COMPEQ MANUFACTURING CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 71.3 TWD | +0.42% |
|
-2.60% | +0.85% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 53,751 | 51,844 | 52,142 | 53,036 | 84,262 | 84,977 | - |
| Enterprise Value (EV) 1 | 58,088 | 56,432 | 58,170 | 55,926 | 86,415 | 84,314 | 78,228 |
| P/E ratio | 14.1 x | 11.1 x | 10.2 x | 6.63 x | 20.2 x | 13.9 x | 11.2 x |
| Yield | 2.66% | 3.45% | 4.11% | 6.07% | 2.12% | 3.11% | 3.67% |
| Capitalization / Revenue | 0.96 x | 0.86 x | 0.83 x | 0.69 x | 1.26 x | 1.1 x | 1.03 x |
| EV / Revenue | 1.03 x | 0.93 x | 0.92 x | 0.73 x | 1.29 x | 1.09 x | 0.95 x |
| EV / EBITDA | 5.79 x | 5.26 x | 5.13 x | 3.67 x | 8 x | 6.43 x | 4.95 x |
| EV / FCF | 17.2 x | 26.2 x | 402 x | 8.68 x | 22.5 x | 15 x | 12.3 x |
| FCF Yield | 5.83% | 3.82% | 0.25% | 11.5% | 4.44% | 6.67% | 8.13% |
| Price to Book | 2.09 x | 1.78 x | 1.61 x | 1.37 x | 2.15 x | 1.99 x | 1.79 x |
| Nbr of stocks (in thousands) | 1,191,821 | 1,191,821 | 1,191,821 | 1,191,821 | 1,191,821 | 1,191,821 | - |
| Reference price 2 | 45.10 | 43.50 | 43.75 | 44.50 | 70.70 | 71.30 | 71.30 |
| Announcement Date | 3/12/20 | 3/12/21 | 3/14/22 | 3/13/23 | 3/12/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 56,175 | 60,517 | 63,054 | 76,419 | 67,079 | 77,486 | 82,128 |
| EBITDA 1 | 10,026 | 10,731 | 11,344 | 15,258 | 10,804 | 13,118 | 15,806 |
| EBIT 1 | 6,144 | 6,638 | 6,815 | 10,122 | 5,219 | 7,433 | 9,649 |
| Operating Margin | 10.94% | 10.97% | 10.81% | 13.25% | 7.78% | 9.59% | 11.75% |
| Earnings before Tax (EBT) 1 | 5,567 | 6,252 | 6,731 | 10,136 | 5,272 | 7,817 | 11,152 |
| Net income 1 | 3,822 | 4,665 | 5,140 | 8,001 | 4,168 | 5,947 | 7,590 |
| Net margin | 6.8% | 7.71% | 8.15% | 10.47% | 6.21% | 7.68% | 9.24% |
| EPS 2 | 3.190 | 3.910 | 4.290 | 6.710 | 3.500 | 5.126 | 6.367 |
| Free Cash Flow 1 | 3,387 | 2,156 | 144.6 | 6,440 | 3,837 | 5,622 | 6,364 |
| FCF margin | 6.03% | 3.56% | 0.23% | 8.43% | 5.72% | 7.26% | 7.75% |
| FCF Conversion (EBITDA) | 33.78% | 20.09% | 1.27% | 42.21% | 35.51% | 42.86% | 40.26% |
| FCF Conversion (Net income) | 88.61% | 46.21% | 2.81% | 80.49% | 92.05% | 94.53% | 83.84% |
| Dividend per Share 2 | 1.200 | 1.500 | 1.800 | 2.700 | 1.500 | 2.220 | 2.617 |
| Announcement Date | 3/12/20 | 3/12/21 | 3/14/22 | 3/13/23 | 3/12/24 | - | - |
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 | 19,735 | 17,549 | 16,333 | 21,692 | 20,846 | 13,496 | 13,864 | 19,592 | 20,127 | 15,557 | 16,800 | 21,959 | 23,170 | 16,861 | 17,424 |
| EBITDA 1 | 3,808 | 3,641 | 3,071 | 4,185 | 4,361 | 2,205 | 1,925 | 3,157 | 3,517 | 2,382 | 2,441 | 4,353 | 4,755 | - | - |
| EBIT 1 | 2,593 | 2,402 | 1,811 | 2,896 | 3,013 | 837.6 | 542.1 | 1,756 | 2,083 | 939.5 | 1,462 | 2,415 | 2,665 | 1,479 | 1,623 |
| Operating Margin | 13.14% | 13.68% | 11.09% | 13.35% | 14.45% | 6.21% | 3.91% | 8.96% | 10.35% | 6.04% | 8.7% | 11% | 11.5% | 8.77% | 9.32% |
| Earnings before Tax (EBT) 1 | 2,629 | 2,602 | 1,674 | 3,275 | 2,585 | 653.4 | 594.1 | 2,179 | 1,846 | 1,273 | 1,460 | 2,420 | 2,664 | 1,917 | 2,054 |
| Net income 1 | 2,027 | 1,886 | 1,440 | 2,513 | 2,162 | 357.7 | 599.9 | 1,680 | 1,531 | 992.9 | 1,154 | 1,911 | 2,104 | 1,514 | 1,623 |
| Net margin | 10.27% | 10.75% | 8.82% | 11.58% | 10.37% | 2.65% | 4.33% | 8.57% | 7.61% | 6.38% | 6.87% | 8.7% | 9.08% | 8.98% | 9.31% |
| EPS 2 | 1.690 | 1.580 | 1.200 | 2.100 | 1.810 | 0.3000 | 0.5000 | 1.410 | 1.290 | 0.8300 | 0.9700 | 1.600 | 1.770 | 0.9524 | 1.046 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/14/22 | 5/12/22 | 8/5/22 | 11/11/22 | 3/13/23 | 5/11/23 | 8/10/23 | 11/10/23 | 3/12/24 | 5/10/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,336 | 4,588 | 6,028 | 2,890 | 2,153 | - | - |
| Net Cash position 1 | - | - | - | - | - | 663 | 6,749 |
| Leverage (Debt/EBITDA) | 0.4325 x | 0.4276 x | 0.5314 x | 0.1894 x | 0.1993 x | - | - |
| Free Cash Flow 1 | 3,387 | 2,156 | 145 | 6,440 | 3,837 | 5,622 | 6,364 |
| ROE (net income / shareholders' equity) | 15.5% | 17% | 16.7% | 22.5% | 10.7% | 14.4% | 16.4% |
| ROA (Net income/ Total Assets) | 6.43% | 7.31% | 7.43% | 10.5% | 5.25% | 6.5% | 8.32% |
| Assets 1 | 59,460 | 63,824 | 69,194 | 75,908 | 79,466 | 91,494 | 91,281 |
| Book Value Per Share 2 | 21.60 | 24.50 | 27.20 | 32.50 | 32.90 | 35.90 | 39.80 |
| Cash Flow per Share 2 | 6.440 | 7.200 | 7.500 | 11.40 | 8.730 | 9.120 | 10.40 |
| Capex 1 | 4,321 | 6,458 | 8,831 | 7,234 | 6,614 | 6,319 | 6,554 |
| Capex / Sales | 7.69% | 10.67% | 14.01% | 9.47% | 9.86% | 8.16% | 7.98% |
| Announcement Date | 3/12/20 | 3/12/21 | 3/14/22 | 3/13/23 | 3/12/24 | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
71.3
TWD
Average target price
79.75
TWD
Spread / Average Target
+11.85%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.85% | 2.62B | |
| +25.62% | 62.55B | |
| -19.22% | 14.57B | |
| +37.72% | 9.8B | |
| +48.06% | 8.65B | |
| +4.55% | 8.64B | |
| -4.30% | 8.68B | |
| -7.67% | 7.99B | |
| +32.17% | 6.64B | |
| -17.32% | 6.49B |
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- Financials Compeq Manufacturing Co., Ltd.
