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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,392	2,610	2,550	2,399	2,400	2,352
Revenue Growth (YoY)	-8.67%	2.33%	6.29%	-0.03%	2.06%	28.16%
Cost of Revenue	1,528	1,774	1,724	1,594	1,637	1,586
Gross Profit	863.62	836.21	826.55	805.27	763.07	765.39
Selling, General & Admin	409.4	398.35	330.82	326.25	316.08	325.23
Research & Development	24.7	24.24	31.97	20.89	23.55	23.61
Operating Expenses	398.75	407.22	421.62	364.29	334.01	360.96
Operating Income	464.87	428.99	404.92	440.98	429.06	404.43
Interest Expense	-12.03	-11.86	-10.73	-7.99	-8.72	-9.76
Interest & Investment Income	20.46	14.49	1.97	0.78	0.97	1.36
Earnings From Equity Investments	1.03	-	-	-	-	1.72
Currency Exchange Gain (Loss)	16.43	18.59	42.94	-7.77	-15.72	-9.18
Other Non Operating Income (Expenses)	9.27	12.29	8.28	4.29	0.83	-0.17
EBT Excluding Unusual Items	500.03	462.5	447.38	430.29	406.42	388.4
Gain (Loss) on Sale of Investments	8.01	-0.08	-1.4	-	-0.07	0.08
Gain (Loss) on Sale of Assets	-	-0.02	-0.04	-0.08	0.28	0.2
Other Unusual Items	-	-	1.15	-	-	-
Pretax Income	508.04	462.4	447.09	430.21	406.64	388.68
Income Tax Expense	138.44	131.09	114.09	115.7	111.44	103.98
Earnings From Continuing Operations	369.6	331.31	333	314.5	295.2	284.7
Net Income	369.6	331.31	333	314.5	295.2	284.7
Net Income to Common	369.6	331.31	333	314.5	295.2	284.7
Net Income Growth	13.93%	-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)	-0.74%	5.13%	13.35%	0.06%	9.40%	6.76%
EPS (Basic)	8.57	7.68	7.91	8.04	7.55	8.00
EPS (Diluted)	8.01	7.21	7.58	8.03	7.54	7.95
EPS Growth	14.25%	-4.88%	-5.64%	6.50%	-5.16%	36.60%
Free Cash Flow	558.79	654.09	-15.16	225.72	248.79	386.82
Free Cash Flow Per Share	11.94	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	36.11%	32.04%	32.41%	33.56%	31.79%	32.55%
Operating Margin	19.44%	16.44%	15.88%	18.38%	17.88%	17.20%
Profit Margin	15.45%	12.70%	13.06%	13.11%	12.30%	12.11%
Free Cash Flow Margin	23.36%	25.06%	-0.59%	9.41%	10.37%	16.45%
EBITDA	514.39	477.71	451.83	486.49	472.84	435.17
EBITDA Margin	21.51%	18.30%	17.72%	20.28%	19.70%	18.50%
D&A For EBITDA	49.52	48.72	46.91	45.51	43.78	30.74
EBIT	464.87	428.99	404.92	440.98	429.06	404.43
EBIT Margin	19.44%	16.44%	15.88%	18.38%	17.88%	17.20%
Effective Tax Rate	27.25%	28.35%	25.52%	26.89%	27.41%	26.75%

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