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Giant Manufacturing Co Ltd
TWSE:9921

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Giant Manufacturing Co Ltd
TWSE:9921
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Price: 65.8 TWD -0.3% Market Closed
Market Cap: NT$25.8B

EV/FCFF

2.7
Current
64%
Cheaper
vs 3-y average of 7.5

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
2.7
=
Enterprise Value
NT$26.3B
/
Free Cash Flow to Firm
NT$9.3B

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
2.7
=
Enterprise Value
NT$26.3B
/
Free Cash Flow to Firm
NT$9.3B

Valuation Scenarios

Giant Manufacturing Co Ltd is trading below its 3-year average

If EV/FCFF returns to its 3-Year Average (7.5), the stock would be worth NT$184.03 (180% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+661%
Average Upside
394%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 2.7 NT$65.8
0%
3-Year Average 7.5 NT$184.03
+180%
5-Year Average 6.6 NT$162.57
+147%
Industry Average 18.4 NT$452.59
+588%
Country Average 20.4 NT$500.91
+661%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
TW
Giant Manufacturing Co Ltd
TWSE:9921
25.9B TWD 2.7 35.7
JP
Bandai Namco Holdings Inc
TSE:7832
2.4T JPY 19.6 20.8
US
Hasbro Inc
NASDAQ:HAS
13.3B USD 21.9 -41.2
JP
Shimano Inc
TSE:7309
1.4T JPY 53.9 38.4
UK
Games Workshop Group PLC
LSE:GAW
6.4B GBP 26.4 30.9
CA
BRP Inc
TSX:DOO
8.9B CAD 12.4 19.2
CN
Zhejiang CFMoto Power Co Ltd
SSE:603129
41.9B CNY 18.3 24.9
US
Acushnet Holdings Corp
NYSE:GOLF
5.7B USD 54.6 30
US
Brunswick Corp
NYSE:BC
5.2B USD 17.1 -37.9
IT
Technogym SpA
MIL:TGYM
4B EUR 33.4 35.1
US
Mattel Inc
NASDAQ:MAT
4.4B USD 13.4 11.2
P/E Multiple
Earnings Growth PEG
TW
G
Giant Manufacturing Co Ltd
TWSE:9921
Average P/E: 27.3
35.7
N/A N/A
JP
Bandai Namco Holdings Inc
TSE:7832
20.8
7%
3
US
Hasbro Inc
NASDAQ:HAS
Negative Multiple: -41.2 N/A N/A
JP
Shimano Inc
TSE:7309
38.4
32%
1.2
UK
Games Workshop Group PLC
LSE:GAW
30.9
5%
6.2
CA
BRP Inc
TSX:DOO
19.2
34%
0.6
CN
Zhejiang CFMoto Power Co Ltd
SSE:603129
24.9
N/A N/A
US
Acushnet Holdings Corp
NYSE:GOLF
30
12%
2.5
US
Brunswick Corp
NYSE:BC
Negative Multiple: -37.9 N/A N/A
IT
Technogym SpA
MIL:TGYM
35.1
13%
2.7
US
Mattel Inc
NASDAQ:MAT
11.2
11%
1

Market Distribution

Lower than 98% of companies in Taiwan
Percentile
2nd
Based on 562 companies
2nd percentile
2.7
Low
0.4 — 13.5
Typical Range
13.5 — 30.6
High
30.6 —
Distribution Statistics
Taiwan
Min 0.4
30th Percentile 13.5
Median 20.4
70th Percentile 30.6
Max 2 037.1

Giant Manufacturing Co Ltd
Glance View

In the heart of Taiwan, Giant Manufacturing Co. Ltd. began its journey in 1972 with a visionary aspiration to transform the cycling experience. Initially a contract manufacturer for Western brands, Giant's founders saw an opportunity to create bicycles that were not only groundbreaking in design but also accessible in terms of cost and efficiency. As the company progressed, it took a strategic leap to establish its own brand, allowing it to innovate freely and define new standards in the cycling world. With a comprehensive approach, Giant meticulously handles every aspect of production—from raw material procurement and frame making to assembly and testing—ensuring impeccable quality and performance in every ride. This vertically integrated model grants Giant the flexibility and control to adapt swiftly to market trends and consumer demands across the globe. Today, Giant stands as a global leader in the bicycle industry, leveraging its extensive network of distribution across more than 50 countries. Its business model is a masterclass in diversification, encompassing a range of bikes from high-performance racing cycles to mass-market commuter options, catering to both passionate cyclists and everyday users. The company's commitment to innovation is equally evident in its early adoption of electric and hybrid models, tapping into the surging demand for environmentally-friendly transportation solutions. Furthermore, Giant’s adept branding and marketing strategies, combined with strategic partnerships and sponsorships in professional cycling, have bolstered its reputation and brand loyalty. Through these endeavors, Giant continues to pedal its way to financial success, constantly shifting gears to stay ahead in the fast-changing world of mobility.

Intrinsic Value
143.89 TWD
Undervaluation 54%
Intrinsic Value
Price NT$65.8
G
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