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2063

Sheh Kai Precision TPEX:2063 Stock Report

Last Price

NT$33.25

Market Cap

NT$1.5b

7D

2.6%

1Y

-9.9%

Updated

07 Aug, 2022

Data

Company Financials
2063 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends4/6

2063 Stock Overview

Sheh Kai Precision Co., Ltd. manufactures and sells bi metal screws, screw anchors, and screws in Taiwan and internationally.

Sheh Kai Precision Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sheh Kai Precision
Historical stock prices
Current Share PriceNT$33.25
52 Week HighNT$40.00
52 Week LowNT$31.80
Beta0.23
1 Month Change2.47%
3 Month Change-5.41%
1 Year Change-9.89%
3 Year Change-9.52%
5 Year Change17.49%
Change since IPO339.20%

Recent News & Updates

Shareholder Returns

2063TW MachineryTW Market
7D2.6%-0.8%0.1%
1Y-9.9%-14.9%-14.4%

Return vs Industry: 2063 exceeded the TW Machinery industry which returned -14.9% over the past year.

Return vs Market: 2063 exceeded the TW Market which returned -14.4% over the past year.

Price Volatility

Is 2063's price volatile compared to industry and market?
2063 volatility
2063 Average Weekly Movement2.2%
Machinery Industry Average Movement4.3%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 2063 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 2063's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992n/aShang An Linhttps://www.shehkai.com.tw

Sheh Kai Precision Co., Ltd. manufactures and sells bi metal screws, screw anchors, and screws in Taiwan and internationally. It offers bi-metal window, concrete, self tapping, self drilling, and wing screws, as well as self piercing screws and side lap screws; hammer and diamond drill bits, and dust caps; and bi-metal concrete screw anchors, bi-metal concrete anchor stainless steel internal thread heads, galvanized concrete screw anchors, and galvanized concrete screw anchors internal thread heads. The company also provides wood screws, stainless steel self-tapping screw sharps/blunt points, special fasteners, hex lag screws, double end hanger bolts, carriage bolts, and automotive fasteners.

Sheh Kai Precision Fundamentals Summary

How do Sheh Kai Precision's earnings and revenue compare to its market cap?
2063 fundamental statistics
Market CapNT$1.50b
Earnings (TTM)NT$153.51m
Revenue (TTM)NT$1.46b

9.7x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2063 income statement (TTM)
RevenueNT$1.46b
Cost of RevenueNT$1.13b
Gross ProfitNT$332.29m
Other ExpensesNT$178.78m
EarningsNT$153.51m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.41
Gross Margin22.76%
Net Profit Margin10.52%
Debt/Equity Ratio117.7%

How did 2063 perform over the long term?

See historical performance and comparison

Dividends

12.0%

Current Dividend Yield

88%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2063 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2063?

Other financial metrics that can be useful for relative valuation.

2063 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA8.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2063's PE Ratio compare to its peers?

2063 PE Ratio vs Peers
The above table shows the PE ratio for 2063 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.6x
2221 Tachia Yung Ho Machine Industry
6.2xn/aNT$1.4b
5292 Desiccant Technology
11.4xn/aNT$1.7b
4556 Bright Sheland International
68.7xn/aNT$1.3b
4533 Shieh Yih Machinery Industry
16xn/aNT$1.7b
2063 Sheh Kai Precision
9.7xn/aNT$1.5b

Price-To-Earnings vs Peers: 2063 is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (25.6x).


Price to Earnings Ratio vs Industry

How does 2063's PE Ratio compare vs other companies in the TW Machinery Industry?

Price-To-Earnings vs Industry: 2063 is good value based on its Price-To-Earnings Ratio (9.7x) compared to the TW Machinery industry average (13.3x)


Price to Earnings Ratio vs Fair Ratio

What is 2063's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2063 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2063's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2063 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2063 (NT$33.25) is trading below our estimate of fair value (NT$68.7)

Significantly Below Fair Value: 2063 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Sheh Kai Precision forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.9%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sheh Kai Precision has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Sheh Kai Precision is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Sheh Kai Precision performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2063 has high quality earnings.

Growing Profit Margin: 2063's current net profit margins (10.5%) are higher than last year (10.2%).


Past Earnings Growth Analysis

Earnings Trend: 2063's earnings have grown by 5.6% per year over the past 5 years.

Accelerating Growth: 2063's earnings growth over the past year (36.1%) exceeds its 5-year average (5.6% per year).

Earnings vs Industry: 2063 earnings growth over the past year (36.1%) exceeded the Machinery industry 33%.


Return on Equity

High ROE: Whilst 2063's Return on Equity (21.26%) is high, this metric is skewed due to their high level of debt.


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Financial Health

How is Sheh Kai Precision's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2063's short term assets (NT$1.3B) exceed its short term liabilities (NT$964.6M).

Long Term Liabilities: 2063's short term assets (NT$1.3B) exceed its long term liabilities (NT$187.1M).


Debt to Equity History and Analysis

Debt Level: 2063's net debt to equity ratio (80%) is considered high.

Reducing Debt: 2063's debt to equity ratio has increased from 88.1% to 117.7% over the past 5 years.

Debt Coverage: 2063's debt is not well covered by operating cash flow (7.9%).

Interest Coverage: 2063's interest payments on its debt are well covered by EBIT (17.7x coverage).


Balance Sheet


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Dividend

What is Sheh Kai Precision current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


12.03%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2063's dividend (12.03%) is higher than the bottom 25% of dividend payers in the TW market (2.55%).

High Dividend: 2063's dividend (12.03%) is in the top 25% of dividend payers in the TW market (6.64%)


Stability and Growth of Payments

Stable Dividend: 2063's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2063's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (87.9%), 2063's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (404.5%), 2063's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Shang An Lin

no data

Tenure

Shang An Lin serves as General Manager of Sheh Kai Precision Co., Ltd.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sheh Kai Precision Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Sheh Kai Precision Co., Ltd.
  • Ticker: 2063
  • Exchange: TPEX
  • Founded: 1992
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: NT$1.496b
  • Shares outstanding: 45.00m
  • Website: https://www.shehkai.com.tw

Location

  • Sheh Kai Precision Co., Ltd.
  • No. 1, Bengong 1st Road
  • Gangshan District
  • Kaohsiung
  • 82059
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.