Financials Huaku Development Co., Ltd.

Equities

2548

TW0002548005

Real Estate Development & Operations

End-of-day quote Taiwan S.E. 06:00:00 2024-05-06 pm EDT 5-day change 1st Jan Change
162 TWD -5.81% Intraday chart for Huaku Development Co., Ltd. -2.41% +68.22%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 18,839 25,617 24,289 25,285 24,621 26,640
Enterprise Value (EV) 1 34,614 37,242 36,591 40,409 37,702 41,368
P/E ratio 21.9 x 8.19 x 8.78 x 8.7 x 8.37 x 7.48 x
Yield 7.34% 8.1% 7.97% 8.21% 8.43% -
Capitalization / Revenue 4.06 x 1.29 x 2.14 x 1.87 x 1.66 x 1.69 x
EV / Revenue 7.46 x 1.88 x 3.23 x 2.98 x 2.54 x 2.62 x
EV / EBITDA 44.6 x 9.82 x 11.7 x 11.3 x 10.1 x 9.45 x
EV / FCF -7.33 x 7.4 x 222 x -20.3 x 11.9 x -46.1 x
FCF Yield -13.6% 13.5% 0.45% -4.93% 8.43% -2.17%
Price to Book 1.26 x 1.54 x 1.4 x 1.38 x 1.28 x 1.28 x
Nbr of stocks (in thousands) 276,639 276,639 276,639 276,639 276,639 276,639
Reference price 2 68.10 92.60 87.80 91.40 89.00 96.30
Announcement Date 3/15/19 3/17/20 3/12/21 3/9/22 2/24/23 2/29/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,638 19,820 11,338 13,547 14,853 15,805
EBITDA 1 775.7 3,794 3,141 3,563 3,751 4,379
EBIT 1 757.1 3,766 3,112 3,533 3,721 4,350
Operating Margin 16.32% 19% 27.45% 26.08% 25.05% 27.53%
Earnings before Tax (EBT) 1 1,052 3,841 3,195 3,580 3,708 4,288
Net income 1 863.5 3,141 2,780 2,920 2,957 3,582
Net margin 18.62% 15.85% 24.52% 21.56% 19.91% 22.66%
EPS 2 3.110 11.30 10.00 10.50 10.63 12.87
Free Cash Flow 1 -4,720 5,031 165.1 -1,990 3,178 -897.9
FCF margin -101.78% 25.38% 1.46% -14.69% 21.39% -5.68%
FCF Conversion (EBITDA) - 132.59% 5.26% - 84.72% -
FCF Conversion (Net income) - 160.18% 5.94% - 107.45% -
Dividend per Share 2 5.000 7.500 7.000 7.500 7.500 -
Announcement Date 3/15/19 3/17/20 3/12/21 3/9/22 2/24/23 2/29/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3
Net sales 1 5,647 - 384 4,714 1,606 2,885
EBITDA - - - - - -
EBIT 1 1,405 - -36.23 1,488 458.3 673.2
Operating Margin 24.87% - -9.44% 31.57% 28.55% 23.33%
Earnings before Tax (EBT) 1 1,412 - -65.41 1,458 433.1 667.4
Net income 1 1,153 269.3 -57.46 1,185 303 620.4
Net margin 20.41% - -14.97% 25.14% 18.87% 21.51%
EPS 2 4.160 0.9700 -0.2000 4.270 1.100 2.240
Dividend per Share - - - - - -
Announcement Date 11/8/21 11/8/22 2/24/23 4/15/23 8/7/23 11/3/23
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 15,775 11,625 12,303 15,124 13,081 14,727
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 20.34 x 3.064 x 3.917 x 4.245 x 3.488 x 3.363 x
Free Cash Flow 1 -4,720 5,031 165 -1,990 3,178 -898
ROE (net income / shareholders' equity) 5.62% 19.7% 16.1% 16.2% 15.6% 17.8%
ROA (Net income/ Total Assets) 1.26% 6.1% 5.38% 5.6% 5.52% 6.39%
Assets 1 68,726 51,491 51,716 52,116 53,531 56,087
Book Value Per Share 2 54.00 60.30 62.90 66.40 69.70 75.10
Cash Flow per Share 2 5.480 4.470 1.850 8.650 6.140 5.470
Capex 1 2.02 0.77 3.31 11.5 11.7 1.78
Capex / Sales 0.04% 0% 0.03% 0.08% 0.08% 0.01%
Announcement Date 3/15/19 3/17/20 3/12/21 3/9/22 2/24/23 2/29/24
1TWD in Million2TWD
Estimates
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