Results: SINBON Electronics Co., Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates

Last week, you might have seen that SINBON Electronics Co., Ltd. (TWSE:3023) released its quarterly result to the market. The early response was not positive, with shares down 7.3% to NT$274 in the past week. SINBON Electronics reported NT$8.4b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of NT$3.91 beat expectations, being 9.4% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for SINBON Electronics

After the latest results, the seven analysts covering SINBON Electronics are now predicting revenues of NT$37.0b in 2025. If met, this would reflect a notable 15% improvement in revenue compared to the last 12 months. Per-share earnings are expected to ascend 14% to NT$16.17. Before this earnings report, the analysts had been forecasting revenues of NT$38.1b and earnings per share (EPS) of NT$16.98 in 2025. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a small dip in earnings per share estimates.

The analysts made no major changes to their price target of NT$339, suggesting the downgrades are not expected to have a long-term impact on SINBON Electronics' valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on SINBON Electronics, with the most bullish analyst valuing it at NT$400 and the most bearish at NT$290 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the SINBON Electronics' past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of SINBON Electronics'historical trends, as the 12% annualised revenue growth to the end of 2025 is roughly in line with the 13% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 14% per year. It's clear that while SINBON Electronics' revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Sadly, they also downgraded their revenue forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple SINBON Electronics analysts - going out to 2026, and you can see them free on our platform here.

And what about risks? Every company has them, and we've spotted 1 warning sign for SINBON Electronics you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.