Financials Farcent Enterprise Co.,Ltd

Equities

1730

TW0001730000

Household Products

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
56.3 TWD +0.18% Intraday chart for Farcent Enterprise Co.,Ltd +0.36% -2.43%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,015 4,629 4,534 4,015 3,503 3,649
Enterprise Value (EV) 1 4,083 4,498 3,725 3,475 2,823 2,740
P/E ratio 12.9 x 13.6 x 13 x 15.4 x 13.8 x 15.8 x
Yield 5.45% 5.14% 5.38% 4.72% 5.42% 4.85%
Capitalization / Revenue 1.35 x 1.36 x 1.48 x 1.28 x 1.26 x 1.39 x
EV / Revenue 1.37 x 1.33 x 1.22 x 1.11 x 1.01 x 1.05 x
EV / EBITDA 9.42 x 9.29 x 10.2 x 8.98 x 7.59 x 7.88 x
EV / FCF -7.39 x 13 x 71.4 x 3,462 x 10.4 x 7.23 x
FCF Yield -13.5% 7.71% 1.4% 0.03% 9.6% 13.8%
Price to Book 2.65 x 2.81 x 2.61 x 2.35 x 1.94 x 1.98 x
Nbr of stocks (in thousands) 62,542 63,234 63,234 63,234 63,234 63,234
Reference price 2 64.20 73.20 71.70 63.50 55.40 57.70
Announcement Date 3/4/19 3/4/20 3/3/21 3/1/22 3/1/23 2/27/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,985 3,391 3,059 3,139 2,785 2,616
EBITDA 1 433.3 484 366.4 386.8 372 347.8
EBIT 1 361.9 433.5 315.2 336.6 323.5 301.3
Operating Margin 12.12% 12.78% 10.3% 10.72% 11.62% 11.52%
Earnings before Tax (EBT) 1 418 471.2 502.9 366.8 343.5 328.4
Net income 1 300.4 339.7 348.1 261.5 253.4 231
Net margin 10.07% 10.02% 11.38% 8.33% 9.1% 8.83%
EPS 2 4.962 5.372 5.505 4.136 4.007 3.653
Free Cash Flow 1 -552.7 346.9 52.19 1.004 270.9 378.8
FCF margin -18.52% 10.23% 1.71% 0.03% 9.73% 14.48%
FCF Conversion (EBITDA) - 71.67% 14.24% 0.26% 72.81% 108.91%
FCF Conversion (Net income) - 102.12% 14.99% 0.38% 106.9% 164%
Dividend per Share 2 3.500 3.760 3.860 3.000 3.000 2.800
Announcement Date 3/4/19 3/4/20 3/3/21 3/1/22 3/1/23 2/27/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 68.3 - - - - -
Net Cash position 1 - 131 809 540 680 908
Leverage (Debt/EBITDA) 0.1575 x - - - - -
Free Cash Flow 1 -553 347 52.2 1 271 379
ROE (net income / shareholders' equity) 21.1% 21.3% 21.1% 15.7% 14.9% 13.4%
ROA (Net income/ Total Assets) 9.32% 9.86% 7.52% 8.01% 7.7% 7.31%
Assets 1 3,224 3,445 4,629 3,265 3,291 3,158
Book Value Per Share 2 24.20 26.10 27.50 27.00 28.60 29.10
Cash Flow per Share 2 5.100 5.060 9.230 10.90 12.10 13.70
Capex 1 757 52.5 15 278 11.9 15.4
Capex / Sales 25.36% 1.55% 0.49% 8.85% 0.43% 0.59%
Announcement Date 3/4/19 3/4/20 3/3/21 3/1/22 3/1/23 2/27/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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