TSEC:3023

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SINBON Electronics

Executive Summary

SINBON Electronics Co., Ltd. manufactures and sells computer peripherals, connectors, wires, and other parts in Mainland China, the United States, Taiwan, and internationally. More Details


Snowflake Analysis

Outstanding track record with adequate balance sheet.


Similar Companies

Share Price & News

How has SINBON Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3023 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 3023's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.9%

3023

-1.6%

TW Electronic

-0.2%

TW Market


1 Year Return

83.3%

3023

16.1%

TW Electronic

28.6%

TW Market

Return vs Industry: 3023 exceeded the TW Electronic industry which returned 16.1% over the past year.

Return vs Market: 3023 exceeded the TW Market which returned 28.6% over the past year.


Shareholder returns

3023IndustryMarket
7 Day-2.9%-1.6%-0.2%
30 Day19.9%9.1%8.8%
90 Day31.1%21.8%20.6%
1 Year88.9%83.3%20.2%16.1%33.1%28.6%
3 Year232.3%197.3%31.4%15.8%55.3%37.8%
5 Year428.2%330.0%112.6%74.1%135.7%94.2%

Long-Term Price Volatility Vs. Market

How volatile is SINBON Electronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SINBON Electronics undervalued compared to its fair value and its price relative to the market?

30.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3023 (NT$253) is trading above our estimate of fair value (NT$156.55)

Significantly Below Fair Value: 3023 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3023 is poor value based on its PE Ratio (30.2x) compared to the TW Electronic industry average (17.1x).

PE vs Market: 3023 is poor value based on its PE Ratio (30.2x) compared to the TW market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: 3023 is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: 3023 is overvalued based on its PB Ratio (7.3x) compared to the TW Electronic industry average (1.6x).


Next Steps

Future Growth

How is SINBON Electronics forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

17.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3023's forecast earnings growth (17.8% per year) is above the savings rate (0.8%).

Earnings vs Market: 3023's earnings (17.8% per year) are forecast to grow slower than the TW market (18.7% per year).

High Growth Earnings: 3023's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3023's revenue (14% per year) is forecast to grow faster than the TW market (11.1% per year).

High Growth Revenue: 3023's revenue (14% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3023's Return on Equity is forecast to be high in 3 years time (28.8%)


Next Steps

Past Performance

How has SINBON Electronics performed over the past 5 years?

14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3023 has high quality earnings.

Growing Profit Margin: 3023's current net profit margins (9.9%) are higher than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: 3023's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: 3023's earnings growth over the past year (17.9%) exceeds its 5-year average (14.2% per year).

Earnings vs Industry: 3023 earnings growth over the past year (17.9%) exceeded the Electronic industry 5%.


Return on Equity

High ROE: 3023's Return on Equity (23.3%) is considered high.


Next Steps

Financial Health

How is SINBON Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: 3023's short term assets (NT$16.6B) exceed its short term liabilities (NT$11.8B).

Long Term Liabilities: 3023's short term assets (NT$16.6B) exceed its long term liabilities (NT$484.1M).


Debt to Equity History and Analysis

Debt Level: 3023's debt to equity ratio (48.7%) is considered high.

Reducing Debt: 3023's debt to equity ratio has increased from 26.3% to 48.7% over the past 5 years.

Debt Coverage: 3023's debt is well covered by operating cash flow (26.2%).

Interest Coverage: 3023's interest payments on its debt are well covered by EBIT (461.4x coverage).


Balance Sheet


Next Steps

Dividend

What is SINBON Electronics's current dividend yield, its reliability and sustainability?

2.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3023's dividend (2.09%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.13%).

High Dividend: 3023's dividend (2.09%) is low compared to the top 25% of dividend payers in the TW market (5.17%).


Stability and Growth of Payments

Stable Dividend: 3023's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3023's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.3%), 3023's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3023's dividends in 3 years are forecast to be covered by earnings (71.1% payout ratio).


Next Steps

Management

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

6.3yrs

Average management tenure


CEO

Joseph Wang

no data

Tenure

Mr. Shaw-Shing Wang, also known as Joseph, serves as the Chairman and Chief Executive Officer at Sinbon Electronics Co. Ltd. and has been its Director since December 6, 1989.


Leadership Team

NamePositionTenureCompensationOwnership
Shaw-Shing Wang
Chairman & CEOno datano data4.14%
NT$ 2.4b
Wei-Ming Liang
President15.67yrsno data0.44%
NT$ 257.4m
Chi-Chou Chang
CFO, Financial & Accounting Officerno datano datano data
Kui-Zhen Feng
Associate Director of Group Site Administration2.75yrsno datano data
Yun-Ru Huang
Director of Legal Affairs Department6.33yrsno datano data
Wen-Sen Huang
Vice President of Global Sales3.75yrsno data0.099%
NT$ 58.5m
Li-Li Huang
Director of Marketing & Strategic Development Department23.75yrsno datano data
Cheng-Ling Li
Director of Human Resources Center6.33yrsno datano data
Pi-Wei Cheng
Company Secretary0.75yrno datano data

6.3yrs

Average Tenure

Experienced Management: 3023's management team is seasoned and experienced (6.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shaw-Shing Wang
Chairman & CEOno datano data4.14%
NT$ 2.4b
Wei-Ming Liang
President15.67yrsno data0.44%
NT$ 257.4m
Xin-Chi Yeh
Vice Chairman3.5yrsno data0.95%
NT$ 559.6m
Cao-Liang Wang
Director22.67yrsno data0.13%
NT$ 78.9m
Chi-Lin Wei
Independent Director14.58yrsno datano data
Wei-Chun Wang
Director15.67yrsno data0.77%
NT$ 453.2m
Kuo-Hong Wang
Director5.58yrsNT$840.00k0.045%
NT$ 26.6m
Zheng-Yan Chang
Independent Director2.58yrsno datano data
Ho-Min Chen
Independent Director1.58yrsno datano data
Te-Cheng Chiu
Director1.58yrsno datano data

5.6yrs

Average Tenure

Experienced Board: 3023's board of directors are considered experienced (5.6 years average tenure).


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

SINBON Electronics Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SINBON Electronics Co., Ltd.
  • Ticker: 3023
  • Exchange: TSEC
  • Founded: 1989
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: NT$59.009b
  • Shares outstanding: 232.78m
  • Website: https://www.sinbon.com

Number of Employees


Location

  • SINBON Electronics Co., Ltd.
  • No 79, Hsin Tai Wu Road
  • 4F-13, Sec. 1
  • New Taipei City
  • 221
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3023TSEC (Taiwan Stock Exchange)YesCommon SharesTWTWDMay 2001

Biography

SINBON Electronics Co., Ltd. manufactures and sells computer peripherals, connectors, wires, and other parts in Mainland China, the United States, Taiwan, and internationally. The company operates through ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 08:39
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.