Company Valuation: DFI Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 7,739 6,995 6,743 7,659 8,529 6,961
Change - -9.62% -3.6% 13.58% 11.36% -18.39%
Enterprise Value (EV) 1 6,729 8,763 8,784 8,272 9,443 7,972
Change - 30.23% 0.24% -5.83% 14.15% -15.58%
P/E 19.3x 11.5x 12.9x 21.3x 21.6x 24.5x
PBR 2.6x 2.29x 2.08x 2.42x 2.43x 2.05x
PEG - 0.2x -0.9x -0.7x 2.19x -0.9x
Capitalization / Revenue 0.93x 0.53x 0.42x 0.83x 0.89x 0.64x
EV / Revenue 0.81x 0.66x 0.54x 0.9x 0.99x 0.73x
EV / EBITDA 8.85x 12.9x 9.31x 11.1x 11.3x 10.8x
EV / EBIT 10.4x 16.6x 12x 15.2x 14.4x 15.3x
EV / FCF 16.6x -3.56x 17.5x 3.99x 11.4x 16.7x
FCF Yield 6.01% -28.1% 5.71% 25.1% 8.76% 5.97%
Dividend per Share 2 3 3.6 4 3 3.4 2.45
Rate of return 4.44% 5.89% 6.79% 4.48% 4.56% 4.03%
EPS 2 3.51 5.33 4.58 3.14 3.45 2.48
Distribution rate 85.5% 67.5% 87.3% 95.5% 98.6% 98.8%
Net sales 1 8,350 13,211 16,190 9,184 9,584 10,876
EBITDA 1 760.7 678.3 943.9 743.9 839 740.1
EBIT 1 648.1 526.3 731.2 544.8 657.9 519.6
Net income 1 405 615.9 528.2 361.7 396.6 285.4
Net Debt 1 -1,010 1,768 2,041 613 913.5 1,011
Reference price 2 67.60 61.10 58.90 66.90 74.50 60.80
Nbr of stocks (in thousands) 1,14,489 1,14,489 1,14,489 1,14,489 1,14,489 1,14,489
Announcement Date 24/03/21 07/03/22 03/03/23 05/03/24 26/02/25 12/03/26
1TWD in Million2TWD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 21Cr
25.68x1.75x16.26x0.57% 28TCr
65.11x16.15x43.91x0.34% 19TCr
21.64x1.72x9.05x1.19% 6.32TCr
16.58x0.35x6.57x1.96% 3.85TCr
24.64x3.99x15.09x1.34% 2.89TCr
11.36x0.5x6.1x4.66% 2.35TCr
36.64x19.62x26.83x1.41% 2.28TCr
53.31x - - 0.46% 2.11TCr
15.29x0.29x8.54x0.79% 1.94TCr
Average 30.03x 5.55x 16.54x 1.41% 6.93TCr
Weighted average by Cap. 36.16x 6.42x 22.69x 0.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA