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Jian Sin Industrial

GTSM:4502
Snowflake Description

Mediocre balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4502
GTSM
NT$2B
Market Cap
  1. Home
  2. TW
  3. Automobiles
Company description

Jian Sin Industrial Co., Ltd. manufactures and sells aluminum and steel wheels worldwide. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Jian Sin Industrial has significant price volatility in the past 3 months.
4502 Share Price and Events
7 Day Returns
3.2%
GTSM:4502
0.1%
TW Auto Components
-0.5%
TW Market
1 Year Returns
-11.5%
GTSM:4502
-27.5%
TW Auto Components
-10.7%
TW Market
4502 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jian Sin Industrial (4502) 3.2% -26.9% -33.5% -11.5% -0.1% 242.7%
TW Auto Components 0.1% -22.3% -29.7% -27.5% -47.9% -47.2%
TW Market -0.5% -14.8% -20.2% -10.7% -4.3% -0.2%
1 Year Return vs Industry and Market
  • 4502 outperformed the Auto Components industry which returned -27.5% over the past year.
  • 4502 matched the Taiwan, Province of China Market (-10.7%) over the past year.
Price Volatility
4502
Industry
5yr Volatility vs Market

Value

 Is Jian Sin Industrial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Jian Sin Industrial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Jian Sin Industrial.

GTSM:4502 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year TW Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for GTSM:4502
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.088 (1 + (1- 20%) (54.69%))
1.378
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.378 * 6.21%)
9.27%

Discounted Cash Flow Calculation for GTSM:4502 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Jian Sin Industrial is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

GTSM:4502 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 9.27%)
2020 50.36 Est @ -10.85% 46.09
2021 46.64 Est @ -7.38% 39.07
2022 44.33 Est @ -4.95% 33.98
2023 42.89 Est @ -3.25% 30.09
2024 42.00 Est @ -2.06% 26.97
2025 41.49 Est @ -1.23% 24.37
2026 41.22 Est @ -0.65% 22.16
2027 41.12 Est @ -0.24% 20.23
2028 41.14 Est @ 0.04% 18.52
2029 41.24 Est @ 0.24% 16.99
Present value of next 10 years cash flows NT$278.00
GTSM:4502 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$41.24 × (1 + 0.71%) ÷ (9.27% – 0.71%)
NT$485.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$485.22 ÷ (1 + 9.27%)10
NT$199.98
GTSM:4502 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$278.00 + NT$199.98
NT$477.98
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$477.98 / 49.57
NT$9.64
GTSM:4502 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$9.64
Current discount Discount to share price of NT$41.35
= -1 x (NT$41.35 - NT$9.64) / NT$9.64
-328.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Jian Sin Industrial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Jian Sin Industrial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jian Sin Industrial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:4502 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$0.06
GTSM:4502 Share Price ** GTSM (2020-04-01) in TWD NT$41.35
Taiwan, Province of China Auto Components Industry PE Ratio Median Figure of 47 Publicly-Listed Auto Components Companies 12.77x
Taiwan, Province of China Market PE Ratio Median Figure of 1,472 Publicly-Listed Companies 13.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Jian Sin Industrial.

GTSM:4502 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:4502 Share Price ÷ EPS (both in TWD)

= 41.35 ÷ 0.06

689.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jian Sin Industrial is overvalued based on earnings compared to the TW Auto Components industry average.
  • Jian Sin Industrial is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Jian Sin Industrial's expected growth come at a high price?
Raw Data
GTSM:4502 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 689.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Taiwan, Province of China Auto Components Industry PEG Ratio Median Figure of 8 Publicly-Listed Auto Components Companies 0.79x
Taiwan, Province of China Market PEG Ratio Median Figure of 183 Publicly-Listed Companies 1.08x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Jian Sin Industrial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jian Sin Industrial's assets?
Raw Data
GTSM:4502 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$20.76
GTSM:4502 Share Price * GTSM (2020-04-01) in TWD NT$41.35
Taiwan, Province of China Auto Components Industry PB Ratio Median Figure of 55 Publicly-Listed Auto Components Companies 1x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
GTSM:4502 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:4502 Share Price ÷ Book Value per Share (both in TWD)

= 41.35 ÷ 20.76

1.99x

* Primary Listing of Jian Sin Industrial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jian Sin Industrial is overvalued based on assets compared to the TW Auto Components industry average.
X
Value checks
We assess Jian Sin Industrial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Jian Sin Industrial has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Jian Sin Industrial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jian Sin Industrial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.8%
Expected Auto Components industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jian Sin Industrial expected to grow at an attractive rate?
  • Unable to compare Jian Sin Industrial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Jian Sin Industrial's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Jian Sin Industrial's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:4502 Future Growth Rates Data Sources
Data Point Source Value (per year)
Taiwan, Province of China Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 21.8%
Taiwan, Province of China Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
GTSM:4502 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:4502 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,534 154 3
2019-09-30 1,779 132 33
2019-06-30 2,035 268 55
2019-03-31 2,365 116 62
2018-12-31 2,514 189 91
2018-09-30 2,565 240 105
2018-06-30 2,634 164 113
2018-03-31 2,762 319 164
2017-12-31 2,828 254 173
2017-09-30 2,830 156 171
2017-06-30 2,660 132 142
2017-03-31 2,322 -38 75

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Jian Sin Industrial is high growth as no earnings estimate data is available.
  • Unable to determine if Jian Sin Industrial is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
GTSM:4502 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Jian Sin Industrial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:4502 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 0.06
2019-09-30 0.66
2019-06-30 1.11
2019-03-31 1.25
2018-12-31 1.83
2018-09-30 2.11
2018-06-30 2.26
2018-03-31 3.30
2017-12-31 3.48
2017-09-30 3.44
2017-06-30 2.86
2017-03-31 1.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Jian Sin Industrial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Jian Sin Industrial's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Automobiles companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Jian Sin Industrial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Taiwan, Province of China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Taiwan, Province of China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jian Sin Industrial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Jian Sin Industrial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Jian Sin Industrial's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Jian Sin Industrial has delivered over 20% year on year earnings growth in the past 5 years.
  • Jian Sin Industrial's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Jian Sin Industrial's 1-year earnings growth is negative, it can't be compared to the TW Auto Components industry average.
Earnings and Revenue History
Jian Sin Industrial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Jian Sin Industrial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:4502 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,534.30 2.73 159.18 12.65
2019-09-30 1,779.10 32.67 177.10 11.08
2019-06-30 2,034.58 54.98 215.65 11.45
2019-03-31 2,365.27 62.09 232.29 13.69
2018-12-31 2,513.83 91.21 228.51 14.63
2018-09-30 2,565.00 105.22 222.98 15.55
2018-06-30 2,633.86 112.60 213.56 13.71
2018-03-31 2,761.57 164.36 205.89 12.86
2017-12-31 2,827.80 173.27 222.95 12.70
2017-09-30 2,829.51 171.37 212.38 12.92
2017-06-30 2,659.77 142.33 207.67 14.24
2017-03-31 2,321.72 75.11 196.68 14.40
2016-12-31 2,123.12 32.08 178.73 15.38
2016-09-30 2,164.38 56.72 167.20 15.41
2016-06-30 2,145.96 17.70 165.18 15.39
2016-03-31 2,009.05 17.76 154.33 15.32
2015-12-31 1,692.03 7.47 131.56 15.26
2015-09-30 1,260.55 -57.50 112.04 15.93
2015-06-30 1,002.73 -47.06 91.05 18.26
2015-03-31 882.38 -77.36 85.31 20.18
2014-12-31 854.45 -92.88 80.53 20.43
2014-09-30 822.92 -96.08 80.59 20.53
2014-06-30 791.45 -114.80 84.07 18.61
2014-03-31 821.90 -131.89 80.55 16.79
2013-12-31 900.89 -142.80 83.41 16.65
2013-09-30 1,016.80 -144.69 88.77 17.65
2013-06-30 1,144.91 -127.42 88.22 17.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Jian Sin Industrial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jian Sin Industrial used its assets less efficiently than the TW Auto Components industry average last year based on Return on Assets.
  • Jian Sin Industrial's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Jian Sin Industrial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Jian Sin Industrial has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Jian Sin Industrial's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Jian Sin Industrial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jian Sin Industrial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jian Sin Industrial's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jian Sin Industrial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Jian Sin Industrial Company Filings, last reported 3 months ago.

GTSM:4502 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 704.57 1,110.19 305.04
2019-09-30 764.39 1,158.95 274.76
2019-06-30 775.54 1,123.28 371.49
2019-03-31 775.64 1,114.48 300.59
2018-12-31 765.03 1,099.26 314.79
2018-09-30 755.90 1,063.02 355.71
2018-06-30 743.23 1,074.62 251.34
2018-03-31 769.30 1,078.37 270.39
2017-12-31 730.73 1,081.72 239.70
2017-09-30 721.51 1,101.10 243.52
2017-06-30 687.66 1,156.69 292.75
2017-03-31 601.75 1,250.13 135.48
2016-12-31 559.98 1,318.53 221.53
2016-09-30 544.70 1,327.63 272.30
2016-06-30 545.98 1,429.71 353.36
2016-03-31 535.37 1,555.64 280.00
2015-12-31 535.95 1,381.43 163.22
2015-09-30 244.44 1,704.13 77.03
2015-06-30 284.92 1,390.61 56.88
2015-03-31 264.08 609.65 47.03
2014-12-31 273.42 592.40 13.41
2014-09-30 289.74 570.85 20.72
2014-06-30 317.57 524.55 12.78
2014-03-31 334.67 567.52 7.65
2013-12-31 299.07 641.52 10.78
2013-09-30 390.25 641.70 14.57
2013-06-30 437.27 605.51 49.75
  • Jian Sin Industrial's level of debt (157.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (216.8% vs 157.6% today).
  • Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Jian Sin Industrial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jian Sin Industrial has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Jian Sin Industrial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.68%
Current annual income from Jian Sin Industrial dividends.
If you bought NT$2,000 of Jian Sin Industrial shares you are expected to receive NT$14 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Jian Sin Industrial's pays a lower dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • Jian Sin Industrial's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (7.04%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GTSM:4502 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 4.6%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1330 Stocks 4.6%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.8%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 3.2%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

GTSM:4502 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.280 0.585
2018-03-30 1.112 2.021
2017-11-13 0.043 0.057
2017-03-31 0.043 0.061
2017-01-16 0.043 0.121

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jian Sin Industrial is not paying a notable dividend for Taiwan, Province of China, therefore no need to check if the payments are stable.
  • Jian Sin Industrial is not paying a notable dividend for Taiwan, Province of China, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Jian Sin Industrial's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Jian Sin Industrial's dividends as it is not paying a notable one for Taiwan, Province of China.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Jian Sin Industrial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jian Sin Industrial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jian Sin Industrial has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Jian Sin Industrial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Jian Sin Industrial has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NT$) Value (NT$)
X
Management checks
We assess Jian Sin Industrial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Jian Sin Industrial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Jian Sin Industrial Co., Ltd. manufactures and sells aluminum and steel wheels worldwide. The company also offers cast and forged wheels. It serves OEM market and aftermarket. The company was formerly known as Yuan Feng Industrial Co. Ltd. and changed its name to Jian Sin Industrial Co., Ltd. in July 2015. Jian Sin Industrial Co., Ltd. was founded in 1978 and is based in Changhua, Taiwan.

Details
Name: Jian Sin Industrial Co., Ltd.
4502
Exchange: GTSM
Founded: 1978
NT$2,049,650,404
49,568,329
Website: http://www.rostawheels.com.tw
Address: Jian Sin Industrial Co., Ltd.
No. 3, Zhangbin East 1st Road,
Xianxi Township,
Changhua,
507,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 4502 Common Stock Taipei Exchange TW TWD 21. Oct 1999
Number of employees
Current staff
Staff numbers
0
Jian Sin Industrial employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 14:36
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/03/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.