TZE SHIN INTERNATIONAL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 27.65 TWD | +9.94% |
|
+12.40% | +66.57% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,212 | 1,218 | 2,050 | 3,471 | 2,552 | 3,137 |
| Enterprise Value (EV) 1 | 1,869 | 2,233 | 2,463 | 2,447 | 1,827 | 2,168 |
| P/E ratio | 23.5 x | -9.73 x | -115 x | 12 x | -9.82 x | 6.72 x |
| Yield | 6.02% | - | - | 4.95% | - | 13.9% |
| Capitalization / Revenue | 1.29 x | 1.35 x | 3.38 x | 4.38 x | 3.5 x | 5.08 x |
| EV / Revenue | 1.99 x | 2.47 x | 4.06 x | 3.09 x | 2.5 x | 3.51 x |
| EV / EBITDA | 64.1 x | -12.1 x | -23.9 x | 78.8 x | 63.7 x | -248 x |
| EV / FCF | 50.8 x | 7.95 x | -11.8 x | 13.4 x | 5.96 x | -6.51 x |
| FCF Yield | 1.97% | 12.6% | -8.47% | 7.48% | 16.8% | -15.4% |
| Price to Book | 0.47 x | 0.5 x | 0.81 x | 1.15 x | 1.03 x | 1.05 x |
| Nbr of stocks (in thousands) | 195,793 | 193,594 | 190,294 | 189,002 | 189,002 | 189,002 |
| Reference price 2 | 6.191 | 6.291 | 10.77 | 18.36 | 13.50 | 16.60 |
| Announcement Date | 4/1/19 | 3/30/20 | 3/31/21 | 3/31/22 | 3/27/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 937.7 | 902.9 | 605.8 | 791.8 | 730 | 617.3 |
| EBITDA 1 | 29.18 | -185.3 | -102.9 | 31.05 | 28.67 | -8.735 |
| EBIT 1 | -27.88 | -238.3 | -150.3 | -31.89 | -15.9 | -49.52 |
| Operating Margin | -2.97% | -26.39% | -24.82% | -4.03% | -2.18% | -8.02% |
| Earnings before Tax (EBT) 1 | 43.81 | -166.7 | -60.25 | 326.2 | -240.5 | 479.9 |
| Net income 1 | 51.56 | -125.1 | -17.84 | 291.2 | -259.8 | 468 |
| Net margin | 5.5% | -13.86% | -2.94% | 36.78% | -35.6% | 75.8% |
| EPS 2 | 0.2633 | -0.6465 | -0.0935 | 1.536 | -1.375 | 2.470 |
| Free Cash Flow 1 | 36.8 | 280.9 | -208.5 | 182.9 | 306.3 | -333.1 |
| FCF margin | 3.92% | 31.11% | -34.42% | 23.1% | 41.96% | -53.95% |
| FCF Conversion (EBITDA) | 126.13% | - | - | 589.12% | 1,068.38% | - |
| FCF Conversion (Net income) | 71.38% | - | - | 62.81% | - | - |
| Dividend per Share 2 | 0.3727 | - | - | 0.9091 | - | 2.300 |
| Announcement Date | 4/1/19 | 3/30/20 | 3/31/21 | 3/31/22 | 3/27/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 657 | 1,015 | 413 | - | - | - |
| Net Cash position 1 | - | - | - | 1,024 | 725 | 969 |
| Leverage (Debt/EBITDA) | 22.53 x | -5.478 x | -4.011 x | - | - | - |
| Free Cash Flow 1 | 36.8 | 281 | -209 | 183 | 306 | -333 |
| ROE (net income / shareholders' equity) | 1.8% | -4.35% | -2.25% | 10.5% | -8.19% | 16% |
| ROA (Net income/ Total Assets) | -0.4% | -3.31% | -2.04% | -0.46% | -0.25% | -0.79% |
| Assets 1 | -12,880 | 3,786 | 875 | -64,000 | 102,341 | -58,915 |
| Book Value Per Share 2 | 13.10 | 12.60 | 13.30 | 16.00 | 13.10 | 15.90 |
| Cash Flow per Share 2 | 1.140 | 1.410 | 2.150 | 4.740 | 1.840 | 3.890 |
| Capex 1 | 52.6 | 25.4 | 56.4 | 27.4 | 43.1 | 14.5 |
| Capex / Sales | 5.61% | 2.81% | 9.31% | 3.46% | 5.9% | 2.35% |
| Announcement Date | 4/1/19 | 3/30/20 | 3/31/21 | 3/31/22 | 3/27/23 | 3/14/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +66.57% | 160M | |
| -9.99% | 39.7B | |
| -18.89% | 16.74B | |
| +4.23% | 11.6B | |
| -8.46% | 6.34B | |
| -16.77% | 2.28B | |
| -18.01% | 2.2B | |
| +15.24% | 1.74B | |
| -19.26% | 1.38B | |
| -0.49% | 1.23B |
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- Financials Tze Shin International Co., Ltd.
