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Chi Sheng Pharma & Biotech

GTSM:4111
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4111
GTSM
NT$1B
Market Cap
  1. Home
  2. TW
  3. Pharmaceuticals & Biotech
Company description

Chi Sheng Pharma & Biotech Co., Ltd manufactures and distributes medical medicines and equipment in Taiwan and internationally. The last earnings update was 6 days ago. More info.


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4111 Share Price and Events
7 Day Returns
-0.6%
GTSM:4111
-1.7%
TW Pharmaceuticals
-0.5%
TW Market
1 Year Returns
5.6%
GTSM:4111
16%
TW Pharmaceuticals
17.7%
TW Market
4111 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chi Sheng Pharma & Biotech (4111) -0.6% -2.2% -3% 5.6% 14.8% -15.2%
TW Pharmaceuticals -1.7% 3.4% 3.5% 16% -10.7% -23.2%
TW Market -0.5% 2.8% 9.1% 17.7% 26.3% 26.1%
1 Year Return vs Industry and Market
  • 4111 underperformed the Pharmaceuticals industry which returned 16% over the past year.
  • 4111 underperformed the Market in Taiwan, Province of China which returned 17.7% over the past year.
Price Volatility
4111
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Chi Sheng Pharma & Biotech's competitors could be found in our database.

Value

 Is Chi Sheng Pharma & Biotech 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 Chi Sheng Pharma & Biotech 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 Chi Sheng Pharma & Biotech.

GTSM:4111 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 7.5%
Perpetual Growth Rate 10-Year TW Government Bond Rate 2.7%

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:4111
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Pharmaceuticals Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.687 (1 + (1- 20%) (1.19%))
0.795
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for GTSM:4111 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Chi Sheng Pharma & Biotech 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:4111 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 7.5%)
2020 143.13 Est @ 11.1% 133.14
2021 155.42 Est @ 8.59% 134.49
2022 166.03 Est @ 6.83% 133.66
2023 175.33 Est @ 5.6% 131.30
2024 183.64 Est @ 4.74% 127.93
2025 191.23 Est @ 4.14% 123.93
2026 198.34 Est @ 3.71% 119.56
2027 205.12 Est @ 3.42% 115.03
2028 211.71 Est @ 3.21% 110.44
2029 218.20 Est @ 3.07% 105.89
Present value of next 10 years cash flows NT$1,235.00
GTSM:4111 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$218.20 × (1 + 2.73%) ÷ (7.5% – 2.73%)
NT$4,701.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$4,701.27 ÷ (1 + 7.5%)10
NT$2,281.45
GTSM:4111 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$1,235.00 + NT$2,281.45
NT$3,516.45
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$3,516.45 / 56.98
NT$61.71
GTSM:4111 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$61.71
Current discount Discount to share price of NT$24.45
= -1 x (NT$24.45 - NT$61.71) / NT$61.71
60.4%

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

Current Discount
Amount off the current price Chi Sheng Pharma & Biotech is available for.
Intrinsic value
>50%
Share price is NT$24.45 vs Future cash flow value of NT$61.71
Current Discount Checks
For Chi Sheng Pharma & Biotech to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chi Sheng Pharma & Biotech's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chi Sheng Pharma & Biotech's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Chi Sheng Pharma & Biotech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chi Sheng Pharma & Biotech's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:4111 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in TWD NT$1.01
GTSM:4111 Share Price ** GTSM (2019-11-15) in TWD NT$24.45
Taiwan, Province of China Pharmaceuticals Industry PE Ratio Median Figure of 26 Publicly-Listed Pharmaceuticals Companies 22.23x
Taiwan, Province of China Market PE Ratio Median Figure of 1,423 Publicly-Listed Companies 16.59x

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

** Primary Listing of Chi Sheng Pharma & Biotech.

GTSM:4111 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:4111 Share Price ÷ EPS (both in TWD)

= 24.45 ÷ 1.01

24.19x

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

  • Chi Sheng Pharma & Biotech is overvalued based on earnings compared to the TW Pharmaceuticals industry average.
  • Chi Sheng Pharma & Biotech is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Chi Sheng Pharma & Biotech's expected growth come at a high price?
Raw Data
GTSM:4111 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
7.4%per year
Taiwan, Province of China Pharmaceuticals Industry PEG Ratio Median Figure of 5 Publicly-Listed Pharmaceuticals Companies 0.89x
Taiwan, Province of China Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.07x

*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 Chi Sheng Pharma & Biotech, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chi Sheng Pharma & Biotech's assets?
Raw Data
GTSM:4111 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in TWD NT$18.66
GTSM:4111 Share Price * GTSM (2019-11-15) in TWD NT$24.45
Taiwan, Province of China Pharmaceuticals Industry PB Ratio Median Figure of 45 Publicly-Listed Pharmaceuticals Companies 2.17x
Taiwan, Province of China Market PB Ratio Median Figure of 1,936 Publicly-Listed Companies 1.44x
GTSM:4111 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:4111 Share Price ÷ Book Value per Share (both in TWD)

= 24.45 ÷ 18.66

1.31x

* Primary Listing of Chi Sheng Pharma & Biotech.

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

  • Chi Sheng Pharma & Biotech is good value based on assets compared to the TW Pharmaceuticals industry average.
X
Value checks
We assess Chi Sheng Pharma & Biotech'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 Pharmaceuticals 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 Pharmaceuticals industry average (and greater than 0)? (1 check)
  5. Chi Sheng Pharma & Biotech has a total score of 3/6, 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 Chi Sheng Pharma & Biotech expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Chi Sheng Pharma & Biotech, future earnings growth has been estimated based on fundamentals.
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
7.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chi Sheng Pharma & Biotech expected to grow at an attractive rate?
  • Chi Sheng Pharma & Biotech's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Chi Sheng Pharma & Biotech's earnings growth is positive but not above the Taiwan, Province of China market average.
  • Unable to compare Chi Sheng Pharma & Biotech's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:4111 Future Growth Rates Data Sources
Data Point Source Value (per year)
GTSM:4111 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 7.4%
Taiwan, Province of China Pharmaceuticals Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Taiwan, Province of China Pharmaceuticals Industry Revenue Growth Rate Market Cap Weighted Average 20.2%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 8%

*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:4111 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:4111 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
GTSM:4111 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-09-30 998 187 57
2019-06-30 985 134 57
2019-03-31 964 87 46
2018-12-31 967 114 42
2018-09-30 985 98 52
2018-06-30 1,016 133 60
2018-03-31 1,032 157 69
2017-12-31 1,045 181 82
2017-09-30 1,034 162 91
2017-06-30 1,012 160 88
2017-03-31 995 133 85
2016-12-31 964 104 73

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chi Sheng Pharma & Biotech's earnings are expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Chi Sheng Pharma & Biotech 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:4111 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Chi Sheng Pharma & Biotech Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:4111 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
GTSM:4111 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-09-30 1.01
2019-06-30 1.00
2019-03-31 0.81
2018-12-31 0.74
2018-09-30 0.92
2018-06-30 1.06
2018-03-31 1.22
2017-12-31 1.43
2017-09-30 1.60
2017-06-30 1.55
2017-03-31 1.50
2016-12-31 1.28

*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 Chi Sheng Pharma & Biotech will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Chi Sheng Pharma & Biotech'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.
Chi Sheng Pharma & Biotech has a total score of 1/6, 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 Chi Sheng Pharma & Biotech 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 Chi Sheng Pharma & Biotech's growth in the last year to its industry (Pharmaceuticals).
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.
  • Chi Sheng Pharma & Biotech's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Chi Sheng Pharma & Biotech's 1-year earnings growth exceeds its 5-year average (9.8% vs -2.2%)
  • Chi Sheng Pharma & Biotech's earnings growth has not exceeded the TW Pharmaceuticals industry average in the past year (9.8% vs 12.7%).
Earnings and Revenue History
Chi Sheng Pharma & Biotech'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 Chi Sheng Pharma & Biotech Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:4111 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 998.04 57.38 233.43 22.36
2019-06-30 984.97 57.03 232.91 22.16
2019-03-31 963.78 46.44 228.52 22.10
2018-12-31 967.40 42.25 228.69 22.53
2018-09-30 985.10 52.25 227.19 23.72
2018-06-30 1,015.81 60.23 226.55 23.91
2018-03-31 1,031.96 69.47 222.20 23.50
2017-12-31 1,044.54 81.74 219.36 23.04
2017-09-30 1,034.41 91.27 212.72 19.61
2017-06-30 1,011.88 88.40 209.48 19.18
2017-03-31 995.44 85.22 209.40 19.40
2016-12-31 963.68 72.80 206.77 18.77
2016-09-30 945.96 48.48 209.61 24.80
2016-06-30 936.45 45.62 207.35 26.08
2016-03-31 937.58 41.99 203.19 25.47
2015-12-31 931.94 39.03 202.88 26.07
2015-09-30 908.47 40.37 191.17 19.90
2015-06-30 922.29 50.13 186.54 18.42
2015-03-31 924.99 58.64 183.78 18.95
2014-12-31 942.80 72.96 177.92 17.80
2014-09-30 979.38 104.17 177.40 17.75
2014-06-30 973.71 105.08 176.14 17.03
2014-03-31 960.36 105.88 172.73 16.26
2013-12-31 920.51 95.52 170.80 16.50
2013-09-30 890.03 74.51 172.55 16.50
2013-06-30 848.84 62.40 170.11 17.68
2013-03-31 843.91 60.13 171.15 17.43
2012-12-31 866.49 73.09 170.13 17.34

*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.
  • Chi Sheng Pharma & Biotech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chi Sheng Pharma & Biotech used its assets less efficiently than the TW Pharmaceuticals industry average last year based on Return on Assets.
  • Chi Sheng Pharma & Biotech has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chi Sheng Pharma & Biotech'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 Pharmaceuticals 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.
Chi Sheng Pharma & Biotech has a total score of 2/6, 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 Chi Sheng Pharma & Biotech'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 Chi Sheng Pharma & Biotech's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chi Sheng Pharma & Biotech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chi Sheng Pharma & Biotech's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chi Sheng Pharma & Biotech'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.
  • Chi Sheng Pharma & Biotech has no debt, it does not need to be covered by short term assets.
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 Chi Sheng Pharma & Biotech Company Filings, last reported 1 month ago.

GTSM:4111 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,055.63 0.00 246.59
2019-06-30 1,049.87 0.00 220.64
2019-03-31 1,066.12 20.00 198.08
2018-12-31 1,045.13 35.00 226.01
2018-09-30 1,035.03 60.00 215.54
2018-06-30 1,029.51 40.00 244.02
2018-03-31 1,067.98 35.00 246.92
2017-12-31 1,053.53 0.00 205.30
2017-09-30 1,037.15 25.00 198.21
2017-06-30 1,009.49 20.00 206.40
2017-03-31 1,030.99 60.00 219.36
2016-12-31 1,019.91 0.00 118.55
2016-09-30 999.20 26.00 140.11
2016-06-30 985.24 10.00 134.44
2016-03-31 1,007.15 30.00 155.01
2015-12-31 998.73 30.00 158.36
2015-09-30 1,008.84 20.00 156.46
2015-06-30 981.83 45.00 143.18
2015-03-31 993.88 45.00 163.72
2014-12-31 989.57 20.00 154.75
2014-09-30 981.65 35.00 156.90
2014-06-30 948.81 60.00 156.28
2014-03-31 956.07 80.00 171.81
2013-12-31 936.09 130.00 230.45
2013-09-30 898.55 160.00 253.29
2013-06-30 870.87 110.00 204.37
2013-03-31 867.13 60.00 158.26
2012-12-31 853.78 40.00 207.72
  • Chi Sheng Pharma & Biotech has no debt.
  • Chi Sheng Pharma & Biotech has no debt compared to 5 years ago when it was 3.5%.
  • Chi Sheng Pharma & Biotech has no debt, it does not need to be covered by operating cash flow.
  • Chi Sheng Pharma & Biotech has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Chi Sheng Pharma & Biotech'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. Chi Sheng Pharma & Biotech has a total score of 6/6, 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 Chi Sheng Pharma & Biotech'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
2.45%
Current annual income from Chi Sheng Pharma & Biotech dividends.
If you bought NT$2,000 of Chi Sheng Pharma & Biotech shares you are expected to receive NT$49 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?
  • Chi Sheng Pharma & Biotech's pays a lower dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (2.57%).
  • Chi Sheng Pharma & Biotech's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (5.93%).
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:4111 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 Pharmaceuticals Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.8%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1323 Stocks 4.1%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.4%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 2.6%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

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

GTSM:4111 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
GTSM:4111 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.600 2.417
2019-03-18 0.600 2.295
2018-03-30 0.800 3.195
2018-03-20 0.800 3.204
2017-03-31 0.800 3.249
2016-03-30 0.600 2.627
2015-03-30 0.385 1.613
2014-05-13 0.458 1.394
2014-04-25 0.458 1.300
2014-03-21 0.458 1.244
2013-11-13 0.352 1.222
2013-08-14 0.352 1.312
2013-05-14 0.352 1.378
2013-03-28 0.352 1.421
2012-03-30 0.308 1.310

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

  • Chi Sheng Pharma & Biotech has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Chi Sheng Pharma & Biotech only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Chi Sheng Pharma & Biotech's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
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 Chi Sheng Pharma & Biotech's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Chi Sheng Pharma & Biotech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chi Sheng Pharma & Biotech has a total score of 1/6, 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 Chi Sheng Pharma & Biotech'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.
  • Chi Sheng Pharma & Biotech 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 Chi Sheng Pharma & Biotech'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. Chi Sheng Pharma & Biotech 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

Chi Sheng Pharma & Biotech Co., Ltd manufactures and distributes medical medicines and equipment in Taiwan and internationally. Its products include antibiotics and chemotherapeutic agents; plasma substitutes and amino acid preparations; water nutrients and electrolyte preparations; vitamins; hepatotropic agents, hormones and adrenal cortical steroids; autonomic nerves agents; antihistamines and antipruritics; antipyretics and analgesics; antitussives and anti-asthmas; gastro-intestinal preparations; local anesthetic preparations; hemodialysis concentrate and external solutions; peritoneal dialysis solutions; and others. The company also offers medical devices, fat emulsion, anesthetic, hemostatics, food products, health food, functional drinks, skin care products, and cosmetics. Chi Sheng Pharma & Biotech Co., Ltd was founded in 1962 and is headquartered in Hsin Chu, Taiwan.

Details
Name: Chi Sheng Pharma & Biotech Co., Ltd
4111
Exchange: GTSM
Founded: 1962
NT$1,407,480,100
56,983,000
Website: http://www.cscp.com.tw
Address: Chi Sheng Pharma & Biotech Co., Ltd
No.3, Shih Chen Road,
Hsin Chu Industrial Park,
Hsin Chu,
30352,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 4111 Common Stock Taipei Exchange TW TWD 20. Oct 1999
Number of employees
Current staff
Staff numbers
0
Chi Sheng Pharma & Biotech employees.
Industry
Pharmaceuticals
Pharmaceuticals & Biotech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 14:42
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2018/03/20
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.