Financials Tai Sin Electric Limited

Equities

500

SG1F88861140

Electrical Components & Equipment

Delayed Singapore S.E. 04:59:34 2024-04-29 am EDT 5-day change 1st Jan Change
0.395 SGD +2.60% Intraday chart for Tai Sin Electric Limited -1.27% -1.27%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 161.1 141.9 138.1 170.3 179.5 186.4
Enterprise Value (EV) 1 162.1 150.9 135.9 160.8 193.3 200.1
P/E ratio 10.4 x 12.1 x 14 x 9.87 x 8.16 x 11.2 x
Yield 6.08% 7.03% 5% 6.08% 6.03% 5.8%
Capitalization / Revenue 0.5 x 0.42 x 0.5 x 0.57 x 0.47 x 0.44 x
EV / Revenue 0.5 x 0.45 x 0.49 x 0.54 x 0.51 x 0.47 x
EV / EBITDA 7.57 x 8.11 x 7.54 x 7.9 x 6.12 x 7.26 x
EV / FCF -21.7 x -128 x 5.29 x 7.29 x -7.99 x 31.7 x
FCF Yield -4.61% -0.78% 18.9% 13.7% -12.5% 3.16%
Price to Book 0.93 x 0.81 x 0.76 x 0.9 x 0.89 x 0.91 x
Nbr of stocks (in thousands) 435,516 443,358 460,262 460,262 460,262 460,262
Reference price 2 0.3700 0.3200 0.3000 0.3700 0.3900 0.4050
Announcement Date 10/16/18 9/25/19 10/13/20 10/13/21 10/12/22 10/8/23
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 324.5 335.7 276.4 298.4 379.1 421.7
EBITDA 1 21.41 18.61 18.02 20.35 31.57 27.55
EBIT 1 16.11 13.09 12.31 15.02 26.48 22.41
Operating Margin 4.96% 3.9% 4.45% 5.03% 6.99% 5.31%
Earnings before Tax (EBT) 1 18.22 13.95 12.41 21.32 27.28 21.39
Net income 1 15.46 11.75 9.702 17.28 22.01 16.67
Net margin 4.76% 3.5% 3.51% 5.79% 5.81% 3.95%
EPS 2 0.0355 0.0265 0.0214 0.0375 0.0478 0.0362
Free Cash Flow 1 -7.48 -1.184 25.66 22.07 -24.19 6.314
FCF margin -2.3% -0.35% 9.28% 7.4% -6.38% 1.5%
FCF Conversion (EBITDA) - - 142.46% 108.45% - 22.92%
FCF Conversion (Net income) - - 264.53% 127.71% - 37.87%
Dividend per Share 2 0.0225 0.0225 0.0150 0.0225 0.0235 0.0235
Announcement Date 10/16/18 9/25/19 10/13/20 10/13/21 10/12/22 10/8/23
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 1 9.04 - - 13.8 13.7
Net Cash position 1 - - 2.21 9.49 - -
Leverage (Debt/EBITDA) 0.0467 x 0.4857 x - - 0.4385 x 0.4979 x
Free Cash Flow 1 -7.48 -1.18 25.7 22.1 -24.2 6.31
ROE (net income / shareholders' equity) 9.08% 6.82% 5.59% 9.36% 11.2% 8.19%
ROA (Net income/ Total Assets) 4.48% 3.47% 3.21% 3.5% 5.43% 4.53%
Assets 1 345.2 338.9 302.7 494.1 404.9 367.7
Book Value Per Share 2 0.4000 0.4000 0.3900 0.4100 0.4400 0.4400
Cash Flow per Share 2 0.0400 0.0400 0.0700 0.0900 0.0600 0.0700
Capex 1 3.88 11.4 4.05 6.67 4.52 5.02
Capex / Sales 1.19% 3.4% 1.46% 2.23% 1.19% 1.19%
Announcement Date 10/16/18 9/25/19 10/13/20 10/13/21 10/12/22 10/8/23
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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