SINBON Electronics Co., Ltd. (TWSE:3023) Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year

SINBON Electronics Co., Ltd. (TWSE:3023) shareholders are probably feeling a little disappointed, since its shares fell 3.5% to NT$294 in the week after its latest yearly results. It was a credible result overall, with revenues of NT$33b and statutory earnings per share of NT$14.55 both in line with analyst estimates, showing that SINBON Electronics is executing in line with expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on SINBON Electronics after the latest results.

See our latest analysis for SINBON Electronics

Taking into account the latest results, the consensus forecast from SINBON Electronics' seven analysts is for revenues of NT$35.6b in 2025. This reflects a modest 7.7% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 4.5% to NT$15.36. Yet prior to the latest earnings, the analysts had been anticipated revenues of NT$36.3b and earnings per share (EPS) of NT$15.25 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at NT$313. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic SINBON Electronics analyst has a price target of NT$350 per share, while the most pessimistic values it at NT$290. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting SINBON Electronics is an easy business to forecast or the the analysts are all using similar assumptions.

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 would highlight that SINBON Electronics' revenue growth is expected to slow, with the forecast 7.7% annualised growth rate until the end of 2025 being well below the historical 13% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 14% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than SINBON Electronics.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at NT$313, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for SINBON Electronics 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.