HOTA INDUSTRIAL MFG. CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 54.8 TWD | +0.74% |
|
+5.59% | -8.21% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 29,320 | 26,597 | 25,520 | 18,728 | 16,687 | 15,318 | - |
| Enterprise Value (EV) 1 | 35,919 | 33,533 | 32,431 | 28,763 | 25,880 | 26,285 | 26,577 |
| P/E ratio | 45.3 x | 93.3 x | 74.2 x | 30 x | 51 x | 46.4 x | 29.1 x |
| Yield | 1.74% | 1.05% | 1.5% | 2.39% | 1.68% | 2.53% | 3.15% |
| Capitalization / Revenue | 4.91 x | 5.56 x | 3.82 x | 2.55 x | 2.53 x | 2.17 x | 1.97 x |
| EV / Revenue | 6.02 x | 7 x | 4.85 x | 3.92 x | 3.92 x | 3.72 x | 3.41 x |
| EV / EBITDA | 25 x | 32.1 x | 31.4 x | 24.3 x | 22.9 x | 14.7 x | 13.3 x |
| EV / FCF | -18.7 x | -56.4 x | -30.4 x | -18.6 x | -1,166 x | -93.5 x | 263 x |
| FCF Yield | -5.35% | -1.77% | -3.29% | -5.37% | -0.09% | -1.07% | 0.38% |
| Price to Book | 4.47 x | 4.19 x | 2.96 x | 2.12 x | 1.91 x | 1.66 x | 1.63 x |
| Nbr of stocks (in thousands) | 254,957 | 254,518 | 279,518 | 279,518 | 279,518 | 279,518 | - |
| Reference price 2 | 115.0 | 104.5 | 91.30 | 67.00 | 59.70 | 54.80 | 54.80 |
| Announcement Date | 20-03-19 | 21-03-24 | 22-03-18 | 23-03-16 | 24-03-15 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,968 | 4,787 | 6,686 | 7,339 | 6,599 | 7,072 | 7,788 |
| EBITDA 1 | 1,435 | 1,044 | 1,033 | 1,186 | 1,132 | 1,793 | 1,995 |
| EBIT 1 | 818.5 | 455.9 | 451.6 | 538.9 | 415.6 | 640.3 | 785 |
| Operating Margin | 13.71% | 9.52% | 6.75% | 7.34% | 6.3% | 9.05% | 10.08% |
| Earnings before Tax (EBT) 1 | 744.9 | 317.7 | 403.8 | 768.5 | 362.6 | 411 | 656 |
| Net income 1 | 649.1 | 286.1 | 341.8 | 624 | 327.2 | 329 | 524 |
| Net margin | 10.88% | 5.98% | 5.11% | 8.5% | 4.96% | 4.65% | 6.73% |
| EPS 2 | 2.540 | 1.120 | 1.230 | 2.230 | 1.170 | 1.180 | 1.880 |
| Free Cash Flow 1 | -1,920 | -594.3 | -1,066 | -1,546 | -22.19 | -281 | 101 |
| FCF margin | -32.18% | -12.41% | -15.95% | -21.06% | -0.34% | -3.97% | 1.3% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 5.06% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 19.27% |
| Dividend per Share 2 | 2.000 | 1.100 | 1.365 | 1.600 | 1.000 | 1.385 | 1.725 |
| Announcement Date | 20-03-19 | 21-03-24 | 22-03-18 | 23-03-16 | 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 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,758 | 1,679 | 1,585 | 1,930 | 2,019 | 1,805 | 1,714 | 1,782 | - | 1,539 | 1,622 | 1,718 | 1,778 | 1,872 |
| EBITDA 1 | 358.1 | - | - | - | 421.2 | 358.7 | 318.4 | 372 | 247.9 | 193.3 | 324 | 349 | 379 | 410 |
| EBIT 1 | 211.4 | -4.492 | -52.07 | 144.8 | 255.6 | 190.5 | 145.9 | 193.3 | - | 20.09 | 88 | 114 | 143 | 174 |
| Operating Margin | 12.03% | -0.27% | -3.29% | 7.5% | 12.66% | 10.56% | 8.51% | 10.85% | - | 1.3% | 5.43% | 6.64% | 8.04% | 9.29% |
| Earnings before Tax (EBT) 1 | 220.6 | 20.01 | 34.75 | 220.6 | 409.5 | 103.6 | 104.8 | 230.1 | - | -118.8 | 61 | 87 | 116 | 147 |
| Net income 1 | 182.8 | 15.38 | 27.11 | 186 | 326.1 | 84.68 | 82.61 | 215.4 | - | -83.42 | 49 | 69 | 93 | 118 |
| Net margin | 10.4% | 0.92% | 1.71% | 9.64% | 16.15% | 4.69% | 4.82% | 12.09% | - | -5.42% | 3.02% | 4.02% | 5.23% | 6.3% |
| EPS 2 | 0.6500 | 0.0500 | 0.1000 | 0.6700 | 1.170 | 0.3000 | 0.3000 | 0.7700 | - | -0.3000 | 0.1700 | 0.2500 | 0.3300 | 0.4200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-11-15 | 22-03-18 | 22-05-13 | 22-08-12 | 22-11-10 | 23-03-16 | 23-05-15 | 23-08-14 | 23-11-13 | 24-03-15 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,599 | 6,936 | 6,912 | 10,036 | 9,193 | 10,967 | 11,259 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.599 x | 6.644 x | 6.691 x | 8.462 x | 8.125 x | 6.116 x | 5.645 x |
| Free Cash Flow 1 | -1,920 | -594 | -1,066 | -1,546 | -22.2 | -281 | 101 |
| ROE (net income / shareholders' equity) | 9.7% | 4.43% | 4.57% | 7.14% | 3.72% | 5.15% | 6.63% |
| ROA (Net income/ Total Assets) | 3.97% | 1.61% | 1.73% | 2.83% | 1.45% | 1.4% | 2.2% |
| Assets 1 | 16,366 | 17,753 | 19,728 | 22,015 | 22,627 | 23,500 | 23,818 |
| Book Value Per Share 2 | 25.70 | 25.00 | 30.80 | 31.70 | 31.20 | 32.90 | 33.60 |
| Cash Flow per Share 2 | 1.220 | 4.210 | 1.860 | -0.5400 | 3.050 | 4.000 | 3.930 |
| Capex 1 | 2,232 | 1,690 | 1,582 | 1,395 | 874 | 1,500 | 1,100 |
| Capex / Sales | 37.4% | 35.3% | 23.66% | 19% | 13.25% | 21.21% | 14.12% |
| Announcement Date | 20-03-19 | 21-03-24 | 22-03-18 | 23-03-16 | 24-03-15 | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
54.8
TWD
Average target price
56.5
TWD
Spread / Average Target
+3.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.21% | 470M | |
| +22.57% | 40.16B | |
| +69.04% | 10.97B | |
| +60.03% | 4.99B | |
| -16.30% | 2.81B | |
| +6.41% | 2.75B | |
| +0.83% | 2.2B | |
| +96.53% | 2.06B | |
| -6.37% | 1.33B | |
| -8.16% | 1.12B |
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