Financials Sheng Yi Development Co.,Ltd

Equities

5455

TW0005455000

Homebuilding

End-of-day quote Taipei Exchange 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
66.5 TWD -0.60% Intraday chart for Sheng Yi Development Co.,Ltd +4.07% +85.75%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,441 1,864 989.1 1,903 1,831 2,345
Enterprise Value (EV) 1 2,205 1,339 653.8 2,577 3,624 3,415
P/E ratio 15.1 x 9.16 x -72 x -312 x 30.6 x 14.1 x
Yield - - - - - -
Capitalization / Revenue 1.8 x 0.68 x 500 x 30.2 x 3.05 x 1.45 x
EV / Revenue 2.75 x 0.49 x 331 x 40.9 x 6.04 x 2.11 x
EV / EBITDA 24.2 x 6.62 x -34.6 x -270 x 63.8 x 18.7 x
EV / FCF -2.45 x 1.06 x -3.48 x -2.55 x -3.17 x 5.18 x
FCF Yield -40.8% 94% -28.7% -39.2% -31.6% 19.3%
Price to Book 4.16 x 3.38 x 1.84 x 3.5 x 3.08 x 3.06 x
Nbr of stocks (in thousands) 65,502 65,502 65,502 65,502 65,502 65,502
Reference price 2 22.00 28.45 15.10 29.05 27.95 35.80
Announcement Date 3/29/19 3/30/20 3/30/21 3/29/22 3/30/23 3/21/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 801.7 2,757 1.978 62.93 599.5 1,616
EBITDA 1 91.3 202.1 -18.9 -9.528 56.81 182.6
EBIT 1 91.26 202 -19.22 -9.848 56.51 182.3
Operating Margin 11.38% 7.33% -971.49% -15.65% 9.43% 11.28%
Earnings before Tax (EBT) 1 95.52 203.4 -13.74 -6.096 59.73 166.2
Net income 1 95.52 203.4 -13.74 -6.096 59.73 166.2
Net margin 11.91% 7.38% -694.89% -9.69% 9.96% 10.28%
EPS 2 1.458 3.105 -0.2098 -0.0931 0.9119 2.537
Free Cash Flow 1 -900.1 1,258 -187.9 -1,011 -1,143 658.9
FCF margin -112.28% 45.65% -9,496.97% -1,607.28% -190.71% 40.76%
FCF Conversion (EBITDA) - 622.48% - - - 360.81%
FCF Conversion (Net income) - 618.71% - - - 396.48%
Dividend per Share - - - - - -
Announcement Date 3/29/19 3/30/20 3/30/21 3/29/22 3/30/23 3/21/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 764 - - 674 1,793 1,070
Net Cash position 1 - 525 335 - - -
Leverage (Debt/EBITDA) 8.373 x - - -70.76 x 31.56 x 5.861 x
Free Cash Flow 1 -900 1,258 -188 -1,011 -1,143 659
ROE (net income / shareholders' equity) 32% 45.3% -2.53% -1.13% 10.5% 24.4%
ROA (Net income/ Total Assets) 4.38% 10.4% -1.84% -0.42% 1.25% 2.56%
Assets 1 2,179 1,959 748.8 1,454 4,797 6,482
Book Value Per Share 2 5.280 8.430 8.180 8.290 9.070 11.70
Cash Flow per Share 2 1.400 8.030 5.130 1.560 1.500 5.090
Capex - - - 0.1 - -
Capex / Sales - - - 0.16% - -
Announcement Date 3/29/19 3/30/20 3/30/21 3/29/22 3/30/23 3/21/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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