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INDICATIVE · SAMPLE DATA
2248$55.6060

Shining Victory Motor Electronic Co Ltd

Auto, Truck & Motorcycle PartsVerified

Shining Victory Motor Electronic Co., Ltd. has a market capitalization of TWD 2,646.56 million and a price-to-earnings ratio of 10.69, indicating a relatively low valuation compared to earnings. The company's price-to-book ratio is 1.59, suggesting that the market values the company at a premium to its book value. The enterprise value to EBITDA ratio is 9.82, and the enterprise value to revenue ratio is 1.38, both of which are within the typical range for the auto parts industry. The company's profitability is reflected in its return on equity of 14.9% and return on assets of 8.18%, which are strong indicators of efficient use of equity and assets. The operating margin is 14.0%, and the net profit margin is 11.98%, both of which are above the industry median for auto parts manufacturers. The company's gross margin is 30.7%, indicating a healthy level of profitability after accounting for the cost of goods sold. Shining Victory Motor Electronic Co., Ltd. operates in a single business segment, with all revenue derived from the production and sale of automotive components. The company's geographic exposure is primarily in China, where it has a production base in Pinghu, Jiaxing. The company's revenue is not diversified across multiple regions, which could expose it to regional economic and regulatory risks. The company's revenue for the latest period is TWD 2,065.32 million, with a net income of TWD 247.58 million. Analysts have a mean recommendation of 1.00, indicating a strong buy consensus, with two strong buy ratings and no buy, hold, sell, or strong sell ratings. The company's earnings per share (EPS) estimate for the next period is TWD 5.95, compared to the last actual EPS of TWD 5.31. The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag is that net cash is negative after subtracting total debt, which could affect the company's ability to meet short-term obligations. The company's debt-to-equity ratio is 0.12, indicating a relatively low level of leverage. The current ratio is 1.78, suggesting that the company has sufficient current assets to cover its current liabilities. Recent events include the company's continued focus on expanding its production capabilities and diversifying its product offerings. The company has invested in stamping, wire drawing, etching, and other manufacturing processes to meet the diverse needs of its customers. The company's re-investment companies include Huasheng International Holdings Co., Ltd., Yilan Auto Parts Manufacturing (Pinghu) Co., Ltd., and others, which support its growth strategy.

30-day price · 2248+5.90 (+12.0%)
Low$48.40High$62.10Close$55.00As of21 May, 00:00 UTC
Profile
CompanyShining Victory Motor Electronic Co Ltd
Ticker2248.TW
SectorConsumer Cyclicals
BusinessAutomobiles & Auto Parts
Industry groupAutomobiles & Auto Parts
IndustryAuto, Truck & Motorcycle Parts
AI analysis

Business. Shining Victory Motor Electronic Co., Ltd. is a Cayman Islands-based investment holding company primarily engaged in the production and sales of automotive LED ambient lights, metal and plastic interior and exterior parts, with a production base in Pinghu, Jiaxing, China.

Classification. Shining Victory Motor Electronic Co., Ltd. is classified under the industry "Auto, Truck & Motorcycle Parts" within the "Automobiles & Auto Parts" business sector, with a confidence level of 0.92.

Shining Victory Motor Electronic Co., Ltd. has a market capitalization of TWD 2,646.56 million and a price-to-earnings ratio of 10.69, indicating a relatively low valuation compared to earnings. The company's price-to-book ratio is 1.59, suggesting that the market values the company at a premium to its book value. The enterprise value to EBITDA ratio is 9.82, and the enterprise value to revenue ratio is 1.38, both of which are within the typical range for the auto parts industry. The company's profitability is reflected in its return on equity of 14.9% and return on assets of 8.18%, which are strong indicators of efficient use of equity and assets. The operating margin is 14.0%, and the net profit margin is 11.98%, both of which are above the industry median for auto parts manufacturers. The company's gross margin is 30.7%, indicating a healthy level of profitability after accounting for the cost of goods sold. Shining Victory Motor Electronic Co., Ltd. operates in a single business segment, with all revenue derived from the production and sale of automotive components. The company's geographic exposure is primarily in China, where it has a production base in Pinghu, Jiaxing. The company's revenue is not diversified across multiple regions, which could expose it to regional economic and regulatory risks. The company's revenue for the latest period is TWD 2,065.32 million, with a net income of TWD 247.58 million. Analysts have a mean recommendation of 1.00, indicating a strong buy consensus, with two strong buy ratings and no buy, hold, sell, or strong sell ratings. The company's earnings per share (EPS) estimate for the next period is TWD 5.95, compared to the last actual EPS of TWD 5.31. The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag is that net cash is negative after subtracting total debt, which could affect the company's ability to meet short-term obligations. The company's debt-to-equity ratio is 0.12, indicating a relatively low level of leverage. The current ratio is 1.78, suggesting that the company has sufficient current assets to cover its current liabilities. Recent events include the company's continued focus on expanding its production capabilities and diversifying its product offerings. The company has invested in stamping, wire drawing, etching, and other manufacturing processes to meet the diverse needs of its customers. The company's re-investment companies include Huasheng International Holdings Co., Ltd., Yilan Auto Parts Manufacturing (Pinghu) Co., Ltd., and others, which support its growth strategy.
Key takeaways
  • Shining Victory Motor Electronic Co., Ltd. has a strong return on equity of 14.9% and a healthy gross margin of 30.7%.
  • The company's price-to-earnings ratio of 10.69 and price-to-book ratio of 1.59 suggest a relatively low valuation.
  • Analysts have a strong buy consensus with a mean recommendation of 1.00, indicating positive sentiment.
  • The company's debt-to-equity ratio of 0.12 and current ratio of 1.78 indicate a strong financial position.
  • The company's geographic exposure is primarily in China, which could expose it to regional economic and regulatory risks.
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  • ## RATIONALES
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Financial snapshot
PeriodHA-latest
CurrencyTWD
Revenue$2.07B
Gross profit$634.7M
Operating income$289.1M
Net income$247.6M
R&D
SG&A
D&A
SBC
Operating cash flow$190.7M
CapEx-$148.7M
Free cash flow$22.4M
Total assets$3.03B
Total liabilities$1.37B
Total equity$1.66B
Cash & equivalents
Long-term debt$193.6M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY0$2.07B$289.1M$247.6M$22.4M
FY-1$2.08B$318.6M$269.8M$182.8M
FY-2$1.93B$131.4M$138.1M$108.0M
FY-3$1.25B$62.3M$111.2M$74.1M
FY-4$926.5M$27.3M$95.9M$77.9M
PeriodGross %Op %Net %FCF %
FY0
FY-1
FY-2
FY-3
FY-4
PeriodAssetsEquityCashDebt
FY0$3.03B$1.66B
FY-1$2.60B$1.23B
FY-2$2.16B$967.3M
FY-3$1.85B$876.2M
FY-4$1.28B$778.3M
PeriodOCFCapExFCFSBC
FY0$190.7M-$148.7M$22.4M
FY-1$373.9M-$99.0M$182.8M
FY-2$64.1M-$56.7M$108.0M
FY-3$11.5M-$54.3M$74.1M
FY-4$344.0k-$55.1M$77.9M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ0$658.7M$114.6M$92.4M$85.8M
FQ-1$507.9M$67.9M$58.9M$35.6M
FQ-2$443.0M$47.5M$41.4M-$11.3M
FQ-3$455.7M$59.1M$54.9M$42.3M
FQ-4
FQ-5$549.3M$87.4M$67.4M$50.7M
FQ-6
FQ-7
PeriodGross %Op %Net %FCF %
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodAssetsEquityCashDebt
FQ0$3.03B$1.66B
FQ-1$2.76B$1.49B
FQ-2$2.58B$1.37B
FQ-3$2.89B$1.63B
FQ-4
FQ-5$2.57B$1.17B
FQ-6
FQ-7
PeriodOCFCapExFCFSBC
FQ0$190.7M-$148.7M$85.8M
FQ-1$89.1M-$128.0M$35.6M
FQ-2$116.1M-$91.7M-$11.3M
FQ-3$82.4M-$26.2M$42.3M
FQ-4
FQ-5$162.1M-$61.7M$50.7M
FQ-6
FQ-7
Valuation
Market price$55.60
Market cap$2.65B
Enterprise value$2.84B
P/E10.7
Reported non-GAAP P/E
EV/Revenue1.4
EV/Op income9.8
EV/OCF14.9
P/B1.6
P/Tangible book1.6
Tangible book$1.66B
Net cash-$193.6M
Current ratio1.8
Debt/Equity0.1
ROA8.2%
ROE14.9%
Cash conversion77.0%
CapEx/Revenue-7.2%
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Auto, Truck & Motorcycle Parts · cohort 1 companies
Metric2248Activity
Op margin14.0%3.3% medp25 2.6% · p75 3.5%top quartile
Net margin12.0%1.9% medp25 1.5% · p75 1.9%top quartile
Gross margin30.7%12.6% medp25 9.5% · p75 15.6%top quartile
R&D / revenue3.2% medp25 2.3% · p75 4.1%
CapEx / revenue-7.2%2.4% medp25 2.4% · p75 2.4%bottom quartile
Debt / equity12.0%71.6% medp25 62.7% · p75 188.5%bottom quartile
Observations
IR observations
Mean recommendation1.00 (1=strong buy, 5=strong sell)
Strong-buy count2.00
Buy count0.00
Hold count0.00
Sell count0.00
Strong-sell count0.00
Mean EPS estimate5.95 TWD
Last actual EPS5.31 TWD
Mean revenue estimate2,503,000,000 TWD
Last actual revenue2,065,319,000 TWD
Mean EBIT estimate334,500,000 TWD
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-10 07:51 UTC#69d0cf36
Market quoteclose TWD 55.60 · shares 0.05B diluted
no public URL
2026-05-10 07:51 UTC#a0d46539
Source: analysis-pipeline (hybrid)Generated: 2026-05-10 07:53 UTCJob: 904e88cf