Financials Grand Pacific Petrochemical Corporation

Equities

1312

TW0001312007

Commodity Chemicals

End-of-day quote Taiwan S.E. 18:00:00 2024-05-02 EDT 5-day change 1st Jan Change
13.45 TWD -0.37% Intraday chart for Grand Pacific Petrochemical Corporation +1.13% -11.51%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 19,804 16,859 21,526 26,020 17,090 16,821
Enterprise Value (EV) 1 14,693 10,063 13,683 20,210 27,044 28,622
P/E ratio 6.72 x 8.19 x 5.27 x 4.45 x -33.8 x -9.56 x
Yield - - 0.42% 6.97% 2.65% -
Capitalization / Revenue 0.8 x 0.82 x 1.3 x 1.15 x 0.94 x 1.07 x
EV / Revenue 0.59 x 0.49 x 0.83 x 0.9 x 1.49 x 1.82 x
EV / EBITDA 4.09 x 4.49 x 5.51 x 5.71 x -137 x -57 x
EV / FCF 5.86 x 3.2 x 6.32 x -4.67 x -2.28 x -7.66 x
FCF Yield 17.1% 31.2% 15.8% -21.4% -43.9% -13%
Price to Book 0.88 x 0.7 x 0.77 x 0.74 x 0.52 x 0.51 x
Nbr of stocks (in thousands) 906,373 906,373 906,373 906,620 906,620 1,106,620
Reference price 2 21.85 18.60 23.75 28.70 18.85 15.20
Announcement Date 19-03-29 20-03-30 21-03-30 22-03-31 23-03-25 24-03-15
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 24,741 20,468 16,576 22,547 18,177 15,719
EBITDA 1 3,595 2,243 2,484 3,541 -197.4 -502.1
EBIT 1 2,739 1,370 1,757 2,913 -787.1 -1,092
Operating Margin 11.07% 6.69% 10.6% 12.92% -4.33% -6.95%
Earnings before Tax (EBT) 1 4,057 2,741 5,109 7,357 -15.61 -1,755
Net income 1 2,960 2,070 4,109 5,881 -493.8 -1,438
Net margin 11.96% 10.11% 24.79% 26.08% -2.72% -9.15%
EPS 2 3.250 2.270 4.510 6.450 -0.5579 -1.590
Free Cash Flow 1 2,506 3,143 2,164 -4,326 -11,883 -3,735
FCF margin 10.13% 15.36% 13.05% -19.19% -65.37% -23.76%
FCF Conversion (EBITDA) 69.71% 140.15% 87.09% - - -
FCF Conversion (Net income) 84.67% 151.82% 52.66% - - -
Dividend per Share - - 0.1000 2.000 0.5000 -
Announcement Date 19-03-29 20-03-30 21-03-30 22-03-31 23-03-25 24-03-15
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
Net sales 1 5,650 5,730 4,537 - 4,198 3,941 4,218
EBITDA - - - - - - -
EBIT 1 649.7 328.3 162.4 - -524.1 -398.3 -179.7
Operating Margin 11.5% 5.73% 3.58% - -12.48% -10.11% -4.26%
Earnings before Tax (EBT) 1 1,775 1,065 743.8 - -634.4 -334.4 -155.2
Net income 1 1,456 836.4 588.5 -171.7 -623.9 -286.7 -137.8
Net margin 25.76% 14.6% 12.97% - -14.86% -7.27% -3.27%
EPS 2 1.600 0.9100 0.6400 -0.1900 -0.6900 -0.3200 -0.1600
Dividend per Share - - - - - - -
Announcement Date 21-11-11 22-03-31 22-05-12 22-08-12 22-11-11 23-03-25 23-05-15
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 9,954 11,801
Net Cash position 1 5,111 6,796 7,844 5,810 - -
Leverage (Debt/EBITDA) - - - - -50.42 x -23.51 x
Free Cash Flow 1 2,506 3,143 2,164 -4,326 -11,883 -3,735
ROE (net income / shareholders' equity) 12.8% 8.23% 14.8% 17.3% -1.21% -4.01%
ROA (Net income/ Total Assets) 5.92% 2.79% 3.24% 4.27% -0.89% -1.12%
Assets 1 50,028 74,148 126,870 137,674 55,354 128,890
Book Value Per Share 2 24.90 26.70 30.90 38.90 35.90 29.90
Cash Flow per Share 2 3.010 3.750 5.780 7.760 6.930 4.270
Capex 1 536 294 349 6,094 12,031 3,919
Capex / Sales 2.17% 1.44% 2.1% 27.03% 66.19% 24.93%
Announcement Date 19-03-29 20-03-30 21-03-30 22-03-31 23-03-25 24-03-15
1TWD in Million2TWD
Estimates
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