Financials Shuang-Bang Industrial Corp.

Equities

6506

TW0006506009

Commodity Chemicals

End-of-day quote Taipei Exchange 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
17.2 TWD +1.18% Intraday chart for Shuang-Bang Industrial Corp. +1.47% -0.29%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,381 1,524 1,351 1,627 1,585 1,421
Enterprise Value (EV) 1 1,616 2,233 1,983 2,333 2,092 2,197
P/E ratio 13.1 x 13.4 x 23.1 x 23.8 x 6.09 x 2,234 x
Yield 5.85% 5.95% 4.88% 10.1% 6.23% 2.32%
Capitalization / Revenue 0.63 x 0.74 x 0.84 x 0.81 x 0.73 x 0.9 x
EV / Revenue 0.74 x 1.08 x 1.24 x 1.16 x 0.96 x 1.39 x
EV / EBITDA 7.01 x 9.74 x 13.2 x 13.6 x 13 x 71.5 x
EV / FCF 10.7 x -2.45 x 3.01 x -7.31 x 10.3 x -11 x
FCF Yield 9.35% -40.8% 33.3% -13.7% 9.68% -9.08%
Price to Book 1.15 x 1.23 x 1.12 x 1.34 x 1.2 x 1.16 x
Nbr of stocks (in thousands) 82,361 82,361 82,361 82,361 82,361 82,361
Reference price 2 16.76 18.50 16.40 19.75 19.25 17.25
Announcement Date 01/04/19 30/03/20 30/03/21 23/03/22 17/03/23 14/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,177 2,073 1,605 2,013 2,187 1,581
EBITDA 1 230.6 229.3 150.4 171.9 161.2 30.75
EBIT 1 122.7 128.5 57.64 84.56 81 -57.32
Operating Margin 5.63% 6.2% 3.59% 4.2% 3.7% -3.63%
Earnings before Tax (EBT) 1 124.5 139.6 64.64 91.01 272.2 -34.79
Net income 1 106.2 114.8 58.41 68.65 263.7 0.636
Net margin 4.88% 5.54% 3.64% 3.41% 12.06% 0.04%
EPS 2 1.284 1.380 0.7092 0.8300 3.160 0.007722
Free Cash Flow 1 151.1 -910.1 659.8 -319.4 202.6 -199.4
FCF margin 6.94% -43.9% 41.1% -15.86% 9.26% -12.62%
FCF Conversion (EBITDA) 65.54% - 438.6% - 125.69% -
FCF Conversion (Net income) 142.3% - 1,129.58% - 76.81% -
Dividend per Share 2 0.9804 1.100 0.8000 2.000 1.200 0.4000
Announcement Date 01/04/19 30/03/20 30/03/21 23/03/22 17/03/23 14/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 235 709 633 707 507 776
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.021 x 3.094 x 4.206 x 4.111 x 3.144 x 25.25 x
Free Cash Flow 1 151 -910 660 -319 203 -199
ROE (net income / shareholders' equity) 8.22% 8.76% 4.62% 6.01% 19.4% -1.47%
ROA (Net income/ Total Assets) 3.76% 3.6% 1.5% 2.15% 2.01% -1.44%
Assets 1 2,825 3,194 3,899 3,189 13,138 -44.14
Book Value Per Share 2 14.60 15.00 14.60 14.70 16.10 14.80
Cash Flow per Share 2 1.330 1.170 1.550 1.290 1.630 1.470
Capex 1 130 570 56.8 89.8 238 249
Capex / Sales 5.98% 27.49% 3.54% 4.46% 10.91% 15.76%
Announcement Date 01/04/19 30/03/20 30/03/21 23/03/22 17/03/23 14/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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