Financials Goldsun Building Materials Co., Ltd.

Equities

2504

TW0002504008

Construction Materials

End-of-day quote Taiwan S.E. 06:00:00 2024-06-05 pm EDT 5-day change 1st Jan Change
47.15 TWD +2.84% Intraday chart for Goldsun Building Materials Co., Ltd. +0.53% +67.50%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 19,892 29,345 34,306 29,716 33,129 55,490 -
Enterprise Value (EV) 1 19,892 33,220 35,661 29,716 38,457 59,537 59,011
P/E ratio - 13.2 x 12.1 x 7.23 x 9.41 x 12.8 x 15.1 x
Yield - 6% 6.17% - - 4.77% 4.96%
Capitalization / Revenue 1.05 x 1.55 x 1.57 x 1.4 x 1.57 x 2.53 x 2.47 x
EV / Revenue 1.05 x 1.76 x 1.64 x 1.4 x 1.83 x 2.71 x 2.63 x
EV / EBITDA - 11.4 x 9.29 x 7.29 x 8.15 x 11.5 x 11.1 x
EV / FCF - 14.7 x 13.5 x - 33.8 x 15.7 x 18.6 x
FCF Yield - 6.79% 7.42% - 2.96% 6.38% 5.38%
Price to Book - - 1.6 x - 1.35 x 2.1 x 2.03 x
Nbr of stocks (in thousands) 1,182,182 1,173,809 1,176,884 1,176,884 1,176,884 1,176,884 -
Reference price 2 16.83 25.00 29.15 25.25 28.15 47.15 47.15
Announcement Date 3/31/20 3/28/21 2/25/22 2/24/23 4/30/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 19,005 18,878 21,802 21,279 21,041 21,958 22,454
EBITDA 1 - 2,921 3,841 4,074 4,721 5,164 5,339
EBIT 1 364.2 2,324 3,244 3,349 4,037 4,470 4,645
Operating Margin 1.92% 12.31% 14.88% 15.74% 19.18% 20.36% 20.69%
Earnings before Tax (EBT) 1 - 2,706 3,646 5,128 4,586 5,603 4,779
Net income 1 - 2,473 2,849 4,132 3,531 4,346 3,688
Net margin - 13.1% 13.07% 19.42% 16.78% 19.79% 16.42%
EPS 2 - 1.900 2.410 3.490 2.990 3.680 3.120
Free Cash Flow 1 - 2,256 2,646 - 1,139 3,800 3,176
FCF margin - 11.95% 12.14% - 5.41% 17.31% 14.14%
FCF Conversion (EBITDA) - 77.23% 68.89% - 24.13% 73.59% 59.49%
FCF Conversion (Net income) - 91.22% 92.87% - 32.26% 87.44% 86.12%
Dividend per Share 2 - 1.500 1.800 - - 2.250 2.340
Announcement Date 3/31/20 3/28/21 2/25/22 2/24/23 4/30/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 5,947 4,853 5,253 5,403 5,770 5,030 5,187 5,135 5,688 5,149 5,277 5,505 6,026
EBITDA - - - - - - - - - - - - -
EBIT 1 947.2 665.8 831.1 892.7 959.9 914.5 990.2 988 1,144 1,105 1,031 1,133 1,265
Operating Margin 15.93% 13.72% 15.82% 16.52% 16.64% 18.18% 19.09% 19.24% 20.11% 21.45% 19.54% 20.58% 20.99%
Earnings before Tax (EBT) 1 981.8 2,414 904.5 886.5 922.5 1,109 1,003 963 1,511 1,104 2,063 1,168 1,304
Net income 1 786.7 2,084 702.7 670 675.8 847.1 755.1 746.5 1,182 825.9 1,620 904 1,013
Net margin 13.23% 42.93% 13.38% 12.4% 11.71% 16.84% 14.56% 14.54% 20.78% 16.04% 30.7% 16.42% 16.81%
EPS 2 0.6600 1.770 0.6000 0.5700 0.5700 0.7200 0.6400 0.6300 1.000 0.7000 1.370 0.7700 0.8600
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/25/22 5/9/22 8/5/22 11/4/22 2/24/23 5/11/23 8/9/23 11/10/23 4/30/24 5/15/24 - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - 3,875 1,355 - 5,328 4,047 3,521
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - 1.327 x 0.3528 x - 1.128 x 0.7837 x 0.6595 x
Free Cash Flow 1 - 2,256 2,646 - 1,139 3,800 3,176
ROE (net income / shareholders' equity) - 12.2% 13.7% - 14.8% 16.5% 13.5%
ROA (Net income/ Total Assets) - 6.89% 8.08% - 8.88% 10.4% 8.6%
Assets 1 - 35,887 35,245 - 39,750 41,788 42,884
Book Value Per Share 2 - - 18.20 - 20.80 22.40 23.30
Cash Flow per Share - - - - - - -
Capex 1 - 582 1,191 - 2,645 1,469 1,004
Capex / Sales - 3.08% 5.46% - 12.57% 6.69% 4.47%
Announcement Date 3/31/20 3/28/21 2/25/22 2/24/23 4/30/24 - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
47.15 TWD
Average target price
59 TWD
Spread / Average Target
+25.13%
Consensus
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