Financials Transart Graphics Co., Ltd.

Equities

8481

TW0008481003

Commercial Printing Services

End-of-day quote Taiwan S.E. 06:00:00 2024-05-05 pm EDT 5-day change 1st Jan Change
51.7 TWD +0.58% Intraday chart for Transart Graphics Co., Ltd. +1.37% +1.17%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,277 3,930 4,755 4,955 3,710 3,403
Enterprise Value (EV) 1 2,451 3,276 3,460 3,954 2,798 2,574
P/E ratio 14.7 x 17.3 x 5.72 x 12.2 x 12.6 x 27.3 x
Yield 6.09% 5.08% 9.8% 8.74% 6.82% 3.91%
Capitalization / Revenue 2.88 x 3.18 x 3.46 x 3.17 x 2.54 x 3.42 x
EV / Revenue 2.15 x 2.65 x 2.51 x 2.53 x 1.92 x 2.59 x
EV / EBITDA 8.07 x 10 x 10.9 x 8.32 x 6.59 x 14.3 x
EV / FCF 12.6 x 177 x 18.2 x 38.7 x 13.4 x 28.2 x
FCF Yield 7.93% 0.57% 5.49% 2.59% 7.46% 3.54%
Price to Book 2.56 x 3.08 x 2.51 x 2.76 x 2.16 x 2.15 x
Nbr of stocks (in thousands) 66,544 66,602 66,602 66,602 66,602 66,602
Reference price 2 49.25 59.00 71.40 74.40 55.70 51.10
Announcement Date 3/26/19 3/30/20 3/29/21 3/28/22 3/25/23 3/13/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,139 1,235 1,376 1,565 1,458 993.7
EBITDA 1 303.8 326.4 316.8 475.3 424.4 180.1
EBIT 1 272.8 289.9 283.9 439.1 383.6 138.5
Operating Margin 23.95% 23.48% 20.63% 28.05% 26.31% 13.94%
Earnings before Tax (EBT) 1 287 290.3 1,045 528.2 438 154.9
Net income 1 223.4 227.9 832.9 406.4 295 124.9
Net margin 19.62% 18.46% 60.53% 25.97% 20.23% 12.57%
EPS 2 3.350 3.420 12.49 6.100 4.429 1.870
Free Cash Flow 1 194.3 18.53 190.1 102.2 208.6 91.23
FCF margin 17.06% 1.5% 13.82% 6.53% 14.31% 9.18%
FCF Conversion (EBITDA) 63.94% 5.68% 60.01% 21.5% 49.16% 50.65%
FCF Conversion (Net income) 86.96% 8.13% 22.83% 25.15% 70.73% 73.05%
Dividend per Share 2 3.000 3.000 7.000 6.500 3.800 2.000
Announcement Date 3/26/19 3/30/20 3/29/21 3/28/22 3/25/23 3/13/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 826 654 1,295 1,001 912 829
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 194 18.5 190 102 209 91.2
ROE (net income / shareholders' equity) 17.6% 17.8% 52.5% 22% 16.8% 7.56%
ROA (Net income/ Total Assets) 11.1% 11.3% 8.51% 11.5% 11.1% 4.5%
Assets 1 2,012 2,019 9,783 3,522 2,650 2,777
Book Value Per Share 2 19.20 19.10 28.50 27.00 25.80 23.80
Cash Flow per Share 2 12.40 9.890 19.50 15.30 13.90 12.60
Capex 1 20.5 315 91.5 54.6 41.4 37.3
Capex / Sales 1.8% 25.53% 6.65% 3.49% 2.84% 3.75%
Announcement Date 3/26/19 3/30/20 3/29/21 3/28/22 3/25/23 3/13/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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