Tai Sin Electric Limited (500) AI Stock Analysis

• Market Cap: S$191.01M
• Dividend Yield: 7.23%
• Average Volume (3M): 63.17K
• Price to Earnings (P/E): 8.1
• Beta (1Y): 0.12
• Revenue Growth: 13.45%
• EPS Growth: 102.37%
• Country: SG
• Employees: 583
• Sector: Industrials
• Sector Strength: 85
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.05
• Shares Outstanding: 462,988,830
• 10 Day Avg. Volume: 122,570
• 30 Day Avg. Volume: 63,170
• PEG Ratio: -0.46
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 74 Outperform
• Price Target: ―

The overall score reflects Tai Sin Electric Limited's strong financial health, evidenced by steady revenue growth and solid balance sheet management. The technical analysis suggests stability, while the valuation highlights an attractive investment opportunity due to a low P/E ratio and high dividend yield. The absence of earnings call data and corporate events reduces uncertainty in the analysis, focusing on existing strong fundamentals.

Tai Sin Electric Limited Business Overview & Revenue Model

Company Description

Tai Sin Electric Limited, together with its subsidiaries, designs, develops, manufactures, and trades in cable and wire products. The company operates through Cable & Wire, Electrical Material Distribution, Switchboard, and Test & Inspection segments. The Cable & Wire segment provides power, control, instrumentation, fire resistant and flame retardant cables, and busbar trucking systems for use in various areas of electrical and instrumentation installation for commercial, residential, industrial, and infrastructure projects. The Electrical Material Distribution segment provides industrial control systems and components, sensing products, measurement and monitoring systems, and power quality systems; and safety, cabling, and electrical accessories, as well as lighting and energy monitoring solutions to a range of industries, which includes industrial automation, maintenance, repair, and operations. The Switchboard segment offers switchgears comprising low voltage main and sub switchboards, distribution boards, control panels, and others for use in large buildings and industrial installations. The Test & Inspection segment offers consultancy, testing, inspection, and certification services for materials comprising concrete, soil, and asphalt premixes. It also engages in general construction and technical engineering, oil and gas, and non-construction activities, as well as distributing electrical products. The company serves end-users, contractors, manufacturers, system integrators, engineers, and consultants in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally. Tai Sin Electric Limited was incorporated in 1980 and is headquartered in Singapore.

How the Company Makes Money

Tai Sin Electric Limited generates revenue through the manufacturing and sale of its diverse portfolio of electrical products. The company's primary revenue streams include the sale of power cables, control cables, and fire-resistant cables to construction and infrastructure projects across Southeast Asia. Additionally, Tai Sin Electric benefits from strategic partnerships and long-term contracts with key players in the construction and industrial sectors, which provide consistent demand for its products. The company's commitment to quality and continuous investment in research and development also contributes to its competitive edge and ability to maintain a steady revenue flow.

Tai Sin Electric Limited Financial Statement Overview

Summary

Tai Sin Electric Limited exhibits a robust financial position with consistent revenue growth and stable profit margins. The balance sheet is strong with manageable debt levels and solid equity backing. While cash flow metrics indicate improvement, there is potential for further enhancement in cash conversion efficiency. Overall, the company is on a positive trajectory, with strong fundamentals supporting its financial health.

Income Statement

The company demonstrates healthy revenue growth with a TTM (Trailing-Twelve-Months) increase of 9.84% over the previous annual period. Gross profit margin stands strong at 17.14% for the TTM period, reflecting effective cost management. Net profit margin improved to 5.35% in TTM, indicating enhanced profitability. Both EBIT and EBITDA margins show positive trends at 6.39% and 8.53% respectively, supporting stable operational efficiency.

Balance Sheet

The balance sheet reveals a stable equity ratio of 62.67%, highlighting a strong equity position. The debt-to-equity ratio is manageable at 0.33, indicating prudent leverage management. Return on equity (ROE) stands at 10.83% TTM, reflecting reasonable returns to shareholders. The company maintains a robust financial structure with a strong asset base.

Cash Flow

Cash flow analysis shows a rebound in free cash flow to $6.05M TTM, a significant improvement from negative figures in the prior period, indicating better cash management. The operating cash flow to net income ratio is 0.58, suggesting moderate conversion of income to cash. The free cash flow to net income ratio stands at 0.26, indicating some room for improving cash generation efficiency.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
440.03M	400.68M	421.73M	379.05M	298.44M	276.41M
	Gross Profit
75.46M	66.43M	62.74M	80.05M	41.37M	44.36M
	EBIT
28.11M	20.95M	24.14M	28.21M	11.27M	10.85M
	EBITDA
37.55M	29.33M	29.72M	33.72M	28.31M	19.74M
	Net Income Common Stockholders
23.54M	14.60M	16.67M	22.01M	17.28M	9.70M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
36.23M	27.42M	32.00M	29.20M	39.33M	33.50M
	Total Assets
346.96M	315.66M	302.07M	315.71M	293.31M	243.38M
	Total Debt
72.55M	59.77M	45.72M	43.04M	29.84M	31.30M
	Net Debt
36.31M	32.35M	13.72M	13.84M	-9.48M	-2.21M
	Total Liabilities
127.80M	107.01M	95.32M	112.14M	101.29M	61.31M
	Stockholders Equity
217.42M	206.88M	204.81M	201.69M	190.24M	180.50M
Cash Flow		Free Cash Flow
6.05M	-4.86M	11.27M	-11.96M	19.67M	29.06M
	Operating Cash Flow
13.62M	2.60M	16.28M	-7.44M	26.34M	33.10M
	Investing Cash Flow
-7.11M	-6.82M	-5.57M	-3.87M	-6.20M	-4.15M
	Financing Cash Flow
3.87M	-550.00K	-7.88M	1.19M	-14.27M	-12.26M

Tai Sin Electric Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.40
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:500, the sentiment is Negative. The current price of 0.4 is below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.40, and above the 200-day MA of 0.39, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.92 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:500.

Tai Sin Electric Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
500	74 Outperform	S$191.01M	8.11	11.20%	7.23%	13.45%	102.37%
Sector *	66 Neutral	$4.49B	12.22	5.40%	3.71%	4.17%	-11.97%
F83	48 Neutral	S$284.38M	52.08	1.11%	―	-3.24%	200.00%
G20		S$229.83M	9.69	8.13%	5.26%	―	―
J2T		S$192.04M	6.00	11.79%	4.80%	―	―
MR7	75 Outperform	S$131.83M	7.76	14.17%	5.29%	-1.41%	9.50%
V5Q		S$136.51M	4.86	41.57%	2.42%	―	―