Financials Bright Sheland International Co., Ltd.

Equities

4556

TW0004556006

Industrial Machinery & Equipment

End-of-day quote Taipei Exchange 03:30:00 31/05/2024 am IST 5-day change 1st Jan Change
34.6 TWD +0.73% Intraday chart for Bright Sheland International Co., Ltd. +1.47% +21.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,238 1,431 1,340 1,317 1,286 1,194
Enterprise Value (EV) 1 1,362 1,415 1,676 1,839 1,841 1,636
P/E ratio 20 x 34.3 x 76 x 106 x 39.9 x 290 x
Yield 3.56% 2.04% 1.41% 1.11% 1.69% 0.88%
Capitalization / Revenue 2.49 x 2.86 x 2.63 x 2.23 x 1.84 x 1.98 x
EV / Revenue 2.74 x 2.83 x 3.29 x 3.11 x 2.63 x 2.71 x
EV / EBITDA 13 x 17.9 x 31.6 x 28.5 x 18.6 x 20.2 x
EV / FCF 19.6 x 28.7 x -5.64 x -14.6 x 6,983 x 12.1 x
FCF Yield 5.11% 3.48% -17.7% -6.84% 0.01% 8.28%
Price to Book 1.94 x 1.8 x 1.71 x 1.69 x 1.53 x 1.47 x
Nbr of stocks (in thousands) 35,228 41,728 41,884 41,884 41,884 41,884
Reference price 2 35.15 34.30 32.00 31.45 30.70 28.50
Announcement Date 29/03/19 31/03/20 31/03/21 31/03/22 31/03/23 20/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 496.6 500.5 509.1 590.7 699.3 603.6
EBITDA 1 105 78.86 53.1 64.6 98.79 81.04
EBIT 1 77.65 53.16 28.72 31.42 58.91 38.2
Operating Margin 15.64% 10.62% 5.64% 5.32% 8.42% 6.33%
Earnings before Tax (EBT) 1 83.78 51.86 26.14 18.27 49.8 16.36
Net income 1 62 40.46 20.78 12.39 32.68 4.115
Net margin 12.48% 8.08% 4.08% 2.1% 4.67% 0.68%
EPS 2 1.760 1.000 0.4212 0.2959 0.7701 0.0982
Free Cash Flow 1 69.57 49.25 -297.1 -125.7 0.2636 135.6
FCF margin 14.01% 9.84% -58.35% -21.28% 0.04% 22.46%
FCF Conversion (EBITDA) 66.23% 62.45% - - 0.27% 167.27%
FCF Conversion (Net income) 112.22% 121.72% - - 0.81% 3,294.09%
Dividend per Share 2 1.250 0.7000 0.4500 0.3500 0.5200 0.2500
Announcement Date 29/03/19 31/03/20 31/03/21 31/03/22 31/03/23 20/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 124 - 335 521 555 443
Net Cash position 1 - 16.6 - - - -
Leverage (Debt/EBITDA) 1.182 x - 6.317 x 8.069 x 5.619 x 5.462 x
Free Cash Flow 1 69.6 49.2 -297 -126 0.26 136
ROE (net income / shareholders' equity) 10.1% 5.65% 2.63% 1.58% 4.04% 0.48%
ROA (Net income/ Total Assets) 4.65% 2.95% 1.26% 1.13% 2.02% 1.38%
Assets 1 1,334 1,373 1,649 1,094 1,620 298.6
Book Value Per Share 2 18.10 19.00 18.70 18.60 20.00 19.30
Cash Flow per Share 2 5.480 7.130 10.40 8.030 8.590 6.220
Capex 1 6.22 29.7 309 113 57.4 6.73
Capex / Sales 1.25% 5.93% 60.75% 19.05% 8.21% 1.11%
Announcement Date 29/03/19 31/03/20 31/03/21 31/03/22 31/03/23 20/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. 4556 Stock
  4. Financials Bright Sheland International Co., Ltd.