Financials ShinHsiung Natural Gas Inc.

Equities

8908

TW0008908005

Natural Gas Utilities

End-of-day quote Taipei Exchange 06:00:00 2024-07-15 pm EDT 5-day change 1st Jan Change
53.7 TWD +0.19% Intraday chart for ShinHsiung Natural Gas Inc. +0.37% -7.89%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,135 8,373 10,324 12,818 17,266 16,526
Enterprise Value (EV) 1 6,322 8,410 10,916 13,557 18,633 18,042
P/E ratio 18.7 x 20.8 x 26.8 x 26.5 x 32.6 x 31.9 x
Yield 2.43% 1.94% 0.78% 0.7% 1.19% 1.37%
Capitalization / Revenue 0.85 x 1.01 x 1.63 x 1.97 x 2.39 x 2.37 x
EV / Revenue 0.87 x 1.02 x 1.72 x 2.09 x 2.58 x 2.59 x
EV / EBITDA 9.14 x 10.7 x 14.3 x 14.4 x 18.2 x 17.1 x
EV / FCF 17.3 x 15.3 x -18 x -57 x -26.9 x 121 x
FCF Yield 5.77% 6.54% -5.54% -1.75% -3.72% 0.82%
Price to Book 2.76 x 3.38 x 3.78 x 4.09 x 4.81 x 4.22 x
Nbr of stocks (in thousands) 283,470 283,471 283,471 283,471 283,471 283,471
Reference price 2 21.64 29.54 36.42 45.22 60.91 58.30
Announcement Date 4/1/19 3/27/20 3/31/21 3/28/22 3/25/23 3/29/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,246 8,274 6,335 6,494 7,220 6,960
EBITDA 1 691.3 789 765.3 938.8 1,023 1,058
EBIT 1 411.2 505.3 466.5 609.1 663.7 663.5
Operating Margin 5.67% 6.11% 7.36% 9.38% 9.19% 9.53%
Earnings before Tax (EBT) 1 409.9 502.4 478.5 607.2 661.5 652.7
Net income 1 328.7 401.8 385.5 483.6 530.3 519.6
Net margin 4.54% 4.86% 6.08% 7.45% 7.34% 7.47%
EPS 2 1.159 1.417 1.360 1.706 1.871 1.830
Free Cash Flow 1 364.5 549.9 -605 -237.8 -692.6 148.7
FCF margin 5.03% 6.65% -9.55% -3.66% -9.59% 2.14%
FCF Conversion (EBITDA) 52.73% 69.7% - - - 14.06%
FCF Conversion (Net income) 110.9% 136.87% - - - 28.62%
Dividend per Share 2 0.5250 0.5723 0.2823 0.3162 0.7273 0.8000
Announcement Date 4/1/19 3/27/20 3/31/21 3/28/22 3/25/23 3/29/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 187 37.3 592 739 1,368 1,516
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.27 x 0.0473 x 0.7739 x 0.7872 x 1.336 x 1.433 x
Free Cash Flow 1 364 550 -605 -238 -693 149
ROE (net income / shareholders' equity) 15.5% 17.1% 14.8% 16.5% 15.8% 13.8%
ROA (Net income/ Total Assets) 5.66% 6.21% 5% 5.7% 5.48% 4.92%
Assets 1 5,809 6,471 7,715 8,486 9,683 10,564
Book Value Per Share 2 7.850 8.750 9.640 11.10 12.70 13.80
Cash Flow per Share 2 2.470 3.170 2.940 3.270 2.060 2.770
Capex 1 302 249 829 913 993 484
Capex / Sales 4.17% 3.01% 13.08% 14.05% 13.75% 6.95%
Announcement Date 4/1/19 3/27/20 3/31/21 3/28/22 3/25/23 3/29/24
1TWD in Million2TWD
Estimates
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