XTAI4722
Market cap138mUSD
Dec 26, Last price
45.35TWD
1D
1.34%
1Q
-6.20%
Jan 2017
40.88%
Name
Qualipoly Chemical Corp
Chart & Performance
Profile
Qualipoly Chemical Corp. manufactures and supplies polyurethane resins, wire enamels, and insulating varnish. The company offers UV curable materials used in various applications, such as wood coatings, plastics and metal coatings, adhesives and lacquers for CD/DVD, over print varnishes, optical films, and additives for electronic/optical parts; and unsaturated polyester resins for use in FRPs, color pastes and gelcoats, fire retardants, castings, synthetic marbles, buttons, decorative panels, coatings and putties, SMC/BMCs, and ISO-type FRPs. It also provides coating resins comprising alkyd resins used in various applications, which include tinting colors, ink, white ready mixed paints, air-drying paints, baking paints, 2K and NC matted primers, acid-curing, marine primer, wrinkle finishes, paints on wood, plastic and glass, etc.; acrylic resins for use in baking paints on metal, acid-curing amino-alkyd paints on wood applications, etc.; and amino resins used in various applications consisting of paints on concrete, pints for road marking, printing inks, and coil pints, as well as varnishes/paints on paper, wood, plastic, and metal. In addition, the company offers foundry resins that are used as cement and adhesive, casting resin, coating, and impregnant; insulating varnishes used in the manufacture of transformers, and coil and enamel-insulated wires for insulating system in the electronic devices; and polyurethane rigid foam resins used to manufacture wood-imitation materials, soft floor, and fillers. Further, it provides PVAC and acrylic emulsion resins for application in papers, woods, floor tiles, PVC sheets, and furniture, as well as to manufacture tapes of general purpose, pressure sensitive adhesive, glues, and others; and fiber glass. The company markets its products in approximately 40 countries primarily the United States, European Union, Japan, and other markets under the Qualipoly and QualiCure brand names. The company was founded in 1978 and is headquartered in Kaohsiung, 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 | 3,454,793 -18.22% | 4,224,680 -12.54% | 4,830,426 26.36% | |||||||
Cost of revenue | 3,295,162 | 3,901,358 | 4,350,335 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 159,631 | 323,322 | 480,091 | |||||||
NOPBT Margin | 4.62% | 7.65% | 9.94% | |||||||
Operating Taxes | 45,824 | 86,323 | 115,056 | |||||||
Tax Rate | 28.71% | 26.70% | 23.97% | |||||||
NOPAT | 113,807 | 236,999 | 365,035 | |||||||
Net income | 167,026 -46.98% | 315,043 -14.35% | 367,807 30.74% | |||||||
Dividends | (190,017) | (220,020) | (195,522) | |||||||
Dividend yield | 5.06% | 6.49% | 4.49% | |||||||
Proceeds from repurchase of equity | (737,507) | |||||||||
BB yield | 16.93% | |||||||||
Debt | ||||||||||
Debt current | 202,795 | 310,573 | 524,810 | |||||||
Long-term debt | 896,063 | 741,166 | 569,912 | |||||||
Deferred revenue | 737,638 | 565,000 | ||||||||
Other long-term liabilities | (737,638) | (565,000) | ||||||||
Net debt | 691,816 | 359,462 | 597,541 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 210,087 | 729,850 | 221,322 | |||||||
CAPEX | (461,996) | (372,902) | (638,395) | |||||||
Cash from investing activities | (463,188) | (376,090) | (752,956) | |||||||
Cash from financing activities | (35,258) | (151,094) | 647,120 | |||||||
FCF | (261,067) | 308,349 | (532,108) | |||||||
Balance | ||||||||||
Cash | 218,318 | 520,372 | 364,525 | |||||||
Long term investments | 188,724 | 171,905 | 132,656 | |||||||
Excess cash | 234,302 | 481,043 | 255,660 | |||||||
Stockholders' equity | 2,468,876 | 2,495,608 | 2,372,752 | |||||||
Invested Capital | 3,752,067 | 3,373,637 | 3,519,158 | |||||||
ROIC | 3.19% | 6.88% | 12.00% | |||||||
ROCE | 3.95% | 8.23% | 12.42% | |||||||
EV | ||||||||||
Common stock shares outstanding | 100,116 | 100,205 | 98,683 | |||||||
Price | 37.50 10.78% | 33.85 -23.33% | 44.15 43.58% | |||||||
Market cap | 3,754,350 10.68% | 3,391,939 -22.15% | 4,356,854 42.36% | |||||||
EV | 4,446,166 | 3,751,401 | 4,954,395 | |||||||
EBITDA | 225,402 | 386,214 | 543,419 | |||||||
EV/EBITDA | 19.73 | 9.71 | 9.12 | |||||||
Interest | 10,711 | 12,076 | 5,137 | |||||||
Interest/NOPBT | 6.71% | 3.73% | 1.07% |