Financials Zimmite Taiwan Ltd.

Equities

8435

TW0008435009

Industrial Machinery & Equipment

End-of-day quote Taipei Exchange 03:30:00 10/05/2024 am IST 5-day change 1st Jan Change
71.7 TWD +0.14% Intraday chart for Zimmite Taiwan Ltd. +0.56% +15.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,465 1,604 1,614 1,877 1,870 1,975
Enterprise Value (EV) 1 951.1 1,082 1,077 1,311 1,312 1,438
P/E ratio 13.9 x 14.5 x 14.4 x 14.7 x 14.8 x 14.3 x
Yield 6.93% 6.62% 6.88% 6.42% 6.44% 6.42%
Capitalization / Revenue 1.91 x 2.09 x 2.26 x 2.43 x 2.43 x 2.8 x
EV / Revenue 1.24 x 1.41 x 1.51 x 1.7 x 1.71 x 2.04 x
EV / EBITDA 5.78 x 6.06 x 6.16 x 7.06 x 7.52 x 8.31 x
EV / FCF 6.96 x 8.45 x 10.4 x 11.3 x 11.4 x 23.1 x
FCF Yield 14.4% 11.8% 9.63% 8.87% 8.77% 4.33%
Price to Book 1.99 x 2.19 x 2.17 x 2.47 x 2.43 x 2.52 x
Nbr of stocks (in thousands) 31,700 31,700 31,700 31,700 31,700 31,700
Reference price 2 46.20 50.60 50.90 59.20 59.00 62.30
Announcement Date 29/03/19 26/03/20 30/03/21 25/03/22 21/03/23 14/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 767.7 765.8 713.4 773.1 768.8 706.3
EBITDA 1 164.5 178.6 174.8 185.7 174.3 173.2
EBIT 1 144.5 157.6 153.5 166.3 157.7 155.5
Operating Margin 18.83% 20.58% 21.52% 21.51% 20.51% 22.01%
Earnings before Tax (EBT) 1 152.8 155.1 153.6 170.6 166.3 180.9
Net income 1 105.8 111 112.4 127.9 126.8 138.5
Net margin 13.78% 14.49% 15.75% 16.54% 16.49% 19.61%
EPS 2 3.330 3.500 3.540 4.030 3.999 4.360
Free Cash Flow 1 136.7 128.1 103.7 116.3 115.1 62.27
FCF margin 17.81% 16.72% 14.54% 15.05% 14.97% 8.82%
FCF Conversion (EBITDA) 83.1% 71.71% 59.33% 62.65% 65.99% 35.96%
FCF Conversion (Net income) 129.21% 115.37% 92.3% 90.96% 90.75% 44.95%
Dividend per Share 2 3.200 3.350 3.500 3.800 3.800 4.000
Announcement Date 29/03/19 26/03/20 30/03/21 25/03/22 21/03/23 14/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 513 522 536 565 559 537
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 137 128 104 116 115 62.3
ROE (net income / shareholders' equity) 14.4% 15.1% 15.2% 17% 16.6% 17.8%
ROA (Net income/ Total Assets) 9.68% 10.5% 10.2% 10.5% 9.58% 9.68%
Assets 1 1,093 1,055 1,100 1,215 1,323 1,431
Book Value Per Share 2 23.20 23.20 23.50 24.00 24.30 24.70
Cash Flow per Share 2 16.20 17.00 17.30 9.890 8.910 4.680
Capex 1 33 21.1 16.6 16 10.4 9.03
Capex / Sales 4.3% 2.75% 2.33% 2.06% 1.36% 1.28%
Announcement Date 29/03/19 26/03/20 30/03/21 25/03/22 21/03/23 14/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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