Cheng Loong Corp

Chart & Performance

D1W1MN

P/E

23.20

P/S

0.51

EPS

0.83

Div Yield, %

5.70%

Shrs. gr., 5y

-0.01%

Rev. gr., 5y

0.47%

Revenues

42.17b

-4.00%

Net income

922m

-63.41%

CFO

4.13b

-15.77%

Dividend

Jun 24, 20240.5 TWD/sh

Earnings

Mar 12, 2025

Profile

Cheng Loong Corporation manufactures and sells paper products in Taiwan, Mainland China, and Southeast Asia. The company offers industrial paper products, including linerboards; and corrugated containers, such as corrugated sheet boards, display containers, and paper pallets, as well as pre-print services. It also provides household paper products, such as toilet papers, facial tissues, kitchen papers, and paper towels under the Andante brand name, as well as baby diapers and foaming hand soap; fine papers, coated duplex boards, and various specialty papers; and bond papers. In addition, the company offers green paper art products for children's educational toys, pet toys, and cultural and creative products, as well as builds residential and commercial premises for rent and sale. Further, it provides electronic components, optical instruments, glass products, and precision instruments; corrugated, display, and paper boxes; cartons, wrapping papers, separators, and lithographic and flexographic packaging products; kraft linerboards, foams, anti-static bubble bags, plastic buffer packaging materials, and packaging decoration printing products; and water treatment, sewage treatment, and maintenance and technical repairment services. Cheng Loong Corporation was founded in 1959 and is headquartered in New Taipei City, Taiwan.

URL

https://www.clc.com.tw/

IPO date

Sep 10, 1971

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title TWD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title TWD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	42,165,465 -4.00%	43,921,728 -2.37%	44,986,090 12.26%
Cost of revenue	40,119,496	42,259,834	40,378,177
Unusual Expense (Income)
NOPBT	2,045,969	1,661,894	4,607,913
NOPBT Margin	4.85%	3.78%	10.24%
Operating Taxes	407,788	487,471	976,087
Tax Rate	19.93%	29.33%	21.18%
NOPAT	1,638,181	1,174,423	3,631,826
Net income	922,118 -63.41%	2,520,098 -36.42%	3,963,422 6.32%
Dividends	(1,219,102)	(2,105,722)	(1,994,894)
Dividend yield	3.69%	6.92%	5.08%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	7,096,318	5,625,562	7,184,788
Long-term debt	22,573,701	23,193,296	18,227,185
Deferred revenue			758,989
Other long-term liabilities	685,817	672,323	515,408
Net debt	21,412,314	18,097,759	15,000,473
Cash flow
Cash from operating activities	4,129,989	4,902,987	3,687,096
CAPEX	(4,433,035)	(7,094,299)	(6,874,833)
Cash from investing activities	(4,569,684)	(5,837,746)	(6,241,171)
Cash from financing activities	(394,728)	742,279	1,639,911
FCF	(689,925)	(2,257,413)	(3,139,572)
Balance
Cash	6,048,140	7,361,090	7,075,052
Long term investments	2,209,565	3,360,009	3,336,448
Excess cash	6,149,432	8,525,013	8,162,196
Stockholders' equity	23,962,944	28,143,084	27,245,508
Invested Capital	53,147,206	49,412,904	46,105,630
ROIC	3.19%	2.46%	8.50%
ROCE	3.38%	2.81%	8.27%
EV
Common stock shares outstanding	1,110,736	1,112,218	1,111,524
Price	29.75 8.78%	27.35 -22.52%	35.30 3.82%
Market cap	33,044,396 8.63%	30,419,162 -22.47%	39,236,797 3.81%
EV	55,303,824	49,470,930	55,383,283
EBITDA	5,610,851	4,621,805	7,384,290
EV/EBITDA	9.86	10.70	7.50
Interest	929,179	466,599	299,627
Interest/NOPBT	45.42%	28.08%	6.50%