Financials Yung Chi Paint & Varnish Mfg.Co.,Ltd

Equities

1726

TW0001726008

Commodity Chemicals

End-of-day quote Taiwan S.E. 06:00:00 2024-05-22 pm EDT 5-day change 1st Jan Change
82.5 TWD -0.72% Intraday chart for Yung Chi Paint & Varnish Mfg.Co.,Ltd +1.85% +9.13%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 11,421 11,389 11,551 11,972 11,389 12,247
Enterprise Value (EV) 1 9,038 9,133 9,159 10,086 9,649 9,663
P/E ratio 15.3 x 16.7 x 13.9 x 13.6 x 14 x 14.8 x
Yield 4.96% 4.55% 4.91% 4.74% 4.98% -
Capitalization / Revenue 1.42 x 1.43 x 1.45 x 1.35 x 1.17 x 1.31 x
EV / Revenue 1.12 x 1.15 x 1.15 x 1.14 x 0.99 x 1.03 x
EV / EBITDA 10.6 x 9.93 x 8.25 x 8.8 x 9.38 x 8.34 x
EV / FCF -28.8 x 29.7 x 21.5 x -51 x 73.9 x 8.26 x
FCF Yield -3.47% 3.37% 4.66% -1.96% 1.35% 12.1%
Price to Book 1.35 x 1.35 x 1.32 x 1.3 x 1.19 x 1.25 x
Nbr of stocks (in thousands) 162,000 162,000 162,000 162,000 162,000 162,000
Reference price 2 70.50 70.30 71.30 73.90 70.30 75.60
Announcement Date 3/26/19 3/26/20 3/26/21 3/15/22 3/16/23 3/11/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 8,042 7,940 7,988 8,866 9,736 9,354
EBITDA 1 855.3 919.4 1,110 1,146 1,029 1,159
EBIT 1 743.6 787.2 977.7 1,003 869.5 944.8
Operating Margin 9.25% 9.91% 12.24% 11.31% 8.93% 10.1%
Earnings before Tax (EBT) 1 885.4 853.5 1,042 1,064 1,040 1,043
Net income 1 746.1 682.8 830.5 882.2 814.5 831.2
Net margin 9.28% 8.6% 10.4% 9.95% 8.37% 8.89%
EPS 2 4.600 4.210 5.120 5.440 5.020 5.120
Free Cash Flow 1 -313.3 307.5 426.8 -197.8 130.6 1,170
FCF margin -3.9% 3.87% 5.34% -2.23% 1.34% 12.5%
FCF Conversion (EBITDA) - 33.44% 38.43% - 12.7% 100.93%
FCF Conversion (Net income) - 45.03% 51.38% - 16.04% 140.71%
Dividend per Share 2 3.500 3.200 3.500 3.500 3.500 -
Announcement Date 3/26/19 3/26/20 3/26/21 3/15/22 3/16/23 3/11/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,383 2,256 2,392 1,886 1,740 2,584
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -313 307 427 -198 131 1,170
ROE (net income / shareholders' equity) 8.93% 8.11% 9.67% 9.81% 8.67% 8.59%
ROA (Net income/ Total Assets) 4.67% 4.97% 6.09% 5.82% 4.8% 5.14%
Assets 1 15,988 13,748 13,635 15,147 16,978 16,172
Book Value Per Share 2 52.10 51.90 54.10 56.90 59.10 60.40
Cash Flow per Share 2 13.50 9.760 8.350 7.800 9.290 11.40
Capex 1 313 379 325 798 224 168
Capex / Sales 3.89% 4.78% 4.07% 9% 2.3% 1.8%
Announcement Date 3/26/19 3/26/20 3/26/21 3/15/22 3/16/23 3/11/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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