Financials Changs Ascending Enterprise Co., Ltd.

Equities

8038

TW0008038001

Electrical Components & Equipment

End-of-day quote Taipei Exchange 18:00:00 2024-04-29 EDT 5-day change 1st Jan Change
31.1 TWD +9.89% Intraday chart for Changs Ascending Enterprise Co., Ltd. +11.87% -15.83%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,550 2,542 2,369 2,552 2,228 2,301
Enterprise Value (EV) 1 3,875 2,748 2,670 2,910 2,680 2,595
P/E ratio -23.1 x -82.6 x -40 x -21 x -91.1 x 288,672 x
Yield - - - - - -
Capitalization / Revenue 45.1 x 7.75 x 16.3 x 38.5 x 10.7 x 6.91 x
EV / Revenue 49.2 x 8.38 x 18.4 x 43.9 x 12.9 x 7.79 x
EV / EBITDA -56.9 x -1,090 x -52.1 x -31.2 x -517 x 103 x
EV / FCF -32.9 x 14.6 x -41.6 x -200 x -31.9 x 52.1 x
FCF Yield -3.04% 6.86% -2.4% -0.5% -3.14% 1.92%
Price to Book 7.76 x 4.15 x 4.39 x 6.08 x 5.6 x 4.61 x
Nbr of stocks (in thousands) 56,253 59,812 59,218 59,218 59,258 62,278
Reference price 2 63.10 42.50 40.00 43.10 37.60 36.95
Announcement Date 19-03-11 20-03-30 21-03-26 22-03-25 23-03-31 24-04-01
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 78.73 327.9 145.3 66.3 207.4 333
EBITDA 1 -68.06 -2.521 -51.19 -93.38 -5.186 25.2
EBIT 1 -91.06 -26.52 -77.86 -120.3 -28.4 2.5
Operating Margin -115.66% -8.09% -53.6% -181.42% -13.69% 0.75%
Earnings before Tax (EBT) 1 -157.3 -27.98 -62.64 -126.8 -28.38 1.861
Net income 1 -153.5 -30.16 -59.37 -121.3 -24.46 0.008
Net margin -194.95% -9.2% -40.87% -182.98% -11.79% 0%
EPS 2 -2.729 -0.5148 -1.000 -2.050 -0.4127 0.000128
Free Cash Flow 1 -117.6 188.6 -64.2 -14.52 -84.13 49.85
FCF margin -149.43% 57.51% -44.2% -21.9% -40.57% 14.97%
FCF Conversion (EBITDA) - - - - - 197.84%
FCF Conversion (Net income) - - - - - 623,085.94%
Dividend per Share - - - - - -
Announcement Date 19-03-11 20-03-30 21-03-26 22-03-25 23-03-31 24-04-01
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 Q3
Net sales 1 102.8 138.1 29.21
EBITDA - - -
EBIT 1 12.33 15.67 -16.7
Operating Margin 12% 11.34% -57.17%
Earnings before Tax (EBT) - - -
Net income - - -
Net margin - - -
EPS - - -
Dividend per Share - - -
Announcement Date 23-05-15 23-08-11 23-11-13
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 326 206 301 358 452 294
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -4.784 x -81.64 x -5.876 x -3.834 x -87.2 x 11.66 x
Free Cash Flow 1 -118 189 -64.2 -14.5 -84.1 49.8
ROE (net income / shareholders' equity) -26.7% -4.66% -9.76% -23.4% -6.1% 0.37%
ROA (Net income/ Total Assets) -5.36% -1.43% -3.97% -6.91% -1.69% 0.14%
Assets 1 2,865 2,108 1,497 1,756 1,449 5.63
Book Value Per Share 2 8.140 10.20 9.120 7.090 6.710 8.010
Cash Flow per Share 2 2.180 5.860 1.660 2.790 2.320 3.890
Capex 1 0.24 2.08 2.58 1.06 1.73 2.11
Capex / Sales 0.3% 0.64% 1.78% 1.6% 0.83% 0.63%
Announcement Date 19-03-11 20-03-30 21-03-26 22-03-25 23-03-31 24-04-01
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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