Financials Hanpin Electron Co., Ltd.

Equities

2488

TW0002488004

Entertainment Production

End-of-day quote Taiwan S.E. 06:00:00 2024-05-06 pm EDT 5-day change 1st Jan Change
48.05 TWD -1.64% Intraday chart for Hanpin Electron Co., Ltd. +2.02% +20.28%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,376 2,704 2,492 2,200 2,304 3,196
Enterprise Value (EV) 1 820.3 1,202 1,070 880.9 524.2 1,286
P/E ratio 8.27 x 9.8 x 13.8 x 15.4 x 7.6 x 9.25 x
Yield 8.42% 6.8% 4.82% 4.36% 8.68% 7.01%
Capitalization / Revenue 0.9 x 1.07 x 1.29 x 0.89 x 0.75 x 1.3 x
EV / Revenue 0.31 x 0.47 x 0.55 x 0.35 x 0.17 x 0.52 x
EV / EBITDA 2.49 x 3.8 x 5.06 x 4.6 x 1.52 x 3.21 x
EV / FCF 8.85 x 7.9 x 29.6 x -22.3 x 1.46 x 3.32 x
FCF Yield 11.3% 12.7% 3.38% -4.48% 68.4% 30.1%
Price to Book 1.18 x 1.3 x 1.21 x 1.06 x 0.99 x 1.29 x
Nbr of stocks (in thousands) 79,999 79,999 79,999 79,999 79,999 79,999
Reference price 2 29.70 33.80 31.15 27.50 28.80 39.95
Announcement Date 2/27/19 2/26/20 3/2/21 2/25/22 3/1/23 2/26/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,632 2,538 1,938 2,486 3,085 2,462
EBITDA 1 329.5 316.1 211.3 191.5 345.3 400.6
EBIT 1 294.3 279.4 177 157.6 312.3 367.8
Operating Margin 11.18% 11.01% 9.13% 6.34% 10.12% 14.94%
Earnings before Tax (EBT) 1 404.9 365.5 234.3 199 418.7 455
Net income 1 292 279.9 181.6 143.3 308.7 351.1
Net margin 11.09% 11.03% 9.37% 5.76% 10.01% 14.26%
EPS 2 3.590 3.450 2.250 1.780 3.790 4.320
Free Cash Flow 1 92.68 152.2 36.2 -39.43 358.8 387.7
FCF margin 3.52% 6% 1.87% -1.59% 11.63% 15.75%
FCF Conversion (EBITDA) 28.13% 48.14% 17.13% - 103.92% 96.78%
FCF Conversion (Net income) 31.75% 54.36% 19.94% - 116.24% 110.42%
Dividend per Share 2 2.500 2.300 1.500 1.200 2.500 2.800
Announcement Date 2/27/19 2/26/20 3/2/21 2/25/22 3/1/23 2/26/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,556 1,502 1,422 1,319 1,780 1,910
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 92.7 152 36.2 -39.4 359 388
ROE (net income / shareholders' equity) 14.9% 13.7% 8.73% 6.8% 13.9% 14.6%
ROA (Net income/ Total Assets) 5.47% 5.73% 3.45% 2.65% 5.28% 6.8%
Assets 1 5,333 4,887 5,270 5,407 5,847 5,164
Book Value Per Share 2 25.30 25.90 25.80 25.90 29.20 30.90
Cash Flow per Share 2 10.10 8.930 18.00 23.00 6.480 10.80
Capex 1 30.1 21.9 14.8 20.9 19.7 10.8
Capex / Sales 1.14% 0.86% 0.76% 0.84% 0.64% 0.44%
Announcement Date 2/27/19 2/26/20 3/2/21 2/25/22 3/1/23 2/26/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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