FENG TAY ENTERPRISES CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 165 TWD | 0.00% |
|
+1.85% | -5.71% |
| Mar. 14 | Feng Tay Enterprises Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Asian IPO market seen brighter in 2024 but elections cast shadows | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 143,273 | 175,895 | 204,109 | 182,067 | 172,810 | 162,935 | - | - |
| Enterprise Value (EV) 1 | 144,671 | 175,661 | 209,480 | 179,952 | 175,256 | 160,064 | 156,895 | 162,935 |
| P/E ratio | 23 x | 36.1 x | 45 x | 20 x | 34.7 x | 24.4 x | 19.6 x | 18.6 x |
| Yield | 2.05% | 1.85% | 1.77% | 3.73% | 2.46% | 2.96% | 3.55% | 3.94% |
| Capitalization / Revenue | 1.94 x | 2.55 x | 2.9 x | 1.9 x | 2.01 x | 1.77 x | 1.63 x | 1.52 x |
| EV / Revenue | 1.96 x | 2.55 x | 2.98 x | 1.88 x | 2.04 x | 1.74 x | 1.57 x | 1.52 x |
| EV / EBITDA | 13.8 x | 18.6 x | 23.5 x | 12.7 x | 18.3 x | 13.1 x | 10.9 x | 10.6 x |
| EV / FCF | 39.2 x | 32.1 x | -154 x | 14.5 x | 55.5 x | 16.2 x | 21.8 x | 20.1 x |
| FCF Yield | 2.55% | 3.12% | -0.65% | 6.89% | 1.8% | 6.19% | 4.58% | 4.97% |
| Price to Book | 8.62 x | 10.1 x | 11.3 x | 7.28 x | 7.46 x | 6.42 x | 5.55 x | 5.45 x |
| Nbr of stocks (in thousands) | 987,483 | 987,483 | 987,483 | 987,483 | 987,483 | 987,483 | - | - |
| Reference price 2 | 145.1 | 178.1 | 206.7 | 184.4 | 175.0 | 165.0 | 165.0 | 165.0 |
| Announcement Date | 1/10/20 | 3/22/21 | 3/18/22 | 3/16/23 | 3/14/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 73,930 | 68,960 | 70,350 | 95,903 | 85,767 | 91,831 | 100,098 | 107,420 |
| EBITDA 1 | 10,501 | 9,468 | 8,919 | 14,209 | 9,564 | 12,181 | 14,454 | 15,423 |
| EBIT 1 | 8,371 | 7,069 | 6,377 | 11,346 | 6,584 | 8,829 | 10,929 | 11,858 |
| Operating Margin | 11.32% | 10.25% | 9.06% | 11.83% | 7.68% | 9.61% | 10.92% | 11.04% |
| Earnings before Tax (EBT) 1 | 9,813 | 7,646 | 6,928 | 13,474 | 7,081 | 9,422 | 12,089 | - |
| Net income 1 | 6,238 | 4,879 | 4,542 | 9,082 | 4,975 | 6,704 | 8,253 | 8,596 |
| Net margin | 8.44% | 7.07% | 6.46% | 9.47% | 5.8% | 7.3% | 8.25% | 8% |
| EPS 2 | 6.317 | 4.938 | 4.598 | 9.196 | 5.040 | 6.754 | 8.423 | 8.855 |
| Free Cash Flow 1 | 3,687 | 5,474 | -1,358 | 12,395 | 3,159 | 9,910 | 7,184 | 8,093 |
| FCF margin | 4.99% | 7.94% | -1.93% | 12.92% | 3.68% | 10.79% | 7.18% | 7.53% |
| FCF Conversion (EBITDA) | 35.12% | 57.82% | - | 87.23% | 33.03% | 81.36% | 49.7% | 52.48% |
| FCF Conversion (Net income) | 59.11% | 112.2% | - | 136.48% | 63.5% | 147.83% | 87.05% | 94.15% |
| Dividend per Share 2 | 2.976 | 3.304 | 3.661 | 6.875 | 4.300 | 4.876 | 5.866 | 6.498 |
| Announcement Date | 1/10/20 | 3/22/21 | 3/18/22 | 3/16/23 | 3/14/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,590 | 18,725 | 22,395 | 24,763 | 25,881 | 22,863 | 19,503 | 20,656 | 23,073 | 22,535 | 20,472 | 22,033 | 24,516 | 24,395 | 23,222 |
| EBITDA 1 | 64.69 | 2,807 | 3,230 | 3,841 | 3,704 | 3,433 | 1,652 | 2,152 | 2,705 | 3,055 | 2,409 | 3,007 | 3,355 | 3,610 | - |
| EBIT 1 | -569.8 | 2,144 | 2,552 | 3,122 | 2,983 | 2,689 | 926.9 | 1,414 | 1,949 | 2,295 | 1,503 | 2,089 | 2,665 | 2,716 | 2,587 |
| Operating Margin | -4.53% | 11.45% | 11.4% | 12.61% | 11.53% | 11.76% | 4.75% | 6.84% | 8.45% | 10.18% | 7.34% | 9.48% | 10.87% | 11.13% | 11.14% |
| Earnings before Tax (EBT) 1 | -439.5 | 2,216 | 3,035 | 3,845 | 4,058 | 2,537 | 895.7 | 1,765 | 2,407 | 2,014 | 1,802 | 2,302 | 2,767 | 2,888 | 2,841 |
| Net income 1 | -411.9 | 1,613 | 2,073 | 2,583 | 2,722 | 1,704 | 749.4 | 1,197 | 1,689 | 1,340 | 1,366 | 1,553 | 1,784 | 1,869 | 1,936 |
| Net margin | -3.27% | 8.61% | 9.26% | 10.43% | 10.52% | 7.45% | 3.84% | 5.8% | 7.32% | 5.94% | 6.67% | 7.05% | 7.28% | 7.66% | 8.34% |
| EPS 2 | -0.4196 | 1.634 | 2.098 | 2.616 | 2.759 | 1.723 | 0.7589 | 1.210 | 1.710 | 1.360 | 1.383 | 1.573 | 1.807 | 1.891 | 1.960 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 4.300 | - | - |
| Announcement Date | 11/12/21 | 3/18/22 | 4/12/22 | 8/11/22 | 11/10/22 | 3/16/23 | 5/11/23 | 8/11/23 | 11/10/23 | 3/14/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,398 | - | 5,371 | - | 2,447 | - | - | - |
| Net Cash position 1 | - | 235 | - | 2,115 | - | 2,870 | 6,040 | - |
| Leverage (Debt/EBITDA) | 0.1331 x | - | 0.6022 x | - | 0.2558 x | - | - | - |
| Free Cash Flow 1 | 3,687 | 5,474 | -1,358 | 12,395 | 3,159 | 9,910 | 7,184 | 8,093 |
| ROE (net income / shareholders' equity) | 38.2% | 28.7% | 25.6% | 42.1% | 20.7% | 28.1% | 28.9% | 29.9% |
| ROA (Net income/ Total Assets) | 16.5% | 11.5% | 10% | 18.5% | 9.8% | 11.5% | 14.2% | 12.5% |
| Assets 1 | 37,783 | 42,527 | 45,357 | 49,118 | 50,764 | 58,210 | 58,141 | 68,877 |
| Book Value Per Share 2 | 16.80 | 17.60 | 18.30 | 25.30 | 23.50 | 25.70 | 29.80 | 30.30 |
| Cash Flow per Share 2 | 9.510 | 8.700 | 1.780 | 17.10 | 7.390 | 11.90 | 11.40 | 12.80 |
| Capex 1 | 5,703 | 3,115 | 3,113 | 4,454 | 4,141 | 3,786 | 4,089 | 4,507 |
| Capex / Sales | 7.71% | 4.52% | 4.42% | 4.64% | 4.83% | 4.12% | 4.09% | 4.2% |
| Announcement Date | 1/10/20 | 3/22/21 | 3/18/22 | 3/16/23 | 3/14/24 | - | - | - |
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
HOLD
Number of Analysts
13
Last Close Price
165
TWD
Average target price
178.2
TWD
Spread / Average Target
+8.02%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.71% | 5.03B | |
| -13.80% | 141B | |
| +22.28% | 10.51B | |
| +61.72% | 8.18B | |
| +2.24% | 3.34B | |
| +22.90% | 1.63B | |
| +36.60% | 1.23B | |
| -19.91% | 869M | |
| -8.24% | 720M | |
| +3.18% | 389M |
- Stock Market
- Equities
- 9910 Stock
- Financials Feng Tay Enterprises Co., Ltd.