SINCERE NAVIGATION CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.95 TWD | +0.97% |
|
+0.97% | +2.37% |
| Mar. 13 | Sincere Navigation Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 12 | Sincere Navigation Corporation Approves Cash Dividend | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,863 | 13,288 | 17,092 | 11,707 | 14,839 | 15,190 | - |
| Enterprise Value (EV) 1 | 9,863 | 13,288 | 17,092 | 11,707 | 14,839 | 15,190 | 15,190 |
| P/E ratio | 112 x | 94.6 x | 24.3 x | 58.8 x | 33.4 x | 17.9 x | 12.8 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 2.28 x | 3.33 x | 3.98 x | 2.76 x | 3.51 x | 3.12 x | 3.14 x |
| EV / Revenue | 2.28 x | 3.33 x | 3.98 x | 2.76 x | 3.51 x | 3.12 x | 3.14 x |
| EV / EBITDA | 5.7 x | 6.55 x | - | - | 7.97 x | 7.26 x | 6.02 x |
| EV / FCF | - | - | - | 31.2 x | 15.5 x | 5.61 x | - |
| FCF Yield | - | - | - | 3.2% | 6.44% | 17.8% | - |
| Price to Book | - | 0.92 x | 1.18 x | 0.74 x | 0.93 x | 0.91 x | - |
| Nbr of stocks (in thousands) | 585,353 | 585,353 | 585,353 | 585,353 | 585,353 | 585,353 | - |
| Reference price 2 | 16.85 | 22.70 | 29.20 | 20.00 | 25.35 | 25.95 | 25.95 |
| Announcement Date | 3/26/20 | 3/22/21 | 3/15/22 | 3/9/23 | 3/13/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,317 | 3,986 | 4,297 | 4,243 | 4,230 | 4,871 | 4,836 |
| EBITDA 1 | 1,731 | 2,027 | - | - | 1,861 | 2,092 | 2,522 |
| EBIT 1 | 364 | 695.9 | 1,064 | 480.3 | 425.7 | 705 | 1,222 |
| Operating Margin | 8.43% | 17.46% | 24.77% | 11.32% | 10.06% | 14.47% | 25.27% |
| Earnings before Tax (EBT) 1 | 195 | 364 | 784.9 | 300.4 | 573.5 | 923.3 | 1,382 |
| Net income 1 | 88.32 | 141.3 | 704.2 | 197.2 | 444.3 | 850 | 1,190 |
| Net margin | 2.05% | 3.55% | 16.39% | 4.65% | 10.5% | 17.45% | 24.61% |
| EPS 2 | 0.1500 | 0.2400 | 1.200 | 0.3400 | 0.7600 | 1.450 | 2.030 |
| Free Cash Flow 1 | - | - | - | 374.7 | 956.3 | 2,706 | - |
| FCF margin | - | - | - | 8.83% | 22.61% | 55.55% | - |
| FCF Conversion (EBITDA) | - | - | - | - | 51.38% | 129.35% | - |
| FCF Conversion (Net income) | - | - | - | 190.04% | 215.24% | 318.35% | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 3/26/20 | 3/22/21 | 3/15/22 | 3/9/23 | 3/13/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,096 | 1,439 | - | 1,021 | 1,355 | 1,007 | 1,024 | 2,030 | 1,067 | 1,132 | 1,238 | 1,114 | 1,197 | 1,335 | 1,127 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 242.1 | 499.3 | - | 6.283 | 283.8 | 32.58 | 232.6 | - | 64.74 | 95.77 | 186.7 | 174.3 | 163.3 | 233.3 | 233 |
| Operating Margin | 22.08% | 34.69% | - | 0.62% | 20.95% | 3.24% | 22.72% | - | 6.06% | 8.46% | 15.08% | 15.65% | 13.65% | 17.48% | 20.67% |
| Earnings before Tax (EBT) 1 | 252 | 234.1 | - | -90.19 | 300.6 | 111.4 | 190.6 | - | 106.7 | 164.8 | 263 | 154 | 202 | 316 | 273 |
| Net income 1 | 169.9 | 269.8 | 56.16 | -97.74 | 241.9 | 125.5 | 102 | 227.5 | 103.8 | 112.9 | 247 | 116 | 190 | 297 | 237 |
| Net margin | 15.5% | 18.74% | - | -9.57% | 17.86% | 12.47% | 9.96% | 11.2% | 9.73% | 9.98% | 19.95% | 10.41% | 15.87% | 22.25% | 21.03% |
| EPS 2 | 0.2900 | 0.4600 | 0.1000 | -0.1700 | 0.4200 | 0.2100 | 0.1800 | - | 0.1800 | 0.1900 | 0.4200 | 0.2000 | 0.3200 | 0.5100 | 0.4000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 3/15/22 | 8/10/22 | 11/8/22 | 3/9/23 | 5/10/23 | 8/8/23 | 8/8/23 | 11/8/23 | 3/13/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | 375 | 956 | 2,706 | - |
| ROE (net income / shareholders' equity) | 0.57% | 0.94% | - | 1.3% | 2.8% | 4.74% | 6.19% |
| ROA (Net income/ Total Assets) | 0.37% | 0.64% | - | 0.91% | 2.08% | 3.94% | 5.2% |
| Assets 1 | 23,863 | 22,223 | - | 21,600 | 21,391 | 21,574 | 22,885 |
| Book Value Per Share 2 | - | 24.70 | 24.60 | 27.00 | 27.10 | 28.60 | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 247 | 302 | 356 | 1,129 | 1,355 | 51 | 52 |
| Capex / Sales | 5.72% | 7.58% | 8.28% | 26.6% | 32.03% | 1.05% | 1.08% |
| Announcement Date | 3/26/20 | 3/22/21 | 3/15/22 | 3/9/23 | 3/13/24 | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
25.7
TWD
Average target price
32
TWD
Spread / Average Target
+24.51%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.37% | 464M | |
| +25.44% | 11.95B | |
| +29.89% | 4.38B | |
| +36.78% | 3.98B | |
| +16.51% | 2.81B | |
| +21.95% | 1.94B | |
| +17.91% | 1.87B | |
| -18.90% | 1.81B | |
| -0.55% | 1.64B | |
| +32.69% | 1.56B |
- Stock Market
- Equities
- 2605 Stock
- Financials Sincere Navigation Corporation
