SINMAG EQUIPMENT CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 154 TWD | +0.33% |
|
+1.65% | +0.65% |
| Mar. 15 | Sinmag Equipment Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Sinmag Equipment Corporation Announces Executive Changes | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,601 | 5,852 | 4,280 | 5,324 | 4,566 | 7,685 |
| Enterprise Value (EV) 1 | 5,030 | 5,231 | 3,754 | 5,034 | 3,741 | 6,593 |
| P/E ratio | 11.9 x | 11.7 x | 12.6 x | 10.5 x | 13.6 x | 12.8 x |
| Yield | 5.83% | 4.29% | 7.97% | 6.6% | 6.6% | 5.88% |
| Capitalization / Revenue | 1.3 x | 1.41 x | 1.3 x | 1.24 x | 1.16 x | 1.71 x |
| EV / Revenue | 1.17 x | 1.26 x | 1.14 x | 1.17 x | 0.95 x | 1.47 x |
| EV / EBITDA | 6.96 x | 7.2 x | 6.61 x | 6.53 x | 5.76 x | 6.77 x |
| EV / FCF | 11.3 x | 13.8 x | 8.99 x | 27.3 x | 8.27 x | 11.4 x |
| FCF Yield | 8.84% | 7.27% | 11.1% | 3.66% | 12.1% | 8.75% |
| Price to Book | 2.72 x | 2.69 x | 1.89 x | 2.22 x | 1.76 x | 2.69 x |
| Nbr of stocks (in thousands) | 50,230 | 50,230 | 50,230 | 50,230 | 50,230 | 50,230 |
| Reference price 2 | 111.5 | 116.5 | 85.20 | 106.0 | 90.90 | 153.0 |
| Announcement Date | 3/29/19 | 3/27/20 | 3/29/21 | 3/30/22 | 3/30/23 | 3/15/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 4,312 | 4,165 | 3,300 | 4,295 | 3,937 | 4,499 |
| EBITDA 1 | 722.3 | 726.6 | 567.6 | 771.3 | 649.7 | 974.5 |
| EBIT 1 | 657.3 | 662.1 | 491.7 | 692.4 | 552.8 | 874.9 |
| Operating Margin | 15.24% | 15.9% | 14.9% | 16.12% | 14.04% | 19.45% |
| Earnings before Tax (EBT) 1 | 689.3 | 687.6 | 492.8 | 702.3 | 626.7 | 935.3 |
| Net income 1 | 473.6 | 503.4 | 340.9 | 510.2 | 336.6 | 603 |
| Net margin | 10.98% | 12.09% | 10.33% | 11.88% | 8.55% | 13.4% |
| EPS 2 | 9.390 | 9.980 | 6.770 | 10.12 | 6.680 | 11.98 |
| Free Cash Flow 1 | 444.9 | 380.1 | 417.5 | 184.4 | 452.6 | 577.1 |
| FCF margin | 10.32% | 9.13% | 12.65% | 4.29% | 11.5% | 12.83% |
| FCF Conversion (EBITDA) | 61.59% | 52.32% | 73.56% | 23.91% | 69.67% | 59.21% |
| FCF Conversion (Net income) | 93.93% | 75.52% | 122.46% | 36.14% | 134.48% | 95.69% |
| Dividend per Share 2 | 6.500 | 5.000 | 6.790 | 7.000 | 6.000 | 9.000 |
| Announcement Date | 3/29/19 | 3/27/20 | 3/29/21 | 3/30/22 | 3/30/23 | 3/15/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 570 | 621 | 526 | 290 | 825 | 1,092 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 445 | 380 | 418 | 184 | 453 | 577 |
| ROE (net income / shareholders' equity) | 23.3% | 23.7% | 15.5% | 21.8% | 13.8% | 22.4% |
| ROA (Net income/ Total Assets) | 12.6% | 12.7% | 9.11% | 12.1% | 9.29% | 14.2% |
| Assets 1 | 3,768 | 3,974 | 3,743 | 4,223 | 3,622 | 4,247 |
| Book Value Per Share 2 | 41.10 | 43.30 | 45.20 | 47.80 | 51.60 | 56.90 |
| Cash Flow per Share 2 | 16.10 | 15.90 | 15.40 | 12.60 | 14.80 | 19.70 |
| Capex 1 | 150 | 288 | 36.3 | 88.7 | 86.9 | 144 |
| Capex / Sales | 3.47% | 6.9% | 1.1% | 2.07% | 2.21% | 3.21% |
| Announcement Date | 3/29/19 | 3/27/20 | 3/29/21 | 3/30/22 | 3/30/23 | 3/15/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +0.65% | 237M | |
| -8.70% | 2.89B | |
| +25.82% | 1.81B | |
| -21.78% | 533M | |
| -16.28% | 299M | |
| +5.96% | 293M | |
| -21.66% | 285M | |
| -30.21% | 221M |
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