Financials Kian Shen Corporation

Equities

1525

TW0001525004

Auto, Truck & Motorcycle Parts

End-of-day quote Taiwan S.E. 06:00:00 2024-05-05 pm EDT 5-day change 1st Jan Change
71.3 TWD +0.85% Intraday chart for Kian Shen Corporation +2.59% -9.06%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,096 4,125 5,006 4,514 4,184 5,755
Enterprise Value (EV) 1 3,810 4,003 4,520 3,858 2,958 4,004
P/E ratio 9.04 x 14.2 x 15.5 x 14.7 x 15.5 x 14.3 x
Yield 3.23% 3.56% 3.23% 3.41% 3.68% 4.21%
Capitalization / Revenue 3.06 x 3.32 x 4.75 x 3.54 x 2.79 x 3.6 x
EV / Revenue 2.85 x 3.22 x 4.29 x 3.02 x 1.97 x 2.5 x
EV / EBITDA 52.8 x 61.1 x 97.4 x 62.8 x 29.9 x 30.7 x
EV / FCF -1,310 x -11 x 22.7 x 61.4 x -56.2 x 218 x
FCF Yield -0.08% -9.08% 4.4% 1.63% -1.78% 0.46%
Price to Book 1 x 1 x 1.16 x 1.02 x 0.91 x 1.2 x
Nbr of stocks (in thousands) 73,400 73,400 73,400 73,400 73,400 73,400
Reference price 2 55.80 56.20 68.20 61.50 57.00 78.40
Announcement Date 3/27/19 3/27/20 3/19/21 3/15/22 3/30/23 3/8/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,338 1,242 1,053 1,276 1,500 1,598
EBITDA 1 72.12 65.51 46.39 61.44 98.83 130.2
EBIT 1 35.57 29.38 6.304 14.51 44.75 65.39
Operating Margin 2.66% 2.37% 0.6% 1.14% 2.98% 4.09%
Earnings before Tax (EBT) 1 539 421.5 410.1 376.1 339.1 552.2
Net income 1 453.2 289.9 324 306.8 269.8 403.8
Net margin 33.88% 23.34% 30.77% 24.05% 17.98% 25.26%
EPS 2 6.170 3.950 4.410 4.179 3.670 5.500
Free Cash Flow 1 -2.909 -363.6 198.8 62.8 -52.61 18.32
FCF margin -0.22% -29.27% 18.87% 4.92% -3.51% 1.15%
FCF Conversion (EBITDA) - - 428.41% 102.21% - 14.07%
FCF Conversion (Net income) - - 61.33% 20.47% - 4.54%
Dividend per Share 2 1.800 2.000 2.200 2.100 2.100 3.300
Announcement Date 3/27/19 3/27/20 3/19/21 3/15/22 3/30/23 3/8/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 286 122 486 656 1,226 1,751
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -2.91 -364 199 62.8 -52.6 18.3
ROE (net income / shareholders' equity) 11.3% 7.05% 7.69% 7% 5.96% 8.59%
ROA (Net income/ Total Assets) 0.45% 0.37% 0.08% 0.17% 0.51% 0.72%
Assets 1 99,669 79,089 424,699 179,501 52,740 56,133
Book Value Per Share 2 56.00 56.00 58.90 60.50 62.90 65.20
Cash Flow per Share 2 2.750 0.8600 5.570 10.60 18.40 24.30
Capex - - 0.06 24.4 80.2 81.9
Capex / Sales - - 0.01% 1.91% 5.35% 5.12%
Announcement Date 3/27/19 3/27/20 3/19/21 3/15/22 3/30/23 3/8/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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