SINON CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 40.4 TWD | +1.76% |
|
+2.15% | +5.07% |
| 02-23 | Sinon Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 02-23 | Sinon Corporation Declares Cash Dividend, Payable on April 16, 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 7,043 | 7,989 | 9,041 | 11,879 | 15,327 | 16,168 |
| Enterprise Value (EV) 1 | 9,083 | 10,318 | 10,136 | 13,588 | 15,562 | 15,701 |
| P/E ratio | 9.66 x | 11.9 x | 12.6 x | 12.9 x | 9.3 x | 15.4 x |
| Yield | 7.76% | 6.84% | 6.05% | 6.37% | 7.68% | 7.28% |
| Capitalization / Revenue | 0.39 x | 0.47 x | 0.52 x | 0.64 x | 0.67 x | 0.85 x |
| EV / Revenue | 0.5 x | 0.6 x | 0.58 x | 0.73 x | 0.68 x | 0.82 x |
| EV / EBITDA | 5.64 x | 6.81 x | 6.33 x | 7.8 x | 6.11 x | 8.99 x |
| EV / FCF | 12.1 x | 8.24 x | 5.82 x | -822 x | 12.2 x | 8.59 x |
| FCF Yield | 8.26% | 12.1% | 17.2% | -0.12% | 8.22% | 11.6% |
| Price to Book | 1.01 x | 1.14 x | 1.28 x | 1.59 x | 1.78 x | 1.9 x |
| Nbr of stocks (in thousands) | 420,492 | 420,492 | 420,492 | 420,492 | 420,492 | 420,492 |
| Reference price 2 | 16.75 | 19.00 | 21.50 | 28.25 | 36.45 | 38.45 |
| Announcement Date | 19-03-28 | 20-03-23 | 21-03-22 | 22-03-18 | 23-02-24 | 24-02-23 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 18,134 | 17,081 | 17,484 | 18,646 | 23,043 | 19,113 |
| EBITDA 1 | 1,610 | 1,515 | 1,601 | 1,743 | 2,548 | 1,747 |
| EBIT 1 | 940.4 | 885.3 | 977.8 | 1,145 | 2,035 | 1,330 |
| Operating Margin | 5.19% | 5.18% | 5.59% | 6.14% | 8.83% | 6.96% |
| Earnings before Tax (EBT) 1 | 892.9 | 845.7 | 851.1 | 1,155 | 2,144 | 1,381 |
| Net income 1 | 727 | 674.9 | 715.6 | 920.9 | 1,650 | 1,053 |
| Net margin | 4.01% | 3.95% | 4.09% | 4.94% | 7.16% | 5.51% |
| EPS 2 | 1.734 | 1.600 | 1.700 | 2.190 | 3.920 | 2.500 |
| Free Cash Flow 1 | 750.6 | 1,252 | 1,743 | -16.53 | 1,278 | 1,828 |
| FCF margin | 4.14% | 7.33% | 9.97% | -0.09% | 5.55% | 9.57% |
| FCF Conversion (EBITDA) | 46.62% | 82.68% | 108.87% | - | 50.17% | 104.65% |
| FCF Conversion (Net income) | 103.26% | 185.59% | 243.56% | - | 77.47% | 173.67% |
| Dividend per Share 2 | 1.300 | 1.300 | 1.300 | 1.800 | 2.800 | 2.800 |
| Announcement Date | 19-03-28 | 20-03-23 | 21-03-22 | 22-03-18 | 23-02-24 | 24-02-23 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,039 | 2,329 | 1,096 | 1,709 | 235 | - |
| Net Cash position 1 | - | - | - | - | - | 467 |
| Leverage (Debt/EBITDA) | 1.267 x | 1.537 x | 0.6843 x | 0.9808 x | 0.0921 x | - |
| Free Cash Flow 1 | 751 | 1,252 | 1,743 | -16.5 | 1,278 | 1,828 |
| ROE (net income / shareholders' equity) | 10.7% | 9.64% | 10.2% | 12.7% | 20.5% | 12.3% |
| ROA (Net income/ Total Assets) | 3.89% | 3.66% | 4.04% | 4.62% | 7.81% | 5.21% |
| Assets 1 | 18,673 | 18,427 | 17,693 | 19,922 | 21,128 | 20,210 |
| Book Value Per Share 2 | 16.60 | 16.70 | 16.80 | 17.70 | 20.50 | 20.20 |
| Cash Flow per Share 2 | 3.010 | 3.550 | 4.510 | 3.980 | 5.050 | 4.990 |
| Capex 1 | 419 | 355 | 275 | 407 | 343 | 373 |
| Capex / Sales | 2.31% | 2.08% | 1.57% | 2.18% | 1.49% | 1.95% |
| Announcement Date | 19-03-28 | 20-03-23 | 21-03-22 | 22-03-18 | 23-02-24 | 24-02-23 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +5.07% | 521M | |
| +2.36% | 3.63B | |
| -17.31% | 2.23B | |
| -9.80% | 1.92B | |
| +3.66% | 1.88B | |
| -1.86% | 1.67B | |
| +2.91% | 1.17B | |
| -22.39% | 1.03B | |
| -4.02% | 993M | |
| +2.36% | 822M |
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