Hotai Motor Co.,Ltd.

TWSE-2207

Basic

Market Cap
NT$358.77B
EV
NT$666.51B
Shares Out
557.1M
Revenue
NT$281.84B
Employees
—

Margins

Gross
20.89%
EBITDA
17.3%
Operating
12.79%
Pre-Tax
10.89%
Net
8.4%
FCF
-9.56%

Returns (5Yr Avg)

ROA
3.08%
ROTA
11.83%
ROE
11.73%
ROCE
17.76%
ROIC
4.49%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
NT$700
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
NT$32.99B
Net Debt
NT$273.5B
Debt/Equity
3.07
EBIT/Interest
5.89

Growth (CAGR)

Rev 3Yr
5.47%
Rev 5Yr
9.02%
Rev 10Yr
6.8%
Dil EPS 3Yr
15.45%
Dil EPS 5Yr
19.24%
Dil EPS 10Yr
11.76%
Rev Fwd 2Yr
3.87%
EBITDA Fwd 2Yr
14.75%
EPS Fwd 2Yr
5.21%
EPS LT Growth Est
6.2%

Dividends

Yield
—
Payout
47.05%
DPS
NT$20
DPS Growth 3Yr
6.27%
DPS Growth 5Yr
11.2%
DPS Growth 10Yr
4.94%
DPS Growth Fwd 2Yr
—

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						195,482.5	210,378.8	220,560.6	214,889.3	241,767.3	243,620.6
Insurance Division Revenues	—	—	—			6,267.5	7,632.2	9,057.1	9,916.1	9,854.7	9,654.2
Gain (Loss) on Sale of Investment, Total	—	—				387.2	852.8	1,197.1	343.6	1,012.7	1,461
Interest And Invest. Income	—	—				9,377	9,877.5	12,392.2	16,457.2	21,189.5	22,282.6
Other Revenues, Total	—	—				1,967.5	2,594.7	3,103.8	3,705.8	4,754.7	4,825.5
Total Revenues						213,481.7	231,336	246,310.8	245,312	278,578.8	281,843.8
Total Revenues % Chg.						14.2%	8.4%	6.5%	-0.4%	13.6%	11.9%
Cost of Goods Sold, Total						172,399.2	185,545.5	192,811.5	186,634.5	213,104.4	215,298.1
Insurance Division Operating Expenses, Total	—	—				6,288	7,538.6	9,834.7	50,859	8,278	7,662.3
Gross Profit						34,794.5	38,251.9	43,664.6	7,818.6	57,196.4	58,883.4
Selling General & Admin Expenses, Total						14,307	14,233.3	16,017	16,006.4	18,560	18,969.1
Provision for Bad Debts	—	—	—	—		1,070.7	1,371	1,138.4	1,858	3,446.4	3,906
R&D Expenses	—	—				96.5	95.2	110.9	122.7	136.1	142.7
Other Operating Expenses						280.4	42.8	103.9	77.3	246.8	-182.8
Other Operating Expenses, Total						15,754.6	15,742.3	17,370.1	18,064.4	22,389.3	22,835
Operating Income						19,040	22,509.6	26,294.5	-10,245.8	34,807.1	36,048.4
Interest Expense, Total						-2,061.8	-1,862	-1,930	-3,195.3	-5,741.1	-6,120.1
Interest And Investment Income			—	—	—	—	—	—	—	—	—
Net Interest Expenses						-2,061.8	-1,862	-1,930	-3,195.3	-5,741.1	-6,120.1
Income (Loss) On Equity Invest.			—	—	—	—	—	—	—	—	—
Currency Exchange Gains (Loss)						362.7	446.5	586.1	439.5	711.8	542
Other Non Operating Income (Expenses)			—	—	—	—	—	—	540	-465.8	-465.8
EBT, Excl. Unusual Items						17,340.9	21,094.1	24,950.6	-12,461.6	29,311.9	30,004.6
Impairment of Goodwill	—	—	—	—	—	—	—	—	-662.3	—	—
Gain (Loss) On Sale Of Investments			—			-3.6	—	—	-1,103.9	—	114.6
Gain (Loss) On Sale Of Assets						35.7	30.8	20.1	23.1	186.7	568.7
Asset Writedown	—	—	—	—	—	—	—	—	-430.2	—	—
EBT, Incl. Unusual Items						17,373	21,124.9	24,970.7	-14,634.9	29,498.7	30,687.9
Income Tax Expense						3,788.1	4,589.7	5,412.6	1,111.1	3,368.3	3,538.7
Earnings From Continuing Operations						13,584.9	16,535.2	19,558.1	-15,746	26,130.3	27,149.2
Minority Interest						-1,816.1	-2,686.3	-3,347.3	-3,584.2	-3,272.6	-3,469.8
Net Income						11,768.8	13,848.9	16,210.8	-19,330.2	22,857.7	23,679.4
Net Income to Common Incl Extra Items						11,768.8	13,848.9	16,210.8	-19,330.2	22,857.7	23,679.4
Net Income to Common Excl. Extra Items						11,768.8	13,848.9	16,210.8	-19,330.2	22,857.7	23,679.4
Total Shares Outstanding						557.1	557.1	557.1	557.1	557.1	557.1
Weighted Avg. Shares Outstanding						557.1	557.1	557.1	557.1	557.1	557.1
Weighted Avg. Shares Outstanding Dil						557.4	557.4	557.5	557.1	557.4	557.5
EPS						21.1	24.9	29.1	-34.7	41	42.5
EPS Diluted						21.1	24.8	29.1	-34.7	41	42.5
EBITDA						27,411.8	31,649.5	36,498.7	1,240	47,300.7	48,759.4
Effective Tax Rate						21.8%	21.7%	21.7%	-7.6%	11.4%	11.5%