Financials Shining Victory Motor Electronic Co., Ltd.

Equities

2248

KYG8T24R1076

Auto, Truck & Motorcycle Parts

End-of-day quote Taipei Exchange 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
42.2 TWD +1.69% Intraday chart for Shining Victory Motor Electronic Co., Ltd. +1.69% +16.25%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,121 1,579 938.7 945 1,208 1,525
Enterprise Value (EV) 1 2,026 1,450 898.8 985.7 1,437 1,813
P/E ratio 20 x 77.4 x -447 x 9.87 x 10.9 x 11.1 x
Yield 1.8% 1.57% - 3.16% 2.83% -
Capitalization / Revenue 2.49 x 2.5 x 1.35 x 1.02 x 0.97 x 0.79 x
EV / Revenue 2.37 x 2.29 x 1.29 x 1.06 x 1.15 x 0.94 x
EV / EBITDA 14.1 x 38.5 x 88.3 x 15.7 x 14.1 x 9.32 x
EV / FCF 18.1 x 14.5 x -13.6 x -9.77 x -6.93 x -20 x
FCF Yield 5.51% 6.88% -7.35% -10.2% -14.4% -5%
Price to Book 2.83 x 2.24 x 1.36 x 1.21 x 1.38 x 1.57 x
Nbr of stocks (in thousands) 42,000 42,000 42,000 42,000 42,000 42,000
Reference price 2 50.50 37.60 22.35 22.50 28.75 36.30
Announcement Date 4/29/19 4/29/20 4/23/21 4/28/22 4/28/23 4/29/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 853 632.1 694.2 926.5 1,247 1,928
EBITDA 1 143.3 37.66 10.18 62.74 101.9 194.4
EBIT 1 105.8 -3.158 -27.79 27.3 62.32 131.4
Operating Margin 12.41% -0.5% -4% 2.95% 5% 6.82%
Earnings before Tax (EBT) 1 118.6 26.98 -2.15 104 123.9 166.1
Net income 1 106.2 20.4 -2.08 95.91 111.2 138.1
Net margin 12.45% 3.23% -0.3% 10.35% 8.91% 7.16%
EPS 2 2.529 0.4856 -0.0500 2.280 2.640 3.280
Free Cash Flow 1 111.7 99.7 -66.05 -100.9 -207.5 -90.61
FCF margin 13.09% 15.77% -9.51% -10.89% -16.63% -4.7%
FCF Conversion (EBITDA) 77.92% 264.77% - - - -
FCF Conversion (Net income) 105.14% 488.79% - - - -
Dividend per Share 2 0.9100 0.5900 - 0.7100 0.8138 -
Announcement Date 4/29/19 4/29/20 4/23/21 4/28/22 4/28/23 4/29/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 40.7 230 288
Net Cash position 1 95.5 130 39.9 - - -
Leverage (Debt/EBITDA) - - - 0.6479 x 2.253 x 1.484 x
Free Cash Flow 1 112 99.7 -66 -101 -207 -90.6
ROE (net income / shareholders' equity) 14.7% 2.8% -0.78% 12.6% 13.4% 15%
ROA (Net income/ Total Assets) 6.38% -0.18% -1.52% 1.39% 2.51% 4.11%
Assets 1 1,666 -11,325 136.7 6,880 4,438 3,357
Book Value Per Share 2 17.90 16.80 16.40 18.50 20.90 23.10
Cash Flow per Share 2 3.750 6.380 3.760 3.660 2.690 2.950
Capex 1 35.4 37.3 26.6 51.5 53.6 47.4
Capex / Sales 4.15% 5.9% 3.83% 5.56% 4.3% 2.46%
Announcement Date 4/29/19 4/29/20 4/23/21 4/28/22 4/28/23 4/29/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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