Value Valves Co., Ltd. (TPEX: 4580)

Value Valves Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,290	2,610	2,550	2,399	2,400	2,352
Revenue Growth (YoY)	-12.87%	2.33%	6.29%	-0.03%	2.06%	28.16%
Cost of Revenue	1,467	1,774	1,724	1,594	1,637	1,586
Gross Profit	823.07	836.21	826.55	805.27	763.07	765.39
Selling, General & Admin	400.17	398.35	330.82	326.25	316.08	325.23
Research & Development	25.28	24.24	31.97	20.89	23.55	23.61
Operating Expenses	394.65	407.22	421.62	364.29	334.01	360.96
Operating Income	428.42	428.99	404.92	440.98	429.06	404.43
Interest Expense	-12.02	-11.86	-10.73	-7.99	-8.72	-9.76
Interest & Investment Income	22.64	14.49	1.97	0.78	0.97	1.36
Earnings From Equity Investments	1.35	-	-	-	-	1.72
Currency Exchange Gain (Loss)	18.59	18.59	42.94	-7.77	-15.72	-9.18
Other Non Operating Income (Expenses)	-11.6	12.29	8.28	4.29	0.83	-0.17
EBT Excluding Unusual Items	447.36	462.5	447.38	430.29	406.42	388.4
Gain (Loss) on Sale of Investments	-0.08	-0.08	-1.4	-	-0.07	0.08
Gain (Loss) on Sale of Assets	-0.02	-0.02	-0.04	-0.08	0.28	0.2
Other Unusual Items	-	-	1.15	-	-	-
Pretax Income	447.26	462.4	447.09	430.21	406.64	388.68
Income Tax Expense	116.65	131.09	114.09	115.7	111.44	103.98
Earnings From Continuing Operations	330.62	331.31	333	314.5	295.2	284.7
Net Income	330.62	331.31	333	314.5	295.2	284.7
Net Income to Common	330.62	331.31	333	314.5	295.2	284.7
Net Income Growth	1.94%	-0.51%	5.88%	6.54%	3.69%	45.89%
Shares Outstanding (Basic)	43	43	42	39	39	36
Shares Outstanding (Diluted)	47	47	44	39	39	36
Shares Change (YoY)	-0.02%	5.13%	13.35%	0.06%	9.40%	6.76%
EPS (Basic)	7.66	7.68	7.91	8.04	7.55	8.00
EPS (Diluted)	7.18	7.21	7.58	8.03	7.54	7.95
EPS Growth	3.14%	-4.88%	-5.64%	6.50%	-5.16%	36.60%
Free Cash Flow	381.83	654.09	-15.16	225.72	248.79	386.82
Free Cash Flow Per Share	8.16	14.01	-0.34	5.76	6.35	10.80
Dividend Per Share	4.800	4.800	5.250	5.750	5.110	5.000
Dividend Growth	-8.57%	-8.57%	-8.70%	12.52%	2.20%	56.25%
Gross Margin	35.95%	32.04%	32.41%	33.56%	31.79%	32.55%
Operating Margin	18.71%	16.44%	15.88%	18.38%	17.88%	17.20%
Profit Margin	14.44%	12.70%	13.06%	13.11%	12.30%	12.11%
Free Cash Flow Margin	16.68%	25.06%	-0.59%	9.41%	10.37%	16.45%
EBITDA	476.49	477.71	451.83	486.49	472.84	435.17
EBITDA Margin	20.81%	18.30%	17.72%	20.28%	19.70%	18.50%
D&A For EBITDA	48.08	48.72	46.91	45.51	43.78	30.74
EBIT	428.42	428.99	404.92	440.98	429.06	404.43
EBIT Margin	18.71%	16.44%	15.88%	18.38%	17.88%	17.20%
Effective Tax Rate	26.08%	28.35%	25.52%	26.89%	27.41%	26.75%

Source: S&P Capital IQ. Standard template. Financial Sources.