Financials China Man-Made Fiber Corporation

Equities

1718

TW0001718005

Commodity Chemicals

End-of-day quote Taiwan S.E. 18:00:00 2024-06-27 EDT 5-day change 1st Jan Change
8.15 TWD +0.99% Intraday chart for China Man-Made Fiber Corporation +0.99% -0.24%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 12,359 10,710 14,449 13,618 11,552 10,962
Enterprise Value (EV) 1 23,379 28,714 18,049 14,935 19,195 30,245
P/E ratio 9.03 x -14.6 x 15.3 x 2,390 x -8.52 x -6.91 x
Yield 0.98% - 0.89% - - -
Capitalization / Revenue 0.3 x 0.3 x 0.52 x 0.42 x 0.34 x 0.29 x
EV / Revenue 0.57 x 0.81 x 0.66 x 0.46 x 0.56 x 0.8 x
EV / EBITDA 2.26 x 3.13 x 2.4 x 1.77 x 1.88 x 1.85 x
EV / FCF 8.52 x 5.22 x 0.73 x 2.66 x -1.09 x 2.27 x
FCF Yield 11.7% 19.1% 137% 37.7% -91.5% 44.1%
Price to Book 0.55 x 0.49 x 0.63 x 0.58 x 0.53 x 0.52 x
Nbr of stocks (in thousands) 1,341,998 1,341,998 1,341,681 1,341,669 1,341,680 1,341,680
Reference price 2 9.209 7.981 10.77 10.15 8.610 8.170
Announcement Date 3/29/19 3/26/20 3/31/21 3/16/22 3/15/23 3/13/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 41,024 35,474 27,539 32,625 34,001 37,893
EBITDA 1 10,363 9,183 7,527 8,428 10,204 16,360
EBIT 1 9,514 8,204 6,538 7,516 9,302 15,436
Operating Margin 23.19% 23.13% 23.74% 23.04% 27.36% 40.74%
Earnings before Tax (EBT) 1 5,145 3,116 4,921 4,671 4,106 5,049
Net income 1 1,372 -729.8 942 5.699 -1,352 -1,587
Net margin 3.34% -2.06% 3.42% 0.02% -3.98% -4.19%
EPS 2 1.020 -0.5481 0.7019 0.004246 -1.010 -1.183
Free Cash Flow 1 2,745 5,496 24,640 5,623 -17,558 13,325
FCF margin 6.69% 15.49% 89.47% 17.24% -51.64% 35.17%
FCF Conversion (EBITDA) 26.49% 59.85% 327.34% 66.72% - 81.45%
FCF Conversion (Net income) 200.06% - 2,615.54% 98,673.9% - -
Dividend per Share 2 0.0903 - 0.0962 - - -
Announcement Date 3/29/19 3/26/20 3/31/21 3/16/22 3/15/23 3/13/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 11,020 18,004 3,600 1,317 7,643 19,283
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.063 x 1.96 x 0.4782 x 0.1562 x 0.749 x 1.179 x
Free Cash Flow 1 2,745 5,496 24,640 5,623 -17,558 13,325
ROE (net income / shareholders' equity) 7.9% 4.34% 6.38% 5.57% 3.81% 4.68%
ROA (Net income/ Total Assets) 0.84% 0.72% 0.55% 0.6% 0.71% 1.11%
Assets 1 162,988 -101,965 170,045 949 -190,378 -142,961
Book Value Per Share 2 16.70 16.40 17.10 17.40 16.40 15.60
Cash Flow per Share 2 14.00 10.80 10.90 15.40 21.00 21.60
Capex 1 903 2,171 2,467 2,025 3,034 2,434
Capex / Sales 2.2% 6.12% 8.96% 6.21% 8.92% 6.42%
Announcement Date 3/29/19 3/26/20 3/31/21 3/16/22 3/15/23 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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