FDC International Hotels Corp

FDC International Hotels Corp maintains a balanced capital structure with a debt-to-equity ratio of 0.5, indicating moderate leverage. The company's liquidity position is characterized by a current ratio of 2.29, suggesting it can cover short-term obligations comfortably. However, the liquidity risk is rated as medium, and the company has negative net cash after subtracting total debt, which could pose a challenge in periods of financial stress.

Profitability metrics show a return on equity (ROE) of 5.17% and a return on assets (ROA) of 2.87%. These figures are below the industry median for ROE and ROA, indicating that the company is underperforming in terms of capital efficiency and asset utilization compared to its peers.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and operational risks. The absence of segment-specific data limits the ability to assess the performance of individual business lines.

Looking ahead, the company's growth trajectory is constrained by a flat revenue outlook. The current fiscal year is expected to show minimal revenue growth, and the next fiscal year is projected to follow a similar trend. This is consistent with the broader industry's subdued demand and the company's limited expansion plans.

Risk factors include a medium liquidity risk and a low dilution risk. The company has not issued additional shares recently, and there are no indications of near-term dilution pressure. However, the negative net cash position and the presence of long-term debt could necessitate future financing, which may involve equity dilution.

Recent events include the filing of the latest financial report, which disclosed a net income of 143,270,000 TWD and a revenue of 743,217,000 TWD. Analysts have noted the company's actual revenue and EPS figures, which align with the disclosed financials. No significant earnings surprises or management guidance changes have been reported in the latest transcripts.

Operating and net margins significantly exceed cohort medians, indicating superior profitability relative to hotel industry peers.

Revenue grew at a 13.7% CAGR over four years, demonstrating strong top-line expansion despite recent slight deceleration.

Long-term debt decreased substantially from 2022 to 2026, improving the balance sheet and reducing financial leverage risks.

Return on equity exceeds the cohort median, suggesting efficient use of shareholder capital compared to industry averages.

Free cash flow remains positive and stable, providing liquidity for operations and potential debt reduction efforts.

The company faces high credit risk, which could impair its ability to secure favorable financing or maintain solvency.

Cash conversion ratio is below the cohort median, indicating less efficient transformation of earnings into cash.

Medium liquidity risk suggests potential challenges in meeting short-term financial obligations under stress scenarios.

Revenue TWD 683.6M, −0,6% YoY; Operating income −4,0% YoY.

• ▍Revenue TWD 683.6M, −0,6% YoY
• ▍Operating income −4,0% YoY
• ▍Net income −11,1% YoY
• ▍Free cash flow +19,3% YoY
• ▍Net margin 16.3%

Revenue TWD 493.4M, −5,0% YoY; Operating income −68,4% YoY.

• ▍Revenue TWD 493.4M, −5,0% YoY
• ▍Operating income −68,4% YoY
• ▍Net income +31,9% YoY
• ▍Free cash flow +400,2% YoY
• ▍Net margin 7.3%

Revenue TWD 507.8M, +3,1% YoY; Operating income +35,7% YoY.

• ▍Revenue TWD 507.8M, +3,1% YoY
• ▍Operating income +35,7% YoY
• ▍Net income −178,0% YoY
• ▍Free cash flow −59,0% YoY
• ▍Net margin -5.3%

Revenue TWD 740.1M, −0,4% YoY; Operating income −19,2% YoY.

• ▍Revenue TWD 740.1M, −0,4% YoY
• ▍Operating income −19,2% YoY
• ▍Net income −24,3% YoY
• ▍Free cash flow −22,7% YoY
• ▍Net margin 14.7%

Revenue TWD 688.0M; Operating income TWD 120.3M.

• ▍Revenue TWD 688.0M
• ▍Operating income TWD 120.3M
• ▍Net margin 18.3%

Revenue TWD 519.6M; Operating income TWD 41.5M.

• ▍Revenue TWD 519.6M
• ▍Operating income TWD 41.5M
• ▍Net margin 5.2%

Revenue TWD 492.8M; Operating income TWD 27.4M.

• ▍Revenue TWD 492.8M
• ▍Operating income TWD 27.4M
• ▍Net margin 7.0%

Revenue TWD 743.2M; Operating income TWD 146.7M.

• ▍Revenue TWD 743.2M
• ▍Operating income TWD 146.7M
• ▍Net margin 19.3%

Revenue TWD 2.42B, −0,8% YoY; Operating income −15,4% YoY.

• ▍Revenue TWD 2.42B, −0,8% YoY
• ▍Operating income −15,4% YoY
• ▍Net income −30,8% YoY
• ▍Free cash flow +4,2% YoY
• ▍Net margin 9.4%

Revenue TWD 2.44B, +3,5% YoY; Operating income +2,4% YoY.

• ▍Revenue TWD 2.44B, +3,5% YoY
• ▍Operating income +2,4% YoY
• ▍Net income +16,9% YoY
• ▍Free cash flow −21,3% YoY
• ▍Net margin 13.5%

Revenue TWD 2.36B, +13,8% YoY; Operating income +22,9% YoY.

• ▍Revenue TWD 2.36B, +13,8% YoY
• ▍Operating income +22,9% YoY
• ▍Net income +41,9% YoY
• ▍Free cash flow −21,4% YoY
• ▍Net margin 12.0%

Revenue TWD 2.07B, +43,0% YoY; Operating income +1 790,5% YoY.

• ▍Revenue TWD 2.07B, +43,0% YoY
• ▍Operating income +1 790,5% YoY
• ▍Net income +780,8% YoY
• ▍Free cash flow +151,8% YoY
• ▍Net margin 9.6%