CHANG-HO FIBRE CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.65 TWD | -2.15% |
|
0.00% | -11.65% |
| 05-09 | Chang-Ho Fibre Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 04-29 | Chang-Ho Fibre Corporation Announces Executive Changes | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,644 | 1,612 | 2,406 | 2,109 | 2,157 | 2,478 |
| Enterprise Value (EV) 1 | 2,365 | 2,227 | 2,779 | 3,304 | 2,716 | 3,320 |
| P/E ratio | 42.7 x | 32.4 x | 57.9 x | 219 x | 58.5 x | 91 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.79 x | 1.6 x | 2.5 x | 1.85 x | 1.53 x | 2.35 x |
| EV / Revenue | 2.57 x | 2.21 x | 2.89 x | 2.9 x | 1.92 x | 3.15 x |
| EV / EBITDA | -813 x | -64.3 x | 171 x | 131 x | -36.4 x | -136 x |
| EV / FCF | -73.8 x | 16.1 x | 16 x | -3.61 x | 5.02 x | -8.9 x |
| FCF Yield | -1.35% | 6.23% | 6.25% | -27.7% | 19.9% | -11.2% |
| Price to Book | 1.6 x | 1.39 x | 1.96 x | 1.79 x | 1.81 x | 2.07 x |
| Nbr of stocks (in thousands) | 160,405 | 160,405 | 160,405 | 160,405 | 160,405 | 160,405 |
| Reference price 2 | 10.25 | 10.05 | 15.00 | 13.15 | 13.45 | 15.45 |
| Announcement Date | 4/1/19 | 3/27/20 | 3/30/21 | 3/29/22 | 3/29/23 | 3/15/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 921 | 1,010 | 961.8 | 1,140 | 1,412 | 1,053 |
| EBITDA 1 | -2.908 | -34.62 | 16.28 | 25.31 | -74.72 | -24.33 |
| EBIT 1 | -26.09 | -53.16 | -2.307 | -2.058 | -104 | -58.69 |
| Operating Margin | -2.83% | -5.27% | -0.24% | -0.18% | -7.36% | -5.57% |
| Earnings before Tax (EBT) 1 | 40.7 | 51.99 | 45.18 | 23.06 | 35.9 | 70.22 |
| Net income 1 | 38.7 | 50.19 | 41.53 | 9.647 | 37.03 | 27.24 |
| Net margin | 4.2% | 4.97% | 4.32% | 0.85% | 2.62% | 2.59% |
| EPS 2 | 0.2400 | 0.3100 | 0.2589 | 0.0600 | 0.2300 | 0.1698 |
| Free Cash Flow 1 | -32.03 | 138.6 | 173.5 | -914.8 | 541.3 | -373 |
| FCF margin | -3.48% | 13.73% | 18.04% | -80.27% | 38.32% | -35.42% |
| FCF Conversion (EBITDA) | - | - | 1,065.95% | - | - | - |
| FCF Conversion (Net income) | - | 276.23% | 417.91% | - | 1,461.8% | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/1/19 | 3/27/20 | 3/30/21 | 3/29/22 | 3/29/23 | 3/15/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 721 | 615 | 373 | 1,195 | 559 | 842 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -247.9 x | -17.76 x | 22.89 x | 47.22 x | -7.481 x | -34.59 x |
| Free Cash Flow 1 | -32 | 139 | 174 | -915 | 541 | -373 |
| ROE (net income / shareholders' equity) | 3.92% | 4.64% | 3.7% | 1.14% | 2.94% | 4.5% |
| ROA (Net income/ Total Assets) | -0.68% | -1.31% | -0.05% | -0.04% | -2.14% | -1.36% |
| Assets 1 | -5,697 | -3,825 | -78,652 | -23,645 | -1,727 | -2,006 |
| Book Value Per Share 2 | 6.420 | 7.240 | 7.660 | 7.330 | 7.440 | 7.480 |
| Cash Flow per Share 2 | 2.240 | 2.670 | 4.510 | 2.590 | 1.140 | 1.040 |
| Capex 1 | 14.2 | 24.5 | 129 | 20.2 | 35.9 | 46.5 |
| Capex / Sales | 1.54% | 2.43% | 13.44% | 1.77% | 2.54% | 4.42% |
| Announcement Date | 4/1/19 | 3/27/20 | 3/30/21 | 3/29/22 | 3/29/23 | 3/15/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -11.65% | 69.34M | |
| +30.90% | 8.1B | |
| -1.55% | 3.42B | |
| +5.10% | 2.43B | |
| +5.44% | 2.27B | |
| +16.83% | 2.26B | |
| +31.00% | 1.79B | |
| +8.04% | 1.77B | |
| +11.50% | 1.76B | |
| -1.34% | 1.7B |
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