Financials Shin Shin Natural Gas Company Limited

Equities

9918

TW0009918003

Natural Gas Utilities

End-of-day quote Taiwan S.E. 18:00:00 2024-05-14 EDT 5-day change 1st Jan Change
41.95 TWD +1.70% Intraday chart for Shin Shin Natural Gas Company Limited +1.33% +2.44%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,963 6,035 6,853 7,619 7,459 7,289
Enterprise Value (EV) 1 4,148 3,974 4,747 5,356 5,449 4,804
P/E ratio 26.4 x 23.1 x 21 x 22.3 x 51.8 x 20.5 x
Yield 3.43% 3.98% 4.16% 3.97% 2.39% 3.66%
Capitalization / Revenue 2.76 x 2.79 x 3.45 x 4.25 x 3.83 x 3.77 x
EV / Revenue 1.92 x 1.84 x 2.39 x 2.99 x 2.8 x 2.49 x
EV / EBITDA 8.93 x 9.52 x 9.21 x 10.9 x 9.57 x 8.84 x
EV / FCF 129 x 32.4 x -753 x 31.6 x 36.9 x 13.6 x
FCF Yield 0.77% 3.08% -0.13% 3.17% 2.71% 7.35%
Price to Book 2.05 x 2.02 x 2.23 x 2.43 x 2.5 x 2.3 x
Nbr of stocks (in thousands) 178,009 178,010 178,010 178,010 178,010 178,010
Reference price 2 33.50 33.90 38.50 42.80 41.90 40.95
Announcement Date 19-03-27 20-03-27 21-03-25 22-03-24 23-03-21 24-03-14
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,163 2,161 1,986 1,794 1,946 1,932
EBITDA 1 464.6 417.5 515.4 492.7 569.6 543.4
EBIT 1 290.8 225.5 307.2 261.4 330.3 295.9
Operating Margin 13.44% 10.44% 15.47% 14.57% 16.97% 15.31%
Earnings before Tax (EBT) 1 299.8 307.1 392.6 398.9 213.3 416.9
Net income 1 226.7 261.1 326.7 342.4 143.9 355.9
Net margin 10.48% 12.09% 16.45% 19.08% 7.39% 18.42%
EPS 2 1.270 1.467 1.830 1.920 0.8082 1.999
Free Cash Flow 1 32.12 122.5 -6.304 169.7 147.7 353
FCF margin 1.49% 5.67% -0.32% 9.46% 7.59% 18.27%
FCF Conversion (EBITDA) 6.91% 29.34% - 34.43% 25.93% 64.95%
FCF Conversion (Net income) 14.17% 46.9% - 49.55% 102.68% 99.18%
Dividend per Share 2 1.150 1.350 1.600 1.700 1.000 1.500
Announcement Date 19-03-27 20-03-27 21-03-25 22-03-24 23-03-21 24-03-14
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,816 2,061 2,106 2,263 2,009 2,485
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 32.1 122 -6.3 170 148 353
ROE (net income / shareholders' equity) 7.81% 8.86% 10.8% 11% 4.7% 11.6%
ROA (Net income/ Total Assets) 3.9% 2.88% 3.75% 3.1% 3.87% 3.34%
Assets 1 5,805 9,062 8,711 11,038 3,716 10,659
Book Value Per Share 2 16.40 16.80 17.30 17.60 16.80 17.80
Cash Flow per Share 2 2.400 2.280 2.880 3.130 3.320 2.310
Capex 1 280 350 314 262 294 290
Capex / Sales 12.94% 16.18% 15.83% 14.61% 15.09% 15.03%
Announcement Date 19-03-27 20-03-27 21-03-25 22-03-24 23-03-21 24-03-14
1TWD in Million2TWD
Estimates
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