Financials Hua Yu Lien Development Co., Ltd

Equities

1436

TW0001436004

Real Estate Development & Operations

End-of-day quote Taiwan S.E. 06:00:00 2024-05-21 pm EDT 5-day change 1st Jan Change
135.5 TWD +1.50% Intraday chart for Hua Yu Lien Development Co., Ltd +2.65% +63.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,917 3,801 3,648 5,169 5,440 8,122
Enterprise Value (EV) 1 6,762 9,036 10,848 13,853 12,895 16,985
P/E ratio 8.17 x 16.2 x 21.4 x 13.8 x 11.5 x 11.7 x
Yield 5.46% 6.29% 5.24% 7.71% 9.13% 7.26%
Capitalization / Revenue 1.11 x 1.83 x 2.24 x 2 x 1.38 x 4.99 x
EV / Revenue 2.58 x 4.36 x 6.65 x 5.37 x 3.27 x 10.4 x
EV / EBITDA 14.4 x 24.3 x 37.4 x 24.9 x 14.6 x 15.3 x
EV / FCF 3.23 x -6.32 x -6.09 x -7.57 x 8.68 x -10.5 x
FCF Yield 31% -15.8% -16.4% -13.2% 11.5% -9.52%
Price to Book 1.11 x 1.41 x 1.35 x 1.71 x 1.66 x 2.13 x
Nbr of stocks (in thousands) 95,634 95,634 95,634 95,718 96,622 97,974
Reference price 2 30.50 39.75 38.15 54.00 56.30 82.90
Announcement Date 3/25/19 3/23/20 3/23/21 3/24/22 3/16/23 3/14/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,621 2,075 1,632 2,579 3,940 1,628
EBITDA 1 469.7 372.3 290.1 555.7 881.8 1,113
EBIT 1 459.7 358.4 272.9 537 863 1,094
Operating Margin 17.54% 17.27% 16.72% 20.82% 21.9% 67.19%
Earnings before Tax (EBT) 1 400.1 281.8 190.7 488.5 793.5 1,024
Net income 1 357.4 234.7 179.6 486.4 630.6 945.9
Net margin 13.63% 11.31% 11.01% 18.86% 16.01% 58.09%
EPS 2 3.733 2.450 1.786 3.917 4.879 7.114
Free Cash Flow 1 2,095 -1,429 -1,783 -1,830 1,485 -1,616
FCF margin 79.92% -68.88% -109.23% -70.96% 37.71% -99.25%
FCF Conversion (EBITDA) 446.05% - - - 168.45% -
FCF Conversion (Net income) 586.23% - - - 235.55% -
Dividend per Share 2 1.667 2.500 2.000 4.162 5.139 6.017
Announcement Date 3/25/19 3/23/20 3/23/21 3/24/22 3/16/23 3/14/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,845 5,235 7,199 8,684 7,455 8,863
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.187 x 14.06 x 24.82 x 15.63 x 8.454 x 7.965 x
Free Cash Flow 1 2,095 -1,429 -1,783 -1,830 1,485 -1,616
ROE (net income / shareholders' equity) 14.1% 8.83% 6.65% 17% 20% 26.1%
ROA (Net income/ Total Assets) 3.8% 2.54% 1.6% 2.65% 4.03% 4.86%
Assets 1 9,399 9,224 11,202 18,380 15,632 19,447
Book Value Per Share 2 27.40 28.20 28.30 31.60 33.90 39.00
Cash Flow per Share 2 6.470 3.320 4.040 5.540 9.390 6.630
Capex 1 1.09 1.59 13.2 6.68 2.11 1.09
Capex / Sales 0.04% 0.08% 0.81% 0.26% 0.05% 0.07%
Announcement Date 3/25/19 3/23/20 3/23/21 3/24/22 3/16/23 3/14/24
1TWD in Million2TWD
Estimates
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