SUNONWEALTH ELECTRIC MACHINE INDUSTRY CO., LTD. Financials Sunonwealth Electric Machine Industry Co., Ltd.
Equities
2421
TW0002421005
Electrical Components & Equipment
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 114 TWD | +0.88% |
|
-4.60% | +6.05% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,882 | 13,500 | 11,141 | 10,715 | 29,296 | 31,173 | - | - |
| Enterprise Value (EV) 1 | 11,747 | 12,703 | 11,738 | 9,952 | 26,119 | 28,040 | 27,539 | 27,699 |
| P/E ratio | 17.5 x | 15.9 x | 26 x | 9.86 x | 21.2 x | 17.3 x | 13.8 x | - |
| Yield | 4.22% | 4.46% | 2.7% | 6.09% | 3.26% | 3.5% | 4.55% | 8.22% |
| Capitalization / Revenue | 1.02 x | 1.06 x | 0.82 x | 0.76 x | 2.27 x | 2.08 x | 1.78 x | 1.61 x |
| EV / Revenue | 1.01 x | 0.99 x | 0.87 x | 0.71 x | 2.02 x | 1.87 x | 1.57 x | 1.43 x |
| EV / EBITDA | 9.59 x | 8.12 x | 12 x | 6.09 x | 12.7 x | 10.7 x | 8.59 x | 8.21 x |
| EV / FCF | 20.3 x | 10.8 x | -46.4 x | 5.64 x | 13.9 x | 28.9 x | 21.5 x | 17.6 x |
| FCF Yield | 4.92% | 9.29% | -2.16% | 17.7% | 7.19% | 3.46% | 4.66% | 5.69% |
| Price to Book | 2.81 x | 2.94 x | 2.55 x | 2.06 x | 3.85 x | 3.88 x | 3.52 x | 3.55 x |
| Nbr of stocks (in thousands) | 2,50,930 | 2,50,930 | 2,50,930 | 2,50,930 | 2,72,524 | 2,73,444 | - | - |
| Reference price 2 | 47.35 | 53.80 | 44.40 | 42.70 | 107.5 | 114.0 | 114.0 | 114.0 |
| Announcement Date | 11/03/20 | 11/03/21 | 10/03/22 | 09/03/23 | 07/03/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,660 | 12,781 | 13,562 | 14,063 | 12,915 | 15,004 | 17,517 | 19,393 |
| EBITDA 1 | 1,225 | 1,564 | 980.8 | 1,635 | 2,065 | 2,619 | 3,206 | 3,375 |
| EBIT 1 | 787.3 | 1,114 | 463.7 | 1,122 | 1,530 | 2,065 | 2,784 | 3,266 |
| Operating Margin | 6.75% | 8.72% | 3.42% | 7.98% | 11.85% | 13.76% | 15.89% | 16.84% |
| Earnings before Tax (EBT) 1 | 909.7 | 1,088 | 585.2 | 1,426 | 1,752 | 2,327 | 2,933 | 3,436 |
| Net income 1 | 680.8 | 851.6 | 429.3 | 1,089 | 1,334 | 1,808 | 2,262 | 2,663 |
| Net margin | 5.84% | 6.66% | 3.17% | 7.74% | 10.33% | 12.05% | 12.91% | 13.73% |
| EPS 2 | 2.710 | 3.390 | 1.710 | 4.330 | 5.070 | 6.595 | 8.284 | - |
| Free Cash Flow 1 | 577.4 | 1,180 | -253 | 1,764 | 1,877 | 970 | 1,283 | 1,576 |
| FCF margin | 4.95% | 9.23% | -1.87% | 12.54% | 14.54% | 6.46% | 7.32% | 8.13% |
| FCF Conversion (EBITDA) | 47.14% | 75.43% | - | 107.93% | 90.92% | 37.03% | 40.02% | 46.69% |
| FCF Conversion (Net income) | 84.81% | 138.54% | - | 161.98% | 140.73% | 53.65% | 56.72% | 59.18% |
| Dividend per Share 2 | 2.000 | 2.400 | 1.200 | 2.600 | 3.500 | 3.989 | 5.182 | 9.366 |
| Announcement Date | 11/03/20 | 11/03/21 | 10/03/22 | 09/03/23 | 07/03/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,724 | 3,123 | 3,483 | 3,664 | 3,793 | 3,075 | 3,280 | 3,294 | 3,266 | 3,060 | 3,519 | 4,047 | 4,128 | 3,540 | 4,200 |
| EBITDA 1 | 350.9 | 258.5 | 425.6 | 456.1 | 494.4 | 482.8 | 544.2 | 536.3 | 501.3 | 397.6 | 648 | 794 | 847 | - | - |
| EBIT 1 | 219.8 | 129.3 | 296.1 | 329.7 | 366.7 | 347.9 | 406.9 | 404.2 | 371.4 | 274.9 | 461 | 607 | 660 | 374 | 598 |
| Operating Margin | 5.9% | 4.14% | 8.5% | 9% | 9.67% | 11.31% | 12.41% | 12.27% | 11.37% | 8.98% | 13.1% | 15% | 15.99% | 10.56% | 14.24% |
| Earnings before Tax (EBT) 1 | 244.8 | 194.3 | 373.1 | 468 | 390.6 | 364.1 | 539.2 | 522 | 326.3 | 415.3 | 513 | 624 | 691 | 416 | 641 |
| Net income 1 | 173.5 | 153.1 | 300.3 | 356 | 279.7 | 278 | 431.6 | 386 | 238.4 | 326.5 | 400 | 485 | 561.5 | 322 | 496 |
| Net margin | 4.66% | 4.9% | 8.62% | 9.72% | 7.37% | 9.04% | 13.16% | 11.72% | 7.3% | 10.67% | 11.37% | 11.98% | 13.6% | 9.1% | 11.81% |
| EPS 2 | 0.6900 | 0.6100 | 1.190 | 1.420 | 1.110 | 1.100 | 1.680 | 1.490 | 0.8400 | 1.190 | 1.521 | 1.807 | 2.118 | 1.505 | 2.020 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/03/22 | 05/05/22 | 05/08/22 | 03/11/22 | 09/03/23 | 04/05/23 | 03/08/23 | 02/11/23 | 07/03/24 | 03/05/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 597 | - | - | - | - | - |
| Net Cash position 1 | 134 | 797 | - | 763 | 3,178 | 3,132 | 3,634 | 3,474 |
| Leverage (Debt/EBITDA) | - | - | 0.6088 x | - | - | - | - | - |
| Free Cash Flow 1 | 577 | 1,180 | -253 | 1,764 | 1,877 | 970 | 1,283 | 1,576 |
| ROE (net income / shareholders' equity) | 16.3% | 19.3% | 9.58% | 22.8% | 21.5% | 23.5% | 25.6% | 26.3% |
| ROA (Net income/ Total Assets) | 7.4% | 8.58% | 3.91% | 9.19% | 10.8% | 13.3% | 14.6% | 16.4% |
| Assets 1 | 9,205 | 9,929 | 10,968 | 11,855 | 12,351 | 13,602 | 15,476 | 16,238 |
| Book Value Per Share 2 | 16.90 | 18.30 | 17.40 | 20.70 | 27.90 | 29.40 | 32.30 | 32.10 |
| Cash Flow per Share 2 | 3.610 | 5.890 | 0.7600 | 8.570 | 8.250 | 9.200 | 9.760 | - |
| Capex 1 | 329 | 301 | 444 | 394 | 298 | 1,125 | 817 | 850 |
| Capex / Sales | 2.82% | 2.35% | 3.27% | 2.8% | 2.3% | 7.5% | 4.66% | 4.38% |
| Announcement Date | 11/03/20 | 11/03/21 | 10/03/22 | 09/03/23 | 07/03/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
114
TWD
Average target price
146
TWD
Spread / Average Target
+28.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.05% | 96Cr | |
| +1.55% | 15TCr | |
| +26.06% | 14TCr | |
| +37.13% | 13TCr | |
| +15.98% | 6.45TCr | |
| +1.16% | 3.89TCr | |
| +101.56% | 3.64TCr | |
| +7.40% | 3.24TCr | |
| -13.12% | 3.09TCr | |
| +7.44% | 2.94TCr |
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- Financials Sunonwealth Electric Machine Industry Co., Ltd.
