Reported Earnings • Aug 20
Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2026 results: EPS: NT$2.25 (up from NT$1.71 in 2Q 2025). Revenue: NT$9.56b (up 7.9% from 2Q 2025). Net income: NT$1.17b (up 32% from 2Q 2025). Profit margin: 12% (up from 10.0% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Upcoming Dividend • Jul 16
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 23 July 2026. Payment date: 20 August 2026. Payout ratio is a comfortable 74% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (2.6%). Declared Dividend • Jun 29
Dividend increased to NT$5.00 Dividend of NT$5.00 is 11% higher than last year. Ex-date: 23rd July 2026 Payment date: 20th August 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but not covered by cash flows (408% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$216, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Electrical industry in Taiwan. Total returns to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$220, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Electrical industry in Taiwan. Total returns to shareholders of 55% over the past three years. Reported Earnings • May 17
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: NT$2.00. Revenue: NT$11.6b (up 12% from 1Q 2025). Net income: NT$1.45b (up 19% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electrical industry in Taiwan. Reported Earnings • Mar 17
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: NT$6.27 (up from NT$5.81 in FY 2024). Revenue: NT$37.2b (up 6.0% from FY 2024). Net income: NT$3.27b (up 8.0% from FY 2024). Profit margin: 8.8% (up from 8.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Mar 13
Shihlin Electric & Engineering Corp., Annual General Meeting, Jun 17, 2026 Shihlin Electric & Engineering Corp., Annual General Meeting, Jun 17, 2026, at 10:00 Taipei Standard Time. Location: 10 floor no,188, sec.2 chung hua rd., hsinchu city Taiwan New Risk • Jan 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (125% cash payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$198, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Electrical industry in Taiwan. Total returns to shareholders of 231% over the past three years. Reported Earnings • Nov 17
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: NT$1.41 (up from NT$1.35 in 3Q 2024). Revenue: NT$8.34b (up 3.4% from 3Q 2024). Net income: NT$733.7m (up 4.5% from 3Q 2024). Profit margin: 8.8% (up from 8.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$205, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 27x in the Electrical industry in Taiwan. Total returns to shareholders of 289% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: NT$1.71 (up from NT$1.36 in 2Q 2024). Revenue: NT$8.86b (up 8.4% from 2Q 2024). Net income: NT$889.4m (up 26% from 2Q 2024). Profit margin: 10.0% (up from 8.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 17
Upcoming dividend of NT$4.50 per share Eligible shareholders must have bought the stock before 24 July 2025. Payment date: 20 August 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.7%). Declared Dividend • Jun 25
Dividend increased to NT$4.50 Dividend of NT$4.50 is 50% higher than last year. Ex-date: 24th July 2025 Payment date: 20th August 2025 Dividend yield will be 2.5%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
First quarter 2025 earnings: EPS in line with expectations, revenues disappoint First quarter 2025 results: EPS: NT$2.35 (up from NT$2.27 in 1Q 2024). Revenue: NT$10.3b (up 3.8% from 1Q 2024). Net income: NT$1.22b (up 3.6% from 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • May 13
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$41.9b to NT$37.6b. EPS estimate fell from NT$8.63 to NT$7.34 per share. Net income forecast to grow 26% next year vs 16% growth forecast for Electrical industry in Taiwan. Consensus price target down from NT$310 to NT$213. Share price fell 2.4% to NT$166 over the past week. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$171, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 234% over the past three years. Ankündigung • May 01
Shihlin Electric & Engineering Corp. to Report Q1, 2025 Results on May 08, 2025 Shihlin Electric & Engineering Corp. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$126, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Electrical industry in Taiwan. Total returns to shareholders of 161% over the past three years. Ankündigung • Apr 02
Shihlin Electric & Engineering Corp. Announces Change in Representative of Institutional Directors Shihlin Electric & Engineering Corp. announced change in representative of institutional director. Name of the previous position holder: Representative of institutional director: Kawai Toshio, Representative of institutional director: Kunieda Masayuki and Representative of institutional director: Uchiyama Akira Resume of the previous position holder: Kawai Toshio: Previous Chairman & General Manager of Mitsubishi Electric Taiwan Co. Ltd., Kunieda Masayuki: Previous Division Head of Mitsubishi Electric Corporation (Japan) Associated Companies Division and Uchiyama Akira: Mitsubishi Electric Corporation (Japan) Sanda Works Vice Director. Name of the new position holder: Representative of institutional director: Okochi Kazuhiko, Representative of institutional director: Kitamura Yasunori and Representative of institutional director: Masuda Katsumi. Resume of the new position holder: Okochi Kazuhiko, Chairman of Mitsubishi Electric Taiwan Co. Ltd., Kitamura Yasunori, Division Head of Mitsubishi Electric Corporation (Japan) Associated Companies Division and Masuda Katsumi, Manager of Mitsubishi Electric Mobility Corporation (Japan) Power Transportation Solutions Project Division. Reason for the change: operational need. Effective date of the new appointment is Apr. 1, 2025. New Risk • Mar 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (158% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Mar 20
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: NT$5.81 (up from NT$4.51 in FY 2023). Revenue: NT$35.1b (up 10% from FY 2023). Net income: NT$3.03b (up 29% from FY 2023). Profit margin: 8.6% (up from 7.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Mar 07
Shihlin Electric & Engineering Corp., Annual General Meeting, Jun 13, 2025 Shihlin Electric & Engineering Corp., Annual General Meeting, Jun 13, 2025, at 10:00 Taipei Standard Time. Location: 10 floor no,188, sec.2 chung hua rd., hsinchu city Taiwan New Risk • Feb 10
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 19
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: NT$1.35 (up from NT$1.29 in 3Q 2023). Revenue: NT$8.06b (up 4.7% from 3Q 2023). Net income: NT$702.4m (up 4.9% from 3Q 2023). Profit margin: 8.7% (in line with 3Q 2023). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Nov 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to NT$199. The fair value is estimated to be NT$248, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 105% in the next 2 years. Buy Or Sell Opportunity • Oct 15
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to NT$214. The fair value is estimated to be NT$277, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 105% in the next 2 years. Buy Or Sell Opportunity • Sep 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to NT$222. The fair value is estimated to be NT$278, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 105% in the next 2 years. Buy Or Sell Opportunity • Aug 21
Now 21% overvalued Over the last 90 days, the stock has fallen 4.0% to NT$227. The fair value is estimated to be NT$187, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 26% in a year. Earnings are forecast to grow by 51% in the next year. Reported Earnings • Aug 17
Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint Second quarter 2024 results: EPS: NT$1.36 (up from NT$1.14 in 2Q 2023). Revenue: NT$8.17b (up 6.4% from 2Q 2023). Net income: NT$707.0m (up 19% from 2Q 2023). Profit margin: 8.7% (up from 7.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$242, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 26x in the Electrical industry in Taiwan. Total returns to shareholders of 393% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$172 per share. Price Target Changed • Jul 31
Price target decreased by 7.7% to NT$299 Down from NT$324, the current price target is an average from 3 analysts. New target price is 24% above last closing price of NT$242. Stock is up 73% over the past year. The company is forecast to post earnings per share of NT$7.47 for next year compared to NT$4.51 last year. Ankündigung • Jul 31
Shihlin Electric & Engineering Corp. to Report Q2, 2024 Results on Aug 07, 2024 Shihlin Electric & Engineering Corp. announced that they will report Q2, 2024 results on Aug 07, 2024 Upcoming Dividend • Jul 17
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 24 July 2024. Payment date: 16 August 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.2%). Declared Dividend • Jun 29
Dividend increased to NT$3.00 Dividend of NT$3.00 is 50% higher than last year. Ex-date: 24th July 2024 Payment date: 16th August 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next year, which should provide support to the dividend and adequate earnings cover. Ankündigung • Jun 28
Shihlin Electric & Engineering Corp. Approves Cash Dividends, Payable on August 16, 2024 Shihlin Electric & Engineering Corp. at its AGM held on June 27, 2024, approved Cash dividends to common share holders of TWD 1,562,916,669(TWD 3.0 per share) Ex-rights (ex-dividend) trading date of July 24, 2024, Ex-rights (ex-dividend) record date of July 30, 2024 Payment date of common stock cash dividend distribution on August 16, 2024. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$282, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 21x in the Electrical industry in Taiwan. Total returns to shareholders of 456% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$162 per share. Reported Earnings • May 18
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: NT$2.27 (up from NT$1.52 in 1Q 2023). Revenue: NT$9.92b (up 11% from 1Q 2023). Net income: NT$1.18b (up 49% from 1Q 2023). Profit margin: 12% (up from 8.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.7%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 10
Shihlin Electric & Engineering Corp. Announces Change of Chief Sustainability Officer, Effective May 9, 2024 Shihlin Electric & Engineering Corp. announced the change of Chief Sustainability Officer, effective May 9, 2024. The company appointed SHIH, CHIN-YI, Senior Vice President, as Chief Sustainability Officer in place of YANG, TSUN-CHING, Senior Counselor. Ankündigung • May 01
Shihlin Electric & Engineering Corp. to Report Q1, 2024 Results on May 09, 2024 Shihlin Electric & Engineering Corp. announced that they will report Q1, 2024 results on May 09, 2024 Ankündigung • Apr 02
Shihlin Electric & Engineering Corp., Annual General Meeting, Jun 19, 2024 Shihlin Electric & Engineering Corp., Annual General Meeting, Jun 19, 2024. Reported Earnings • Mar 16
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: NT$4.51 (up from NT$3.86 in FY 2022). Revenue: NT$31.8b (up 3.4% from FY 2022). Net income: NT$2.35b (up 17% from FY 2022). Profit margin: 7.4% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$209, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 23x in the Electrical industry in Taiwan. Total returns to shareholders of 356% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$129 per share. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$148, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 21x in the Electrical industry in Taiwan. Total returns to shareholders of 223% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$123 per share. Buy Or Sell Opportunity • Feb 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to NT$148. The fair value is estimated to be NT$123, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. New Risk • Feb 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Ankündigung • Feb 02
Shihlin Electric & Engineering Corp. Announces Change in Representative of Institutional Director Shihlin Electric & Engineering Corp. appointed Hsiang-Chih /Kuo, Yueh-She, Executive vice president of Shihlin Electric & Engineering Corp. in place of Yang, Tsun-Ching /Yang, Tsung-Hsien, effective February 1, 2024. Price Target Changed • Jan 26
Price target increased by 11% to NT$150 Up from NT$136, the current price target is an average from 4 analysts. New target price is 27% above last closing price of NT$118. Stock is up 88% over the past year. The company is forecast to post earnings per share of NT$4.68 for next year compared to NT$3.86 last year. Price Target Changed • Dec 28
Price target increased by 11% to NT$159 Up from NT$144, the current price target is an average from 3 analysts. New target price is 27% above last closing price of NT$126. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$4.73 for next year compared to NT$3.86 last year. New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$122, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$106 per share. Ankündigung • Aug 29
SEEC International Holdings Ltd. to Issue Cash Dividend, Payable on August 28, 2023 Shihlin Electric & Engineering Corp. announced that its subsidiary SEEC International Holdings Ltd. will issue a cash dividend of RMB 45,912,365.23 and USD 1,070,436.31. The board of directors decided that the retained earning distribution date will be August 28, 2023. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$1.14 (vs NT$0.88 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.14 (up from NT$0.88 in 2Q 2022). Revenue: NT$7.68b (flat on 2Q 2022). Net income: NT$595.3m (up 30% from 2Q 2022). Profit margin: 7.8% (up from 6.0% in 2Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 10
Upcoming dividend of NT$2.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 17 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.1%). Ankündigung • Jul 01
Shihlin Electric & Engineering Corp. Announces the Cash Dividend, Payable on August 11, 2023 Shihlin Electric & Engineering Corp. announced the cash dividends to common shareholders of TWD 1,041,944,446 or TWD 2.0 per share. Ex-rights (ex-dividend) trading date is July 17, 2023. Ex-rights (ex-dividend) record date is July 23, 2023. The payment date of cash dividend distribution is August 11, 2023. Ankündigung • Jun 23
Shihlin Electric & Engineering Corp. Elects Tung, Chi-Jen as Board Member Shihlin Electric & Engineering Corp. announced election of board of directors. Title and name of the previous position holder: Director: Yeang Der Investment Co. Ltd. Representative /Tung, Chi-Jen. Effective date of the new appointment is June 21, 2023. Resume of the previous position holder: Director:Business Group General Manager of Shihlin Electric & Engineering Corp. /Tung, Chi-Jen. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$130, the stock trades at a trailing P/E ratio of 32.7x. Average forward P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 214% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$111, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 189% over the past three years. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$96.00, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 149% over the past three years. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: NT$3.86 (vs NT$3.47 in FY 2021) Full year 2022 results: EPS: NT$3.86 (up from NT$3.47 in FY 2021). Revenue: NT$30.8b (up 11% from FY 2021). Net income: NT$2.01b (up 11% from FY 2021). Profit margin: 6.5% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$76.70, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 13x in the Electrical industry in Taiwan. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to NT$68.90, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 12x in the Electrical industry in Taiwan. Total returns to shareholders of 66% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$1.09 (vs NT$0.70 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.09 (up from NT$0.70 in 3Q 2021). Revenue: NT$7.43b (up 11% from 3Q 2021). Net income: NT$565.5m (up 55% from 3Q 2021). Profit margin: 7.6% (up from 5.4% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: NT$0.88 (vs NT$0.90 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.88 (down from NT$0.90 in 2Q 2021). Revenue: NT$7.61b (up 8.4% from 2Q 2021). Net income: NT$458.3m (down 2.0% from 2Q 2021). Profit margin: 6.0% (down from 6.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 13
Upcoming dividend of NT$1.80 per share Eligible shareholders must have bought the stock before 20 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (3.9%). Reported Earnings • May 18
First quarter 2022 earnings released: EPS: NT$1.38 (vs NT$1.26 in 1Q 2021) First quarter 2022 results: EPS: NT$1.38 (up from NT$1.26 in 1Q 2021). Revenue: NT$7.74b (up 8.8% from 1Q 2021). Net income: NT$719.7m (up 9.7% from 1Q 2021). Profit margin: 9.3% (up from 9.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Apr 04
Full year 2021 earnings released: EPS: NT$3.46 (vs NT$2.93 in FY 2020) Full year 2021 results: EPS: NT$3.46 (up from NT$2.93 in FY 2020). Revenue: NT$27.7b (up 7.8% from FY 2020). Net income: NT$1.80b (up 18% from FY 2020). Profit margin: 6.5% (up from 5.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Ankündigung • Apr 03
Shihlin Electric & Engineering Corporation Announces Executive Changes Shihlin Electric & Engineering Corporation announced that Hanaoka Hisao resigned from chairman & general Manager position with effective date of April 01, 2022. For his successor, Kawai Toshio appoint as chairman & general manager. Ankündigung • Mar 04
Shihlin Electric & Engineering Corporation Announces Change in Representative of Institutional Director Shihlin Electric & Engineering Corporation announced appointment of Yang, Tsung-Hsien, General Manager of Shihlin Electric & Engineering Corp. as representative of institutional director in place of Cheng,Hsiang-Chih, General Manager of Shihlin Electric & Engineering Corp. Effective date of the new appointment is March 1, 2022. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.79 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$6.69b (up 11% from 3Q 2020). Net income: NT$364.4m (down 12% from 3Q 2020). Profit margin: 5.4% (down from 6.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.90 (vs NT$0.77 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$7.02b (up 18% from 2Q 2020). Net income: NT$467.7m (up 17% from 2Q 2020). Profit margin: 6.7% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • May 18
First quarter 2021 earnings released: EPS NT$1.26 (vs NT$0.96 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$7.11b (up 10% from 1Q 2020). Net income: NT$655.9m (up 31% from 1Q 2020). Profit margin: 9.2% (up from 7.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$2.93 (vs NT$3.21 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$25.7b (down 1.4% from FY 2019). Net income: NT$1.53b (down 8.8% from FY 2019). Profit margin: 5.9% (down from 6.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year.