HOTAI FINANCE CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 113.5 TWD | -0.44% |
|
-5.02% | -11.33% |
Valuation
| Fiscal Period: December | 2019 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Capitalization 1 | 45,784 | 52,530 | 85,312 | 75,648 |
| Enterprise Value (EV) 1 | 45,784 | 52,530 | 85,312 | 371,775 |
| P/E ratio | 15.3 x | 14.5 x | 20 x | 17.4 x |
| Yield | - | - | - | 3.08% |
| Capitalization / Revenue | 3.78 x | - | 2.98 x | 2.31 x |
| EV / Revenue | 3.78 x | - | 2.98 x | 11.4 x |
| EV / EBITDA | - | - | 12.7 x | 53.2 x |
| EV / FCF | - | - | - | -6.18 x |
| FCF Yield | - | - | - | -16.2% |
| Price to Book | - | - | - | 2.13 x |
| Nbr of stocks (in thousands) | 566,500 | 566,500 | 666,500 | 666,500 |
| Reference price 2 | 80.82 | 92.73 | 128.0 | 113.5 |
| Announcement Date | 3/17/20 | 3/9/23 | 3/13/24 | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net sales 1 | 12,116 | - | 28,660 | 32,735 |
| EBITDA 1 | - | - | 6,724 | 6,982 |
| EBIT 1 | 3,011 | - | 5,226 | 5,647 |
| Operating Margin | 24.85% | - | 18.23% | 17.25% |
| Earnings before Tax (EBT) 1 | 3,062 | - | 5,531 | 6,181 |
| Net income 1 | 2,236 | 3,623 | 3,690 | 4,124 |
| Net margin | 18.45% | - | 12.87% | 12.6% |
| EPS 2 | 5.273 | 6.391 | 6.400 | 6.510 |
| Free Cash Flow 1 | - | - | - | -60,190 |
| FCF margin | - | - | - | -183.87% |
| FCF Conversion (EBITDA) | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - |
| Dividend per Share 2 | - | - | - | 3.500 |
| Announcement Date | 3/17/20 | 3/9/23 | 3/13/24 | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 6,920 | 7,503 | 7,672 | 7,805 | 8,472 | 8,804 |
| EBITDA 1 | - | 1,631 | 1,748 | 1,698 | 1,642 | 1,858 | 1,962 |
| EBIT 1 | - | 1,271 | 1,363 | 1,299 | 1,308 | 1,524 | 1,628 |
| Operating Margin | - | 18.36% | 18.17% | 16.94% | 16.76% | 17.99% | 18.49% |
| Earnings before Tax (EBT) 1 | - | 1,336 | 1,487 | 1,376 | 1,358 | 1,574 | 1,678 |
| Net income 1 | 899.2 | 886.8 | 1,005 | 898.5 | 906 | 1,050 | 1,119 |
| Net margin | - | 12.82% | 13.4% | 11.71% | 11.61% | 12.39% | 12.71% |
| EPS 2 | 1.482 | 1.570 | 1.770 | 1.580 | 1.600 | 1.850 | 1.210 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 5/5/23 | 8/3/23 | 11/8/23 | 3/13/24 | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Debt 1 | - | - | - | 296,127 |
| Net Cash position 1 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 42.41 x |
| Free Cash Flow 1 | - | - | - | -60,190 |
| ROE (net income / shareholders' equity) | - | - | - | 14.6% |
| ROA (Net income/ Total Assets) | - | - | - | 1.3% |
| Assets 1 | - | - | - | 317,231 |
| Book Value Per Share 2 | - | - | - | 53.40 |
| Cash Flow per Share 2 | - | - | - | -81.00 |
| Capex 1 | - | - | - | 1,683 |
| Capex / Sales | - | - | - | 5.14% |
| Announcement Date | 3/17/20 | 3/9/23 | 3/13/24 | - |
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
HOLD
Number of Analysts
1
Last Close Price
113.5
TWD
Average target price
130
TWD
Spread / Average Target
+14.54%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -11.33% | 2.33B | |
| -8.78% | 49.45B | |
| -6.71% | 30.26B | |
| +48.27% | 26.46B | |
| +26.81% | 24.88B | |
| +19.74% | 18.36B | |
| +0.68% | 12.76B | |
| +14.30% | 10.55B | |
| +12.66% | 7.99B | |
| -30.25% | 7.34B |
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- Financials Hotai Finance Co., Ltd.