Company Valuation: Comtrend Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,650 1,931 1,334 3,274 4,617 1,848
Change - -27.14% -30.91% 145.37% 41.04% -59.97%
Enterprise Value (EV) 1 1,545 1,411 967.7 3,131 3,876 1,061
Change - -8.69% -31.4% 223.56% 23.77% -72.62%
P/E 12.4x -73.3x 143x -9.46x 9.6x -9.06x
PBR 1.89x 1.53x 1.06x 3.7x 3.23x 1.67x
PEG - 1x -1x 0x -0x 0x
Capitalization / Revenue 1.01x 1.16x 0.69x 3.68x 1.17x 2.26x
EV / Revenue 0.59x 0.85x 0.5x 3.52x 0.98x 1.3x
EV / EBITDA 5.21x 147x 49.3x -9.24x 7.65x -7.59x
EV / EBIT 5.72x -69.4x -75.6x -8.48x 8.5x -6.75x
EV / FCF 4.56x -3x -7.69x -81.3x 11x 3.97x
FCF Yield 21.9% -33.3% -13% -1.23% 9.07% 25.2%
Dividend per Share 2 1.77 0.8815 0.6222 - 1.111 -
Rate of return 4.24% 2.94% 3.06% - 1.59% -
EPS 2 3.36 -0.4089 0.1421 -5.244 7.289 -3.092
Distribution rate 52.7% -216% 438% - 15.2% -
Net sales 1 2,616 1,663 1,922 888.7 3,947 819
EBITDA 1 296.4 9.568 19.64 -338.7 506.9 -139.8
EBIT 1 270 -20.31 -12.8 -369.3 456 -157.3
Net income 1 203.5 -26.11 9.271 -345.8 486.2 -204
Net Debt 1 -1,105 -520.1 -366.4 -142.3 -741.4 -786.8
Reference price 2 41.78 29.96 20.36 49.60 69.96 28.00
Nbr of stocks (in thousands) 63,433 64,458 65,541 65,999 65,999 65,999
Announcement Date 23/03/21 14/03/22 13/03/23 20/03/24 11/03/25 10/03/26
1TWD in Million2TWD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 3.87Cr
35.11x7.35x18.98x1.45% 45TCr
51.58x17.55x36.63x-.--% 22TCr
36.99x11.84x29.45x0.28% 18TCr
19.64x0.81x14.24x2.28% 18TCr
31.5x6x17.55x1.14% 6.94TCr
154.47x19.89x58.31x-.--% 5.94TCr
75.11x8.75x40.39x-.--% 5.53TCr
40.28x2.06x13.44x1.83% 5.24TCr
17.75x2.83x12.1x3.02% 4.8TCr
Average 51.38x 8.56x 26.79x 1.11% 13.11TCr
Weighted average by Cap. 42.51x 8.97x 24.87x 1.09%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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