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
Rewards
Risk Analysis
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
| 3023 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.9% | -1.6% | -0.2% |
| 30 Day | 19.9% | 9.1% | 8.8% |
| 90 Day | 31.1% | 21.8% | 20.6% |
| 1 Year | 88.9%83.3% | 20.2%16.1% | 33.1%28.6% |
| 3 Year | 232.3%197.3% | 31.4%15.8% | 55.3%37.8% |
| 5 Year | 428.2%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
4 days ago | Simply Wall St
SINBON Electronics Co., Ltd.'s (TPE:3023) Stock Is Going Strong: Is the Market Following Fundamentals?2 weeks ago | Simply Wall St
Should You Be Adding SINBON Electronics (TPE:3023) To Your Watchlist Today?4 weeks ago | Simply Wall St
Is SINBON Electronics (TPE:3023) Using Too Much Debt?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$484.1M).
Debt to Equity History and Analysis
Debt Level: 3023's debt to equity ratio (48.7%) is considered high.
Reducing Debt: 3023's debt to equity ratio has increased from 26.3% to 48.7% over the past 5 years.
Debt Coverage: 3023's debt is well covered by operating cash flow (26.2%).
Interest Coverage: 3023's interest payments on its debt are well covered by EBIT (461.4x coverage).
Balance Sheet
Next Steps
Dividend
What is SINBON Electronics's current dividend yield, its reliability and sustainability?
2.09%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3023's dividend (2.09%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.13%).
High Dividend: 3023's dividend (2.09%) is low compared to the top 25% of dividend payers in the TW market (5.17%).
Stability and Growth of Payments
Stable Dividend: 3023's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3023's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63.3%), 3023's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3023's dividends in 3 years are forecast to be covered by earnings (71.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Joseph Wang
no data
Tenure
Mr. Shaw-Shing Wang, also known as Joseph, serves as the Chairman and Chief Executive Officer at Sinbon Electronics Co. Ltd. and has been its Director since December 6, 1989.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | no data | no data | 4.14% NT$ 2.4b | |
| President | 15.67yrs | no data | 0.44% NT$ 257.4m | |
| CFO, Financial & Accounting Officer | no data | no data | no data | |
| Associate Director of Group Site Administration | 2.75yrs | no data | no data | |
| Director of Legal Affairs Department | 6.33yrs | no data | no data | |
| Vice President of Global Sales | 3.75yrs | no data | 0.099% NT$ 58.5m | |
| Director of Marketing & Strategic Development Department | 23.75yrs | no data | no data | |
| Director of Human Resources Center | 6.33yrs | no data | no data | |
| Company Secretary | 0.75yr | no data | no data |
6.3yrs
Average Tenure
Experienced Management: 3023's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | no data | no data | 4.14% NT$ 2.4b | |
| President | 15.67yrs | no data | 0.44% NT$ 257.4m | |
| Vice Chairman | 3.5yrs | no data | 0.95% NT$ 559.6m | |
| Director | 22.67yrs | no data | 0.13% NT$ 78.9m | |
| Independent Director | 14.58yrs | no data | no data | |
| Director | 15.67yrs | no data | 0.77% NT$ 453.2m | |
| Director | 5.58yrs | NT$840.00k | 0.045% NT$ 26.6m | |
| Independent Director | 2.58yrs | no data | no data | |
| Independent Director | 1.58yrs | no data | no data | |
| Director | 1.58yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3023 | TSEC (Taiwan Stock Exchange) | Yes | Common Shares | TW | TWD | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 08:39 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.