Financials ChenFull Precision Co., Ltd.

Equities

6829

TW0006829005

Industrial Machinery & Equipment

End-of-day quote Taipei Exchange Other stock markets 06:00:00 2024-06-27 pm EDT			5-day change	1st Jan Change
117 ^TWD	+0.43%		+1.74%	+7.83%

May. 14	ChenFull Precision Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 29	ChenFull Precision Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	5,460	4,343	6,420	6,923	-
Enterprise Value (EV) ¹	5,460	4,343	5,828	6,243	6,385
P/E ratio	20.8 x	-	-	-	-
Yield	-	-	-	3.85%	4.92%
Capitalization / Revenue	-	2.44 x	4.75 x	4.04 x	3.1 x
EV / Revenue	-	2.44 x	4.32 x	3.65 x	2.86 x
EV / EBITDA	-	9.79 x	15.5 x	12.6 x	9.85 x
EV / FCF	-	-	105 x	17.3 x	35.9 x
FCF Yield	-	-	0.95%	5.78%	2.79%
Price to Book	-	-	-	-	-
Nbr of stocks (in thousands)	53,790	59,169	59,169	59,169	-
Reference price ²	101.5	73.40	108.5	117.0	117.0
Announcement Date	3/24/22	3/25/23	2/29/24	-	-

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	1,783	1,350	1,712	2,231
EBITDA ¹	-	443.5	376	496	648
EBIT ¹	-	333.7	255.8	340	476
Operating Margin	-	18.71%	18.95%	19.86%	21.34%
Earnings before Tax (EBT)	-	-	-	-	-
Net income	256.4	-	-	-	-
Net margin	-	-	-	-	-
EPS	4.880	-	-	-	-
Free Cash Flow ¹	-	-	55.65	361	178
FCF margin	-	-	4.12%	21.09%	7.98%
FCF Conversion (EBITDA)	-	-	14.8%	72.78%	27.47%
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	-	-	4.510	5.760
Announcement Date	3/24/22	3/25/23	2/29/24	-	-

¹TWD in Million²TWD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	341.7	306.6	350.6	373.1	319.9	312.8	405	441	553	531	531
EBITDA	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	48.5	53.7	56.65	94.13	51.35	47.22	75	88	129	117	113
Operating Margin	14.19%	17.51%	16.16%	25.23%	16.05%	15.1%	18.52%	19.95%	23.33%	22.03%	21.28%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	3/25/23	5/11/23	8/14/23	11/10/23	2/29/24	5/14/24	-	-	-	-	-

¹TWD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	-	592	680	538
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	-	55.7	361	178
ROE (net income / shareholders' equity)	-	21.1%	10.9%	15.8%	18.9%
ROA (Net income/ Total Assets)	-	15.4%	8.58%	12.5%	15%
Assets	-	-	-	-	-
Book Value Per Share	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	14.2	101	58	79
Capex / Sales	-	0.8%	7.46%	3.39%	3.54%
Announcement Date	3/24/22	3/25/23	2/29/24	-	-

¹TWD in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for ChenFull Precision Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

117 TWD

Average target price

126 TWD

Spread / Average Target

+7.69%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Industrial Parts & Components

	1st Jan change	Capi.
CHENFULL PRECISION CO., LTD.	+7.83%	213M
TRELLEBORG AB	+22.16%	9.27B
MUELLER INDUSTRIES, INC.	+20.76%	6.47B
SFS GROUP AG	+14.59%	5.17B
MISUMI GROUP INC.	+15.11%	4.81B
GATES INDUSTRIAL CORPORATION PLC	+17.81%	4.13B
HARMONIC DRIVE SYSTEMS INC.	+9.38%	2.69B
SHANGHAI MOONS' ELECTRIC CO., LTD.	-38.91%	2.33B
HIWIN TECHNOLOGIES CORPORATION	-9.36%	2.32B
LEADER HARMONIOUS DRIVE SYSTEMS CO., LTD.	-46.51%	1.91B

Industrial Parts & Components