| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | NT$33.25 |
| 52 Week High | NT$40.00 |
| 52 Week Low | NT$31.80 |
| Beta | 0.23 |
| 1 Month Change | 2.47% |
| 3 Month Change | -5.41% |
| 1 Year Change | -9.89% |
| 3 Year Change | -9.52% |
| 5 Year Change | 17.49% |
| Change since IPO | 339.20% |
Recent News & Updates
Shareholder Returns
| 2063 | TW Machinery | TW Market | |
|---|---|---|---|
| 7D | 2.6% | -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
| 2063 volatility | |
|---|---|
| 2063 Average Weekly Movement | 2.2% |
| Machinery Industry Average Movement | 4.3% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in TW Market | 8.4% |
| 10% least volatile stocks in TW Market | 2.5% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | n/a | Shang An Lin | https://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
| 2063 fundamental statistics | |
|---|---|
| Market Cap | NT$1.50b |
| Earnings (TTM) | NT$153.51m |
| Revenue (TTM) | NT$1.46b |
9.7x
P/E Ratio1.0x
P/S RatioIs 2063 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2063 income statement (TTM) | |
|---|---|
| Revenue | NT$1.46b |
| Cost of Revenue | NT$1.13b |
| Gross Profit | NT$332.29m |
| Other Expenses | NT$178.78m |
| Earnings | NT$153.51m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.41 |
| Gross Margin | 22.76% |
| Net Profit Margin | 10.52% |
| Debt/Equity Ratio | 117.7% |
How did 2063 perform over the long term?
See historical performance and comparisonDividends
12.0%
Current Dividend Yield88%
Payout RatioValuation
Is 2063 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation 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.
| What is 2063's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | NT$1.50b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 8.3x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does 2063's PE Ratio compare to its peers?
| 2063 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 25.6x | ||
2221 Tachia Yung Ho Machine Industry | 6.2x | n/a | NT$1.4b |
5292 Desiccant Technology | 11.4x | n/a | NT$1.7b |
4556 Bright Sheland International | 68.7x | n/a | NT$1.3b |
4533 Shieh Yih Machinery Industry | 16x | n/a | NT$1.7b |
2063 Sheh Kai Precision | 9.7x | n/a | NT$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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 9.7x |
| Fair PE Ratio | n/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
0/6Future 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
5/6Past 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.
Discover strong past performing companies
Financial Health
How is Sheh Kai Precision's financial position?
Financial Health Score
3/6Financial 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
4/6Dividend 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.
Discover strong dividend paying companies
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/07 00:00 |
| End of Day Share Price | 2022/08/05 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.