Financials Shihlin Electric & Engineering Corp.

Equities

1503

TW0001503001

Heavy Electrical Equipment

End-of-day quote Taiwan S.E. 06:00:00 2024-05-09 pm EDT 5-day change 1st Jan Change
283.5 TWD -3.24% Intraday chart for Shihlin Electric & Engineering Corp. +0.89% +139.24%

Valuation

Fiscal Period: December 2022 2023 2024 2025
Capitalization 1 31,519 61,735 147,696 -
Enterprise Value (EV) 1 31,519 59,813 145,947 143,342
P/E ratio 15.8 x 26.3 x 39.3 x 28.5 x
Yield - 2.53% 1.16% 1.55%
Capitalization / Revenue - 1.94 x 3.68 x 2.93 x
EV / Revenue - 1.88 x 3.64 x 2.84 x
EV / EBITDA - 18.6 x 24.3 x 19.2 x
EV / FCF - 16.8 x 50.1 x 39.1 x
FCF Yield - 5.94% 2% 2.56%
Price to Book - 1.9 x 4.32 x 4 x
Nbr of stocks (in thousands) 520,972 520,972 520,972 -
Reference price 2 60.50 118.5 283.5 283.5
Announcement Date 3/15/23 3/15/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2022 2023 2024 2025
Net sales 1 - 31,807 40,081 50,438
EBITDA 1 - 3,222 6,004 7,452
EBIT 1 - 2,464 4,732 6,426
Operating Margin - 7.75% 11.81% 12.74%
Earnings before Tax (EBT) 1 - 3,114 5,242 7,002
Net income 1 2,010 2,348 3,984 5,322
Net margin - 7.38% 9.94% 10.55%
EPS 2 3.840 4.500 7.210 9.947
Free Cash Flow 1 - 3,552 2,914 3,663
FCF margin - 11.17% 7.27% 7.26%
FCF Conversion (EBITDA) - 110.23% 48.53% 49.16%
FCF Conversion (Net income) - 151.24% 73.14% 68.83%
Dividend per Share 2 - 3.000 3.300 4.400
Announcement Date 3/15/23 3/15/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 8,972 7,677 7,700 7,458 10,001 9,653 9,796 10,632 11,010
EBITDA 1 - - 795.9 601 1,269 1,164 1,202 1,020 -
EBIT 1 994.2 456.5 605.7 407.6 1,250 1,071 1,186 1,225 1,621
Operating Margin 11.08% 5.95% 7.87% 5.47% 12.5% 11.09% 12.11% 11.52% 14.72%
Earnings before Tax (EBT) 1 - - 870.6 361.7 1,410 1,194 1,322 1,316 1,781
Net income 1 - - 669.4 290.5 1,071 908 1,005 1,000 1,353
Net margin - - 8.69% 3.9% 10.71% 9.41% 10.26% 9.41% 12.29%
EPS 2 - - 1.280 0.5600 2.060 1.740 1.930 1.920 2.600
Dividend per Share - - - - - - - - -
Announcement Date 5/15/23 8/14/23 11/14/23 3/15/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2022 2023 2024 2025
Net Debt 1 - - - -
Net Cash position 1 - 1,922 1,749 4,354
Leverage (Debt/EBITDA) - - - -
Free Cash Flow 1 - 3,552 2,914 3,663
ROE (net income / shareholders' equity) - 7.77% 12.4% 15%
ROA (Net income/ Total Assets) - 4.55% 7.47% 9.12%
Assets 1 - 51,560 53,333 58,382
Book Value Per Share 2 - 62.20 65.60 70.90
Cash Flow per Share 2 - 8.510 7.640 9.800
Capex 1 - 895 1,000 850
Capex / Sales - 2.81% 2.49% 1.69%
Announcement Date 3/15/23 3/15/24 - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
283.5 TWD
Average target price
272 TWD
Spread / Average Target
-4.06%
Consensus
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