743 | 11,176 | 14,702 |
| Net margin | 7.23% | 6.17% | 6.23% | 8.29% | 4.09% | 5.21% | 6.17% | 7.37% |
| EPS 2 | 9.920 | 8.640 | 9.580 | 15.02 | 6.550 | 8.963 | 11.59 | 15.52 |
| Free Cash Flow 1 | 1,309 | -3,933 | -16,687 | - | 8,155 | -6,717 | 7,940 | - |
| FCF margin | 1.09% | -3% | -10.76% | - | 5.39% | -4% | 4.38% | - |
| FCF Conversion (EBITDA) | 5.75% | - | - | - | 32% | - | 21.68% | - |
| FCF Conversion (Net income) | 15.08% | - | - | - | 131.77% | - | 71.04% | - |
| Dividend per Share 2 | 4.500 | 4.500 | 5.000 | 6.000 | 3.275 | 3.910 | 5.181 | 6.190 |
| Announcement Date | 29/03/20 | 29/03/21 | 16/03/22 | 13/03/23 | 12/03/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 56,442 | 33,915 | 34,534 | 50,005 | 52,902 | 31,545 | 23,537 | 41,919 | 54,396 | 32,510 | 31,676 | 46,173 | 56,242 | 35,462 | 33,246 |
| EBITDA 1 | 12,088 | 6,309 | 6,329 | 11,615 | 12,833 | 5,177 | 2,154 | 7,699 | 10,454 | 4,974 | 4,927 | 8,718 | 11,258 | 6,877 | - |
| EBIT 1 | 8,303 | 2,896 | 2,784 | 8,067 | 8,693 | 1,219 | -1,888 | 3,575 | 6,254 | 742.6 | 657.4 | 4,882 | 7,117 | 1,755 | 928 |
| Operating Margin | 14.71% | 8.54% | 8.06% | 16.13% | 16.43% | 3.86% | -8.02% | 8.53% | 11.5% | 2.28% | 2.08% | 10.57% | 12.65% | 4.95% | 2.79% |
| Earnings before Tax (EBT) 1 | 7,983 | 3,321 | 4,016 | 8,412 | 7,720 | 900.8 | -494.7 | 3,797 | 5,845 | 1,498 | 766.5 | 4,898 | 7,312 | 1,582 | 1,255 |
| Net income 1 | 4,870 | 1,873 | 2,634 | 4,985 | 4,706 | 503.6 | -89.7 | 2,271 | 3,504 | 977.4 | 344.5 | 2,877 | 4,419 | 908.6 | 695 |
| Net margin | 8.63% | 5.52% | 7.63% | 9.97% | 8.89% | 1.6% | -0.38% | 5.42% | 6.44% | 3.01% | 1.09% | 6.23% | 7.86% | 2.56% | 2.09% |
| EPS 2 | 4.780 | 1.870 | 2.600 | 4.870 | 4.980 | 0.5300 | -0.0900 | 2.400 | 3.710 | 1.030 | 0.3589 | 2.948 | 4.540 | 0.9158 | 0.7350 |
| Dividend per Share | 5.000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 16/03/22 | 11/05/22 | 09/08/22 | 04/11/22 | 13/03/23 | 11/05/23 | 09/08/23 | 06/11/23 | 12/03/24 | 10/05/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 3,829 | - | - | - | - | - |
| Net Cash position 1 | 24,408 | 13,871 | - | 25,458 | 9,541 | 25,746 | 10,995 | 13,354 |
| Leverage (Debt/EBITDA) | - | - | 0.1385 x | - | - | - | - | - |
| Free Cash Flow 1 | 1,309 | -3,933 | -16,687 | - | 8,155 | -6,717 | 7,940 | - |
| ROE (net income / shareholders' equity) | 14.1% | 11.1% | 11.9% | 15.7% | 6.4% | 7.79% | 8.95% | 10.1% |
| ROA (Net income/ Total Assets) | 6.2% | 5.04% | 5.12% | 6.63% | 2.6% | 3.88% | 4.68% | - |
| Assets 1 | 1,39,994 | 1,60,501 | 1,88,439 | 2,14,158 | 2,38,028 | 2,25,539 | 2,38,644 | - |
| Book Value Per Share 2 | 76.80 | 83.00 | 89.30 | 103.0 | 101.0 | 117.0 | 128.0 | 161.0 |
| Cash Flow per Share 2 | 18.60 | 18.10 | 14.00 | 43.70 | 33.90 | 24.70 | 27.50 | - |
| Capex 1 | 14,964 | 20,881 | 30,745 | 29,032 | 25,719 | 26,757 | 24,499 | - |
| Capex / Sales | 12.46% | 15.91% | 19.83% | 16.94% | 16.99% | 15.94% | 13.52% | - |
| Announcement Date | 29/03/20 | 29/03/21 | 16/03/22 | 13/03/23 | 12/03/24 | - | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
126.5
TWD
Average target price
136.8
TWD
Spread / Average Target
+8.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.06% | 366.61Cr | |
| +38.42% | 6.86TCr | |
| -5.59% | 1.7TCr | |
| +81.32% | 1.29TCr | |
| +18.57% | 1.14TCr | |
| +8.54% | 984.84Cr | |
| +66.37% | 969.13Cr | |
| +2.27% | 841.23Cr | |
| -9.71% | 777.16Cr | |
| +50.05% | 751.88Cr |
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