Financials Taiwan Shin Kong Security Co., Ltd.

Equities

9925

TW0009925008

Business Support Services

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
41.3 TWD -0.36% Intraday chart for Taiwan Shin Kong Security Co., Ltd. +0.73% +2.35%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 14,607 14,189 14,196 15,118 15,022 15,503
Enterprise Value (EV) 1 9,591 9,541 9,725 9,902 10,340 10,493
P/E ratio 17.6 x 17.5 x 16.1 x 15.7 x 15.6 x 16.6 x
Yield 5.21% 5.09% 5.41% 5.08% 5.12% 4.96%
Capitalization / Revenue 2.07 x 2 x 1.97 x 2 x 1.96 x 2.01 x
EV / Revenue 1.36 x 1.35 x 1.35 x 1.31 x 1.35 x 1.36 x
EV / EBITDA 7.43 x 7.17 x 6.72 x 6.49 x 6.61 x 7.02 x
EV / FCF 18.2 x 22.3 x 22.6 x 11.3 x 18.9 x 17.7 x
FCF Yield 5.51% 4.49% 4.42% 8.86% 5.29% 5.66%
Price to Book 1.52 x 1.46 x 1.39 x 1.41 x 1.43 x 1.39 x
Nbr of stocks (in thousands) 384,206 384,206 384,206 384,206 384,206 384,206
Reference price 2 38.02 36.93 36.95 39.35 39.10 40.35
Announcement Date 3/29/19 3/30/20 3/31/21 3/31/22 3/16/23 3/14/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,044 7,079 7,195 7,567 7,653 7,713
EBITDA 1 1,290 1,331 1,447 1,525 1,565 1,495
EBIT 1 732.4 771.5 856.7 978.8 982.5 875.6
Operating Margin 10.4% 10.9% 11.91% 12.94% 12.84% 11.35%
Earnings before Tax (EBT) 1 1,055 1,046 1,128 1,240 1,245 1,200
Net income 1 832.5 814 888 963.1 965.2 937.9
Net margin 11.82% 11.5% 12.34% 12.73% 12.61% 12.16%
EPS 2 2.158 2.109 2.300 2.500 2.500 2.430
Free Cash Flow 1 528.2 428.5 429.8 877.4 547.2 593.9
FCF margin 7.5% 6.05% 5.97% 11.6% 7.15% 7.7%
FCF Conversion (EBITDA) 40.94% 32.2% 29.69% 57.55% 34.98% 39.73%
FCF Conversion (Net income) 63.44% 52.64% 48.39% 91.1% 56.7% 63.32%
Dividend per Share 2 1.980 1.881 2.000 2.000 2.000 2.000
Announcement Date 3/29/19 3/30/20 3/31/21 3/31/22 3/16/23 3/14/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 5,016 4,648 4,471 5,216 4,682 5,009
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 528 429 430 877 547 594
ROE (net income / shareholders' equity) 8.37% 8.21% 8.74% 9.06% 8.91% 8.5%
ROA (Net income/ Total Assets) 3.01% 3.07% 3.23% 3.5% 3.45% 3.03%
Assets 1 27,693 26,503 27,458 27,498 27,960 30,967
Book Value Per Share 2 25.10 25.30 26.60 27.90 27.30 29.10
Cash Flow per Share 2 8.130 8.360 8.570 10.70 10.50 11.00
Capex 1 661 593 698 836 823 763
Capex / Sales 9.39% 8.38% 9.69% 11.05% 10.75% 9.89%
Announcement Date 3/29/19 3/30/20 3/31/21 3/31/22 3/16/23 3/14/24
1TWD in Million2TWD
Estimates
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