Financials Song Shang Electronics Co.,Ltd.

Equities

6156

TW0006156003

Semiconductors

End-of-day quote Taipei Exchange 18:00:00 2024-06-03 EDT 5-day change 1st Jan Change
24.45 TWD -1.41% Intraday chart for Song Shang Electronics Co.,Ltd. -2.00% -3.55%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,633 1,255 1,177 1,578 1,780 1,486
Enterprise Value (EV) 1 1,445 893.4 999.8 1,065 1,300 1,180
P/E ratio 13.4 x 9.86 x 14.5 x 15.1 x 17.4 x 8.54 x
Yield 1.9% 2.59% 1.38% 2.55% 2.34% 4.2%
Capitalization / Revenue 0.36 x 0.27 x 0.29 x 0.4 x 0.38 x 0.35 x
EV / Revenue 0.32 x 0.19 x 0.24 x 0.27 x 0.28 x 0.28 x
EV / EBITDA 5.03 x 2.88 x 4.1 x 3.46 x 5.99 x 4.8 x
EV / FCF 15.4 x 4.74 x 2.87 x 3.14 x -206 x 8.65 x
FCF Yield 6.49% 21.1% 34.8% 31.9% -0.49% 11.6%
Price to Book 1.61 x 1.13 x 1.02 x 1.25 x 1.34 x 1.01 x
Nbr of stocks (in thousands) 80,477 81,258 81,442 80,513 80,535 78,028
Reference price 2 20.29 15.45 14.45 19.60 22.10 19.05
Announcement Date 3/31/18 3/20/19 3/19/20 3/25/21 3/26/22 3/20/23
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 4,566 4,696 4,121 3,963 4,694 4,189
EBITDA 1 287.3 309.9 244 307.6 217 245.7
EBIT 1 129.9 158.5 100.3 189.2 106.5 143.9
Operating Margin 2.85% 3.38% 2.43% 4.77% 2.27% 3.44%
Earnings before Tax (EBT) 1 176.1 213.9 96.2 157.2 116.5 299.7
Net income 1 132.2 135 86.41 107 104.1 200.6
Net margin 2.9% 2.87% 2.1% 2.7% 2.22% 4.79%
EPS 2 1.511 1.566 0.9979 1.296 1.270 2.231
Free Cash Flow 1 93.85 188.5 347.9 339.1 -6.323 136.4
FCF margin 2.06% 4.01% 8.44% 8.56% -0.13% 3.26%
FCF Conversion (EBITDA) 32.66% 60.82% 142.59% 110.23% - 55.53%
FCF Conversion (Net income) 70.97% 139.67% 402.57% 316.92% - 68.01%
Dividend per Share 2 0.3846 0.4000 0.2000 0.5000 0.5161 0.8000
Announcement Date 3/31/18 3/20/19 3/19/20 3/25/21 3/26/22 3/20/23
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 187 362 177 514 480 307
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 93.8 189 348 339 -6.32 136
ROE (net income / shareholders' equity) 9.35% 9.34% 4% 8.31% 6.28% 12.6%
ROA (Net income/ Total Assets) 2.21% 2.56% 1.68% 3.16% 1.64% 2.11%
Assets 1 5,994 5,264 5,155 3,390 6,340 9,493
Book Value Per Share 2 12.60 13.60 14.20 15.60 16.50 18.80
Cash Flow per Share 2 7.560 8.400 5.690 5.180 7.830 8.300
Capex 1 102 118 182 79.8 69.8 64.1
Capex / Sales 2.23% 2.51% 4.41% 2.01% 1.49% 1.53%
Announcement Date 3/31/18 3/20/19 3/19/20 3/25/21 3/26/22 3/20/23
1TWD in Million2TWD
Estimates
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