XTAI1810
Market cap149mUSD
Dec 24, Last price
16.15TWD
1D
1.89%
1Q
-15.00%
Jan 2017
40.92%
Name
Hocheng Corp
Chart & Performance
Profile
Hocheng Corporation, together with its subsidiaries, provides bathroom products in Taiwan and internationally. It offers sanitary ceramics and its attachments, tiles, ceramic toys, sand wheels, fine ceramics, electronic ceramics, voltage insulators, bricks, ceramic table wares, ceramic containers, artistic ceramic products, refractory materials, heat insulating materials, and other kiln ceramics; and bathroom appliances, including cosmetic mirrors, paper towel holders, soap dishes, mug holders, towel rings/racks, clothes hooks, makeup plates, ashtrays, etc. The company also provides water-supply copper wares, milling tubes, vanishes, enamel products, and other fabrication accessories; electric water heaters, water boilers, water dispensers, water flushers, water filters, bathroom dryers, air purifiers, sauna heaters, hand dryers, automatic toilet cover devices, dehydrators, and gas water heaters; fire doors, partition walls, tile walls, door windows, etc.; and reservoirs, bathtubs, toilet covers, modular bathrooms, and glass fiber products. It offers industrial furnaces, such as batch furnaces, continuous furnaces, semi-continuous furnaces, and its components; and controlling/testing instruments and sensor components. The company also constructs, leases, and sells public housing and commercial buildings; manufactures and trades pre-cast concrete and curtain wall products; and offers display, introduction, and sales services for domestic and foreign art and folk crafts. It imports and exports trade and related interbank endorsement/guarantees; imports, exports, installs, and sells wood and plastic kitchen appliances, and related components; imports, exports, wholesales, and retails watches, perfumes, and departmental merchandises; designs and constructs interior decoration; and trades in materials, bathroom equipment, artistic ceiling fans, and lighting fixtures products. The company was founded in 1931 and is headquartered in Taipei, Taiwan.
Valuation
Title TWD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 4,870,787 -2.67% | 5,004,444 -5.81% | 5,313,319 4.14% | |||||||
Cost of revenue | 4,876,395 | 4,884,899 | 5,246,746 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | (5,608) | 119,545 | 66,573 | |||||||
NOPBT Margin | 2.39% | 1.25% | ||||||||
Operating Taxes | 44,106 | 92,098 | 233,311 | |||||||
Tax Rate | 77.04% | 350.46% | ||||||||
NOPAT | (49,714) | 27,447 | (166,738) | |||||||
Net income | 19,347 -87.70% | 157,290 -90.99% | 1,745,927 1,911.60% | |||||||
Dividends | (60,470) | (73,623) | (73,971) | |||||||
Dividend yield | 1.10% | 1.15% | 1.12% | |||||||
Proceeds from repurchase of equity | (662,615) | |||||||||
BB yield | 10.33% | |||||||||
Debt | ||||||||||
Debt current | 1,015,598 | 1,278,682 | 1,834,750 | |||||||
Long-term debt | 215,240 | 643,415 | 753,869 | |||||||
Deferred revenue | 26,984 | |||||||||
Other long-term liabilities | 23,525 | 23,632 | 23,682 | |||||||
Net debt | (1,508,823) | 243,858 | (951,298) | |||||||
Cash flow | ||||||||||
Cash from operating activities | 1,260,744 | 105,134 | 204,689 | |||||||
CAPEX | (109,155) | (249,093) | (87,866) | |||||||
Cash from investing activities | 166,399 | (214,672) | 1,833,301 | |||||||
Cash from financing activities | (735,178) | (1,410,994) | (900,512) | |||||||
FCF | 516,808 | (259,476) | 27,866 | |||||||
Balance | ||||||||||
Cash | 1,522,612 | 983,657 | 2,436,812 | |||||||
Long term investments | 1,217,049 | 694,582 | 1,103,105 | |||||||
Excess cash | 2,496,122 | 1,428,017 | 3,274,251 | |||||||
Stockholders' equity | 6,714,857 | 7,946,249 | 8,681,547 | |||||||
Invested Capital | 6,017,449 | 6,887,564 | 6,623,142 | |||||||
ROIC | 0.41% | |||||||||
ROCE | 1.39% | 0.65% | ||||||||
EV | ||||||||||
Common stock shares outstanding | 302,688 | 346,751 | 305,928 | |||||||
Price | 18.15 -1.89% | 18.50 -14.03% | 21.52 72.99% | |||||||
Market cap | 5,493,787 -14.36% | 6,414,894 -2.56% | 6,583,573 74.96% | |||||||
EV | 4,042,155 | 6,719,414 | 5,736,509 | |||||||
EBITDA | 231,799 | 350,422 | 298,425 | |||||||
EV/EBITDA | 17.44 | 19.18 | 19.22 | |||||||
Interest | 51,893 | 50,848 | 54,928 | |||||||
Interest/NOPBT | 42.53% | 82.51% |