Financials Jetbest Corporation

Equities

4741

TW0004741004

Specialty Chemicals

End-of-day quote Taipei Exchange 06:00:00 2024-07-10 pm EDT 5-day change 1st Jan Change
40.05 TWD +0.88% Intraday chart for Jetbest Corporation +2.17% +11.56%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,133 985.2 896.6 873.6 826 1,179
Enterprise Value (EV) 1 997.2 869.5 736.1 764.4 639.7 891.7
P/E ratio 16 x 25.4 x 30 x 29.6 x 15.1 x 18 x
Yield 5.65% 5% 2.2% 3.01% 5.57% 5.01%
Capitalization / Revenue 1.61 x 1.39 x 1.53 x 1.39 x 1.14 x 1.82 x
EV / Revenue 1.42 x 1.23 x 1.26 x 1.21 x 0.88 x 1.37 x
EV / EBITDA 7.95 x 9.5 x 9.95 x 10.8 x 7.87 x 8.45 x
EV / FCF 25.7 x 21.9 x 10.7 x -16.2 x 7.94 x 6.84 x
FCF Yield 3.89% 4.57% 9.34% -6.16% 12.6% 14.6%
Price to Book 1.22 x 1.09 x 1.02 x 0.99 x 0.9 x 1.26 x
Nbr of stocks (in thousands) 32,842 32,842 32,842 32,842 32,842 32,842
Reference price 2 34.50 30.00 27.30 26.60 25.15 35.90
Announcement Date 3/29/19 3/31/20 3/29/21 3/28/22 3/25/23 3/21/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 701.8 707.2 584.8 630.2 724.5 648.6
EBITDA 1 125.4 91.55 73.94 70.65 81.23 105.5
EBIT 1 78.15 43.6 26.8 24.97 37.65 62.26
Operating Margin 11.14% 6.16% 4.58% 3.96% 5.2% 9.6%
Earnings before Tax (EBT) 1 87.98 47.02 34.4 28.08 56.61 68.47
Net income 1 70.99 38.85 29.99 29.67 55.13 66.2
Net margin 10.12% 5.49% 5.13% 4.71% 7.61% 10.21%
EPS 2 2.150 1.180 0.9100 0.9000 1.670 2.000
Free Cash Flow 1 38.83 39.77 68.75 -47.09 80.59 130.3
FCF margin 5.53% 5.62% 11.76% -7.47% 11.12% 20.1%
FCF Conversion (EBITDA) 30.96% 43.44% 92.98% - 99.21% 123.58%
FCF Conversion (Net income) 54.69% 102.36% 229.27% - 146.17% 196.89%
Dividend per Share 2 1.950 1.500 0.6000 0.8000 1.400 1.800
Announcement Date 3/29/19 3/31/20 3/29/21 3/28/22 3/25/23 3/21/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 136 116 161 109 186 287
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 38.8 39.8 68.8 -47.1 80.6 130
ROE (net income / shareholders' equity) 7.45% 4.3% 3.17% 2.42% 4.82% 5.99%
ROA (Net income/ Total Assets) 4.28% 2.39% 1.48% 1.36% 2.01% 3.33%
Assets 1 1,659 1,628 2,024 2,174 2,739 1,987
Book Value Per Share 2 28.20 27.40 26.70 27.00 27.80 28.40
Cash Flow per Share 2 6.310 7.220 7.940 7.010 8.490 11.70
Capex 1 23.7 7.72 10.5 95.3 3.04 11.6
Capex / Sales 3.37% 1.09% 1.79% 15.12% 0.42% 1.8%
Announcement Date 3/29/19 3/31/20 3/29/21 3/28/22 3/25/23 3/21/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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