Financials Goldsun Building Materials Co., Ltd.

Equities

2504

TW0002504008

Construction Materials

End-of-day quote Taiwan S.E. 23:00:00 12/05/2024 BST 5-day change 1st Jan Change
46.5 TWD -0.53% Intraday chart for Goldsun Building Materials Co., Ltd. -5.97% +65.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 19,892 29,345 34,306 29,716 33,129 54,725 -
Enterprise Value (EV) 1 19,892 33,220 35,661 29,716 38,457 58,772 58,246
P/E ratio - 13.2 x 12.1 x 7.23 x 9.41 x 12.6 x 14.9 x
Yield - 6% 6.17% - - 4.84% 5.03%
Capitalization / Revenue 1.05 x 1.55 x 1.57 x 1.4 x 1.57 x 2.49 x 2.44 x
EV / Revenue 1.05 x 1.76 x 1.64 x 1.4 x 1.83 x 2.68 x 2.59 x
EV / EBITDA - 11.4 x 9.29 x 7.29 x 8.15 x 11.4 x 10.9 x
EV / FCF - 14.7 x 13.5 x - 33.8 x 15.5 x 18.3 x
FCF Yield - 6.79% 7.42% - 2.96% 6.47% 5.45%
Price to Book - - 1.6 x - 1.35 x 2.08 x 2 x
Nbr of stocks (in thousands) 1,182,182 1,173,809 1,176,884 1,176,884 1,176,884 1,176,884 -
Reference price 2 16.83 25.00 29.15 25.25 28.15 46.50 46.50
Announcement Date 31/03/20 28/03/21 25/02/22 24/02/23 30/04/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 19,005 18,878 21,802 21,279 21,041 21,958 22,454
EBITDA 1 - 2,921 3,841 4,074 4,721 5,164 5,339
EBIT 1 364.2 2,324 3,244 3,349 4,037 4,470 4,645
Operating Margin 1.92% 12.31% 14.88% 15.74% 19.18% 20.36% 20.69%
Earnings before Tax (EBT) 1 - 2,706 3,646 5,128 4,586 5,603 4,779
Net income 1 - 2,473 2,849 4,132 3,531 4,346 3,688
Net margin - 13.1% 13.07% 19.42% 16.78% 19.79% 16.42%
EPS 2 - 1.900 2.410 3.490 2.990 3.680 3.120
Free Cash Flow 1 - 2,256 2,646 - 1,139 3,800 3,176
FCF margin - 11.95% 12.14% - 5.41% 17.31% 14.14%
FCF Conversion (EBITDA) - 77.23% 68.89% - 24.13% 73.59% 59.49%
FCF Conversion (Net income) - 91.22% 92.87% - 32.26% 87.44% 86.12%
Dividend per Share 2 - 1.500 1.800 - - 2.250 2.340
Announcement Date 31/03/20 28/03/21 25/02/22 24/02/23 30/04/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 5,277 5,947 4,853 5,253 5,403 5,770 5,030 5,187 5,135 5,688 5,149 5,217 5,505 6,026
EBITDA - - - - - - - - - - - - - -
EBIT 1 826 947.2 665.8 831.1 892.7 959.9 914.5 990.2 988 1,144 928 1,100 1,133 1,265
Operating Margin 15.65% 15.93% 13.72% 15.82% 16.52% 16.64% 18.18% 19.09% 19.24% 20.11% 18.02% 21.08% 20.58% 20.99%
Earnings before Tax (EBT) 1 980.9 981.8 2,414 904.5 886.5 922.5 1,109 1,003 963 1,511 1,069 2,063 1,168 1,304
Net income 1 762.1 786.7 2,084 702.7 670 675.8 847.1 755.1 746.5 1,182 809 1,620 904 1,013
Net margin 14.44% 13.23% 42.93% 13.38% 12.4% 11.71% 16.84% 14.56% 14.54% 20.78% 15.71% 31.05% 16.42% 16.81%
EPS 2 0.6500 0.6600 1.770 0.6000 0.5700 0.5700 0.7200 0.6400 0.6300 1.000 0.6800 1.370 0.7700 0.8600
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/11/21 25/02/22 09/05/22 05/08/22 04/11/22 24/02/23 11/05/23 09/08/23 10/11/23 30/04/24 - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - 3,875 1,355 - 5,328 4,047 3,521
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - 1.327 x 0.3528 x - 1.128 x 0.7837 x 0.6595 x
Free Cash Flow 1 - 2,256 2,646 - 1,139 3,800 3,176
ROE (net income / shareholders' equity) - 12.2% 13.7% - 14.8% 16.5% 13.5%
ROA (Net income/ Total Assets) - 6.89% 8.08% - 8.88% 10.4% 8.6%
Assets 1 - 35,887 35,245 - 39,750 41,788 42,884
Book Value Per Share 2 - - 18.20 - 20.80 22.40 23.30
Cash Flow per Share - - - - - - -
Capex 1 - 582 1,191 - 2,645 1,469 1,004
Capex / Sales - 3.08% 5.46% - 12.57% 6.69% 4.47%
Announcement Date 31/03/20 28/03/21 25/02/22 24/02/23 30/04/24 - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
46.5 TWD
Average target price
59 TWD
Spread / Average Target
+26.88%
Consensus
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