Financials Sinkang Industries Co., Ltd.

Equities

2032

TW0002032000

Iron & Steel

End-of-day quote Taiwan S.E. 23:00:00 13/05/2024 BST 5-day change 1st Jan Change
17.3 TWD -0.29% Intraday chart for Sinkang Industries Co., Ltd. -0.86% -10.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,188 1,199 2,062 3,106 2,650 2,519
Enterprise Value (EV) 1 978.3 962.7 1,972 3,029 2,469 2,340
P/E ratio 72.4 x 25.5 x 27.2 x 18.6 x 70 x -121 x
Yield 1.43% 3.81% 3.35% 4.96% 0.99% -
Capitalization / Revenue 0.39 x 0.42 x 0.63 x 0.89 x 0.79 x 0.88 x
EV / Revenue 0.32 x 0.34 x 0.6 x 0.87 x 0.73 x 0.82 x
EV / EBITDA 21.1 x 13.7 x 18.3 x 14.6 x 66.7 x -53.7 x
EV / FCF 15.8 x 15.4 x -17.3 x 103 x 10.7 x 27.3 x
FCF Yield 6.33% 6.51% -5.78% 0.97% 9.34% 3.66%
Price to Book 0.72 x 0.72 x 1.21 x 1.71 x 1.55 x 1.52 x
Nbr of stocks (in thousands) 130,522 130,522 130,522 130,522 130,522 130,522
Reference price 2 9.100 9.190 15.80 23.80 20.30 19.30
Announcement Date 28/03/19 16/03/20 26/03/21 25/03/22 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 3,067 2,844 3,267 3,489 3,361 2,862
EBITDA 1 46.31 70.28 107.7 207.9 37.03 -43.59
EBIT 1 24.92 48.98 88.6 190.2 17.04 -58.79
Operating Margin 0.81% 1.72% 2.71% 5.45% 0.51% -2.05%
Earnings before Tax (EBT) 1 20.03 57.7 92.34 205.2 45.92 -26.2
Net income 1 16.4 47.38 75.99 166.9 38.22 -20.81
Net margin 0.53% 1.67% 2.33% 4.78% 1.14% -0.73%
EPS 2 0.1257 0.3600 0.5800 1.279 0.2900 -0.1600
Free Cash Flow 1 61.97 62.66 -114 29.51 230.7 85.66
FCF margin 2.02% 2.2% -3.49% 0.85% 6.86% 2.99%
FCF Conversion (EBITDA) 133.82% 89.16% - 14.19% 622.81% -
FCF Conversion (Net income) 377.8% 132.26% - 17.68% 603.55% -
Dividend per Share 2 0.1300 0.3500 0.5300 1.180 0.2000 -
Announcement Date 28/03/19 16/03/20 26/03/21 25/03/22 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 - - - - - -
Net Cash position 1 209 237 90.7 77.6 180 179
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 62 62.7 -114 29.5 231 85.7
ROE (net income / shareholders' equity) 1% 2.86% 4.49% 9.48% 2.17% -1.24%
ROA (Net income/ Total Assets) 0.78% 1.54% 2.72% 5.51% 0.51% -1.93%
Assets 1 2,092 3,068 2,795 3,030 7,466 1,079
Book Value Per Share 2 12.60 12.80 13.10 13.90 13.10 12.70
Cash Flow per Share 2 1.370 1.440 0.9600 0.9400 1.500 1.560
Capex 1 9.42 24.8 - 3.82 - 1
Capex / Sales 0.31% 0.87% - 0.11% - 0.03%
Announcement Date 28/03/19 16/03/20 26/03/21 25/03/22 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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