THYE MING INDUSTRIAL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 79.1 TWD | +0.13% |
|
-3.30% | +12.20% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,358 | 6,787 | 6,191 | 6,392 | 6,308 | 11,796 |
| Enterprise Value (EV) 1 | 5,118 | 5,692 | 5,118 | 5,280 | 4,468 | 8,495 |
| P/E ratio | 17.4 x | 13.3 x | 17.6 x | 8.13 x | 9.29 x | 11.9 x |
| Yield | 4.54% | 6.16% | 3.38% | 11.8% | 10.6% | 7.3% |
| Capitalization / Revenue | 0.6 x | 0.69 x | 0.73 x | 0.72 x | 0.7 x | 1.28 x |
| EV / Revenue | 0.48 x | 0.58 x | 0.6 x | 0.6 x | 0.49 x | 0.92 x |
| EV / EBITDA | 8.86 x | 8.7 x | 9.57 x | 4.74 x | 5.49 x | 7.09 x |
| EV / FCF | 5.38 x | 132 x | 14.2 x | 10.7 x | 16.3 x | 4.43 x |
| FCF Yield | 18.6% | 0.76% | 7.04% | 9.32% | 6.15% | 22.6% |
| Price to Book | 1.24 x | 1.28 x | 1.19 x | 1.08 x | 1.04 x | 1.86 x |
| Nbr of stocks (in thousands) | 1,67,319 | 1,67,319 | 1,67,319 | 1,67,319 | 1,67,319 | 1,67,319 |
| Reference price 2 | 38.00 | 40.56 | 37.00 | 38.20 | 37.70 | 70.50 |
| Announcement Date | 28/03/19 | 20/03/20 | 25/03/21 | 28/03/22 | 21/03/23 | 18/03/24 |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 10,591 | 9,841 | 8,537 | 8,843 | 9,064 | 9,216 |
| EBITDA 1 | 577.9 | 654.4 | 534.6 | 1,115 | 813.7 | 1,199 |
| EBIT 1 | 499.2 | 589.8 | 477.9 | 1,064 | 752.9 | 1,136 |
| Operating Margin | 4.71% | 5.99% | 5.6% | 12.03% | 8.31% | 12.33% |
| Earnings before Tax (EBT) 1 | 508.3 | 648.7 | 449.7 | 1,044 | 893.1 | 1,276 |
| Net income 1 | 365.4 | 511.9 | 351.6 | 785.8 | 680.5 | 993.8 |
| Net margin | 3.45% | 5.2% | 4.12% | 8.89% | 7.51% | 10.78% |
| EPS 2 | 2.184 | 3.050 | 2.100 | 4.696 | 4.060 | 5.930 |
| Free Cash Flow 1 | 951.5 | 43.24 | 360.5 | 492.3 | 274.7 | 1,918 |
| FCF margin | 8.98% | 0.44% | 4.22% | 5.57% | 3.03% | 20.81% |
| FCF Conversion (EBITDA) | 164.64% | 6.61% | 67.43% | 44.15% | 33.76% | 159.97% |
| FCF Conversion (Net income) | 260.36% | 8.45% | 102.54% | 62.66% | 40.37% | 192.95% |
| Dividend per Share 2 | 1.725 | 2.500 | 1.250 | 4.500 | 4.000 | 5.150 |
| Announcement Date | 28/03/19 | 20/03/20 | 25/03/21 | 28/03/22 | 21/03/23 | 18/03/24 |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 1,240 | 1,095 | 1,072 | 1,111 | 1,840 | 3,301 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 951 | 43.2 | 360 | 492 | 275 | 1,918 |
| ROE (net income / shareholders' equity) | 7.04% | 9.87% | 6.73% | 14.1% | 11.3% | 16% |
| ROA (Net income/ Total Assets) | 4.48% | 5.48% | 4.63% | 10% | 6.69% | 9.59% |
| Assets 1 | 8,150 | 9,334 | 7,596 | 7,835 | 10,177 | 10,360 |
| Book Value Per Share 2 | 30.50 | 31.60 | 31.00 | 35.50 | 36.20 | 37.90 |
| Cash Flow per Share 2 | 10.60 | 6.070 | 5.730 | 4.640 | 10.00 | 19.10 |
| Capex 1 | 68.9 | 55.5 | 24.6 | 39.7 | 71.9 | 94.8 |
| Capex / Sales | 0.65% | 0.56% | 0.29% | 0.45% | 0.79% | 1.03% |
| Announcement Date | 28/03/19 | 20/03/20 | 25/03/21 | 28/03/22 | 21/03/23 | 18/03/24 |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +12.20% | 411M | |
| -.--% | 7.25B | |
| -10.42% | 6.67B | |
| +3.00% | 4.15B | |
| +61.60% | 4.11B | |
| +33.43% | 3.94B | |
| -5.79% | 3.93B | |
| -18.99% | 3.79B | |
| -19.10% | 2.44B | |
| +12.23% | 1.97B |
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