Shihlin Paper Corporation

TWSE:1903 Stock Report

Market Cap: NT$12.4b

Shihlin Paper Past Earnings Performance

Past criteria checks 2/6

Shihlin Paper has been growing earnings at an average annual rate of 17.4%, while the Forestry industry saw earnings declining at 0.7% annually. Revenues have been declining at an average rate of 15.2% per year. Shihlin Paper's return on equity is 6.2%, and it has net margins of 219.7%.

Key information

17.36%

Earnings growth rate

17.20%

EPS growth rate

Forestry Industry Growth11.20%
Revenue growth rate-15.20%
Return on equity6.15%
Net Margin219.70%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Analysis Article • Feb 13

We Think Shihlin Paper (TPE:1903) Has A Fair Chunk Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Dec 22

Shihlin Paper (TPE:1903) Shareholders Booked A 90% Gain In The Last Five Years

Shihlin Paper Corporation ( TPE:1903 ) shareholders have seen the share price descend 13% over the month. On the bright...

Revenue & Expenses Breakdown

How Shihlin Paper makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TWSE:1903 Revenue, expenses and earnings (TWD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 261523351172
31 Dec 251533361202
30 Sep 251541181242
30 Jun 25155-481492
31 Mar 25154-261433
31 Dec 24156-211393
30 Sep 24158-181293
30 Jun 241621151304
31 Mar 241691101334
31 Dec 23171861454
30 Sep 23169671594
30 Jun 231672141654
31 Mar 231622031744
31 Dec 221652121755
30 Sep 221722221795
30 Jun 22181-851965
31 Mar 22242-411956
31 Dec 21326841976
30 Sep 21323762007
30 Jun 21310641748
31 Mar 21251101949
31 Dec 20159-1361979
30 Sep 20160-14920510
30 Jun 20162-17622710
31 Mar 20163-1872249
31 Dec 19169-1802279
30 Sep 19198-1662239
30 Jun 19195-1682198
31 Mar 19193-1712137
31 Dec 18219-1672127
30 Sep 18182-1872197
30 Jun 18244-1642226
31 Mar 18234-1572205
31 Dec 17186-1702124
30 Sep 17169-1601973
30 Jun 1788-1561953
31 Mar 1777-1751992
31 Dec 1670-1832062
30 Sep 1671-1802071
30 Jun 1690-1722091
31 Mar 16139-1682092
31 Dec 15205-1592074
30 Sep 15487-3502274
30 Jun 15867-4112995

Quality Earnings: 1903 has a large one-off gain of NT$220.0M impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: 1903 became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 1903 has become profitable over the past 5 years, growing earnings by 17.4% per year.

Accelerating Growth: 1903 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1903 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Forestry industry (-2.3%).

Return on Equity

High ROE: 1903's Return on Equity (6.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 05:00
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shihlin Paper Corporation is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wanchen ChangMasterlink Securities Investment Advisory