TXC CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 111.5 TWD | -0.45% |
|
+4.69% | +13.08% |
| Apr. 15 | TXC Corporation announced a financing transaction | CI |
| Mar. 13 | TXC Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,652 | 23,201 | 32,679 | 25,617 | 30,542 | 34,538 | - |
| Enterprise Value (EV) 1 | 13,750 | 22,810 | 32,412 | 24,813 | 28,462 | 31,511 | 31,260 |
| P/E ratio | 21.9 x | 16.2 x | 10.6 x | 9.53 x | 17.8 x | 15.1 x | 13.6 x |
| Yield | 5.29% | 5.07% | 7.11% | - | 4.56% | 4.77% | 5.26% |
| Capitalization / Revenue | 1.74 x | 2.1 x | 2.14 x | 1.95 x | 2.81 x | 2.78 x | 2.54 x |
| EV / Revenue | 1.63 x | 2.06 x | 2.13 x | 1.88 x | 2.62 x | 2.53 x | 2.3 x |
| EV / EBITDA | 9.82 x | 9.24 x | 7.15 x | 6.11 x | 9.19 x | 6.76 x | 7.35 x |
| EV / FCF | 15.3 x | 116 x | 24.3 x | 11.8 x | 12.1 x | 13.3 x | 12.8 x |
| FCF Yield | 6.52% | 0.86% | 4.11% | 8.5% | 8.24% | 7.51% | 7.82% |
| Price to Book | 1.68 x | 2.4 x | 2.56 x | 2.05 x | 2.57 x | 2.68 x | 2.49 x |
| Nbr of stocks (in thousands) | 309,757 | 309,757 | 309,757 | 309,757 | 309,757 | 309,758 | - |
| Reference price 2 | 47.30 | 74.90 | 105.5 | 82.70 | 98.60 | 111.5 | 111.5 |
| Announcement Date | 3/29/20 | 3/28/21 | 3/25/22 | 3/15/23 | 3/13/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,431 | 11,048 | 15,245 | 13,170 | 10,850 | 12,441 | 13,591 |
| EBITDA 1 | 1,400 | 2,467 | 4,531 | 4,060 | 3,097 | 4,659 | 4,255 |
| EBIT 1 | 632.1 | 1,618 | 3,475 | 2,811 | 1,869 | 2,444 | 2,808 |
| Operating Margin | 7.5% | 14.64% | 22.79% | 21.35% | 17.23% | 19.64% | 20.66% |
| Earnings before Tax (EBT) 1 | 764.6 | 1,709 | 3,697 | 3,373 | 2,063 | 2,750 | 3,060 |
| Net income 1 | 671.8 | 1,429 | 3,117 | 2,806 | 1,714 | 2,284 | 2,547 |
| Net margin | 7.97% | 12.94% | 20.45% | 21.3% | 15.79% | 18.36% | 18.74% |
| EPS 2 | 2.160 | 4.610 | 9.910 | 8.680 | 5.530 | 7.372 | 8.222 |
| Free Cash Flow 1 | 896.8 | 196.9 | 1,331 | 2,108 | 2,344 | 2,365 | 2,443 |
| FCF margin | 10.64% | 1.78% | 8.73% | 16.01% | 21.6% | 19.01% | 17.98% |
| FCF Conversion (EBITDA) | 64.07% | 7.98% | 29.38% | 51.92% | 75.68% | 50.76% | 57.41% |
| FCF Conversion (Net income) | 133.5% | 13.77% | 42.71% | 75.14% | 136.77% | 103.57% | 95.92% |
| Dividend per Share 2 | 2.500 | 3.800 | 7.500 | - | 4.500 | 5.324 | 5.862 |
| Announcement Date | 3/29/20 | 3/28/21 | 3/25/22 | 3/15/23 | 3/13/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,103 | 3,490 | 3,217 | 3,514 | 3,432 | 3,007 | 2,298 | 2,426 | 3,086 | 3,040 | 2,656 | 2,906 | 3,349 | 3,530 |
| EBITDA 1 | 1,272 | 997.6 | - | 1,114 | 1,039 | 941.6 | 661.2 | 657.2 | 845.6 | 933.2 | 1,267 | 1,334 | 1,479 | 1,579 |
| EBIT 1 | 1,007 | 717.2 | 667.4 | 800.7 | 719.8 | 623.2 | 345.4 | 355.2 | 550.1 | 618.3 | 477 | 549.8 | 691.5 | 725 |
| Operating Margin | 24.53% | 20.55% | 20.75% | 22.79% | 20.98% | 20.72% | 15.03% | 14.64% | 17.83% | 20.33% | 17.96% | 18.91% | 20.65% | 20.54% |
| Earnings before Tax (EBT) 1 | 1,084 | 784.6 | 811.4 | 1,031 | 1,047 | 483.6 | 351.1 | 496.3 | 721.2 | 494.7 | 533 | 608.5 | 753.5 | 855 |
| Net income 1 | 878.5 | 686.4 | 670.3 | 840.1 | 852.5 | 442.6 | 286.8 | 420.7 | 598.3 | 408 | 445 | 506.8 | 627.5 | 704.2 |
| Net margin | 21.41% | 19.67% | 20.84% | 23.91% | 24.84% | 14.72% | 12.48% | 17.34% | 19.39% | 13.42% | 16.76% | 17.44% | 18.74% | 19.95% |
| EPS 2 | 2.820 | 2.140 | 2.090 | 2.630 | 2.640 | 1.370 | 0.9000 | 1.320 | 1.870 | 1.310 | 1.435 | 1.638 | 2.025 | 2.275 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/12/21 | 3/25/22 | 5/13/22 | 8/11/22 | 11/11/22 | 3/15/23 | 5/11/23 | 8/10/23 | 11/10/23 | 3/13/24 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 901 | 390 | 268 | 804 | 2,080 | 3,027 | 3,279 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 897 | 197 | 1,331 | 2,108 | 2,344 | 2,365 | 2,443 |
| ROE (net income / shareholders' equity) | 7.7% | 9.54% | 27.8% | 22.2% | 14.1% | 17.6% | 18.8% |
| ROA (Net income/ Total Assets) | 5.18% | 9.54% | 16.7% | 13.8% | 8.86% | 11% | 11.9% |
| Assets 1 | 12,966 | 14,985 | 18,703 | 20,327 | 19,337 | 20,696 | 21,403 |
| Book Value Per Share 2 | 28.10 | 31.20 | 41.20 | 40.30 | 38.30 | 41.70 | 44.70 |
| Cash Flow per Share 2 | - | 6.130 | 11.50 | 10.30 | 9.450 | 16.60 | - |
| Capex 1 | 767 | 1,703 | 2,297 | 1,242 | 710 | 1,235 | 1,100 |
| Capex / Sales | 9.09% | 15.42% | 15.06% | 9.43% | 6.54% | 9.93% | 8.09% |
| Announcement Date | 3/29/20 | 3/28/21 | 3/25/22 | 3/15/23 | 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
OUTPERFORM
Number of Analysts
4
Last Close Price
111.5
TWD
Average target price
103.2
TWD
Spread / Average Target
-7.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.08% | 1.07B | |
| +23.72% | 73.66B | |
| +49.28% | 66.97B | |
| -6.52% | 34.57B | |
| -15.24% | 28.96B | |
| -7.99% | 14.14B | |
| -11.85% | 10.07B | |
| +8.41% | 9.77B | |
| +76.30% | 8.8B | |
| +75.39% | 8.49B |
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- Financials TXC Corporation
