Taiwan Cogeneration Corporation Logo

Taiwan Cogeneration Corporation

8926.TW

(3.0)
Stock Price

42,40 TWD

3.66% ROA

6.57% ROE

33.32x PER

Market Cap.

33.519.943.800,00 TWD

37.64% DER

4.2% Yield

13.91% NPM

Taiwan Cogeneration Corporation Stock Analysis

Taiwan Cogeneration Corporation Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Taiwan Cogeneration Corporation Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a minimal amount of debt (39%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

2 Assets Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

3 Dividend

Investors can take comfort in the company's unwavering commitment to dividends, as it has consistently distributed payouts over the past five years, ensuring a reliable income stream.

4 ROE

ROE in an average range (13.92%) suggests satisfactory profitability and decent utilization of shareholders' equity.

5 ROA

The stock's ROA (6.86%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

6 PBV

The stock's PBV ratio (1.85x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

7 Revenue Growth

Company's revenue has experienced consistent growth over the last three years, indicating a favorable financial trajectory and making it an attractive investment choice.

8 Net Profit Growth

Throughout the last three years, this company has experienced consistent net profit growth, reflecting a robust financial performance and making it an attractive investment prospect.

9 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (123) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

10 Graham Number

The Graham number analysis indicates that this company's stock price is likely overpriced, raising concerns about its investment potential.

11 Dividend Growth

Investors should note the company's stagnant dividend growth over the past three years, indicating limited profitability and potentially diminishing returns.

Taiwan Cogeneration Corporation Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Taiwan Cogeneration Corporation Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

Taiwan Cogeneration Corporation Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Taiwan Cogeneration Corporation Revenue
Year Revenue Growth
2006 3.488.666.000
2007 5.017.730.000 30.47%
2008 7.822.667.000 35.86%
2009 6.416.496.000 -21.91%
2010 2.156.406.000 -197.56%
2011 2.784.876.000 22.57%
2012 3.307.561.000 15.8%
2013 2.672.820.000 -23.75%
2014 1.651.180.000 -61.87%
2015 1.546.915.000 -6.74%
2016 1.178.012.000 -31.32%
2017 1.209.414.000 2.6%
2018 3.814.274.000 68.29%
2019 7.186.086.000 46.92%
2020 9.313.724.000 22.84%
2021 6.406.996.000 -45.37%
2022 4.668.881.000 -37.23%
2023 5.500.372.000 15.12%
2023 5.324.703.000 -3.3%
2024 9.614.968.000 44.62%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Taiwan Cogeneration Corporation Research and Development Expenses
Year Research and Development Expenses Growth
2006 0
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Taiwan Cogeneration Corporation General and Administrative Expenses
Year General and Administrative Expenses Growth
2006 0
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 179.089.000 100%
2014 0 0%
2015 177.370.000 100%
2016 180.601.000 1.79%
2017 210.882.000 14.36%
2018 214.531.000 1.7%
2019 240.178.000 10.68%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Taiwan Cogeneration Corporation EBITDA
Year EBITDA Growth
2006 850.829.000
2007 622.310.000 -36.72%
2008 1.134.361.000 45.14%
2009 1.416.651.000 19.93%
2010 1.276.279.000 -11%
2011 1.268.527.000 -0.61%
2012 699.495.000 -81.35%
2013 960.190.000 27.15%
2014 1.529.302.000 37.21%
2015 1.335.932.000 -14.47%
2016 1.063.285.000 -25.64%
2017 1.057.652.000 -0.53%
2018 754.555.000 -40.17%
2019 1.235.919.000 38.95%
2020 1.378.081.000 10.32%
2021 1.400.882.000 1.63%
2022 1.455.361.000 3.74%
2023 1.062.140.000 -37.02%
2023 415.462.000 -155.65%
2024 719.652.000 42.27%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Taiwan Cogeneration Corporation Gross Profit
Year Gross Profit Growth
2006 642.783.000
2007 411.211.000 -56.31%
2008 339.542.000 -21.11%
2009 720.329.000 52.86%
2010 222.124.000 -224.29%
2011 169.079.000 -31.37%
2012 -166.941.000 201.28%
2013 -98.279.000 -69.86%
2014 263.294.000 137.33%
2015 297.216.000 11.41%
2016 294.992.000 -0.75%
2017 278.274.000 -6.01%
2018 446.135.000 37.63%
2019 514.730.000 13.33%
2020 720.987.000 28.61%
2021 776.499.000 7.15%
2022 628.226.000 -23.6%
2023 682.844.000 8%
2023 407.051.000 -67.75%
2024 575.412.000 29.26%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Taiwan Cogeneration Corporation Net Profit
Year Net Profit Growth
2006 553.669.000
2007 382.640.000 -44.7%
2008 873.686.000 56.2%
2009 989.543.000 11.71%
2010 923.921.000 -7.1%
2011 1.037.569.000 10.95%
2012 528.571.000 -96.3%
2013 766.079.000 31%
2014 1.728.440.000 55.68%
2015 1.061.901.000 -62.77%
2016 948.966.000 -11.9%
2017 971.874.000 2.36%
2018 672.295.000 -44.56%
2019 1.098.048.000 38.77%
2020 1.068.547.000 -2.76%
2021 897.884.000 -19.01%
2022 906.774.000 0.98%
2023 401.248.000 -125.99%
2023 1.252.275.000 67.96%
2024 1.632.752.000 23.3%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Taiwan Cogeneration Corporation Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2006 1
2007 1 0%
2008 1 100%
2009 2 0%
2010 1 0%
2011 2 0%
2012 1 0%
2013 1 0%
2014 3 50%
2015 2 -100%
2016 1 0%
2017 1 0%
2018 1 0%
2019 2 0%
2020 2 0%
2021 1 0%
2022 1 0%
2023 1 0%
2023 2 100%
2024 2 50%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Taiwan Cogeneration Corporation Free Cashflow
Year Free Cashflow Growth
2006 424.345.000
2007 1.842.101.000 76.96%
2008 489.335.000 -276.45%
2009 -226.439.000 316.1%
2010 1.053.519.000 121.49%
2011 1.119.518.000 5.9%
2012 497.924.000 -124.84%
2013 579.268.000 14.04%
2014 1.188.651.000 51.27%
2015 1.435.311.000 17.19%
2016 875.015.000 -64.03%
2017 612.239.000 -42.92%
2018 254.261.000 -140.79%
2019 -293.207.000 186.72%
2020 1.952.835.000 115.01%
2021 1.179.142.000 -65.61%
2022 1.126.119.000 -4.71%
2023 -1.115.465.000 200.96%
2023 -313.039.000 -256.33%
2024 -120.386.000 -160.03%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Taiwan Cogeneration Corporation Operating Cashflow
Year Operating Cashflow Growth
2006 433.456.000
2007 1.907.609.000 77.28%
2008 528.150.000 -261.19%
2009 -168.642.000 413.18%
2010 1.074.024.000 115.7%
2011 1.150.331.000 6.63%
2012 512.452.000 -124.48%
2013 592.124.000 13.46%
2014 1.237.178.000 52.14%
2015 1.442.125.000 14.21%
2016 923.225.000 -56.21%
2017 782.995.000 -17.91%
2018 577.422.000 -35.6%
2019 413.533.000 -39.63%
2020 2.465.005.000 83.22%
2021 1.768.738.000 -39.37%
2022 1.789.361.000 1.15%
2023 -92.746.000 2029.31%
2023 -83.896.000 -10.55%
2024 -47.892.000 -75.18%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Taiwan Cogeneration Corporation Capital Expenditure
Year Capital Expenditure Growth
2006 9.111.000
2007 65.508.000 86.09%
2008 38.815.000 -68.77%
2009 57.797.000 32.84%
2010 20.505.000 -181.87%
2011 30.813.000 33.45%
2012 14.528.000 -112.09%
2013 12.856.000 -13.01%
2014 48.527.000 73.51%
2015 6.814.000 -612.17%
2016 48.210.000 85.87%
2017 170.756.000 71.77%
2018 323.161.000 47.16%
2019 706.740.000 54.27%
2020 512.170.000 -37.99%
2021 589.596.000 13.13%
2022 663.242.000 11.1%
2023 1.022.719.000 35.15%
2023 229.143.000 -346.32%
2024 72.494.000 -216.09%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Taiwan Cogeneration Corporation Equity
Year Equity Growth
2006 5.409.718.000
2007 5.733.136.000 5.64%
2008 7.029.234.000 18.44%
2009 7.388.439.000 4.86%
2010 7.747.456.000 4.63%
2011 8.390.221.000 7.66%
2012 8.037.816.000 -4.38%
2013 10.309.436.000 22.03%
2014 11.356.396.000 9.22%
2015 11.485.922.000 1.13%
2016 11.664.278.000 1.53%
2017 11.878.220.000 1.8%
2018 11.870.566.000 -0.06%
2019 12.102.159.000 1.91%
2020 12.189.668.000 0.72%
2021 11.978.063.000 -1.77%
2022 11.850.240.000 -1.08%
2023 15.587.666.000 23.98%
2023 15.435.021.000 -0.99%
2024 14.768.343.000 -4.51%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Taiwan Cogeneration Corporation Assets
Year Assets Growth
2006 9.909.457.000
2007 10.818.971.000 8.41%
2008 13.264.197.000 18.43%
2009 12.592.440.000 -5.33%
2010 11.404.805.000 -10.41%
2011 12.575.164.000 9.31%
2012 12.211.096.000 -2.98%
2013 13.767.898.000 11.31%
2014 15.576.115.000 11.61%
2015 14.930.295.000 -4.33%
2016 15.036.443.000 0.71%
2017 15.251.314.000 1.41%
2018 16.761.266.000 9.01%
2019 20.429.463.000 17.96%
2020 22.979.690.000 11.1%
2021 24.053.841.000 4.47%
2022 24.976.400.000 3.69%
2023 26.155.013.000 4.51%
2023 25.482.386.000 -2.64%
2024 27.858.704.000 8.53%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Taiwan Cogeneration Corporation Liabilities
Year Liabilities Growth
2006 4.499.739.000
2007 5.085.835.000 11.52%
2008 6.234.963.000 18.43%
2009 5.204.001.000 -19.81%
2010 3.657.349.000 -42.29%
2011 4.184.943.000 12.61%
2012 4.173.280.000 -0.28%
2013 3.458.462.000 -20.67%
2014 4.219.719.000 18.04%
2015 3.444.373.000 -22.51%
2016 3.372.165.000 -2.14%
2017 3.373.094.000 0.03%
2018 4.890.700.000 31.03%
2019 8.327.304.000 41.27%
2020 10.790.022.000 22.82%
2021 12.075.778.000 10.65%
2022 13.126.160.000 8%
2023 10.567.347.000 -24.21%
2023 10.047.365.000 -5.18%
2024 13.090.361.000 23.25%

Taiwan Cogeneration Corporation Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
9.9
Net Income per Share
1.38
Price to Earning Ratio
33.32x
Price To Sales Ratio
4.63x
POCF Ratio
196.48
PFCF Ratio
-81.71
Price to Book Ratio
2.27
EV to Sales
5.05
EV Over EBITDA
46.65
EV to Operating CashFlow
214.23
EV to FreeCashFlow
-89.09
Earnings Yield
0.03
FreeCashFlow Yield
-0.01
Market Cap
33,52 Bil.
Enterprise Value
36,55 Bil.
Graham Number
25.04
Graham NetNet
-8.08

Income Statement Metrics

Net Income per Share
1.38
Income Quality
0.17
ROE
0.07
Return On Assets
0.04
Return On Capital Employed
0.02
Net Income per EBT
4.65
EBT Per Ebit
0.67
Ebit per Revenue
0.04
Effective Tax Rate
0.27

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.08
Operating Profit Margin
0.04
Pretax Profit Margin
0.03
Net Profit Margin
0.14

Dividends

Dividend Yield
0.04
Dividend Yield %
4.2
Payout Ratio
0.61
Dividend Per Share
1.93

Operating Metrics

Operating Cashflow per Share
0.23
Free CashFlow per Share
-0.56
Capex to Operating CashFlow
3.4
Capex to Revenue
0.08
Capex to Depreciation
1.26
Return on Invested Capital
0.01
Return on Tangible Assets
0.04
Days Sales Outstanding
273.6
Days Payables Outstanding
6.78
Days of Inventory on Hand
0.56
Receivables Turnover
1.33
Payables Turnover
53.83
Inventory Turnover
650.8
Capex per Share
0.8

Balance Sheet

Cash per Share
4,27
Book Value per Share
20,22
Tangible Book Value per Share
19.67
Shareholders Equity per Share
20.22
Interest Debt per Share
7.73
Debt to Equity
0.38
Debt to Assets
0.2
Net Debt to EBITDA
3.86
Current Ratio
1.09
Tangible Asset Value
14,36 Bil.
Net Current Asset Value
-4,47 Bil.
Invested Capital
5637262000
Working Capital
0,69 Bil.
Intangibles to Total Assets
0.01
Average Receivables
4,42 Bil.
Average Payables
0,11 Bil.
Average Inventory
10099000
Debt to Market Cap
0.17

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Taiwan Cogeneration Corporation Dividends
Year Dividends Growth
2000 0
2001 0 0%
2002 0 0%
2003 1 0%
2004 0 0%
2005 1 100%
2006 1 0%
2007 0 0%
2008 0 0%
2009 1 100%
2010 1 0%
2011 1 0%
2012 2 100%
2013 1 0%
2014 1 0%
2015 2 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 2 0%
2020 2 0%
2021 2 0%
2022 2 0%
2023 1 0%
2024 2 100%

Taiwan Cogeneration Corporation Profile

About Taiwan Cogeneration Corporation

Taiwan Cogeneration Corporation, together with its subsidiaries, operates and manages cogeneration plants in Taiwan. The company invests in independent power plants (IPPs), cogeneration plants, and renewable energy power plants utilizing solar, wind, geothermal, and biomass energy. It also offers engineering planning, design, procurement, project development, installation, construction, financing, commissioning, operation, maintenance, and management for IPPs, cogeneration plants, and transmission projects. In addition, the company provides technical support and consulting services for power project investment, project development, construction execution, and power plant operation and maintenance, as well as ancillary services. Further, it engages in electricity retailing activities. Taiwan Cogeneration Corporation was founded in 1992 and is headquartered in Taipei, Taiwan.

CEO
Mr. Yi-Tong Chen
Employee
239
Address
392, Rui Guang Road
Taipei, 11492

Taiwan Cogeneration Corporation Executives & BODs

Taiwan Cogeneration Corporation Executives & BODs
# Name Age
1 Mr. Yi-Tong Chen
President
70
2 Chia Pin Chang
Manager of Administration Dept. & Director of Legal Affairs of TCC
70
3 Ming-Yeh Lee
Accounting Supervisor
70
4 Jia Ling Cai
Secretary & Head of Corporate Governance
70
5 Shang-Heng Chou
Financial Officer
70

Taiwan Cogeneration Corporation Competitors