Company Valuation: All Ring Tech Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,898 11,499 38,242 35,021 1,17,325 - -
Change - 134.79% 232.56% -8.42% 235.01% - -
Enterprise Value (EV) 1 4,898 11,499 34,996 31,178 1,12,892 1,12,181 1,11,241
Change - 134.79% 204.33% -10.91% 262.09% -0.63% -0.84%
P/E 10.4x 84.9x 27.9x 23.7x 40.9x 29.1x 19.6x
PBR - - 5.98x 4.8x 11.9x 9.79x 7.81x
PEG - -1.2x 0x 3.56x 0.4x 0.7x 0.4x
Capitalization / Revenue - 9.54x 6.91x 6.53x 12.5x 8.24x 6.19x
EV / Revenue - 9.54x 6.32x 5.81x 12.1x 7.88x 5.87x
EV / EBITDA - 89.4x 23.6x 18.6x 35.4x 22.1x 15.8x
EV / EBIT - 135x 24.5x 19.4x 36.4x 22.5x 16.2x
EV / FCF - - 49.7x 20.9x 45.9x 33.7x -
FCF Yield - - 2.01% 4.78% 2.18% 2.97% -
Dividend per Share 2 - - 10.2 11.79 19.9 27.38 37.96
Rate of return - - 2.54% 3.24% 1.65% 2.27% 3.15%
EPS 2 5.86 1.66 14.42 15.38 29.48 41.37 61.6
Distribution rate - - 70.7% 76.6% 67.5% 66.2% 61.6%
Net sales 1 - 1,205 5,535 5,366 9,359 14,236 18,942
EBITDA 1 - 128.7 1,483 1,679 3,187 5,082 7,051
EBIT 1 - 85.42 1,427 1,611 3,099 4,983 6,876
Net income 1 499 138.2 1,311 1,485 2,893 4,319 5,968
Net Debt 1 - - -3,247 -3,843 -4,433 -5,144 -6,083
Reference price 2 60.80 141.00 402.00 364.00 1,205.00 1,205.00 1,205.00
Nbr of stocks (in thousands) 80,556 81,556 95,130 96,211 97,365 - -
Announcement Date 13/03/23 26/03/24 27/02/25 10/02/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.87x12.06x35.42x1.65% 368.36Cr
36.71x11.16x32.23x0.41% 38TCr
66.79x10.03x51.29x0.14% 7.64TCr
66.23x19.65x87.79x0.12% 5.1TCr
35.52x9.34x24.25x0.49% 4.7TCr
35.73x11.34x23.9x1.13% 4.19TCr
71.6x21.71x68.55x0.12% 2.95TCr
35.33x3.3x10.09x0.44% 2.52TCr
83.24x16.27x78.76x0.3% 2.16TCr
95.52x21.66x78.84x0.15% 1.96TCr
Average 56.76x 13.65x 49.11x 0.49% 7TCr
Weighted average by Cap. 46.53x 12.16x 40.81x 0.39%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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