Financials HD Renewable Energy Co., LTD. Taipei Exchange

Equities

6873

TW0006873003

Renewable Energy Equipment & Services

End-of-day quote Taipei Exchange 06:00:00 2023-03-05 pm EST 5-day change 1st Jan Change
121 TWD -22.19% Intraday chart for HD Renewable Energy Co., LTD. -7.98% +30.11%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 5,005 7,905 13,050 26,806 -
Enterprise Value (EV) 1 5,005 7,905 11,512 25,198 24,452
P/E ratio - - 15.9 x 22.6 x 16.6 x
Yield - - 3.13% 2.43% 3.15%
Capitalization / Revenue 1.87 x 1.56 x 2.23 x 2.51 x 1.62 x
EV / Revenue 1.87 x 1.56 x 1.97 x 2.36 x 1.48 x
EV / EBITDA - - 10.8 x 14.3 x 9.26 x
EV / FCF - - -3.45 x 42 x 16.9 x
FCF Yield - - -29% 2.38% 5.91%
Price to Book - - 2.36 x 4.41 x 4.04 x
Nbr of stocks (in thousands) 70,000 85,000 100,000 101,347 -
Reference price 2 71.50 93.00 130.5 264.5 264.5
Announcement Date 3/31/22 3/14/23 3/13/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 - 2,680 5,060 5,839 10,659 16,572
EBITDA 1 - - - 1,069 1,765 2,640
EBIT 1 - 222.7 845.3 991.2 1,652 2,482
Operating Margin - 8.31% 16.7% 16.98% 15.49% 14.98%
Earnings before Tax (EBT) 1 - - - 1,003 1,472 2,006
Net income 1 191.3 - - 815.4 1,172 1,596
Net margin - - - 13.96% 11% 9.63%
EPS 2 3.740 - - 8.200 11.72 15.96
Free Cash Flow 1 - - - -3,341 600 1,444
FCF margin - - - -57.22% 5.63% 8.72%
FCF Conversion (EBITDA) - - - - 33.99% 54.71%
FCF Conversion (Net income) - - - - 51.19% 90.51%
Dividend per Share 2 - - - 4.080 6.420 8.340
Announcement Date 10/18/21 3/31/22 3/14/23 3/13/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 598.4 1,447 - 2,818 883.6 1,272 4,185 4,720 3,470 4,720
EBITDA 1 - - - 646.3 118.7 365 307 685 - -
EBIT 1 94.72 168.7 - 622.8 91.01 166 747 839 605 740
Operating Margin 15.83% 11.66% - 22.1% 10.3% 13.05% 17.85% 17.78% 17.44% 15.68%
Earnings before Tax (EBT) - - - 611 57.38 - - - - -
Net income - - 92.59 502.6 46.84 - - - - -
Net margin - - - 17.83% 5.3% - - - - -
EPS - - 0.9200 4.980 0.4600 - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 5/12/23 8/10/23 11/14/23 3/13/24 5/14/24 - - - - -
1TWD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - -
Net Cash position 1 - - - 1,538 1,608 2,354
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - - -3,341 600 1,445
ROE (net income / shareholders' equity) - - - 18.4% 21.2% 26.6%
ROA (Net income/ Total Assets) - - - 8.5% 10.3% 13.4%
Assets 1 - - - 9,593 11,379 11,955
Book Value Per Share 2 - - - 55.30 60.00 65.40
Cash Flow per Share 2 - - - -17.70 5.630 17.10
Capex 1 - - - 1,564 1,000 580
Capex / Sales - - - 26.78% 9.38% 3.5%
Announcement Date 10/18/21 3/31/22 3/14/23 3/13/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
264.5 TWD
Average target price
256 TWD
Spread / Average Target
-3.21%
Consensus
  1. Stock Market
  2. Equities
  3. 6873 Stock
  4. 6873 Stock
  5. Financials HD Renewable Energy Co., LTD.