TING SIN CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.56 TWD | -9.88% |
|
0.00% | -48.00% |
| Apr. 10 | Ting Sin Co., Ltd.(TWSE:2358) dropped from Taiwan TAIEX Index | CI |
| Mar. 15 | Ting Sin Co., Ltd. Announces Resignation of Jiang Ronglong as Independent Director | CI |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,171 | 1,741 | 1,562 | 1,400 | 2,872 | 1,751 |
| Enterprise Value (EV) 1 | 2,011 | 2,907 | 3,072 | 2,937 | 4,655 | 3,438 |
| P/E ratio | 38.1 x | 24 x | 1,685 x | 137 x | 17.9 x | 1,405 x |
| Yield | - | - | 1.21% | 0.49% | 1.19% | - |
| Capitalization / Revenue | 0.47 x | 0.75 x | 0.76 x | 0.73 x | 1.14 x | 0.83 x |
| EV / Revenue | 0.81 x | 1.25 x | 1.49 x | 1.53 x | 1.84 x | 1.63 x |
| EV / EBITDA | 27 x | 22.7 x | 52.1 x | 28.8 x | 17.9 x | 37.2 x |
| EV / FCF | -2.56 x | -4.1 x | -16.1 x | 449 x | -5.59 x | -428 x |
| FCF Yield | -39% | -24.4% | -6.21% | 0.22% | -17.9% | -0.23% |
| Price to Book | 2.11 x | 1.39 x | 1.28 x | 1.15 x | 1.61 x | 0.99 x |
| Nbr of stocks (in thousands) | 49,616 | 94,616 | 92,724 | 92,724 | 124,616 | 124,616 |
| Reference price 2 | 23.60 | 18.40 | 16.85 | 15.10 | 23.05 | 14.05 |
| Announcement Date | 3/27/18 | 3/22/19 | 3/27/20 | 3/2/21 | 3/9/22 | 3/31/23 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,481 | 2,332 | 2,058 | 1,921 | 2,523 | 2,113 |
| EBITDA 1 | 74.4 | 128.2 | 58.95 | 102 | 260.7 | 92.43 |
| EBIT 1 | 18.97 | 84.24 | 34.13 | 59.52 | 211.8 | 37.74 |
| Operating Margin | 0.76% | 3.61% | 1.66% | 3.1% | 8.4% | 1.79% |
| Earnings before Tax (EBT) 1 | 29.21 | 54.76 | -2.347 | 15.32 | 173.8 | -3.35 |
| Net income 1 | 34.5 | 70.33 | 1.173 | 10.43 | 144.2 | 1.586 |
| Net margin | 1.39% | 3.02% | 0.06% | 0.54% | 5.71% | 0.08% |
| EPS 2 | 0.6200 | 0.7667 | 0.0100 | 0.1100 | 1.290 | 0.0100 |
| Free Cash Flow 1 | -784.3 | -708.8 | -190.7 | 6.544 | -833.2 | -8.031 |
| FCF margin | -31.62% | -30.39% | -9.27% | 0.34% | -33.03% | -0.38% |
| FCF Conversion (EBITDA) | - | - | - | 6.42% | - | - |
| FCF Conversion (Net income) | - | - | - | 62.75% | - | - |
| Dividend per Share | - | - | 0.2041 | 0.0744 | 0.2736 | - |
| Announcement Date | 3/27/18 | 3/22/19 | 3/27/20 | 3/2/21 | 3/9/22 | 3/31/23 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 840 | 1,166 | 1,509 | 1,537 | 1,782 | 1,687 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 11.29 x | 9.098 x | 25.61 x | 15.07 x | 6.836 x | 18.25 x |
| Free Cash Flow 1 | -784 | -709 | -191 | 6.54 | -833 | -8.03 |
| ROE (net income / shareholders' equity) | 5.59% | 6.61% | 0.1% | 0.86% | 9.62% | -0.19% |
| ROA (Net income/ Total Assets) | 0.72% | 2.37% | 0.77% | 1.22% | 3.71% | 0.59% |
| Assets 1 | 4,799 | 2,965 | 151.7 | 853.4 | 3,890 | 267.9 |
| Book Value Per Share 2 | 11.20 | 13.30 | 13.20 | 13.10 | 14.30 | 14.20 |
| Cash Flow per Share 2 | 0.3200 | 0.6300 | 0.6700 | 1.640 | 0.7400 | 1.020 |
| Capex 1 | 32.6 | 77.6 | 162 | 117 | 29.7 | 35.6 |
| Capex / Sales | 1.31% | 3.33% | 7.89% | 6.09% | 1.18% | 1.68% |
| Announcement Date | 3/27/18 | 3/22/19 | 3/27/20 | 3/2/21 | 3/9/22 | 3/31/23 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -48.00% | 19.1M | |
| -16.37% | 2.51B | |
| -6.87% | 1.69B | |
| +3.82% | 826M | |
| -15.33% | 777M | |
| -18.68% | 631M | |
| -25.45% | 564M | |
| -27.62% | 264M | |
| -32.91% | 226M | |
| -25.85% | 148M |
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